DAERAH BALING, KEDAH DARUL AMAN WIDAD GROUP BERHAD
Type Announcement Subject OTHERS Description
WIDAD GROUP BERHAD ("WIDAD" OR "COMPANY")
ACCEPTANCE OF LETTER OF AWARD FOR PROJECT MENAIKTARAF LOJI RAWATAN AIR SUNGAI LIMAU, DI DAERAH BALING, KEDAH DARUL AMAN
1. INTRODUCTION
The Company is pleased to announce that the State Government of Kedah has on 18 April 2021 awarded the tender for the proposed project “Menaiktaraf Loji Rawatan Air Sungai Limau, di Daerah Baling, Kedah Darul Aman” (“Project”) to its wholly-owned subsidiary, Widad Builders Sdn. Bhd (“WBSB”) and was duly accepted by WBSB on 21 April 2021.
WBSB is principally involved in construction and integrated facilities management activities.
2. VALUE AND DURATION OF THE CONTRACT
The total contract value of the Project shall be based on a sum value of RM89,800,000.00 only and the contract period shall be 130 weeks commencing from 2 Mei 2021 to 28 October 2023.
3. FINANCIAL EFFECTS
The Project will not have any impact on the issued share capital and substantial shareholders’ shareholdings of Widad. However, it is expected to contribute positively to the earnings and net assets of Widad and its subsidiaries (“Widad Group” or the “Group”) over the duration of the Project.
The Project is expected to be funded via internally generated funds and/or external borrowings.
4. RISK FACTORS
There are no foreseeable significant risks other than operational risks associated with the Project during the project period.
5. APPROVAL REQUIRED
The Project, being part of the ordinary course of business of Widad Group, is not subject to the approval of shareholders of Widad or any relevant authorities.
6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST
None of the directors, major shareholders of Widad and/or persons connected with them have any interest, whether direct or indirect, in the Project.
7. STATEMENT BY DIRECTORS
The Board of Directors of Widad is of the opinion that the Project is in the best interests of Widad Group.
King of News,every time good news,Sell on News,how to go up?Big time contra kaki control the stock!Too bad,good fundamental stock ended up going nowhere.By right,tp can be 0.70 to 1.00!
All the technical charts - RSI,MACD,SMA10,SMA 200 were sending weak price signals not supportive of the price momentum and uptrend.Today up 0.05cts does not signify any uptrend for tomorrow.
@xiulong what basis that you make you say the price is cheap now?If based on the available published financials from malaysiastockbiz the stock is presently overvalued or overpriced UNLESS there is increased profit flows for the company. To know more append the extracts here :
WIDAD Financial Information Market Capital (RM) : 1.368b Number of Share : 2.737b EPS (cent) : 0.15 * P/E Ratio : 333.33 ROE (%) : 2.14 TTM Profit Margin (%) : 4.7 CAGR - Revenue (%) : 30.5 CAGR - PAT (%) : 9.3 Business+ : Member Only YoY Score : Member Only QoQ Score : Member Only Dividend (cent) : 0.000 Dividend Yield (%) : 0.00 Dividend Policy (%) : 0 NTA (RM) : 0.070 P/B Ratio : 7.14
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....
Mrsonic
80 posts
Posted by Mrsonic > 2021-04-21 11:57 | Report Abuse
judi or invest? hahaha..if judi jangan harap lah up