{
  "id": 14184854,
  "title": "Jati Tinggi banks on RM1.1bil orderbook amid share price weakness",
  "url": "https://urgent.news/2026/10/13/jati-tinggi-banks-on-rm1-1bil-orderbook-amid-share-price-weakness",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-13T10:47:22.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1554618/jati-tinggi-banks-rm11bil-orderbook-amid-share-price-weakness"
  },
  "original_language": "en",
  "account": "Jati Tinggi Group Bhd remains optimistic about its future despite a recent decline in its share price. The company boasts an outstanding orderbook valued at approximately RM1.1 billion, which provides visibility into its earnings over the next three years. This outlook supports the company's focus on project delivery and business growth.\n\nThe power infrastructure engineering firm noted that there have been no significant changes to its operations or ongoing projects due to recent market volatility. The uncertainty in the market is attributed, in part, to concerns regarding global artificial intelligence (AI) infrastructure investments and financing requirements. These concerns have negatively impacted sentiment towards technology and data centre-related companies, leading to a sharp decline in Jati Tinggi's share price.\n\nJati Tinggi's shares plummeted as much as 29% during early trading, halving in value since the beginning of the year. The stock opened at RM1.40 but dropped to RM1.00, nearing the limit-down level of 98 sen. The shares were suspended from intraday short selling due to the significant decline. However, the shares managed to recover, closing 7.14% lower at RM1.30, resulting in a market capitalisation of RM575.81 million.\n\nThe company's orderbook is expected to provide earnings visibility for the next three years, reinforcing its commitment to project execution and business development. The power infrastructure sector in Malaysia is projected to benefit from continued investment in grid expansion and modernization, as well as increasing electricity demand from data centers, industrial developments, and renewable energy integration. Tenaga Nasional Bhd (TNB) has allocated RM42.8 billion in capital expenditure under Regulatory Period 4 (RP4), providing a significant investment backdrop for the country's electricity supply infrastructure.\n\nJati Tinggi plans to continue executing existing projects on schedule while enhancing its capabilities to capitalize on opportunities arising from Malaysia's ongoing power infrastructure development.",
  "summary": "KUALA LUMPUR: Jati Tinggi Group Bhd remains confident in its business outlook, citing an outstanding orderbook of about RM1.1 billion despite recent weakness in its share price amid volatility in technology and data centre-related stocks.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}