PETALING JAYA: Poised to benefit from Sarawak’s RM9bil development expenditure budget and with its subsidiary having secured a new RM466.7mil contract, Cahya Mata Sarawak Bhd (CMSB) remains a “buy” for RHB Research.
The research house also raised its forecasts for the group’s earnings for financial year 2018 (FY19) to FY21 by 1%, 2% and 1%, respectively, in view of the new contract running for four years until April 2023.
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