For the 4Q gsb reported a net profit 0.394 million compared 4Q 2014. But for accumulative quarter fye2015, gsb still record decreasing net loss. Increasing revenue may be contribution from property sales.
well, what do u know.. projects are real for sure. Having money coming in meaning the project is progressing. As more % being completed and more project launches, more money will come in. A good turnaround for GSB.
yeap Show you are right on that and I think their iskandar condo hasn't sold out yet, once its all sold out, GSB would be recording bigger profits in coming quarters and I'm expecting them to maintain a profit position for the next 2-3 years (until g residence is completed). I hope they will launch their projects this year tho, cause the whole process takes quite a while to realize profits, this is a slow but high potential counter for patient investors
haha, Calvin drama king... I guess he's more like day traders, when counter is good based on current market, buy, when its bad, sell. I'm in for the long haul for GSB because of their records and the counter is cheap now, it won't be at this price few years later
Looks like GSB is not going to shoot up crazy with that result but I believe it will move up slowly, their klang project will be launched soon, more profits coming in because that project will sell well for sure, because location is excellent.
whytea, I heard the klang project is somewhere in between the Giant Hypermarket and the Tengku Ampuan Rahimah Hospital, should be quite near to your place Bandar Botanic and Jaya Jusco
calvin, how blind can u be. Asiapac profit is a fake profit, they make profit from "fair value gain" not a real profit, it does not bring in real money. Just some accounting play to make it profitable, in actual fact, Asiapac is making loss. Too bad people do not look at details, this is how many people get burned in KLSE. This time share price may go up but next financial result reporting, they cant use this anymore, therefore will be a sharp drop in profit, thus sharp fall coming in the future.
There are several more launches in the pipeline for 2015, one of which is a yet-to-be-named residential development in Klang on 55.3 acres of freehold land near Bayu Perdana. GSB plans to build 28 semi-detached units, 28 linked semidees and 24 townhouses on the tract. The semidees and linked semidees will be 2½-storeys, and will have built-ups of 2,600 and 2,000 sq ft
respectively, while the 1½-storey townhouses will have built-ups of 1,650 sq ft. The townhouses are priced from RM350,000, the semidees from RM900,000 and the linked semidees from RM640,000.
Construction is targeted to begin in the first quarter of 2015. “If we can get [building plan] approval in time, we plan to launch the project after Chinese New Year and complete it by end-2016,” says Gan.
The site is a 10-minute drive from AEON Bukit Tinggi, Tesco and Giant hypermarkets and Hospital Tengku Ampuan Rahimah, 15 minutes from Universiti Teknologi Mara, and 20 minutes from the Management and Science University. It is accessible via the Federal Highway and Kesas Highway.
“The development is within the bustling town area of Klang and near many amenities,” says Gan. “Although all components will be launched at one go, I believe the project will sell well as prices are reasonable and the location is ideal for families.”
) The Company intends to utilise the net proceeds to be raised from the Proposed Private Placement (after deducting the estimated expenses relating to the Proposed Private Placement) for the Group’s existing mixed development project known as “g Residence” in Johor Bahru, Johor. The project comprises a total of 480 units of serviced apartments and 25 retail units, with an estimated gross development value of RM234 million. The project is expected to be completed by the fourth quarter of the financial year ending 31 March 2018.
(b) The estimated expenses relating to the Proposed Private Placement of RM0.35 million comprise, amongst others, the professional fees, fees payable to the relevant authorities, printing costs of the circular to be despatched to the shareholders and other miscellaneous expenses. Any surplus or shortfall will be adjusted accordingly to/from the portion being earmarked for property related expenditure.
don't be childish icon, it never goes below 0.06 ok. GSB is very sustainable, even recent melt down it sustain well in 0.09 range. I sleep well with such stocks, not with yours GESHEN, BINTAI all punting stocks!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SHOW
2 posts
Posted by SHOW > 2015-05-28 22:20 | Report Abuse
Why does GOD allow this guy to exist?
███████████████████████████████████████████████
Check GSB,
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Posted by calvintaneng > Aug 6, 2014 10:37 AM | Report Abuse
GSB First Target is 18 cents.
After that if Goreng Gang Takes Over. Can Fly Like SILK or ZELAN
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Check BJCORP
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Posted by calvintaneng > Oct 3, 2014 04:07 PM | Report Abuse
See When Calvin promoted PM Corp & MUI Bhd
All say "Trap"
Now All Say Can Buy MUI Bhd because Dr Yu is buying.
FOLLOW THE PIONEER LAH
CALVIN TAN IS BLAZING A TRIAL TO GOLD HILL!███████████████████████████████████████████████
Also Check Calvin ToOo Eng's postings on KBUNAI, Yes, scroll to the
date, where KBUNAI were 7.5 sen, what did this creature said.
許多家庭的破碎,因為CALVIN TAN ENG,
A Rm640 billions cash infusion for Malaysia Vision Valley! More than 250% of 11MP funds or over half a trillion ringgit!
Our 1363 acres of Bkt Unggul lands are right smack in the heart of it all. Our cost per sq ft is only rm2.75
Kbunai has More Value now than Perak Corp when I bought for only 60 cents.
We are onto a powerful winning streak - for a very bright future.
Hold tight your kbunai shares.