Latest news with #WCTHoldingsBhd
The Star
3 days ago
- Business
- The Star
WCT Holdings set to rebuild momentum
WCT BHD engineering and construction managing director Anthony Teoh. IF WCT Holdings Bhd was hoping for a quiet, under-the-radar return to the construction industry, its latest wins have blown its cover. From its humble beginnings in 1981 as a one-machine company involved in earthworks, it has grown to include an engineering, construction and property development portfolio today. Cancel anytime. Ad-free. Full access to Web and App. RM 13.90/month RM 9.73 /month Billed as RM 9.73 for the 1st month, RM 13.90 thereafter. RM 12.39/month RM 8.63 /month Billed as RM 103.60 for the 1st year, RM 148 thereafter.
New Straits Times
07-07-2025
- Automotive
- New Straits Times
WCT's PLUS contract to add up to 4pct to annual earnings
KUALA LUMPUR: WCT Holdings Bhd's new contract to build additional lanes along the Sedenak–Simpang Renggam stretch of the North-South Expressway is expected to add 2–4 per cent to its annual earnings over the 36-month project period. Public Investment Bank Bhd (PublicInvest) said this is WCT's first win of the year and makes up 36.5 per cent of its RM1 billion job replenishment target for financial year 2025 (FY25). "With this job win, WCT's outstanding construction order book is estimated to increase by 14.6 per cent to RM2.8 billion," it said. However, it maintained its current forecasts, as the job win falls within its FY25 order book replenishment assumptions. The RM365.2 million contract, awarded by Projek Lebuhraya Usahasama Bhd, covers the construction of additional lanes along the Yong Peng (North) to Senai (North) stretch, specifically Phase 2 from Sedenak to Simpang Renggam in Johor. The scope of work includes site clearing, demolition, earthworks, drainage, pavement construction, road markings, installation of road furniture, geotechnical works, bridge building, environmental protection measures, utility relocation, road lighting systems, and the extension of vehicular box culverts. This second phase of the highway expansion was announced under Budget 2024, aimed at upgrading the Simpang Renggam-Machap section from four to six lanes to alleviate traffic congestion in the southern corridor.
The Star
04-07-2025
- Business
- The Star
WCT secures RM365mil job for North-South Expressway expansion
PETALING JAYA: WCT Holdings Bhd had secured a RM365.22mil contract from Projek Lebuhraya Usahasama Bhd (Bhd) for the construction of an additional lane along the North-South Expressway from Sedenak to Simpang Renggam in Johor. In a filing on Bursa Malaysia, WCT Holdings stated the contract was awarded to its wholly-owned subsidiary WCT Bhd on July 4 to undertake Phase 2 of the Yong Peng (North) to Senai (North) stretch. The scope of works includes site clearance, demolition, earthworks, drainage, pavement and road marking works, as well as the construction of bridge structures, geotechnical works, road lighting systems, utility relocation and environmental protection measures. Scheduled to commence on July 28, 2025, the project is expected to be completed within 36 months from the date of commencement.
New Straits Times
04-07-2025
- Business
- New Straits Times
WCT to build extra lanes at PLUS highway in Johor for RM365.2mil
KUALA LUMPUR: WCT Holdings Bhd has won a RM365.2 million contract to build additional lanes along a stretch of the North-South Expressway in Johor. The contract was awarded by PLUS Malaysia Bhd, said WCT in a filing with Bursa Malaysia today. It added that its subsidiary WCT Bhd had executed and accepted the contract that covers a wide range of infrastructure works. This includes site clearance, demolition, earthworks, drainage systems, pavement construction, road markings, installation of road furniture, geotechnical works, bridge structures, environmental protection measures, utility relocation, road lighting and the extension of vehicular box culverts. The highway expansion works are scheduled to commence on July 28, 2025 and are expected to be completed within 36 months. Earlier, PLUS announced that the project to expand the expressway from two to three lanes is being carried out in multiple phases, with phase two set to start on July 28. The company said phase one covers the section from Senai Utara to Sedenak, followed by phase two from Sedenak to Simpang Renggam, and ultimately phase three from Simpang Renggam to Machap. "Construction for phase two will cover a 17-kilometre stretch between Sedenak and Simpang Renggam, with an estimated implementation period of 36 months. "The contract for this phase has recently been awarded to a local contractor through an open tender," it said. PLUS said the project is part of the government's efforts to alleviate congestion along the southern corridor of the NSE during peak hours. The project is fully funded by the government. PLUS is jointly owned by Khazanah Nasional Bhd and the Employees Provident Fund. Khazanah, via UEM Group Bhd, holds a 51 per cent stake in the highway concessionaire, while the EPF owns the remaining 49 per cent.
New Straits Times
18-06-2025
- Business
- New Straits Times
WCT reaffirms commitment to sustainable financial growth across core divisions
KUALA LUMPUR: WCT Holdings Bhd has reaffirmed its commitment to sustainable financial growth across its core divisions. The company said the engineering and construction division continues to pursue new infrastructure opportunities while improving efficiency, while the property development division is supported by a healthy project pipeline, including upcoming property launches at W City Larkinton in Johor Bahru and WCity OUG, Kuala Lumpur. "Strong domestic spending and a rebound in tourist arrivals are expected to continue driving growth across the group's retail mall operations, particularly at its airport malls as well as in the hospitality and business aviation segments," it said in a statement released after the company's annual general meeting (AGM) today. WCT noted that the continued recovery in travel and tourism supported by national initiatives such as Visit Malaysia 2026 positions the group's hospitality and aviation businesses to strengthen their market presence and diversify revenue streams. The successful listing of Paradigm REIT on June 10, 2025 marks a key milestone in the group's asset monetisation and capital recycling strategy. WCT group managing director Datuk Lee Tuck Fook said, while global economic uncertainties persist, the company remains cautiously optimistic about its prospects. "Our diversified business portfolio and strategic initiatives position us well to navigate challenges and capitalise on emerging opportunities in the year ahead," he said. WCT concluded its 14th AGM today, with all nine resolutions tabled duly passed by its shareholders. -- BERNAMA
