the uptrend is damaged now. the only possible short term catalyst is if they win some big construction package. coming QRs could still surprise on the downside
A Super Investor: The super investor will study the case carefully and he sets a realistic target price after taking into consideration of its 40.7 sen EPS, the bonus shares, bonus warrants and its future profit growth in the construction business. Moreover, Gadang was awarded the contract to develop 24.5 acres of Kwasa Land within 20 years. Although property market is currently not so good, Gadang did not pay for the land. Gadang can wait while the land value appreciates. Can you imagine how much the land appreciates in 10 or 20 years?
I think Gadang will go above Rm 4.00 easily at P/E 10.
Can you find another share selling at P/E 10 with such good profit growth prospect?
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....
Mohd Fahmi Bin Jaes
29,671 posts
Posted by Mohd Fahmi Bin Jaes > 2016-10-28 09:17 | Report Abuse
2.95