Salcon catches investors’ attention

Eddy Leong says the cash will be for expansion into property development and new income stream investments.

Salcon Bhd, whose share price has risen by some 17% over the last two weeks, is sitting pretty with a lot of cash in hand, a sizeable order book, valuable land bank and new growth opportunities from a broadband-type business.

The water and wastewater engineering company, which began diversifying into property development two years ago, is touted as one of the few Malaysian companies to have made a significant amount of money by divesting a business in China.