vespa

Tanjong Karang-Assam Jawa section of West Coast Expressway ready in March 2026, says Nanta
https://theedgemalaysia.com/node/711914

1 month ago

tsfoo

🤦

1 month ago

VincentTang

WCEHB bad qr. Big gap down tomorrow.

1 month ago

Xiao Zheng She

As expected. No gains from the land disposal just like the preceding year, but good news being there's a higher traffic volume, and WCE need to expedite its construction progress

1 month ago

vespa

yes!

1 month ago

BursaKakis

Wcehb - Q4 Mar 24 Report

Concession :

The West Coast Expressway (WCE) Project involves the development of a 233 kilometers tolled highway from Banting, Selangor to Taiping, Perak (including 40 kilometers of highway to be constructed later). The WCE Project is a build-operate-transfer project with a concession period of up to a maximum of 60 years effective from 20 December 2013.

The WCE Project is divided into 11 sections whereby 6 sections have been opened for traffic. These are Section 5 (New North Klang Straits Bypass - Bandar Bukit Raja Utara), Section 6 (Bandar Bukit Raja Utara – Assam Jawa), Section 8 (Hutan Melintang - Teluk Intan), Section 9 (Kampung Lekir - Changkat Cermin), Section 10 (Changkat Cermin - Beruas) and Section 11 (Beruas – Taiping Selatan). The recent opening of Section 11 signifies the full completion of the Perak alignment, spanning 120km within the WCE Project. The opening of Section 11’s Taiping
Selatan provides direct access between our WCE to North South Expressway (NSE) at Changkat Jering in Taiping, Perak, providing immense significance to the region’s economic and infrastructure development.

Traffic volume on the operational sections has witnessed steady traffic growth, with an increase of 37% from the preceding year. The recent openings of Sections 6 and 11 have significantly amplified the WCE’s daily traffic volume. The sectional average daily traffic for 4Q FY2024 increased by a significant 53% compared to 4Q FY2023. During the recent 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 Group expects a further increase once Section 1 and Section 2 are completed
and operational in the near term.

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 RM18.1 million for FY2024, indicating the Group is profitable at an operating level.

The construction of Section 1 (Banting – South Klang Valley Expressway (SKVE)) and Section 2 (SKVE – Shah Alam Expressway (KESAS)) has been completed and is currently at the inspection stage. The completion of these 2 sections will also provide connections to several existing highways, namely the South Klang Valley Expressway (SKVE) and 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.

Construction :

The Group’s construction segment, managed by WCE Maju Sdn Bhd (formerly known as KEB Builders Sdn Bhd) (“WCE Maju”), is focused on the timely execution and completion of its construction projects with a total contract sum of RM400 million. These projects entail a design, build and manage basis, the construction works of a proposed access from West Coast
Expressway to a mixed development project in Kota Seri Langat (“the Seri Langat Project”) and construction works for Section 7, Part 2 of 2 (“Section 7B”) of the WCE Project which is approximately 10km in length from the beginning of the Assam Jawa Interchange towards the Tanjung Karang Interchange.

WCE Maju is focused on ensuring the successful execution of these projects to enhance sustainable growth in the construction segment.

30/5/2024

1 month ago

DestinyL

Ebitda improved q to q

1 month ago

Nepo

you delay your completion date to Mar 2026 and yet you have announced your project to be completed on Mar 25
therefore you company share price will do correction to reflect this situation..

there is no fast route to success and you need to keep your word..

3 weeks ago

vespa

Exactly Nepo, nothing in the qtrly has said what the Minister has stated that completion would be March 2026.

3 weeks ago

shah800710

Buy more at 80 cent so damn cheap!

3 weeks ago

albertyek

yes yes yes perfectly according to my plan

3 weeks ago

vespa

Bitgold that is a surprise

3 weeks ago

Moneymachine

Why 21-06?

3 weeks ago

MarketNavigator

Toll fares to increase from June 21 ?

3 weeks ago

speakup

Yes I hope naik so rakyat will angry at PH so GE16 kalah teruk

3 weeks ago

albertyek

Section 11 is still free so better the toll rates go up...rakyat B40 bodoh sombong malas degil harapkan subsidies only will be angry

3 weeks ago

vespa

speakup...if not for PH the country would be in ruins, we need to harness the resources of the rakyat to better the country.

2 weeks ago

8u29song

what angry....nanti bonus 2 bulan kasi gomen staf, 600 kasi pelajar SPM, 1300 bagi budak kolej and uni. baja free bagi felda settlers.....lagi menang besar....

2 weeks ago

albertyek

Anwar is pro share market so this time better invest properly

2 weeks ago

pang72

If PH kalah next election, WCE may drag till 2030 to complete because all project money will go to buy handbag

2 weeks ago

DestinyL

If still not complete by next election, shareholders might sell dy

2 weeks ago

albertyek

https://theedgemalaysia.com/node/711914

deii tarak baca newspaper kah? Menteri JKR already said last section to be completed by March 2026

2 weeks ago

DestinyL

Supposedly la, so very unlikely will drag until next election

2 weeks ago

skynet2000

First, at Oct-2023, said completed by March-2024.
Then, at Jan 2024, said completed by June-2025.
Now, at May-202, said completed by March-2026.
Next, at Nov-2024, new date-line can be promised.
Hahaha.

2 weeks ago

vespa

True, Ministers are not held accountable and can waffle through their teeth but WCE has made no comments on lateness except Section 7 b is being redesigned and no expected completion date.

2 weeks ago

skynet2000

As long as Sec 7 not completed.
WCE will be like 2-expressway, one for Selangor, one for Perak.
Traveler from Klang while reach Asam Jawa, got to back to old road.
This will discourage traveler to take WCE to Taiping or Penang.
Only festive period, traveler will take this alternative road.

2 weeks ago

skynet2000

As at end 04-24, Sec 7 reached 71%, base on progress of 1% per month,
it take 29 months to complete, which is 09-26.
Therefore, 06-26 still could not be finished.

2 weeks ago

albertyek

i think most of you do not travel much on PLUS thus can make so many armchair assumptions hahahahaa

2 weeks ago

albertyek

try to be friends with more container drivers plying North South route and you will know the truth

2 weeks ago

MarketNavigator

Then what's your assumption about it, albertyek?

2 weeks ago

skynet2000

WCE RATE OF COMPLETION IN % BY SECTIONS & MTHS

SECT____1_____2_____3____4____7____11
KM____11.0___7.2__10.1__4.5___29.5_35.5

09/23___93___87____82___99___64____90
10/23___94___89____83___99___65____93
11/23___95___92____83___99___65____95
12/23___96___93____84___99___66____97
01/24___97___94____84___99___68____99
02/24___98___97____85___99___69____99
03/24___99___98____85___99___70___100
04/24___99___98____86__100___71___100
05/24___99___99____87___99___72___100


Latest announcement said Section 7 completion is 06-26, focus is 06 to 09-26.

2 weeks ago

Bitgold

Anotger 4 trading to go.. 21-06...to break rm0
90

2 weeks ago

DestinyL

Construction is not so straight forward, can't apportion by 1% or whatever amount per month
Want to learn why, read the news in detail and you just might understand why

2 weeks ago

DestinyL

https://metro.sinchew.com.my/?p=5686467

2 weeks ago

vespa

Thanks DestinyL that was helpful.

2 weeks ago

shah800710

Many foreign institutions investors have build their position into this stocks. Potential share price run up in long term

2 weeks ago

albertyek

Never assume always check for facts get your hands on things only then the truth be revealed

2 weeks ago

DestinyL

https://www.youtube.com/watch?v=FcnA2KitMEk

Great, can finally see some structure clearance for section 3 construction!

1 week ago

Bitgold

2 more trading days to go.. Rm0. 90

1 week ago

MarketNavigator

What's that count down, Bitgold?

1 week ago

albertyek

Bitgold has just given the answer of the year

1 week ago

albertyek

This counter is for the long runners..those kicik mayung treat this like bus station pekan surely will kena burn

1 week ago

diuleiloumei

Lembik

1 week ago

albertyek

Tunggu je lah..kicik mayung punters better not play this countrr

1 week ago

treasurehunt

Free toll in Section 11. Bagus!

1 week ago

albertyek

BlackRock going to buy WCEHB? like moon fall unto your lap hahahahaha

1 week ago

speakup

If blackrock buy, we boykot wce share and jalanraya

1 week ago

albertyek

Yes good let them boycott so the highways would not be as congested as of now

1 week ago

MarketNavigator

US wanted to increase their control in jalan raya? 😆

1 week ago

diuleiloumei

Near closing end spike so much, hope it continue monday

3 days ago