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WCT shares jump on new contract deals.
Byline: Ooi Tee Ching
SHARES of WCT Bhd, a construction and property group, had their biggest jump in almost a month yesterday, after its big contract deals prompted analysts' upgrade.
The stock rose 3 per cent, or 9 sen, to close at RM3.20 yesterday. It was its biggest rise since a 3.3 per cent gain on September 27.
Analysts have raised their calls and target price after it won two jobs; one in Qatar, the other in Sabah.
OSK Research said WCT's stock is worth a buy and estimates the share price to rise as high as RM3.66. Previously, the research house had a RM2.89 target price on WCT.
In Qatar, WCT won a RM1.36 billion contract to build …
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