TSR up 5.88% in thin trade on landing RM307m sub-contract

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KUALA LUMPUR (Jan 15): TSR Capital Bhd rose 5.88% in thin trade after it secured an RM307 million earthwork sub-contract for the Gemas-Johor Bahru electrified double-track project from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd.

At 9.16am, TSR rose 2.5 sen to 45 sen with 6,600 shares traded.

It said its wholly-owned unit TSR Bina Sdn Bhd —  which has done earthworks for MRT and MRT2 projects — will be undertaking site clearance and embankment earthwork for the project, with work expected to be completed by March 2020.