Secures a 5-year contract extension for maintenance works. This job,
worth RM43m spread over 5 years, is operationally positive but small in
value and hence, is financially neutral. No change to our forecasts.
Ekuinas' potential corporate exercise involving TOFF could be a
catalyst. Reiterate Buy with an unchanged RM0.98, based on 0.8x book.
Maybank research (1 December 2011)
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