Kenanga research said it continues to like Pestech as a niche utility infrastructure play that could potentially benefit from the revival of mega projects domestically and the fast-growing energy infrastructure development market in Indochina.
KUALA LUMPUR: Pestech International Bhd
is expected to record better results in the financial year ending June 30, 2022 (FY22) compared with FY21.
This is given that the group’s key projects in Cambodia and the Klang Valley Mass Rapid Transit Line 2 (MRT 2) are advancing to later stages, which could translate into overall higher margins, according to Kenanga Research.
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