$ANNJOO / 6556 (ANN JOO RESOURCES BERHAD)
Research by TA
Buy – TP of MYR 1.64

“Venturing Into New Space”

ANNJOO and its consortium partner, PT Lumintu Insan Mandiri (PT LUMINTU), have secured a contract worth RM297.9mn on 14 June 2024 from Tenaga Switchgear Sdn Bhd, a subsidiary of Tenaga Berhad (TENAGA). This contract involves the design and build for the electrification of the East Coast Rail Link (ECRL) feeder stations, including a 132kV switching station, overhead transmission lines, underground cable installation, and associated works

Analyst(s):
Raymond Ng Ing Yeow
raymondng@ta.com.my