The management noted on the declining of share price. They also pointed out the negative change of investor's sentiment to constructions stocks and admitted the share price is inline with the market outlook.
Nevertheless, the management had stressed that they had 2 contract won this year and achieved satisfactory financial result for YE18. Not too worry, NTA stood at 2.24 as at Sept 18.
That's the summary and what I understand from the query i raised to WCT.
dont worry... those thinking of 0.53 just wait.... for me nw is superb cheap... i keep on buying.... before jan 1...i think it will be move.... this few day movement quite special.... i am technical base investor, but i only buy those stock with good fundamental and beautiful TA: WCT is 1 of it
chart build up no doubt is good and promising... MACD at edge of crossing and uptrend. however, immediate resistance of 0.695 need to break and increase in volume is much needed.
the reason why HLIB lower their TP is based on their negative outlook on the construction sector and reduced on earning forecast and higher on financial cost bear by WCT.
WCT management do noted the hike of financial cost and they had reassure their ability in interest service and commit to reduce the borrowing.
On the plus side, the collection and billing cycle is generally healthy and the risk of default is low due to the job nature and paymaster.
The group is diverting from focusing in infrastructure project and going to bid more building project in the future to reduce the dependency. The winning in July and September mark the walk to talk of the management. I have not sure if this been communicate to HLIB by the management but this do a highlight by HLIB why they cut the TP and their SELL call.
Compare the report from difference IB and make your own judgement.
top up some again.. too cheap not to buy....nobody know how low it will go, but if holding for long term, not so much different between 0.53 or 0.67.....everyone has different ideas. best time to collect construction counters.
WCT Holdings Bhd and TSR Capital Bhd have accepted a contract award worth RM676.8 million to build a shopping complex at the integrated Merdeka 118 development in Kuala Lumpur.
Their wholly-owned subsidiaries — WCT Bhd (WCTB) and TSR Bina Sdn Bhd (TSRB) — today executed the letter of acceptance issued by PNB Merdeka Ventures Sdn Bhd.
the PNB 118 mall construction commence today. target completion date is 30 months. there should have positive contribution to Q4 revenue should there have initial payment make by PNB before the project kick off.... together with the 2 projects won between July & Sept 18, and assume there is no delay on payment by the paymaster; the revenue for Q4 should be good.
TH ceased from substantial shareholder after their holding transferred to SPV. Wish the turnaround plan give positive impact to the price.
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....
MengYew
818 posts
Posted by MengYew > 2018-12-14 10:02 | Report Abuse
The management noted on the declining of share price. They also pointed out the negative change of investor's sentiment to constructions stocks and admitted the share price is inline with the market outlook.
Nevertheless, the management had stressed that they had 2 contract won this year and achieved satisfactory financial result for YE18. Not too worry, NTA stood at 2.24 as at Sept 18.
That's the summary and what I understand from the query i raised to WCT.
RM 1 by CNY gone......