KLSE: KGB (0151)       KELINGTON GROUP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.89   +0.015 (1.71%)  0.875 - 0.895  741,800
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Price Target

Date Open Price Target Price Upside/Downside Price Call Source
27/02/2020 1.29 1.43 +0.14 (10.85%) BUY AffinHwang
29/01/2020 1.31 1.60 +0.29 (22.14%) BUY AffinHwang
20/11/2019 1.41 1.60 +0.19 (13.48%) BUY AffinHwang
11/11/2019 1.40 1.83 +0.43 (30.71%) BUY Rakuten

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  13 people like this.
Gabriel Khoo Kgb director ex mox gm air liquide md
04/07/2019 9:24 PM
Gabriel Khoo Existing top 30 shareholders
04/07/2019 9:25 PM
Gabriel Khoo Industrial gas
04/07/2019 11:25 PM
Yu_and_Mee suddenly shoot up??????????????
11/07/2019 3:19 PM
bsngpg At last, break even after holding for 4 months. Gembatte.
11/07/2019 5:06 PM
SuperPanda after long time sleep.. now its time to move further up
15/07/2019 4:08 PM
SuperPanda wait until co2 start contributes, more upside bcoz fund already collected since.70
15/07/2019 4:10 PM
Gabriel Khoo Mr Soh will help to expand the industrial gas biz. Industry outlook is superb
15/07/2019 9:26 PM
wan7075 why so many boss sold 1 million share at the same time at same day?
19/08/2019 10:33 AM
Gabriel Khoo To institution shareholders
19/08/2019 10:42 AM
wan7075 can we know who is the institution who bought it?
19/08/2019 5:14 PM
Gabriel Khoo Great result and there was 81m of projected awarded in 2Q2019...albeit no annoucement....with totalling of rm227m of new project awarded in 1h2019...
22/08/2019 8:47 PM
wan7075 boss gabriel, if no announcement, how do you know there was 81m of projected awarded?
the profit like always stuck at 1.7Xc. hope that next qtr EPS can reach >2c..
23/08/2019 10:47 AM
Gabriel Khoo Commentary Of Prospects The Group’s outlook remains bright on the back of strong replenishment of projects, while we look forward to the commencement of our new business division, manufacturing of liquid carbon dioxide. Wecontinue to gain traction in our project flow as we clinched an addition RM81 million worth of projects in 2Q2019, boosting our total new project orders to RM227 million in FY2019. A large bulk of the project orders is from the UHP and Process Engineering division. Inclusive of carried forward projects, Kelington’s total orderbook grew to RM486 million, of which RM312 million remains outstanding. We expect the Group’s performance to continue be driven by the UHP division in Singapore and China in FY2019. Furthermore, the Group made encouraging progress in its expansion plans for the Industrial Gases division. The commissioning of the manufacturing of liquid carbon dioxide (“LC02”) business is on track, with production expected to commence this year. We anticipate positive contribution from this new business from FY2020 onwards. The Group’s key operations outside Malaysia, which are Taiwan, China and Singapore are carried out in the respective local currencies of those countries. Hence, the Group enjoys a natural currency hedge, and this minimizes the Group’s exposure to the fluctuations in the currency markets.
23/08/2019 11:33 AM
Gabriel Khoo Moving again
18/09/2019 6:58 PM
Gabriel Khoo Integrated engineering solutions provider, Kelington Group Berhad (“Kelington” or “Group”) is pleased to announce the opening of its new fabrication facility in Suzhou-Chuzhou Modern Industrial Park, China.

The 37,458-square-foot facility will be operated under the Group’s wholly-owned indirect subsidiary, KE System Integration (ChuZhou) Co. Ltd. The fabrication facility will be mainly involved in Engineering, Procurement, Construction and Commissioning (“EPCC”) of process systems for the electronics industry and fabrication of own-brand Ultra High Purity (“UHP”) gas and chemical delivery equipments.

The grand opening ceremony was graced by Mr. Hai Huang, Deputy Head of Chuzhou Investment Promotion Bureau, Mr. Li Da Ming, Deputy Director of Management Committee for China-Singapore Suzhou and Chuzhou High-Tech Industrial Development Zone and Mr. Xu Pei Chang, Deputy Secretary of China-Singapore Suzhou and Chuzhou High-Tech Industrial Development Zone.

Ir. Raymond Gan, Chief Executive Officer of Kelington Group Berhad said, “We have been operating in China since 2002 and today, China is one of our key international markets. Revenue from China represented 30% of the Group’s revenue in the first six months ended 30 June 2019.”

“This new setup is strategic for the Group as it allows us to further expand our pool of customers, including those from the electronics industry. In addition to that, our scope of services and capabilities will be broadened to handle more complex UHP projects such as handling the delivery systems for special gases.”
“We will be manufacturing our own design UHP equipments for our operations as well as offering it to other customers. This will lead to higher cost savings and better quality control, enhancing our operational efficiencies and cost competitiveness in China. We believe this will accelerate our growth trajectory within China, bolstering our UHP services and market share there.”
27/09/2019 3:53 PM
Gabriel Khoo Kelington Group Bhd
(Oct 2, RM1.32)
Maintain buy with an unchanged target price (TP) of RM1.68: Kelington Group Bhd’s (KGB) financial year 2019 (FY19) earnings look to be on track (first half of 2019 [1HFY19] earnings have already exceeded that for 1HFY18); we expect order book replenishment to match 2018’s level on a softer business environment. Work activities from China are expected to gain traction from 2H19. Separately, the liquid carbon dioxide (LCO2) plant will commence production by end-October, which should further enhance earnings visibility for the group and could drive a dividend per share and valuation rerating.

The slowdown in China’s semi-conductor fabrication spending is expected to turn around from 2H19. Over the past few quarters, KGB was able to sustain its earnings with more robust work activities in Singapore, which also garnered higher margins compared to other regions. The Taiwan operation is also expected to turn around in FY19 after securing its first solar project, with a 15–16% net profit margin.

KGB has already secured customers for 30% of its LCO2 capacity, mostly from cylinder refillers, and will be able to break even at this level of utilisation. The management targets to market the product beyond canister refillers to canned beverage producers. Furthermore, it has also begun looking to export KGB’s products by setting up storage tanks in Singapore for distribution. The plant is now guided to commence operation by end-October at the latest, after seeing a slight delay relating to the installation of the water pipes and power supply. We expect the overall group profit margin to improve once the plant starts up as industrial gas margins are higher at 30% versus 16–17% for the current business.

We maintain our “buy” call and TP at RM1.68, based on a 16 times calendar year 2020 price-earnings ratio. We believe KGB is a good proxy to ride on the recovery in the semiconductor capital expenditure cycle and we like its strong net cash balance sheet of RM70 million (23 sen per share) and its upcoming industrial gas business model. Downside risks to our “buy” call include a continuous slowdown in global semiconductor spending, and deterioration in existing business margins. — Affin Hwang Capital, Oct 2
03/10/2019 4:47 PM
EatCoconutCanWin coming...go go kelington
18/10/2019 4:19 PM
EatCoconutCanWin good job KGB!
22/10/2019 10:50 AM
Gabriel Khoo Further to the Company’s announcements made on 20 November 2017, 23 November 2017, and 27 June 2019, the Board of Directors of Kelington wishes to announce that its 97.2% owned subsidiary, Ace Gases Sdn Bhd has on 23 October 2019 commenced the liquid carbon dioxide production with an annual production capacity of up to 50,000 tonnes at the LCO2 Plant located at PT 21896, Kawasan Perindustrian Lot P, Mukim Kerteh, 24300 Daerah Kemaman, Terengganu.

This announcement is dated 23 October 2019.
23/10/2019 5:23 PM
TecStock https://www.theedgemarkets.com/article/kelingtons-liquid-carbon-dioxide-plant-terengganu-kicks
23/10/2019 9:06 PM
TecStock https://www.theedgemarkets.com/article/kelingtons-liquid-carbon-dioxide-plant-terengganu-kicks
23/10/2019 9:08 PM
James Ng https://klse.i3investor.com/blogs/general/233380.jsp
[转贴] [KELINGTON GROUP BHD:继续在项目流程中进步,因为他们在2019年第二季度获得了额外价值8,100万令吉的项目,从而在2019财年将新项目的总订单增加至2.27亿令吉] - James的股票投资James Share Investing
03/11/2019 1:41 PM
MCA_ Why KWAP push to let directors dispose? Hidup MCA, hidup Barisan.
12/11/2019 10:31 AM
MCA_ GAN HUNG KENG 11-Nov-2019 Disposed 68,500 0.000 View Detail
GAN HUNG KENG 08-Nov-2019 Disposed 330,000 0.000 View Detail
CHAM TECK KUANG 11-Oct-2019 Disposed 6,000,000 0.000
12/11/2019 10:32 AM
TecStock https://www.klsescreener.com/v2/financial-reports/view/594378
19/11/2019 10:32 PM
Albukhary Next quarter profit & revenue will even higher, because the Co2 business start to contribute on Oct'2019.
20/11/2019 9:52 AM
wan7075 qtr result improve but price drop.... sad...
21/11/2019 1:11 PM
jojo85 Sauk frenzy
12/12/2019 10:52 PM
lhoong not moving. anyone got news
17/12/2019 12:24 PM
bsngpg Very quiet and allows me to complete accumulation. It is now hoping to see lively activity on KGB’s share price.
30/12/2019 8:10 PM
TecStock KGB , a jewel in the making ... Cheers
02/01/2020 6:30 PM
m3379 The clutch finally engaging
15/01/2020 12:37 PM
wind_00 Time to come back this counter.
15/01/2020 2:17 PM
wind_00 time to fly kgb
15/01/2020 2:48 PM
jojo85 Hope so
15/01/2020 10:03 PM
wind_00 expect. if today break 1.34 kgb will fly. to 1.36+-
21/01/2020 12:08 PM
TecStock https://www.theedgemarkets.com/article/kelington-bags-rm35m-infrastructure-contract-penang?type=malaysia
21/01/2020 8:29 PM
wind_00 Sweet
22/01/2020 10:07 AM
Hunkyman Nothing happen also
23/01/2020 5:34 PM
khwong2028 drop drop drop omg
05/02/2020 6:10 PM
Gabriel Khoo Coming
06/02/2020 5:41 PM
Gabriel Khoo The Board of Directors of the Company is pleased to announce that Kelington Engineering (Shanghai) Co., Ltd, a wholly-owned subsidiary of Kelington had on 12 February 2020 received contracts from the largest semiconductor foundry company in China to perform base build and gas hook up works at few locations in China (i.e. Beijing, Tianjin) (“Contracts”). The total Contracts value is worth approximately RM64 million. The period of the Contracts was two years commencing from 6 January 2020.
12/02/2020 6:10 PM
rizal_de wow
21/02/2020 6:22 PM
khwong2028 stupid old horse !!!!!!!
24/02/2020 5:17 PM
bsngpg Bot in more KGB today after seeing continuous inflow of contracts
24/02/2020 5:19 PM
TecStock https://www.klsescreener.com/v2/financial-reports/view/694658
26/02/2020 6:30 PM
Gabriel Khoo Commentary Of Prospects
Kelington’s FY2019 performance has been satisfactory, with double-digit growth in earnings, amidst the challenging operating landscape. The UHP and Process Engineering divisions were the key growth drivers to the Group, and we expect to sustain the momentum going forward. In 4Q2019, we continue to receive strong replenishment of orders from the UHP and Process Engineering divisions originating from Singapore and China. We clinched an additional RM92 million worth of projects in 4Q2019 which then boosted our total new project orders to RM386 million in FY2019. We started FY2020 on a positive note as we received approximately RM105 million worth of new orders in the first 2 months of the year, despite the soft operating environment today. Inclusive of the carried forward projects from FY2018 and new orders in FY2019, Kelington’s total orderbook grew to RM646 million, of which RM258 million remains outstanding as at 31 December 2019. The Group is optimistic on our growth prospects as we continue to work hard to clinch for more projects across our key markets. In addition to that, the Group has made positive developments in its foray into the Industrial Gas business. The construction of the new liquid carbon dioxide plant has been completed and registered maiden revenue contribution as it commenced operations since late October 2019. Kelington expects production to ramp up progressively as orders increase, and we anticipate better contribution from this new business from FY2020 onwards. The Group’s key operations outside Malaysia, which are Taiwan, China and Singapore are carried out in the respective local currencies of those countries. Hence, the Group enjoys a natural currency hedge, and this minimizes the Group’s exposure to the fluctuations in the currency markets.
26/02/2020 7:33 PM
prince4 Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold .
market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom.
This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
06/03/2020 4:27 PM
Jason Drop tomorrow amid of black Friday?
26/03/2020 9:11 PM

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