SINGAPORE (Sept 7): RHB is recommending a “buy” call on steel specialist TTJ Holdings, saying the group is poised to announce record profits and possibly higher dividends in its full-year financials later this month.
TTJ Holdings, which designs, supplies and fabricates structural steelworks, has built an impressive track record, delivering steelworks for landmarks in Singapore such the The Helix at Marina Bay and [email protected]
Riding on a strong pipeline of infrastructure and industrial projects such as the LNG terminal at Jurong Island and civil defence doors for new MRT lines, the group saw 9M16 net profit surge 138% growth to $22.9 million from a year ago.
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