$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by CGS
Add - TP RM1.52

"Encouraging 2Q24 results; needs more construction wins"

■ 2Q24 results met expectations on strong presales and property earnings.
■ Encouraging YTD construction wins but needs to do more to strengthen orderbook, in our view. Reiterate Add and SOP-derived TP RM1.52.

Analyst:
CHONG Tjen-San, CFA
E tjen-san.chong@cgsi.com