Sarawak’s infrastructure wave to benefit KKB

RHB Research said a medium-term catalyst would be the rollout of the second phase of the Sarawak Water Supply Grid Programme in the first half of 2024.

PETALING JAYA: KKB Engineering Bhd, which saw a significant jump in its net profit in the third quarter ended Sept 30, 2023 (3Q23), is poised to secure more jobs in Sarawak given its track record, backed by its strategic shareholder, the Sarawak Economic Development Corp.

According to RHB Research in its note yesterday, KKB’s role as the primary contractor for price agreement for the engineering, procurement and construction of standard wellhead platforms for Sarawak Shell and Sabah Shell Petroleum gives it better chances of securing more oil and gas (O&G)-related jobs.