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1st December 2022

Stock Digest - Suria Capital Holdings Bhd - Smooth Sailing

SURIA stands as of the biggest beneficiaries under the previous tabling of Budget 2023. Recall that the Federal Government has allocated RM250.0m to fund the expansion of the Sapangar Bay Container Port (SBCP). Upon completion tentatively in February 2025, the aforementioned port will be able to handle 1,250,000 twentyfoot equivalent units, from 500,000 at present. Meanwhile, the construction of a new jetty at Sapangar Bay Oil Terminal is on track for completion in 4Q22.

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