Is the game over?

Why uptrend not see? Slowly giving way.

Yeeeeeeeeeeeeesssssssss.

Actual sohais have missed the boat. Now proving that they are genuine sohais waiting to pick at a very low price ha ha ha

Many giving negative perception on this counter. Helpful for me to pick up at a slightly low price. Earlier I overl looked Icon8888's write up and recommendation.

Seems to be a good upward trend. May buy tmrow at 37.5 cents if available. Or else buy 38 cents, no harm.

What's the comment?

Baba, no need peak, 60c also can do lah

565 kena molested just now

The only suspicion is that the warrant is not moving in tandem

Looks like 565 will be cleared soon

This counter cannot idle for a long time Moneyfoo

Be patient, it will happen again

It will slowly come to 45cents and will follow by firecrackers

It's TT of 70cents is easily achievable.

That's good to hear, Ryan

Do u see the nice uptrend, Moneyfoo?

The way they wallop 56cents shows clearly this counter will head again

Anytime may rock

Time to fly

Fuming

KLANG (June 1): Construction and property player WCT Holdings Bhd said it expects to realise plans to list a real estate investment trust (REIT) before year end, after the group has tidied its assets.

"The plan is to realise it within this year, we are in consultation with our investment bankers and the authorities.

"There will be things that we need to do to tidy up the assets before we can launch the REIT but the plan is to get everything done before the end of the year," said WCT group managing director Datuk Lee Tuck Fook at a press conference today.

He said the REIT will have over RM1 billion in assets, with the REIT to start off with WCT's own assets.

The listing of the group's properties under a REIT forms part of WCT's de-gearing exercise, as the group aims to lower its gearing from the 0.9 times level as at Dec 31, 2016.

Lee added that the recent share placement in April — the first tranche of its placement exercise of up to 125 million shares — and the conversion of its warrants, which will be expiring in December, will also help the group in de-gearing.

"We are also pushing the sales of our property inventory, along with our plan for the REIT. All these exercises will bring our gearing level down," he said.

He added that the group aims to lower its gearing to below 0.6 times with the completion of its de-gearing exercises.

Meanwhile, WCT said property sales have been encouraging since January, helped by the group's strategy to re-price and re-brand some of its properties.

"Because of the measures that we have taken, the sales that we have achieved since January have been encouraging at almost RM200 million. We hope the pace of sales will pick up and we'll able to achieve our RM500 million sales target," said Lee.

At 12.30pm, WCT fell 6 sen or 2.7% to RM2.16, giving it a market capitalisation of RM3.02 billion.

Agm over?

Cashless loss.

There is absolutely no chance of the shares to plunge. Ikan bilis like you fellow create the panic and what your holdings are just peanuts for monkeys. The sharks, institutional dare the real drivers cause they act on the fundamentals. Not like ikan bilis having half cooked knowledge

Basically Esos issuance, however Esos benefiaciaries would need to exercise one day when price goes up.

I will still hold. They made a profit of RM 4 mil in property division compared to the earlier Q 1F2016 of RM 8 mil.

Waterfront City Bhd (IWCity) saw its net loss widen to RM56.46 million in its first quarter ended March 31, 2017 (1QFY17), from RM4.8 million a year earlier, mainly due to a one-off expense arising from granting the Employees Share Option Scheme (ESOS) in March this year, totalling RM54.73 million.

Loss per share worsened year-on-year to 7 sen, from 0.7 sen in 1QFY16.

In a filing with Bursa Malaysia today, IWCity said quarterly revenue however, grew 70.5% to RM13.65 million, from RM8 million in 1QFY16.

In 1QFY17, IWCity’s property development division posted a revenue of RM11 million, an increase of 314% of RM8.3 million, from RM2.65 million in 1QFY16.

“Accordingly, the property sector also registered a higher profit of RM4 million in 1QFY17, compared with RM817,000 in 1QFY16,” the group said.

“The significant variance was due to the higher percentage of completion of sales achieved in the quarter under review,” it said.

As for the construction sector, revenue declined by RM2.5 million, from RM5.3 million in 1QFY16 to RM2.8 million in 1QFY17.

However, since the project had a better profit margin, the division saw an improved profit of RM264,000, IWCity said.

On outlook, with the recent acceptance of the proposed merger exercise of Iskandar Waterfront Holdings Sdn Bhd (IWH), IWCity said it expects the landbank of the merged entity to boast to approximately 6,600 acres.

The landbank, it said, comprises mainly prime waterfront land in Johor and is meant for long-term projects spanning 25 to 30 years.

“With one of the most attractive tracts of waterfront properties in the country, IWCity’s prospects remain bright and will generate significant capital appreciation and value creation,” said the group.

Furthermore, the group said it will continue its effort in growing the existing business, especially on the development segment, by attracting more foreign and local investors’ confidence to its business development, despite the property market's and economy's tough and weak outlook this year.

“We recently completed the purchase of a freehold property measuring 67.5 acres near Taman Sutera, an established housing and commercial estate, and we are targeting to launch the first phase comprising gated and guarded landed properties for which we expect an overwhelming response,” it said.

IWCity settled unchanged at RM1.67 today, valuing the group at RM1.4 billion.

May what been stated in the report be made clear to all investors not to panic.

Thanks Vincent and LA777

Vincent91, it is very calming that you came out with an answer instantaneously after the announcement. My curiosity is whether the price will be a hit down tmrow.
Please mind to share. May your explanation be like the song' Rock a by baby on the tree top' that will make me not to suffer tonite and go to sleep calmly.

I am waiting for the coverage in TheEdge online.

Bloodbath tmrow.

The mother of all loses this season. 1077%
I didn't see any companies reporting this big loss

Hopeful we see.

All your Ang pow and bonus stories????
Some big news before Q????

Sharemakers, are you here to make poor more poor?

Sharemakers...... what????? What is well done, you come here to con people?????

Quarter Report terrible. Loss 56 million

Net profit is -564,000 and not -549mil. It should be 0.564mil

Mr Coldinvestor, whatever you have interpreted so far has come true
Please do interpret the results published today.

Bhd's net profit increased 3.7 times to RM33.08 million or 2.64 sen per share in its first quarter ended March 31, 2017 (1QFY17) from RM8.83 million or 0.72 sen per share a year ago, mainly due to strong contribution from the local construction division.

Quarterly revenue, however, fell 2.4% to RM473.39 million in 1QFY17, from RM484.96 million in 1QFY16.

In a statement today, WCT said improvement in net profit despite revenue being marginally lower, is reflective of the group’s ability to derive better margins from projects undertaken by its construction division.

For 1QFY17, WCT’s engineering and construction division was the primary contributor to the group’s performance, as the division recorded an operating profit of RM30.1 million, compared with RM3.7 million in 1QFY16.

The property development and investment division recorded a lower operating profit of RM19.3 million, from RM25.7 million in 1QFY16, on lower revenue recognition from the group’s property development business of RM74.8 million in the current quarter under review, mainly due to slowing sales of property units.

In a filing with Bursa Malaysia today, WCT said it will continue to embark on various de-gearing initiatives such as equity fund raising, as well as assets monetisation which are expected to strengthen its financial position and improve its gearing level.

“As we move forward, we aim to remain focused on our efforts to improve the overall margins from our construction business, by pursuing higher margin infrastructure related jobs and selective specialised building projects to add on to the group’s outstanding order book which stood at RM4.8 billion," WCT group managing director Datuk Lee Tuck Fook said in a statement today.

“For our property development division, we will further intensify our marketing efforts and fine tune product delivery to increase property sales. Meanwhile, our property investment and management division is expected to continue to provide a stable income stream to the group," he added.

Lee added that this year, the group will be adding new assets into its investment properties portfolio, as it targets to complete and open its Paradigm Mall Johor Bahru in Johor and New World Hotel in Petaling Jaya for business.

“All in all, we are cautiously optimistic, as WCT is currently on track to deliver satisfactory results for the financial year ending Dec 31, 2017,” said Lee.

WCT recently announced its plan to undertake a proposed placement of up to 125 million of new shares to improve its cashflow. The first tranche of the proposed placement was completed on April 11, 2017, with issuance of over 100 million shares, raising RM178 million in proceeds.

WCT shares closed up 1.42% or 3 sen at RM2.14 per share today, with 1.4 million shares done, giving it a market capitalisation of RM2.98 billion.

Please don't dream lah.

Renewed my dreams back to 70 and 80 cents

Ok Chang

I think the falling momentum is arrested.

All our 70 c and 80 cents dreams are shattered

Chanting in Sanskrit

Money, what is that???

Momentum Arresto