Group managing director Datuk Lee Tuck Fook (pic) said the group’s engineering and construction division will continue to focus on project execution and it would continue to be supported by an outstanding order book of over RM5bil.
KUALA LUMPUR: WCT Holdings Bhd aims to focus on maintaining a healthy financial and cash flow position, as well as continue to drive its core business activities in the 2020 financial year (FY20) to mitigate the impact of its declining revenue.
In FY19, group revenue dipped to RM1.84bil from RM2.30bil in the preceding year.
WCT recorded a net loss of RM27.3mil in FY19 compared with a net profit of RM106.00mil in FY18 (restated).
Group managing director Datuk Lee Tuck Fook (pic) said the group’s engineering and construction division will continue to focus on project execution and it would continue to be supported by an outstanding order book of over RM5bil.
The division recently secured a building construction job worth RM1.2bil for the superstructure works for Phase 2 of Pavilion Damansara Heights in March 2020.
Meanwhile, the property development division will continue its efforts to reduce unsold properties, drive future sales as well as divest undeveloped land to improve operating cash flow.
“For our retail malls, we will continue to extend support to our tenants to ride through this challenging period.
“We will also introduce new promotions and activities to drive higher customer footfall and increase consumer spending, while observing preventive guidelines issued by the local authorities.
“ This is to safeguard the safety and wellbeing of our tenants, shoppers and employees, ” he said in a statement released after the company’s annual general meeting yesterday.
Lee said WCT’s performance in the current financial year had been affected by the impact of the Covid-19 pandemic.
“The extent of the impact of the Covid-19 on the group’s financial results would depend on various factors, including the speed of economic recovery, both domestically and internationally, as well as when the pandemic can be effectively contained, ” he added. — Bernama
desmond lim is the sifu of the buyer of oversea enterprise, anzo, etc, market people talk, tak tau benar ke. if it is true, wct shares goreng time will come soon
WCT HOLDINGS BERHAD Entitlement subjectShare DividendEntitlement descriptionFinal 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.Ex-Date11 Aug 2020Entitlement date12 Aug 2020Entitlement time05:00 PMFinancial Year End31 Dec 2019Share transfer book
wct shares could be the next goreng king, EPF and tabung Haji cluster had ceased to be the shareholders, driven the share price to be extremely low and oversold
Maintain HOLD, TP: RM0.47. We remain concerned on its gearing as well as future earnings profile underpinned by its exposure to retail and hospitality segments. This is largely offset by its lower-end valuations at a measly 0.22x P/BV. Given this, maintain HOLD rating with unchanged SOP-driven TP (40% discount) of RM0.47. Our TP implies FY20/21/22 P/E of 17.2x/9.3x/7.6x.
Source: Hong Leong Investment Bank Research - 6 Jul 2020
WCT Group was first established with the incorporation of WCT Earthworks & Building Contractors Sdn Bhd on 14 January 1981 and subsequently changed to its current name, WCT Berhad (“WCTB”). WCTB made its debut on the Second Board of the then Kuala Lumpur Stock Exchange now known as Bursa Malaysia Securities Berhad (“Bursa Securities”) on 16 February 1995 and was subsequently promoted to the Main Market of Bursa Securities on 7 January 1999.On 8 July 2013, WCTB successfully undertook an internal reorganisation and had transferred its listing status to WCT Holdings Berhad (“WCTH”). Consequently, the WCT Group’s various business operations have now come under WCTH.
WCTH is an investment holding company with an investment in two main subsidiaries, WCTB and WCT Land Sdn Bhd which are primarily involved in engineering and construction, property development and investment & management activities.
WCT Berhad Engineering and Construction Division – the principal activities of the division are engineering works specialising in earthworks, construction of expressways and highways, buildings, related infrastructure works and provision of management services.
WCT Land Property Development and Investment & Management Division - the division is mainly engaged in the development of residential properties, integrated townships and commercial properties. It is also engaged in the ownership and management of shopping malls, office buildings, hotels and concession assets.
From a humble beginning in 1981 as a one-machine company involved in earthworks, WCT has grown to the size, scope and strength it has today and in the process, evolved into a global brand, recognised for its ability to deliver world-class quality. Over the years, the company has grown to be one of Malaysia’s leading engineering & construction companies and property developers.
WCT's scope of engineering and construction expertise covers F1 racing circuits, airports, dam and water supply scheme, expressways and highways, civil works, rail-based infrastructure works and specialised buildings such as shopping complexes, hospitals and government administrative centres.
The Group’s property development portfolio includes townships, luxury homes, high-rise residences, integrated commercial developments, concession assets, office towers, hotels and shopping malls. WCT currently has a land bank of approximately 820 acres in Malaysia.
The Group owns five shopping malls/centre - Bukit Tinggi Shopping Centre in Klang, the airport mall - gateway@klia2 and SkyPark Terminal in Selangor, Paradigm Mall in Petaling Jaya and Paradigm Mall in Johor Bahru. The Group also owns Première Hotel in Klang and New World Petaling Jaya Hotel in Petaling Jaya. In 2018, WCT ventured into the development and management of commercial and aviation-related infrastructure and facilities at the Sultan Abdul Aziz Shah airport terminal in Subang, Selangor.
In recent years, WCT started embarking actively on sustainable construction and has received various green building rating awards for its projects including the LEED Silver Certification under LEED 2009 Core and Shell Development for the airport mall, gateway@klia2; Green Building Index (GBI) Gold for the Ministry of International Trade & Industry (MITI) Headquarters; GBI Silver for Lot 2C5, Putrajaya (Commercial Office Building) and GBI Certified for the MyTOWN Shopping Centre.
With a workforce of over 2,000 people, the Group’s global presence can be seen in 6 countries ranging from Malaysia and Qatar, to UAE, Bahrain, India and Vietnam.
Desmond Lim & wife also the largest unitholders together :)
Pavilion Reits
Major Unitholders (5% and above) as at 31 January 2020 No Name of Unitholders Direct Interest No. of Units % Deemed Interest No. of Units % 1. Qatar Holding LLC 1,008,900,000 33.18 – – 2. Tan Sri Lim Siew Choon 845,425,000 27.80 – – 3. Puan Sri Tan Kewi Yong 281,875,000 9.27 – – 4. Employees Provident Fund Board 268,704,403 8.84 – – 5. Kumpulan Wang Persaraan (Diperbadankan) 185,874,500 6.11 – –
Desmond lim & wife also the largest shareholder together in Malton :)
Malton Bhd DIRECT AND DEEMED INTEREST OF DIRECTORS IN THE ORDINARY SHARES OF MALTON BERHAD AS AT 2 OCTOBER 2019 Direct Interest Deemed Interest Names No of Shares % No of Shares % Tan Sri Lim Siew Choon - - 197,531,489* 37.40 Guido Paul Philip Joseph Ravelli - - - - Puan Sri Tan Kewi Yong - - 197,531,489* 37.40 Chua Thian Teck - - - - Hong Lay Chuan - - - - Hj Ahmad bin Hj Ismail, PJK - - - - Dato’ Siew Mun Wai - - - - * held via Malton Corporation Sdn Bhd
Paradigm Mall Johor Bahru opened its doors on 28 November 2017. The mall is developed by WCT Hartanah Jaya Sdn Bhd, a subsidiary of WCT Holdings Berhad. Located at Jalan Skudai, the seven-storey mall houses over five hundred retail shops operating on 1.3 million square feet (sq. ft.) of retail space. Paradigm Mall Johor Bahru is part of a carefully-crafted 13-acre integrated development that will later include a proposed 200-room business hotel and a 24-storey serviced apartment.
Paradigm Mall Petaling Jaya is part of the RM1.8 billion dynamic Paradigm integrated commercial development, WCT’s first commercial development in Petaling Jaya that comprises The Ascent – a 32-storey corporate office tower, The Azure Residences
The Group’s largest retail mail, Paradigm Mall Johor Bahru opened its doors on 28 November 2017. Located at Jalan Skudai, the 7-storey mall houses over 500 retail shops operating on 1.3 million sqft of retail space. The mall is part of a carefully-crafted 13-acre integrated development that will later include a proposed 200-room business hotel and a 263-unit freehold service residence.
4 Feb 2017 · 18 TAN SRI DESMOND LIM SIEW CHOON ... Lim has a 35.3% stake in Malton and a 37.4% equity in Pavilion Reits, the latter accounting for a big chunk of his ... 20 TAN SRI LIM WEE CHAI
can monetise it? KLIA2 INTEGRATED COMPLEX, SEPANG, SELANGOR, MALAYSIA (2011 - 2046) Shopping Mall (2011 – 2046)
WCT clinched from Malaysia Airports Holdings Berhad a long-term contract to build and maintain klia2 Integrated Complex within the new low-cost carrier terminal in Sepang, Malaysia. The concession began in August 2011 and runs for 25 years with an option to extend for 10 more years.
The contract covers the building and maintenance of gateway@klia2 within the Kuala Lumpur International Airport 2 (klia2), and the business successfully commenced on 2 May 2014.
Belum siap? Ada lagi? On 5 October 2017, WCT Berhad clinched its third LRT3 contract worth RM640 million from Prasarana Malaysia Berhad to undertake and complete the Package GS02 of the 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.
Earlier, WCT Berhad had secured two LRT3 contract packages, namely Package TD1 – construction and completion of Johan Setia Depot (Phase 1) and associated works for a contract sum of RM185.9 million in April 2017 as well as Package GS03 – construction and completion guideway, stations, park and ride, ancillary buildings and other associated works for a contract sum of RM840.0 million in August 2017.
The total length of Package GS02 is approximately 2.9km from Merchant Square to Suria Damansara with 2 stations. It is adjoining to the 2.8km guideway under Package GS03 from Suria Damansara to Temasya Glenmarie, making it a total length of approximately 5.7km long.
Package GS02 is expected to be completed in 35 months from the date of the Letter of Acceptance.
LRT3 is a double-track rail alignment of approximately 37km long with 26 stations covering the areas of Bandar Utama, Shah Alam and Klang, before terminating at Johan Setia in Klang.
any new mrt project for wct? On 14 November 2016, WCT accepted an RM896.41 million contract from Mass Rapid Transit Corporation Sdn Bhd to undertake and complete the Work Package V204 for the construction and completion of viaduct guideway and other associated works from Bandar Malaysia South Portal to Kampung Muhibbah.
The scope of work of this MRT project covers soil investigation, traffic management and diversion, safety, health and environmental management, site clearance, demolition and earthworks, ground treatment, protection
belum siap? :) PAVILION DAMANSARA HEIGHTS (PARCEL 2), PUSAT BANDAR DAMANSARA, KUALA LUMPUR, MALAYSIA On 19 March 2020, WCT had accepted a contract worth RM1.2 billion from Jendela Mayang Sdn Bhd for the superstructure works of the Pavilion Damansara Heights development Parcel 2 project. On 21 December 2018, WCT Berhad jointly together with TSR Bina Sdn Bhd were awarded the RM676.8 million main contract work for a shopping complex by PNB Merdeka Ventures Sdn Bhd. Following the acceptance of the contract, WCT Berhad and TSR Bina Sdn Bhd formed WCT TSR Sdn Bhd, an incorporated joint venture company in the ratio of 51:49 to undertake the contract.
The scope of work includes the construction and completion of an 8-level shopping complex podium, including the architectural works for the basement, retail area, residential drop-off and core, tower link bridge and external works.
The works commenced in January 2019 and is expected to complete within 30 months (2.5 years) from the commencement.
To date, WCT has completed more than 10 shopping mall projects and this contract win represents WCT’s third ongoing shopping mall project. On 14 September 2018, WCT executed a Trade Contract to undertake a RM555.0 million Proposed Commercial Mixed Development works by Lendlease Projects (M) Sdn Bhd, following the execution of the Preliminary Works Agreement on 12 July 2018.
The scope of work includes the construction of 4 levels of shopping complex, 3 levels of car park, 1 level open landscape with retail space and 1 information centre (future development), future development plot, on Lot PT157, Seksyen 67, Jalan Tun Razak / Jalan Davis, Bandaraya Kuala Lumpur.
The works are expected to be completed within 104 weeks from August 2018.
No. Names No. of Shares %*
1. UOBM Nominees (Tempatan) Sdn Bhd
(Pledged Securities Account for Dominion Nexus Sdn Bhd)
252,151,827 18.06
2. AmanahRaya Trustees Berhad
(Amanah Saham Bumiputera)
80,881,625 5.79
3. AmanahRaya Trustees Berhad
(Amanah Saham Malaysia 2-Wawasan)
42,123,254 3.02
4. Cimsec Nominees (Tempatan) Sdn Bhd
(CIMB Bank for Tan Sri Lim Siew Choon (PBCL-0G0591)
41,837,700 3.00
5. Tan Sri Lim Siew Choon 41,227,446 2.95
6. DB (Malaysia) Nominee (Tempatan) Sendirian Berhad
(Deutsche Trustees Malaysia Berhad for Hong Leong Value Fund)
36,110,900 2.59
7. Cheah Fook Ling 32,185,276 2.31
8. AmanahRaya Trustees Berhad
(Amanah Saham Malaysia)
26,700,634 1.91
9. Cimsec Nominees (Tempatan) Sdn Bhd
(CIMB Bank for Choo Chuo Siong (PBCL-0G0551))
26,385,500 1.89
10. Citigroup Nominees (Tempatan) Sdn Bhd
(Exempt AN for AIA Bhd)
26,073,093 1.87
11. Citigroup Nominees (Tempatan) Sdn Bhd
(Employees Provident Fund Board (AsianIslamic))
23,092,975 1.65
12. Citigroup Nominees (Tempatan) Sdn Bhd
(Great Eastern Life Assurance (Malaysia) Berhad (LSF))
20,899,922 1.50
13. AmanahRaya Trustees Berhad
(Public Islamic Opportunities Fund)
16,453,234 1.18
14. HSBC Nominees (Asing) Sdn Bhd
(JPMCB NA for Vanguard Total International Stock Index Fund)
16,288,421 1.17
2020 MALAYSIA'S 50 RICHEST NET WORTH$470M as of 3/4/20 Property tycoon Desmond Lim Siew Choon started developing houses, condominiums and office towers with property company Khuan Choo Group in the 1980s. Lim was a billionaire in 2017 before missing the cut after that. His crown jewel is Pavilion Mall, a shopping center in the heart of Kuala Lumpur. The mall is a key asset of his Pavilion Real Estate Investment Trust, in which he and his wife own 37%. Lim also holds a stake in Hong Kong-listed Nan Hai, a consumer-electronics manufacturer and property developer.
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
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Posted by Sharefisher > 2020-08-06 16:34 | Report Abuse
Lol.... Must be from tanjung rambutan...