wct-wd offer cheaper to WCT exposure to its upcoming contract from malton, pavilion bukit jalil mall (the current gallery already demolish, once secure shareholder approval for RPT, malton will award these contract to wct, together Desmond Lim private company to award bukit damasara pavilion mall, all will award to WCT as wct have expertise in develop mall (JB mall, paradigm mall, gateway, aeon klang)
Remark: the above information is 'hint' gather from malton management
i have no interest in WD. My interest is in WE only. From morning I Q WE at 0.385, I just got it. Supporting for WE is between 0.38 0 0.385. Should be ok to collect. If it breaks the supporting, then I have nothing to say :)
I bought a lot of WE. Don't say I scare you. If all prices for wct, WD & WE is below medium Bollinger. If tomorrow it drops again & both upper & bottom Bollinger open, then all of us can go to holland
9999, thank for your concern. WD is too risky. Of course high risk high return. It will be expired in Dec. For those who are not going to do conversion, probably they will dump it around July/Aug. In that time, WD will be dropped a lot. I still prefer WE :)
I wonder why Malton and Desmond Lim's private company want to award those contracts to WCT if what hng33 said is true from the "hint". After all Malton also has the experience in developed Pavillion KL and Desmond Lim holds more shares in Malton than in WCT. Unless Malton is too busy to do the jobs and thus Desmond Lim has no choice but to benefit WCT, or Desmond Lim has a bigger plan for Malton. WCT's workmanship is really bad as a developer & contractor. Imagine a branded mall like Pavillion always has issue of tiles pops up after certain time like what is always happened in Aeon Bukit Tinggi, it will certainly affect Pavillion Mall's branded image. Anyway, I am just BS-ing as I have never been to both Pavillion KL and Paradigm Mall Kelana Jaya, so I have no idea how are the quality in these 2 malls.
For more information about the potential award of contract, kindly refer to Malton notice of EGM in regard to related party transaction worth RM 2 billion to be award by Malton to others related party, to be held on 7 June
Complement information is also refer to Wct own related party transaction agenda in upcoming agm on 1 June, stated as much as RM 3 billion worth of contract to be received by Wct under related party transaction.
Shareholder of Malton are welcome to seek more information in coming EGM in regard to upcoming pavilion bukit Jalil mall contract and Malton to acquire land from Wct, likely the prime land in OUG, KL.
Shareholder of wct on the other hand are welcome to seek more information in Wct AGM in regard to Malton bukit Jalil pavilion mall too, and Desmond Lim bukit damasara mall and bukit damasara redevelopment contract and Wct dispose its prime land in OUG to Malton that could worth RM 1 billion. WCT OUG land is locate just opposite to current Malton bukit Jalil project.
Remark: information gather is for Malton to become property holding to hold land for development, Wct to become developer, pavillion REiTs to become mall holder in future direction.
Remark: internally, above is just wct related party transaction contract. Externally, Wct is bidding for additional TRX work ( last year Wct alrdy bag first infra work in TRX for contract value RM 870m) , additional contract from Kawasan land, LRT3 and likely upcoming Bandar Malaysia infra work.
hng33, WCT to become property developer or contractor? When Desmond Lim bought into WCT, I thought the most likely scenario will be Malton to become a sole property company as in SunCity or Sunway; WCT will be as construction company like SunCon, and Pavillion Reit will be like Sunway Reit.Currently Malton is in both property and construction; WCT is in property, construction & holding several malls.
Hng33 n 9999, those studied d details of circulars of malton n wct will not sell wct. For those investors who dont know about this, u can study circular of malton dated 23 May, n wct dated 27 May. Then, do some own analysis n imagination on it. One side wants to give rm2bil projects n another side wants to receive rm3bil projects.
KLANG (June 1): Construction and property player WCT Holdings Bhd said it expects to realise plans to list a real estate investment trust (REIT) before year end, after the group has tidied its assets.
"The plan is to realise it within this year, we are in consultation with our investment bankers and the authorities.
"There will be things that we need to do to tidy up the assets before we can launch the REIT but the plan is to get everything done before the end of the year," said WCT group managing director Datuk Lee Tuck Fook at a press conference today.
He said the REIT will have over RM1 billion in assets, with the REIT to start off with WCT's own assets.
The listing of the group's properties under a REIT forms part of WCT's de-gearing exercise, as the group aims to lower its gearing from the 0.9 times level as at Dec 31, 2016.
Lee added that the recent share placement in April — the first tranche of its placement exercise of up to 125 million shares — and the conversion of its warrants, which will be expiring in December, will also help the group in de-gearing.
"We are also pushing the sales of our property inventory, along with our plan for the REIT. All these exercises will bring our gearing level down," he said.
He added that the group aims to lower its gearing to below 0.6 times with the completion of its de-gearing exercises.
Meanwhile, WCT said property sales have been encouraging since January, helped by the group's strategy to re-price and re-brand some of its properties.
"Because of the measures that we have taken, the sales that we have achieved since January have been encouraging at almost RM200 million. We hope the pace of sales will pick up and we'll able to achieve our RM500 million sales target," said Lee.
At 12.30pm, WCT fell 6 sen or 2.7% to RM2.16, giving it a market capitalisation of RM3.02 billion.
WCT got many big awarded projects since 2 years ago but its share price didn't move up. One of main reason is it has high debt standing at gearing of 0.9 times. If the listing of REIT can reduce its gearing from 0.9 to below 0.6 times, this definitely is a very positive move. I think it will start to move up after the EGM of Malton on 7th June.
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
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Posted by Investlink > 2017-05-30 10:07 | Report Abuse
Gadang n muhibah.. If take PE 10 .. WCT worth rm1.20 only ???