KELINGTON GROUP BERHAD

Kelington Group’s Q1 net profit climbs 14% to RM30.39 m, thanks to a 30% margin and cost cuts, while a new RM413.7 m contract boosts its order book to RM1.92 bn.

Kelington Group Berhad has announced a Memorandum of Understanding to develop a 2-megawatt green hydrogen production hub in Malaysia, marking a significant step towards diversifying its business into the clean-energy sector.

Kelington Group Berhad’s financial indicators suggest a need for caution, with a high P/E ratio and stock price volatility raising concerns about the company’s market valuation and long-term stability.