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WCT rises on news of RM1.1bil TRX project

PETALING JAYA: WCT Holdings Bhd shares rose on the announcement of its 20%-stake JV in CORE Precious Development Sdn Bhd that will jointly develop a residential project in Tun Razak Exchange (TRX) with China Communications and Construction Group (CCCG). This first residential project at the TRX will carry an estimated gross development value (GDV) of RM1.1bil.

In a press release, WCT said the project consists of two serviced residence towers and one serviced apartment tower and was expected to be completed by end of 2022.

Singapore home sales face a US$811mil litmus test

SINGAPORE: Barely a week into 2019 and Singapore’s residential home sales market is facing a S$1.1bil (US$811mil) litmus test. Horizon Towers, an older-style building near the popular Orchard Road shopping district, has gone on the market for redevelopment a third time after two failed attempts.

The sellers’ collective has retained its reserve price but other groups of homeowners also seeking so-called en-bloc deals are cutting their asking bids in the hope developers will bite.

Eversendai bags three projects worth RM406m

KUALA LUMPUR: Eversendai Corporation Bhd has secured three contracts worth RM406mil to undertake structural projects in Singapore, India and Qatar.

Eversendai Corporation Bhd has secured three contracts worth RM406mil to undertake structural projects in Singapore, India and Qatar.

WCT climbs on RM1.1b TRX residential project news

KUALA LUMPUR: Shares in WCT Holdings Bhd rose 2.63% in early trade Thursday on news that it would jointly develop the first residential project at the Tun Razak Exchange (TRX), with an estimated gross development value (GDV) of RM1.1bil.

Trading ideas: Ancom, Nylex, WCT, AirAsia

KUALA LUMPUR: JF Apex Research expects Ancom Bhd, Nylex (Malaysia) Bhd, WCT Holdings Bhd and AirAsia Group Bhd to be among the stocks to watch following their latest corporate news.

Trading ideas: Ancom, Nylex, WCT, AirAsia

KUALA LUMPUR: JF Apex Reserch expects Ancom Bhd, Nylex (Malaysia) Bhd, WCT Holdings Bhd and AirAsia Group Bhd to be among the stocks to watch following their latest corporate news.

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