Thursday, February 23, 2012

WASEONG - Result in line

Wah Seong Corp; Buy; RM2.00
Price Target: RM2.50; WSC MK

4Q11 earnings within expectations. Earnings visibility supported by RM1.2bn outstanding order book. 2nd
interim DPS of 3 sen declared. Maintain Buy and RM2.50 TP.

Source: HwangDBS Research 23 Feb 2012

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