KUALA LUMPUR: Jati Tinggi Group Bhd remains confident in its business outlook, citing an outstanding orderbook of about RM1.1 billion despite recent weakness in its share price amid volatility in technology and data centre-related stocks.

The power infrastructure engineering group said there had been no material changes to its business operations or ongoing project execution arising from the recent market volatility.

It attributed the broader market uncertainty partly to concerns over global artificial intelligence (AI) infrastructure investments and financing requirements.

This has weighed on sentiment towards technology and data centre-related companies.