I want to see the FBMKLCI index up today on the first day of trading after CNY. This phenomenon will confirm my belief that 2024 is a bull market in KLSE. The higher the FBMKLCI index rises, the better will be our KLSE performance. Good luck and pray hard. Thank you.
For sure it will (break new high). I think KGB will release its 4th quarter earnings on the last trading day of February. It is expected to be better than the 3rd quarter results.
but 23.48million sound good enough though. maybe can expect more profit in Q1 2024 results releasing in May where the new plant has just been operating in early 2024. "Plant 2, with capacity of 70k tonnes/year or 1.4x of Plant 1", that 140% is a lot. Still got long way to wait to see a greater results in May.
By HLebroking on 19Feb: UHP segment to perform strongly, supported by the anticipated rebound in
semiconductor sales (with the WSTS forecasting a 13% increase for 2024) and the China
+1 strategy benefiting Southeast Asian (SEA) players like Malaysia and Singapore. With
an order book of RM1.5bn as of November 23, KGB is poised to report strong earnings
for FY24-25, with additional opportunities for order replenishment in the future, supported
by a high tender book of RM2.17bn. Management sees plenty of job opportunities in
Singapore, Malaysia, and China markets. This optimism is bolstered by the ongoing
expansion pipeline in global semiconductor players such as GlobalFoundries, SMIC, and
Infineon, announced in 2023, despite the down cycle in semiconductor sales. This
expansion is mainly driven by the China +1 strategy and the prolonged US-China trade
war, which has prompted China to invest in its semiconductor capabilities. These events
have opened up more UHP contract opportunities, as these gases are crucial for
semiconductor fabrication processes such as photolithography and etching.
Second LCO2 plant to come online. To recap, KGB has committed to invest RM45m
in setting up its second LCO2 plant (P2) in Kerteh, Terengganu, following the success of
its first LCO2 plant which began operations in 2019 and achieved an 80% utilization rate
in 1H22. With P2 currently in the final stage of testing and expected to come online soon,
the addition of 70k tonnes per year (bringing total capacity to 120k tonnes per year) will
boost the group’s FY24 earnings. With P1 currently operating at full capacity, P2 will
alleviate this bottleneck, enabling the group to capitalize on the increasing demand for
LCO2 in the Asia and Oceania region, given the worsening shortage of LCO2 following
the closure of petrochemical plants globally. Additionally, it's worth noting that the
industrial gas business offers stable recurring income with a superior margin (industrial
gas GPM: 30% vs UHP: 15%).
New wave on the making. KGB is poised to establish a higher high formation, reinforced
by bullish indicators. A successful breakout above RM2.40 will spur the price toward
RM2.50-2.57-2.68. Cut lost at RM2.09
Today (19.02.2024 Monday) not happy. It is red. Q4 results must be > RM31,668 million. If not, it could drop more. Hope for miracle today. Can the red turn to green? Hopefully.
Posted by ChloeTai > 10 minutes ago | Report Abuse Today (19.02.2024 Monday) not happy. It is red. Q4 results must be > RM31,668 million. If not, it could drop more. Hope for miracle today. Can the red turn to green? Hopefully. ------------------ The technical chart is very bullish. Even the PAT in Q4 2023 is lower than 31,668, I still believe the share price will not drop more. I believe KGB will make > 100 million in FY 2024. Thank you.
i agree with otb, as long as PAT around 100 million in fy2023, it is good enough. because it is a growth stocks. to me 23.48million is within expectation and in fact is 30% of growth compare to Q4 2023 17.8million, making kenanga tp reasonable enough. but of course we wishing for more, the more the better. we dont rule out it may be double growth since this stocks always post double growth compare to previous year. fast growing company
19.02.2024 Monday: Close in white (unchanged) also considered OK. Hopefully, the operator of KGB will let this counter a chance of breaking ATH (RM2.37).
My remisier (CGS CIMB) this morning whatsapped all her clients the following: Kellington Group Berhad (KGB) Technical buy: at RM2.32. Targets: RM2.46, RM2.52, RM2.61 Stop loss: RM2.20
If like this, it could break the ATH (all time high) of RM2.37 already. Just 5 sen away.
I am very impressed with the growth of higher margin UHP gas systems and in time LCO2 plant 2 expansion. KGB guided for its boosted margins to sustain in the coming quarters given the delivery of high-margin ultra-high purity (UHP) gas systems. Its LCO2 plant 2 is coming online by the end of FY 2023, just in time to capitalise on the current LCO2 shortages in the market. The semiconductor industry will grow 12% in 2024 and 24% in 2025 respectively. KGB will benefit a lot from these high growth periods to increase the earnings of KGB.
Q4 2023, PAT > 25 million is good enough. I expect higher PAT in all quarter results of FY 2024. I believe total earnings for FY 2024 will be around 120 million. Thank you.
I believe the PAT will increase from 100 million in FY 2023 to 120 million in FY 2024. There is a growth of 20% in PAT for FY 2024.
PAT will increase to 120 million for FY 2024 due to the following reasons :-
1.) The current outstanding order book = 1.5 billion. 2.) Higher margin of Ultra-high purity (UHP) gas system makes up 68% of its current outstanding order book of 1.5 billion compared against 59% as reported in Q3 2023. There is an increase of 9% margin in FY 2024. 3.) Its LCO2 Plant 2 with a capacity of 70k tonnes/year or 1.4x of Plant 1, has been completed and commissioned in FY 2024. 4.) The semiconductor industry will grow 12% in 2024 and 24% in 2025 respectively. KGB will benefit a lot from these high growth periods to increase the earnings of KGB.
Let us wait and see is it possible to increase the PAT from 100 to 120 million in FY 2024 ? Thank you.
There is 1 call warrant CD going to expired on 26-Feb'24, I believe banker will sustains share price at this level to minimize payout. Better collect KGB after the financial report announcement, be patient.
ChloeTai must be very happy today because the share price of KGB breaks 2.37 (ATH). ChloeTai is a very good investor here. She is capable of picking good fundamental stock. Keep up the good work.
wow, today like this! i like growth stocks! yes fast fast grow and become gigantic! lets see how u do in FY2024! u will do better this year! as u have the right things in every aspects and 2024 is a good year for u!
recently saw some gurus start posting on semiconductor industry, citing they are undervalue and recovery is coming in. indeed they are laggard and behind compared to international market where they already ridding on AI trend. plus Malaysia should have beneficial factors on weak USD/RM. maybe 2024 is a year for semiconductor industry for malaysia. space for growth for malaysia!
@ChloeTai I also hope the earnings the higher the better. For myself, I will give it time to expand and grow for now and I am looking at longer term like FY24 especially and maybe FY25. Plus I think they might give handsome dividend in future. Because many funds in this share. Top 30 all funds. They are strong holder. Especially dividend growth stocks. Which is rare
Sunway Construction posted a record high 4th quarter results which are better YoY and QoQ. I have only 1,000 shares of SUNCON. But I really hope KGB can perform as well especially the QoQ which many are doubtful that KGB can do it.
Foreign funds are net buying stocks listed in KLSE everyday since February month. I hope a bull market is coming to KLSE. We have not seen a bull market in KLSE since 1993/4. I hope it is a real one. The share prices of KGB and KGB-WB breaks new high, it is a very good news here.
The promoter of plantation stocks attacked KGB with a faked news. I hope the share price of KGB will hit 3.28 as recommended by Kenanga IB. Good luck to all investors here in 2024. Thank you.
the more fake news or evil comments they make, the more we know their true evil face and mind. last time i still dont know who they are and how they do. now i know. dont believe at all what they say. whatever they post, i will just ignore, not even a glance.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
waorangsiam
199 posts
Posted by waorangsiam > 2024-02-11 13:39 | Report Abuse
agree with otb!