KUALA LUMPUR: WCT Holdings Bhd
’s strong construction order book of RM5.4bil at end-June 2021 provides earnings visibility over the next four years, Malaysian Rating Corporation (MARC) said.
It said on Friday that WCT’s infrastructure contracts are largely from the government or government-linked companies, counterparty credit risk is substantially mitigated.
“Its major non-government linked contract, the RM2.97bil superstructure contract for the Pavilion Damansara mixed-development, is related-party project,” the rating agency said.
...