Pekat banks on RM31mil TNB contract win

Phillip Capital Research said it estimated the net profit margin for this project to be at 15%.

PETALING JAYA: Analysts are bullish on Pekat Group Bhd for its latest contract win from Tenaga Nasional Bhd (TNB) to undertake switchgear equipment maintenance and repair works.

In a filing with Bursa Malaysia on Monday, the group announced that its indirect 60%-owned subsidiary, EPE Switchgear (M) Sdn Bhd, had secured a RM31.32mil switchgear maintenance and repair job from TNB.