<div class=newsTextDataWrapInner><p><strong>Taliworks Corporation Bhd</strong><br />
Water treatment remains Taliworks’ (TCB) biggest revenue contributor at 53.2% (2013), though the business is undermined by continued delays in receivables, amounting to RM313.2 million as at September 2014. Meanwhile, losses for the Waste Management segment in China widened to RM23 million from RM18 million in 2012.</p></div>

<div class=newsTextDataWrapInner><p>TCB appears to be focusing on infrastructure projects to boost earnings. It reorganised the toll road division, which saw the EPF taking an effective 32% stake in TEI Sdn Bhd. The latter holds a 55% direct stake in Cerah Sama, which owns and operates the concession for Cheras-Kajang Highway.</p></div>

<div class=newsTextDataWrapInner><p>In addition, TCB recently acquired the New North Klang Straits Bypass Expressway. Currently, Toll Highway only contributes 25.6% of PBT, but is expected to increase following the acquisition.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It should be noted that TCB’s net profit for 3Q14 included RM272.7 million one-off gain on re-organisation, without which net profit would only be RM7.7 million.</p></div>

<div class=newsTextDataWrapInner><p><img alt="tailworks_23Dec2014_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/tailworks_23Dec2014_theedgemarkets.png" style="height:644px; margin:5px; width:500px" /></p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in<em> The Edge Financial Daily</em>, on December 23, 2014.</p></div>


Taliworks Corporation Bhd
Water treatment remains Taliworks’ (TCB) biggest revenue contributor at 53.2% (2013), though the business is undermined by continued delays in receivables, amounting to RM313.2 million as at September 2014. Meanwhile, losses for the Waste Manageme...

Stocks With Momentum: Taliworks Corporation

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