The work scope involves complete fabrication and assembly of pipe rack, process, structural modules and test units, testing, pre-commissioning, turnover and load out services for the modules. The project is expected to be completed within 18 months.
KUALA LUMPUR: Wah Seong Corp Bhd’s RM148mil United Kingdom job win reflects the recovery in the tendering space.
Maybank Investment Bank Research, which is positive on the development, said the stock’s valuations are still undemanding at six to seven times FY22-23 price-earning ratio.
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