GADANG HOLDINGS BHD

KLSE (MYR): GADANG (9261)

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Last Price

0.435

Today's Change

-0.015 (3.33%)

Day's Change

0.435 - 0.45

Trading Volume

2,037,900

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
38 people like this. Showing 50 of 37,537 comments

kancs3118

Are you talking about the ERCL?

2024-01-24 15:08

Smart Beginners

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

2024-01-24 16:33

kancs3118

QTR results is totally unimpressive

2024-01-24 20:49

kancs3118

Construction division is bleeding the group ...

2024-01-24 20:50

kancs3118

They need to finished building that ERCL contract that they entered during 2020 MCO time

2024-01-24 20:50

speakup

push down for smart money to collect

2024-01-24 21:28

pangolin

from 33c to 41c withiin 1 month time , well done gadang !!

2024-01-25 01:45

Smart Beginners

You see all construction go up but gadang down

2024-01-26 10:10

soon9913

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.

2024-01-26 14:25

soon9913

smart beginners, this is the reason

2024-01-26 14:50

ivanlau

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

2024-01-26 17:55

Smart Beginners

Gadang not interested in HSR?

2024-01-29 11:22

speakup

Gadang get a lot small parcels from Ijm. If Ijm consortium get HSR, dah pasti Gadang get something

2024-01-29 12:42

kancs3118

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.

2024-01-29 15:26

soon9913

low profit is the facts ma... ready the report from TA, TP 0.23

2024-01-29 21:57

kancs3118

What it needs is big govt projects

2024-01-30 19:04

pangolin

GADANG need a big govt project desperately , if not , hardly to stand 40c abv ,

2024-01-30 22:58

kancs3118

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.

2024-01-31 06:35

newbie9893

Confirm uptrend, all in now, to be rewarded very soon

2 months ago

kancs3118

Yeah ...go go go...more steam

2 months ago

XinXin Chan

After seeing loss making construction counters like ECONBHD & EKOVEST, Gadang looks not so bad.

2 months ago

pangolin

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

2 months ago

XinXin Chan

After large construction counters moving upward, smaller players like ECONBHD, GDB, SENDAI... all fly today. Hope next will be Gadang's turn.

2 months ago

Smart Beginners

After break 0.42 only got movie

2 months ago

pangolin

hold 2 years for nothing , loses cut and get out from 0.40 , wrong timing

2 months ago

kancs3118

Then, come back in ...stop whining

2 months ago

XinXin Chan

Today the show is on MUDAJYA

2 months ago

kancs3118

What are you waiting for ? Get back in the game....

2 months ago

kancs3118

Once the train leaves the station, then you will regret for the rest of your life

2 months ago

XinXin Chan

GADANG needs some data ctr related projects (eg. cables laying, solar epcc) to get the catalyst

2 months ago

kancs3118

That cina man boss won't bid for private projects...only gomen projects. No collection problem. Wait for the catalyst MRT3, LRT3, Penang LRT....

2 months ago

Peace99

No one talked about Gadang received in Dec 2023 the 40 mil payment from Capital City Property Sdn Bhd (“CCPSB”) before due date (2025).....

1 month ago

Smart Beginners

What is this payment? Announcement link?

1 month ago

kancs3118

Why would capital city SB pay before due date ? Makes no commercial sense

1 month ago

pangolin

BACK TO SQUARE ... from 44c to 375 ,

1 month ago

XinXin Chan

Now, hopefully from 0.375 to 0.44 again :)

4 weeks ago

pangolin

good QR , a well start for gadang , at least untung for this quarter

4 weeks ago

ks55

Data Centre here, Data Centre there. Data Centres are booming in Malaysia.
Gadang got 280 million contract to build a Data Centre in Cyberjaya from TM.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3441825

3 weeks ago

kancs3118

Gadang is in hot soup as EPU is throwing the spanner in the works for it's prime jewel property development - Kwasa Damansara land purchase deal. Chances are - they need to satisfy the 30% Bumi requirement meaning lesser profit for its property division.

3 weeks ago

kancs3118

Higher interest accumulation on its trade receivables. Meaning trade AR is aged longer ? Any payment issue .?

3 weeks ago

Smart Beginners

Someone is pressing the price, good news also cannot go up. Throw it byebye

3 weeks ago

kancs3118

Join me buy Tambun biscuits bro...Gadang will shine towards end of CY24...when RTS Johor makes meaningful progress ..

3 weeks ago

kritikos

announced data centre contract but muted price movement... in fact, looking at the chart, price peaked before the announcement... 😑 see retail investors see the news already too late.. sigh.

2 weeks ago

pangolin

share price start to pick up after slept and quiet for 2 years , with kwasa land and good quarter result , hope to see gadang back 40c abovee

2 weeks ago

kancs3118

Good QTR results ?! Don't make me laugh leh...construction division is still making losses. Profit is attributable to interest income arising from Receivables. But whether the receivables can convert to cash is questionable.

2 weeks ago

kancs3118

Good QTR results ?! Don't make me laugh leh...construction division is still making losses. Profit is attributable to interest income arising from Receivables. Higher interest implies longer aging. Longer aged receivables implies higher risk of collectables. Whether the receivables can convert to cash is questionable.

2 weeks ago

XinXin Chan

Pangolin, share price has above 40c as your wish :D

1 week ago

Michael Kwok

Gadang 43 cents
Sell call wait for at least 5 trading days.Can it be 55 cents above after the correction???
14/5/24 11.31pm

1 week ago

pangolin

xin xin chan ,
after so so many years ... be happy at least with 40c above , 50c is good move after

2 days ago

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