"The Board expects the current year performance to be weaker due to the sluggish market condition of the property sector. The construction division’s ability to contain the higher operating cost is critical to its overall profitability for the existing technically more complex infrastructure projects."
Hmmm.... ...and the MD buy more shares when performance to be "weaker".......
Mr MD also qualified, The Board expects the "current year performance" to be weaker. MD's know by 31 May 2018 (FYE), about 39 days away, its FYE18 results is weaker than FYE17. So, the question is, did he buy on the pretext of this 39 days, or on a longer horizon? But I think more importantly, what is your independent opinion - and also- independent ACTION.
anyway those who bought in 2016 at the lowest 1.10 now still make a lot cos already split and bonus. 1 become 2.5+ 0.25 free warrants. so if now 82cts meaning 2.0625+ 0.07cts for the warrant.now still almost 90% profit
I bought Gadang when it is still 2.06 in 2016 and I sold after split at around 1.1 to 1.2+, leftover free share from profit. However, I slowly gather from 0.8 to 1, I still feel Gadang is a good counter, remember sell high buy low =D
There are other good construction counters too, e.g. Kimlun and Gkent, but problem is whether people has the patient to wait, hold and become rich only =)
The Board expects the current year performance to be weaker due to the sluggish market condition of the property sector. The construction division’s ability to contain the higher operating cost is critical to its overall profitability for the existing technically more complex infrastructure projects.
No longer growing stock, for those who keep on mention PE low and shit please go buy hengyuan PE less than 3, and I will see you go to hell. This stock no longer SHINE, just like Mitra
People always look at profit performance only but even din know to read its financial position:
Financial Position: - Gadang NTA improved to RM1.03/share (3Q17: RM0.91/share) - Current ratio of 3.24 means working capital is very healthy - debt/equity ratio is 0.41 due to loan & borrowings increased to RM284.28mil for financing of investment property in Damansara Perdana of RM45mil, projected expenditure for concession assets in Indonesia, CAPEX in construction & property development division
Prospects: Construction division: RM1.59bil outstanding order Property division: RM134mil unbilled sales. Currently they have total land bank of 442.20 acres or RM3.89bil GDV. Utility division: Main hydro project in Indonesia is expected to generate income by 2nd quarter of FY2019
Others: Capital commitment: RM141.5mil for the balance of acquisition for 2 parcel land in Pontian, Johor. Corporate exercise: Acquisition of 49% equity interest of Datapuri as announced on 16/4/18
A bit upset that they are using "sluggish" this word to describe current property sector. But pls, if look at single construction division only, does the market fairly reflect its true value based on its solid balance sheet and huge order on hand?
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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....
Kent Chong
9 posts
Posted by Kent Chong > 2018-04-18 12:08 | Report Abuse
If you look at 2017 annual report, net assets of Datapuri is RM6.5 million. 49% at RM2.5 million is cheap