KUALA LUMPUR: AmInvestment Research has increased the earnings forecast for Econpile and target price by one sen to 18 sen after it secured a US$85.7mil (RM347.6mil) contract in Cambodia.
Econpile bagged a piling and substructure work subcontract for the integrated entertainment complex in Phnom Penh from MCC International Incorporation Ltd. The construction period is 30 months.
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