Posted by hng33 > 2016-05-27 16:56 | Report Abuse

voon1900

why they sell out?
Because of WCT current high gearing.....so analyst doubt it may potential private placement

Posted by angelinaloke > 2016-05-27 17:09 | Report Abuse

The selling may due to major support technical crack down.. It triggers a panic sell down. & possible operator to wash away weak holders for next up swing.

Posted by beso > 2016-05-27 17:14 | Report Abuse

will drop further due to very poor result

Posted by herry168 > 2016-05-27 19:41 | Report Abuse

Add more gogogo...

Posted by herry168 > 2016-05-27 19:44 | Report Abuse

What to worry AA also been drop below 1.00 what.. think the potential of the company in coming years profit...

Posted by hng33 > 2016-05-27 19:48 | Report Abuse

WCT to raise RM500m by monetising assets

KLANG: Construction and property developer, WCT Holdings Bhd, is looking to raise more than RM500mil over the next six months via the monetisation of its assets. 

WCT chairman Datuk Ahmad Sufian said on Friday the monetisation is aimed at improving the company's cashflow and more importantly, use the proceeds of sales to reduce the net gearing to 0.5 times from 0.8 currently.

However, he was tight-lipped, over providing more details on the process.

"We are still in discussions and planning. We will continue towards monetisation, because we have a lot of assets on our books and it is the right time to do so," he told a media briefing after the AGM.

WCT's pre-tax profit fell to RM25.19mil in the first quarter ended March 31, 2016 (Q1, FY16) from RM42.75mil a year ago. Revenue, however, increased to RM484.96mil from RM351.62mil.

WCT head of corporate and finance, Chong Kian Fah said  for this year the company is aiming for a RM10bil construction tender book, of which RM5bil has been submitted, while the another RM5bil is under preparation.

As at March 31, 2016, WCT had an outstanding construction order book of RM4.4bil as well as unbilled property sales of RM551mil. - Bernama

Posted by hng33 > 2016-05-27 19:51 | Report Abuse

Continue support from major fund.....EPF, LTH, KWP

Posted by voon1900 > 2016-05-27 20:15 | Report Abuse

drop til below1.40 i consider

Posted by power96 > 2016-05-27 20:59 | Report Abuse

After all the reports and briefing, it is clear that no good news in short term. Recovery can only happen in 2017. Better sell and buy paradigm garden.

Posted by herry168 > 2016-05-27 23:45 | Report Abuse

If sell to cut loss better buy in to get lower average price.. unless the company going to bankrupt then is the diffrent story..

Posted by herry168 > 2016-05-27 23:46 | Report Abuse

Investment and gambling is totaly different..

Posted by joeyng > 2016-05-28 00:37 | Report Abuse

Time to accumulate more for strong rebound

Posted by Joeylee > 2016-05-28 01:21 | Report Abuse

Undervalue. Should be 8.00 in may 2017.

Posted by Bino Caka > 2016-05-28 02:35 | Report Abuse

80cents possible la...8.00 if can achieve, i chop my head for you

Posted by wongchin > 2016-05-28 07:21 | Report Abuse

Its impossible to go down 80 cents la. This is a making money company co. Js the gearing is high like aa. Once the gearing is down n project tender in than the value will refelct the share price fundamental. Bt i do feel the management is poor cos always share buy bck n give dividen. It shld hv use that money to repay bank loan to lower gearing. Hope the management take note. Thks

Posted by hng33 > 2016-05-28 09:14 | Report Abuse

Wct have many valualable assest and prime land expecially the parcel of land in OUG, kl, which to be develop into OUG paradigm mall cum residence, office tower and hotel. The first phases of the residence tower have lauched and book RM 165m booking sale alrdy. WCT may opt to monetize part of the land or opt en bloc sale some of it tower to pare down borrowing.

In addition, another monetize parcel of land is ongoing through JV with UEMS will raise additional RM 190m to be book gain.

The main reason for selloff is belive to be cause by knee jerk effect after briefting as mangement hindted one of the option aside monetize assest and dual listing constuction and REITS is through private placement to fast pare down borrowing. This is due to failure of previous expire WCT WC poor conversion rate.....only about 30% of these warrant manage to convert at RM 1.56.....and mainly converted by stake under major shareholder .....therefore, shortfall of intended capital raise from wc prompted management may opt for private placemnt to meet these shortfall target.

Posted by hng33 > 2016-05-28 09:27 | Report Abuse

Catayst for wct to have V shape recovery will be upcoming award of infra contract.....MRT2, LRT3, Pan Boneo highway, SUKE, DASH, RAPID, TRX, KWP in which WCT target to secure RM 2 billion worth of contract on top of it exsting alrdy boom orderbook more than RM 4 billion.

Therefore, with current depress price slump down excessivly 20% in response to poor q1 result which in turn due to unrealize forex loss and worry of private placement and high gearing.....any positve award project will be serve much waited catayst. In additonal, i will rebound next week after 2 days consecutive selloff....oversold condition must mormalize techincally....epf, lth and kwp, ASB will continue support as these instituial fund are all long term major shareholder of WCT and are all active trade WCT share in the open market

Bear in mind, WCT is specialize in infra work....the construction is WCT major earning contributor....only follow by property development and property investment.

Posted by Joeylee > 2016-05-28 09:52 | Report Abuse

1.40 is a strong support.

Posted by hng33 > 2016-05-28 10:00 | Report Abuse

Agreed, technicaly, floor support price is at 1.40, with high possibility to rebound back above RM 1.50....then sideway.....await for next catayst, monetize assest and award of contract....

Posted by hng33 > 2016-05-28 10:01 | Report Abuse

Also entitle dividend 2 sen final dividend as goodies.

Posted by voon1900 > 2016-05-30 09:23 | Report Abuse

watch out.

Posted by supermix2 > 2016-05-30 10:49 | Report Abuse

3 big government funds are buying now...should we follow?

Posted by hng33 > 2016-05-30 11:05 | Report Abuse

:D)

Posted by Hay Geok Lian > 2016-05-30 11:37 | Report Abuse

really makes my heart jump out see drop sharply!

Posted by GorengAyam > 2016-05-30 11:40 | Report Abuse

Kemayan go bust because of largest mall in south east asia build in JB....and got abandon. Now WCT is reviving it under Paradigm Mall. Don't know if it will end up same way like Kemayan faced....ghost mall.

Posted by voon1900 > 2016-05-30 11:52 | Report Abuse

congrats,hngs

Posted by Joeylee > 2016-05-30 13:13 | Report Abuse

8.00 next year

Posted by Joeylee > 2016-05-30 13:16 | Report Abuse

Add some in we. We can last until next for maximise profit.

Posted by hng33 > 2016-05-30 14:49 | Report Abuse

WCT can be consider as semi-GLC, as there are total 4 long term major institutional shareholder in WCT.

1. EPF 7.31%
2. LTH 10.1%
3. KWP 6.35%
4. ASB 6.43%

In total, these institutional fund collectively control 30.2% of WCT.....even larger stake if compared to WCT founder 20.2%

These institutional fund are all quite active in trading WCT in open market

Posted by hng33 > 2016-05-30 15:34 | Report Abuse

More and more support kick in...........:D)

Posted by hng33 > 2016-05-30 16:15 | Report Abuse

GOOOOOOOOOOOOOOOOOOO

Posted by axejay > 2016-05-30 17:44 | Report Abuse

the return of the king

Posted by wongchin > 2016-05-30 22:39 | Report Abuse

Dt be happy too early. Market is no gd n a looming us interest rate hike on the card. I will b happy price stay at 155 / 160.

Posted by Joeylee > 2016-05-30 22:46 | Report Abuse

No hike. How to hike? Janet is not bernake who has strong character. Always mentions every month since this year january. Anyway wct is not depend on klse index. It has few hidden cards. You will be suprised for 4 quarters.

Posted by hng33 > 2016-05-31 11:07 | Report Abuse

Sold back partial WCT at 1.55, lock in contra profit first

Posted by hng33 > 2016-05-31 12:23 | Report Abuse

Sold back all balance WCT, all at 1.55, lock in all contra profit, free up capital and margin line

Posted by Joeylee > 2016-05-31 19:18 | Report Abuse

Hng33 why so hurry? 1.40 is strong resistance. Once reached, hard to return back already.

Posted by Peak > 2016-05-31 20:47 | Report Abuse

Yes, hng33, you sold too fast.

Posted by eagle100 > 2016-05-31 21:12 | Report Abuse

Yeah, some more tomm is ex date for dividend, though only 2 cents. Collect 2 cents first, then wait see where WCT go

Posted by hng33 > 2016-05-31 22:52 | Report Abuse

i just want to lock in all contra profit, don worry.....wct alwys under my radar....will buyback on weakness

Posted by Hay Geok Lian > 2016-06-02 15:22 | Report Abuse

Joylee, the hidden cards will help boost price or makes the price become worst?

Posted by axejay > 2016-06-03 15:45 | Report Abuse

EPF, tabung haji and KWAP all keep buying this counter...something is brewing~

Posted by Joeylee > 2016-06-04 16:34 | Report Abuse

Patience. Buy in and wait. 1.4 is wave 2.

Posted by BN_menang > 2016-06-08 02:10 | Report Abuse

What is RM 1.4 is wave 2? Is it RM 1.60?

Joeylee Patience. Buy in and wait. 1.4 is wave 2.
04/06/2016 16:34

Posted by Joeylee > 2016-06-08 07:18 | Report Abuse

Easy way to understand. 1.7 on this year is not the highest. Target more than 7.00 next year.

Posted by Blur2investor > 2016-06-08 11:33 | Report Abuse

Joeylee, do u mind sharing how u figure?

Posted by michaelwong > 2016-06-08 14:51 | Report Abuse

Over exaggerate and if that's the case there will be no beggars on the streets . I would have turned myself into a billionaire despite years investing in stocks market . .....haha !

Posted by Joeylee > 2016-06-08 22:34 | Report Abuse

Easy. Look at 2006 it had reached lowest. In 2 years time it climbed to the top at 4. This time also reached to the same condition of 2006. Plus some of headlines news above its business potential is more than before thus it has big possibility of reaching the targetted price. Not all stocks has this type of response same with the time.

Posted by Joeylee > 2016-06-08 22:38 | Report Abuse

Thus 1.4 is is wave 2. Elliot wave cannot be applied through out the time due to spilt but it can be applied thru particular time only.

Posted by Joeylee > 2016-06-08 22:47 | Report Abuse

Current 1.4 is really nested low. Cannot be 0.8.. 1.5 still cheap.