Broker Name: Maybank Investment Bank Berhad
Date of Report: December 4, 2025
Excerpt from Maybank Investment Bank Berhad report.

Report Summary

• Wasco (WSC MK) secured a major USD150-200m contract win from Technip Energies, part of the world’s largest low-carbon ammonia project, boosting its YTD job wins to MYR2.8b and orderbook to MYR3.3b.
• The broker maintains a BUY rating on Wasco, raising the target price to MYR1.10, citing decent valuation, strong orderbook, and an attractive forecasted dividend yield of over 6%, with potential to turn net cash by FY27.

Above is an excerpt from a report by Maybank Investment Bank Berhad. Clients of Maybank Investment Bank Berhad can be the first to access the full report from the Maybank Investment Bank Berhad website : https://www.maybank.com/investment-banking