PETALING JAYA: WCT Holdings Bhd
will likely see improved prospects next year, underpinned by a healthy outstanding construction order book and unbilled property sales.
Further, the impending listing of its Paradigm real estate investment trust (REIT) is expected to be a re-rating catalyst for WCT’s shares.
In its report, CIMB Research noted that WCT’s outstanding order book stood at RM2.9bil as of end-September 2024, which included two new mandates, namely PLUS lane expansion and common infrastructure works at Kwasa Damansara, translating into an order book/revenue cover of 2.6 times.
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