【GAMUDA 5398 交流专区1】金务大

fcshyan

来鸟。。。。

再买进......:@ :@ :@ :@ :@ :@ :@ :@ :@ :@

zoom9999

ＧＡＭＵＤＡ前景:最怀已过去；未来“钱”途光明；股价翻一倍不是梦

•  Construction Division – Starting with Clean Slate. We believe that Gamuda’s
construction division has seen the worst. Going forward we expect the group’s
construction arm would be performing extremely well with its huge orderbook of
RM11bn. Additionally, the group will start FY08 with a clean slate as no more
provisioning is expected for the Dukhan Highway. The group’s major projects, namely
Nam Theun 1 in Laos, Double tracking project and Yenson Park in Vietnam are
expected to kick off by early next year thus we could see some revenue recognition in
the 2HFY08. In the meantime, expect the completion of the New Doha International
Airport and Sitra Causeway to carry the bulk of the construction earnings in FY08.
•  Property Picking-up Steam. The group’s property division performance was buoyed
by the incentives introduced by the government. For 4Q07, the group property division
reported its strongest quarter with segmental profit of RM31.4mn or 45.5% QoQ
improvement. For the year, this division reported a 38% YoY improvement in profits
led by higher sales in Kota Kemuning as well as newly launched Horizon Hills. In the
near future, the group expects its property division continue to be vibrant with sales
expected to top RM700mn in FY08 (vs. RM534mn in FY07) driven by its Horizon
Hills, Jade Hills and High-end Condominium, Madge in KLCC area. The most
promising venture for this division would be its Yenso Park, with GDV of RM8bn over
10-years. The group is expected to launch its Vietnam property in early 2008, with
earnings to be fully felt in FY09.

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Valuation
•  We have upgraded our sum-of-parts valuation to RM9.45 from RM8.40 as a result of
higher earnings from the property division. Additionally, we are adjusting our dividend
forecast to 50 sen in FY08 and 55 sen in FY09 following management guidance of
sustained yield of between 6-7%. Hence, with total return of 15% we are compelled to
upgrade Gamuda to a BUY from a SELL.

gamuda

KLCI INDEX CIMB Investment Bank +60 (3) 2084-9999 – cimbs_research@cimb.com
Sep-06 Dec-06 Mar-07 Jun-07 Sep-07
Source: Bloomberg
What’s on the table
Gamuda 4QFY07 in line – Full steam ahead
Gamuda’s FY7/07 core net profit was 1.7% above our forecast and 1% short of
consensus. As expected, revenue growth was driven by the property, water and highway
concessions. Overall core net profit increased by 17.7%, slower than the 23.6% achieved
at the topline as lower tax rates could not fully offset the higher operating costs and
minority interest. Gamuda's full-year DPS of 46 sen translates into a yield of 5.3%, the
highest in the sector and with scope for upside in FY08 and beyond. The stock is our top
pick for the sector. It offers strong growth in both construction and property over the next
two years, upside to its RM11bn order book and potential from Vietnam. Our FY08-09
forecasts are upped by 2-4% as we fine-tune contributions from these divisions. Maintain
our OUTPERFORM call and FD RNAV-based target price of RM10.80.

zoom9999

收市之前ＧＡＭＵＤＡ　８。９０　１８００＋张大票会被吃掉吗？

fcshyan

不可能, 但有点期望。

joolyj

原帖由 zoom9999 于 24-9-2007 02:19 PM 发表
http://ichart.finance.yahoo.com/z?s=5398.KL&t=1y&q=c&l=on&z=m&p=m50,m20,m100&a=m26-12-9
ＧＡＭＵＤＡ　２０和５０天ＭＯＶＩＮＧ　ＡＶＥＲＡＧＥＳ刚刚黄金交叉；升势
确定；未来上升空间极大
买进Ｃ ...

bro may i know where u get this chart?? thanks

zoom9999

Company Name	:ＧＡＭＵＤＡ子公司获得３１公程	GAMUDA BERHAD
Stock Name	:	GAMUDA
Date Announced	:	27/09/2007

Type	:	Announcement
Subject	:	Proposed Award of Design and Consultancy Works to a Related Party

Contents :

Introduction

Gamuda Berhad (“Gamuda”) wishes to announce the proposed award of a contract for design and consultancy works for the building of a sewerage treatment plant, interchange and infrastructures for the commercial and residential development in the project known as “Yen So Park Development” in Hanoi, Vietnam (“Yen So Works”) by Gamuda or a wholly-owned subsidiary of Gamuda to Sepakat Setia Perunding Sdn Bhd (“SSP”), a related party, for a total estimated contract sum of RM31 million (“Transaction”).

Rationale for the Transaction

Gamuda, through its subsidiaries, is principally involved in township development, civil engineering and construction. The award of the Yen So Works is in the ordinary course of business of Gamuda or its wholly-owned subsidiary.

Basis of Consideration

SSP is a reputable and experienced engineering consultancy company in Malaysia providing design, consultancy and supervision services. It has a proven track record and capability in carrying out the services required by the Gamuda Group and it is able to propose the design that meets with Gamuda’s requirements for the Yen So Works. The fees and terms of the proposed contract were negotiated at an arm’s length basis and are comparable to the prevailing rates quoted for similar scope of works.

Financial Effects of the Transaction

The Transaction will not have any effect on the share capital or major shareholders’ shareholdings of Gamuda and is not expected to have any material effect on the net assets and earnings of the Gamuda Group for the financial year ending 31 July 2008.

Approval Required

The Transaction is not subject to the approval of the shareholders of Gamuda or any government authorities.

Interests of Directors, Major Shareholders and Persons Connected to them

Save as disclosed below, none of the other Directors or major shareholders of Gamuda or persons connected to them has any interest, direct or indirect, in the Transaction:-

Y.Bhg. Tan Sri Dato’ Ir. Talha bin Haji Mohd Hashim, Chairman and shareholder of Gamuda, is also the Chairman and major shareholder of SSP. By virtue of this, Y.Bhg. Tan Sri Dato’ Ir. Talha bin Haji Mohd Hashim is deemed interested in the Transaction and he has abstained and will continue to abstain from deliberation and voting at the Board Meetings of Gamuda in respect of the Transaction.

Board of Directors’ Statement

The Directors of Gamuda (save for Y.Bhg. Tan Sri Dato’ Ir. Talha bin Haji Mohd Hashim), having considered all aspects of the Transaction, are of the opinion that the Transaction is on arm’s length basis and in the best interest of the Gamuda Group.

This announcement is dated 27 September 2007.
ＧＡＭＵＤＡ子公司获得３１公程

zoom9999

ＧＡＭＵＤＡ子公司获得３１Million 公程

LK-Park

你误会了吧，
Yen So Park Development 是 GAMUDA 之前得到 RM8 billions 的工程
现在他把 Yen So Park Development 的某些工程 sub 给别的公司做.

那间公司不是 GAMUDA 的子公司，只是 GAMUDA 的 chairman 也是那间公司的 chairman 而已。。

基本上 GAMUDA 是没有得益。。
你这样的标题会误导人哦。。

zoom9999

未來業績和股息展望看好 金務大明年淨利可超越3億

推薦給朋友    列印

updated:2007-09-27 21:12:04 MYT

 （吉隆坡訊）金務大（GAMUDA，5398）建築臂膀受撥備額拖累，以致全年淨利無法超越預期，但產業、水務和收費大道盈利標青，抵銷了建築臂膀的低迷。

金務大截至2007年7月31日止，全年淨利增17.61%，從前期1億5758萬3000令吉，增至1億8542萬8000令吉；營業額擴大23.59%至15億1635萬9000令吉，前期為12億2689萬7000令吉。


分析員看好新合約的獲取，加上明年潛能更高股息，將是金務大股價最大催化因素。分析員皆預測該公司明年淨利可超越3億令吉。

由於未來業績和股息展望看好，加上有望年杪前攫取更多政府大型基建合約，金務大今日（週四，27日）早在買盤烘托下，一度漲25仙至8令吉90仙，寫3個月新高水平，全天收市掛8令吉80仙，漲15仙。

非建築業務盈利貢獻，佔整體84%，建築業務只貢獻16%。產業臂膀以31%居榜首，水務和收費大道是最新亮點，共貢獻53%稅前盈利。

建築臂膀營收增長26.5%，但為卡塔爾大道工程提供撥備額，衝擊稅前盈利下滑16.9%，該持續虧損的大道計劃預定明年首季竣工。

然而，建築臂膀備受看好2008財年脫胎換骨，北部雙軌火車及寮國水力發電計劃，2008財年開始作出貢獻，加上不須提供海外工程撥備額，建築臂膀有望轉虧為盈。

金務大建築臂膀現有合約訂單達110億令吉，其中50億是海外合約。目前競投總值140億令吉合約，其中66%在國內。以15%至20%得標率估算，安聯研究看好未來合約訂單或增至126億令吉，加上大資本和流通，被列為首選建築股。

安聯估計金務大明年淨利可達3億3690萬令吉；亞歐美研究預計淨利為3億6220萬令吉；達證券預計淨利為3億2130萬令吉。

金務大產業臂計劃的發展總值，目前累積至183億令吉，越南的產業計劃將成為最新的盈利動力。達證券指出，籠罩產業領域的各種利好，料推動產業銷售額走高。

聯昌研究預估，建築和產業臂膀的2008和2009財年收入，將分別增長100%和88%，而上調金務大淨利預測2%至4%，越南是未來成長所在。

除了建築和產業臂膀的顯著貢獻，亞歐美指出，收費大道臂膀旗下兩條大道，白蒲大道和沙阿南大道明年調漲過路費、皆對未來淨利作正面貢獻，預料2009年淨利成長達49%。

全年股息激不起驚喜，由於第4季沒有派息，全年總股息達46仙，前期為16仙，約等於5.3%週息率，但已創行業最高水平。

亞歐美研究指出，金務大2008財年總股息或增至50仙，週息率擴大至5.8%。

金務大是第9大馬計劃基建合約熱門得標公司，分析員指出，未來的股價和估值動力，將由國內外最新合約，更高股息水平、持續交出亮眼影盈利等利好推動。 （星洲日報/財經•2007.09.27）

1976	Gamuda was incorporated on 6 October 1976.
1992	Gamuda was listed on the main board of the Kuala Lumpur Stock Exchange on 10 August 1992.
1993	In 1993 Gamuda, a partner in the consortium company KESAS Sdn Bhd, signed a concession agreement to undertake the construction, operation, maintenance and management of the Shah Alam Expressway for 28 years and nine months.
1994	In 1994 Gamuda acquired its first landbank with the purchase of Ladang Bukit Kemuning in Shah Alam, Selangor. This marked Gamuda's entry into township development.
1996	In 1996 Gamuda signed a second concession agreement with the Federal Government via Lingkaran Trans Kota Holdings Berhad (LITRAK) for the privatisation of the Lebuhraya Damansara Puchong (LDP) Highway.
1997	In 1997 Gamuda followed the LDP Highway concession with a concession agreement through SPRINT for the improvement, upgrading, design, construction, maintenance, operation and management of the SPRINT Highway.
2000	In 2000, one of Gamuda's associate companies, SPLASH (Syarikat Pengeluar Air Sungai Selangor Sendirian Berhad), signed a concession agreement with the Selangor State Government for the Sungai Selangor Phase 3 Water Project (SSP3). In 2000, Gamuda was voted Best Asian Construction Company by Euromoney magazine. In November 2001 Gamuda signed a concession agreement with the National Highways Authority of India (NHAI) to undertake the Panagarh-Palsit Highway projects in West Bengal, India.
2001	In November 2001 Gamuda signed a concession agreement with the National Highways Authority of India (NHAI) to undertake the Panagarh-Palsit Highway projects in West Bengal, India.
2002	In March 2002 Gamuda signed a second concession agreement with NHAI for the Durgapur Highway, also in West Bengal. In July 2002 Gamuda signed a joint venture agreement with MMC Engineering to jointly undertake the construction of SMART - an integrated bypass tunnel-cum-motorway in Kuala Lumpur City. In October 2002 Gamuda signed a joint agreement with New Asia Construction & Development Corporation of Taiwan and the Kaohsiung Rapid Transit Corporation to undertake the Kaohsiung Mass Rapid Transit Project in Taiwan.
2003	Gamuda signed a Shareholders' Agreement with Malaysia Mining Corporation Berhad (MMC) to regulate their rights and liabilities inter se as shareholders of the company which will undertake, carry out and implement the RM14.448 billion Electrified Double-Tracking Project between Ipoh-Padang Besar and Seremban-Johor Bahru (2T Project) pursuant to the Letter of Award dated 21 October 2003 issued by the Government of Malaysia. Gamuda signed an EPC Joint Venture Agreement with MMC to form an unincorporated joint venture for the purpose of undertaking and implementing the Stormwater Management And Road Tunnel (SMART) Project as an EPC Contractor. On the same day, Gamuda signed a Deed of Revocation with MMC Engineering Group Berhad, a subsidiary of MMC, in relation to the Joint Venture Agreement dated 26 July 2002.
2004	MMC-Gamuda Joint Venture received a letter from the Government of Malaysia informing the joint venture that the Government had decided to postpone the implementation of the 2T Project to a date to be notified. Gamuda secured the Nam Theun 1 Hydroelectric Power Project in Lao People’s Democratic Republic (PDR) to supply 400MW of electricity to Electricity Generating Authority of Thailand (EGAT). The Project has a development cost of approximately RM1.5 billion. Syarikat Mengurus Air Banjir & Terowong Sdn Bhd (SMART Sdn Bhd), a 50% associate company of Gamuda, signed the Construction cum Concession Agreement with the Government of Malaysia for the implementation of the SMART Project. The SMART Project has a total construction cost of RM1.933 billion. It involves: the design, construction and commissioning of the stormwater channel the design, construction and commissioning of a double-deck motorway (Motorway); and a 40-year concession for SMART Sdn Bhd to operate and collect toll on the Motorway.
2005	Gamuda wins contract for New Doha International Airport in Qatar to design and build two runways of 4.85km and 4.25km, three parallel taxiways, aircraft parking aprons, drainage works and airfield ground lighting facilities equipped with four substations. Gamuda through our Gamuda-WCT joint venture was awarded the construction of the Dukhan Highway in Qatar by the Public Works Authorities of the State of Qatar. The project involves the construction of approximately 43km of new highway from the town of Shahaniya to the existing Zekreet interchange near the Dukhan industrial area. A four-lane dual carriageway with grade-separated interchanges will be constructed to replace the existing two-lane single carriageway. Included in the project are the construction of bridges and ancillary works. Gamuda Land entered into a joint-venture agreement with UEM Land to design and build a signature gated development over 1,200 acres of land on Bandar Nusajaya, Johor, Malaysia.
2006	In July, Gamuda was awarded the Sitra Causeway Project in Bahrain. The project is the third in the Gulf States and will involve the building of two marine bridges and associated embankment works together with flyovers at both ends of the Sitra Causeway and Nabih Saleh Island. In December, Gamuda signed a tariff agreement with Thailand’s EGAT for Nam Theun 1 Hydropower Project. The Group which is the lead project sponsor of the US$700 million hydropower project in Laos, inked the agreement with Electricity Generating Authority of Thailand (EGAT) on the future purchase of hydroelectric power. Gamuda is the sole EPC contractor for the project.
2007	Gamuda Land won approval to develop the 327ha Yenso Park, a fully integrated commercial project in Hanoi, Vietnam. The project will comprise a mixed development of commercial and residential units designed to be Hanoi’s new commercial and urban centre. Gamuda’s partner in this project is Mechanical Engineering Services Limited Liability Co (MESC), a state owned enterprise under the Department of Public Works and Transport.

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Key projects to boost Gamuda earnings
By SURAJ RAJ
PETALING JAYA: Gamuda Bhd’s earnings are expected to gain momentum in the financial year ending July 31, 2008 (FY08) and FY09 due to higher contributions from several key projects, according to AmResearch.  The projects, the brokerage said, included the Ipoh-Padang Besar double-tracking job worth RM6bil, the RM1.9bil Nam Theun 1 hydropower project in Laos and the RM1.5bil Yen So Park infrastructure development in Vietnam.  “Looking ahead, we project Gamuda’s FY08 and FY09 net profit to grow 97% and 23% to RM365mil and RM447mil respectively,” the brokerage said in a note yesterday.  For FY07, Gamuda’s net profit rose 17.6% year-on-year to RM185.4mil while revenue improved to RM1.52bil, a 24% increase from RM1.23bil in FY06.  The company said FY07 earnings were bolstered by higher contribution from its property development and water-related and expressway concessions divisions.  AmResearch, which is maintaining a “buy” call on Gamuda with a target price of RM9.80, said the stock’s valuations were reasonable given the company’s robust earnings growth.  “There could be further upside to current gross yields of 6% given strong cash flow generation from its concession division and healthy RM1bil cash hoard as at July 31,” it said.  AmResearch also said Gamuda was bidding for up to RM15bil worth of projects locally and abroad.   “This excludes the Pahang-Selangor interstate water project, for which it has submitted a proposal,” it said, adding that Gamuda’s outstanding orderbook, which currently stood at RM11bil, would help underpin construction earnings over the next three to four years.   On the property front, it said Gamuda’s soft launch of RM124mil worth of properties at Horizon Hills in Johor was fully taken up within four months.  “Moving into FY08, Gamuda plans to launch RM700mil worth of properties, backed by unbilled sales totalling RM550mil as at July,” it said.  A dealer said investors snapped up Gamuda shares yesterday following its commendable FY07 results. The stock, which touched a three-month intraday high of RM8.90, put on 15 sen to RM8.80 on volume of 5.5 million shares.

zoom9999

Wednesday,  26 Sep 2007
7:19PM	Financial year end net profit 185.428 million (increase 17.67%)

6:44PM	FMR Corp. & Fidelity International Limited (810,800 Shares Acquired)
6:20PM	FMR Corp. & Fidelity International Limited (724,100 Shares Disposed)
6:20PM	FMR Corp. & Fidelity International Limited (1,113,200 Shares Transacted)
6:20PM	FMR Corp. & Fidelity International Limited (400,000 Shares Acquired)
Tuesday,  25 Sep 2007
5:14PM	FMR Corp. & Fidelity International Limited (652,100 Shares Acquired)
5:14PM	FMR Corp. & Fidelity International Limited (200,000 Shares Acquired)

ＦＭＲ大量在市场扫票

zoom9999

ＧＡＭＵＤＡ　ＷＥＥＫＬＹ　ＭＡＣＤ即将黄金交叉；ＤＭＩ也来个突破；看来会
在今天下午或ＭＯＮＤＡＹ；上次突破失落感ＧＡＭＵＤＡ　４。００。。过后上
升到９。１０见顶；这次会去到那里呢？你自己算咯！ＧＡＭＵＤＡ　ＣＤ还有３。
５个月到期。。。不赚到你笑吗？

Iovecindy

好，希望如此。。。

CalvinCLK

我的GAMUDA-CD今天T+3了，准备出货。。。

fcshyan

加油！！！GAMUDA-CD

prestigio

DOW JONES NEWS

Market Talk

12:17 PM  Citi Ups Gamuda To Hold From Sell, Tgt To MYR8.81



请问这是好消息还是坏消息？