Highlights
KLSE: GADANG (9261)       GADANG HOLDINGS BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.395   0.00 (0.00%)  0.385 - 0.395  907,800
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Financials


Market Cap: 288 Million

Market Cap 288 Million
NOSH 728 Million

Latest Audited Result:  31-May-2023

Latest Audited Result: 31-May-2023
Announcement Date 11-Oct-2023
Next Audited Result: 31-May-2024
Est. Ann. Date: 11-Oct-2024
Est. Ann. Due Date: 27-Nov-2024

Latest Quarter:  30-Nov-2023 [#2]

Latest Quarter: 30-Nov-2023 [#2]
Announcement Date 24-Jan-2024
Next Quarter: 29-Feb-2024
Est. Ann. Date: 26-Apr-2024
Est. Ann. Due Date: 29-Apr-2024
QoQ | YoY   -77.43%  |    1,329.59%

Annual (Unaudited) ( EPS: -4.03, P/E: -9.81 )

Revenue | NP to SH 496,073  |  -29,325
RPS | P/RPS 68.14 Cent  |  0.58
EPS | P/E | EY -4.03 Cent  |  -9.81  |  -10.20%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.09  |  0.36
YoY   -170.58%
NP Margin | ROE -8.30%  |  -3.70%
F.Y. | Ann. Date 31-May-2023  |  28-Jul-2023

T4Q Result ( EPS: -3.44, P/E: -11.48 )

Revenue | NP to SH 529,852  |  -25,057
RPS | P/RPS 72.78 Cent  |  0.54
EPS | P/E | EY -3.44 Cent  |  -11.48  |  -8.71%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.10  |  0.36
QoQ | YoY   4.94%  |    -637.82%
NP Margin | ROE -7.44%  |  -3.13%
F.Y. | Ann. Date 30-Nov-2023  |  24-Jan-2024

Annualized Result ( EPS: 2.10, P/E: 18.90 )

Revenue | NP to SH 583,836  |  15,218
RPS | P/RPS 80.19 Cent  |  0.49
EPS | P/E | EY 2.10 Cent  |  18.90  |  5.29%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -38.72%  |    127.75%
NP Margin | ROE 1.94%  |  1.90%
F.Y. | Ann. Date 30-Nov-2023  |  24-Jan-2024


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-May-2024 24-Jan-2024 30-Nov-2023 2 162,443 3,747 183 1,401 - 800,867 - % 0.11% 0.17% 728,061 22.31 22.31 0.19 0.19 0.00 0.00 1.1000 1.10   -77.43%   1,329.59% 30-Nov-2023 0.33 1.48 171.49 0.30 0.58% 0.00% 24-Jan-2024 0.41 1.84 213.07 0.37 0.47% 0.00%
31-May-2024 25-Oct-2023 31-Aug-2023 1 129,475 8,810 5,486 6,208 - 800,867 - % 4.24% 0.78% 728,061 17.78 17.78 0.85 0.85 0.00 0.00 1.1000 1.10   122.41%   91.43% 30-Aug-2023 0.345 1.94 40.46 0.31 2.47% 0.00% 25-Oct-2023 0.315 1.77 36.94 0.29 2.71% 0.00%
31-May-2023 28-Jul-2023 31-May-2023 4 113,951 -37,187 -40,329 -27,706 - 793,586 - % -35.39% -3.49% 728,061 15.65 15.65 -3.81 -3.81 0.00 0.00 1.0900 1.09   -458.59%   -571.17% 31-May-2023 0.29 1.85 -7.62 0.27 -13.12% 0.00% 0.335 2.14 -8.80 0.31 -11.36% 0.00%
31-May-2023 26-Apr-2023 28-Feb-2023 3 123,983 508 -4,746 -4,960 - 815,428 - % -3.83% -0.61% 728,061 17.03 17.03 -0.68 -0.68 0.00 0.00 1.1200 1.12   -5,161.22%   -191.08% 28-Feb-2023 0.305 1.79 -44.77 0.27 -2.23% 0.00% 26-Apr-2023 0.295 1.73 -43.30 0.26 -2.31% 0.00%
31-May-2023 18-Jan-2023 30-Nov-2022 2 130,723 2,663 267 98 - 815,428 - % 0.20% 0.01% 728,061 17.95 17.95 0.01 0.01 0.00 0.00 1.1200 1.12   -96.98%   -99.73% 30-Nov-2022 0.325 1.81 2,414.49 0.29 0.04% 0.00% 0.335 1.87 2,488.78 0.30 0.04% 0.00%
31-May-2023 26-Oct-2022 31-Aug-2022 1 127,416 6,119 3,612 3,243 - 829,989 - % 2.83% 0.39% 728,061 17.50 17.50 0.45 0.45 0.00 0.00 1.1400 1.14   178.56%   -12.16% 30-Aug-2022 0.345 1.97 77.45 0.30 1.29% 0.00% 26-Oct-2022 0.30 1.71 67.35 0.26 1.48% 0.00%
31-May-2022 27-Jul-2022 31-May-2022 4 138,177 2,100 -4,077 -4,128 5,096 829,989 - % -2.95% -0.50% 728,061 18.98 18.98 -0.57 -0.57 0.70 0.70 1.1400 1.14   -175.80%   -211.51% 31-May-2022 0.375 1.98 -66.14 0.33 -1.51% 1.87% 27-Jul-2022 0.35 1.84 -61.73 0.31 -1.62% 2.00%
31-May-2022 27-Apr-2022 28-Feb-2022 3 119,515 10,229 6,356 5,446 - 844,550 - % 5.32% 0.64% 728,061 16.42 16.42 0.75 0.75 0.00 0.00 1.1600 1.16   -85.10%   92.10% 28-Feb-2022 0.385 2.35 51.47 0.33 1.94% 0.00% 27-Apr-2022 0.425 2.59 56.82 0.37 1.76% 0.00%
31-May-2022 26-Jan-2022 30-Nov-2021 2 259,665 51,834 36,822 36,541 - 829,989 - % 14.18% 4.40% 728,060 35.67 35.67 5.02 5.02 0.00 0.00 1.1400 1.14   889.73%   1,054.90% 30-Nov-2021 0.36 1.01 7.17 0.32 13.94% 0.00% 26-Jan-2022 0.37 1.04 7.37 0.32 13.56% 0.00%
31-May-2022 27-Oct-2021 31-Aug-2021 1 134,636 5,972 3,957 3,692 - 793,586 - % 2.94% 0.47% 728,060 18.49 18.49 0.51 0.51 0.00 0.00 1.0900 1.09   -0.27%   573.72% 30-Aug-2021 0.385 2.08 75.92 0.35 1.32% 0.00% 27-Oct-2021 0.40 2.16 78.88 0.37 1.27% 0.00%
31-May-2021 28-Jul-2021 31-May-2021 4 152,333 6,532 3,742 3,702 2,184 822,708 59.00% 2.46% 0.45% 728,060 20.92 20.92 0.51 0.51 0.30 0.30 1.1300 1.13   30.58%   816.34% 31-May-2021 0.39 1.86 76.70 0.35 1.30% 0.77% 28-Jul-2021 0.375 1.79 73.75 0.33 1.36% 0.80%
31-May-2021 28-Apr-2021 28-Feb-2021 3 138,912 5,786 2,971 2,835 - 815,428 - % 2.14% 0.35% 728,060 19.08 19.08 0.39 0.39 0.00 0.00 1.1200 1.12   -10.40%   -71.73% 26-Feb-2021 0.40 2.10 102.72 0.36 0.97% 0.00% 28-Apr-2021 0.425 2.23 109.14 0.38 0.92% 0.00%
31-May-2021 27-Jan-2021 30-Nov-2020 2 168,115 5,776 3,307 3,164 - 815,428 - % 1.97% 0.39% 728,060 23.09 23.09 0.43 0.43 0.00 0.00 1.1200 1.12   477.37%   -70.83% 30-Nov-2020 0.41 1.78 94.34 0.37 1.06% 0.00% 27-Jan-2021 0.385 1.67 88.59 0.34 1.13% 0.00%
31-May-2021 21-Oct-2020 31-Aug-2020 1 115,392 2,059 685 548 - 815,428 - % 0.59% 0.07% 728,060 15.85 15.85 0.08 0.08 0.00 0.00 1.1200 1.12   35.64%   -96.31% 28-Aug-2020 0.435 2.74 577.93 0.39 0.17% 0.00% 21-Oct-2020 0.39 2.46 518.15 0.35 0.19% 0.00%
31-May-2020 29-Jul-2020 31-May-2020 4 115,595 6,536 353 404 7,258 820,231 1,796.71% 0.31% 0.05% 725,869 15.93 15.88 0.06 0.06 1.00 1.00 1.1300 1.13   -95.97%   111.94% 29-May-2020 0.505 3.17 907.34 0.45 0.11% 1.98% 29-Jul-2020 0.42 2.64 754.62 0.37 0.13% 2.38%
31-May-2020 14-May-2020 29-Feb-2020 3 212,144 16,852 10,085 10,030 - 794,500 - % 4.75% 1.26% 709,375 29.91 29.14 1.41 1.38 0.00 0.00 1.1200 1.09   -7.52%   -24.60% 28-Feb-2020 0.57 1.91 40.31 0.51 2.48% 0.00% 14-May-2020 0.40 1.34 28.29 0.36 3.53% 0.00%
31-May-2020 22-Jan-2020 30-Nov-2019 2 197,718 15,087 10,949 10,846 - 769,191 - % 5.54% 1.41% 692,965 28.53 27.16 1.57 1.49 0.00 0.00 1.1100 1.06   -26.94%   -36.31% 29-Nov-2019 0.68 2.38 43.45 0.61 2.30% 0.00% 22-Jan-2020 0.685 2.40 43.77 0.62 2.28% 0.00%
31-May-2020 23-Oct-2019 31-Aug-2019 1 147,599 20,988 14,954 14,845 - 750,832 - % 10.13% 1.98% 676,426 21.82 20.27 2.19 2.04 0.00 0.00 1.1100 1.03   538.55%   -10.26% 30-Aug-2019 0.695 3.19 31.67 0.63 3.16% 0.00% 23-Oct-2019 0.66 3.02 30.07 0.59 3.33% 0.00%
31-May-2019 24-Jul-2019 31-May-2019 4 196,904 3,266 -3,431 -3,385 7,940 734,510 - % -1.74% -0.46% 661,720 29.76 27.04 -0.51 -0.46 1.20 1.09 1.1100 1.01   -125.45%   -114.55% 31-May-2019 0.86 2.89 -168.12 0.77 -0.59% 1.40% 24-Jul-2019 0.91 3.06 -177.89 0.82 -0.56% 1.32%
31-May-2019 24-Apr-2019 28-Feb-2019 3 205,325 22,438 13,520 13,302 - 734,510 - % 6.58% 1.81% 661,720 31.03 28.20 2.01 1.83 0.00 0.00 1.1100 1.01   -21.89%   -47.09% 28-Feb-2019 0.595 1.92 29.60 0.54 3.38% 0.00% 24-Apr-2019 0.90 2.90 44.77 0.81 2.23% 0.00%
31-May-2019 23-Jan-2019 30-Nov-2018 2 168,515 22,499 16,962 17,029 - 721,275 - % 10.07% 2.36% 661,720 25.47 23.15 2.57 2.34 0.00 0.00 1.0900 0.99   2.94%   -39.98% 30-Nov-2018 0.545 2.14 21.18 0.50 4.72% 0.00% 23-Jan-2019 0.61 2.40 23.70 0.56 4.22% 0.00%
31-May-2019 19-Oct-2018 31-Aug-2018 1 129,149 22,816 16,538 16,542 - 721,275 - % 12.81% 2.29% 661,720 19.52 17.74 2.50 2.27 0.00 0.00 1.0900 0.99   -28.91%   -9.80% 30-Aug-2018 0.70 3.59 28.00 0.64 3.57% 0.00% 19-Oct-2018 0.675 3.46 27.00 0.62 3.70% 0.00%
31-May-2018 25-Jul-2018 31-May-2018 4 182,007 33,302 23,301 23,270 19,765 698,382 84.94% 12.80% 3.33% 658,851 27.62 25.00 3.53 3.20 3.00 2.71 1.0600 0.96   -7.45%   -22.40% 31-May-2018 0.665 2.41 18.83 0.63 5.31% 4.51% 25-Jul-2018 0.80 2.90 22.65 0.75 4.41% 3.75%
31-May-2018 23-Apr-2018 28-Feb-2018 3 152,680 35,809 25,029 25,143 - 677,738 - % 16.39% 3.71% 657,999 23.20 20.97 3.82 3.45 0.00 0.00 1.0300 0.93   -11.38%   -2.50% 28-Feb-2018 1.06 4.57 27.74 1.03 3.60% 0.00% 23-Apr-2018 0.83 3.58 21.72 0.81 4.60% 0.00%
31-May-2018 24-Jan-2018 30-Nov-2017 2 142,867 38,275 28,532 28,371 - 650,889 - % 19.97% 4.36% 657,464 21.73 19.62 4.32 3.90 0.00 0.00 0.9900 0.89   54.70%   1.67% 30-Nov-2017 1.09 5.02 25.26 1.10 3.96% 0.00% 24-Jan-2018 1.14 5.25 26.42 1.15 3.79% 0.00%
31-May-2018 25-Oct-2017 31-Aug-2017 1 116,740 25,178 18,393 18,339 - 644,165 - % 15.76% 2.85% 657,311 17.76 16.03 2.79 2.52 0.00 0.00 0.9800 0.88   -38.84%   9.84% 30-Aug-2017 1.25 7.04 44.80 1.28 2.23% 0.00% 25-Oct-2017 1.21 6.81 43.37 1.23 2.31% 0.00%
31-May-2017 26-Jul-2017 31-May-2017 4 163,784 45,023 30,110 29,986 19,429 615,263 64.79% 18.38% 4.87% 647,645 25.29 22.50 4.63 4.12 3.00 2.67 0.9500 0.85   16.27%   -3.50% 31-May-2017 1.25 4.94 27.00 1.32 3.70% 2.40% 26-Jul-2017 1.28 5.06 27.65 1.35 3.62% 2.34%
31-May-2017 19-Apr-2017 28-Feb-2017 3 128,045 37,048 26,003 25,789 - 0 - % 20.31% - % 389,561 32.87 17.59 3.99 3.54 0.00 0.00 0.0000 0.00   -7.58%   2.70% 28-Feb-2017 1.08 3.29 16.31 0.00 6.13% 0.00% 19-Apr-2017 1.27 3.86 19.18 0.00 5.21% 0.00%
31-May-2017 25-Jan-2017 30-Nov-2016 2 147,121 36,356 27,933 27,905 - 0 - % 18.99% - % 262,758 55.99 20.21 4.32 3.83 0.00 0.00 0.0000 0.00   67.14%   57.47% 30-Nov-2016 0.94 1.68 8.85 0.00 11.30% 0.00% 25-Jan-2017 1.03 1.84 9.70 0.00 10.31% 0.00%
31-May-2017 27-Oct-2016 31-Aug-2016 1 103,851 22,490 16,622 16,696 - 516,904 - % 16.01% 3.23% 258,452 40.18 14.26 2.58 2.29 0.00 0.00 2.0000 0.71   -46.27%   -19.97% 30-Aug-2016 2.87 7.14 44.43 1.44 2.25% 0.00% 27-Oct-2016 3.29 8.19 50.93 1.65 1.96% 0.00%
31-May-2016 21-Jul-2016 31-May-2016 4 247,495 38,386 30,778 31,073 16,198 189,750 52.13% 12.44% 16.38% 231,403 106.95 33.99 5.52 4.27 7.00 2.22 0.8200 0.26   23.74%   22.32% 31-May-2016 2.08 1.94 15.49 2.54 6.46% 3.37% 21-Jul-2016 2.33 2.18 17.35 2.84 5.76% 3.00%
31-May-2016 28-Apr-2016 29-Feb-2016 3 175,915 34,903 25,504 25,111 - 433,796 - % 14.50% 5.79% 223,606 78.67 24.16 11.23 3.45 0.00 0.00 1.9400 0.60   0.00%   55.31% 29-Feb-2016 2.07 2.63 18.43 1.07 5.43% 0.00% 28-Apr-2016 2.03 2.58 18.08 1.05 5.53% 0.00%
31-May-2016 28-Feb-2016 3 175,915 34,903 25,504 25,111 - - - % 14.50% - % 249,364 70.55 24.16 10.07 3.45 0.00 0.00 - -   41.70%   55.31% 26-Feb-2016 2.06 2.92 20.46 0.00 4.89% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-May-2016 21-Jan-2016 30-Nov-2015 2 101,980 25,496 17,663 17,721 - 408,946 - % 17.32% 4.33% 223,467 45.64 14.01 7.93 2.43 0.00 0.00 1.8300 0.56   -15.06%   108.21% 30-Nov-2015 1.87 4.10 23.58 1.02 4.24% 0.00% 21-Jan-2016 2.18 4.78 27.49 1.19 3.64% 0.00%
31-May-2016 29-Oct-2015 31-Aug-2015 1 149,382 25,878 20,757 20,862 - 405,951 - % 13.90% 5.14% 217,086 68.81 20.52 9.61 2.87 0.00 0.00 1.8700 0.56   -17.88%   118.75% 28-Aug-2015 1.20 1.74 12.49 0.64 8.01% 0.00% 29-Oct-2015 1.57 2.28 16.34 0.84 6.12% 0.00%
31-May-2015 30-Jul-2015 31-May-2015 4 169,755 32,773 25,968 25,404 10,815 216,317 42.58% 15.30% 11.74% 216,317 78.48 23.32 11.84 3.49 5.00 1.49 1.0000 0.30   57.13%   195.70% 29-May-2015 1.46 1.86 12.43 1.46 8.04% 3.42% 30-Jul-2015 1.44 1.83 12.26 1.44 8.16% 3.47%
31-May-2015 23-Apr-2015 28-Feb-2015 3 169,689 26,855 16,482 16,168 - 357,124 - % 9.71% 4.53% 216,439 78.40 23.31 7.47 2.22 0.00 0.00 1.6500 0.49   89.97%   -15.91% 27-Feb-2015 1.52 1.94 20.35 0.92 4.91% 0.00% 23-Apr-2015 1.53 1.95 20.48 0.93 4.88% 0.00%
31-May-2015 16-Jan-2015 30-Nov-2014 2 114,596 12,488 8,689 8,511 - 340,006 - % 7.58% 2.50% 216,564 52.92 15.74 3.93 1.17 0.00 0.00 1.5700 0.47   -10.76%   2.91% 28-Nov-2014 1.56 2.95 39.69 0.99 2.52% 0.00% 16-Jan-2015 1.45 2.74 36.90 0.92 2.71% 0.00%
31-May-2015 28-Oct-2014 31-Aug-2014 1 133,358 12,708 9,642 9,537 - 339,525 - % 7.23% 2.81% 216,258 61.67 18.32 4.41 1.31 0.00 0.00 1.5700 0.47   11.01%   33.63% 29-Aug-2014 1.77 2.87 40.14 1.13 2.49% 0.00% 28-Oct-2014 1.49 2.42 33.79 0.95 2.96% 0.00%
31-May-2014 24-Jul-2014 31-May-2014 4 142,994 12,544 9,209 8,591 7,861 196,539 91.51% 6.44% 4.37% 196,539 72.76 19.64 4.37 1.18 4.00 1.08 1.0000 0.27   -55.32%   312.24% 30-May-2014 1.66 2.28 37.98 1.66 2.63% 2.41% 24-Jul-2014 2.01 2.76 45.98 2.01 2.17% 1.99%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  38 people like this.
 
Smart Beginners someone is pressing the price. Don’t buy now wait for breakout
10/01/2024 8:39 AM
pangolin let gadang hold my ball tight and warm more than 2 years ,
is good time to see gadang move upwards for better prospects , as long as market sentimental is good , is good or construction sector , is good for gadang as well
10/01/2024 11:27 PM
kevinobc gadang coming 50sen !
16/01/2024 9:16 AM
pangolin Eik ??? What Happening to Gadang ? Any heart attack news , 40c now after 2 years ....
16/01/2024 11:11 AM
Smart Beginners Big volume come let see the closing…
16/01/2024 11:27 AM
Smart Beginners looks like going to holland
16/01/2024 4:14 PM
pangolin niama .... 2 days show time only ..... make lim pek song song for nothing
17/01/2024 6:22 PM
kancs3118 Let you feel stim first ....baru potong stim
18/01/2024 10:24 PM
pangolin let me feel like cny mood coming to town ...
20/01/2024 11:19 AM
kancs3118 Move some funds to IJM ,bro
21/01/2024 8:19 AM
Ammar Roshidy Hopes it stays positive for the year.
23/01/2024 11:55 AM
kancs3118 Quarter results is about to be released....
23/01/2024 1:39 PM
Smart Beginners Already sleep 4 year still got hope?
24/01/2024 9:24 AM
kancs3118 Alot gonna hinge on this upcoming QTR result - supposed to be released either today Wednesday or this Friday.
24/01/2024 12:45 PM
Ammar Roshidy I hope Gadang gets its footing. When local contractors are trying to tie up with Chinese contractors firm as Gadang would fall back. It's time for Govt to step in and have a new ruling for local firms. Govt must protect the local participation, otherwise matilah.
24/01/2024 12:51 PM
kancs3118 Are you talking about the ERCL?
24/01/2024 3:08 PM
Smart Beginners Susah la gadang someone is pressing the price long time ago, when other construction up , gadang up little bit but other construction drop gadang drop more
24/01/2024 4:33 PM
kancs3118 QTR results is totally unimpressive
24/01/2024 8:49 PM
kancs3118 Construction division is bleeding the group ...
24/01/2024 8:50 PM
kancs3118 They need to finished building that ERCL contract that they entered during 2020 MCO time
24/01/2024 8:50 PM
speakup push down for smart money to collect
24/01/2024 9:28 PM
pangolin from 33c to 41c withiin 1 month time , well done gadang !!
25/01/2024 1:45 AM
Smart Beginners You see all construction go up but gadang down
26/01/2024 10:10 AM
soon9913 Review
Stripping off some one-off items of RM0.2mn, GADANG’s 1HFY24 registered lower core earnings of RM7.8mn (-6.9% YoY), which was disappointing as it accounted for only 36.6% of our full-year projection. The negative variance was mainly underpinned by: (i) slower-thanexpected work progress for certain projects, and (ii) higher operating expenses in the construction and utilities divisions.
YoY, 1HFY24 topline increased 13.1% to RM291.9mn, thanks to higher sales recorded and improved work progress in the property division. However, its core PBT plunged by 7.7% YoY to RM12.7mn due to higher operating costs for its 9MW mini-hydro power plant and margin erosion in the construction division caused by higher raw material and labour costs.
QoQ, the 2QFY24’s revenue jumped 25.5% to RM162.4mn, largely driven by: (i) higher construction work progress, (ii) improved property sales, and (iii) the commencement of commercial operation of the 9MW minihydro power plant. Despite this growth, the core PBT was halved down to RM4mn, compared to RM8.7mn in 1QFY24, due to escalating operating costs incurred in both construction and utilities divisions.
Impact
Considering the weaker-than-expected results, we adjusted our revenue recognition and margin assumptions for certain ongoing projects. Consequently, our earnings forecasts for FY24-26F are revised downward by 20.7%/15.9%/12.0%, respectively, reflecting the challenging operating conditions.
Outlook
As of end-Nov 2023, the group’s construction order book and unbilled property sales stood at RM1.1bn and RM280mn, respectively, providing a clear earnings prospect for the group over the next two years. Additionally, the property division anticipates a better sales contribution in the upcoming quarters, supported by compelling sales package incentives.
Valuation
Following the earnings revision, we lower our TP to RM0.23 (from RM0.28) based on the SOP valuation. Maintain Sell call due to the stretched valuation.
26/01/2024 2:25 PM
soon9913 https://klse.i3investor.com/web/blog/detail/taresearch/2024-01-26-story-h-190177616-Gadang_Holdings_Berhad_Higher_Operating_Costs_Weighed TP0.23 by TA
26/01/2024 2:25 PM
soon9913 smart beginners, this is the reason
26/01/2024 2:50 PM
ivanlau This stock let me remind of then stock market guru - ty yap aka condom seller . A lot of followers fall into deep shit due to buy call of this guru
26/01/2024 5:55 PM
Smart Beginners Gadang not interested in HSR?
29/01/2024 11:22 AM
speakup Gadang get a lot small parcels from Ijm. If Ijm consortium get HSR, dah pasti Gadang get something
29/01/2024 12:42 PM
kancs3118 Gadang get a lot small parcels from IJM.
What do you mean bro ? You mean if IJM wins big contracts, they will farm out some small kacanh putih jobs to Gadang ? What is your basis on making this statement ?

By the way, HSR is too far away...more practical to look at Bayan Lepas LRT, LRT3 and MRT3.
29/01/2024 3:26 PM
soon9913 low profit is the facts ma... ready the report from TA, TP 0.23
29/01/2024 9:57 PM
kancs3118 What it needs is big govt projects
30/01/2024 7:04 PM
pangolin GADANG need a big govt project desperately , if not , hardly to stand 40c abv ,
30/01/2024 10:58 PM
kancs3118 Right now, the RTS project faces prolongation costs - expected to be completed in 2024 but delayed to 2026. Dunno whether Gadang can claim these costs or not.
31/01/2024 6:35 AM
newbie9893 Confirm uptrend, all in now, to be rewarded very soon
22/02/2024 12:20 PM
kancs3118 Yeah ...go go go...more steam
12/03/2024 11:36 AM
XinXin Chan After seeing loss making construction counters like ECONBHD & EKOVEST, Gadang looks not so bad.
12/03/2024 7:35 PM
pangolin gadang at least start positive and making money for 2 QR, much better than other construction counter , as long as making profit , sharing price will sustain
13/03/2024 1:30 PM
XinXin Chan After large construction counters moving upward, smaller players like ECONBHD, GDB, SENDAI... all fly today. Hope next will be Gadang's turn.
14/03/2024 12:18 AM
Smart Beginners After break 0.42 only got movie
14/03/2024 8:09 AM
pangolin hold 2 years for nothing , loses cut and get out from 0.40 , wrong timing
14/03/2024 12:36 PM
kancs3118 Then, come back in ...stop whining
14/03/2024 4:05 PM
XinXin Chan Today the show is on MUDAJYA
14/03/2024 4:15 PM
kancs3118 What are you waiting for ? Get back in the game....
15/03/2024 8:44 AM
kancs3118 Once the train leaves the station, then you will regret for the rest of your life
15/03/2024 8:44 AM
XinXin Chan GADANG needs some data ctr related projects (eg. cables laying, solar epcc) to get the catalyst
20/03/2024 11:03 AM
kancs3118 That cina man boss won't bid for private projects...only gomen projects. No collection problem. Wait for the catalyst MRT3, LRT3, Penang LRT....
22/03/2024 7:50 AM
Peace99 No one talked about Gadang received in Dec 2023 the 40 mil payment from Capital City Property Sdn Bhd (“CCPSB”) before due date (2025).....
25/03/2024 4:50 PM
Smart Beginners What is this payment? Announcement link?
26/03/2024 8:15 AM
kancs3118 Why would capital city SB pay before due date ? Makes no commercial sense
28/03/2024 7:33 PM