KELINGTON GROUP BERHAD

KLSE (MYR): KGB (0151)

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Last Price

3.02

Today's Change

+0.20 (7.09%)

Day's Change

2.81 - 3.04

Trading Volume

3,233,700


19 people like this.

6,306 comment(s). Last comment by multi-bagger 1 day ago

ZoeZoe

229 posts

Posted by ZoeZoe > 2022-11-30 17:10 | Report Abuse

The Supply Scheme shall remain effective for an initial term of 10 (ten) years from the date of first supply of gas. Before the end of the initial term, both parties shall discuss in good faith on the renewal of the Agreement. The Supply Scheme is expected to generate a cumulative revenue of approximately RM180 million for the Group over a period of 10 years via monthly fixed facility fees and sales of gases.

The Supply Scheme will not have any effect on the share capital and shareholding structure of KGB and will not have any immediate material effect on the earnings per share of KGB for the financial year (“FY”) ending 31 December 2022, however, expected to contribute positively to earnings and net assets of the Group over the 10-year duration of the Supply Scheme, starting from FY 2023.

Risk factors affecting the Agreement include supply chain disruptions, construction and operation risks, skilled manpower shortages, fluctuation in exchange rates, and/or changes in political, economic, and regulatory conditions. Nonetheless, KGB has the relevant experience and expertise to undertake this Agreement and would take the appropriate measures to mitigate the risks when executing the Agreement.

None of the Directors and/or major shareholders and/or person connected with them has any interest, direct or indirect in the Agreement.

This announcement is dated 29 November 2022.

stainlyho37

2,270 posts

Posted by stainlyho37 > 2022-12-01 14:14 | Report Abuse

watch out now....to break 1.49/1.50....!!...then fly..

chai2145

77 posts

Posted by chai2145 > 2022-12-01 17:36 | Report Abuse

how high can it fly

Michael Kwok

6,319 posts

Posted by Michael Kwok > 2022-12-10 23:09 | Report Abuse

Price 1.45
Resistance 1.48
Tp rm 1.65-rm 1.70(if break resistance after 3pm and bursa in 1500 range)
Cut loss rm 1.41
10/12/22 11.10pm.

calvintaneng

56,155 posts

Posted by calvintaneng > 2022-12-14 15:22 | Report Abuse

Topglove toppled by China glove glut and fierce price war

Kgb will be toppled in Sabah construction project

Now cement prices up twice by 15%

Kgb will face cost over runs

Sell kgb before bad news out like topglove

calvintaneng

56,155 posts

Posted by calvintaneng > 2022-12-14 15:24 |

Post removed.Why?

calvintaneng

56,155 posts

Posted by calvintaneng > 2022-12-15 00:22 | Report Abuse

And these are the warning red flags on KGB

1. KGB committed to complete Sarawak Construction project by End December 2022 worth Rm420 Millions

See
https://www.thestar.com.my/business/business-news/2021/09/14/kelington-bags-rm420mil-construction-job-in-sarawak

So far no sign of payment except got Rm530 Million Receivables (IOU) in balance sheet

Why KGB not get payment yet?

Is it due to incompletion by cost over runs

CEMENT PRICES UP BY 15% IN EARLY
NOW ANOTHER 15% HIKE IN CEMENT PRICES

HOW TO SURVIVE 30% CEMENT PRICE HIKE IN ONE YEAR?

See

https://www.edgeprop.my/content/1904606/construction-groups-want-govt-probe-latest-cement-price-increase?wref=edgemarkets

Another Red Flag

Since KGB got no payment IT GONE TO BORROW MORE MONEY

Refer KGB balance sheet

Short term loan jumped from Rm29 millions to Rm152 Million or Up by Rm123 Millions

Matter of time due to High Construction cost KGB will go insolvent & later bankruptcy

BETTER SELL KGB

SITTING TIME DEBT BOMB OF CONSTRUCTION OVER RUNS, IOUS & HIGHER DEBT LOAD

GET OUT NOW!

SELL ALL KGB

SELL ALL KGB WB FAR OUT OF MONEY!

calvintaneng

56,155 posts

Posted by calvintaneng > 2022-12-16 08:49 |

Post removed.Why?

xiaoeh

2,445 posts

Posted by xiaoeh > 2022-12-16 09:04 | Report Abuse

Posted by calvintaneng > 12 minutes ago | Report Abuse
Listen!
KGB with over half Billion Rm Receivables (IOU) might end up like Sendai
Sendai crashed by 9o% from Rm1.60 to only 16 sen now when IOU turned into bad debts

It doesn't seem an apple-to-apple comparison Master Calvin

calvintaneng

56,155 posts

Posted by calvintaneng > 2022-12-16 09:31 |

Post removed.Why?

xiaoeh

2,445 posts

Posted by xiaoeh > 2022-12-16 09:51 | Report Abuse

Posted by calvintaneng > 4 weeks ago | Report Abuse
if can be collected then good
receivables are 30 days, 60 days, 90 days or 120 days
if cannot be collected then got to meet payables
Receivables are Iou from goods or services given or sold
there is a time limit to receive payments or later write off as bad debts
payables are goods or services received and payment must be made within given time
or else must borrow from banks to pay

Agreed,
but you won't be merely looking at receivable would you?
How abt short/long term debt, cash level, total debt ratio, client profile and other indicators you name it

calvintaneng

56,155 posts

Posted by calvintaneng > 2022-12-17 13:29 | Report Abuse

receivables got to do with the cash register in any business

it helps to pay bank loans
pay rental and overhead
pay salaries

if cannot be collected

then comes knocking
land lord evicting
workers leaving

company closing

calvintaneng

56,155 posts

Posted by calvintaneng > 2022-12-22 21:00 | Report Abuse

Cement was Rm16.50

Now cement up by more than 30% to Rm21.80 per bag

30% jump in price will cause profit to turn into losses as construction profit margin is slim

Sure going into cost over runs

calvintaneng

56,155 posts

Posted by calvintaneng > 2022-12-22 21:02 | Report Abuse

Better sell and get out before price crash below Rm1.00 or might end up like Serba if Rm530 million receivables (iou) turn into bad debts

calvintaneng

56,155 posts

Posted by calvintaneng > 2022-12-28 11:09 | Report Abuse

3iii likes to gaypoh and show off
Come here and check up on

Kgb receivables (iou)
and high debt

amateurJR

2,366 posts

Posted by amateurJR > 2023-01-11 10:06 | Report Abuse

Haha I thought calvintaneng wnet diving d? Suddenly return back

ZoeZoe

229 posts

Posted by ZoeZoe > 2023-01-12 16:50 | Report Abuse

the public was really laggard to this news! it was 2 days ago! KGB is going from strength to strength

mkmike

220 posts

Posted by mkmike > 2023-01-12 19:07 | Report Abuse

When Kenanga recommends to BUY, it's time to SELL. Vice versa.

gohkimhock

3,072 posts

Posted by gohkimhock > 2023-01-13 23:17 | Report Abuse

I recommend buy-outperform. Go for the mother share, not the warrant.

gohkimhock

3,072 posts

Posted by gohkimhock > 2023-01-21 00:41 | Report Abuse

waiting to break the resistance RM1.60..

ZoeZoe

229 posts

Posted by ZoeZoe > 2023-02-09 14:45 | Report Abuse

KGB Break out! GO GO GO !

Harry

1,330 posts

Posted by Harry > 2023-02-20 09:08 | Report Abuse

calvintard hahaha, hows ur netx ? hahaha

ZoeZoe

229 posts

Posted by ZoeZoe > 2023-02-27 20:47 | Report Abuse

Excellent QR with 1.5 sen dividend! Record historic revenue! WELL DONE!!

SEE_Research

4,653 posts

Posted by SEE_Research > 2023-02-28 12:20 |

Post removed.Why?

SEE_Research

4,653 posts

Posted by SEE_Research > 2023-02-28 12:23 |

Post removed.Why?

SEE_Research

4,653 posts

Posted by SEE_Research > 2023-02-28 12:26 |

Post removed.Why?

Harry

1,330 posts

Posted by Harry > 2023-03-02 11:53 | Report Abuse

ZoeZoe Excellent QR with 1.5 sen dividend! Record historic revenue! WELL DONE!!
------------------
x date deduct 2 cent lol

hoplanner

405 posts

Posted by hoplanner > 2023-03-23 16:34 | Report Abuse

what's up?

Posted by GushikenNaoshi65 > 2023-04-27 21:14 | Report Abuse

the counter is kind of dead

speakup

26,524 posts

Posted by speakup > 2023-04-27 21:21 | Report Abuse

dead? already goreng kaw kaw from 40sen till 1.48 today. Up almost 300% already! This u call a dead counter????

Posted by Tan Hock Siew > 2023-05-22 15:04 | Report Abuse

It can be seen from the current price that many investors actually do not know what this KGB product is used for and how important it is to those OSAT companies, especially for testing high-end chip equipment. The current price is super cheap.

ZoeZoe

229 posts

Posted by ZoeZoe > 2023-05-23 16:10 | Report Abuse

I think foreign investors has exited the market! The QR was amazing, with additional business!

stainlyho37

2,270 posts

Posted by stainlyho37 > 2023-07-14 11:49 | Report Abuse

tech. stock back on run..... watching at this KGB...!!

hoplanner

405 posts

Posted by hoplanner > 2023-07-15 21:58 | Report Abuse

Go go go

Posted by daretocutandchange > 2023-07-15 23:03 | Report Abuse

macd golden cross

ZoeZoe

229 posts

Posted by ZoeZoe > 2023-08-17 11:20 | Report Abuse

Any news on KGB>>QR not released yet!

donald770

255 posts

Posted by donald770 > 2023-08-18 18:26 | Report Abuse

Qr excellent!!!

jojo85

446 posts

Posted by jojo85 > 2023-08-18 23:57 | Report Abuse

Wow, super good qr..all positive started from 'profit' till the growth prospect..all in

hoplanner

405 posts

Posted by hoplanner > 2023-08-24 16:52 | Report Abuse

Qtr excellent but price not flying

Posted by supertrader1 > 2023-08-26 17:17 | Report Abuse

Good qtr, good valuation but why no investor interested in this counter?

Posted by daretocutandchange > 2023-08-26 20:37 | Report Abuse

l am the one support you,but only bought kgb-wb.

ZoeZoe

229 posts

Posted by ZoeZoe > 2023-09-26 15:42 | Report Abuse

woow GOLDEN CROSS is in the horizon! GO go go!
any news>

Augustine

171 posts

Posted by Augustine > 2023-10-25 09:23 | Report Abuse

Got big projects, good QR performance but share price keeps stagnant at Rm1.50 there 😅

charlie chia

2,151 posts

Posted by charlie chia > 2023-10-25 10:13 | Report Abuse

This counter is meant for long term investment, need to hold till next year

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