Tag: wct

23 May 2018 WCT Holdings Bhd's (WCT) net profit rose 16.9% to RM38.39 million in the first quarter ended March 31, 2018 (1QFY18) from RM32.84 million a year ago, on higher construction billings from local infrastructure projects. Earnings per share was up 2.71 sen for 1QFY18 compared with 2.62 sen for 1QFY17. Quarterly revenue also … Continue reading WCT 1Q net profit up 17% on higher construction billings

3 April 2018 Analysts are mixed over property conglomerate WCT Holdings Bhd's proposed acquisition of a 60 per cent stake in Subang Skypark Sdn Bhd. The group had on Monday said it would buy Subang Skypark from Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for RM44.56 million cash. (Photo from … Continue reading Analyst mixed over WCT’s proposed acquisition of Subang Skypark

4 April 2018 Shares in WCT Holdings Bhd closed lower yesterday as news that it was acquiring a controlling 60% stake in the operator of the Skypark Terminal at the Sultan Abdul Aziz Shah Airport in Subang, Selangor failed to excite investors. The stock closed two sen or 1.64% lower at RM1.20, giving it a … Continue reading WCT’s Subang Skypark deal fails to excite

19 January 2018 Malaysian construction and property company WCT Holdings is seeking to list a real estate investment trust by end-2018, with assets that could top 2 billion ringgit ($505.24 million), a person familiar with the matter said. The company plans to establish a REIT and park several assets under the trust. WCT's current assets … Continue reading Malaysia’s WCT Holdings Seeks To List REIT By 2018-End

30 November 2017 WCT Holdings Bhd expects its property investment segment to contribute 35% to the group’s bottom line in 2018, from 30% at present, following the opening of Paradigm Johor Baru (JB). Subsequent to the opening of the mall, two days ago, WCT expected its current stable of shopping malls to benefit from the … Continue reading WCT sees higher contribution from property investment segment

27 October 2017 WCT Holdings Bhd is expected to list its real estate investment trust (REIT) in mid-2018, after it had had delayed the listing of the property trust that was scheduled by end-2017, according to Affin Hwang Investment Bank Bhd (Affin Hwang IB). In addition, Affin Hwang IB said WCT may consider injecting its … Continue reading WCT to list REIT in mid-2018, may inject Paradigm Mall JB