got transaction insider at price 2.20.

possible fall back to 1.75

dun chase ah

broken support level, going to downtrend more.

Hi SJsoon, thanks for your great work.
Can you include the "investment holding and other", it seen like every Q negative profit.

plantation need another 2 years to start contribute, now still lose. (amortization on biological assets)

plantation segment PBT Q1 (629) Q2 (438) Q3 (524). Why your calculation is positive?

券商 ：JF Apex證券研究
　目標價：2.81令吉

嘉登（GADANG，9261，主要板建築）多元業務組合備受看好，相比去年業績，剛出爐業績具亮眼表現，加上房產業提高盈利，我們認為這間公司值得買進。

　我們看好該公司業務多元化，有建築、房產、公用業務和種植業，同時我們認同該公司經營方式，與Capital City房產私人有限公司聯營，以快速周轉策略有望帶動該公司中期盈利。

　在聯營協議下，Capital City房產需支付該子公司Achwell房產最終工程發展總值的16.7%，包括5750萬令吉土地價值在內，最高將支付3億2400萬令吉，因此我們相信該項計劃將提供嘉登持續性收入來源，同時加強公司名譽。

　此外，該公司位于柔佛淡培路（Jalan Tampoi）發展計劃，約70%或發展總值達13億令吉土地是用于發展零售商場，剩余部分將作為辦公室與酒店發展，預計該項目將獲得熱烈反應，因為據悉已有超過3億令吉的零售商店將被訂購。

　我們上調之前低估的財測，2014至 2016財年上調幅度介于5%至49%；預計該公司未來3年財年盈利為，2014年財年增長143.3 %、2015年增57.2%和2016年揚46.8%。

　嘉登25日（週五）閉市收1.88令吉，起1仙，全日成交量653萬2700股。
未來5年最佳的賺錢機會，千萬別再錯過!

LOL.Senior management already give you hint on today release result.
why still so fear.hehe

why no drop today de?

let rock and roll
-rickroll

Very seldom to find a diversify business company that still undervalue.
For me, every drop is a buy for me.
Please sell more and drop more.
i still not finish collect

see the volume then you know more is coming

TP3.20

Sold. Thanks

0.455 !!!!

buy when ppl fear..

maybe no dividend..
last time management already say possible no dividend payout

add me pls : psyjyee@yahoo.com

【目标价：3.10令吉】

最新进展：WCT（WCT，9679，主板建筑股）获准发行总值16亿令吉的新债券。证券监督委员会（SC）近期批准WCT分批发行为期1至6年，6亿令吉中期票据。

而在上月，证监会也批准该公司发行最高价值10亿令吉、为期15年的中期票据。

70%筹得的资金，将为现有的贷款再融资，并节省约0.6%的贷款利息。其余资金则充当营运资本和增加地库。

行家建议：WCT的债务增至7亿令吉，净资本负债比率从3月31日的0.3倍增至0.5倍，但仍在可管理水平。我们维持“增持”评级，目标价为3.10令吉。

由于WCT旗下有发展总值110亿令吉的产业发展计划，加上旗下投资产业增加，管理层预测，集团未来几年净利增长每年可达15至20%，与我们的预估相符。

产业发展和产业投资的收入，目前占营运盈利的30%，预计在5年内会增至60%。

我们认为，WCT仍在为其核心竞争力———建筑业务增值。

另外，由于产业业务盈利变得更显著，我们相信该股评级仍有上修的空间。

It is interesting to note that WCT-WB warrant price response exaggerate for every movement of its underlying share, WCT. The 2-3 sen down from WCT also follow by its WB, but in turn of percentage, WCT only down by <1%, while WB down >10%. Nonetheless, it is understandable as WB gearing is almost 10x of its underlying share, 27 sen vs. RM 2.45

I do acknowledge that the warrant expire in 7 month time, due Apr 2013, the premium now is about 13%, exercise price at 2.50. The warrant was issue back in 2008, issue at cost 25sen on 1 for 5 underlying share.

Since there is close relationship between warrant and underlying share, any good news for WCT will be follow by its warrant now.

WCT is expect to announce its Q2 result by middle of these month, which will come with interim dividend payout of at least 5sen. WCT also scheduled to have EGM on 14 of these month to conclude deal for acquisition landbank in OUG for total 450m. These piece of land have GDV more than 4b, situated in mature area, next before Endah parade along KESAS.

Currently WCT already secure more than 1b job, namely HQ for MITI, Medical center in Sabah, widening Plus highway, Vale projects. and is targeting to secure addition 1b by end of these year. This is sharp contras compared to last year, whereby WCT only manage to secure 187m.

In turn of WCT revenue breakdown, infra and construction still contribute more than 70%, follow by property development and property investment. However, the ratio going to change soon, as WCT already embark more aggressive in property development, especially high end , high rise development. Its first venture in Iskandar, IMedin, GDV 700m received take up rate 90%. Its upcoming EGM, if approve, will allow WCT venture outside klang to KL (OUG), plan to build integrated high rise condo + SOFO + mall + hotel

WCT also building up its property investment namely exiting Aeon Bukit Tinggi + 1st 4 star Premier Hotel, and newly open Paradigm Mall (91% occupied) + 2rd premier Hotel in kelana Jaya. The paradigm will be wholly manage by WCT itself rather than lease out like Aeon Bukit Tinggi, which could command higher earning. By next year, another mall, Gateway in KLIA2 will be ready. All in all, these property investment will at least PAT 40m pa onwards. WCT also build up its landbank in Rawang, replicate its success in Bukit Tinggi Township in klang

WCT ultimate aim is to diversify its earning based into more sustainable, breaking into 45% infra/construction: 30% property development: 25% property investment

sOUCE : nexttrade

WCT

评级：买入

目标价：3.76令吉

WCT在过去30年间，完成了超过300项国内外建筑计划，总值达198亿令吉。

以该集团目前在手的35亿令吉合约订单，WCT或可成为敦拉萨国际贸易中心的领跑者。分析员根據该集团5年平均的16.5倍本益比。

KUALA LUMPUR: WCT Bhd's unit Jelas Puri Sdn Bhd has received the Securities Commission's approval for a RM600mil medium term note (MTN) programme.

It said on Thursday the tenure of the MTN programme would be up to six years from the date of first issuance of MTNs.

“The MTNs will be issued via private placement on an unrated basis. The MTNs are not transferable and shall not be tradable in the secondary market,” it said.

WCT said proceeds from the issuance of the MTNs would be used to repay Jelas Puri's existing bank loans, as repayment for holding company and related company's advances.

The proceeds would also be used to finance the construction of office tower blocks, car park, food court and a hotel and service residence block within the Paradigm project in Petaling Jaya.

WCT 2QFY12 FINANCIAL RESULT on 15 AUG 12

Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 26/07/2012

Announcement Detail:
Subject: WCT-CONVERSION OF 26,300 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES 2007/2012 OF RM0.10 EACH INTO 5,260 NEW ORDINARY SHARES OF RM0.50 EACH ("CONVERSION")

Contents: Kindly be advised that the abovementioned Company's additional 5,260 new ordinary shares of RM0.50 each arising from the aforesaid Conversion will be granted listing and quotation with effect from 9.00a.m., Friday, 27 July 2012.

建筑股下半年2大亮点
財经 2012年7月25日

（吉隆坡25日讯）除了捷运系统（MRT）之外，隨著吉隆坡市中心可开发地皮日益匱乏，发展商接下来陆续把旧楼宇翻新成高档產业的重建工程，將是建筑界另一大亮点。此外，在全国大选的带动下，下半年会是建筑股的进场良机。

目前，尤其是金三角地带的黄金地段买少见少，其现代新建广场如柏威年、飞轮海88、The Intermark及St Mary服务式公寓都是重建后的產物。

有了上述成功经验，安联研究看好將市区旧楼的业者为提升產业价值，將出现旧楼重建趋势。

而目前已有数项重建工程蓄势待发。

其中，贵都酒店（Hotel Equatorial）扩大工程將耗资5亿令吉；国民投资公司（PNB）把收购回来的马航大厦打造成甲级办公楼加酒店综合產业，建筑成本达7亿令吉。

贸易风机构（TWSCORP，4804，主板贸服股）重建皇冠大酒店及国际商场成贸易风中心，发展总值（GDV）达60亿令吉。作为贸易风机构姐妹公司的吉崚（ZELAN，2283，主板建筑股）有望获得贸易风中心部分合约工程。

至於格立斯建筑（CRESBLD，8591，主板建筑股）与国家基建公司负责的金马律轻快铁车站重建工程，GDV价值10.4亿令吉，建筑成本4亿令吉。

其它已宣佈的重建项目还有黎明小学、OSK大厦、MPL大厦及朱兰广场（Chulan Square）。「这些重建工程將让承建商受惠。」

当中料获益最大者，尤以君悦酒店（Grand Hyatt）与Troika高档公寓打响名堂的怡保工程（IJM，3336，主板建筑股）、以及凭著檳再大厦、实达空中豪苑及Vertica楼盘在高档產业界树立名声的格立斯建筑。

其它中小型承建商方面，负责打造国际贸易及工业部（MITI）新总部的WCT有限公司（WCT，9679，主板建筑股）、获颁大马公共工程局（JKR）道路工程的阿末查基（AZRB，7078，主要板建筑股）及在苏丹依斯迈路建有服务公寓的成荣集团（MUDAJYA，5085，主板建筑股）也在市区內进行部份的高档產业活动。

另一方面，联昌国际研究分析员指出，全国大选会是下半年建筑领域的主要驱动力，看好大选前的消息能扶持特定建筑股，有助该领域重估。

鉴於多项合约集中在末季颁出，加上国內政治因素，分析员维持「短线买进」建筑领域股项，中短期內看好中型建筑股如WCT有限公司及成荣集团。「这两家公司股价仍落后，贏取的合约也落后同行，本益比估值仍具吸引力。」

富时建筑指数年至今仍跑输大市9.8%，安联研究维持该领域「增持」评级。待大选尘埃落定后，將进行重估。当前首选股项为金务大（GAMUDA，5398，主板建筑股）及成荣集团。

WCT close Period on 16-07-12
hence
WCT Q2 financial result most probably will be on 16-08-12
which similiar to last year annoucement date.

Announcement Date = 16/08/2011
Financial Year = 31/12/2011
Quarter Number = 2
Financial Quarter = 30/06/2011
Revenue(RM,000)= 375,934
Profit Before Tax (RM,000)= 50,799
Net Profit(RM,000)= 37,789
Earning Per Share (Cent)= 4.71
Dividend(Cent)= 5.00
NTA (RM)= 1.730

Bro Chong, 2011 Q2 announce on 16/8, assume 2012 Q2 also announce on mid of Aug, it is risky to collect now?

strong support at 0.30

bro chong, pls add me : psyjyee@yahoo.com

Name Code : WCT-WB 9679WB
Maturity Date : 22/04/2013
Days To Maturity :995
Exercise Price (RM)3.000

selling pressure still high..

無條件强制性收购 - This mean SEG have 46days to revise the GO price.

recession coming..
stock,gold will fall and follow by property.
not a right time to change job also..