March 3, 2011

WCT - OSK Research: WCT targets RM2b in new jobs, RM400m launches

Stock Name: WCT
Company Name: WCT BHD
Research House: OSK

KUALA LUMPUR: OSK Research has raised the earnings outlook for WCT BHD [] which is targeting RM2 billion in new contracts and RM400 millio in launches this year.

'Our FY11-12 earnings are raised by 3%-6% and TP revised upwards to RM3.75. Maintain BUY,' it said.

OSK Research said WCT management had assured that there will be no further provisions for the Bakun dam and that the Middle East unrest had not impacted its operations.

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