Highway project catalyst for Gabungan AQRS

UOB Kay Hian Research believes the winning of sizeable infrastructure projects, such as the Pan Borneo Sabah Highway contracts, could further re-rate Gabungan AQRS’ earnings. — Bernama

PETALING JAYA: A catalyst for Gabungan AQRS Bhd will be the rollout of the remaining phase of the Pan Borneo Highway Sabah, which is expected to benefit its 49%-owned precast business Sedco Precast.

Contracts to supply precast components to the project are valued at about RM400mil-RM500mil.