UP UP UP 3.91 multi year high now!!!

up up up 4.43 now

Based from my analysis of GKENT which bagged multiple Hospital awards, the duration is approximately 3-4 years.

To my opinion, why Gadang failed to catch up with its peers in construction is due to these :

- the CEO / management of Gadang do not hold many shares in the company ( total combined just about 25% of shares). This makes the % free float in the market is about 75%.

- lack of interest from fund managers buying into Gadang eg support from EPF / PNB/ local and international funds

- total number of shares now approx 650mil. This is quite enormous sum as a few cents increase in share price will trigger a sell easily.

- cheap valuation of Gadang at RM 1.20+, easily and enabled contra players to buy in small ampount of shares and sell easily too ( as compared to expensive companies eg KESM RM 15.00 whereby small contra players will be having difficulties in buying / selling it)

wow broke RM 15.00. what happened?

WOW 2.04 multi year high...this time betul2 huat

From TA Research 7th Aug :


Gadang has received a Letter of Acceptance from Cyberview Sdn Bhd to
undertake design-and-build jobs for Cyberjaya Hospital (288 beds) for a
contract sum of RM475mn.


Our View
This is Gadang’s first job win in FY18 and third job secured in CY18, totaling
RM1.6bn YTD. This has boosted its estimated outstanding construction order
book to RM2.0bn, translating into 7.2x FY17 construction revenue. This is
expected to provide earnings visibility to the construction division for the next
3 to 4 years.


Assuming an operating margin of 10%, we expect the project to generate a net
profit of RM36.1mn, or 5.4sen/share throughout the construction period.
In near term, Gadang could potentially benefit from the rolling out of mega
construction projects such as LRT 3, East Coast Rail Line, Gemas-JB Double
Track and Pan Borneo Highway (Sabah). Given its decent track record and
experience in MRT line 1, we see Gadang as a front-runner for LRT 3 work
package, which is estimated to cost between RM800mn to RM1.0bn per
elevated civil work package.


Impact
This new job win in the second month of FY18 has almost filled up our FY18
order book replenishment assumptions of RM500mn. Given that Gadang is one
of the front-runners for LRT 3 work packages and various mega projects to be
awarded in the foreseeable future, we raise our FY18 order book
replenishment assumptions from RM500mn to RM1.0bn. Consequently, we
raise FY18/FY19/FY20 earnings forecasts by 6.7%/12.2%/20.4% respectively.


Valuation
Following the revision in earnings forecasts, we raise Gadang’s target price
from RM1.57 to RM1.75. Maintain BUY call on the stock.
SOP valuation (RMmn) Rem

Today last day to buy GKENT before ex split tomorrow.

Hi i had done a bit of detailed analysis on Gadang lately. I think Gadang will perform very well in FY 2018 onwards, after the Q2.


Problem now is that the out standing orderbook now lefgt RM 220mil ( count out the MRT and those received from Jan - July 2017 as these projects are big, draggy and takes some time may be 3-4 years to be completed). Also, Gadang didnt mention the duration of all its projects secured. So it is difficult for us to estimate the revenues to be generated from them.

So i expect Oct 2017 the results for gadang will be a bit bad vs Q 1 2017 Oct resutls.


Pros for Gadang:

- cheap valuations at PE ratio 8x only compared with peers at PE 15x

- increasing contracts awarded In 2017 - so far obtained about rm 1.7 billion in order books for constructions ( cyberjaya hosp 475 mil, MRT2 952mil, tun razak traffic alignment 328mil ) with out standing order book as at may 2017 = 220mil

-expect gadang to get more projects by end of year from LRT 3 and ECRL.

- properties.segment kwasa land ( GDV 700mil + puchong land 117mil) expected to contribute to gadang earnings by end of 2018

- its solar power in indonesia will start to contribute to gadang earnings as early as early 2018.

- constructions total order book as on Aug 5th now stands at rm2 billion, can sustain its growth for at least 4-4.5 financial years.

- dividend 3 sen translate to yield of about 2.5% per annum.

- ROE of 18% currently and increasing for the past 4 years.

- number.of shares about 650mil --> ? More potentials for share split and bonus

- net cash company of about 10sen per share After deducting borrowings of rm 350mil. Able to Give sustainable dividends.



Cons about Gadang :

- MRT2 project is large and draggy. Takes a long time to complete maybe 4-5 years? Will start to contribute to its earning maybe in 2-3 years time? Duration of the project obtained by gadang was not mentioned by the company ( unlike the ones announced by Econpile kerjaya Gkent...they do mention the duration of projects )

- rarely pays dividend only once a year 3sen.
- high payable rates ( means it has to pay to its supplier in long term debts ). But this is common in constructions companies.

- it also have little receivables (means other people gonna pay gadang back)...? Risk of them not paying back

- %free float of shares in Market quite high about 50-60% as the directors didn't hold large chunk of shares unlike Econpile kerjaya.

- fund managers didn't hold much of shares in gadang too.

- very liquid movements of share prices of gadang. Risk of being manipulated by share manipulators are high.⁠⁠⁠⁠

@Prudent2 : I will be happy if GKENT can sustain around RM 4.30 - 4.40 levels on MOnday.

Good and wonderful closing today at 4.38. It had a roller coster ride this week, touched a multi year high of 4.50 on Monday and a low of 4.20 on Wednesday

Do you mind show me where is the list that contain the name of IWCITY bidding for BM ?

Any reasons for Liihen to move so much yesterday?

Ex day is Aug 8th Tuesday, Mondy will be last day to buy.

Does IWCITY bid for bandar malaysia again? I didnt see its name in the list of those submitted the proposal.

I just hope the share price will sustain around this value right till ex date

never trust investment banks' recommendations

According to Tan Sri, the 6% will be received upon issuance of LOA to the sub con company.

wow...of which GKENT will obtain 6% commision of this RM 1.56 billion? means they will get RM 93.6mil as commision?

luckily sold at 1.02 for a quick buck.

up up up 3.91 now multi year high!!!

The Board of Directors of Kerjaya Prospek Group Berhad ("Company") is pleased to announce that its 70%-owned subsidiary company, Future Rock Sdn. Bhd. ("FRSB"), has on 1 August 2017 accepted a letter of award ("LA") from China Communications Construction Company (M) Sdn Bhd ("CCC") on the appointment of FRSB as a subcontractor for the project known as "Perimeter Bund (CH100 to CH1150) for Phase 2B of the Seri Tanjung Pinang Phase 2 Project" at the total contract sum of Ringgit　Malaysia　Forty-Five Million Nine Hundred Fifty-Four Thousand One Hundred Fifty-Eight and Cents Twelve Only (RM45,954,158.12) ("Contract").

The construction works to be undertaken by FRSB is expected to commence on 27 July 2017 ("Date of Commencement") and due to be completed on 26 May 2018.

The subcontract shall be executed within 30 calendar days after the execution of this LA.

The Contract will further increase and enhance the existing order book of the Company and its group of companies ("Group").

The Contract will have no effect on the issued share capital of the Company but it is expected to contribute positively to the earnings and net assets per share of the Company and the Group for the financial years ending 2017 to 2018.

None of the directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect, in the Contract.

A copy of the press release in relation to the above is attached for information.

This announcement is dated 1 August 2017.

what happened?

syukur, dapat 96sen

bonus issue and free warrants coming

Beli sebyk mungkin

Hope Advancecon wll gap down tomorrow so to enable me to buy more

good opportunity to buy on weaknesses?

up up up 3.79

suddenly so many comments at GKent forum. Lets hope for the best

I am very happy to have collected Superlon cheaply in early this year RM 2.20 -2.30 before announcement of split shares. After ex date, the share never retreat but keep going up til RM 2.60. I am now beaming with joy to profit > 100% net profit for the past 4 months.

The trend GKENT is showing now is like Superlon before it ex split shares. It should perform very well after ex date.

I had bought Superlon around RM 2.20 before share split some when in March 2017. After it split at RM 3.60, it continued it upwards journey till current price RM 2.60. I had profited more than 120% within these 4 months,

As for GKent, I had bought into it Feb 2017 at RM 2.80 and had been consistently upside till now, even in June 2017, it reported a slightly improved net profit and revenue after the AGM, whereby panic sellers sold down the price after the AGM to RM 3.85, of which I happily collected. The next day, the share price soared to RM 4.15 and stayed steady around RM 4,05- 4,.20 for the past 1 month, after which today it staged a strong rally.

The board of directors of GKENT are confident of clinching at least RM 1 bil worth of projects for FY 2018.

up up up 4.42~~

up up up 2.56

Buying rate at 80% ...very good with huge volumes today

huat ahhh up up up 4.34

http://www.thestar.com.my/business/business-news/2017/07/27/five-malaysian-companies-on-forbes-best-under-a-billion-list/

up up up

up up up!!

2.45!

A whatsapp message from Maybank Investment to me this mornning. Not sure whether other ppl here received it?

There is a mistake on the gkent dividend payment yesterday.
Pls alert on client cash withdrawal request and wait for BBO further action.

up up up 2.44

huat ahhhhh 2.40

up up up

bought 99sen just now

waiting to collect more < 1.00 today

wow close gap! dahsyat

3.76 multi year high

1.20 huat ahhh

yeah buy as much as possible Kerjaya