PETALING JAYA: Construction-and-property outfit Gadang Holdings Bhd’s stock continues to see interest after the company recorded a 57% jump in net profit for the second quarter ended last Nov 30. Analysts remained upbeat about the company’s prospects based on the construction arm’s order book and unbilled sales of the property arm. The target price-earnings assigned is at the range of upcycle price-earnings for small-and-mid cap contractors amid current booming infrastructure works,” it noted. TA Securities Sdn Bhd has also maintained a “buy” call on the stock with a target price of RM1.37 based on an order book replenishment of RM500mil for FY17. It added that the property arm’s sales would get a boost from the launch of 469 units of affordable apartments and 194 double-storey houses in Cyberjaya.

Source: The Star January 26, 2017 22:40 UTC