specializes in energy-saving, cost-effective, and performance-enhancing solutions for clients, leveraging advanced technology for local and international sectors. ------ 60 sen + dragon year cny
Rakuten Trade has valued ACE Market-bound KJTS Group Bhd at 30 sen based on discounted cash flow valuation, translating into a price-earnings ratio of 17 times for the financial year ending Dec 31, 2024 (FY2024), a slight discount to industry peers due to its smaller market capitalisation.
Another IPO company making use of terminology of EV, Data Centre,etc to boost share price. There are many companies providing industrial cooling system and air conditioning going back 50 years ago. The fact also 50% of the company's revenue is cleaning. Check the quarter report.
KUALA LUMPUR (Feb 2): Building support services provider KJTS Group Bhd has bagged a RM16.77 million contract from Thailand's Central World Hotel Co Ltd (Centara) to undertake retrofitting works as well as provide operation and maintenance (O&M) services and supply of chilled water at Centara Grand Hotel at Central World in Bangkok for 15 years.
Recurring revenue stream to ensure robust growth for KJTS
KAF Investment Bank Research expects KJTS Group Bhd’s three-year core net profit to grow on a compounded annual growth rate of 49.9%, with a substantial share of its earnings coming from recurrent revenue stream.
The company is also expected to benefit from the National Energy Transition Roadmap (NETR) and can capitalise on the rapid expansion of data centres in the country.
KJTS offers engineering, procurement, construction and commissioning (EPCC) projects and cooling energy management services (CEMS).
The company was recently listed on the ACE Market and derived about half of its revenue from large-scale cooling energy systems.
It is involved in cleaning services, which contributing 39.1% to revenue for the seven-month period of 2023 (7M23). Facilities management (FM), meanwhile, accounted for 10.7% of the revenue mix.
“KJTS’s crown jewel is its recurring revenue stream, which offers long-term earnings visibility.
“In financial year 2022, an impressive 84.8% of its revenue was from long-term contracts in the CEMS, cleaning and FM segments.
“We expect further expansion of KJTS’s recurring revenue base as it secures more projects, mainly EPCC jobs,” said KAF in a report initiating coverage on the stock with a “buy” call and 78 sen target price.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Huat 888
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Posted by Huat 888 > 2024-01-06 12:47 | Report Abuse
worth to subscribe 0.27
1st day IPO 0.35 at least