Broker Name: Maybank Investment Bank Berhad
Date of Report: March 19, 2026
Excerpt from Maybank Investment Bank Berhad report.
Report Summary
- Kee Ming Group (KM) is positioned for robust growth in Malaysia’s mechanical & electrical (M&E) engineering sector, driven by its expanding orderbook, especially in data centre (DC) and solar interconnection facilities (IF) projects. FY26 earnings are on track to double year-on-year, underpinned by strong project pipeline and new segment exposures.
- Maybank raises its FY26-28 earnings forecasts for KM by 14-20%, and lifts the target price to MYR0.94, reflecting improved recognition timelines and profitability expectations. The company is actively tendering for new projects alongside key partners, aiming to further diversify and strengthen long-term earnings sustainability.
Above is an excerpt from a report by Maybank Investment Bank Berhad. Clients of Maybank Investment Bank Berhad can be the first to access the full report from the Maybank Investment Bank Berhad website : www.maybank.com/investment-banking
