Posted by Augustine > 3 weeks ago | Report Abuse

Can't say it was a dip on Monday

Posted by multi-bagger > 3 weeks ago | Report Abuse

then what would you call it? A crash?

Posted by NeverLie > 3 weeks ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/08/08/infineons-7bil-kulim-sic-power-fab-to-create-1500-high-value-jobs

Posted by NeverLie > 3 weeks ago | Report Abuse

first phase contract was awarded to kgb, second phase...?

Posted by gohkimhock > 3 weeks ago | Report Abuse

usually the partnership will continue as not to make things difficult for their own engineers to test another supplier's UHP gas.

Posted by chai2145 > 3 weeks ago | Report Abuse

hope KGB will get new contract soon.

Posted by Cakes Moon > 3 weeks ago | Report Abuse

Patiently waiting for the announcement of KGB's financial result! 😃

Posted by chai2145 > 3 weeks ago | Report Abuse

will be good?

Posted by Augustine > 3 weeks ago | Report Abuse

It will beat last quarter's performance

Posted by dawchok > 2 weeks ago | Report Abuse

KGB higher TP at RM3.90 by RHB

https://www.klsescreener.com/v2/news/view/1375151

Posted by Augustine > 2 weeks ago | Report Abuse

KGB is tendering for two key projects in Germany, potentially valued at RM300 million to RM400 million, which if successful will further bolster its order book 🤗

Posted by Goldberg > 2 weeks ago | Report Abuse

Kelington to deliver another strong quarter on solid order book, says RHB

By Myia S Nair / theedgemalaysia.com

15 Aug 2024,

KUALA LUMPUR (Aug 15): RHB Research expects Kelington Group Bhd (KL:KGB) to deliver another quarter of strong earnings, on the back of a solid order book.

“We expect the strong year-on-year/quarter-on-quarter growth in revenue and core earnings to continue, supported by a solid RM1.3 billion order book (as of end-March) and favourable product mix”, RHB said in a note on Thursday. KGB is slated to announce its results for the second quarter ended June 30, 2024 (2QFY2024) on Aug 21.

“We gather that new job wins exceeded RM500 million in the first half ended June 30, 2024 (1HFY2024), with the majority coming from China, where tenders were aplenty," RHB added.

Posted by bryan1704 > 1 week ago | Report Abuse

Results out guys, Revenue down from prev quarter but PAT & EPS up 30+%

Posted by bryan1704 > 1 week ago | Report Abuse

any thoughts on how the share will perform tomorrow?

Posted by gohkimhock > 1 week ago | Report Abuse

means KGB is on the right track as a growing company. The revenue is still within expectations.

Posted by gohkimhock > 1 week ago | Report Abuse

Despite the decline in revenue in 2Q2024, gross profit increased by 21%, rising from RM46.0 million in 2Q2023 to RM55.5 million. This significant improvement in the gross profit margin, which increased to 17.3% from 10.8% in 2Q2023, was primarily driven by changes in revenue composition and a favorable project mix, as well as the contribution from industrial gases division. Additionally, PBT and PAT for the current quarter showed robust growth, each expanding by 34% compared to 2Q2023.

Posted by multi-bagger > 1 week ago | Report Abuse

operating cash flow is strong, receivables down quite a bit. I guess Calvin won't come to make noise here anymore

Posted by Augustine > 1 week ago | Report Abuse

Superb results. Tomorrow will open high and then shoot up

Posted by Cakes Moon > 1 week ago | Report Abuse

Where got superb?
I can see that all sectors of the business drop significantly, only industrial gas business going up.
Terrible!!!

Posted by multi-bagger > 1 week ago | Report Abuse

profit recognition from construction segment tends to be lumpy, have patience

Posted by NeverLie > 1 week ago | Report Abuse

Revenue dropped due to most projects came to an end, nothing to be surprised of, more high margin UHP projects coming, order book will breach 1.2b this year

Posted by gooman > 1 week ago | Report Abuse

https://klse.i3investor.com/web/pricetarget/research/72247

Posted by calvintaneng > 1 week ago | Report Abuse

please do think very carefully


see two macro picture


1. In Peninsular (West Malaysia )

there is a 52% diesel price rise

as such all industries will be impacted by a corresponding rise of 5% to as high as 30%

these will see higher cost

1. property
2. construction
3. construction material
4.logistic that send goods by lorry or ships

5. consumer food and drink which are bulky

6. Toll road owners
as lorries now see higher operation cost by 52% they will make less trip so less collections from till


others




2. By Nov 2024 if Trump gets elected he will impose 10% tariff (tax) for all and for China it will be 60% tariff

so all industries related to export to USA will be hit

two things will hit all


a universal price rise caused by rise of diesel 52%

a universal tariff by USA from 10% to 60%


that is why it is of utmost safety to go invest in East Malaysia stocks which got no 52% diesel rise there

and palm oil export is more to India and China (not USA)

Posted by Augustine > 1 week ago | Report Abuse

What happened ? Local funds took profit ... ?

Posted by gooman > 1 week ago | Report Abuse

Stocks Rally as Powell ‘Locks In’ a September Cut: Markets Wrap

Powell says ‘time has come’ for Fed to cut interest rates
Traders pricing over 100 basis points of Fed easing this year
https://www.bloomberg.com/news/articles/2024-08-22/stock-market-today-dow-s-p-live-updates?embedded-checkout=true

Posted by gooman > 1 week ago | Report Abuse

Nomura cuts Chinese stocks to fund Indonesia, Malaysia switch - https://theedgemalaysia.com/node/724209

Posted by fortunefire > 6 days ago | Report Abuse

anything can happen in the stock market. forget about the fundamentals for now. just hoot.

Posted by abellimp101 > 6 days ago | Report Abuse

gohkimhock, thats what i think too. From their last report they did mention that some works are at completion and in transition to new projects so the lower quarter. But i think most traders prefer to switch to faster growing stock base on their QR. This probably means that unless there is external catalyst news in semicon (perhaps NVIDIA result) this counter should remain bearing until next QR. As for me i think this counter has alot of growth opportunity in 2H 2024 - 2025, but like they say a good company doesnt mean a good investment, its only a good investment if bought at the right price. so DCA perhaps?

Posted by OTB > 6 days ago | Report Abuse

Malaysian Ringgit is strengthening against other major currency especially USD is a good news to Malaysian stock market.
The Malaysian export increased by 12.3% in July 2024 compared against July 2023.
The GDP growth for Q2 2024 is 5.9%.
The foreign funds were net buyers accounted for RM 1.693 billion from 16/8/2024 to 22/8/2024.

All these news will attract foreign investors to invest in KLSE.
These news will make our KLSE into a bull market.

However, based on TA, technology index is bearish.
If the Federal Reserve reduces interest rate in September 2024, the reduction in interest rate will benefit technology stocks.
I believe the correction in technology stock is at the tail end, just be a bit patience to wait.
Bull market will come soon.

I believe the Federal Reserve will reduce interest rate in September 2024.
Please note that I have done an analysis on KLSE performance after the Federal Reserve reduced interest rate in 2001 and 2007.
KLSE performed very well after the Federal Reserve reduced interest rate in 2001 and 2007. Hence I believe KLSE will be in a bull market after September 2024.

Good luck.
Thank you.

Posted by gohkimhock > 6 days ago | Report Abuse

Federal Reserve will reduce the interest rate. That's for sure. I listened to Jerome Powell's live speech few days ago.

Posted by mf > 6 days ago | Report Abuse

sell

Posted by supertrader1 > 6 days ago | Report Abuse

Keep dropping since qtr result announced with dividend, what happened?

Posted by multi-bagger > 6 days ago | Report Abuse

market irrationality

Posted by gohkimhock > 6 days ago | Report Abuse

Frankly speaking, if you were to ask me, I don't see anything wrong with the quarterly results. Revenue are still above the RM300 mil mark. The net profit posted was very nice. Almost 40% increase. Check back the history and you will know this is the 3rd best quarterly results ever. KGB is on the right trajectory and poised for further growth.

Posted by Augustine > 6 days ago | Report Abuse

Markets are irrational. Still, I will buy when the price falls back

Posted by supertrader1 > 6 days ago | Report Abuse

I think should be rebound soon, i too start collecting

Posted by bryan1704 > 6 days ago | Report Abuse

From today's Bursa annoucement, sounds manager Abrdn plc acquired a near 5% stake in KGB last week... am I seeing this right?

Posted by bryan1704 > 6 days ago | Report Abuse

sorry, meant "fund manager"

Posted by gohkimhock > 6 days ago | Report Abuse

I further accumulated some at RM2.92~RM2.95 today, taking my average cost up to RM1.93

Posted by OTB > 6 days ago | Report Abuse

Posted by bryan1704 > 2 hours ago | Report Abuse

From today's Bursa annoucement, sounds manager Abrdn plc acquired a near 5% stake in KGB last week... am I seeing this right?
-----------------
It is a good news.
Thank you.

Posted by supertrader1 > 5 days ago | Report Abuse

This fund really bought at low price, its good news.

Posted by Cakes Moon > 4 days ago | Report Abuse

Market fall 21 points with 900 counters in red!!!
Kgb managed to recover its earlier losses, looks like here is the solid rock bottom price!!!
All in Kgb-WB!!!

Posted by multi-bagger > 4 days ago | Report Abuse

fund supporting share price

Posted by gohkimhock > 4 days ago | Report Abuse

Fund manager Abrdn 狂掃貨.. 😯

Posted by Cakes Moon > 3 days ago | Report Abuse

Dead cat rebounce for Merdeka?
Take profit for my Kgb-WB, will stay monitor until market more stable~

Posted by SALAM > 3 days ago | Report Abuse

Foreign Fund nibbling up from weak holders

Posted by Augustine > 3 days ago | Report Abuse

Luckily got pick up some at RM2.80 there. Who's with me ? 😋

Posted by bryan1704 > 3 days ago | Report Abuse

I am😀

Posted by SALAM > 3 days ago | Report Abuse

Board the long haul with Aberdeen.....🤗🤗

Posted by multi-bagger > 3 days ago | Report Abuse

whack some WB, higher percentage gain🚀🚀