Strong start for Kelington in achieving order replenishment target

Kenanga Research said the new contract would add to the group’s current outstanding order book of RM1.5bil.

PETALING JAYA: Kenanga Research is optimistic about Kelington Group Bhd’s (KGB) latest contract win worth RM143mil from China’s largest semiconductor foundry, describing it as a strong start towards achieving the research house’s targeted RM1bil order replenishment for 2024.

The research house said the new contract would be added to the group’s existing RM1.5bil outstanding order book, while its tender book remained elevated at more than RM2.1bil.