not vested
The group recently secured its largest contract ytd worth RM1.2b from Prasarana Bhd to construct the Light Rail Transit 3 (LRT3).
In the following months, the group is eyeing further contract wins worth >RM300m.
With the recent win, its construction orderbook has ballooned to RM2.6b (representing an orderbook cover of 12x to its 2016 construction revenue).
A potential amicable settlement of the variation orders for MRT1 worth >RM100m could increase the likelihood of a bumper dividend.
Share Price Catalyst
Further contract wins of >RM300m by the year end.
Announcement of final settlement amount for MRT Line 1 with a potential of special
dividend.
Source: UOBKH