In Q3FY2025, NCT saw a significant decline in both revenue and profit compared to Q3FY2024. Revenue dropped by about 44%, from RM91.03 million to RM50.63 million. Profit before tax fell by 51% under the merger method and by 6% under the acquisition method. The decline was primarily due to the completion of the Grand Ion Majestic project in 2024, which had been a major revenue contributor.

After briefly retracing from the RM0.64 peak, NCT has found solid support around RM0.60, where buying interest re-emerged on lighter volume, a constructive sign that profit-taking was absorbed efficiently without heavy distribution. The rebound in the latest few sessions has been accompanied by renewed volume uptick, suggesting accumulation is resuming. Momentum oscillators, particularly the lower-panel histogram, show that bullish strength is consolidating at a higher base, aligning with the price’s attempt to form a higher low setup.

NCT Alliance has hit a key milestone with Phase 2 of its NCT Smart Industrial Park (732.5 acres, GDV RM2.5 billion) and a RM1.0 billion Sukuk Wakalah launch. Phase 2 aims to attract high-tech, logistics, and advanced manufacturing tenants, supporting Malaysia’s Industry 4.0 and ESG goals, with completion targeted in 2029. The Sukuk strengthens financial flexibility and ensures capital for growth. With government support and rising industrial demand, NCT is well-positioned to drive Selangor’s industrial and logistics growth.