Stock Digest - Econpile Holdings Bhd - Rebuilding The Orderbook

Together with the aforementioned contract, ECONBHD’s orderbook replenishment year-to-date stands at RM83.5m. This makes up to 33.4% of our expectations of RM250.0m for FY23f. We reckon that future jobs will accelerate moving into subsequent months as property launches over the past 2 years that were held off will take place in this and next year.