During the quarter in review, the construction and property development company saw its revenue grow 14.1% to RM539.79mil from RM472.88mil in the previous corresponding period, while its earnings per share increased to 2.71 sen from 2.62 sen previously.
PETALING JAYA: CIMB Equities Research is retaining its “hold” call for WCT Holdings Bhd
with a lower target price of 84 sen compared with RM1.26 previously as it sees the outlook as likely subdued.
The research house said it cut the target price by 33% to 84 sen as it applied a higher realised net asset value (RNAV) discount of 60% (50% previously) and trim the estimated surplus values of selected land bank.
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