SUPER BULL STOCKS FOR
OCTOBER 2021 --- KGB & KGB WB
Cardi B , Vin Diesel , Paul Walker or the strong man Mark Felix
LEFTOVER FOOD WASTE
Vin Diesel , Paul Walker or the strong man--- Mark Felix
Author: SEE_Research | Publish date: 1 October 2021
THE TRILOGY OF FAST & FURIOUS PART 13 (UPDATED 13 )
--- Cardi B , Vin Diesel , Paul Walker or the
strong man Mark Felix
Which Fast & Furious Character Are YOU ?
The Good , The Bad , The Ugly
Which Fast & Furious Character Are YOU ?
Cardi B ,Vin Diesel , Paul Walker
or the
strong man Mark Felix
" 2 " -
TOP PICKS POSITIVE MOMENTUM STOCKS IN SEPTEMBER 2021
KLSE KGB + KGB WB + OCB /5533
Latest Official Announcement in
KLSE
KELINGTON GROUP BERHAD
("KELINGTON" OR "THE COMPANY") -
AWARD OF CONTRACT WORTH ABOUT
RM420 MILLION
KELINGTON GROUP BERHAD |
Type | Announcement |
Subject | OTHERS |
Description |
KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY") - AWARD
OF CONTRACT WORTH ABOUT RM420 MILLION
|
The Board of Directors of the Company is pleased to announce that Kelington Technologies Sdn Bhd (“KTSB”), a wholly-owned subsidiary of Kelington had on
14 September 2021 received an award of contract from a manufacturing company at
Sama Jaya Free Industrial Zone in Kuching to undertake the construction work with respect to their
Sarawak Expansion Project (“the Contract”).
The manufacturing company is owned by a
US multinational company,
a world leading
developer, manufacturer, and provider of data
storage devices and solutions.
The Contract value is worth about RM420 million subject to the actual amount of works carried out, depending on variation orders, scope options and value engineering. The works shall commence in mid-September 2021 and expected to be completed by 31 December 2022.
The Contract is expected to contribute positively to the earnings and net assets of Kelington for the financial years 31 December 2022 and 31 December 2023.
None of the Directors and/or major shareholders of the Company and/or persons connected to them have any interests, direct or indirect in the Contract.
The Company does not foresee any exceptional risk other than normal operational risk associated with the Contract.
This announcement is dated 14 September 2021. |
Announcement Info
Company Name | KELINGTON GROUP BERHAD |
Stock Name | KGB |
Date Announced | 14 Sep 2021 |
Category | General Announcement for PLC |
Reference Number |
GA1-14092021-00053
|
Western Digital to build
RM1bil plant in Sarawak under
RM2.3bil Malaysian expansion
KUALA LUMPUR: American hard disk drive manufacturer
Western Digital has set aside RM1 billion
of its RM2.3 billion additional investment in
Malaysia to build a new plant in Sarawak.
The balance of RM1.3 billion would be used to upgrade its existing facilities particularly in Penang, Western Digital (Malaysia) Sdn Bhd chairman Datuk Syed Hussian Aljunid said.
The RM2.3 billion will take Western Digital's total investment in Malaysia to almost
RM18 billion since establishing its operations here in 1973.
The Prime Minister's Office (PMO) had earlier announced that the new investment was agreed upon during a meeting between Prime Minister Tan Sri Muhyiddin Yassin and Syed Hussian on Thursday.
The new investment by Western Digital reflected the government's ability in managing the economy and bringing back investors' confidence despite the Covid-19 pandemic, PMO said in its statement yesterday.
Muhiyiddin welcomed any company wanting to invest in a high-impact and technology-based industry here, it added.
"The government through the Ministry of International Trade and Industry, Malaysian Investment Development Authority and other related agencies are always committed to attracting investment and convincing investors to invest or make additional investments in Malaysia.
"Western Digital's additional investment reflects high confidence of foreign investors towards the government in helping investors to expand their investment and operations in the country," PMO said.
Meanwhile, Syed Hussian said the company's decision to channel new investments was driven by the favourable operating conditions and support from the Prime Minister and government ministries.
"Western Digital Malaysia wants to express our profound gratitude to the Prime Minister and the government for their continued support of the local manufacturing industry especially during the Covid-19 pandemic.
"The unrelenting efforts to balance public health and the needs of manufacturers is a testament to the Prime Minister's unwavering commitment to the well-being of Malaysian citizens and its economy," Syed Hussian said at a press conference here yesterday.
He said the RM2.3 billion would be used to expand the company's facilities in Penang and Sarawak.
"Of the total, RM1 billion will be utilised to build a new factory in Kuching, Sarawak, which will add 30 per cent to our hard disk drive production capacity, and RM1.3 billion is for new equipment facilities," Syed Hussian added.
Western Digital currently has facilities in Penang, Selangor, Johor and Sarawak.
Syed Hussian said the new investment was expected to provide additional employment opportunities for 2,000 people.
He also said Western Digital's salary cost in Malaysia would increase by RM80 million annually.
"The company currently employs over 9,000 people in Malaysia whose contributions are critical to the global supply chain of storage devices, data centre systems and cloud storage devices," he added.
==============================================================================================================================================
Western Digital Market Cap:
17.76B for Sept. 14, 2021Historical Market Cap Data
Data for this Date Range | |
---|---|
Sept. 14, 2021 | 17.76B |
Sept. 13, 2021 | 18.06B |
Sept. 10, 2021 | 17.90B |
Sept. 9, 2021 | 18.14B |
Sept. 8, 2021 | 17.93B |
Sept. 7, 2021 | 18.65B |
Sept. 3, 2021 | 18.96B |
Sept. 2, 2021 | 19.03B |
Sept. 1, 2021 | 18.85B |
Aug. 31, 2021 | 19.51B |
Aug. 30, 2021 | 19.16B |
Aug. 27, 2021 | 19.53B |
Aug. 26, 2021 | 19.32B |
Aug. 25, 2021 | 20.22B |
Aug. 24, 2021 | 18.76B |
Aug. 23, 2021 | 19.23B |
Aug. 20, 2021 | 18.54B |
Aug. 19, 2021 | 18.39B |
Aug. 18, 2021 | 18.84B |
Aug. 17, 2021 | 18.83B |
Aug. 16, 2021 | 19.05B |
Aug. 13, 2021 | 19.45B |
Aug. 12, 2021 | 19.21B |
Aug. 11, 2021 | 20.55B |
Aug. 10, 2021 | 20.17B |
Aug. 9, 2021 | 20.82B |
Aug. 6, 2021 | 21.18B |
Aug. 5, 2021 | 20.66B |
Aug. 4, 2021 | 20.00B |
Aug. 3, 2021 | 20.37B |
Aug. 2, 2021 | 19.92B |
July 30, 2021 | 20.00B |
July 29, 2021 | 19.85B |
July 28, 2021 | 19.56B |
July 27, 2021 | 19.21B |
July 26, 2021 | 19.80B |
July 23, 2021 | 19.64B |
July 22, 2021 | 19.42B |
July 21, 2021 | 19.85B |
July 20, 2021 | 19.91B |
July 19, 2021 | 19.40B |
July 16, 2021 | 19.77B |
July 15, 2021 | 20.61B |
July 14, 2021 | 21.56B |
July 13, 2021 | 21.58B |
July 12, 2021 | 21.83B |
July 9, 2021 | 21.61B |
July 8, 2021 | 20.89B |
July 7, 2021 | 21.35B |
July 6, 2021 | 21.30B |
July 2, 202 |
=======================================================================
Kelington Group - Bonanza! And More to Come |
Source | : | KENANGA | ||||||||
Stock | : | KGB | Price Target | : | 2.50 | | | Price Call | : | BUY | |
Last Price | : | 1.66 | | | Upside/Downside | : | +0.84 (50.60%) | ||||
A huge surprise! KGB clinched its largest job win worth RM420m, doubling its existing order-book which was already at all-time high levels before this. The job entails a turnkey construction of a new semiconductor fab in Kuching for a US listed memory company which will begin immediately as the US client is scrambling for capacity to keep up with the surge in memory chip demand. This brings YTD order wins to a new high of RM764m while order-book hits a record RM822m, nearing its current market cap. KGB remains our top hidden gem pick owing to its healthy job pipeline and secular growth story. Maintain OUTPERFORM with a higher TP of RM2.50.
Largest job win; 4x its typical contract size. Kelington Group (KGB) surprised us with its single largest job award ever worth RM420m (4x the size of typical contracts) from a US listed semiconductor manufacturing company at Sama Jaya Free Industrial Zone in Kuching to undertake a turnkey construction for an entire new semiconductor fab, focusing on memory chip. KGB is tasked with handling the whole project, involving all three of its business segments (UHP, Precision Engineering and General Contracting). The job will begin immediately and is slated to be completed by end-2022 as the US customer is urgently in need of new capacity to accommodate the surging demand for its memory and data storage products. This is in line with our observation on the tech space that chip shortage will remain in the foreseeable future as the surge in semiconductor demand continues to outpace capacity expansion.
Orderbook nears current market cap. Inclusive of this recent win, KGB has secured a record-breaking RM764m (vs. FY19 of RM490m) new job wins in 2021, exceeding our expectation of RM500m. Meanwhile, its outstanding order-book has ballooned to another all-time high of RM822m, which is more than double of FY20 revenue. Interestingly, its order-book has grown very close to its current market capitalisation.
Sufficient resources to take on more jobs. The recent completion of one of its large projects in Penang couldn’t have been timelier as this frees up resources for the group to take on the new turnkey job in Kuching. Note that the relationship of higher revenue recognition and overhead expense is nonlinear, which means KGB is able to enjoy economies of scale and better margin as we anticipate the group to achieve back-to-back record revenue and earnings for FY21 and FY22.
Still, more to come. Reiterating our positive view, we expect more fab expansion to come and KGB is in a favourable position to benefit from more UHP jobs, with the management showing no signs of slowing down in terms of securing new jobs. The group’s tender-book remains elevated at RM1.1b.
Raise FY21E-22E earnings by 4% and 33% to RM32.3m and RM47.0m, representing growth of 85% and 46%, respectively.
Maintain OUTPERFORM with a
higher Target Price of
RM2.50 (previously RM1.50)
on FY22E PER of 33x (+1SD to 3-year peer mean), justified by the group’s healthy job pipeline and secular growth story.
Risks to our call include: (i) slower revenue recognition due to Covid-19, (ii) downturn in semiconductor sales, and (iii) delay in liquid CO2 ramp up.
Source: Kenanga Research - 15 Sept 2021
=========================================================================
Please note : the number of huge
quantities of shares
the main directors are buying in
KGB WB , with official disclosures .
Market Chat - 4Q21 Outlook & Strategy - Recovery begins with an ENDemic
Author: MalaccaSecurities | Publish date: Mon, 27 Sep 2021, 11:01 AM
- We believe Covid-19 may turn endemic as more than 80% of the adult population has been vaccinated. That may provide potential economic recovery going forward and we are anticipating some goodies for the construction, tourism, and consumer sectors in the upcoming Budget 2022 to boost the economy.
- Recovery theme play should be interesting under the NRP from 4Q2021 going into 2022 as business activities are likely to return to normalcy by then.
- Also, we like technology and telco on the back of higher adoption for 5G and IoT devices, electric vehicles as well as the 5G rollout story in Malaysia.
Covid-19 status
- Subsiding Covid-19 sub-indicators. Despite the daily cases on the local front still hovering above 15k mark, most of the important indicators such as death toll, hospitalisation rate, ICU occupancy are on a declining trend since two weeks ago.
- Smooth vaccination progress. Nearly 60% of the total population has achieved fully vaccinated status (2 doses), while about 70% of the total population have done at least 1 dose. Meanwhile, Klang Valley (KV) is getting nearer to the 80% mark on the fully vaccinated status.
- Malaysia in gradual recovery mode… Kedah is currently under Phase 1 and most of the states are in Phase 2 and Phase 3. Meanwhile, Labuan and Negeri Sembilan are the regions with Phase 4 status under the National Recovery Plan. PM has announced that offices will be allowed to operate under certain conditions from 17th Sept 2021 if their workforce is 40-60% fully inoculated. Also, interstate travel and tourism activities are allowed when adult vaccination rate is above 90%.
- Crucial 80% target. Although most of the indicators are pointing for a recovery, the downside risk could be the Delta variant. Hence, the 80% fully vaccinated target for Malaysia citizens will be important for the economic recovery going forward. Still, wearing facemasks and social distancing should continue to reduce daily infections.
Economic review and outlook
- The Federal Reserve is less dovish. The Fed maintained its interest rate and asset purchase programme direction, but signals potential interest rate hike by end-2022. However, the next meeting in November may send more clues to future monetary policies. Do note that the Fed is purchasing at least USD120bn of bonds monthly.
- Stimulus packages should be cushioning the downside risks.
- Over the past 1.5 years, Malaysia has put
- in efforts releasing stimulus packages,
- worth roughly RM380bn to support the
- economy. We opine these measures are
- able to cushion the downside risk.
- However, to reboot the economy to the
- fullest potential we think the government
- will need to provide more boosters in the
- upcoming Budget 2022.
- Near term domestic focus. Domestic driven catalysts are likely to be seen in Budget 2022, as the travel borders remained restricted. Thus, higher development expenditure is expected and may benefit the construction sector, while measures or policies related to domestic tourism, automotive and property sectors could be crafted to rekindle the domestic consumption activities.
- Lower expectation on economic growth. In 2020, Malaysia’s GDP contracted -5.6% YoY. Based on Bloomberg consensus, Malaysia’s GDP is projected to grow at a rate of 4.1% and 5.7% in 2021-2022. Do note that MoF has toned down their projections for 2021 to 3-4% (vs. 6.5-7.5% in Budget 2021), and this will be a realistic target as we are coming out of the Covid-19 pandemic environment.
Market review and outlook
- Global markets look overvalued, while the local market is at a discount. The MSCI World Index and S&P500 are trading at 24.2x and 26.7x vs. 10Y avg PE of 19.7x and 19.5x, respectively, while the FBM KLCI is trading at 14.9x PE (10Y avg PE of 17.7x).
- Trading activities slowed down, but foreign funds are returning. YTD average daily trading value (ADTV) dropped 26.2% to RM3.75bn in 2Q21 (1Q21: RM5.08bn). QTD, ADTV has declined further to RM2.85bn. Nevertheless, foreign investors have turned net buyers for the month of August, scooping up RM1.05bn in equities, while MTD registered another RM847.9m of buying flows in the local exchange.
- Big caps were flat, but small caps gained strength. In 3Q21, the FBMKLCI was flat, while FBM Small Cap and FBMACE added 3.0% and 3.1%, respectively. Overall, technology (+23.0%) was the leading sector, followed by the industrial products (+7.7%) sector. Meanwhile, the healthcare and energy sectors lost -13.7% and -9.9% respectively.
- Supercycle commodities are still upward trending. Most of the commodities that have rallied under this Covid-19 pandemic due to shipping disruptions and supply constraints could remain elevated. However, technical readings on Bloomberg Commodity Index might be forming bearish divergence signal.
4Q21 Strategy – Recovery begins with an ENDemic
- Covid-19 induced recession to regain momentum. Economy contracted in 2020, but we opine that the recovery is on its way. With the help of a smooth vaccination drive, 80% of Malaysia’s adult population are fully vaccinated with Covid-19 vaccine and it will be meaningful for businesses to operate under comfortable conditions with less severe Covid-19 conditions. Eventually, rebooting the economic activities in a broader manner and returning to normalcy by 2022.
- Restarting the construction is crucial… Given the international travel restrictions are not uplifted, we expect more infra works to be seen in the upcoming Budget 2022 and that should kick start the economy at least for the domestic front. Also, we favour the building material segment, which is the proxy to the construction sector.
- …and revitalising the domestic economy. While waiting for the international borders to be uplifted, domestic tourism will be important in stimulating the economy. With the Langkawi travel bubble pilot project started recently, we feel the revenge spending is surfacing in a significant manner and that should be a decent catalyst for tourism, aviation and consumer related stocks.
- Technology sector is likely to be the winner.
- Technology sector continues to rise despite the chip shortages issues
- globally; the Bursa Technology Index rose 39% YTD.
-
Technology: KGB
- We believe the adoption in 5G and IoT devices, as well as higher demand in electronic gadgets under the Covid-19 environment will remain as the main catalysts for the sector. Meanwhile, the hype in electric vehicles will continue to provide positive sentiment for the sector.
- Progressive 5G rollouts in Malaysia. Malaysia has setup the National 5G Task Force in Nov 2018 and introduced Jalinan Digital Negara (JENDELA) in Aug 2020 to provide wider coverage and better quality of broadband experience for the Rakyat and it was further supported by the Digital Economy Blueprint – MyDIGITAL that focuses on the rollout of 5G technology going forward, where Malaysia’s 5G network and infrastructure across the whole nation will be done by Malaysia’s single wholesale 5G-network operator - Digital Nasional Berhad (DNB).
RM 2.00 and
https://www.bing.com/videos/ search?view=detail&mid= F9A7D52834A42E6DC1B5F9A7D52834 A42E6DC1B5&q=fast
https://www.youtube.com/watch?
========================================================================================================================================================================================
Kelington records
11-fold hike in 2Q netprofit
=========================================================================================================================================================================================================================================================================================================================================================================
NEWSFLASH ON NASDAQ
NEWSFLASH ON NASDAQ
NEWSFLASH ON NASDAQ
In the financial , stock market theme in US is the technology sector ,
Nasdaq with the 52 weeks , low is 10,519 points and the high is 15,385 points , the closing for 2 September 2021 is near the historical high ( 15,390 points )
14,836 points and now KLSE - technology stocks in
Technology sector enjoy positive momentum ,
and the spillover strong positive effects included
3. KGB / 0151 Warrant for Technical / Trading Buy
3.1 KGB /0151 , one of their key business is
===================================================================
HOT SELLING FOOD BASED PRODUCTS
IBUMIE PRODUCTS ( EASY CONVENIENT PACKS )
PLEASE CLIP ON THESE 5 IBUMIE VIDEO CLIPS TO UNDERSTAND THE DELICIOUS , TASTY IBUMIE , IN WHICH IBUMIE CONVENIENT PACKS ARE WIDELY SOLD THRU SUPERMARKETS ; HAVE BEEN WELL RECEIVED AND LOVED BY THE CONSUMERS, IN VARIOUS DIFFERENT COUNTRIES IN THE WORLD
|
The plantation sector
was the clear winner for the quarter under review, with most companies reporting profits that exceeded expectations thanks to strong average selling prices of CPO. — Bloomberg
THE recently concluded results season showed some sectors reporting profits exceeding or at least meeting with market expectations but on the whole, cautiousness continues to dominate going into the rest of the year, and even beyond.
The plantation sector was the clear winner for the quarter under review, according to Kenanga Research, with most companies reporting profits that exceeded expectations thanks to strong average selling prices of crude palm oil (CPO).
“Plantations stood out as all 11 stocks outperformed
our expectations except for IOI Corp Bhd and PPB Group Bhd that came in within and United Malacca Bhd that came in below expectations,“ it tells clients in a report.
“Against our estimates, the plantations sector had an overwhelming 73% of stocks surpassing expectations,” Kenanga says, adding that the other two sectors that surprised positively were utilities and healthcare while sectors leading the misses were construction, gaming and consumer.
The banking sector – always one to be watched – also did relatively well with no major negative surprises.
Some banks even declared dividends higher than what the market was anticipating.
Thomas Yong, CEO at Fortress Capital Asset Management, (pic below) opines that on the whole, second-quarter corporate earnings for Malaysia came in largely within expectations.
Fortres Capital Thomas Yongs
“This is viewed positively considering the movement restrictions imposed as a result of the Covid-19 situation, as well as the political uncertainty.
“Overall, exporters benefited from external demand recovery but domestic-centric companies were affected by lower domestic consumption demand,“ Yong tells StarBizWeek.
He points out that risks associated with the banking sector were a concern for investors during the earlier part of the pandemic but so far, credit risks are perceived to have been well managed.
“Having said that, hiccups in delivering better earnings in the coming quarter due to the protracted movement restrictions are expected.
“In our view, the banking sector is a good proxy to any recovery of the broader economy going forward and the overall risk-reward profile is favourable, given the undemanding valuations of the sector,“ Yong adds.
For the coming year, he believes the technology sector
would continue to do well
due to favourable external semiconductor demand, particularly in the segments of 5G, electric vehicle and renewable energy.
That said, there could be some short-term disruptions due to chip shortages and logistic issues.
Meanwhile, in view of a higher rate of vaccination among regional countries going forward, he believes that a recovery of tourism-related sectors is possible, as countries are likely to adopt the “endemic approach” and open up their borders.
“In summary, the sectors which performed poorly in the recently-concluded results season might perform well due to pent-up demand when the Covid-19 outbreak is brought under control,“ says Yong.
For the second quarter, sectors that delivered poorer results were those hit hard by the movement restrictions including tourism, automobile, construction, retail and gaming.
“Technology and commodity sectors reported good earnings due to strong external demand and higher commodity prices,“ Yong adds.
Rakuten Trade Sdn Bhd head of equity sales Vincent Lau (pic below) notes that the recently concluded quarter saw better results compared to the quarter before.
Rakuten Vincent Lau cq
“Banks, plantation,
technology
and semiconductor
all performed better than expected while gaming, construction, automotive, retail and hospitality were impacted by the lockdowns,“ he says.
Lau believes that as the local economy gradually opens up, banks will continue to do better, being direct proxies of the economy.
“The worst is over for banks,“ he says.
To be sure, in their respective statements released last week, two of the country’s largest banks – Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd – indicated that they were not overly optimistic in their outlooks.
Maybank group president and CEO Datuk Abdul Farid Alias in the lender’s statement said that given the expectations of a more challenging second half, the group would continue its strategy of focusing on robust risk management, strengthening its capital and growing its current account savings account (CASA) deposit base to provide sufficient buffers for unexpected events.
The lender, the larger of the top two, said given the prevailing challenging situation, it would continue with its preemptive provisions and management overlay largely due to the weakening macroeconomic outlook and the continued repayment assistance accorded to borrowers impacted by the pandemic.
CIMB Group was equally conservative in its outlook with group CEO Datuk Abdul Rahman Ahmad stating that the bank remained cautious “due to potential downside risks in the second half.“
“This is primarily due to the Covid-19 Delta variant, which has added to the uncertainty surrounding the opening of regional economies and economic recovery.”
The lender has consequently lowered its loan growth guidance to 2%-3% and expect provision levels to remain elevated, coupled with higher modification loss as it continues to provide repayment assistance to affected borrowers, it said.
Meanwhile, Rakuten’s Lau
also picks the
technology sector as a top choice
moving into the next quarters.
“And so is plantation-
oil palm stocks are my choice.
With CPO price remaining elevated, we will continue to see good results ahead,“ Lau adds.
He remains “cautiously optimistic” on the whole, cautioning that US markets, which are correlated to regional markets, are trading at all-time high levels.
==============================
For September 2021 onwards to December 2021
These are the 18 sectors in KLSE
Total : 1,496 counters including call warrants , warrants
1. Consumer
2. Industrial
3. Construction
4. Finance
5. Technology
6. Properties
7. Plantations
8. Healthcare
9. SPAC
10. Transportation
11. REITS
12. Closed - End Fund
13. Exchange Traded Fund
14. Telecommunication
15. Utilities
16. Energy
17. PN 17
18. LEAP Market
==================
Kenanga ,
Kenanga Investment Bank Berhad (Kenanga IB)
is a Malaysian financial services company which provides investment banking, stockbroking and investment management services.
&
Rakuten ,
Rakuten Trade Sdn Bhd (Rakuten Trade) is Malaysia's first fully online or digital equity broker.
Vincent Lau
“And so is plantation-
Oil palm stocks are my choice.
With CPO price remaining elevated,
we will continue to see good results ahead,“ Lau
adds.