AmResearch revises up Sarawak Cable earnings outlook

PETALING JAYA: AmResearch is revising its earnings outlook for Sarawak Cable Bhd on expectations that the company would secure a number of transmission jobs in Sarawak.

“We have tweaked our financial year 2013 to 2015 (ending Dec 31) earnings higher, as we expect Sarawak Cable to secure a number of transmission jobs in Sarawak, including the lucrative 500 kilovolt (kV) backbone power line in Sarawak (transmission package worth RM1bil) from Sarawak Energy Bhd (SEB).