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Takeaways from post-results briefing

■ WCT expects 4QFY21F core net profit to stage a strong rebound qoq from the core loss in 3QFY21 on lower cost of sales and ramp-up in billings.
■ It has cut its FY21F property sales target by 52% to RM480m and guided for a one-off c.RM150m gain from the Meydan arbitration case in 4Q21F.
■ Add retained with higher TP; job wins are key catalysts for its share price.

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