Analyst cuts target for Wasco stock from MYR 1.03 to MYR 0.67

Published on 10/19/2026 at 00:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached MYR 487.46 million on August 27, 2026. Wasco stock was last at MYR 0.70 on Bursa Malaysia on October 16, 2026.

Target cut and earnings pressure

An analyst cut the target from MYR 1.03 to MYR 0.67 on October 1, 2026.
Second-quarter revenue reached MYR 487.46 million, versus MYR 451.24 million in the prior quarter.
Wasco Berhad had a market capitalization of MYR 542.0 million and a 52-week range of MYR 0.68 to MYR 1.17.

Wasco, MYL5142OO004, Illustration mit AI erstellt.

Wasco (ISIN MYL5142OO004) reported second-quarter revenue of MYR 487.46 million on August 27, 2026, up from MYR 451.24 million in the prior quarter, according to Investing.com. The latest analyst action points to a more cautious reading of the recovery.

Target falls as execution slows

On October 1, 2026, eNanyang reported that an analyst cut Wasco's target from MYR 1.03 to MYR 0.67 and kept a neutral rating. The report linked the revision to delayed Middle East project execution and weaker expected margins in engineering and manufacturing work.

Three dated signals for Wasco

The earnings release on August 27, 2026 showed quarterly revenue of MYR 487.46 million and net income of MYR 31.44 million, compared with MYR 451.24 million and MYR 11.10 million in the prior quarter, respectively, according to Investing.com. On September 14, 2026, Wasco's MYR 0.03 per-share dividend was listed with an October 6, 2026 payment date by Simply Wall Street. The October 1 target cut was the latest of the three events.

What does the target cut mean?

The order book still offers a measurable cushion: Wasco's engineering backlog stood at MYR 1.847 billion, or 75 percent of total orders, in the second quarter of fiscal year 2026, according to eNanyang. The counterpoint is mix. Pipeline-coating orders were MYR 409.00 million, or 16 percent of total orders, while the report said engineering contracts carry thinner margins.

Wasco stock valuation context

Wasco was last quoted at MYR 0.70 on Bursa Malaysia on October 16, 2026 at 4:51 p.m. MYT. The finance snapshot put market capitalization at MYR 542.0 million and the 52-week range at MYR 0.68 to MYR 1.17 for that quotation date. For investors, the target cut and the size of the engineering backlog frame the central question: whether delayed projects convert into revenue without permanently lowering profitability.