United U-Li riding on boom times as it sees strong pick-up in orders

PETALING JAYA: United U-Li Corp Bhd is bracing for busier times ahead, driven by potential orders from the Mass Rapid Transit 3 (MRT3), Rapid Transit System (RTS), Singapore MRT expansion and new data centres, says Kenanga Research.The group has seen a strong pick-up in orders for its key product such as cable support systems, added the research house.

Post a recent meeting with the company, Kenanga Research said: “We came away feeling upbeat on its prospects, driven largely by its cable support systems segment.” Some of the key takeaways include the group’s 81 ongoing projects secured this year, which are anticipated to bolster its short-term revenue.