KJTS Group Bhd appears to be moving higher after it broke above the 70 sen resistance level. It has performed commendably since its debut on the ACE market of Bursa Malaysia in January at 44 sen a share. The debut was a 63% premium to its initial public offering (IPO) price of 27 sen a share.

The company has also made headlines for winning contracts in the span of a month. The building support services provider has secured a subcontract worth RM12.3 million for a data centre project in Selangor.

The subcontract for the supply and installation of air-conditioning and mechanical ventilation pipework, complete with equipment, was awarded by Sunway Engie DC Sdn Bhd. Sunway Engie is 70% owned by Sunway Engineering Sdn Bhd and 30% by Engie Services Malaysia Sdn Bhd.

Sunway Engineering, in turn, is fully owned by Sunway Construction Sdn Bhd, a wholly owned unit of Sunway Construction Group Bhd. This is the second subcontract KJTS received from Sunway Engie within a month.

The first, awarded on Sept 23, was worth RM23.75 million and involved work at a data centre in Sedenak Tech Park, Johor. KJTS said work on the latest subcontract commenced on Sept 11 and is expected to be completed by Nov 27, 2026. Including this subcontract, KJTS has secured four contracts since the beginning of the year.

On Sept 25, KJTS’ unit has signed a 20-year agreement for retrofit work, operation and maintenance services for a chiller plant, and the supply of chilled water at the Centara Grand Mirage Beach Resort Pattaya, Thailand. The subsidiary in Thailand, KJTN Engineering Co Ltd, entered into the agreement on Tuesday with Central Plaza Hotel Public Company Ltd (Centel). This marks KJTN’s second project with Central Group.

With a growing list of projects in hand, the future remains bright for KJTS.