Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Looking at the chart, 48 cents is a very solid floor and the selling pressure seems to be drying up nicely. If the buyers step in now, could be looking at a very healthy rebound from this level
Kinergy Advancement Bhd’s proposed RM80mil private placement is seen by analysts as a timely funding move that supports the group’s expansion into power generation, particularly its planned 1,500-megawatt (MW) gas-fired power plant in Perlis.
RHB Research said the exercise provides investors with an opportunity to participate in the group’s potential upside from the new power plant. Part of the proceeds will also go to reduce borrowings.
“We view this as a good opportunity to ride Kinergy’s upside from the new power plant, as we expect management to sign the power purchase agreement in the first quarter of 2027. Kinergy is proposing to undertake a private placement of 219 million shares, making up 10% of its current share capital
No need to panic at this stage lah. CAPE is testing around RM0.25–0.26, which is also near its current 52-week low. The key is whether selling pressure starts to ease and the stock can stabilise here
Turnaround story is looking more credible now with revenue more than doubled QoQ, returned to profit, and the EPCC pipeline remains the main earnings driver