Tat Hong

Tat Hong: CIMB maintains OutPerform with TP $1.39. House note that robust margins, rental rates and utilisation for its crawler and mobile-crane fleets should persist in the next few years, given a wealth of regional projects. In recent road show, Mr Roland Ng, grp’s MD, expressed unbridled confidence that the higher margins, rental rates and utilisation could be sustained. Catalysts expected from further sets of strong results and efforts to reward shareholders through dividends.