ONE-stop provider of sustainable energy and engineering solutions, Kinergy Advancement Bhd (KAB) (formerly Kejuruteraan Asastera Bhd), has been profiled in the Bursa Blitz Compendium 2025, a Bursa Malaysia initiative showcasing companies recently re-classified under Bursa Malaysia’s newly unveiled renewable energy (RE) subsector.
The initiative serves as a research tool for investors, analysts and stakeholders by offering insights into the strategic, operational and financial implications of sector re-classifications.
For the record, Kinergy was re-classified into the renewable energy (RE) sector in January 2025 following its successful diversification from engineering into the energy segment, ie Sustainable Energy Solutions (SES).
In the Bursa Blitz Compendium 2025, Kinergy is highlighted for its:
- Record FY2024 performance: Revenue of RM244.8 mil and net profit of RM21.5 mil.
- SES momentum: Doubling revenue to RM123.5 mil, making SES the group’s primary earnings driver.
- Strong visibility: Unbilled order book of RM1.34 bil and tender pipeline of RM2.78 bil as of end-June 2025.
- Transformation strategy: On-going shift towards becoming a full-fledged independent power producer (IPP) with 27 on-going SES projects across Southeast Asia.
“Being featured in the Bursa Blitz Compendium 2025 re-affirms our transformation and credibility with the investor community and the market,” commented Kinergy’s group managing director Datuk Lai Keng Onn.
“The re-classification marks a measurable shift in our earnings profile, project pipeline, and long-term growth trajectory.”
Added Lai who is also Kinergy’s executive deputy chairman: “With SES now anchoring our results, our focus is clear – scale into an IPP and deliver sustainable return to our shareholders.”
Bursa Malaysia has acknowledged that the country’s RE landscape is gaining momentum, fuelled by various green initiatives – most recently, the awarding of LSS5+ (Large Scale Solar PETRA 5+) projects by the Energy Commission (EC).
“These developments are expected to build a robust project pipeline, create high-value jobs, and support the growth of Malaysia’s green economy,” added the local bourse.
At 2.51pm, Kinergy wss unchanged at 36.5 sen with 6.81 million shares traded, thus valuing the company at RM798 mil. – Sept 18, 2025
