hoping the 2 years

Undervalue GEM

Kimlun is great but Gadang is more superb

Seem Nikmon manage too see the money.

Posted by Nikmon
this old man constantly appear on media recently to boots his company, 1Q result definitely will be super good....else he would not dare to emerge on media.
08/04/2017 12:09

Engineering company eyes steady earnings stream from new venture

Engineering solutions provider Kelington Group Bhd aims to derive more than a quarter of its earnings from its recent diversification into the supply of industrial gases.
Chairman and chief executive officer Raymond Gan Hung Keng says the new business will give the small-cap company a stable earnings stream that will buffer its exposure in the cyclical semiconductor industry.
Explaining the rationale, he adds that since “the company’s project tenures are fairly short-term in the range of six to nine months, there was always the question of continuity”.
So, it has been looking for a good source of recurring income.
“This new business is long-term in nature and will give us the stability in terms of earnings visibility. Earnings from the maiden venture is expected to kick in in 2018 and if all goes according to plan, we hope to grow the contribution to about 30% of revenue in three to five years’ time,” Gan tells StarBizWeek.
Kelington currently specialises in the provision of ultra-high purity (UHP) gas and chemical delivery system solutions. It also provides end-to-end process engineering services encompassing design, fabrication and maintenance, plus general contracting and construction management services.
Its clients are mostly multinationals involved in the electronics/semiconductor industry and other high-technology manufacturers.
About two weeks ago, the company bagged a letter of award from Hanwha Q CELLS Malaysia Sdn Bhd for the onsite supply of nitrogen gas, marking its diversification into the new segment.
Under the contract, Kelington will set up an onsite generator to produce nitrogen gas at Hanwha’s manufacturing plant in Cyberjaya, Malaysia.
In return, the latter will pay a fixed facility fee amounting to about RM20mil over a period of ten years.
“So, for the next few years, we have locked in a certain amount of money. It is a breakthrough and we hope to get more of these kinds of jobs, which complements our current business in the high-tech sector.“
UHP delivery systems currently account for 55% of revenue, with general contracting at 39% and the rest from process engineering.
Malaysia and Singapore are its biggest markets, contributing over 70% of earnings in financial year 2016 (FY16).
The other markets where it has a presence in are China and Taiwan, which contributed 8% and 10%, respectively, to earnings in FY16.
It has also clinched jobs in the Philippines and Indonesia.
Earlier this week, it bagged two new contracts from China amounting to RM19.3mil for the installation of UHP gas delivery systems, bringing its outstanding orderbook to RM239.3mil to date.
Its tender book size is around RM800mil to RM1bil and it secures about RM200mil to RM300mil of jobs yearly, according to Gan.
However, while previously the company had operated a fairly asset-light business model, it may have to gear up under the new business.
“Because we have to invest a certain amount of money to put up the new plant, it will result in a slightly higher gearing. But we have a strong balance sheet for this and in return for that investment, get a recurring income.”
Kelington’s gearing as at the end of last year stood at 0.4 times, while net cash was at RM17.6mil.
Its borrowings totalled RM24.8mil and were mainly short-term in nature for project financing.
Besides the plan to grow its existing and new businesses, the company has been working to improve margins and productivity.
It is targeting to achieve a 12% gross profit margin and a 5% profit-after-tax margin by 2020.
Gan says that in the first ten years of its inception in 2000, the company’s focus was predominantly on UHP work. Due to the cyclical electronics industry, it took on larger-volume jobs in process engineering and general contracting.
These have boosted revenue and gave it entry into turnkey projects, but at the expense of gross margins due to competitive pricing to demonstrate capability and gain track record.
“So, while our orderbook has grown about 20% in the past few years, margins have thinned.”
“But from last year, we have been focusing on growing margins as opposed to the previous strategy of growing revenue.”
One way, he says, is to take on more project engineering works, while on the cost control side, measures like centralised purchasing and shared resources across the country have been put in place.
In FY16, the company returned to the black with a net profit of RM8.7mil on a revenue of RM340.2mil - the highest achieved in the last five years.
Singapore, which it expanded into about five years ago, recorded the biggest growth year-on-year at 81%.
In the previous financial year, it made a net loss of RM2.5mil after recognising impairment losses on certain projects, trade receivables and amounts owing by contract customers.
For FY17, the company anticipates to win more contracts from China on the back of heavy investments in the manufacturing capacity of memory chips and integrat

Tguan lack of corporate exercise. JHM share price surge due to bonus issue and Tguan still in indecisive mode.

http://klse.i3investor.com/blogs/gadangdream/

good

The contracts are awarded by REPEAT customers of the group, DEMONSTRATING OUR CAPABILITIES IN MEETING THE STRINGENT requirements of global MNCs.

We are very encouraged by the support of our customers, and are WELL POSITIONED FOR GROWTH IN 2017,” said the group’s chief executive officer Ir Raymond Gan.

“According to industry reports, China aims to produce 70% of its total consumption of integrated circuits, from approximately 10% now. This augurs well for players like us as we aim to gain a share of the capital expenditure expansion activities of these technology players,” he added.

READ CAREFULLY AND FORECAST.

Coming result is going to be fantastic .

Where is the corporate exercise ??

By Surin Murugiah / theedgemarkets.com | April 4, 2017 : 6:23 AM MYT

KUALA LUMPUR (April 4): Global sales of semiconductors jumped 16.5% year-on-year to US$30.4 billion for the month of February from US$26.1 billion a year earlier, according to the US-based Semiconductor Industry Association (SIA).

In a statement on its website yesterday, the SIA said sales in February were 0.8% lower than the January 2017 total of US$30.6 billion, exceeding normal seasonal market performance.

It said February marked the global market’s largest year-to-year growth since October 2010.

All monthly sales numbers are compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represent a three-month moving average.

SIA president and CEO John Neuffer said the global semiconductor industry had posted strong sales early in 2017, with memory products like DRAM and NAND flash leading the way.

“Year-to-year sales increased by double digits across most regional markets, with the China and Americas markets showing particularly strong growth.

“Global market trends are favorable for continuing sales growth in the months ahead,” he said.

The SIA said year-to-year sales increased across all regions: China (25%), the Americas (19.1%), Japan (11.9%), Asia Pacific/All Other (11.2%), and Europe (5.9%).

It said month-to-month sales increased modestly in Asia Pacific/All Other (0.5%) but decreased slightly across all others: Europe (-0.6%), Japan (-0.9%), China (-1.0%), and the Americas (-2.3%).

http://www.theedgemarkets.com/my/article/global-semicon-sales-165-y-o-y-february-us304b-says


KGB CUSTOMERS CONSIST MNC AND LARGE SEMI CONDUCTORS IN CHINA, MALAYSIA AND SINGAPORE.

2017 IS THE BEST YEAR ONWARD FOR KGB.

Kelington secures RM19.3mil worth of new contracts in China

By Anette Appaduray | 2017-04-03 The Edge

KUALA LUMPUR (Apr 3): Kelington Group Bhd has secured two new contracts in China from a global multinational corporation (MNC) semiconductor manufacturer worth RM19.3 million.

In a Bursa Malaysia filing today, the integrated engineering services provider said the contracts were secured via its wholly-owned subsidiary Kelington Engineering (Shanghai) Co Ltd, and that they are for the installation of an ultra high purity gas delivery system.

The group said the contracts commence immediately, with targeted completion in December. They are expected to contribute positively to the earnings and net assets of Kelington for its financial year ending 31 December 2017 (FY2017).

In a separate statement, Kelington said it has now secured up to RM76.05 million worth of new orders in the first quarter of 2017, bringing its current outstanding orderbook total to RM239.3 million.

“The contracts are awarded by repeat customers of the group, demonstrating our capabilities in meeting the stringent requirement of global MNCs. We are very encouraged by the support of our customers, and are well positioned for growth in 2017,” said the group’s chief executive officer Ir Raymond Gan.

“According to industry reports, China aims to produce 70% of its total consumption of integrated circuits, from approximately 10% now. This augurs well for players like us as we aim to gain a share of the capex expansion activities of these technology players,” he added.

Gan also said that under the ‘Made in China 2025’ initiative, China is aiming to become a superpower in the manufacturing of high technology industries by 2025, with the government increasing its capacity to invest heavily to increase its production of memory chips and semiconductors.

The group said it expects to be positively impacted by the expected capacity expansion in China’s electronics market.

Kelington’s shares closed up half a sen at 59 sen for a market capitalisation of RM133.5 million.

Another contract secured within 5 days. No wonder the Directors so confident that this year will post Double Digit growth.

The Board of Directors of the Company is pleased to announce that Kelington Engineering (Shanghai) Co. Ltd., a wholly-owned subsidiary of Kelington has secured two new contracts (“Contracts”) from a global MNC semiconductor manufacturers for installation of ultra high purity gas delivery system in China.

The total contracts value is RM19,300,000 (Ringgit Malaysia : Nineteen Million and Three Hundred Thousand only). The Contracts are expected to be completed by December 2017.

The Contracts are expected to contribute positively to the earnings and net assets of Kelington for the financial year ending 31 December 2017.

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 above Contracts.

The Company does not foresee any exceptional risk other than normal operational risk associated with the Contracts.



This announcement is dated 3 April 2017.

Bobby159753 confirmed big fish will push the price, buy now

Well said Nikon and Maxireturn.

Sad to see bobby149753. Keep on tell his friends in Penang, Singapore and Kedah told him this and that. Maybe his friends are bringing him to holland. Sad Sad.

Based on latest current quarter result of 2.08 cent per quarter.

Assume no more allowance for bad debts in year 2017, 2.08 cents X 4 quarters = 8.32 cents.

8.32 cents X 10% (double digit growth as mentioned by the Directors in FY2017) = 9.15 cents.

Reasonable PE of 12 times, KGB will be valued at least RM1.10.

Advise to collect before premium come in.

Only 3% premium which is consider low among many warrants in the market.

Traded low premium, once notice by more fund managers, RM1.78 , assuming 10% premium on Gamuda at RM5.30 as for today.

KUALA LUMPUR (March 29): Kelington Group Bhd shares jumped 5.45% this morning after it received a contract from Hanwha Q Cells Malaysia Sdn Bhd for the onsite supply of nitrogen gas.

At 9.09am, Kelington rose 3 sen to 58 sen with 1.15 million shares traded.

The contract was awarded to its subsidiary, Ace Gases Marketing Sdn Bhd. Hanwha Q Cells is among the world’s largest manufacturers of solar cells and modules and uses nitrogen in its manufacturing process.

According to the contract, Kelington will set up an onsite generator to produce nitrogen gas at the Hanwha Q Cells’ manufacturing plant in Cyberjaya, Selangor.

In return, Hanwha Q Cells will pay a fixed facility fee amounting to approximately RM20 million over a period of 10 years.

Kelington’s chief executive officer Raymond Gan said this is the group’s first industrial gas supply contract and would add a stable and recurring income stream to the group.

MORE SIMILAR CONTRACTS SEEM COMING SOON

Malaysia was the world's 3rd largest manufacturer of solar cells and modules.
KGB will roll up the same contracts to other manufacturer after Q cell. Contracts value may increase due to increasing capacity by manufacturer.

In Malaysia, many international manufacturer like First Solar(US company), SunPower (US Nasdaq listed co), Panasonic, SunEdision (US NYSE listed co), Jinko Solar (US NYSE listed co), JA Solar(China, Nasdaq listed co), TS solar (Subsidiary if Teik Seng Holding Berhad), and many more.

Assume RM2 million per year contract and with 20 clients within first year, translate to RM40 million per year.

Foreigner is coming with huge wallet

Photovoltaics manufacturing in Malaysia
In 2014, Malaysia was the world's third largest manufacturer of photovoltaics equipment, behind China and the European Union.[1]

In 2013, Malaysia's total production capacity for solar wafers, solar cells and solar panels totalled 4,042 MW.[2]

Background

Malaysia is a major hub for solar equipment manufacturing, with factories of companies like First Solar, Panasonic, TS Solartech, Jinko Solar, JA Solar, SunPower, Q-Cells,and SunEdison in locations like Kulim, Penang, Malacca, Cyberjaya, and Ipoh.[1][3]

Many international companies have the majority of production capacity located in Malaysia, such as the American company First Solar which has over 2000 MW of production capacity located in Kulim and only 280 MW located in Ohio,[4] and German-based Q-Cells which produces 1,100 MW worth of solar cells in Cyberjaya while producing only 200 MW worth of solar cells in Germany. SunPower's largest manufacturing facility with a capacity of 1400 MW is also located in Malacca.[1][5]


Last edited 25 days ago by Bender the Bot
Wikipedia

Imagine KGB able to secure 50 clients in future , assume same RM2.0 million per year X 50 = RM100 million per year.

How you derive RM13K per quarter?


Posted by

Nikmon
20 million over a period of 10 years!! mean 13k profit per quarter.......what a joke, this kind contract it is better dont announce to the public...
28/03/2017 19:26

Kelington to provide onsite supply of nitrogen gas to Hanwha Q Cells
By Syahirah Syed Jaafar / theedgemarkets.com | March 28, 2017 : 7:03 PM MYT

KUALA LUMPUR (March 28): Integrated engineering solutions provider, Kelington Group Bhd has received a contract from Hanwha Q Cells Malaysia Sdn Bhd for the onsite supply of nitrogen gas.

The contract was awarded to Ace Gases Marketing Sdn Bhd, a subsidiary of Kelington.

Hanwha Q Cells is one of the world’s largest manufacturers of solar cells and modules and uses nitrogen in its manufacturing process.

Under the contract, Kelington will set up an onsite generator to produce nitrogen gas at the Hanwha Q Cells’ manufacturing plant in Cyberjaya, Malaysia.

In return, Hanwha Q Cells will pay a fixed facility fee amounting to approximately RM20 million over a period of 10 years, the group said in a statement today.

Kelington’s chief executive officer Raymond Gan said this is the group’s first industrial gas supply contract and would add a stable and recurring income stream to the group.

“Under the group’s business model in growing this division, industrial gases can be supplied onsite via gas generators or via high-pressure gas cylinders. This business has attractive future prospects as it can be widely applied across manufacturers in the electronic, plantation, oil & gas and food & beverage sectors.”

Gan added that the new venture is synergistic with the group’s core business as they would be able to leverage on their strong client network of electronic manufacturers which has been built up over the last 16 years.

Kelington’s share closed up one sen or 1.85% higher at 55 sen, with a market capitalisation of RM123.36 million.

This article first appeared in The Edge Malaysia Weekly, on March 6 - 12, 2017.

KELINGTON Group Bhd hopes losses will be a thing of the past as it turned around in the financial year just ended after a year in the red. Furthermore, its expansion into turnkey engineering services is expected to see it ride the cyclical nature of the semiconductor industry.

The group turned in a net profit of RM8.69 million in the financial year ended Dec 31, 2016 (FY2016) from FY2015’s net loss of RM2.55 million, lifted by its two project packages amounting to S$36 million (RM106 million) for the expansion of Micron Technology’s flash memory fabrication facility in Singapore.

The group is expecting net profit and revenue to see a double-digit percentage growth this year.

“We’re not looking back,” says group president and chief operating officer Steven Ong Weng Leong in an interview with The Edge.

KELINGTON DELIVERS TURNAROUND IN FY2016 WITH RECORD-HIGH REVENUE OF RM340 MILLION

• Returns to the black with full year net profit of RM8.7 million, from net loss position in previous year.

• Gross profit margins increased to 11.3% from 9.8% in previous year
Kuala Lumpur, 22 February 2017 – Integrated engineering solutions provider, Kelington Group Berhad (“Kelington” or “Group”) has reported a commendable financial performance for the fourth quarter ended 31 December 2016 (4Q2016).

4Q2016 revenue increased by 16% to RM106.1 million from RM91.4 million in the previous year’s corresponding period. Net profit stood at RM4.6 million, a turnaround from a net loss position of RM7.1 million in the previous year’s corresponding period.

In recent years, the Group had been successful at expanding its core business beyond Ultra High Purity gas solutions to provide process engineering solutions and general contracting works on a turnkey basis.

In 2016, the Group secured a strong flow of new orders amounting to RM323 million.

Resulting from this, revenue for the full year period (FY2016) soared by 65% to RM340.2 million, hitting
a record-high in the Group’s history. Revenue contribution from all of the Group’s four key operating markets in Malaysia, Singapore, Taiwan and China grew from the previous year.

With a more stringent productivity programme in place to monitor costs, the Group’s FY2016 gross profit margin increased to 11.3% from 9.8% in the previous year.

For the full year 2016, Kelington delivered a net profit of RM8.7 million or 3.95 sen earnings per share. This is a significant turnaround from the previous year’s loss position which was affected by the provision of impairment losses on certain projects and receivables.

Ir. Raymond Gan, Chief Executive Officer of Kelington Group Berhad said, “We are very pleased with our financial performance for 2016, having set new records in our revenue and order flows.

We are gaining a strong track record in delivering turnkey engineering works, having completed certain notable jobs. This adds credibility to the Group as we bid for similar type of jobs which carry higher values and command higher margins.”

Why Kedah , Kulim?

Once CIMB reports reach all their clients, this big elephant will pick up it momentum. Once momentum start, no one can stop it.

Bobby159753 , commented only KGB since become I3investor and not other counters, something suspicious : )

Why everyone expect Selangor to chip the deal. At the end, Federal will foot the price.

Crazy

Well said Nikmon and jimmylee123

This big elephant move slow, but once achieve the required momentum, she will unstoppable.

So happy to see it.



Posted by:

Nikmon Reach RM1 in 3 months
19/03/2017 22:33

why up today with volume?

KUALA LUMPUR (March 20): North America-based manufacturers of semiconductor equipment posted US$1.97 billion in billings worldwide in February 2017 (three-month average basis) and a book-to-bill ratio of 1.09, according to the Semiconductor Equipment and Materials International (SEMI).

In a statement on its website March 16, SEMI said the billings figure was 6.1% higher month-on-month January level of US$1.86 billion, and 63.8% higher year-on-year from US%1.20 billion in 2016.

In a statetement on its website on June 16, SEMI said the bookings figure was 9.6% higher than the final April 2016 level of US$1.60 billion, and is 2.8% higher than the May 2015 order level of US$1.56 billion.

SEMI president and CEO Ajit Manocha said billing levels remain elevated as memory and foundry manufacturers continue to invest in advanced semiconductor technologies.

“These investments are paving the way for the ramp of 3D NAND and 1X-nm devices,” he said.

HIGH DEMAND FOR SEMI CONDUCTOR LEAD TO EXPANSION BY MANUFACTURER AROUND THE GLOBE, DIRECT BENEFIT KGB.

So is RM0.57 or RM0.60?

Wah

CIMB conclude Semiconductor in Malaysia is growing too.

http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=4646

This article first appeared in The Edge Malaysia Weekly, on March 6 - 12, 2017.

KELINGTON Group Bhd hopes losses will be a thing of the past as it turned around in the financial year just ended after a year in the red. Furthermore, its expansion into turnkey engineering services is expected to see it ride the cyclical nature of the semiconductor industry.

The group turned in a net profit of RM8.69 million in the financial year ended Dec 31, 2016 (FY2016) from FY2015’s net loss of RM2.55 million, lifted by its two project packages amounting to S$36 million (RM106 million) for the expansion of Micron Technology’s flash memory fabrication facility in Singapore.

The group is expecting net profit and revenue to see a double-digit percentage growth this year.

......................……………...............................
Evidences showing semiconductor is growing fast below:
....................................................................

WSTS has published the Q4 2016 semiconductor market figures
Release Date: 23. February 2017 - 14:00 UTC

WSTS has published the 2016 semiconductor market figures and re-calculated the Autumn 2016 Forecast using the actual figures for the fourth quarter 2016.

Worldwide Semiconductor Market is expected to be up over six percent in 2017 after a record year in 2016
The worldwide semiconductor market was up 1.1% in 2016 to US$338.9 Billion, an all time high. The year 2017 is forecasted to be strong with 6.5% growth to US$361 billion. 2018 is forecasted to be up another 2.3% to US$369 billion.
During 2017 the largest growth is expected across sensors, analog, and memory with all products contributing to positive growth. All regions are forecasted to return to growth in 2017 as well.

About WSTS:
World Semiconductor Trade Statistics (WSTS), founded in 1986 as a non-profit organization of semiconductor product companies, is the singular source for monthly industry shipment statistics.

...........................................................

STAMFORD, Conn., January 23, 2017
View All Press Releases

Gartner Says Worldwide Semiconductor Revenue Forecast to Grow 7.2 Percent in 2017
Worldwide semiconductor revenue is forecast to total $364.1 billion in 2017, an increase of 7.2 percent from 2016, according to Gartner, Inc. This represents a complete turnaround for the semiconductor industry as the market experienced 1.5 percent growth in 2016.

"The worst is now over with a positive outlook emerging for 2017 driven by inventory replenishment and increasing average selling prices (ASPs) in select markets, particularly commodity memory and application-specific standard products," said Ganesh Ramamoorthy, research vice president at Gartner. "The turnaround that started at the end of the second quarter of 2016 will continue to gain momentum and we expect the improved conditions to carry through 2017."

KGB WILL BENEFIT IT

Rail contracts picking up pace.

With the completion of the awards of the final three packages of MRT 2, we expect the momentum in rail awards to be sustained by the launch of the RM55 bn ECRL project by July , in addition to the awards for the RM9bn LRT 3 beginning May, and the RM8bn Gemas-JB double tracking in mid-2017.

Maintain Overweight : Construction.

Valuation

Given its strong execution capability with proven track records, we raise the target PE multiple for the construction division from 12x to 14x, as the division is now backed by strong outstanding order book after the sizeable job win. Following the revision in earnings forecasts and the change in target PE multiple for the construction division, we raise the target price from RM1.37 to RM1.45, based on 14x CY17 construction earnings, 8x CY17 property earnings, 12x CY17 utility earnings, and assigned value for oil palm plantation landbank of RM25k/ha. Maintain BUY call on the stock.
TA Research - 13 Mar 2017

KGB sees better prospects ahead

http://theedgemarkets.com/my/article/kelington-sees-better-prospects-ahead?type=corporate

TA Securities adjusted earnings estimate for Gadang up 3.8% and raised share target price from RM1.37 to RM1.45, based on 14x CY17 construction earnings.

GEORGE TOWN: Packaging firm Thong Guan Industries Bhd is investing around RM35mil to expand its production capacity in Sungai Petani.

Group managing director Datuk Ang Poon Chuan (pic) said about RM20mil was for adding a new nano-layered stretch film production line, which would start operations in September.

“Another RM5mil is for the PVC food-wrap division, which would increase the total number of PVC food-wrap production lines to eight by the end of 2017.

“The increase in demand makes it necessary for the group to expand,” Ang added.

He added that the rising orders were driven by the weaker ringgit, which had enhanced the competitive edge of Malaysian made products.

“We received over 1,000 tonnes of orders for nano-layered stretch films to be filled in the next two months, which will be delivered by end of May,” he said.

He said the strongest growing markets were now in Japan, Australia, New Zealand, South Africa, the Philippines, Vietnam, and South Korea.

“We are also on track to achieve a 20% contribution from the polyvinyl chloride (PVC) food wrap business, compared to 13% last year,” he added.

Ang said the PVC food-wrap output per annum was now about 8,000 tonnes.

“This year the targeted output for the PVC food wrap segment is 11,000 tonnes, which is expected to rise to 14,000 by 2018.

“The business, which generates about 9% of group revenue now, is expected to contribute about 18% by 2018,” he added.

On its new noodle business, Ang said that the group had been approved to supply to 53 Carrefour hypermarkets in Eastern China, of which 32 were in Shanghai.

“There are 225 Carrefour hypermarkets in China, so we can expect more orders from the Carrefour chain.

“The RM4mil noodle production plant in Sungai Petani has the capacity to produce RM60mil worth of noodle products annually. There is space for the installation of an additional line that will enable us to produce RM150mil worth of noodle products a year.

“The line is expected to be installed over the next couple of years,” he said.

The noodle business is targeted to generate sales worth RM20mil in 2017.

For the first quarter 2017, the group is projecting improvement over the performance of the previous year first quarter.

“We achieved double-digit percentage growth for the sales volume and gross profit in 2016, compared to 2015,” he said.

In 2017, the group’s output for 2017 is expected to hit 132,000 tonnes, up 10% from 2016.

According to a Technavio report, the global stretch and shrink film market is expected to reach US$14.88bil by 2020, growing at a compounded annual growth rate (CAGR) of over 5%.

“In terms of revenue, the Asia Pacific holds the largest share of the global stretch and shrink film market.

“The region accounted for close to 37% of the market share in 2015, which is expected to increase to over 39% by 2020, growing at a CAGR of almost 7%,” the report said.

KGB expanding to Singapore while grow stronger in Malaysia

https://klse.i3investor.com/blogs/2017kgb/