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RHB Research is maintaining its Buy call on Pestech International with a slightly higher fair valuation of RM2.82, from RM2.80, following the company’s success in securing a US$29.3mil contract to build a double transmission line in Laos.
PETALING JAYA: Pestech International Bhd’s unit Pestech Sdn Bhd has won an RM85mil contract from Sarawak Energy Bhd (SEB) for the design, engineering, procurement, construction, testing and commissioning of SEB’s Mambong and Entinggan 275 kV substation extension project in Kuching, Sarawak.
KUALA LUMPUR: Pestech International Bhd's unit has secured a RM57.95mil contract from Sarawak Energy Bhd's subsidary to build a substation in Bintulu.