PETALING JAYA: Wah Seong
Corp Bhd (WSC) is an attractive oil and gas (O&G) play, due to its strong earnings growth prospects and undemanding valuations, according to Maybank Investment Bank (IB) Research.
The research house noted that there is also scope for a special dividend payment – should the group monetise its non-core assets – and a normalised yet minimal dividend as earnings and fundamentals improve.
Maybank IB Research, which reiterated its “buy” call on the counter, said WSC’s two key targets this year were to strengthen its order backlog and its balance sheet.
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