Tiong Woon: Co. has secured a subcontract agreement for the Tokuyama Msia Project from Chiyoda Sarawak. The contract was sealed at an undisclosed amount and Co. will be providing equipment erection works for the project in Samalaju Industrial, Sarawak. Project will involve the supply of heavy lifting and haulage equipment and project mgt services.
We note that street is not very sanguine on Co’s prospects with 2 Sell Calls and 1 neutral call with mean TP of $0.28.
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