WHAT DO YOU MEANS

KUALA LUMPUR: AmResearch is maintaining a Buy call on Kimlun with a fair value of RM2 a share, which is a 20% discount to its sum-of-parts value.

It said on Friday the management held a briefing for analysts and the key highlights were that it has a balance manufacturing order book of RM300mil as at end-December 2013.

The order book comprises of the Klang Valley Mass Rapid Transit Line One (KVMRT 1) job as well as the tunnel lining segment (TLS) packages for the Singapore cable tunnel and downtown line. The bulk of the KVMRT job is expected to be recognised this year.

Depending on the timing of the TLS package awards under KVMRT2, Kimlun will utilise its Senawang plant to produce industrial building system (IBS) products. The Senawang plant is currently running at about 50% utilisation rate.

AmResearch said Kimlun also intends to utilise its Senawang plant to supply TLS for the upcoming Thomson line in Singapore. The management reckons that its Senawang plant could handle three to four packages under the Thomson line.

“We understand that there are 19 TLS packages under Thomson line, estimated to be worth about S$130mil in total. Kimlun will be able to supply TLS from both its Senawang and Johor (currently at about 80% utilisation rate) plants. The TLS package is expected to be awarded soon following the appointment of main contractors recently,” it said.

AmResearch said Kimlun, with a balance construction order book of RM2bil as at end-Dec 2013, it expects new order wins to slow down in 1H14. About 80% of the jobs are in Johor. Its maiden project, HYVE, (GDV: RM235mil) has achieved a 70% take-up rate. It has unbilled sales of RM125mil and is expected to be completed by end-2015. Kimlun is still awaiting approval for phase 1 of its Medini Opus project (GDV: RM446mil) with a tentative launch scheduled for 4QFY14.

Kimlun intends to launch 41 bungalow units on a 386sq ft land that it is purchasing in Shah Alam. The group intends to sell these units (8,000 to 13,000 sq ft plots) for between RM1mil-RM2mil each.

“Recall that 70% of its record new order wins of RM1.1bil last year were secured in 2H. Given the large size of jobs in hand, we expect new order wins to slow down in 1H14 with a new order book assumption of RM700mil. Maintain BUY,” it said.

today warrant close at Rm0.49 close to what i mention before

If ppl goreng it., then will estimate go another 10- 20 % premium
It will around Rm0.67 above

warrant should at least RM0.5. Cause Brusa 10year warrant around 30% extra premium.

share price and volume coming

big share holder have news already

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): INTENTION TO DEAL DURING CLOSED PERIOD

KIMLUN CORPORATION BERHAD


Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
Description The Board of Directors of the Company wish to inform that the following Directors/ Director of Kimlun Sdn Bhd, the wholly-owned major subsidiary of the Company have given their notice of intention to deal in securities of the Company during closed period. Their current holdings of the securities of the Company are as follows:-







Name of Directors


Description of Securities


No. of Shares Held (Direct)


% of Issued and Paid-up Share Capital


No. of Shares Held (Indirect)


% of Issued and Paid-up Share Capital



Pang Tin @ Pang Yon Tin


Ordinary Shares


12,471,200


5.19


88,373,900


36.75



Pang Khang Hau


Ordinary Shares


13,917,800


5.79


-


-



Chin Lian Hing


Ordinary Shares


6,158,900


2.56


-


-



Yam Tai Fong


Ordinary Shares


6,439,400


2.68


-


-






Name of Director of Kimlun Sdn Bhd


Description of Securities


No. of Shares Held (Direct)


% of Issued and Paid-up Share Capital


No. of Shares Held (Indirect)


% of Issued and Paid-up Share Capital



Leong Choon Thye


Ordinary Shares


2,612,300


1.09


-


-

ha ha start moving up