Contract win set to spur Gadang earnings

TA Research in a report yesterday said it is raising Gadang’s earnings forecasts for FY23 and FY24 by 2.8% and 4.4%, respectively.(File pic: Gadang construction)

KUALA LUMPUR: Gadang Holdings Bhd’s RM680mil contract win is set to boost the construction engineering firm’s outstanding order book and spur earnings for the current financial year ending May 31, 2023 (FY23).

TA Research in a report yesterday said it is raising Gadang’s earnings forecasts for FY23 and FY24 by 2.8% and 4.4%, respectively.