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CGS International Research, which initiated coverage on the stock with an “add” call and target price (TP) of RM1.37, viewed the company’s business model favourably given its halal-certified modern kopitiam format, strong and growing brand presence, and integrated FMCG business, which provides an additional avenue for earnings growth beyond its cafe operations
Indonesia side quite steady, PT Aneka Jaringan Indonesia has an order book of RM15.15 million with 10 ongoing projects, and the tender book stood at RM42.02 million, not huge but consistent
Data centre pipeline is real, not hype. Malaysia has pulled in RM385.7 billion in data centre-related investments since 2021, with over 40 new applications this year alone. The M&E engineering market is projected to hit RM17 billion by 2030, growing at a CAGR of around 10-11%. Data centre demand is rated "High" impact across short, medium, and long term in industry reports