KELINGTON GROUP BERHAD

KLSE (MYR): KGB (0151)

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Last Price

3.02

Today's Change

-0.02 (0.66%)

Day's Change

2.95 - 3.04

Trading Volume

3,486,100


18 people like this.

6,135 comment(s). Last comment by SEE_Research 1 day ago

Ravi1969

267 posts

Posted by Ravi1969 > 2024-01-01 20:50 | Report Abuse

cgtan2020 we don't get many growth stocks these days and I intend to hold on to the WB that I have accumulated

cgtan2020

666 posts

Posted by cgtan2020 > 2024-01-02 06:14 | Report Abuse

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

ChloeTai

1,107 posts

Posted by ChloeTai > 2024-01-02 06:55 | Report Abuse

Happy New Year 2024 to all KGB investors.

ChloeTai

1,107 posts

Posted by ChloeTai > 2024-01-02 06:56 | Report Abuse

Today is the first trading day of 2024.

ChloeTai

1,107 posts

Posted by ChloeTai > 2024-01-02 06:58 | Report Abuse

@cgtan2020,
Dear cgtan2020, I need a quick advise before market opens. Is it that KGB will fall first (due to the high net short), then it will reboud to new high.

ChloeTai

1,107 posts

Posted by ChloeTai > 2024-01-02 07:01 | Report Abuse

@cgtan2020, should I sell first then only buy back at a lower price? My average is RM0.79. Now RM0.81.

ChloeTai

1,107 posts

Posted by ChloeTai > 2024-01-02 07:26 | Report Abuse

@Ravi1969: Good to have an investor same like me regarding KGB-WB. Mr Ooi Teik Bee is holding both KGB and KGB-WB. He mentioned that he will include KGB-WB in the I3investor portfolio competition.

cgtan2020

666 posts

Posted by cgtan2020 > 2024-01-02 09:25 | Report Abuse

@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.

OTB

11,125 posts

Posted by OTB > 2024-01-02 10:19 | Report Abuse

Dear ChloeTai,
Look at all your postings, I believe your stock selection skill is very good.
You only need perseverance and determination to win in KLSE.
You have 50k of KGB-WB now, you can have 30k to keep as a longer term investment.
You can use 20k of KGB-WB to trade.
If you think the share price of KGB-WB is too high now, sell them (20k) and buy back later.
Look at the technical chart, the strong support is at 0.71, buy back at 0.715. You can key in this order as "Good till done or GTD".
If the share price of KGB-WB goes up further and cross 0.855, you need to buy back (20k) at 0.86 even at a loss.
This is one of the method to trade.
Please think about it.
Thank you.

Ravi Kumar

3,510 posts

Posted by Ravi Kumar > 2024-01-02 10:34 | Report Abuse

FLY BABY FLY

Ravi Kumar

3,510 posts

Posted by Ravi Kumar > 2024-01-02 10:37 | Report Abuse

I have been a long time subscriber of Mr Ooi. I have only a few picks of his recommendation ie YTL, YTLPower and KGB-WB. No regrets buying at low levels last year on his recommendation. This year is to accumulate more KGB-WB

ChloeTai

@Ravi1969: Good to have an investor same like me regarding KGB-WB. Mr Ooi Teik Bee is holding both KGB and KGB-WB. He mentioned that he will include KGB-WB in the I3investor portfolio competition.

3 hours ago

cgtan2020

666 posts

Posted by cgtan2020 > 2024-01-02 10:39 | Report Abuse

Look like moving pass 2.20.....

ChloeTai

1,107 posts

Posted by ChloeTai > 2024-01-02 10:42 | Report Abuse

Instead of moving down due to high net short, it goes up. Feel relieve.

cgtan2020

666 posts

Posted by cgtan2020 > 2024-01-02 10:49 | Report Abuse

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

OTB

11,125 posts

Posted by OTB > 2024-01-02 10:52 | Report Abuse

Posted by cgtan2020 > 25 seconds ago | Report Abuse
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
-----------------
Dear cgtan2020,
Please show me the link to look at all short sell lists.
I want to learn from you.
Thank you.

sybtu123

10 posts

Posted by sybtu123 > 2024-01-02 10:58 | Report Abuse

From : SEE _Research

To : All

as issued on
1.00 pm. , 1 January 2024 / Monday

REVIEW FOR 2023
GREAT OUTSTANDING STOCK

K G B
WARRANT WB

1. It is very difficult to unearth for a fundamental stock that can perform extreme well in the last year of 2023

Example

The great fundamental stocks are
( i ) Y T L Power / 6742
52 WEEKS
LOW RM 0.71 / HIGH RM 2.59
CLOSED 29 DECEMBER 2023 =
RM 2.54 /
GREAT CLOSING NEAR THE 52 WEEKS HIGH / RM 2.59

( ii ) Y T L/ 4677
52 weeks
low RM __ 0.545 / high RM 1.96
Closed 29 December 2023 / RM 1.89 / Good performer as it closed near
52 weeks high

SEE_ Research does not have
YTL POWER & Y T L FOR CLIENTS OR OWN SELF.

=============================
=============================

( iii ) KGB/ 0151 / 0151
52 weeks low RM 1.31/ high RM 2.20

Closed 29 December 2023 / RM 2.17
Great stock & great performer as it closed away just 3 bits
from the 52 weeks high / RM 2.20


( iv ) Warrant WB

OUTSTANDING PERFORMER AS OUTSTANDING STOCK

52 weeks low RM 0.355
52 weeks high RM 0.81

Closed 29 December 2023 / RM 0.81 at the peak of 52 weeks /
Can you believe it or not ?

SEE_ Research only has WB ONLY
AND
NO MOTHER SHARE __

NO OTHER STOCKS __
ONLY ALL IN WB ONLY


LIKE THE EVERGREEN SONG __
*** ONLY YOU ***

=============================
=============================
https://youtu.be/5p2k55F-uag?si=1VrS0qnxLOcdDHCd
=============================
=============================

Answer :
BY 31 MARCH 2024 ; MANY CLIENTS CAN SHOUT quietly

WITH SMALL SMILE AS WE

WHISPERED TO
MR DOMINIC ONG IN OUR MEETING / 29 JULY 2023

IN SIERRA FRESCO , SIERRA 16 , PUCHONG .


My personal message to Mr Dom Ong
6 July 2023 / 10 .33 am. ,
KGB / 0151 / mother

52 weeks
low RM 1.06
high RM 1.65

1. Well support at RM 1.37

2. Next strong support at RM 1.35

3. Next resistance at RM 1.54 /
16 June 2023

19 June 2023

30 June 2023

4. When it pierces thru RM 1.54 __ this will be 5 th attempt to RM 1.65

9 February 2023 / RM 1.65
13 February 2023 / RM 1.65
14 February 2023 / RM 1.65
17 February 2023 / RM 1.65

For estimated financial gain by 50 %

Previous Target Price

KGB / 0151 by

16 June 2023 report
( i ) Kenanga Investment Bank
RM 1.92


28 April 2023
( ii ) Malacca Securities
RM 1.85

==============================================================

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 11:28 |

Post removed.Why?

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 11:29 | Report Abuse

note: I don't have Ytl

but just for kind word of warning

better go buy Ytl rather than pumped up Kgb

OTB

11,125 posts

Posted by OTB > 2024-01-02 11:39 | Report Abuse

Dear cgtan2020,

Thank you and good luck to you.

cgtan2020

666 posts

Posted by cgtan2020 > 2024-01-02 11:40 | Report Abuse

@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==

cgtan2020

666 posts

Posted by cgtan2020 > 2024-01-02 11:44 | Report Abuse

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

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 12:06 | Report Abuse

TTB on kgb?

Not always correct

He failed in Parkson and others

After 10 years his icapbiz fund performed poorly

gohkimhock

2,972 posts

Posted by gohkimhock > 2024-01-02 12:06 | Report Abuse

@calvintaneng, one of your weakness is stubbornness. Luckily, the earth is still in round shape in your mind.

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 12:11 | Report Abuse

Firm in conviction

Warned all in Sumatech(sudaTrap), Ifca, Utusan, london biscuit, Mmag, bsl corp, gpacket, notion, pdz, serba and many others

All opposed like mad
In the end all stayed in penthouses

OTB

11,125 posts

Posted by OTB > 2024-01-02 12:36 | Report Abuse

Q3 2023 results of KGB
EBIT = 123,667
EBIT margin = 7.9%
Interest coverage = 11.6
Current ratio = 1.30
Quick ratio = 1.24
Borrowings = 218,409
Cash & Securities = 220,855
Net debt = -2,446
EV = 1,103,499
EV/EBIT = 8.92
Earning yield = 11.21%
ROE = 28.27%
ROIC = 41.41%
CFFO = 163,025
Price to CFFO = 6.75
Cash Yield = 12.70%

I did go through the Q3 2023 report in great detail, I believe the FA of KGB is very good.
Kenanga recommended the target price of KGB = 3.28 in 2024.

I do not simply listen to anyone, I did my analysis to cover all corners before I invest.
I hope KGB is a good fundamental stock to invest based on my analysis.
Thank you.

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 12:58 | Report Abuse

Borrowings
Rm218 mil

Cash Rm220 mil

There is no real cash after 6 qtrs

Last time in Jaks there also show high Receivables but no cash

Once payables overtake cash (receivables not collectible) then there will come a time for cash call to ask for monies

Show paper profits later ask for help

Need to watch carefully

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 13:07 | Report Abuse

Like this

If a person wants to cross a river make very sure it is safe to do so

A clear river with visibility is safe

A murky river?

Anyone crossing is taking a big risk as unseen crocodiles 🐊 might be lurking

So please be very very careful

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 13:33 | Report Abuse

Ytl ok not ytl power

now accounts books can be cooked

as for cash or real cash in the banks are real

real cash is what we want

OTB

11,125 posts

Posted by OTB > 2024-01-02 13:35 | Report Abuse

YTLPower
Borrowings = 30,268,066
Cash & Securities = 8,242,948
Net debt = 22,025,118

KGB
Borrowings = 218,409
Cash & Securities = 220,855
Net debt = -2,446
To me, KGB is a net cash company.
Even YTLPower is not a net cash company.

CFFO = 163,025
Free cash flow = 139,720
The aforesaid figures are good enough for me to know that there is a free cash flow in this company.

Not many companies listed in KLSE have such good figures.

I will stop here.
I do not want to waste my time to argue.
Winning an argument without facts and figures will not improve my cash amount in my bank account.
Thank you.

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 13:40 | Report Abuse

If one goes look at Serba accounts they also think Serba very good

Top funds and even Epf bought CHUNKS OF SERBA

In the end Serba was found to do book cooking

Then Serba got caught and fined peanuts

All the shareholders lost everything without recourse

So better be very careful

Your hard earned monies is yours

Losing or winning all must be aware

cgtan2020

666 posts

Posted by cgtan2020 > 2024-01-02 13:42 | Report Abuse

@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.

sybtu123

10 posts

Posted by sybtu123 > 2024-01-02 13:45 | Report Abuse

I dont think there is any problem with KGB liquidity. cash & bank 220 mil vs long term borrowing 56 mil. a/c receivable and contract assets 542 mil vs. a/c payables & contract liab. is 443 mil. Retained earning 202 mil

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 13:47 | Report Abuse

Hahaha

In ifca people also bought at 7 sen and many others later bought alot more at Rm1.50

NancyTang bought 300,000 shares of Ifca at Rm1.50

Many also made alot on the way up and follow Research house said Ifca will go to Rm2.20 rosy forecast

At Rm1.80 Ifca turned turtles and went 3 times limit down below 50 sen 👇

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 13:51 | Report Abuse

Contract assets must translate to real cash profit and not parked under Receivables

Payables are real. When time is up Creditors will chase for payment

Since cash and debt equals out the only way to pay is to get Receivables paid

If not then how?

gohkimhock

2,972 posts

Posted by gohkimhock > 2024-01-02 14:29 | Report Abuse

@calvintaneng what you are implying here is every company must do cash sales. If you choose this way, you don't get to do business anywhere. Nobody will deal you. There will be no loans disbursed by the banks too.

cgtan2020

666 posts

Posted by cgtan2020 > 2024-01-02 14:55 | Report Abuse

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

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 16:05 | Report Abuse

Refer:

Receivables above Rm400 millions started in Mid 2022

Till now no extra cash collected?

After 1 year all should be written off as bad debt

Now already 1 and half years already Receivables still like the can kicked down the road?

Still Rm400 millions Receivables (iou) on the balance sheet?

What kind of accounting is this?

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 16:14 | Report Abuse

Jaks also got similar accounting but under different names

Its "profits" parked under Investment in Joint Venture
At first only Rm300 mil "profits" now grow to over Rm800 millions "profits"

All useless as it cannot cash out but stuck there. Real or fake "profits" no one knows
But syndicates have long goreng up Jaks and runaway

Just be very careful if any entity tells us glowing story but show "no real cash" in the balance sheet or in the bank

cgtan2020

666 posts

Posted by cgtan2020 > 2024-01-02 16:16 | Report Abuse

@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

53,635 posts

Posted by calvintaneng > 2024-01-02 16:30 | Report Abuse

not yet due?
same was done in Serba as well

why people so naive 🤔

Posted by wallstreetrookieNEW > 2024-01-02 16:32 | Report Abuse

time to take some profits off the table. the rally is about to cool.

gohkimhock

2,972 posts

Posted by gohkimhock > 2024-01-02 16:34 | Report Abuse

@calvintaneng same case as in banks. Look at their liabilities. Under the balance sheet just in case you dont know.

Go take a basic course in accounting la. Not that much expensive also. At least you know something. Now totally zero. People like cgtan2020 and me educate you also don't understand..

YEAR ENDED 31 DECEMBER 2022 2021 2020 2019 2018
OPERATING RESULTS (RM’Million)
Operating profit 9,203 8,579 7,403 7,283 7,270
Profit before tax expense and zakat 8,831 7,367 6,285 7,134 7,101
Net profit attributable to equity holders of the Bank 6,119 5,657 4,872 5,512 5,591
KEY BALANCE SHEET DATA (RM’Million)
Total assets 493,263 462,739 451,257 432,831 419,693
Gross loans, advances and financing 376,892 358,027 345,651 330,468 317,302
Total liabilities 441,737 413,314 402,830 388,084 377,597
Deposits from customers 394,719 380,394 365,871 353,340 339,160
Core customer deposits 335,570 325,770 310,144 294,646 283,846
Share capital 9,418 9,418 9,418 9,418 9,418
Shareholders’ equity 50,179 48,163 47,248 43,594 40,973
Commitments and contingencies 104,722 102,643 106,934 94,315 96,368

gohkimhock

2,972 posts

Posted by gohkimhock > 2024-01-02 16:37 | Report Abuse

the above is an example extracted from Public Bank results. How their liabilities grow.. So as their assets. Share capital account remains.

calvintaneng

53,635 posts

Posted by calvintaneng > 2024-01-02 16:46 | Report Abuse

Public Bank?

their loans are backed by Solid Collateral in real assets like real estates or proven income with payslips of monthly cash salary esp from Johoreans earning in Sing dollar

as for Kgb ?

it is backed by Receivables of 18 months rolled over

cgtan2020

666 posts

Posted by cgtan2020 > 2024-01-02 16:47 | Report Abuse

@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.

gohkimhock

2,972 posts

Posted by gohkimhock > 2024-01-02 16:54 | Report Abuse

Pls dont tell me he is better than KGB auditors. This is not April's Fool day yet..

gohkimhock

2,972 posts

Posted by gohkimhock > 2024-01-02 16:56 | Report Abuse

when we talked about Public Bank's liabilities, it is not about the loans. It is about the deposits from the customers. OMFG this calvintaneng..

xiaoeh

2,356 posts

Posted by xiaoeh > 2024-01-02 17:00 | Report Abuse

Posted by xiaoeh > 1 second ago | Report Abuse

Calvin just reminds us the numbers kind of similar with Serbak bro
claw back to 2018-2019 FA and contracts received then you will know
btw, also read Serbak forum back in 2019-2010 u will see how similar people replied then and now
may or may not be the same
time will tells

Just be alert

Ravi1969

267 posts

Posted by Ravi1969 > 2024-01-02 17:10 | Report Abuse

sorry la Calvin you know nothing AR looks like. Plz stop making yourself look like an .......

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