WIDAD GROUP BERHAD

KLSE (MYR): WIDAD (0162)

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Last Price

0.05

Today's Change

0.00 (0.00%)

Day's Change

0.04 - 0.05

Trading Volume

5,921,200


11 people like this.

8,272 comment(s). Last comment by Moondate 5 days ago

maxprofit2020

1,161 posts

Posted by maxprofit2020 > 2022-11-29 09:40 | Report Abuse

engine started

ccssam

155 posts

Posted by ccssam > 2022-11-29 12:11 | Report Abuse

Start lan jiao

TokAbah

1,205 posts

Posted by TokAbah > 2022-11-29 13:37 | Report Abuse

Rich Dad, Poor Dad. Start buying Wi Dad.

gopal4ru

18 posts

Posted by gopal4ru > 2022-11-29 14:25 | Report Abuse

tak gerak pun dari tadi

TokAbah

1,205 posts

Posted by TokAbah > 2022-11-29 15:38 | Report Abuse

Jialattt. Maybe closing low.

maxprofit2020

1,161 posts

Posted by maxprofit2020 > 2022-11-30 12:24 | Report Abuse

target 80 cents

TokAbah

1,205 posts

Posted by TokAbah > 2022-11-30 15:13 | Report Abuse

Rich Dad Poor Dad. Start collecting Wi Dad

TokAbah

1,205 posts

Posted by TokAbah > 2022-11-30 16:18 | Report Abuse

I wanna unload at 44sen

maxprofit2020

1,161 posts

Posted by maxprofit2020 > 2022-11-30 16:59 | Report Abuse

slow and stable uptrend, each day up half cent

fruitcake

901 posts

Posted by fruitcake > 2022-11-30 22:57 | Report Abuse

poor Q result. habis. tomorrow masuk longkang

maxprofit2020

1,161 posts

Posted by maxprofit2020 > 2022-12-01 08:31 | Report Abuse

year to date net profit 12.9mil, YOY 9 mths profits increase 109%

Posted by Srsm Trader > 2022-12-01 12:05 | Report Abuse

looking good.

TokAbah

1,205 posts

Posted by TokAbah > 2022-12-02 03:41 | Report Abuse

Rich Dad Poor Dad, Buying Wi Dad gonna be poor Dad lorr

hazliros

13 posts

Posted by hazliros > 2022-12-02 11:21 | Report Abuse

widad linked mahiaddin

Posted by kenielam > 2022-12-02 11:37 | Report Abuse

terbangkalai project

Posted by Srsm Trader > 2022-12-02 13:02 | Report Abuse

old news.

TokAbah

1,205 posts

Posted by TokAbah > 2022-12-05 23:16 | Report Abuse

Rich Dad, Poor Dad if buy Wi Dad you will become poor dad

chongwee

125 posts

Posted by chongwee > 2022-12-06 11:11 | Report Abuse

langkasuka project 40bil are connect with 600bil mahiadin ?

Profit77

359 posts

Posted by Profit77 > 2022-12-06 12:08 | Report Abuse

Under the agreement, WBG will control a 70% equity interest in the joint company, while BZI will own the remaining 30% stake. BZI is a leading conglomerate owned by Sheikh Khaled Zayed Al Nahyan, who is the senior member of the Abu Dhabi royal family. His business interests span across real estate management, and the construction of residential, commercial buildings and towers.

Profit77

359 posts

Posted by Profit77 > 2022-12-06 12:09 | Report Abuse

600B has no play here. It is all privately funded.

maxprofit2020

1,161 posts

Posted by maxprofit2020 > 2022-12-08 09:51 | Report Abuse

WIDAD alive again

Depeche

4,451 posts

Posted by Depeche > 2022-12-09 01:03 | Report Abuse

This stock is a laggard.

fregend

606 posts

Posted by fregend > 2022-12-09 12:38 | Report Abuse

Widad still sleeping, boss buy and sell off market?

nasgee

854 posts

Posted by nasgee > 2022-12-13 09:08 | Report Abuse

morning...comee vroommmm

nasgee

854 posts

Posted by nasgee > 2022-12-15 09:39 | Report Abuse

vrommmm fasterr ....

mrupai

221 posts

Posted by mrupai > 2022-12-16 00:34 | Report Abuse

what they are doing, playing ping pong?

Posted by mohdnasrim > 2022-12-16 10:10 | Report Abuse

LOI was awarded by the Ministry of Energy and Natural Resources to TNB’s wholly-owned unit TNB Power Generation Sdn Bhd (TPGSB)

Posted by mohdnasrim > 2022-12-16 10:11 | Report Abuse

The project will be carried out by TPGSB, in collaboration with Widad Business Group Sdn Bhd a subsidiary of Widad Group Bhd and is scheduled for commercial operations in 2031.

Posted by mohdnasrim > 2022-12-16 10:12 | Report Abuse

Widad Business Group it will hold a 40% stake in the project, while TNB will hold 60%.

nasgee

854 posts

Posted by nasgee > 2022-12-19 10:11 | Report Abuse

vrommm faterrr ang pau...

atee38

9 posts

Posted by atee38 > 2022-12-21 15:19 | Report Abuse

sir could you explain more about pp..why you said its time.. pp price was at 0.38 and current price now is 0.430. So

Profit77

359 posts

Posted by Profit77 > 2022-12-26 19:51 | Report Abuse

Hmmm

willsmith

247 posts

Posted by willsmith > 2022-12-29 19:14 | Report Abuse

@Profit77 Hmmm means....

Profit1

135 posts

Posted by Profit1 > 2022-12-29 19:41 | Report Abuse

willsmith, I smell something. Bloggers are coming!!!

Profit77

359 posts

Posted by Profit77 > 2023-01-10 15:51 | Report Abuse

Pressure cooker.

Profit1

135 posts

Posted by Profit1 > 2023-01-17 23:06 | Report Abuse

Still downward pressure as you say and deleted.

joni

1,260 posts

Posted by joni > 2023-01-26 16:41 | Report Abuse

if can touch 50sen ?

Khoo TP

96 posts

Posted by Khoo TP > 2023-02-15 15:08 | Report Abuse

ermmmm

aspenvit

293 posts

Posted by aspenvit > 2023-03-01 16:51 | Report Abuse

Why no limit down?

Posted by Andrew Ng > 2023-03-03 00:32 | Report Abuse

aspenvit, why limit down?

Posted by Andrew Ng > 2023-03-03 00:33 | Report Abuse

oh bad qr right

Totally

122 posts

Posted by Totally > 2023-03-03 15:42 | Report Abuse

hello widad disposed acquired disposed acquired disposed acquired . syiok sendiri ka. nothing doing at all

flatso

63 posts

Posted by flatso > 2023-03-24 09:32 | Report Abuse

i want trap 9 you!!!!!!!!!!!!!!!

TCH1186

910 posts

Posted by TCH1186 > 2023-03-30 00:37 | Report Abuse

same like vinvest. who ever got holding power may remain.

ikatt3pi

36 posts

Posted by ikatt3pi > 2023-04-03 15:58 | Report Abuse

Seems finally engine started. After sleeping so long, 0.80 or Rm1 is possible if operator want to goreng

Michael R.

4,833 posts

Posted by Michael R. > 2023-05-31 09:10 | Report Abuse

Revenue
Revenue for the quarter ended 31 March 2023 (“1Q2023”) increased by 21% against
preceding year corresponding quarter (“1Q2022”), mainly contributed by the construction
segment. However, the IFM segment dropped significantly following expiry of contract to
maintain the national palace in second quarter of FYE2022.
On the back of the revenue, the Group achieved profit amid lower amount and margin as
compared to 1Q2022. This is mainly due to lower gross margin from construction projects.

The Group revenue for 1Q2023 was 96% higher against 1Q2022. Construction segment
continued its recovery momentum whereby it achieved 132% increase quarter-to-quarter.
This segment contributed 94% of Group’s revenue for 1Q2023 (1Q2022: 79%).
In terms of profitability, the Group achieved gross profit of RM6.69 million and net profit before
tax of RM0.63 million, a recovery from loss position in 1Q2022. Previous quarter loss was due
to downward revision of projects’ estimated profits due to costs escalation.

Prospects
The Group is optimistic of its prospects to improve its financial results for the financial year ending
2023, propelled by its remaining order books amounting RM1.52 billion, contributed by
construction segment amounting RM0.66 billion and IFM/Concession segment amounting RM0.86
billion.
The Group continues to participate in public and private sector tenders and explore opportunities
that could provide long term and stable revenue and cashflow stream. As explained in Note A12,
the Group completed the acquisition of Palm Shore Holdings Sdn Bhd, a company that owns
concession business to construct and maintain TLDM training camp in Johor. As at the date of this
report, PSHSB has remaining concession period of another seventeen years.
The Group is continuously monitoring its business operations to ensure it is driven towards greater
level of efficiency, productivity, competitiveness and good governance.

Proposed Private Placement Exercise
On 21 July 2022, on behalf of the Board of Directors of Widad Group Berhad (“Widad”), M&A
Securities Sdn Bhd announced that the Company proposes to undertake a private placement
of up to 259,250,000 new ordinary shares in Widad, representing not more than 9.42% of the
issued ordinary shares in Widad (“Proposed Private Placement”)
On 3 August 2022, M&A Securities Sdn Bhd, on behalf of the Company announced that the
listing application to Bursa Malaysia Securities Berhad in relation to the Proposed Private
Placement has been submitted on even date.
Further on 16 August 2022, M&A Securities Sdn Bhd, on behalf of the Company made an
announcement that Bursa Securities had, vide its letter dated 16 August 2022, approved the
listing of and quotation for up to 259,250,000 new ordinary shares to be issued pursuant to
the Proposed Private Placement on the ACE Market of Bursa Securities subject to the following
conditions:
a) Widad and M&A Securities must fully comply with the relevant provisions under the
Listing Requirements pertaining to the implementation of the Proposed Private
Placement;
b) Widad and M&A Securities to inform Bursa Securities upon the completion of the
Proposed Private Placement; and
c) Widad to furnish Bursa Securities with a written confirmation of its compliance with the
terms and conditions of Bursa Securities’ approval once the Proposed Private Placement
is completed.
On 29 November 2022, the Board of Directors of Widad announce that the resolution for the
proposed waiver of statutory pre-emptive rights of the shareholders was duly passed at the
Extraordinary General Meeting held on even date.
On 15 February 2023, on behalf of the Board, M&A Securities announced that Bursa
Securities had vide its letter dated 15 February 2023, approve an extension of time of 6 months
up to 15 August 2023 to complete the implementation of the Private Placement.
To date Widad has issued 64,075,000 at price between RM0.3820 to RM0.40 per Placement
Shares and the Company is in the midst of securing potential investors for the implementation
of the balance of 195,175,000 placement shares.

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