Stock Name: KIMLUN
Company Name: KIMLUN CORPORATION BERHAD
Research House: OSK
KUALA LUMPUR: OSK Research said from a CONSTRUCTION [] angle, it views KimLun (BUY, FV: RM2.32) as the primary beneficiary from more job flows at Iskandar Malaysia.
It said on Wednesday, April 13 this is by virtue of: (i) its extensive track record of jobs within Johor and (ii) its Johor based status which provides an advantage as some Iskandar jobs are only limited to such contractors. With Iskandar at its tipping point, we expect to see more private sector development taking place.
'Given KimLun's established clientele base of reputable listed developers, we expect it to secure more contracting jobs for new launches,' it said.
Company Name: KIMLUN CORPORATION BERHAD
Research House: OSK
KUALA LUMPUR: OSK Research said from a CONSTRUCTION [] angle, it views KimLun (BUY, FV: RM2.32) as the primary beneficiary from more job flows at Iskandar Malaysia.
It said on Wednesday, April 13 this is by virtue of: (i) its extensive track record of jobs within Johor and (ii) its Johor based status which provides an advantage as some Iskandar jobs are only limited to such contractors. With Iskandar at its tipping point, we expect to see more private sector development taking place.
'Given KimLun's established clientele base of reputable listed developers, we expect it to secure more contracting jobs for new launches,' it said.
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