WCE HOLDINGS BERHAD

KLSE (MYR): WCEHB (3565)

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Last Price

0.30

Today's Change

0.00 (0.00%)

Day's Change

0.295 - 0.30

Trading Volume

246,400


6 people like this.

2,887 comment(s). Last comment by albertyek 4 days ago

Posted by shah800710 > 2 months ago | Report Abuse

Latest qr still loss.No update about which latest section will open next...

Edge

77 posts

Posted by Edge > 2 months ago | Report Abuse

Ya kind of surprised given more travelling end last year as restrictions ease.

Lee_CK

207 posts

Posted by Lee_CK > 2 months ago | Report Abuse

The latest progress of WCE highway from Youtube:
Part 1:
https://www.youtube.com/watch?v=svGFY6wUMfQ

Part 2:
https://www.youtube.com/watch?v=jcf-ojOyBNY

Part 3:
https://www.youtube.com/watch?v=I1Dy7LHK_SE

If you want to buy the share, better do it fast. My personal opinion.

albertyek

81 posts

Posted by albertyek > 2 months ago | Report Abuse

Anytime this year more sections are going to be opened..as you know shares can jump in just a few days

Posted by shah800710 > 2 months ago | Report Abuse

Once share price start going up consistently then we will buy

Edge

77 posts

Posted by Edge > 2 months ago | Report Abuse

It jumped over 40c last time only to fall back to this level. Rather disappointing indeed.

Posted by Foker_the_2nd > 2 months ago | Report Abuse

Don't bother to buy at this price. WCE needs to raise at least RM 1 billion to fund the remaining development and we haven't even talk about the huge interest expense costing RM 250 million a year. If you want to know why insiders are throwing you should check out the project cash flow projection. In summary, all i can say is based on a DCF of 8% discount rate, the value of 80% in WCE was originally only around RM 1.8 billion. But now with much higher interest expense than expected and massive cost overrun, i think this company right now only worth around RM 400 million or even less. You won't see it so soon but when yhey have to raise funds up to RM 1 billion, your share in this company will diluted like nobody's business. The only upside is the concession period can extend another 10 years, but that will be in 2060 the value of RM 1 then and now will be huge so barely helps anything. And definitely not enough to cover the huge cost overrun from interest expenses and land

Posted by shah800710 > 2 months ago | Report Abuse

Not so noise. I am still buy and average down. Good buy for long term

untong

55 posts

Posted by untong > 2 months ago | Report Abuse

http://www.intellecpoint.com/2020/06/why-are-some-highways-are-less.ht...

To get some perspective, PLUS revenue in 2010 was 3.3bil, gross profit was 2.3bil, servicing 750m interest expense p.a.

My estimation for WCE is at least 1/4-1/3 of these figures. What is 250m interest expense to them?
As at latest quarter ended 31/12/2022, their cash and equivalent was 580m, GSL credit line left with about 100m, term loan credit line left with about 100m also, of course expecting more dilution from RCPS and RUMS etc to get addtional cash if needed, and slight help from 4 opened section of toll. I think right issue is not needed looking at rate of cash flow drain.

Posted by shah800710 > 2 months ago | Report Abuse

New toll will open soon...

Icon 888

1,020 posts

Posted by Icon 888 > 1 month ago | Report Abuse

1/4/2022

Icon 888

1,020 posts

Posted by Icon 888 > 1 month ago | Report Abuse

Anything

Icon 888

1,020 posts

Posted by Icon 888 > 1 month ago | Report Abuse

1/4

Icon 888

1,020 posts

Posted by Icon 888 > 1 month ago | Report Abuse

1/4/22 open

Icon 888

1,020 posts

Posted by Icon 888 > 1 month ago | Report Abuse

Besok open la PLUS raya mari..

Posted by shah800710 > 1 month ago | Report Abuse

Their new highway from Russia to Ukraine

Icon 888

1,020 posts

Posted by Icon 888 > 1 month ago | Report Abuse

Raya Mari la

Posted by shah800710 > 1 month ago | Report Abuse

Government will launch Amanah Lebuhraya Rakyat (ALR) to takeover main highway in Malaysia. Litrak share price has gain a lot. WCEHB share price also jump 5% today. Will this price will go further to 50 send?

Icon 888

1,020 posts

Posted by Icon 888 > 1 month ago | Report Abuse

Twin turbo engine mari

Edge

77 posts

Posted by Edge > 1 month ago | Report Abuse

Stock starting to gain interest

Edge

77 posts

Posted by Edge > 1 month ago | Report Abuse

I recall someone valuated the stock to be RM1.50 or something. Will that the price govt will "pay" to take over concession??

Icon 888

1,020 posts

Posted by Icon 888 > 1 month ago | Report Abuse

Follow litrak,, kps, gamuda

Posted by shah800710 > 1 month ago | Report Abuse

Once deal with Gamuda settle, then they will go to Plus, WCE, Prolintas, Shapadu

steady31

306 posts

Posted by steady31 > 1 month ago | Report Abuse

Plus was bought by the GOM and sold to EPF and Khazanah for 23B in 2011.By 2020 there were three bidders of as high as 30B to takeover Plus highways. WCE highway when ready competes directly with Plus for destinations in the north and enjoy advantages of being relatively flat which will appeal to commercial traffic for fewer wear and tear losses and passing through and closeby many towns and villages which will be attractive to motorists and holiday seekers .It is highly conceivable that WCE will be a takeover target to have all highways under the same roof to harmonise toll rates and reduce competition and cannibalisation

Johnzhang

2,125 posts

Posted by Johnzhang > 1 month ago | Report Abuse

Once it is completed, it will be a cash cow that many will go after .

Johnzhang

2,125 posts

Posted by Johnzhang > 1 month ago | Report Abuse

Original cost of acquisition (after considering the right issue dilution) by the top 3 shareholders who collectively control over 60% of the company was more than double of today’s price .

steady31

306 posts

Posted by steady31 > 1 month ago | Report Abuse

The route alignment of WCE from the north to the south up to Banting and thereafter by FR32 to KLIA is superior as the distance and toll charges are expected to be lower compared to present travelling into and out of KLIA involve different tolled higways with separate charges. Motorists travelling on WCE will also experience saving from the non-tolled stretch fron Tanjung Karang to Hutan melintang

Edge

77 posts

Posted by Edge > 1 month ago | Report Abuse

@ John, thanks for sharing. Therefore if cost more than double current price, takeover price minimum 70c? This doesn't factor future earnings. Wonder what's the fair value as win win for both parties, as they say? If some parties can estimate they will start buying in a big way.

albertyek

81 posts

Posted by albertyek > 1 month ago | Report Abuse

RM2.00 takeover price considering there are many holders stuck at RM1.50++

JL99999

14 posts

Posted by JL99999 > 1 month ago | Report Abuse

U guys think and expect too much...then there will be disappointment. This counter already dead.

albertyek

81 posts

Posted by albertyek > 1 month ago | Report Abuse

@JL99999 dead your head hahahaha

Johnzhang

2,125 posts

Posted by Johnzhang > 1 month ago | Report Abuse

@Edge, I think major shareholders like Surin and Pang will not agree if the takeover offer is anything less than $1.50. Notwithstanding that the RI was cheap , their cost for the initial batches of share acquisition was $1.30+ .
Someone has worked out the NPV of the cash flows based on certain assumptions of traffic volume about 2 years ago and he arrived at fair median value of $1.50+ too.
You can search for that posting in this forum .

Posted by shah800710 > 1 month ago | Report Abuse

RM0.70 for wce ka? Not include their highway from Russia to Ukraine...hahaha

albertyek

81 posts

Posted by albertyek > 1 month ago | Report Abuse

@Johnzhang RM2.00 could be nice to everyone

Edge

77 posts

Posted by Edge > 1 month ago | Report Abuse

@JohnZhang, thanks for reply. If the government is really serious to take over this company, the price shd fly when it is nearer to official announcement. At least 500% return from this level! Seems there's some slow buying interest these few days.

Edge

77 posts

Posted by Edge > 1 month ago | Report Abuse

@JL99999, pls do share your thoughts and your expectations. And why you think it's a dead counter.

albertyek

81 posts

Posted by albertyek > 1 month ago | Report Abuse

@Edge JL99999 could be a serious buyer who is looking for cheap deals and by posting pessimistic opinions on this counter he hopes that this will keep the price low hahahaha

Edge

77 posts

Posted by Edge > 1 month ago | Report Abuse

@Albert, yeah possible. We hv all kinds of people here. Anyway since this is open forum with freedom of speech, let's hear what he has to say. Who knows, he may know something that most others can't see. We can learn a thing or two.

albertyek

81 posts

Posted by albertyek > 1 month ago | Report Abuse

@Edge nah JL99999 always condemning but never provide plausible arguments on why this counter is not performing

Johnzhang

2,125 posts

Posted by Johnzhang > 1 month ago | Report Abuse

This counter is in doldrums is due to excessive delay in highway completion and toll collection schedules, hence greatly affect the company’s cashflow. I think share price will go much higher once toll collection for 80% of its highway is reached . If traffic volume surpass expectation, share price will jump. Patience is the key .

Posted by shah800710 > 1 month ago | Report Abuse

At RM1.00 price tag, ALR only need to pay average RM3.6 billion. Too cheap lor...should be more than RM10 bilion market cap

Johnzhang

2,125 posts

Posted by Johnzhang > 1 month ago | Report Abuse

I think this stock is good for people who is willing to hold it for at least 3-5 years to see robust return.

Edge

77 posts

Posted by Edge > 1 month ago | Report Abuse

@ John. Thanks for sharing. Checks on website shows latest project schedule updated till September last year. About one month ago, there was a post about fund required to complete highway and huge interest to service. Any concern this will impact project completion or the valuation of the counter? Kindly share your views. Thanks

Posted by shah800710 > 2 weeks ago | Report Abuse

Still maintain at 30 cents

Lee_CK

207 posts

Posted by Lee_CK > 1 week ago | Report Abuse

You all may take a look the latest progress of WCE at the month May 2022 with the following video:
Full Review WCE Highway Update part 1 ( May 2022 )
https://www.youtube.com/watch?v=vo6gcbMDFUg&t=90s

Lee_CK

207 posts

Posted by Lee_CK > 1 week ago | Report Abuse

Of course, you may refer to the following for the monthly WCE Highway project updates:
https://www.wce.com.my/project-updates/

Lee_CK

207 posts

Posted by Lee_CK > 6 days ago | Report Abuse

Full Review WCE Highway Part 2 Update may 2022 ( bukit raja to kuala Selangor )
https://www.youtube.com/watch?v=gwCDNzUeAeU&t=54s

albertyek

81 posts

Posted by albertyek > 4 days ago | Report Abuse

Still below RM0.50 is considered dirt cheap..don't say I didn't give advice earlier

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