Narratives are currently in beta
KJTS Group (Bursa: 0293) is a provider of building support services in Malaysia, with a presence in Singapore and Thailand. Originating as a contractor for cooling energy systems, KJTS Group has expanded and excelled in offering cooling energy, cleaning, and facilities management (“FM”) services. These include cooling energy management and engineering, procurement, construction, and commissioning (“EPCC”) of cooling energy systems services, general and specialised cleaning services, and facilities management services that cover the maintenance and repair of mechanical and electrical machinery and equipment.
Technical Analysis of KJTS Share Price
Strong Performance Since IPO: Since its IPO, KJTS has exhibited healthy growth in its share price, reflecting investor confidence in the company’s fundamentals.
Recent Uptrend: Beginning in November 2024, the stock has embarked on a robust uptrend, breaking past key resistance levels with consistent upward momentum.
Testing All-Time High: Currently trading at RM0.820, KJTS is edging closer to its all-time high of RM0.835. This level represents a critical resistance point, and a breakthrough could propel the share price to new highs.
Potential for Further Upside: A successful breakout above RM0.835 could open the path for the stock to target higher price levels, driven by positive investor sentiment and recent corporate milestones.
Recent Corporate Highlights
Q3 FY2024 Results: KJTS reported a solid revenue growth of 11.79%, reaching RM33.5 million in Q3 FY2024. This growth was largely driven by the Cooling Energy segment, which contributed RM15.19 million (45.29% of total revenue).
Strategic Project Wins: The company secured a 20-year project with Thailand’s Central Group for retrofit works and chilled water supply at Centara Grand Mirage Beach Resort Pattaya. This marks a continued expansion of its operations in the Thai market, showcasing its leadership in the cooling energy space.
Expanding Geographical Presence: With operations in Malaysia, Singapore, and Thailand, KJTS’s diversified portfolio and geographical footprint reinforce its competitive position.
Alignment with Sustainability Goals: The Cooling Energy segment aligns with Malaysia’s National Energy Transition Roadmap (NETR), positioning KJTS as a key contributor to energy efficiency and sustainability efforts.
Investor Outlook
KJTS’s consistent financial performance and strong project pipeline provide a solid foundation for future growth. Retail investors seeking exposure to a company with proven resilience and market expansion potential may find KJTS an attractive investment. Keep an eye on the critical RM0.835 resistance level, as a breakout could signal a new upward rally.
How well do narratives help inform your perspective?
