Latest news with #GDB
The Star
2 days ago
- Business
- The Star
Revenue from three projects to lift GDB earnings in FY25
PETALING JAYA: Construction outfit GDB Holdings Bhd is expected to enter the peak revenue recognition phase for its three ongoing projects valued at RM1.2bil for this year (FY25). Apex Securities Research recently initiated coverage on the stock with a 'buy' recommendation and target price of 58 sen, an eight times price-earnings multiple to the group's forecast FY26 earnings-per-share of 7.2 sen. The research house is projecting core earnings excluding one-off items for GDB to grow to RM86.9mil in FY25 and RM67.3mil in FY26, primarily driven by three ongoing major projects entering their peak revenue recognition phases. Revenue could hit a new record high of nearly RM800mil this year from work on Metrohub 4 in Klang, Logistics Hub Plot B in Shah Alam, and KL International Hospital in Bukit Jalil out of total jobs on hand worth RM1.2bil, according to the research house. It also said that the company's tender book would reach RM5bil by year-end from the current RM2.7bil, comprising primarily warehouses (44.7%), residential (16.6%), commercial (12.6%), and mixed-use (26.1%) projects. GDB aims to tender for another RM2bil of projects with a similar concentration mix in warehouses. The research house pointed out that GDB 'is increasingly carving out a niche in warehouse construction, with two of its three ongoing projects being warehouse related'. While margins for warehouse projects are broadly comparable with residential and mixed-use projects, the company favours warehouses for their simpler design, faster turnaround and low execution risk. 'This focus strengthens its position to tap into rising demand from Malaysia's logistics and eCommerce sectors,' the research house said, adding that a 15% success rate on upcoming bids translates to potential job wins of at least RM700mil, or two sizeable contracts based on warehouse projects valued at RM300mil to RM500mil each. Over the longer term, the company has plans to expand into infrastructure construction, particularly in roads, highways, and bridges, which aligns with Malaysia's ongoing economic development. GDB has temporarily excluded data centres from its plans due to the tight delivery timelines and delay risks, with its management preferring to focus on projects with a more manageable risk profiles, where it can deploy its resources and expertise more effectively. The group is principally involved in the provision of construction services, focusing on high-rise residential, commercial and mixed development projects as main contractor and principal works contractor. The stock is currently trading at just four times its estimated earnings for this year, which offers compelling upside over the next two years, the research house said. At its target price, the company would be valued at eight times next year's projected earnings, and still at a 29% discount to its peers' weighted average, the research house added.
Observer
15-07-2025
- Business
- Observer
RO 60 million bonds at 4.3% to attract investors
MUSCAT, JULY 15 The Government of the Sultanate of Oman, through the Central Bank of Oman (CBO), has announced the 75th issuance of Government Development Bonds (GDBs) worth RO 60 million, with an additional RO 30 million greenshoe option, to be auctioned on Tuesday, July 22, 2025. Carrying a competitive coupon rate of 4.3 per cent per annum, the bonds will mature in three years, on July 24, 2028, offering semi-annual interest payments. The first coupon will be disbursed on January 24, 2026, making this issuance an attractive vehicle for both income-focused investors and those seeking a safe, sovereign-backed opportunity. According to the CBO, this offering is open to all categories of investors, including both residents and non-residents, regardless of nationality, making it a potential magnet for regional and international capital. The bonds are fully backed by the Government of Oman and serve as unconditional obligations, providing investors with a high level of capital security. The auction aligns with the government's wider efforts to deepen local financial markets, promote financial inclusion, and offer diverse investment instruments in line with Oman Vision 2040 goals. With interest rates remaining volatile globally, Oman's offering at 4.3% is expected to garner keen interest amid a tightening international credit environment. 'This issuance sends a strong signal about the resilience and transparency of Oman's financial sector,' said a senior market analyst based in Muscat. 'Government Development Bonds are a preferred instrument for institutional investors looking for low-risk and stable returns.' The subscription window opens on Tuesday, July 15, 2025, and closes on Monday, July 21, 2025, allowing investors a six-day period to apply. Participation is facilitated through licensed commercial banks operating in the Sultanate, who will handle application submissions. The minimum investment required is RO 100, making it accessible to retail investors as well. Beyond attractive returns and safety, the bonds offer collateral advantages—they can be pledged as security for loans from licensed banks. Additionally, the bonds will be listed on the Muscat Stock Exchange (MSX), providing liquidity and a secondary market for early exits. To participate, investors must possess an MCD Investor Code, which can be obtained through the Muscat Clearing and Depository Company (MCD) website or the Oman Stock Exchange at least one day prior to the application deadline. Applicants must also provide a bank account registered with MCD to receive interest payments. The inclusion of a RO 30 million greenshoe option—an additional allotment in case of oversubscription—indicates confidence that market demand could exceed the initial offer. Previous GDB issuances in Oman have witnessed strong investor participation, especially from pension funds, corporates, and high-net-worth individuals seeking fixed-income opportunities. This 75th issuance comes at a time when Oman continues to focus on economic diversification, fiscal reform, and building investor trust in its capital markets. With steady yields, guaranteed government backing, and full tradability on the MSX, the GDBs are set to serve as a benchmark for financial instruments in the region.
Yahoo
25-06-2025
- Business
- Yahoo
GDB Holdings Berhad (KLSE:GDB) On An Uptrend: Could Fundamentals Be Driving The Stock?
Most readers would already know that GDB Holdings Berhad's (KLSE:GDB) stock increased by 7.7% over the past three months. As most would know, long-term fundamentals have a strong correlation with market price movements, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Specifically, we decided to study GDB Holdings Berhad's ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for GDB Holdings Berhad is: 21% = RM45m ÷ RM209m (Based on the trailing twelve months to March 2025). The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every MYR1 worth of equity, the company was able to earn MYR0.21 in profit. View our latest analysis for GDB Holdings Berhad Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. To start with, GDB Holdings Berhad's ROE looks acceptable. On comparing with the average industry ROE of 8.4% the company's ROE looks pretty remarkable. As you might expect, the 8.5% net income decline reported by GDB Holdings Berhad is a bit of a surprise. Therefore, there might be some other aspects that could explain this. These include low earnings retention or poor allocation of capital. However, when we compared GDB Holdings Berhad's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 22% in the same period. This is quite worrisome. Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about GDB Holdings Berhad's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry. In spite of a normal three-year median payout ratio of 25% (that is, a retention ratio of 75%), the fact that GDB Holdings Berhad's earnings have shrunk is quite puzzling. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds. Additionally, GDB Holdings Berhad has paid dividends over a period of seven years, which means that the company's management is rather focused on keeping up its dividend payments, regardless of the shrinking earnings. On the whole, we do feel that GDB Holdings Berhad has some positive attributes. However, given the high ROE and high profit retention, we would expect the company to be delivering strong earnings growth, but that isn't the case here. This suggests that there might be some external threat to the business, that's hampering its growth. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. You can see the 3 risks we have identified for GDB Holdings Berhad by visiting our risks dashboard for free on our platform here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Borneo Post
24-05-2025
- Business
- Borneo Post
Lee: Gawai Dayak Bazaar a symbol of unity, entrepreneurship in Miri
Lee (centre) joined by other guests in a 'ngiling bidai' (rolling of the mat) ceremony to mark the closing of the Miri Gawai Dayak Bazaar 2025. MIRI (May 24): The Miri Gawai Dayak Bazaar (GDB) has become a cornerstone celebration for the Dayak community, promoting both cultural unity and economic empowerment, said Minister of Transport Dato Sri Lee Kim Shin. Speaking at the closing ceremony of GDB 2025 in Permyjaya last night, Lee praised the event's transformation over the past 11 years into a platform that nurtures entrepreneurship while showcasing Dayak culture. 'This bazaar has not only provided a platform for Dayak entrepreneurs but has also become a symbol of unity and cultural pride for the entire community,' he said. Lee commended organiser Gagasan Anak Dayak Sarawak (GADS) for their impactful programmes, particularly those focused on leadership development and entrepreneurship. These, he said, are essential in grooming future leaders and equipping locals with business acumen. Lee also emphasized how such initiatives were instrumental in driving socio-economic development while preserving the unique cultural identity of the Dayak community. 'The GDB has emerged as more than just a marketplace. It is an incubator for Dayak entrepreneurship, and a significant contributor to Miri's tourism sector,' he said. He added that the inclusion of the bazaar in the Miri Mayfest 2025 calendar further solidifies its importance as a regional attraction that draws both local and international visitors. Highlighting the role of the Gawai Dayak Bazaar in fostering social cohesion, Lee described it as a powerful unifying force, where people of all ethnicities and backgrounds come together to celebrate shared values and traditions. He congratulated GADS and the participating traders for their hard work and dedication in ensuring the success of the bazaar. 'In my capacity, I will continue lend my voice and support to ensure the ongoing success of this important cultural event,' he assured. Meanwhile, Lee encouraged GADS to aim even higher for GDB 2026 and provide opportunity for more members of the Dayak community to explore the business and trading industry. At the function, he also announced a RM10,000 grant for GADS in support of GDB. Held from May 1 to May 24, the Miri Gawai Dayak Bazaar 2025 attracted enthusiastic crowds and featured vibrant displays of traditional food, crafts, and cultural performances. This year's edition hosted around 100 traders under 74 canopies, offering products ranging from food and beverages to handicrafts and locally made goods. Also present at the closing were GADS chairman David Upe and GDB 2025 organising chairman Jimmy Lawie. cultural Dayak culture Gawai Dayak Bazaar lead Lee Kim Shin
Borneo Post
23-05-2025
- Business
- Borneo Post
Dayak associations asked to elevate efforts to protect, preserve culture and traditions
(From front third left) Rentap joins the miring ritual to mark the opening of Iban Gawai Night hosted by organising chairman Mabong Unggang. – Photo by Mohd Faisal Ahmad KUCHING (May 23): Dayak-based associations have been asked to increase their efforts to preserve and protect the traditions, culture, and arts of the community. In making this call, Deputy Minister of Youth, Sports and Entrepreneur Development Datuk Gerald Rentap Jabu this is vital for the dignity of their communities. 'Support each other's programmes and activities, particularly in showcasing our cultures and identity. When you promote all these, Sarawak will progress and prosper moving forward,' he said at the Iban Gawai Night for the Gawai Dayak Bazaar (GDB) 2025 at MJC Batu Kawa here last night. The Layar assemblyman also invited the public to attend the State Gawai Dayak Open House will be held at the Borneo Convention Centre Kuching Convention (BCCK) on June 1. He said the open house will be hosted by Deputy Premier Datuk Amar Douglas Uggah Embas. Rentap also pointed out that on June 7, a grand joint Gawai Dayak-Kaamatan celebration will be held in Betong. Tonight, the Orang Ulu community will hold the Orang Ulu Gawai Night at GDB 2025, with Telang Usan assemblyman Datuk Dennis Ngau scheduled to officiate. GDB 2025 will end on Sunday. Dayak Gawai Dayak Bazaar Gerald Rentap Jabu Iban Gawai Night lead
