WCT buoyed by latest contract success

TA Research estimated that the latest contract win would contribute a net profit of RM8.1mil throughout the construction period.

PETALING JAYA: Interest in WCT Holdings Bhd’s shares grew after the construction and property development group secured its latest contract worth RM214mil.

The company’s shares rose five sen, or 4.5%, to close at RM1.16 yesterday, off an intra-day high of RM1.22. The increase in WCT’s share price also came in tandem with several brokerages raising their target prices for the counter following the announcement of the latest contract win.