KELINGTON GROUP BERHAD
KLSE (MYR): KGB (0151)
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Last Price
3.15
Today's Change
-0.06 (1.87%)
Day's Change
3.13 - 3.21
Trading Volume
1,650,400
Analysis
Technical Analysis
Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics.
Popular technical indicators such as moving averages, relative strength index, William R%, Money Flow Index, Percentage Price Oscillator, Moving Average Convergence-Divergence and Stochastic Oscillator are used to analyze the trend, momentum and strength of a stock.
Simple Moving Average
Name
Value
Variance
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
Exponential Moving Average
Name
Value
Variance
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
Relative Strength Index
Name
Value
RSI 9
6.604
RSI 9
6.604
RSI 9
6.604
Percentage Price Oscillator
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
William %R
Name
Value
%R-9
-88.496%
%R-9
-88.496%
%R-9
-88.496%
Moving Average Convergence-Divergence
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
Money Flow Index
Name
Value
MFI-9
6.348
MFI-9
6.348
MFI-9
6.348
Stochastic Oscillator
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
Rate of Change
Name
Value
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
Discussions
19 people like this. Showing 50 of 6,151 comments
TSMC’s April Sales Jump 60% on Sustained Demand for AI Chips
Results signal a recovery in the consumer electronics sector
TSMC’s board approved a cash dividend of NT$4 per share
https://www.bloomberg.com/news/articles/2024-05-10/tsmc-keeps-sales-growth-up-in-april-as-ai-drives-60-jump?embedded-checkout=true
3 weeks ago
They plan for share buy back in June. EPS will probability improve for 3rd quarter result
2 weeks ago
The share price of KGB breaks a new high.
Insiders should know that Q1 2024 result will be very good.
They buy first before the result.
I believe the quarter result of KGB to be released in May 2024 will be very good.
I believe the share prices of KGB will move up north very fast if the quarter result to be released is very good.
Hope that the share price will break 3.00 convincingly today.
I prefer to buy KGB-WB because this warrant is still trading at a discount.
The expiry of KGB-WB is still 2 years away, no reason to trade at a discount.
By right, it should trade at a premium of 10%.
Good luck.
Thank you.
2 weeks ago
everytime this guy come, kgb will up more and get new high. u r welcome here
2 weeks ago
maybe bcoz of ur energy, toxic to urself and beneficial to others. good job!
2 weeks ago
AmInvest
Publish date:
Fri, 10 May 2024, 09:43 AM
Kelington Group
may trend higher after it broke above the RM2.80 resistance and hit a new 52-week high a few sessions ago.
With the 20-day EMA remaining above the 50-day EMA since a bullish crossover in late November 2023,
we believe the uptrend may persist in the near term.
A bullish bias may emerge above the RM2.80 level with stop-loss set at RM2.58, below the 50-day EMA.
Towards the upside, near-term resistance level is seen at
( i ) RM3.20,
WB = RM 1.82 to RM 1.90
( ii ) followed by RM3.50.
WB = RM 2.12 to Rm2.20
Entry : RM2.80–2.91
Target : RM3.20, RM3.50
2 weeks ago
KGB- WB is still trading at a discount, it should not be the case.
The expiry of KGB-WB is still 2 years away, no reason to trade at a discount.
By right, it should trade at a premium of 10%.
KGB-WB still have more room to move up.
Good luck.
Thank you.
2 weeks ago
Financial report scheduled to release today must be super good!!!
RM4 by end of May!!!
1 week ago
Kelington Group - A New Turning Point; Keep---- BUY
Date: 21/05/2024
Source : RHB-OSK. Price Target : 3.35
Kelington Group trades at an undemanding 20x FY25F EPS (-1 SD to KLTEC Index’s 5-year mean), supported by an outstanding orderbook of MYR1.3bn.
RHB upgraded the technology sector to OVERWEIGHT from Neutral on 1 April. We are of the view that the chip sector is in the early days of a new upcycle. The positive view is premised on: i) An uptick in global semiconductor sales, ii) inventory corrections hitting a trough, and iii) strong smartphone-related orders and AI-led component demand. KGB’s unique position as a hook-up contractor for key foundries in China and Singapore puts it in an enviable position to benefit from the sector’s renewed tailwinds.
We expect double-digit YoY growth momentum in revenue/core earnings to continue in 1Q24, supported by the robust ultra-high purity (UHP) progress billings with some seasonal effects (higher base in 4Q23) from the Lunar New Year period. We expect overall GPM to stay at mid-double digit as UHP projects continue to make up the lion share of revenues (4Q23:74%, 4Q22: 72%). This is on top of the rapidly growing higher yielding industrial gas business with the second LCO2 site (70,000 tonnes) coming on stream.
US tariffs on China – a boon for Asia. The recent doubling of tariffs on China semiconductor imports from 2025 was an extension of the US hard line policies implemented during the Trump administration. We see this as further strengthening Malaysia’s attractiveness as an alternative supply chain hub under the China Plus One (C+1) strategy. This should augur well for KGB, being the preferred hook-up and commissioning specialist for most Singapore wafer foundries and existing foundries in Malaysia. KGB’s timely expansion into Germany is also expected to gain traction amid the US-China geopolitical tension.
1 week ago
To : All
From : SEE _Research
issued on 5.15 pm., 23 May 2024 / Thursday
The above pic shows on the K G B
A. Closed 5.00 pm., 23 May 2024 /
Thursday ___
KGB
A. Mother share RM 3.04 / + RM 0.01
B. WB RM 1.63 / + RM 0.03
To take note : today / 23 May 2024
High of the day
High of the 52 weeks = RM 1.63
C. CH = RM0.15 / no trade
D. CG = RM 0.195 / unchanged
E. CF = RM 0.28 / no trade
F. C E = RM 0.31 / no trade
================================================================
================================================================
Remarks
A. To take note
The last minute / 4.45 pm.,
23 May 2024 / Thursday
( i ) buying on the mother share to close on day high of RM 3.04 ( + RM 0.01 )
( ii ) buying on the WB
share to close on day high
of RM1.63
( + RM 0.03 )
( 52 weeks high )
================================================================
Highlight
1. Many market participants are anticipating good financial quarter ;
expecting to announce soon by
24 May 2024 / Friday ______
after 5.01pm _____
that will spur the share prices higher for the mother share & in union WB __
TO NEW HIGH TARGET PRICES FOR
( i ) MOTHER RM 3.50 ABOVE
( ii ) WB = RM 2.10 ABOVE
1 week ago
KGB reported a stellar result, 53.3% improvement YoY!!!
Dividend again 2 cents per share, quarterly payout, money printing machine!!!
Hoseh ah!!!
1 week ago
the 2QFY24 is the one that i am looking forward to. This quarter is considered within expectations as the revenue and earnings are still above RM300m and RM20m respectively. The interim dividend is most welcomed..
1 week ago
Q1 is seasonal low but already hit 25M PAT, FY2024 PAT will be above 100M. strong FCF.
1 week ago
Good to see KGB's business continue to grow & financially improve.
Happy investing to all investors here
1 week ago
To : All
From : SEE _Research issued on
2.30 am., 25 May 2024 / Saturday
Revised upwards on
Target Prices
A. K G B / mother share
RM 4.10
B. K G B WB
RM 2.70 to RM 2.80
================================================================
Kelington Group -
Spotless Earnings Track Record
Date:
2024-05-24
Firm:
KENANGA
Stock:
KGB
Price Target:
4.10
Price Call:
BUY
Last Price:
3.02
Upside/Downside:
+1.08 (35.76%)
KGB’s 1QFY24 results met expectations. Its 1QFY24 net profit jumped 54% buoyed by high-margin UHP projects and maiden contribution from its second LCO2 plant.
We foresee significant job wins in 2HCY24.
We foresee significant job wins in 2HCY24.
We foresee significant job wins in 2HCY24.
We keep our forecasts but raise our
TP by 21% to RM4.10 (from RM3.40)
and reiterate our OUTPERFORM call.
KGB remains one of our sector top picks.
KGB’s 1QFY24 net profit of RM24.9m (+54% YoY) accounted for 24% of our full-year forecast and 21% of market consensus.
We deem the results within expectation as 1Q is KGB’s seasonally weakest quarter.
YoY, KGB’s 1QFY24 revenue rose 9.8% on the back of robust project deliveries across all the operating markets.
Geographically, revenue recognition from Malaysia (c.45% of group revenue) grew 6.4% while China (c.31% of group revenue) trended 128% higher as momentum picked up among China’s wafer fab expansion.
This helped to offset weaker showing from its Singapore operation (c.21% of group revenue) which fell 32%.
Its net profit jumped by a sharper 54% due to:
(i) higher proportion of UHP jobs delivered, and
(ii) greater contribution from its industrial gas (yielding twice higher GP margins compared to other segments) as its second LCO2 plant came online, leading to higher net profit margin of 7.3% (vs. 5.2% in 1QFY23)
QoQ, its 1QFY24 revenue fell 29% while net profit shrank 30% as 1Q is seasonally its weakest quarter.
It is worth noting that the top line of its industrial gas segment rose 17% due to the commencement of its second LCO2 plant which enjoyed a healthy take up rate.
Outlook.
We expect sustained strong performance from KGB underpinned by substantial increase in higher-margin UHP jobs, representing >70% of its outstanding orders (vs. c.60% in FY23).
The group has secured RM235m jobs up to 31 Mar 2024, bringing its total outstanding order book to RM1.25b.
We are sanguine that the group will be able to secure at least RM1b worth of higher-margin orders in FY24 (vs. RM1.1b in FY23) backed by:
(i) more wafer fab expansion in Singapore slated to take place from 3Q onwards, and
(ii) China’s ambitious plans to increase its semiconductor fabs by 60% in three years for domestic consumption and double the capacity in five years, according to TendForce.
Forecasts. Maintained
Valuations.
We lift our TP by 21% to RM4.10
(from RM3.40) based on an unchanged 21x PER pegged to a rolled-forward earnings base of FY25F (from FY24F). Our valuation represents a c.10% discount to peer’s forward mean PER of 24x which includes global players such as Air Products, Air Liquide and Linde. There is no adjustment to our TP based on ESG given a 3-star rating as appraised by us (see Page 4).
Investment case.
We like KGB for:
(i) it being a direct proxy to the front-end wafer fab expansion,
(ii) its strong earnings visibility underpinned by robust order-book and tender-book exceeding RM1b, and (iii) its strong footholds in multiple markets, i.e. Malaysia, Singapore and China. Maintain OUTPERFORM.
Risks to our call include:
(i) a slowdown in wafer fab investment,
(ii) worsening Sino-US chip war, and
(iii) low utilisation of its LCO2 plants.
Source: Kenanga Research
- 24 May 2024
1 week ago
Bro, calvinteng the fish seller missing wakakakaka. Still warming eggs with Jtiasa
SEE_Research
5 days ago
Yes. They revised upwards after forgot to do it. Afraid of us fxxk them later. Here got a lot of experienced traders and knowledgeable people than their half-baked analysts 🤭
5 days ago
https://www.wsj.com/finance/stocks/cooling-for-ai-is-a-hot-stock-market-tradefor-now-d917e1d2
LC02 help artificial-intelligence data centers dissipate heat!!!
3 days ago
To : All
To : All
From : SEE _Research
issued on 1.30 pm., 29 May 2024
Wednesday
LC02 help artificial-intelligence data centers dissipate heat!!!
==============================================================
From : Cakes Moon
https://www.wsj.com/finance/stocks/cooling-for-ai-is-a-hot-stock-market-tradefor-now-d917e1d2
LC02 help artificial-intelligence data centers dissipate heat!!!
2 minutes ago
==============================================================
Kelington Group Berhad/ 0151
A. KGB have 2 plants that produce Liquid Carbon dioxide that can cool the heat
Main usages
Liquid carbon dioxide is used for freezing and chilling of food products; carbonation of beverages;
water treatment;
low temperature testing of aviation and electronic components;
oil and gas well stimulations; and
controlling chemical reactions.
Liquid carbon dioxide
Article Talk
Language
Download PDF
Watch
Edit
Learn more
This article provides insufficient context for those unfamiliar with the subject. (May 2019)
Liquid carbon dioxide is the liquid state of carbon dioxide
(CO 2 ) which cannot occur under atmospheric pressure.
It can only exist at a pressure above 5.1 atm (5.2 bar; 75 psi), under 31.1 °C (88.0 °F) (temperature of critical point) and above −56.6 °C (−69.9 °F) (temperature of triple point).
[1] Low-temperature carbon dioxide is commercially used in its solid form, commonly known as "dry ice".
Solid CO
2 sublimes at 194.65 K (−78.5 °C; −109.3 °F) at Earth atmospheric pressure — that is, it transitions directly from solid to gas without an intermediate liquid stage.
The uses and applications of liquid carbon dioxide include decaffeinating coffee,[2] extracting virgin olive oil from olive paste, in fire extinguishers,
and as a coolant.
and as a coolant.
and as a coolant.
LC02 help artificial-intelligence data centers dissipate heat!!!
3 days ago
Beijing puts USD 65 BILLIONS into biggest chip fund to drive
Published by The Straits Times
Tuesday / 28 May 2024
Quote __
Shares of China ' s major chip stocks jumped on 27 May 2024 ___
Semi Conductor Manufacturing International Corporation
( S M I C) ___ the largest chipmaker in China ___ rose as much as 8.1 % in Hong Kong
while Hua Hong Semiconductor ;
a smaller competitor , climbed more than 10 % __ unquote
To : All
From : SEE _Research issued on 10.30 pm., 29 May 2024 / Wednesday ___
S M I C ___ IS ANOTHER REPEAT REGULAR CUSTOMER OF KGB ___
LIKEWISE T S M C , TAIWAN
IS ALSO ANOTHER REGULAR REPEAT CUSTOMER OF K G B
2 days ago
Dow Jones
Dow Jones Industrial Average
38,534.16
-318.70
0.82%
Nasdaq
NASDAQ Composite
16,976.85
-43.02
0.25%
2 days ago
The StraitsTimes _ Singapore
Published date : 28 May 2024
China invests $65.4 billion in its biggest-ever chip fund to back nation’s firms
The latest investment vehicle, known as Big Fund III,
underscores a renewed push from President Xi Jinping’s government to build its own semiconductor industry as tensions with the US escalate.
PHOTO: REUTERS
UPDATED MAY 27, 2024, 07:49 PM
Facebook
Telegram
SINGAPORE –
China has set up the country’s largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US seeks to restrict its growth.
The third phase of the
National Integrated Circuit Industry Investment Fund,
also known as the “Big Fund”,
has amassed 344 billion yuan
(S$65.4 billion) from the central government and various state-owned banks and enterprises, including the Industrial and Commercial Bank of China, according to Tianyancha, an online platform that aggregates official company registration information. The fund was incorporated on May 24.
The latest investment vehicle, known as Big Fund III, underscores a renewed push from President Xi Jinping’s government to build its own semiconductor industry as tensions with the US escalate.
The Biden administration has imposed sweeping restrictions on China’s ability to buy advanced chips and chipmaking equipment. It is now also urging allies – including the Netherlands, Germany, South Korea and Japan – to further tighten curbs on China and plug holes in existing export controls.
Shares of China’s major chip stocks jumped on May 27.
Semiconductor Manufacturing International Corporation (SMIC),
the largest chipmaker in China, rose as much as 8.1 per cent in Hong Kong,
while Hua Hong Semiconductor, a smaller competitor, climbed more than 10 per cent.
2 days ago
Any big retracement is opportunity to pick up more of this gem as it marches all the way to RM4+
2 days ago
To : All
From : SEE _Research
issued on 9.00 am., 1 June
Notion Warrant WD / 0083 WD
Expires 07 May 2029
Exercise price of RM ___ 0.45
It OVER RUN AND CLOSED UP WITH ALMOST 25 % PREMIUM ON THE MOTHER SHARE PRICE OF RM1.49
WD
31 MAY 2024 = RM 1.29 such great premium of 20 % to 25 %
================================================================
Highlight
KGB WB __ ON TECHNICAL PRICE WILL HAVE PREMIUM OF MINIMUM OF 5 % TO MAXIMUM OF 10 %
ON THE MOTHER PRICE
SHOULD CLOSE __ RM 1.38 /
EXERCISE PRICE
SHOULD CLOSE __ RM 1.86 to RM 1.96
INSTEAD OF
RM 1.78 / 31 MAY 2024
= NO PREMIUM
IMPORTANT MESSAGE THAT KGB WB STILL HAVE MANY STRONG LEGS TO RUN FORWARD LIKE
SHA ' CARRI RICHARDSON
==============================================================
https://youtu.be/NtCS-yZWrBU?si=MJKeBctDsoGTNZRT
===================================================================================
12 hours ago
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
dawchok
Hope so. and Thank you for the positive energy
3 weeks ago