Stock Name: WCT
Company Name: WCT BHD
The Kuala Lumpur International Airport 2 (KLIA2) integrated complex is expected to be major re-rating catalyst for WCT
Bhd in the second half of this year, said OSK Research Sdn Bhd.
In a research note today, OSK said WCT, together with Malaysia Airports Holdings Bhd, has been awarded the concession to manage the KLIA2.
"Should there be no further delays in the scheduled commencement of the 35,200 sq m area the operations were expected to commence as soon as April next year," it said.
It said WCT's 70 per cent stake in the project could translate into some 20 sen per share.
OSK said it liked WCT's three-pronged approach to expand its property development, investment and management activities by leveraging on its engineering and construction expertise.
It has maintained a 'buy' call on WCT with revised fair value of RM3.17 in view of the improving sentiment on the construction sector as a whole. -- Bernama
Company Name: WCT BHD
| Research House: OSK | Price Call: BUY | Target Price: 3.17 |
The Kuala Lumpur International Airport 2 (KLIA2) integrated complex is expected to be major re-rating catalyst for WCT
Bhd in the second half of this year, said OSK Research Sdn Bhd.
In a research note today, OSK said WCT, together with Malaysia Airports Holdings Bhd, has been awarded the concession to manage the KLIA2.
"Should there be no further delays in the scheduled commencement of the 35,200 sq m area the operations were expected to commence as soon as April next year," it said.
It said WCT's 70 per cent stake in the project could translate into some 20 sen per share.
OSK said it liked WCT's three-pronged approach to expand its property development, investment and management activities by leveraging on its engineering and construction expertise.
It has maintained a 'buy' call on WCT with revised fair value of RM3.17 in view of the improving sentiment on the construction sector as a whole. -- Bernama
No comments:
Post a Comment