GADANG HOLDINGS BHD
KLSE (MYR): GADANG (9261)
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Last Price
0.465
Today's Change
+0.03 (6.90%)
Day's Change
0.435 - 0.475
Trading Volume
9,467,100
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
38 people like this. Showing 50 of 37,545 comments
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
Gadang get a lot small parcels from Ijm. If Ijm consortium get HSR, dah pasti Gadang get something
2024-01-29 12:42
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
GADANG need a big govt project desperately , if not , hardly to stand 40c abv ,
2024-01-30 22:58
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
After seeing loss making construction counters like ECONBHD & EKOVEST, Gadang looks not so bad.
2 months 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
2 months ago
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
Once the train leaves the station, then you will regret for the rest of your life
2 months ago
GADANG needs some data ctr related projects (eg. cables laying, solar epcc) to get the catalyst
2 months 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....
2 months 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).....
2 months ago
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
1 month ago
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.
4 weeks ago
Higher interest accumulation on its trade receivables. Meaning trade AR is aged longer ? Any payment issue .?
4 weeks ago
Someone is pressing the price, good news also cannot go up. Throw it byebye
3 weeks ago
Join me buy Tambun biscuits bro...Gadang will shine towards end of CY24...when RTS Johor makes meaningful progress ..
3 weeks ago
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.
3 weeks ago
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
3 weeks ago
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.
3 weeks ago
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.
3 weeks ago
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
xin xin chan ,
after so so many years ... be happy at least with 40c above , 50c is good move after
1 week ago
Gadang Tan Sri Kok delivers......just check the progress of Bukit Chagar Station!
4 days ago
Interesting observation...but why the construction division still showing losses ?
By right, this RTS project should be driving the construction division revenue as it forms the bulk of the order book. Based on press release, this RTS project is supposed to be completed by middle of 2024. I expect contributions / progress billings from this project to be in the advanced stage already. But why the construction division still showing losses ?
Completing the project is one thing..but to do it profitably is another thing.
4 days ago
kancs3118
Every quarter, Gadang attributes the losses from its construction division to costs overrun such as labor and material costs. It seems to me these are external factors that Gadang cannot control. Yet, Gadang is still unable to claim from the principal.
I will only load up on Gadang comes next quarter results based on the performance of the construction division. Should its construction division is showing profit, then we are talking about a very different Gadang.
4 days ago
Gadang breaks new high with big volume. It fulfill the TVVA criteria. Can buy more now to get a free ride.
8 hours ago
kancs, if you see the construction sector profitable, the share price maybe above 0.55 already
7 hours ago
Kancs: "...Gadang will shine towards end of CY24...when RTS Johor makes meaningful progress .."
Yeah, then is this not the time to load up? Today up 8% already.....
7 hours ago
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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....
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