Posted by kancs3118 > 2020-05-13 21:42 | Report Abuse

Me is i3 certified entertainer ...make your stay here at Gadang enjoyable and memorable

Posted by kancs3118 > 2020-05-13 21:43 | Report Abuse

Let me help Armageddon ....blow Gadang to below RM0.30

Posted by kancs3118 > 2020-05-14 06:55 | Report Abuse

Ohhh Armageddon...you see..I promised you ...blow Gadang to below RM0.30... now, Dow Jones has dropped steeply today...Gadang is next to drop....
Thank me ohhh

Posted by kancs3118 > 2020-05-14 10:48 | Report Abuse

Raja cakap ketam...hahaha

Posted by Armageddon > 2020-05-14 17:58 | Report Abuse

kancs3118 I very pissed now! When the bloody Gadang stock gonna drop to below 0.30 niamah! DJ drop more than 500 points,still can't sink this baby how kanasai!!!

Posted by Keyman188 > 2020-05-14 18:07 | Report Abuse

Don't dream lahhh......kekeke...kekeke...

Have you seen last min 4.50pm......"Big Players" one short jumped up from 0.390 & taken 0.400 for closing ??????...........some more not small portion, quiet substantial volume.......kekeke...kekeke...

Posted by kancs3118 > 2020-05-14 18:07 | Report Abuse

@ Armageddon....kanasai....I guarantee you , tonite DJ will drop like a rock...below by 1000 points...guarantee you tomorrow, Gadang sure Lou sai.....until RM0.20 and below...

Posted by Keyman188 > 2020-05-14 18:10 | Report Abuse

I also everyday parking from 0.380...0.370...0.360...0.350...0.340...

Today only small little ball touched 0.385......

I more sien liao...........kekeke...kekeke...

Posted by liewwl2004 > 2020-05-14 18:13 | Report Abuse

Gadang QR out.

Posted by Keyman188 > 2020-05-14 18:16 | Report Abuse

Currently I deploy my funds into 3 main small cap construction counters......

1) Gadang

2) Muhibbah

3) KimLun


Shortlisted : CMSB (already earned 1st round from 0.840 & let go 1.265.....kekeke...kekeke...)

Posted by apolloang > 2020-05-14 18:17 | Report Abuse

this cow dung I no want....hehe

Posted by Keyman188 > 2020-05-14 18:20 | Report Abuse

Haa...haa... I more prefer typical "China Man" controlling the ship......

That's why this below counters selected are all same manner......kekeke...kekeke...



Posted by Keyman188 > May 14, 2020 6:16 PM | Report Abuse X

Currently I deploy my funds into 3 main small cap construction counters......

1) Gadang

2) Muhibbah

3) KimLun

Posted by khpwwl > 2020-05-14 19:57 | Report Abuse

Gadang wouldn't drop to 0.30 lah..... Ma ma wait lah

Posted by Keyman188 > 2020-05-14 20:11 | Report Abuse

Gadang 3Q net profit dragged down by construction division

theedgemarkets.com / May 14, 2020 19:56 pm +08

KUALA LUMPUR (May 14): Gadang Holdings Bhd’s net profit fell 24.6% to RM10.03 million in the third quarter ended Feb 29, 2020 (3QFY20), from RM13.3 million in the same period last year, mainly due to lower earnings from the construction division.

Quarterly revenue, however, was up 3.32% to RM212.14 million, from RM205.33 million, according to a filing with Bursa Malaysia today.

For the cumulative nine months ended Feb 29, 2020, its net profit slipped 23.79% to RM35.72 million, from RM46.87 million last year, while revenue grew 10.83% to RM557.46 million, from RM502.99 million.

Gadang attributed the lower earnings for the period to lower profit margin reported for ongoing construction projects, fair value loss on quoted investment of RM6.80 million and an expense of borrowing cost on investment properties of RM1.65 million.

The movement control order (MCO) since March 18, 2020 has impacted the group’s construction and property development projects, with the sudden suspension of its ongoing activities.

While the operations have since recommenced, strict standard operating procedures disrupted operational efficiency, resulting in sub-optimal utilisation of assets and the dislocation of resources.

As a result of the MCO and conditional MCO (CMCO), the construction and property divisions have experienced delays in completing its projects on schedule.

On prospects, as the construction division’s existing outstanding order book stands at RM887 million, this would sustain its operations for the next two years, Gadang said. However, it cautioned that the award of new large infrastructure contracts has been slow, saying this will be “a major challenge for the division”.

For the property division, it has total unbilled sales of RM107.8 million.

While the sales of its townhouse project in Putra Perdana was encouraging prior to the implementation of the MCO, Gadang said the freeze on selling activities during the MCO and CMCO, as well as the lower economic activity in the foreseeable future, will have a significant impact on property sales.

“Management will continuously evaluate its current ongoing projects and new launch initiatives, in order to sustain its operations,” the company added.

Gadang noted that its utility division’s concession water treatment assets have not been significantly impacted by the Covid-19 pandemic in Indonesia and will continue to contribute a sustainable income stream to the group.

“The construction of the 9MW mini-hydro power plant in Lintau, Sumatera, is progressing well and is scheduled for completion by the end of 2020,” Gadang said.

Shares of Gadang closed half a sen or 1.23% lower at 40 sen today, valuing the company at RM291.22 million.


##https://www.theedgemarkets.com/article/gadang-3q-net-profit-dragged-down-construction-division

Posted by mf > 2020-05-14 20:13 |

Post removed.Why?

Posted by Keyman188 > 2020-05-14 20:15 | Report Abuse

Haa...haa...Q1'20 also can perform this profitable result during virus outbreak...

Really not bad worrr......

No wonder last min got "Big Players" jumped up from 0.390 & taken 0.400 by 300k...

Sure this "Big Players" got insider news...

Posted by mf > 2020-05-14 20:19 |

Post removed.Why?

Posted by kancs3118 > 2020-05-14 21:31 | Report Abuse

Bro....Q3FY20 has not factor in the MCO. MCO commences in Mar2020 whilst the QTR ended on Feb2020....

The real litmus test will be for Q4FY20 (from Mar20 to May20) whereby the MCO would run its course. I suspect Gadang will report less than RM10M profit.

Posted by kancs3118 > 2020-05-14 21:34 | Report Abuse

Profit will be higher if the group has not invested in DWL. Now that the chairman of DWL has bugger off, Gadang maybe better off to write off the entire investment in DWL. Until today, I cannot figure out why they invested in DWL.

Posted by Maurice1688 > 2020-05-14 22:58 | Report Abuse

run

Posted by kancs3118 > 2020-05-15 06:46 | Report Abuse

interesting that they have now expanding to Singapore...fingers crossed...they may end up like Pintaras Jaya?

Posted by Calvin882 > 2020-05-15 06:47 | Report Abuse

Looking at the performance in this quarter, it's very likely it will turns red in next quarter

Posted by khpwwl > 2020-05-15 08:55 | Report Abuse

they wanna to collect more lah, Qty report can delay to annouce later and why they nnouce now? ...hehehe,

Posted by Smart Beginners > 2020-05-15 10:26 | Report Abuse

Next qr everyone already knew it will be the worst qr ever. MCO start on March until now think about that. But for the current stock price is it the lowest? In my opinion yes it is.

Posted by Milo Ais > 2020-05-15 10:54 | Report Abuse

Buy ice-cream ingredients during winter, so you can buy at very low price. If you wait till every headwind is cleared, there ll be no more discount.

Posted by khpwwl > 2020-05-15 11:13 | Report Abuse

pressing down also cant collect more, then annouce qty report to cheat loh

Posted by kancs3118 > 2020-05-15 12:25 | Report Abuse

Actually, next quarter may report a loss because they have cumulative one month of work...(first 2 weeks of Mar and last 3 to 4 weeks of May). Then, the Fair Value loss arising from write down of investments in DwL. Hopefully, their Singapore venture will bear fruits.

Posted by khpwwl > 2020-05-16 08:01 | Report Abuse

Pressing down a lots, who is parked n stand by collecting at 0.385-0.395??? Construction counters not yet goreng

Posted by Atamis > 2020-05-16 10:07 | Report Abuse

this end of month stimulus package
Perhaps for construction sector. Maybe someone collecting it & wait for the announcement

Posted by Keyman188 > 2020-05-16 10:15 | Report Abuse

Haa...haa...I also one of the long term value investor who waiting "Musang King" drop......

Most likely next week I manage to get some.......


^^^Curi-curi telling you...I still holding cheapest price......kekeke...kekeke....



Posted by Keyman188 > May 14, 2020 6:16 PM | Report Abuse X

Currently I deploy my funds into 3 main small cap construction counters......

1) Gadang

2) Muhibbah

3) KimLun



Posted by Keyman188 > May 14, 2020 6:10 PM | Report Abuse X

I also everyday parking from 0.380...0.370...0.360...0.350...0.340...

Posted by kancs3118 > 2020-05-16 17:55 | Report Abuse

Very curious...how you guys know someone is pressing the price at RM0.385? Or it could be that the counter sucks ...so, people is selling at the last minute before market closed .?

Posted by kancs3118 > 2020-05-16 20:30 | Report Abuse

https://www.nst.com.my/amp/property/2020/05/592756/gadang-enjoys-robust-property-sales-spite-covid-19

Posted by kancs3118 > 2020-05-17 06:48 | Report Abuse

No wonder it's property development costs is at RM700M.

Posted by Keyman188 > 2020-05-18 08:49 | Report Abuse

Aiyah.....why jump up opening today !!!.........

I thought today got chance to collect 0.380...0.370...

Posted by PresidentRotiCanai > 2020-05-18 10:04 | Report Abuse

Gadang will be safer if compared to ekovest, iwcity and others construction counter bcz it had been released their qr

Posted by Keyman188 > 2020-05-18 10:10 | Report Abuse

Haven't reached my desire accumulation of quantity......

Very very sadness today....last week 2 times had touched 0.385 & rebounded back..........

Posted by Keyman188 > 2020-05-18 10:19 | Report Abuse

OMG.........0.410 liao...........kena hamtam sendiri kaki liao....too sadness..........

Posted by Keyman188 > 2020-05-18 10:24 | Report Abuse

more sadness....0.415 liao.....

Haizzz........too greedy....only parking 0.380.....almost close to entry point..........

Posted by Armageddon > 2020-05-18 10:28 | Report Abuse

Wah today the price suddenly shoot up high omg!!!!!

Posted by Keyman188 > 2020-05-18 10:32 | Report Abuse

Who say can get 0.300 !!!....not even touch 0.380 lehhhh.......

I foresee this round very high chance can surpass 0.450 ~ 0.460 range after strong rebound today.........

Posted by Armageddon > 2020-05-18 11:40 | Report Abuse

kancs3118 boss today price going up or down leh! Need your sarcastic info to enlighten us here!!!

Posted by PresidentRotiCanai > 2020-05-18 11:59 | Report Abuse

Cuci cuci afternoon up again

Posted by kancs3118 > 2020-05-18 12:47 | Report Abuse

Enlighten you guys or humor you guys ?

Posted by kancs3118 > 2020-05-18 13:53 | Report Abuse

Haih yah...actually, the future looks quite bleak and gloomy across all sectors...possibly to the exception of Technology like GPacket or Rubber Gloves like TopGloves...durex also doing quite well because MCO...couples need to do things

Posted by kancs3118 > 2020-05-18 13:54 | Report Abuse

Important to look for companies with net cash position...so far, for 9 months ending...cash flow statement shows Gadang generates about RM100M cash ....pays down its loan to be in a better position...

Posted by kancs3118 > 2020-05-18 13:55 | Report Abuse

Kok Onn is a very conservative business man ...

Posted by kancs3118 > 2020-05-18 13:56 | Report Abuse

Hopefully, this back door government in an effort to rejunevate the economy...needs to dish out mega construction projects...hopes Gadang get a slice of it ..Gadang don't simply bid for projects...they donut very selectively ....

Posted by kancs3118 > 2020-05-18 13:56 | Report Abuse

Just that hope their Singapore venture will be as successful as Pintaras Jaya

Posted by kancs3118 > 2020-05-18 13:58 | Report Abuse

Their property division ...majority is via JVs...which is good because they don't need to incur huge loans to buy land....property development costs almost 700M...so, let us see how they clear their property stocks...but chairman has reiterated again and again that focus is on affordability....something like Mah Sing....

Posted by kancs3118 > 2020-05-18 15:21 | Report Abuse

Do you think it will hit 45 cents ?