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KUALA LUMPUR (Nov 13): Hong Leong Investment Bank Research (HLIB) has upgraded Rohas Tecnic Bhd to “Buy” at 70 sen with a higher target price (TP) of 79 sen (from 57 sen) and said Rohas recently secured fabrication contracts for 130 towers (RM19.5 million) for Phase 1 of the Sarawak telco towers with rollout for phase 2 to come.
In a note today, HLIB said it expects core earnings to improve sequentially underpinned by completion of its loss-making HG Power Transmission Sdn Bhd legacy contracts a
