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“We estimate a total addressable market of RM41 billion for Malaysia’s cooling energy space, where KJTS is well positioned to capture the cusp of this structural uptrend, just like solar stocks in their breakout rally,” said Kenanga, which initiated coverage of the stock with a target price of RM2.12. https://theedgemalaysia.com/node/765185
KUALA LUMPUR: RHB Research has reaffirmed its BUY recommendation on Ranhill Utilities Bhd, raising its target price (TP) to RM1.70 from RM1.37, implying a 26 per cent upside.