GADANG HOLDINGS BHD
KLSE (MYR): GADANG (9261)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.385
Today's Change
-0.015 (3.75%)
Day's Change
0.375 - 0.40
Trading Volume
2,123,700
Financial
Financial Year 2020
| Financial Year | Annual Audited Account | Annual Report | View | |
|---|---|---|---|---|
| Ann. Date | Ann. Date |
Discussions
38 people like this. Showing 50 of 37,524 comments
let gadang hold my ball tight and warm more than 2 years ,
is good time to see gadang move upwards for better prospects , as long as market sentimental is good , is good or construction sector , is good for gadang as well
2024-01-10 23:27
Eik ??? What Happening to Gadang ? Any heart attack news , 40c now after 2 years ....
2024-01-16 11:11
Alot gonna hinge on this upcoming QTR result - supposed to be released either today Wednesday or this Friday.
2 months ago
I hope Gadang gets its footing. When local contractors are trying to tie up with Chinese contractors firm as Gadang would fall back. It's time for Govt to step in and have a new ruling for local firms. Govt must protect the local participation, otherwise matilah.
2 months ago
Susah la gadang someone is pressing the price long time ago, when other construction up , gadang up little bit but other construction drop gadang drop more
2 months ago
They need to finished building that ERCL contract that they entered during 2020 MCO time
2 months ago
Review
Stripping off some one-off items of RM0.2mn, GADANG’s 1HFY24 registered lower core earnings of RM7.8mn (-6.9% YoY), which was disappointing as it accounted for only 36.6% of our full-year projection. The negative variance was mainly underpinned by: (i) slower-thanexpected work progress for certain projects, and (ii) higher operating expenses in the construction and utilities divisions.
YoY, 1HFY24 topline increased 13.1% to RM291.9mn, thanks to higher sales recorded and improved work progress in the property division. However, its core PBT plunged by 7.7% YoY to RM12.7mn due to higher operating costs for its 9MW mini-hydro power plant and margin erosion in the construction division caused by higher raw material and labour costs.
QoQ, the 2QFY24’s revenue jumped 25.5% to RM162.4mn, largely driven by: (i) higher construction work progress, (ii) improved property sales, and (iii) the commencement of commercial operation of the 9MW minihydro power plant. Despite this growth, the core PBT was halved down to RM4mn, compared to RM8.7mn in 1QFY24, due to escalating operating costs incurred in both construction and utilities divisions.
Impact
Considering the weaker-than-expected results, we adjusted our revenue recognition and margin assumptions for certain ongoing projects. Consequently, our earnings forecasts for FY24-26F are revised downward by 20.7%/15.9%/12.0%, respectively, reflecting the challenging operating conditions.
Outlook
As of end-Nov 2023, the group’s construction order book and unbilled property sales stood at RM1.1bn and RM280mn, respectively, providing a clear earnings prospect for the group over the next two years. Additionally, the property division anticipates a better sales contribution in the upcoming quarters, supported by compelling sales package incentives.
Valuation
Following the earnings revision, we lower our TP to RM0.23 (from RM0.28) based on the SOP valuation. Maintain Sell call due to the stretched valuation.
2 months ago
This stock let me remind of then stock market guru - ty yap aka condom seller . A lot of followers fall into deep shit due to buy call of this guru
2 months ago
Gadang get a lot small parcels from Ijm. If Ijm consortium get HSR, dah pasti Gadang get something
2 months ago
Gadang get a lot small parcels from IJM.
What do you mean bro ? You mean if IJM wins big contracts, they will farm out some small kacanh putih jobs to Gadang ? What is your basis on making this statement ?
By the way, HSR is too far away...more practical to look at Bayan Lepas LRT, LRT3 and MRT3.
2 months ago
GADANG need a big govt project desperately , if not , hardly to stand 40c abv ,
2 months ago
Right now, the RTS project faces prolongation costs - expected to be completed in 2024 but delayed to 2026. Dunno whether Gadang can claim these costs or not.
2 months ago
After seeing loss making construction counters like ECONBHD & EKOVEST, Gadang looks not so bad.
1 month ago
gadang at least start positive and making money for 2 QR, much better than other construction counter , as long as making profit , sharing price will sustain
1 month ago
After large construction counters moving upward, smaller players like ECONBHD, GDB, SENDAI... all fly today. Hope next will be Gadang's turn.
1 month ago
Once the train leaves the station, then you will regret for the rest of your life
1 month ago
GADANG needs some data ctr related projects (eg. cables laying, solar epcc) to get the catalyst
3 weeks ago
That cina man boss won't bid for private projects...only gomen projects. No collection problem. Wait for the catalyst MRT3, LRT3, Penang LRT....
3 weeks ago
No one talked about Gadang received in Dec 2023 the 40 mil payment from Capital City Property Sdn Bhd (“CCPSB”) before due date (2025).....
3 weeks ago
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
.png)
Apps
Top Articles
1
6
TA Sector Research
7
save malaysia!
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
Smart Beginners
someone is pressing the price. Don’t buy now wait for breakout
2024-01-10 08:39