Affin Hwang Investment Bank analyst Lim Jia Zhen has initiated coverage on Critical Holdings with a Buy call and a target price of RM1.20, implying a 41% potential upside. Lim highlighted the company’s exposure to structural growth tailwinds across the semiconductor and data-centre sectors, supported by rising E&E facility build-outs and growing mechanical, electrical and process utilities (MEP) opportunities as data halls progressively energise.