Analysts keep 'neutral' call on WCT, cite REIT plan to unlock asset value
Notably, WCT recently secured an external job consisting of a RM249.
Notably, WCT recently secured an external job consisting of a RM249.
This will allow the group to unlock the value of its investments in the properties, the construction and property group said in a bourse filing.
Malton said on Tuesday that it is acquiring 30.
The contract, awarded by Projek Lebuhraya Usahasama Bhd, involves the construction of the additional lanes on the stretch from Yong Peng (North) to Senai (North) in Johor, said WCT.
The counter has jumped 61% since the beginning of this year and surged 91.
This is not the first time Fajarbaru has won a contract from WCT.
Quarterly revenue, however, rose 5.
“Upon completion of the acquisition and the transfer of the sale shares to WCTB, the joint venture company shall become a wholly-owned subsidiary of WCTB.
The main building works consist of three blocks of residential condominium towers comprising 341 units, together with four levels of basement car park and three levels of podium facilities.
WCT group managing director Datuk Lee Tuck Fook said the group will continue to focus on project execution, while identifying new opportunities to replenish the order book of RM3.