Posted by albertyek > Jun 8, 2021 8:19 PM | Report Abuse

Highway trusts = Thrust share price,

Posted by Johnzhang > Jun 9, 2021 6:01 PM | Report Abuse

IJM which has no controlling shareholders is truly a public companies owned by many institutional investors and funds . I think IJM’s mgt and BOD are incline to breakup the conglomerate and divest pcs by pcs to realized value for shareholders. First to go is plantation divestment. Follow by divesting the highways including WCE highway to a Trust . And Property and infrastructure unit to follow at much later stage …
Just my view .

Posted by shah800710 > Jun 9, 2021 9:03 PM | Report Abuse

perhaps RM1.5 bilion cash from selling IJMPlant will be use to take WCEHB private

Posted by Johnzhang > Jun 10, 2021 7:16 AM | Report Abuse

@shah800710,. I am not surprised at all if this happens. IJM already own 30% in WCE holding , the listed company. WCE holding own 2 main asset :. 80% WC Expressway and 40% ownership in the 1800 acres Rimbayu development next to kota kammuning. IJM own directly 20% in WCExpressway and 60% in Rimbayu.. Effectively, IJM already own quite substantially , directly and indirectly,. in both assets. After taking full control, IJm will package all its highway asset to fully divest to a trust company or separately list it . This shall create substantially value for shareholders. The Rimbayu project will consolidate under it's property arm and can be further divest as one valuable property company.. conglomerate is breaking up to realize full value

Posted by JL9999 > Jun 10, 2021 8:50 AM | Report Abuse

Privitasing WCEHB is not good for shareholders right?

Posted by Johnzhang > Jun 10, 2021 8:58 AM | Report Abuse

JL9999, good or not depends on the price offered.

Posted by Johnzhang > Jun 10, 2021 9:03 AM | Report Abuse

Conglomerates should take the footsteps of MMC and IJM to get fairer value for shareholders. The market is imposing too much discount to conglomerate which is the holding company! The discount is often 40-70% on total valuation of the individual businesses . Unjustifiably low!
Just breakup the conglomerates !

Posted by JL9999 > Jun 10, 2021 9:19 AM | Report Abuse

@Johnzhang then it definitely bad news, because businessman will never buy a thing at high price.

Posted by Johnzhang > Jun 10, 2021 7:05 PM | Report Abuse

@JL999, agreed that businessman will not buy anything overvalued . They will buy if undervalued or at fair value.
Just like KLK willing to pay substantially more ( 2 times NA value ) to acquire ijmplant. Question we have to ask ourselves whether the businesses IJM own is undervalued. If it is , the undervalued assets can potentially be monetised to achieve fair value for shareholders.

Posted by shah800710 > Jun 12, 2021 10:08 PM | Report Abuse

any potential for the price reach RM1.00？

Posted by Johnzhang > Jun 12, 2021 11:34 PM | Report Abuse

@shah800710, Choivo Capital has a detailed report released on 5/12/20. His assessment is it worth $1.52 based on present value . You may take a look .

Posted by BilisMrJ39 > Jun 13, 2021 11:59 AM | Report Abuse

The warrant F looks more attractive to me than the mother share. Limited downsize and long expiry date.

Posted by shah800710 > Jun 13, 2021 5:07 PM | Report Abuse

the choivo report has been read by some of wce major shareholders and they start nibbling more shares from open market. no wonder the stock price so difficult to go down.

Posted by shah800710 > Jun 16, 2021 7:00 PM | Report Abuse

can the price drop below 0.40？

Posted by Johnzhang > Jun 17, 2021 5:48 AM | Report Abuse

Yes , if nobody buy the stock. But nobody can tell when and what will happen next. As such, before you buy the stock you must first of all believe in the prospect of the company's toll road venture and the 40% investment in the 1,800 acres Rimbayu development with IJM lands .