Friday 29 Mar 2024
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KUALA LUMPUR (July 15): WZ Satu Bhd has won a RM46.8 million award for the construction and completion of road widening works at the existing Federal Route FR3 in Kuantan, Pahang.

The contract was secured by its wholly-owned subsidiary, WZS KenKeong Sdn Bhd, from Laksana Amanhina Sdn Bhd, the company said in a filing with Bursa Malaysia today.

“The project includes earthworks, pavement works and landscaping works. The project is expected to be completed within 120 weeks,” said WZ Satu.

The company added that it did not foresee any exceptional risks other than the normal operational risk associated with the project, which it will take the necessary steps to mitigate, as and when such risks occur.

“The award is expected to contribute positively to the future earnings and net assets per share of the group for the financial years ending August 31, 2016 to August 31, 2017,” it added.

WZ Satu (fundamental: 1.7, valuation: 1.1) closed down 1 sen or 0.67% at RM1.49 today, for a market capitalisation of RM374.17 million.

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

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