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KLSE: KIMLUN       KIMLUN CORP BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.53 2.12     +0.59 (38.56%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
25/06/2018 1.36 1.61 +0.25 (18.38%) BUY AmInvest Price Target News
21/06/2018 1.38 1.85 +0.47 (34.06%) BUY Malacca Securities Price Target News
21/06/2018 1.38 1.66 +0.28 (20.29%) HOLD HLG Price Target News
21/06/2018 1.38 1.81 +0.43 (31.16%) BUY AmInvest Price Target News
07/06/2018 1.57 1.85 +0.28 (17.83%) BUY Malacca Securities Price Target News
07/06/2018 1.57 1.80 +0.23 (14.65%) BUY KENANGA Price Target News
07/06/2018 1.57 1.66 +0.09 (5.73%) HOLD HLG Price Target News
07/06/2018 1.57 1.81 +0.24 (15.29%) HOLD AmInvest Price Target News
31/05/2018 1.65 1.85 +0.20 (12.12%) HOLD Malacca Securities Price Target News
31/05/2018 1.65 1.80 +0.15 (9.09%) HOLD KENANGA Price Target News
31/05/2018 1.65 1.66 +0.01 (0.61%) HOLD HLG Price Target News
31/05/2018 1.65 1.81 +0.16 (9.70%) HOLD AMMB Price Target News
14/03/2018 2.08 2.55 +0.47 (22.60%) BUY KENANGA Price Target News
14/03/2018 2.08 2.65 +0.57 (27.40%) BUY HLG Price Target News
13/03/2018 2.10 2.65 +0.55 (26.19%) BUY AMMB Price Target News
28/02/2018 2.16 2.60 +0.44 (20.37%) BUY Malacca Securities Price Target News
28/02/2018 2.16 2.30 +0.14 (6.48%) HOLD KENANGA Price Target News
28/02/2018 2.16 2.65 +0.49 (22.69%) BUY HLG Price Target News
28/02/2018 2.16 2.65 +0.49 (22.69%) BUY AmInvest Price Target News
29/01/2018 2.25 2.40 +0.15 (6.67%) HOLD Malacca Securities Price Target News
29/01/2018 2.25 2.27 +0.02 (0.89%) HOLD KENANGA Price Target News
29/01/2018 2.25 2.65 +0.40 (17.78%) BUY HLG Price Target News


Price Target Research Article/News (past 6 months)
25/06/2018  AmInvest Kimlun Corporation - Flat top line and profits in FY18
21/06/2018  Malacca Securities Mplus Market Pulse - 21 Jun 2018
21/06/2018  HLG Kimlun Corporation - Second Construction Job Win
21/06/2018  AmInvest Kimlun Corporation - Secures RM53.5mil basic infrastructure job in Johor
07/06/2018  Malacca Securities Mplus Market Pulse - 7 Jun 2018
07/06/2018  KENANGA Kimlun Corporation - Two New Projects
07/06/2018  HLG Kimlun Corporation - Lands 2 contract wins
07/06/2018  AmInvest Kimlun Corporation - Secures RM225mil contracts
31/05/2018  Malacca Securities Kimlun-Corporation-Bhd - Indifferent Performance Ahead
31/05/2018  KENANGA Kimlun Corporation - 1Q18 Below expectations
31/05/2018  HLG Kimlun Corporation - Dragged by manufacturing
31/05/2018  AMMB Kimlun Corporation - A soft patch in 1QFY18
14/03/2018  KENANGA Kimlun Corporation - Ride the Rail
14/03/2018  HLG Kimlun Corp - Looking at An Improved Year
13/03/2018  AMMB Kimlun Corporation - Strong earnings visibility
28/02/2018  Malacca Securities Kimlun-Corporation-Bhd - Raised Expectations
28/02/2018  KENANGA Kimlun Corporation - FY17 Above Expectations
28/02/2018  HLG Kimlun Corporation - Strong 4Q Recovery
28/02/2018  AmInvest Kimlun Corporation - FY17 net profit down 16%, but prospects remain strong
29/01/2018  Malacca Securities Mplus Market Pulse - 29 Jan 2018
29/01/2018  KENANGA Kimlun Corporation - Adding More Bukit Raja Lands
29/01/2018  HLG Kimlun Corporation - More Landbanking



  9 people like this.
 
Yu_and_Mee not so good choice
30/11/2017 23:17
HengHuatOng Thanks for the profitable ride. Signing off. Tq
05/12/2017 15:04
Patrick13 HLIB Research sees recovery for Kimlun in FY18

Hong Leong Investment Bank (HLIB) Research is retaining its Buy call for construction company Kimlun Corporation with a target price of RM2.65.

It said on Thursday although it forecasts earnings to decline by 22% this year, it is positive on a recovery in FY18 (+20%) underpinned by its strong job wins leading to a record high orderbook.

“Our TP of RM2.65 is based on an 11 times price-to-earnings (P/E) multiple ascribed to FY18 earnings (mean: 12 times),” it said.

On Wednesday, Kimlun announced it was buying from UEM Sunrise (UEMS) 11.734 hectares of freehold agriculture land from the latter for RM82.1mil.

The land is within Iskandar Puteri and is near Horizon Hills, Eco Botanic and Taman Nusa Sentral. It is roughly 5km (by road) north-west of Kota Iskandar. The land has been zoned for commercial use and Henry Butcher Malaysia has appraised the land at RM83mil.

“The pricing for the land works out to be RM65psf. Our property analyst feels that this may be on the high side when compared to the recent transacted price of RM43.4psf when UEMS sold a parcel of land to Country View. It is nonetheless noted that the land that Kimlun is buying is much smaller in size.

“Kimlun intends to develop commercial properties on the said land but no further details were given,” it said.

HLIB Research said as of 3Q17, Kimlun’s net gearing was low at 5.5%. On a proforma basis, the land purchase would increase its net gearing to 19.6% which the research house deemed as manageable.

“As of 9M17, property contributed a minimal 2.5% to revenue. Kimlun has thus far only undertaken two developments, with take up rate at 90% for The Hyve (launched 2012) and 50% for Pekan Nenas (launched 2015),” it said.

https://www.thestar.com.my/business/business-news/2017/12/21/hlib-research-sees-recovery-for-kimlun-in-fy18/
21/12/2017 20:51
Patrick13 Seems like Kimlun is looking good on Johor future prospects.
Establish 3 new subsidiaries: Kii Morris S/B, Kii Ashbury S/B and Kiiville S/B and buy 3 new lands so far in this month. Of course it won't give quick return in recent years. This is talking about 5-10 year investment. Currently Kimlun almost completed on-hand property projects (eg. The Hyve and Pekan Nanas).
29/12/2017 08:41
Uncle Lim Only 4 stocks are picked by more than 7x in 2018 Stock pick of the year! Two of them are Dnex and Hibiscus!
http://klse.i3investor.com/m/blog/stock_pick_2018/142894.jsp
03/01/2018 08:54
luckyman http://cdn1.i3investor.com/my/files/dfgs88n/2018/01/16/1507091895--1262452000.pdf
16/01/2018 21:09
Patrick13 Kimlun Corporation, a Malaysian construction and engineering firm, said Friday it plans to buy 47 plots of vacant land and 30 houses for a combined 68.41 million ringgit ($17.65 million).

The company plans to carry out enhancements on the houses, and build bungalow units on the land if the proposed acquisition goes through, Kimlun said in an exchange filing. The properties, located in Shah Alam, Selangor, have a combined land area of 81,854 square meters, it said.

The proposed acquisition provides an opportunity to increase the size of its land bank in strategic location in order to enhance its future revenue and earnings, Kimlun said. The acquisition is expected to be completed by the end of first quarter of 2020, it added.
26/01/2018 22:56
Icon8888 https://klse.i3investor.com/blogs/icon8888/149107.jsp
01/03/2018 10:37
newbie4444 After Q4 follow by poor Q1. Sell. RM 2 coming.
03/03/2018 19:13
Myeye steady ~.~
05/03/2018 10:10
Patrick13 https://www.thestar.com.my/business/business-news/2018/03/13/kimlun-eyes-rm600mil-to-rm900m-construction-jobs-in-fy18/
13/03/2018 20:34
Muarmali Sarawak project is slow. TP: below RM2.00
14/03/2018 11:59
Muarmali Kenanga staff must fly to Sarawak before setting TP at RM2.55
14/03/2018 12:02
Patrick13 Been told that Kimlun does not have intention to bid for Sabah Pan Borneo Highway. Instead, will be interesting which company will be awarded for this tender?

http://www.theedgemarkets.com/article/pan-borneo-highway-job-awards-out-soon
02/04/2018 13:07
sell TP RM 1.5 next. Sell.
05/04/2018 22:50
winmxaa Sold
06/04/2018 21:44
4444 Where are the idiots incl ks55, Icon888? Still think can up? Why not below RM 1?
17/05/2018 11:07
4444 W 15% premium. Why not 0% premium?
17/05/2018 11:08
624298991 warrant kena sell down like nobody!
17/05/2018 22:14
reiki6 do anyone can clarify on recent mega govt projects which were scrapped such as HSR, MRT3, etc.. that involved Kimlun?
31/05/2018 12:26
reiki6 thks live168 :)
31/05/2018 15:57
Patrick13 The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, SPC Industries Sdn Bhd had accepted the letter of award from M+W Singapore Pte Ltd for the supply and delivery of pre-cast concrete building components for Singapore Dollar 27.00 million ("the supply contract").

The supply and delivery of the components is expected to be completed by end of December 2018.

The Company does not foresee any exceptional risk other than operational risks associated with the supply contract.

The supply contract is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial year during the supply period.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the supply contract.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1064346
06/06/2018 20:07
Patrick13 The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the award of a RM144.10 million construction contract from Focus Ace Construction Sdn Bhd to design and build roads and interchange in Johor Bahru, Johor ("the Project").

The construction work is expected to be completed by end of October 2020.

The Project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above contracts.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1064344
06/06/2018 20:07
Patrick13 Researcher house and analysts are seriously underestimate construction counter including Kimlun.
06/06/2018 20:08
tayboonchee why suddenly drop?
08/06/2018 15:54
tayboonchee any info?
08/06/2018 15:55
Parkson8888 Can you trust IB with keep changing TP from abv RM 2 and latest RM 1.8-1.85?

tayboonchee why suddenly drop?
08/06/2018 15:54
08/06/2018 23:00
Parkson8888 Kenanga TP RM 2.65 and latest RM 1.8 why dif 85 sen in 6 months?
http://klse.i3investor.com/servlets/ptg/5171.jsp
08/06/2018 23:03
Parkson8888 I see TP below RM 1 likely bec next 5 years PH govn will try to cut govn RM 1 trillion debts.
09/06/2018 03:28
dompeilee Bought back some KimLun @ 1.50 after selling my original stake bought @ 1.29 in 2015 for 1.85 & 2.11 in '16-'17.
11/06/2018 09:36
ray1980 Gst was abolished.Sst will coming.The cost of material will lowest.And they have new project on hand.And they still tender another project now.Don't worry, everything will be fine!Relax....
13/06/2018 07:48
ray1980 Not government projects can tender only.Private sector give project to open tender also.
13/06/2018 07:53
ray1980 If possible down to RM1,I propose 1.30×1 time,1.20×1time......If u have 10k la.This is example.Don't all in on one time.
13/06/2018 08:03
shinshin12 wat happen huh @@ keep dropping..my avg price 1.52 >< gosh
14/06/2018 10:22
ray1980 If u can not wait.When rebound up to 1.60 or 1.62,u can sell out with earning 0.10<>.Because u avg buy 1.52.This is my propose.
14/06/2018 10:31
cheated Still want to cheat? If no new order books come in current order books will dry very fast in 1-2 years leaving 0 order books in 2 years.
14/06/2018 23:55
cheated Don't ever trust IBs' staffs. They never see era where 0 or minimal construction order books if PH govn is serious is cutting RM 1 trillion govn debts. Already 1 mth PH in power what new project/s have they carried out so far?
15/06/2018 00:02
ray1980 Don't so negative thinking.Small projects from both of government n private will given.And don't thinking every year, every month,every day have big projects to bid.Can not die if company
can tender project from foreign countries like Singapore,Thailand, Indonesia n others.Why we want to focus on Malaysia market only?
15/06/2018 07:43
Anti_debt LGE how to cut M'sia RM 1 trillion debts? Can they continue BN way?
19/06/2018 13:58
CUTLOSS Run asap. Below RM 1 coming.
20/06/2018 09:48
Patrick13 The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the award of a RM53,478,000 construction contract from Nusajaya Rise Sdn Bhd for the execution and completion of earthworks, road and drainage and other ancillary site works for Gerbang Nusajaya Development, Mukim Tanjung Kupang and Pulai, Daerah Johor Bahru, Johor ("the Project").

The construction work is expected to be completed by end of April 2019.

The Project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above contracts.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1067175
20/06/2018 19:39
Hope88 how lower it can go?
21/06/2018 10:06
ray1980 Hope88,never low n never high.U can q buy or buy every 0.10 to avg share when down or up! Don't all in at one time.The formula for long time investment.
21/06/2018 10:14
Hope88 ray1980 thanks, got so many need to avg, really bad time now
21/06/2018 15:49
Patrick13 Kimlun expects earnings growth to be flat in FY18

Kimlun Corp Bhd is expecting flat top- and bottomline growth in the financial year ending Dec 31, 2018 (FY18), amid uncertainties such as the escalating global trade war between China and the US.

Speaking to reporters after its annual general meeting here today, its chief executive officer Sim Tian Liang explained that the company is cautious about costlier fuel and steel prices as well as higher wages.

Nevertheless, he noted that the zero-rated goods and services tax (GST) will enable the company to see some savings.

"We are hopeful that the new government will take the economy to greater heights, with more transparency and open tenders," Sim said, when asked about his outlook on the construction industry.

He added that the open tender will enable more construction companies to compete equally based on merit.

Kimlun is an engineering and construction services provider specialising in infrastructure and building construction, project management, industrial building systems (IBS) and manufacture of concrete products.

For the first quarter ended March 31, 2018 (1QFY18), the construction company saw its net profit decline 17.78% to RM12.65 million from RM15.38 million a year ago. This was despite revenue rising 29.82% to RM220.93 million, from RM170.18 million in 1QFY17.

As at 1QFY18, its orderbook stood at RM1.94 billion which would keep the company busy for the next two years.

At 5pm, shares of Kimlun closed three sen or 2.16% lower at RM1.36 for a market capitalisation of RM445.67 million.

http://www.theedgemarkets.com/article/kimlun-expects-earnings-growth-be-flat-fy18
22/06/2018 21:00
ray1980 Kimlun (5171) -5 years technical chart showing perfect Strom will be complete on 1.00 to 1.10.If holding power r strong,u guy can collect it then waiting next perfect high peak coming on next few years.
24/06/2018 11:42
Patrick13 https://themalaysianreserve.com/2018/07/06/govt-ends-zecons-contract-for-petra-jaya-hospital/

It makes me worry about Kimlun-Zecon JV for the Pan Borneo Highway whether is Zecon capable enough to complete the project on time?
07/07/2018 21:12
08/07/2018 15:35
Patrick13 目标价:1.45令吉最新进展

金轮企业(KIMLUN,5171,主板建筑股)今年至今共赢得3亿1000万令吉的建筑合约,以及1亿5000万令吉的制造订单。

全年的建筑订单目标位6亿至8亿令吉。

行家建议

我们认为,金轮企业的全年建筑订单目标可期,接下来可能会有更多政府和私人界可负担房屋的合约。

在砂拉越泛婆罗高速大道工程配套方面,已经完成30%的进度,相信会继续,惟不明确的是整个项目成本可能会被重新评估。

在制造业方面,巴生谷捷运第二路线的一些配套暂停,影响首季业绩表现,但在次季已经开始复工,预计下半年会有显著的复苏。

目前,所赢得的制造订单总额已经超越先前1亿2000万令吉的目标,该公司因此将目标提高至2亿令吉,因有信心能获得新加坡地铁和深隧道排水系统(DTSS2)项目。

我们目前维持财测,但是将金轮企业的目标价,从1.70令吉调低至1.45令吉,以反映该领域不明确的前景。
12/07/2018 14:16
Patrick13 From 1.27 to 1.48 within a month. Share price is moving up fast.
19/07/2018 12:59


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