As I will be too busy today, it is not possible to trade. So, I will be selling some, take profits or small losses. No buyings tonight, not even a ding-dong trades which I have been doing for past 2 weeks.

Reducing the exposure could reduce our risks. If market really go down 20 points later, my lower queues for WCT-wc might be done. Otherwise, I will let it go.

9.55 am : KLCI down 5 points. I have to run again.

WCT-wb : Grabbed her instead of WCT-wc at 0.665 market price now.

11.50 pm : KLCI still down 5.7 points. Just done 4 hours of classes.

WCT-wb : More done at 0.655. Wait and see ...

AmResearch maintains Buy on WCT

Written by theedgemalaysia.com
Friday, 29 July 2011 09:48

KUALA LUMPUR: AmResearch has maintained its Buy call on WCT BHD with an unchanged fair value of RM3.85 after the company's wholly-owned subsidiary WCT CONSTRUCTION Sdn Bhd secured an earthwork contract with Vale Malaysia Manufacturing Sdn Bhd.

In a note Friday, July 29, AmResearch said that this was the first major contract that WCT has secured this year.

The award is for Phase 1A (Stage 1) of Vale's iron ore distribution centre and pelletisation plant project in Teluk Rubiah, Perak.

The total contract value is estimated at RM115mil ' and is to be completed in April 2013. Scope of works includes earthwork, drainage, roads & pavement, slope protection works as well as temporary sedimentation ponds at Vale's.

'We have maintained our earnings forecast for FY11F ' as this new job forms part of our new orderbook assumptions of RM2 billion.

'Most importantly, we believe WCT's early success would provide the impetus for the group to be in a competitive position to secure more jobs for Vale's massive project,' it said.



Haha ... this one is funny. Haha.


TEH