not vested
KKB ENGINEERING BHD
SARAWAKIAN companies could come under the limelight as they stand to benefit from the development plans with the state election happening this year.
All eyes will also be on the development of the RM27bil Pan Borneo Highway, which is slated for completion by 2023.
Steel fabricator and engineering services provider KKB Engineering Bhd is deemed one of the strong contenders for this mega project as it has an extensive track record in building bridges.
KKB’s expertise in steel fabrication puts it in an advantageous position to win jobs related to the manufacturing and installation of guardrails along certain stretches of the Pan Borneo highway.
Besides the highway, there is also a likelihood that KKB’s jobs pipeline will pick up due to the state’s focus on rural development, which will likely include water supply projects.
The firm’s tender book stood at RM337mil and is expected to grow.
Cushioning any possible downside is KKB’s cash pile of RM123mil as at Sept 30, 2015, which is close to 30% of its market cap of RM417.6mil.
Source: The Star