WIDAD GROUP BERHAD

KLSE (MYR): WIDAD (0162)

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Last Price

0.045

Today's Change

0.00 (0.00%)

Day's Change

0.045 - 0.05

Trading Volume

2,486,400


11 people like this.

8,351 comment(s). Last comment by Edmond0401 2 days ago

Posted by Jen Ern Tan > 2018-02-20 18:18 | Report Abuse

Can someone explains the take over? I don't understand.

Magis

175 posts

Posted by Magis > 2018-02-26 13:56 | Report Abuse

con man company

Posted by bursahunter > 2018-02-28 00:41 | Report Abuse

company already not making profit...so sell everythg cheaply...haha

bfg9000

410 posts

Posted by bfg9000 > 2018-03-12 14:44 | Report Abuse

The MGO is priced at steep discount (>30%), this is because they have to make the offer by law, but they don't want people to accept it and therefore triggers full takeover and taking IJ private. So give a lousy offer that no one wants.

This is because maintaining a listed status is one of the objective of this corporate exercise.

Posted by fungirl818 > 2018-03-16 21:56 | Report Abuse

So what should i do? Should I sell or keep.

hklcheng

1,317 posts

Posted by hklcheng > 2018-03-19 14:05 | Report Abuse

like start moving already

hklcheng

1,317 posts

Posted by hklcheng > 2018-03-20 22:53 | Report Abuse

Consider good news,right

Posted by bursahunter > 2018-03-22 11:25 | Report Abuse

they pump to dump again...sell while u have the chance as its real value only 0.23 without making any profit...

Pgraduate

101 posts

Posted by Pgraduate > 2018-03-22 13:32 | Report Abuse

The .23 was play play only..I called already. .They did not received any forms from share holders to sell.
So its way back up ...targeted .85sen

Posted by Bursa_Hunter2 > 2018-03-22 14:04 | Report Abuse

ALL THE WAY

Cyril

849 posts

Posted by Cyril > 2018-03-22 14:53 | Report Abuse

something fishy about the buyer, widad business group as they just bought dataprep and now ijacob

KISSinvest

141 posts

Posted by KISSinvest > 2018-03-23 17:40 | Report Abuse

don't know how many waves ady, the share price still can go down and come up strong. i am impressed. keep it up, ijacobs.

Posted by bursahunter > 2018-03-27 09:53 | Report Abuse

fast push up and slowly dump again..big shark earn so many times by giving fake hope..haha

Posted by Bursa_Hunter2 > 2018-03-27 11:53 | Report Abuse

karma bursahunter

Posted by bursahunter > 2018-07-10 12:24 | Report Abuse

wow..new low...

Posted by stanley1979 > 2018-07-10 12:29 | Report Abuse

0.250 PP - wait for 0.25?

Posted by nicloras1234 > 2018-07-10 13:05 | Report Abuse

Big shark

mk99

57 posts

Posted by mk99 > 2018-07-19 23:10 | Report Abuse

Bonus issue ler...

Posted by 1774931129203279 > 2018-07-24 15:32 | Report Abuse

Average Price Target: 0.47
Price Target Upside/Downside: +0.21

Posted by HighVolume > 2018-07-31 22:16 | Report Abuse

725556 - > Reality: RM 0.235, = Half of Rm 0.47

Posted by 1774931129203279 > 2018-08-02 09:47 | Report Abuse

Average Price Target: 0.47
Price Target Upside/Downside: +0.235

Posted by smartInvestor1 > 2018-08-07 20:45 | Report Abuse

still downtrend and consolidation phase for some period.

ZeroV94

10 posts

Posted by ZeroV94 > 2018-08-08 17:23 | Report Abuse

Ur all get free warranty alrdy?

CITADEL

1,867 posts

Posted by CITADEL > 2018-08-08 17:25 | Report Abuse

wait the warrant listed and goreng goreng

Posted by leejovis > 2018-08-08 17:27 | Report Abuse

when the warrant to be listed? any ideas?

Magis

175 posts

Posted by Magis > 2018-08-09 22:50 | Report Abuse

tomorrow RM0.105

Posted by jordanmaggie61 > 2018-08-10 11:33 | Report Abuse

strong potential

tvz32

496 posts

Posted by tvz32 > 2018-08-10 12:54 | Report Abuse

whats the potential jordan?

OngLai88

1,234 posts

Posted by OngLai88 > 2018-08-12 13:15 | Report Abuse

mother 0.245, warrant 0.11, exer price 0.35......warrant premium 87.75% considered high....will warrant price drop further or mother price rise higher?

yusopa

67 posts

Posted by yusopa > 2018-08-13 08:35 | Report Abuse

still wait n C

Posted by stockjobber > 2018-08-13 09:17 | Report Abuse

Mother at .24 warrants shld be .055 to .065

Posted by stockjobber > 2018-08-13 10:06 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5655265
Something amiss...how come circular to shareholders in Jan 2018 did not reveal at least Q1 and Q2 2017 profit and loss...? Do they have something to hide or 2017 was not making as much as 2016 ??

Posted by bursahunter > 2018-08-17 15:42 | Report Abuse

already give warning long time ago...still got 0.235 so high...overpriced so much

Jia Cheng

48 posts

Posted by Jia Cheng > 2018-08-21 10:16 | Report Abuse

Short term tp 0.26 cl 0.23

CITADEL

1,867 posts

Posted by CITADEL > 2018-08-27 16:38 | Report Abuse

nice 10% on the warrant as I told at August 8

BlackWhite

1,053 posts

Posted by BlackWhite > 2018-08-27 21:29 | Report Abuse

Smell rat

Kawelegen

301 posts

Posted by Kawelegen > 2018-08-28 12:46 | Report Abuse

Wait until quarter result come out then can decide buy or not

Kawelegen

301 posts

Posted by Kawelegen > 2018-08-29 13:26 | Report Abuse

Result out chance to buy

paperplane

21,650 posts

Posted by paperplane > 2018-09-19 21:30 | Report Abuse

IDEAL JACOBS: (MYR0.34) First job win under new business; will it be a bumper year?
Maybank IB Retail Research

Ideal Jacobs announced that its wholly-owned subsidiary, Widad Builders S/B, was appointed as the main contractor for the proposed PP1AM project in Kota Kinabalu, Sabah. The project involves the construction of 301 units of single storey link house as well as its related infrastructure works. The development, which is based on “Design and Built” concept, is worth MYR71m.

The construction will take 24 months to complete, and could potentially contribute to FY19-20 earnings. This contract win suggests that the acquisition of Widad Builders S/B, which was completed on 10 Jul 2018, has started to bear fruit. A point to note, Ideal has disposed of its manufacturing, fabrication and trading businesses, and therefore, Widad will become its key contributor going forward.

This job win aside, Widad originally has secured contracts worth ~MYR1.3b in total to, among others, provide facilities management for buildings, conduct upgrading works on sewage treatment plants and pipe installation works. One of the notable IFM job is to provide integrated facility management services to the National Palace located in Jalan Duta, Kuala Lumpur.

Following the completion of the acquisition of Widad in Jul 2018, Ideal’s earnings could improve significantly in 2H18. For comparison, Ideal reported a PATMI of just MYR0.9m (including discontinued operations) in 1H18 while Widad reported a PAT of MYR36.9m in FY16. It is also understood that Widad is bidding for IFM and construction contracts worth ~MYR2.1b in total.

Ideal’s 1H18 results is not a reflection of its new business. Pending the consolidation of Widad’s results, Ideal’s share price performance will likely be news flow driven. That said, if Widad can repeat what it achieved in FY16, i.e. a PAT of MYR36.9m, it would translate into an EPS of 1.5sen, translating into a P/E of 22.7x. Note that warrants are not included in EPS computation as they are out-of-the-money.

paperplane

21,650 posts

Posted by paperplane > 2018-09-20 12:28 | Report Abuse

Currently hold 1.3bil job, bidding 2.bil. Total 3.3bil.

paperplane

21,650 posts

Posted by paperplane > 2018-09-20 21:52 | Report Abuse

If you look at their profit margins, and work to be delivered soon.... I guess it is going to explode next year!!!!

Many stories can be told. Ask icon8888, he the correct person for this type stock, turn ard stories.
I rather hold my elephant panamy for now. Every stock down 30%, my panamy giving me decent div still. I love Japanese, just like the japanese av. If you get what i meant.

Yamateh

paperplane

21,650 posts

Posted by paperplane > 2018-09-20 23:18 | Report Abuse

Just don't understand why they want to issue so many shares at one go,near 3bil shares, that's crazy.......I rather they issue lesser easier to push up prices faster,just like kesm

stockraider

31,556 posts

Posted by stockraider > 2018-09-22 11:19 | Report Abuse

Correct better avoid goreng stock mah....!!

Posted by paperplane > Sep 20, 2018 11:18 PM | Report Abuse

Just don't understand why they want to issue so many shares at one go,near 3bil shares, that's crazy.......I rather they issue lesser easier to push up prices faster,just like kesm

paperplane

21,650 posts

Posted by paperplane > 2018-09-22 17:06 | Report Abuse

Raider bro. How u lately, haha. Panamy is my focus. This one turnaround story, lets see next quarter result first

VenFx

14,784 posts

Posted by VenFx > 2018-09-22 17:12 | Report Abuse

Paper sifu seen bet big here!

paperplane

21,650 posts

Posted by paperplane > 2018-09-23 20:28 | Report Abuse

Well, if it can turnaround successfully by the new owner i guess it will be lucrative. 3bil jobx18%margin, you guess the avg annual profits for 4 years see.... It is definitely very good

VenFx

14,784 posts

Posted by VenFx > 2018-09-23 23:20 | Report Abuse

Ok ... plane sifu.
Trust your study.
Will look into the details...
Thx for discover it here.

paperplane

21,650 posts

Posted by paperplane > 2018-09-25 07:33 | Report Abuse

Construction sector need new guidance from govt

paperplane

21,650 posts

Posted by paperplane > 2018-09-26 11:28 | Report Abuse

0.35 already, soon 0.40,0.50

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