Doing projects are tough, there are a lots of things not within your calculations and controls. Costs could overrun.


"Gamuda's valuation steep, core FY08-09 P/E 19X-28X vs rivals' 12X-17X. Also, cuts FY09-10 earnings forecast 8%-9% on lower orderbook assumption (MYR2.5 billion vs previous MYR3.0 billion), lower pretax margin forecast (5% vs previous 8%) for national double-tracking project on rising material cost. "

This post has been edited by SKY 1809: Feb 25 2008, 03:18 PM

woah!! .. i stop playing the market for a few months.. what's happening with Gamuda???

hmm, looks like you have overheard from news/rumour
you are right, due to unknown reason, projects can be terminated or cancelled

/staying sideline to watch

Bad news are coming out one by one.

DJ MARKET TALK: Ho Hup May Extend Fall On Delisting Fears - 2008-02-25 00:59:00.0



0059 GMT [Dow Jones] Ho Hup Construction (5169.KU) may fall to test all-time low of 40 sen on announcement company has failed to submit 3Q07 results within stipulated timeframe (Nov. 30). If company fails to submit results by Feb. 29, trading in Ho Hup's shares will be halted the following market day. "The biggest concern now is that Bursa Securities may initiate delisting procedures. Investors are likely to dump the stock and stay on the sidelines rather than take that risk," says dealer. Shares ended down 12.5% at 42 sen Friday. (VGB)

---

Added on February 25, 2008, 1:14 pmWhat i say are basing on facts . Things that happened in the past and are happening now. No Rumours Please.

Warning oledi given by Top Gun.

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Added on February 25, 2008, 1:24 pm



KLCI FUITURES CONTRACTS MOSTLY HIGHER AT MID-DAY
25 Feb 2008, 13:21
KLCI FUITURES CONTRACTS MOSTLY HIGHER AT MID-DAY

KUALA LUMPUR, Feb 25 (Bernama) -- The Kuala Lumpur Composite Index (KLCI)
futures contracts on Bursa Malaysia Derivatives were mostly higher at mid-day
today with investors taking the cue from Wall Street's gains last Friday,
dealers said.
At lunch break, spot month February 2008 lost one point to 1,360.0 while
March 2008 increased 0.5 of a point to 1,356.5.
Far contract month June 2008 went up 1.5 points to 1,351.0 and September
2008 gained nine points to 1,350.0.
Volume stood at 9,904 lots while open interest amounted to 38,277
contracts.
On the cash market, the underlying KLCI was one point higher at
1,370.48. -- BERNAMA






This post has been edited by SKY 1809: Feb 25 2008, 01:24 PM

I have quickly chopped off Gamuda still feel painfull..Don't try to hold with your hand if you see something uncertain falling from sky"1809". Unless you have clearer picture.


This post has been edited by TopGunn: Feb 25 2008, 01:38 PM

thank you for your advice. make a note here.

ermm, i dun quite understand the bolded part

maybe falling dagger he means??? hehehehehe......
dunno this is really panic selling, over-reacted or indeed there's a BIG prob with Gamuda......

It was a normal practice for us to do during Currency Crisis. Quite similar. Not very sure about his.

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Added on February 25, 2008, 1:49 pmI mean do not wait for things to happen first :-

DJ MARKET TALK: MIMB Tips Gamuda As Sell Based On Charts - 2008-02-25 05:32:00.0



0532 GMT [Dow Jones] STOCK CALL: MIMB Research tips construction firm Gamuda (5398.KU) as Sell based on charts; notes stock broke its key support level of MYR4.54 on Feb 21 after peaking at its recent all-time high of MYR5.80 on Jan 14 with ample bearish divergent signals. "It remains in very firm daily and weekly downtrends with weak technical posture," MIMB says. Adds "investors would do well to Sell and dispose Gamuda on any rallies"; pegs immediate support at MYR2.90. Stock down 11.2% at MYR3.48 in active trade. (ECH)




This post has been edited by SKY 1809: Feb 25 2008, 01:49 PM

Really?? It's just a hint, normally fortune-teller will not tell you directly mah...you have to guess..When the time reach, you will know abt it...hehe..

wow immediate support at 2.90

You never contact your friend, Chin ?

you said P&C mah. he would appear in the forum if he really wants to tell

actually its gamuda md lin yun ling...hsbc is the nominee only.

fidelity owns a lot of shares

GOSH~~ Gamuda wil fall <3.00 today???

This post has been edited by aretla: Feb 25 2008, 02:40 PM

MARKET TALK: Gamuda Off 16.3%,Extends Fall;May Test MYR3 Floor - 2008-02-25 07:14:00.0



0714 GMT . Construction concern Gamuda (5398.KU) down 16.3% at MYR3.28 in heavy volume, extending recent decline on foreign funds' selling pressure following move by founder and MD Lin Yun Ling to pare shareholding to 1.7% from 5.2%. Stock may fall to MYR3 (psychological support) as early as today if selling persists; below this, next support at MYR2.87 (Aug. 17 low). "Reasons such as estate planning (by Lin) or company's valuation having peaked is just not holding water. The market is convinced that there's a deeper reason for Lin's move. The key concern now is that he may not be fully committed to the running of the company or be interested in growing its business," says institutional dealer. Notes, combined total of around 25% of Gamuda's shares held by foreign funds. Since announcement of stake sale by MD Lin on Feb. 12, Gamuda has dived some 36.3%, losing MYR3.78 billion in market capitalization. (VGB)

GAMUDA rebounded from 3.20 to 3.54 (wow, damn chi kek!)

3.20 could be bottom for GAMUDA?

whoever daring enuf to buy Gamuda @3.20 surely can make a bundle today