Kelington wins RM 133 million Kuching expansion contract from existing customer
Bitget2026/10/05 04:52Kelington won a new contract worth about RM 133 million for a customer’s expansion project in Kuching, Sarawak. Scope covers major structural steel works for an advanced data storage manufacturing facility at Sama Jaya Free Industrial Zone. Work starts immediately. Completion targeted by April 2028. Total awards secured from the same customer for the project rise to about RM 416 million. Order expected to lift earnings and net assets for the financial year ending Dec. 31, 2026 through completion. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kelington Group Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3711943) on October 05, 2026, and is solely responsible for the information contained therein.
- Kelington won a new contract worth about RM 133 million for a customer’s expansion project in Kuching, Sarawak.
- Scope covers major structural steel works for an advanced data storage manufacturing facility at Sama Jaya Free Industrial Zone.
- Work starts immediately. Completion targeted by April 2028.
- Total awards secured from the same customer for the project rise to about RM 416 million.
- Order expected to lift earnings and net assets for the financial year ending Dec. 31, 2026 through completion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dan Ives reveals top tech stock picks for 2027! Nvidia, Microsoft, Apple, and three other stocks make the list, Tesla selected as “disruptive tech top pick”
Former Wedbush tech analyst Dan Ives released his top picks for the technology sector in 2027 on Wednesday, listing Nvidia, Microsoft, Palantir, Apple, and CrowdStrike as his five top technology choices.
US Midterm Elections Become a "Touchstone" for Defense Stocks: Trillion-Dollar Defense Budget Expansion Faces Congress Test
The U.S. midterm elections are becoming a crucial test of investors' sentiment towards the rapidly growing defense sector.
Samsung Electronics Q3 Profit Hits Another Record but Falls Slightly Short of Expectations; AI Memory Boom Drives Growth, Yet High Stock Prices and Cyclical Concerns Persist
Preliminary data released by Samsung Electronics on Thursday showed that its operating profit for the third quarter ending in September amounted to approximately KRW 107.4 trillion (about USD 80.1 billions), more than eight times higher than the same period last year, setting a new record mainly driven by demand for high-bandwidth memory (HBM).