Why worry when former Mass Rapid Transit Corp Sdn Bhd (MRT Corp) chief executive officer (CEO) Datuk Seri Shahril Mokhtar as its new managing director for DWL. Dont you think the new consortium stand way higher chance to grab a piece of the ECRL now. Buy before its too late. This is a fact not a speculation without fundamental

https://www.theedgemarkets.com/article/malaysia-approves-singapore-rail-link-now

The RTS project costing RM4 billion will operate from Bukit Chagar in Johor to the Woodlands North station in Singapore, It is expected to transport up to 10,000 passengers per hour in each direction when completed in 2024.

well there might be some new projects ready for tendering soon

https://www.theedgemarkets.com/article/mrt3-project-postponed-not-scrapped-%E2%80%94-loke

well good news for construction stock. Continuity on the projects

well if you look at other construction stock like GABUNGAN AQRS BHD. Their profit is lower but PE is way higher. So with this current PE, this is definitely a gem in the construction stock. Assuming the PE similar with the GABUNGAN AQRS BHD, the stock is way above 1.20

https://www.theedgemarkets.com/article/phase-2-pan-borneo-highway-sarawak-undergoing-technical-study-%E2%80%93-works-minister

Baru also said the highway project in Sarawak also involved the upgrading of existing roads to four lanes over 706km that covered the implementation under the first phase in 35 packages.

He said the 12 packages under construction would continue to be implemented while the remaining 23 packages were still in various stages of implementation.

On top of that, FY 2018 for construction segment only recorded revenue of 376mio.

Gadang still hold existing project namely, RAPID package 301 and 402 and new projects namely, KVMRT V206 project, TRX project and Cyberjaya Hospital. Based on the on-going infrastructure projects under construction, a stable earnings stream is expected for the
financial year ending 31 May 2019. In addition, the division’s outstanding order book of some RM1.51 billion, shall provide good income viability for the Construction Division


So the sustainable earning for Gadang in near future should be very positive. On top of that, potential tender on ECRL, HSR and Pan Borneo might boost the book order beyond 2billion.

fair value adjustment pursuant to the granting of the Employees’ Share Option Scheme of some RM4.38
million; and
one-off impairment costs amounting to some RM10.49 million in relation to investment properties,
inventories and other receivables.

These two are non recurring kind of transaction which means the full year PBT should be 147mio for FY 2018 vs 141mio for FY 2017 and this will translate into 4.25% growth YoY.

https://www.theedgemarkets.com/article/sporekl-hsrs-fate-teeters-twoway-meeting-outcome-led-azmin-end-july-0

if the HSR goes well, its time to go all in into construction stock!!!

so its blessing in disguise that Gadang didnt get LRT3. Hopefully there will be new open tender for the other rail project like ECRL

Phase 2 is the railway route from Gombak to Port Klang costing some RM9bil while Phase 3 is the double tracking portion & route to Pengkalan Kubor that costs RM11bil.

https://www.thestar.com.my/business/business-news/2018/06/30/sources-say-mrl-would-not-have-signed-ecrl-contract-given-a-choice/

There are also proposals to only defer the Phase 2 of the project and to eventually award them to local contractors in an open tender. “But this is still being studied in-depth but the priority is to cut costs at this stage until the RM1 trillion debts come under control

“Accordingly, the project managers also wanted to shed the image that this is purely a mainland China project that is being merely being deployed to Malaysia. I believe the Chinese contractors were in agreement and thus local content is expected to increase to at least 45% from 30% before,” the source says. The source said that the proposal was to allow for all civil, tracking and some systems works to be done by local contractors.

“The mainland Chinese have agreed in principle that this is acceptable since it is being built on Malaysian land. It will also give more stability to the ECRL project as it eliminates foreign exchange risks,” the source says.

To Maybank IB Research, the review could be a “blessing in disguise” for local players in the construction industry or beyond, as the main engineering, procurement, construction, and commissioning (EPCC) contracts may be shifted back to Malaysian contractors with proven track record and experience in spearheading large infrastructure works

http://klse.i3investor.com/insider/substantialShareholder/9261/15-May-2018/428103_3500617497.jsp

look at what tony pua mentioned for MRT3. Good chance that the MRT3 may be reviewed and awarded to the local companies under PDP rather than turnkey approach

https://www.themalaysianinsight.com/s/22365/

http://www.theedgemarkets.com/article/mrt3-actual-project-cost-more-important-financing-cost-tony-pua

well if you look at the different angle. Open tender actually will actually benefit Gadang as they are not politically linked or connected to any politics members. Hence with their strong track record and competitive pricing, they will definitely stand a better chance than some of the companies that awarded during LRT3. The prospect for Gadang under construction sector should be bright with the fair and honest tendering system !!

hmm EPF continue to buy on this counter. I wonder what's brewing inside the company...

http://klse.i3investor.com/insider/substantialShareholder/9261/19-Apr-2018/426324_1788734732.jsp

Hopefully Gadang will be awarded a slice on HSR !!

MyHSR Corp Sdn Bhd said it has appointed the Malaysian Resources Corp Bhd-Gamuda Bhd consortium (MRCB-Gamuda) and the Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd-TH Properties Sdn Bhd consortium (YTL-THP) as its PDPs for HSR civil works portion.

While it is still too early to try and pin point the potential work package winners, we expect the usual active construction players such as IJM, SunCon, WCT, TRC, Ahmad Zaki, Mudajaya and Gadang to actively bid for a slice of the pie

if I'm not mistaken, there were GS05, GS06 and GS09 yet to be awarded. WithIJM won one of the work packages today which means 2 more to go. Correct me if I'm wrong.

Do you homework guys. Look at what's happening in the global market

Global sentiment on equities are very weak. It's just not Gadang suffering the drop. Look at all other counters, investors are shunning away from equities due to the fear of the trade war in the US. No other counters can defy such fate. So when the risk appetite recover then we will see Gadang move higher

Hmm. Something is brewing that EPF has been accumulating shares and never disposed for quite some times. Maybe there will be good news coming soon for Gadang ???

The only link between Gadang and EPF would be the Kwasa Land deal.Hopefully they can announce some good news to the market soon !!

The upcoming appointment of a project delivery partner (PDP) for Malaysia’s portion of the KL-Singapore High Speed Rail (HSR) is seen as a “positive surprise” for Malaysian contractors, said CIMB Research today

http://www.theedgemarkets.com/article/pdp-tender-klsingapore-hsr-be-called-nov-22-0

Well, even though Gadang may miss the MRT3, but with the HSR on PDP, guess what, all the construction stock is in the play again. Besides, HSR project valued at 50b which is higher than MRT3.

Mr. Swee Kong Liew serves as Managing Director of Mechanical & Electrical Division at Gadang Holdings

Finally this FY is the commencement of work for new projects namely, KVMRT V206 project , TRX project and Cyberjaya
Hospital project and on-going projects are executed on a fast track basis to optimise on cost saving and design effectiveness.

That means the PNL will be recognized much earlier and much bigger portion based on the fast track basis. It seems like the PNL is going to grow a lot faster than we expected. Time to hold for another 1-2 quarters and let it flyyyyy

http://klse.i3investor.com/insider/substantialShareholderNoticeOfInterest/9261/29-Sep-2017/12076_613857484.jsp

hmm. any insider news going on? EPF is buying quite a bit

today the price gap up and director has been accumulating the mother since last month which means there will be some good news coming out soon. Insider purchase has always been a VERY GOOD INDICATOR of good news releasing soon !!!

it's time for it to break 2.00 tmrw !!! it should stay above 2.00 given the sustained demand from US market. Once the next quarterly result is out, it should starts to break new high again

For those who understand the company, they know Poh huat is affected by the seasonal demand due to the local festive period as well as the summer holiday in the middle of the year. For those who just blindly call for sell due to lower QoQ, obviously these people dont even know how to do a simple analysis on the financial report and just trade blindly.

http://kwasacitycentre.com/

LRT3 announcement is coming out soon. Kok Onn wouldnt have bought it for short terrm. He knows there will be more contracts being awarded hence his purchase on the mother share right now before it starts to fly !!!

“We also have the capacity to support new customers as our manufacturing plants in both in Malaysia and Vietnam have an average utilisation rate of between 71%-75%,” he says.

Read more at http://www.thestar.com.my/business/business-news/2017/01/14/poh-huat-banks-on-us-for-growth/#UVLViKHZwJFsh73M.99

as for Jan - Mar, usdmyr has been trading like 4.4300 - 4.4700. With the new capacity in Vietnam, improved margin and improving housing sector in the United States, Poh huat is gonna do well on the following quarter as well !!

if insiders are buying that means something good is coming up which is the quarterly result. So it's a good time to accumulate before the results is out. bear in mind the whole dec and end nov, usdmyr is trading ard 4.4 and above. For exporters like poh huat, most likely they will hold on to usd with the usd strength across the board. Easily 5% gain as compared to 4.2000

https://www.bloomberg.com/news/articles/2017-02-16/u-s-housing-starts-exceed-estimates-after-a-stronger-december

US housing continue to show healthy growth and demand. This should provide good demand for Poh huat furniture. Coupled with strong USD now at 4.4500. It's good stock to hold for 2017 !!!

time for USD to fly soon. markets are bidding back on the USD on the backdrop of Trump tax cut and France political uncertainty. USDMYR should be well supported and may test the high of 4.5000 resistance again soon !!!

President Donald Trump said on Thursday that in coming weeks he would announce something "phenomenal" in terms of tax although he offered no further details.

Renewed speculation that Trump's economic policies will help boost economic growth and inflation pushed U.S. Treasury yields higher and lifted the dollar.

http://www.reuters.com/article/us-global-markets-idUSKBN15P03Y

management is so confidently telling the public about revenue and PBT growth. I dont see the reason why this counter cannot fly high soon. Coupled with usdmyr at ard 4.45 during the last quarter, the earning visibility is there !!!

with this coverage from the star, pohhuat will fly high on monday !!!! wooooo. angpao money is coming

Poh Huat group financial controller Lee Ing Tiong says the company has set up a foreign exchange benchmark of 4.2 ringgit per US dollar for its financial year ending Oct 31, 2017 (FY17).

“We expect the ringgit to normalise at RM4.2 to the dollar. Anything more than that would be a bonus for us,” he tells StarBizWeek.

Pohhuat also recently bought a warehouse in Aussie. Once it starts its operation, the P&L will grow further for next FY !!!!

http://klse.i3investor.com/blogs/MomentumInvesting88/111795.jsp

https://www.bloomberg.com/quote/USDMYR:CUR

It already broke last year record high and usdmyr is expected to sustain at this level or to break 4.5000

4.4600 now

https://www.bloomberg.com/quote/USDMYR:CUR

usdmyr is trading at record high of 4.4400 today. good momentum on usd should expect a good quarterly result for next two quarter.

offshore alrdy trading at 4.5000

The group is also bidding for package V206 and had just received an invitation to tender for package V205. The tender for Package V207 just closed, so it would take about three months to be evaluated.

3 more viaducts to go. Hopefully gadang will at least secure one

Share split, bonus issue and free warrant

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5250961

every proposals have been approved

4.2200