Econpile Holdings to gain on resurgence in government infrastructure spending

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PETALING JAYA: CGS International Research (CGSI Research) expects Econpile Holdings Bhd to be a key beneficiary of revival in the government’s infrastructure spending with its capabilities and fleet in bored piles.

It reiterated its “add” call on Econpile with an unchanged target price of 56 sen a share.

It added key risks could include delays in the roll-out of mega projects and higher raw material costs.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Econpile Corporate News Infrastructure /Business/Business News Construction WCT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 07:00:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23144306

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 11 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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