Here are the latest updates regarding $WCT Holdings Bhd as of July 12, 2025:
1. Major Highway Contract Win 🚧
Contract Awarded: WCT’s subsidiary secured a RM 365.22 million contract (inclusive of SST) from Projek Lebuhraya Usahasama Bhd for widening the North–South Expressway.
Scope: Construction of additional lanes between Sedenak and Simpang Renggam – including earthworks, demolition, bridges, drainage, lighting, and utility relocation The Edge Malaysia+8The Edge Malaysia+8BusinessToday+8.
Timeline:
Start Date: 28 July 2025
Duration: 36 months (target completion by mid‑2028) i3investor+3i3investor+3i3investor+3BusinessToday.
2. Analyst Sentiment & Orderbook Outlook
MIDF Research upheld a BUY rating with a 95 sen target, estimating ~41.8% upside. They expect this contract to contribute to FY26 earnings, lifting WCT’s orderbook to ~RM 2.9 billion BusinessToday.
PublicInvest also maintained an Outperform rating with a RM 1.08 target. They anticipate this job to add 2–4% annually to net profit over the next three years, and they estimate WCT’s orderbook stands at RM 2.8 billion post-contract i3investor+6i3investor+6BusinessToday+6.
3. Financial Snapshot (as of Q1 FY25)
Revenue rose slightly (~+1%) to RM 472 million.
Net Profit dropped ~25.9% year-on-year to RM 11.97 million, due in part to reduced contributions from associates and tapering construction revenue as some projects near completion The Edge Malaysia.
4. Setbacks: Overseas Project Cancelled
WCT and its JV partner lost a RM 1 billion+ expressway project in Oman (Batinah Expressway). The Omani authorities decided against proceeding with the project on 6 April 2025 The Edge Malaysia.
📊 Summary:
Metric / EventDetailsNew Contract ValueRM 365.22 millionOrderbook SizeRM 2.8–2.9 billionMajor Project Start28 July 2025Completion Timeline~36 months (mid‑2028)Analyst RatingsBUY / Outperform (target RM 0.95–1.08)Q1 FY25 ProfitRM 11.97 million (-25.9% YoY)Overseas Project LossOman Expressway (RM >1 billion).