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Most companies were built from the ground up. Main Market-bound Econpile Holdings Bhd makes a mint doing the same thing in reverse.
KUALA LUMPUR: AmInvestment Research maintained its Underweight call and forecasts for piling contractor Econpile but cut its fair value by 19% to 22 sen from 27 sen due to the weak propsects for property-related jobs.
ECONPILE Holdings Bhd is on the cusp of exciting times ahead. In slightly more than three months, the piling and foundation contractor has bagged close to RM400mil in contracts and more is in store as it has a tenderbook of more than RM1bil.
Analysts expect more jobs to flow into Econpile Holdings Bhd, given its current tender book of RM1bil. AmResearch said Econpile’s prospects remained bright as demand for piling has stayed resilient in view of upcoming property jobs as well as infrastructure works.
PETALING JAYA: AmInvestment Research has maintained its hold call on Econpile Holdings Bhd as well as its forecasts and fair value of 86 sen based on a 14 times calender year 2018 estimated earnings per share of 6.15 sen.
THE then increasing expectation on Econpile Holdings Bhd appears to have lasted for as long as the property market held up.
PETALING JAYA: Econpile Holdings Bhd has been awarded a RM64.5mil contract for earthworks, piling and structural works for the basement and elevated car park of a service apartment development project in Kuala Lumpur.
KUALA LUMPUR: Piling and foundation specialist, Econpile Holdings Bhd, en route to a listing on the Main Market of Bursa Malaysia, plans to use 30% of the proceeds to purchase machinery and equipment to expand its market share.
PILING and foundation contractor Econpile Holdings Bhd’s share price certainly has had a good run since it went public close to a year ago.
KUALA LUMPUR: Shares of Econpile Holdings Bhd shed more than 3% in early trade Monday despite news on potential revival of several key infrastructure projects.