[%OlaS%]
Research by Kenanga
Market Perform – Target Price RM0.98

“Bags RM150m Building Job in Johor”

KIMLUN has bagged a RM150m building job in Johor, boosting its YTD job wins to RM283.6m and outstanding order book to RM2.18b. We raise our FY24-25F earnings forecasts by 8% and 9%, respectively, lift our TP by 10% to RM0.98 (from RM0.89) but keep our MARKET PERFORM call.



Analyst:
Teh Kian Yeong
[%PePk%]

$KLSE-KIMLUN
Research by Kenanga
Market Perform – Target Price RM0.98

“Bags RM150m Building Job in Johor”

KIMLUN has bagged a RM150m building job in Johor, boosting its YTD job wins to RM283.6m and outstanding order book to RM2.18b. We raise our FY24-25F earnings forecasts by 8% and 9%, respectively, lift our TP by 10% to RM0.98 (from RM0.89) but keep our MARKET PERFORM call.



Analyst:
Teh Kian Yeong
tehky@kenanga.com.my

$KIMLUN / 5171 (KIMLUN CORPORATION BERHAD)