I think it won't get as FIHB's construction division is more to residential and commercial properties. Unless they get a project to build an apartment / house for HSR workers to stay
Its construction division has ongoing projects with a combined contract sum of RM379 million and the management is expecting to secure further related party contracts this year
Banks and developers are putting their money into constructing new homes as they have faith on the market outlook. So, FIHB will obtain more housing projects in the second half of this year I believe
Could be because they also ventured into RE and got business collaboration with Sunview in the renewable energy projects development in Malaysia a few years ago
FIHB's construction business will continue to be the key growth driver, and with the two new projects secured in the current quarter, the construction division now has ongoing projects with a combined contract sum of RM368 million that will provide earnings visibility to the company.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
raingod
43 posts
Posted by raingod > 2023-07-24 16:02 | Report Abuse
next quarter probably another decent result... share buyback are happening ...