The above picture shows the aluminium alloy used in manufacturing heavy duty escalators
and its accessories , in providing safe ,reliable services in the harsh , heavy usage, transportation systems, built by
EITA / 5208
It is good to collect when it is on ground floor,
RM 1.15/ KGB /0151
RM 0.94 /OCB/ 5533
ANYONE FROM THE READERS UPON READING THE BLOG ISSUED OUT at early of this morning - 6.28 am ., 22 July 2021 to alert the interested investors
INVESTED ON THIS PARTICULAR STOCK - OCB /5533 AT THE LOW BAND
RM 0.94 TO RM 0.96
closed 5.00 pm , 21 July 2021 ,
RM 0.94 /OCB/ 5533
as practically most of you do not believe;
just like the escalator at the bottom , sooner or later ,it will move to the top.
( before the release of the coming financial quarter report )
Just remember to record down this report before the big move on the prices ,
that will be surging even before we notice.
The remarks by the real KLSE investors will be in this manner :
"Many are shown in the positive direction but nobody notices,
strangely,
it may seem so. "
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(A) Kelington Group Berhad /0151
Kelington bags RM50mil storage tank contract from Stolhaven
KUALA LUMPUR: Kelington Group Bhd, via its wholly-owned Kelington Technologies Sdn Bhd, has secured a new contract from Stolthaven (Westport) Sdn Bhd worth RM50 million.
In a statement today, the integrated engineering solutions provider said it would be undertaking the engineering, procurement, and construction works for the oil products storage tanks for Tank Pit 8 expansion project in Port Klang, Selangor.
The project began on July 14 this year and is expected to be completed by October 2022.
Kelington said it had so far this year secured about RM195 million of new orders, lifting its outstanding orderbook to RM454 million as at July 2021.
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
In view of the increasing orders lifting its outstanding orderbook to RM454 million as at July 2021. not to mentioned , the market participants view this particular stock with great interest with increasing buys calls.
"This is a good indicator for us, and should the momentum sustain, we hope to achieve another all-time high orderbook. With the acceleration of the vaccination programme worldwide, we hope to see an improved operating landscape across our key operating markets, stated by Kelington chief executive officer Ir Raymond Gan
KGB /0151
Latest update on the Short Term
Target Price RM 1.50 to RM 1.60
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