Kinergy Advancement: With Johor Corp to develop energy-efficient solutions for data centers
Kinergy Advancement Bhd has partnered with Johor Corp (JCorp) to develop sustainable energy solutions, focusing on energy-efficient initiatives for data centres. The collaboration, led by Kinergy’s subsidiary KAB Energy Holdings Sdn Bhd, aims to implement district cooling systems to reduce energy consumption and enhance power usage effectiveness in data centres. This partnership is expected to positively impact Kinergy's future earnings and EPS for the financial year ending Dec 31, 2024.
Below is an excerpt from an interview with BFM and KAB CFO:
1) Overview of Kinergy Advancement Berhad (KAB): - Initially an electrical and mechanical engineering company. - Transitioned to sustainable energy solutions in 2020 during the pandemic. - Focus on providing comprehensive energy and engineering solutions.
2) Business Transformation: - KAB started focusing on renewable energy, energy-saving solutions, and sustainability. - The transformation aimed to help businesses save electricity and money while meeting environmental, social, and governance (ESG) goals.
3) Company Growth and Achievements: - Successfully expanded its product portfolio in June 2023. - Significant increase in net profit, highlighting a growth rate of 20 times over previous figures. - Recognized for its efforts in sustainability, receiving various accolades and expanding its presence in the energy sector.
4) Challenges and Market Position: - Experienced fluctuating stock prices, peaking in 2021 and facing corrections since. - The shift to sustainable energy brought new challenges and required strategic acquisitions and investments. - Continues to explore opportunities in renewable energy across Southeast Asia.
5) Future Plans and Vision: - Plans to continue expanding its renewable energy portfolio. - Focuses on becoming a leading player in the energy market by offering diverse energy solutions. - Committed to helping clients achieve energy savings and sustainability goals.
wait 6 months across the downward trend before getting the price of 0.30cent.PP usually bought at the ead of the exp date.if not ready to continue for another 6 months again.that's the story.operators buy PP,sell to retailers.give money to the boss.retailers syoks syoks sendiri ingat harga roket.,boss happy.
See, this mrhunter88 otak filled with longkang water gets cocky every time when it drops 1 or 2 cents and then still saying longkang, something wrong etc when KAB goes up
Malaysia aims to harness the full potential of its hydroelectric resources, driving sustainable energy development and contributing to a greener future. Good news for KAB too
don't worry there are still 6 months left for the price to drop below 0.30cent.if it hasn't yet,add another 6 months again.just wait patiently ya.hahaha
the price block is quite big from falling near 0.350cent.what does that mean hahaha.can ask an experienced sifu to know what will happen.just be careful ya trade hope.
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Diego66
120 posts
Posted by Diego66 > 2 weeks ago | Report Abuse
Is it a sign that it is going to soar? 😁