WCT reports higher earnings in Q1

27 May 2019 - The Star Online
PETALING JAYA: WCT Holdings Bhd ’s net profit rose 8.8% to RM40.32mil, or 2.92 sen earnings per share (EPS) in the first quarter ended March 31 against RM37.06mil, or 2.62 sen EPS in the same quarter last year The engineering and construction recorded a lower revenue of RM515mil as compared to RM540mil ...
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IJM, Sunway, WCT and Muhibbah in focus as construction outlook improves

14 May 2019 - The Star Online
KUALA LUMPUR: CIMB Equities Research sees the order book replenishment outlook for contractors across the board (on account of the reinstatement of cancelled/ deferred jobs) has greatly improved compared to a year ago. In its report on the construction sector on Tuesday, it expects the tender environment ...
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Earnings recovery for WCT expected in FY19

3 Apr 2019 - The Star Online
KUALA LUMPUR: RHB research expects WCT Holdings Bhd to stage a recovery with its FY19 earnings due to higher progress billings at its construction division offsetting weaker earnings from its property development division. "Besides better earnings prospects, we like the company for its undemanding valuations ...
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WCT rises on news of RM1.1bil TRX project

11 Jan 2019 - The Star Online
PETALING JAYA: WCT Holdings Bhd shares rose on the announcement of its 20%-stake JV in CORE Precious Development Sdn Bhd that will jointly develop a residential project in Tun Razak Exchange (TRX) with China Communications and Construction Group (CCCG). This first residential project at the TRX will ...
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WCT climbs on RM1.1b TRX residential project news

10 Jan 2019 - The Star Online
KUALA LUMPUR: Shares in WCT Holdings Bhd rose 2.63% in early trade Thursday on news that it would jointly develop the first residential project at the Tun Razak Exchange (TRX), with an estimated gross development value (GDV) of RM1.1bil. WCT rose 2.63%, or two sen to 78 sen with 1.7 million shares done. ...
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Weak property sales cloud WCT’s earnings outlook

25 Dec 2018 - The Star Online
PETALING JAYA: The recent contract win has boosted WCT Holdings Bhd ’s orderbook above the RM2bil mark this year, exceeding the market’s expectation, but analysts said weak property sales is clouding the group’s earnings outlook. Last week, WCT announced its joint-venture (JV) with TSR Capital Bhd was ...
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WCT and TSR Bina secure RM676.8mil contract

22 Dec 2018 - The Star Online
KUALA LUMPUR: WCT Bhd and TSR Bina Sdn Bhd have secured a RM676.8mil contract to construct a shopping complex here from PNB Merdeka Ventures Sdn Bhd. WCT and TSRB are wholly-owned subsidiaries of WCT Holdings Bhd and TSR Capital Bhd respectively. In a filing with Bursa Malaysia yesterday, WCT Holdings ...
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PNB awards Merdeka 118 shopping mall contract to WCT-TSR JV

21 Dec 2018 - The Star Online
KUALA LUMPUR: PNB Merdeka Ventures Sdn Bhd, the developer of the Merdeka 118 project, has awarded the contract to build an eight-storey shopping complex at the former site of Stadium Merdeka to a joint venture between WCT Holdings Bhd and TSR Capital Bhd . The RM676.8mil job will commence on Jan 2, ...
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WCT profits fall below expectations, says PublicInvest

27 Nov 2018 - The Star Online
KUALA LUMPUR: PublicInvest research said WCT Holdings Bhd 's year-to-date core net profit of RM105.3mil, which is 9.8% lower year-on-year, was below its expectations. The research house said it is leaving its forecast on the counter unchanged with a neutral rating and unchanged target price of RM1. ...
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MARC lowers WCT's outlook to negative due to high borrowings

23 Nov 2018 - The Star Online
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has lowered the ratings outlook for WCT Holdings Bhd due to the slower-than-expected progress to reduce its elevated leverage position which is unlikely to be addressed meaningfully over the near term. The rating company said on Friday the group ...
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