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楼主: heamq

MALTON-LA,可攻可守。。。

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发表于 2017-5-5 23:00 | 显示全部楼层
再传丹斯里林晓春有意把两家公司合并?林晓春分别持有WCT控股(WCT)和马顿(MALTON)的18%及35%股权。是否有意提高公司的市值和估值来竞标更多项目?这有待定。
今日Malton闭市在1.55上升18仙(+13.14%),WCT闭市在2.31上升12仙(+5.48%)

艾芬黄氏资本分析员曾指出不排除WCT控股和马顿合併的可能性,并认为两家合并可收窄它与重量级建筑和产业股的市值及估值之间的差距。
合併可结合2家公司的人才、在各地区建立更广泛的产业产品、并利用当前的产业整合趋势,提升竞争力。

但是2家公司都有较高的负债,若要合併可能会通过换股方式进行。

成为Bukit Jalil 的领航者?
马顿是一家涉及综合发展项目的利基产业发展商和建筑承包商,目前最大的发展项目为35亿令吉的武吉加里尔城(Bukit Jalil City)。

目前WCT控股也在邻近武吉加里尔(Bukit Jalil)的华联花园发展价值40亿的综合发展项目,其中包括购物广场、酒店、公寓等计划。

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发表于 2017-5-6 17:25 | 显示全部楼层
Malton group, Dalian, EPF to team up for job?


Keen interest: Wang is speculated to be bidding for the Bandar Malaysia project. – Reuters



HEADQUARTERED in Beijing, Dalian Wanda Group a multinational conglomerate founded by China’s richest man, Wang Jianlin, is speculated to be bidding for the Bandar Malaysia project together with the Malton Group headed by Tan Sri Desmond Lim.
Sources say that there is a possibilty of the Employees Provident Fund being part of the team.

Shares linked to Lim – namely Malton Bhd and WCT Holdings Bhd – saw active trading. Malton was up 18 sen to close at RM1.55 while WCT increased by 12 sen to finish the day at RM2.31.

“Lim and the Malton group have in the past been associated with the Bandar Malaysia project. The foreign partner at that time was said to be Qatar Investment Authority, the sovereign wealth fund of that country,” said a source.


However, QIA no longer put its money into iconic property development projects.
Set up in 1988, the Dalian Wanda group focuses on four major industries namely commercial property, culture, Internet and finance.

Under the leadership of Wang, 63, who has been chairman of the group since 1989, Dalian Wanda has grown to become the world’s biggest private property developer and owner, and the world’s largest cinema chain operator. The group wholly owns Wanda Cinemas in China and Hoyts Group in Australia, as well as a majority stake in US-based AMC Theatres.

In its website, Dalian Wanda says its vision is to become a world-class multinational corporation with assets of US$200bil (RM867bil), market capitalisation of US$200bil, revenue of US$100bil and net profits of US$10bil by 2020.

Last year, the group’s assets stood at 796.2 billion yuan (RM500.7bil), with an operating revenue of 255 billion yuan.
Dalian Wanda was ranked 385th on the Fortune Global 500 List in 2015.

The group’s property division Dalian Wanda Commercial Properties made its debut on the Hong Kong Stock Exchange in December 2014. The exercise, which raised US$3.7bil. Wang has a net worth of US$30.6bil.

At present, its unit – Wanda Commercial Properties – is the world’s largest commercial property enterprise, holding a combined 32.33 million sq m of property space. It has opened 187 Wanda Plaza projects in Beijing, Shanghai, Chengdu and Kunming with plans to open 50 more in China this year.

In its cultural division, the company’s Wanda Cultural Industry Group is considered to be China’s largest cultural enterprise, with an annual revenue of 64.1 billion yuan in 2016. Through its subsidiaries, the company operates cinemas, film industry parks, performing arts, film technology entertainment, theme parks and karaoke venues. It also offers film production, publications, media, art collecting and cultural tourism services.

In the Internet segment, the group’s Wanda Internet Technology Group is China’s only Industry + Internet large open platform. It has Ffan Technology, 99Bill, Credit Rating Company, Online Credit Company, Big Data, cloud computing, artificial intelligence and scene application. In the financial segment, Wanda Financial Group has investment, asset management, insurance and other companies. It aims to achieve a fully-licensed financial operation.

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发表于 2017-5-7 12:27 | 显示全部楼层
卧龙先生 发表于 2017-5-6 17:25
Malton group, Dalian, EPF to team up for job?

WCT

Tolled Expressway With Indo-China Region.

It is said to be the front-runner to construct a tolled expressway within the Indo-China region.

The contract, expected to be announced within two months from May 2017, can potentially yield the company a 20% return.

On April 25 2017, the Cambodian and Vietnamese governments signed a MOU to construct the expressway linking Ho Chi Minh in Vietnam and Phnom Penh in Cambodia, to facilitate transportation.

The Vietnamese government will build the 65km road fromHo Chi Minh City to MocBai, while Cambodia constructs the 130km Phnom Penh-Bavet section. Funding will be provided by Japan.

The Ho Chi Minh-MocBai expressway will have six lanes and run parallel with Highway 22. It is expected to cost some US$650 mil (RM2.81 bil). The shortest route between Phnom Penh and Ho Chi Minh is currently 232km.

REIT, Share Placement.

Its next phase of its de-gearing initiative is the REIT deal in mid-2017.

The property market remains tough with no new launches planned (Till mid April 2017); the RM500 million internal sales target could be at risk if year-to-date (YTD) sales of RM133 million lose momentum.

Job visibility looks good, with more LRT3 and MRT2 packages up for tender.

A share placement overhang and uncertainty about the REIT deal could cap the upside to its share price.

Key points from management include: i) the de-gearing initiative continues to be the priority, and other land bank disposal moves are also on the cards; ii) the RM500 million property sales target remains intact amid a still-challenging market, with no new launches planned in the second half of 2017 (2H17); iii) WCT is upbeat on job flows and targets to secure a larger-value LRT3 package; and iv) the second tranche of the share placement is likely in 2H17.

With a 0.9 times net gearing level that is at the higher range of comparable contractors/property developers.

Medium-term focus continues to be the group’s REIT plans. The unchanged guidance was that the RM1.1 billion REIT deal could be realised either by the formation of a new REIT vehicle or an outright asset injection into an existing REIT. Under the new REIT vehicle scenario, WCT will likely retain a 30% to 40% stake. Observers expect more developments by mid-2017.

WCT clinched an RM186 million contract to undertake package TD1, which is the construction of Johan Setia Depot (Phase 1) for the LRT3 project — its first contract win for 2017.

WCT has also tendered for other larger-value LRT3 packages worth RM400 million to RM500 million. It is also bidding for more MRT2 jobs, though likely smaller than the RM893 million package V204 secured in late 2016.

Management remains upbeat about its job flow prospects in 2H17.

Based on optimistic scenario and assuming no delays in the REIT deal, WCT should be able to raise RM1.2 billion to RM1.3 billion from the REIT (estimated RM660 million in net proceeds), RM300 million to RM400 million from the land sale, and RM221 million from the share placement by end-2017.

Assume WCT retains an about 40% stake in the REIT.

It is speculated that the placement will be to a strong strategic partner who will come to add value to WCT.

Observers expect WCT’s strong job flow outlook to be mitigated by property sales risks and uncertainty surrounding its REIT plans.

In November 2016, its original founders sold out to tycoon Tan Sri Desmond Lim Siew Choon, in a transaction valued at RM2.50 per share, for a total of RM614.28mil. About three months later (Jan 2017), the company has proposed to place out up to 10% of its existing issued and paid-up share capital, or approximately 125 million shares. The company hopes to raise about RM212.5mil based on an indicative issue price of RM1.70 per share.

It will allocate RM80mil to repay bank borrowings and RM130mil for working capital.

WCT counts some big local funds as its substantial shareholders. Based on Bursa filings, Lembaga Tabung Haji has a 9.83% stake in WCT followed by the Employees Provident Fund (EPF) with 8.03%, Skim Amanah Saham Bumiputera with 6.29% and the Retirement Fund Inc (KWAP) with 6.3%.

With a combined stake slightly less than one-third, these four government-linked investment funds can yield significant clout.

Speculation that the company may opt to bring in a strategic shareholder which could be a shot in the arm to alleviate cash-flow constraints. Lim - who is synonymous with the Pavilion Group of malls and Malton - had previously roped in strategic partners for his other big ventures.

WCT's debt borrowings stood at RM2.59bil now (Jan 2017).

Earlier strategy to dispose of remaining non-core assets that kicked off with the sale of Ascent Paradigm to the EPF for RM347mil could be shelved or take longer than expected.

WCT’s construction division has an outstanding orderbook of about RM5bil. Out of this, RM755mil relates to the Tun Razak Exchange infrastructure works which does not generate any cash flow, as profits will be used to acquire a plot of land there.

WCT will need funds for working capital related to some of its newly secured sizeable jobs such as the MRT2 (RM896mil), Pan Borneo Highway (RM389mil), several packages at Rapid and the development cost for Paradigm Mall JB, Lead Residence Klang and Waltz Residence KL.

WCT’s property division has developments in the Klang Valley, Iskandar Malaysia and Sabah, while it also owns three malls and a hotel as part of its property investment assets.

But there are synergistic opportunities that can be created with Lim’s 28% stake in PavREIT and 41.2%-owned Malton. The fact that Lim paid a premium for his WCT stake indicates that he may have grand plans for the company. Since his entry, Lim has assumed the helm of WCT as executive chairman.

The company also saw several changes to the board. WCT’s co-founder and previous managing director, Peter Taing Kim Hwa, still owns a small stake of 0.36% in the company.

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发表于 2017-5-8 09:12 | 显示全部楼层
果然开跑了
wct and malton 双双报捷

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x 0
发表于 2017-5-15 14:26 | 显示全部楼层
提示: 作者被禁止或删除 内容自动屏蔽

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x 4660
发表于 2017-5-15 21:38 | 显示全部楼层
hqqyj 发表于 2017-5-15 14:26
顶一下吧~ 很少见的好帖了


@随便走走

提早赎回
malton-la将写下句号了
25 May停牌
有票的记得出售或转成母股
大马城目前最有希望的看来是MRCB

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