Stock Digest - Protasco Bhd - Beefing Up Concession Arm

Moving forward, we expect the maintenance segment to anchor the overall performance, backed by multiple long term federal and state road concession agreements will provide earnings visibility till 2029. Although the maintenance segment will be kept busy with current works on hand, we think that Protasco will continue to leverage onto the allocation of RM3.50bn under Budget 2022 for the development of infrastructure projects.