PublicInvest Research
Technical Buy - SYCAL (9717)
PublicInvest
Publish date: Mon, 17 Aug 2020, 12:17 PM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
Description
SYCAL is an established player in the construction industry as a project contractor as well as property developer.
Fundamentals
SYCAL will be focusing on cautious working capital management in planning its construction and development activities and with the implementation of the renounceable rights issue of irredeemable convertible preference shares, the management expects the group's activities will pick up towards the end of 2020.
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