Bumper earnings likely for Wasco in coming quarters

TheStar Thu, Oct 26, 2023 12:00am - 5 months View Original


PETALING JAYA: Wasco Bhd’s latest US$33.9mil contract win in Africa by Schneider Electric will help to replenish the group’s existing record high order book of almost RM4bil as at June this year, say analysts.

According to Hong Leong Investment Bank (HLIB) Research, the gross margin for this job is estimated to be at the range of 12% to 15% over the course of 17 months.

“Thus, this should contribute positively to Wasco’s bottom line.”

Looking ahead, Wasco is expected to deliver bumper earnings in the coming quarters, said the brokerage firm in a note to clients yesterday.

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