KUALA LUMPUR (April 30): Shares in WZ Satu Bhd were up by as much as 14% this morning to 28.5 sen after it clinched a RM101.84 million subcontract job for the construction of bridges at Section 4 from Renggam to Kulai, for the electrified double-track project from Gemas to Johor Bahru.

At 9:39am, the counter pared gains to trade 10% or 2.5 sen higher at RM27.5 sen, with 7.64 million shares changing hands. The group's market capitalisation stood at RM116.29 million.

The stock's 52-week high was 45 sen on May 2, while its 52-week low was 17.5 sen on Dec 11, 2018. WZ Satu's one-year average was 30.2 sen.

In terms of analyst coverage, according to Bloomberg, only one analyst covers the stock, placing a sell call with a 12-month forward target price of 14 sen.

The group announced yesterday that its wholly-owned subsidiary WZS BinaRaya Sdn Bhd accepted the contract from SIPP-YTL joint venture, and that the contract period started yesterday, to be completed on or before Jan 21, 2020.

The scope of works covers substructures to superstructures, which is inclusive of casting piers, crosshead, precast beams, deck slab laying and associated works.