Posted by WSP88 > 2017-08-30 09:51 | Report Abuse

Engine rosak Liao... too many day down trend !!

Posted by Pak Andak > 2017-08-30 10:35 | Report Abuse

OTHERS Letter of Acceptance - Light Rail Transit Line 3 (LRT3) from Bandar Utama to Johan Setia Package GS03 - Construction and Completion of Guideway, Stations, Park and Ride, Ancillary Buildings and other associated works.

Posted by Pak Andak > 2017-08-30 10:36 | Report Abuse

Announcement
Subject OTHERS
Description Letter of Acceptance -
Light Rail Transit Line 3 (LRT3) from Bandar Utama to Johan Setia
Package GS03 - Construction and Completion of Guideway, Stations, Park and Ride, Ancillary Buildings and other associated works.
The Board of Directors of WCT Holdings Berhad (“WCT” or “the Company”) is pleased to announce that its wholly-owned subsidiary, WCT Berhad, had on 29 August 2017 accepted the Letter of Acceptance issued by Prasarana Malaysia Berhad (“the Employer”) to undertake and complete the “Package GS03 – Construction and Completion of Guideway, Stations, Park and Ride, Ancillary Buildings and other associated works for construction and completion of Light Rail Transit Line 3 (LRT3) from Bandar Utama to Johan Setia” for a contract sum of RM840.0 million (excluding 6% goods and services tax) (“the Contract”).

LRT3 is a double-track rail alignment of approximately 37 kilometre long with 26 stations covering the areas of Bandar Utama, Shah Alam and Klang, before terminating at Johan Setia in Klang.

The works under the Contract are expected to be completed within 33 months from the date of the Letter of Acceptance.

None of the Directors or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the award of the Contract.



This announcement is dated 29 August 2017.

Posted by Pak Andak > 2017-08-30 10:37 | Report Abuse

Don't worry too much....

Posted by hng33 > 2017-08-30 10:56 | Report Abuse

bought WCT-WE at 31sen

Posted by NewbieNewbie > 2017-08-30 11:10 | Report Abuse

Sell on news? Despite it was down trending since?

Posted by power96 > 2017-08-30 12:52 | Report Abuse

WD going for for big drop soon

Posted by NewbieNewbie > 2017-08-30 14:04 | Report Abuse

Dropping because new contract awarded? Doesn't it weird?

Posted by hng33 > 2017-08-30 14:44 | Report Abuse

bought also WCT at 1.76

Posted by 8899 > 2017-08-30 14:51 | Report Abuse

have just double and triple checked with the director of the company, today dropping maybe due to Tabung Haji keeps selling to cash out, the fundamental is still very strong and good. And few more projects to be announced soon.

Posted by 8899 > 2017-08-30 14:54 | Report Abuse

They guessing because of InDB case. End of month is due date, so need to compile cash to settle it.

The directors and the fund managers can forsee it will move up by September which is next week.

Posted by 8899 > 2017-08-30 15:02 | Report Abuse

I was urged to accumulate more WCT shares now, as it is golden opportunities to acquire undervalued shares. And once few more projects being announced, the share price will fly up.

Posted by nicnic > 2017-08-30 15:05 | Report Abuse

Bear in mind with the legal case, this will eaten up 70% of profit

Posted by bone > 2017-08-30 16:44 | Report Abuse

8899, what does the director says about their development of Waltz residence and the paradigm mall?

Posted by BornToSpeculate > 2017-08-30 17:09 | Report Abuse

Funny you should mention legal case will eat up 70% of profits. You must be forgetting the 1.3b arbitation they won against Meydan. They have the judgement pending enforcement.

This new case by subcontractors are related to the same project. Also, this a JV company so at worst case they are liable for half

Posted by BornToSpeculate > 2017-08-30 17:17 | Report Abuse

If you ask me, someone is trying to push down mothershare since they know TH is selling and collecting WD and WE.

As for the company, they can only be better from now on with impending REIT exercise, cashflow from the enforcement of 1.3b legal case they won, 5b plus order book. And its in their best interest to encourage conversion for capital purposes. Meaning they want to push mother.

Posted by 8899 > 2017-08-30 20:28 | Report Abuse

bone, according to the director, he said that they will dispose most of their properties and focus on construction projects as WCT core business is construction. They will dispose paradigm mall, and this will announce later. But he never mentioned about the waltz residence. Anyway, they are very confident on securing few more sizeable construction contracts from government and will announce soon.

Posted by bone > 2017-08-30 21:56 | Report Abuse

dispose paradigm mall meaning? They are going to sell of that big piece of land in Oug?

Posted by Orson Chin > 2017-09-02 09:47 | Report Abuse

WCT reit don't want set up edy?

Posted by ivankvs > 2017-09-02 13:59 | Report Abuse

Why dropped despite 840m contract ?

Posted by ran777rpt > 2017-09-03 13:14 | Report Abuse

North Korea was struck by as many as two strong tremors on Sunday, with the South's Joint Chiefs of Staff saying it was presumed to be a sixth nuclear test.
Japan later said the tremors were a nuclear explosion, Reuters reported.
The USGS initially reported a first tremor as a 5.6 magnitude, but later raised it to 6.3, while China's earthquake administration said it detected a 6.3 magnitude earthquake in Northeastern North Korea, calling it a "suspected explosion," Reuters reported.

Posted by BornToSpeculate > 2017-09-04 18:21 | Report Abuse

Better run if u don't read and do your homework.

Another 10 contractors can sue them for 100m each for the same project and won't affect as they already won the arbritation award 1.2b under JV company

If u don't understand what that means please go google.

BTW they got the award 2 years ago and still pending enforcement after fighting for 6 years. You think the subcontractor case will affect any cashflow in the short term anyway ?

Posted by bone > 2017-09-05 11:40 | Report Abuse

I wonder if the owner of waltz going to sue them for cancelling the Paradigm OUG project

Posted by hng33 > 2017-09-05 15:02 | Report Abuse

bought more WCT at 1.70-1.72

Posted by hng33 > 2017-09-05 16:10 | Report Abuse

Recover back :)

Posted by hng33 > 2017-09-05 16:18 | Report Abuse

moving up instead :)

Posted by kuaTAKtahu > 2017-09-06 10:52 | Report Abuse

sell . .sell . .sell . .

Posted by limch > 2017-09-06 11:49 | Report Abuse

I also like WCT but not at any price. GLCs' many here(EPF, KWAP, TH, PNB) so easier to get govn contracts?

Posted by limch > 2017-09-06 12:11 | Report Abuse

MRT3 must fast track(according to Datuk Liow Tiong Lai) so WCT got chance to win something?

Posted by 8899 > 2017-09-07 11:46 | Report Abuse

was advised by the fund manager, that they purposely pushing down the price in order to frighten the investors, then they start accumulating the shares, then they will push up again the share soon.

Posted by 8899 > 2017-09-07 11:52 | Report Abuse

Hi bone, Im just back from overseas actually, Im not sure about the waltz residence. But i was told that they will dispose paradigm mall, maybe to capital land? for them to strengthen their cashflow which is good for them. They said they wanted to fully focus on more construction projects which they will secure soon. tq

Posted by kuaTAKtahu > 2017-09-07 14:55 | Report Abuse

poor company. .sell sell

Posted by chin79 > 2017-09-07 15:09 | Report Abuse

Start pushing......Awaiting to reach RM2 soon

Posted by chin79 > 2017-09-07 15:12 | Report Abuse

Good move for Malton....and sooner will bring light to WCT.

Posted by rlch > 2017-09-07 15:47 | Report Abuse

I support HLG TP because Tan Sri Desmond Lim bought at 2.5 sure want his interest taken care.

Posted by 2017win > 2017-09-07 17:05 | Report Abuse

We will see another contract reward to WCT in very short term.

Posted by 2018win > 2017-09-07 17:15 | Report Abuse

come RM2 come. higher and higher!

Posted by Winmore88 > 2017-09-07 18:00 | Report Abuse

good closing

Posted by BornToSpeculate > 2017-09-07 20:40 | Report Abuse

8899 your information is quite accurate. I heard somethin' similar earlier too. If you observe closely, everyday in the buy and sell queue the pass 2 weeks you can see that someone is taking advantage of the fact that TH has been selling and pushing WCT mother down to collect WCT WD cheap.

For a company that has so many jobs ( enough for the next 2-3 years ) and not enough funding, do you think they will let WCT WD expire or they want people to convert.

Logically the easiest most convincing way to make people convert is push WCT mother substantially higher than WD so that the discount is attractive enough to convert. If you own mother as well, its riskless profit for you to convert. But if your speculating then might as well go to casino and try your luck.

WE is obviously the safer option but seriously do you want to pay such a high premium for the same option at a higher exercise.

Do the math.

Posted by Ray Mond > 2017-09-07 23:56 | Report Abuse

has mrt2 project have been fully awarded?

Posted by power96 > 2017-09-08 07:24 | Report Abuse

Hopes that WD will not ended up like WC

Posted by AhSook AhKou > 2017-09-08 07:26 | Report Abuse

I believe WCT engage an agent for large recruitments , if so ? What does it tell us ????

Posted by 888888888 > 2017-09-08 09:14 | Report Abuse

RM 2 next week?

Posted by hng33 > 2017-09-08 09:21 | Report Abuse

sold back wct at 1.80, lock profit, free up capital first

Posted by BN_menang > 2017-09-08 10:10 | Report Abuse

Projects not enough cannot move? Give more projects pls. KWAP, EPF, Tabung Haji, PNB own shares in WCT.

Posted by BN_menang > 2017-09-08 10:51 | Report Abuse

Stressful style and lose brokerage. I dumb-dumb hold.

hng33 sold back wct at 1.80, lock profit, free up capital first
08/09/2017 09:21

Posted by kuaTAKtahu > 2017-09-08 11:05 | Report Abuse

sell . .sell . .sell . .sell . .

Posted by power96 > 2017-09-08 21:37 | Report Abuse

Last trading price for WC before expired was 2centd

Posted by kuaTAKtahu > 2017-09-11 12:08 | Report Abuse

good sharing hgn33

Posted by newbie_2017 > 2017-09-11 12:25 | Report Abuse

bought at RM 2 sen sold at 1.8 loss RM 2 K. Bad luck counter.