Major shareholders Tan Sri Lim Siew Choon : 25.6% Amanah Saham : 11.1% Foreign Shareholders: 6.2% Tan Sri Jeffrey Cheah Fook Ling : 4.86% Insurance companies: 2.08% Dato Choo Chuo Siong: 1.32%
Outstanding order book as at 31-12-2022: RM3.531 billion
List of Tenders Submitted/Pending Submission (23 Feb 2023): > RM9 billion
By buying over TSR's share of the JV that was contracted to build a shopping mall for Merdeka 118, WCT will probably recognize additional revenue and profits for the year 2023.
KUALA LUMPUR: Construction and property development company TSR Capital Bhd has sold its 49 per cent interest in a joint venture (JV) company with a RM676.8 million contract to build a shopping mall for Merdeka 118 at a "no loss, no gain" basis.
The contract was awarded to the JV company in 2018.
In a filing with Bursa Malaysia Securities yesterday, TSR Capital said its subsidiary, TSR Bina Sdn Bhd (TSRB) sold its interest in WCT TSR Sdn Bhd for RM1.47 million.
TSRB has also derecognised its share of profits of investment in JV up to June 30, 2022 amounting to RM4.478 million.
Maybank Investment Bank did a trading ideas Youtube video on WCT in their 15 Sept 2023 Trading Ideas video (https://youtu.be/rIk69xVlJCc?feature=shared). It's a buy from them. I too did my own analysis and came to the same view, it's a buy from me too from my own trading and technical perspective. If you would like, do watch and support the video where I breakdown my simple view on the charts. Link to my video as follows https://youtu.be/bR7WaPkK01I
Construction stocks on the rise since July this year. All now in motion for higher action hopefully with upcoming Budget coming Friday. My technical chart review of the construction sector and WCT, both are bullish, and hope to see more upside. Gambateh. If you are keen to watch a more in depth view on why it looks bullish, do consider watching this short video I did on the Construction Index, WCT and Widad. Link here https://youtu.be/JqtlWSvRchs
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....
Superb99
6,603 posts
Posted by Superb99 > 2023-03-09 09:19 | Report Abuse
this one still struggling, headless stock