“WCT’s management intends to realign this to 70% infrastructure and 30% buildings,” MIDF Research said.
PETALING JAYA: WCT Holdings Bhd
is shifting its strategy in 2023 onwards to target more infrastructure projects over buildings, in line with the foreseeable type of jobs that would be rolled out and also due to the higher margins from such projects.
In a report, MIDF Research said it likes WCT’s shift in strategy which favours infrastructure projects, allowing them to tap on the various roads and flood mitigation initiatives that were announced during the tabling of Budget 2023.
