Kimlun to ride wave of infrastructure projects

PETALING JAYA: Kimlun Corp Bhd has been securing new contracts, after recently announcing its third construction project win since March this year.

In a note, Hong Leong Investment Bank Research (HLIB Research) said the recent RM234mil win from Saujana Development Sdn Bhd, coupled with the RM150mil contract from Singapore-listed Astaka Holdings Ltd and RM143mil from Melia Spring Sdn Bhd, has set the trajectory for the group this year.