Highlights
KLSE: WCT (9679)       WCT HOLDINGS BERHAD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.52   -0.005 (0.95%)  0.515 - 0.53  1,744,600
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Ann. Date Date Type Old New Registrar Tel. Fax Email View
14-Oct-2019 16-Oct-2019 REGISTRAR LEVEL 6, SYMPHONY HOUSE PUSAT DAGANGAN DANA 1 JALAN PJU 1A/46 47301 PETALING JAYA SELANGOR MALAYSIA 11TH FLOOR, MENARA SYMPHONY NO. 5, JALAN PROF. KHOO KAY KIM SEKSYEN 13 46200 PETALING JAYA SELANGOR MALAYSIA BOARDROOM SHARE REGISTRARS SDN BHD 03 -78904700 03 -78904670 View Detail
16-Nov-2015 16-Nov-2015 CORRESPONDENCE NO 12 JALAN MAJISTRET, U1/26 SEKSYEN U1 LOT 44, HICOM GLENMARIE INDUSTRIAL PARK 40150 SHAH ALAM SELANGOR MALAYSIA B-30-01, THE ASCENT, PARADIGM NO. 1, JALAN SS7/26A, KELANA JAYA 47301 PETALING JAYA SELANGOR MALAYSIA null 03 -78066688 03 -78066610 ENQUIRIES@WCT.MY View Detail
12-Feb-2010 19-Feb-2010 REGISTRAR LEVEL 26, MENARA MULTI-PURPOSE, CAPITAL SQUARE, NO.8, JALAN MUNSHI ABDULLAH, 50100 KUALA LUMPUR LEVEL 6, SYMPHONY HOUSE, BLOCK D13, PUSAT DAGANGAN DANA 1, JALAN PJU 1A/46, 47301 PETALING JAYA, SELANGOR SYMPHONY SHARE REGISTRARS SDN BHD 03-78418000 03-78418008 View Detail
21-Apr-2004 19-Apr-2004 REGISTRAR 7TH FLOOR EXCHANGE SQUARE, BUKIT KEWANGAN, 50200 KUALA LUMPUR LEVEL 26 MENARA MULTI PURPOSE, CAPITAL SQUARE, NO. 8 JALAN MUNSHI ABDULLAH, 50100 KUALA LUMPUR MALAYSIAN SHARE REGISTRATION SERVICES SDN. BHD. 03-2721 2222 03-2721 2530 & 03-2721 2531 View Detail
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  24 people like this.
 
Sharefisher Yes, better run if you don't have holding power.. Yesterday high volume will due tomorrow. I am holding for long term, so I like to see tomorrow trading pattern.
15/07/2021 11:34 AM
Sharefisher https://www.theedgemarkets.com/article/wct-holdings-45-morning-after-unit-gets-rm828m-cash-closure-12year-dubai-racecourse-dispute%C2%A0

TP 0.67....can't invest just base on TP lah. Haha ha
15/07/2021 12:35 PM
Superb99 i can hold it but depends on opportunities in the market and whether worth to hold it while others are picking up
15/07/2021 4:14 PM
Sharefisher https://klse.i3investor.com/m/stock/headlines/9679.jsp
15/07/2021 8:50 PM
Superb99 it will be hovering around 0.55 level at the moment till any additional good news arise
16/07/2021 9:38 AM
nasgee fasterrr b4 11
16/07/2021 10:06 AM
nasgee get setttt...g...o...g...o
16/07/2021 11:06 AM
Sharefisher 319 million in the pocket...... Announced by wct just now.
16/07/2021 1:34 PM
Hafid he Board of Directors of WCT wishes to announce that WCTB had on 16 July 2021 received a sum of AED279,450,438.83 (Arab Emirates Dirham Two Hundred and Seventy Nine Million, Four Hundred and Fifty Thousand, Four Hundred and Thirty Eight and Fils Eighty Three) (approximately *RM319,179,907.72 [Ringgit Malaysia Three Hundred Nineteen Million, One Hundred Seventy Nine Thousand, Nine Hundred and Seven and Cents Seventy Two ]) being the Initial Payment in accordance with the Settlement Agreement dated 13 July 2021 (“Settlement Agreement”). With the receipt of the Initial Payment, the Settlement Agreement has become unconditional.

Any material development of this case will be further updated.

This announcement is dated 16 July 2021.

* Based on exchange rate as at 15 July 2021
16/07/2021 2:28 PM
tinypotato hold tightly until next quarter
16/07/2021 3:05 PM
kuaTAKtahu BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY
16/07/2021 3:42 PM
Sharefisher Not much selling pressure today after huge volume two days ago. Good sign for next week movement.
16/07/2021 7:57 PM
aiman77 If they announce special bonus may boost price
17/07/2021 1:05 AM
wongchin Buy now as price is still cheap. Rm 828 million in 3 years is more than the whole market capitalsition of wct for now. I already in 15 small lot for mid term investment.
17/07/2021 1:37 PM
Johnzhang I think with over $800 mil cash inflow with major portion this year , WCT is in very good position to pay higher dividend over the next few years. I think some assets monetisation will also happen along the way to further strengthen the company’s financial position. I will hold this share until it is ripen .
17/07/2021 5:32 PM
Sharefisher My opinion, this case drag on for too long... I don't see any consistency of analysing in the analysis reports. So, we need to wait for next QR. The next QR will be able to give us a clearer picture. Hold tight tight first. As I always said, don't think that the big boss dare to dump so much money in if he has no confidence. Of course, he do it for long term. If you want to trade only, then it is another issue.
17/07/2021 6:15 PM
kuaTAKtahu LONG TERM BACK TO RM1 .00
18/07/2021 9:03 PM
Gohhocks Anyone can share Kenanga latest report on WCT? Don’t think there is no update from Kenanga after the settlement from Meydan, as they kept their buy rating call early this month.. anyone has their update? Thanks
19/07/2021 5:11 PM
Superb99 Actually with all good news, price only moved few cents, clumsy counter
19/07/2021 5:33 PM
Sharefisher https://klse.i3investor.com/m/blog/sinchew_company_story/2021-07-19-story-h1568693765.jsp
19/07/2021 6:33 PM
Sharefisher MIDF report.
19/07/2021 6:33 PM
Gohhocks Thanks Sharefisher for MIDF report, at least the downside risk is minimal at this juncture, I think, it depends how the COVID impact on its earnings for this couple of months. Good luck.
19/07/2021 8:10 PM
Sharefisher I think everyone is not so sure what is the real impact on wct. One said need to pay sub con, but others didn't mention anything about payment to subcon...so far, the only same point of three the reports is up in TP. Everyone is likely guessing only because it happened too long ago. Better wait for the next QR or announcement from wct. I will just sit on my shares for the time being until I get a clearer picture. Hold tight tight first.
19/07/2021 8:25 PM
Orson Chin yes。。 the money need to pay subcon and supplier too….
20/07/2021 2:28 AM
Harry Wong Got good news ahead,this few days the volume spike ,price at 0.57 and 0.58 was buy many by syndicate.something will happen,chart was shown up.
20/07/2021 9:38 AM
kuaTAKtahu The Board of Directors of WCT wishes to announce that WCTB had on 16 July 2021 received a sum of AED279,450,438.83 (Arab Emirates Dirham Two Hundred and Seventy Nine Million, Four Hundred and Fifty Thousand, Four Hundred and Thirty Eight and Fils Eighty Three) (approximately *RM319,179,907.72 [Ringgit Malaysia Three Hundred Nineteen Million, One Hundred Seventy Nine Thousand, Nine Hundred and Seven and Cents Seventy Two ]) being the Initial Payment in accordance with the Settlement Agreement dated 13 July 2021 (“Settlement Agreement”). With the receipt of the Initial Payment, the Settlement Agreement has become unconditional.
20/07/2021 11:32 AM
Sharefisher https://themalaysianreserve.com/2021/07/21/union-tell-us-whether-the-subang-airport-deal-is-on-or-off/amp/

This guy was born yesterday? Haha ha...
21/07/2021 11:16 AM
Hungrybird Tp 0.93 from UOBKH. WCT still super undervalue
21/07/2021 7:30 PM
canbuyla wow....almost 40 cents upside...buy
21/07/2021 8:32 PM
Sharefisher COMPANY UPDATE BUY

WCT Holdings (WCTHG MK)
2021 Will Be A Monetisation Year
The surprise Nad Al Sheba Dubai Racecourse contract dispute settlement will see WCT
pocketing a net proceed of RM575m. Coupled with the asset monetisation exercise,
WCT’s balance sheet would vastly improve moving forward. Given the stock’s relatively
muted reaction to the news, further near-term share price appreciation is expected.
Other potential share price catalysts will be more job wins in East Malaysia. Maintain
BUY with a higher target price of RM0.93 (from RM0.70).
WHAT’S NEW
• Dubai dispute resolved. WCT Holdings (WCT) has received the first tranche of RM319.2m
from Meydan Group LLC (Meydan) due to the Nad Al Sheba Dubai racecourse contract
dispute settlement. This has helped to lift concerns over the finality of the court ruling. The
remaining RM509.1m will be paid in 12 quarterly instalments of RM42.5m starting 20 Oct 21.
We gather that after paying off its subcontractor, the net proceeds are estimated at
RM575m, which should help the company’s net gearing improve to 0.5x (from 0.65x).
• Proceeds utilisation. We do not expect the company to pay out any special dividends given
the COVID-19 situation. WCT will most likely utilise the proceeds to pare down its debt
(estimated at RM200m) and preserve the remaining for future working capital needs. WCT
also expects to report a gain of RM173m from the settlement which, based on our estimate,
will be recognised starting 3Q23, after it covers all the costs.
• Deleveraging exercise on track. We understand that the Sungai Buaya land sales
negotiation is expected to finalise soon. WCT expects to raise RM200m from this transaction
but with minimal profit. Should this deal go through, it will improve WCT’s net gearing to
0.52x (from 0.65x), including the RM319.2m it received from Meydan. Ytd, WCT has raised
RM135m from land sales recognised in 1Q21. The property sales target of RM1b for 2021 is
still achievable assuming the property sector could resume operation in August.
• Impact of EMCO. All WCT’s Klang Valley construction projects are being put on hold during
the enhanced movement control order (EMCO) which started on 3 July. Note that Klang
Valley projects constitute about 75% (RM3.9b) of WCT’s outstanding orderbook.
21/07/2021 9:02 PM
Sharefisher Above is from UOB report. Will hold tight tight first.
21/07/2021 9:03 PM
koowakzai 56 sen is the support. Below 56sen just close eye buy. Cash of 838mil and order book of 3-5 billion. Will last for few years. Who is so smart to sell at this price. The upside is atleast 1/3 of the NTA. Easily 70-90 sen.
21/07/2021 11:14 PM
Superb99 many good news but price is flat only...too bad
22/07/2021 10:05 AM
Superb99 I saw there is 1 announcement that talking about dividend
22/07/2021 5:49 PM
kuaTAKtahu Share dividend 1: 100
22/07/2021 8:32 PM
Lam LH Should see a slight drop with the selling of bonus shares.
23/07/2021 9:00 AM
Sharefisher Yes, got the share dividend. I think most of the short term traders are gone. Good time to collect if you can hold for long term.
23/07/2021 9:19 AM
kuaTAKtahu 我们正面看待WCT控股终于了结这宗旷日已久的诉讼案,并获得8.28亿令吉的和解金赔偿。
25/07/2021 3:29 PM
kuaTAKtahu Good for long term . .Likely hit RM 1.00 soon. . . with NTA RM 2.13
25/07/2021 3:30 PM
kuaTAKtahu MIDF表示,WCT控股此前意外获得沙巴价值高达5亿4000万令吉的工程,今年至今新订单已增至11亿令吉,超过该行预测。
25/07/2021 3:30 PM
Sharefisher As UOB was pointing out to us, wct share muted after announcement of settlement. Good for us to accumulate. Hold tight tight for 2 to 3 years. Should be well rewarded.
26/07/2021 7:47 AM
kuaTAKtahu .

SPECIAL DIVIDEND SOON ?

.
27/07/2021 9:58 AM
Gohhocks Hi, for the RM 319 million from the settlement, will it be reported in Q2 or Q3, if in Q3, will Q2 report looks rosy? Thanks.
28/07/2021 2:18 PM
Sharefisher Likely Q3 because agreement date and payment date all done in July. I don't expect Q2 is good. But if got special dividend, I think should be declared in Q2 report. Just my opinion.
28/07/2021 3:25 PM
Gohhocks Ok, thanks Sharefisher, I also expect the same, but special dividend is uncertain, looking at the high net gearing now & company need to reduce it first to save interest, to keep some capitals for coming projects as well..
28/07/2021 5:11 PM
Sharefisher Too bad that this good news was announced during very bad market sentiment time. This huge amount of fund is very good for wct to turn around. Will hold first.
28/07/2021 5:40 PM
Lam LH Current government situation is bad for the market. Whole market should head south
29/07/2021 4:37 PM
Gohhocks I think likely the market will be going south with the current political turmoil, but it will be temporary, I hope.. good luck ALL.
29/07/2021 6:59 PM
123eztrade good news but no good price...what to do?...have to hold on first. ...
30/07/2021 1:20 PM
kuaTAKtahu Buy Buy Buy Buy
31/07/2021 9:08 PM


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