Posted by yeekarwai 95 > 2018-01-24 18:09 | Report Abuse

2% incremenr in profit

Posted by kidman > 2018-01-24 18:11 | Report Abuse

maintain only wo

Posted by HuatRex > 2018-01-24 18:28 | Report Abuse

Very disappointed result

Posted by Dylan Yong Hua Tai > 2018-01-24 18:39 | Report Abuse

HuatRex, why disappointed? the result still good ma... if can maintain EPS for the following quarter mean this year EPS will be at 16cents. With PE 8, and share price will be at 1.28. ... if this year getting new project ... then if is easily above 1.30.

Posted by sosfinance > 2018-01-24 18:59 | Report Abuse

The PBT for 1H, construction:property ratio is 70:30 vs 40:60 (last year), it is good (Construction enjoy higher PE). Looks like Capital City's recognition will only be in over the 2nd Half, likely will be a bulky one. With construction improving + exceptional gain from Capital City = good prospect.

Valuation does not determine the timing of share price movements. Price are also effected by elements not easily measurable like liquidity, popularity, volatility and sentimentality. However, in the long run, the price will catch up with the intrinsic value of the company as its fundamental keep improving.

Posted by amet2017 > 2018-01-24 19:03 | Report Abuse

Ya penerangan yang bagus

Posted by Zai Zai > 2018-01-24 19:04 | Report Abuse

Summary

1. 1 time esos expenses
2. higher finance cost to fund property dev
3. 1 time unrealise loss on foreign exchange

4. Good PBT & NP margin.
5. Property unbill sale rejunevate

Posted by Zai Zai > 2018-01-24 19:05 | Report Abuse

definitely a yes for me

Posted by SmartyAlek > 2018-01-24 19:18 | Report Abuse

the Quarter Eps is considered very good for the price of 1.14. fair value should be above 1.20

Posted by godhand > 2018-01-24 19:28 | Report Abuse

it will jump to 1.20

Posted by yeekarwai 95 > 2018-01-24 19:29 | Report Abuse

not good meh?i feel ok wow.

Posted by jibbie > 2018-01-24 19:35 | Report Abuse

good result. buy and keep in closet

Posted by keke > 2018-01-24 19:47 | Report Abuse

this quarter got recognize 1.3 mil loss on plantation sale ya....excluding this almost challenging gadang historical highest quarterly earning....this kind of result, this kind of price, cannot die wan lah.

Posted by Patrick13 > 2018-01-24 20:22 | Report Abuse

Debt to equity ratio increased from last Q of 0.33 to current quarter of 0.42 due to increased bank borrowings to finance IP in Damansara Perdana of RM45 million. However, working capital ratio still above 3.0 and is healthy position actually.

Posted by Dylan Yong Hua Tai > 2018-01-24 20:40 | Report Abuse

ValueMaker78, I also felt confuse why the book order reduce but revenue no catch up.... any sifu can have better explanation on this one?

Posted by Lew Chin Hoong > 2018-01-24 21:10 | Report Abuse

unrealised loss on foreign exchange of RM2.12 million on utility division :( , the appreciation of MYR is hurting the profit from Indonesia. but the recurring income are expect to increase this year and the mini hydro project will start contribute at 1st quarter of 2019.I believe the earning of utility division at 2019 definately better.

Posted by Halite > 2018-01-24 21:10 | Report Abuse

year to year improve 55%, quarter to quarter improve 2 % , why no good ?

Posted by Halite > 2018-01-24 21:14 | Report Abuse

expecting more contribution from capital mall in the 2H,
better earning for Q3
conclusion : GOOD

Posted by sosfinance > 2018-01-24 21:43 | Report Abuse

@Dylan+@Value One of the contract secured from TRX City is RM327m, Gadang:CRFG, 51:49. Effectively Gadang's portion is RM167m.

Last 3 years average construction PBT Margin is 16% p.a. 1H FYE2018 is 26%.

FYE 2018 estimated > FYE2017 by RM10-20m

Posted by Larrytrader > 2018-01-24 21:46 | Report Abuse

Good result I guess

Posted by ihelpyouUhelpme > 2018-01-24 22:02 | Report Abuse

in utility division, there is too much difference in earning. can strengthening of ringgit make so much difference?

Posted by Lew Chin Hoong > 2018-01-24 23:00 | Report Abuse

@ihelpyouuhelpme, it writen in their quarter report statement, i have no idea how can a foreign exchange lost for RM2.21million. but they mention the earning will be increase in the subsequent quarter.

Posted by ming > 2018-01-25 00:12 | Report Abuse

Raw material & labour cost up also cant affect the profit margin.. kuat!

Posted by Jarklp > 2018-01-25 00:27 | Report Abuse

Anyone knows what is in "other expenses" - Went up Rm2.8m this quarter. Other income came down... These two items are causing the q-o-q performance lower by RM4.4m .

Drawing down RM92m of bank loan.. paying about 5%-7% interest when they have more than RM200m cash is earning 3%. Wonder why they keep so much cash?

Posted by Dylan Yong Hua Tai > 2018-01-25 07:17 | Report Abuse

Jarklp, cash is blood for a company especially construction field. More cash mean more blood circulation for company to turn over in short term. It is good for a construction company to hold cash and it is also as pool of armor for them to bid for new project.

Posted by gooman > 2018-01-25 08:14 | Report Abuse

Kesm is a good buy . It focuses on automotive applications in the semiconductor industry. Its outlook is very good after the recent AGM.

Posted by racheal > 2018-01-25 08:30 | Report Abuse

Was looking good at HUAYANG but plan to cut loss now. Very disappointing performance. Keep dropping.

Posted by Patrick13 > 2018-01-25 08:31 | Report Abuse

Based on latest AGM data (shared from bluefun post), the actual construction order books shall be RM1.6-1.7mil:

RM'mil AGM Fact / Actual Contract Amt
KVMRT V206 = 933.7 / 952.09
RAPID 301 & 402 = 103.8 / 560.13
Cyberjaya Hospital = 475.0 / 475.00
TRX = 166.6 / 167.23 (51% of 327.91)
Total = 1,679.1 / 2,154.45

And do note that TRX is JV project, the profit will reflect in the "share of results of JV" item in the P&L. Hence it's revenue wont included into the top line revenue.

Posted by pc_FA > 2018-01-25 12:14 | Report Abuse

http://klse.i3investor.com/blogs/20102017/145303.jsp

Posted by THSSHT > 2018-01-25 12:54 | Report Abuse

券商看好GADANG盈利 目标价调高至RM1.48
25/01/2018

丹斯里郭安是大马企业界老兵，他在建筑业名声很响，他发迹於九十年代，他曾到中国发展，後来回国再战江湖，并掌控嘉登控股（GADANG 9261），近年郭安的女儿已接棒，管理嘉登。

过去一年来嘉登股价表现平平，踏入二零一八年，嘉登再受注目，RHB证券研究今早发布的报告，跟进嘉登，建议买进，给於目标价RM1.48。

报告发出给RHB证券顾客後，嘉登的股价微涨3仙至RM1.17，截至十二时卅分共有198万股易手。

RHB证券为何看好嘉登控股呢？主要还预测嘉登盈利将改善，因此调高其目标价格。

该券商指出，嘉登目标价格将反映二零一八年预测盈利九倍本益比，相比小资本建筑领域平均十至十二倍本益比，嘉登存在上涨空间。

「我们看好嘉登盈利，主要是手上合约价值合理，它过去的记录反映其执行很强，当然，它的风险就是工程合约赚幅较低。」

RHB证券表示，嘉登目前股价反映七倍本益比，并没有反映其价值

Posted by pc_FA > 2018-01-25 15:13 | Report Abuse

https://www.klsescreener.com/v2/news/view/335101/rhb-research-raises-gadang-target-price-to-rm1-48

Posted by SmartyAlek > 2018-01-25 20:18 | Report Abuse

add more tomorrow

Posted by ajack > 2018-01-25 20:32 | Report Abuse

This gadang stock test patience one. If cannot tahan don't buy.

Posted by Junior7 > 2018-01-25 21:58 | Report Abuse

Add more. Sooner later nomore below 1.20

Posted by 牛角胜tanduklembu > 2018-01-25 22:01 | Report Abuse

2018 嘉登已有一个工程，还没出，耐心等，一定有！

Posted by 牛角胜tanduklembu > 2018-01-25 22:03 | Report Abuse

已有工程，耐心等。

Posted by yeekarwai 95 > 2018-01-25 22:35 | Report Abuse

insider news?

Posted by sell > 2018-01-25 22:51 | Report Abuse

If BN lose in GE 14 expect trouble.

Posted by ihelpyouUhelpme > 2018-01-25 23:32 | Report Abuse

as a stock investor, i hope BN wins; as a citizen, i hope BN be end. What a dilemma haha.
but if BN lose, maybe we can sapu when drop. because contracts have been signed and revenue will be realised. just my opinion...

Posted by sosfinance > 2018-01-26 14:38 | Report Abuse

MD bought 6.6m shares last 6 months (DIRECT INTEREST), about RM1.10-1.30 (equivalent to about RM3.20 including bonus, split, dividend). The last time he sold (DIRECT INTEREST) was in Sep 2016, at about RM2.90. I remember he mentioned, his DIRECT INTEREST is for pocket money.

I remembered he was "laughed at" for investing (c. 20%) in GPacket at around 30sen, now is about 56sen, and I think he is laughing to the bank. I think he doubled in less than 4 years. As far as I know, he is very conservative MD.

Last 2 years, he bought almost RM160m of land, for long term development. Remember, many years back, Gadang invested into Tampoi land, Johor for RM30m, now, share of profit for the land is RM320m. Make 10-fold, not too bad. Good thing, it is risk free, only provide land, and able to share up to RM320m. Perhaps, this is called foresight?

Posted by Patrick13 > 2018-01-27 11:54 | Report Abuse

True. Kok Onn is not smart or intelligent guy. He just doing the right thing at the right time.

Posted by Beginner18 > 2018-01-27 21:00 | Report Abuse

This stock may need to keep for long term. 6mth to 1 yr to able to see got profit.

Posted by sosfinance > 2018-01-28 08:23 | Report Abuse

Perhaps, the Company should consider to do a share buyback (since it is below its intrinsic value).

Posted by 牛角胜tanduklembu > 2018-01-29 18:02 | Report Abuse

low buy high standby,that is all.

Posted by Dylan Yong Hua Tai > 2018-01-30 08:23 | Report Abuse

lembu, do you know how big the project that Gadang currently granted ?

Posted by pc_FA > 2018-01-30 20:26 | Report Abuse

https://www.klsescreener.com/v2/news/view/337025/嘉登次季赚2837万

Posted by Larrytrader > 2018-01-30 20:48 | Report Abuse

Old news

Posted by 牛角胜tanduklembu > 2018-02-01 14:47 | Report Abuse

lu yi tong ,xing wei cu, 高度保密，勿弄坏康头。OK

Posted by kidman > 2018-02-02 13:55 | Report Abuse

Any reason with today price drops? Something is not right?

Posted by yeekarwai 95 > 2018-02-02 14:01 | Report Abuse

T+4