Ranhill set for growth from water and DC demand

RHB Research said for the sixth-quarter results for financial year 2025, Ranhill has not secured new jobs under its services arm.

PETALING JAYA: RHB Research believes the National Non-Revenue Water Programme, which could be implemented from 2025 to 2030 with a RM2.5bil allocation, will be a catalyst for Ranhill Utilities Bhd.

“Ranhill may benefit from this via its subsidiary Ranhill Technologies (under the consultancy and services arm), which has clinched water projects beyond Johor – namely the RM61.5mil job to replace old pipes in Kelantan covering a total length of 103km, which was secured in March 2022,” it said in a note.