Have they called for tender ?

@ Ming Goon, ...sure boh ? Got rumor that Gadang win contract ? Don't shiok sendiri leh....last time Gadang spike up due to partnership with DWL - got rumor that they will win multi billion contract ...end up now, DWL is in the drain with share price at 20cents...and Gadang is suffering from Fair Value losses / write down....

All these rumor ...better take it with a pinch of salt leh...

In the quarterly report, Gadang has mentioned the construction division is foresees difficulties in securing construction contracts leh ...due to limited jobs going around with too many competitors...

Do you think it will hit 45 cents ?

Their property division ...majority is via JVs...which is good because they don't need to incur huge loans to buy land....property development costs almost 700M...so, let us see how they clear their property stocks...but chairman has reiterated again and again that focus is on affordability....something like Mah Sing....

Just that hope their Singapore venture will be as successful as Pintaras Jaya

Hopefully, this back door government in an effort to rejunevate the economy...needs to dish out mega construction projects...hopes Gadang get a slice of it ..Gadang don't simply bid for projects...they donut very selectively ....

Kok Onn is a very conservative business man ...

Important to look for companies with net cash position...so far, for 9 months ending...cash flow statement shows Gadang generates about RM100M cash ....pays down its loan to be in a better position...

Haih yah...actually, the future looks quite bleak and gloomy across all sectors...possibly to the exception of Technology like GPacket or Rubber Gloves like TopGloves...durex also doing quite well because MCO...couples need to do things

Enlighten you guys or humor you guys ?

No wonder it's property development costs is at RM700M.

https://www.nst.com.my/amp/property/2020/05/592756/gadang-enjoys-robust-property-sales-spite-covid-19

Very curious...how you guys know someone is pressing the price at RM0.385? Or it could be that the counter sucks ...so, people is selling at the last minute before market closed .?

Actually, next quarter may report a loss because they have cumulative one month of work...(first 2 weeks of Mar and last 3 to 4 weeks of May). Then, the Fair Value loss arising from write down of investments in DwL. Hopefully, their Singapore venture will bear fruits.

interesting that they have now expanding to Singapore...fingers crossed...they may end up like Pintaras Jaya?

Profit will be higher if the group has not invested in DWL. Now that the chairman of DWL has bugger off, Gadang maybe better off to write off the entire investment in DWL. Until today, I cannot figure out why they invested in DWL.

Bro....Q3FY20 has not factor in the MCO. MCO commences in Mar2020 whilst the QTR ended on Feb2020....

The real litmus test will be for Q4FY20 (from Mar20 to May20) whereby the MCO would run its course. I suspect Gadang will report less than RM10M profit.

@ Armageddon....kanasai....I guarantee you , tonite DJ will drop like a rock...below by 1000 points...guarantee you tomorrow, Gadang sure Lou sai.....until RM0.20 and below...

Raja cakap ketam...hahaha

Ohhh Armageddon...you see..I promised you ...blow Gadang to below RM0.30... now, Dow Jones has dropped steeply today...Gadang is next to drop....
Thank me ohhh

This is a good counter ...

Let me help Armageddon ....blow Gadang to below RM0.30

Me is i3 certified entertainer ...make your stay here at Gadang enjoyable and memorable

Wah.....really smart beginners leh

What makes you say that ? Don't simply blow water ohh

Don't you guys feel scared...the debt is so high ?

Just 1 cent ...market suddenly drop

But this shithole won't see much actions until winning mega projects from the government .

I still prefer this shithole ....

Hi keyman, why you so love Kunlun? Golden dragon?

Let me help both of you ...

Ong Mali Mali Ong
Ong Mali Mali Ong
Ong Mali Mali Ong
Gadang drop to 10 centsssssssss

Let both of you accumulate

Doing now for you ...
Am Mali Mali Mali ohm....
Price go down to 10 cents
Am Mali Mali Mali ohm

Buy more and die more....

Sampah stock ...Singapore has implemented the circuit breaker and foreigners are the highest contributor to the Covid19 pandemic....this will drag Pintaras

Have to wait for backside government to announce mega projects la....right now, every Susah...everyone is dying

Next hotspot booming??

One way street to Holland

This who wanna collect...better do so now...

And I predict the price would drop to RM0.30 and then, RM0.20 and then, RM0.10...

dead counter...pity the shareholders

another rubbish stock - bored with local Malaysian hookers - decided to venture off to shag singaporean hookers~!

rubbish stock... belongs to tong sampah...

tell me...
why Gadang spend $18M on little known DWL?
DWL MD Sharlil Mokhtar has already bugger off to Prasarana...
and Gadang's JV partner in their Johor capital city project has already wound up....owing RM100M to Gadang...

these are signs of horrible things to come....bugger off while you still can....
And until now...where is the Quarterly Reports? Dare not show the world?

Gadang - PN17 soon...just mark my words

The contractor for TwY is Top International Engineering...a top 500 Chinese company....for Chinese contractors ..building a to storey condo is chicken shit to them....don't know why they cannot perform.

Maybe SymLife squeezes them or underpay them ?

Actually, Tan Sri style is JV style..major projects are all JV ...
Star Residences JV with UMLand....
Lembah Ledang JV with Jakel and PNB...
Sabah Signal Hill...JV with land owner....

I am just wondering, if they wanna develop Sungai long, who they will JV with? Tabung Haji??

If things turn really nasty, I believe they may resort to selling a part of the Sungai Long land...it is just sitting there ...idle....

I don't think they will sell the Langkawi shopping mall because this is generating recurring cash flows....

Recognising this, tan Sri did mention that they want to replan their product launches ...to make the units more efficient (i.e.; smaller) and hence, more affordable. This is in line with the housing market trend now which is more towards affordable housing...

@ nemesis... SymLife has got high gearin- about RM350M debt....but then, this high gearing is offset by the high unbilled sales circa RM900M.

So, in those sense, SymLife is safe as the unbilled sales is 3 times coverage of the debt.

I think the RM60M raised is just to cover for shortfall in cash.

My main concern for SymLife is that they have a lot of projects in the pipeline that they want to launch and the timing now is really bad. Market for properties is really soft.

Forget about the Sungai Long land. Despite its much paraded $8B township, until today there is no emergence of a partner who is willing to finance the development of this $8B mega project. SymLife’s balance sheet is just too small to go at it alone. Perhaps they are trying to rope in Tabung Haji? Maybe that is why Tabung Haji emerged as a significant shareholder? But it is all just pure conjectures / speculations – my guess is as good as yours – at this moment. The next big thing here after Star Residences is really the $7B GDV Lembah Ledang project. This one has a more proper story to tell. We have got both Jakel (33%) and PNB (33%) to co-develop Lembah Ledang and they are now planning the development of this Lembah Ledang project. Inside the annual report, there is no mentioning of Sungai Long. Probably, it is something for Tan Sri to sell if the company runs into further liquidity problems.

Actually, I am abit pissed with this rights issue as it destroy shareholder’s wealth. In terms of the monies/ funds being raised – this is more like a bridging “loan” from the shareholders to tide SymLife over unexpected shortfalls in their financing. $60M is not much of a rights issue. But the share price is battered like Fxxx!. I believe someone is purposely trying to depress this share price so that the OR can be sold cheaply. It is interesting to note who is going to take up the excess for this rights issue. Another objective is already mentioned by nemesis – to let Tan Sri has a stronger grip on SymLife.

Moving forward – SymLife’s fortune is very much determined by
- Star Residences – Tower 3 (in partnership with Ascott Residences). Personally, I am not worried about Star Residences because the project has already more or less break even. I remembered someone told me Tower 3 is their pure profit as all costs are covered by Tower 1 and 2 and the Star Retail. Hence, by clocking in at $2450 per sqf and roping in Ascott, Tan Sri is trying to make it big. But then, the market appetite for high priced property sucks!
- Union Suites…from the quarterly reports, 50% of the units available for sales has been taken up. Well – hopefully, this project progress well.
- Same goes to their Tijani Raja Dewa.

Hopefully, the property market will recover in the next few years.

What is the sales take up rate like ? In the quarterly report, it is announced that sales is encouraging but then, there is no numbers to back them up.