Posted by ks5S > 2023-05-09 12:25 | Report Abuse

now epf have to invest 70 % of their fund locally. this is the best place for them to invest for long term

Posted by ks5S > 2023-05-09 12:26 | Report Abuse

since they already own 50 % of the plus highway

Posted by speakup > 2023-05-09 12:42 | Report Abuse

Good thing no cut loss

Posted by wahidul > 2023-05-09 12:52 | Report Abuse

and there is IJM as substantial shareholder,along with two others,all of them holding more than 60% interest in WCE

Posted by wahidul > 2023-05-09 12:55 | Report Abuse

just hope some IB to initiate coverage of the stock,it’ll fly thereafter,sooner or later bound to happen anyway

Posted by speakup > 2023-05-09 12:57 | Report Abuse

Ya lor buy high floor nevermind can keep. Sure make money in 3 years

Posted by ks5S > 2023-05-09 13:03 | Report Abuse

In Nov 2016, epf bought 40% in duta-ulu klang expressway (34 km 54 year concession) from ekovest for rm 1.13 bil.


Wce is 233 km with 60 year concession with current market cap is only RM 1.4 bil.

Compare both duta-ulu klang and wce .
wce is super undervalue.

EPF should go in sooner or later.

Posted by Edge > 2023-05-09 17:03 | Report Abuse

pretty good closing today

Posted by wahidul > 2023-05-09 17:44 | Report Abuse

holding up very well,could move up gradually,as the construction nears completion

Posted by speakup > 2023-05-09 17:57 | Report Abuse

Ok boss. Will set my cutloss 45¢. Otherwise will hold

Posted by Edge > 2023-05-09 23:24 | Report Abuse

Depends on your strategy. This counter has good potential. Monitor price movement and volume over next few days or even next week. There are some waiting to buy more.

Posted by albertyek > 2023-05-10 08:16 | Report Abuse

EPF investment board is surely consisted of brightest and finest of talents who are all exceedingly qualified to perform in the best interest of the country

Posted by albertyek > 2023-05-10 08:20 | Report Abuse

so buy now before EPF decides to position itself to be WCEHB biggest shareholder..tentative target price after EPF move should be around RM1.80

Posted by DestinyL > 2023-05-10 09:13 | Report Abuse

EPF must've known about this counter even before write up by The Edge
If they are indeed very keen to buy, you will know very soon
My assumption is they would only buy after more clarity on completion

Posted by DestinyL > 2023-05-10 09:15 | Report Abuse

In the short term, can also buy for short term possible surge if the next progress update is satisfactory

Posted by DestinyL > 2023-05-10 09:17 | Report Abuse

If they comply to PM's urge to switch more focus to local equities, it will mean the profit margin ratio might deteriorate since local investments are much lower return
Hence, to have no dividend for a few years more with new investment may not bode well

Posted by ks5S > 2023-05-10 09:26 | Report Abuse

us and europe recession. the best part to invest now is asia include msia

Posted by ks5S > 2023-05-10 09:28 | Report Abuse

epf can act like private equity. invest for future growth and sacrifice dividend..

Posted by ks5S > 2023-05-10 09:29 | Report Abuse

their fund is near to 600 bil. allocate 1-2 bil to wce is kacang putih.

Posted by albertyek > 2023-05-10 09:38 | Report Abuse

yes EPF the true big Bosskurrr

Posted by speakup > 2023-05-10 10:06 | Report Abuse

Good didn't cut loss

Posted by DestinyL > 2023-05-10 16:35 | Report Abuse

Hmm... traders at work again?

Posted by speakup > 2023-05-10 16:36 | Report Abuse

Slowly coming back to my buying price.
Good thing didn't panic and cut loss the other day

Posted by TonsilBasher > 2023-05-10 16:36 | Report Abuse

this one is the love of EPF. dividend dividend and dividend king

Posted by ks5S > 2023-05-10 16:39 | Report Abuse

epf start buying

Posted by Edge > 2023-05-10 17:00 | Report Abuse

Closing is good today. There is definitely buying interest...huge one in fact.

Posted by albertyek > 2023-05-10 17:00 | Report Abuse

perhaps more like proxies of EPF?

Posted by DestinyL > 2023-05-10 17:03 | Report Abuse

Come on, the volume is not small but it is definitely not EPF level lah
No point to hype it with own theories syiok sendiri

Posted by DestinyL > 2023-05-10 17:04 | Report Abuse

Who knows later those traders will come back and post good things here again to push it up

Posted by vespa > 2023-05-10 17:15 | Report Abuse

hooray

Posted by wahidul > 2023-05-10 17:33 | Report Abuse

wow,good show

Posted by speakup > 2023-05-10 17:57 | Report Abuse

Bila dividend? Cant wait

Posted by wahidul > 2023-05-10 18:34 | Report Abuse

dividend kena tunggu lama kawan,

Posted by ks5S > 2023-05-10 19:28 | Report Abuse

those cut loss earlier, sure re-enter tomorrow to recover their loss.

Posted by ks5S > 2023-05-10 19:28 | Report Abuse

on the way to 60 cent

Posted by speakup > 2023-05-10 21:36 | Report Abuse

Besok panic buying again?

Posted by Edge > 2023-05-10 21:53 | Report Abuse

seems heading towards 60c, but let's see the upcoming results.

Posted by speakup > 2023-05-11 07:54 | Report Abuse

100% guaranteed results will be Loss. but investors will ignore cos we holding for next 3 years, not 3 months

Posted by Sslee > 2023-05-11 08:33 | Report Abuse

Should be gain due to disposal of entire 40% equity interest in Radiant Pillar Sdn Bhd (RPSB) to IJM Properties Sdn Bhd, for RM494 million

KUALA LUMPUR (Feb 20): Shareholders of highway concessionaire WCE Holdings Bhd have approved the proposed disposal of its entire 40% equity interest in Radiant Pillar Sdn Bhd (RPSB) to IJM Properties Sdn Bhd, for RM494 million cash.

The extraordinary general meeting (EGM) for the related party transaction (RPT) was held virtually on Monday (Feb 20) afternoon. IJM Properties is an indirect wholly-owned unit of IJM Corp Bhd, who also owns 26.65% stake in WCE.

In a statement, WCE said bulk of proceeds will be used to fund its West Coast Expressway project (WCE project), which will enable the group to save on financing costs.

With the transaction, WCE will exit RPSB – the developer of the 1,879-acre Bandar Rimbayu township in Kuala Langat, Selangor – and become a pure-play expressway operator.

Meanwhile IJM Properties, which currently own 60% in RPSB, will wholly-own the company as IJM seeks to commensurate Bandar Rimbayu, first launched in 2013, as a flagship township development.

WCE said the sale will unlock the value of its investment in RPSB and give rise to a pro forma gain on disposal of approximately RM245.67 million.

Its chief executive officer Lyndon Alfred Felix noted that the disposal is also strategic in the sense that the group is monetising non-core assets to focus on the core business.

“On the project (WCE project) front, construction is currently at 82%, and we are scheduled to open another four sections in 2023. With the remaining 1% of land acquisition slated to be completed soon, we are firmly on track for full completion of the WCE project in CY2024,” said WCE chief executive officer Lyndon Alfred Felix in the statement.

Posted by Sslee > 2023-05-11 08:40 | Report Abuse

WCE HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description WCE HOLDINGS BERHAD ("WCEHB" OR "COMPANY")

DISPOSAL OF THE ENTIRE 40% EQUITY INTEREST IN RADIANT PILLAR SDN BHD ("RPSB") HELD BY WCEHB AND ITS SUBSIDIARIES TO IJM PROPERTIES SDN BHD ("IJMP" OR "PURCHASER") ("DISPOSAL")
We refer to the Company’s earlier announcements in relation to the Disposal. Unless otherwise stated, all terms used herein shall have the same meaning as defined in the said announcements.


On behalf of the Board, RHB Investment Bank wishes to announce that the SSA has been completed today following the receipt of the First Instalment payment from the Purchaser in accordance with the terms of the SSA.


The Company is also in receipt of the irrevocable and unconditional corporate guarantee dated 28 February 2023 from IJM Land Berhad to guarantee the Purchaser’s payments of the Second Instalment and Third Instalment, which shall take effect from 28 February 2023 until the full payment of the Second Instalment and Third Instalment.


This announcement is dated 28 February 2023.

Posted by BobAxelrod > 2023-05-11 08:40 | Report Abuse

Sslee, you do not find IJM greedy in this transaction to wrestle the project from WCE?


Quote :
With the transaction, WCE will exit RPSB – the developer of the 1,879-acre Bandar Rimbayu township in Kuala Langat, Selangor – and become a pure-play expressway operator.

Posted by Sslee > 2023-05-11 08:46 | Report Abuse

IJM is the biggest shareholder of WCE with 33.57%

Posted by Sslee > 2023-05-11 08:50 | Report Abuse

[WCEHB] Change In Substantial Shareholder's Shareholding - IJM CORPORATION BERHAD on 15-Jul-2021
Stock [WCEHB]: WCE HOLDINGS BERHAD
Announcement Date 15-Jul-2021
Substantial Shareholder's Particular:
Name IJM CORPORATION BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
15-Jul-2021 Others 159,221,180
Registered Name IJM Corporation Berhad
Nature of Interest Direct Interest
Description Conversion of RCPS
Nature of Interest Direct Interest
Shares Ordinary shares.
Reason Conversion of 159,221,180 Redeemable Convertible Preference Shares into new WCE Holdings Berhad Ordinary Shares.
Total no of securities after change
Direct (units) 796,105,843
Direct (%) 33.57
Indirect (units) 0
Indirect (%) 0.00
Total (units) 796,105,843
Total (%) 33.57
Date of Notice 15-Jul-2021

Posted by DestinyL > 2023-05-11 08:55 | Report Abuse

Ijm indeed took some credit from the land sale, but gives wcehb big amount of cash to continue the work. Win win scenario albeit one could argue slightly more beneficial for ijm

Posted by DestinyL > 2023-05-11 09:56 | Report Abuse

That last minute surge yesterday was fishy lol

Posted by bull500 > 2023-05-11 10:01 | Report Abuse

This coming quarterly results will be profit at least 200million due to gain on disposal of rimbayu

Posted by DestinyL > 2023-05-11 10:20 | Report Abuse

Could be lesser

Posted by bull500 > 2023-05-11 10:28 | Report Abuse

unless more interest cost charge out, if not it will be around 200m, i guess

Posted by albertyek > 2023-05-11 10:41 | Report Abuse

nothing is fishy as sentiments getting better nearing completion date

Posted by DestinyL > 2023-05-11 10:57 | Report Abuse

Always expect the worse case and be wary of every move, being defensive is the best way to make money