Highlights

SEE_Research

Author: SEE_Research   |   Latest post: Wed, 5 Jan 2022, 12:08 AM

 

NOW SHOWING: The Trilogy of FAST & FURIOUS Shows - PART 16 - " KGB is my choice. " ---for top gainer in January 2022

Author: SEE_Research   |  Publish date: Wed, 5 Jan 2022, 12:08 AM


NOW SHOWING : THE TRILOGY OF FAST & FURIOUS SHOW - PART 16 -

 

SUPER BULL STOCKS, BUY CALL - Kelington Group Bhd -

 

1st Target price: RM2.00

 

2nd Target price : RM 2.50 

Author:    |    


NOW SHOWING : THE TRILOGY OF FAST & FURIOUS SHOW - PART 15 -

SUPER BULL STOCKS,

BUY CALL Kelington Group Bhd

from  5 January  2022

 

NOW SHOWING : THE TRILOGY OF FAST & FURIOUS SHOW - PART 16 

SUPER BULLISH STOCKS

 

Super Positive Momentum Stocks

 

FOR 5 January 2022 ---

KGB & KGB WB

 

 

 

 

KGB will on the way to lauch a new high of challenging on the old current high and closed with great conviction above RM1.89 .

Will you be the ones , who enjoy the acceptance of joining the party to celebrate with joy. 

 

How? Invest in Stocks Malaysia [works GREAT from 2021]

========================================================================

 

From SEE _Research 
 
1. Technical chart and analysis ;
 for the bulk of the investors ; more than 90 % will not be able to figure out on 
 
MACD 
Moving Average Convergence Divergence 
 
RSI 
Relative Strength Index 
 
EMA 
Exponential Moving Average 
 
SMA 
Simple Moving Average 
 
Most of us __ 
90 % will NOT FULLY UNDERSTAND ON ITS FUNCTIONS OF TECHNICAL CHARTS AND ANALYSIS.  
 
YOU NEED TO BE A GOOD TECHNICIAN TO ANALYSE ON ITS CHART
 ANALYSE AND INTERPRET rightly. 
 
======================================================================== 
 
From : SEE_RESEARCH 
 
For a said share ; 
Example 
KGB / 0151 / mother 
 
How to read and interpret on the positive or negative mode
on the share prices ? 
 
 
You all can study and read and interpret with more accuracy; 
KGB mother ; current cycle high is *** RM 1.88 *** 
 
2021 / Date / High /     Volume done 
1.  22 Sept / RM 1.88/  20, 136 lots 
2.  29 Sept / RM 1.87 / 13, 270 lots 
3.  30 Sept / RM 1.88 / 13, 688 lots 
4.    7 Oct /   RM 1.86 /   5, 866 lots 
 
This coming season , 
near 1 st week of January 2022 ; it will mount a
strong challenge on its 5th attempt to cross RM 1.88 and 
CLOSED higher with 5.00 pm closing above RM 1.90 ;
to better reflect on its positive breakout on its technical ability.  
 
From 5 January 2022 ; 
 
and the volume will be more than 
 
20 ,000  lots _ per day 
 
thus representing the new buyers 
 
acknowledged the share prices will offer  higher selling
 
opportunities 
 
 
above RM 2.00 .
 
 
Study carefully on the current low 
A. RM1.61 /  4 October/ closed RM1.65
B. RM 1.60 / 5 October/ closed RM 1.71
 
Study carefully; after 
4 January 2022  
 
What does it means __? 
That mean it has make a higher low ; 
not a lower low . 
 
Its technical chart and analysis is up and trending mode.  
 
 
 
 
 
Do you still need to learn on the
sophisticated technical chart and analysis ? 
 
 
MACD 
 
RSI / 20 = oversold 
RSI / 80 = overbought 
 
SMA / 70 days /200 days 
EMA / 20 days 
 
 
Golden cross buy 
 
 
Elliot Wave
 
==========================================
 
 
 

Kenanga Research & Investment

Author: kiasutrader    |   Latest post: Tue, 4 Jan 2022, 10:16 AM

  

Technology - Semiconductor Remains a Growth Sector

Author:    |    Publish date: 



We reiterate our OVERWEIGHT call on the technology sector for 1QCY22 as we continue to observe aggressive expansions among semiconductor players. INARI (OP; TP: RM4.80) recently committed RMB463m (c.RM299m) cash to form a JV with China Fortune-Tech Capital (a VC firm incorporated by SMIC) to set up a plant in China, offering OSAT-related businesses. Meanwhile, Western Digital has set aside RM1b for a new plant in Sarawak while Intel has proposed an RM30b expansion in Penang. There were also a slew of fab expansions in Singapore by GlobalFoundries, Micron and Siltronic as front-end players scrambled to increase capex to solve the chip shortage situation. Out of the five names mentioned above, KGB (OP; TP: RM2.50) has secured orders from four of them, further reinforcing our investment thesis of KGB as a prime proxy for front-end semiconductor expansion which is expected to continue in the near to medium term. We believe the recent decline in Inari’s share price is an overreaction given that Apple’s recent initiative to strengthen its in-house wireless connectivity system is targeted towards 5G modem rather than replacing its existing RF suppliers. On the prosperity tax, we see negligible impact (c.1%-3%) to the stock under our coverage thanks to exemptions like pioneer tax status and reinvestment allowance. We continue to like GHL (OP; TP: RM2.30) as a proxy to the recovery in consumer spending as the economy reopens coupled with higher adoption of e-payment in Asia.

Capacity expansion on the rise. We reiterate our OVERWEIGHT call on the technology sector going into 1QCY22 as we continue to observe aggressive expansions among local and global semiconductor players. INARI (OP; TP: RM4.80) for instance has recently committed 100% equity shares of its wholly-owned subsidiary, Amertron Technology (Kunshan), and RMB463m (c.RM299m) cash to form a JV with China Fortune-Tech Capital (a VC firm incorporated by SMIC) to set up a plant in China, offering OSAT related businesses. Having already established a strong presence among western customers, Inari is looking to expand its reach into the growing Chinese market as China’s semiconductor self-sufficient rate still lags behind its goal despite SMIC announcing three expansions in a row for 2021. Being the second-largest semiconductor consumption market, only 16% of the chips are made locally (vs. the goal of 70%). This means that opportunity for semiconductor growth in China is still bright and Inari’s aggressive move to diversify its revenue stream is timely as demand for the US smartphone brand is facing issues due to chip shortage and to a certain extent rising inflation rate. While sales volume may not hit its initial target, the US smartphone manufacturer indicated that a record holiday season is still on track.

In addition, we saw Western Digital setting aside RM1b for a new plant in Sarawak and recently Intel proposed an RM30b expansion in Penang which is expected to create 4,000 jobs upon completion in 2024. Over in Singapore, there were a slew of fab expansions from GlobalFoundries, Micron and Siltronic as front-end players continued to increase capex in an effort to solve the chip shortage situation. Out of the five names mentioned, KGB (OP; TP: RM2.50) has secured orders from four of them, further reinforcing our investment thesis of KGB as a prime proxy for front-end semiconductor expansion which is expected to continue in the near to medium term. This is evident by Micron allocating US$150b capex over the next decade and Siltronic setting aside EUR2b for the next three years.

Overreaction over Apple’s in-house wireless connectivity efforts. A recent Bloomberg article speculated that Apple’s move to reinforce their in-house wireless chip could eventually replace offerings from Broadcom and Skyworks. We believe this is a misconception because Broadcom’s wireless chips (Bluetooth, WiFi) has been used in many generations of Apple’s product line-ups and will remain as well for future generations (recall that Broadcom and Apple signed a $15b deal in 2020 for future chip supply) of Apple products thanks to its superior performance. On the radio-frequency front end (RFFE) side, Broadcom, Skyworks and Qorvo have always been working closely with Apple and all three players play an important role due to their respective expertise in certain areas of the RFFE system (high band, mid band, low band). Furthermore, with the massive number of patents and intellectual property rights registered over the years by these three players, it does not make sense for Apple to reinvent the wheel. Therefore, we believe what Apple is trying to develop in-house is the 5G modem instead. Recall that they bought Intel’s modem operation for US$1b in 2019 but have yet to launch any product. That said, we deem the recent decline in Inari’s recent share price as an overreaction.

Little impact from one-off prosperity tax. The Malaysian government had in its latest Budget 2022 introduced a one-off (applicable to FY22 only) prosperity tax of 33% on chargeable income above RM100m while chargeable income below RM100m will be taxed at the statutory rate of 24%. Given that most of the technology companies under our coverage enjoy exemptions (e.g. pioneer status, investment tax allowance and reinvestment allowance) which will still be valid even with the prosperity tax implemented, we foresee a negligible impact (c.1%-3%) to our earnings forecasts. Such impact could be easily mitigated with initiatives such as an accelerated capex in FY22 which is what D&O (OP; TP: RM6.60) is planning.

Automotive sales took a breather. Recent automotive statistics have shown slowing sales which at first glance looked like waning demand. Looking deeper, the real reason is due to the on-going chip shortage which hinders production as more car manufactures are looking to integrate more electronics in a vehicle (lane assist, auto braking, proximity sensor etc). Thankfully, automotive demand remains elevated and the pace of decline has also slowed as China reported -11.7%, -16.5% and -5% in car sales growth for Aug-Oct 21 while Europe car sales growth recorded -23.1%, -30.3% and -20.5% for Sep-Nov 21. In our recent engagement with D&O, its management has also indicated strong order momentum going into 2022, coming from exterior LEDs such as rear combination lamps, headlamps, fog lights and daytime running lights.

Proxy to spending recovery. With Malaysia’s vaccination rate achieving c.77% of total population, daily Covid-19 cases have also fallen to a manageable level of c.5k (vs. >20k in 3QCY21). In addition, the government has recently started to administer booster shots on a voluntary basis. This has facilitated the reopening of the economy where local traveling is back and crossing of states allowed. We learnt that GHL has also seen improving transaction volume for both its e-Pay and TPA segment in the recent months. As the festive season draws nearer, we are positive that this trend will likely continue, thanks to year-end sales as well as strong demand for local travel. This will lead to higher offline-based transactions for credit cards which yield a higher merchant discount rate (MDR). Therefore, we recommend positioning into GHL Systems (OP; RM2.30) to ride the return of consumer spending. In addition, the gradual reopening of international travel will be a boon for GHL which has already established a strong presence in the ASEAN region with more than 383k touchpoints.

Maintain OVERWEIGHT stance on the technology sector. Our top picks are:

(i) Kelington Group (OUTPERFORM, TP: RM2.50). Kelington Group ended the year with a bang after securing RM195m (RM85m on 6 Dec and RM110m on 22 Dec) worth of UHP-related jobs in December alone, propelling value of job wins this year to RM1.18b while the current orderbook soared to RM1.23b. The RM85m award was from a customer involved in solid state memory while the RM110m award was from a silicon wafer manufacturer. With the amount of orderbook on hand, we are sanguine for a strong 4QFY21 performance, and followed by a record FY22 as well.

(ii) GHL (OUTPERFORM, TP: RM2.30). GHL has continued to see MoM improvement in its transaction volume and increase in merchant footprint since mid-2021. We believe this trend will likely continue as there is an urgent need for currently cash-based merchants to digitalise their payment acceptance system in order to remain relevant in the current situation where adoption of e-wallet is being accelerated due to the pandemic. With the festive season in the quarter, we are optimistic for QoQ growth in its upcoming 4QFY21 performance, backed by higher consumer spending and interstate travel.

(iii) Inari Amertron (OUTPERFORM, TP: RM4.80). After registering record earnings, Inari’s current RF utilisation remains elevated at 88% for 24 SiP lines which could translate into another solid performance in the upcoming 2QFY22 (FYE June). We continue to like Inari owing to its strong position in the 5G space as well as on-going efforts to broaden its exposure in the data centre market (via optical transceiver) and automotive. With its recent inclusion into the FBMKLCI index as well as the MSCI Global Standard index, Inari will likely garner more interest from foreign institutional funds.

Source: Kenanga Research - 28 Dec 2021

 
 
=========================================================================
 
 

Kelington Group Berhad./ 0151 




Date
Price Target
Upside/Downside
Price Call
Source
Link
06/10/2021 2.01 0.270 (15.52%) BUY MalaccaSecurities  
06/10/2021 2.50 0.760 (43.68%) BUY KENANGA  
01/10/2021 2.50 0.760 (43.68%) BUY KENANGA  
30/09/2021 2.50 0.760 (43.68%) BUY KENANGA
 
 
 
 
 

=========================================================================

Technical Tracker- KGB: On a Solid Footing

Author:    |    Publish date: 



Ultra-high purity gas provider. Listed since 2009, Kelington Group Berhad (KGB) is mainly engaged in providing Ultra High Purity (UHP) gas to the electronics and semiconductor industry. Over the years, the Group has expanded its exposure to include turnkey engineering services and industrial gasses business. The group derived 71% of its revenue from its UHP divisions in FY20, whilst Process Engineering (12%), General Contracting (11%), and Industries Gasses (6%) accounted for the rest. Overall, Malaysia, China, and Singapore dominated 94% of its topline in FY20.

Riding on the fab expansion plans. With chips shortage showing no signs of abating, we expect more fab expansions in the pipeline and KGB is well-positioned to tap into more UHP jobs, as chip foundry investment sweeping across Asia (source), especially in China and Singapore where majority of KGB’s UHP projects are located in. Interestingly, this started to reflect from its all-time high outstanding order-book amounting to RM979m as at Oct-21 (FY2020: RM490m).

Industry gas division to cater into F&B. To recap, KGB commenced its liquid carbon dioxide (LCO2) plant in Kemaman, Terengganu on the 23 Oct 2019 with a total capacity of 50,000 tonnes of LCO2 pa. Over the years, the plant utilization rate plant had gradually picked up from 20% (FY2019) to 50% (1HFY2021) within 15 months of operations. As the group is in the final stage of securing the H alal Certification from JAKIM to start the qualification process for the F&B industry, this is expected to drive its LCO2 plant utilization rate to greater heights (CO2 is widely used in F&B business i.e. manufacture of carbonated drinks and food freezing etc.).

Pending for a downtrend line breakout. Technically, KGB is pending for a downtrend line breakout. A successful breakout above its downtrend line resistance (RM1.74) will spur the prices to challenge its previous high of RM1.88 (30 Sept) territories. Cut lost at RM1.61.

 

Source: Hong Leong Investment Bank Research - 24 Nov 2021

 
 
 
========================================================================
 
 
 
 

Brokers Digest: Local Equities - Food and beverage, Mr DIY Group (M) Bhd,

 

Kelington Group Bhd,

 

MI Technovation Bhd

 
 
 
This article first appeared in Capital, The Edge Malaysia Weekly, on November 8, 2021 - November 14, 2021.
The sugar tax may lead to a steep rise in price of pre-mixed products. (Photo by Shahrill Basri/The Edge)

The sugar tax may lead to a steep rise in price of pre-mixed products. (Photo by Shahrill Basri/The Edge)

-A+A
 

Food and beverage

NEUTRAL


CGS-CIMB RESEARCH (NOV 1): In Budget 2022, the government announced that excise duty on sugary drinks will include pre-mixed preparation beverages (2-in-1 or 3-in-1) effective April 1, 2022. A flat excise duty of 47 sen per 100g will be imposed on pre-mixed products that have sugar content of more than 33.3g per 100g. This includes: i) mixed chocolate or cocoa preparations, ii) mixed malt preparations and iii) pre-mixed coffee and mixed tea preparations. At this juncture, we are unable to ascertain whether the threshold of sugar content is inclusive of natural sugar or solely added sugar.

Companies under our coverage that will be affected are Nestlé (Malaysia) Bhd and Power Root Bhd as they are key players in pre-mixed beverages such as coffee, tea and cocoa. Based on our initial estimates, 50% of Power Root’s domestic sales and 25% to 30% of Nestle’s sales will be affected by this measure.

In our view, pre-mixed producers are likely to take two approaches to this matter: i) raise their selling prices to fully pass on the additional sugar tax, and ii) lower the sugar content in their products to below the threshold for excise duty. Our early channel checks reveal that F&B producers are confident they can reduce the sugar content of certain products with R&D efforts while keeping the flavour of the products. In the event the sugar level cannot be reduced, they will maintain product availability with higher selling prices or launch lower sugar content options.

Based on our back-of-the-envelope calculation, we expect effective selling prices (per 1kg) to increase by RM4.70 (9.3% to 30.5% for products priced from RM7.70 to RM32.90) for every pre-mixed beverage that has sugar levels of more than 33.3g for every 100g of pre-mixed product. In our view, the price increase is steep (assuming the sugar tax is fully passed on), which may lead to lower sales volume due to reduced consumer affordability.

We currently have “hold” calls on Power Root and Nestlé. We also retain our “neutral” call on the F&B sector. Key upside/downside risks include sharp increase/decrease in sales volume.

 

Mr DIY Group (M) Bhd

Target price: RM4.10 OUTPERFORM


KENANGA RESEARCH (NOV 3): In the nine months ended Sept 30 (9MFY21), Mr DIY’s sustainable Patami of RM297 million accounted for 66%/65% of our/consensus full-year estimates. We consider the results as broadly within our expectations given the Enhanced Movement Control Order in 3QFY21. An interim DPS of 0.7 sen was declared for the quarter, raising cumulative DPS declared to 2.1 sen, (accounting for 88% of our estimate).

The key to Mr DIY’s sustainable profitability is its agility in offering a variety of quality products at affordable prices, coupled with its flexibility in product mix to sustain sales and margins. We expect 4QFY21 results to be stellar, underpinned by the higher percentage of stores in operation and more store openings to achieve the targeted 175 for FY21. Management guided for 180 new stores in FY22.

Post-results, we make no changes to our FY21E/FY22E earnings of RM451 million/RM707 million. We believe the impact from the one-off prosperity tax will be negligible given that Mr DIY has about 14 subsidiaries and most are likely to have a chargeable income of less than RM100 million.

===================================================================

Kelington Group Bhd

Target price: RM2.06 BUY


RAKUTEN TRADE RESEARCH (NOV 3): We see huge growth potential for KGB’s ultra-high purity (UHP) segment as more fabrications come on stream amid a global chip shortage as capital expenditure is rising rapidly in Asia. With its record high tender book of RM1.1 billion, KGB is focusing on bidding for semiconductor wafer fabrication projects in China and Singapore, which are its largest revenue contributors. As at last month, the group had an outstanding order book of RM979 million, of which 58% comprised data projects in Malaysia.

KGB also manufactures liquid CO and dry ice. It has signed a 15-year supply agreement with Petroliam Nasional Bhd to purchase waste CO to sell to re-fillers and the F&B industry or process it into dry ice. The group is in the final stage of securing the halal certification from Jakim to start the qualification process for the F&B industry. We believe there will be some contribution from this segment soon, backed by pent-up demand post-Movement Control Order.

The company has a healthy balance sheet, with net cash per share of eight sen as at 1HFY21. There is room for further expansion with a low gearing ratio of 0.3 times.

=====================================================================

 

MI Technovation Bhd

Target price: RM5.04 OUTPERFORM


PUBLICINVEST RESEARCH (NOV 3): The key takeaway from MI Tech’s recent virtual briefing is China’s role as a key growth driver for the group’s equipment and material business units in the next two years. We gather that management plans to offer total solutions to Chinese clients for both semiconductor equipment and material products, which would help improve margins and cross-sell products. Nevertheless, final-quarter numbers for this year will be softer due to the ongoing supply destruction and deferment by customers, owing to revised capacity schedules. We cut our FY21-23 earnings forecasts by 4% to 10%.

Top line for the third quarter ended Sept 30 surged 77% year on year to RM114 million. China, Taiwan and South Korea are the top three markets.

The group also witnessed gradual upward average selling price revision for its Taiwan-based solder balls due to the cost hike in materials. It plans to penetrate the South Korean and Japanese markets and aims to slowly phase out the low-margin solder ball business.

Following the successful maiden sale of a laser-assisted bonding machine to a reputable South Korean phone maker, the group is aiming for a 20% to 25% market share as it has started qualification for another potential client.

 

 

Save by subscribing to us for your print and/or digital copy.

P/S: The Edge is also available on Apple's AppStore and Androids' Google Play

====================================================================

image.png

 OCB Berhad

 
MAIN CHAPTER
 
 
                1    THE TWIN SAME BUSINESSES 
 
FOR FOOD BASED INDUSTRIES , SAME CONSUMER SECTOR 
 
HWA TAI INDUSTRIES BERHAD / 8474 
 
& OCB /5533 
 
SAME CHARACTERISTICS OF HWA TAI INDUSTRIES BERHAD / 8674
 
n terms of positive upwards price actions . 
 
 
 
( i ) based in Consumer sector 
 
 
 
( ii ) in food business 
 
 
 
(iii ) small capital base : 
 
 (a) Hwa tai / 8478 = 74, 874 lots 
 
============================================================================================
 
ANALYSIS OF MARKET CAPITALISATION & 
 
MARKET FLOAT IN KLSE 
 
 
 
(b)    OCB / 5533     =                  102,850 lots = 100 % 
 
 
 
( c ) TOP 30 SHAREHOLDERS = 82,548 LOTS = 80 %
 
 
 
( d )LONG TERM INVESTORS = 10,302 LOTS = 10 %
 
 
 
 
 
( e ) BALANCE FLOAT IN MARKET 
 
LESS THAN  10,000 LOTS  = 10 %
 
 
 
 
 
MEAN  : 1 LOT = 1,000 SHARES
 
 
 
1.2  The KING of THE FOOD  business is HWA TAI INDUSTRIES  Berhad , 
 
in term of positive upwards prices ;
 
and the followers ,
 
 one of them is
 
 
 
 OCB /5533 
 
 
 
 1.3   Some of my KLSE investors who are well known in the corporate community ask  3 direct questions in order 
 
 
 
to avoid pump and dump stock.
 
 
 
 
 
FOR OCB /5533 
 
Question Number 1 : MAKING MONEY ?
 
ANWER : YES 
 
 
 
QUESTION Number 2 : PAYING DIVIDEND ?
 
ANSWER : YES 
 
 
 
QUESTION Number 3 : when was the last payment of the dividend ?
 
ANSWER : ex date 16 July 2021 ;
 
                   payment date : 30 July 2021 ( RM 15.00 per 1 lot ) 
 
A dividend payment is the distribution of a company 's profit to its shareholders. 
 
Dividend is usually paid as a reward to its existing shareholders.
 
HOT SELLING FOOD BASED PRODUCTS 
 
IBUMIE PRODUCTS ( EASY CONVENIENT PACKS )
 
 
image.png
 
 
 
 
 
 
 
https://youtu.be/8fuEWnJTTYg
 
https://youtu.be/t-DmvngJPmg
 
https://youtu.be/1Mb0myJXdS4
 
https://youtu.be/YhjEWrWJr70
(iii) OCB / 5533 
 
SEE_RESEARCH 
 
WAIT for strong rally  VERY SOON
 
 First target  ------  RM 1.20 
 
 
 
 
 
.Thanks for reading and see you in the next post.
 
THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION, WRITTEN AS ARTICLE FOR SHARING PURPOSES TO KLSE COMMUNITY MEMBERS.
 
 
 
 
DISCLAIMER: Investment involves risks, including possible loss of investment and other losses. 
 
This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in some of these instruments. The author shall not be responsible for any losses or profits resulting from investment decisions based on the use of the information contained herein. If investments and other professional advice is  required, the services of a licensed professional person should be sought.
 
  (SEE_RESEARCH ) 
 
(SENSING EAGLE EYES RESEARCH)
 
 
image.png

 

  Be the first to like this.
 
sensonic I AM SO HAPPY THAT OUR CNY RALLY JUST STARTED TODAY.
05/01/2022 9:18 PM

NOW SHOWING : THE TRILOGY OF FAST & FURIOUS SHOW - PART 15 - SUPER BULL STOCKS, BUY CALL - Kelington Group Bhd - Target price: RM2.00

Author: SEE_Research   |  Publish date: Tue, 30 Nov 2021, 1:03 PM


NOW SHOWING : THE TRILOGY OF FAST & FURIOUS SHOW - PART 15 - SUPER BULL STOCKS, BUY CALLKelington Group Bhd

Target price: RM2.00 for 30 November 2021

 

NOW SHOWING : THE TRILOGY OF FAST & FURIOUS SHOW - PART 15 

SUPER BULLISH STOCKS

 

Super Positive Momentum Stocks

 

FOR 30 November 2021 ---

KGB & KGB WB

 

 

 

 

KGB will on the way to lauch a new high of challenging on the old current high and closed with great conviction above RM1.89 .

Will you be the ones , who enjoy the acceptance of joining the party to celebrate with joy. 

 

How? Invest in Stocks Malaysia [works GREAT from 2021]

========================================================================

 

From SEE _Research 
 
1. Technical chart and analysis ;
 for the bulk of the investors ; more than 90 % will not be able to figure out on 
 
MACD 
Moving Average Convergence Divergence 
 
RSI 
Relative Strength Index 
 
EMA 
Exponential Moving Average 
 
SMA 
Simple Moving Average 
 
Most of us __ 
90 % will NOT FULLY UNDERSTAND ON ITS FUNCTIONS OF TECHNICAL CHARTS AND ANALYSIS.  
 
YOU NEED TO BE A GOOD TECHNICIAN TO ANALYSE ON ITS CHART
 ANALYSE AND INTERPRET rightly. 
 
======================================================================== 
 
From : SEE_RESEARCH 
 
For a said share ; 
Example 
KGB / 0151 / mother 
 
How to read and interpret on the positive or negative mode
on the share prices ? 
 
 
You all can study and read and interpret with more accuracy; 
KGB mother ; current cycle high is *** RM 1.88 *** 
 
2021 / Date / High /     Volume done 
1.  22 Sept / RM 1.88/  20, 136 lots 
2.  29 Sept / RM 1.87 / 13, 270 lots 
3.  30 Sept / RM 1.88 / 13, 688 lots 
4.    7 Oct /   RM 1.86 /   5, 866 lots 
 
This coming season , 
near 1 st week of November 2021 ; it will mount a
strong challenge on its 5th attempt to cross RM 1.88 and 
CLOSED higher with 5.00 pm closing above RM 1.90 ;
to better reflect on its positive breakout on its technical ability.  
 
From 9 November 2021 ; 
 
and the volume will be more than 
 
25 ,000  lots _ per day 
 
thus representing the new buyers 
 
acknowledged the share prices will offer  higher selling
 
opportunities 
 
 
above RM 2.00 .
 
 
Study carefully on the current low 
A. RM1.61 /  4 October/ closed RM1.65
B. RM 1.60 / 5 October/ closed RM 1.71
 
Study carefully; after 
6 October 2021 onwards to 22 October ;
this share had not tested on its current low of RM 1.60 ;
the most low was at 14 October 2021 / RM1.70 
 
What does it means __? 
That mean it has make a higher low ; 
not a lower low . 
 
Its technical chart and analysis is up and trending mode.  
 
 
 
 
 
Do you still need to learn on the
sophisticated technical chart and analysis ? 
 
 
MACD 
 
RSI / 20 = oversold 
RSI / 80 = overbought 
 
SMA / 70 days /200 days 
EMA / 20 days 
 
 
Golden cross buy 
 
 
Elliot Wave
==========================================
 
 
 
 

Kelington Group Berhad./ 0151 




Date
Price Target
Upside/Downside
Price Call
Source
Link
06/10/2021 2.01 0.270 (15.52%) BUY MalaccaSecurities  
06/10/2021 2.50 0.760 (43.68%) BUY KENANGA  
01/10/2021 2.50 0.760 (43.68%) BUY KENANGA  
30/09/2021 2.50 0.760 (43.68%) BUY KENANGA
 
 
 
 
 

=========================================================================

Technical Tracker- KGB: On a Solid Footing

Author:    |    Publish date: 



Ultra-high purity gas provider. Listed since 2009, Kelington Group Berhad (KGB) is mainly engaged in providing Ultra High Purity (UHP) gas to the electronics and semiconductor industry. Over the years, the Group has expanded its exposure to include turnkey engineering services and industrial gasses business. The group derived 71% of its revenue from its UHP divisions in FY20, whilst Process Engineering (12%), General Contracting (11%), and Industries Gasses (6%) accounted for the rest. Overall, Malaysia, China, and Singapore dominated 94% of its topline in FY20.

Riding on the fab expansion plans. With chips shortage showing no signs of abating, we expect more fab expansions in the pipeline and KGB is well-positioned to tap into more UHP jobs, as chip foundry investment sweeping across Asia (source), especially in China and Singapore where majority of KGB’s UHP projects are located in. Interestingly, this started to reflect from its all-time high outstanding order-book amounting to RM979m as at Oct-21 (FY2020: RM490m).

Industry gas division to cater into F&B. To recap, KGB commenced its liquid carbon dioxide (LCO2) plant in Kemaman, Terengganu on the 23 Oct 2019 with a total capacity of 50,000 tonnes of LCO2 pa. Over the years, the plant utilization rate plant had gradually picked up from 20% (FY2019) to 50% (1HFY2021) within 15 months of operations. As the group is in the final stage of securing the H alal Certification from JAKIM to start the qualification process for the F&B industry, this is expected to drive its LCO2 plant utilization rate to greater heights (CO2 is widely used in F&B business i.e. manufacture of carbonated drinks and food freezing etc.).

Pending for a downtrend line breakout. Technically, KGB is pending for a downtrend line breakout. A successful breakout above its downtrend line resistance (RM1.74) will spur the prices to challenge its previous high of RM1.88 (30 Sept) territories. Cut lost at RM1.61.

 

Source: Hong Leong Investment Bank Research - 24 Nov 2021

 
 
 
========================================================================
 
 
 
 

Brokers Digest: Local Equities - Food and beverage, Mr DIY Group (M) Bhd, Kelington Group Bhd, MI Technovation Bhd

 
 
 
This article first appeared in Capital, The Edge Malaysia Weekly, on November 8, 2021 - November 14, 2021.
The sugar tax may lead to a steep rise in price of pre-mixed products. (Photo by Shahrill Basri/The Edge)

The sugar tax may lead to a steep rise in price of pre-mixed products. (Photo by Shahrill Basri/The Edge)

-A+A
 

Food and beverage

NEUTRAL


CGS-CIMB RESEARCH (NOV 1): In Budget 2022, the government announced that excise duty on sugary drinks will include pre-mixed preparation beverages (2-in-1 or 3-in-1) effective April 1, 2022. A flat excise duty of 47 sen per 100g will be imposed on pre-mixed products that have sugar content of more than 33.3g per 100g. This includes: i) mixed chocolate or cocoa preparations, ii) mixed malt preparations and iii) pre-mixed coffee and mixed tea preparations. At this juncture, we are unable to ascertain whether the threshold of sugar content is inclusive of natural sugar or solely added sugar.

Companies under our coverage that will be affected are Nestlé (Malaysia) Bhd and Power Root Bhd as they are key players in pre-mixed beverages such as coffee, tea and cocoa. Based on our initial estimates, 50% of Power Root’s domestic sales and 25% to 30% of Nestle’s sales will be affected by this measure.

In our view, pre-mixed producers are likely to take two approaches to this matter: i) raise their selling prices to fully pass on the additional sugar tax, and ii) lower the sugar content in their products to below the threshold for excise duty. Our early channel checks reveal that F&B producers are confident they can reduce the sugar content of certain products with R&D efforts while keeping the flavour of the products. In the event the sugar level cannot be reduced, they will maintain product availability with higher selling prices or launch lower sugar content options.

Based on our back-of-the-envelope calculation, we expect effective selling prices (per 1kg) to increase by RM4.70 (9.3% to 30.5% for products priced from RM7.70 to RM32.90) for every pre-mixed beverage that has sugar levels of more than 33.3g for every 100g of pre-mixed product. In our view, the price increase is steep (assuming the sugar tax is fully passed on), which may lead to lower sales volume due to reduced consumer affordability.

We currently have “hold” calls on Power Root and Nestlé. We also retain our “neutral” call on the F&B sector. Key upside/downside risks include sharp increase/decrease in sales volume.

 

Mr DIY Group (M) Bhd

Target price: RM4.10 OUTPERFORM


KENANGA RESEARCH (NOV 3): In the nine months ended Sept 30 (9MFY21), Mr DIY’s sustainable Patami of RM297 million accounted for 66%/65% of our/consensus full-year estimates. We consider the results as broadly within our expectations given the Enhanced Movement Control Order in 3QFY21. An interim DPS of 0.7 sen was declared for the quarter, raising cumulative DPS declared to 2.1 sen, (accounting for 88% of our estimate).

The key to Mr DIY’s sustainable profitability is its agility in offering a variety of quality products at affordable prices, coupled with its flexibility in product mix to sustain sales and margins. We expect 4QFY21 results to be stellar, underpinned by the higher percentage of stores in operation and more store openings to achieve the targeted 175 for FY21. Management guided for 180 new stores in FY22.

Post-results, we make no changes to our FY21E/FY22E earnings of RM451 million/RM707 million. We believe the impact from the one-off prosperity tax will be negligible given that Mr DIY has about 14 subsidiaries and most are likely to have a chargeable income of less than RM100 million.

===================================================================

Kelington Group Bhd

Target price: RM2.06 BUY


RAKUTEN TRADE RESEARCH (NOV 3): We see huge growth potential for KGB’s ultra-high purity (UHP) segment as more fabrications come on stream amid a global chip shortage as capital expenditure is rising rapidly in Asia. With its record high tender book of RM1.1 billion, KGB is focusing on bidding for semiconductor wafer fabrication projects in China and Singapore, which are its largest revenue contributors. As at last month, the group had an outstanding order book of RM979 million, of which 58% comprised data projects in Malaysia.

KGB also manufactures liquid CO and dry ice. It has signed a 15-year supply agreement with Petroliam Nasional Bhd to purchase waste CO to sell to re-fillers and the F&B industry or process it into dry ice. The group is in the final stage of securing the halal certification from Jakim to start the qualification process for the F&B industry. We believe there will be some contribution from this segment soon, backed by pent-up demand post-Movement Control Order.

The company has a healthy balance sheet, with net cash per share of eight sen as at 1HFY21. There is room for further expansion with a low gearing ratio of 0.3 times.

=====================================================================

 

MI Technovation Bhd

Target price: RM5.04 OUTPERFORM


PUBLICINVEST RESEARCH (NOV 3): The key takeaway from MI Tech’s recent virtual briefing is China’s role as a key growth driver for the group’s equipment and material business units in the next two years. We gather that management plans to offer total solutions to Chinese clients for both semiconductor equipment and material products, which would help improve margins and cross-sell products. Nevertheless, final-quarter numbers for this year will be softer due to the ongoing supply destruction and deferment by customers, owing to revised capacity schedules. We cut our FY21-23 earnings forecasts by 4% to 10%.

Top line for the third quarter ended Sept 30 surged 77% year on year to RM114 million. China, Taiwan and South Korea are the top three markets.

The group also witnessed gradual upward average selling price revision for its Taiwan-based solder balls due to the cost hike in materials. It plans to penetrate the South Korean and Japanese markets and aims to slowly phase out the low-margin solder ball business.

Following the successful maiden sale of a laser-assisted bonding machine to a reputable South Korean phone maker, the group is aiming for a 20% to 25% market share as it has started qualification for another potential client.

 

 

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===================================================================

====================================================================

 
 
 

 

LEFTOVER FOOD WASTE 

 

 

 

 

 

Small Bit Of Bread With Condensed Milk Left Over On The Plate Stock Photo,  Picture And Royalty Free Image. Image 50862619.

 

 

Leftover Food High Resolution Stock Photography and Images - Alamy

 

 

 

Food Waste Bin Plate High Resolution Stock Photography and Images - Alamy

 

 

 

Causes, Problems and Possible Solutions To Stop Littering - Conserve Energy  Future

 

 

 

" SATAY "  SALMON
 
 
 
 
 
CEDAR PLANK SALMON II: Asian-Style Honey & Soy Sauce Glaze on a Weber Q  Grill - YouTube
 
 
 
 
 
 
 
Honey Garlic Glazed Salmon Recipe - Easy Salmon Recipe - YouTube
 
 
 
 
 
 
 
Bourbon-Glazed Salmon Recipe | MyRecipes
 
 
 
 
 
 
Browned Butter Honey Garlic Salmon - Cafe Delites
 
 
 
 
 

Cardi B to star in Fast and Furious 9

 

 

 

From Hustlers To Racers – Cardi B Joins The Fast And Furious

 

 

 

 

Vin Diesel confirms Cardi B will be in Fast and Furious 10 : Bollywood News  - Bollywood Hungama

 

 

 

Vin Diesel | Biography, Movies, & Facts | Britannica

 

Giants Live

 

 

 

 

The Grip Strength King: MARK FELIX - YouTube

 

 

 

 

Vin Diesel , Paul Walker or the strong man--- Mark Felix

 

 

--- Cardi B ,   Vin Diesel , Paul Walker or the

 

 

 

 

strong man Mark Felix 

 

 

Which Fast & Furious Character Are YOU ?

The Good , The Bad , The Ugly 

 

Which Fast & Furious Character Are YOU ?

 

Cardi B ,Vin Diesel , Paul Walker

 

 

or the

 

 

 

strong man Mark Felix 

=======================================================================

 

Stock picking,

 

" 2 " -

TOP PICKS POSITIVE MOMENTUM STOCKS IN SEPTEMBER 2021

KLSE KGB + KGB WB + OCB /5533

===============================================================

 

BREAKING NEWS 

BREAKING NEWS 

 

Kelington poised for rebound, says RHB Retail Research

/
October 07, 2021 07:45 am +08
 
 
 
 
 
Kelington poised for rebound, says RHB Retail Research
-A+A
 

KUALA LUMPUR (Oct 7): RHB Retail Research said Kelington Group is poised for a rebound from the recent pullback, after it bounced off the 21-day average line recently – it opened with a gap then headed towards the all-time high of RM1.88.

In a trading stocks note on Thursday, the research house said if the stock manages to breach that level, the momentum is expected to propel the stock towards the uncharted territory of the RM2.00 psychological level, before possibly hitting the RM2.10 threshold.

“However, this expectation will be cancelled if it falls below the support of RM1.70,” it said.

==================================================================================================================
 
 
  
October 20, 2021

 

 

 

 

Disrupted

 

 

 

 

'They'll have to pay': Malaysia chip crunch triggers new era in supply deals

 
By 
5 minute read
1/5

A worker inspects chips at the semiconductor packaging firm Unisem (M) Berhad plant in Ipoh, Malaysia October 15, 2021. REUTERS/Lim Huey Teng

  • Customers accept take-or-pay, longer contracts -assembly firm
  • Many suppliers in Malaysia still not running at 100% capacity
  • Plant operators cautious on risk of COVID shutdowns, costs
  • Shortages likely to continue 2-3 years - chip industry executive

KUALA LUMPUR, Oct 20 (Reuters) - Malaysian electronics firms central to the supply of basic chips that drive the world's cars, smartphones and home devices say big-name customers are beating on their doors to lock in take-or-pay, longer-term deals - and happy to pay more if need be.

Manufacturers are rushing to replenish chip stocks depleted during coronavirus pandemic factory curbs - not least automakers who earlier cancelled orders expecting poor demand. That chip shortage has slammed their output, and still dislocates supply chains, just as consumer demand ramps up along with a global easing of COVID restrictions in everyday life.

At factories in Malaysia, operators like chip packaging firm Unisem (UNSM.KL) say that drive is leading buyers that sell chips on to auto and electronics manufacturers to become willing to sign up for big price hikes, some even asking for as many assembled chips as plants can produce - whatever the cost.

But Malaysia's chip assembly industry, accounting for more than a tenth of a global trade worth over $20 billion, warns that shortages - exacerbated by years of under-investment in basic chip production, while high-end semiconductors were favoured - will last at least two years.

Firms must marry the need to ramp up production with the imperative to avoid COVID-19 infections in factories that could trigger complete shutdowns.

"The shortage is very real," said John Chia, chairman of Unisem. "For CEOs (of our clients) to escalate their issues to me directly shows that this is a serious matter ... now they want to talk to me directly," he told Reuters.

Chia declined to provide names of clients requesting as much supply as they can get their hands on. Unisem's customers include suppliers to global carmakers and electronics firms like Apple (AAPL.O).

He said demand is so robust that its Chengdu plant in China is booked out for the whole of next year - and it will take months for it to clear backlogs for some automotive components.

 
 
 
 
 
 
 

 

 

 

 
 
=======================================================================
 

Latest Official Announcement in 
 

KLSE

 

 

image.png

Announcement details

 

OTHERS KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY") - AWARD OF CONTRACT WORTH APPROXIMATELY RM40 MILLION

KELINGTON GROUP BERHAD

Type Announcement
Subject OTHERS
Description
KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY")
- AWARD OF CONTRACT WORTH APPROXIMATELY RM40 MILLION

Further to the earlier announcements dated 18 August 2021 and 6  September 2021 in relation to the award of contract, the Board of Directors of the Company is pleased to announce that Puritec Technologies (S) Pte Ltd (“PTS”), an indirect wholly-owned subsidiary of Kelington had on 4 October 2021 received an award of contract from the Customer who is a global leader in engineering and project management of high-technology facilities to undertake the supply and installation of process  exhaust distribution ductwork for a global leading semiconductor manufacturer’s new fab in Singapore (“the Contract”).

 

The Contract value is worth approximately RM40 million. The works includes design, supply, delivery to site, installation, testing and handing over shall commence in mid-October 2021 and expected to be completed by December 2022.

 

The Contract is expected to contribute positively to the earnings and net assets of Kelington for the financial years ending 31 December 2022. 

 

None of the Directors and/or major shareholders of the Company and/or persons connected to them have any interests, direct or indirect in the Contract.

 

The Company does not foresee any exceptional risk other than normal operational risk associated with the Contract.

 

This announcement is dated 5 October 2021.





Announcement Info

Company Name KELINGTON GROUP BERHAD
Stock Name KGB
Date Announced 05 Oct 2021
Category General Announcement for PLC
Reference Number GA1-05102021-00014
 

 

 

Kelington bags RM40m job to build gas systems distribution works for Singapore fab

 

 
/
October 05, 2021 13:45 pm +08
 
 
Kelington bags RM40m job to build gas systems distribution works for Singapore fab
-A+A
 

KUALA LUMPUR (Oct 5): Kelington Group Bhd (KGB) has bagged a contract worth RM40 million to build specialty gas systems distribution works for a new fab in Singapore.

In a bourse filing on Tuesday, KGB said its indirect wholly-owned subsidiary Puritec Technologies (S) Pte Ltd had received the contract to design and build the exhaust distribution ductwork.

It said the works shall commence in mid-October 2021 and are expected to be completed by December 2022.

To recap, on Aug 18, KGB had said its unit Kelington Engineering (S) Pte Ltd (KES) had received an award of contract from a global player in engineering and project management of high-technology facilities to undertake the specialty gas systems distribution works for GlobalFoundries’ new fab in Singapore.

Subsequently, on Sept 6, KGB had said KES had secured a job worth RM49 million to undertake the bulk gas system distribution works for a global semiconductor manufacturer’s new fab in Singapore.

KGB said the contract is expected to contribute positively to its earnings for the financial year ending Dec 31, 2022.

KGB was last traded at RM1.65, valuing it at RM1.07 billion.

 
 

Kelington bags RM40m job to build gas systems distribution works for Singapore fab

TheEdge Tue, Oct 05, 2021 01:45pm - 4 hours ago View Original


KUALA LUMPUR (Oct 5): Kelington Group Bhd (KGB) has bagged a contract worth RM40 million to build specialty gas systems distribution works for a new fab in Singapore.

In a bourse filing on Tuesday, KGB said its indirect wholly-owned subsidiary Puritec Technologies (S) Pte Ltd had received the contract to design and build the exhaust distribution ductwork.

It said the works shall commence in mid-October 2021 and are expected to be completed by December 2022.

To recap, on Aug 18, KGB had said its unit Kelington Engineering (S) Pte Ltd (KES) had received an award of contract from a global player in engineering and project management of high-technology facilities to undertake the specialty gas systems distribution works for GlobalFoundries’ new fab in Singapore.

Subsequently, on Sept 6, KGB had said KES had secured a job worth RM49 million to undertake the bulk gas system distribution works for a global semiconductor manufacturer’s new fab in Singapore.

KGB said the contract is expected to contribute positively to its earnings for the financial year ending Dec 31, 2022.

KGB was last traded at RM1.65, valuing it at RM1.07 billion.

===========================================================================

 

Raytheon And GlobalFoundries Collaborate On New GaN Process

News

Strategic collaboration and licensing agreement will focus on technology for future wireless networks

Raytheon Technologies, an aerospace and defence firm, and the US foundry company GlobalFoundries (GF), will collaborate to develop and commercialise a new GaN-on-Si process designed for 5G and 6G mobile and wireless infrastructure applications.

Under the agreement, Raytheon Technologies will license its proprietary GaN-on-Si technology and technical expertise to GF, which will develop the new process at its Fab 9 facility in Burlington, Vermont.

"Raytheon Technologies was one of the pioneers advancing RF gallium arsenide technology which has been broadly used in mobile and wireless markets, and we have similarly been at the forefront of advancing GaN technology for use in advanced military systems," said Mark Russell, Raytheon Technologies' chief technology officer. "Our agreement with GlobalFoundries not only demonstrates our common goal to make high performance communications technologies available at an affordable cost to our customers it continues to prove how investments in advanced defence technologies can improve lives, as well as defend them."

"This is a win for Vermont and a win for the United States," said Senator Patrick Leahy, chairman of the Senate Appropriations committee. "This collaboration between a world-class manufacturer, GlobalFoundries, and Raytheon Technologies, a leader in technological innovation, is good news for the nation's semiconductor supply chain and competitiveness."

"GlobalFoundries' innovations have helped drive the evolution of four generations of wireless communications that connect over 4 billion people. Our collaboration with Raytheon Technologies is an important step to ensuring the development and manufacturing capability of solutions for critical future 5G applications," said GF CEO Tom Caulfield. "This partnership will enable everything from AI-supported phones and driverless cars to the smart grid, as well as governments' access to data and networks which are essential to national security."

Combined with GF's manufacturing expertise and services in RF, testing, and packaging, the new GaN offering will increase RF performance while maintaining production and operational costs, enabling customers to achieve new levels of power and power-added efficiency to meet evolving 5G and 6G RF mm-wave operating frequency standards.

This collaboration with Raytheon is the latest of several strategic partnerships for GF.

GF employs nearly 2,000 people at Fab 9, and more than 7,000 people across the US. Over the past 10 years the company has invested $15 billion in US semiconductor development and is doubling its planned investment in 2021 to expand capacity and support growing demand from the US government and industry customers for secure processing and connectivity applications.

CS International to return to Brussels – bigger and better than ever!

 


The leading global compound semiconductor conference and exhibition will once again bring together key players from across the value chain for two-days of strategic technical sessions, dynamic talks and unrivalled networking opportunities.

 

https://youtu.be/GlEX7WAxLrs

 

 

KELINGTON GROUP BERHAD

("KELINGTON" OR "THE COMPANY") -

AWARD OF CONTRACT WORTH ABOUT

RM420 MILLION

 

KELINGTON GROUP BERHAD

 

 

 

Type Announcement
Subject OTHERS
Description
KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY") - AWARD
 
 
OF CONTRACT WORTH ABOUT RM420 MILLION
 

The Board of Directors of the Company is pleased to announce that Kelington Technologies Sdn Bhd (“KTSB”), a wholly-owned subsidiary of Kelington had on

 

14 September 2021 received an award of contract from a manufacturing company at

 

Sama Jaya Free Industrial Zone in Kuching to undertake the construction work with respect to their

 

Sarawak Expansion   Project (“the Contract”).

 

 

The manufacturing company is owned by a

 

 

US multinational company,

 

 

a world leading

 

 

developer, manufacturer, and provider of data

 

 

storage devices and solutions.

 

 

The Contract value is worth about RM420 million subject to the actual amount of works carried out, depending on variation orders, scope options and value engineering. The works shall commence in mid-September 2021 and expected to be completed by 31 December 2022.

 

The Contract is expected to contribute positively to the earnings and net assets of Kelington for the financial years 31 December 2022 and 31 December 2023. 

 

None of the Directors and/or major shareholders of the Company and/or persons connected to them have any interests, direct or indirect in the Contract.

 

The Company does not foresee any exceptional risk other than normal operational risk associated with the Contract.

 

 

 

This announcement is dated 14 September 2021.



 


Announcement Info

Company Name KELINGTON GROUP BERHAD
Stock Name KGB
Date Announced 14 Sep 2021
Category General Announcement for PLC
Reference Number

GA1-14092021-00053

 

=======================================================================
 
 
By Azanis Shahila Aman - November 6, 2020 @ 11:00am
 
 

Western Digital to build

 

 

 

RM1bil plant in Sarawak under

 

 

 

RM2.3bil Malaysian expansion

 

 

 

 

KUALA LUMPUR: American hard disk drive manufacturer

 

Western Digital has set aside RM1 billion

 

of its RM2.3 billion additional investment in

 

Malaysia to build a new plant in Sarawak.

 

The balance of RM1.3 billion would be used to upgrade its existing facilities particularly in Penang, Western Digital (Malaysia) Sdn Bhd chairman Datuk Syed Hussian Aljunid said.

The RM2.3 billion will take Western Digital's total investment in Malaysia to almost

RM18 billion since establishing its operations here in 1973.

The Prime Minister's Office (PMO) had earlier announced that the new investment was agreed upon during a meeting between Prime Minister Tan Sri Muhyiddin Yassin and Syed Hussian on Thursday.

 

The new investment by Western Digital reflected the government's ability in managing the economy and bringing back investors' confidence despite the Covid-19 pandemic, PMO said in its statement yesterday.

Muhiyiddin welcomed any company wanting to invest in a high-impact and technology-based industry here, it added.

"The government through the Ministry of International Trade and Industry, Malaysian Investment Development Authority and other related agencies are always committed to attracting investment and convincing investors to invest or make additional investments in Malaysia.

"Western Digital's additional investment reflects high confidence of foreign investors towards the government in helping investors to expand their investment and operations in the country," PMO said.

Meanwhile, Syed Hussian said the company's decision to channel new investments was driven by the favourable operating conditions and support from the Prime Minister and government ministries.

"Western Digital Malaysia wants to express our profound gratitude to the Prime Minister and the government for their continued support of the local manufacturing industry especially during the Covid-19 pandemic.

"The unrelenting efforts to balance public health and the needs of manufacturers is a testament to the Prime Minister's unwavering commitment to the well-being of Malaysian citizens and its economy," Syed Hussian said at a press conference here yesterday.

He said the RM2.3 billion would be used to expand the company's facilities in Penang and Sarawak.

"Of the total, RM1 billion will be utilised to build a new factory in Kuching, Sarawak, which will add 30 per cent to our hard disk drive production capacity, and RM1.3 billion is for new equipment facilities," Syed Hussian added.

Western Digital currently has facilities in Penang, Selangor, Johor and Sarawak.

Syed Hussian said the new investment was expected to provide additional employment opportunities for 2,000 people.

He also said Western Digital's salary cost in Malaysia would increase by RM80 million annually.

"The company currently employs over 9,000 people in Malaysia whose contributions are critical to the global supply chain of storage devices, data centre systems and cloud storage devices," he added.

==============================================================================================================================================

 

Western Digital Logo Vector – Brands Logos

 

 

 

 

 


 
 
 
 
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Western Digital Market Cap:

17.76B for Sept. 14, 2021
 
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Historical Market Cap Data

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Data for this Date Range  
Sept. 14, 2021 17.76B
Sept. 13, 2021 18.06B
Sept. 10, 2021 17.90B
Sept. 9, 2021 18.14B
Sept. 8, 2021 17.93B
Sept. 7, 2021 18.65B
Sept. 3, 2021 18.96B
Sept. 2, 2021 19.03B
Sept. 1, 2021 18.85B
Aug. 31, 2021 19.51B
Aug. 30, 2021 19.16B
Aug. 27, 2021 19.53B
Aug. 26, 2021 19.32B
Aug. 25, 2021 20.22B
Aug. 24, 2021 18.76B
Aug. 23, 2021 19.23B
Aug. 20, 2021 18.54B
Aug. 19, 2021 18.39B
Aug. 18, 2021 18.84B
Aug. 17, 2021 18.83B
Aug. 16, 2021 19.05B
Aug. 13, 2021 19.45B
Aug. 12, 2021 19.21B
Aug. 11, 2021 20.55B
Aug. 10, 2021 20.17B
Aug. 9, 2021 20.82B
   
Aug. 6, 2021 21.18B
Aug. 5, 2021 20.66B
Aug. 4, 2021 20.00B
Aug. 3, 2021 20.37B
Aug. 2, 2021 19.92B
July 30, 2021 20.00B
July 29, 2021 19.85B
July 28, 2021 19.56B
July 27, 2021 19.21B
July 26, 2021 19.80B
July 23, 2021 19.64B
July 22, 2021 19.42B
July 21, 2021 19.85B
July 20, 2021 19.91B
July 19, 2021 19.40B
July 16, 2021 19.77B
July 15, 2021 20.61B
July 14, 2021 21.56B
July 13, 2021 21.58B
July 12, 2021 21.83B
July 9, 2021 21.61B
July 8, 2021 20.89B
July 7, 2021 21.35B
July 6, 2021 21.30B
July 2, 202

 

=======================================================================

 
 
 
LATEST NEWS 
 
 
 
ON TARGET PRICE : RM 2.50 
 
 
 
 
 
ON TARGET PRICE : RM 2.50 
 
 
 
 
 
ON TARGET PRICE : RM 2.50 
 
 
 
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Top 10 Score Arrow Target Best Ten Ratings Reviews Stock Illustration -  Illustration of achievement, lists: 39610253
 
 
 
 
 
Premium Vector | Gold, silver, bronze awards for the winner. a set of  luxury awards best place for champion of the game.
 
 
 
 
 
 

Kelington Group - Bonanza! And More to Come

Date: 15/09/2021

Source  :  KENANGA
Stock  :  KGB       Price Target  :  2.50      |      Price Call  :  BUY
        Last Price  :  1.66      |      Upside/Downside  :   +0.84 (50.60%)
 


A huge surprise! KGB clinched its largest job win worth RM420m, doubling its existing order-book which was already at all-time high levels before this. The job entails a turnkey construction of a new semiconductor fab in Kuching for a US listed memory company which will begin immediately as the US client is scrambling for capacity to keep up with the surge in memory chip demand. This brings YTD order wins to a new high of RM764m while order-book hits a record RM822m, nearing its current market cap. KGB remains our top hidden gem pick owing to its healthy job pipeline and secular growth story. Maintain OUTPERFORM with a higher TP of RM2.50.

Largest job win; 4x its typical contract size. Kelington Group (KGB) surprised us with its single largest job award ever worth RM420m (4x the size of typical contracts) from a US listed semiconductor manufacturing company at Sama Jaya Free Industrial Zone in Kuching to undertake a turnkey construction for an entire new semiconductor fab, focusing on memory chip. KGB is tasked with handling the whole project, involving all three of its business segments (UHP, Precision Engineering and General Contracting). The job will begin immediately and is slated to be completed by end-2022 as the US customer is urgently in need of new capacity to accommodate the surging demand for its memory and data storage products. This is in line with our observation on the tech space that chip shortage will remain in the foreseeable future as the surge in semiconductor demand continues to outpace capacity expansion.

Orderbook nears current market cap. Inclusive of this recent win, KGB has secured a record-breaking RM764m (vs. FY19 of RM490m) new job wins in 2021, exceeding our expectation of RM500m. Meanwhile, its outstanding order-book has ballooned to another all-time high of RM822m, which is more than double of FY20 revenue. Interestingly, its order-book has grown very close to its current market capitalisation.

Sufficient resources to take on more jobs. The recent completion of one of its large projects in Penang couldn’t have been timelier as this frees up resources for the group to take on the new turnkey job in Kuching. Note that the relationship of higher revenue recognition and overhead expense is nonlinear, which means KGB is able to enjoy economies of scale and better margin as we anticipate the group to achieve back-to-back record revenue and earnings for FY21 and FY22.

Still, more to come. Reiterating our positive view, we expect more fab expansion to come and KGB is in a favourable position to benefit from more UHP jobs, with the management showing no signs of slowing down in terms of securing new jobs. The group’s tender-book remains elevated at RM1.1b.

Raise FY21E-22E earnings by 4% and 33% to RM32.3m and RM47.0m, representing growth of 85% and 46%, respectively.

Maintain OUTPERFORM with a

 

 

higher Target Price of

 

 

 

RM2.50 (previously RM1.50)

 

 

 

on FY22E PER of 33x (+1SD to 3-year peer mean), justified by the group’s healthy job pipeline and secular growth story.

Risks to our call include: (i) slower revenue recognition due to Covid-19, (ii) downturn in semiconductor sales, and (iii) delay in liquid CO2 ramp up.

Source: Kenanga Research - 15 Sept 2021

 

=========================================================================

 

Please note : the number of huge

 

 

quantities of shares

 

 

the main directors are buying in

 

 

KGB WB , with official disclosures .

 

 

 

 

 

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BREAKING NEWS 

BREAKING NEWS 

BREAKING NEWS 

 

Technology - Riding on the Chip Crunch

Date: 01/10/2021
 
Source  : 

KENANGA

Stock  :  KGB       Price Target  :  2.50      |      Price Call  :  BUY
        Last Price  :  1.73      |      Upside/Downside  :   +0.77 (44.51%)

 

In line with global move towards 5G adoption, Malaysia is also switching off its 3G connectivity to free up the 2100Mhz and 900Mhz for redeployment towards 4G and 5G. With demand for consumer electronics and automotive (especially EVs) showing no signs of slowing, wafer fabs in Asia continue to see the need to expand their capacity, further reinforcing our investment thesis on Kelington Group (OP; TP RM 2.50 ), as a prime beneficiary. 

TSMC and other wafer fab players had in recent earnings call stated that they are planning to build more capacity for the automotive industry which typically takes 12-18 months, this explains why automotive semiconductor players (e.g. Infineon, ST Micro and Renesas) are already locking in orders 1-2 years in advance.

 

Such development continues to favour our

 

 

hidden gem pick, KGB / 0151 

 

 

 

Kelington Group (OP; TP: RM2.50),

 

as a prime candidate to benefit from fab expansions in Asia. Even with share price surging more than 3.2x (inclusive of free warrants) since our non-consensus initiation report on 11 Nov 2020, it still remains as our 

 

***high conviction buy *** 

 

as the group is expecting more ultra-high purity gas system (UHP) job awards from fabs in China and Singapore.

 

 
 
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BREAKING NEWS
 
 
 
Technology: KGB 
 
 
 

Market Chat - 4Q21 Outlook & Strategy - Recovery begins with an ENDemic

Author:    |    Publish date:  Mon, 27 Sep 2021, 11:01 AM


  • We believe Covid-19 may turn endemic as more than 80% of the adult population has been vaccinated. That may provide potential economic recovery going forward and we are anticipating some goodies for the construction, tourism, and consumer sectors in the upcoming Budget 2022 to boost the economy.
  • Recovery theme play should be interesting under the NRP from 4Q2021 going into 2022 as business activities are likely to return to normalcy by then.
  • Also, we like technology and telco on the back of higher adoption for 5G and IoT devices, electric vehicles as well as the 5G rollout story in Malaysia.

Covid-19 status

  • Subsiding Covid-19 sub-indicators. Despite the daily cases on the local front still hovering above 15k mark, most of the important indicators such as death toll, hospitalisation rate, ICU occupancy are on a declining trend since two weeks ago.
  • Smooth vaccination progress. Nearly 60% of the total population has achieved fully vaccinated status (2 doses), while about 70% of the total population have done at least 1 dose. Meanwhile, Klang Valley (KV) is getting nearer to the 80% mark on the fully vaccinated status.
  • Malaysia in gradual recovery mode… Kedah is currently under Phase 1 and most of the states are in Phase 2 and Phase 3. Meanwhile, Labuan and Negeri Sembilan are the regions with Phase 4 status under the National Recovery Plan. PM has announced that offices will be allowed to operate under certain conditions from 17th Sept 2021 if their workforce is 40-60% fully inoculated. Also, interstate travel and tourism activities are allowed when adult vaccination rate is above 90%.
  • Crucial 80% target. Although most of the indicators are pointing for a recovery, the downside risk could be the Delta variant. Hence, the 80% fully vaccinated target for Malaysia citizens will be important for the economic recovery going forward. Still, wearing facemasks and social distancing should continue to reduce daily infections.

Economic review and outlook

  • The Federal Reserve is less dovish. The Fed maintained its interest rate and asset purchase programme direction, but signals potential interest rate hike by end-2022. However, the next meeting in November may send more clues to future monetary policies. Do note that the Fed is purchasing at least USD120bn of bonds monthly.
  • Stimulus packages should be cushioning the downside risks.
  •  
  • Over the past 1.5 years, Malaysia has put
  •  
  • in efforts releasing stimulus packages,
  •  
  • worth roughly RM380bn to support the
  •  
  • economy. We opine these measures are
  •  
  • able to cushion the downside risk.
  •  
  • However, to reboot the economy to the
  •  
  • fullest potential we think the government
  •  
  • will need to provide more boosters in the
  •  
  • upcoming Budget 2022.

 

  • Near term domestic focus. Domestic driven catalysts are likely to be seen in Budget 2022, as the travel borders remained restricted. Thus, higher development expenditure is expected and may benefit the construction sector, while measures or policies related to domestic tourism, automotive and property sectors could be crafted to rekindle the domestic consumption activities.
  • Lower expectation on economic growth. In 2020, Malaysia’s GDP contracted -5.6% YoY. Based on Bloomberg consensus, Malaysia’s GDP is projected to grow at a rate of 4.1% and 5.7% in 2021-2022. Do note that MoF has toned down their projections for 2021 to 3-4% (vs. 6.5-7.5% in Budget 2021), and this will be a realistic target as we are coming out of the Covid-19 pandemic environment.

Market review and outlook

  • Global markets look overvalued, while the local market is at a discount. The MSCI World Index and S&P500 are trading at 24.2x and 26.7x vs. 10Y avg PE of 19.7x and 19.5x, respectively, while the FBM KLCI is trading at 14.9x PE (10Y avg PE of 17.7x).
  • Trading activities slowed down, but foreign funds are returning. YTD average daily trading value (ADTV) dropped 26.2% to RM3.75bn in 2Q21 (1Q21: RM5.08bn). QTD, ADTV has declined further to RM2.85bn. Nevertheless, foreign investors have turned net buyers for the month of August, scooping up RM1.05bn in equities, while MTD registered another RM847.9m of buying flows in the local exchange.
  • Big caps were flat, but small caps gained strength. In 3Q21, the FBMKLCI was flat, while FBM Small Cap and FBMACE added 3.0% and 3.1%, respectively. Overall, technology (+23.0%) was the leading sector, followed by the industrial products (+7.7%) sector. Meanwhile, the healthcare and energy sectors lost -13.7% and -9.9% respectively.
  • Supercycle commodities are still upward trending. Most of the commodities that have rallied under this Covid-19 pandemic due to shipping disruptions and supply constraints could remain elevated. However, technical readings on Bloomberg Commodity Index might be forming bearish divergence signal.

 

4Q21 Strategy – Recovery begins with an ENDemic

  • Covid-19 induced recession to regain momentum. Economy contracted in 2020, but we opine that the recovery is on its way. With the help of a smooth vaccination drive, 80% of Malaysia’s adult population are fully vaccinated with Covid-19 vaccine and it will be meaningful for businesses to operate under comfortable conditions with less severe Covid-19 conditions. Eventually, rebooting the economic activities in a broader manner and returning to normalcy by 2022.
  • Restarting the construction is crucial… Given the international travel restrictions are not uplifted, we expect more infra works to be seen in the upcoming Budget 2022 and that should kick start the economy at least for the domestic front. Also, we favour the building material segment, which is the proxy to the construction sector.
  • …and revitalising the domestic economy. While waiting for the international borders to be uplifted, domestic tourism will be important in stimulating the economy. With the Langkawi travel bubble pilot project started recently, we feel the revenge spending is surfacing in a significant manner and that should be a decent catalyst for tourism, aviation and consumer related stocks.
  • Technology sector is likely to be the winner. 
  •  
  •  
  • Technology sector continues to rise despite the chip shortages issues
  •  
  •  
  • globally; the Bursa Technology Index rose 39% YTD.
  •  
  •  
    Technology: KGB 
 
  • We believe the adoption in 5G and IoT devices, as well as higher demand in electronic gadgets under the Covid-19 environment will remain as the main catalysts for the sector. Meanwhile, the hype in electric vehicles will continue to provide positive sentiment for the sector.
  • Progressive 5G rollouts in Malaysia. Malaysia has setup the National 5G Task Force in Nov 2018 and introduced Jalinan Digital Negara (JENDELA) in Aug 2020 to provide wider coverage and better quality of broadband experience for the Rakyat and it was further supported by the Digital Economy Blueprint – MyDIGITAL that focuses on the rollout of 5G technology going forward, where Malaysia’s 5G network and infrastructure across the whole nation will be done by Malaysia’s single wholesale 5G-network operator - Digital Nasional Berhad (DNB).
 
Technology: KGB 
 
 
The repeated customers for KGB /0151 ; as
 
 
 
KGB/0151 with the huge potential to be the
 
 
 
hidden jewel for the dynamics growth of
 
 
 
sales revenues that will translate into
 
 
 
EPS for KGB/0151 into a shinning star in the
 
 
 
" Technology Sector " in KLSE.
 
 
Repeated customers for KGB /0151 
 
1. S M I C = Semiconductor Manufacturing International Corporation,
 
China 
 
 
2. T S M C = Taiwan Semiconductor Manufacturing Company , Taiwan 
 
 
3. Micron Semiconductor Asia Operations Pte. Ltd ., Singapore   
 
 
4. Lam Research Singapore Pte. Ltd., Singapore 
 
 
5. Stolthaven ( Westport ) Sdn. Bhd. , Westport , Pulau Indah,
 
Port Klang ,Selangor 
 
 
 
 
 
 
 
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https://youtu.be/YOctZudeOpo
 
 
 
A pro cyclist crossing a finish line without realizing he won the race victory bike bicycle discover-winning GIF
 
 
 
 
 
 
5155ff40-4398-4215-9574-2ad53e9a88fa.gif | Distant Echoes News Website
 
 
 
 
 
 
SEE_RESEARCH 
 
 
KGB / 0151 
 
 
 
1st Target Price  RM 2.00 
 
 
 
2nd Target Price RM 2.50 
 
 
Let us witness another explosive run up on the prices
 
 in another 14  trading days , will it be
 fast & furious to 
 

RM 2.00 and
 
 
above RM 2.50 
 
 
 
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osim bwf world superseries bwf victory sports badminton discover-winning GIF
 
 
 
 
 
 
 
Realmadrid Soccer GIF - Realmadrid Soccer Trophy - Discover & Share GIFs
 
 
 
 
 
 
 
SEE_RESEARCH 
 

 
 
KGB Warrant WB / 0151 
 
 
 
 
1st Target Price  RM1.00 
 
 
 
 
 
2nd Target Price RM1.30 
 
 
 
 
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image.png

image.png

 
 
 
 
Please clip on the short video
 
 
 
 
clips : 
 
 
 
 
 
 
 
 
Which Fast & Furious Character
 
 
 
Are You 

https://www.bing.com/videos/search?view=detail&mid=F9A7D52834A42E6DC1B5F9A7D52834A42E6DC1B5&q=fast


https://www.youtube.com/watch?v=JXW8_h6cvUo

 

 
 
 
 

 

 
 

 

 

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Kelington records 

 

 

11-fold hike in 2Q net

 

profit

Financial Profit Infographic With Upward Arrows | Templates PowerPoint  Slides | PPT Presentation Backgrounds | Backgrounds Presentation Themes

 

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NEWSFLASH ON NASDAQ 
 
NEWSFLASH ON NASDAQ 
 
NEWSFLASH ON NASDAQ 

In the financial , stock market theme in US is the technology sector , 

Nasdaq with the 52 weeks , low is 10,519 points and the high is 15,385 points , the closing for 2 September 2021 is near the historical high ( 15,390 points )
14,836 points and now KLSE - technology stocks in
 Technology sector  enjoy positive  momentum ,
 and the spillover strong positive effects included 
 
  3. KGB / 0151 Warrant for High Conviction Buy
 
3.1  KGB /0151 , one of their key business is 

UHP DELIVERY SYSTEMS


We serve industries that require ultra high purity (UHP) gases and chemicals in specialized applications. Having a strong understanding of the unique characteristics of these specialty gases and chemicals, we engineer solutions that ensure safe handling of the delivery and distribution of these substances all the way from source to equipment to waste disposal.

The use of gas purification and abatement technologies are critical to ensure that gases fed into the UHP delivery system are of specified purity level, while the waste gases produced as a result are treated accordingly prior to disposal.

 

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