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Shares I Love: Worley

Worley should benefit from investment in meeting net zero carbon emission targets
Shares I Love: Worley
  • Worley provides engineering, procurement and construction services to energy-related companies
  • It is helping its customers to meet their net zero carbon emission targets

Fiona Yang, co-fund manager of Invesco Asia Trust (IAT), explains why she invests in engineering company Worley (AU:WOR).

Worley is a global company headquartered in Australia which provides engineering, procurement and construction services to the energy, chemical and resources mining industries. Its customers scaled back capital expenditure plans after the outbreak of Covid, leading to a sharp contraction in revenue and profit margins for the company. But it is during such events that I like to turn my attention to companies which are experiencing a distinct lack of love from the market for reasons that may be misguided. As a contrarian investor, the whole point of owning an unloved stock is the hope that it will one day turn into a market darling.

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