M+ Online
1st March 2023

Stock Digest - Suria Capital Holdings Bhd - Above Expectations

We note that the construction of new jetty at Sapangar Bay Oil Terminal was completed and its timely to cater for the higher demand for liquid bulk cargo. The move has improved efficiency as it will now accommodate 2 additional berths designed with capacity of 60,000 deadweight tonnage (DWT) to handle 2 vessels at the same time. Elsewhere, the expansion of the Sapangar Bay Container Port (SBCP) is on track and is expected to be completed in 1Q25.

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