ATTACK GAMUDA..UPGRADE TP 4.20

[einvest88]

吉隆坡）金務大（GAMUDA,5398,主板建築組）在2009財政年經歷“清空活動”後，盈利有望在2010至2011財政年強勁反彈，主要是雙軌火車計劃的賺幅恢復正常，加上未來兩財政年有望攫獲41億令吉新訂單。

黃氏唯高達看好金務大除擁有領域最高的執行訂單57億令吉，也積極競標中東價值30億令吉與本地10億令吉計劃潛力。競標結果可能在首半年出爐。

此外，隨首季銷售達2億5000萬令吉，本地產業銷售表現強勁也為這間公司帶來利好。

儘管如此，金務大兩大憂慮包括越南盾貶值，與雪河公司（SPLASH）懸而未決的問題。

整體而言，黃氏唯高達認為，越南盾疲軟影響正面，因為在總值11億令吉的越南殷楚園未入賬建築工程中，30%以越南盾鎖定，相對馬幣廉宜，其餘70%則以美元鎖定，情況“中和”。

“另發展總值達80億令吉的產業計劃雖以美元交易，但需至今年次季才推介。”

黃氏唯高達也認為，一旦雪河公司的脫售實現，與2010至2011財政年的盈利或仍將出現“缺口”。雪河公司貢獻金務大2009財政年稅前盈利19%。

“一旦胡志明計劃推介，越南銷售可能在2011財政年潛在達到10億令吉，並彌補雪河公司貢獻的‘缺憾’。”

金務大資產負債表持續強勁，2009財政年第3季的淨債務自16%改善至12%，主要是雙軌火車計劃的付費加速。儘管如此，黃氏唯高達持續預計2012財政年淨債務走高至0.4倍，主要是越南貸款降低2億5000萬美元。

黃氏唯高達重申“買進”評級，予目標價4令吉20仙

[einvest88]

Kuala Lumpur) Kim works great (GAMUDA, 5398, board construction group) in the 2009 fiscal year through "empty activity", the profit is expected to 2010-2011 fiscal year, rebounded strongly, mainly double-track railway project profit margins back to normal, coupled with the next two fiscal years by 4.1 billion ringgit is expected to grab new orders.

Wong Vickers bullish gold works great addition to the implementation of orders has the highest area of 5.7 billion ringgit, is also actively bid worth 3.0 billion ringgit in the Middle East and the local potential of one billion ringgit plan. Bidding result may be baked in the first half.

In addition, with the first quarter reached 200 million sales of 50 million ringgit, the local industry, sales were very strong for this company to bring good.

Nevertheless, Kim works great two concerns, including VND devaluation, and Ice River (SPLASH) outstanding issues.

Overall, Huang Vickers believes that the positive impact of VND weakness, because of 1.1 billion ringgit worth of Vietnamese Yin Chu Park, construction is not recorded, 30% to VND lock, relatively inexpensive ringgit and the remaining 70% Zeyi U.S. dollars locked, the situation "and in."

"Another development worth 80 billion ringgit industry, whilst in U.S. dollar transactions, subject to the second quarter of it has to promote."

Wong Vickers also believe that, once the Snowy River's disposal to achieve, and the 2010-2011 fiscal year, the profits or still a "gap." Snowy River's contribution to payment works great 2009 fiscal year pre-tax profit of 19%.

"As soon as plans to introduce a Ho Chi Minh, Vietnam, the fiscal year 2011 sales could potentially reach 10 billion ringgit, and to make up for Snowy River's contribution to the 'defect'."

Kim works great asset to the continued strong balance sheet, the first three quarter of fiscal year 2009, net debt from 16% improvement to 12%, mainly double-track railway project to accelerate payment. Nevertheless, Huang Vickers continued to expect fiscal year 2012 net debt to 0.4 times higher, mainly in Vietnam to reduce 200 million loan 50 million U.S. dollars.

Wong Vickers reiterated a "buy" rating to our target price of four ringgit 20 sen

[chorizo]

I prefer attacking IJM-WC on dips 

[einvest88]

CHEPEAST BLUE CHIP...DON REGRET ...ATTACK NOW

[alext]

attack d

[Remng]

CHEPEAST BLUE CHIP...DON REGRET ...ATTACK NOW

mmm..yes one of the stocks I like, one of the "taiko" also in construction, in fact this year should see some action in this sector, Sunway is moving up nicely too, Ijm etc.....

[limdot]

AZRB in india.... from india with love...
 

[vincent.boleh]

Something very very HOT is boiling at Gamuda!!!! 
Maybe big $$$ contract awarded pending announcement!!!
Decide for yourselves before it is too late to catch the boat.

[vincent.boleh]

This is only one.... more to come...........
Accumulate GAMUDA at RM2.70;  Cheaper option is GAMUDA-CK at 19sen.

OSK Research House sees WCT Bhd (WCT) and Gamuda Bhd as potential candidates for the Low Cost Carrier Terminal (LCCT) runaway portion project amounting to RM300 million to RM400 million.
OSK was commenting on rumours that past winners of the LCCT packages will not be eligible for its subsequent awards.
"WCT and Gadang have both been awarded earthworks packages. We think this rumour is baseless as it would make little sense to disqualify past winners if they can submit the lowest tender price.
"This is especially so given that the LCCT is privately funded," it said in a statement today.
Yesterday, Cebarco-WCT Joint Venture received an award for Fit-Out works at the Bahrain City Centre worth RM467 million to build Abu Dhabi's F1 circuit.
This award represents an additional RM221 million from the initial Letter of Intent (LOI) of RM246 million in August 2007. -- BERNAMA

[DR KIM]

dude....just  ATTACKKKKKKKKKKKKKKKKKKK

clear  sky...dow  future  , europhean  all steaminggggggggggg  $$$$

[vincent.boleh]

Earlier posting in "Gamuda a sleeping Giant"

Negative news - Gamuda is going to loose a major bid.
Until further announcement (by either Gamuda or the successful bidder), SELL.
Target price RM2.60 now.

Today Announcement:

Gamuda Berhad (“Gamuda” or “the Company”) wishes to announce that BAE had on 4 March 2010 served a Request For Arbitration against Gamuda (as the 1st Respondent), WCT Berhad (as the 2nd Respondent) and Gamuda-WCT Joint Venture, Qatar (“the JV”) (as the 3rd Respondent) to refer certain alleged disputes to arbitration in Qatar. Gamuda’s and WCT Berhad’s interests in the JV are in the proportions of 51% and 49% respectively.

BAE is a closed Bahraini shareholding company incorporated in the Kingdom of Bahrain. By a sub-contract dated 21 February 2006 (“the Sub-Contract”) made between the JV and BAE, BAE was appointed as the sub-contractor for the works known as the granular sub-base and flexible pavement works (“Sub-contract Works”) for the JV’s project known as “Dukhan Highway From Shahaniya to Zekreet” which involves the construction of a 43 km new highway from Shahaniya to Zekreet in Qatar.

The details of the reliefs sought by BAE in their Request For Arbitration are as follows:-

BAE is claiming from the Respondents, jointly and severally, a total quantified sum of QAR 109,267,214 (approximately RM101,058,548) comprising:-

(a)   QAR 94,867,841 for alleged prolongation, escalation, collateral and associated costs for 728 days’ delay in completion of the Sub-contract works;
(b)   QAR 13,434,404 for alleged Gabbro Aggregate overcharge/wrongful deductions;
(c)   QAR 964,969 for alleged wrongful deduction for supply of bitumen;

and further unquantified sums for legal costs, arbitration costs and interest (collectively referred to as “the Claims”)

The Company is of the opinion that the Request For Arbitration by BAE is pre-mature as the preconditions stipulated in the arbitration clause have not been met. In addition to the fact that the request is pre-mature, the Company is also of the view that the Respondents have a good defence against the Claims.

Accordingly, the Company intends to pursue all available legal avenues to oppose the Request For Arbitration and, if necessary, to challenge the Claims.

This announcement is dated 9 March 2010.

[chorizo]

I wonder whether that's the reason WCT shat 10 sens today 

[vincent.boleh]

Gamuda @3.50pm RM2.73 going to RM2.72 ........................RM2.60
Gamuda-CK @3.50pm RM0.195 ....................................... .RM0.18

Tak percaya; Jangan percaya!!!

[wolverine69]

Ya ya buy buy the MD will sell to you and make $$$$$$$$$$$$$$$ ---- hehe

[new_shaun]

Don't forget Gamuda having rights which worth buying the OR....