http://www.theedgemarkets.com/article/hlib-research-cautious-woodbased-manufacturing-sector-due-market-uncertainties

Sold at 2.96 to lock profit.

Inary revenue dependent on Customer A (Broadcom) has been reduced yoy from 82.7% (FY2015) to 65.7% (FY2018). This is because order from Customer B (Osram) increased from 10.9% (FY2016) to 27.0% (FY2018).

As mentioned in the Annual Report 2018 page 27, Inari is in the midst of preparing for qualification
of new health sensor, 2D facial recognition and MiniLED products for the IOT segmen and expect
successful full scale production ramp-up by the middle of 2019. This new products shall help the Company to diversify their revenue other than main contribution from RF segment.

Meanwhile, the construction of new plant (P34) with 3 buildings will be identified for new customers to address customer concentration risk as known many years.

Investor is panic that share price drop these days but pls study that the mgmt is doing good job to grow & expand their business every year.

https://www.thestar.com.my/business/business-news/2018/05/24/inari-amertron-to-grow-led-fibre-and-sensor-businesses/

Interesting. Apple gave warning that 4Q of 2018 sales from initial guidance of $93bil to $84bil, dropped by $9bil or 10%. In fact, 4Q17 Apple sales was $88.3bil, which is the highest in the past.

Now Inari share price dropped from RM1.47 to RM1.24 right this moment, dropped by 16%. And look back Inari latest Annual Report, the biggest customer (Broadcom) contribution to Inari revenue is 66%. Even assuming Broadcom order to Inari reduced by 10%, I estimate that Inari overall revenue or profit just reduced by 7% only (66% x 10%).

So, aren't investors over-reacted for the Apple's profit warning?

Top up at 1.30.

Hi Mr. Tan, my selections as below:

1. EWINT, 7.10%
2. FREIGHT, 5.30%
3. GKENT, 8.35%
4. INARI, 15.00%
5. JAYCORP, 8.25%
6. JOHOTIN, 9.60%
7. LIIHEN, 18.20%
8. LUXCHEM, 5.20%
9. RCECAP, 14.70%
10. WONG, 8.15%

1. EWINT, 7.10%
2. FREIGHT, 5.30%
3. GKENT, 8.35%
4. INARI, 15.00%
5. JAYCORP, 8.25%
6. JOHOTIN, 9.60%
7. LIIHEN, 18.20%
8. LUXCHEM, 5.20%
9. RCECAP, 14.70%
10. WONG, 8.15%

Great stock pick.
Freight is one of my watchlist.

Fair enough, the Edge made the honest review for their own stock picks.

This is the consequence of calling sell after sharp price drop.
Rubbish research work.

The Company wish to announce that there was a minor fire incident at a factory owned by Jaycorp Trading Sdn. Bhd. The affected factory is located at JA 1880 Batu 22 ½, Parit Perawas, 77400 Sungai Rambai, Melaka. This factory is currently being rented out to Yeo Aik Wood Sdn Bhd. Both Jaycorp Trading Sdn. Bhd. and Yeo Aik Wood Sdn. Bhd. are wholly-owned subsidiaries of Jaycorp.

The area damaged by the fire was restricted to a single finishing line within the factory with minimal impact to other areas of the factory.

The fire started at around 8.40 a.m. on Sunday 23 December 2018 and was extinguished within 30 minutes. No major injuries were sustained. We have not yet determined the exact cause of the fire but we are in the process of carrying out the necessary investigations. A police report was made on the same day.

The assets damaged include a finishing line, part of the factory roof, some spray guns, fire extinguishers and sprinklers. While further work needs to be carried out to ascertain the exact value of damages sustained, we roughly estimate that the total value of damage to these assets is in the region of RM500,000 to RM900,000.

In addition, some work in progress (“WIP”) was also damaged. We roughly estimate that the damage caused to WIP is below RM100,000.

In total, we do not expect the combined value of damages sustained by the fire incident to exceed RM1 million. All assets and WIP are adequately insured.

We do not expect any major impact to operations as we have another finishing line facility which we are able to utilize while repairs take place. As such, although there may be some minor production delays in the immediate short term due to the damage caused by the fire incident, we expect to fully recover from this within 2 weeks.

Please note that all values provided in this announcement are rough estimates. An additional announcement will be made once the exact value of actual losses has been determined.

http://malaysiastock.biz/Company-Announcement.aspx?id=1109984

I want to join

If read back 2017 AGM minutes, the mgmt mentioned they ald recognised 60+ million for Capital City Project, the balance of RM260 million to be recognised within next 2 years. And comes to 2018 AGM, the mgmt highlighted again that Capital City Project to be completed in 3 more years. And point out that 2018 property PBT increased compared to 2017 despite property sales dropped mainly due to significant contribution from Capital City Project.

Gadang annual consolidated PBT is just over 100 million only.

Can you guess how significant is the Capital City Project to Gadang?

Hi secret1q, good effort for your article.
Do note that the FV change of investment in quote shares is just like our paper gain/loss of our stock investments. If the share price goes up, they will recognise the FY gain in the profit because they are using FV method to measure the investment in quoted shares.

http://malaysiastock.biz/Company-Announcement.aspx?id=1108879

still not bad QR.

Seems like they will release QR result after 5pm today.

The BOD is smart to release QR today. Market rebound plus not bad result boost the share price up today.

Going Forward from the Press Release:

The Group’s focus continues to be on its long-stated Strategic Plan to broaden its income base. This will be achieved by allocating substantial resources to further expand the Metering business in the country and the region. The Group’s automated meter reading solution is undergoing pilot testing in several states with commercialisation set for 2019. The Group is also participating in tenders under the non-revenue water initiative of the national water meter replacement programme. This should further catalyse sales of the Group’s water meters in the country.

The Group’s strong order book will provide earnings visibility over the next few years. The Group is also on the lookout for opportunities in the Regional railway space, leveraging on its expertise as rail systems specialist in domestic railway projects. The Group’s established network with international rail specialists bolsters its standing for projects requiring international collaborations through joint ventures or other forms of strategic alliances.

Seems like FY2020 result shall be better than FY2019. Automated meter Reading (AMR) solution is set to commerce in 2019, plus 110,000 meters delivery to Singapore and LRT 3 construction resumes in 2nd half of 2019.

This press release provides more useful information than QR.

Few key points from the Press Release:
1. LRT 3 contribution resumes in the 2nd half of 2019
Profit after tax for the first nine months was 8% lower, which is commendable with only a nominal
contribution from LRT3 as the project is being renegotiated. As announced on 5 November 2018, Prasarana Malaysia Berhad issued a Letter of Appointment dated 2 November 2018 to MRCB George Kent Sdn Bhd for the award of the LRT3 project at a fixed Contract Sum of RM11.856 billion. Negotiations are ongoing to finalise the terms of the new contract, while the project is being redesigned based on the revised specifications. Construction is anticipated to resume in the second half of 2019

2. Won the tender to deliver 110,000 meters to Singapore over 6 months (next FY)
Water meter orders continue to be strong. The Group recently won the Public Utilities Board of Singapore’s (PUB) tender to deliver 110,000 meters over six months beginning February 2019. This is the 4th consecutive win by George Kent to supply water meters to PUB since 2012. The Group continues to export its meters to over 40 countries around the world, with demand outstripping supply.

http://malaysiastock.biz/Company-Announcement.aspx?id=1108650

Finally~

Gkent cash in hand = 368 million vs market cap = 415 million now.

Even QR profit good also useless, whole world market sentiment is negative.. Like yesterday Top Glove announced good profit, share price today still drop.
People rather to take back cash quickly instead to hold stock for long term at this moment..

Protasco has been terminated from SUKE Project which Gadang failed to award this in year 2016. Is that any chance Gadang can tender it again?

Traders just look for short-term profits only when market sentiment is getting worse nowadays.
But when you hold EWINT after 3-5 years, its share price won't stagnant at this level.

KassimBaba7, if so, you shldn't invest in this counter as the board is lack of integrity.
That's simple.

Just imagine if you're gkent boss, do you want to proceed SBB everyday if you already know coming QR is bad?
What if, the QR is good and once released, this is make sense that share price shall go up. Why they still want SBB everyday instead of declare more dividends to shareholders?

http://malaysiastock.biz/Company-Announcement.aspx?id=1107217

Good result as expected.

http://malaysiastock.biz/Company-Announcement.aspx?id=1107091

Good result. Profit is normalised plus strong performance from construction segment. Seems like furniture segment is getting benefit from trade war. Meanwhile Pohuat also announced the highest profit in the recent quarters.

Gadang did not propose share buyback this resolution in their latest AGM, hence they have no right & obligation to do so.

Lukesharewalker Implement share buyback lah...esos scheme cost 1 million but useless now..pe5 now...Most property firms now pe3
10/12/2018 13:11

RainT you better diam diam
keep talk cock and just meaningless.

YTD made 23% loss..

According to his theory, why we should trust Najib when he stole rakyat's money for 1MDB?

Topup some at 0.82.

Sold some shares at 3.25.

http://malaysiastock.biz/Company-Announcement.aspx?id=1103953

better than expected result. Not bad.

http://malaysiastock.biz/Company-Announcement.aspx?id=1103770

Volume today is 39,611 lots and GK buyback shares are 19,381 lots, represents 49% of the daily volume.

Grab at 55 sen. This is good bargain.

5 sen dividend payment date is on 28 Dec 2018.

Bought 15 lots @ RM1.78 today.

Bought 20 lots @ RM0.88 today.

https://klse.i3investor.com/blogs/hleresearch/182401.jsp

HLB Research TP is RM0.84

https://klse.i3investor.com/blogs/hleresearch/182401.jsp

HLB Research maintains lower TP with RM0.83

https://klse.i3investor.com/blogs/hleresearch/182401.jsp

HLB Research revised the TP to RM3.33

Gadang eyes projects in Sarawak following record budget announcement

KUALA LUMPUR (Nov 7): Sarawak's record high budget of RM11.914 billion announced for the year 2019, the bulk of which is for development expenditure, is attracting construction engineering firms like Gadang Holdings Bhd, which is now hoping to get a slice of the state's spending.

Of the state's total budget, RM9.073 billion — including a federal fund of RM260 million — will be allocated for development expenditure, while RM2.841 billion will be for operating expenditure.

Gadang's construction division managing director Khew Check Kiet said he expects a lot of projects to be rolled out in Sarawak, some of which the group hopes to secure to drive growth for its order book and revenue.

"There is huge potential in East Malaysia as the state government of Sarawak has just rolled out a 2019 budget of about RM9 billion to be used in development expenditure. Thus, there are a lot of opportunities for us (going forward)," Khew told a press conference after the group's annual general meeting today.

Khew said the group is also participating in the tender of four projects for the Pan Borneo Expressway in Sabah, which he believes will be a positive catalyst for the group.

In all, the group is now bidding for about RM2 billion worth of projects, including the four Pan Borneo Expressway projects, as well as the MARA Science College in Sabah. Its order book now stands at RM1.5 billion.

At 12.30pm, Gadang's share price was trading 1.5 sen or 2.38% higher at 64.5 sen, valuing the group at RM426.8 million.

http://www.theedgemarkets.com/article/gadang-eyes-projects-sarawak-following-record-budget-announcement

Gadang unsure of participation in property crowdfunding

KUALA LUMPUR: Construction and property player Gadang Holdings Bhd said it is still early to tell whether the group will participate in the property crowdfunding platform, dubbed FundMyHome scheme announced in Budget 2019.

“At this juncture, it (the scheme) is still very sketchy and it needs the SC’s approval for the parties to come in,” its managing director of property division Datuk Ling Hock Hing told reporters after the group’s AGM today.

“There are a lot of talks in the market now, some are pro and some are negative. So we need to find more details and information on this (scheme),” Ling added.

The Securities Commission Malaysia (SC) recently said that it will facilitate the establishment of the property crowdfunding framework, which is expected to come into effect in the first quarter of 2019.

Meanwhile, Gadang is planning to launch three housing projects in its financial year 2019 with a total gross development value (GDV) of RM392 million.

The group currently has approximately 310 acres of undeveloped land with remaining GDV of RM2.9 billion.

http://www.thesundaily.my/news/2018/11/07/gadang-unsure-participation-property-crowdfunding

Sold at 3.42 to secure profit.

https://www.klsescreener.com/v2/news/view/453134/matrix-concepts-among-top-15-developers-in-malaysia

Analysts ask you sell so they can buy cheaper. When they ask you buy so they can sell higher.
Otherwise how they earn money?

http://malaysiastock.biz/Company-Announcement.aspx?id=1096200

http://malaysiastock.biz/Company-Announcement.aspx?id=1095068