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Sim Lian Group rated buy

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DBS Vickers Securities in a Feb 11 research report says: “Profit after tax and minority interest surged 222% y-o-y to $30.6 million, although revenue increased by a marginal 3% to $166.5 million. The higher earnings were mainly attributed to lower contract costs and a reversal of $3.1 million foreseeable loss.

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