PublicInvest Research

Technical Buy - BDB (6173)

PublicInvest
Publish date: Mon, 06 Mar 2023, 10:02 AM
PublicInvest
0 10,687
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

Description

BDB is the Kedah State Government’s investment holding company with a 26- year track record in its core businesses of engineering, construction and quarry (ECQ) and property development while maintaining its investment interests in the state’s tourism sector.

Fundamentals

BDB was awarded the Irrigation System Development Project under the Ministry of Agricultural and Food Security for a total of RM34m. This project is expected to have a positive impact on the group's earnings for the FY23 and FY24.

Source: PublicInvest Research - 6 Mar 2023

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