Posted by InvestWin > 2017-04-18 17:22 | Report Abuse

This is EPCIC, meaning that Engineering & Procurement will take a year to 2Q2018. This is reason for 1st steel cut in 3Q2018. I guess there'll be progress billings in 2017 & 1H2018 for engineering, procurement & prelim site work done. The next annual report will start to look different with this RM1000 millions contract.

Posted by InvestWin > 2017-04-18 18:01 | Report Abuse

With this win, this counter is potential gem again. It also has big pieces of land near Johor Port & Teluk Ramunia fronting the seas. These land were last valued prior to IPO; and definately fetch higher value now with the booming southern Johor land prices in last 5 years.