Run folks, run before it is too late. Just see what have happened to Inari & Gtronic.

Takut. Haram main ekspot

Run while you still have got the legs

Buy & keep for 1 year

Best construction stock in Sarawak

Saturday, 23 April 2016

Gadang tenders for RM10bil worth of jobs

GADANG Holdings Bhd, involved primarily in construction and property, has tendered for over RM10bil worth of jobs, mainly for Petronas’ Refinery and Petrochemical Integrated Development (Rapid), the Klang Valley MRT and the proposed Damansara-Shah Alam (DASH) and Sungai Besi-Ulu Kelang (SUKE) elevated expressway projects.

Managing director and chief executive officer Tan Sri Kok Onn (pic) says the company, which also has utility and plantation businesses prefers to stick to jobs that it is already familiar with, referring to its current construction jobs with both Rapid and MRT.

“We think the results of these tenders should come out within the next three to four months,” he tells StarBizWeek, adding that the company hopes to get 20% of the RM10bil jobs that it had bid for.

Gadang currently has a balance of construction jobs worth RM800mil which are ongoing, Kok adds. Kok says he believes that the construction industry on the whole will be kept busy at least for the next couple of years, with job flows coming in.

Notably, Gadang’s construction jobs come mostly from the Government.

This presumably has worked in its favour as payment collection for work done for the Government should be easier to obtain compared to getting payments from private firms which may not have as huge coffers.

Gadang as a stock, first shot unto investors’ radar in 2014 where within the first six months of the year it had doubled to RM2.02 from RM1.01, after which it traded mostly range-bound before bouncing back in the third quarter of last year with interest gaining traction more recently.

At last look, the stock was traded at RM2.14, giving it a market capitalisation of slightly over RM500mil. It has gained 9% over the past one week. In its latest note to clients, research house JF Apex which tracks Gadang notes that it continues to “favour the group for its well-diversified business model as well as its ability to achieve growth across all divisions.”

“Looking forward, we are positive on Gadang’s earnings given the recent order book replenishment of RM560mil from Rapid projects and continuous sales activities generated by the flagship projects of its property segment.”

The research house has a target price of RM2.86 on the company’s stock.

For its second quarter ended Nov 30, 2015, Gadang made a net profit of RM17.7mil compared with a net profit of RM8.5mil for the same period, a year earlier.

It also has retained earnings totalling some RM195.8mil which gives it some form of leverage to pay out dividends and conduct other corporate exercises.

Notably, Gadang’s cash pile, which includes fixed deposits has dipped a little from six months ago, standing at RM205.4mil based on its latest accounts, from RM232.6mil before. While it was in a net cash position in the previous quarter, its latest accounts show that its total bank borrowings stand at RM246mil, which is higher than its current cash hoard.

The company recently announced that it proposed to undertake a private placement of up to 10% of the issued and paid-up share capital of Gadang to unnamed investors at RM1.85 per share.

Sources say the placement would be made to foreign parties.

This is best

Alex is a big boss.

Be careful guys. If the QE is below expectation, u will be spooked the next day.

One by one good news is being vomited out.

1. PP at 1.85 already firmed out - uncertainty is erased which makes investors comfortable.

2. QE result will be out soon. Look set to achieve yet another "higher than that of last year" result.

3. Waiting for announcement for the viaduct package for MRT2 in early May, 2016.

Haha... That is the way the game is being played. Join them (play them same) or be "tau-dai"

6k/tonne is possible

https://site.recognia.com/cimb_news/serve.shtml?page=event&name=stocks&eid=MYvwJWAAeAqwAggABAACAAAD6CRg&symbol=GADANG&exchange=MYX&isin=MYL9261OO008&trade_type=L&lang=en&delivery=email&eml=allangan2006%40yahoo.com&gaid=NL1969860197

Gadang Holdings Bhd forms bullish "Symmetrical Continuation Triangle" chart pattern
Apr 21, 2016

Recognia has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Gadang Holdings Bhd (GADANG:MYX). This bullish signal indicates that the stock price may rise from the close of 2.11 to the range of 2.70 - 2.85. The pattern formed over 72 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend.

This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.

Hihi. Germs.. Tq

https://youtu.be/159zPoFZexM

Ooo la la......... 6k/tonne

The answer is straight forward, i.e. RM6k/tonne

oh, I added position 20k@1.97 yesterday. Have been thinking to buy all the way down to 1.85.

Sell first buy back later

Sapu

Already went in last week

Buy at 1.85 otherwise no deal

Calvin, any idea for the buildup for the 22x75 uem project? Have been thinking to buy one. Have been frequenting Puteri harbour of late

The answer is 6k

It's a market perception for the fair value of Gadang. After all, 10% is transacted at 1.85. So, I expect gadang price to slide to 1.85. Let's see.

Don't go in first. Will adjust to1.85 may be this Friday or next week

Good stock for 2016

Sapu

Wait for next wave

Sold last week

Ok. Kaboom Mkh-wb

Cheap sales

Join puc

Seriously, I think Calvin is at least one notch higher than OTB. Calvin's prediction makes a lot of sense. Let's Huat together.

Sooot sop, Mkh.

Good chance to unload next week. Have been holding this stock for a while, will sell next week

Fall in prices is temporary. Buy.

Don't forget, the deal that was recently cancelled was one of the reason to buy Canone. Now the deal is off the table, sendiri mau ingat lah

Hihi... Sell when the valid reasons to hold them are no longer valid.

Big thing is coming

Mkh, Ioicorp & SOP. That's it.

Buy lah.... Upside is good (you chase I upload to you) ... Haha

Sapu both.

Sapu mkh

Besr

I park at 1.10 everyday.

Upload to operator lah, this is completely normally. Nothing unusual if they want to drive the price upwards.

Calvin, our MKH is very Sui today. There was a desperate seller, Loaded MKH-WB 10k@1.05.

Calvin is famous for his acumen for picking stocks which have just began to rise. Full supports for Calvin.

margin call may already be triggered. Wait at 0.50.