RHB Research cuts TRC Synergy fair value to 52 sen


KUALA LUMPUR: RHB Research Institute is reducing TRC Synergy Bhd's financial year 2013 (FY13) ending Dec 31 earnings forecast by 21% to 52 sen from 65 sen.

It said on Monday the lower earnings were to reflect lower progress and margins from the LRT line extension project on the back of temporary work restrictions following a mishap last month.

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