I don't understand why need to be so negative. Allow me to share my humble analysis of the result:
Net profit was dragged by property profit margin. You have to understand last year exceptional good margin (>40%) was mainly driven from capital 21. Comparing with preceeding quarter (Qtr 4 2015) or in fact comparing with the last 3 qtrs, the profit margin is actually not much different, hovering between 23% to 28%. The good note is revenue is increasing. This quarter result will be the last quarter result where performance of property division need to be benchmarked against those exceptional profit margin which is the first 3 quarters of 2015.
This time construction division is showing strong profit margin, revenue is only 42 mil (vs 105 mil) but net profit is even better than last year. I view it as positive because order book is not greatly reduced. This will buy us some time while waiting for order book replenishment. I believe the remaining 600 mil order book most likely going to produce high margin because most of them are near to completion phase.
After the latest quarter Eps is at 32 ~ then again this year revenue is top notch. At least I know gadang is not badly affected like the other company now then the quarter is out. Even with the latest quarter the FA still looks sound.
for all speculator retailer , pls read Mr Fong article carefully , why always herd instinct ,buy & hold good fundamental company & let profit run . if u dont believe Mr Koon, u should believe Mr Fong. he hold 5 million share of gadang. it is up to u if panic sell tomorrow. i hane more than 10% of Mr Fong own. i still will dumb dumb hold ..cheers...(^-^)
for those bad mouth on Mr Koon, pls check your own CARG result before criticise him. AS Mr Fong say, dont blame others if u lose money because of some people recommendation. buy on your own risk.
time will tell , whether gadang can reach 4.00 (market cap 1 billion ) at 2017.
Gadang's main card is Bonus, Share Split, Free Warrant and Dividend. Contstruction company results up down up down Qtr to Qtr. tomolo Gadang is at the mercy of Penggoreng Gadang...
Guys.. those that decided to hold.. pls hold. Those that prefer to sell.. then sell.. but do not do it in a panicked way bcoz it will cloud your best judgement. Pls do so at yr calmest as possible ya.
Those who want to buy tomorrow, please queue at lower price a bit so that the gap down will be huge. Maybe if lucky can get at RM2.50. Make it grossly oversold.
Buy Gadang for what? See my previous post. There is one more share that I am currently holding. Other than that I have Ambank and power root. Ambank brought during 1mdb news and power root due to its good dividend and good product targeting the majority. Brought that during recent purging.
"According to its filing to the bourse today, the construction and property player’s revenue for the quarter fell to RM104.6 million from RM149.38 million due to lower revenue inflow from its construction division. This was mainly due to the completion of some projects, the company said." - http://www.theedgemarkets.com/my/article/gadang-sees-1q17-net-profit-tumble-20
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....
Invest1188
772 posts
Posted by Invest1188 > 2016-10-27 19:47 | Report Abuse
Why he recommend another flb