Ann Joo is negotiating strategic contracts to supply steel to Petronas and the elevated portion of the Sungai Buloh-Kajang MRT line. A
contract with Petronas could boost FY12 revenues by 8-10% and pretax profits by 15-17% while the MRT is likely to raise annual output by 7%
p.a. for the next five years. Negotiations with Petronas are underway and Ann Joo expects MRT contributions to start in 2H12. (Target Price: 2.39)
contract with Petronas could boost FY12 revenues by 8-10% and pretax profits by 15-17% while the MRT is likely to raise annual output by 7%
p.a. for the next five years. Negotiations with Petronas are underway and Ann Joo expects MRT contributions to start in 2H12. (Target Price: 2.39)
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