4QFY21: Bumper quarter Positively surprised; FY21 core profit up 12% YoY FY21 core net profit of MYR588m (+12% YoY) was 135%/120% of MKE/ street forecasts as 4Q saw bumper contributions from E&C (KVMRT2 Phs 1 reached financial close) and property (from Celadon). We however lower FY22E/FY23E net profit by 6%/4% as E&C orderbook replenishment and […]

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