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MIDF maintains neutral call on WCT's stock.
KUALA LUMPUR: MIDF Research has maintained "neutral" call on WCT Bhd, despite the property developer receiving approval from the Vietnamese government to undertake a residential and commercial development in the capital city.
Two days ago, WCT told the stock exchange that its unit WCT (S) Pte Ltd was awarded an Investment Certificate to develop a 4.6ha plot at Saigon South in Ho Chi Minh City.
The 70:30 joint venture between WCT and the Vietnamese government's Southern Land Corp will see WCT setting aside an initial charter capital of US$25.2 million (RM79.88 million). …
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