Among Malaysian companies with a good reputation in Qatar are WCT Engineering Bhd and Malaysia Airports Holdings Bhd (MAHB).
WCT and its partner, a local company, were entrusted with a number of construction projects costing 1.2 billion Qatari riyal (RM1.4bil) for Lusail, a new city here.
Short expiry date... There is risk within this few months as the corporate exercise may take longer to complete... For bit longer time till 2020, i m very confident the restructuring will be completed..
If Q4 meet expection...rm2 will history guys.. But get ready to run and buyback low if below expectation..Booz it could go back to its favorite level of rm1.70...haha
Losses is due to accounting FRS 139 on financial instruments.. In fact, the core profit is better at RM28mil at this Q after excluding the accounting FRS139 adustment... BUY On weakness ...
kudamuda_ As an fund or investors, i always look at fundamental, figures and justifications. Looking at WCT, the main concern is the short term CASH FLOW issues, NOT the fundamental. In term of jobs and assets, WCT's book order is historical high of RM4b+ order.. ASSEST includes malls and lands.. ONCE the "cash flow issue" is settle, the value of WCT will emerge..
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....
value_invest
1,152 posts
Posted by value_invest > 2017-02-07 15:47 | Report Abuse
WCT is getting a strong "strategy partner"..