[GAMUDA BHD：占地2300英亩的A岛填海工程计划于2020年下半年开始；为一家国有石油公司CPC Corporation Taiwan建造了一座1.23公里的海上桥梁，价值新台币3,954,610,508（相当于5.22亿令吉）]
金务大集团（Gamuda Group）在20财年第1季取得了类似去年的1.74亿令吉净利，而去年同期则为1.72亿令吉。
Gamuda工程：
建筑收益较低的主要原因是，在与政府重新谈判以将高架和地下工程作为一个总承包合同进行重新谈判之后，捷运2号线的合同价值减少了。
Gamuda Land：
海外项目继续表现良好，海外销售占集团物业销售的三分之二；增加产业的收益。
Gamuda基础设施特许权：
较低的Kesas获利是因为流量略有下降以及Gamuda Water厂的修复费用的准备金。
QoQ：
集团在本季度的税前利润为2.18亿令吉，低于前一季度的2.24亿令吉。
前景：
巴生谷捷运：Sungai Buloh – Serdang – Putrajaya Line（“ MRT Line 2”）：
MMC Gamuda与政府达成协议，将高架工程转换为“项目交付合作伙伴”（PDP）模式，并将地下工程设计和建造工程打包成一份总值为305.3亿令吉的总承包合同。截至2019年10月底的总体累积进度：
-高架工程的进度达到了65％；和
-地下工程的进度为67％
对于隧道工程，隧道驱动器正在进行中，其中5个隧道驱动器已完成，另外还有10个驱动器正在进行中。
砂拉越的泛婆罗洲公路-WPC04（从Pantu Junction到Btg Skrang）：
Naim Engineering Sdn Bhd – Gamuda Berhad合资企业于2016年7月25日为Pan Borneo Sarawak项目获得了WPC04的项目（Pantu Junction到Btg Skrang）。范围包括扩建和升级现有的89.30 km长，两车道单车道从Pantu Junction到Batang Skrang的车道，到JKR R5标准的4车道双车道。截至2019年10月，整体累计进度为46％。
槟城交通总体规划：
2015年8月14日，公司拥有60％股份的SRS财团收到槟州政府的授予书（LOA），任命SRS财团为实施槟城交通总体规划（PTMP）的项目交付合作伙伴（PDP）。2019年8月30日，州政府将LOA的有效期延长至2020年2月29日，预计PDP协议将于2020年1月签署。
LRT的批准：
铁路计划已于2019年7月18日获得有条件批准。为期3个月的公共检查自8月19日开始，至2019年11月19日结束，LRT已获得超过97％的支持。
Pan Island Link 1（PIL1）高速公路的批准：
环境部在2019年4月10日的信中批准了PIL1的环境影响评估报告。详细的工程设计将在与槟州政府签署PDP协议后开始。
槟城南部填海的批准：
槟城南部填海工程（PSR）已于2019年4月18日提交给Majlis Perancang Fizikal Negara（MPFN）。环境影响评估报告已于2019年6月25日获得批准。占地2300英亩的A岛填海工程计划于2020年下半年开始。
台湾海洋大桥：
2019年3月，金务大（Gamuda）与一家台湾公司合资成立公司，拥有70％的股份，中标为一家国有石油公司CPC Corporation Taiwan建造了一座1.23公里的海上桥梁，价值新台币3,954,610,508（相当于5.22亿令吉）。海事大桥将接收站连接到人造岛，该项目预计于2022年11月完成。
Gamuda工业建筑系统（“ Gamuda IBS”）：
Gamuda IBS于2016年6月开始运营雪邦的第一家工厂和2019年5月的万津的第二家工厂。有了这两家工厂，它们的年产能为10,000个单位。这使他们处于良好的地位，可以支持政府在未来十年内建造100万套经济适用房的目标。好处是：
a. 改善出厂质量
b. 增强工人的安全与健康
C. 环保，减少浪费至百分之一以下
d. 减少70％对体力劳动的依赖
e. 缩短工期12个月
到2020年，Gamuda IBS将其数字制造业务扩展到：
-所有Gamuda Land的高层建筑；和
-Gamuda Cove第一阶段开始的有地产业。
Gamuda（澳大利亚）分公司：
Gamuda Berhad通过其全资子公司Gamuda Engineering Australia Pty Ltd投资了Martinus Rail Pty Ltd 50％的股份。他们希望在未来一年左右的时间里招标超过200亿澳元的工程。
GAMUDA LAND：
房地产部门在今年第一季度售出了价值5.09亿令吉的房地产，而去年同期为6亿令吉。海外项目贡献了总销售额的三分之二。
海外：
位于澳大利亚墨尔本的豪华高层公寓661 Chapel Street的销售正在进行，而新加坡的Anchorvale Crescent将于今年推出。
马来西亚：
ELITE高速公路连接Gamuda Cove的interchange于2019年9月开放；允许访问者访问项目站点。占地50英亩的探索公园的第一阶段预计将于年初开放。twentyfive.7的Quayside购物中心的建设已接近完成，计划于2020年6月开业。
金务大花园（Gamuda Gardens）拥有许多景点，例如50英亩中央公园的光明花园（Garden of Light），在夜间可照亮湖面，开设FIFA大小的足球场，并提供婚礼，派对和庆祝活动的活动空间（背景为郁郁葱葱的绿色植物和雄伟的瀑布），以及年初开放的海滨村。
高速公路：
集团已同意将其在KESAS，SPRINT，LITRAK和SMART四个高速公路上的所有权益出售给政府。 Gamuda在这四条公路上的股权价值为23.6亿令吉。内阁已经批准了在2020年预算公告中宣布的收购，现在他们将向股东提出收购建议。与政府最终确定最终协议的条款和条件的谈判预计将于2019年12月31日完成。财政部的献议的完成日期为2019年12月31日至最晚2020年3月31日。
水：
2019年5月24日，金务大拥有80％股权的Gamuda Water为Sungai Selangor Water Treatment Plant Phase 3签署了新的运营和维护协议（OMA）。新的OMA的价格比原先旧的OMA的价格降低了2仙/立方米。
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James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM2.43 (dividend RM0.025) in 1 year 4 months 22 days, total return is 243.4%
b) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.25 in 11 months 14 days, total return is 117.4%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.45 (dividend RM0.04) in 1 year 6 months 2 days, total return is 87.4%
d) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.80 in 4 months 9 days, total return is 75.8%
e) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.85 (adjusted)(dividend RM0.01) in 7 months 1 day, total return is 71.3%
f) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.50 in 6 months 4 days, total return is 66.7%
g) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.22 (dividend RM0.015) in 1 Year 18 days, total return is 54.4%
h) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.30 (dividends RM0.113) in 1 Year 2 months 27 days, total return is 51.8%
i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.66 (dividend RM0.105) in 1 Year 1 month 16 days, total return is 39%
j) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM5.35 (adjusted) (dividend RM0.13431) in 1 Year 5 months 4 days, total return is 38.5%
我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：
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我想说服读者学习基本面分析FA以便能从股市赚钱。
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James Ng
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[GAMUDA BHD: Reclamation works for the 2,300-acre Island A is targeted to commence in second half of 2020; to construct a 1.23 km marine bridge worth NTD3,954,610,508 (equivalent to RM522 million) for CPC Corporation Taiwan, a state-owned petroleum company]
Gamuda Group posted a similar net profit of RM174 million in 1QFY20 as compared with a net profit of RM172 million for the same quarter last year.
Gamuda Engineering:
The lower construction earnings was mainly due to the reduction in MRT Line 2’s contract value following the re-negotiation with the Government to undertake the elevated and underground works as a single Turnkey Contract.
Gamuda Land:
Overseas projects continued to perform well with overseas sales contributing two-thirds of group property sales; bolstering property earnings.
Gamuda Infrastructure Concession:
Lower Kesas profit on slightly lower traffic and Gamuda Water plant rehabilitation cost provision.
QoQ:
The Group’s profit before tax for this quarter of RM218 million is lower than the immediate preceding quarter’s profit before tax of RM224 million.
Prospects:
Klang Valley Mass Rapid Transit: Sungai Buloh – Serdang – Putrajaya Line (“MRT Line 2”):
MMC Gamuda reached an agreement with the Government to convert the elevated works under a Project Delivery Partner (‘PDP’) model, and the design and build underground works package to a single Turnkey Contract for a combined contract price of RM30.53 billion. The overall cumulative progress at the end of October 2019:
-Elevated Works Package is on track at 65%; and
-Underground Works Package is on track at 67%
For tunnelling works, the tunnel drives are progressing with 5 tunnel drives completed and a further 10 drives currently underway.
Pan Borneo Highway, Sarawak – WPC04 (Pantu Junction to Btg Skrang):
Naim Engineering Sdn Bhd – Gamuda Berhad JV accepted the award of the WPC04 (Pantu Junction to Btg Skrang) for the Pan Borneo Sarawak project on 25 July 2016. The scope includes the widening and upgrading of the existing 89.30km long, 2-lane single carriageway road from Pantu Junction to Batang Skrang to a 4-lane dual carriageway of JKR R5 standard. Overall cumulative progress at the end of Oct 2019 was 46%.
Penang Transport Master Plan:
On 14 August 2015, the Company’s 60%-owned SRS Consortium received a Letter of Award (‘LOA’) from the Penang State Government appointing SRS Consortium as the Project Delivery Partner (PDP) for the implementation of the Penang Transport Master Plan (PTMP). On 30 August 2019, the validity of the LOA has been extended by the State Government to 29 February 2020, and the PDP Agreement is expected to be signed in Jan 2020.
Approvals for LRT:
The Railway Scheme was given Conditional Approval on 18 July 2019. The 3-month Public Inspection that started on 19 August, and which ended on 19 November 2019 has garnered more than 97% support for the LRT.
Approval for Pan Island Link 1 (PIL1) Highway:
The EIA report for PIL1 has been approved by DOE in letter dated on 10 April 2019. Detailed engineering design will commence upon signing of PDP agreement with Penang State Government.
Approvals for Penang South Reclamation:
Penang South Reclamation (PSR) Project was presented to Majlis Perancang Fizikal Negara (MPFN) on 18 Apr 2019. The EIA report was approved on 25 June 2019. Reclamation works for the 2,300-acre Island A is targeted to commence in second half of 2020.
Marine Bridge, Taiwan:
In March 2019, Gamuda’s 70%-owned joint venture with a Taiwanese company won the tender to construct a 1.23 km marine bridge worth NTD3,954,610,508 (equivalent to RM522 million) for CPC Corporation Taiwan, a state-owned petroleum company. The marine bridge connects a receiving terminal to a man made island and the project is expected to be completed in November 2022.
Gamuda Industrialised Building Systems (‘Gamuda IBS’):
Gamuda IBS commenced operations in June 2016 with the first factory in Sepang and a second factory in Banting in May 2019. With these two factories, they have the capacity to produce 10,000 units per year. This puts them in a good standing to support the Government’s target to build 1 million affordable homes in the coming decade. The benefits are:
a. Improved factory-finished quality
b. Enhanced worker safety and health
c. Environmental friendly and reducing wastage to below one per cent
d. Reducing reliance on manual labour by 70%
e. Shortening construction period by 12 months
By 2020, Gamuda IBS will extend its digital manufacturing to:
-All Gamuda Land’s high rise developments; and
-Landed properties, starting with the first phase of Gamuda Cove.
Gamuda (Australia) Branch:
Gamuda Berhad, through its wholly-owned subsidiary Gamuda Engineering Australia Pty Ltd, has invested in a 50% stake in Martinus Rail Pty Ltd. They expect to be tendering for more than A$20 billion of work over the next year or so.
GAMUDA LAND:
The property division sold RM509 million worth of properties in the first quarter of this year compared with RM600 million in the same quarter last year. Overseas projects contributed two-thirds of overall sales.
Overseas:
Sales at 661 Chapel Street, a luxury high-rise condominium in Melbourne, Australia is on-going while Anchorvale Crescent in Singapore will be launched next year.
Malaysia:
The ELITE highway’s interchange connecting directly to Gamuda Cove was opened in September 2019; allowing visitor access to the project site. The first phase of the 50-acre Discovery Park is expected to be opened early next year. The construction of Quayside Mall at twentyfive.7 is almost completed with its opening scheduled in June 2020.
Gamuda Gardens features many attractions such as Gardens of Light at the 50-acre central park which is a lake illumination at night, the opening of a FIFA-sized football pitch and an event space for weddings, parties and celebratory events with a backdrop of the lush greenery and majestic waterfall as well as the opening of the Waterfront Village early next year.
Expressway:
The Group has agreed to dispose of all their interests in the four highways namely KESAS, SPRINT, LITRAK and SMART to the Government. Gamuda’s stakes in the four highways is valued at RM2.36 billion. The Cabinet has approved the acquisition as announced during the Budget 2020 announcement and they will now present the proposals to their shareholders. Negotiations with the Government to finalise the terms and conditions of the definitive agreements are expected to be completed by 31 December 2019. The completion date of the MOF Offers from 31 December 2019 to a date which shall be no later than 31 March 2020.
Water:
On 24 May 2019, their 80%-owned Gamuda Water signed a new operations & maintenance agreement (OMA) for the Sungai Selangor Water Treatment Plant Phase 3. The rates of the new OMA represent a 2 sen/m3 reduction to the rates in the old OMA.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:
the forecasted growth of a company must > 14% per year
I wish to convince readers to learn FA in order to make money from stock market.
I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.
This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.
James Ng
https://klse.i3investor.com/blogs/general/2020-01-05-story-h1482032953.jsp
