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PETALING JAYA: Pestech International Bhd, which has secured a RM64.95mil contract for works relating to the traction power supply of the Malaysia-Singapore Rapid Transit System (RTS) link assets, appears poised to benefit from the revival of mega rail electrification projects in the country and the fast-growing Indochina market.
KUALA LUMPUR: Pestech International Bhd received a boost to its order book and proved its technical capability after securing the cross-border rail electrification project for the 4km rapid transit system link between Malaysia and Singapore.
PETALING JAYA: The outlook for the utility sector is bound to improve this year with the expected increase in energy demand due to a gradual pick-up in economic activity.
KUALA LUMPUR: Kenanga Investment Bank Research is maintaining an Outperform for Pestech International with a target price of RM1.75.
KUALA LUMPUR: Shares in Pestech International Bhd were boosted in early trade Monday after announcing contracts worth RM70.5mil.
KUALA LUMPUR: Pestech International Bhd could benefit from the revivial of domestic mega projects and the fast-growing energry infrastructure development market in Cambodia, says Kenanga research.