13 March 2017
RHB Research

Gadang Holdings

Reiterate BUY.

After a long wait, Gadang finally won an MRT2 viaduct project worth MYR952.1m. This high profile project should boost market sentiment for the stock, lift its outstanding construction orderbook to c.MYR1.4bn and keep the company busy for the next three to four years. Accordingly, we revise our FY18F-19F earnings but keep our FY17 forecast unchanged. Our SOP-based TP is raised to MYR1.55 (from MYR1.40, 23% upside). Maintain BUY.

We believe this MRT2 project contract award, coming after a long wait, is likely to lift market sentiment on the stock. Hence, we raise our target P/E for Gadang’s construction division to 12x (the higher end of P/E trading band for small-cap construction sector, from 10x) and roll over our valuation base year to FY18 (from 2017). With that, our SOP-based TP is accordingly lifted to MYR1.55 (from MYR1.40), implying 8.5x-10.3x FY17F-19F P/E. This remains undemanding (vs other small-cap construction stocks) especially because we still expect positive news flow for the sector and the company to continue

Gadang - RM1 billion Company - Dream of Tan Sri
https://klse.i3investor.com/blogs/gadangdream/118070.jsp

Gadang - RM1 billion Company - Dream of Tan Sri
https://klse.i3investor.com/blogs/gadangdream/118070.jsp

Gadang - Contract win is one of the powerful catalyst to move share price.

https://klse.i3investor.com/blogs/gadangcont/118067.jsp

Gadang - Analysis of similar multi-proposals of Poh Huat.
https://klse.i3investor.com/blogs/mygadang/

8wpwtmt8

After ex-all, Gadang will also be like Pohuat with target price of RM2.00 for the mother share and RM1.20 for the warrant. Condition: Must wait for MRT2 and LRT3 end of this year.
21/10/2016 00:18

IS HAPPENING?

Gadang - Contract win is one of the powerful catalyst to move share price.

https://klse.i3investor.com/blogs/gadangcont/118067.jsp

I will look at OCK-WA, thank you Sosfinance.

https://klse.i3investor.com/blogs/gadangmrt/113978.jsp

Sosfinance, you are welcome. We should write more to benefit all member in I3investor .

OTHERS LETTER OF ACCEPTANCE FOR PACKAGE V206 OF THE PROJEK MASS RAPID TRANSIT LALUAN 2: SUNGAI BULOH - SERDANG - PUTRAJAYA (SSP)

GADANG HOLDINGS BHD

Type Announcement
Subject OTHERS
Description LETTER OF ACCEPTANCE FOR PACKAGE V206 OF THE PROJEK MASS RAPID TRANSIT LALUAN 2: SUNGAI BULOH - SERDANG - PUTRAJAYA (SSP)


Gadang Holdings Berhad ("Gadang" or "the Company") is pleased to announce that its wholly-owned subsidiary, Gadang Engineeering (M) Sdn Bhd ("GESB") has today, 10 March 2017 received a Letter of Acceptance from Mass Rapid Transit Corporation Sdn Bhd awarding GESB the contract for Package V206 of the Projek Mass Rapid Transit Laluan 2: Sungai Buloh - Serdang - Putrajaya (SSP) for a contract sum of RM952,088,535.03.

The Package V206 involves the construction and completion of viaduct guideway and other associated works from Serdang Raya to UPM.

The contract is expected to contribute positively to the future earnings of the Group.

None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the contract.



This announcement is dated 10 March 2017.

Gadang has bagged a RM952.09 million contract from Mass Rapid Transit Corp Sdn Bhd (MRT Corp) to undertake viaduct guideway and other associated works under Package V206 of the Mass Rapid Transit Sungai Buloh-Serdang-Putrajaya (SSP) Line.

In a filing with Bursa Malaysia today, Gadang said its wholly-owned subsidiary Gadang Engineering (M) Sdn Bhd has received a letter of acceptance from MRT Corp awarding the company the contract for Package V206.

"Package V206 involves the construction and completion of viaduct guideway and other associated works from Serdang Raya to UPM.

"The contract is expected to contribute positively to the future earnings of the group," added Gadang.

Gadang bags 2 contracts under MRT2?

Gadang was also shortlisted for LRT3, with tenders expected to be called some time in the first quarter of 2017.

Besides the multi-billion ringgit Rapid in Pengerang, Johor and the MRT2, Gadang may also be awarded construction work for the LRT3 project, in which the major contracts would have to be given out soon.

Can it be UEM get 1 contract and Gadang get 1 contract and another 1, either one.

Micron is expanding SSD.

kancs3118
I heard Gadang stands to win not one, but two MRT packages !
08/03/2017 21:09

WORTH RM1.4 BILLION?

KGB (Trading Buy; TP: RM0.555, SL RM0.415). Yesterday, KGB’s share price shot up 4.0 sen (9.4%) to finish at an 18-month high of RM0.465. Just two weeks back, the company had announced its FY16 earnings, which returned to the black at RM8.7m, compared to a loss of RM2.5m (in FY15). From a charting perspective, KGB’s share price has been on a rising trend since November.

The overall technical outlook remains positive, with the share price firmly above the key SMAs and the momentum indicators, all in a bullish state. In fact, the share price has just broken out of a “Bullish Flag-like” pattern as a result of yesterday’s sharp move. This signals that KGB is poised to resume its prior uptrend after a brief pause. From here, expect further gains towards overhead resistances RM0.50 (R1) and RM0.57 (R2). Downside support levels are RM0.43/0.445 (S1) and RM0.40 (S2) further below.

Kenanga , 7 March 2017

Kelington Group may climb higher after posting a long white candle and leaving an upside gap yesterday. Yesterday’s white candle can be viewed as the bulls extending the rebound from 1 Mar’s “Bullish Engulfing” pattern.

A bullish bias may appear at above the MYR0.45 level, with an exit set below the MYR0.395 threshold. To the upside, the immediate resistance level is anticipated at MYR0.50. This is followed by the MYR0.55 level.

RHB Retail Research 7 March 2017

https://klse.i3investor.com/blogs/mykgb8088/

Micron, Intel and SMIC in Singapore in expansion mode

Subscribe the weekly The Edge.

MRT2 and RAPID projects too?

Nikmon

CEO expecting a double digit growth in 2017!!!! Refer The Edge for full article.
05/03/2017 12:29

HUAT..

Technical Stock Pick

BUY Stock Last
Price* Target Price
ENGTEX 1.310 1.700
DRBHCOM 1.440 2.100
GADANG 1.130 1.800
SUNZEN 0.265 0.385
GHLSYS 0.935 1.600
SKPRES 1.350 2.000
PENTA 1.740 3.200
PESONA 0.690 1.020
SUNSURIA1.060 1.400
MBSB 1.000 1.440

*Last closing price when stock first recommended


Today’s Highlights
Stocks in major markets show sign of exhaustion, Crude oil prices slide further while Ringgit remains soft, Regional stocks retraced this morning after strong rebound during last session, Local stocks rebounded firmly yesterday but consolidation is still in progress hence anticipate a fresh round of distribution to take place.

Market Analysis
Short-term consolidation still in progress, stocks in Bursa Malaysia may experience another round of distribution phase.

Medium Term Outlook
• Market Bias: Sideway
• Range: 1650 – 1800

Short Term Outlook
• Market Bias: Downward
• Range: 1650- 1730

Sources- Affinhwang, Bloomberg, Dow Jones Newswire, Bursa Malaysia, The Star, Reuters.

https://klse.i3investor.com/blogs/gadangmrt/

*RHB♦INVESTMENT BANK BHD

Dear My Value Clients,
Potential stocks to buy today:
Date/日期 : 3/3/2017

1) *OKA (7140)*
Price/现价 : 1.48
Target price/目标价: 1.62/1.70
Cut loss/止损价 : 1.28
**Syariah
Sector/领域: Industrial Product

2) *KSL (5038)*
Price/现价 : 1.24
Target price/目标价: 1.40/1.74
Cut loss/止损价 : 1.11
**Syariah
Sector/领域: Properties

3) *KIMLUN (5171)*
Price/现价 : 2.24
Target price/目标价: 2.40/2.47
Cut loss/止损价 : 2.08
**Syariah
Sector/领域:Construction

4) *IWCITY (1589)*
Price/现价 : 1.37
Target price/目标价: 1.60/1.78
Cut loss/止损价 : 1.17
**Syariah
Sector/领域: Properties



Source : RHB RESEARCH INSTITUTE

*RHB♦INVESTMENT BANK BHD
Dear My Value Clients,
Potential stocks to buy today:
Date/日期 : 3/3/2017

1) *OKA (7140)*
Price/现价 : 1.48
Target price/目标价: 1.62/1.70
Cut loss/止损价 : 1.28
**Syariah
Sector/领域: Industrial Product

2) *KSL (5038)*
Price/现价 : 1.24
Target price/目标价: 1.40/1.74
Cut loss/止损价 : 1.11
**Syariah
Sector/领域: Properties

3) *KIMLUN (5171)*
Price/现价 : 2.24
Target price/目标价: 2.40/2.47
Cut loss/止损价 : 2.08
**Syariah
Sector/领域:Construction

4) *IWCITY (1589)*
Price/现价 : 1.37
Target price/目标价: 1.60/1.78


Source : RHB RESEARCH INSTITUTE

Above results are after provision of those debts.

The Board of Kimlun is optimistic for FYE2017

Year 2016
Revenue increase from:
1Quarter RM78 million
2Quarter RM94 million
3Quarter RM61 million (normally low in 3Q)
4Quarter RM106 million

Earning grow from :
1Quarter RM257K
2Quarter RM1,839K
3Quarter RM2,020K
4Quarter RM4,575K

Latest earning per share 2.08 cents.

If projected same earning per share (assume no grow in earnings) coming 3 quarters , 8.32 cents.

10 PE: RM0.83
12 PE: RM0.99
15 PE: RM1.25

Litigation on debtors not able to settle debts. Provision made since 2015 and 2016 once defaulted.

The Board of Directors of Kelington wishes to announce that on 28 February 2017 Kelington Technologies Sdn. Bhd. (Company No.: 562280-U”) (“KTSB”), a wholly owned subsidiary of Kelington served a Notice of Adjudication to Biocon Sdn. Bhd. (Company No. 930330-U) (“Biocon”) in accordance with Section 7 and 8 of Construction Industry Payment & Adjudication Act 2012 (“CIPAA”) to seek following reliefs or remedies from Biocon:-


Payment amounting to RM5,027,062.04 (inclusive of interest and Goods and Service Tax (“GST”)) being the outstanding payment due to KTSB;

Interest on the unpaid amounts from the date of payment was due to the date full payment is received; and

All cost incurred by KTSB in referring the dispute to adjudication, including but not limited to KTSB’s claim consultant’s cost, the registration and administrative fee of Kuala Lumpur Regional Centre of Arbitration, and the adjudicator’s fee.



On 16 July 2013, KTSB was appointed by Biocon as the Contractor pursuant to three (3) Purchase Orders under reference numbers BSDN/PROJ/SV/1300063, BSDN/PROJ/SV/1300064, BSDN/PROJ/SV/1300065 dated 16th July 2013 (“Contract”) for the supply and installation of specialty gas system, clean piping and stainless steel piping work for the Biocon’s factory in Nusajaya, Johor (“Works”). The Works were completed on 4th December 2015.


On 22 December 2016, KTSB served a Payment Claim to Biocon in accordance with Section 5 of CIPAA for the sum of RM6,183,648.07 (inclusive of interest) as Biocon had failed to make payment to KTSB.


On 12 January 2017, Biocon made a partial payment of RM1,342,022.00 (exclusive of interest and GST) to KTSB.


The Board of Directors is of the view that the adjudication proceeding is not expected to have any significant operational impact on Kelington Group for the financial year ending 31 December 2017.

Depending on the outcome of the adjudication, any recovery of the claimed sum will have positive impact on the Company’s earnings and net assets for the financial years ending 31 December 2017.


The Company will make the necessary announcement on further development of this matter in due course.


The announcement is dated 28 February 2017.

CONCLUSION:
AT LEAST RM1.3 MILLION BAD DEBT RECOVERED IN 1ST QUARTER 2017.

Well done soojinhou, you ease many speculator

Buy when there is no logic for such significant drop in price.

Management not doing their good job

The board is "OPTIMISTIC" in 2017, share price is about future forecast.

KUALA LUMPUR (Feb 27): Higher profit contribution from the manufacturing, construction and trading divisions lifted Kimlun Corp Bhd’s net profit by 13% to RM24.2 million or 7.8 sen per share in the fourth quarter ended Dec 31, 2016 (4QFY16) compared with RM21.4 million a year ago.

Revenue grew marginally by 1.5% to RM235.3 million from RM231.9 million in 4QFY15, it said in a bourse filing today.

The board proposed a final single-tier 6.5 sen dividend for the financial year ended Dec 31, 2016 (FY16) and has determined the dividend repayment plan will apply to the final dividend, subject to approvals.

For the full financial year ended Dec 31, 2016 (FY16), net profit grew 15.9% to RM81.9 million or 26.77 sen per share from RM70.7 million or 23.52 sen per share while revenue dropped 10.7% to RM940.7 million from RM1.05 billion in FY15.

Kimlun has an estimated construction and manufacturing balance order book of approximately RM1.67 billion and RM260 million respectively as at Dec 31, 2016. “The balance order book provides a good earnings visibility to the group. The board is optimistic that the Malaysian and Singaporean construction sectors would continue to be vibrant in 2017, thus offering orderbook replenishment prospects,” it sa

Well say YiStock, accounting policy always be prudence.

You analysed well Up_down

Coldeye bought since 2015 at RM0.15, he is a winner even as at today.

Annual profit growth double digit, bravo

Well done.

Bonus issue?

Noodle division will surprise us?

PE15 is coming..

http://klse.i3investor.com/blogs/2017kgb/116490.jsp

Demonstrate KGB first/second contracts.

Hoping to see warrant at RM5.15.



Posted by woosytan > Feb 22, 2017 04:41 PM | Report Abuse

Consider Mother + dilution by LA. Total shares will be 158M.
70M profit in 2017. means 70M/158M=0.443eps.
PE12=5.31
PE13=5.75
PE14=6.20
PE15=6.64
Tguan is a growth company. PE15 is very reasonable. Warrant would be attractive. 6.64-1.5=5.15
Its 2.09 gain or 68.5% gain assuming 0 Premium for the warrant. 2.5yrs to expiry date.