KUALA LUMPUR: Shares of WTK Holdings Bhd [] edged higher in early trade on Wednesday, June 22 after HwangDBS Vickers Research initiated coverage on the stock with a Buy call and target price of RM2.90.
At 9.10am, WTK added two sen to RM1.84 with 45,000 shares traded.
HwangDBS Vickers said Japan's post-quake reCONSTRUCTION [] should result in increased demand for plywood.
'WTK stands out as a pure timber play with biggest exposure to Japan. Set to record fastest CY10-12F earnings CAGR of 70%,' the research house said on June 22.
At 9.10am, WTK added two sen to RM1.84 with 45,000 shares traded.
HwangDBS Vickers said Japan's post-quake reCONSTRUCTION [] should result in increased demand for plywood.
'WTK stands out as a pure timber play with biggest exposure to Japan. Set to record fastest CY10-12F earnings CAGR of 70%,' the research house said on June 22.
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