https://theedgemalaysia.com/node/696034

https://theedgemalaysia.com/node/695929 Good news for KGB biz.

@ChloeTai son will follow the mother, take some time.

@dragon328 you are right, I am referring to Rolling 4 quarter PE value of 8.22 now. @xiaochen look like a lot of IB need to revised their target price soon.

@Moolala you are right, gross profit margin of latest Q is at 14.8% compare to FY2022 average of 11.4%

Finally PE is above 8.0 already

wow ATH 2.68, YTL and YTLPower is supporting the FBMKLCI....

ATH 2.65

ATH 2.23

No body will make the perfect calls, even TTB's iCap out of 25 counters only 13 is positive as of 31-May-2023. As long as more than 50% is good call, you will make money. @calvintaneng take notes of your concerns on KGB's "receivables" issue, time will tell whether your suspicious is true. Every investors know their risk to trust the management or not. Let's move on and focus on the good to come in 2024.

@sybtu123 on dear... @calvintaneng have you read the latest management update on 29Nov2023? most the job awards name is in there for you to explore, of course not mentioned directly but with photo proof...

@gohkimhock me too since 2018

@xiaoeh Serbak listed on Jan-2017, got flagged End 2018 or early 2019. KGB listed in 2009, show steady grow of business all these years, cash is reinvested in recurring income asset of LCO2 and gas supply onsite. It show management commitment to create more income stream. Net cash from 2018-2020, and 2022, data from Equities Trackers, 5 years Cash Flow analysis. 2018 to 2022, dividends paying. 1.8,2.0,1.5,1.5,2.5 cents. Time will tell. I don't know where he get the number of receivable rolling from 18 months old invoices, maybe he has people work inside KGB.

@gohkimhock hahaha, I think uncle just don't trust the number by KGB management, external auditors. He just don't have faith in this KGB. Maybe because of the name, Komitet Gosudarstvennoy Bezopasnosti. Time will tell. 2 years.

@calvintaneng brother, out of RM400M, RM354M is NOT YET DUE, when you have Revenue of 1.53B per annum, you will have higher receivables, as long as they are not due, you are ok. If you see RM400M over 6 months receivable, do you think the share price can keep moving up? The receivable is a rolling numbers, you received payment and you invoices for completion of works, so this RM400M will not be 2022 invoices. maybe a bit of bad debt, which stated as 12M.

@calvintaneng have you read the management update release on 29Nov2023?

@calvintaneng TTB's iCap invested RM18,486,573 3-4 years ago, today's market value it at RM70,343,030, that is 380% profit. Right call with the right amount purchase make a different. Time will tell he is right or you are right on KGB. For me it is a right call till now.

Mr Tan Teng Boo's iCapital 5108 owned 28,383,200 KGB shares buy at RM0.65128 and 9,461,066 WB, FOC.

@calvintaneng go and read Mr Tan Teng Boo iCapital write up on KGB 10 Nov 2023, most of your so called doubt will be answered. calvintaneng versus Tan Teng Boo's iCapital. Subscriptions is only RM49 per annum.

https://www.icapital.biz/newsletter/sections/Malaysian-Company-Analysis/76#S0VMSU5HVE9OX0dST1VQX0JFUkhBRF8oS0dCLF8wMTUxKV8vMTAvMTEvMjAyMw==

@OTB look here https://www.bursamalaysia.com/market_information/market_statistic/securities

Market is not easy to predict, the net short is 1Millions plus versus Total Share issued 647M. Let see how it is supported at 2.20

Look like moving pass 2.20.....

@ChloeTai Warrants usually follow mother shares movement. I can't really advised you to sell and buy back, my style is you should have multiple entry point, need to have reserved cash to pick up if you think it is a long term good buy. for example 2.20 is a hard resistance and it cannot break then, it might correct to 2.07 around mid of the EMA20, so with 1% premium, you can wait to collect the WB at 0.70. this is not 100% will happened, if you sell at 81 and want to buy back at 70, if it did not happened, you might missed the boat. A better bet will be with extra cash to buy lower if you think it will be good price before the warrant expired.

@Ravi1969 Yes, agreed with you. Not easy to find company that growth so fast these days

@ChloeTai grow it slowly. soon it will snowball.

@Samchong3388 pm me at MQ Chat of the investor partners apps

anyone need KGB's Q32023 Management Result briefing, do PM me at MQ Chat.

KGB will ride the waves till 2026, keep monitoring the Order books.

https://www.semi.org/en/news-media-press-releases/semi-press-releases/global-300mm-fab-equipment-spending-forecast-to-reach-record-%24119-billion-in-2026-semi-reports

MILPITAS, Calif. — June 13, 2023 — Global 300mm fab equipment spending for front-end facilities next year is expected to begin a growth streak to a US$119 billion record high in 2026 following a decline in 2023, SEMI highlighted today in its quarterly 300mm Fab Outlook Report to 2026. Strong demand for high-performance computing, automotive applications and improved demand for memory will fuel double-digit spending in equipment investments over the three-year period.

LogoAfter the projected 18% drop to US$74 billion this year, global 300mm fab equipment spending is forecast to rise 12% to $US82 billion in 2024, 24% to US$101.9 billion in 2025 and 17% to US$118.8 billion in 2026.

“The projected equipment spending growth wave underscores the strong secular demand for semiconductors,” said Ajit Manocha, SEMI President and CEO. “The foundry and memory sectors will figure prominently in this expansion, pointing to demand for chips across a wide breadth of end markets and applications.”

Regional Growth

Korea is expected to lead global 300mm fab equipment spending in 2026 with US$30.2 billion in investments, nearly doubling from US$15.7 billion in 2023. Taiwan is forecast to invest US$23.8 billion in 2026, up from US$22.4 billion this year, and China is projected to log US$16.1 billion in spending in 2026, an increase from US$14.9 billion in 2023. Americas equipment spending is expected to nearly double from US$9.6 billion this year to US$18.8 billion in 2026.

Segment Growth

Foundry is projected to lead other segments in equipment spending at US$62.1 billion in 2026, an increase from US$44.6 billion in 2023, followed by memory at US$42.9 billion, a 170% increase from 2023. Analog spending is forecast to increase from US$5 billion this year to US$6.2 billion in 2026. The microprocessor/microcontroller, discrete (mainly power devices), and optoelectronics segments are expected to see spending declines in 2026, while investments in logic is forecast to rise.

The SEMI 300mm Fab Outlook Report To 2026 report lists 369 facilities and lines globally, including 53 high-probability facilities expected to start operation during the four years starting in 2023.

About SEMI
SEMI® connects more than 2,500 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA), the MEMS & Sensors Industry Group (MSIG), Nano-Bio Materials Consortium (NBMC), and SOI Consortium are SEMI Strategic Technology Communities. Visit www.semi.org, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter to learn more.

Association Contacts

Michael Hall/SEMI
Phone: 1.408.943.7988
Email: mhall@semi.org

@ChloeTai, only if 2nd LCO2 planted is producing, they might have some write-off in Q4, that is very seasonal event. Worse case will go to 28M to 30M. Warrants premium is low but if mother move south it will move south more faster. So need to prepare for that.

Q4 Profit will be around RM32M to RM35M, Total for FY2023 will be around RM100M. PE around 14 at current price of 2.17. ROE of 29.x. FY2024 Estimated Profit will be around RM120M for FY2024 with FPE of 11.7

@ChloeTai currently there is 1,339,700 net short position for KGB.

@ChloeTai https://www.tradingview.com/x/ywOQZTwS/
Adjustment is coming, might retrace before moving higher. Sure will moving higher in 2024, just need more time.

https://www.tradingview.com/x/0t0CINJ8/ ATH 2.60
Powering FBMKLCI windows dressing.

good write up Chloe!!!

@calvintaneng that is NOT MNC, please quote MNC example. US MNC will not allow you to publish their name in your contract win. There have very clear reason for that, but from news update, most can be guess which customer are they. If you deal with US MNC, you will need to protect their interest in NDA first. Not tell the client name does not mean there is somethings to hide, secretary resign does not mean something fishy is cooking, not over due receivables increase does not mean accounting scam going to happen. Time will tell who is right. Investment Banker and analyst do have access to management which most people can't get to.

https://theedgemalaysia.com/article/kelington-secures-construction-contract-worth-around-rm420m

https://www.tradingview.com/x/pDKdR8fA/

new short term target 2.20

@calvintaneng most MNC will not allow vendor to publish their name in contract wins, this is due to the NDA sign and to prevent vendor using MNC name for publicity or promotion to other potential client. There is nothing uncommon about this. Secretary resigned, you have any insider news? She also resigned from another listed company as joint secretary. If CFO resign, it will be serious.

@gohkimhock Well done!!!

https://kelington-group.com/wp-content/uploads/2023/12/20231130-Kenanga-Conviction-Call-Update.pdf
calvintaneng versus samueltan@kenanga.com.my, time will tell.

time will tell. just monitor and wait.

Free cash flow is what the shareholder can get as dividend, as long as there is free cash flow, this business can afford to give some as dividend. This is what we as shareholder want. RM3.0 Billion free cash flow annually, any other KLCI components company have that level of free cash flow.

@Dragon328 with no new data center construction in Singapore, most will go for short term rental of AI cloud for small start-up, for big one leasing will be a good mid term solutions.

@wkc5657 thanks for the sharing, very reasonable calculations for deployment on Q2 2024. @Dragon328, currently there is shortage of the H100 processor, with NVIDIA CEO visit, highly good chance of YTLPower secure the H100 for Q2 2024 deployment. This year 2023 projected output for H100 is about 550,000 pcs. Online price is definitely have been "goreng" beyond reach. Those Chinese firm that need to use H100 for AI deployment will need to subscribe for the AI Data center cloud services. It is Win-win for NVIDIA, YTL Power and the Chinese user.

@Alex Chua, the other 40% is not sure is which Sultan and MARA as per AGM QA session if I did not mis hear what YTLPower MD say. 26% and 16% respectively. @Dragon328 the GPU price should be around USD30K to USD40K depends on configuration, that is retails price. I bet YTL Data Center can get a special pricing from NVDIA with the volume and connections for this sought after items.

@Permutation it wont be so soon reach PE10.0, at least 3-4 quarters, in my opinion. Only higher earning will drive it there.

consolidating before inclusion into FBMKLCI is good.

https://www.tradingview.com/x/TDohAQiH/

Code Stock M-Cap L4Q P/E
1 MAYBANK $109,386,345,889 11.71
2 PBBANK $82,495,439,874 12.17
3 CIMB $61,644,316,194 9.12
4 TENAGA $57,352,458,842 19.87
5 PCHEM $56,560,000,000 27.04
6 IHH $51,873,179,717 20.02
7 CDB $48,099,182,751 41.09
8 HLBANK $41,706,899,784 10.79
9 PMETAL $39,714,957,690 27.2
10 PETGAS $33,084,397,619 17.44
11 MISC $31,648,293,100 15.96
12 SIMEPLT $31,120,715,705 12.97
13 MAXIS $29,918,534,560 25.46
14 NESTLE $27,600,650,000 42.82
15 IOICORP $24,889,388,020 19.71
16 RHBBANK $23,532,051,074 7.85
17 KLK $23,220,262,022 23.44
18 PETDAG $21,418,868,240 22.99
19 AXIATA $21,295,476,230 2.49
20 PPB $20,627,684,616 14.62
21 YTL $20,613,126,576 7.19
22 TM $20,258,113,286 12.62
23 YTLPOWR $20,232,357,670 7.47
24 HLFG $18,819,276,996 4.39
25 GENTING $18,027,566,860 12.13
26 SIME $16,084,810,282 8.54
27 GENM $15,854,579,210
28 MRDIY $14,540,900,670 27.02
29 QL $13,482,460,550 32.74
30 AMBANK $13,323,023,073 7.6

Roling 4 Quarter PE is the last columns.
Average PE is 17.24, GENM is exceptional. I think the YTLPower and YTL weightage in FBMKLCI is not so big.

H100 of Nvidia is a very sought after pcs of hardware for AI Data center, each unit cost USD30K depend on configuration, its service will be very popular for next generation of cloud services with AI feature build-in. This is the next generation infrastructure that YTLPower is invested in now, the grow will be explosive.
https://www.tradingview.com/x/igJZ215D/

Immediate target is above 2.50? Next target 2.74?

@cheeseburger not only infrastructure but Eco system as well to support the growth of AI Hub.

https://theedgemalaysia.com/node/693297

20 Billion project with Nvidia. big capex.