Kenanga upbeat on CBIP

KUALA LUMPUR: Kenanga Investment Bank Research expects CB Industrial Product Holding Bhd's (CBIP) secured contracts to boost its total outstanding orderbook above RM500mil.

CBIP secured two contracts from PT Niagamas Gemilang worth RM25.5mil to build two palm oil mills with a production of 30 to 60 tonnes per hour in Indonesia.