Another section linking NKVE will commssion toll correction soon and monetized land for RM 500m by Q1 2023. Together with MoF financing support RM 400m, WCE will speed up to complete other section for toll collection by 2024. All balance section toll collection will commission by Q1 2025.
Initial toll collection mainly to cover interest expense, once traffic volume increase, surplus from toll correction after interest coverage will give net profit forward. Gestation period is small as exsiting Plus highway is too heavy and alternative WCE offer seamless traffic and direct route to destination
Quick Summary frm the Star: Almost all issues that have plagued WCE's biggest project have been resolved.
The West Coast Expressway, which was supposed to be fully opened to public in 2019, is currently 82% completed.
THE past several years were excruciating for WCE Holdings Bhd, especially with its crown jewel project – the RM7bil West Coast Expressway – delayed since 2019.
Alahai still have people letting go kah? Still remaining 18% incomplete can rise RM0.04 per day just imagine once it's completed..sometimes rich buyers still cannot process real info haisshhhh
once completed, Govt want to takeover perhaps?......IJM tollroads might be in pipeline, just like how Gamuda tollroads being taken over as national strategic assets.
honestly govt will adopt a wait and see on WCE highway if it is making good money, they will buy it over (same like KESAS, LDP, etc) if it continue to lose money, they will wait until it bleed and buy it over at distressed price
WCE highway to alleviate dangerous PLUS sections in Perak can get into distressed? Only COVID-24 will cause it to be distressed else it is just a joke hahahaha
WCEHB 3565 has a previous highest at around RM1.70 and with so many big names as major shareholders they will collectively offer the government at least that price or higher
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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....
albertyek
484 posts
Posted by albertyek > 2022-08-12 17:33 | Report Abuse
no HOPE even better IJM sell to the government surely at premium price...straight untung like crazy