Highlights

Stock Price Target

 
Search
Recent Price Targets: [Sign In or Register (FREE) to view]
 
KLSE: WCEHB       WCE HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.655 1.16     +0.505 (77.10%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
No Price Target available for this stock.





  5 people like this.
 
5354_ When can start to collect toll? 2020?

alone Only 5 section between 70-92% complete... Need more time to go
15/11/2018 20:17
02/01/2019 5:20 AM
paperplane 2019 start partially right
02/01/2019 8:02 AM
commonsense Hi RainT,

I think the reason to why the share price went down was due to the cost escalation of the West Coast Expressway (WCE) project from the initial RM5.94bil to now RM6.69bil. The impact to shareholders is that now they will need to fork up more money to be injected into West Coast Expressway Sdn Bhd (WCESB) which is 80% owned by WCEHB. Total equity to be injected has gone up to RM1.56bil from the initial RM1.2bil.

As of Nov 18, the company has already injected a total or RM600 mil. The announced RCULS is expected to add another RM318mil additional equity injection into WCESB which brings the total amount to RM918mil. So, the company still need to raised another RM642mil from equity after this.

Basically, if you decide to invest into this company you need to prepare another RM0.50 per share for the RCULS subscription and another RM0.62 per share for future equity fund raising. This brings the total additional cash to be invested to RM1.12 per share (on top of the current share price of RM0.495). Off course you can always decide not to subscribe to any of the fund-raising exercises but it will dilute your position later.

You can actually read all this info from the 28th Nov 18 announcement. http://www.bursamalaysia.com/market/listed-companies/company-announcem...

If you are looking to diversify your portfolio outside of WCE Holdings (due to funding uncertainties of WCE project), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.0x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.
04/01/2019 10:55 AM
commonsense Hi paperplane,

Management is targetting a partial opening of the highway by june this year. But overall completion is only expected by august 2022.

Good luck.
04/01/2019 5:12 PM
RainT wah 2022

need at least more than 4 years then only can see good profit in accounts

when start complete ,need charge this and that interest expenses to profit , depreciation
and others

come back after 4 years ?

but after 4 years , the share price will not be RM0.51 anymore
13/01/2019 10:29 PM
ciaksai Why must believe non-shareholder?

Posted by commonsense > Jan 4, 2019 05:12 PM | Report Abuse
Hi paperplane,
Management is targetting a partial opening of the highway by june this year. But overall completion is only expected by august 2022.
Good luck.
13/01/2019 10:43 PM
paperplane Cheers. This project cost how much, concession how long,traffic projection, toll rate etc....Cost per km???hehe
13/01/2019 10:45 PM
alone Hold and see...
Will not up until the right issue come out...
It give us a great opportunity to buy in wcehb at 32sen....
14/01/2019 11:14 PM
RainT When the right issue will come out ?
16/01/2019 4:49 PM
Mar Yung Chern felicity still hold this stock?
16/01/2019 5:51 PM
commonsense Hi Ciaksai,

Please refer to company's announcement in relation to the right issue.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5988913

Refer to page 9 for the details on the delay of construction to August 2022.

For the increase in project cost to RM6.69bil you need to read the paragraph before the summary table. Below is an extract from page 10:

"In view of the above, the project cost for the WCE Project will now increase further by
approximately RM0.57 billion to RM6.69 billion (from the RM6.12 billion announced in the
RCULS Announcement). Such increase in project cost will have to be funded by the
shareholders of WCESB on a pro-rata basis and hence the Equity Contribution will increase
from RM1.38 billion to RM1.95 billion. Based on the Company’s 80% equity interest in
WCESB, the Company is now required to inject RM1.56 billion in the form of equity,
convertibles and/or subordinated advances into WCESB, in order to fulfil its share of the
Equity Contribution."

Hi RainT,

They still have yet to finalised on the right issue date (other terms will be the same as the link above). They are trying to get approval from Bursa for non residents shareholder to participate in the right issue.

Regards.
18/01/2019 11:20 PM
RainT read back the past interesting comments

seem interesting

i feel WCEHB prospect still not change , still remain the same

Just this project completion is delay a bit and cost of project have up a bit

but once completed , the toll collection as cash cow will good, and also WCEHB is pass by main area where the traffic tend to be good
24/01/2019 4:01 PM
uptrending Nobody care about the share. Not even IJM, Surin or Pang the 3 major shareholders. Just let the share price drifted pathetically downward, aiming for 32 cents, the indicative RCPS rights price.. 3 for 2, will raise the required rm485 millions..

Hahaha! Nowadays, rights share price is the indisputable TP.. what a joke in Bursamalaysia now..

There is no valuation or the worth of the Companies.. IBs just want to do their job in raising the required proceeds..

WCE placements and rights prices had been kept coming down as the highway is being built towards completion. Does this mean that upon completion, the company will go bankrupt.. Hahaha! What a joke!
25/01/2019 12:39 PM
RainT so

bye bye for now

might came back later if drop below 30 cents

release capital & move on first
28/01/2019 9:38 AM
shareinvestor88 SELL SELL TP 10c
10/02/2019 12:41 AM
uptrending https://klse.i3investor.com/m/blog/PilosopoCapital/150357.jsp

WOW!
Very good article written by Choivo Capital.
DCF valuation for WCE Holdings Bhd.

Fair Value RM 2 +++

Thank you, Jon.
13/02/2019 6:12 AM
Choivo Capital No.

That one is outdated. Im privy to new information, which i did not have when i wrote it then. This new information has led me to understand my previous assumptions are too optimistic. I cannot disclose this information as its P&C.

Having said that, im fine with keeping my 2% position. There is enough tail end benefit that should be interesting.
13/02/2019 3:58 PM
uptrending Ok,
Then just discount it by 30%...
Still good...
:)
13/02/2019 7:49 PM
SHUECHABOO Projek ECRL batal-WCEHB TP-RM5++. multiple limit up
Projek ECRL diteruskan(kosRM80b)-WCEHB TP-RM5++. harga tiket sangat mahal.
Projek ECRL diteruskan(kos RM60b)-WCEHB TP-RM4++. harga tiket masih mahal.
Jika kerajaan ambil alih- RM1.50-RM3.00 per saham.
Jual-jual jangan tak jual!
14/02/2019 9:35 AM
uptrending walao!
Betul kah?
Tak berapa paham yeh!
Sila jelaslan apa maknanya TP semua ini!

:)
14/02/2019 10:02 AM
uptrending Kamen ambil aleh pun cukuplah.. 1.50 pun OK.. 150 % untung loh...

Surin beli 26% tahun 2013 @rm1.35, RI 3 for 4 @rm 1.08 pun banyak muntung loh..

:)
14/02/2019 10:21 AM
Shinnzaii wew...back to 48-50sen?
18/02/2019 10:29 AM
davidkkw79 Right issue at 50 sen... what do u expect it can up ?
18/02/2019 10:29 AM
Shinnzaii davidkkw79 Right issue at 50 sen... what do u expect it can up ?

oh yeah?that one like last year make cash call...what is the latest RI date
18/02/2019 10:47 AM
sheep will be under-subscribe like sap
19/02/2019 3:14 PM
law888 Buy call
20/02/2019 7:55 PM
Mohd Luqman any news
19/03/2019 10:42 AM
ngssbbb SURE WILL UP UP UP PROFIT UP
22/03/2019 4:27 PM
Mohd Luqman what do you mean by that
22/03/2019 5:15 PM
uptrending NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING WCE HOLDINGS BERHAD ("WCEHB" OR THE "COMPANY") (I) PROPOSED RIGHTS ISSUE OF RCPS; AND (II) PROPOSED AMENDMENTS
WCE HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description WCE HOLDINGS BERHAD ("WCEHB" OR THE "COMPANY")

(I) PROPOSED RIGHTS ISSUE OF RCPS; AND

(II) PROPOSED AMENDMENTS
We refer to the earlier announcements in relation to the Proposed Rights Issue of RCPS and the Proposed Amendments. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.



On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 21 March 2019, submitted an application to Bursa Securities in respect of the admission of the RCPS and Warrants to the Official List of Bursa Securities as well as the listing and quotation of the RCPS and Warrants to be issued pursuant to the Proposed Rights Issue of RCPS, and the new WCEHB Shares to be issued pursuant to the conversion of the RCPS and the exercise of the Warrants, on the Main Market of Bursa Securities.





This Announcement is dated 22 March 2019.





Announcement Info
Company Name WCE HOLDINGS BERHAD
Stock Name WCEHB
Date Announced 22 Mar 2019
Category General Announcement for PLC
Reference Number GA1-22032019-00028
23/03/2019 2:24 AM
uptrending RIGHTS ISSUE, ENTITLEMENT DATE AND PRICE WILL BE ANNOUNCED SOON....

GOOD NEWS OR BAD NEWS?
23/03/2019 2:26 AM
alone Old news
23/03/2019 10:29 AM
uptrending Issue Price RCPS @32cents, after announcement with Ex date, it will go all the way to hit THE TARGET PRICE... It is the norm of Bursa on RI nowadays!

LOL
23/03/2019 10:55 AM
law888 Hit the 32 cent
23/03/2019 3:09 PM
firehawk Announce of RI will hit the share price is very reasonable.... some people do not prepare extra money to buy the RI, they just sell their existing holding to subscribe the RI (which is cheaper) .....
23/03/2019 8:07 PM
firehawk For those holders do not hv extra money to subscribe the RI, selling at any price above the subscription price to subscribe the RI, is reasonable.... they sell higher and buy cheaper :D
23/03/2019 8:12 PM
chamlo RI 32 sen? Better buy at 32 sen? When is ex-date?
23/03/2019 10:32 PM
uptrending company's announcement in relation to the rights issue:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5988913

The RI price of the proposed RCPS was illustrated on page 6 as rm0. 32.....

The actual price pending announcement...
24/03/2019 8:21 AM
Mohd Luqman how ti buy the RI
24/03/2019 5:20 PM
hock007 suddenly volume become so big, anythings happen?
05/04/2019 5:15 PM
ken Big players are gently accumulating.
05/04/2019 6:18 PM
uptrending Suspect that IBs are doing a last price push up b4 announcing the rights price, indicated as 32cents per RCPS, 3 for 2, the reference price of the mother share at the time of announcing the detailed proposal was @62 cents.... Likely will be hovering and maintained at this price...

After the rights price is fixed and EX date announced, hmmmm.... most will likely sell the mother shares and reserve the proceeds to subscribe for the rights which is cheaper.....
06/04/2019 6:30 AM
steady31 Toll collection starts on May 19 at 5 stations to be opened before hari raya.no turning back.
08/04/2019 11:09 AM
hock007 Is ecrl bring benefit to it ??
08/04/2019 12:18 PM
Sundai725 Warrant come out price sure drop lah
12/04/2019 2:37 PM
Sundai725 Right issue havnet annouce
12/04/2019 2:37 PM
Investor 999 Very soon !
12/04/2019 5:07 PM
RonnieKimLondon Article on WCE in StarBiz dated 13 April 2019 is very positive on the company. The third longest highway in West Malaysia with length 0f 233km has a market cap of RM710mil.
14/04/2019 12:34 PM
15/04/2019 4:54 PM
Dickyyou Why? Need goreng first?

Sundai725 Right issue havnet annouce
12/04/2019 2:37 PM
18/04/2019 8:54 PM


315  330  536  1028 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 EKOVEST 0.89-0.08 
 IWCITY 1.22-0.10 
 EKOVEST-WB 0.395-0.085 
 IRIS 0.185+0.015 
 MTRONIC-WA 0.03+0.025 
 BARAKAH 0.095+0.005 
 IMPIANA 0.06-0.005 
 VELESTO 0.315+0.01 
 GADANG 0.90-0.045 
 WCT-WE 0.155-0.025 
Partners & Brokers