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Affin Hwang Investment Bank analyst Lim Jia Zhen has initiated coverage on Critical Holdings with a Buy call and a target price of RM1.20, implying a 41% potential upside. Lim highlighted the company’s exposure to structural growth tailwinds across the semiconductor and data-centre sectors, supported by rising E&E facility build-outs and growing mechanical, electrical and process utilities (MEP) opportunities as data halls progressively energise.
THE construction sector has delivered a strong two-year run, with the KLCON Index rising 70%, driven primarily by SUNCON (+214%) and GAMUDA (+122%). This surge was underpinned by the rapid roll-out of data centre contracts. With several near-term data centre project awards in the pipeline and overall data centre development expected to stretch well into 2030, Kenanga expects data centre-related contracts to remain the dominant growth driver for the sector in 2026. https://focusmalaysia.my/tech-giants-data-centre-spending-anchors-construction-outlook-to-2030/
not yet hope stage. need high volume sell then start hope stage. the volume nowadays zzzzz. Lol, no pun intended. the big boys not moving, i will continue to sleep and wait. the price of being illiquid. those with huge lots on hands will be freaked out. can't sell.
most of the major contracts will be completed in fy25 and fy26 as announced if there is no delay in construction and commissioning, adam. What will be more interesting is whether any new major contracts for fy27.