“We see a high likelihood” of CBH Engineering winning some of the jobs worth RM730 million the company is bidding for in the coming months, TA Securities said in a note, noting that “several of the tenders are already at the advantage stage of finalisation”.

This year, the company will likely add RM600 million worth of new contracts to its order book, according to the research house’s forecasts.

All three analysts covering the stock have ‘buy’ calls. Post results, the average target price has also risen to 67 sen, according to Bloomberg.

“We remain positive on CBH’s growth prospects, underpinned by its healthy tender pipeline and favourable sector tailwind,” said Public Investment Bank, noting that jobs on hand worth RM592 million would provide earnings over the next two years for the company.

Phillip Research has initiated a “buy” call on CBH Engineering Holdings Bhd (KL:CBHB) with a target price of 91 sen, as the house sees the group as a key beneficiary of Malaysia’s accelerating power infrastructure investment cycle driven by the rapid expansion of data centres.

In a research note on Tuesday, 

Be careful, something not nice appeared after up few bids and touching 0.585, then quickly heavy sold and pressed the price to 0.565. now 0.575-0.585 sell slots queueing so many shares, big volume in 3 bids consecutively. Looks like PR is going to sell a lot today.