{
  "id": 5288578,
  "title": "Kenanga raises KJTS earnings forecasts on new Thailand cooling contracts",
  "url": "https://urgent.news/2026/09/03/kenanga-raises-kjts-earnings-forecasts-on-new-thailand-cooling",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T08:56:48.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1525016/kenanga-raises-kjts-earnings-forecasts-new-thailand-cooling"
  },
  "original_language": "en",
  "account": "KENANGA INVESTMENT BANK has increased its forecasts for KJTS Group Bhd due to new cooling contracts in Thailand. The financial institution raised earnings forecasts for the fiscal years 2026 and 2027 by 2% and 5%, respectively, following the signing of four 20-year agreements. These contracts involve retrofitting cooling systems and providing operation and maintenance services to four Central Plaza Hotel subsidiaries in Thailand. Analyst Tan Sue Wen highlighted that these agreements would bolster KJTS' recurring income with a 20-year tenure and expand the company's energy services footprint in the country.",
  "summary": "KUALA LUMPUR: KJTS Group Bhd's latest cooling contracts in Thailand have prompted Kenanga Investment Bank Bhd (Kenanga IB) to raise its earnings forecasts for the company, citing stronger recurring income from the 20-year agreements.",
  "key_points": [
    "Kenanga raises KJTS earnings forecasts for 2026 and 2027.",
    "Four 20-year cooling contracts signed in Thailand.",
    "Contracts boost recurring income and expand energy services."
  ],
  "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."
}