Shareholder can look forward higehr profit in upcoming Q3 result.
Firstly, work on LRT3 have RECOMMENCED since May 2019 and the intensity of the site activities have been on the UPTREND every month and has already in FULL-SWING for bored pilling and substructure work.
Secondly, Gbg will record profit on completed unit in upcoming Q3 result.
Thirdly, Gbg will record maiden profit from its newly launched E'island lake heaven.
Package 2 – stage 5: This package is at the most advanced stage, primarily because it did not go through any alignment or design change after the change of government. MQ Research understands in November 2019, the land acquisition will be finalised and payments will be made to landowners by month-end. As such, it will be cleared for awards starting December 2019. The key job scope to look out for in this package would be the TOD Hub which will be built in Kota SAS, Pahang. MQ Research believes this job scope will be the most lucrative one within this package. Note that AQRS is already one of the main contractors of Kota SAS township project. AQRS management is confident that it could secure at least RM1.5bn from this project alone.
Two pension fund, both kumpulan wang persaraan and EPF are busy accumulate more Gbg at depress price to enjoy higher return later once ECRL project award next month.
Seem Property profit only able to recognized in next Q4 result. Further higher take up rate on E-island lake haven is expected as Gbg have shortlist by government under the ministry of housing and local government initiative for private participation on the rent to own scheme.
Another interest assets in GBg is Petronas basecamp in sipitang, which have generate recurring rental income of RM 11.4m. But, Gbg opt to use entire of these rental income to pare down the borrowing that took to build the facility, which is expected to be fully paid by end of 2020. Therefore, from Q1 2021 onward, the rental income generated from this facility will be PURE CASH PROFIT in GBG accounting.
In additional, LRT3 full swing construction will also be reflected in Q4 result later. In the meantime, shareholder can enjoy 1.5sen first interim dividend :D)
In addition, we are eyeing to replenish our construction orderbook by RM1.5 billion this year, subject to the government’s finalisation of review and the rollout of key infrastructure jobs.
Wonder how they so confidence as the time prepared this report left only one month to go..
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SuperPanda
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Posted by SuperPanda > 2019-11-08 22:54 | Report Abuse
safety margin is very important, if safety margin support price broken just cl and move on