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.
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