PETALING JAYA: GDB Holdings Bhd, which posted a 54% year-on-year jump in net profit for the first quarter (Q1), may see earnings visibility over the next few years due to its strong order book.
The construction group is also looking at securing RM500mil worth of new jobs this year to propel its growth further.
Currently, GDB has an outstanding order book of RM1.9bil as of end-March 2021, translating into a strong cover ratio of 5.2 times over the financial year 2020 (FY20) revenue, said TA Securities, which is maintaining a “buy” call on the stock.
“This could provide earnings visibility to the group for the next three years.
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