No travelling for how long? You don't value a stock like that. But sentiments definitely work like that. So just take advantage of any drop due to negative sentiments.
Choivo, don't you agree that the company should concentrate on completing section 11 first so that commercial and other traffic from Penang can get into the highway breathing life into the s10,9, 8 which are already completed and can collect toll.From there they can use the existing FR5 all the way to Ports Klang and Wesport.As it is ,s11 is the bottleneck
I have used the highway and it is smooth all the way until the stretch from Beruas to Changkat Jering by the old federal road which is narrow and winding.So if this stretch which is covered by section 11 could be completed earlier, most of the traffic can already use WCE from and to the north.That would mean higher toll collection while waiting for the whole highway to be completed
@steady31 WCE Section 11 land contour is quite hilly and this poses a greater challenge for the effort of levelling the landscape...if all is well then 2022 should be the year of completion...better late than never
Why do the two largest shareholders decided to convert their PA shares to ordinary shares just days apart if they did not expect some corporate activity coming up which are positive for the share price? Could it be the the highway trust proposal that may take over the highway for a sum that is a substantial premium over existing traded price
I think the cost of the 2 major shareholders namely mWE and United frontier is about $0.80-0.90 after considering the RI dilution and some holding cost .
Flying Fox, you must understand the nature of its business first. The losses are from recognizing the interest as expense and amortization of the completed section of the highway. WCE highway will soon be completed and once toll collection for the whole stretch kicks in , the company’s outlook greatly changed. 50+10 years of toll collection from one of the major highways is no small matter.
I guess you have to pay much higher price once the toll turn profitable. It's a question to buy it very cheap now or to pay much higher price when profit is visible. The choice is yours . Don't forget WCE also own 40% of the 1,800 acres Rimbayu development managed by IJM. It's a valuable?assets at very low cost in the book. It also provide steady income over long period of tines .
Any price below RM0.50 is considered dirt cheap comparing to its potentially massive return in the future especially starting with the opening of Section 11 Changkat Jering to Beruas by year 2022. Guaranteed to succeed.
This stock was about $1.20 in 2017 after adjusting for the RI. Now the highways is so near to completion I think share price should catch up to at least $1.20 soon.
Today's breakout is quite significant because the price successfully broke the area of confluence of three resistance lines that are formed by a pennant, double peaks and channel. TP? 0.47, 0.50, 0.54, 0.595 based on Fibo projection. This is not a BUY call. Just for sharing purposes only.
Market not stable, political uncertainly, extended CMCO likely reasons for hesitations. Recent price surge unable to break 50c. There's concern whether it may falls to previous level of mid 30c.
The volumes of the past 5 weeks justified the price action. It's very unlikely it will drop to 0.35. It's a matter of time a significant breakout will ensue.
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....
SUPERMONEY
341 posts
Posted by SUPERMONEY > 2021-01-07 12:27 | Report Abuse
KLCI index reverse. buy at low