|
|
发表于 29-9-2018 06:44 AM
|
显示全部楼层
Date of change | 28 Sep 2018 | Name | DATO' CHOW CHEE WAH | Age | 60 | Gender | Male | Nationality | Malaysia | Designation | Alternate Director | Directorate | Executive | Type of change | Resignation | Reason | Change of Alternate Director by Principal Director namely, Dato' Lin Yun Ling | Details of any disagreement that he/she has with the Board of Directors | No | Whether there are any matters that need to be brought to the attention of shareholders | No |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Degree | Bachelor of Science (Honours) in Civil Engineering | University of London, UK | | | 2 | Others | Engineering | Board of Engineers, Malaysia | Professional Engineers | | 3 | Others | Engineering | The Institution of Engineers Malaysia | Member |
Working experience and occupation | A civil engineer, he has more than 36 years working experience in the design of roads, expressways, buildings and large-scale property developments. He joined Gamuda as a project coordinator after working with a leading engineering consultancy as Associate Director. In Gamuda, he held increasingly senior positions within the Group and assumed the property development portfolio in 1996 in line with the Groups business diversification. YBhg Dato Ir Chow heads the property development division as its Managing Director. YBhg Dato Ir Chows engineering expertise and vast experience working in the Group, particularly on the design and technical aspects of the construction, and in later years, on property development, enables him to contribute significantly to the Groups business and to the Board. | Family relationship with any director and/or major shareholder of the listed issuer | None | Any conflict of interests that he/she has with the listed issuer | None | Details of any interest in the securities of the listed issuer or its subsidiaries | Direct Interest :1. 435,000 Ordinary Shares2. 78,000 Warrants 2016/2021 |
|
|
|
|
|
|
|
|
|
|
|
|
发表于 29-9-2018 06:45 AM
|
显示全部楼层
Date of change | 28 Sep 2018 | Name | MR CHAN KONG WAH | Age | 62 | Gender | Male | Nationality | Malaysia | Designation | Alternate Director | Directorate | Executive | Type of change | Others | Description | Following the resignation of Y. Bhg. Dato' Goon Heng Wah as a Director of Gamuda, Mr. Chan Kong Wah shall automatically cease as his Alternate Director |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Degree | Bachelor of Science (Engineering) degree | King's College London, University of London, UK | |
Working experience and occupation | A civil engineer, Mr Chan has over 40 years experience in civil engineering works. He was the Head of Facility Engineering Division of Pengurusan LRT, Kuala Lumpur prior to joining the Company in 1995. He is highly experienced in managing the construction of highways, airports and water supply schemes in Malaysia, the United Kingdom, Middle East and India. He was also involved in the Electrified Double-tracking Railway Project from Ipoh to Padang Besar and is currently involved in the Klang Valley MRT project in Malaysia. | Family relationship with any director and/or major shareholder of the listed issuer | None | Any conflict of interests that he/she has with the listed issuer | None | Details of any interest in the securities of the listed issuer or its subsidiaries | Direct interest:-1. 450,000 shares; and2. 71,900 Warrants 2016/2021. |
|
|
|
|
|
|
|
|
|
|
|
|
发表于 29-9-2018 07:23 AM
|
显示全部楼层
本帖最后由 icy97 于 2-10-2018 05:04 AM 编辑
务大末季转盈为亏 归咎于脱售亏损及减值
Neily Syafiqah Eusoff/theedgemarkets.com
September 28, 2018 20:58 pm +08
（吉隆坡28日讯）金务大（Gamuda Bhd）第四季转盈为亏，归咎于脱售持股40%的Syarikat Pengeluar Air Sungai Selangor私人有限公司（SPLASH）蒙受3亿令吉的单次亏损，以及Gamuda Water私人有限公司的投资减值总计400万令吉。
该集团今日向大马交易所报备，截至7月杪2018财政年末季净亏1亿108万令吉，或每股4.1仙，上财年同期则净赚1亿275万令吉，或每股4.2仙。
不计单次亏损和去年对Smart投资提出9800万令吉的单次减值损失，末季核心净利为2亿300万令吉，较同期的2亿100万令吉，按年微升1%。
由于越南和新加坡项目的产业销售提高，以及正在进行的建筑项目工作进展推动，末季营业额从10亿1000万令吉，上升19.9%至12亿1000万令吉。
金务大表示，产业臂膀金务大置地（Gamuda Land）在末季取得10亿令吉的产业销售，其中越南和新加坡的海外项目占70%。
然而，疲弱的季度表现拖累集团2018财年全年净利下跌14.7%至5亿1388万令吉，2017财年报6亿209万令吉；这是尽管营业额由32亿1000万令吉，攀升31.6%至42亿3000万令吉。
与此同时，金务大置地在2018财年的产业销售达创纪录的36亿令吉，超过35亿令吉的销售目标。
“由于越南的两个项目，胡志明市的Celadon City和河内的Gamuda City，还有新加坡的GEM Residences的销售强劲，产业销售较去年的24亿令吉劲扬50%。海外销售占整体产业销售的70%。”
展望2019财年，金务大置地的产业销售目标是40亿令吉。
金务大预计，随着脱售SPLASH的40%持股权，水务特许经营业务在2019财年的盈利贡献料走低。
尽管如此，该集团预计2019财年的整体表现将更佳，因海外尤其越南项目推高产业销售、在大马推出新城镇、巴生谷捷运二号线（MRT2）项目的进度持续加快，以及大道业务的盈利贡献稳定。
（编译：陈慧珊）
SUMMARY OF KEY FINANCIAL INFORMATION
31 Jul 2018 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Jul 2018 | 31 Jul 2017 | 31 Jul 2018 | 31 Jul 2017 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 1,214,812 | 1,013,156 | 4,227,060 | 3,211,403 | | 2 | Profit/(loss) before tax | -52,253 | 180,450 | 729,302 | 826,002 | | 3 | Profit/(loss) for the period | -90,162 | 123,548 | 564,357 | 656,225 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -101,078 | 102,753 | 513,883 | 602,093 | | 5 | Basic earnings/(loss) per share (Subunit) | -4.10 | 4.20 | 20.89 | 24.78 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 12.00 | 12.00 |
|
| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 3.0700 | 3.0500
|
|
|
|
|
|
|
|
|
|
|
|
|
发表于 29-9-2018 07:29 AM
|
显示全部楼层
本帖最后由 icy97 于 2-10-2018 05:05 AM 编辑
金务大联营公司9.63亿购狮城地
Wong Ee Lin/theedgemarkets.com
September 28, 2018 20:31 pm +08
（吉隆坡28日讯）一周前以3亿1889万新元（9亿6300万令吉）成为出价最高的竞标者后，金务大（Gamuda Bhd）今日确认收购位于新加坡安谷弯（Anchorvale Crescent）的地皮。
金务大今日向大马交易所报备，新加坡建屋发展局已接受其独资子公司金务大（新加坡）私人有限公司与毅雅地产（Evia Real Estate）的联合投标。
虽然标书最初由新加坡金务大与毅雅联合提交，但金务大表示，这幅面积5.14公顷的地皮如今将通过一家联营公司收购。这家联营公司将在适当的时候成立，持股权比例为新加坡金务大（50%）、和利集团（Ho Lee Group，30%）及毅雅（20%）。
联营公司将以现金和银行贷款支付购地款项。
金务大说：“已被指定用于发展执行共管公寓（EC）的这幅地，使金务大能够保持在新加坡的国际形象。这也增强了金务大作为一个集团在寻找新商机方面的能力，深入市场和供应链。”
“这一发展是实现上述策略的低风险选项，因有较高的压抑需求和上限的建筑成本。”
“此次收购预计对未来盈利作出贡献，从而提升股东在中长期的价值。”
由于安谷弯位于盛港（Sengkang），金务大表示，之前的EC销售表明该地区是EC市场的热点，并称该地距离盛港转换站仅一站的振林站（Cheng Lim LRT）旁，而且也靠近购物、餐饮、娱乐与休闲、学校和医院。
如无意外，该集团预计这项收购将于今年第四季完成。
（编译：陈慧珊）
Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | TENDER FOR LAND PARCEL AT ANCHORVALE CRESCENT (LOT 3142A MK 21) SITE EARMARKED FOR EXECUTIVE CONDOMINIUM HOUSING DEVELOPMENT MEASURING APPROXIMATELY 17,137.30 SQUARE METERS (PREVIOUSLY 51,411.90 SQUARE METERS WAS ALLOWABLE GROSS FLOOR AREA) ("TENDER")- LETTER OF AWARD | Reference is made to the announcement made by Gamuda Berhad (Company No. 29579-T) (“Gamuda” or “Company”) on 18 September 2018.
The Board of Directors of Gamuda wishes to announce that Gamuda has on 28 September 2018, received the Letter of Award dated 27 September 2018 issued by the Housing Development Board of Singapore confirming their acceptance of the Tender submitted jointly by Gamuda’s wholly owned subsidiary in Singapore, Gamuda (Singapore) Pte Ltd (“Gamuda Spore”) with Evia Real Estate (8) Pte Ltd (“Evia”) at the tender price of Singapore Dollars (“SGD”) 318,888,899.00 (equivalent to RM963.0 million) (“Purchase Consideration”).
For details of the announcement, please refer the file attachment below.
This announcement is dated 28 September 2018. |
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5928141
|
|
|
|
|
|
|
|
|
|
|
|
发表于 6-10-2018 07:37 AM
|
显示全部楼层
Type | Announcement | Subject | OTHERS | Description | ACQUISITION OF NEW SUBSIDIARY BY GAMUDA ENGINEERING SDN BHD, A WHOLLY OWNED SUBSIDIARY OF GAMUDA BERHAD | The Board of Directors of Gamuda Berhad (Company No. 29579-T) (“Gamuda” or “Company”) wishes to announce that Gamuda Engineering Sdn Bhd (Company No. 506869-K) ("Gamuda Engineering"), a wholly-owned subsidiary of the Company, has acquired one (1) ordinary share in Gamuda Building Ventures Sdn Bhd (formerly known as Imbangan Integrasi Sdn Bhd) (Company No. 1273882-D) (“Gamuda Building Ventures") representing 100% of the total issued share capital of Gamuda Building Ventures, for a total cash consideration of RM1.00 only ("Acquisition").
Following the Acquisition, Gamuda Building Ventures has become a wholly-owned subsidiary of Gamuda Engineering, which in turn is a wholly-owned subsidiary of Gamuda.
Gamuda Building Ventures was incorporated in Malaysia on 27 March 2018 as a private limited company under the company name, Imbangan Integrasi Sdn Bhd. On 1 October 2018, the company name was changed from Imbangan Integrasi Sdn Bhd to Gamuda Building Ventures. The total issued share capital of Gamuda Building Ventures is RM1.00 comprising one (1) ordinary share and the intended principal activity is to undertake infrastructure and building works.
None of the Directors and/or major shareholders of the Company and/or persons connected with them, has any interest, direct or indirect, in the Acquisition.
This announcement is dated 5 October 2018. |
|
|
|
|
|
|
|
|
|
|
|
|
发表于 7-10-2018 04:53 PM
来自手机
|
显示全部楼层
财长阿柴已经终止Gamuda地底工程合约他应该颁发给自己的朋党！ |
|
|
|
|
|
|
|
|
|
|
|
发表于 8-10-2018 04:38 AM
|
显示全部楼层
2因素拖低净利展望 金务大財测下调股价跌
財经 最后更新 2018年10月1日 21时04分
（吉隆坡1日讯）排除因认列脱售雪河输水公司（SPLASH）的一次性亏损，金务大（GAMUDA，5398，主板建筑股）2018財政年核心净利按年上涨17%，符合预期；但大部份分析员因其建筑业务將受政府缩减第二捷运（MRT2）合约价值所影响，以及SPLASH贡献减少，而下修2019財政年盈利预测。
业绩净亏及財测遭调低，导致该公司股价週一（1日）走跌，一度下跌15仙或4.46%，至全天最低水平的3.21令吉；最后则收窄跌幅，以3.28令吉闭市，全天则下滑8仙或2.38%，共有550万股易手，位居全场第17大下跌股。
由于必须认列脱售雪河输水公司（SPLASH）的一次性亏损3亿零400万令吉，金务大2018財政年末季（截至7月31日止）由盈转亏，至净亏1亿零108万令吉，营业额则按年增长19.9%，至12亿1481万令吉。全年净赚5亿1388万令吉，按年减少14.7%；营业额却上涨31.6%，至42亿2706万令吉。
排除这项减值亏损， 金务大2018財政年净利仍有17%的成长。
但2 0 1 9財政年盈利可能因受失去水务资產盈利贡献、维修协议费用减低、以及缩减第二捷运（MRT2）合约价值的影响而放缓。
展望未来， 管理层感到宽慰的是SPLASH的长期问题终於解决。儘管如此，分析员对建筑领域中期前景不太乐观，因第二捷运成本正在审查阶段。
肯纳格研究分析员指出，利好因素在于金务大未完成订单和產业未入账销售分別处在舒適的60亿令吉及23亿令吉，提供额外3年的盈利可见度。
截至2018財政年，房產销售额达到36亿令吉，超过管理层通过海外项目（即越南）的销售目標为35亿令吉。
不过，肯纳格研究分析员仍將2019財政年核心净利下修4%。该分析员认为，儘管建筑领域前景充斥不確定性，短期合约流量较小，但维持原本的投资评级和目標价。
目前的股价水平深具吸引力，2019財政年预测本益比为10倍。
大华继显分析员也下修2019至2020財政年净利预测6%及5%，並將年度订单目標从15亿令吉减至5亿令吉。同时，JF艾毕斯证券分析员表示，2018財政年录得36亿令吉的预售额，高出原定目標，主要是受越南和新加坡强劲销售所带动。
整体而言，海外项目佔预售额的67%，本地项目佔33%。管理层放眼2019財政年预售销售为40亿令吉。
「將失去SPLASH的贡献，和產业业务好转的因素纳入考量之后，我们將2019財政年盈利预测下修6.5%。」
另一方面，艾芬黄氏资本则將2019和2020財政年净利预测上调1%及3%，以反映其建筑和產业领域的增长表现，均超出分析员预期。
【东方网财经】 |
|
|
|
|
|
|
|
|
|
|
|
发表于 8-10-2018 06:30 PM
来自手机
|
显示全部楼层
投资马蓝筹股随时饱受牺盟政府的震撼弹！ |
|
|
|
|
|
|
|
|
|
|
|
发表于 8-10-2018 09:55 PM
来自手机
|
显示全部楼层
大马捷运2号线(MRT2)隧道部份被取消，致使MRT 3
总承包商股价暴跌!
MRT 2总承包商是由金务大(GAMUDA，5398)与MMC机构(MMCCORP，2194)组成的财团。
午市休市时，金务大股价暴跌68仙或21.18%，只做2.53令吉，盘中一度做到2.32令吉。上半日转手量达5555万股，是全场第2大热门，亦是全场跌幅最大股只。
由于股价跌幅超过15%，金务大今日亦被禁止卖空。
另一方面，MMC机构股价则猛挫17.04%或23仙，报1.12令吉。
政府是在与MRT 2总承包商洽谈削减隧道部份成本不果后，宣布取消财团负责的这部份工程，并会另行举行国际招标，把这部份工程交由第三者负责。
惟金务大与MMC机构负责的其他部份保持不变，车站数额亦没有被减少。 |
|
|
|
|
|
|
|
|
|
|
|
发表于 11-10-2018 05:12 AM
|
显示全部楼层
本帖最后由 icy97 于 14-10-2018 04:52 AM 编辑
金务大-马矿业捷运地底工程中止-2万人饭碗恐不保
www.enanyang.my/news/20181008/金务大-马矿业捷运地底工程中止-2万人饭碗恐不保/
Type | Announcement | Subject | OTHERS | Description | PRESS STATEMENT ISSUED BY THE MINISTRY OF FINANCE ("MOF") DATED 7 OCTOBER 2018 ENTITLED "KERAJAAN PERSEKUTUAN BERJAYA MENJIMATKAN RM5.22 BILION ATAU 23% DARIPADA KOS KERJA ATAS TANAH UNTUK PROJEK MRT2 MANAKALA PENJIMATAN TAMBAHAN BAKAL DIPEROLEHI APABILA KERJA BAWAH TANAH DITENDER SEMULA SECARA TERBUKA" ("PRESS STATEMENT BY THE MOF") | Gamuda Berhad (Company No. 29579-T) (“Gamuda” or “Company”) would like to refer to the abovementioned Press Statement by the MoF and wishes to clarify that MMC Gamuda KVMRT (T) Sdn Bhd (Company No. 934628-H), a 50% joint venture company between Gamuda and MMC Corporation Berhad (Company No. 30245-H) (“MMC Gamuda”) has not receive any official notification pertaining to the termination of the MRT2 underground contract by the Mass Rapid Transit Corporation Sdn Bhd (being the project owner of MRT2 project) and/or the Government of Malaysia.
We attach herewith MMC Gamuda’s press release dated 8 October 2018 on the above.
Gamuda will make the necessary announcement once there is a material development in relation to the above matter.
This announcement is dated 8 October 2018. |
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5935825
|
|
|
|
|
|
|
|
|
|
|
|
发表于 11-10-2018 05:17 PM
来自手机
|
显示全部楼层
政府无意暂缓地下工程明天Gamuda持续插水！ |
|
|
|
|
|
|
|
|
|
|
|
发表于 11-10-2018 08:39 PM
|
显示全部楼层
RM2.00.......... 新低 |
|
|
|
|
|
|
|
|
|
|
|
发表于 14-10-2018 07:44 AM
|
显示全部楼层
|
|
|
|
|
|
|
|
|
|
|
发表于 16-10-2018 04:52 AM
|
显示全部楼层
|
|
|
|
|
|
|
|
|
|
|
发表于 18-10-2018 11:58 PM
来自手机
|
显示全部楼层
分享Gamuda
Author: VaIn25 Publish date: Thu, 18 Oct 2018, 09:34 PM
最近政府想要终止与gamuda在mrt2地下隧道的合约并打算重新招标，这使得gamuda的股价从rm3～rm4 掉落至最低rm2。市场甚至谣言说gamuda将会跌落rm1. 5以下。与其在那瞎猜gamuda的股价，我觉得应该更实务地去了解gamuda比较重要。在这篇文章里，我将从gamuda的商业模式，管理层，财务状况来让大家更了解gamuda。
商业模式：
Gamuda的核心业务是建筑工程，房地产发展，高速公路特许经营权与水务。我个人并不喜欢投资在建筑工程公司或房地产发展公司。这两项业务都需要庞大的资金来运营而且需要多年时间才能赚钱。尤其是建筑工程，如果在招标过程中预算错误，那这工程很大可能会亏钱，mitrajaya就是一个很好的例子。所以，现金流是非常重要来支撑gamuda的这两项业务。很多人对gamuda的第一印象就是gamuda是一个很大的建筑承包商而忽略了gamuda其他的业务。Gamuda有别于其他建筑承包商或房地产发展商，那就是gamuda拥有高速公路特许经营权（LDP,KESAS,SPRINT,SMART）与水务以产生现金流来运营其他业务。以下是gamuda历年来的营业额与税前盈利。
Engineering and Construction Property Development Water and Expressway
Revenue Profit before tax Revenue Profit before tax Revenue Profit before tax
(RM'000) (RM'000) (RM'000) (RM'000) (RM'000) (RM'000)
2018 1,924,558 367,493 1,806,851 246,244 495,651 115,565
0.46 0.50 0.43 0.34 0.12 0.16
2017 1,234,162 269,096 1,485,905 214,866 491,336 342,040
0.38 0.33 0.46 0.26 0.15 0.41
2016 905,215 192,278 757,869 175,547 458,815 412,833
0.43 0.25 0.36 0.22 0.22 0.53
2015 1,157,740 222,278 841,549 257,703 400,629 378,208
0.48 0.26 0.35 0.30 0.17 0.44
2014 1,180,137 259,767 895,146 225,293 154,289 366,585
0.53 0.31 0.40 0.26 0.07 0.43
2013 1,408,797 152,351 726,005 232,659 100,633 271,436
0.63 0.23 0.32 0.35 0.05 0.41
2012 1,906,000 221,993 1,066,933 286,164 121,907 220,053
0.62 0.30 0.34 0.39 0.04 0.30
2011 1,858,651 143,324 704,561 149,935 126,321 251,265
0.69 0.26 0.26 0.28 0.05 0.46
2010 1,818,087 79,908 526,356 88,154 134,910 201,973
0.73 0.22 0.21 0.24 0.05 0.55
2009 2,226,963 39,092 407,364 74,121 100,420 168,944
0.81 0.14 0.15 0.26 0.04 0.60
2008 1,798,958 129,268 472,810 152,194 105,689 189,352
0.76 0.27 0.20 0.32 0.04 0.40
Note: 2018年有300million减值损失（impairment loss），2017年有98million减值损失（impairment loss）
在2008年，建筑工程占gamuda的营业额大概75%，房地产发展20%，高速公路特许经营权与水务5%。到了2018年，这个比例变成建筑工程占gamuda的营业额大概50%，房地产发展40%，高速公路特许经营权与水务10%。可是当来到税前盈利时，高速公路特许经营权与水务从2008到2018都占了gamuda的税前盈利大概40-50%。2018年因为gamuda卖了splash并卖低过splash的资产价值所以就有了300million的减值损失（impairment loss）。减值损失是一次性而已，如果拿掉减值损失，那么高速公路特许经营权与水务在2018年占了gamuda税前盈利的40%。 这也代表了高速公路特许经营权与水务利润率高于建筑工程和房地产发展很多。这也解决了建筑工程和房地产发展业务需要现金流的问题。
管理层：
Gamuda的group managing director 是Dato Lin Yun Ling。Dato Lin是在1981年成为gamuda的managing director直到现在。在Dato Lin的带领下gamuda的营业额从1995年的369million成长到4.2billion，还有在这么多年来gamuda所完成的国外与国内的大型建筑工程。这也证明了Dato Lin 的领导能力与管理能力。最近几年gamuda投资了大笔资金在precast工厂，这也证明了管理层也预料大马的劳动资本将日益上升而选择投资在precast的行业。Precast是指建筑用的钢筋混凝土在工厂预先制造然后运去工地安装，这将减少建筑工人的需求。在薪金方面，Dato Lin的薪金与奖金 （在年表获得）从2007年的0.95million增加到了2017年的4.8million。可是在这10年里，Dato Lin的薪金与奖金有增加也有减少。我发现当gamuda的业绩不好时，Dato Lin的薪金与奖金就减少。这也代表了Dato Lin并没有拿固定薪金而是基于集团的业绩来决定薪金与奖金。
Dato Lin Yun Ling
2017 4,806,000
2016 4,408,000
2015 5,303,000
2014 2,520,000
2013 2,400,000
2012 1,850,000
2011 2,550,000
2010 1,450,000
2009 1,550,000
2008 1,250,000
2007 950,000
财务状况：
Gamuda的营业额与税前盈利已经谈过了，在过去十年里，gamuda没有一年是出现过亏损的状况，这不仅代表了管理层的能力也受益于有别于一般建筑工程的商业模式。通常对于建筑工程公司或房地产发展公司，我会特别去留意它们的债务，我相信有投资建筑工程公司或房地产发展公司的朋友们一定对于它们时常通过right issue向股东要钱来还债很有印象。以下是gamuda过去十年里的现金，短期与长期债务和每年产生的现金流。
Cash (RM'000) short term borowing (RM'000) long term borrowing (RM'000) Cash generate
2018 977,150 1,427,044 4,309,656 495,663
2017 499,477 628,647 4,614,646 -254,831
2016 756,085 639,659 4,168,658 -145,044
2015 906,552 777,086 3,358,355 172,390
2014 882,031 792,159 1,738,572 4,792
2013 876,554 459,705 1,513,067 150,218
2012 1,337,355 1,326,968 855,373 276,644
2011 1,048,968 626,179 1,323,480 -98,430
2010 1,165,550 511,273 1,278,736 25,413
2009 1,154,029 328,165 1,210,500 303,313
2008 845,610 782,253 1,036,500 -130,030
2007 980,269 738,123 496,500 523,659
我们可以发现gamuda手上的现金和短期债务都很相近，有时手上现金会稍微高过或低于短期债务，这也证明管理层对于现金的管理做得不错。虽然长期债务在近几年不断升高，不过我觉得以gamuda的赚钱能力还算是可以管理的到，毕竟如果想要拿大型工程或发展房地产，举债是难以避免。至于gamuda每年产生现金流也就是净盈利扣除所有的资本开销所剩下的现金流，有几年是负数，其他年都可以产生可观的现金流，在这一方面，我个人觉得gamuda表现是中规中矩。在股息方面，gamuda已经连续九年派发12sen per share， 如果持有1000股所得的股息是RM120。以2018年的净盈利来相比，gamuda在2018年的earning per share是20.76 sen/share。股息占了净盈利的58%。之前也说过gamuda在2018年一次性的300million减值损失因为卖splash并卖低过splash的资产价值所产生的账务亏损。如果把这一个亏损去掉，那么股息是占了净盈利的36%。如果我们保守估计MRT Line 2地下隧道的合约被终止，基于建筑工程的盈利占了gamuda的40%，我们可以保守猜测gamuda的股息减半也就是6sen per share。以gamuda最低股价RM2，dividend yield 将达到3%。而且最近gamuda卖了splash，splash是以2.55billion卖掉，1.9billion是以现金付款而0.650billion是分期付款。Gamuda拥有40%splash的股权，也就是说可以拿到760million 的现金与260million的分期付款。这一笔钱可以拿来降低债务或分发特别股息，如果gamuda把所卖的30%来派特别股息，那么股东所能分到的特别股息将会是大概120sen per share，拥有1000股的股东将可得RM120，如果以股价RM2.4来计算，dividend yield 将是5 %。
以2018年的每股盈利（Earning per share）33.07sen/share（去掉减值损失），以RM2的gamuda股价来看，gamuda的本益比（price/earning）是 6.05,也就是说拿RM2投资在gamuda，6年就可以回本了。如果做好最坏打算MRT Line 2地下隧道的合约被终止使到建筑工程业务没有盈利，房地产发展，高速公路特许经营权与水务在2018年贡献了gamuda每股盈利21.08sen/share，以rm2的股价，gamuda的本益比将会是9.49。gamuda的竞争对手的本益比都大概在14以上。我个人觉得gamuda的股价真的严重被低估了。市场对于MRT Line 2地下隧道的合约被终止这一个事件里反应过度了。当gamuda的股价掉到RM2的时候，真的是入场的大好机会。就算现在RM2.42的价格我也觉得反映不到gamuda的价值。
结语：
这篇文章纯粹与大家分享我对于gamuda的看法，并没有建议大家去买gamuda。我算提供的资料来着于年报，而且并没有考虑gamuda与air Selangor所签订的新合约所带来的影响.
https://klse.i3investor.com/m/blog/VaIN25/178797.jsp
|
|
|
|
|
|
|
|
|
|
|
|
发表于 26-10-2018 05:29 PM
来自手机
|
显示全部楼层
牺盟政府大减36亿成本重新启动MRT2工程恐怕是豆腐工程！ |
|
|
|
|
|
|
|
|
|
|
|
发表于 28-10-2018 06:46 AM
|
显示全部楼层
本帖最后由 icy97 于 31-10-2018 06:13 AM 编辑
Type | Announcement | Subject | OTHERS | Description | PRESS STATEMENT ISSUED BY THE MINISTRY OF FINANCE ("MOF") DATED 26 OCTOBER 2018 ENTITLED "CONSTRUCTION COST (EXCLUDING INTEREST DURING CONSTRUCTION) FOR MASS RAIL TRANSIT SUNGAI BULOH-SERDANG-PUTRAJAYA LINE (MRT2) HAS BEEN SUCCESSFULLY REDUCED BY RM8.82 BILLION OR 22.4% FROM RM39.35 BILLION TO RM30.53 BILLION" ("PRESS STATEMENT") | Reference is made to the announcement made by Gamuda Berhad (Company No. 29579-T) (“Gamuda” or “Company”) on 8 October 2018 and the Press Statement by MOF.
Gamuda would like to inform that MOF has vide their Press Statement stated that the decision to terminate MMC Gamuda KVMRT (T) Sdn Bhd (Company No. 934628-H), a 50% joint venture company between Gamuda and MMC Corporation Berhad (Company No. 30245-H) (“MMC Gamuda”), has now been rescinded by the Cabinet and the Cabinet has accepted MMC Gamuda’s new offer wherein the entire remaining works (for both above ground and underground) shall be carried out on a turnkey contract basis for an agreed lump sum construction cost of RM30.53 billion.
This announcement is dated 26 October 2018. |
|
|
|
|
|
|
|
|
|
|
|
|
发表于 1-11-2018 07:12 AM
|
显示全部楼层
牺牲赚幅重启隧道工程 金务大评级上调 股价回跌
財经 最后更新 2018年10月29日 21时54分
（吉隆坡29日讯）金务大（GAMUDA，5398，主板建筑股）的巴生谷捷运2號线工程（MRT 2）隨后失而復得，致使多家投行今日重新纳入该工程的盈利预测，並且上调该股的评级。不过，公司的涨幅预期將会显著收窄。
惟该股在上週五（26日）股价受到激励大涨11.21%或26仙之后，今日出现套利。该股早盘以2.52令吉高开，不久便迎来卖压，最终全日股价下跌4.86%或12仙，以全天最低2.35令吉掛收。是今天第14大下跌股，成交量为3562万股，是第9大热门股。
財政部长林冠英上週五（26日）宣布，MRT 2工程的兴建费用，从393亿5000万令吉，减低至305亿3000万令吉，降幅高达88亿2000万令吉或22.4%。
MRT 2工程地面段的所有终站將继续保留，只有地底的2个站点，即大马城北站和大马城南站將搁置，因此该计划站点也將从原有的35站减少至33站。
影响未来3年盈利
分析员表示，「虽然MRT 2地底隧道合约失而復得，金务大依然面对大道收费站特许经营权以及订单前景看淡的挑战。所以我们预计该公司未来3年的盈利仍会受到影响。」
兴业投行分析员说，金务大和MMC机构（MMCCORP，2194，主板交通物流股）的联营公司，与財政部达成最终协议，减少2个地下车站，然而减少的数量比之前提议的4站少，兴建费用的降价幅度却比之前提议的高多，因此最终的净利赚幅应该会被压缩不少。他预测，该公司的净利赚幅会从之前的11.2%下跌至6%。
「在MRT 2隧道合约取消的消息传出前，金务大的股价企于3.21令吉左右，因此我认为金务大的股价至少得回弹至该水平。」安联星展投行分析员认为，MRT 2復工对建筑领域而言是个正面消息，因为政府开始重启大型基建工程。金务大也有望凭著良好的经验，在未来获得檳州交通大蓝图（PTMP）的合约。
达证券分析员称，儘管MMC-金务大必须牺牲部份赚幅来重启该工程，不过这也算是最好的结果。因为一旦工程被取消甚至是重新招標，可能会为公司带来官司以及更多的意外成本，同时该公司也未必能够从重新招標中脱颖而出。
维持「守住」评级的大马投行分析员认为，政府未来推出的基建工程，將会偏向小型或是升级工程，譬如修路、修桥、建校、升级排水系统等。金务大因固定成本更高，所以若要承接这些工程便不符合经济效益。
马银行投行分析员表示，虽然该工程的赚幅会更低，不过在纳入工程的盈利预测后，预计金务大未来3年的盈利將增长5%至9%。他也因此將该股评级上调至「守住」。【东方网财经】 |
|
|
|
|
|
|
|
|
|
|
|
发表于 1-11-2018 07:18 AM
|
显示全部楼层
金务大MMC联营公司获仲裁通知
Justin Lim/theedgemarkets.com
October 29, 2018 21:02 pm +08
（吉隆坡29日讯）金务大（Gamuda Bhd）与MMC Corp Bhd的联营公司MMC-Gamuda联营私人有限公司（MGJV），获Emrail（前称Time Salam私人有限公司）发出有关怡保-巴东勿刹329公里双轨铁道工程（EDTP）的仲裁通知。
金务大与MMC表示，Emrail发出仲裁通知是因为对2010年12月23日签署的EDTP建造、完工、测试、调试和维护合约条款产生争议和分歧。
金务大及MMC指出：“我们正在寻求MGJV律师的建议，并在适当情况下采取必要措施。”
这两个集团补充说，一旦有任何重大进展，将会进一步宣布。
EDTP经过数次展延后，终于在2014年杪竣工。
EDTP合约总值124亿8000万令吉，MGJV于2007年12月获得合约，并于2008年7月签约。
Emrail是一家铁路工程公司，从事通讯和基建设施发展项目。该公司以铺设铁路轨道的专业知识而闻名。
（编译：魏素雯）
Type | Announcement | Subject | MATERIAL LITIGATION | Description | NOTICE OF INTENTION TO COMMENCE ARBITRATION BY EMRAIL SDN BHD (COMPANY NO. 13875-D) ("EMRAIL") AGAINST MMC-GAMUDA JOINT VENTURE SDN BHD (COMPANY NO. 414492-M) ("MGJV") ("NOTICE") | Gamuda Berhad (Company No. 29579-T) (“Gamuda” or “Company”) wishes to inform that its 50% jointly controlled entity, MGJV has notified the Company today that they have been served with the Notice by Emrail on 25 October 2018.
The Notice is premised on Emrail’s alleged dispute and differences arising out of the Conditions of Contract dated 23 December 2010 for the Construction, Completion, Testing, Commissioning and Maintenance of Track Works for the Electrified Double Track Project between Ipoh and Padang Besar.
MGJV is seeking advice from MGJV’s solicitors, and where appropriate will take the necessary actions in relation to the Notice.
None of the Directors or major shareholders of Gamuda or persons connected with them has any interest, direct or indirect in the aforesaid Notice.
Gamuda will make the necessary announcement once there is a material development in relation to the above matter . This announcement is dated 29 October 2018. |
|
|
|
|
|
|
|
|
|
|
|
|
发表于 17-11-2018 01:58 AM
|
显示全部楼层
|
|
|
|
|
|
|
|
|
| |
 本周最热论坛帖子
|
2032 
43
