KUALA LUMPUR: Public Invest Research is retaining its Outperform for Wah Seong Corporation with a target price of RM1.64.
It said on Tuesday its view on Wah Seong is for the longer-term, which has been successfully replenishing its orderbook with contracts-in-hand currently at RM1.1bil versus RM1.2bil (1QFY15) despite project completions, thus representing a replenishment of RM800mil in the various divisions.
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