Based on their announcement, they denied that IRB tax. I believe that they have good ground to fight for it.

FY 2010: Profit before tax =RM 3.075mil
FY 2012: Profit before tax= RM 16.017mil
FY 2014:Profit before tax= RM 6.184mil

Total: RM 25.276mil Profit before tax

If averagely 25% company profit tax: RM 6.319mil

RM 37mil tax is not logic at all.

Its good time to accumulate more shares now

mmf2332, You are right, as based on the fair value of IWC. it is 3.06, and it will eventually go up to higher than 1.50, as recently the price was affected by the takeover offer and running around 1.30+ to 1.40+

Different case, different scenario

Hi Tokti, it doesn't mean that the takeover offer of RM 1.50 is good for IWC. Its considered below value if Rm 1.50. IWC should be worth more than that.

Actually LKH is very confident that IWC can secure back the Bandar Malaysia deal, that's why using Eko to take over IWC. But now, since Eko majority against for him as it will affect the cashflow of Eko, which is quite normal for the investors point of view. Anyway, it is believed that LKH will come out another plan again.

Actually, the reason dropping is due to foreign funds throwing the shares, and also the internal people intentionally pressing down the mother share price in order to create a fear to market for them to throw their WD shares. I personally holding around 2millions WD shares at average price of around 0.23. But im not worried, as I can convert it all to mother shares later.

Once 1 or 2 mega projects being announced, then we would see the WCT back to at least 1.90+ or even 2.0+

We would see another 3 weeks time, the mega projects to be secured : )

This is just temporary, they purposely press down the mother share price in order to collect more WD shares, once WD shares collected at the certain level, then they will push back the mother share to 1.80+. The fundamental of the WCT is still strong, and with strong book order, and upcoming mega projects, the mother share definitely will be back to "reasonable value"

Furthermore, once they announce they will bid for the High speed transit KL-Singapore, by way of JV with China huge company, then the share price will be speculated up, It is estimated they will announce it by November.

You guys still remember when WCT speculated high because of JV with wanda for Bandar Malaysia? But actually that's speculation, not the REAL news. But this round they will announce the REAL news which will push up the WCT price

The 3rd and 4th project which are MEGA projects which will boom the share price of WCT. You can see it within 3 weeks time

Actually based on my reliable source, WCT will obtain at least 3 contracts this year, and they will bid for 1 mega project. They will JV with one China BIG construction company with special expertise to bid for this mega project. This mega project might be KL-Singapore Railway project. They have very high chance to get this project awarded to them, as Desmond lim his main purpose of acquiring WCT is to handle this Mega project together with the above 3 projects mentioned.

Anyway, WCT has secured its first small project which is LRT 3. But this is not that attractive as its profit margin is low, that's why it wont move the share price up. Now we are waiting for 2nd and 3rd project with very attractive profit margin to come out.

I need to double check my source and your source news tally or not.

Hi 2017win, from your source, When do you think that the new project is awarded to WCT? ECRL right? How about MRT3? tq

So when it goes up to RM 1.90 for mother share, the WD will be traded around 0.19 to 0.20.

Again, according to the fund manager, they now slowly collect the mother share and together with the warrant which is WD. When the time is right, the mother share price will be back to RM 2, and will be speculated around Rm 2.25 to RM 2.35 level.

Lets hope now no any sudden economic tension like north Korean war, 1ndb, etc which will affect the performance of the share price.

Its ridiculous that WD will drop to 0.005.

If you were a wise investor, you should know that the warrant price will follow the mother share price movement. Thus, if mother price now is 1.80, then if exercise price is 1.71, supposingly the WD price should be RM 1.80- 1.71, which is RM 0.9.

However, the attractive things here are that the WD premium is very very low, so it will be "Goreng Up" when mother price is up.

Anyway, the focus here is that the mother share price will go up. It can foresee that the share price now is at resistance level between RM 1.79 to RM 1.81. When it breaks the level of RM 1.83, it will definitely go up to RM 1.90 and onwards.

Furthermore, there will be good news coming in for the new projects being awarded to WCT. Keep an eye and see.

It good time to accumulate the shares now especially WD, because the fund manager will push up later once the new project awarded is out.

The reasons why dropping because previously those retailers who purposely pushed up the stock for the Bandar Malaysia projects news. Now they don't have holding power, that's why they keep selling, but internal people keep buying.

Hi bone, Im just back from overseas actually, Im not sure about the waltz residence. But i was told that they will dispose paradigm mall, maybe to capital land? for them to strengthen their cashflow which is good for them. They said they wanted to fully focus on more construction projects which they will secure soon. tq

was advised by the fund manager, that they purposely pushing down the price in order to frighten the investors, then they start accumulating the shares, then they will push up again the share soon.

bone, according to the director, he said that they will dispose most of their properties and focus on construction projects as WCT core business is construction. They will dispose paradigm mall, and this will announce later. But he never mentioned about the waltz residence. Anyway, they are very confident on securing few more sizeable construction contracts from government and will announce soon.

I was urged to accumulate more WCT shares now, as it is golden opportunities to acquire undervalued shares. And once few more projects being announced, the share price will fly up.

They guessing because of InDB case. End of month is due date, so need to compile cash to settle it.

The directors and the fund managers can forsee it will move up by September which is next week.

have just double and triple checked with the director of the company, today dropping maybe due to Tabung Haji keeps selling to cash out, the fundamental is still very strong and good. And few more projects to be announced soon.

This is just 1st project, there are few more projects to be announced soon. Targeting to achieve 12billions value worth of contract. But guarantee can get one is 5 to 6billions contract.

The dropping is due to the tension over North Korea issue, and slight due to delaying of REIT. However, all these are just short term. As Value investment Investor, we should look at the future value of this stock. And the good things are, there will be some good news which will be announced soon. We just wait for good news soon then....

WCT *(BUY TP raised from RM2.15 to RM2.26.)*- Commendable earnings recovery

• Positive results surprise came from stronger than expected recovery in construction margin.

By Hlebroking

Rest assured, Epf has been accumulating the shares lately. Starting from next week, the price will slowly go up back to around RM 2.0 (Around Rm 1.95 to 2.0 range). Then once the good news being announced, then it will be around RM 2.25 to RM 2.35 range. cheers

The Q2 report is considered ok, that's why at support level of 1.85. After today or tomorrow, the share price will be gradually going up as the fundamental is good. The key things are the new projects to be awarded soon : )

superboy6703 there will be good news for WCT this week. that's all I can say. good luck guys

I don't think so is this week, but to be conservative, its within 2 months time, but the earliest will be within this month.

Now those who are in panic one selling to those who know and collecting the shares

AT LEAST 3 projects can be secured : ), this is insider news : )

yes,within these 2 months will have some good news :)

India, Africa, etc

http://www.bumiarmada.com/App_File/Image/assets/BAB%20AGM%202015%20Presentation-FINAL.pdf

The above link are the projects by BA. There are few more projects which are not announced by BA yet.

Hi NikiCheong, based on your "1.0x B/V", how to calculate one? tq

Hi NikiCheong, based on your "1.0x B/V", how to calculate one? tq

I personally feel that the fundamental is getting better. These recent days dropping might due to the insider pushing down the price to create fear to retail investors to sell their shares to them, then they can collect more shares, then when the time comes, the share will up again tremendously.

Hello Nikicheong or other friends, when do you think the 4th FPSO project kicks start? and when the India and other countries tendering bid results will out?

Any idea when the the 4th FPSO project starts?