Posted by shah800710 > 2021-06-09 21:03 | Report Abuse

perhaps RM1.5 bilion cash from selling IJMPlant will be use to take WCEHB private

Posted by Johnzhang > 2021-06-10 07:16 | Report Abuse

@shah800710,. I am not surprised at all if this happens. IJM already own 30% in WCE holding , the listed company. WCE holding own 2 main asset :. 80% WC Expressway and 40% ownership in the 1800 acres Rimbayu development next to kota kammuning. IJM own directly 20% in WCExpressway and 60% in Rimbayu.. Effectively, IJM already own quite substantially , directly and indirectly,. in both assets. After taking full control, IJm will package all its highway asset to fully divest to a trust company or separately list it . This shall create substantially value for shareholders. The Rimbayu project will consolidate under it's property arm and can be further divest as one valuable property company.. conglomerate is breaking up to realize full value

Posted by JL9999 > 2021-06-10 08:50 | Report Abuse

Privitasing WCEHB is not good for shareholders right?

Posted by Johnzhang > 2021-06-10 08:58 | Report Abuse

JL9999, good or not depends on the price offered.

Posted by Johnzhang > 2021-06-10 09:03 | Report Abuse

Conglomerates should take the footsteps of MMC and IJM to get fairer value for shareholders. The market is imposing too much discount to conglomerate which is the holding company! The discount is often 40-70% on total valuation of the individual businesses . Unjustifiably low!
Just breakup the conglomerates !

Posted by JL9999 > 2021-06-10 09:19 | Report Abuse

@Johnzhang then it definitely bad news, because businessman will never buy a thing at high price.

Posted by Johnzhang > 2021-06-10 19:05 | Report Abuse

@JL999, agreed that businessman will not buy anything overvalued . They will buy if undervalued or at fair value.
Just like KLK willing to pay substantially more ( 2 times NA value ) to acquire ijmplant. Question we have to ask ourselves whether the businesses IJM own is undervalued. If it is , the undervalued assets can potentially be monetised to achieve fair value for shareholders.

Posted by shah800710 > 2021-06-12 22:08 | Report Abuse

any potential for the price reach RM1.00？

Posted by Johnzhang > 2021-06-12 23:34 | Report Abuse

@shah800710, Choivo Capital has a detailed report released on 5/12/20. His assessment is it worth $1.52 based on present value . You may take a look .

Posted by BilisMrJ39 > 2021-06-13 11:59 | Report Abuse

The warrant F looks more attractive to me than the mother share. Limited downsize and long expiry date.

Posted by shah800710 > 2021-06-13 17:07 | Report Abuse

the choivo report has been read by some of wce major shareholders and they start nibbling more shares from open market. no wonder the stock price so difficult to go down.

Posted by shah800710 > 2021-06-16 19:00 | Report Abuse

can the price drop below 0.40？

Posted by Johnzhang > 2021-06-17 05:48 | Report Abuse

Yes , if nobody buy the stock. But nobody can tell when and what will happen next. As such, before you buy the stock you must first of all believe in the prospect of the company's toll road venture and the 40% investment in the 1,800 acres Rimbayu development with IJM lands .

Posted by Johnzhang > 2021-06-22 20:28 | Report Abuse

Must watch out what IJM is going to do with the Toll road assets including WCE. I believe IJM will monetise it sooner than market anticipate.

Posted by shah800710 > 2021-06-25 22:16 | Report Abuse

good time to buy now. 45 cent now is crazy cheap than assesment value RM1.50. will up more than 100 percent witin 2 years！

Posted by albertyek > 2021-06-28 21:24 | Report Abuse

Buy lah woiiiii

Posted by feenix1522 > 2021-07-01 12:37 | Report Abuse

crazy cheap.

Posted by shah800710 > 2021-07-08 23:01 | Report Abuse

got moratorium will buy more

Posted by albertyek > 2021-07-14 09:45 | Report Abuse

https://www.youtube.com/watch?v=MvN4-bKSZzE

A nice video on surveying site progress of WCE. Watch it and just buy WCEHB kau kau ok?

Posted by shah800710 > 2021-07-14 20:45 | Report Abuse

the new PLUS Expressway Bhd in a making！

Posted by albertyek > 2021-07-19 10:22 | Report Abuse

no more EMCO in Klang Valley so time for recovery...BUY BUY BUY

Posted by yunhui98 > 2021-07-19 12:54 | Report Abuse

In company announcement on 15 July 2021. Noticed IJM hold 33.566%. Is this could causing mandatory take-over?

Posted by albertyek > 2021-07-23 09:23 | Report Abuse

Alrighty RM1.00 very nice

Posted by JL9999 > 2021-07-23 15:19 | Report Abuse

I would be very happy even it's just 0.7-0.8, stuck at this counter too long.

Posted by shah800710 > 2021-07-23 18:17 | Report Abuse

The question is, can IJM buy more than 33% without intention to launch MGO？

Posted by shah800710 > 2021-07-24 13:25 | Report Abuse

What are the thresholds to extend a mandatory offer in Malaysia? In Malaysia, a bidder together with its Persons Acting in Concert (“PACs”) trigger the obligation to make a mandatory takeover offer to acquire all the shares of the target company if:

they acquire more than 33% of a company; or they hold between 33% and 50% of the voting shares and acquire more than 2 % of the voting shares in any period of 6 months.

https://laworld.com/law-news/malaysia-the-malaysian-stock-market-and-takeover-offers-during-covid-19/

Posted by steady31 > 2021-07-26 17:55 | Report Abuse

IJM's holding is over 33% basing on issued shares but will be under 28% on fully diluted enlarged capital fron conversion of all PA shares.No trigger

Posted by vespa > 2021-07-29 07:08 | Report Abuse

IJM has an effective 41% interest in the expressway. 20% direct and the balance through WCEHB

Posted by shah800710 > 2021-08-02 22:42 | Report Abuse

the price drop.below 0.40 not bcoz of fundamentals but overall market weakness

Posted by albertyek > 2021-08-03 09:59 | Report Abuse

wow below RM0.40 already..this is the best opportunity..BUY BUY BUY

Posted by Bgt 9963 > 2021-08-12 16:42 |

Post removed.Why?

Posted by shah800710 > 2021-08-13 07:26 | Report Abuse

always buying for future！

Posted by Jhau65 > 2021-08-21 12:47 | Report Abuse

Soon nta will become negative...
Every q lost money.

Posted by shah800710 > 2021-08-24 00:05 | Report Abuse

This is typical infrastructure stocks. Everything is expected since their business development have long digestion period at least until 2022

Posted by albertyek > 2021-08-24 07:18 | Report Abuse

So buy now before 2022

Posted by aliyusof > 2021-08-26 19:05 | Report Abuse

https://www.theedgemarkets.com/article/wce-project-delay-due-main-contractors-poor-performance-—-exco?type=malaysia

Posted by albertyek > 2021-08-26 21:31 | Report Abuse

Alahaiiii 2024 kah? Just complete Beruas to Trong part first

Posted by RobertChiah > 2021-09-01 20:14 | Report Abuse

Banting interchange to SKVE interchange , targeting to open by Dec 2021.

Posted by RobertChiah > 2021-09-01 20:14 | Report Abuse

to date , Banting interchange to SKVE interchange complete 79%

Posted by RobertChiah > 2021-09-02 13:27 | Report Abuse

SKVE interchange to SKE interchange , Targeting to open by 11 May 2022

Posted by RobertChiah > 2021-09-02 13:28 | Report Abuse

to date , KVE interchange to SKE interchange complete 63%

Posted by shah800710 > 2021-09-02 16:18 | Report Abuse

The price now stable above 40 cent again for long term

Posted by RobertChiah > 2021-09-02 20:48 | Report Abuse

SKE interchange to NKVE interchange , Targeting to open by 17 Feb 2022

Posted by Johnzhang > 2021-09-21 10:09 | Report Abuse

Watch out what IJM will do with their 43% ((direct + indirect) interest in WCE highway and the 60% interest in the 1,800 acres Rimbayu development jointly owned with WCE holding Bhd.

Posted by Edge > 2021-09-21 17:09 | Report Abuse

Johnzhang, interesting...what do you think IJM will do? Hopefully after govt allows interstate travel, this counter will start to fly....

Posted by shah800710 > 2021-09-25 18:28 | Report Abuse

IJM, MWE and Mamee concurrently increase their holdings in WCE Holdings nonstop. What does it mean?

Posted by fusing79 > 2021-09-29 21:32 | Report Abuse

not enough money, need to pump in

Posted by JL9999 > 2021-09-30 11:18 | Report Abuse

This counter no hope already.

Posted by albertyek > 2021-09-30 14:05 | Report Abuse

@JL9999 most pessimistic commentator here

Posted by Edge > 2021-10-02 11:57 | Report Abuse

@JL9999, why do think so? Do share.