ZhougeNemo , finally our dreams come true , while others are dumping , we are collecting at a cheaper price recently and I expect more positive uptrend to suggest its intrinsic value . Your recent writes up is and added advantage to build up my portfolio . Thanks bro and have a nice evening !
ZhougeNemo , apart from infra prospect more than bauxite mining activities , there are still related projects that can contribute to Wzsatu performance growth factors with of late several projects have been awarded to Wzsatu to enhanced its revenues in the latest financial reports . I always look forward to more of your participation and sharing in this forum . Thnks You !
Stop buying if you have lost trusts in this counter . I am accumulating this stock for several months . What amount you intend to sell below RM 1 , kindly contact me .
Of late several contracts have been awarded to Wzsatu , but seems to be unnoticed by many research house and l expect the coming quarterly results must beyond expectations and impressive . This has also signified and suggested that the above board of directors are buying back the shared especially the Tunku are accumalating of late with shared buy back and a signed the company are in the right track and a positive note to trend higher in the near term and for those who ought to buy must accumulate b4 the price burst up to reflect its true value . Thanks and especially to ZhougeNemo who have taken the initiative to share a lot in this counter that has helped me to double up my purchasing powered in this fundermental stock . ZhougeNemo , hope with the best of my regards with this unforeseen circumstances at hand , hold faithfully to this counter and sell above at least RM 1.20 to maximise your returns . Cheers !
The biggest contract that i could think of is their proposal (via a JV with UEM) to build the 340km Central Spine Road extension from Manchis, Pahang to Kota Bahru Kelantan which was valued at an estimate of RM4bil. WZ will hold a minimum 30% interest in the JV co which value their portion of the contract at RM1.2bil which is 1.5x their order book value as of end 2015 of RM800mil.
Other than that they were also pre-qualified for 8 packages relating to Sungai Besi Ulu Kelang Elevated Expressway (Suke) and Damansara Shah Alam Elevated Expressway (Dash)
But still the second waves of uptrend has still couldn't attracts much attention looking at the volume . If it can maintained at least staying below 1.05 , the third wave would be very much attractive as more buying interest may built up the volume to break the 1.12 new high price . If it retreated back to RM 1 and below , it still need some time to reach the new setting 1.12 price . Let's wait with confidence and patient .
Positive outlook ahead of wzsatu . Stay tuned b4 it emerged to attracts more attention in the coming days ahead . The volume is building up on a daily basis .
The highway is actually a good asset to have given the traffic growth that it can offer in the future via the current and future property development projects near the area (MKH, Naza, Tropicana, Sime Darby etc).
In terms of financials, the highway is turning around and offer a steady cash flow which is mainly contributed by the growth in traffic as well as the recent toll rate hike back in Oct 2015.
That being said, the issue with this assets is actually link to its debt/ sukuk. If you refer to Silk Holdings 2015 audited account (page 59), you will see that the sukuk Mudharabah link to the highway carries a very high interest rate of 8%.
That is why the main catalyst for the assets is actually the refinancing of the Sukuk to a rate that is more acceptable with the current market condition (around 4%). If this were to happened, it will translate to a finance cost savings of around RM26mil which will go straight to the bottom line.
As of 1Q16 the highway recorded a lost of around -RM2.8 mil of which if we were extrapolate, will translate to a loss of -RM11.2mil. This would mean that if the shareholders can refinance the sukuk,at the current traffic rate the highway would be automatically profitable by RM15mil.
WZ Satu Bhd's wholly-owned unit WZS KenKeong Sdn Bhd has bagged a RM43 million subcontract from Menuju Asas Sdn Bhd to upgrade the federal road between Teluk Intan and Kampung Lekir, Perak.
Bonsai, ur reputation is busuk already, dun try pump n dump shares here, didnt u read theEdge news on Wzsatu, Silk highway has alot of heavy debts n can only benefit the Sukuk holders
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....
michaelwong
3,072 posts
Posted by michaelwong > 2016-04-13 11:56 | Report Abuse
Less seller's with price 0.95 to 0.96 has been trimmed down and chances of moving higher is on the way . Hehehe !