Wasco set for higher earnings on better margins

PETALING JAYA: Wasco Bhd’s earnings in the fourth quarter of 2023 (4Q23) could surprise on the upside on the back of better-than-expected margins with more pipe-coating works having been carried out.

CGS-CIMB Research said the energy infrastructure group also has a healthy tender book of RM7bil to underpin sustained growth, with awards for several key projects in Malaysia, Qatar and the United Kingdom expected towards the second half of 2024 (2H24).