Top Story : Fajarbaru – FY06/10 results to beat our expectation - Outperform
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- We expect Fajarbaru’s FY06/10 full-year results, due out by the end of the month, to come in at RM24-25m at the net level, beating our forecast by 7-12%.
- The stronger-than-expected performance will likely to have been driven by higher-than-expected progress billings and margins from key on-going construction projects, particularly, the Seremban-Gemas doubletracking and Tampin hospital projects, in 4QFY06/10.
RHB Equity 360° - 4 August 2010 (Fajarbaru, Ann Joo, Gent Msia, IJM Plant; Technical: TNB, L&G)
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