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NewsRHB Research maintains TRC Synergy FV at 85c, Outperform
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RHB Research maintains TRC Synergy FV at 85c, Outperform
by hlk Wed 13 Jun 2012, 09:26
KUALA LUMPUR: RHB Research Institute is maintaining its Outperform recommendation on TRC Synergy with a fair value of 85 sen.
It said on Wednesday that TRC Synergy was awarded by Bintulu Port Holdings an interim port facility package worth RM194mil of the proposed Samalaju Port project in Bintulu, Sarawak.
RHB
Research said this was the third key contract it has secured this year,
boosting its year-to-date new jobs secured to RM689mil and outstanding
construction orderbook by 11% from RM1.8bil to RM2bil.
“Assuming
an EBIT margin of 6%-8%, the contract will fetch RM11.6mil to RM15.5mil
EBIT over the 12-month contract period. Forecasts are maintained as we
have already assumed TRC to secure RM800mil worth of new jobs in
FY12/12,” it said.
It said on Wednesday that TRC Synergy was awarded by Bintulu Port Holdings an interim port facility package worth RM194mil of the proposed Samalaju Port project in Bintulu, Sarawak.
RHB
Research said this was the third key contract it has secured this year,
boosting its year-to-date new jobs secured to RM689mil and outstanding
construction orderbook by 11% from RM1.8bil to RM2bil.
“Assuming
an EBIT margin of 6%-8%, the contract will fetch RM11.6mil to RM15.5mil
EBIT over the 12-month contract period. Forecasts are maintained as we
have already assumed TRC to secure RM800mil worth of new jobs in
FY12/12,” it said.
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