Highlights
KLSE: WCEHB (3565)       WCE HOLDINGS BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.26   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 344 Million
NOSH: 1,321 Million
Avg Volume (4 weeks):968,668
4 Weeks Range:0.22 - 0.275
4 Weeks Price Volatility (%):
94.55%
52 Weeks Range:0.145 - 0.415
52 Weeks Price Volatility (%):
62.65%
Average Price Target: 1.16
Price Target Upside/Downside: +0.90
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#2]  |  23-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  26-Feb-2021
T4Q P/E | EY: -3.93  |  -25.47%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.8277  |  0.31
T4Q NP Margin | ROE: -32.67%  |  -8.00%

Headlines

Date Subject
30-Oct-2020 PublicInvest Research Headlines - 30 Oct 2020
30-Oct-2020 Mplus Market Pulse - Sentiment remain indifferent
24-Aug-2020 Mplus Market Pulse - 24 Aug 2020
15-Jul-2020 Trading Stocks - WCE Holdings
15-Jul-2020 Trading Stocks - WCE Holdings
03-Jun-2020 Why there're flaws in the most extensive written piece on WCE - felicity
25-May-2020 (CHOIVO CAPITAL) Why Highways are a Gruesome Industry – WCE Holdings Berhad (3565)
03-Mar-2020 PublicInvest Research Headlines - 3 Mar 2020
02-Feb-2020 南北大道收费降18%·WCE债券持有人忧冲击收入
31-Jan-2020 【鼠年翻倍股】——WCEHB
28-Jan-2020 Daily Market Update - 28 Jan 2020 (RUBBEREX, WCEHB)
24-Jan-2020 Stocks on Radar - WCE Holdings (3565)
17-Jan-2020 M+ Online Technical Focus - 17 Jan 2019
24-Dec-2019 [转贴] [Facebook live video:浅谈WCE Holdings Bhd (WCEHB)] - James的股票投资James Share Investing
18-Dec-2019 Technical Buy - WCEHB (3565)

Business Background

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.
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  6 people like this.
 
Choivo Capital Look at malaysia, do you think development will actually reach those areas?

Just look at even the US or the UK, their rural areas are still rural.

However for Malaysia, we decided to play it hard mode and throw in brain drain etc.

In any event, its a 50 year projection. Good luck.

----
abang_misai That's why you can get it at 0.25. By the time it is surrounded by building, it will be at 2.50.
29/05/2020 1:12 AM
benykp Best of luck to all. Its Bursa, anything can happen.
29/05/2020 2:01 AM
vespa http://www.intellecpoint.com/ Felictiy has challenged some of Choivo's assumptions.
03/06/2020 12:57 PM
benykp https://paultan.org/2020/04/02/vehicles-registrations-in-malaysia-31-2-mil-as-of-2019/
03/06/2020 3:55 PM
benykp http://www.intellecpoint.com/2020/06/why-are-some-highways-are-less.html?m=1
08/06/2020 1:37 AM
zeroth mother or warrant better in this case?
10/06/2020 3:24 PM
SCtrader Uptrend
10/06/2020 4:59 PM
Bepatience Time to accumulate more for next moving , technically strong stay above 0.30 ... it will moving to next level 0.36
11/06/2020 12:06 PM
Choivo Capital I must let you guys know, "timing" is my biggest talent. Haha.

In any event, good luck.
11/06/2020 3:35 PM
bnmacai So whats your recommendation? Buy or wait?
11/06/2020 4:45 PM
lassy buy still cheap. year 2017 just started building highway price was RM1.10 n today 90% completed is 28sen. In 10 year time fully operational n making profit RM5.Now 10,000 shares worth RM2, 800.00, 10 yrs later RM50k as per LITRAK n PLUS.
18/06/2020 9:43 AM
lassy To make BIG money have to be patient n wait, I might not live to see it reach RM5 unless the market turn very bullish in 3 years time. I have throw away alot of miss opportunities like citibank @6USD, microsoft @30USD at that time make 20% qiickly ran away but at that time financially not strong n stable to take a long term gamble. Now using SMALL money to make BIG money.
19/06/2020 4:13 PM
benykp Don't forget by this year or next more sections will open. More collections.
20/06/2020 10:36 AM
bnmacai Prospect looks good but don't forget the loan size. 4b. 4b is no joke.
20/06/2020 10:56 AM
lassy 4 or 5 billion loan is not a big problem for this type of CASH generating project PLUS is still having double digit billion loan until now in spite of giving out dividend to the government
24/06/2020 2:15 PM
lassy WCE market capitalization is less than half a billion now and when PLUS was privatised in 2011 it market capitalization is 22 BILLION.If WCE share price move up to RM 1.16 it is only 4 times the market cap now, of course its for comparison only n very much depend on the TRAFFIC FLOWS either way.
24/06/2020 2:33 PM
Mar Yung Chern is wce get enough fund to complete the project? any risk that it will issue any right issue again to raise fund for this project?
24/06/2020 5:13 PM
bnmacai @Mar Yung Chern - wait for its coming QR, which will be coming out soon. Delay for a month already. Would like to see its cash level.
25/06/2020 2:53 AM
bnmacai Last Quarter, cash level is around 900m. Let's see whats on the coming qr.
25/06/2020 2:54 AM
bnmacai Correction, 800m. not 900m
25/06/2020 2:55 AM
bnmacai If it falls below 300-400m, be careful lah. This dude selalu cost overrun one.
25/06/2020 2:58 AM
firehawk QR released alrdy!
29/06/2020 10:20 PM
RainT Since few years ago before this highway is completed

already start to hoohahooha until now, & the share price is still low
01/07/2020 6:56 PM
RainT before this I remember have few write up to promote this WCE but now all the goods things write also come out as ashes and never happen also
01/07/2020 6:57 PM
RainT and this company still making low profit
01/07/2020 6:57 PM
Carson Teor https://m.malaysiastock.biz/Blog/BlogArticle.aspx?tid=23321
11/07/2020 6:47 PM
paperplane infra is a longterm play always. Need a lot of patient. but you compensated with longterm stable cashflows. IJM is not stupid, likewise for MAGNUM boss and MAMEE boss.

Investors always wanna quick profits, like all gloves. 100% return few months......mentality of investors vs bizmen. Tell me is bizmen richer or retail investors? you know the answer
15/07/2020 8:14 AM
bnmacai Everyday up 0.005. After 1 year, Rm 1.
15/07/2020 6:14 PM
shareinvestor88 Agreed INFRA is Long term. Once cash flow is established , the value goes up
15/07/2020 8:24 PM
Hisham Kasim WCE Update - Lintasan Persiaran Hamzah Alang @ Jalan Tap Meru - Kapar https://youtu.be/Ah_5OaZyKfY
18/07/2020 9:58 AM
Hisham Kasim WCE Update 19 Jul 2020 | Kampung Sungai Kandis, Klang https://youtu.be/o3jOO90cN0w
19/07/2020 10:34 PM
abang_misai Loud and clean - Wce will continue to bleed profusely for the next 10 years as mentioned in latest annual report
29/07/2020 2:03 PM
Lee_CK MANAGEMENT DISCUSSION AND ANALYSIS
To-date, the percentage of the overall completion of the construction of the Project is 66% and the construction is still on-going. During the financial year, the construction of Section 5, 8, 9 and 10 have been completed and opened for toll operations. The Group experienced some delay in the construction works of the Project primarily due to land acquisition issues. Given the delay, the Group is targeting to open the remaining sections by the financial year 2022 except for a stretch measuring approximately 10km known as Section 7B which is expected to be completed by June 2024.
31/07/2020 2:40 AM
benykp Google WCE live traffic..... As of now certain areas traffic jam... Holidays..
02/08/2020 12:44 PM
abang_misai Interest expenses Rm40mil per quarter! This means Wcehb paying Rm120mil interest per year. This is expected to be so at least tot the next 5 years. Koyak lah like that.
21/08/2020 1:36 PM
Choivo Capital 2014 vs 2019 Toll industry and expected traffic is very very different.



====
paperplane infra is a longterm play always. Need a lot of patient. but you compensated with longterm stable cashflows. IJM is not stupid, likewise for MAGNUM boss and MAMEE boss.

Investors always wanna quick profits, like all gloves. 100% return few months......mentality of investors vs bizmen. Tell me is bizmen richer or retail investors? you know the answer
15/07/2020 8:14 AM
21/08/2020 5:33 PM
Choivo Capital Its cashflow you need to think about, not P/L.

Sure lose money for at least 5 years one.

Either way for me, my thoughts in the article still stands.

===
abang_misai Interest expenses Rm40mil per quarter! This means Wcehb paying Rm120mil interest per year. This is expected to be so at least tot the next 5 years. Koyak lah like that.
21/08/2020 1:36 PM
21/08/2020 5:37 PM
untong This quarter cant tell anything meaningful as some sessions just opened, some sessions going to open next quarter, half of the quarter no interstate travel due to MCO, limited construction/property activities during MCO etc

Do expect Q3,Q4 2020 got much higher interest expenses as more sessions are opening.

"The WCE Project is divided into 11 sections of which Section 8 (Hutan Melintang - Teluk Intan) opened for traffic on 31 May 2019 followed by Sections 9 (Kampung Lekir – Changkat Cermin) and 10 (Changkat Cermin – Beruas) on 23 September 2019. On 10 December 2019, Section 5 (Bandar Bukit Raja to Kapar) was also opened for traffic. To-date, a total of 4 out of 11 sections have been opened for traffic and commenced tolling."

Having said that i am optimistic of the traffic of WCE as well as WCE management;
https://www.thestar.com.my/business/business-news/2020/01/11/in-high-g...
"Thirdly, the four sections of the WCE opened so far have seen traffic volumes which are “more promising than expected”, says Neoh."

The real traffic only comes when they open sessions connecting port lumut/port klang, selangor part, and when all the sessions fully connected from interchange that connects to NSE.
21/08/2020 7:39 PM
abang_misai Still too early to enter.
21/08/2020 9:36 PM
abang_misai Rm40mil interest expenses per quarter when only 3 out of 11 sections start to recognise interest expenses. What if all the 11 sections open?
31/08/2020 10:21 AM
thesteward Sud be good to be under the trust . Current price 28 too low
31/08/2020 2:10 PM
Choivo Capital When everything is opened, it should be around 70m per q.

https://www.malaymail.com/news/malaysia/2020/08/29/tok-pa-govt-studying-proposal-to-set-up-highway-trust-body-in-malaysia-redu/1898404

I think WCE shareholders best hope is this. If govt were to actually move forward with this. WCE may get their book value back.


===
abang_misai Rm40mil interest expenses per quarter when only 3 out of 11 sections start to recognise interest expenses. What if all the 11 sections open?
31/08/2020 10:21 AM
30/09/2020 10:36 AM
Collin Soo Why share price become lower and lower?
04/10/2020 4:59 PM
Edge CMCO and less travelling one factor that contribute to dropping price...
28/10/2020 5:40 PM
Edge https://www.theedgemarkets.com/article/wce-one-step-closer-securing-construction-works-contract-worth-rm1268m
28/10/2020 11:46 PM
xjteh WCE bound off from its 0.618 retracement level. With MA (8,20) cross up today, uptrend resume. TP1: 0.26, TP2: 0.29, TP3: 0.33
11/11/2020 10:09 PM
Edge Good to know price recovering. Supported by high volume. Wonder what is happening? Good upcoming results? Anyone has any clue?
12/11/2020 11:57 AM
akc008 Don't forget by this year or next more sections will open. More collections.
17/11/2020 8:58 PM
xjteh Another hourly MA cross up signal appeared to confirm the resumption of uptrend. With TP1: 0.26 achieved, it is marching towards TP2: 0.29.
21/11/2020 9:50 PM
Edge https://www.malaymail.com/news/malaysia/2020/11/23/govts-takeover-of-highway-concessions-to-be-raised-in-parliament-today/1925129
23/11/2020 9:08 AM


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