GADANG HOLDINGS BHD

KLSE (MYR): GADANG (9261)

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Last Price

0.405

Today's Change

0.00 (0.00%)

Day's Change

0.40 - 0.41

Trading Volume

1,042,600

Discussions
38 people like this. Showing 50 of 37,508 comments

soon9913

likely restest new low within this week.. wait and see first.

2023-07-31 15:32

mrknowled

Next year will boom

2023-08-01 23:07

soon9913

https://www.klsescreener.com/v2/news/view/1183291

sell call by TA

next TP 28cents

2023-08-02 21:58

laucsh

bull mari liao

2023-08-16 21:36

pangolin

Eik ??? making lose can up 1c per day, 29c to 33c ?? ape hal , so so curious

2023-08-16 23:10

soon9913

Mrt 3 closure soon

2023-08-18 23:01

Smart Beginners

semua construc naik tapi ni tidur aiyooo

2023-08-25 22:06

pangolin

All contruction start to move up consistently..... gadang gadang ... oooiiiiiii

2023-08-28 12:54

Smart Beginners

If it break through 0.36 then it will fly over 0.5

2023-09-02 22:28

CyMaOs

If I am right by my playbook, this stock will never see daylight due to its impairment. The yields greatly reduce its bottom line from reflecting any potential rise for now. I can see why TA set their sell call at 0.28. Reasonable from an MOL ^2 calculation.

2023-09-03 12:17

speakup

U forget this is Casino De Bursa. In our Casino De Bursa, fundamentals all forgotten. PE super high, loss making semua takpa. What is important is Syndicate Goreng. That's all

2023-09-03 12:40

pangolin

Speakup , u r dam right , as long as under radar syndicate , kampong chcken can goreng till flyhigh like phoenix...., yang lain tak penting

2023-09-04 22:13

Smart Beginners

50sen coming

2023-09-20 10:39

Ammar Roshidy

The trouble with firms like Gadang is our Govt. Depah keeps giving all Mega projects to mainland China then our local construction industry can tutup lah.

2023-10-16 10:11

pangolin

no special good news from budget , ho long gadang can survive..

2023-10-17 00:04

pangolin

slow and steady yeah ... 330,335,340,345.350.355...... after construction industry wake up for 2024 , good timing for gadang !!

1 month ago

Smart Beginners

someone is pressing the price. Don’t buy now wait for breakout

1 month ago

pangolin

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

1 month ago

kevinobc

gadang coming 50sen !

1 month ago

pangolin

Eik ??? What Happening to Gadang ? Any heart attack news , 40c now after 2 years ....

1 month ago

Smart Beginners

Big volume come let see the closing…

1 month ago

Smart Beginners

looks like going to holland

1 month ago

pangolin

niama .... 2 days show time only ..... make lim pek song song for nothing

1 month ago

kancs3118

Let you feel stim first ....baru potong stim

1 month ago

pangolin

let me feel like cny mood coming to town ...

1 month ago

kancs3118

Move some funds to IJM ,bro

1 month ago

Ammar Roshidy

Hopes it stays positive for the year.

4 weeks ago

kancs3118

Quarter results is about to be released....

4 weeks ago

Smart Beginners

Already sleep 4 year still got hope?

4 weeks ago

kancs3118

Alot gonna hinge on this upcoming QTR result - supposed to be released either today Wednesday or this Friday.

4 weeks ago

Ammar Roshidy

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.

4 weeks ago

kancs3118

Are you talking about the ERCL?

4 weeks ago

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

4 weeks ago

kancs3118

QTR results is totally unimpressive

4 weeks ago

kancs3118

Construction division is bleeding the group ...

4 weeks ago

kancs3118

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

4 weeks ago

speakup

push down for smart money to collect

4 weeks ago

pangolin

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

4 weeks ago

Smart Beginners

You see all construction go up but gadang down

3 weeks ago

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.

3 weeks ago

soon9913

smart beginners, this is the reason

3 weeks ago

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

3 weeks ago

Smart Beginners

Gadang not interested in HSR?

3 weeks ago

speakup

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

3 weeks ago

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.

3 weeks ago

soon9913

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

3 weeks ago

kancs3118

What it needs is big govt projects

3 weeks ago

pangolin

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

3 weeks ago

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.

3 weeks ago

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