9679 WCT WCT HOLDINGS BERHADChanges in Sub. S-hldr's Int (Section 138 of CA 2016)Particulars of ShareholderName:LIM SIEW CHOONNRIC/Passport No./Company No.:-Nationality/Country of Incorporation:MalaysiaAddress:-Descriptions (Class and Nominal Value):Ordinary SharesName and Address of Registered Holder:You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment,please access the Bursa website at http://www.bursamalaysia.com Details of ChangesDate of Notice:02/07/2020Transactions:No.DateTransaction TypeNo of SharesPrice (RM)1.29/06/2020Acquired1,800,000-2.30/06/2020Acquired600,000-3.01/07/2020Acquired437,400-Circumstances by reason of which change has occurred:Purchase of shares in open marketNature of Interest:Direct InterestConsideration:
No of Shares Held After Changes:Direct:86,402,546 shares (6.1900%)Indirect/Deemed Interest:252,151,827 shares (18.0600%)Total:338,554,373 sharesRemarks:You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By: 02/07/2020 05:03 PM
9679 WCT WCT HOLDINGS BERHADShare DividendEntitlement Details:Final share dividend via a distribution of treasury shares on the basis of one (1) treasury share for every one hundred (100) existing ordinary shares held in the Company on 12 August 2020 in respect of the financial year ended 31 December 2019. Any fractions arising from the distribution of treasury shares will be disregarded. Entitlement Type:OthersEntitlement Date and Time:12/08/2020 05:00 PMYear Ending/Period Ending/Ended Date:31/12/2019EX Date:11/08/2020To SCANS Date:Payment Date:Interest Payment Period:Trading of Rights Start On:Trading of Rights End On:Stock Par Value:Share transfer book
many American companies pay share dividend, not cash dividend. wct is smart, undervalued share price. shareholders are happy to accumulate more shares at undervalued price
WCT Holdings Bhd (March 20) Maintain buy with an unchanged target price of 64 sen: Last Thursday, based on a Bursa announcement dated March 19, 2020, the group has accepted a letter of award (LoA) from Jendela Mayang Sdn Bhd. Under the LoA, WCT Holdings Bhd is to undertake superstructure works of the Pavilion Damansara Heights (Parcel 2) mixed development which comprises part of the proposed integrated commercial and residential development.
This is the first contract clinched by WCT this year. We note that as of the end of February 2020, the group’s order book stood at RM5 billion. The new contract award will add another RM1.2 billion which expands the group’s order book to RM6.2 billion. We think that this is a good start to the year for WCT because the group secured only RM119 million worth of new contracts in the previous year (and RM2.67 billion in the year before).
The scope of works under the contract shall encompass the execution and completion of: i) one block of a 32-storey office and hotel on a podium block comprising retail space; ii) mezzanine floors and works on the lower ground floor and basement car park; iii) two blocks of residential towers; iv) hard and soft landscape works and external works (including road and drainage, water reticulation and sewerage); and v) a Mass Rapid Transit link bridge.
Advertisement
The estimated completion period of the Pavilion Damansara Heights project is 42 months. As for the scheduled commencement date, the project is slated to start in May 2020. In addition, we make no changes to our earnings estimates as the value of new job secured is within our contract replenishment assumptions.
We opine this new project win will help to improve investor sentiments towards WCT after it received an unfavourable final award ruling in an arbitration case on March 15, 2020. The downside risk to our call is a delay in the commencement of the job clinched due to the ongoing Covid-19 pandemic.
To recap, on Sept 14, 2018, WCT secured a contract worth RM1.77 billion from Impian Ekspresi Sdn Bhd for the construction and completion of Pavilion Damansara Heights (Parcel 1) commercial development project which comprises: i) nine blocks of office towers and three blocks of serviced apartments on a podium block comprising four retail space floors with one lower ground floor; ii) one mezzanine floor; and iii) eight basement car park floors.
A year after, on Aug 27, 2019, the group accepted a letter of intent from Jendela Mayang for Pavilion Damansara Heights (Parcel 2). — MIDF Research, March 20
company share buyback tan Sri continuous buyback could chase the price up above rm1 easily, he paid rm2.50 for it.
KUALA LUMPUR (Nov 1): Tan Sri Lim Siew Choon, the executive chairman of Malton Bhd, has surfaced as the single largest shareholder of WCT Holdings Bhd after acquiring a 19.67% stake from the private vehicle of WCT Holdings' co-founder and managing director, Peter Taing Kim Hwa.
According to WCT Holdings' bourse filing, Lim, via Dominion Nexus Sdn Bhd, acquired the stake or 245.71 million shares today from WCT Capital Sdn Bhd through a direct business transaction deal.
Although the transaction price was not disclosed in the filing, Bloomberg data showed the shares changed hands in several blocks at RM2.50 per piece. The transacted price represents a 75 sen or 42.85% premium to its closing price of RM1.75 today.
Assuming that all the 245.71 million shares were transacted at RM2.50 per share, it is estimated that Lim has forked out RM614.28 million to WCT Capital, which is co-owned by Taing and Wong Sewe Wing.
Following the share disposal, Taing and Wong, who are two of the four co-founders of WCT Holdings, has ceased to be substantial shareholders of the construction outfit and property developer.
Taing, however, still owns 4.16 million shares or a 0.33% stake in WCT Holdings.
According to Bloomberg, Lembaga Tabung Haji has a 10.19% stake in WCT as at Sept 29, 2016, followed by the Employees Provident Fund with 7.86%, and the Retirement Fund Inc (KWAP) with 6.36%.
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....
SaveMsiaFromPHGov
3,636 posts
Posted by SaveMsiaFromPHGov > 2020-06-17 17:50 | Report Abuse
Still holding