Stop dreaming government will award project to gadang! From our counterparts in KL, Tun Mahathir most likely has the MP number to overthrow current government! You watch and see!
Gadang: Secures two ECRL work packages worth RM81m. Gadang’s wholly-owned unit Gadang Engineering SB has secured two contracts worth a combined RM81.18m from China Communications Construction (ECRL) SB in respect of the ECRL project. The first contract, which commenced on May-28 and is expected to be completed on June 30, 2022, is worth RM24.11m, while the second contract, which shall start on June 15, 2020 and is slated for completion on Dec 15, 2022 and is worth RM57.07m. (The Edge)
Expected decrease in profit Q2, Q3 and Q4 and 2021 as well RM 0.40 to RM 0.50 is fair value. After financial announcement Q1 profit decrease by 25% share drop to 37sen. RM 81m only can earn RM 6.5m. Worth at RM 0.505 now? 36% share price increased. Careful
the price increase maybe due to investor's confidence on Gadang to deliver. Gadang has proven track record in LRT and MRT rail projects which will augur well with ECRL. Probably, investors are confident that this RM80M contract will open doors to new mega contracts with ECRL.
@ keyman188....certain counters need to hold long term and ride the big big waves...I believe selling Gadang now is not worth it...just hold on to it bah...
Another good counter to ride the upcoming property wave is Tambun Indah
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....
IvanC
669 posts
Posted by IvanC > 2020-05-29 10:15 | Report Abuse
Checking previous comment,
On 4 May, i post "TP0.5 by June", so accurate.
Bro @kancs3118 said confirm PN17 haha.