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14th November 2022

Stock Digest - Kelington Group Bhd - Industrial Gas Gegment Picking Up

We believe that the sequential growth of the industrial gases segment will take place in the foreseeable future and will provide KGB with stable recurring income. This will also be back by the commencement of new onsite supply scheme over a 10 years period for an optoelectronics semiconductor giant in Kulim, Kedah from 1Q23. The move will generate a stable recurring revenue of RM180.0m that will span over a 10-year period.

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