Pekat Group on solid footing for this year

UOBKH Research expects another large TNB tender of about RM300mil by June, for gas insulated switchgear.

PETALING JAYA: Electrical engineering and solar power company Pekat Group Bhd is expected to deliver record earnings this year, backed by a strong order book and full-year consolidation of 60%-owned EPE Switchgear (M) Sdn Bhd, analysts say.

UOB Kay Hian (UOBKH) Research said this would pave the way for the group to engage in active capital management and a possible transfer to a Main Board listing by the end of this year.