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KLSE: KGB       KELINGTON GROUP BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.30 1.35     +0.05 (3.85%)
* 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
12/02/2019 1.22 1.60 +0.38 (31.15%) BUY Affin Hwang Capital Price Target News
13/12/2018 1.04 1.60 +0.56 (53.85%) BUY Affin Hwang Capital Price Target News
26/11/2018 1.17 1.38 +0.21 (17.95%) BUY Rakuten Price Target News
23/11/2018 1.19 1.60 +0.41 (34.45%) BUY Affin Hwang Capital Price Target News
10/10/2018 1.27 1.60 +0.33 (25.98%) BUY Affin Hwang Capital Price Target News
03/10/2018 1.06 1.60 +0.54 (50.94%) BUY Affin Hwang Capital Price Target News
03/09/2018 0.85 1.06 +0.21 (24.71%) BUY Rakuten Price Target News


Price Target Research Article/News (past 6 months)
12/02/2019  Affin Hwang Capital Kelington - Chinese New Year Angpao
13/12/2018  Affin Hwang Capital Oil & Gas - Calmer Environment Should Drive Up Oil Prices
26/11/2018  Rakuten Kelington Group Bhd - Industrial gas fuelling growth
23/11/2018  Affin Hwang Capital Kelington - 9M18: Generating Ultra High Earnings
10/10/2018  Affin Hwang Capital Kelington - Ultra-high Purity (UHP) Contract Wins
03/10/2018  Affin Hwang Capital Kelington - Initiation: Gassing Up to Soar Higher
03/09/2018  Rakuten Kelington Group Bhd - Industrial gas player to watch



  12 people like this.
 
Jasper Coo how high do you think the uptrend will reach?
31/01/2019 10:36
Huat1 It depending on what trader/investor you are... different strategy needed for success
31/01/2019 10:38
Huat1 ...based on your timeline
31/01/2019 10:38
Investar2862 https://www.tradingview.com/chart/0151/mKf4YXYE-Kellington-Chart-Looking-Good/
31/01/2019 11:00
Veron_teo lolm chart nice = sell
31/01/2019 12:08
Investar2862 Be patient... keep waiting

Posted by Veron_teo > Jan 11, 2019 10:13 PM | Report Abuse

wait back 0.9. now too high
31/01/2019 12:36
ANALyst game over.
07/02/2019 15:39
Muhd Hasif Kamarudin https://www.thestar.com.my/business/business-news/2019/02/11/kelington-secures-rm93m-contract-in-singapore/
11/02/2019 13:25
ANALyst lol, sure gap up and close in red ... con man counter
11/02/2019 13:40
James Ng https://klse.i3investor.com/blogs/general/192917.jsp
[转贴] [KELINGTON GROUP BHD:来自中国,马来西亚和新加坡的强劲订单补货,因为年初至今的新订单增加至3.72亿令吉,其中大部分来自UHP部门,订单增加至5.63亿令吉,其中3.23亿令吉仍然未入账] - James的股票投资James Share Investing
11/02/2019 15:33
paperplane Research by Affin Hwang Capital
BUY (maintain); Price Target: RM1.60; Upside: +31%

Chinese New Year Angpao
Kelington (KGB) has announced its maiden 2019 contract win amounting to SG$31m (RM93m). The group is off to a good start to surpass the FY18 total replenishment wins of RM424m, which were a record high. The award of this contract by one of the world's largest gas companies showcases KGB’s ability and repute as a UHP player. We maintain our BUY call and target price of RM1.60.

Tan Jianyuan, ACCA
(603) 2146 7538
Jianyuan.tan@affinhwang.com
12/02/2019 10:43
paperplane Tp 1.60,wow. In 2 years. Probably
12/02/2019 11:29
Veron_teo will slowly sink back to 1.1
12/02/2019 17:58
paperplane Its a longterm thing. Get contract also need time to translate to profits
13/02/2019 06:48
ANALyst share price very high d
13/02/2019 10:00
shpg22 Downgrade to 0.75. Current price already factor in massive growth.
13/02/2019 11:29
Yu_and_Mee @shpg22, 0.75 is referring to the mother share or the warrant, can you please confirm?
paperplane said 1.60 should be for mother share.
paperplane is more famous and more accurate and more realistic.

i want to see. now i consider high for me with my limited knowledge but may be not high for the rest who may know more than me on this company.
13/02/2019 11:39
Yu_and_Mee @paperplane, if i buy now do you think it's good or too high for new buying?
13/02/2019 11:39
ANALyst thanks shpg22!
13/02/2019 11:40
Yu_and_Mee just notice this counter is ATH! OMG, miss this plane
13/02/2019 11:41
paperplane Not too late. This stocks is most called among all invt banks. There must be something so unique!
13/02/2019 11:59
paperplane U know why they can keep winning contracts?? Their skills is unique! It got moat. Industrial gas, China is moving to tht direction in macro. Its going to be great for them, the 5yr bluesky policy. Move according to policy. Remember this, its always longterm inpact for policy investment.
13/02/2019 12:02
Bigbull99 Totally agree with paperplane. This is not an overnight company, long term steady growth kind of company. It will definitely surpass RM500mil project wins in 2019, beating their RM424mil in 2018.
13/02/2019 12:05
Huat1 Good company to invest :D)
13/02/2019 12:19
Huat1 At 1.24, it broke above its short-term downtrend line - bullish confirmation at above 1.26
13/02/2019 12:21
Huat1 Money flow = positive
Momentum picking up
13/02/2019 12:23
Yu_and_Mee @paperplane, i get you. I just bought in at 1.25. Thanks
13/02/2019 13:33
SuperPanda I bought below 80 and still keep.. : )
13/02/2019 13:43
SuperPanda when CO2 project runs this year, more income go into pocket
13/02/2019 13:44
paperplane Kelington (KGRB MK, MYR1.22, Not rated): Bagged MYR93m job; prospects look good

• Awarded a SGD31m contract.
• Set to ride on “Made in China 2025” wave.
• Trading at 12.8x consensus FY19 EPS.

What’s New? Kelington’s wholly-owned subsidiary, Kelington Engineering (S) Pte Ltd, was awarded a SGD31m contract (equivalent to MYR93m) to provide turnkey construction and engineering of an Ultra High Purity (UHP) electronics special gases plant in Singapore. The contract is expected to be completed by end of 2019.

This is the first contract win of the year, lifting its outstanding order book to ~MYR468m, equivalent to 1.3x of FY17 revenue, of which most of these will be recognised over the next few months. Last year, the group secured MYR424m worth of projects.

Prospects look intact. The latest contract win, which is for the UHP segment, is positive as it typically carries higher profit margin. This division will continue to benefit from the growing semiconductor business in China, riding on the “Made in China 2025” wave. Last year, contributions from China accounted for 41% of its 9M18 revenue.

Longer term, Kelington is trying to beef up its recurring income model, anchored by its Industrial Gases division. Beside the gas supply contract with Hanwa Q CELLS Malaysia S/B, it is understood that the construction of its liquid CO2 plant in Kerteh, Terengganu is on track to commence in 3Q19.

Judging from the healthy pipeline, the street is forecasting a 29.9% 2-year EPS CAGR for FY18-20. Note that the group is also tendering for MYR1.2b worth of contracts across its key operating markets of Malaysia, Singapore, China and Taiwan.

Valuation. Brokers are bullish on the stock with two Buys and a mean target price of MYR1.50. Valuation wise, the stock is trading at 12.8x consensus FY19 EPS of 9sen, lower than its 3-year historical average P/E of 16.0x.

Healthy balance sheet. Note that Kelington also has a healthy balance sheet. At end-Sep 2018, the group is sitting on a net cash of ~MYR53.6m, which is approximately 16% of its current market capitalisation.
13/02/2019 14:00
Yu_and_Mee wow, SuperPanda also investing in this counter. OK, i will keep for some time and see. Both Superpanda and Paperplane are here, make me feel stronger xD
13/02/2019 15:49
Veron_teo can go 2
13/02/2019 21:47
paperplane Veron,don't come kacau here
Go back to your carimin
13/02/2019 21:49
paperplane KGB or shld be 15 as it is growing....Anyway,no harm accumulate some slowly
13/02/2019 21:51
SuperPanda it was after rakuten made buy call the stock start to surge..
13/02/2019 21:59
m3379 Rakuten made 1st buy call on 26 November. I waited for the price to retreat to RM1 to make the buy.
13/02/2019 22:09
SuperPanda i was trading here since warrant at 30c and mother 70+..

i predict next qtr will be almost equal or slightly higher than prev...may not much hype.. it will be move further when co2 start contribute
14/02/2019 02:25
Veron_teo careful when you see superpanda...
14/02/2019 13:08
SuperPanda must be careful when you buy stock at historical high and when coming qtr not perform much better qoq and yoy

but if you know what you are buying then you no need to worry
14/02/2019 14:23
GRACE1966 There is risks building up, lots of contingency and hiding cost in contracting works for overseas jobs .
14/02/2019 19:56
Veron_teo grace which business no risk one lol
FD suit you.. no risk at all
14/02/2019 22:33
Yu_and_Mee buy to keep for 5 years. sell before next election.
15/02/2019 11:12
Veron_teo lol.
15/02/2019 18:08
Veron_teo stock market actually is ponzi. the last one loss. you should take profit when it rise significantly.
15/02/2019 18:09
SuperPanda the prob is you dunno which is the last... like buying penta at 0.4 until almost 4.0.. you might say 2.0 already significant

or when dufu start to rise from 1.0 until 3.0 in few mths where i lock profit at 30% but it went further up >100% gain

if u hve time pls analyze co2 profit projection when it start cntribute and parallel run uht, that would be its future value
15/02/2019 20:04
Kc Teh tempted to buy, but always see the selling volume is high, but no doubt next quarter results will be very good.
16/02/2019 00:46
Veron_teo sell q high is good sign lar.
16/02/2019 09:19
paperplane wow, 1.50 soon? with more and more contracts??
19/02/2019 12:17
SuperPanda patience, correct pick and belief will pay off in the long run
19/02/2019 12:49
Veron_teo omg strong dump from 1.3
19/02/2019 18:07

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