Sarawak’s infrastructure growth to boost KKB Engineering

RHB Research said KKB Engineering is expected to benefit strongly from Sarawak’s own RM10.8bil development expenditure for 2025.

PETALING JAYA: KKB Engineering Bhd’s prospects are expected to be buoyed by its order book and better contributions from projects moving forward.

RHB Research said the steel fabrication company’s core earnings of RM15.8mil for the first nine months of the year (9M24) had missed its estimates, coming at 63% of full-year projections, partly on a higher-than-expected portion of non-controlling interests (NCIs).