PETALING JAYA: The infrastructure works for the Malaysian portion of the KL-Singapore High Speed Rail (HSR) could be worth RM35bil to RM40bil, estimates Affin Hwang Capital Research.
In a report, the research firm said the Malaysian project delivery partner (PDP) for the HSR project would potentially earn a net profit of RM1.6bil to RM1.82bil (applying a corporate tax rate of 24%) over the 2019-26 construction period. This is RM200mil to RM228mil per year based on straight-line recognition basis,” it said.
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