[%dWGk%] 
Research by MIDF
Buy – TP of MYR 2.13

“Steel Fabrication Leads Earnings” 

KKB Engineering Berhad (KKB) registered a core net profit of RM3.9m in 1QFY24, an improvement of +28.3%yoy, driven by stronger results from both its engineering and manufacturing divisions. The results were below ours and street’s expectations at 11.0% and 11.3% of full-year estimates respectively, coming in below expectations.

Analyst(s):
Royce Tan Seng Hooi
[%dsaD%]

$KLSE-KKB 
Research by MIDF
Buy – TP of MYR 2.13

“Steel Fabrication Leads Earnings” 

KKB Engineering Berhad (KKB) registered a core net profit of RM3.9m in 1QFY24, an improvement of +28.3%yoy, driven by stronger results from both its engineering and manufacturing divisions. The results were below ours and street’s expectations at 11.0% and 11.3% of full-year estimates respectively, coming in below expectations.

Analyst(s):
Royce Tan Seng Hooi
royce.tan@midf.com.my