Friday, February 24, 2012

WCT - Construction back on track

WCT; Buy; RM2.69
Price Target: RM3.70; WCT MK

4Q11 was in line, driven by construction. Strong contractors will benefit from spillover contracts. Maintain Buy, SOP-derived TP of RM3.70.

Source: HwangDBS Research 24 Feb 2012

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