Posted by Why_ > 2016-12-07 12:20 | Report Abuse

Desmond Lim must buy WCT at RM 2.5? Is he dumb? Why a dumb man can be so rich?

Posted by power96 > 2016-12-07 12:56 | Report Abuse

Chinese said dumb got luck

Posted by curious2 > 2016-12-07 14:51 | Report Abuse

Not he will go bankrupt?

Posted by power96 > Dec 7, 2016 12:56 PM | Report Abuse
Chinese said dumb got luck

Posted by curious2 > 2016-12-07 15:00 | Report Abuse

RM 600 million if borrow from bank at say 6% interest per annum per year already RM 36 million. Where DL going to find money to pay interest alone? Director fee can cover?

Posted by char1234 > 2016-12-07 15:29 | Report Abuse

To get immediate money, he will hold all the money hat people buy close to rm 2.........They are all trapped. In the future.he will push it slowly up to 2.15 its NTA........then abv 2,50.......
He is not stupid but people investing in this company are considered dumb when they bought near 2.00....Its a sacm counter run by businessman that r non ethical.......

Posted by curious2 > 2016-12-07 15:35 | Report Abuse

Meaning those selling today or around RM 1.7 are those bought near RM 2?

Posted by char1234 > Dec 7, 2016 03:29 PM | Report Abuse
To get immediate money, he will hold all the money hat people buy close to rm 2.........They are all trapped. In the future.he will push it slowly up to 2.15 its NTA........then abv 2,50.......
He is not stupid but people investing in this company are considered dumb when they bought near 2.00....Its a sacm counter run by businessman that r non ethical.......

Posted by char1234 > 2016-12-07 16:08 | Report Abuse

they are not selling, they hv to hold.Those margin calls will need to sell. There were false break after the rm 2 .....new people get trapped by the so call dumb guy........buy on the low........u will be duly rewarded.........Greedy people will want to win in all angles. After that they push share up again....company worth more n more

Posted by BN_menang > 2016-12-08 09:51 | Report Abuse

WCT Holdings (BUY) - Construction bleeds
Date: 22/11/2016

Source : HLG
Stock : WCT Price Target : 2.14 | Price Call : BUY
Last Price : 1.76 | Upside/Downside : +0.38 (21.59%)

Back
Results
WCT reported 3QFY16 results with revenue of RM414m (+11% YoY, -29% QoQ) and core earnings of RM20m (+181% YoY, -8% QoQ). Cumulative 9MFY16 core earnings amounted to RM74m, increasing +161% YoY amid a low base last year.
Deviation
While 9M revenue was inline at 75% of our full year forecast, core earnings disappointed at only 61% (consensus: 56%).
The disappointment resulted from the construction division which suffered losses in 3Q (EBIT: -RM3m). This is rather surprising as 2HFY16 was expected to witness a margin recovery, fuelled by the contribution of its newer jobs that were secured last year.
Dividends
None declared.
Highlights
Job wins have been strong. WCT has managed to secure RM1.4bn worth of jobs YTD (FY15: RM3bn), with the latest being the MRT2 from Bandar Malaysia South to Kg Muhibbah (RM896m). With this, we estimate its orderbook to stand at RM4.4bn, translating to a healthy cover 3.8x on FY15 construction revenue.
Changes major shareholder. Earlier this month, WCT saw a significant change in its major shareholders with founders Mr Tiang and Mr Wong (via WCT Capital) exiting the company by selling their 19.7% stake to property mogul, Tan Sri Desmond Lim (TS Lim) at RM2.50/share.
A new direction? We reckon that the emergence of TS Lim in WCT could feed it with building related jobs from the former’s property companies (e.g. Malton). Also, given the common shareholding between WCT and PREIT, we cannot discount the possibility of the former’s malls eventually being injected into the latter.
Risks
WCT’s net gearing is high at 88% while earnings delivery lacks consistency from quarter to quarter.
Forecasts
We cut FY16-18 earnings by 17%, 12% and 8% respectively to reflect a less than promising recovery in its construction margins as earlier envisioned.
Rating
BUY rating under review, TP: RM2.14

While the results were uninspiring, we reckon that the emergence of TS Lim at a 30% premium to the last share price close could offer a buffer on the downside.
Our BUY rating is under review pending today’s briefing where we shall seek more clarity on its margin outlook and more importantly, strategic direction going forwards as brought by its new major shareholder.
Valuation
Despite the earnings cut, our SOP based TP is relatively unchanged at RM2.14 (from RM2.12) as we roll over from mid-CY17 to FY17. This implies FY16-17 P/E of 26.8x and 18.4x respectively
Source: Hong Leong Investment Bank Research - 22 Nov 2016
http://klse.i3investor.com/servlets/ptres/38385.jsp

Posted by BN_menang > 2016-12-08 10:07 | Report Abuse

MRT 2 project won recently. What else WCT can win? LRT3?

Posted by BN_menang > 2016-12-08 10:12 | Report Abuse

Suncon(pure construction) market cap (MC) RM 2.1 billion vs WCT MC RM 2.2 billion(construction+reit(shopping malls)+property) why cannot buy WCT more for having 3 businesses vs 1 in Suncon?

Posted by BN_menang > 2016-12-08 10:13 | Report Abuse

Meaning market is valuing WCT business like reit and property development RM 100 million?

Posted by char1234 > 2016-12-08 10:14 | Report Abuse

TP 2.12....................now 1.79.....................will not happen as management is doing a scam job pushing price down

Posted by BN_menang > 2016-12-08 10:27 | Report Abuse

I think people are waiting what will happen between Pav Reit and WCT Reit. That is only way Desmond Lim can recover his RM 2.5 investment in WCT or he will lose heavily.

Posted by imoogi99 > 2016-12-08 11:30 | Report Abuse

Definitely will take the most effective way out by Desmond. They will put all the WCT malls into Pav Reit. WCT will get some cash to reduce the debts and working capitals. Win-win for both of them. As for the hotel, am not sure if they want to do something abt it.
Another big win for Desmond will be the arbitration award win from Meydan. If the cash comes in sometime soon, it will be RM1.38 bil now due to the weakness in RM. So let just see how WCT moves in 2017.

http://hsfnotes.com/arbitration/2016/01/21/dubai-court-of-cassation-dismisses-claim-for-damages-made-against-arbitral-tribunal/

http://www.thenational.ae/business/property/arabtec-renews-dh14bn-dispute-against-meydan-three-years-after-dropping-dubai-racecourse-claim

Posted by happy9966 > 2016-12-08 14:47 | Report Abuse

Sui sui soon.buy in now n gain big ang poa .

Posted by Muarmali > 2016-12-08 15:49 | Report Abuse

why take them so long to enforce the arbitration award?

diversification improve the resilience of overall business but not the key factor in profitability.

one of the key factors is human resource/leadership. for example, the only obvious changes after the exits of the founding shareholders is the captain -TSD, with the rest of the company remains unchanged. the audience got excited when they saw a new magician came on stage with a different hat. they were eager to see what would come out from the new hat - buy the shares and popcorn and wait...

so, the argument of diversification equal profitability doesn't hold water.

for shares price to move up, you need to ................

(sign up to read the rest of the opinion)

Posted by char1234 > 2016-12-08 16:53 | Report Abuse

u buy today? I think can get at lower price...

Posted by power96 > 2016-12-09 18:46 | Report Abuse

Looks like no big angpow for 2017

Posted by coolinvestor > 2016-12-09 19:52 | Report Abuse

sold wct wd for some profits.

Posted by lchuanse > 2016-12-10 13:43 | Report Abuse

WCT chart pattern is forming a very nice reverse SHS pattern with a pull back to the neckline

Posted by Fat_tat > 2016-12-13 15:12 | Report Abuse

Heard WCT can win Pan Borneo Highway Sabah contract?

Posted by sonicleong > 2016-12-13 15:34 | Report Abuse

when will announce ?

Posted by coolinvestor > 2016-12-13 17:09 | Report Abuse

betui ke....

Posted by Fat_tat > 2016-12-14 12:14 | Report Abuse

CIMB says KL-Singapore HSR 'relevant' to Gamuda, IJM Corp, WCT
http://www.theedgemarkets.com/my/article/cimb-says-kl-singapore-hsr-relevant-gamuda-ijm-corp-wct

Posted by power96 > 2016-12-15 13:15 | Report Abuse

Forget about the claim. Wont happen

Posted by Fat_tat > 2016-12-15 16:38 | Report Abuse

Can get Meydan claim(RM 1.2 billion) is a bonus(ask Desmond Lim whether true). More so now RM is weak. Should claim faster to get even more money when RM is weaker.

power96 Forget about the claim. Wont happen
15/12/2016 13:15

Posted by kk1234 > 2016-12-16 10:36 | Report Abuse

Heard Desmond Lim is stupid man to buy RM 2.5. Anyone think the same?

Posted by char1234 > 2016-12-16 10:49 | Report Abuse

yes he is....

Posted by char1234 > 2016-12-16 13:56 | Report Abuse

BUT ....v r the biggest fool

Posted by char1234 > 2016-12-16 13:57 | Report Abuse

see my previous comments

Posted by paperplane2016 > 2016-12-16 22:23 | Report Abuse

Want earn big money, have a bit patient.

Posted by char1234 > 2016-12-17 17:03 | Report Abuse

You are right......buy on the dips.....NEVER chase this share.U will get burned for now....

Posted by BN_menang > 2016-12-17 22:05 | Report Abuse

Gamuda, IJM and WCT likely to gain from new Malaysia-Singapore rail link
http://www.thestar.com.my/business/business-news/2016/12/15/gamuda-ijm-and-wct-likely-to-gain-from-hsr-job/

Posted by char1234 > 2016-12-17 22:11 | Report Abuse

WCT is China man company....how they secure Govt projects

Posted by BN_menang > 2016-12-17 22:23 | Report Abuse

Got Bumis shareholders like KWAP, Tabung Haji, PNB and EPF(holding over 30% WCT).

Posted by char1234 > Dec 17, 2016 10:11 PM | Report Abuse
WCT is China man company....how they secure Govt projects

Already secured MRT projects just last mth why not HSR as well?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5258525

Posted by char1234 > 2016-12-17 22:37 | Report Abuse

a lot of underground money changing hands....

Posted by linges > 2016-12-20 09:33 | Report Abuse

http://www.klsescreener.com/v2/news/view/168813

Posted by ryan7642 > 2016-12-20 17:10 | Report Abuse

Uptrend in the move suggest strong buy cheaper warrant WE @ 0.185^^ wf the capability of grap new project n the book value of project keep increase in hand n Desmond joining surely can make good return wf lower risk vs call warrant:)

Posted by char1234 > 2016-12-21 14:09 | Report Abuse

what uptrend u talking about ?its downtrend ....good to buy n keep but con counter for now

Posted by ryan7642 > 2016-12-21 18:27 | Report Abuse

I mean the sale n project etc is in uptrend..surely will be a good year 2017 for wct stay tune^^

Posted by yangstockwatch > 2016-12-22 16:10 | Report Abuse

Don go for mother....
Keep the son WD which is more cheaper and worth for this price.
Just buy WD, and wait for the mom to go up...
Im expecting the mom should stay 1.78-1.80 by end of the Dec.

Posted by char1234 > 2016-12-22 20:04 | Report Abuse

yes....2017 will c wct in action...buy d warrants n keep for a year time frame...dont chase d share

Posted by BN_menang > 2016-12-23 12:46 | Report Abuse

2017 rail theme positive for construction sector
http://www.theedgemarkets.com/my/article/2017-rail-theme-positive-construction-sector

Posted by char1234 > 2016-12-28 14:20 | Report Abuse

down to 171

Posted by char1234 > 2016-12-29 03:20 | Report Abuse

so ....?? Its a biz move..share price dived ! investors got burned

Posted by char1234 > 2016-12-29 03:21 | Report Abuse

i will win in wct...i know what they r up to

Posted by char1234 > 2016-12-29 03:21 | Report Abuse

EPF now lending money to WCT....

Posted by Good_News > 2017-01-03 11:44 | Report Abuse

Promising 2017 outlook for construction
http://www.thestar.com.my/business/business-news/2017/01/03/promising-outlook-for-construction/

Posted by BN_menang > 2017-01-03 17:35 | Report Abuse

Can WCT win Pan-Borneo Highway Sabah contract?

Posted by imoogi99 > 2017-01-03 17:48 | Report Abuse

They have won one last year...about RM1.3bil. Let see if they could get more package this year.