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Pintaras ? a new hope
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i4value
Senior |
20-Feb-2024 11:06
Yells: "i4value.asia" |
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Pintaras Jaya incurred a loss in 2023 but this is due to a &ldquo perfect storm&rdquo of lower revenue and higher costs. Its performance in Malaysia over the past few years was affected by the slowdown in the property and construction sector. As such the bulk of the contribution over the past few years has been from its Singapore operations. As the leading foundation and sub-structure contractor in Malaysia, I expect the Group to rebuild the Malaysian business. When this happens, I expect the market to re-rate it. For more insights refer to page 22 of INVEST |
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