Stock Digest - Econpile Holdings Bhd - Strengthening Presence In Cambodia

Orderbook update. With the incorporation of the newly secured contract, orderbook replenishment for financial year-to-date (YTD) now stands at RM266.7m, which slightly exceeded our expectations of RM200.0m for FY23f. We note that YTD wins already surpassed FY22 wins at c. RM155.6m. The successful completion of the previous Cambodia project will be a testament for ECONBHD to cement their position in Cambodia over the long run.