GADANG HOLDINGS BHD

KLSE (MYR): GADANG (9261)

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Last Price

0.32

Today's Change

+0.005 (1.59%)

Day's Change

0.32 - 0.335

Trading Volume

1,488,800


38 people like this.

37,595 comment(s). Last comment by geary 1 month ago

WiseVictor

148 posts

Posted by WiseVictor > 2019-03-12 17:09 | Report Abuse

Bought Gadang all the way from 0.7 to 0.48, have faith on this undervalued stock =)

gutt

169 posts

Posted by gutt > 2019-03-13 08:36 | Report Abuse

sudah mari.

skl6097

108 posts

Posted by skl6097 > 2019-03-13 09:18 | Report Abuse

goreng?

lkoky

539 posts

Posted by lkoky > 2019-03-13 09:20 | Report Abuse

getting hot

Aiw Siow

214 posts

Posted by Aiw Siow > 2019-03-13 09:22 | Report Abuse

Fire in hole

Posted by BOBOINDIAN > 2019-03-13 09:26 | Report Abuse

wah

dknycom

1,235 posts

Posted by dknycom > 2019-03-13 09:29 | Report Abuse

powerfull today

Posted by 一卖 就涨 > 2019-03-13 09:29 | Report Abuse

Sell ur underwear sailang

Patrick13

1,971 posts

Posted by Patrick13 > 2019-03-13 09:39 | Report Abuse

Volume today so high. Buy queue > sell.

Posted by cheung882 > 2019-03-13 09:46 | Report Abuse

any good news?

lkoky

539 posts

Posted by lkoky > 2019-03-13 09:48 | Report Abuse

buy on rumours, sell on news
news not out yet.

amet2017

3,150 posts

Posted by amet2017 > 2019-03-13 09:48 | Report Abuse

no news..goreng only

Posted by cheung882 > 2019-03-13 10:05 | Report Abuse

hope something big is coming.......

Posted by 430204813832245 > 2019-03-13 10:26 | Report Abuse

Yup big big good news ....buy

Posted by cheung882 > 2019-03-13 10:32 | Report Abuse

then sailing!!

Vxturbo

397 posts

Posted by Vxturbo > 2019-03-13 13:08 | Report Abuse

可以炒到多少钱呢?

ahson

368 posts

Posted by ahson > 2019-03-13 15:07 | Report Abuse

runnnnnnnnnnnnnnnnnnnnnnnnnnnnn

ViWizard

780 posts

Posted by ViWizard > 2019-03-13 16:42 | Report Abuse

this counter back? haha

Posted by kakisaham78 > 2019-03-13 16:52 | Report Abuse

tomorrow going up like dayang

Patrick13

1,971 posts

Posted by Patrick13 > 2019-03-13 17:06 | Report Abuse

YTD Gadang-WB return > 100%.

sciwalker

66 posts

Posted by sciwalker > 2019-03-13 17:44 | Report Abuse

Any good news any good news? Can share share?

skl6097

108 posts

Posted by skl6097 > 2019-03-14 10:13 | Report Abuse

1 day show only???

Posted by kakisaham78 > 2019-03-15 10:00 | Report Abuse

up again

vivi8888

55 posts

Posted by vivi8888 > 2019-03-15 15:17 | Report Abuse

next dayang

Superb99

6,611 posts

Posted by Superb99 > 2019-03-15 16:31 | Report Abuse

it won't be 1 day show, lets see next week

ZhugeNemo

208 posts

Posted by ZhugeNemo > 2019-03-16 21:15 | Report Abuse

Eager to see how will market digest the high volume due next week

ahwong

105 posts

Posted by ahwong > 2019-03-16 21:28 | Report Abuse

80% break 0.71 on Monday, it will test 0.75.

Posted by 430204813832245 > 2019-03-17 21:33 | Report Abuse

monday 0.85

chesslim

892 posts

Posted by chesslim > 2019-03-19 11:55 | Report Abuse

today buy at 0.655, than waiting up, hahahahaha.

Superb99

6,611 posts

Posted by Superb99 > 2019-03-20 08:23 | Report Abuse

This counter is also another gem, good TA and FA, hope just price adj to chase away weak holders...all the best

Posted by speedlikecy > 2019-03-20 11:31 | Report Abuse

agree, need to have patient with this counter.

boon1515

428 posts

Posted by boon1515 > 2019-03-20 15:14 | Report Abuse

head and shoulder bottom breakout and pull back to 635 below neckline a bit, rebound, continue =)

YoYo

28 posts

Posted by YoYo > 2019-03-20 16:11 | Report Abuse

much better than Ekovest

Posted by SuperTraderT > 2019-03-20 17:20 | Report Abuse

Gadang gogogo undervalued and super good company all prospect healty

Posted by investor8872 > 2019-03-20 17:48 | Report Abuse

hopefully

ZhugeNemo

208 posts

Posted by ZhugeNemo > 2019-03-21 07:46 | Report Abuse

High volume Spike well absorbed, potential uptrend once new base is formed

Superb99

6,611 posts

Posted by Superb99 > 2019-03-21 17:25 | Report Abuse

Dun k, just wait

Superb99

6,611 posts

Posted by Superb99 > 2019-03-22 15:05 | Report Abuse

Doomsday

Superb99

6,611 posts

Posted by Superb99 > 2019-03-24 01:14 | Report Abuse

Slow

Superb99

6,611 posts

Posted by Superb99 > 2019-03-25 11:27 | Report Abuse

average at 0.64, down below 0.575, bye bye

JUUN

38 posts

Posted by JUUN > 2019-03-25 13:05 | Report Abuse

zzzzz....

Ron90

4,129 posts

Posted by Ron90 > 2019-03-28 00:53 | Report Abuse

buy

Superb99

6,611 posts

Posted by Superb99 > 2019-03-28 11:00 | Report Abuse

Still waiting it to boom but mkt is too poor... Gd company also zzz

Posted by kyy_superinvestor > 2019-03-28 21:41 | Report Abuse

I heard ecrl will be awarded to gadang

sciwalker

66 posts

Posted by sciwalker > 2019-03-28 23:47 | Report Abuse

Wah sure or not? Say lie got negative karma you know..

Posted by Ammar Roshidy > 2019-03-29 09:11 | Report Abuse

Najib's ECRL was a dream package, that includes everything from china, the crew, workers, cement, piling machines, trucks, bolts and nuts, even safety shoes and underwear from china. The only stuff from Malaysia is Utang. Then just sit back and relax everything China will do. PH 's govt. Gadang has a chance to participate. SO LETS SEE FIRST LAH.

SK1200

858 posts

Posted by SK1200 > 2019-03-29 12:27 | Report Abuse

Good entering volume..1st TP 0.67

Posted by speedlikecy > 2019-03-29 12:51 | Report Abuse

Hope hope

ZhugeNemo

208 posts

Posted by ZhugeNemo > 2019-03-30 11:39 | Report Abuse

Base formation likely completed.

Patrick13

1,971 posts

Posted by Patrick13 > 2019-03-31 10:58 | Report Abuse

https://www.theedgemarkets.com/article/gadang-varies-jv-terms-rm18b-project-partner-seeks-more-funds-complete-it

KUALA LUMPUR (March 30): Gadang Holdings Bhd has proposed to vary certain terms of its joint venture agreement (JVA) involving a RM1.8 billion integrated project being developed on its land in Johor Bahru, chief of which is a reduction to its entitlement from the project from a maximum of RM324 million to RM250 million.

Up until March 21 this year, the project's developer, Capital City Property Sdn Bhd (CCPSB), had paid RM149.79 million to Gadang's wholly owned Achwell Property Sdn Bhd (APSB), which owns the land, for the settlement of the initial entitlement sum. Under the proposed variations, the revised remaining entitlement will be RM100.21 million, which will now be satisfied via the contra of 408 identified, completed retail units that have not been sold (identified retail units), Gadang announced in a stock exchange filing.

In return, APSB agrees to transfer the legal and beneficial ownership of the land to CCPSB, who intends to use it to raise additional financing to complete the remainder of the project, and to fund the operations of its retail component. Upon the first drawdown of the facility, CCPSB will pay APSB a covenanted sum of between RM20 million and RM35 million, depending on the amount of CCPSB's approved loan. On receipt of the covenanted sum, APSB will then select from the identified retail units and return them to CCPSB.

In addition, APSB will be granted a put option which gives it the right to sell and require CCPSB to buy any unsold units during a stipulated option period, at a price that will enable APSB to realise a total cash of RM312 million at the end of the period. At the same time, CCPSB will get a call option that gives it the right to buy and require APSB to sell to it the remaining units during the option period at the same option purchase price.

APSB, who inked the original JVA with CCPSB in December 2013, on Friday entered into a conditional settlement agreement, a conditional put option agreement, and a conditional call option agreement, to incorporate the proposed variations.

Gadang will be calling for an extraordinary general meeting to seek its shareholders' approval for the proposed variations.

Gadang said the proposed variations stemmed from a request from CCPSB, who is responsible for the overall development, construction and funding of the project, to transfer the land to CCPSB to raise additional financing to complete the project, the progress of which has been affected by the slowdown in the local property market.

Only the retail component is completed to date, while the completion of the entire project is expected to be delayed and completed only after the original due date of Feb 25, 2020, it said.

The weak demand and the oversupply of office has also led to the revision of part of the projects, in particular the cutting out of three office towers. The original two 15-storey hotel suites have also been reduced to one 16-storey tower, with the addition of one 18-storey serviced suites tower, and three 15-storey serviced apartments.

Gadang said the settlement agreement and the contra of the identified retail units may lead the group to enjoy potential future capital appreciation, as the value of the identified retail units in the contra is about 40% lower than the current transacted price of the units.

"However, in the event APSB is unable to sell the identified retail units to third party purchasers, the option agreements provide APSB with the opportunity to realise its investment in the identified retail units at the option purchase price. Further, the settlement agreement is also conditional upon CWL (Capital World Ltd), the ultimate holding company of CCPSB providing a letter of guarantee to APSB to guarantee the performance and payment of the option purchase price by CCPSB under the option agreements," it added.

If approved, the proposed variations are expected to be implemented by the third quarter of this year.

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