Right now, it is construction theme...rotational play
Alot of it depends on Gadang's capability. Based on past records, Gadang has plenty of experience in rail construction evident from their MRT, LRT...so, let us hope they can secure a mega contract or two to replenish their dwindling order book.
Now, the immediate danger is the proliferation of the Covid19 amongst its doreign workers which may result in them being shut down by the authorities.
wow. gadang really doing very great today close at 0.48. compared to it peers, it really perform quite good today . will top up 2morow morning. and its quarterly report is out. i guess will be safer to masuk this counter and with it vast experience in mega project. Gadang looked proobably will get involve in ecrl and hsr
@ ikoky...normally, government projects are in the neighbourhood of middle to high single digit profit margin....RM8.8M profit is just the best case scenario. Hence, RM8.8M over 2 years divided by 700M shares...the EPS from this project is just chicken shit.. I wonder why Gadang even bother to submit their tender to bid for such chicken shit, nose shit, small fry projects.....waste their time and effort....
kancs is right, the contract value is really low, even nut company like hohup got bigger cake lets see whether the market for construction sectors is logical or not
Gadang Holdings Bhd’s wholly-owned unit Gadang Engineering (M) Sdn Bhd has secured two contracts worth a combined RM81.18 million from China Communications Construction (ECRL) Sdn Bhd in respect of the East Coast Rail Link project.
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....
PresidentRotiCanai
1,122 posts
Posted by PresidentRotiCanai > 2020-05-27 12:04 | Report Abuse
NTA 1.12. Just break tunnel amd continue will fly until HSR, ECRL announce