With so many projects secured in FY2017 (properties and construction), CAGR 15% of PAT is not a problem for FY16-FY19. Last 2 months, after the announcement of MRT2, price is hovering around RM1.30 per share.
Upside of 30-50% in next one or two years is not surprising. More importantly, it is traded at the lower range PE compared with other small construction companies (which margin or ROE or in net cash position).
Added some pop-corn and "chips" to watch the show.
recently developer of capital city are listed on singapore exchange . hope this time gadang can really can receive the payment from capital city project. hope gadang can be another gkent with market cap 1.2-1.5 billion.
gadang team up with china railway just recently.. something is under discussion.. if you can relate whats their plan, then you will choose to stay.. haha do some homework..
Over the weekend, local newspapers covered several “what if” scenarios following the termination of the share sale agreement (SSA) of the 60% stake in Bandar Malaysia to IWH-CREC consortium.
Developer TRX City recently said that a new tender for the Bandar Malaysia masterplan will be launched.
“On the surface, this may turn out similarly to the parceled tenders by Kwasa Land for the RRI land in Sungai Buloh. We expect more news from TRX City in coming weeks,” CIMB said.
Gadang Holdings Berhad ("Gadang" or "the Company") is pleased to announce that Gadang CRFG Consortium Sdn Bhd, a 51:49 joint venture company between the Company's wholly-owned subsidiary, Gadang Engineering (M) Sdn Bhd and CRFG Malaysia Berhad, has accepted the award of contract from TRX City Sdn Bhd to undertake the works known as "The Execution and Completion of Works for Cadangan Penyuraian Trafik Dan Kerja-Kerja Menaiktaraf Jalan Tun Razak Dari Jalan Langgak Golf Ke Bulatan Kampung Pandan Kuala Lumpur (Package 2) Untuk Tetuan TRX City Sdn Bhd" ("Project"). The contract sum for the Project is RM327,905,000.
The Project is expected to contribute positively to the future earnings of Gadang Group.
None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the Project.
some infra work even can hit 20% margin ...i use 15% more fair .. so weird why didn't mentioned completion period one..15 mths assumption ok or not hehe?
Btw, I remember before 1Q17 result release, Koh Onn sold his shares and said to have some pocket money back. And now definitely he knew Gadang won the new contract and buy the shares before this new released, is it still considered as good integrity/act?
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....
Ryan88
1,327 posts
Posted by Ryan88 > 2017-05-08 16:43 | Report Abuse
Mrcb also another bomb. Better avoid