Entry – RM-1.15 – RM1.16
Stop Loss – RM0.910
Target Price – RM1.195 – RM1.380
Source: Mercury Securities Research - 15 Jul 2024

HL gave TP at RM1.38 with pe 20.

a much delayed north up movement

Si Ko Lai Liao.

Hi York York: are you still here. Any news to update ?

Relevant information.

Kerjaya Prospek seeks to replenish land bank https://www.klsescreener.com/v2/news/view/1355125

Thks for the info. This is interesting.

Announced 1:1 bonus in 7Jul2021, will KGB announce bonus again in Jul 2024?

See who has the best patience and stamina.

The SBL cannot last forever

I believe Inari will go much higher one fine day.

Guess this activity will not stop as long as the institution player borrows Inari from the mass market via SBL program. It’s now at 1.5% interest.

Believe so. And will go much higher.

Reasonable price to go in at 1.86. Good luck.

SBL is still borrowing Inari from the market at 1.5% rate. What does this hint?

https://www.cnbc.com/2024/06/07/ai-chipmaker-broadcom-gets-wall-street-praise-ahead-of-earnings.html
Broadcom-AI Chip-CEO Tan=Penangite-close biz relationship with Inari.

Bought in for the expected 5.8% yield and leadership from DBS

Maintain BUY with a higher TP of RM1.95 (from RM1.50) based on SOP valuation.
HL.

the DC could start contributing to Mah Sing’s earnings in FY26.

For Mah Sing 20% stake, the share of annual profit for a fully utilized 100MW capacity is around RM25m.

Under the JV, Mah Sing will contribute the land to the JV in exchange for a stake in the
JV, estimated to be above 20%. The land to be injected in the JV is valued at RM160psf,
a discount from RM200psf from surrounding land. Its JV partner, BDC is a leading DC
provider in the Asia-Pacific region, focusing on the design, construction, and operation
of state-of-the-art data centres. This JV aims to diversify Mah Sing's revenue streams,
emphasizing on recurring income and strategic growth beyond traditional property
development. This move unlocks immediate value for its currently idling Southville City
land

great move, MahSing

Yes, 5 cts per qtr again. 5x4=20 cts x pe15=rm3.

Good name

Thks of the educational sharing

三哥，when is your turn to go up?

Wow 400K , I want to change my name to 1688888 too. Kudos for your great earning.

I joined in.

Already made great return thru HT but will never break even in overall glove counters as only averaging down in HT but not in TG.

Me too in the 40%

Sikit sikit naik, jadi Bukit

I never enjoy bonus from Johotin/Ableglob since 2017. Hopefully this is the year of bonus.

Yeah, rm2 is within an easy reach.

Stagnant likes a rock.

I anticipate the upcoming eps at 5 cts again.

News on tariff accelerated the hike of HT earlier. I anticipate it’s hard to hold the current price for long. Nevertheless, after a dip from the current, it will break 4 in longer term, I f/c at year end.

W/o extra tariff on China, HT would be fine too.

HL f/c eps14cts in fy26. At PE 30, price =4.20.

TA got insight that now the capacity has been fully filled, some orders have to be pushed till new lines are ready.

Pls make one limit up showcasing the return of the King.

Then “Jiak Beh Liao” loh

Hope so. and Thank you for the positive energy

So insightful.

tortoise, tortoise wakes and moves up quick quick.

https://www.klsescreener.com/v2/news/view/1304667

HL investment has TP RM5.40 for MBMR in Mar2024.

Thank you for your kind response.

As said before, the strongest driving force behind the share price of KGB is the replenishment of contracts. In the past years, there were announcements on new contract wins every couple months, but I don't see the trend is sustained this year. A bit of a concern. Hopefully a new big contract win is on the way. God bless.

Referring to your 2nd last sentence about the new LCO2 plant, the contribution from LCO2 infact is not significant if we look at the past income breakdown. Nevertheless any extra earning is good for the valuation of KGB especially the extra earning from LCO2 which carries much higher net margin that the main income stream, UHP.

https://www.klsescreener.com/v2/news/view/1303911

Kelington starts production at second LCO2 plant
https://www.klsescreener.com/v2/news/view/1299945/kelington-starts-production-at-second-lco2-plant