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Quarterly Report Q1 2026 Quarterly Report Q2 2026
Quarterly Report Q1 2025 Quarterly Report Q2 2025 Quarterly Report Q3 2025 Quarterly Report Q4 2025
Quarterly Report Q1 2024 Quarterly Report Q2 2024 Quarterly Report Q3 2024 Quarterly Report Q4 2024
Quarterly Report Q1 2023 Quarterly Report Q2 2023 Quarterly Report Q3 2023 Quarterly Report Q4 2023
Quarterly Report Q1 2022 Quarterly Report Q2 2022 Quarterly Report Q3 2022 Quarterly Report Q4 2022
Quarterly Report Q1 2021 Quarterly Report Q2 2021 Quarterly Report Q3 2021 Quarterly Report Q4 2021
Quarterly Report Q1 2020 Quarterly Report Q2 2020 Quarterly Report Q3 2020 Quarterly Report Q4 2020
Quarterly Report Q1 2019 Quarterly Report Q2 2019 Quarterly Report Q3 2019 Quarterly Report Q4 2019
Quarterly Report Q1 2018 Quarterly Report Q2 2018 Quarterly Report Q3 2018 Quarterly Report Q4 2018
Quarterly Report Q1 2017 Quarterly Report Q2 2017 Quarterly Report Q3 2017 Quarterly Report Q4 2017
DateContent
Aug 20262Q FY2026 Results Review
May 20261Q FY2026 Results Review
Feb 20264Q FY2025 Results Review
DateContent
Nov 20253Q FY2025 Results Review
Aug 20252Q FY2025 Results Review
May 20251Q FY2025 Results Review
Feb 20254Q FY2024 Results Review
DateContent
Nov 20243Q FY2024 Results Review
Aug 20242Q FY2024 Results Review
May 20241Q FY2024 Results Review
Feb 20244Q FY2023 Results Review
DateContent
Nov 20233Q FY2023 Presentation
August 20232Q FY2023 Presentation
May 20231Q 2023 Financial Review
DateContent
15 Sep 2026AmInvestment Analyst Report
15 Sep 2026Record Breaking US$452.0m India Contract Win
14 Sep 2026Upsized opportunity secured in India
14 Sep 2026The Next Leg Up; Keep BUY
14 Sep 2026Record Win, Stronger Visibility
26 Aug 2026Meaningful wins in SG, IN and MY in sight, backed by robust tender pipeline
21 Aug 2026Another One For The Road; Stay BUY
21 Aug 2026Robust Order Wins Support Growth Outlook
21 Aug 2026AmInvestment Analyst Report
21 Aug 2026Earnings warming up, order momentum accelerated further
21 Aug 2026Order Momentum Extends
21 Aug 2026YTD orderbook wins of RM1.76bn already surpassed FY25’s RM1.25bn
18 Aug 2026Q226 preview: Billings momentum builds; tender opportunities evolve
18 Aug 2026AmInvestment Analyst Report
28 May 2026Firing up all cylinders
28 May 2026Spotlight On The Sizeable Tender Pipeline
28 May 2026Scaling New Highs; Keep BUY
27 May 2026AmInvestment Analyst Report
26 May 2026Going Great Guns; Keep BUY
26 May 2026AI Capex Fuels Growth
25 May 2026Despite flat revenue, earnings grew strongly yoy, supported by record-high gross margin
26 Mar 2026Still a Good Time To Hook Up; Keep BUY
25 Mar 2026New India Win, Solid Visibility
25 Mar 2026Strengthening Footprint In India
27 Feb 2026Berjaya Research (FKA Inter-Pacific Research) - Fabs Expansion Tailwinds Lift CY26/27 Outlook
27 Feb 2026AmInvestment Bank - The gift that keeps on giving
26 Feb 2026UBS - Emerging upside from memory capacity expansions; upgrade to Buy
26 Feb 2026RHB - Another One For The Road; Stay BUY
26 Feb 2026Kenanga - Breaking Record and Resilient
26 Feb 2026Affin Hwang - Global onshoring demand driving record margins
DateContent
26 Nov 2025AmInvestment Bank - Hold onto your seats
25 Nov 2025Berjaya Research (FKA Inter-Pacific Research) - Driving Core Business Through High-Value Tenders
25 Nov 2025Affin Hwang - Record margins spurred by favourable environment
12 Nov 2025RHB - Another Strong Showing Expected; Stay BUY
25 Aug 2025AmInvestment Bank - Emerging national champion
25 Aug 2025Kenanga - Mix Shift Paying Off
22 Aug 2025Berjaya Research (FKA Inter-Pacific Research) - Strong Tender Pipeline Unlocks New Opportunities
22 Aug 2025Affin Hwang - On track for another strong year
22 Aug 2025RHB - 2Q25: GPM Hits Another High; Stay BUY
5 Aug 2025RHB - Here Come The Pretzels; Keep BUY
3 Jun 2025Inter-Pacific Research - Solid Growth Outlook
30 May 2025RHB - It Gets Better; Keep BUY
30 May 2025Kenanga - Growth Engine in Motion
28 May 2025Affin Hwang - Outlook remains positive with higher new contract wins in 1Q25 and record-high tender book
28 Feb 2025Inter-Pacific Research - Shining Brighter on Higher Margins and Tender Book
28 Feb 2025Kenanga - Tender Book Booms – More to Come
26 Feb 2025Affin Hwang - Commendable growth
DateContent
14 Nov 2024Kenanga - Building Momentum in UHP & Gas
14 Nov 2024Inter-Pacific Research - Marching Into The Double-Digit Bottomline Margins Era
13 Nov 2024Affin Hwang - Outlook remains positive with higher new contract wins in 3Q24
13 Nov 2024RHB - Sterling Quarter With Record Margins; Keep BUY
13 Nov 2024Kenanga - UHP Power Play
23 Aug 2024Inter-Pacific Research - Higher Earnings Growth Despite Weaker Revenue
23 Aug 2024RHB - Benefitting From China’s “Big Fund”; Keep BUY
27 May 2024RHB - New Markets And Sector Tailwinds; Keep BUY
27 May 2024Inter-Pacific Research - Anticipating Strong Growth In Industrial Gas Segment
24 May 2024Kenanga - Spotless Earnings Track Record
23 May 2024Affin Hwang - We reiterate our BUY call, premised on its strong earnings growth prospects”
4 Mar 2024Inter-Pacific Research - Improving UHP and Industrial Gases Performance
29 Feb 2024Kenanga - Defying Gravity
29 Feb 2024RHB - A Stellar Close; Keep BUY
DateContent
30 Nov 2023Kenanga - Poised for Better Margins and More Jobs
30 Nov 2023RHB - Expanding Its Footprint; Still BUY
24 Nov 2023Kenanga - Christmas Came Early
24 Nov 2023Affin Hwang - We reiterate our BUY call, premised on its promising and resilient earnings growth, backed by its strong order book
21 Aug 2023Kenanga - Word Progress Gains Momentum in China
21 Aug 2023RHB - Another Record Breaking Quarter
21 Aug 2023Malacca Securities - Above expectations
18 Aug 2023Affin Hwang - 1H23 exceeded expectations
22 May 2023Malacca Securities - All round improvement
22 May 2023Kenanga - 1QFY23 Earnings Almost Double YoY
22 May 2023Affin Hwang - 1Q23 results in line
22 May 2023RHB - Another Strong Start
8 May 2023Inter-Pacific Research - Climbing Up The Value Chain
28 Apr 2023Kenanga - First Chemical Supply System Job
28 Apr 2023Malacca Securities - Stepping up UHP segment
08 Mar 2023RHB - Cautions Optimism; Keep NEUTRAL
08 Mar 2023Kenanga - LCO2 Plant Hits 100% Run Rate
28 Feb 2023RHB - Doubling Up; Maintain NEUTRAL
28 Feb 2023Inter-Pacific Research - Earnings prospect bolster by huge orderbook
28 Feb 2023Kenanga - Propelled by Strong Project Deliveries
28 Feb 2023Malacca Securities - Scaling new peak
27 Feb 2023Affin Hwang - Earnings prospects looks promising with high RM1.7bn orderbook
11 Jan 2023Inter-Pacific Research - Second General Contracting Job In Sarawak
11 Jan 2023Kenanga - Kelington Group Starting the Year with a RM170m Job Win
11 Jan 2023Malacca Securities - First major win in 2023
Date Content
9 Dec 2022Kenanga - Kelington Group Charging Ahead at Full Speed
5 Dec 2022Kenanga - 3QCY22 Results Review: Largely Disappointing
21 Nov 2022RHB - Another Whopping Quarter; Keep BUY
21 Nov 2022Inter-Pacific Research - Consecutive Record Quarter
21 Nov 2022Malacca Securities - Kelington Group Bhd Scaling up to another peak
18 Nov 2022Affin Hwang - Earnings prospects look promising with high RM1.9bn orderbook
8 Sept 2022
RHB - Kelington Group Still Robust Tender Pipeline; Keep BUY
6 Sept 2022Inter-Pacific Research - RM330m Win Lifts Orderbook Wins To A Record High
6 Sept 2022Kenanga - Kelington Group New Replenishment Record of RM 1.28b
6 Sept 2022Malacca Securities - Record high orderbook replenishment
28 July 2022RHB - Exceeding MYR2bn In Tenderbook; Maintain BUY
26 May 2022Inter-Pacific Research - RM1.2b Orderbook In Hand
25 May 2022Kenanga - All-time High First Quarter Earnings
25 May 2022Malacca Securities - Another solid quarter
25 May 2022RHB - 1Q22: A Decent Start; Maintain BUY
24 May 2022Affin Hwang - Slowly ramping up
DateContent
19 August 2021Kenanga - Kelington Group Fab Expansion and the Ride
19 August 2021Malacca Securities - Bumping up the orderbook
16 June 2021Kelington group - RHB
27 May 2021Earnings growth underpinned by growing orderbook – Inter-Pacific
27 May 2021Recovery On Track, Malaysia Contribution Doubled – RHB
27 May 2021A Good Start – Kenanga
26 May 2021Seasonally weaker quarter - Affin Hwang Capital
05 Jan 2021Kenanga Technology
Date Content
25 Nov 2020Kenanga: Above Expectations A Sharp Recovery
25 Nov 2020RHB: A Strong comeback
25 Nov 2020Affin Hwang: Higher Malaysian activities, positive China margin surprise
11 Nov 2020Vaccine to Boost Dry Ice Demand (Kenanga)
9 Nov 2020KGB Buy then Win (Kenanga)
9 Sept 2020Maybank : Technical Trading Ideas: Bargain Hunting at Support Zones
13 Aug 2020RHB : A Circuit Breaking Quarter
12 Aug 2020Affin Hwang Capital Looking past weak 2020; prospects remain bright
DateContent
24 May 2019Affin Hwang Capital 1Q19: In-line results supported by Singapore
03 June 2019Rakuten Trade Kelington Group Bhd Growth story remains intact
23 August 2019Earning Hits by Admin Costs & Tax
23 August 2019Kelington Group Steady As She Goes
DateContent
09 Nov 2018In a Class Of Its Own; Initiate With BUY
03 Sept 2018KGB Industrial Gas Player to Watch
DateContent
06 Nov 2017KGB - Investment Idea Upgrade
02 Oct 2017KGB - More New Contracts In The Pipeline