Downgraded from hold to sell with a target price of 82 sen: The consortium of Samsung C&T Corp and UEM Group Bhd has secured the KL118 Tower project from the project owner, Permodalan Nasional Bhd, at a contract sum of RM3.4 billion.
The 118-storey skyscraper with a height of over 600m will be the tallest building in Southeast Asia upon completion by 2019.
We see Eversendai as a front runner to secure the structural steel works of the KL118 tower project for the following three reasons.
To read the full article, please visit Eversendai Eyes Steel Works Job Of KL118 Tower
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