kuaTAKtahuKenanga: With both the MACD and stochastic indicators showing signs of rising momentum, an anticipated upward movement in the share price could potentially challenge our resistance levels of RM0.58 (R1; 13% upside potential) and RM0.64 (R2; 24% upside potential).
SharefisherBetter than expected. Will read through it tonight.
26/08/2021 6:07 PM
SharefisherInterest expense and sukuk profit really cutting down the profit. Compared to last year 2rd QR, Total bank borrowing added 38m to 2.993b...... Cash and bank balance dropped almost 50% to 277m, net cash decrease 246m... No joke. Without Meydan settlement and land sales, wct will be in very difficult position sooner or later. Hopefully, after these events, it is a turning point for wct.
26/08/2021 9:33 PM
GohhocksThanks Sharefisher, WCT needs the settlement & land sales to reduce its net gearing, save the interest, so don’t think it will give special dividend like IJM, however, it’s turning point now, hopefully the quarterly reports getting better & better, moving forward, when it included the land sales & settlement, at least provide limited down side risks, WCT Boleh. Thanks Sharefisher. This is my thought.
26/08/2021 9:56 PM
SharefisherYes. One good point was all the lands sold with gain. Now with umno is back to driving seat, I think they know well how to push economy with construction, this reflected in the movement of construction counters recently. Gamuda was in high gear speeding today. I own some gamuda also. Don't think need to worry if you have holding power. Cheers.
26/08/2021 11:03 PM
Peace99Net assets per share is 2.14, but share price is only.555, would appreciate some comments on this
27/08/2021 12:38 PM
SharefisherPeace, This is for you. https://klse.i3investor.com/m/stock/headlines/9679.jsp
investortrader88Top 25 shareholders own 70.09% of WCT Holdings Berhad
Dominion Nexus Sdn Bhd 18.15% Permodalan Nasional Berhad 10.73% Siew Choon Lim 7.42% Urusharta Jamaah Sdn Bhd 4.89% Fook Ling Cheah 4.82% Oversea-Chinese Banking Corporation Limited, Banking Investments 4.22% Hong Leong Asset Management Bhd 2.55% Vui Han Lee 2.35% Chuo Siong Choo 2.07% The Vanguard Group, Inc. 1.72% Eastspring Investments (Singapore) Limited 1.41% Vui Khiun Lee 1.18% Dimensional Fund Advisors L.P. 1.17% Chin Goh 1.05% Affin Hwang Asset Management Berhad 1.02% Goh Yuan Koh 0.92% Public Mutual Berhad 0.88% State Street Global Advisors, Inc. 0.8% Yu Yeh Tan 0.61% Stonecat Corporation 0.58% Hoen Sew Lean 0.56% Lembaga Tabung Haji, Endowment Arm 0.53% Kai Liang 0.3% AIIMAN Asset Management Sdn. Bhd. 0.095% Mackenzie Financial Corporation 0.083%
thestewardGreat things are looking up for wct ! 4th quarter onwards recover . Let’s hope it goes back to be ringgit stock .
02/09/2021 11:16 PM
SharefisherAlready collected with all my fund allocation for wct. Now is just waiting game. Hope wct REIT will be coming after shopping malls back to normal operation.
03/09/2021 7:44 AM
kuaTAKtahuForget the REITs. Many mall are suffering now. . .
CGS-CIMB has maintained its ‘Add’ call on WCT with a higher target price of 70 sen after revising numerous balance sheet items and applying a reduced revalued net asset value discount of 50% to reflect a potential NRP-driven recovery in 2H21.
04/09/2021 12:30 PM
SharefisherVery strong buy since yesterday last minute and today morning.... Good news coming?
kuaTAKtahuWCT also aims to raise RM1 billion through various corporate exercises to reduce its gearing level, lower its financing cost and improve earnings
08/09/2021 9:27 PM
kuaTAKtahuIt recently announced the disposal of its Sungai Buaya land for RM214.3 million, and is expected to record a RM45.4 million gain from the transaction.
08/09/2021 9:27 PM
kuaTAKtahuWCT could benefit from contracts under the Pan Borneo Highway Project.
08/09/2021 9:27 PM
kuaTAKtahuThe bullish momentum may uplift the stock towards the next resistance at 58.5 sen before reaching the 63 sen level – its 52-week high.
