Lianson Fleet Group Strengthens Regional Growth with Vietnam Port Acquisition

KUALA LUMPUR, Oct 21 — Lianson Fleet Group (LFG) is set for stronger regional growth following its Vietnam port acquisition, positioning it as a key player in the ASEAN offshore wind and power infrastructure space. The acquisition marks a strategic foothold in southern Vietnam’s emerging offshore wind energy corridor, complementing the World Bank–Asian Development Bank ASEAN Power Grid Financing Initiative valued at US$12.5 billion (RM53 billion).

Lianson Fleet Group

These developments enhance project bankability and open new opportunities linked to regional energy connectivity. Supported by a solid balance sheet and RM186 million in disposal gains year-to-date, LFG is expected to evolve into a leading ASEAN infrastructure enabler. With execution visibility improving and funding access strengthened, the group is well-positioned to capture multi-year growth from Vietnam’s accelerating renewable energy and infrastructure investments. Analysts maintain a “Buy” call with a higher target price of RM3.00 per share, indicating a 36% upside potential.

“Maintain BUY with a higher TP of RM3.00/share (post-full warrant conversion, +36% upside) from RM2.40/share previously as we raise our infra optionality by 15%, driven by two key developments,” Ambank Research says. _ Photo: Illustration Pursposes Only

Business News