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KJTS Group Bhd fell 25.2% to 84.5 sen today, triggering Bursa Malaysia to suspend intraday short selling.
Trading volume surged to 7.13 million shares, over seven times its four-week average.
On Monday, KJTS signed a collaboration agreement with China Construction Yangtze River (Malaysia) Sdn Bhd to pursue regional data centre projects in Thailand, Singapore, and Turkey, covering EPCC of cooling systems and energy management.
Newparadigm Research in its recent note said securing sizable projects overseas could re-rate the stock.
It maintained a Trading Buy rating with a target price of RM2.00 on KJTS, citing regional expansion and recurring cash flow potential as key growth drivers. — TMR
The post KJTS shares plunge, short-selling suspended appeared first on The Malaysian Reserve.
