$WCT (9679.MY)$ Kuala Lumpur, 26th news) All businesses are ...

丰衣足食 commented on a stock · Nov 27, 2024 19:20

Kuala Lumpur, 26th news) All businesses are stable and growing, drivingWCT Holdings(WCT, 9679, main board construction group) As of September 30 this year, the third quarter has turned from a loss to a profit, netting 0.1 billion73.22 million2000 ringgit.
In the first 9 months of this year, it also reversed the previous loss of 8.22 million7000 ringgit, netting 0.2 billion20.63 million4000 ringgit.
However, the third quarter revenue dropped by 11.9% year-on-year to 0.4 billion37.45 million8000 ringgit, the first 9 months had 1.2 billion81.17 million4000 ringgit, a year-on decrease of 3.36%.
WCT Holdings stated in a press release today that the engineering and construction business remain the biggest driver of revenue growth, contributing 52%; property development contributes 32%, while property investment and management contribute 16%.

As for the performance in the first 9 months of this year, the 3 main businesses have shown steady growth, coupled with the revaluation of joint ventures contributing approximately 0.184 billion ringgit to net profit.

- WCT (9769), current stock price is 89 sen

$WCT (9679.MY)$ Kuala Lumpur, 26th news) All businesses are stable and growing, driving[Share Link: WCT Holdings](WCT, 9679, main board construction group) As o...

The net profit EPS for the past three quarters is 15 cents.
WCT's estimated EPS for the full year of 2024 is 20 cents. Currently, it is only trading at a P/E ratio of 4.5 times, which is very undervalued. A reasonable P/E ratio would be 7 times, with a stock price of RM1.4.

Private placement at -97 sen, expected to exceed 1 ringgit, with a consensus target price of 1.18.