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Research by RHB
BUY – TP RM3.90

" Ringing In Another Strong Quarter; Keep BUY”

We expect Kelington Group to deliver another quarter of strong earnings, buoyed by its respectable orderbook and the robust performance of the liquid carbon dioxide (LCO2) business, which is now fully consolidated following a recent transaction. Our TP is pegged to unchanged target P/E of 23x on FY25F EPS (-0.5SD from the KLTEC Index’s 5-year mean).

Analyst:
Jeffrey Tan
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Cindy Lee
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$KLSE-KGB
Research by RHB
BUY – TP RM3.90

" Ringing In Another Strong Quarter; Keep BUY”

We expect Kelington Group to deliver another quarter of strong earnings, buoyed by its respectable orderbook and the robust performance of the liquid carbon dioxide (LCO2) business, which is now fully consolidated following a recent transaction. Our TP is pegged to unchanged target P/E of 23x on FY25F EPS (-0.5SD from the KLTEC Index’s 5-year mean).

Analyst:
Jeffrey Tan
jeffrey.tan@rhbgroup.com
Cindy Lee
cindy.chin.hui@rhbgroup.com