KUALA LUMPUR (June 1): WZ Satu Bhd’s wholly-owned unit, WZS KenKeong Sdn Bhd, has won a subcontract worth RM58.22 million for works related to the expansion of Kuantan Port.

According to its filing with the exchange, the subcontract entails the construction of a bridge to Kuantan Port, with the scope of works including earthworks, infrastructure works, street lighting services, relocation of utilities services and landscaping works.

WZ Satu (fundamental: 1.7; valuation: 1.1) said the construction period for the project is 120 weeks.

“The award is expected to contribute positively to the future earnings and net assets per share of the group for the financial years ending from Aug 31, 2015, to Aug 31, 2017,” said the group.

WZ Satu closed down 5 sen or 3% at RM1.62 today, bringing its market capitalisation to RM422.21 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)