GC sifu, hantam kao kao also no use, kok onn himself also lose money, he bot 130 and above...maybe he will also overturn table tomorrow. don't sit too near.
Hi all ...anyone attending AGM today ? Can someone do an audio recording and share it here ? I attended every year but due to poor health, have decided to skip it this year .
*gadang already claim 60m from capital city project.(remaining 260m) *capital city land cost(31m)(bought 20 years ago) . *property unbill sale 116M (44m from capital city).
construction division *to date 8/2017, orderbook is around 1.68B. * mention by kok onn ,gadang is one of the company can done the tunneling works .(maybe gadang is aiming mrt3 ?) *mention by kok onn, gadang is one of the company can deliver on time (petronas rapid project) *still tendering 1 Lrt3 project.
no one ask any increase in unbilled sales of properties after the report date? this 116mil is in Qtr report ler... There was a new launch near that date...
Guys, this share is like your FD. Keep for long term. Short term you will not see any benefit including price movement. If you look at Gadang 2017, except the beginning of the year the price went up to today level, it has always maintain at this level till now ( i am looking at year). However it gives you 3 sens dividen for what you are holding. That is reasonable and most important you know they will not go bankrupt in few years. Also the management doesn't sounds like the type where they are looking to sell their company to make quick money. They have also venture into Energy and utility field which makes them less dependent on Construction (majority of the job are from government infrastructure which can be exausted really quick) or property development. They have spend 10 years to build up utility division, after 10 years only have such tiny result. So it is good that the Tan Sri Kok Onn have this vision because it is not easy to build utility supply. Another example of such company is YTL. took them so many years and money to have power plant business. So be patient and short term you will not see huge gain.
Construction stock is weak especially after Government announced that coming MRT3 will adopt turnkey contractor model to undertake projects instead of past Project Delivery Partner (PDP). Those construction companies have to find themselves the sources of financing for the project since Government don't want to bear the cost burden now.
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....
stockistlearner
903 posts
Posted by stockistlearner > 2017-11-07 16:02 | Report Abuse
Sell lo. 40c coming. Lol