KWAP entry into district cooling JV to empower KJTS project pipeline

Kenanga Research left forecasts unchanged pending clearer visibility on project rollout.

PETALING JAYA: KJTS Group Bhd’s near-term outlook remains anchored by stronger funding capacity and a wider project pipeline after the entry of Retirement Fund (Inc) or KWAP into its district cooling joint venture (JV).

According to Kenanga Research, the move will materially strengthen the group’s long-term recurring earnings profile.