“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.