$CARIMIN / 5257 (CARIMIN PETROLEUM BERHAD) recently won 2 Pan Malaysia tender, Package B5 and B9. Assuming that these packages are similar o those won by $DAYANG / 5141 (DAYANG ENTERPRISE HOLDINGS BERHAD), then the details of these contracts can be extracted by the many professional coverage from its peers, which are:
- Duration of 5 years plus 3 and 2 years extension options
- No contract value as it is based on call-out work order
- Estimate of RM1b each package for its firm period hence RM2b in total
- Intense competition for the bidding process, winning it is a testament of track record
- Projected margin of around 20%
- Potential of RM400m profit up for grabs in the next 5 years.
Will be attending its AGM next week to confirm these details. Anyone else going? hehe
@weiwenn928 @zhexiangxd @terence775 @LittleShare @boncos @ubaidahlifestylez @LaoLang