$KIMLUN / 5171 (KIMLUN CORPORATION BERHAD)
Research by Kenanga
Market Perform – TP RM1.47

“Bags RM234m Building Job in Shah Alam"

KIMLUN has secured a private building job worth RM234.3m in Shah Alam, Selangor, boosting its YTD job wins to RM660.9m and outstanding order book to RM2.64b. It is poised to benefit from a new wave of public infrastructure projects. We maintain our forecasts, TP of RM1.47 and MARKET PERFORM call.

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