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.

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

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

Base formation likely completed.

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.

Posted by sosfinance > 2019-03-31 12:05 | Report Abuse

Extract from Announcement@29 March 2019

In consideration of the Parties agreeing to the payment of the Final Outstanding Sum
via the contra of the Identified Retail Units, the Parties had simultaneously entered into
the Option Agreements and granted the relevant Parties the option to sell or buy the

Remaining Units during the Offer Period at the Option Purchase Price as follows:

RM312.0 million – (A + B + C + D)

Where
A = sum of APSB’s collection from CCPSB towards the settlement of the APSB
Entitlement Sum to the date of the Settlement Agreement;
B = Covenanted Sum to be disbursed to APSB;
C = proceeds raised from the sale of the Identified Retail Units before the Option is
exercised; and
D = Balance 1/3 Sum

(Basically changes in A, B, C and D figures from the variation, but total is about the same - but settle in a longer period)

Posted by klseinvestor18 > 2019-03-31 16:23 | Report Abuse

seem like not a good news for properties market

Posted by abang_misai > 2019-03-31 16:27 | Report Abuse

Good time to buy property. Many choices. No need hurry.

Oversupply will continue at least for the next 5 years,

Posted by kevin008 > 2019-03-31 17:32 | Report Abuse

87m + 47m profit to be recognised in future

Posted by kyy_superinvestor > 2019-03-31 22:49 | Report Abuse

I dun understand the news...can someone explain?

Posted by Starbuckee > 2019-04-01 09:10 | Report Abuse

disposal gain i suppose?

Posted by speedlikecy > 2019-04-01 10:22 | Report Abuse

https://www.malaysiakini.com/news/470289
121 BN-era projects greenlit after renegotiated savings of RM806m

more project continue, good for construction?

Posted by iyin666 > 2019-04-01 12:09 | Report Abuse

Why result of gtr ending 31/1/19 delayed? Problems?

Posted by speedlikecy > 2019-04-01 12:20 | Report Abuse

no so fast la, will release around 25th April.

Posted by iyin666 > 2019-04-01 14:14 | Report Abuse

Bursa rules say 60 days after qtr closing. Tis means that they hv to submit by 31/3/19 as Gadang closed their gtr on 31/1/19

Posted by speedlikecy > 2019-04-01 16:09 | Report Abuse

gadang qtr ending at 28-Feb-2019?

Posted by kent_1 > 2019-04-01 17:30 | Report Abuse

Their principal officer Mr Liew has been purchasing shares total (480k shares) in March (0.64-0.68). Am i right?

Posted by kyy_superinvestor > 2019-04-01 21:37 | Report Abuse

Tommorow I use five million to pump it up ..kekeke

Posted by Starbuckee > 2019-04-02 09:15 | Report Abuse

when he purchase, u know it's time to run.

Posted by bonbon > 2019-04-02 14:37 | Report Abuse

iyin666, Gadang quarterly result ends on 28th FEB, not 31st Jan. You can easily check it on Bursa,

Posted by speedlikecy > 2019-04-02 14:40 | Report Abuse

happy to see more ppl join here :)

Posted by handsomejs > 2019-04-03 21:17 | Report Abuse

Any good news here ? Pm me

Posted by freddiehero > 2019-04-03 22:04 | Report Abuse

fly liao fly liao..

Posted by Superb99 > 2019-04-04 06:29 | Report Abuse

No worry, will fly higher, gd TA and FA

Posted by Crash123456buil > 2019-04-04 10:37 | Report Abuse

Gadang shld come rm1.80... Gd PE, Eps

Posted by speedlikecy > 2019-04-04 10:44 | Report Abuse

engine slowly wake up, any news?

Posted by kamcheonghui > 2019-04-04 11:28 | Report Abuse

Some sifu what is Gadang TP? Uncle Koon will give TP.

Posted by Cxg888 > 2019-04-04 12:15 | Report Abuse

Tp 78

Posted by GeorgeToh > 2019-04-04 13:01 | Report Abuse

Gadang - construction good play,
Expect some growth for gadang.
2019 3rd qtr result expected to release on 23-April-2019

Posted by invest turtle > 2019-04-04 14:50 | Report Abuse

Kyy will buy this counter soon

Posted by kamcheonghui > 2019-04-04 15:31 | Report Abuse

Thanks Sifu I will continue to buy

Posted by ZhugeNemo > 2019-04-04 16:04 | Report Abuse

nice uptrend.
need to break 0.720 to continue uptrend

Posted by invest turtle > 2019-04-04 16:27 | Report Abuse

Last chance to buy at this price. Next week will be 0.80

Posted by Superb99 > 2019-04-04 17:49 | Report Abuse

i sold all, wait for next wave

Posted by SuperTraderT > 2019-04-04 23:34 | Report Abuse

Lol pe 5 wait what haha profit margin high

Posted by SuperTraderT > 2019-04-04 23:36 | Report Abuse

Order book 1.43 billion on hand

Posted by sosfinance > 2019-04-05 11:57 | Report Abuse

Extracted from announcement

Impact on Earnings
Basic EPS
 Audited consolidated PAT for the FYE 31 May 2018 (sen) 14.71
 Pro forma consolidated PAT after the Proposed Variation (sen) 27.92
 Pro forma consolidated PAT after the sale of the Identified Retail Units and/or
exercise of the Option and utilisation of proceeds (sen) 35.51
(No of shares, 658 million).

Posted by teo2894 > 2019-04-05 15:13 | Report Abuse

Take profit and run. Will buy again if drop below 0.7

Posted by kent_1 > 2019-04-05 16:46 | Report Abuse

i will hold and see till the QR release:)

Posted by Nicholasming91 > 2019-04-06 16:45 | Report Abuse

https://www.sinchew.com.my/content/content_2034171.html

Posted by c2k9791 > 2019-04-07 09:17 | Report Abuse

Maybank upgrate TP to 0.78

Posted by c2k9791 > 2019-04-07 09:21 | Report Abuse

Gadang break resistant with volume. Not easy to go down unless bad news next week.

Posted by sosfinance > 2019-04-08 10:34 | Report Abuse

With ECRL back, constructions sector will be more vibrant (hopefully). Based on the announcement, the profit recognition from the Capital City deal is minimum RM85m, max is RM135m as one off gain. Hopefully they can get around RM100 - 110m depends on the sale of units over next 3 years.

Posted by WiseVictor > 2019-04-08 12:50 | Report Abuse

Last Saturday PM confirmed that will build ECRL already, just that need to see how much will be the cost to build it only =D

Posted by ahming3359 > 2019-04-08 13:03 | Report Abuse

average .61 , hold or run first?

Posted by YoYo > 2019-04-08 13:32 | Report Abuse

support level should b .90

Posted by Happyman123 > 2019-04-08 23:07 | Report Abuse

ahming3359, still can hold for some time..yet to reach to the peak....

Posted by Ammar Roshidy > 2019-04-09 07:19 | Report Abuse

I agree with YoYo, Gadang should be at 0.90, Its still a very well managed company.

Posted by ZhugeNemo > 2019-04-09 18:28 | Report Abuse

tomorrow will be crucial to hold to maintain upward momentum

Posted by sosfinance > 2019-04-10 11:15 | Report Abuse

Capital City, in Tampoi will benefit if HSR is revived. It is 15 minutes away from Tampoi to Iskandar Puteri (station in Johor) on the west, and 15 minutes to Johor Bahru (on the west) where possible Singapore link of Rapid Transit System.

It smack right in the middle of Iskandar Puteri and Johor Bahru. Gadang's units, will be easier to sell (once release from mainly the Bumiputra's portion).