George Kent’s earnings forecast raised

Record performance: HLIB says the higher margins are possibly due to the recognition of variation orders for the Ampang line LRT extension.

PETALING JAYA: Hong Leong Investment Bank (HLIB) Research has raised the earnings forecast for George Kent (M) Bhd by 18% and 27% for financial year (FY) 2018 and 2019 respectively.

This is following the engineering and rail systems specialist’s strong financial year ended Jan 31, 2017 (FY17).