Domestic contracts for 3Q stood at RM5.6bn (+337% y-o-y, +64% q-o-q). Contract wins from 1Q - 3Q ave already surpassed last year's full year amount of RM10bn. PFI based jobs and the Sarawak infra play continues to be the recurring themes witnessed. The momentum of positive news flow to continues, fulled by projects scheduled under the ETP. With the KLCON now trading at mean valuations, further upward re rating is potential.
source by OSK Investment Bank.
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