The premium is to reflect a relatively less competitive piling segment vis-à-vis general contracting. The latest contract is the first job win for Econpile in FY17, boosting its outstanding order book to RM870 million. During an analyst briefing in August, Econpile said that it was awaiting the outcome of its bid for the piling/foundation package for Pavilion Damansara Heights. Also, it indicated that it would bid for the piling/foundation package for Bukit Bintang City Centre (BBCC). It is also pursuing piling/foundation subcontracts of the mass rapid transit Line 2, as well as a station package potentially.

Source: The Edge Markets October 06, 2016 03:00 UTC