gadang earning is derived from 3 sources, 1;property,2: govt infrastructure contracts ,3 utulity.if our country sinks deeper in economy contraction due to lower revenue from petroleum; govt would reduce infra-structure spending, on top of this, the 6%GST , and rising inflation based on ,weak ringgit have already killed the domestic consumer market, .....
Gadang already knows that affordable housing is the way to go in this tough times. I foresee more and more measures by government going forward is going to benefit affordable housing sector/first time house buyer.
“We are a niche developer and we don’t accumulate land bank. We choose to do a development based on the location and product. Hence, we don’t foresee any issue in selling the products we are planning to launch in the next three years,” he remarks.
“Basically, we don’t go for super high-end developments. We go for something affordable yet of good quality as we believe the market for these products is always there. That is the segment we are concentrating on.”
2) Govt infrastructure contracts
Government infrastructure projects are the only positive economic driver in current tough times. There is no way they will cut spending on this. It is NEEDED to drive domestic growth while commodity and export are weak.
wat affordable housing? with banks running out of funds,all i see, banks like malayan banking, cimb bank,shutting down branches,expecting very cold winter approaching. Government ? wat a misjudgement , it is already in deep shit, with 1mdb
enning22... can you please give some objective evidence that maybank is closing down its branches... i heard they "relocating the new branches" and they been doing it all the time....
Relax enning.. this is not Maybank.. this is Gadang's forum. Looks at its low P/E. Even if (I say, if) its earnings drop by 50%, its P/E is still within or below when compared to some of its peers. Also share split, bonus issues and warrants very soon. Cheers.
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enning22
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Posted by enning22 > 2016-09-22 16:15 | Report Abuse
gadang earning is derived from 3 sources, 1;property,2: govt infrastructure contracts ,3 utulity.if our country sinks deeper in economy contraction due to lower revenue from petroleum; govt would reduce infra-structure spending, on top of this, the 6%GST , and rising inflation based on ,weak ringgit have already killed the domestic consumer market, .....