Econpile climbs to near three-year high as analysts expect more contract wins
On Thursday, Econpile announced that it had been awarded earthworks contract worth RM83 million from BRDB Developments Sdn Bhd.
On Thursday, Econpile announced that it had been awarded earthworks contract worth RM83 million from BRDB Developments Sdn Bhd.
The sub-contract works are for the proposed development of 146 units of villa residences, including common facilities and club house in Taman Duta, Bukit Tunku, Kuala Lumpur.
In a filing with Bursa Malaysia on Wednesday, the construction company said the contract, awarded by Chingsan Development Sdn Bhd, is expected to contribute positively to its revenue and earnings from the financial year ending June 30, 2024 onwards.
Quarterly revenue edged up by 6.
The arbitration shall be conducted and administered by the Asian International Arbitration Centre (AIAC) with the seat of arbitration in Kuala Lumpur, Econpile said.
Looking ahead, the new offerings at Sunway Resort Hotel are expected to widen the REIT’s customer base and increase its market share.
On a quarterly basis, the group’s NPI came in 6.
The REIT, whose portfolio includes the Mid Valley Megamall and The Gardens Mall, posted a 6.
“The project is expected to contribute positively to the revenue and earnings of the company from the financial year ending June 30, 2024 onwards.
For the first half ended June 30, Sunway REIT’s NPI advanced 12.