what happen any idea ? foreign fund manager at year end selling gamuda , wct share ?

Probably some funds are selling down construction counters....

http://announcements.bursamalaysia.com/EDM...B5?OpenDocument

HSBC Holdings plc on 18/11/2009

Disposed gamuda 1,734,500 share ....

Dubai debt fears?

those construction company who have business exposure in the middle east is dropping bacause of dubai world...
gamuda, WCT, IJM... thats why others like mudajaya, fajar builder still staying firmly...

Written by Joseph Chin
Monday, 30 November 2009 13:44

KUALA LUMPUR: CIMB Equities Research sees the downside as fairly limited for WCT and Gamuda following the fallout from the developments in Vietnam and Dubai last week, though WCT is involved in Abu Dhabi only.

The research house said although the developments there were negative surprises, their implications for WCT and Gamuda were unlikely to be substantial.

CIMB Research said for Gamuda, the devaluation of the Vietnamese currency, the dong, "has both a cost savings impact and a small reversal of profits for infrastructure works at Yenso Park". It added the potential negative impact on property demand was likely to subside over time.

As for WCT, its exposure to the dong relates only to expenses of about RM1 million for its US$700 million Platinum Plaza project in Ho Chih Minh City.

"The good news is that both companies do not have exposure to Dubai. We maintain our forecasts and Outperform calls on WCT and Gamuda which are also our top picks for the sector," it said.

The research house said potential re-rating catalysts include subsiding fears over Vietnam and the Middle East, new contract wins, and progress of mega jobs. It also maintained its overweight on the CONSTRUCTION [] sector.

bought 4000 unit of Gamuda @ 2.67 yesterday

Announcement Subject:

GAMUDA BERHAD (“GAMUDA” OR “THE COMPANY”)

Status of the Offer to Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (“SPLASH”) from the Selangor State Government

Contents :

Reference is made to our announcement dated 21 July 2009 in relation to SPLASH’s acceptance of the Selangor State Government’s (“SSG”) offer to purchase the water-related assets and operations of SPLASH for an estimated gross price of RM2,975 million subject to the terms and conditions as announced therein (“Offer”).

Gamuda wishes to announce that SSG had on 30 November 2009 informed SPLASH that it was unable to proceed with the Offer due to Syarikat Bekalan Air Selangor Sdn Bhd’s (“SYABAS”) and Puncak Niaga (M) Sdn Bhd’s disagreement with SSG’s offer to them and as such, SSG’s Offer to SPLASH via its Third Letter of Offer dated 15 July 2009 was deemed lapsed and of no effect.

This announcement is dated 1 December 2009.


http://announcements.bursamalaysia.com/EDM...4F?OpenDocument

This post has been edited by protonw: Dec 1 2009, 05:43 PM

This Gamuda is another GLC companies, I would advise not to pour money into this counter. Besides, it is also a construction based company, so profits will be largely based on contracts basis..Just my 2 cents..

people buy it cuz its GLC company, glc easy to get goverment contracts, there are some big contract to be given out soon next year.

will Gamuda be affected by the Selangor water buyout? or will the escalation of cost due to double-tracking rail project has the impact on Gamuda?

This post has been edited by Superman7: Dec 3 2009, 08:40 PM

Gamuda has a good fly this morning. Now retract a bit...

Can Gamuda price go up from rm 2.85 now?

need to wait till ppl forget and cool down from dubai case..

i think the dividend this year should be able to get 4 % . i went in average 2.82.

What's your view on the Right Issue of Warrants?

I was asking my remisier this morning regarding the warrant,

wonder how to buy at rm 0.10 ? He told me need to buy bankdraft. Anyone here can teach me?

To start with the issue of the warrant had just being proposed. 1 warrant for every 8 shares at 0.10 and no other detail had being announce yet.
If I am you I will not worry too much on this issue yet, since you don't know the strike price and the x date.
One think you need to be aware that if you are holding this share and you intend to pick up the warrant later your share should be in multiple of 800 to avoid having an odd lot for your warrant right.
If you are holding the share at the x date a letter will be send to you by the share registrar explaining you the right and how to go about excising it.
Before that just be happy and stop worrying.

Gamuda worth to keep now as they are one of the toll owner.. once government approve the increaase of toll price , i think they have a nice net profit in the next financial report

I guess people are holding cos of the next Gov stimulus plan (est. 8bil).

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Added on January 12, 2010, 10:21 ambro.. if via nominee acc (e.g. hlebroking), will the letter be sent by registrar to you or to the bank?

This post has been edited by Superman7: Jan 12 2010, 10:21 AM