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-Crane: sales relative stable but hurt by one off forex loss
-Airport: Q-Q lower passengers as seasonal reason; but Y-Y still recorded 19% up
-Construction: low outstanding order-book;
If nothing special events, should report single digit million profit.
Upcoming should focus more on:
-any new contract award in Q3 (mentioned during Agm)
-possible special dividend from SCA?
Carey Island cargo port, Westports 2 expansion and Port of Tanjung Pelepas expansion were mentioned. We estimate that they could avail a whopping MYR45.5 bil worth of jobs.
Potential beneficiaries of the port ‘megaprojects’ are Muhibbah Engineering, IJM and WCT.
