Posted by 2721 > 2016-04-22 16:53 | Report Abuse

Wohoo comes back as expected rm2.5 come come

Posted by michaelwong > 2016-04-22 16:54 | Report Abuse

Lai liao . ........one horse back on Monday . ......yeah ! Mine capital coming back .........
nice one . Today must boost carlsberg !

Posted by stocktrader3 > 2016-04-22 16:54 | Report Abuse

volume better than yesterday, huhu

Posted by stocktrader3 > 2016-04-22 17:01 | Report Abuse

see result how first in order to confirm if this is really a staged explosive breakout!

Posted by michaelwong > 2016-04-22 17:05 | Report Abuse

Last minute push down a bit ! Wait for Monday to confirm more .

Posted by tksw > 2016-04-22 18:22 | Report Abuse

could be a trap... hehehe

Posted by Mohd Fahmi Bin Jaes > 2016-04-22 18:25 | Report Abuse

price high.
sell

Posted by yeekarwai88 > 2016-04-22 18:36 | Report Abuse

price go down,you dont want buy
price go up,you sell too early.
dont make me laugh on you.

Posted by tksw > 2016-04-22 19:28 | Report Abuse

Fahmi sifu, dun sell lar, attempt to break out. Once beakout, cry oso no tears...

Posted by tksw > 2016-04-22 19:54 | Report Abuse

break da 225, Gadang surely fly

Posted by leecuteguy > 2016-04-22 23:48 | Report Abuse

When qtr result out ?

Posted by yeekarwai88 > 2016-04-23 00:04 | Report Abuse

next week.
haha.

Posted by leecuteguy > 2016-04-23 00:07 | Report Abuse

Thx..i tought yesterday evening

Posted by lzz88 > 2016-04-23 11:45 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/04/23/gadang-tenders-for-rm10bil-worth-of-jobs/

Posted by buddyinvest > 2016-04-23 18:22 | Report Abuse

Saturday, 23 April 2016

Gadang tenders for RM10bil worth of jobs

GADANG Holdings Bhd, involved primarily in construction and property, has tendered for over RM10bil worth of jobs, mainly for Petronas’ Refinery and Petrochemical Integrated Development (Rapid), the Klang Valley MRT and the proposed Damansara-Shah Alam (DASH) and Sungai Besi-Ulu Kelang (SUKE) elevated expressway projects.

Managing director and chief executive officer Tan Sri Kok Onn (pic) says the company, which also has utility and plantation businesses prefers to stick to jobs that it is already familiar with, referring to its current construction jobs with both Rapid and MRT.

“We think the results of these tenders should come out within the next three to four months,” he tells StarBizWeek, adding that the company hopes to get 20% of the RM10bil jobs that it had bid for.

Gadang currently has a balance of construction jobs worth RM800mil which are ongoing, Kok adds. Kok says he believes that the construction industry on the whole will be kept busy at least for the next couple of years, with job flows coming in.

Notably, Gadang’s construction jobs come mostly from the Government.

This presumably has worked in its favour as payment collection for work done for the Government should be easier to obtain compared to getting payments from private firms which may not have as huge coffers.

Gadang as a stock, first shot unto investors’ radar in 2014 where within the first six months of the year it had doubled to RM2.02 from RM1.01, after which it traded mostly range-bound before bouncing back in the third quarter of last year with interest gaining traction more recently.

At last look, the stock was traded at RM2.14, giving it a market capitalisation of slightly over RM500mil. It has gained 9% over the past one week. In its latest note to clients, research house JF Apex which tracks Gadang notes that it continues to “favour the group for its well-diversified business model as well as its ability to achieve growth across all divisions.”

“Looking forward, we are positive on Gadang’s earnings given the recent order book replenishment of RM560mil from Rapid projects and continuous sales activities generated by the flagship projects of its property segment.”

The research house has a target price of RM2.86 on the company’s stock.

For its second quarter ended Nov 30, 2015, Gadang made a net profit of RM17.7mil compared with a net profit of RM8.5mil for the same period, a year earlier.

It also has retained earnings totalling some RM195.8mil which gives it some form of leverage to pay out dividends and conduct other corporate exercises.

Notably, Gadang’s cash pile, which includes fixed deposits has dipped a little from six months ago, standing at RM205.4mil based on its latest accounts, from RM232.6mil before. While it was in a net cash position in the previous quarter, its latest accounts show that its total bank borrowings stand at RM246mil, which is higher than its current cash hoard.

The company recently announced that it proposed to undertake a private placement of up to 10% of the issued and paid-up share capital of Gadang to unnamed investors at RM1.85 per share.

Sources say the placement would be made to foreign parties.

Posted by 2721 > 2016-04-23 18:31 | Report Abuse

nice info, thx for sharing..

Posted by 2721 > 2016-04-23 18:33 | Report Abuse

which means v need to wait 3 months gadang oni fly high...hahaha

Posted by yeekarwai88 > 2016-04-23 19:27 | Report Abuse

which means all projects will announce witin 4months.
mrt2 next week.

Posted by Mohd Fahmi Bin Jaes > 2016-04-23 20:00 | Report Abuse

price too high. wait down

Posted by bluefun > 2016-04-23 20:05 | Report Abuse

flight is ready to take off, fasten your seat belt, kikiki

:)

Posted by 2721 > 2016-04-24 11:10 | Report Abuse

Hope is next week then

Posted by 2721 > 2016-04-24 11:11 | Report Abuse

Time is money

Posted by didi2005 > 2016-04-24 12:43 | Report Abuse

Next week quarter result out, if result good perhaps can break 2.25...

Posted by Thomaslimhg > 2016-04-24 20:21 | Report Abuse

Gadang 2.30 next week.

Posted by Mohd Fahmi Bin Jaes > 2016-04-24 20:22 | Report Abuse

not yet

Posted by tksw > 2016-04-25 10:52 | Report Abuse

bot a little bit at 213, 212 kenot get, now add 1 lot 214

Posted by tksw > 2016-04-25 11:15 | Report Abuse

Gadang stands a good chance to break out.

Posted by Mohd Fahmi Bin Jaes > 2016-04-25 11:39 | Report Abuse

break down 2.12
wait more more lower

Posted by yeekarwai88 > 2016-04-25 14:24 |

Post removed.Why?

Posted by tksw > 2016-04-25 14:49 | Report Abuse

waa...Fahmi sifu control Gadang price...

Posted by Mohd Fahmi Bin Jaes > 2016-04-25 14:50 | Report Abuse

2.11
down more. wait more down

Posted by tksw > 2016-04-25 14:51 | Report Abuse

Fahmi sifu, tolong kasi tekan lagi sikit. 207 bolehtak?

Posted by stocktrader3 > 2016-04-25 14:51 | Report Abuse

damn it, no more break out? kok onn appeared in news also no use.

Posted by tksw > 2016-04-25 14:52 | Report Abuse

Maybank throw down

Posted by yeekarwai88 > 2016-04-25 14:54 | Report Abuse

wa!someone block my comment.
too bad!

Posted by stocktrader3 > 2016-04-25 14:56 | Report Abuse

karwai sifu, what comment? insider news ah?

Posted by stocktrader3 > 2016-04-25 14:56 | Report Abuse

aiyo, like your FB is it?

Posted by yeekarwai88 > 2016-04-25 14:57 | Report Abuse

no la,i post my blog website so that ppl.can like my blog.
jilaka,dont knows who block my comment.

Posted by Mohd Fahmi Bin Jaes > 2016-04-25 14:59 | Report Abuse

2.10

Posted by yeekarwai88 > 2016-04-25 15:00 | Report Abuse

i think.is this fahmi block my comment

Posted by tksw > 2016-04-25 15:12 | Report Abuse

Fahmi sifu, threw down to 207 please, I've parked 500 units there waiting to buy

Posted by tksw > 2016-04-25 15:14 | Report Abuse

dapat 100 units 211 from RHB

Posted by didi2005 > 2016-04-25 15:22 | Report Abuse

Tksw sifu, i bot below 2.00...haha

Posted by tksw > 2016-04-25 16:54 | Report Abuse

today where got below 200, dun pian lang

Posted by yeekarwai88 > 2016-04-25 16:56 | Report Abuse

good，strong support.

Posted by tksw > 2016-04-25 16:57 | Report Abuse

Fahmi sifu not powerful enuf to drive Gadang down to 207. wait die me. closing 213 pulak,

Posted by 77huat77 > 2016-04-25 17:21 | Report Abuse

Please pray for good result

Posted by buddyinvest > 2016-04-25 17:37 | Report Abuse

Superb results!

Posted by 2721 > 2016-04-25 18:07 | Report Abuse

When result out,haha,waited since last Friday

Posted by yeekarwai88 > 2016-04-25 18:14 | Report Abuse

waiting.