i maybe wrong - but there are a few impending good news in the favour of this counter: (1): During the recently concluded AGM (i was there), Tan Sri advocated there is a strong chance of winning the contracts for Rapid Johor and MRT - very likely to be announced by the end of this month/ year, and (2): strong quarterly results to be announced in Jan'16,
Hence, i don't foresee a steep correction in the price for this counter...any steep correction will be absorbed by a strong buying pressure...
i may be wrong...but i act on own my conviction. As a matter of fact, i top up yesterday at RM2.08. Even at RM2.00 to RM2.10 range, the PE is still hovering at 6.xx for this counter. Can be considered relatively cheap.
In the AGM that was held on 26-11-2015, Gadang management was upbeat that this year profit can easily surpass the earning of last year by a quantum of 25~30%.
Gadang has on 25-10-2015 clinched an infrastructure contract (PACKAGE 14-0301) at Pengerang Johor for a total contract sum of RM375mil. This amount is very significant for a small construction outfit like Gadang. Worth to mention that this new job comes with higher margin due to lower mobilisation costs. We were further informed that Gadang has almost completed the previous job in Pengerang. The commencement of this newly awarded job is therefore timely. Higher margin is achievable because they can leverage their past working experience in Pengerang. Low mobilisation costs because they are able to deploy M&E and workforce that are being currently used in Pengerang.
More importantly, the management is confident to securing MRT 2 & more Pengerang jobs. I believe the management can walk the talk, do you?
Hi guys - wanna ask for some expert advice. My banker quote the following brokerage fees: Brokerage fees: 0.1% (he told me all the banks compete based on brokerage fees). Clearing fees and stamp duty is the same amongst all the banks.
Hence, my question: (1): whether 0.1% is considered the cheapest brokerage fees in Malaysia? (2): whether the clearing fees + stamp duty is fixed in Malaysia amongst all the banks?
@ superman 99, currently, i am thinking of switching over to CIMB trade beyond. Brokerage fees is 0.1%. But then, it seems ambank is cheaper at 0.038%. Unbelievable. But how is their trading platform?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SuperMan 99
1,178 posts
Posted by SuperMan 99 > 2015-12-11 01:38 | Report Abuse
ZZzzz liao, good night.