Micheal ,I also hope can get more at below 74-77 , but with such good qr unless there is any bad news happening in Malaysia, if not I don’t think will drop until so much.
Banks had a appetite of error up to 20 percent on recommendation.Majority on 8-15 percent error on buying price.Just becareful. Michael Kwok 3141 posts Posted by Michael Kwok > Mar 2, 2021 8:13 PM | Report Abuse X
Dun listen to the bank.Bank means going to bang u all.Please buy at 70 cents range.Preferable 74-77 cents.
Bank tp is around 1.3 , with an error of 8-15 percent the price would be around 1.1 at least..with current 0.8 something I still think it is undervalue. A strong support and buying force at 0.85
paul, construction/property company, you cannot look at those data, those data is history, in order for share price to go up, people look at order book
u should benchmark it to what management guided as per AR2020, 1billion revenue by 2025 not looking at the past data. As long as management progressed towards this motto, then GDB should be doing alright. Hopefully, management should be able to guide in the up-coming AGM on the potential tender-book(currently is rm1.3billion)...and we will know where is addressable market coming from...my 2 cents..
Also, go and have a look on their on-going project progress(not much construction companies will update regularly with pictures)...https://www.gdbhb.com.my/portfolio
Hey Paul, i vested the company since 2018/9 thus the risk/reward will definitely be different from what you had purchased now or recently. You need to define your "stock to keep for long term" whether it is 1-2years or 3-5 years which i can only see up to 2025(as per management's guide) with regularly monitoring qoq.again my 2cts..perhaps shrobin/gener can tell more..they are "sifu" in GDB...
My opinion is that GDB will need to achieve at least 9 sen EPS for 2021 and pays about 3sen dividend in order to be continued the attractiveness to investors.....
Hopefully, 8 Conlay is a better margin project and project execution runs smoothly! The coming Q1 result is crucial and will show some signs on the margin of 8 Conlay.
In order to sustain the profitability for 2022, GDB needs to secure sufficient new orders before the end of this year. This is because most projects on hand will end this year and left with 8 Conlay and Park Regent for 2022......
Agree with shrobin.I noticed a lot of projects will be completed this year. Need to replenish more order book so that it does not rely on 8 Conlay only
If you take 8 Conaly 1.25bil contract value and divided by 34 months, you will get an average of 368 mil per month. So for a quarter is about 110 mil. Plus other projects still in progress, you can expect coming Q1 as a revenue boosting quarter. In fact, the whole year of 2021 will be a revenue boosting year if 8 Conlay project execution runs smoothly!
Although the contract recognition is not proportion, you are likely to see revenue boost for GDB starting from Q1,2021 onwards.
As for the PAT, I can't really say much due to not sure on the margin of 8 Conlay!
The 8 Conlay is an iconic project! A good completion and well execution on this project will boost the image of GDB further for future prestigious projects!
As I have been invested in GDB since 2018, I hope it will do well going forward.
Management has been fair and reasonable so far......
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....
Sogbashen
608 posts
Posted by Sogbashen > 2021-03-02 20:32 | Report Abuse
Micheal ,I also hope can get more at below 74-77 , but with such good qr unless there is any bad news happening in Malaysia, if not I don’t think will drop until so much.