PETALING JAYA: Ranhill Utilities Bhd
’s stronger-than-expected results for its first quarter for financial year ending June 30, 2026 (1Q26) have prompted analysts to lift their earnings forecasts. Most research houses have turned more positive on water margins, data centre demand and the impact of the recent water tariff hike.
RHB Research said Ranhill’s 1Q26 core profit of RM29.9mil, up 113% year-on-year (y-o-y), exceeded its estimates and street consensus, comprising 58% and 41% of full-year projections, respectively, driven by stronger-than-expected margins and its water segment.
