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Sunday, April 26th, 2026

Kumpulan Kitacon Bhd Wins RM89m Contract in Rawang, Robust Orderbook and Strong FY26 Outlook

Broker Name: CGS International

Date of Report: March 10, 2026

Excerpt from CGS International report.

Report Summary

  • Kumpulan Kitacon Bhd secured a RM89 million residential construction contract in Rawang from an existing client, bringing year-to-date (YTD) contract wins to RM91 million and keeping it on track to meet the RM900 million target for FY26F.
  • Kitacon’s orderbook stands at RM1.6 billion (2x FY25 revenue), with a healthy tender pipeline and growing non-residential exposure supporting earnings visibility; the stock is rated Add with a target price of RM1.26, reflecting attractive valuation and robust financials.

Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com

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