Highlights
KLSE: KIMLUN (5171)       KIMLUN CORP BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.705   -0.01 (1.40%)  0.70 - 0.715  422,500
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Financials


Market Cap: 240 Million

Market Cap 240 Million
NOSH 340 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 14-May-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 14-May-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  31-Dec-2019 [#4]

Latest Quarter: 31-Dec-2019 [#4]
Announcement Date 27-Feb-2020
Next Quarter: 31-Mar-2020
Est. Ann. Date: 30-May-2020
Est. Ann. Due Date: 30-May-2020
QoQ | YoY   35.88%  |    -27.06%

Annual (Unaudited) ( EPS: 17.19, P/E: 4.10 )

Revenue | NP to SH 1,302,819  |  58,407
RPS | P/RPS 383.38 Cent  |  0.18
EPS | P/E | EY 17.19 Cent  |  4.10  |  24.38%
DPS | DY | Payout % 3.30 Cent  |  4.68%  |  19.20%
NAPS | P/NAPS 2.12  |  0.33
YoY   -4.47%
NP Margin | ROE 4.48%  |  8.11%
F.Y. | Ann. Date 31-Dec-2019  |  27-Feb-2020

T4Q Result ( EPS: 17.19, P/E: 4.10 )

Revenue | NP to SH 1,302,819  |  58,407
RPS | P/RPS 383.38 Cent  |  0.18
EPS | P/E | EY 17.19 Cent  |  4.10  |  24.38%
DPS | DY | Payout % 3.30 Cent  |  4.68%  |  19.20%
NAPS | P/NAPS 2.12  |  0.33
QoQ | YoY   -9.60%  |    -4.47%
NP Margin | ROE 4.48%  |  8.11%
F.Y. | Ann. Date 31-Dec-2019  |  27-Feb-2020

Annualized Result ( EPS: 17.19, P/E: 4.10 )

Revenue | NP to SH 1,302,819  |  58,407
RPS | P/RPS 383.38 Cent  |  0.18
EPS | P/E | EY 17.19 Cent  |  4.10  |  24.38%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   5.08%  |    -4.47%
NP Margin | ROE 4.48%  |  8.11%
F.Y. | Ann. Date 31-Dec-2019  |  27-Feb-2020



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Adjusted EPS Growth 1 / 4 25.00% 1 / 8 12.50%
Total Dividend Years 1 / 4 25.00% 2 / 8 25.00%
Continuous Quarters Of Dividend 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 1 / 4 25.00% 1 / 8 12.50%
Average ROE 2.10% 2.24%
Average Net Profit Margin 4.49% 5.19%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 3 / 5 60.00% 3 / 10 30.00%
Total Positive Profit Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Positive Profit 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Profit Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted EPS Growth 0 / 5 0.00% 0 / 10 0.00%
Total Dividend Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE 11.84% 14.27%
Average Net Profit Margin 6.58% 5.93%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 1,302,819 1,302,819 1,302,819 952,398 1,058,861
NP to SH 58,407 58,407 58,407 54,994 68,172
Dividend 11,213 11,213 11,213 12,585 15,738
Adjusted EPS 17.19 17.19 17.19 16.18 20.06
Adjusted DPS 3.30 3.30 3.30 3.70 4.63

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue -3.91% 3.94% 28.74% -0.84% 11.62%
NP to Owner 35.88% -27.06% -4.47% 14.51% 11.90%
Dividend 0.00% -8.68% -8.68% 300.00% 281.85%
Adj. EPS 35.88% -27.06% -4.47% 14.51% 11.90%
Adj. DPS 0.00% -8.68% -8.68% 300.00% 281.85%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 0.00% 23.04% 36.79% 0.00% 23.04% 36.79% 28.74% 23.04% 36.79%
NP to Owner 0.00% -14.32% 6.20% 0.00% -14.32% 6.20% -4.47% -14.32% 6.20%
Dividend 0.00% -28.75% -10.90% - % - % - % -8.68% -28.75% -10.90%
Adj. EPS 0.00% -14.32% 6.20% 0.00% -14.32% 6.20% -4.47% -14.32% 6.20%
Adj. DPS 0.00% -28.75% -10.90% - % - % - % -8.68% -28.75% -10.90%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

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  9 people like this.
 
cityoflight Well managed n diversified company with good track record.. Good price to collect it now before it's too late
22/04/2020 11:05 PM
hoowk77 Is right time
01/05/2020 11:34 PM
Keyman188 Surprisingly not much retailers looking for this gem construction company....
05/05/2020 3:47 PM
Keyman188 Kimlun’s manufacturing orders expected to accelerate

(The Edge Financial Daily / August 20, 2019 12:26 pm +08)

Kimlun Corp Bhd
(Aug 19, RM1.23)

Maintain buy with an unchanged target price (TP) of RM2.16: As we move into the fourth quarter of 2019 and the forecast financial year 2020 (FY20F), we believe that Kimlun Corp Bhd’s manufacturing orders will accelerate. These orders will initially flow from Singapore and eventually Malaysia when some key projects are rolled out.

Its total manufacturing tender book is now at RM500 million which is largely skewed towards projects in Singapore, including Industrialised Building System (IBS) related jobs and Deep Tunnel Sewerage System 2. This does not include orders from the North South Corridor Expressway and Jurong Region Line.

Our FY19F earnings estimates are above consensus. Our forecast of a surge in manufacturing flows from Singapore is intact, with local construction wins likely to come in at the higher end of this forecast. Not enough recognition is given to Kimlun’s high-margin manufacturing business which should command a scarcity premium. Its IBS expertise will be crucial in clinching more local affordable housing projects.

Given its depressed valuations, incremental new orders for Kimlun’s construction and manufacturing segments beyond its total order book of RM2 billion would lift the stock. With its strategically located manufacturing plants in Negeri Sembilan and Johor, we believe it will be the front runner for the Tunnel Lining Segment and Segmental Box Girders portions of major transportation and infrastructure projects when they eventually kick off.

Our TP is set at RM2.16, based on sum-of-parts valuation. We think this better reflects Kimlun’s underlying business model. Its construction business is valued at RM1.62 a share with its manufacturing unit at 54 sen a share.

Low-margin wins is a major risk. The biggest risk is its perceived over-reliance on projects in Johor. This is mitigated by its stringent bidding process, only accepting projects with strong marketability. — AllianceDBS Research, Aug 19


##https://www.theedgemarkets.com/article/kimluns-manufacturing-orders-expected-accelerate
05/05/2020 3:55 PM
Keyman188 Despite I retreat last year assessment of the valuation...

I assume 1/2 of the unprecedented factor, current market price still far below by at least 50%......

Furthermore, current NTA handsomely high by RM 2.12......
05/05/2020 3:58 PM
Keyman188 Surprisingly today volume gradually increased if comparing last 2 weeks....


04/05/2020 0.670 0.680 0.665 0.675 622,800

30/04/2020 0.705 0.710 0.680 0.685 1.170m
29/04/2020 0.675 0.700 0.670 0.695 1.098m
28/04/2020 0.675 0.685 0.655 0.665 410,800
27/04/2020 0.675 0.680 0.665 0.665 397,700

24/04/2020 0.685 0.690 0.675 0.675 1.105m
23/04/2020 0.690 0.690 0.675 0.685 836,900
22/04/2020 0.675 0.685 0.655 0.680 2.089m
21/04/2020 0.720 0.720 0.670 0.685 1.292m
05/05/2020 4:06 PM
Keyman188 Surprisingly not much retailers seeking for this gem construction company....

Today volume already more than 2 mil...
05/05/2020 4:42 PM
Keyman188 Value investors always looking for depressed valuations stock for long term portfolio....
05/05/2020 4:49 PM
Keyman188 KimLun buying interest emerged......
06/05/2020 9:01 AM
Keyman188 Surprisingly...
06/05/2020 4:09 PM
Keyman188 Volume start picking up since yesterday......


05/05/2020 0.675 0.690 0.670 0.685 2.168m
04/05/2020 0.670 0.680 0.665 0.675 622,800
30/04/2020 0.705 0.710 0.680 0.685 1.170m
29/04/2020 0.675 0.700 0.670 0.695 1.098m
28/04/2020 0.675 0.685 0.655 0.665 410,800
27/04/2020 0.675 0.680 0.665 0.665 397,700
24/04/2020 0.685 0.690 0.675 0.675 1.105m
23/04/2020 0.690 0.690 0.675 0.685 836,900
22/04/2020 0.675 0.685 0.655 0.680 2.089m
21/04/2020 0.720 0.720 0.670 0.685 1.292m
06/05/2020 4:10 PM
Keyman188 Surprisingly emerged buying interest for this small cap construction stock......

Order book on hand by RM 2 bil with market cap only RM 234 mil......

NTA = RM 2.12

PE = about 4.1 times

Gross dividend yield = 4.78% (consistent payout dividend for the past 6 years)
06/05/2020 4:17 PM
Keyman188 Research by Kenanga (31 March 2020)

Construction OVERWEIGHT Waiting for Green Shoots
By Goh Yin Fool gohyf@kenanga.com.my

A cloud of uncertainties emanating from a gloomy economic backdrop has blurred the construction sector outlook. In essence, sentiment on construction stocks will remain under siege from the Covid-19 spill-over effects and possible delays in the revival of mega infrastructure projects. The KL CON Index reacted by falling 37.2% YTD (until 20 March 2020),thus reversing last year’s gain of 34.2%.With investor confidence battered badly and given poor earnings visibility, we have switched our valuation methodology to PBV. During the 2008/2009 Global Financial Crisis(GFC), the construction sector was then trading between –2SDand –1SD below the historical PBV mean for approximately three months. In comparison, the KL CON Index is currently trading at -2SD below its mean, suggesting limited downside risks.After attaching basement PBV multiples at -2.5SD and -1.0SD below their mean levels, our revised target prices indicate positive returns to be made by investors in the medium term as valuations are expected to revert to normalcy post-crisis. From a fundamental perspective, our top stock picks are GAMUDA(OP; TP:RM3.18), SUNCON(OP; TP:RM1.80)and HSL(OP;TP:RM1.37). In addition, trading-oriented investors can consider WCT(OP; TP:RM0.47) and KIMLUN(OP; TP:RM1.25) as potential rebound plays from oversold territories. Upgrade sector call to tactical OVERWEIGHT on valuation grounds.
06/05/2020 4:34 PM
Ironman01 Once upon a time, Parkson was a star before the market game changes. Many uncles and aunties still hold Parkson shares in years because they believe this company is the king in this falling industry. What a sad case.
07/05/2020 9:44 AM
Keyman188 Projects worth more than RM16 bil in Sarawak continue during CMCO

(Bernama / May 07, 2020 01:20 am +08)

KUCHING (May 6): The Sarawak Disaster Management Committee (SDMC) has identified 101 projects worth RM16.828 billion on which works have continued during the Conditional Movement Control Order (CMCO) period.

Its chairman Datuk Amar Douglas Uggah Embas said of the total, 42 projects costing about RM16.6 billion involved allocations from the State Government, Federal Government, people's projects and alternative funds.

"These projects have been identified and filtered by a special task force for the green zones headed by State Secretary Datuk Amar Jaul Samion," he said at a press conference here today.

According to Uggah, another 59 Rural Transformation Projects (RTPs) worth RM22.8 million have been identified for continued implementation during CMCO, and one of the requirements is that the projects must be in green zones.

As of now, 28 of the 40 districts in the State are in green zones.

Uggah, who is also Deputy Chief Minister, said the SDMC imposed several conditions for works on these projects to continue, including the fact that the projects must be located in green districts and should not involve the entry of workers, building materials and machinery from outside the green zone.


##https://www.theedgemarkets.com/article/projects-worth-more-rm16-bil-sarawak-continue-during-cmco
07/05/2020 10:17 AM
Keyman188 Zecon-Kimlun JV gets RM1.46b contract to build and upgrade phase one of the Pan Borneo Highway in Sarawak......

The contract is for 48 months, Zecon holds a 70% stake in the JV and Kimlun the remaining 30%......

According to the YE2019 annual report, expected completion for this project by year 2021......
07/05/2020 10:27 AM
Keyman188 That's the reason why surprisingly volume surged for the past 2 trading days......


06/05/2020 0.695 0.700 0.685 0.685 2.310m
05/05/2020 0.675 0.690 0.670 0.685 2.168m
04/05/2020 0.670 0.680 0.665 0.675 622,800
30/04/2020 0.705 0.710 0.680 0.685 1.170m
29/04/2020 0.675 0.700 0.670 0.695 1.098m
28/04/2020 0.675 0.685 0.655 0.665 410,800
27/04/2020 0.675 0.680 0.665 0.665 397,700
24/04/2020 0.685 0.690 0.675 0.675 1.105m
23/04/2020 0.690 0.690 0.675 0.685 836,900
22/04/2020 0.675 0.685 0.655 0.680 2.089m
21/04/2020 0.720 0.720 0.670 0.685 1.292m
07/05/2020 10:32 AM
Keyman188 Furthermore consistent dividend payout since listed at Bursa (started from Jun 2010)......

YE 2019 = 3.30 sen (expected pay around June 2020 based on past record)

YE 2018 = 3.70 sen

YE 2017 = 5.50 sen

YE 2016 = 6.50 sen

YE 2015 = 5.80 sen

YE 2014 = 3.80 sen

YE 2013 = 3.00 sen

YE 2012 = 4.80 sen

YE 2011 = 5.10 sen

YE 2010 = 4.80 sen


** Total payout dividend for 10 years are RM 0.463, equivalent to 4.63 sen per year......

^^Average gross dividend yield by 6.76% based on yesterday closing price......

##Based on construction sector, hard to search any small cap construction stock able to produce such high dividend yield with past 10 years consistent payout......
07/05/2020 10:54 AM
Keyman188 Surprisingly NTA of the company also gradually enhanced......

YE 2019 = RM 2.120

YE 2018 = RM 2.003

YE 2017 = RM 1.896

YE 2016 = RM 1.738

YE 2015 = RM 1.530

YE 2014 = RM 1.331

YE 2013 = RM 1.247

YE 2012 = RM 1.14

YE 2011 = 94 sen

YE 2010 = 81 sen


**Total surged by 261.73% for the past 10 years......

^^Average per year about 26.17% surged on NTA......
07/05/2020 11:03 AM
Keyman188 Slowly slowly accumulating for next construction sector booming......
08/05/2020 8:34 AM
Keyman188 Surprisingly buying interest emerged again......
08/05/2020 12:04 PM
Keyman188 Really gg.com....worry today can break 0.700......

No chance to accumulate lower again...............
08/05/2020 12:19 PM
Keyman188 Aiyo......just talking only...suddenly 0.705......
08/05/2020 12:21 PM
Keyman188 So you follow the suit !!!......



Posted by Invest_168 > May 8, 2020 2:37 PM | Report Abuse

Buy before it surf higher as this company trade at PE only 4. Deeply undervalue stock!
08/05/2020 2:39 PM
Invest_168 Buy before it surge higher as this is trading at PE of 4. Extremely undervalue company.
08/05/2020 2:40 PM
Keyman188 Today not much volume.......

So very high chance shall be closed @ 0.690......
08/05/2020 2:57 PM
kancs3118 Don't you guys feel scared...the debt is so high ?
09/05/2020 10:03 PM
Keyman188 Never mind lorrr...so long as I prefer & perceive under value then keep lorrr......

Furthermore, this stock most of the time "Playing" by Institutions......

Public retailers not so preferable due to not "Goreng" stock......

Kekeke...kekeke...
10/05/2020 9:30 AM
Keyman188 Furthermore, nowadays most of the stocks already rebounded......

Hard to find valuable stock for the time being due to uncertainty market......

Too sad to say, so far total investment not even reach my investment funds 30%......(the rest reserve for right opportunity with right price)......

All invested (at the portfolio) since March'20, total return as per now already 20%++ return (haven't count in coming soon dividend)...kekeke.....

As the Value Investor, must understand how to allocate your funds......

Too sad to say, my investment philosophy very simply......80% long term portfolio......20% trading (we also need money for makan makan mahhh...)
10/05/2020 9:56 AM
Ahmadahmad88 Aku kakitangan kerajaan tiap tiap bulan masuk gaji, ada bonus ,bantuan kewangan. Itu dah cukup makan, semua kasi long term.
11/05/2020 5:36 PM
vyap extremely undervalue company , break 0.72 shall go higher up
12/05/2020 10:07 AM
Keyman188 Yes...really undervalue for small cap construction stock......

Consistent profit proven lead to increase of NTA for the past 10 years...

Consistent dividend payout lead to average of 6.76% gross dividend yield for the past 10 years......



Posted by Keyman188 > May 7, 2020 11:03 AM | Report Abuse X

Surprisingly NTA of the company also gradually enhanced......

YE 2019 = RM 2.120

YE 2018 = RM 2.003

YE 2017 = RM 1.896

YE 2016 = RM 1.738

YE 2015 = RM 1.530

YE 2014 = RM 1.331

YE 2013 = RM 1.247

YE 2012 = RM 1.14

YE 2011 = 94 sen

YE 2010 = 81 sen


**Total surged by 261.73% for the past 10 years......

^^Average per year about 26.17% surged on NTA......



Posted by Keyman188 > May 7, 2020 10:54 AM | Report Abuse X

Furthermore consistent dividend payout since listed at Bursa (started from Jun 2010)......

YE 2019 = 3.30 sen (expected pay around June 2020 based on past record)

YE 2018 = 3.70 sen

YE 2017 = 5.50 sen

YE 2016 = 6.50 sen

YE 2015 = 5.80 sen

YE 2014 = 3.80 sen

YE 2013 = 3.00 sen

YE 2012 = 4.80 sen

YE 2011 = 5.10 sen

YE 2010 = 4.80 sen


** Total payout dividend for 10 years are RM 0.463, equivalent to 4.63 sen per year......

^^Average gross dividend yield by 6.76% based on yesterday closing price......

##Based on construction sector, hard to search any small cap construction stock able to produce such high dividend yield with past 10 years consistent payout......
12/05/2020 10:23 AM
Keyman188 Silently moving up a bit everyday......Good sign..........
12/05/2020 12:31 PM
JayC88 this counter finally waking up... lol
12/05/2020 12:37 PM
vyap and once it come, it will come big big!
12/05/2020 1:27 PM
Estherk Maybe divide soon
12/05/2020 8:12 PM
Keyman188 I more prefer this type of silently moving up......

At least not so hot & gradually moving higher with long lasting......

Some more I also waiting dividend for this year by 3.3 sen (already proposed) but now waiting to confirm the ex-date & payment date......

Most likely June or July......
12/05/2020 8:19 PM
hoowk77 May I ask when was it announced dividend of 3.3 cents? Yeah
12/05/2020 11:49 PM
Keyman188 5171    KIMLUN    KIMLUN CORPORATION BERHADOTHERSOTHERS

KIMLUN CORPORATION BERHAD ("Kimlun" or "the Company") - Proposed Final Dividend

You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com

27/02/2020   07:00 AM
13/05/2020 12:05 AM
hoowk77 Thanks keyman
13/05/2020 9:08 PM
live168 https://www.orientaldaily.com.my/news/south/2020/05/15/340891
16/05/2020 11:38 AM
live168 Never use past figures to judge future market. After covid-19, we are in a new uncertain world.
16/05/2020 11:40 AM
Keyman188 Wooo....KimLun also touching 0.720 liao........
18/05/2020 4:35 PM
dlau8899 Going up 0.80
19/05/2020 12:50 PM
Estherk Above RM1!
19/05/2020 2:05 PM
kancs3118 You guys not concerned debt level so high ?
19/05/2020 3:37 PM
jase123 Net debt / ebit is low which means less concern to lenders
19/05/2020 3:52 PM
kancs3118 That is assuming if Kim Lun can still maintain its EBIT
19/05/2020 4:51 PM
jase123 They have some backlog and recently awarded contracts that would keep them busy for 1 year at least. Of course if covid situation gets worse, it wont be good for all. Company is proposing 3.3 cents dividend. Other than that, the fundamentals are pretty solid and current price is still undervalued.
19/05/2020 6:37 PM
kancs3118 Mm...that I agree. PE is still low and offers plenty of headroom for further share price appreciation .
19/05/2020 7:31 PM