Anthony Lim Wah Tat's comment on HAWK. All Comments
Anthony Lim Wah Tat
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Affin Hwang Investment Bank has initiated coverage on Steel Hawk Bhd with a BUY recommendation and a target price of RM0.43

https://www.klsescreener.com/v2/news/view/1642793/utility-contracts-set-to-drive-steel-hawk-earnings
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Alexander
Affin Hwang Investment Bank earnings forecasts imply that the majority of financial year ending Dec 31, 2026 (FY26) earnings will be derived from utility contracts, with O&G jobs accelerating into FY2
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Anthony Lim Wah Tat
On earnings, Affin Hwang forecasts a 22% three-year CAGR from 2025 to 2027, supported by multiple long-term oil & gas contracts with PETRONAS, including construction and modification works across 27 downstream operating plant units, splash zone maintenance, and EPCC services for remote operations. Notably, 9M25 core earnings of RM19.4 million have already exceeded full-year 2024 levels.
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Shern
That’s like 50% upside based on tp given by affin hwang
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