PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) earnings are likely to pick up towards the fourth quarter, spurred by better recognition from its LRT3 project.
Hong Leong Investment Bank (HLIB) Research, in a report yesterday, said the completion rate of its LRT3 project stood at 30%, with 40% targeted by end-2020.
“The ongoing re-measurement process (originally slated to conclude by mid-2020) coupled with slow work progress has hampered its earnings recognition so far.
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