Stock Name: WCT
Company Name: WCT BHD
Second sizeable win in just two weeks. A RM331m job win has lifted WCT's outstanding order book by 11% (24% YTD) to RM3.3b. Job win momentum has been very encouraging so far, and we expect more positive newsflow riding on a tender book of at least RM4b. We retain our earnings forecasts, having imputed job win assumptions. WCT remains a Buy with a SOP-based TP of RM3.15 (15x 2012 earnings plus 20sen increment from the KLIA2 IC concession).
Maybank Research 23 Feb 2012
Click here for full report
Company Name: WCT BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 3.15 |
Second sizeable win in just two weeks. A RM331m job win has lifted WCT's outstanding order book by 11% (24% YTD) to RM3.3b. Job win momentum has been very encouraging so far, and we expect more positive newsflow riding on a tender book of at least RM4b. We retain our earnings forecasts, having imputed job win assumptions. WCT remains a Buy with a SOP-based TP of RM3.15 (15x 2012 earnings plus 20sen increment from the KLIA2 IC concession).
Maybank Research 23 Feb 2012
Click here for full report
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