Highlights
KLSE: WCEHB (3565)       WCE HOLDINGS BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.515   -0.02 (3.74%)  0.515 - 0.515  30,000
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Financials


Market Cap: 516 Million

Market Cap 516 Million
NOSH 1,003 Million

Latest Audited Result:  31-Mar-2017

Latest Audited Result: 31-Mar-2017
Announcement Date 28-Jul-2017
Next Audited Result: 31-Mar-2018
Est. Ann. Date: 28-Jul-2018
Est. Ann. Due Date: 27-Sep-2018

Latest Quarter:  31-Dec-2018 [#3]

Latest Quarter: 31-Dec-2018 [#3]
Announcement Date 19-Feb-2019
Next Quarter: 31-Mar-2019
Est. Ann. Date: 24-May-2019
Est. Ann. Due Date: 30-May-2019
QoQ | YoY   616.35%  |    0.75%

Annual (Unaudited) ( EPS: 1.36, P/E: 37.75 )

Revenue | NP to SH 880,590  |  13,681
RPS | P/RPS 87.82 Cent  |  0.59
EPS | P/E | EY 1.36 Cent  |  37.75  |  2.65%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.70  |  0.74
YoY   -61.08%
NP Margin | ROE 1.71%  |  1.96%
F.Y. | Ann. Date 31-Mar-2018  |  24-May-2018

T4Q Result ( EPS: 0.88, P/E: 58.59 )

Revenue | NP to SH 830,588  |  8,814
RPS | P/RPS 82.83 Cent  |  0.62
EPS | P/E | EY 0.88 Cent  |  58.59  |  1.71%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.70  |  0.74
QoQ | YoY   0.88%  |    -76.83%
NP Margin | ROE 1.20%  |  1.26%
F.Y. | Ann. Date 31-Dec-2018  |  19-Feb-2019

Annualized Result ( EPS: 2.77, P/E: 17.84 )

Revenue | NP to SH 657,428  |  28,950
RPS | P/RPS 65.56 Cent  |  0.79
EPS | P/E | EY 2.77 Cent  |  17.84  |  5.61%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   35.16%  |    -16.21%
NP Margin | ROE 4.40%  |  4.14%
F.Y. | Ann. Date 31-Dec-2018  |  19-Feb-2019


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Mar-2019 19-Feb-2019 31-Dec-2018 3 123,296 10,659 10,337 10,337 - 700,110 - % 8.38% 1.48% 1,002,736 12.30 12.30 1.01 1.01 0.00 0.00 0.6982 0.70   616.35%   0.75% 31-Dec-2018 0.50 4.07 48.50 0.72 2.06% 0.00% 19-Feb-2019 0.56 4.55 54.32 0.80 1.84% 0.00%
31-Mar-2019 28-Nov-2018 30-Sep-2018 2 189,429 2,237 1,754 1,443 - 711,140 - % 0.93% 0.20% 1,002,736 18.89 18.89 0.14 0.14 0.00 0.00 0.7092 0.71   -84.43%   -79.31% 28-Sep-2018 0.67 3.55 465.58 0.94 0.21% 0.00% 28-Nov-2018 0.635 3.36 441.26 0.90 0.23% 0.00%
31-Mar-2019 21-Aug-2018 30-Jun-2018 1 180,346 10,180 9,622 9,267 - 709,736 - % 5.34% 1.31% 1,002,736 17.99 17.99 0.92 0.92 0.00 0.00 0.7078 0.71   175.75%   6.75% 29-Jun-2018 0.78 4.34 84.40 1.10 1.18% 0.00% 21-Aug-2018 0.80 4.45 86.56 1.13 1.16% 0.00%
31-Mar-2018 24-May-2018 31-Mar-2018 4 337,517 -11,954 -11,760 -12,233 - 699,308 - % -3.48% -1.75% 1,002,736 33.66 33.66 -1.22 -1.22 0.00 0.00 0.6974 0.70   -219.23%   -200.87% 30-Mar-2018 0.985 2.93 -80.74 1.41 -1.24% 0.00% 24-May-2018 0.735 2.18 -60.25 1.05 -1.66% 0.00%
31-Mar-2018 22-Feb-2018 31-Dec-2017 3 153,882 11,892 10,468 10,260 - 711,541 - % 6.80% 1.44% 1,002,736 15.35 15.35 1.02 1.02 0.00 0.00 0.7096 0.71   47.14%   81.14% 29-Dec-2017 1.19 7.75 116.30 1.68 0.86% 0.00% 22-Feb-2018 1.19 7.75 116.30 1.68 0.86% 0.00%
31-Mar-2018 22-Nov-2017 30-Sep-2017 2 251,613 7,886 7,445 6,973 - 672,936 - % 2.96% 1.04% 1,002,736 25.09 25.09 0.70 0.70 0.00 0.00 0.6711 0.67   -19.68%   -21.32% 29-Sep-2017 1.24 4.94 178.32 1.85 0.56% 0.00% 22-Nov-2017 1.19 4.74 171.13 1.77 0.58% 0.00%
31-Mar-2018 23-Aug-2017 30-Jun-2017 1 137,578 9,502 8,902 8,681 - 666,217 - % 6.47% 1.30% 1,002,736 13.72 13.72 0.87 0.87 0.00 0.00 0.6644 0.66   -28.42%   2.09% 30-Jun-2017 1.39 10.13 160.56 2.09 0.62% 0.00% 23-Aug-2017 1.34 9.77 154.78 2.02 0.65% 0.00%
31-Mar-2017 23-May-2017 31-Mar-2017 4 285,454 12,718 10,993 12,127 - 685,670 - % 3.85% 1.77% 1,002,736 28.47 28.47 1.21 1.21 0.00 0.00 0.6838 0.68   114.11%   545.40% 31-Mar-2017 1.32 4.64 109.15 1.93 0.92% 0.00% 23-May-2017 1.55 5.44 128.16 2.27 0.78% 0.00%
31-Mar-2017 20-Feb-2017 31-Dec-2016 3 181,194 6,840 6,056 5,664 - 673,036 - % 3.34% 0.84% 1,002,736 18.07 18.07 0.56 0.56 0.00 0.00 0.6712 0.67   -36.09%   732.14% 30-Dec-2016 0.905 5.01 160.22 1.35 0.62% 0.00% 20-Feb-2017 1.28 7.08 226.61 1.91 0.44% 0.00%
31-Mar-2017 24-Nov-2016 30-Sep-2016 2 166,390 9,887 9,163 8,862 - 667,320 - % 5.51% 1.33% 1,002,736 16.59 16.59 0.88 0.88 0.00 0.00 0.6655 0.67   4.22%   -41.67% 30-Sep-2016 0.90 5.42 101.84 1.35 0.98% 0.00% 24-Nov-2016 0.91 5.48 102.97 1.37 0.97% 0.00%
31-Mar-2017 23-Aug-2016 30-Jun-2016 1 236,336 10,349 8,896 8,503 - 658,496 - % 3.76% 1.29% 1,002,736 23.57 23.57 0.85 0.85 0.00 0.00 0.6567 0.66   352.53%   -20.66% 30-Jun-2016 0.92 3.90 108.49 1.40 0.92% 0.00% 23-Aug-2016 0.92 3.90 108.49 1.40 0.92% 0.00%
31-Mar-2016 24-May-2016 31-Mar-2016 4 161,008 2,667 2,088 1,879 - 649,973 - % 1.30% 0.29% 1,002,736 16.06 16.06 0.19 0.19 0.00 0.00 0.6482 0.65   309.71%   107.75% 31-Mar-2016 0.92 5.73 490.96 1.42 0.20% 0.00% 24-May-2016 0.915 5.70 488.29 1.41 0.20% 0.00%
31-Mar-2016 24-Feb-2016 31-Dec-2015 3 149,876 -1,169 -1,446 -896 - 648,068 - % -0.96% -0.14% 1,002,736 14.95 14.95 -0.09 -0.09 0.00 0.00 0.6463 0.65   -105.90%   -106.09% 31-Dec-2015 1.00 6.69 -1,119.13 1.55 -0.09% 0.00% 24-Feb-2016 0.92 6.16 -1,029.60 1.42 -0.10% 0.00%
31-Mar-2016 17-Nov-2015 30-Sep-2015 2 60,177 16,033 15,975 15,194 - 648,970 - % 26.55% 2.34% 1,002,736 6.00 6.00 1.52 1.52 0.00 0.00 0.6472 0.65   41.77%   82.09% 30-Sep-2015 0.835 13.91 55.11 1.29 1.81% 0.00% 17-Nov-2015 0.845 14.08 55.77 1.31 1.79% 0.00%
31-Mar-2016 18-Aug-2015 30-Jun-2015 1 163,948 12,118 11,143 10,717 - 633,829 - % 6.80% 1.69% 1,002,736 16.35 16.35 1.07 1.07 0.00 0.00 0.6321 0.63   144.23%   -72.75% 30-Jun-2015 1.03 6.30 96.37 1.63 1.04% 0.00% 18-Aug-2015 0.87 5.32 81.40 1.38 1.23% 0.00%
31-Mar-2015 25-May-2015 31-Mar-2015 4 16,340 -24,260 -24,032 -24,232 - 622,799 - % -147.07% -3.89% 1,002,736 1.63 1.63 -2.42 -2.42 0.00 0.00 0.6211 0.62   -264.60%   69.53% 31-Mar-2015 1.03 63.21 -42.62 1.66 -2.35% 0.00% 25-May-2015 1.02 62.59 -42.21 1.64 -2.37% 0.00%
31-Mar-2015 25-Feb-2015 31-Dec-2014 3 1,759 15,010 14,765 14,722 - 653,182 - % 839.40% 2.25% 1,002,736 0.18 0.18 1.47 1.47 0.00 0.00 0.6514 0.65   76.44%   - % 31-Dec-2014 1.00 570.06 68.11 1.54 1.47% 0.00% 25-Feb-2015 1.11 632.77 75.60 1.70 1.32% 0.00%
31-Mar-2015 27-Nov-2014 30-Sep-2014 2 2,665 8,467 8,453 8,344 - 449,084 - % 317.19% 1.86% 705,221 0.38 0.27 1.18 0.83 0.00 0.00 0.6368 0.45   -78.79%   - % 30-Sep-2014 1.06 280.50 89.59 1.66 1.12% 0.00% 27-Nov-2014 1.13 299.02 95.51 1.77 1.05% 0.00%
31-Mar-2015 28-Aug-2014 30-Jun-2014 1 2,618 41,005 39,499 39,335 - 166,170 - % 1,508.75% 23.67% 573,396 0.46 0.26 6.86 3.92 0.00 0.00 0.2898 0.17   149.46%   - % 30-Jun-2014 1.26 275.97 18.37 4.35 5.44% 0.00% 28-Aug-2014 1.16 254.06 16.91 4.00 5.91% 0.00%
31-Mar-2014 23-May-2014 31-Mar-2014 4 1,582 -80,280 -80,503 -79,525 - 122,670 - % -5,088.69% -64.83% 554,567 0.29 0.16 -14.34 -7.93 0.00 0.00 0.2212 0.12   -236.69%   - % 31-Mar-2014 1.22 0.00 0.00 5.52 0.00% 0.00% 23-May-2014 1.29 0.00 0.00 5.83 0.00% 0.00%
31-Jan-2014 17-Mar-2014 31-Jan-2014 4 2,009 58,361 58,309 58,179 - 197,808 - % 2,902.39% 29.41% 548,858 0.37 0.20 10.60 5.80 0.00 0.00 0.3604 0.20   - %   551.00% 30-Jan-2014 1.18 322.38 11.13 3.27 8.98% 0.00% 17-Mar-2014 1.21 330.57 11.42 3.36 8.76% 0.00%
31-Mar-2014 31-Dec-2013 3 0 0 0 0 - - - % - % - % 575,161 - - 0.00 0.00 0.00 0.00 - -   - %   - % 31-Dec-2013 1.22 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Jan-2014 31-Dec-2013 31-Oct-2013 3 1,955 -7,058 -7,065 -7,132 - 148,449 - % -361.38% -4.80% 575,161 0.34 0.19 -1.24 -0.71 0.00 0.00 0.2581 0.15   - %   5.11% 31-Oct-2013 1.24 364.81 -100.00 4.80 -1.00% 0.00% 31-Dec-2013 1.22 358.92 -98.39 4.73 -1.02% 0.00%
31-Mar-2014 30-Sep-2013 2 0 0 0 0 - - - % - % - % 57,288 - - 0.00 0.00 0.00 0.00 - -   - %   - % 30-Sep-2013 1.18 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Jan-2014 27-Sep-2013 31-Jul-2013 2 3,264 -951 -1,202 -1,289 - 15,244 - % -36.83% -8.46% 57,288 5.70 0.33 -2.25 -0.13 0.00 0.00 0.2661 0.02   - %   56.41% 31-Jul-2013 1.24 21.76 -55.11 4.66 -1.81% 0.00% 27-Sep-2013 1.22 21.41 -54.22 4.58 -1.84% 0.00%
31-Mar-2014 30-Jun-2013 1 0 0 0 0 - - - % - % - % 528,999 - - 0.00 0.00 0.00 0.00 - -   - %   - % 28-Jun-2013 1.12 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Jan-2014 28-Jun-2013 30-Apr-2013 1 5,100 -2,849 -3,038 -3,174 - 98,446 - % -59.57% -3.22% 528,999 0.96 0.51 -0.60 -0.32 0.00 0.00 0.1861 0.10   - %   -1,843.96% 30-Apr-2013 0.96 99.58 -160.00 5.16 -0.63% 0.00% 28-Jun-2013 1.12 116.17 -186.67 6.02 -0.54% 0.00%
31-Mar-2013 31-Mar-2013 0 0 0 0 - 0 - % - % - % 516,000 - - 0.00 0.00 0.00 0.00 0.0000 0.00   - %   - % 29-Mar-2013 1.01 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Jan-2013 29-Mar-2013 31-Jan-2013 4 4,364 -12,671 -12,898 -12,900 - 100,052 - % -295.55% -12.89% 516,000 0.85 0.44 -2.50 -1.29 0.00 0.00 0.1939 0.10   -71.63%   -156.79% 31-Jan-2013 0.875 103.46 -35.00 4.51 -2.86% 0.00% 29-Mar-2013 1.01 119.42 -40.40 5.21 -2.48% 0.00%
31-Jan-2013 28-Dec-2012 31-Oct-2012 3 4,076 -7,182 -7,405 -7,516 - 118,913 - % -181.67% -6.32% 536,857 0.76 0.41 -1.40 -0.75 0.00 0.00 0.2215 0.12   -154.18%   -847.12% 31-Oct-2012 1.05 138.30 -75.00 4.74 -1.33% 0.00% 28-Dec-2012 1.07 140.93 -76.43 4.83 -1.31% 0.00%
31-Jan-2013 26-Sep-2012 31-Jul-2012 2 4,445 -2,528 -2,865 -2,957 - 114,879 - % -64.45% -2.57% 492,833 0.90 0.44 -0.60 -0.29 0.00 0.00 0.2331 0.11   -1,724.73%   -196.32% 31-Jul-2012 1.05 116.42 -175.00 4.50 -0.57% 0.00% 26-Sep-2012 1.01 111.98 -168.33 4.33 -0.59% 0.00%
31-Jan-2013 27-Jun-2012 30-Apr-2012 1 4,972 534 299 182 - 145,782 - % 6.01% 0.12% 606,666 0.82 0.50 0.03 0.02 0.00 0.00 0.2403 0.15   -99.20%   -81.76% 30-Apr-2012 1.20 146.42 4,000.00 4.99 0.02% 0.00% 27-Jun-2012 1.02 124.46 3,400.00 4.24 0.03% 0.00%
31-Jan-2012 30-Mar-2012 31-Jan-2012 4 4,966 23,074 22,767 22,715 - 124,173 - % 458.46% 18.29% 517,603 0.96 0.50 4.40 2.27 0.00 0.00 0.2399 0.12   2,157.95%   184.98% 31-Jan-2012 1.34 139.67 30.53 5.59 3.27% 0.00% 30-Mar-2012 1.24 129.24 28.26 5.17 3.54% 0.00%
31-Jan-2012 29-Dec-2011 31-Oct-2011 3 3,844 1,333 1,092 1,006 - 98,990 - % 28.41% 1.02% 502,999 0.76 0.38 0.20 0.10 0.00 0.00 0.1968 0.10   -67.23%   105.21% 31-Oct-2011 1.03 134.78 515.00 5.23 0.19% 0.00% 29-Dec-2011 1.19 155.72 595.00 6.05 0.17% 0.00%
31-Jan-2012 29-Sep-2011 31-Jul-2011 2 4,713 2,854 3,162 3,070 - 99,979 - % 67.09% 3.07% 511,666 0.92 0.47 0.60 0.31 0.00 0.00 0.1954 0.10   207.62%   326.40% 29-Jul-2011 1.12 121.59 186.67 5.73 0.54% 0.00% 29-Sep-2011 0.99 107.48 165.00 5.07 0.61% 0.00%
31-Jan-2012 17-Jun-2011 30-Apr-2011 1 6,252 1,514 1,110 998 - 0 - % 17.75% - % 498,999 1.25 0.62 0.21 0.10 0.00 0.00 0.0000 0.00   103.73%   129.42% 29-Apr-2011 1.27 101.36 635.00 0.00 0.16% 0.00% 17-Jun-2011 1.20 95.78 600.00 0.00 0.17% 0.00%
31-Jan-2011 31-Mar-2011 31-Jan-2011 4 7,479 -26,424 -26,742 -26,730 - 90,973 - % -357.56% -29.38% 472,588 1.58 0.75 -5.60 -2.67 0.00 0.00 0.1925 0.09   -38.44%   -368.29% 31-Jan-2011 1.53 96.68 -27.05 7.95 -3.70% 0.00% 31-Mar-2011 1.53 96.68 -27.05 7.95 -3.70% 0.00%
31-Jan-2011 30-Dec-2010 31-Oct-2010 3 4,747 -16,076 -19,283 -19,308 - 66,023 - % -406.21% -29.24% 470,926 1.01 0.47 4.10 -1.93 0.00 0.00 0.1402 0.07   -1,323.89%   -15.79% 29-Oct-2010 0.98 97.22 -23.90 6.99 -4.18% 0.00% 30-Dec-2010 1.33 131.94 -32.44 9.49 -3.08% 0.00%
31-Jan-2011 29-Sep-2010 31-Jul-2010 2 6,928 -859 -1,282 -1,356 - 79,280 - % -18.50% -1.71% 451,999 1.53 0.69 -0.30 -0.14 0.00 0.00 0.1754 0.08   60.02%   88.85% 30-Jul-2010 0.92 60.02 -306.67 5.25 -0.33% 0.00% 29-Sep-2010 0.95 61.98 -316.67 5.42 -0.32% 0.00%
31-Jan-2011 30-Jun-2010 30-Apr-2010 1 8,841 -3,129 -3,314 -3,392 - 86,399 - % -37.48% -3.93% 484,571 1.82 0.88 -0.70 -0.34 0.00 0.00 0.1783 0.09   40.57%   -1,456.80% 30-Apr-2010 0.44 24.12 -62.86 2.47 -1.59% 0.00% 30-Jun-2010 0.98 53.71 -140.00 5.50 -0.71% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  5 people like this.
 
iamwen https://www.nst.com.my/news/nation/2018/11/433191/50-year-concession-wce-necessary-lower-toll-rates
22/11/2018 15:57
paperplane wow, good
22/11/2018 16:13
wildwildEAST Fund manager buying like paperplane said?
22/11/2018 17:26
RainT Funny .....when share price up ...all the jokers appear say WCEHB this and that good
23/11/2018 09:27
alone http://www.wce.com.my

Can go to see the progress of the road... So slow
23/11/2018 19:53
SHUECHABOO Projek baru mula, MWE beli 26% pada harga RM1.35 sesaham. Mahu tunggu projek sudah siap baru mula beli ke? Kalau projek sudah siap atau 90% siap, harga saham WCEHB sudah jadi RM6.90 bukan lagi macam harga sekarang 690 sen!
25/11/2018 23:17
RainT Menjadi rm6.90?

Jangan mimpi la

Masih panjang masa

PH akan keluar polisi bodoh yang akan memberi kesan buruk kepada toll company
26/11/2018 10:36
RainT Sekarang harga jatuh lagi

Beberapa hari uptrend take boleh tahan

Balik kepada downtrend
26/11/2018 10:39
alone Sell sell sell
26/11/2018 11:26
powerinvestor even sell no one wants to buy
27/11/2018 17:57
RainT Habis ....qtr result out ...profit big drop
28/11/2018 23:39
RainT The budgeted costs for IJMC -KEB JV can be revise to go up ?

I thought fix already when sign the agreement ....budgeted cost ya ....maybe not fix depend on market material price
28/11/2018 23:49
alone How to calculate the right issue?
29/11/2018 01:54
tiptop168 Right issue price 0.32....finished
30/11/2018 15:50
RainT I don't want to see WCEHB for now

Close eyes on WCEHB , after qtr result will see again
02/12/2018 11:47
Choivo Capital Hmm so the new one means that, you need to hold 200 shares, to get the 300rcps and 100 warrant.
08/12/2018 08:46
Outliar How does it work? Do you get them automatically?
08/12/2018 10:12
RainT drop 9% ,no eyes see

with no reason that relate to its fundamental, it drop 9%
18/12/2018 16:35
Choivo Capital Once you sign/pay up for the right issue. Then yeah.


===
Outliar How does it work? Do you get them automatically?
08/12/2018 10:12
24/12/2018 10:06
markstrong MWE and Mamee related parties

https://klse.i3investor.com/servlets/forum/904959459.jsp?fp=2
29/12/2018 15:20
Choivo Capital Yeah, thats common knowledge
30/12/2018 14:01
RainT HI ALL

I still could not understand

My theory on WCEHB are :

1. Pang MAMEE & IJM bought well high than current share price RM0.505

(are they feeling fooled or pain buy paying more previously but now can get the shares at much lower prices ?0

2. toll is cash generating biz

3. PH gomen won't cancel toll for now (at least)

this all proof that WCEHB share price is undervalue now , and drop so many (due to all Marco economy condition also bad)

but will WCEHB shine in future ? when the highway completed ?
31/12/2018 11:27
Mark Strong Pang the conman wants the price to be low. IJM has been buying at RM1.00. Now they stop. How come?

Because they wan small fish to die. They do not care about investors. They only care about themselves.

These guys are the worst conman around. How did they get a highway projct? Think.
31/12/2018 16:53
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 05:20
paperplane 2019 start partially right
02/01/2019 08:02
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
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 17:12
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 22:29
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 22:43
paperplane Cheers. This project cost how much, concession how long,traffic projection, toll rate etc....Cost per km???hehe
13/01/2019 22:45
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 23:14
RainT When the right issue will come out ?
16/01/2019 16:49
Mar Yung Chern felicity still hold this stock?
16/01/2019 17:51
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 23:20
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 16:01
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
RainT so

bye bye for now

might came back later if drop below 30 cents

release capital & move on first
28/01/2019 09:38
shareinvestor88 SELL SELL TP 10c
10/02/2019 00:41
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 06:12
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 15:58
uptrending Ok,
Then just discount it by 30%...
Still good...
:)
13/02/2019 19:49
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 09:35
uptrending walao!
Betul kah?
Tak berapa paham yeh!
Sila jelaslan apa maknanya TP semua ini!

:)
14/02/2019 10:02
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
Shinnzaii wew...back to 48-50sen?
18/02/2019 10:29
davidkkw79 Right issue at 50 sen... what do u expect it can up ?
18/02/2019 10:29
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
sheep will be under-subscribe like sap
19/02/2019 15:14
law888 Buy call
20/02/2019 19:55
Mohd Luqman any news
19/03/2019 10:42