EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Thursday, October 5, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm asncommerce mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

This Malaysian stock jumped 790% by lowering electricity bills

by moneycompass
April 15, 2020
in Local Market News
This Malaysian stock jumped 790% by lowering electricity bills
Share on FacebookShare on WhatsApp

MALAYSIA, 14 April 2020 – Malaysia’s best-performing stock surged 790% in the past year by helping people lower their electricity bills.

Shares of Kejuruteraan Asastera Bhd., or KAB, have gained 94% to 75 sen just this year, after it started offering energy-saving services to hotels and offices in 2019.

That helped its order book to reach 355 million ringgit ($82 million), enough to support its revenue for 2.2 years, said Lai Keng Onn, founder and managing director.

Malaysia has imposed a lockdown to contain the spread of the coronavirus, leading to disruptions for manufacturers such as glovemakers and breweries. KAB isn’t exempted, so its operations have stopped.

Still, Lai sees increasing demand for KAB’s services as the economic impact of the pandemic spurs companies to cut costs including on electricity bills.

“We see this as an opportunity to market our energy efficiency solutions to the hospitality industry,” he said in an interview. “Although a possible slight delay can be expected in some of our projects,” due to the lockdown, he added.

TA Securities maintains a sell rating on the stock due to its “rich valuation” and sets its target price at 22 sen based on an 11.1 million ringgit net income forecast this year. KAB’s profit rose 23% to 10.5 million ringgit in 2019, with Lai expecting “double-digit” earnings growth to continue this year.

 

Read more: How Businesses Can Stabilize Their Cash Management in Times of Crisis

Tags: LockdownStock
Share11SendShareSendTweetShare
Previous Post

Casio Makes Scientific Calculator Web Service and Learning Tools Free of Charge to Support Math Study during School Closures

Next Post

iQIYI Launches iCartoonFace Challenge Together with IJCAI-PRICAI 2020

Related Posts

Loh Guat Lan, President of LIAM
Local Market News

Life Insurers Offer Relief Measures to Assist Flood Victims

08 Mar 2023
Bursa Malaysia
Current News

Bursa Malaysia enhances Islamic securities

10 Feb 2023
Corporate News

JCorp Officially Launches JLand Group (JLG) to Capture Opportunities in New Economy Real Estate

18 Jan 2023

Discussion about this post

MOST POPULAR

  • Diversity Thrives, Inclusion Prevails: HR Asia Best Companies to Work for in Asia Thailand 2023 Honors 73 Champions of an Inclusive Workforce

    0 shares
    Share 0 Tweet 0
  • Asian Institute of Chartered Bankers (AICB) Hosts 13th International Conference on Financial Crime and Terrorism Financing (IFCTF) to Cultivate Greater Transparency and Accountability in Financial Sector

    0 shares
    Share 0 Tweet 0
  • Osman Ershad Faiz Recognised In The 2023 Heroes Role Model Top 20 Lists

    0 shares
    Share 0 Tweet 0
  • MALAYSIA’S TECH ASPIRATIONS GET A BOOST WITH STRATEGIES AND SOLUTIONS AT THE HUAWEI MALAYSIA CLOUD SUMMIT 2023

    0 shares
    Share 0 Tweet 0
  • BizLink enhances its robotic portfolio in dresspack systems

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER