there's one existing GAMUDA discussion thread.

why not continue from there:-
http://forum.lowyat.net/index.php?showtopic=707856&hl=gamuda

Construction first one to kena in recession... quite unlikely to carry on the dividend...

This statement we need to interpret properly.

What is low? Compared to peak previous achieved? Then this definition low can be very misleading.

You look at a long term chart, Gamuda most of the time is range bound in 1.60 - 2.50 for this lastest 5 years. It only break out to 5.00 last year or so until recent plunging down.

With economy slowndown, construction is always on the front line to be experiencing the effect.

http://mt.m2day.org/2008/content/view/13675/84/

Becareful for any construction stock not only becos of recession but our politic

Sold my Gamuda at 1.93...enough for a nice meal at Chilli's for 2 person

i long term target 1.50...haha..

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Added on October 14, 2008, 4:49 pm
Gamuda p/e now 20.56

This post has been edited by hanif444: Oct 14 2008, 04:49 PM

look's like the target price is going to be reached sooner than i expected. May need to revise it again to 1.00.

today closed at 1.5x....anyone join in some?

Started buying some today. But kept some bullets for averaging down.

Australia’s Platinum Investment ups Gamuda stake

KUALA LUMPUR: Australia-based Platinum Investment Management Ltd acquired 7.18m Gamuda Bhd shares on Nov 3, when the share price was near its 52-week low.

A filing with Bursa Malaysia showed the fund manager acquired the shares from the open market. The share price closed at RM1.65 on that day.

After the recent acquisition, its shareholding was increased to 179.17 million shares or 8.93%.

At the current trading price of RM1.86, the stock is trading at a historical price-to-earnings of 11.37 times.

Its 52-week low was RM1.25 on Nov 4 while its 52-week high was RM5.80 on Jan 14.

URL: http://biz.thestar.com.my/news/story.asp?f...45&sec=business

can buy at 1.50...now abit too risk..

Hi David83,
Can explain what the new's will do to the share price?
Thanks.

I follow Maybank investment guideline.
GAMUDA can go for trading BUY.

I bought 2000 units at 1.60 on 23 Nov, now it is 1,85.
Easy gain RM400-500 in a month time.

That's good. You really got it at a good price.

GAMUDA is actually recommended by many.... one of the projected top dividend yielders for '09.... if the price drops, will definitely go for this counter...

Just sold it today at 1.90.


Will buy again when it drops again.

congratulation

i would actually suggest you guys to look at WCT .. i think they might beg some project in Nusajaya

Gamuda Q1 net profit at RM55m

KUALA LUMPUR: Gamuda Bhd’s net profit in the first quarter ended Oct 31 was RM55.03mil versus RM88.06mil a year ago due to lower contribution from property and construction segments.

It announced on Wednesday that revenue was higher at RM614mil compared with RM482.4mil a year ago. Earnings per share were 2.74 sen compared with 4.43 sen.

URL: http://biz.thestar.com.my/news/story.asp?f...18&sec=business

How is Gamuda stock today ? Go up after the announcement ?

Surged 4 cents to close at 1.86.