KLSE (MYR): ADVCON (5281)
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Advancecon Holdings Berhad is a Malaysia-based company, which mainly operates in the construction industry. Advancecon Group, comprising the Company and its subsidiaries, principally partakes in two main business segments: its Construction and Support Services segment and its Property Investment segment. Under Construction and Support Services segment, the Group is engaged in the provision of earthworks and civil engineering services, including road works and drainage works; the sale of construction materials, such as quarry, premix and precast products, as well as ready-mix concrete; the leasing of machinery and equipment used in construction projects, and the operation of other general construction services. Under Property Investment segment, the Group acquires investment properties from its property development partners and then sells these properties after a holding period of three to five years to reap capital gains.