KKB Eng bags RM171m steel job (BT)

KKB Engineering Bhd has been awarded with a contract for the structural steel and cladding work at the proposed Ferro Alloy Complex, Bintulu, Sarawak, worth approximately RM171 million.

The contract was awarded by Pertama Ferroalloys Sdn Bhd, the employer of the complex.

KKB Engineering in a filing to Bursa Malaysia today said the completion time for the contract would be staggered within 15 months commencing from the third quarter of the year.

“The award is expected to contribute positively to the earnings and net assets of the KKB Group for the financial years ending Dec 31, 2012, and Dec 31, 2013,” it said. — Bernama

Read more: KKB Eng bags RM171m steel job http://www.btimes.com.my/Current_News/BTIMES/articles/20120731182209/Article/#ixzz22D1wLGDA

Smartbiz: Price is under consolidation with support at 1.47. price should be boosted by the news to test its 20MA at 1.51. Next barrier will be 1.55. 

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