Read into details of the QR,,, The core profit is better at RM28 this QR compared RM25 previously...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.
@value_invest, how about effect of the private placement recently proposed? If the private placement is with the intention to increase the controlling stake of the friendly party of new major shareholder, we expect the price to be flat until the placement completed? on the other hand, higher market price will enable WCT to raise more fund.. good for "cash flow"... hmm.. complicated..
Private placement (PP) serve to ease the short term cash flow issue, the PP also aim to bring in a strong strategy partner. Desmond always has big and strategy partner for all his big project, e.g. pavillion partner Kuwait Finance house and Damansara city with Canadian Pension Fund.. As fund, i look at fundamental, the company's jobs is picking up momentum with record book order of RM4bil... Once the cash flow issue is settle... Value emerge..
For more clearer picture as how the management will settle the cash flow issue, we need to wait for the management's QR financial briefing these 2 days...
Past history shows 99% of the speculators don't make profit or break even in a period of 10 years or more of speculating. 1% of less will be all time champion of the run. These 1% group are likely the fund managers or institionals, which means they are the minority.
Kudamuda, maybe not a bad thing when most people ask to avoid this counter. In every run whether is little or super bull, everyone is another Warrant Buffett, most of shares he/she buy will likely make money unless is really bad luck. Ask around your friends, how many involve in share market and stilll shows profits for a period of 10 years. Perhaps, think as minoroty may bring you good luck.
Based on Management's QR briefing, WCT is moving to improve the construction margin with RM 5 bil order book. Expecting 2017 get RM2bil new job. WCT is talking to a fund and a reits to sell 2 of the malls for RM1.2b+++ to degear... BUY on weakness...
Market is dynamic... Fundamental and value is always the crucial factors to make extra ordinary gain in the market. Most of the public and market players invest base on public information/analyst reports without making own research.. If all the investors buy stock base on the public information and most of the ppl make money, whose is losing money.. Based on evidence, most of the investors lose money and only minority make money in the market,,,
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....
martinbartesque
1,547 posts
Posted by martinbartesque > 2017-02-24 09:36 | Report Abuse
value_invest, can you pls share some opinion you read from the QR report? How come the profit is so low? Thx.