<div class=newsTextDataWrapInner>KUALA LUMPUR (Dec 13): Hong Leong Investment Bhd (HLIB) Retail Research said it is sanguine on Rohas Tecnic Bhd’s mid- to long-term outlook, underpinned by completion of its loss-making HG Power Transmission Sdn Bhd (HGPT) legacy contracts as well as tower fabrication orderbook at RM200 million (1.1x cover of FY18 revenue) and EPCC projects at RM340 million (1.5x cover of FY18 revenue).</div>

<div class=newsTextDataWrapInner>In a technical tracker today, the research house said in addition, potential fabrication and EPCC orderbook replenishments would be buoyed by Sarawak state’s initiative to rollout 5,000 towers and the transmission line (JV with Muhibbah) from Butterworth to Penang Island which will run parallel to the Penang Bridge (estimated project value: RM1 billion).</div>

<div class=newsTextDataWrapInner>“Technically, after building a base above 50D SMA, Rohas is poised for an oversold rebound towards RM0.695-0.83 levels, in anticipation of a better 4Q results and a strong FY19-21 EPS CAGR of 22% coupled with undemanding valuations at 10.2x FY20E P/E and 0.96x P/B (4% and 40% below PESTECH’s P/E and P/B),” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

KUALA LUMPUR (Dec 13): Hong Leong Investment Bhd (HLIB) Retail Research said it is sanguine on Rohas Tecnic Bhd’s mid- to long-term outlook, underpinned by completion of its loss-making HG Power Transmission Sdn Bhd (HGPT) legacy contracts as well as tower fabrication orderbook at RM200 million (...

Rohas ripe for further oversold rebound, says HLIB Research 

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