Highlights
KLSE: WIDAD (0162)       WIDAD GROUP BERHAD ACE : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.295   +0.03 (11.32%)  0.275 - 0.295  10,806,400
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General Meeting

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Ann. Date Date Time Type Venue View
05-Jun-2013 20-Jun-2013 15:00 AGM Tulip Room, 1st Floor, Intercontinental Hotel, 165, Jalan Ampang, 50450 Kuala Lumpur. Meeting Detail
12-Feb-2014 28-Feb-2014 10:00 EGM Tulip Room, 1st Floor, Intercontinental Hotel, 165, Jalan Ampang, 50450 Kuala Lumpur. Meeting Detail
04-Jun-2014 27-Jun-2014 09:00 AGM Copper Room, 2nd Floor, Novotel Kuala Lumpur City Centre Hotel, No.2,Jalan Kia Peng, 50450 Kuala Lumpur. Meeting Detail
28-May-2015 23-Jun-2015 11:00 AGM COPPER ROOM, 2ND FLOOR, NOVOTEL KLCC HOTEL, NO. 2, JLN KIA PENG, 50450 K.L. Meeting Detail
28-Apr-2016 27-May-2016 10:00 AGM PLATINUM 1 ROOM, 2ND FLOOR, NOVOTEL KLCC HOTEL, NO. 2, JLN KIA PENG, 50450 K.L. Meeting Detail
27-Apr-2017 16-Jun-2017 10:00 AGM PLATINUM 1 ROOM, 2ND FLOOR, NOVOTEL KLCC HOTEL, NO. 2, JLN KIA PENG, 50450 K.L. Meeting Detail
03-Jan-2018 29-Jan-2018 10:00 EGM Bunga Raya Room, Level 2, Intercontinental Hotel, 165, Jalan Ampang, 50450 Kuala Lumpur. Meeting Detail
27-Apr-2018 29-Jun-2018 10:00 AGM Petra 2 Room, Tower 4, Level 2, Royal Widad Residence @ UTMKL, Jalan Maktab, 54100 Kuala Lumpur Meeting Detail
05-Nov-2018 28-Nov-2018 14:00 EGM Grand Petra Ballroom, Level 2, Royal Widad Residence @ UTMKL, No. 24 Jalan Maktab, 54100 Kuala Lumpur. Meeting Detail
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  6 people like this.
 
10208850616573818 WIDAD oh Widad...please dont dead we still need u...
16/04/2019 2:01 PM
satha44 26 seller
16/04/2019 3:16 PM
Yusuf Isa We Dead are like this lol......
16/04/2019 3:19 PM
matg ok maybe 0.25 is the ground floor.. keep watching
16/04/2019 3:29 PM
Yusuf Isa Not 25 cents. PN17 & delisted. Bye2. Sayonara...
16/04/2019 3:34 PM
papaya kikikikikikih....
16/04/2019 3:44 PM
matg keep watching our emotion as well.. :)
16/04/2019 3:48 PM
10208850616573818 Wahhhh PN17 mehhh how u justified PN17 Counter....not panic at all, we are not contra player...hope tomm will be green day...
16/04/2019 4:58 PM
amet2017 this is what we call panic typing..think only have panic selling aa.
16/04/2019 4:59 PM
berid At 33cent pe is more than 60.. Now 50 .. Still Overvalue.. The price not worth the earning... Not surprise if it fall below 20cent.. Kasi kill these instant trader... Lol
16/04/2019 5:36 PM
berid Slaughter fest...
16/04/2019 5:37 PM
berid But dont worry, there is a chance to recover tomorrow since today gap down.. Probably tomorrow gonna gap up n rebound..
16/04/2019 5:39 PM
YC3883 will get ecrl project soon?
16/04/2019 7:41 PM
widadinvestor goverment withdraw contract or maybe new goverment no money to support construction sector, alot throw by fund, boss also no money support anymore。。。
16/04/2019 8:08 PM
KakLimah NOT many companies can claim to provide building maintenance support services for Malaysia’s royal palaces.

Those familiar with the industry say that Widad Group Bhd is the integrated facility management (IFM) firm best known for undertaking such jobs.

“It’s a very unique business. We have done some IFM jobs for sultans from various states. We need to work very hard and deliver great services,” managing director Datuk Dr Mohd Rizal Mohd Jaafar says in his first interview with The Edge following the completion of Widad’s reverse takeover (RTO) of industrial labels manufacturer Ideal Jacobs (M) Corp Bhd.

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“Our people are on the ground 24/7,” the 44-year-old declares, pointing to daily routine inspections, ad-hoc maintenance and upgrading works, as well as the maintenance of cleanliness.

With the support of its in-house specialists, strategic partners, consultants, purchasing team, suppliers and sub-contractors, Widad is able to provide total solutions to its IFM clients, and in a timely fashion.

“We have to respond to the clients’ requests within a certain time frame, depending on the priority and sensitivity. When the VIPs are coming, we have to make sure that everything is in order,” says Rizal.

Last July, Tan Sri Muhammad Ikmal Opat Abdullah, via his flagship company Widad Business Group Sdn Bhd (WBG), emerged as a major shareholder in Ideal Jacobs with a 72.62% stake. Consequently, Andrew Conrad Jacobs and Datuk Meng Bin — the then executive chairman and managing director respectively of Ideal Jacobs — ceased to be indirect substantial shareholders.

In the RM520 million RTO deal, Ideal Jacobs acquired Widad Builders Sdn Bhd from WBG to enable the company’s diversification into IFM and construction.

Widad generated a net profit of RM19.3 million on revenue of RM283.4 million in the financial year ended Dec 31, 2018, with the construction division accounting for 65.2% of total revenue. But for a one-off RTO expense charge of RM7.1 million in its consolidated statement of profit or loss and other comprehensive income, the group would have recorded a profit before tax of RM35.6 million.

“Our group’s performance is quite stable. Although there is a slowdown in the construction sector, we still have the higher-margin IFM business, which provides recurring income, to cushion the performance of our construction division,” Rizal explains.

Suffice it to say that Widad is highly profitable for an ACE Market-listed company. Not surprisingly, it is seeking a transfer to the Main Market by 2020.

“For our bottom line, we are targeting a growth of at least 10% every year. Our job is simple — we need to replenish our order book by at least RM500 million a year. Our outstanding order book is about RM1 billion, which should keep us busy until 2022/23,” says Rizal.

Despite the challenging business environment, he remains optimistic given Widad’s ongoing projects and potential to clinch new contracts from its RM5 billion of target submissions this year.

To date, the group has participated in tenders from the public and private sectors worth close to RM1 billion, half of which are from the construction sector and the other half from two potential IFM projects, Rizal reveals. “Based on our financial strength and track record, we are confident of securing at least one IFM job. There are not many IFM players in Malaysia,” he says, adding that new jobs could come “possibly from universities and hotels”.

In 2015, he joined WBG as group CEO and is currently responsible for strategic and day-to-day business direction and performance.

At present, Widad has two major IFM contracts — Istana Negara (National Palace) in Jalan Duta, Kuala Lumpur, and Johor Baru Sentral. The five-year JB Sentral contract, worth RM200 million, expired last year but was extended until end-March this year.

Rizal says Widad has submitted a tender for a contract extension of two to three years, and is now awaiting the bidding results, which should be announced “very soon”.

However, he would not reveal the contract value of the National Palace IFM job, only saying that Widad had secured a three-year contract in 2012 that ran until 2015 and that it was extended for another seven years to 2022.

“Beyond 2022, it really depends on our performance. Yes, the contract is renewable but it is not automatic. We will have to go through another round of tenders — that’s how it works.

“Istana Negara monitors our performance very closely. There are certain KPIs (key performance indicators) and we have achieved 98% to 99% [of them]. We performed excellently in the first three years. That’s why we received the seven-year contract extension.”

Previously, Widad only focused on pure construction and IFM jobs. But now, the group hopes to do both concurrently as a “key strength”, since the segments have synergies that can be achieved.

Rizal says Widad can construct a facility and then manage it for its clien
17/04/2019 12:01 AM
papaya good on paper....but not reflected in share price....kikikikikikih.....anyway saya start beli now.....kikikikikikih.....sulah masuk region oversold.....but dont no how long got to hold....kikikikikih....widad or we dead....kikikikikih
17/04/2019 9:27 AM
dreamsbillionaire People who buy now sure earn in next few months.
17/04/2019 9:49 AM
matg Ok sudah up.. 1st rebound shd be good hopefully
17/04/2019 10:02 AM
legend ini mau tangkap ikan bilis saja!
17/04/2019 10:25 AM
matg skang bilis pandai buru jerung.. dun play2
17/04/2019 10:50 AM
dreamsbillionaire Now all the way up to .335
17/04/2019 2:06 PM
legend nasik lemak ikan bilis sudah...
17/04/2019 2:42 PM
matg smarter bilis can eat nasik lemak jerung.. kekeke
17/04/2019 3:09 PM
satha44 Widad's game damaged.....dont think many people will chase it up...this time..
Owner will wait....for narket sentiment to improve...or till there is a positive announcement...hopefully they secure some new contracts this year....
17/04/2019 4:25 PM
papaya ayoyo wedead......skali pancut trus pengsan ka......kikikikikiih
18/04/2019 9:57 AM
widadinvestor really good on paper work,but maybe operator recuit by someone really lousy,even anyone from here better than them,hahaha.... Maybe lousy securities
18/04/2019 10:19 AM
10208850616573818 Finished....tomorrow will fly...
18/04/2019 4:58 PM
matg Both mother and son RSI oversold.. let see tomoro
18/04/2019 5:48 PM
satha44 Finally one big contract....congratulations to the board...
18/04/2019 6:03 PM
nckcm Buy lo...buy son
18/04/2019 7:08 PM
Skykiller tp rm0.30 for this two weeks n will keep going up again
18/04/2019 7:46 PM
satha44 Again got to watch these levels..
28.5
32
34.5
37.5
42
46
50.5
56
60
Lets c how many can break tomorrow....lol
18/04/2019 10:10 PM
satha44 190million + 71 million.....managed to secure 260million business in 1 year.......wow!!!
18/04/2019 10:13 PM
stockmethods hahaha, my second jackpot. Follow me you will never lose money. I've another potential rocket stock and yet to reveal.
19/04/2019 12:09 AM
amet2017 It wont break any of the level. Press down before announce good news, what do you think? Means that 'they' want the price to maintain at certain level only. Dont be so naive. At this price if up to 0.32 is already 20% increase, you see what i mean? Dont think it can up 20% just becoz securing one contract. If maybe five maybe can. Haha
19/04/2019 6:22 AM
satha44 No end to sellers...buyers must pick..
We can only see the effect next week...
19/04/2019 9:24 AM
papaya nobody minat sebab sudah manyak kali kena tipu.....kikikikikih
19/04/2019 9:32 AM
papaya unless operator pour in large vol......and push for 1-2 sen to bring back confidence....kikikikiih
19/04/2019 9:37 AM
satha44 Dont chase...this counter/operator will burn u
19/04/2019 9:40 AM
papaya ni operator tarak modal punya....kikikikikih
19/04/2019 9:50 AM
amet2017 Boleh press down, mau pump sula talak lui ka
19/04/2019 10:05 AM
matg https://www.klsescreener.com/v2/news/view/517855
19/04/2019 10:12 AM
papaya silap kira la...ingat ada 20mil.....tengok cuma ada 2mil only....sikalang tatak boleh pump lo....kikikikikikih
19/04/2019 10:12 AM
stockmethods tunggu itu punya IFM lah...easily 200 millions lagi...nanti you susah hati tak ada beli
19/04/2019 10:21 AM
papaya papaya good on paper....but not reflected in share price....kikikikikikih.....anyway saya start beli now.....kikikikikikih.....sulah masuk region oversold.....but dont no how long got to hold....kikikikikih....widad or we dead....kikikikikih
17/04/2019 9:27 AM
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tarak susah hati....kan saya sulah cakap....i bought at 26.5sen....kikikikikikih...saya kasihan sama satha44....bila dia beli saja price go down....now dia sulah stuck kat sini....kikikikikih
19/04/2019 10:27 AM
10208850616573818 Ini hali mesti closed ada sikit Green, Monday mesti kasi letuppp...
19/04/2019 11:20 AM
de_investor ........has secured a RM190.5m contract to build a 200-bed private hospital in Puchong, Selangor. It has received the letter of award for the project from Wardah Properties SB. wil fly....
19/04/2019 3:18 PM
satha44 From what i've observed....today's play is up to 28.5...first hurdle..
Selling is controlled...very good.
Buying also steady....after this the game will change for sure.....Widad is proving itself to be self grown bumi firm.....succesful one...this is something bursa hasnt seen for a long time...
This diversified group controlled by Tan sri Opat...will soon fall in the radar of institutioms...buying hereafter will b steady...
U and i will not b too quick to get out....so from now onwards the game will change.....pls dont sell this one too cheap...All the Best...
More good news yet to come....
19/04/2019 3:53 PM
satha44 Boom.....smashed through 28.5
Closing 29.5....next hurdle at 32
Lets c on monday....happy weekend...
19/04/2019 4:56 PM
matg Nice closing.. monday continue fly.. both mother and son..
19/04/2019 6:20 PM


 

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