M+ Online
6th September 2022

Stock Digest - Kelington Group Bhd - Record High Orderbook Replenishment

We gather that the aforementioned contract is the second largest single contract secured by KGB after bagging approximately RM420.0m of works at East Malaysia back in 2021. We believe that the aforementioned contract is expected to generate mid-to-high single digit EBITDA margins, which is line with historical average for historical UHP segment’s works.

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