NOW SHOWING: THE TRILOGY OF FAST & FURIOUS SHOWS PART 8 – (updated number : 5 )
(A ) OCB /5533 / OCB Berhad
(B) KGB / 0151 Kelington Group Berhad
Author: SEE_Research | Publish date: Thu, 16 Jul 2021
NOW SHOWING: THE TRILOGY OF FAST & FURIOUS SHOWS PART 8 – (updated number : 3 A )
(A) OCB / 5533 / OCB Berhad
(B) KGB / 0151 Kelington Group Berhad .
(B) KGB / 0151 Kelington Group Berhad .
Author: SEE_Research | Publish date: 16 July 2021
(B) KGB / 0151 Kelington Group Berhad . / Mid Term Buy
WELCOME TO OCB
Being committed to enhance the lives of people with better living comfort and convenience through products and services of superior value and quality, OCB Group is constantly looking for business opportunities which are synergistic with its present operations to expand its scope of activities and to prepare OCB Group to face the exciting challenges of the future.
OUR BRANDS
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SEE_RESEARCH
Short Term= Target Price RM 1.50
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NEW CATALYST
As OCB products especially on the consumer foods, Lingham ' s sauce ,
Ibu food products , Ibumie ready to eat , instant types have been continuously being immediately sold in the supermarkets , retail shops , and we have to quickly replenish the stocks on the next working days.
As now in May, June , July 2021 , in most places of Malaysia , the staff members for practically all the offices in Malaysia
are required to work from home .
This new normal , which dictate the working style and pattern in the offices , have changed to work in the houses ,
the usages of the bedding products are well used on regular manner , thru days and nights , and thus need to change more frequent on the bedding products,
thereby accelerate the upwards sales bedding products /
namely King Koil, Kaiserkorp bedding products have been very well sold in our marketing outlets .
REMARKS
Failure to hold the price above RM 1.00 , there is a need to exit.
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" What sectors to focus on post Covid -19 "
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OCB / 5533
From 16 July 2021 - that has potential for a strong rally up.
Please note : in the below GIF -
on the raging bull , in which the raging bull can run up to the speeds of 35 mph - they will continue to attack what they think is the source of their annoyance and always charge with their intent.
How to attract bees and other pollinators to your garden / KLSE stocks.
Answer: Choose several colours of flower stocks listed in KLSE. Bees have good colour vision to help them in finding bright colour flowers and the juicy nectar / = profit and colourful pollen /= gain ---- they offer.
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( B ) Kelington Group Berhad /0151
Leveraging repeat customers: The awesome Kelington Group’s experience
IT pays handsomely to put one’s customers first by prioritising their interest for this is key to creating repeat customers who can eventually be one’s loyal customers.
Such is the experience with integrated engineering solutions provider Kelington Group Bhd given many of its project orders are coming from repeat customers.
Most recently, its wholly-owned subsidiary Kelington Technologies Sdn Bhd has secured a RM50 mil contract under its process engineering division from Stolthaven (Westport) Sdn Bhd, a reputable global provider of high quality storage and distribution services for chemicals, clean petroleum products, gas vegetable oils, biofuels and oleochemicals.
Kelington will be undertaking the engineering, procurement, and construction (EPC) works related to the oil products storage tanks for the Tank Pit 8 Expansion Project located in Port Klang (Selangor).
Having commenced on July 14, the project is slated for completion by October 2022.
Raymond Gan Hung KengInclusive of this new contract win, Kelington has so far clinched approximately RM195 mil of new orders in 2021 which lifted its outstanding orderbook to RM454 millions as of July 2021.
“We are delighted to be given the opportunity to be a part of our repeat customer’s expansion plans for its terminal facilities,” commented Kelington’s CEO Raymond Gan Hung Keng.
“The group has been working with this customer since 2018 and having to support its growth journey has been fruitful for us.”
Gan said the trust that Kelington received from its repeat customers is a testament to the company’s diverse engineering capabilities and discipline in adhering to the highest compliance standards.
“We have also been receiving a surge in tender invites from our existing and new customers from across our key operating markets which includes Malaysia as businesses are resuming its expansion activities that were put on hold last year,” he pointed out.
“This is a good indicator for us – and should the momentum sustain – we hope to achieve another all-time high order book. With an acceleration in the global vaccination programme, we hope to see an improved operating landscape across our key operating markets.”
At 4.02pm, Kelington was up 1 sen or 0.86% to RM1.17 with 5.28 million shares traded, thus valuing the company at RM755 mil. – July 15, 2021
Kelington unit secures storage tank construction contract
KUALA LUMPUR (July 15): Kelington Group Bhd said today its wholly-owned subsidiary Kelington Technologies Sdn Bhd yesterday secured from Stolthaven (Westport) Sdn Bhd an approximately RM50 million contract to construct oil products storage tanks at Port Klang in Selangor.
According to Kelington Group's Bursa Malaysia filing today, the 15-month project, which started yesterday (July 14, 2021) is expected to be completed by October 2022.
"The contract value is worth approximately RM50 million subject to the final variation and engineering options.
"The contract is expected to contribute positively to the earnings and net assets of Kelington (Group) for the financial years ending Dec 31, 2021 and Dec 31, 2022," Kelington Group said.
At Bursa's 5.00 pm today- 15 July 2021, Kelington Group's share price rose 4 sen to settle at RM1.20, valuing the group at about RM774.3 millions
KGB /0151
Latest update on the Short Term
Target Price RM 1.50 to RM 1.60
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