PETALING JAYA: Taliworks Corp Bhd
is expected to have an additional 49% growth to earnings before interest, taxes, depreciation and amortisation (EBITDA), assuming that proceeds from repayment by Syarikat Pengeluar Air Selangor Sdn Bhd (Splash) is used for upcoming merger and acquisition (M&A) deals, said Hong Leong Investment Bank (HLIB).
With Splash set to be acquired by the Selangor government in the near term, this would allow full repayment of trade receivables amounting to an estimated RM471mil owed to Taliworks.
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