BM GreenTech's Acquisition of Plus Xnergy Will Boost Its Solar Segment — Kenanga Research

Biomass boiler company BM GreenTech Bhd's (KL:BMGREEN) entire acquisition of Plus Xnergy Holdings Sdn Bhd (PXH) for RM110 million will strengthen the group's solar segment by expanding its portfolio to large scale solar projects, said Kenanga Research. PXH is a solar photovoltaic (PV) system engineering, procurement, and construction contractor with a track record of having completed over 400 megawatt peak (MWp) of solar PV installed capacity since its inception in 2013.

The Edge MarketsJun 19 01:06 ET

Kenanga IB Bullish on Construction Sector Amid Mega Projects

KUALA LUMPUR (June 13): Kenanga Investment Bank Bhd (Kenanga IB)(KL:KENANGA) remains bullish on the construction sector's outlook, driven by the impending roll-out of mega infrastructure projects, such as the Mass Rapid Transit Line 3 (MRT3), Pan Borneo Phase 2 and flood mitigation initiatives.

The Edge MarketsJun 13 01:29 ET

Kenanga Investors' Unit Eq8, Yayasan Waqaf Malaysia to Launch First Waqf ETF on Bursa This Year

KUALA LUMPUR (June 12): Kenanga Investors Bhd's wholly owned subsidiary Eq8 Capital Sdn Bhd announced a new strategic collaboration with Yayasan Waqaf Malaysia (YWM) for the launch of the first waqf-featured exchange-traded fund (ETF) on Bursa Malaysia this year.

The Edge MarketsJun 12 04:32 ET

Kenanga Stays Neutral on Utilities, Names Tenaga as Top Pick

Kenanga Research has kept its neutral call on the utilities sector given its earnings defensiveness, modest growth prospects and decent dividend yields of between 3% and 6%, with its top pick being Tenaga Nasional Bhd (KL:TENAGA). "The sector's earnings delivery (against our forecasts) during the recently concluded 1QFY24 reporting season improved sequentially, with all the stocks under our coverage either meeting or beating our expectations," it added.

The Edge MarketsJun 12 02:01 ET

Sunway Construction Rises to Record High of RM3.87 as Data Centre Job Contract Value Soars to RM3.2 Billion

Shares of Sunway Construction Group Bhd (KL:SUNCON) charted another new all-time high on Tuesday after one of its data centre contracts was upsized to RM3.2 billion from RM1.7 billion.

The Edge MarketsJun 10 21:49 ET

With 36% Ownership, Kenanga Investment Bank Berhad (KLSE:KENANGA) Insiders Have a Lot Riding on the Company's Future

Yahoo FinanceJun 6 19:04 ET