Stock Name: WCT
Company Name: WCT BHD
Research House: AMMB
WCT Bhd, a Malaysian builder, had its stock rating downgraded to "hold" from "buy" at AmResearch Sdn Bhd which cut its earnings forecast by 48 per cent amid uncertainties surrounding the Bakun dam project.
The research house also cut the stock's fair value to RM3.03 from RM3.70.
WCT has an effective stake of 7.7 per cent in the Malaysia-China Hydro joint venture that handles the civil works on the project. -- Bloomberg
Company Name: WCT BHD
Research House: AMMB
WCT Bhd, a Malaysian builder, had its stock rating downgraded to "hold" from "buy" at AmResearch Sdn Bhd which cut its earnings forecast by 48 per cent amid uncertainties surrounding the Bakun dam project.
The research house also cut the stock's fair value to RM3.03 from RM3.70.
WCT has an effective stake of 7.7 per cent in the Malaysia-China Hydro joint venture that handles the civil works on the project. -- Bloomberg
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