Highlights
KLSE: WCEHB (3565)       WCE HOLDINGS BERHAD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.37   -0.005 (1.33%)  0.37 - 0.375  269,400
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Overview

Market Cap: 1,105 Million
NOSH: 2,988 Million
Avg Volume (4 weeks):1,293,560
4 Weeks Range:0.345 - 0.40
4 Weeks Price Volatility (%):
45.45%
52 Weeks Range:0.225 - 0.405
52 Weeks Price Volatility (%):
80.56%
Average Price Target: 1.16
Price Target Upside/Downside: +0.79
Stamp duty exempted for year 2023

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#3]  |  22-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  24-May-2023
T4Q P/E | EY: -15.12  |  -6.62%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3178  |  1.16
T4Q NP Margin | ROE: -16.28%  |  -7.70%

Headlines

Date Subject
21-Feb-2023 MQ Market Updates - 21 February 2023
21-Feb-2023 Mplus Market Pulse - 21 Feb 2023
21-Feb-2023 WCE Shareholders Give Nod for Disposal of 40% Stake in Radiant Pillar for RM494m
22-Dec-2022 Technical Buy - WCEHB (3565)
12-Oct-2022 Mplus Market Pulse - 12 Oct 2022
11-Oct-2022 MQ Market Updates - 11 October 2022

Business Background

WCE Holdings Bhd along with its subsidiaries is involved in investment holding. The company has toll concession, construction and others segments. Toll concession segment covers construction, management and tolling of highway operation. Construction segment comprises construction contracting and others segment includes leasing, management services and investment holding. The company mainly operates in Malaysia. Majority of its revenues come from toll concession segment.
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  6 people like this.
 
albertyek RM0.50 was my prediction for CNY 2023 also..those who are optimistic normally share a common mindset
25/01/2023 10:19 PM
CarmenChin Kindly share what The Star has published
26/01/2023 6:51 AM
CarmenChin Quick Summary frm the Star:
Almost all issues that have plagued WCE's biggest project have been resolved.

The West Coast Expressway, which was supposed to be fully opened to public in 2019, is currently 82% completed.

THE past several years were excruciating for WCE Holdings Bhd, especially with its crown jewel project – the RM7bil West Coast Expressway – delayed since 2019.
26/01/2023 3:02 PM
speakup IJM owns 25% of WCE
26/01/2023 3:05 PM
albertyek Alahai still have people letting go kah? Still remaining 18% incomplete can rise RM0.04 per day just imagine once it's completed..sometimes rich buyers still cannot process real info haisshhhh
26/01/2023 7:56 PM
paperplane once completed, Govt want to takeover perhaps?......IJM tollroads might be in pipeline, just like how Gamuda tollroads being taken over as national strategic assets.
27/01/2023 10:47 AM
CarmenChin hope IJM able to strike a deal to sell off WCE highway to ALR: https://www.theedgemarkets.com/article/ijm-talks-sell-highways-amanat-lebuhraya-rakyat
27/01/2023 11:26 AM
speakup honestly govt will adopt a wait and see on WCE highway
if it is making good money, they will buy it over (same like KESAS, LDP, etc)
if it continue to lose money, they will wait until it bleed and buy it over at distressed price
27/01/2023 11:31 AM
speakup govt take over KESAS & LDP cos they are money printing highways
27/01/2023 11:32 AM
albertyek WCE highway to alleviate dangerous PLUS sections in Perak can get into distressed? Only COVID-24 will cause it to be distressed else it is just a joke hahahaha
27/01/2023 1:39 PM
paperplane Think will be making money soon, and sadly if Govt to takeover at any price below RM1.
27/01/2023 3:37 PM
albertyek WCEHB 3565 has a previous highest at around RM1.70 and with so many big names as major shareholders they will collectively offer the government at least that price or higher
27/01/2023 3:57 PM
hng33 sold at 40sen, wce is need 7-8year to breakeven before making money after highway completion. During these 7-8 year gestation period, interest expense will be higher than toll revenue collection.
27/01/2023 4:41 PM
hng33 Swap to ekovest for better exposure to toll concession
27/01/2023 4:43 PM
CarmenChin another writeup worth reading: https://klse.i3investor.com/web/blog/detail/chivocapital/2020-12-28-story-h1538426298-_CHOIVO_CAPITAL_WCE_3565_When_the_roads_align_562_Upside
27/01/2023 4:43 PM
ZitradeTrendTrader YOU WILL REGRET IF YOU DIDN'T WATCH THIS! Next trading opportunity? Rally COMING??
https://youtu.be/93LdWP7hjeE

Please show us some support by watching our analysis video, thank you! :D
27/01/2023 6:15 PM
CarmenChin https://www.theedgemarkets.com/article/wce-1q-net-loss-narrows-lower-interest-expenses-higher-share-profit-associates
28/01/2023 11:16 AM
speakup Old news tot was new
28/01/2023 11:29 AM
CarmenChin An old write up which worth reading: https://m.malaysiastock.biz/Blog/BlogArticle.aspx?tid=23794
28/01/2023 2:09 PM
speakup @carmenchin, keep up the recycled old new
28/01/2023 10:58 PM
TonsilBasher this is a counter for long term investor. many are hoping you sell so that they can buy at low price
30/01/2023 9:10 AM
albertyek hahaha that is the trick so cannot believe all the pessimists because they just want you to lose so that they can gain
30/01/2023 9:41 AM
CarmenChin another 3 OLD writeup by Choivo Capital frm -ve to +ve opinion:
1: Nov 2018- https://choivocapital.com/2018/11/28/a-brief-analysis-and-valuation-of-wce-holdings-berhad-wcehb/
2: JULY 28, 2020- https://choivocapital.com/2020/07/28/why-highways-are-a-gruesome-industry-wce-holdings-berhad-3565/
3: JANUARY 7, 2021- https://choivocapital.com/2021/01/07/wce-3565-a-2021-update/

0 seconds ago
30/01/2023 4:54 PM
albertyek an old road side sweeper didn't finish Standard 6 also can earn big by investing now in this share hahahaha
30/01/2023 4:57 PM
paperplane my thinking simple, whole concession worth around RM5 bil + to 6 billion maturity like 50yrs+.

Now it is trading at market nearly RM1.1billion only, worth or not
09/02/2023 2:00 PM
paperplane of course, at the down side, i have been holdings for more than 5years low losing money. Opportunity cost is high where EPF pay 6% average a year, FD pay 4% avg a year past 5 years.....
09/02/2023 2:04 PM
DestinyL Hard to make a call
Investing now may take another 2 years, but by then, price may be 50 sen++
Perhaps take a small position now will be good for those on the sideline
But those who already hold many years now, definitely will be much lower total returns since price is also cheaper if you buy now
14/02/2023 10:15 PM
albertyek since the price is still below RM0.50 why not invest now?
15/02/2023 3:12 PM
DestinyL Because it may still be below 40 sen in another year's time lol
15/02/2023 11:10 PM
albertyek https://www.theedgemarkets.com/node/655983

Best news at the moment
21/02/2023 6:35 AM
albertyek All aboard for RM0.50 now yeehaa
21/02/2023 9:44 AM
DestinyL This news has been around since many weeks ago. I guess there is a big lag in reaction?
23/02/2023 1:21 PM
albertyek better late than never...come on get it to RM0.50 and beyond
23/02/2023 4:42 PM
DestinyL I'm in for a looooong ride
23/02/2023 4:48 PM
albertyek long ride for RM1.00?
23/02/2023 6:13 PM
DestinyL Way more lol
23/02/2023 7:31 PM
Gen2 West Coast Expressway will be fully opened by 2024 and no doubt initially the interest expense will be higher but it would not take long until company could dispersed some of the toll collections into dividend payout as the whole project ROI has been carefully calculated. This is the best time to collect more if share price maintain or even better if lower.

Whoever think to stand sideline until it take profit will missed the boat especially those short term this company is not suitable for them.
24/02/2023 11:15 AM
DestinyL It may take till 2025, especially the stretch in Selangor
24/02/2023 11:20 AM
albertyek As long as Section 12 Beruas Changkat Jering is opened then almost all Northern bound heavy vehicles like buses and lorries would divert to WCE as to avoid the dangerous stretch of PLUS highway along Ipoh Kuala Kangsar..do not need to wait for stretches in Selangor to be completed as there are many other options there.
24/02/2023 12:24 PM
albertyek any Geography experts here to validate my theories?
24/02/2023 12:25 PM
billionn Below 0.385 better run lor
24/02/2023 10:53 PM
albertyek today price went down less than RM0.385 but quickly regained back to opening price...more people run into WCEHB when price goes down..hahahaha
27/02/2023 5:20 PM
DestinyL Short term punters will hit and run
Trending down a little in this uncertain market is normal
02/03/2023 2:26 PM
DestinyL Btw, there is no section 12
Section 11 is indeed important for Banting area traffic to Taiping
02/03/2023 10:58 PM
albertyek https://www.wce.com.my/project-updates/

Section 11 is 78% completed by January 2023 as compared to 75% back in December 2022
03/03/2023 9:43 AM
DestinyL Yeah, but no progress on section 1, 2, 3. Seems like Selangor is going to drag on
03/03/2023 10:54 AM
Icon 888 Jade
03/03/2023 11:12 AM
albertyek as long as Section 11 is completed on schedule we shall observe majority of heavy vehicles will divert to WCE from PLUS highway in Perak by 2024
03/03/2023 11:42 AM
DestinyL Seems like there's new interest in the counter
21/03/2023 9:09 AM
albertyek Section 11 completion should be surpassing 80% in progress why not building up the anticipation now?
21/03/2023 4:23 PM


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