$WCEHB (3565.MY)$ On its prospects, WCE Holdings noted stead...

$WCEHB(3565.MY)$ On its prospects, WCE Holdings noted steady traffic growth on operational sections following the recent opening of Section 11 of WCE, spanning Beruas to Taiping Selatan, with a 37% increase in traffic volume from the preceding year in 4QFY2024.

"In 4QFY2024, the sectional average daily traffic saw a 53% increase compared to the same period in FY2023, with the Raya festive period in April 2024 witnessing a peak traffic volume of 350,000 sectional average daily traffic, a significant surge of 150% from the previous record set in December last year of 140,000 sectional average daily traffic," the group said.

Anticipating further traffic growth upon the completion and operation of Section 1 (Banting-South Klang Valley Expressway [SKVE]) and Section 2 (SKVE-Shah Alam Expressway [KESAS]), WCE Holdings also expects increased toll revenue from new sections to enhance its financial performance, improving cash flows and operating results.

"Once the entire alignment of WCE is fully operational, we expect a shift towards profitability as revenue growth outpaces interest costs," the group added.