Posted by godhand > 2018-02-06 16:59 | Report Abuse

Wing23 sold all waiting at rm1 or below

slowly wait

Posted by aidwiz > 2018-02-06 17:00 | Report Abuse

sold alll? already rebound ma late at 5pm

Posted by Ricky Kiat > 2018-02-06 17:01 | Report Abuse

DUMB DUMB HOLD...cheers..

Posted by godhand > 2018-02-06 17:02 | Report Abuse

usually i will buy warrant. but the mother so lan cheap buy also

Posted by HuatRex > 2018-02-06 19:57 | Report Abuse

Warrant drop like a piece of shit

Posted by Lau333 > 2018-02-06 22:32 | Report Abuse

There goes my hope for special dividend post Capital 21….. Buying land at Pontian, Johor.
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1032564

Posted by jibbie > 2018-02-07 00:54 | Report Abuse

sell off first. going down further tmw

Posted by sosfinance > 2018-02-07 01:20 | Report Abuse

Bought a piece of 78acres residential land (12 units per acre) connected to Second Link Highway and surrounded by Setia Eco Garden from Vincent Tan, for RM149m. Should be positive (strategic location). (although sentiment wise at the moment is not so positive, but most importantly, the location is good, hence, potential profits will be good.

Posted by sosfinance > 2018-02-07 09:56 | Report Abuse

The land they invested for Capital City, Johor, is only RM30m over 20 years ago, today, they get share of GDV of RM326m, a very respectable return.

Property has similarity like restaurants. Property is for location, restaurant is for taste, so it is very difficult to generalised the entire property sector industry. Just like some restaurants (also glut), some property developers are doing good, despite generally sentiment (due to overbuilt) is not good.

The critical issue here is the ability to sell. Good location (like good taste), normally will attract buyers (customers).

Posted by Malatlou > 2018-02-07 11:50 | Report Abuse

Hopeless stock. Sell call!

Posted by Patrick13 > 2018-02-07 13:15 | Report Abuse

Dun think Gadang will declare special dividend.
Instead, they will pay off the loan interest as soon as possible after interest rate hike announced last month.

Lau333 There goes my hope for special dividend post Capital 21….. Buying land at Pontian, Johor.
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1032564
06/02/2018 22:32

Posted by fish88 > 2018-02-07 14:17 | Report Abuse

what rational behind hoping for special dividend post capital 21 open? unless this project makes big money, isn't?

Posted by Her Sin > 2018-02-07 14:47 | Report Abuse

Stupid stock again,those big lots throw all get stabbed

Posted by Flintstones > 2018-02-07 15:24 | Report Abuse

Oh dear. The land acquisition makes business sense but shareholders may not like it

Posted by Fabien Extraordinaire > 2018-02-07 15:31 | Report Abuse

probably too much expectations had built in on sepcial dividends.

Posted by Fabien Extraordinaire > 2018-02-07 15:32 | Report Abuse

icon8888 may come up with another written piece?

Posted by Takashi > 2018-02-07 15:33 | Report Abuse

经过多次被炒家捶残之后 这股已经没有味道了 好比一条化被黑人强暴

Posted by Takashi > 2018-02-07 15:45 | Report Abuse

那幅地 种榴莲会更好吧！

Posted by Flintstones > 2018-02-07 19:42 | Report Abuse

One of the peril of investing in properties business is cash has to be reinvested to buy up more lands to keep business going

Posted by lhoong > 2018-02-07 21:54 | Report Abuse

To buy Johor land from tycoon Danny Tan's private firm for RM149m. Gadang Holdings is acquiring two parcels of freehold land totalling 78 acres in Pontian, Johor from GP Views Development SB — a private company owned by Tropicana Corp founder Tan Sri Danny Tan Chee Sing and his family — for RM149m cash. Gadang said the proposed acquisition is in line with its strategy to expand the revenue and earnings contribution from its property development segment. It added that the land comes with a master development layout approval, which will be procured by GP Views for residential development with the density of 12 units per acre.

MIEA positive on property market in 2018. The Malaysian Institute of Estate Agents (MIEA) is positive on the local property market despite the hike in the overnight policy rate (OPR), given the strong economic growth, low unemployment rate and young demographic. MIEA President, Eric Lim said the newly launched Digital Free Trade Zone, coupled with rising crude oil prices would be significant catalysts for economic growth, thus lifting the property market.

Posted by didi2005 > 2018-02-07 22:20 | Report Abuse

Gadang cash on hands around 200m++

Brought the land need 149m...

Long term properties is good, but not so fast can see return, at least need wait 1-2 years...

Posted by Takashi > 2018-02-07 23:07 | Report Abuse

昔日光辉不在，昔日雄风难整
明日复明日，天天都在盼

Posted by sosfinance > 2018-02-07 23:11 | Report Abuse

Gadang is anticipating to receive huge cash inflow from Capital City. For manufacturing, it will expand the capacity by starting a new manufacturing line, so, it is very natural for property developer to increase capacity by buying new land banks.

Including this purchase, Gadang has bought about RM300m worth of land over a year plus + entered one or two JVs with land owners for property development, which has increase drastically its GDV, from perhaps RM3b to RM5b. Of course, depends on the scale, it may takes many years to develop. More importantly, Gadang is able to sell, on the pretext the location is in demand.

Unfortunately, sentiment towards property development is negative due to "glut" in a few segments like luxury condos, retails, offices, shoplots etc. For landed properties, demand is still positive.

After all, based on the plot of 78 acres purchased, they are only allow to build 12 units per acre, total of about 900 units. With a good location, demand should be there. Anyway, it takes time, its not immediate. (if we look at IJM Corp or Gamuda, both went into property development, and if you look into their past earnings, you will not be able to tell what is the property sector contributing. As long as it makes reasonable cash flow, it is a good business, although its tough. Even Scientex, a manufacturing company, did quite well in its property development foray).

Posted by HuatRex > 2018-02-08 02:10 | Report Abuse

Sosfinance, Is gadang still a good investment? The stock almost stagnant for year.

Posted by jibbie > 2018-02-08 06:58 | Report Abuse

article in theedgemarkets today. Buy TP RM1.69

Posted by sosfinance > 2018-02-08 07:41 | Report Abuse

If we still believe that long term, the market is a weighing machine, Gadang potential is good, both in value and growth (because the next 3 years average PAT is about RM130p.a or more., now is only RM100m).

FA does not tell you the direction of the stock price. Liquidity and sentiment will.

(Hap Seng Consolidated stagnant for 5-6 years (when it was around RM2), until the last 4 years, it went up 5x (from RM2 to RM10), not many can hold that long.

Posted by Takashi > 2018-02-08 11:06 | Report Abuse

投资土地资源 是传统思维 守个3-5年 肯定有大回酬 我支持 我手上还有wb 650lot @0.556 之前有母股250lot125 买进1.37 卖了全部(0.88 也买到2017头）我的TP1.48gadang 可是如果在大选之前还没有拿到大projek 价钱是肯定不会up 目前指数点都很高很多股价都跌到在1600点之前价位 以我之见我对这股已经失去信心（新的管理层 没有信心 ） 投资是以长期为主 j建筑是属于周期性 低买高卖 有得罪的请见谅

Posted by Fabien Extraordinaire > 2018-02-08 16:23 | Report Abuse

it depends on ur investment objective dictating your strategies and horizon.

property market is at downcycle, u would not see big contribution at this moment, or even next 1-2 years.

u can buy some for long term exposure, but if ur strategy to buy for immediate catalyst that will crystalise say 1 year, then that's a different story

Posted by Fabien Extraordinaire > 2018-02-08 16:30 | Report Abuse

investors probably freaked out by the RM149mil cash purchase wiping out their cash holding substantially

Posted by sosfinance > 2018-02-08 18:11 | Report Abuse

I hope investors will not get freaked out if they receive about RM220m in the next 2 years from Capital City.

Came out in the Edge Daily, the Johor Land GDV is about RM550m, or RM560k per unit, slightly lower than Setia Eco (selling at RM600k) seems reasonable. After all, it is a landed properties, hopefully demand is not too bad.

Posted by limch > 2018-02-09 09:35 | Report Abuse

Pulai land bought from Tropicana boss Danny Tan-Focus.

Posted by sosfinance > 2018-02-09 09:58 | Report Abuse

Expected completion by June 2019, one and a half year from now.

Posted by SuperNajib > 2018-02-09 10:57 | Report Abuse

haha stupid no sell all just wait below 1 to collect! 1.01 bought abit yummy

Posted by Malatlou > 2018-02-09 15:52 | Report Abuse

Please collect more and throw at lower price! Stupid harryteo over promote counter

Posted by pc_FA > 2018-02-09 18:21 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5688893

Posted by sosfinance > 2018-02-11 10:25 | Report Abuse

Interesting disclosure on Gadang:

1) CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD - 23,210,500 shares
2) CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FD BD (PHEIM) - 4,461,400 shares
3) CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FD BD(TEMPLETON) - 2,413,350 shares
4) CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLYS PRVNT FD BD(RHBISLAMIC)IC - 10,584,400 shares
5) CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLYS PRVNT FD BD(F.TEMISLAMIC) IC - 4,113,300 shares

2017 - EPF gave 6.9%
2018 - Hopefully higher

Posted by HuatRex > 2018-02-11 15:54 | Report Abuse

Please don't disappoint us gadang

Posted by investor88 > 2018-02-11 20:22 | Report Abuse

Hmm. Something is brewing that EPF has been accumulating shares and never disposed for quite some times. Maybe there will be good news coming soon for Gadang ???

The only link between Gadang and EPF would be the Kwasa Land deal.Hopefully they can announce some good news to the market soon !!

Posted by HuatRex > 2018-02-11 21:58 | Report Abuse

Don't announce now. Market like shit

Posted by cg123 > 2018-02-12 12:02 | Report Abuse

Big institutions buying, index green but this counter moving backwards.. Really bolat

Posted by Jarklp > 2018-02-12 21:20 | Report Abuse

Haha., I was curious why they hold so much cash after the quarterly report. At least now they make a better use of the RM200m cash to purchase land.

Posted by sosfinance > 2018-02-15 14:35 | Report Abuse

Growth only add value when ROIC > COC. Focus on its capital allocation, make an estimates between its ROIC vs COC on its RM149 million investment. Was told the GDV is RM550 million.

Posted by 牛角胜tanduklembu > 2018-02-21 18:11 | Report Abuse

Takashi 不要失望，Project 来了，hold hold hold。100%

Posted by jibbie > 2018-02-22 18:19 | Report Abuse

property market not good now. 40% of Gadang revenue from property segment. not for short term play

Posted by Patrick13 > 2018-02-23 11:52 | Report Abuse

Definitely Gadang is for long term play. I hold it near 3 years but price still hovering. But my reward is good dividend and bonus split/share :)

Posted by 牛角胜tanduklembu > 2018-02-23 17:53 | Report Abuse

This time dun need to hold for years. Patrick13 / Takshi " Taniah" pegang kuat-kuat.

Posted by mianpao > 2018-02-23 20:51 | Report Abuse

sosfinance, what do you think about the never ending esos? isnt it suppose to dilute gadang's earnings further? i am puzzled why the management continue to exercise esos

Posted by sosfinance > 2018-02-23 23:04 | Report Abuse

@mianpao,
1.Gadang has 82m ESOS at 86 sen.
2.ESOS is spread over 5 years
3.Total proceed raised is RM71m.
4.Impact on NTA is 1 sen (based on enlarge share capital + SF)
5.Impact on EPS is 1 sen (based on enlarged share capital vs additional profit of say RM5m from the proceeds)
6. Theory impact on market cap is, improved RM5m profit x PE 10x = about RM50m.
7. In conclusion (divided over 5 years), negligible. (the bigger the SF, the smaller the impact, the higher the profits, the smaller the impact over the years)

Posted by jibbie > 2018-02-26 13:32 | Report Abuse

@sosfinance : thanks. you make sense. bought more Gadang today

Posted by sosfinance > 2018-02-26 16:23 | Report Abuse

The only way to allay the weak property sentiment in Gadang is the future profits which is expected a CAGR of 12-15% for FYE16-19.

Gadang is focus on affordable housing and landed properties which are still in demand (less negative impact). Therefore, investors need to be patience, one of the important tenets of a good investor.