{
  "id": 6717298,
  "title": "Kimlun could bounce back to RM1.02 after steep sell-off",
  "url": "https://urgent.news/2026/09/11/kimlun-could-bounce-back-to-rm1-02-after-steep-sell-off",
  "topic": "world",
  "section": "World",
  "published": "2026-09-11T06:06:47.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1530457/kimlun-could-bounce-back-rm102-after-steep-sell"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Kimlun Corp Bhd could potentially recover to RM1.02 following its recent significant decline that pushed the stock into an oversold state, according to Hong Leong Investment Bank Bhd (HLIB). After experiencing a 38.9% drop from its yearly high of RM1.40 to 85 sen, the company reported a modest recovery, trading at 90 sen. Analysts view the present levels as an appealing acquisition opportunity, presenting a beneficial risk-reward scenario. A clear crossing above 92 sen (MA20) could potentially lead to a 95 sen (MA50 and downtrend resistance), with RM1.02 as the following major milestone, they noted in a report. Apart from the technical rebound, HLIB emphasized that Kimlun remains optimistic about its earnings prospects, bolstered by an unbilled construction orderbook valued at RM3.8 billion. With RM400 million-RM500 million in contract wins so far this year, the firm anticipates Kimlun's ability to achieve its RM800 million financial year 2026 replenishment goal. Near-term prospects are further supported by high-certainty factors, particularly the RM350 million Arden JB superstructure contract expected to be awarded this year. Given its strong presence in Johor and its expertise in elevated-structure projects, Kimlun is also well-positioned to secure subcontracting and precast supply packages from the upcoming Johor e-ART rollout, as HLIB pointed out. Overall, HLIB has retained a buy rating on Kimlun with a target price of RM1.94, favoring the company for its solid earnings visibility, driven by the RM3.8 billion orderbook, and its strategic position as a proxy for the thriving construction sector in Johor, Sarawak, and Singapore.",
  "summary": "KUALA LUMPUR: Kimlun Corp Bhd could rebound towards RM1.02 after its recent steep correction pushed the stock into deeply oversold territory, according to Hong Leong Investment Bank Bhd (HLIB).",
  "key_points": [
    "Kimlun Corp Bhd's stock dropped 38.9% from RM1.40 to 85 sen.",
    "Analysts see RM1.02 as major milestone after 90 sen trading.",
    "HLIB retains buy rating with RM1.94 target price."
  ],
  "editors_take": "Kimlun's potential recovery to RM1.02 signals a buying opportunity with a beneficial risk-reward scenario, driven by solid earnings visibility from its RM3.8 billion orderbook and strategic position in the construction sector.",
  "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."
}