TRC Synergy expected to gain from MRT3

TheStar Wed, Jul 06, 2022 09:50am - 1 year View Original


According to HLIB Research, TRC Synergy is a strong contender for the MRT3 project as it has a bumiputra contractor status with a G7 licence by the Construction Industry Development Board.

PETALING JAYA: TRC Synergy Bhd’s earnings could pick up strongly from financial year 2024 (FY24) onwards on potential contract wins from the upcoming Mass Rapid Transit 3 (MRT3) project.

While earnings could still be uninspiring in FY22 and FY23, Hong Leong Investment Bank Research (HLIB Research) said this could grow by some 30% in FY24.

“We have factored in construction contract wins of RM800mil in FY22 as well as RM500mil in both FY23 and FY24. However, billings recognition will only pick up meaningfully starting from 2024.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

TRC 0.480

Comments

Login to comment.