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 Corp (MARC) said.
MARC in a statement yesterday said that with WCT’s infrastructure contracts largely from the government or government-linked companies, counter-party credit risk is substantially mitigated.
“Its major non-government linked contract, the RM2.97bil superstructure contract for the Pavilion Damansara mixed-development, is a related-party project,” the rating agency said.
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