The fundamentals of this company is not very good. Check their audited financial statements and they will indicate all wages and salaries (ex. directors) is RM141 million. Based on press release issued by Gamuda that tunnelling portion alone is 3,000 employees and assuming that they are each paid an average salary of RM4,500, their wages and salaries for 2018 will go up byadditional RM162million. With suspension of MRT2 (until at least 6 months before issuance of international tender), this would constitute additional costs. I believe that Gamuda are caught between a rock and a hard place. Globally with a financial crisis looming from the trade war between US and China, huge infrastructure projects will be difficult for them to compete with the Chinese. Their best bet remains projects closer to home. With finances running dry (no GST, fuel subsidies, interest payments for unravelling of 1MDB debt), infrastructure projects have to go. Fortunately for Gamuda, their order book for the at-grade portion is still existent. But please be careful when investing because this company is treading on thin ice (if not now, in future).

I think this is a classic example for Gamuda to keep their mouth shut and for their management to bridge the price difference privately. Gamuda PR should refrain from issuing out further statements. They have done so much damage to themselves.

Buyers beware of this stock. Power project only completed in 2020 i.e. dividends will only start coming in then. If want to buy also buy later..

Let the noobs panic sell and then BUYING OPPORTUNITY!

run for ur livesssssss

everyone here is getting their pants and underwear burnt..from grandma panties become g-string. If people dont panic and sell these syndicates modus operandi wont be able to work. Their work is simple pump up the share price and get greedy people to buy into this make belief I am going to be rich quick scheme and then sell it when they've got a few hundred million in the bank.

https://www.forbes.com/sites/greatspeculations/2017/08/18/why-have-aluminum-prices-risen-sharply-in-recent-months/#cef4be347575

IWCITY is 80 cents back in Nov'16. It only went up due to speculation on Bandar M. If you're not a pro in this counter you better just cut loss and invest in a dividend stock like SAM/Superln

kesian the newbie investors like silai

these contra player sibeh geng. sold all my stocks. loss of RM1K. but if continue have to pay more for IJN heart operation.

is everyone going to take advantage of recovery of prices to pare down stake?

agree @tomatojuice. all the sharks play this game and leave the small time retail players like us dying.

zero buying support @.@!!!!!

This is worst than what i predicted...probably going to retrace back to support. Sharemaker is incredibly quiet now.

Bobo Au - look at the sell queu...

guys ive gotten burnt on stocks like this. Its important to set aside the maximum you intend to lose. anything more is gambling. my 2 cents worth is that this stock will limit down all the way to 1.50 by end of today.

all getting eaten by sharks. its a sharks game this one. they have enough clout to push the market. get eaten at your own risk.

sell sell sell!

28 no problem la

Just to prick the brains of sifu's here on how you calculate the intrinsic value of shares whether anyone uses Gordon Growth Model? Assuming Dividend Payout for next year of 90 cents per share (arising from residual of special dividend announced), growth rate based on previous years dividend of 33.75 cents and this years dividend of 42 cents to get a growth rate of 19.6% (excluding special dividend of 1.15 announced this year). Expected return of r for investors of 20%, you will get an intrinsic value of c. RM25.48?

http://www.thestar.com.my/business/business-news/2016/04/16/ajinomotos-vision-2020/