TRC has plenty to look forward to in coming quarters

TheStar Wed, Apr 05, 2023 12:00am - 5 months View Original

“Currently, the group is eyeing to win a jackpot from the MRT3 project," said TA Research.

PETALING JAYA: Potential contract wins from the upcoming Mass Rapid Transit 3 (MRT3) project and the commencement of phase 2 of the Ara Sentral project are expected to be TRC Synergy Bhd’s main growth catalysts in the quarters ahead, says TA Research.

The research house said the construction, civil engineering and property development company did not secure any substantial jobs in 2022 as it was not aggressively bidding due to labour shortage and rising material costs.

“Currently, the group is eyeing to win a jackpot from the MRT3 project. TRC has bid RM3.1bil for work package CMC301, which is mainly involved in designing, constructing and completing a viaduct guideway, elevated stations, depot and other associated works from Pandan to Jalan Cheras in Kuala Lumpur,” said TA Research in a report yesterday.


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