KWAP(gov fund) is buying.

Oil prices soar on global producer deal to cut crude output
http://www.theedgemarkets.com/my/article/oil-prices-soar-global-producer-deal-cut-crude-output

Oil prices soar on global producer deal to cut crude output
http://www.theedgemarkets.com/my/article/oil-prices-soar-global-producer-deal-cut-crude-output

FGV to grow TMLO cluster revenue to RM12.6b by 2020
Read More : http://www.nst.com.my/news/2016/12/196297/fgv-grow-tmlo-cluster-revenue-rm126b-2020

Oil soars as non-OPEC producers agree on caps
Read More : http://www.nst.com.my/news/2016/12/196199/oil-soars-non-opec-producers-agree-caps?utm_source=nst&utm_medium=nst&utm_campaign=nstrelated

FGV to grow trading, marketing, logistics and others(TLMO) cluster to RM 12.6 b by 2020-NST 12th Dec.

The TLMO cluster is also expected to record profit before tax of RM 301 million from a loss of RM 15 million last year.

TP RM 1.80.
http://www.thestar.com.my/business/business-news/2016/12/09/aminvestment-research-upgrades-sapurakencana/

Next week M'sia and S'pore will sign HSR agreement. Hopefully Vivo can move after that.

EPF bought 500K SKP.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5284969

QR out. EPS 2.66 sen; best QR this year.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5284409

Finally catching up today. Can reach CIMB price(similar latest QR EPS)?

Unlike construction companies UEM S is sure winner for their landbank in Nusajaya for HSR.

I think people are waiting what will happen between Pav Reit and WCT Reit. That is only way Desmond Lim can recover his RM 2.5 investment in WCT or he will lose heavily.

At least govn fund KWAP, Tabung Haji is buying FGV. If FF join as well sky is the limit for FGV. CPO big surge recetly will surely benefit big CPO producer like FGV. Sugar hike 30% in Nov will benefit MSM which FGV is majority share holder.

Najib: KL-Singapore high-speed rail deal to be inked next week
http://www.thestar.com.my/news/nation/2016/12/06/kl-singapore-high-speed-rail-deal-to-be-inked-next-week-says-najib/

Meaning market is valuing WCT business like reit and property development RM 100 million?

Suncon(pure construction) market cap (MC) RM 2.1 billion vs WCT MC RM 2.2 billion(construction+reit(shopping malls)+property) why cannot buy WCT more for having 3 businesses vs 1 in Suncon?

MRT 2 project won recently. What else WCT can win? LRT3?

If BN want to have landslide win in Sarawak coming GE 14 CMSB must be given more projects. Is it true CM Adenan?

WCT Holdings (BUY) - Construction bleeds
Date: 22/11/2016

Source : HLG
Stock : WCT Price Target : 2.14 | Price Call : BUY
Last Price : 1.76 | Upside/Downside : +0.38 (21.59%)

Back
Results
WCT reported 3QFY16 results with revenue of RM414m (+11% YoY, -29% QoQ) and core earnings of RM20m (+181% YoY, -8% QoQ). Cumulative 9MFY16 core earnings amounted to RM74m, increasing +161% YoY amid a low base last year.
Deviation
While 9M revenue was inline at 75% of our full year forecast, core earnings disappointed at only 61% (consensus: 56%).
The disappointment resulted from the construction division which suffered losses in 3Q (EBIT: -RM3m). This is rather surprising as 2HFY16 was expected to witness a margin recovery, fuelled by the contribution of its newer jobs that were secured last year.
Dividends
None declared.
Highlights
Job wins have been strong. WCT has managed to secure RM1.4bn worth of jobs YTD (FY15: RM3bn), with the latest being the MRT2 from Bandar Malaysia South to Kg Muhibbah (RM896m). With this, we estimate its orderbook to stand at RM4.4bn, translating to a healthy cover 3.8x on FY15 construction revenue.
Changes major shareholder. Earlier this month, WCT saw a significant change in its major shareholders with founders Mr Tiang and Mr Wong (via WCT Capital) exiting the company by selling their 19.7% stake to property mogul, Tan Sri Desmond Lim (TS Lim) at RM2.50/share.
A new direction? We reckon that the emergence of TS Lim in WCT could feed it with building related jobs from the former’s property companies (e.g. Malton). Also, given the common shareholding between WCT and PREIT, we cannot discount the possibility of the former’s malls eventually being injected into the latter.
Risks
WCT’s net gearing is high at 88% while earnings delivery lacks consistency from quarter to quarter.
Forecasts
We cut FY16-18 earnings by 17%, 12% and 8% respectively to reflect a less than promising recovery in its construction margins as earlier envisioned.
Rating
BUY rating under review, TP: RM2.14

While the results were uninspiring, we reckon that the emergence of TS Lim at a 30% premium to the last share price close could offer a buffer on the downside.
Our BUY rating is under review pending today’s briefing where we shall seek more clarity on its margin outlook and more importantly, strategic direction going forwards as brought by its new major shareholder.
Valuation
Despite the earnings cut, our SOP based TP is relatively unchanged at RM2.14 (from RM2.12) as we roll over from mid-CY17 to FY17. This implies FY16-17 P/E of 26.8x and 18.4x respectively
Source: Hong Leong Investment Bank Research - 22 Nov 2016
http://klse.i3investor.com/servlets/ptres/38385.jsp

Tabung Haji always buy. Near GE KWAP join buying as well?

Gov fund KWAP buying.

EPF buys CIMB Bank’s stakes in real estate funds for RM123mil
http://www.thestar.com.my/business/business-news/2016/12/06/epf-buys-cimb-banks-stakes-in-real-estate-funds-for-rm123mil/

Najib: KL-Singapore high-speed rail deal to be inked next week
http://www.thestar.com.my/news/nation/2016/12/06/kl-singapore-high-speed-rail-deal-to-be-inked-next-week-says-najib/

EPF buying.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5282433

Agree. That's why people like him cannot own a single counter. All his postings are talking bad. Poor people.

monkeyinvestor beso guessed it wrong!
02/12/2016 11:06

Tabung Haji continue to buy.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5282657

You are wrong. CMSB is cement stock so should compare with Tasek and LaFarge in latest QR.

Tan Toh Fei crystal168 is right after i read the reports figures .... over priced.
02/12/2016 11:46

GE 14 coming soon. Hope Vivocom can get more contracts because BN need to win Sarawak state with big majority.

CPO Jan 2017 3134/tn.
http://www.bursamalaysia.com/market/derivatives/prices/

PM trip to China has at least boost CPO price to above RM 3000/tn currently. As biggest CPO producer in M'sia FGV should be biggest beneficiary.

I alone no power. If 550,000 Felda settlers call it maybe different.

Posted by lck1300 > Dec 6, 2016 10:28 AM | Report Abuse
BN_menang fast fast call them boost up the share to RM2 XD , low volume now ..... seem all exhuasted

Anyone know when is signing date for HSR with S'pore?

6 Felda seats lost in GE 13. How can govn lose more Felda seats in GE 14 if BN want to remain in power?

Oil tops US$55 for first time in 16 months as OPEC deal fuels buying
http://www.theedgemarkets.com/my/article/oil-tops-us55-first-time-16-months-opec-deal-fuels-buying

TP RM 3.36? Fast-fast sell.

Najib: General election anytime soon.
http://www.msn.com/en-my/news/national/najib-general-election-anytime-soon/ar-AAkZfkU?li=AAaD62f&ocid=spartanntp

After PAU GE coming.
abong Beware! PAU over, FGV also over........price may retreat....
01/12/2016 20:17

Oil continue up means govn has money to implement projects like HSR, ECRL, Gemas-JB double tracking railway etc sooner.

Malaysia's Najib warns of 'nightmares' if ruling party loses power
http://www.theedgemarkets.com/my/article/malaysias-najib-warns-nightmares-if-ruling-party-loses-power

Najib ravages the DAP in keynote speech(Felda and Tabung Haji mentioned by PM).
http://www.msn.com/en-my/news/national/najib-ravages-the-dap-in-keynote-speech/ar-AAkZmko?li=AAaD62f&ocid=spartanntp

Agree. Or else EPF book not nice looking this year.

goldentriangle engine just warm up only, oil price up and market sentiments become better and better
so, it at least can break above 1.8x by end of December and 2017 will continue to rise above 2.00 !
wow, now KLSE already up 9 points ++ , by end of December should break above 1680 points
already !
01/12/2016 11:08

Why never mention tax increase for profit drop?

Actually many stocks CIMB promote went sky high eg IFCA, OWG, Hevea, etc. Why it is not happening in Vivo?

Good for CIMB actually.

The research report had been pulled out of the investment bank’s website, but not before it had been noticed by blogging sites that discuss corporate governance issues in Malaysia.

Meaning i3? Who read and make complain?
http://www.thestar.com.my/business/business-news/2016/12/01/sc-and-bank-begin-probe-on-vivocom-research-report/

3 GLC funds EPF, KWAP, Tabung Haji were buying in latest Bursa announcement.

If Desmond Lim doesn't do anything he lose 75 sen for nothing?

SKP is profitable whereas DRB is in red and will remain so until Proton successfully sold.

Best QR this year. Can reach RM 4.5-5 by GE 14 to win Sarawak state?

RM 3 before GE 14.