Posted by hng33 > 2016-11-17 14:34 | Report Abuse

bought more wct-wd at 28.5sen

Posted by hng33 > 2016-11-17 14:35 | Report Abuse

bought back also wct-we at 21.5sen

Posted by hng33 > 2016-11-17 14:55 | Report Abuse

sold back wct-wd at 29sen, lock fast contra profit first

Posted by BN_menang > 2016-11-17 17:12 | Report Abuse

Busy with my other counters. Just read Bursa announcement EPF and KWAP are net buying. Hopefully can reach RM 2 soon.

Posted by char1234 > 2016-11-17 17:47 | Report Abuse

At what price r they buying ? RM 2,50 as well ??

Posted by char1234 > 2016-11-17 17:59 | Report Abuse

Write a comment..

Very good closing....

Posted by BN_menang > 2016-11-17 20:50 | Report Abuse

Lim to inject WCT assets into Pavilion REIT
http://www.theedgemarkets.com/my/article/lim-inject-wct-assets-pavilion-reit

Posted by char1234 > 2016-11-17 20:54 | Report Abuse

so what does this mean.?

Posted by char1234 > 2016-11-17 20:54 | Report Abuse

to d wct price

Posted by char1234 > 2016-11-17 22:31 | Report Abuse

mimimium..2.15.....hopefully by next Nov 30th

Posted by paperplane2016 > 2016-11-17 22:36 | Report Abuse

0:01
/ 0:34


This will, in turn, help WCT clean up its balance sheet and lower its gearing ratio, which analysts believe will remove a persistent discount on the company’s share price.

While WCT had previously mooted a possible REIT listing of its malls by the end of the year, injecting them into an existing REIT would prove faster and easier to accomplish.

Analysts have pegged a valuation of RM1.2 billion to WCT’s three malls, namely Paradigm Mall in Petaling Jaya, AEON Bukit Tinggi Shopping Centre in Klang and gateway@klia2 in Sepang. The group has another Paradigm Mall coming up in Johor Baru that is scheduled to open next April, according to its website.

To recap, Lim got the market excited last Tuesday after he surfaced in WCT as its biggest shareholder with a 19.67% stake. His vehicle, Dominion Nexus Sdn Bhd, had acquired the shares in a direct deal from WCT Capital Sdn Bhd, which is the vehicle of WCT co-founders Peter Taing Kim Hwa and Wong Sewe Wing.

The acquisition price was not disclosed to Bursa Malaysia. However, Bloomberg data shows that several blocks of shares transacted at RM2.50 apiece last Tuesday, representing a premium of 42.85% to the stock’s closing price of RM1.75 that day. At RM2.50 each, the transaction would have cost Lim a total of RM614.3 million.

Posted by imoogi99 > 2016-11-17 22:40 | Report Abuse

That's the reason why there's willing buyer and willing seller at RM2.50. Both see a win-win situation for the company.

"While WCT had previously mooted a possible REIT listing of its malls by the end of the year, injecting them into an existing REIT would prove faster and easier to accomplish." and could be at cheaper cost too!

Posted by paperplane2016 > 2016-11-17 22:43 | Report Abuse

SOP valuations translate into an implied share price of RM2.12 and RM2.38 each. This means Lim may have put a much higher valuation on WCT if he had indeed bought in at RM2.50 apiece on Nov 1.

The huge premium may also represent a carrot to WCT’s co-founders to exit immediately rather than pursue a longer-term, value-unlocking strategy via the original REIT listing proposal.

One possibility is that the RM2.50 share price is the valuation Lim is eyeing when the dust settles on his upcoming plan to unlock value in WCT via Malton and Pavilion REIT. “Of course, there would be concerns [among the minority shareholders] over whether the valuation is fair,” says an analyst.

Sources say following the injection of WCT’s malls into Pavilion REIT, the next step could be to streamline Malton’s construction business into WCT, which is far larger and has an established track record. For perspective, Malton’s market capitalisation as at Nov 3 was RM302.7 million or just under 14% that of WCT.

WCT’s construction order book stands at RM4.28 billion, a quarter of which is from its contracts totalling RM1.1 billion at the Petronas Refinery and Petrochemical Integrated Development project. Its construction arm saw total revenue of RM1.51 billion in the second quarter ended June 30 (2QFY2016), of which 58% were external sales.

In comparison, Malton’s construction arm reported a turnover of RM503.7 million in 2QFY2016 — 57.4% of which was internal, meaning it was undertaking its own construction projects. With a common major shareholder in Lim, these construction jobs are likely to be fed to WCT, boosting the latter’s construction business.

Streamlining the construction businesses under WCT would pave the way for Malton to focus on its property business, which is what the company is primarily known for.

Similarly, WCT’s property division is relatively small compared with its larger operation as a group. In 2QFY2016, this segment accounted for only 14.7% of quarterly group revenue, although its contribution to operating profit was larger at 43.1%.

Analysts generally agree that it is still early days to tell how the minority shareholders will be affected by Lim’s plan.

In a Nov 2 report, AllianceDBS Research says Lim’s emergence has cast uncertainty on the future direction of the company until more details are announced. HLIB echoes the sentiment, saying a potential risk is a significant change in WCT’s strategic direction.

Other analysts, however, feel that Lim’s presence as a shareholder is an upside for WCT, given his successful Pavilion brand name, noted business acumen and reputation for deal-making. For now, this is a space to watch for Corporate Malaysia observers.

Posted by Muarmali > 2016-11-18 09:53 | Report Abuse

Investment - don't practise what you learn from varsities.

Posted by Muarmali > 2016-11-18 10:00 | Report Abuse

the ultimate goal of "business" is to make money for the businessman himself - don't be so naive to think that they will take care the other shareholders pocket. who are you for the businessman to take care of you? you are not even their horses and cows to work for them and milked by them day and night. why should the businessman take care of you?

take the entry price of RM2.50 with a pinch of salt.

Santa arrive early this year. i bought some at RM1.6x and sold all at RM1.9x. i am happy with this early Christmas gift. the rest is pure gambling.

Posted by char1234 > 2016-11-18 10:18 | Report Abuse

good for u.Congrats........nice pick at 1.6x.........im waiting for minimium 2.00.....maybe will never happen

Posted by BN_menang > 2016-11-18 10:35 | Report Abuse

WCT anti-Bersih so must get more govn projects.

Posted by char1234 > 2016-11-18 15:03 | Report Abuse

weak already..........how to break 2 ??

Posted by wongchin > 2016-11-18 18:58 | Report Abuse

I am nt that naive to sell off all the share. Js sold part of it will do. If suddenly next week jump start or gd announcement where gt bullet to sell. Even if drop also nt afraid cos after selling part of my share my share cost is lower already. Be happy

Posted by aa88 > 2016-11-18 19:03 | Report Abuse

wait Monday showtime

Posted by paperplane2016 > 2016-11-18 21:06 | Report Abuse

APA show. Tiger show?

Posted by char1234 > 2016-11-19 04:39 | Report Abuse

aa88....u guess or u hope? So fast?

Posted by Complain King > 2016-11-21 09:51 | Report Abuse

aa88just just guessing

Posted by char1234 > 2016-11-21 10:57 | Report Abuse

no chartist here..............can look at d candles ...better than guess.......why not strike when iron is hot

Posted by paperplane2016 > 2016-11-21 11:33 | Report Abuse

Hope wct can weak a bit lah, ask epf don't buy so much, back chance

Posted by char1234 > 2016-11-21 15:24 | Report Abuse

this week shld hv a show but its not today

Posted by power96 > 2016-11-21 17:36 | Report Abuse

Tomorow sure go down

Posted by mhchai > 2016-11-21 17:42 | Report Abuse

last yr same Q there was a 78mil unrealize forex gain, while this Q only 3.85mil unrealize forex gain.

Posted by value_invest > 2016-11-21 17:49 | Report Abuse

This Q Core earning about the same at RM21mil after excluding foreign exchange gains of RM3mil.. Last Q core earning RM21mil + foreign exchange gain of RM10+ mil... Oveall, the earning is about the same.. Not too bad...

Posted by ragstorich > 2016-11-21 18:24 | Report Abuse

Good Q3 result - if excluded the unrealised forex, Q to Q and year to year net profit has increased by 204% & 192% (pg 14 of the Q3 report). Hope can claim above RM2 in this week

Posted by voon1900 > 2016-11-21 19:31 | Report Abuse

sell

Posted by MrSam > 2016-11-21 19:52 | Report Abuse

perhaps so perhaps not

Posted by muscular > 2016-11-21 20:34 |

Post removed.Why?

Posted by hng33 > 2016-11-21 20:46 | Report Abuse

If Wct on weakness, Wct-wd will most affected. Let's see whether have any bargain opportunity to re enter back again.

Posted by curious2 > 2016-11-21 20:51 | Report Abuse

DL only joined recently. Should judge him next year QR.

Posted by power96 > Nov 21, 2016 08:39 PM | Report Abuse
DL also silap

Posted by curious2 > 2016-11-21 20:59 | Report Abuse

Just find out who is power96. He only know WCT single counter yet all negative comments. Take his comments with pinch of salt.
http://klse.i3investor.com/servlets/cube/post/power96.jsp

Posted by linges > 2016-11-21 21:07 | Report Abuse

govt project completion in Qatar should have bring handsome profit and benefited from forex exchange gain..

I'm not holding any mother/warrant..but quite suprised with the QR result...

Posted by value_invest > 2016-11-21 21:45 | Report Abuse

Investors should sell fast tomorrow if they see no confident,, if there is any price weakness, there is bargain opportunity to load up some...

Posted by value_invest > 2016-11-21 21:46 | Report Abuse

The results is all within expectation... The corporate restructuring is all underway...

Posted by Tham Leong > 2016-11-21 22:06 | Report Abuse

See 2molo

Posted by linges > 2016-11-21 22:27 | Report Abuse

If panic selling happen tomolo...then sure a bargain hunting day for mother and WD..

must-watch counter tomolo...

Posted by ragstorich > 2016-11-22 09:02 | Report Abuse

1 min drop 0.07 ................
time to collect more

Posted by value_invest > 2016-11-22 09:24 | Report Abuse

GOOD TIME>>>>

Posted by value_invest > 2016-11-22 09:25 | Report Abuse

ACCUMULATING>>>>

Posted by value_invest > 2016-11-22 09:27 | Report Abuse

GOOD OPPORTUNITY TO LOAD UP..

Posted by value_invest > 2016-11-22 09:30 | Report Abuse

BUY long tenure warrant.....

Posted by barlog > 2016-11-22 09:30 | Report Abuse

bad year for 2016, need to wait 2017 to get perform. yeah..... looking to load up

Posted by value_invest > 2016-11-22 09:34 | Report Abuse

Result is all within expectation... BIG players are mopping up...

Posted by char1234 > 2016-11-22 09:38 | Report Abuse

low was 185......wow.......why buy at 2.50 knowingly know bad p n l......funny bizman....

Posted by value_invest > 2016-11-22 09:54 | Report Abuse

Accumulating...