Based on my research, Anywhere, WCT is a good counter for value investment.. There is corporate exercise to unlock the value.. RM2.80 is within reach when the value emerge.. 1) PP is coming soon with a very strong strategic partner, 2) Disposals of mall worth RM1.2bil is under negotiation.. BUY on weakness.. WCT-WE is very good buy...
desmond is well known for slow motion, i think WCT will take another three years to improve its P&L, may be 3 years later it will push up the share price above RM2
WCT Holdings Berhad (“WCT” or “the Company”) wishes to announce that the Company’s Middle East Regional Office in Doha, Qatar, wholly owned subsidiary of the Company, as the Second Respondent, where ATC and WCTB are unincorporated joint venture partners on a 50:50 basis (JV). had on 6 March 2017 received from the Dubai International Arbitration Center (DIAC)
TSC is claiming from the JV a total quantified sum of AED107,732,999.96 (equivalent to RM130,561,623.00) being alleged sums due pursuant to and under the Subcontract and further unquantified sums for legal costs, arbitration costs, and interest (collectively referred to as “the Claims”).
The Company will take the necessary legal actions to defend and to oppose the Claims.
So now this is the 2nd fight. WCT won the 1st fight of RM1.2bil in 2015. So let see who will win this 2nd fight. Bad news????....not yet...just the beginning...maybe another year or two.
Anywhere, WCT has won a case for RM1.2BIL+ on 2015..The claim $$$ is still pending. This is another dispute case brought by the sub-con.. which may not have any impact on WCT... There are some big guys big buying/accumulation on WCT shares.. Based on price movement, there are buying interest coming in whenever there was negative news announced. e.g. PP and nagative QR announcement.. AGAIN.... BUY on weakness....
Buy on weakness,, This legal will not have impact on WCT... Because July 2015, WCT won the arbitration proceeding and Meydan was required to pay the former a sum of AED1.15bn (RM1.4bn)... BUY ON WEAKNESS
If u are doing your own research and the history of the cases, WCT infact was awarded RM1.4 bil on July 2015 when it won the arbitration proceeding against meydan.. So This case will not have any impact on WCT... WCT will be claiming the RM1.4bil in the coming years... BUY on WEAKNESS>>>>
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....
Investlink
189 posts
Posted by Investlink > 2017-03-07 19:47 | Report Abuse
Coldinvestor.. U mean TT 2.80 just simply talking only ?