SUSTAINABLE energy & engineering solutions specialist Kinergy Advancement Bhd (formerly Kejuruteraan Asastera Bhd/KAB) is upbeat on its outlook and strategic advancements which are in line with Malaysia’s renewable and sustainable energy initiatives.
Reflecting insights from a research report by Datametrics Research and Information Centre (DARE), KAB is driving forward with transformative projects that align with Malaysia’s National Energy Transition Roadmap (NETR) and National Energy Policy (NEP).
KAB’s application of sustainable technologies in real-world scenarios has led to tangible successes. A prime example is its project for Safran Group, an esteemed aerospace company, at its sole Malaysia subsidiary in Sendayan, Seremban.
The waste heat recovery (WHR) initiative led to substantial energy savings at the facility. This project not only highlights KAB’s expertise in energy-efficient solutions but also cements its reputation as an ASEAN leader in green technology.
KAB’s adoption of these technologies – along with its recent bioenergy partnership with Agromate Holdings Sdn Bhd – exemplifies the group’s proactive approach to addressing Malaysia’s renewable energy (RE) requirements and contributing to the global shift towards sustainable energy.
In fact, KAB’s array of sustainable projects demonstrates its alignment with these insights, proving that environmental sustainability can co-exist with economic benefits and investment returns.
“Aligning with the insights from the research report, we are more confident than ever in our mission to push innovation forward in the renewable energy sector,” commented group managing director Datuk Lai Keng Onn.
“Our projects and initiatives are not just business strategies; they are our contributions to the global energy shift towards a sustainable future for Malaysia and beyond.”
Added Lai who is also KAB’s executive deputy chairman: “This alignment with national and global energy goals propels us to continue our journey in sustainable energy, thus ensuring that our growth is both environmentally responsible and economically viable.”
Effective today (Dec 18), KAB proudly joins the FTSE4Good Bursa Malaysia (F4GBM) Index. Coupled with its achievement of a three-star ESG Rating for two consecutive years (2021 and 2022), this inclusion and a full listing is expected very soon from FTSE Russell for 2023.
This underscores KAB’s commitment to environmental, social, and governance (ESG) principles, hence showcasing its strong performance in sustainability and responsible business practices within the RE sector.
As it is, KAB’s direction is clear – to lead in the transition to sustainable energy while maintaining robust economic growth. This positions KAB as an attractive prospect for investors looking to contribute to sustainable development.
With a strong foundation in engineering sustainable energy technologies and a keen focus on innovative solutions, KAB is poised for significant growth in the years to come.
At the close of today’s trading, KAB was up 1 sen or 2.74% to 37.5 sen with 18.77 million shares traded, thus valuing the company at RM729 mil. – Dec 18, 2023
