HLIB Research said WCT’s construction segment could remain choppy as its estimated unbilled construction order book stands at RM2.4bil.
PETALING JAYA: Despite slower work progress and sluggish margin recovery, WCT Holdings Bhd
will continue to focus on project execution and cost recovery from completed projects, say analysts.
Hong Leong Investment Bank Research (HLIB Research) said WCT’s construction segment could remain choppy as its estimated unbilled construction order book stands at RM2.4bil, translating to 2.2 times cover on its financial year 2023 (FY23) construction revenue.
