[%EjhR%] 
Research by Kenanga
OUTPERFORM – TP RM1.69

" Secures RM128m Job in Johor Bahru”

KIMLUN has won a RM128.1m contract to build a residential development project in Johor Bahru, Johor. This brings its YTD contract wins to RM789.0m and outstanding order book to RM3.28b. It is poised to benefit from a new wave of public infrastructure projects. We maintain our forecasts, TP of RM1.69 and OUTPERFORM rating.

Analyst:  
Teh Kian Yeong
[%KhnQ%]

$KLSE-KIMLUN 
Research by Kenanga
OUTPERFORM – TP RM1.69

" Secures RM128m Job in Johor Bahru”

KIMLUN has won a RM128.1m contract to build a residential development project in Johor Bahru, Johor. This brings its YTD contract wins to RM789.0m and outstanding order book to RM3.28b. It is poised to benefit from a new wave of public infrastructure projects. We maintain our forecasts, TP of RM1.69 and OUTPERFORM rating.

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

$KIMLUN / 5171 (KIMLUN CORPORATION BERHAD)