Stock Price Target

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Last Price Avg Target Price   Upside/Downside Price Call
2.18 2.49     +0.31 (14.22%)
* 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
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
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
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
29/12/2017 2.28 2.27 -0.01 (0.44%) HOLD KENANGA Price Target News
21/12/2017 2.25 2.27 +0.02 (0.89%) HOLD KENANGA Price Target News
21/12/2017 2.25 2.65 +0.40 (17.78%) BUY HLG Price Target News
30/11/2017 2.30 2.40 +0.10 (4.35%) HOLD Malacca Securities Price Target News
30/11/2017 2.30 2.27 -0.03 (1.30%) HOLD KENANGA Price Target News
30/11/2017 2.30 2.64 +0.34 (14.78%) BUY AMMB Price Target News

Price Target Research Article/News (past 6 months)
14/03/2018  KENANGA Kimlun Corporation - Ride the Rail
14/03/2018  HLG Kimlun Corp - Looking at An Improved Year
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
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
29/12/2017  KENANGA Kimlun Corporation - Two New Pieces of Pocket Land
21/12/2017  KENANGA Kimlun Corporation - Acquisition of Iskandar Land
21/12/2017  HLG Kimlun Corporation - Snaps Up Iskandar Land
30/11/2017  Malacca Securities Kimlun Corporation Bhd - Earnings Sapped By Higher Cost
30/11/2017  KENANGA Kimlun Corporation - 9M17 Below Expectations
30/11/2017  AMMB Kimlun Corporation - 9MFY17 net profit declines 23% YoY

  9 people like this.
cheap1 RM 1.2 safer. I think Mr Pang Tin also agree.
29/06/2017 05:27
Patrick13 Kimlun Corp is a must-own construction stock, given its exposure to the MYR80bn Klang Valley Mass Rapid Transit (MRT) project and recently-secured Pan Borneo Highway project. Kimlun is also aggressively tendering for various infrastructure projects and low-rise developments, which should improve overall margins if secured.

RHB TP: RM2.57
05/07/2017 12:07
Evolution4 cheap1 , u try wait and see when it can reach Rm1.2, it wont happen, at least at near term, i am confident it will hit 2.50 if the coming result is good
19/07/2017 23:17
Myeye ~.~
20/07/2017 16:40
Parttimer wth happened this morning???????????
24/07/2017 09:44
Bizfuneng Kimlun.....it is bouncing within this range for past few months. Where go move?
27/07/2017 23:46
luckyman AllianceDBS' target price for Kimlun: RM3.06

15/08/2017 21:52
Myeye ~.~
21/08/2017 09:07
Patrick13 http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5171
29/08/2017 17:52
Patrick13 Revenue, profit and EPS all dropped. But GP/PBT/PAT margin still can maintain. That's mean the management do a good job on that. With the construction order on hand of RM1.98 billion and manufacturing order on hand of 320 million, it shall be enough for the Group to busy in next 2-3 years. Despite construction & manufacturing is softening growth this FY, but surprise that property development is able to contribute profit which higher than last 2 years.
29/08/2017 17:58
luckyman Prospects For 2017 (Extract from its latest quarterly report)

The Group has an estimated construction and manufacturing balance order book of approximately
RM1.98 billion and RM0.32 billion respectively as at 30 June 2017, contributed by numerous
construction contracts and supply contracts. The balance order book provides a good earnings
visibility to the Group and is expected to keep the Group busy for the next 2 years.

The Board is optimistic that the construction sector of Malaysia and Singapore will continue to be
vibrant in 2017, thus offer order book replenishment prospects.
29/08/2017 18:06
Patrick13 The completed Hyve SOHO and offices development in Cyberjaya, Selangor, and the Taman Puteri
residential development in Pekan Nenas, Johor, with total unsold stocks worth RM47 million will
continue to contribute to the Group’s revenue in 2017 with further sales. There is no other on-going
development carry out by the Group on its land bank totalling 155 acres.

Assuming property development profit margin at least 10%, that's mean this RM47 million can contribute about RM4.7 million pre-tax profit in next 2 quarters.
30/08/2017 13:42
Red_Apollo Why now RM 2.14 and not 2.5?

Evolution4 cheap1 , u try wait and see when it can reach Rm1.2, it wont happen, at least at near term, i am confident it will hit 2.50 if the coming result is good
19/07/2017 23:17
04/09/2017 03:09
Red_Apollo Why IBs' TP adjust lower and lower? Very low standard analysis.
04/09/2017 03:11
Evolution4 lol red apollo, my target price havent hit, but that psycho said 1.20 is reasonable price, lol is that gonna be realise in near term?
07/09/2017 19:24
Patrick13 http://www.malaysiastock.biz/Company-Announcement.aspx?id=1000168
15/09/2017 17:58
luckyman http://klse.i3investor.com/blogs/MplusOnline/131319.jsp

All in all, its construction orderbook => RM 2.2 Bil ????
15/09/2017 20:54
Patrick13 Let's me summarise contracts won in FY2016 and FY2017 so far:
10/3/16 - RM1,461 mil (Pan Borneo, target completed by Mar 2020)
29/3/16 - RM200 mil (SBG MRT2, target completed by Nov 2019)
27/4/16 - RM98 mil (housing construction in Plentong, target completed by Jul 2018)
23/5/16 - RM166 mil (5 blocks construction in Petalling, target completed by Apr 2019)
29/11/16 - RM53 mil (tunnel segment linings for MRT2, target completed by Sep 2019)
Total new orders replenished in FY2016 = RM1,978 mil

8/5/17 - RM263 mil (MBJB construction in JB, target completed by Oct 2019)
15/9/17 - RM215 mil (2 blocks of condo construction in Plentong, target completed by Jun 2020)
Total new orders replenished so far in FY2017: RM478 mil

If further breakdown by year:
FY2018: RM98 mil
FY2019: RM682 mil
FY2020: RM1,676 mil
3 years total contracts contribution: RM2,456 mil~

And there's still have 4 months plus in FY2017 to allow Kimlun further replenish the new orders within RM600-800 mil annual target.
15/09/2017 22:51
Red_Apollo 2017 new orders way too low. Enough for 2 quarters revenue. Meaning pay employees 2 qtr out of 4 qtrs a year?

8/5/17 - RM263 mil (MBJB construction in JB, target completed by Oct 2019)
15/9/17 - RM215 mil (2 blocks of condo construction in Plentong, target completed by Jun 2020)
Total new orders replenished so far in FY2017: RM478 mil
17/09/2017 16:01
Red_Apollo Poor new orders reflected in this year QR. Below RM 2 coming?
17/09/2017 16:09
Patrick13 http://www.thestar.com.my/business/business-news/2017/09/18/aminvest-research-ups-kimlun-fair-value-to-rm2pt76/
18/09/2017 13:10
Patrick13 Based on Bursa announcement, they officially published 2 contracts been awarded totalling RM477.8.m so far in FY2017. However Aminvestment Research said that Kimlun YTD construction jobs win to RM820m, surpass annual target of RM700m for FY2017.
18/09/2017 13:34
Patrick13 http://www.theedgemarkets.com/article/mah-sing-gets-kimlun-build-connecting-road-%C2%A0meridin-east-highway
28/09/2017 16:29
Patrick13 Another RM50 million building contract begged from Mah Sing group.
28/09/2017 16:30
Whey Whey 目标价:2.70令吉


这项工程将在明年首季动工,预计2020年竣工。这条衔接道路距离马星集团的Meridin East项目仅1公里。







30/09/2017 17:48
Patrick13 http://www.malaysiastock.biz/Company-Announcement.aspx?id=1006040

Incorporation of new subsidiary
12/10/2017 17:22
BigThinkers How come so low volume on KimLun....
18/10/2017 11:14
Patrick13 Get used to it. Kimlun is very low profile counter.
25/10/2017 12:02
lai81533 target rm2.80
25/10/2017 17:43
luckyman We maintain our forecasts, FV of RM2.76 and BUY call, following an analyst briefing yesterday. Our FV is based on 12x FY18F FD EPS, in line with our 1-year forward target PE of 10-12x for small-cap construction stocks.

YTD, Kimlun’s construction division has bagged about RM0.9bil new jobs, boosting its balance order book to approximately RM2bil (including the RM50mil Tanjung Langsat–Cahaya Masai Toll connecting road contract awarded by Mah Sing announced yesterday). Kimlun believes it should end FY17F with total job wins of about RM1bil, vs. RM1.4bil it secured in FY16.

For FY18, Kimlun is mixed on the prospects of construction job wins. While it is confident of securing about RM500mil worth of government-funded affordable housing projects (such as PR1MA and Selangorku), it is cautious on the private property sector (given the still soft property market) and the public infrastructure sector (given the unpredictability of the actual timing of the rollout of key infrastructure projects including the East Coast Rail Link and KL-Singapore High-Speed Rail).

We have raised our assumption for construction job wins in FY17F to RM1bil (from RM900mil), which is offset by higher interest expenses arising from higher capex of RM60mil and RM30mil in FY17-18F as guided (vs. our assumption of RM15mil annually), largely to facilitate the execution of the RM1.46bil Pan Borneo Sarawak contract. For FY18-19F, we maintain our assumption for construction job wins at RM700mil annually.

Meanwhile, its manufacturing order backlog remains elevated at RM320mil (vs. RM260mil six months ago), underpinned largely by MRT2 orders comprising segmental box girders, tunnel lining segments and other pre-cast concrete products (with a total value of RM280mil), with the balance coming from recurring orders from various infrastructure projects in Singapore.

We project Kimlun's FD EPS to contract by 20.8% in FY17F from a high base a year ago (largely due to lumpy variation order claims recognised during the year). Its earnings growth momentum should resume in FY18F (+27.7%).

We continue to like Kimlun as it is a good proxy to the booming local construction sector given its involvement in the MRT2 (supply of precast concrete segments), Pan Borneo Highway and the construction of affordable housing. Kimlun's earnings profile has improved tremendously as it no longer relies solely on building jobs, but has expanded to infrastructure (Pan Borneo Highway). Similarly, its manufacturing unit has widened its product offering with the latest being rail sleepers and parapet walls.

AmInvest Research - 29 Sept 2017
05/11/2017 20:09
Lilylizz wow anything happen?
06/11/2017 17:35
HengHuatOng Long overdue spike.
06/11/2017 19:05
lai81533 target rm2.87
08/11/2017 21:54
lai81533 Hold
11/11/2017 21:38
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.

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!
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?

02/04/2018 13:07
sell TP RM 1.5 next. Sell.
05/04/2018 22:50
winmxaa Sold
06/04/2018 21:44

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