Wah Seong set to boost orders, balance sheet


KUALA LUMPUR: Wah Seong Corporation’s two key targets this year is to strengthen its order backlog and balance sheet, Maybank Investment Bank Research says.

The research house said on Monday the company can realistically double its backlog to RM2bil, on the back of strong engineering and pipe-coating tenders pipeline and comfortably de-gear via disposal and monetisation of its non-core assets.

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