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Bumpy ride to smoothen out for Wong Fong

Broker's Calls

Bumpy ride to smoothen out for Wong Fong

Benjamin Cher Published on Wed, Oct 12, 2016 / 11:40 AM GMT+8

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SINGAPORE (Oct 12): Investors of land transport engineering specialist Wong Fong Industries (WFI) should hang on to their seats for some bumpy ride ahead before the road smoothens out, says CIMB in an unrated note on Tuesday.

The land transport engineering specialist has seen a drop in revenue and earnings after its IPO, with 1H16 revenue falling 30.6% and earnings tumbling 74.8%.

(See also: Wong Fong Industries launches IPO)

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