MARKET UPDATES :
WCT Holdings Bhd’s pre-tax profit for the third quarter ended Sept 30, 2014 fell to RM32.37 million from RM59.89 million in the same period last year.Revenue, however, rose to RM471.11 million from RM418.51 million previously. In a filing to Bursa Malaysia, the company said operational profit from its property development, investment, civil engineering and construction segments posted lower operational profit mainly due to lower project margin.
STOCK RECOMMENDATION :
BUY SAPURA KENCANA ABOVE 3.260 TARGET 3.300 3.350 SL 3.200
WCT Holdings Bhd’s pre-tax profit for the third quarter ended Sept 30, 2014 fell to RM32.37 million from RM59.89 million in the same period last year.Revenue, however, rose to RM471.11 million from RM418.51 million previously. In a filing to Bursa Malaysia, the company said operational profit from its property development, investment, civil engineering and construction segments posted lower operational profit mainly due to lower project margin.
STOCK RECOMMENDATION :
BUY SAPURA KENCANA ABOVE 3.260 TARGET 3.300 3.350 SL 3.200
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