HSS’s briefing left us with greater optimism about its contract outlook. Tender outlook has improved with diversification into the telco and data center infra while we see strong potential to secure MRT 3 EPMC jobs. Reiterate Add rating with lower TP; resurgence of contract wins is a catalyst.

Equity Analysis /
MalaysiaMY : HSS Engineers - Set for a rebound in earnings and job wins
Sharizan Rosely
Construction and Infrastructure @ CGS-CIMB
21 November 2021

21 November 2021
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