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 5398 GAMUDA, any comments?

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TSglengoh
post Nov 1 2009, 01:44 AM, updated 17y ago

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First of all i would like to thank anyone who comment on this post. I'm a newbie and i need to get an idea of how u guys think in investing in stock market.I've been watching this stock lately. As after the budget mentioned 5% of the sales of property will be charged and i do think it does affect the construction sector. Gamuda's price dropped from 3.34 to 3.15. Wat do u investors think of this stock? any comment?
mopster
post Nov 1 2009, 03:32 AM

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*puff*puff* - *blowing off the dust..*
here is an old thread on Gamuda... http://forum.lowyat.net/topic/707856/+100

Recent Gamuda drop has little to do with the 5% RPGT. If you catch up with Gamuda's news, a company disposed 9Million Gamuda shares in October. That could be the main cause why the share price dropped. I dont know if share disposing will stop there.
Property development is just part of their core business. They are more focused on infratstructure, constructions of highway, lrt etc.
Just my little opinion..

cherroy
post Nov 1 2009, 05:36 PM

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Please use the existing thread.

Thank you.

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