Why must Pintaras go up to RM 2? Incoming large projects including MRT3, Penang Lrt, strong property launches
Besides, HSR is not out of the cards yet. How does this benefit Pintaras? Pintaras doesn't need to gain any contracts from the above projects to benefit from them. Major projects will soak up excess piling capacity from the market and may even cause a shortage, thus driving up piling rates. These developments represent multi year tailwind, which bodes well for both the sentiment and fundamentals of Pintaras.