Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Thursday, October 21, 2010

WCT lands two projects worth RM1.49b in Qatar and Sabah

Written by Surin Murugiah Wednesday, 20 October 2010 18:48
KUALA LUMPUR: WCT BHD [] has secured two separate contracts in Qatar and Malaysia worth a total of approximately RM1.49 billion.

In a filing to Bursa Malaysia on Wednesday, Oct 20, WCT said it had been awarded a contract by the government of Qatar to build and maintain a government administrative building in Doha for a lump sum equivalent to RM1.36 billion.

It said the works for this project were expected to be completed by April 2013.

In a separate announcement, WCT said it had accepted a contract from the Public Works Department Malaysia to design, build and maintain the Tuaran Hospital in Sabah for RM127.8 million.

It said the project was expected to be completed on May 1, 2013.

WCT said the two projects would not have any material impact on its earnings for the financial year ending Dec 31, 2010 but were expected to contribute positively to its future earnings.

Taken from here...

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