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Wellcall at RM1.12: Has the Market Priced In Too Much Weakness?
Wellcall is now trading at RM1.12, just above its 52-week low of RM1.085.
At this level, the stock is trading at around 14.4x P/E, while still delivering an ROE of 26.3% and a dividend yield of about 7.1%.
The market has clearly priced in the softer global demand environment, but Wellcall remains profitable, debt-free and continues to return cash to shareholders.
With the share price now sitting near the bottom of its one-year range, the question is whether most of the bad news is already reflected in the price.
Sometimes, the more interesting opportunities appear when expectations are already low.
