{
  "id": 7459157,
  "title": "RHB Research ups Kelington target price to RM11.70 after record RM1.83bil India deal",
  "url": "https://urgent.news/2026/09/15/rhb-research-ups-kelington-target-price-to-rm11-70-after-record-rm1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T03:21:31.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1533081/rhb-research-ups-kelington-target-price-rm1170-after-record"
  },
  "original_language": "en",
  "account": null,
  "summary": "RHB Research has increased Kelington Group Bhd's target price to RM11.70, up from RM10.50, following the company's record RM1.83 billion contract win in India. The new target price represents a 36% upside and an estimated dividend yield of around two percent. This contract involves the design, installation, connection, testing, and handover of manufacturing, laboratory, and support tools for two facility modules in a semiconductor fabrication plant in Gujarat, India. The win further solidifies Kelington's dominance in the Indian market, with an indicative pre-adjusted orderbook value of RM2.4 billion. RHB Research also raised its earnings forecasts for the rest of the fiscal year, citing strong order and tender book growth.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "India Gold price today: Gold steadies, according to FXStreet data",
        "url": "https://urgent.news/2026/09/15/india-gold-price-today-gold-steadies-according-to-fxstreet-data",
        "published": "2026-09-15T04:35:13.000Z"
      }
    ]
  },
  "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."
}