Higher export demand lifts Wellcall’s outlook

PETALING JAYA: The outlook for Wellcall Holdings Bhd clearly points to higher demand from its export clients, backed by higher production volume through better labour availability.

In a note to clients, this was the message from CGS-CIMB Research, which said it is turning more positive on the industrial rubber hose manufacturer and has upgraded the stock to an “add” call with a higher target price of RM1.46.