hng33.. You're right to take profit and cabut, there are much better counters than this, 2b outstanding order book and share price regressing, my suggestion is don't support this counter.
a lot ppl scared steell price up will affect Gadang profit. but hor... they already built in high margin when they tender the project. Remember Kok Onn said no good margin they dun tender. and hor, big chunk of Gadang order book is new project, all the price hike has been taken into consideration.
steel price up.... but they always having way to maintain profit...just like you go kopitiam drink Kopi-o ... price maintain but change to smaller cup only.
Steel price up might affect construction profit margin, but their tender margin is so high. Shldn't much affected. Somemore, power concession division shall begin to contribute profit from 2018 onwards. Plantation division already disposed to avoid further losses. Definitely Gadang is undervalued counter all the way.
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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....
notebook
427 posts
Posted by notebook > 2017-09-07 22:00 | Report Abuse
steel price up , profit down. just simple
run fast!!!!!