by the time start collect toll, the share price already above 3.00 Then epf so jealous on wce and want to offer to buy this asset as WC highway compete EPF (Plus highway) for those going north-south .... WCE will eat away PLUS profit.
1.70 no problem to reach today just use wc highway, don;t use plus highway to go north to reach 1.70 if you use plus highway, got traffic jam and accident... not safe... use wc highway
this is the most valuable highway in msia. Better than plus. Running by private company is more efficient than run by glc . Expect high dividend later.
those tourist and commercial vehicle from penang sure use this WCE. Furthermore , the tourist can enjoy seafood at kuala selangor, teluk intan, sitiawan.... full for tourist place. Business will grow.
silk holding sold their kajang highway to pnb for $380 mil for 37 km with remain concessionaire of 20 years remain,
WCE is 233 km which is about 6 times of kajang highway..... 6 x $380 mil= $2.2 billion. with 60 years concessionaire ... include 3 times premium .... $2.2 billion x 3 = $ 7 billion
the expressway is 80% hold by WCE.... which means asset WCE holding value for $ 6 billion total share WCE is 1 billion.... Therefore the share price is roughly value for $ 6.00 or $ 6 billion market cap.
litrak market cap is 3.2 bil and share price is 6.00
Current WCE share price of 1.44 is a grab . Just keep for long-term and you will see the compounding effect. Another "public bank" in the making.
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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....
paperplane2016
21,621 posts
Posted by paperplane2016 > 2017-05-02 22:49 | Report Abuse
Damn. Never expect run so fast.....This is for next yr.