TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
JBB Builders International Ltd. ( (HK:1903) ) has provided an announcement.
JBB Builders International Ltd. has announced the formation of a joint venture with a subsidiary of Samaiden Group Berhad to develop a large-scale solar photovoltaic plant in Segamat, Johor, Malaysia. The project, which has been shortlisted by the Energy Commission of Malaysia, involves a capital injection of up to RM65 million by JBB Builders and is expected to commence operations by February 2028. This strategic move positions JBB Builders to expand its footprint in the renewable energy sector, potentially enhancing its market presence and offering long-term benefits to stakeholders.
The most recent analyst rating on (HK:1903) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on JBB Builders International Ltd. stock, see the HK:1903 Stock Forecast page.
More about JBB Builders International Ltd.
JBB Builders International Ltd., incorporated in the Cayman Islands, operates in the construction industry. The company focuses on large-scale infrastructure projects and is involved in the development of solar photovoltaic plants through its subsidiary, JBB Builders (M) Sdn. Bhd.
Average Trading Volume: 202,566
Technical Sentiment Signal: Buy
Current Market Cap: HK$970M
Find detailed analytics on 1903 stock on TipRanks’ Stock Analysis page.