KJTS
Cooling is Heating Up
While valuations may appear stretched at first glance, we flag that the nature of KJTS’ business means the earnings delivery on a new project is not front-loaded.
Latest
FRONTKEN
Exceptional Underlying Growth
We conclude from the post-results briefing that the combination of seasonal tailwinds, a step-up in leading-edge product mix, and sustainable margin dynamics, that the current momentum should be sustained.
DESTINI
Improving collections, a dividend likely
Improving cash flows were a key signpost to continue rehabilitating market perception of Destini, on the back of a 4th quarter in the black.
FRONTKEN
Secular Drivers Trump Cyclical Slump
FRCB is the best positioned to weather Trump’s tariff uncertainties and potentially benefit it, if it can follow TSMC to Arizona.
DESTINI
A Rail Turnaround
Destini has already delivered 3 quarters in the black after aggressively kitchen sinking i18M24 (ended June), that saw heavy impairments and exit/disposal from problematic segments/subsidiaries.
Wasco Greenergy
Wasco Greenergy
Wasco Greenergy Bhd (GENERGY) is one of the top biomass power equipment EPCC companies in Malaysia and Indonesia.
Pan Merchant
Pan Merchant
PMI specializes in manufacturing filter presses for liquid-solid separation. The primary application for the presses is in edible oils, and mainly for crude palm oil processing.
LSH Capital
LSH Capital
Lim Seong Hai Capital Bhd (LSH Capital) is a construction company with a secondary focus on property development and facilities management.
KJTS
KJTS
KJTS’ core business is providing cooling energy services via large-scale district cooling systems.
FRONTKEN
Frontken
Frontken provides precision cleaning services to leading-edge foundries in Taiwan, where it derives almost 70% of revenues and over 80% of operating profits.
DESTINI
Destini
Destini Bhd offers engineering services in mobility (mostly rail), aviation and defence (primarily for the military), marine (for O&G) and energy (predominantly solar.