Section 7 ..progress very very fast ..but focus on bridge n fly over but no bitumen section ...construction revenue increase from rm39 million to rm151 million
incompetence either on management or the approving authorities...quite farcical for a "third world category" infrastructure project.. the best have left
What progress 77% for Section 7? and completed by March 2026? These dates are organic.. To better understand valuation look up Choivo's cashflow projection ( readily available on the internet) and see how far off WCE is from its destiny. China contractors would have finished it long ago. I have been selling progressively and have the last third of my holdings left and that is the frustration as there were misleading statements of end date and it kept shifting further and further. Money invested could have been deployed elsewhere for better returns.
Watch the videos to understand why section 7 progress was slow, understand the details not just the percentile I wouldn't make any judgement based on the percentile alone and ignoring any hard facts to be found in the videos
@Destintyl I shall let that remark pass. We are not derampers/trolls but allocators of funds and not some willy nilly two bob investor. The concession agreement was signed in 2013 and we have had many reincarnations of completion dates. This one was in the Edge " After a long wait, West Coast Expressway to be completed end-2024". The saga continues. To suggest we are in a for a quick buck is rather flippant and for the birds. The risk investors run; there is every possibility it would be taken over by Amanat Lebuhraya Rakyat Bhd (ALR) at some stage (just as Gamuda sold its tolled roads) before it reaches its full potential. Gamuda has enjoyed years of toll revenue and I wonder how many years WCE would have before it is sold. As for now it is EBITDA positive and it would take several year at this rate to be profitable. Some of us have to reluctantly put this in our pipe and contemplate. Always be reminded of UEM (owners of PLUS) and how so many lost out when it was privatised.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
paperplane
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Posted by paperplane > 2 weeks ago | Report Abuse
https://www.youtube.com/watch?v=-cmc_dGwKuA&lc=UgwI4wFn9XXX95sOcFp4AaABAg