WCT reported 1QFY19 earnings of RM10m (against losses QoQ, -77% YoY) which were below our expectations and consensus. Core earnings are adjusted for land disposal revenue and gain of RM55m and RM30m respectively. The deviation was mainly due to lower than expected property development contribution and higher tax rate. WCT’s current orderbook stands at c.RM6bn which translates to a healthy cover of 3.2x on FY18 construction revenue. Given the substantial amount of jobs secured last year (RM2.67bn), focus will be on execution of current jobs on hand and hence, FY19 orderbook replenishment target is much lesser at RM1.0bn. Cut FY19-20 earnings by 3-6%. Maintain SELL with lower TP of RM0.50 (from RM0.51). Our TP implies P/E of 10.6x for FY19, 8.5x for FY20 and 7.2x for FY21. Despite the healthy orderbook level, the persistent weakness in the property market is a major headwind for its de gearing initiatives.
Maintain sell at rm0.5 TP.sailang lor...really despache bring you guys to HOLLAND
Cimb said can up to 1.38, why don't say? Many target prices are around 0.9 also. Ha ha.. I asked people to stop and I start it again with you.... Enough is enough.
According to your short 2 page historical remarks...u averaged down at 0.90...means u could have bought above 1.00...not difficult to dig out the truth @Lingkeeman....u have my sympathy...that's HUGE paper losses u are suffering...hope u didn't sailang...sailang not my style...too risky.
Ya..i sold d.losa a bit no prob.big deal....i dare admit i make losses in dwl.but its ok.i earn in other counter short and long term.why so revengeful?im merely telling the others here on the danger wct counter.many investment already put lower Target PRICE of 0.5.dont blame me o.go scold those ppl.im telling the truth
All the investment firm said so.if not happy then to complain to BNM why keep degrading this counter.but overall i believe they said so cos they already research properly and warning everyone here dont keep buying.5 investment firm said SELL
Maintain SELL, TP: RM0.50. Maintain SELL rating with lower SOP-driven TP of RM0.50 (from RM0.51). Our TP is derived from 50% discount on SOP value of RM1.00. Our TP implies P/E of 10.6x for FY19, 8.5x for FY20 and 7.2x for FY21. Despite its healthy orderbook level, we reckon that the weakness in the property market could derail its de-gearing plans.
Source: Hong Leong Investment Bank Research - 3 Jun 2019
@Ling Kee Man no worries bruhh, I won't attack you anymore. I can totally understand your feeling now HAHHAHAHA feel free to bs here as much as you want and I will support you when necessary, really. Damn this @Depeche like that screw your counter zz HAHAHA I'll help your DWL okay? Hi-5?
Lol im not holding any DWL share.already release it d.small loss but no worries.im here to warn the others that this counter is having all SELL and HOLD call.dont make mistake like what happen to me :)
Aiya @Chunlokelow...If u read my posts carefully...i wasn't screwing anyone...but warned newbies and investors there not to buy above 1.00...i predicted mother will go below 1.00 and warrant below 0.40....lol好人难做! Hahaha
I studied DWL's price movement since April and started warning interested buyers of the danger...scroll back to my posts in DWL..my conscience is clear as spring water....hahaha
Haha good new low.but none of my prob.ady release long time ago lor...u still harping over nothing hahahahah.but one thing for sure WCT also heading there too.probably even lower.as predicted by investor firm at target point WCT is RM0.50
Forecast. In view of the lower than expected results, we cut FY19-20 earnings by - 3.2% and -6.4% respectively after factoring in lower property development contribution and higher tax rates. We introduce our FY21 earnings forecast of RM97.3m.
Trying to divert the conversation that this counter has been tagged as OVERBOUGHT or Goreng?good try bro.im already earning at dolomite.the loss after letting go at DWL is small matter.while you guys here are praying everyday and trying to lure investor to get trapped,knowing that it might fall down to rm 0.50
Those outside investor read the report first before buying.FYI,i never make up those report so there is no way i am BS unlike Despche and chun loke low
Why?butthurt cos what i said is true?come on,lets be nice and dont lie to the other innocent investor.thats what despeche taught me all this while.and all the report doesnt lie too.all stated SELL CALL with TP rm0.50 for WCT
EPF is still selling, but support above 0.90 so far so good. Foreign fund is coming into the market again for the last few days, if overall market sentiment is improving, price should be going up. Don't think will go down to 0.50, this target price was set long time ago, check the info properly, Desmond Lim sapu a lot around 0.8 before it went down below 0.7, EPF was collecting a lot at this level also. I wish I bought a lot more around 0.7-0.8. I had seen best promoter and best bad mouth person come and go,.......just mind your own money.
@ling ah Ling...why u step on people's tails at Naim...that counter is 100 tImes better than DWL...now you are the target there...people shopping undies for u...don't kacau kacau already...be a good boy and put your money in FD...you like to chase high and sell low...this time u luckily escaped at Dolomite....otherwise, you will be hung up high like DWL too...never learn your lesson....愚子没药救.
Lol naim is a political company in sarawak.their property all getting stuck and not selling.like cold meat in the fridge.same goes to WCT.where big shark throwing shares out.fundamental knowledge about share buying.follow the shark.simple rule
Since you claim you are the preacher of all good share.why are u promoting share that EPF is throwing?oh,i forgot.u got a number of lot share stuck up high
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....
Sharefisher
5,470 posts
Posted by Sharefisher > 2019-06-03 17:24 | Report Abuse
Enough...... So far so good lah..... Price wouldn't affected by our comments here.