PETALING JAYA: Sustainable energy solutions provider Kinergy Advancement Bhd
is expected to deliver record earnings for the financial year ending Dec 31, 2026 (FY26) as major projects enter their key execution phase, says Hong Leong Investment Bank (HLIB) Research.
The research house – which did not rate the stock, but gave it a fair value of 53 sen – said the company’s major engineering, procurement, construction and commissioning (EPCC) projects have entered into the peak execution phase, marking an earnings inflection point.
HLIB Research noted that favourable foreign-exchange movements and the expected completion of the Sipitang Oil & Gas Industrial Park project should provide additional support to margins.
It projects core net profit to grow 39% in FY26, 26% in FY27 and 7% in FY28.
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