KJTS secures four 20-year Thailand hotel energy deals worth RM48m
KJTS Group's Thai subsidiary has secured four 20-year agreements with Centel subsidiaries for retrofit, O&M, and chilled water supply at four hotels in Thailand. The deals involve RM11 million in retrofit capex and are expected to generate RM48 million in fixed fees over the contract period. Kenanga Research has maintained its outperform call on KJTS and raised its target price to RM1.60.