Wasco stock reports weaker first half results

Wasco stock was quoted at a closing price of MYR 0.7950 on Bursa Malaysia on September 17, 2026, while the company reported six-month 2026 sales of MYR 938.7 million, down from MYR 1.413 billion a year earlier. The figures put execution, rather than valuation alone, at the center of the investment case.

Sales fall in 1H26

According to MarketScreener, sales for the six months ended June 30, 2026, reached MYR 938.7 million, compared with MYR 1.413 billion in the same period of 2025. That represents a decline of 33.6 percent, calculated from the two reported sales figures.

The earnings comparison was also weaker. Net income fell to MYR 42.54 million from MYR 69.38 million, while basic earnings per share from continuing operations decreased to MYR 0.0549 from MYR 0.0896, according to the same six-month results report.

Target price drops to RM1.15

The broker view adds a second measurable pressure point. The Edge Malaysia reported on August 28, 2026, that RHB Research lowered its Wasco target price from RM1.37 to RM1.15 and kept a Buy recommendation.

The revised target is RM0.355 below the previous target, a reduction of 16.0 percent. RHB linked the downgrade to weaker near-term execution, slower order-book replenishment and delayed investment decisions, while the report put the order book at RM2.5 billion at the end of the first half.

Closing price stays below target

Wasco's closing price of MYR 0.7950 on Bursa Malaysia on September 17, 2026, stood MYR 0.3550 below the revised RM1.15 target. The comparison leaves operating delivery and the timing of deferred projects as the clearest measurable factors for the next reported period.