$KKB / 9466 (KKB ENGINEERING BERHAD) KKB Engineering Bhd
Research by MIDF
NEUTRAL ; Target Price RM1.47 ; Upside +2.8%

"Earnings Strengthened"
INVESTMENT HIGHLIGHTS
• KKB Engineering posted RM119.8m (+28.5%yoy) of revenue in 2QFY19
• Growth largely derived from its Engineering segment
• As of June 2019, outstanding orderbook stood at RM800m
• No change to estimates at this juncture
• Our valuation constitutes a NEUTRAL rating on the stock, with TP unchanged at RM1.47

Danial Razak
muhammad.danial@midf.com.my
03-2173 8396