KJTS Group Bhd has secured four new 20-year agreements with subsidiaries of Thailand’s Central Plaza Hotel Public Company Limited, locking in approximately RM47.8 million in contracted fixed fees as the engineering services group expands its recurring income base in Thailand.
The agreements, secured through its Thailand subsidiary KJTN Engineering Company Limited, cover retrofit works, operation and maintenance (O&M) services and chilled water supply for Centara Reserve Samui, Centara Hotel Hat Yai, Centara Grand Beach Resort Phuket and Centara Karon Resort Phuket.
KJTN Engineering will receive about THB393.8 million, or RM47.8 million, in fixed fees over the contract periods. Chilled water charges will be billed separately based on actual consumption, while the O&M portion of the fixed fees will be adjusted annually for Thai consumer price inflation.
The company will invest around THB92 million, or RM11.2 million, across the four chiller plants. The new contracts will raise the number of Centara properties served by KJTN Engineering in Thailand from three to seven, extending revenue visibility from the latest agreements through 2047.
KJTS Group Managing Director KC Lee said the new agreements marked an expansion of an existing relationship with Centara after the group demonstrated its capabilities across three earlier properties.
“We began with three properties, demonstrated what we could deliver, and that relationship has now grown to include another four hotels under 20-year agreements,” he said.
Under the latest projects, KJTN Engineering will install 1,700 refrigeration tons of new high-efficiency magnetic bearing centrifugal chillers, alongside upgraded pumps, motors, cooling tower capacity and plant control systems. The facilities will also feature live remote monitoring and continuous optimisation of cooling performance.
Retrofit works are scheduled to begin in September 2026 and conclude by February 2027, with O&M services and chilled water supply running from March 2027 to February 2047. The agreements are expected to contribute positively to KJTS Group’s earnings and net assets over their contract periods.
The contract wins come as KJTS records stronger regional growth. For the second quarter ended June 30, 2026, revenue doubled year-on-year to RM88.18 million, while pre-tax profit rose 110% to RM11.34 million. First-half revenue climbed 59% to RM144.09 million, with pre-tax profit up 76% to RM17.67 million.
