Stock Name: WCT
Company Name: WCT BHD
Research House: MIDF
KUALA LUMPUR: MIDF Research has maintained its buy call on WCT BHD [] at RM2.57 and said the company's 1Q10 net profit of RM35 million was within its own and consensus estimates.
The company's pretax margin improved to 13% in 1Q10 as compared to 7.1% in 1Q09, thanks to its E and C and property and investment holdings while property development remained stable, it said.
"Maintain buy recommendation with a target price of RM3.30, pegged at 14.5 times PER on FY10 EPS.
"At RM2.57, the stock represents a 12-month potential returns of 32%, inclusive of 3.5% dividend yield," it said.
Company Name: WCT BHD
Research House: MIDF
KUALA LUMPUR: MIDF Research has maintained its buy call on WCT BHD [] at RM2.57 and said the company's 1Q10 net profit of RM35 million was within its own and consensus estimates.
The company's pretax margin improved to 13% in 1Q10 as compared to 7.1% in 1Q09, thanks to its E and C and property and investment holdings while property development remained stable, it said.
"Maintain buy recommendation with a target price of RM3.30, pegged at 14.5 times PER on FY10 EPS.
"At RM2.57, the stock represents a 12-month potential returns of 32%, inclusive of 3.5% dividend yield," it said.
No comments:
Post a Comment