WISE complements WCE..even better the shelved Section 12 from Siputeh to Changkat Keruing can now be realized as there would be Siputeh interchange on WISE
all this nonsense is a top down money making expedition..how many highways? Pj Link forgotten for now, Sg Klang link ...god help us!! In case of WCE, it is as old as the hills ( been in it for as long as I can remember! Talam, Keuro etc) and it just dragged on when good old Chan Ah Chye and his shenanigans got in the way; till IJM came to the rescue. WCE is a game changer ( unless tolls are impacted)and any soul with any investment sense would just have to be a patient investor to see the returns just as we did with Litrak, Timedotcom and the list goes on and on. Do your NPV calcs or IRR with broad assumptions and if you can't manage that just check out Choivo who has done a remarkable estimate or look at RAM. If you cant figure this out good night Vienna. Loads of Johnny come latelies had better brush up on numbers before throwing their money and then again it can all come to nought if any untoward happens. Nothing ventured nothing gained!
Local funds do not possess the proper level of intelligence in decision making aka many Humpty Dumpty dimwits sitting high up on committee chairs with unfounded fear of falling 😪
For WISE, at 60km in length and a cost of RM5.75 billion, it works out to about RM90 million per km. This raises the question of whether the traffic figures will be able to sustain the operator if toll charges are reasonably priced. There is also the question of how many people will actually use the highway that will stretch from Gopeng to Kuala Kangsar.
soon enough the state govt will be roped in for soft loans and the gravy train of dubious practices perpetuates...something is rotten in the state of Perak.
WCE will worth RM 90 m x 233km = 20.970 billion, minus borrowing RM 4.2b = RM16.8b vs current mkt cap of around RM 2.6b
------------------------- For WISE, at 60km in length and a cost of RM5.75 billion, it works out to about RM90 million per km. This raises the question of whether the traffic figures will be able to sustain the operator if toll charges are reasonably priced. There is also the question of how many people will actually use the highway that will stretch from Gopeng to Kuala Kangsar.
WCEHB is like a fully loaded express bus which all its brakes have failed and crashing towards Bank Negara in which all of its occupants would be thrown into a vast ocean of cash in the reserve vault
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Nepo
3,447 posts
Posted by Nepo > 2023-12-15 12:29 | Report Abuse
Wondering this West Ipoh Span Expressway (WISE) brings more good or bad to WCE..?
Hopefully some veterans can give some insight to this..