Wellcall on track for higher growth

PETALING JAYA: Wellcall Holdings Bhd offers exciting prospects for investors over the next few years due to its continuing global outsourcing trend, strong earnings growth outlook and high dividend yields. 

CIMB Securities, which initiated coverage on Wellcall with an “outperform” call, has projected over 30% net earnings growth per annum over the next two years for the industrial rubber hose exporter. “The main earnings catalyst is the new plant which will boost the group’s production capacity by 80% this month,” it said.