Stock Digest - Econpile Holdings Bhd - Narrowing Losses

ECONBHD has secured some RM108.0m worth of contracts year-to-date. This makes up to 43.2% of our orderbook replenishment target of RM250.0m for FY23f. Future job wins may continue to skew towards the piling and foundation works for property sector, given that the newly elected government will take some time to settle in before the focus shifting towards mega-infrastructure related projects.