好股介绍之WCT

dadi

然头 于 21-5-2004 21:35  说 :
dadi,

你贴的帖子是怎样拿到的？？
是每一家股票行都去开户口
然后拿他们的access to webpage吗？？
酱子。。。你介意说说。。。你开了多少个公司吗？？
如果开了很多个公司
那一定有几个remisier是 ...

我是在一个PRIVATE FORUM 那里取得～
他们有很多证券行的报告～

bryon

i v a d v i s o r?

dadi 于 22-5-2004 07:05 PM  说 :

我是在一个PRIVATE FORUM 那里取得～
他们有很多证券行的报告～

是哪一个呢？？
需要subscription吗？？

dadi

WCT Engineering (RM5.15): Award for Bahrain road job worth RM188.8m.
2004-05-27

Award for Bahrain road job worth RM188.8m. WCT Engineering Bhd announced that its 50%-stake joint venture company, WCT-Cebarco W.L.L. had received the Letter of Award (LOA) from the Bahrain government to undertake construction and completion of the Highway Link to Durat Al-Bahrain for RM188.8m. The 25km road contract will take 2 years from the date of commencement on 15 June 04.

Comments: The award is expected since WCT-Cebarco was announced as the lowest bidder and issued a Notice of Provisional Intent from the Bahrain government. Based on WCT抯 50% share in the JV, we expect the contract to contribute RM94.4m to its order book of approximately RM1.1b. Assuming a 50% share on the project and a conservative pretax margin of 10%, WCT would register a net profit of approximately RM7m or EPS of 6.3 sen from the contract. Impact on earnings is marginal as we expect EPS enhancement of approximately 2%-3% for FY04 and FY05 respectively. As such, we have therefore raised our forecast EPS04 and EPS05 to 96.9 sen and 111.9 sen respectively, but maintaining our fair value of RM6.60. Stock is currently trading at PER05 of 5.3X, a steep discount to the sector average of 9X. Maintain BUY (52w Hi-Low: RM6.20-RM4.60)

lestari

然头 于 26-5-2004 05:57 PM  说 :


是哪一个呢？？
需要subscription吗？？

Dadi,

could you let us know which private forum ?

lestari

dadi

不需要给钱～
也不需要什么～
但是必须要有里面的特别人员介绍才能进入～
所以我无能为力～

dadi 于 28-5-2004 05:28 PM  说 :
不需要给钱～
也不需要什么～
但是必须要有里面的特别人员介绍才能进入～
所以我无能为力～

ok
谢了

dadi

WCT Land aims to focus on Klang township project

WCT Land Bhd, currently a wholly-owned subsidiary of WCT Engineering Bhd, and expected to assume the listing status of financially troubled Bescorp Industries Bhd by the year end, obtained its shareholders' nod at an EGM yesterday.  

WCT Engineering chairman Datuk Captain A. Sufian said upon listing, WCT Land would be a main board property company focusing mainly on township development in Bandar Bukit Tinggi in Klang.   

Under the reverse takeover exercise, WCT Land will assume the listing status of second board-listed Bescorp and subsequently seek a transfer to the main board.  

?e hope the listing (of WCT Land) can be done before the year-end, although there is no specific date. There are still a couple of processes to be completed,?Sufian told reporters after the company's EGM in Shah Alam.  

WCT Engineering will reduce its stake in WCT Land to 75% after the listing. The remaining 25% will be offered to WCT Engineering shareholders, company staff, Bumiputra investors, the public and identified investors.  

Bandar Bukit Tinggi is being developed by 50%-owned subsidiary Labur Bina Sdn Bhd. WCT Engineering shareholders also approved at the meeting, the company's plan to acquire the remaining 50% stake from MTD Realty Sdn Bhd for RM48.9mil.  

The township, 8km south of Klang, will be developed over three phases, with phase I having an estimated gross worth of RM1.1bil, phase II RM1.5bil, and phase III RM890mil.  

The first and second phases have been launched, recording sales of RM950mil and RM640mil, respectively. Phase III is set for launch early next year.  

WCT Engineering said in a circular to shareholders that for the year ended Jan 31, 2004, Labur Bina reported a higher total revenue of RM194.8mil compared with RM159.1mil the year before. Pre-tax profit stood at RM41.4mil, down from RM43.5mil previously.  

WCT Engineering managing director Peter Taing Kim Hwa said WCT Land would like acquire more land, preferably in the Klang Valley; but the company had not made any specific plans yet.  

Taing said WCT Engineering, which currently had an order book worth RM1bil, would bid for another RM1bil to RM2bil worth of construction jobs within and outside Malaysia.   

He said the group's overseas' venture focused mainly on the Middle East and India.  

It was recently won a RM188.8mil project to construct a 25km highway link to Durat Al-Bahrain in Bahrain. Another ongoing project there is the Seef Flyover.  

In India,the group has a joint venture with Gamuda Bhd for the construction of the Panagarh-Palsit and Durgapur expressways, which are expected to be completed by the end of 2004 and in early 2005, respectively. WCT Engineering has a 30% stake in both the concessionaires.

过期的新闻... 不过能看出WCT对海外投资的风险早有认识.

Construction company WCT Engineering Bhd's experience in building the
Formula One (F1) circuit in Sepang in 1998 has earned it the expertise much
sought after now by overseas parties. The company, which recently secured
the RM586 million Bahrain International Circuit contract, has been also
approached by several companies from Turkey to undertake similar projects
in Turkey on a partnership basis. WCT Engineering has teamed up with
Cybarco Bahrain WLL on 50:50 basis for the Bahrain International Circuit
project which would involve the construction and maintenance of the
circuit. Chairman Datuk Captain Ahmad Sufian said that although WCT
Engineering was interested in participating in more projects, it would
nonetheless adopt a cautious stance when going into an overseas project.
"WCT is a very cautious company. We don't simply dive into any country," he said after the company's extraordinary general meeting (EGM) in Shah Alma on Monday. He said a team from WCT Engineering would be flying to Turkey next month to undertake a risk assessment evaluation and identify suitable partners in the country. Ahmad Sufian said WCT Engineering would team up again with Cybarco to seek other infrastructure jobs in Bahrain. WCT Engineering's current overseas projects are confined to Bahrain and India,
with these projects making up about 20 percent of its total order book. Its
total order book which stands at RM1.4 billion, is expected to keep the
company busy for the next two-and-half years. In India, the group is
actively involved in three highway projects. The highway projects are at
Tada to Nellore and Vijayawada to Ibrahimpatnam and at Pangargh to Palsit
and Palsit to Dankuni. WCT Engineering's executive director, Chua Siow
Leng, said there were many opportunities for infrastructure works in India
especially for highways.

dadi

WCT Land to list by year-end
By Doreen Leong


WCT Engineering Bhd expects to list its property development arm WCT Land Bhd on Bursa Malaysia by year-end, its chairman Datuk Capt Ahmad Sufian says.

"There are a few processes involved but we expect the proposed listing to be completed by the end of the year," he told reporters after the company’s EGM in Shah Alam on May 31.

He said WCT Land, which will assume Bescorp Industries Bhd's listing status, would then apply to migrate to the Main Board.

WCT on May 31 obtained its shareholders' approval for the lsiting exercise. The shareholders also approved WCT's proposed acquisition of the remaining 50% stake in Labur Bina Sdn Bhd from MTD Realty Sdn Bhd at RM48.9 million.

Sufian said the proposed acquisition was expected to be completed by end of this month.

Labur Bina and WCT Land are jointly undertaking the development of the three phases of the Bandar Bukit Tinggi (BBT) township in Klang.

BBT1 had a gross development value (GDV) of RM1.1 billion while that of BBT2 GDV is RM1.5 billion, said WCT executive director Chua Siow Leng.

He said RM950 million worth of properties in BBT1 and RM640 million in BBT2 had been sold. He added that BBT3 was expected to be launched by next year.

On WCT Engineering, Sufian said the group would continue to focus on sourcing for construction projects in the Middle East. He said domestically the group's business remained resilient despite the government’s move to review major construction projects.

"We are still waiting for the government to decide. If projects were called for tender we would go for it," he told FinancialDaily .

"Currently our staging post would still be in the Middle East and India," he added.

As for the construction of the RM180 million highway in Bahrain, he said WCT expected to receive the letter of award soon. He also said the group currently had an order book of about RM1 billion and had tendered for RM1 billion to RM2 billion worth of projects locally and abroad.

whchua2000

dadi 于 1-6-2004 03:44 PM  说 :
had an order book of about RM1 billion and had tendered for RM1 billion to RM2 billion worth of projects locally and abroad

How to know the order book and had tendered for RM 1billion.
To dadi,
Do you found in year 2002 or 2003 Annual reports? I do not get it from annual reports.

Thank You!

dadi

WCT gets RM370m sub-contract from IJM


WCT Engineering Bhd? wholly-owned WCT Construction Sdn Bhd has been awarded a RM370 million sub-contract works by IJM Construction Sdn Bhd to construct a new dual-three lane highway between Kajang and Mantin.

In a statement to Bursa Malaysia Bhd yesterday, WCT Engineering said its unit has accepted a Letter of Award from IJM Construction Sdn Bhd ?a wholly-owned subsidiary of IJM Corp Bhd, for the sub-contract works yesterday.

The contract duration is 24 months from the notice to proceed, which is no later than July 15 unless mutually agreed.

The transaction is expected to contribute positively to the WCT Group? earnings for the financial years ending December 31 2004 and December 31 2005.

Shares of WCT closed 1 per cent higher at RM5.25 on volume of 22,000 shares while IJM Corp added 2 per cent to RM4.82 on 107,700 shares yesterday.

元显

Mayban Securities: Ahmad Zaki, Muhibbah, WCT to benefit
08-07-2004


Mayban Securities Research expects small- and medium-size contractors to benefit from the government’s decision to proceed with the RM5 billion worth of priority projects, involving 50 contracts committed to companies holding letters of intent (LOI).

In a research note on July 8, Mayban Research said several “mid-cap” contractors such as Ahmad Zaki Resources Bhd, Muhibbah Engineering Bhd and WCT Engineering Bhd would benefit from the decision.

The research house said the 50 LOI were likely issued to small- to mid-size contractors and the size of contracts would be up to RM100 million.

The government on Wednesday announced that a total of RM8.5 billion worth of construction, housing, infrastructure, and education-related projects would start in the coming months.

It includes the RM1.5 billion phase two of the East Coast Expressway (ECE), with 30% of the contract for MTD Capital Bhd and the remaining 70% to be tendered to Bumiputera contractors from Terengganu. Another RM2 billion worth of small projects for roads and schools have started.

While the ECE2 was “largely expected”, it was a surprise that MTD Capital was only given 30%, or RM450 million, share of the project, while the remaining 70% would go to small unlisted Terengganu-based bumiputera contractors, Mayban Research said.

The research house maintained a trading buy on MTD Capital pending further details on the award.
“Any further selling is overdone as MTD is currently trading at PER2004 of 10.5 times, at par with the sector, but a 20% discount to historical average of 13.4 times.”

Mayban Research recommended a buy call on WCT Engineering with a fair value of RM6.60. “On the flipside, the additional development spending will have no impact on the construction big boys such as Gamuda Bhd, Road Builder Bhd and IJM Bhd,” it said.

DRAGONISM

连续两季亏损，WCT要跌破RM4.00了，虽然派发高股息，股价也无动于衷......

请问各位看好WCT的大大有何看法吗? 谢谢指点。

[ Last edited by DRAGONISM on 1-3-2005 at 08:21 PM ]

DRAGONISM 于 1-3-2005 02:25 PM  说 :
连续两季亏损，WCT要跌破RM4.00了，虽然派发高股息，股价也无动于衷

Based on the 4th Quarter Report
EPS drop from 2003 - 72.52 to 2004 - 21.18
Diluted EPS drop from 2003 - 58.07 to 2004 - 18.11

ROE 跌了！ 18.11/3.59*100 = 5%

请问什么是 Negative Goodwill?

谢谢！

esupu

SS17 于 1-3-2005 07:23 PM  说 :


Based on the 4th Quarter Report
EPS drop from 2003 - 72.52 to 2004 - 21.18
Diluted EPS drop from 2003 - 58.07 to 2004 - 18.11

ROE 跌了！ 18.11/3.59*100 = 5%

请问什么是 Negative Goodwill ...

烂！

Rush15

WCT 的 warrant 将会在 4/7/2005 delisted.任何评论 ? Convertion to mother will diluted its eps ?

chinchai

Hi,  Kawan,
               WCT , 11.19AM  8/3/2005.   RM 3.88.

               跌跌不休,  势如破竹.

shuhjiunho

好壮观。。。
是应该学习乌天兄说的“止损”了，还是“抱死不放”呢？

tomteohyk

最近又发现一位 John MArk 国外投资高手所提倡＂专门买大家看不好的股，但是高管理必须可以依靠＂。
等跌到很低， 才考虑买进。
他也是一样赚大钱从投资方面.
1) the more warnings issued, the better stocks tend to do at the start of the next quarter,
2) this month's awful preannouncements may turn out to be great news for the market,
3) investors should focus on stocks with the lowest EPS expectations over the next year.

WCT也可以这样用（个人意见）
自己跟朋友大赌，但绝对不买这只股(一向来都不喜买建筑股)
看看是否John Mark 的投资原理行得通???
真要考虑，必须跌下PE＜１０，大概RM2.00

谢谢长辈指点

又是另个投资方法.....
haha.........

[ Last edited by tomteohyk on 8-3-2005 at 12:34 PM ]