been doin alot of research on this particular company Selangor Dredging Berhad (stock code 2224). ive got lack of experience in investing shares so hope some ppl can share some advice for me. some info of this company is it is involve in the 'high-end' properties in msia and sg and they r launching in the next few months and currently their share price has drop to 0.48cents.

this is the share counter :
http://biz.thestar.com.my/marketwatch/char...00&p8=0&p9=0.01

this is their website :
http://www.sdb.com.my


some other infos :
http://www.sdb.com.my/popup/news/2008may26.htm
-Yeonzon Yeow, head of research at Kenanga Investment Bank, has a "buy" calI on SDB's stock, saying the group's strength lies in its cutting-edge products and its good property management.
While some view SDB as a small cap stock that doesn't perform as well as other property stocks, he said the developer was able to achieve strong sales with high benchmark prices.


http://www.sdb.com.my/popup/news/2008feb21.htm
-SELANGOR Dredging Bhd is on the right track as its future development pipeline remains exciting and its projects have been well received said Kenanga Investment Bank Bhd.

Maintaining its buy recommendation on the stock at 82 sen and a target price of RM1.84 based on sum of parts (SOP) realised net as set value (RNAV), the research house said the company’s FY08 and FY09 estimated price earnings ratio (PER) multiples of nine times and six times remain attractive.


so what u guys think? is it a good buy now as it has dropped to it's lowest value bcoz of the current economic situation?

p/s : sorry mods, i thought i posted in the stock exchange forum, really blurred... can u help me move this topic to that section? thanks!!

This post has been edited by [gs]JackMin: Oct 16 2008, 07:48 AM

I heard of this counter before, but when you say construction, already my feelings are saying it's not worth it.

Because construction during a time of high inflation means they will have problem controlling their construction costs.

Recession or signs of recession might make people more careful with their spending and buy completed houses or not buy until the turmoil is over.

Construction stocks normally don't have such a consistent record of dividend payments, meaning at a time of market turmoil, it's stocks are likely to be battered down with the rest of the index unless supported by a strong dividend policy.


These are my initial concerns regarding construction counters. But more importantly, WHY must you choose this counter in particular? Any reason you think this counter is better than the more establish ones which are also getting share prices pressured down.

i'm with skiddtrader. The worse for Construction & Properties is just begun.

Im seeing 25-30c. from current level by Q1, 2009 for 2224

Selangor Dredging 2Q profit falls to RM9.5m

Selangor Dredging Bhd (SDB) reported lower profit for the second quarter ended Sept 30 (2QFY13) on higher tax charge for the period under preview.

The property developer registered net profit of RM9.5 million for 2QFY13 against RM10.2 million a year ago.

But turnover was higher at RM85.3 million for the second quarter, compared to RM61.7 million.

“The higher turnover was mainly attributable to higher revenue recognition from Dedaun and Hijauan projects compared to the previous corresponding quarter.

“The lower net profit was mainly due to higher current period’s tax charge after utilization of tax losses of certain subsidiaries in previous corresponding period,” the group said in a note to the exchange today.

For the first half of the financial year to September, the group saw a decrease in profit to RM18.8 million from RM20.8 million a year ago.

Its revenue for the cumulative period climbed to RM156.1 million from RM127.0 million previously.

Looking forward, the group anticipates soft demand for properties due to the recent announcements to curb speculative activities in Budget 2014.

SDB also expects the goods and services tax (GST) to have an impact on property development, operational and compliance costs come April 1, 2015.