ijm holding high majority stake in wce. strong management will reflect in the share price. Maybe ijm will privatise wce to list their highway assets. This will provide a good ipo price if listed under ijm toll asset. this is the counter you do not want to sell . Just keep for the next 60 years for your grandchildren.
Should run, now Klse adi so high, and the highway total progress only not more than 30% ... So it ll continue burn the cash for few years.. Pe also quite sky high, so think before u buy..
Agree. No toll collect yet but keep burning money. Below RM 1.2 coming.
Posted by LearnFromMistake > Jul 2, 2017 05:52 PM | Report Abuse Should run, now Klse adi so high, and the highway total progress only not more than 30% ... So it ll continue burn the cash for few years.. Pe also quite sky high, so think before u buy..
The price is over value as the highway still under land negotiate process as my uncle land at Trong was compensate undervalue, so my uncle sue the company for more compensation ... And he win, the company not dare take his land and have to pass besides his land.. So as I assume the company ll keep burn cash for the next 5 years... Value only worth around rm1 at the moment.. The construction only around 28% ... Think before you buy with ur hard earn bloody money... Another ekovest like company, small fish might eaten buy big shark.. :D just some sharing for Ikan bilis ... Good luck
Just keep in mind, solid asset ll some day burn off... If they keep burn the cash without good income... Start drop is a sign that big shark start to selling off... And most ppl keeping it with fate... Ask urself, who ll sell if all Ikan bilis have fate in it... Only the board ppl with anonymous account will sell slowly not to scare u off...
not worth for now, land acquisition still under process , the road pass by a chicken egg factory, will burn a lot of cash compensate over there... wait low only buy..
Although gov settle, PE too high, this is construction sector, not tech sectors, if this is myeg or Inari , the PE still can be considered..blind also can see it over value and it now moving down trend
WCE is generating profit even though the highway is under construction. The 40% ownership in the 1,800 acres Rimbayu at the booming area is really worth a lot of money. Rimbayu develop by IJM who is the other 60% owner is selling well and meanwhile contributing to WCE's bottomline and will continue to contribute significantly in the next 10-15 years. Revenue from the highway will kick in late 2018 when a portion of it open to traffic and revenue will continue to grow when all section open and traffic grow. WCE has very strong owners and management too - IJM (26%), MWE(27%), Pang of Mamee(9) . PE may be high. Don't forget it is very normal for high growth stock.
Due to poor market sentiment, RM1.25 may reach. But I doubt there are many sellers at this price. So hard to get sizable holding if you believe in this counter. 60% of the share already in the hands of IJM+MWE+Pang(of Mamee). Many other longer term investors hold most of the remaining 40%.
Don't forget MWE and Pang of Mamee pay about RM1.35 per share to acquire their stakes few years ago when the company was is much less favourable state. Now the company is very solid with expressway on schedule, regular return from Rimbayu and WCE construction's revenue. The company still make profit qtr by qtr despite the expressway is still under construction.
As your fair value of RM1.25 is just about 10% away from prevailing price, I don't have to wait.
if u want to buy and keep for retirement fund, better buy maybank.. high dividen and the most solid stock with 1000b capital... dont waste money in wrong direction... later when old ll regret, at that time u ll cry at night and have a sleepless night
chongyo, 10% is just away from prevailing price? dont want to wait? OMG, u r rich then is ok, dont drug newbie to buy this stock, they not rich like u... if 10% not many... until now u cant event make 10% from this counter... as i say, if u buy now, it ll continue bear till the fair price i suggest rm1.25 or maybe lower when market bad... just wait and see... see who learn from mistake... ;D
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....
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Posted by 55880955 > 2017-06-05 14:00 | Report Abuse
on the way to test 1.60 again. Good fundamental stock.
At least 2.00 this counter.