PETALING JAYA: Construction firm WCT Holdings Bhd’s earnings have been slashed by over 4% as one of its main project sites has been hit by Covid-19.
Hong Leong Investment Bank (HLIB) told clients it was cutting its earnings estimates for WCT’s FY2020-FY2022 earnings by 4.4%, 1.5% and 1.2% as it “adjusts downwards construction progress and margins as well as adjust for impact of the conditional control movement order on the group’s hospitality assets.”
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