Took some profit on WCT @ 56.5c...very lucky coz I pressed the SELL button just seconds before some fund dumped onto 56c & the quote changed to 55.5/56 =)
万事俱备,只 欠东风!hope wct will recover soon. The big boss already collected a lot of free floating shares from the open market after epf and others sold in open market.
QR already out in bursa company announcement website. Can go to read. Personally, I don't think it is that bad. However, let read analysis report by IB later. They are the experts in financial research.
Haha ha.. No one knows what is going to happen tomorrow. But I will just hold first until I read the analysis report. Normally, just 2 or 3 days, the report will out. Unless you are playing contra, if not, better just hold. Just my opinion.
WCT has 5 malls and 2 hotels, so the impact of Covid2019 will be higher than its Construction peers. If you read Qtr Rpt, all their business segments is churning a operating profit. With more people being vaccinated, govt says no more MCO, i believe the share price will recover. The major shareholder buying is a testament to my view. WCT is proposing a final dividend of 1 treasury share. If we look at GenM, report staggering loss but price is upwards
For WCT, if the worst is over, then probably the future will be getting brighter.. usually fund managers bought the share looking at 6-12 months ahead.. traders will usually sell first, good luck All
Big boss definitely bought for long term. Construction is recovering... Wct is one of the best contractors. 2020 was a bad year for businesses. If drop back to below 0.50, sure will collect more. As I said, bad QR was due to huge impairment of assets. Don't think wct is in trouble.
I think the catalyst now and going forward will be speed and success of vaccination, reopening of state borders as recovery themes, plus stability of politics and expectations of GE15 and eventually much anticipated 12th Malaysia and revivals of large infrastructure projects
The boss obviously knows about the company results but he is steadily buying in. As recovery kicks in along the way, the price is likely to recover. If not mistaken, WCT was 80 sen to RM 1 range before MCO1.0. if we apply GenM as example, GenM price now (RM 3.18) is even higher than it was in Feb 20 (RM 3). The market is pricing in optimism and recovery theme.
Hi Phyroxus, not necessary down. When GenM and Airasia report billions of losses, the share price is green. As i say, market is pricing in optimism amidst a recovery
@interkool78, usually market will have reaction since price up lot, it will go down with this unexpected result, consolidate again only can up, AA pattern also same.
Dont panic. Study the quarter report. He got 5b worth of order from engineering sector waiting to resume work. and KLIA2 reopen for business so his property investment and management sector is also profiting now.
If not because of the downturn of construction, wct also wouldn't be at current cheap price. Anyway, wct is super undervalued, just keep it for longer term and wait for recovery. Hope the big boss not going to take me to Holland.. Haha ha..
Govt wants to push agenda of Malaysia becoming high income nation and for this to happen is to bring in large scale projects and construction to drive this. Lets be patient. This will happen subsequent to Covid2019 recovery
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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....
sunnyguy
145 posts
Posted by sunnyguy > 2021-03-10 22:07 | Report Abuse
QR by this month end