In a research note on Tuesday, Phillip Research said the target price implies an 85.7% upside or nearly double its current price. “Structural tailwinds from rising data centre development, growing electricity demand and accelerating grid modernisation provide a strong multi-year growth runway for CBH,” the note said. Phillip Research estimates a RM5 billion to RM7 billion addressable market opportunity in substation projects over the next five years, supported by an estimated 5GW data centre pipeline. The research house noted that data centres are highly power-intensive and require reliable, large-scale electrical infrastructure, including redundant substations, high-voltage transmission lines and grid reinforcements. On earnings, the research house forecasts net profit to rise from RM48 million in FY2025 to RM79.4 million in FY2026, before climbing further to RM95.3 million in FY2027 and RM115 million in FY2028.

Source: The Edge Markets April 07, 2026 02:52 UTC