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 - 0.045

Trading Volume

178,200


11 people like this.

8,272 comment(s). Last comment by Moondate 1 week ago

Posted by widadinvestor > 2019-04-16 07:20 | Report Abuse

we dead is next vivocom, coming soon。。。

papaya

3,086 posts

Posted by papaya > 2019-04-16 09:35 | Report Abuse

even 27sen....still alot of seller coming in....fedup punya pasal...kikikikih

Posted by widadinvestor > 2019-04-16 11:14 | Report Abuse

if really operator ctrl, should sack all of them, lousy operator。。。hahaha
boss wanna borrow money liao。。。jialat

matg

998 posts

Posted by matg > 2019-04-16 11:31 | Report Abuse

looks like selling is over

matg

998 posts

Posted by matg > 2019-04-16 11:42 | Report Abuse

dah bole sauk bottom 0.27

Posted by dreamsbillionaire > 2019-04-16 12:15 | Report Abuse

No worries, Lets aim for .25 and buy more it will get back to .335 in May or wait till wawasan 2020

Posted by 10208850616573818 > 2019-04-16 14:01 | Report Abuse

WIDAD oh Widad...please dont dead we still need u...

satha44

1,749 posts

Posted by satha44 > 2019-04-16 15:16 | Report Abuse

26 seller

Yusuf Isa

246 posts

Posted by Yusuf Isa > 2019-04-16 15:19 | Report Abuse

We Dead are like this lol......

matg

998 posts

Posted by matg > 2019-04-16 15:29 | Report Abuse

ok maybe 0.25 is the ground floor.. keep watching

Yusuf Isa

246 posts

Posted by Yusuf Isa > 2019-04-16 15:34 | Report Abuse

Not 25 cents. PN17 & delisted. Bye2. Sayonara...

papaya

3,086 posts

Posted by papaya > 2019-04-16 15:44 | Report Abuse

kikikikikikih....

matg

998 posts

Posted by matg > 2019-04-16 15:48 | Report Abuse

keep watching our emotion as well.. :)

Posted by 10208850616573818 > 2019-04-16 16:58 | Report Abuse

Wahhhh PN17 mehhh how u justified PN17 Counter....not panic at all, we are not contra player...hope tomm will be green day...

amet2017

3,150 posts

Posted by amet2017 > 2019-04-16 16:59 | Report Abuse

this is what we call panic typing..think only have panic selling aa.

berid

465 posts

Posted by berid > 2019-04-16 17:36 | Report Abuse

At 33cent pe is more than 60.. Now 50 .. Still Overvalue.. The price not worth the earning... Not surprise if it fall below 20cent.. Kasi kill these instant trader... Lol

berid

465 posts

Posted by berid > 2019-04-16 17:37 | Report Abuse

Slaughter fest...

berid

465 posts

Posted by berid > 2019-04-16 17:39 | Report Abuse

But dont worry, there is a chance to recover tomorrow since today gap down.. Probably tomorrow gonna gap up n rebound..

YC3883

116 posts

Posted by YC3883 > 2019-04-16 19:41 | Report Abuse

will get ecrl project soon?

Posted by widadinvestor > 2019-04-16 20:08 | Report Abuse

goverment withdraw contract or maybe new goverment no money to support construction sector, alot throw by fund, boss also no money support anymore。。。

KakLimah

50 posts

Posted by KakLimah > 2019-04-17 00:01 | Report Abuse

NOT many companies can claim to provide building maintenance support services for Malaysia’s royal palaces.

Those familiar with the industry say that Widad Group Bhd is the integrated facility management (IFM) firm best known for undertaking such jobs.

“It’s a very unique business. We have done some IFM jobs for sultans from various states. We need to work very hard and deliver great services,” managing director Datuk Dr Mohd Rizal Mohd Jaafar says in his first interview with The Edge following the completion of Widad’s reverse takeover (RTO) of industrial labels manufacturer Ideal Jacobs (M) Corp Bhd.

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“Our people are on the ground 24/7,” the 44-year-old declares, pointing to daily routine inspections, ad-hoc maintenance and upgrading works, as well as the maintenance of cleanliness.

With the support of its in-house specialists, strategic partners, consultants, purchasing team, suppliers and sub-contractors, Widad is able to provide total solutions to its IFM clients, and in a timely fashion.

“We have to respond to the clients’ requests within a certain time frame, depending on the priority and sensitivity. When the VIPs are coming, we have to make sure that everything is in order,” says Rizal.

Last July, Tan Sri Muhammad Ikmal Opat Abdullah, via his flagship company Widad Business Group Sdn Bhd (WBG), emerged as a major shareholder in Ideal Jacobs with a 72.62% stake. Consequently, Andrew Conrad Jacobs and Datuk Meng Bin — the then executive chairman and managing director respectively of Ideal Jacobs — ceased to be indirect substantial shareholders.

In the RM520 million RTO deal, Ideal Jacobs acquired Widad Builders Sdn Bhd from WBG to enable the company’s diversification into IFM and construction.

Widad generated a net profit of RM19.3 million on revenue of RM283.4 million in the financial year ended Dec 31, 2018, with the construction division accounting for 65.2% of total revenue. But for a one-off RTO expense charge of RM7.1 million in its consolidated statement of profit or loss and other comprehensive income, the group would have recorded a profit before tax of RM35.6 million.

“Our group’s performance is quite stable. Although there is a slowdown in the construction sector, we still have the higher-margin IFM business, which provides recurring income, to cushion the performance of our construction division,” Rizal explains.

Suffice it to say that Widad is highly profitable for an ACE Market-listed company. Not surprisingly, it is seeking a transfer to the Main Market by 2020.

“For our bottom line, we are targeting a growth of at least 10% every year. Our job is simple — we need to replenish our order book by at least RM500 million a year. Our outstanding order book is about RM1 billion, which should keep us busy until 2022/23,” says Rizal.

Despite the challenging business environment, he remains optimistic given Widad’s ongoing projects and potential to clinch new contracts from its RM5 billion of target submissions this year.

To date, the group has participated in tenders from the public and private sectors worth close to RM1 billion, half of which are from the construction sector and the other half from two potential IFM projects, Rizal reveals. “Based on our financial strength and track record, we are confident of securing at least one IFM job. There are not many IFM players in Malaysia,” he says, adding that new jobs could come “possibly from universities and hotels”.

In 2015, he joined WBG as group CEO and is currently responsible for strategic and day-to-day business direction and performance.

At present, Widad has two major IFM contracts — Istana Negara (National Palace) in Jalan Duta, Kuala Lumpur, and Johor Baru Sentral. The five-year JB Sentral contract, worth RM200 million, expired last year but was extended until end-March this year.

Rizal says Widad has submitted a tender for a contract extension of two to three years, and is now awaiting the bidding results, which should be announced “very soon”.

However, he would not reveal the contract value of the National Palace IFM job, only saying that Widad had secured a three-year contract in 2012 that ran until 2015 and that it was extended for another seven years to 2022.

“Beyond 2022, it really depends on our performance. Yes, the contract is renewable but it is not automatic. We will have to go through another round of tenders — that’s how it works.

“Istana Negara monitors our performance very closely. There are certain KPIs (key performance indicators) and we have achieved 98% to 99% [of them]. We performed excellently in the first three years. That’s why we received the seven-year contract extension.”

Previously, Widad only focused on pure construction and IFM jobs. But now, the group hopes to do both concurrently as a “key strength”, since the segments have synergies that can be achieved.

Rizal says Widad can construct a facility and then manage it for its clien

papaya

3,086 posts

Posted by papaya > 2019-04-17 09:27 | Report Abuse

good on paper....but not reflected in share price....kikikikikikih.....anyway saya start beli now.....kikikikikikih.....sulah masuk region oversold.....but dont no how long got to hold....kikikikikih....widad or we dead....kikikikikih

Posted by dreamsbillionaire > 2019-04-17 09:49 | Report Abuse

People who buy now sure earn in next few months.

matg

998 posts

Posted by matg > 2019-04-17 10:02 | Report Abuse

Ok sudah up.. 1st rebound shd be good hopefully

legend

4,119 posts

Posted by legend > 2019-04-17 10:25 | Report Abuse

ini mau tangkap ikan bilis saja!

matg

998 posts

Posted by matg > 2019-04-17 10:50 | Report Abuse

skang bilis pandai buru jerung.. dun play2

Posted by dreamsbillionaire > 2019-04-17 14:06 | Report Abuse

Now all the way up to .335

legend

4,119 posts

Posted by legend > 2019-04-17 14:42 | Report Abuse

nasik lemak ikan bilis sudah...

matg

998 posts

Posted by matg > 2019-04-17 15:09 | Report Abuse

smarter bilis can eat nasik lemak jerung.. kekeke

satha44

1,749 posts

Posted by satha44 > 2019-04-17 16:25 | Report Abuse

Widad's game damaged.....dont think many people will chase it up...this time..
Owner will wait....for narket sentiment to improve...or till there is a positive announcement...hopefully they secure some new contracts this year....

papaya

3,086 posts

Posted by papaya > 2019-04-18 09:57 | Report Abuse

ayoyo wedead......skali pancut trus pengsan ka......kikikikikiih

Posted by widadinvestor > 2019-04-18 10:19 | Report Abuse

really good on paper work,but maybe operator recuit by someone really lousy,even anyone from here better than them,hahaha.... Maybe lousy securities

Posted by 10208850616573818 > 2019-04-18 16:58 | Report Abuse

Finished....tomorrow will fly...

matg

998 posts

Posted by matg > 2019-04-18 17:48 | Report Abuse

Both mother and son RSI oversold.. let see tomoro

satha44

1,749 posts

Posted by satha44 > 2019-04-18 18:03 | Report Abuse

Finally one big contract....congratulations to the board...

nckcm

2,726 posts

Posted by nckcm > 2019-04-18 19:08 | Report Abuse

Buy lo...buy son

Skykiller

323 posts

Posted by Skykiller > 2019-04-18 19:46 | Report Abuse

tp rm0.30 for this two weeks n will keep going up again

satha44

1,749 posts

Posted by satha44 > 2019-04-18 22:10 | Report Abuse

Again got to watch these levels..
28.5
32
34.5
37.5
42
46
50.5
56
60
Lets c how many can break tomorrow....lol

satha44

1,749 posts

Posted by satha44 > 2019-04-18 22:13 | Report Abuse

190million + 71 million.....managed to secure 260million business in 1 year.......wow!!!

Posted by stockmethods > 2019-04-19 00:09 | Report Abuse

hahaha, my second jackpot. Follow me you will never lose money. I've another potential rocket stock and yet to reveal.

amet2017

3,150 posts

Posted by amet2017 > 2019-04-19 06:22 | Report Abuse

It wont break any of the level. Press down before announce good news, what do you think? Means that 'they' want the price to maintain at certain level only. Dont be so naive. At this price if up to 0.32 is already 20% increase, you see what i mean? Dont think it can up 20% just becoz securing one contract. If maybe five maybe can. Haha

papaya

3,086 posts

Posted by papaya > 2019-04-19 09:32 | Report Abuse

nobody minat sebab sudah manyak kali kena tipu.....kikikikikih

papaya

3,086 posts

Posted by papaya > 2019-04-19 09:37 | Report Abuse

unless operator pour in large vol......and push for 1-2 sen to bring back confidence....kikikikiih

satha44

1,749 posts

Posted by satha44 > 2019-04-19 09:40 | Report Abuse

Dont chase...this counter/operator will burn u

papaya

3,086 posts

Posted by papaya > 2019-04-19 09:50 | Report Abuse

ni operator tarak modal punya....kikikikikih

amet2017

3,150 posts

Posted by amet2017 > 2019-04-19 10:05 | Report Abuse

Boleh press down, mau pump sula talak lui ka

papaya

3,086 posts

Posted by papaya > 2019-04-19 10:12 | Report Abuse

silap kira la...ingat ada 20mil.....tengok cuma ada 2mil only....sikalang tatak boleh pump lo....kikikikikikih

Posted by stockmethods > 2019-04-19 10:21 | Report Abuse

tunggu itu punya IFM lah...easily 200 millions lagi...nanti you susah hati tak ada beli

papaya

3,086 posts

Posted by papaya > 2019-04-19 10:27 | Report Abuse

papaya good on paper....but not reflected in share price....kikikikikikih.....anyway saya start beli now.....kikikikikikih.....sulah masuk region oversold.....but dont no how long got to hold....kikikikikih....widad or we dead....kikikikikih
17/04/2019 9:27 AM
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tarak susah hati....kan saya sulah cakap....i bought at 26.5sen....kikikikikikih...saya kasihan sama satha44....bila dia beli saja price go down....now dia sulah stuck kat sini....kikikikikih

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