This stock for sure is undervalued stock, but not suitable for short term goreng style gambler. If you really want to invest, prepare to hold for months or years. Mid term 0.7-0.8, long term above 1.00 is possible.
Anyone going AGM?If yes can help me ask that old man boss,why Annual report said so positive and yet quarter report does not match what they foresee.And how come cash flow in operating become negative?Haha and if can,don't approve their director fee
Gadang unsure of participation in property crowdfunding
KUALA LUMPUR: Construction and property player Gadang Holdings Bhd said it is still early to tell whether the group will participate in the property crowdfunding platform, dubbed FundMyHome scheme announced in Budget 2019.
“At this juncture, it (the scheme) is still very sketchy and it needs the SC’s approval for the parties to come in,” its managing director of property division Datuk Ling Hock Hing told reporters after the group’s AGM today.
“There are a lot of talks in the market now, some are pro and some are negative. So we need to find more details and information on this (scheme),” Ling added.
The Securities Commission Malaysia (SC) recently said that it will facilitate the establishment of the property crowdfunding framework, which is expected to come into effect in the first quarter of 2019.
Meanwhile, Gadang is planning to launch three housing projects in its financial year 2019 with a total gross development value (GDV) of RM392 million.
The group currently has approximately 310 acres of undeveloped land with remaining GDV of RM2.9 billion.
Gadang eyes projects in Sarawak following record budget announcement
KUALA LUMPUR (Nov 7): Sarawak's record high budget of RM11.914 billion announced for the year 2019, the bulk of which is for development expenditure, is attracting construction engineering firms like Gadang Holdings Bhd, which is now hoping to get a slice of the state's spending.
Of the state's total budget, RM9.073 billion — including a federal fund of RM260 million — will be allocated for development expenditure, while RM2.841 billion will be for operating expenditure.
Gadang's construction division managing director Khew Check Kiet said he expects a lot of projects to be rolled out in Sarawak, some of which the group hopes to secure to drive growth for its order book and revenue.
"There is huge potential in East Malaysia as the state government of Sarawak has just rolled out a 2019 budget of about RM9 billion to be used in development expenditure. Thus, there are a lot of opportunities for us (going forward)," Khew told a press conference after the group's annual general meeting today.
Khew said the group is also participating in the tender of four projects for the Pan Borneo Expressway in Sabah, which he believes will be a positive catalyst for the group.
In all, the group is now bidding for about RM2 billion worth of projects, including the four Pan Borneo Expressway projects, as well as the MARA Science College in Sabah. Its order book now stands at RM1.5 billion.
At 12.30pm, Gadang's share price was trading 1.5 sen or 2.38% higher at 64.5 sen, valuing the group at RM426.8 million.
Hard lar, a West penisular company hard to get the deal from pan Borneo states, sure will give to their local construction company first in their states.
As usual after div. payment the prices will fall. Better not to give dividends. company should have kept the money to sustain the share prices unless it is ready to fold.
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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....
Calvin882
1,562 posts
Posted by Calvin882 > 2018-10-29 19:31 | Report Abuse
Better don't expect much. Construction sector is already doomed, coupled with poor global economy.