Posted by nasgee > 2021-07-14 16:37 | Report Abuse

ready 4 tmmrw LU...

Posted by Lam LH > 2021-07-14 17:31 | Report Abuse

Volume so big yet not moving. Who is selling??? Not so optimistic.

Posted by Sharefisher > 2021-07-14 17:36 | Report Abuse

Bursa famous of sell the good news. To me, not dropping is considered good.

Posted by Johnzhang > 2021-07-14 18:25 | Report Abuse

Can anyone advise what is the direct impact on NA and EPS upon full settlement of the $828 mil? Per financial report 31/12/2020, there is $640 mil assets and $693 mil liabilities with respect to this project still sitting in the group accounts.

Posted by Sharefisher > 2021-07-14 21:47 | Report Abuse

https://www.theedgemarkets.com/article/wcts-rm828m-dubai-dispute-closure-should-remove-its-share-price-overhang-says-cgscimb

Posted by Jokers2020 > 2021-07-15 07:26 | Report Abuse

hope can limit up today..hahaha..

Posted by Sharefisher > 2021-07-15 07:44 | Report Abuse

Wait for other IB reports......cgs-cimb also don't know how to give TP... Don't believe their tp but need to read their analysis. Hold tight tight for the moment.

Posted by nasgee > 2021-07-15 08:59 | Report Abuse

LU vrommmm

Posted by Gohhocks > 2021-07-15 10:19 | Report Abuse

I find the report from HLG quite informative, with current COVID cases in Selangor & KL, it will limit the share price going north, but with the positive news from Meydan, it helps to lower the net gearing, now just got to wait for the progress of FMCO or MCO, once becoming better, then share price will likely going north.. be patient. Hopefully things will get better in coming months. My thought.

Posted by Sharefisher > 2021-07-15 10:41 | Report Abuse

Yes. Agree... Will hold and wait. Hope this settlement can help wct to turn around.

Posted by Superb99 > 2021-07-15 11:10 | Report Abuse

TP only 0.56...wa...now already 0.56 wor...means can cabut liao...lol

Posted by Sharefisher > 2021-07-15 11:23 | Report Abuse

Haha ha....... Yes better run if you just want to trade....

Posted by nasgee > 2021-07-15 11:27 | Report Abuse

dnt wrry vromm soonn

Posted by Superb99 > 2021-07-15 11:28 | Report Abuse

sure, will run once hit my cut lost point...many sell on news yesterday...today also no momentum, seems need longer period for this WCT

Posted by Sharefisher > 2021-07-15 11:34 | Report Abuse

Yes, better run if you don't have holding power.. Yesterday high volume will due tomorrow. I am holding for long term, so I like to see tomorrow trading pattern.

Posted by Sharefisher > 2021-07-15 12:35 | Report Abuse

https://www.theedgemarkets.com/article/wct-holdings-45-morning-after-unit-gets-rm828m-cash-closure-12year-dubai-racecourse-dispute%C2%A0

TP 0.67....can't invest just base on TP lah. Haha ha

Posted by Superb99 > 2021-07-15 16:14 | Report Abuse

i can hold it but depends on opportunities in the market and whether worth to hold it while others are picking up

Posted by Sharefisher > 2021-07-15 20:50 | Report Abuse

https://klse.i3investor.com/m/stock/headlines/9679.jsp

Posted by Superb99 > 2021-07-16 09:38 | Report Abuse

it will be hovering around 0.55 level at the moment till any additional good news arise

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

fasterrr b4 11

Posted by nasgee > 2021-07-16 11:06 | Report Abuse

get setttt...g...o...g...o

Posted by Sharefisher > 2021-07-16 13:34 | Report Abuse

319 million in the pocket...... Announced by wct just now.

Posted by Hafid > 2021-07-16 14:28 | Report Abuse

he Board of Directors of WCT wishes to announce that WCTB had on 16 July 2021 received a sum of AED279,450,438.83 (Arab Emirates Dirham Two Hundred and Seventy Nine Million, Four Hundred and Fifty Thousand, Four Hundred and Thirty Eight and Fils Eighty Three) (approximately *RM319,179,907.72 [Ringgit Malaysia Three Hundred Nineteen Million, One Hundred Seventy Nine Thousand, Nine Hundred and Seven and Cents Seventy Two ]) being the Initial Payment in accordance with the Settlement Agreement dated 13 July 2021 (“Settlement Agreement”). With the receipt of the Initial Payment, the Settlement Agreement has become unconditional.

Any material development of this case will be further updated.

This announcement is dated 16 July 2021.

* Based on exchange rate as at 15 July 2021

Posted by tinypotato > 2021-07-16 15:05 | Report Abuse

hold tightly until next quarter

Posted by kuaTAKtahu > 2021-07-16 15:42 | Report Abuse

BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY

Posted by Sharefisher > 2021-07-16 19:57 | Report Abuse

Not much selling pressure today after huge volume two days ago. Good sign for next week movement.

Posted by aiman77 > 2021-07-17 01:05 | Report Abuse

If they announce special bonus may boost price

Posted by wongchin > 2021-07-17 13:37 | Report Abuse

Buy now as price is still cheap. Rm 828 million in 3 years is more than the whole market capitalsition of wct for now. I already in 15 small lot for mid term investment.

Posted by Johnzhang > 2021-07-17 17:32 | Report Abuse

I think with over $800 mil cash inflow with major portion this year , WCT is in very good position to pay higher dividend over the next few years. I think some assets monetisation will also happen along the way to further strengthen the company’s financial position. I will hold this share until it is ripen .

Posted by Sharefisher > 2021-07-17 18:15 | Report Abuse

My opinion, this case drag on for too long... I don't see any consistency of analysing in the analysis reports. So, we need to wait for next QR. The next QR will be able to give us a clearer picture. Hold tight tight first. As I always said, don't think that the big boss dare to dump so much money in if he has no confidence. Of course, he do it for long term. If you want to trade only, then it is another issue.

Posted by kuaTAKtahu > 2021-07-18 21:03 | Report Abuse

LONG TERM BACK TO RM1 .00

Posted by Gohhocks > 2021-07-19 17:11 | Report Abuse

Anyone can share Kenanga latest report on WCT? Don’t think there is no update from Kenanga after the settlement from Meydan, as they kept their buy rating call early this month.. anyone has their update? Thanks

Posted by Superb99 > 2021-07-19 17:33 | Report Abuse

Actually with all good news, price only moved few cents, clumsy counter

Posted by Sharefisher > 2021-07-19 18:33 | Report Abuse

https://klse.i3investor.com/m/blog/sinchew_company_story/2021-07-19-story-h1568693765.jsp

Posted by Sharefisher > 2021-07-19 18:33 | Report Abuse

MIDF report.

Posted by Gohhocks > 2021-07-19 20:10 | Report Abuse

Thanks Sharefisher for MIDF report, at least the downside risk is minimal at this juncture, I think, it depends how the COVID impact on its earnings for this couple of months. Good luck.

Posted by Sharefisher > 2021-07-19 20:25 | Report Abuse

I think everyone is not so sure what is the real impact on wct. One said need to pay sub con, but others didn't mention anything about payment to subcon...so far, the only same point of three the reports is up in TP. Everyone is likely guessing only because it happened too long ago. Better wait for the next QR or announcement from wct. I will just sit on my shares for the time being until I get a clearer picture. Hold tight tight first.

Posted by Orson Chin > 2021-07-20 02:28 | Report Abuse

yes。。 the money need to pay subcon and supplier too….

Posted by Harry Wong > 2021-07-20 09:38 | Report Abuse

Got good news ahead,this few days the volume spike ,price at 0.57 and 0.58 was buy many by syndicate.something will happen,chart was shown up.

Posted by kuaTAKtahu > 2021-07-20 11:32 | Report Abuse

The Board of Directors of WCT wishes to announce that WCTB had on 16 July 2021 received a sum of AED279,450,438.83 (Arab Emirates Dirham Two Hundred and Seventy Nine Million, Four Hundred and Fifty Thousand, Four Hundred and Thirty Eight and Fils Eighty Three) (approximately *RM319,179,907.72 [Ringgit Malaysia Three Hundred Nineteen Million, One Hundred Seventy Nine Thousand, Nine Hundred and Seven and Cents Seventy Two ]) being the Initial Payment in accordance with the Settlement Agreement dated 13 July 2021 (“Settlement Agreement”). With the receipt of the Initial Payment, the Settlement Agreement has become unconditional.

Posted by Sharefisher > 2021-07-21 11:16 | Report Abuse

https://themalaysianreserve.com/2021/07/21/union-tell-us-whether-the-subang-airport-deal-is-on-or-off/amp/

This guy was born yesterday? Haha ha...

Posted by Hungrybird > 2021-07-21 19:30 | Report Abuse

Tp 0.93 from UOBKH. WCT still super undervalue

Posted by canbuyla > 2021-07-21 20:32 | Report Abuse

wow....almost 40 cents upside...buy

Posted by Sharefisher > 2021-07-21 21:02 | Report Abuse

COMPANY UPDATE BUY

WCT Holdings (WCTHG MK)
2021 Will Be A Monetisation Year
The surprise Nad Al Sheba Dubai Racecourse contract dispute settlement will see WCT
pocketing a net proceed of RM575m. Coupled with the asset monetisation exercise,
WCT’s balance sheet would vastly improve moving forward. Given the stock’s relatively
muted reaction to the news, further near-term share price appreciation is expected.
Other potential share price catalysts will be more job wins in East Malaysia. Maintain
BUY with a higher target price of RM0.93 (from RM0.70).
WHAT’S NEW
• Dubai dispute resolved. WCT Holdings (WCT) has received the first tranche of RM319.2m
from Meydan Group LLC (Meydan) due to the Nad Al Sheba Dubai racecourse contract
dispute settlement. This has helped to lift concerns over the finality of the court ruling. The
remaining RM509.1m will be paid in 12 quarterly instalments of RM42.5m starting 20 Oct 21.
We gather that after paying off its subcontractor, the net proceeds are estimated at
RM575m, which should help the company’s net gearing improve to 0.5x (from 0.65x).
• Proceeds utilisation. We do not expect the company to pay out any special dividends given
the COVID-19 situation. WCT will most likely utilise the proceeds to pare down its debt
(estimated at RM200m) and preserve the remaining for future working capital needs. WCT
also expects to report a gain of RM173m from the settlement which, based on our estimate,
will be recognised starting 3Q23, after it covers all the costs.
• Deleveraging exercise on track. We understand that the Sungai Buaya land sales
negotiation is expected to finalise soon. WCT expects to raise RM200m from this transaction
but with minimal profit. Should this deal go through, it will improve WCT’s net gearing to
0.52x (from 0.65x), including the RM319.2m it received from Meydan. Ytd, WCT has raised
RM135m from land sales recognised in 1Q21. The property sales target of RM1b for 2021 is
still achievable assuming the property sector could resume operation in August.
• Impact of EMCO. All WCT’s Klang Valley construction projects are being put on hold during
the enhanced movement control order (EMCO) which started on 3 July. Note that Klang
Valley projects constitute about 75% (RM3.9b) of WCT’s outstanding orderbook.

Posted by Sharefisher > 2021-07-21 21:03 | Report Abuse

Above is from UOB report. Will hold tight tight first.

Posted by koowakzai > 2021-07-21 23:14 | Report Abuse

56 sen is the support. Below 56sen just close eye buy. Cash of 838mil and order book of 3-5 billion. Will last for few years. Who is so smart to sell at this price. The upside is atleast 1/3 of the NTA. Easily 70-90 sen.

Posted by Superb99 > 2021-07-22 10:05 | Report Abuse

many good news but price is flat only...too bad

Posted by Superb99 > 2021-07-22 17:49 | Report Abuse

I saw there is 1 announcement that talking about dividend

Posted by kuaTAKtahu > 2021-07-22 20:32 | Report Abuse

Share dividend 1: 100

Posted by Lam LH > 2021-07-23 09:00 | Report Abuse

Should see a slight drop with the selling of bonus shares.