MIDF optimistic on Selangor Dredging's strong earnings momentum

KUALA LUMPUR: MIDF Research Bhd is sanguine on Selangor Dredging Bhd’s outlook on the back of strong earnings momentum. An analyst at MIDF said Selangor Dredging’s earnings profile elucidates an intact bottom line momentum moving forward as the firm focuses on quality materials rather than quality. “Earnings projection can be forecasted in a positive note as a surge in the take-up rate for units at its ‘Village’ project in Pasir Panjang is expected.