Stock Digest - Econpile Holdings Bhd - Another One In Bag

We gather that the aforementioned contract is the third major construction contract secured by Econpile for FY22f. Current orderbook replenishment now stands at RM155.4m, makes up to 77.7% of our expectations of RM200.0m for FY22f. Although the figure is still not within reach with only approximately 2 months left before the end of FY22f, we believe the jobs acceleration will materialise moving into 2H22 in line with the economic recovery.