Positive views on Ann Joo’s expansion into infrastructure

PETALING JAYA: Ann Joo Resources Bhd’s recent contract win for the design and construction of electrification works for the East Coast Rail Link (ECRL) feeder stations is seen as a positive step, as it marks Ann Joo’s entry into the utility-infrastructure sector.

TA Research, which views the job win positively, said this move marks Ann Joo’s first step into vertical expansion, which would complement its existing core operations.