WCE HOLDINGS BERHAD

KLSE (MYR): WCEHB (3565)

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Last Price

0.79

Today's Change

+0.005 (0.64%)

Day's Change

0.785 - 0.80

Trading Volume

633,200

Overview

Market Cap

2,607 Million

NOSH

3,300 Million

Avg Volume (4 weeks)

770,542

4 Weeks Range

0.76 - 0.81

4 Weeks Price Volatility (%)

60.00%

52 Weeks Range

0.675 - 1.12

52 Weeks Price Volatility (%)

25.84%

Previous Close

0.785

Open

0.79

Bid

0.79 x 213,600

Ask

0.795 x 68,700

Day's Range

0.785 - 0.80

Trading Volume

633,200

Financial Highlight

Latest Quarter | Ann. Date

30-Sep-2024 [#2] | 28-Nov-2024

Next QR | Est. Ann. Date

31-Dec-2024 | 26-Feb-2025

T4Q P/E | EY

-21.80 | -4.59%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.29 | 2.74

T4Q NP Margin | ROE

-30.13% | -12.59%

Market Buzz
Company Profile

Sector: CONSTRUCTION

Sector: CONSTRUCTION

Subsector: CONSTRUCTION

Subsector: CONSTRUCTION

Description:

WCE Holdings Bhd along with its subsidiaries is involved in investment holding. The company has toll concession, construction and others segments. Toll concession segment covers construction, management and tolling of highway operation. Construction segment comprises construction contracting and others segment includes leasing, management services and investment holding. The company mainly operates in Malaysia. Majority of its revenues come from toll concession segment.

Discussions
9 people like this. Showing 50 of 5,818 comments

bull500

That's good, thanks

2 months ago

newbie5354_

Even WCE get Banting to Gelang Patah highway concession so more loss ahead? How many years WCE run current highway still loss?

2 months ago

newbie5354_

If loss continue not RI ahead?

2 months ago

vespa

Poorly managed....best have emigrated leaving rubbish to run companies

2 months ago

Bitgold

Black Rock own wcehb 0.2%...till today

2 months ago

MarketNavigator

Is BlackRock on the top 30 shareholder list?

2 months ago

Bitgold

Another company from virginia island have 10% wcehb share

2 months ago

Bitgold

Total warrant issue 452milliin share ..400 million + had converted ...market left not more then 50 million warrant

2 months ago

diuleiloumei

PN17 please

1 month ago

BursaKakis

Q2 Sep 24 report dated 28 Nov 2024

Revenue improved by 100 % QoQ from RM75.570m to RM151.162m and net loss reduced by 59% QoQ from (25,858m) to (RM10,584m)

During the quarter under review, Section 1 (Banting – SKVE) of the WCE Project opened for
traffic on 31 August 2024 and toll collection commenced on 30 September 2024. The recent
openings of Sections 1, 6 and 11 have significantly amplified WCE’s daily traffic volume,
whereby the sectional average daily traffic for the current financial period increased by a
significant 83% compared to FY2024. During the Raya festive period in April 2024, the traffic
volume achieved a peak of 350,000 sectional average daily traffic, a significant 150% surge from
the previous record in December 2023 of 140,000 sectional average daily traffic.

The concession segment has reported a loss before tax in the current quarter mainly due to interest
expense incurred in relation to project financing for completed sections of the WCE Project. In
accordance with MFRS 123, an entity shall cease capitalising borrowing costs when substantially
all the activities necessary to prepare the qualifying asset for its intended use is complete. The
interest expense was capitalised as part of the infrastructure development expenditure prior to the
completion of construction works. Upon the completion of sectional construction, the interest
expense for these sections will be charged to the statement of profit or loss. The Group is expected
to incur losses in the early years of toll operations due to the cessation of capitalisation of interest
expenses for completed sections. Despite the loss before tax, the Group recorded an earnings
before interest, taxes, depreciation and amortisation (EBITDA) of RM38.2 million for 2Q
FY2025 (2Q FY2024: RM10.6 million), indicating the Group is profitable at an operating level.

The construction of Section 2 (SKVE – Shah Alam Expressway (KESAS)) has been completed
and is currently at the inspection stage with an opening date imminent. The completion of this
section will also provide a connection to the Shah Alam Expressway (KESAS), which would
enhance the accessibility and connectivity of these areas along the alignment.

The construction for the final 3 sections namely, Section 3 (KESAS – Federal Highway Route 2),
Section 4 (Federal Highway Route 2 – New North South Klang Straits Bypass (NNKSB)) and
Section 7 (Assam Jawa – Tanjung Karang) is currently ongoing.

Going forward, the additional sectional toll revenue is expected to further improve the future
financial performance of the Group in terms of cash flows and operating results. In the long run,
once the entire alignment of WCE is fully operational, the Group expects a shift towards
profitability as revenue growth outpaces interest cost.

1 month ago

Bitgold

Means another 5x Rm10 million or less to complete the highway ....Heng .ong ..huat

1 month ago

MarketNavigator

Nice 👍 I guess WCE is likely to turn green in Q3 / Q4

1 month ago

lai63

May I enquire,
Is this wcehb-wf, the conversion price 39 cents
is maintained throughout till expiry on Nov 2029?

1 month ago

vespa

The exercise period of the Warrants comprises the period commencing from the issue date of the Warrants up to the market day immediately before the 5th anniversary of the issue date of the Warrants ("First Exercise Period") and the period commencing from the 5th anniversary of the issue date of the Warrants up to the market day immediately before the 10th anniversary of the issue date of the Warrants ("Second Exercise Period") ("Exercise Period"). The Warrants entail a step-up pricing mechanism whereby the exercise price for the First Exercise Period is RM0.39 and the exercise price for the Second Exercise Period is RM0.45. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid or have any effect. This Announcement is dated 22 November 2019.

1 month ago

speakup

Wce share price has ran far ahead of fundamentals. Its already pricing in full completion of highway plus giving dividends

1 month ago

lai63

Vespa,
So now, any still existing wcehb-wf. Their conversion price is 45 cents or 39 cents?

1 month ago

Bitgold

Now exercise price Rm0.45 ..already reflect on it...

1 month ago

Bitgold

Wcehb just put a sign board at Changkat Jering ...to klang n KL...trafic increase 30% on section 11 ..on my count

1 month ago

Bitgold

For sure ..may 2025 will get profit....hopefully will get 1 million profit on feb 2025 report

1 month ago

Bitgold

Base on Tol collection 35 million on year end peak season n 200 million on very active construction

1 month ago

Bitgold

Q2 construction 39 million
Q3 construction 157 million
Q4 construction 200 miliion (hope laah)

1 month ago

stainlyho37

the remaining hw construction progress very slow.....???!!! very month 1~2% different ???!!...wait until neck also long.....

1 month ago

Bitgold

THE report is not reflect the actual progress ...fasten sit belt this few day

1 month ago

Bitgold

Wcehb wf very cheap

1 month ago

vespa

Section 2 ??? opening imminent another faux pas… one blunder after another.

1 month ago

vespa

charlatans

1 month ago

Bitgold

THE ceo promise !!!!!!....ai ....

1 month ago

Bitgold

Section 2???? We need to know

3 weeks ago

Bitgold

https://youtu.be/NGkSqZIqQNU?si=xBuPsvW3WoNax280
Section 2 going to open before CNY

2 weeks ago

stainlyho37

looks good now.....watch out..!!

2 weeks ago

pampers

The problem about wce is the delay for its completion... If u let a China construction company to do it, it will get it done before deadline... As long as they dont finish THE most important section 7 Asap, Wce can never fly

2 weeks ago

speakup

where is section 7?

2 weeks ago

vespa

pampers you are so right..

2 weeks ago

Bitgold

Next month qtr report may have profit

2 weeks ago

vespa

Will be Ebitda positive perhaps.. with Sections open interest payments are recognised and not capitalised..

1 week ago

Nepo

Hi wondering why Section 7 construction so slow..? From March 24, 70% to Dec 24, 77%, 10 months only progress by 7%..

1 week ago

Bitgold

Section 7 ..progress very very fast ..but focus on bridge n fly over but no bitumen section ...construction revenue increase from rm39 million to rm151 million

1 week ago

Nepo

i see, thks Bitgold

1 week ago

Bitgold

Section 2 open soon ?

5 days ago

vespa

incompetence either on management or the approving authorities...quite farcical for a "third world category" infrastructure project.. the best have left

3 days ago

Bitgold

Rm0.775 ....buy fast ...below Rm0.80 will become history

1 day ago

vespa

Joke is on shareholders

2 hours ago

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