CIMB Equities Research has estimated MRCB’s net profit for the financial year ended Dec 31, 2007 to reach RM61.20 million from RM36.8 million in FY06. For FY08, it estimates net profit to surge to RM98.5 million and for FY09, RM126.4 million.
MRCB and Pelaburan Hartanah Bumiputera Bhd proposed to jointly set up Penang Sentral Sdn Bhd for the Penang Sentral project that would include the development of an Integrated Transportation Hub. It will integrate Penang’s ferry, train, intercity and intra-city bus and taxi services and a monorail station.
Observers expected MRCB, as one of the two local specialists in the installation of power transmission cables, to play a significant role in the installation of land-based transmission lines for the Bakun project.
MRCB is to secure the RM1.6 billion monorail project and the proposed RM1.1 billion Penang Outer Ring Road project.
source:
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_66beb0ce-cb73c03a-39060b00-f09b86bd
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