KGB expanding to Singapore while grow stronger in Malaysia
KGB is making their footprint into Singapore since 2011/12.
Revenue generated from Singapore increasing every year from RM29 million in 2013, to RM46 million in 2014, to RM77 milion in 2015, RM134 million in 2016.
In Malaysia, revenue increasing from RM46 million in 2013 to RM102 million in 2016
We are all know that winning contracts in high-tech sector from country like Singapore is not easy. However, KGB is able to secure contract and contract from company in Singapore.
KGB has become stronger and their customers includedMicron, Panasonic, IMflash, Seagate, WesternD, HP, Merck, BBraun, Pantai Hospital, Amgen which will build up KGB's profile in high-tech sector.
The Star, Tuesday, 22 September 2015 | MYT 4:18 PM
Kelington Group wins S$21mil
KUALA LUMPUR: Kelington Group Bhd has secured a S$21mil (RM65mil) contract from M+W Singapore Pte Ltd to supply and install an exhaust distribution system.
This is the second contract from M+W Singapore, bringing Kelington’s total contract award to RM106mil.
Last month, the integrated engineering solutions provider was awarded with a S$14mil contract (RM43mil) from M+W Singapore for the supply and installation of a bulk gas and clean dry air distribution system.
Both of the contracts, totaling S$35mi (RM106mil) are for a new manufacturing facility of one of the top five semiconductor manufacturers in the world, of which M+W Singapore Pte Ltd is the turnkey engineer.
The contracts shall be completed in the first half of 2016.
“This latest award further strengthens the group’s position in the high-tech sector, backed by our qualified and experienced resources. This win will significantly strengthen our customer profile of high-tech clients we have worked with in the past which include Infineon, Taiwan Semiconductor Manufacturing Company, Silterra and Seagate, amongst others,” said Kelington chief executive officer Raymond Gan.
Year-to-date, Kelington has secured new orders worth RM219mil, bringing its current outstanding orderbook to RM240mil.
Read more at http://www.thestar.com.my/business/business-news/2015/09/22/kelington-group-wins-sgd21mil-contract/#GOhwqA98DZ8IJ00e.99
Current quarter announcement demonstrated KGB able to perform in coming future.
The management was so confident in FYE2017.
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Commentary Of Prospects
During the 12 months period ended 31 December 2016, the Group had secured new orders amounting to RM323.44 million. This is the highest amount of new orders ever to be secured by the Group within a year.
Combined with the orders carried forward from the previous year, and new orders secured to-date in 2017, the Group has an orderbook on hand of RM546.99 million, of which RM206.76 million remains outstanding.
Under the current competitive business environment, the Group is focused on delivering the projects on a timely manner and is vigilant in managing costs.
Based on the Group’s orderbook level and barring unforeseen circumstances, the Group is confident that the Company will continue with the good performance in the coming year.
Based on current quarter result of 2.08 cent per quarter. Assume no more allowance for bad debts in year 2017, 2.08 cents X 4 quarters = 8.32 cents.
Reasonable PE of 12 times, KGB will be valued at RM1.00.
eyewitness
Why you post news of Spore contract obtained in 2015, and completed mid last year already?
2017-02-22 21:51