KELINGTON GROUP BERHAD

KLSE (MYR): KGB (0151)

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Last Price

2.49

Today's Change

-0.12 (4.60%)

Day's Change

2.47 - 2.61

Trading Volume

4,522,900


18 people like this.

6,074 comment(s). Last comment by waorangsiam 1 day ago

ChloeTai

1,058 posts

Posted by ChloeTai > 1 month ago | Report Abuse

Affin Hwang Investment Bank forcasts growth of 13.7%. Expected 1st quarter PAT FY2024 = (113.7 ÷ 100) × 35.7 mil = 40.6 mil.
Now RM2.59/RM2.60
Affin Hwang TP: RM3.25
RHB-OSK TP: RM3.03
Kenanga TP: RM3.40

Posted by waorangsiam > 1 month ago | Report Abuse

Ah lenglui @ChloeTai u kira salah liao...? FY2024 PAT 116.7M. Average per quarter is 29M.

Posted by waorangsiam > 1 month ago | Report Abuse

Wait lo.. this is not a short term stock.

Posted by waorangsiam > 1 month ago | Report Abuse

Nvdia 850 already

Posted by waorangsiam > 1 month ago | Report Abuse

Happy

ChloeTai

1,058 posts

Posted by ChloeTai > 1 month ago | Report Abuse

Recalculation: 102.7 × (113.7 ÷ 100) = RM116.7. Thus, 116.7 ÷ 4 = RM29.3. Why so low? I am expecting a strong first quarter in FY24. With this figure, it is even lower than the 4th quarter of FY23. I still prefer my original calculation.

OTB

11,019 posts

Posted by OTB > 1 month ago | Report Abuse

Posted by cgtan2020 > 4 days ago | Report Abuse

@gohkimhock Business in China is not so easy, Q4FY2023 there is a impairment of RM11M for China operation, without this impairment profit will be at RM46Million. I would prefer selling more LCO2 to SG and other country.
-------------------------
I agreed with the above statement.
Wait to see the PAT in Q1 2024, then we should know the projected EPS for 2024.
To me, PAT in any quarter of 2024 should > 30 million.
Thank you.

ChloeTai

1,058 posts

Posted by ChloeTai > 1 month ago | Report Abuse

6 March 2024
Now RM2.53/RM2.54
Affin Hwang TP: RM3.25
RHB-OSK TP: RM3.03
Kenanga TP: RM3.40

ChloeTai

1,058 posts

Posted by ChloeTai > 1 month ago | Report Abuse

Why today drop so much (6 sen)? Genting also can rebound strongly. Any more hope for KGB?

ChloeTai

1,058 posts

Posted by ChloeTai > 1 month ago | Report Abuse

https://www.bursamalaysia.com/bm/market_information/market_statistic/securities
Just found out KGB got IDSS and RSS.

OTB

11,019 posts

Posted by OTB > 1 month ago | Report Abuse

No worries.
Any big drop like today is an opportunity to buy cheap shares.
I believe the EPS will be very strong in 2024.
Good luck.
Thank you.

serbatipu

298 posts

Posted by serbatipu > 1 month ago | Report Abuse

Today Small drop only, more drop to come

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

@serbatipu you're hoping it drops more so you can buy isit? Missed the boat first time around??

mf

27,851 posts

Posted by mf > 1 month ago | Report Abuse

BREAKING
Dow falls 500 points, Nasdaq drops 2% as Apple leads tech lower

ChloeTai

1,058 posts

Posted by ChloeTai > 1 month ago | Report Abuse

With today's closing price of RM2.53, I am now having paper loss already. Why KGB only goes up in the month of results? But never mind, I can hold for the whole of FY2024.

xiaoeh

2,085 posts

Posted by xiaoeh > 1 month ago | Report Abuse

but your WB still profit ma ChloeTai

Posted by HuatRex1314 > 1 month ago | Report Abuse

ChloeTai, if you so concern on daily movement with up and down emotion, i suggest you to avoid stock investment. Tq

syuraizat

46 posts

Posted by syuraizat > 1 month ago | Report Abuse

When Mr Soo keeps on acquired, give signal very bright future ahead 😅

Posted by Najib Zamry > 1 month ago | Report Abuse

Chloe please maintain margin of safety when you invest in stocks. Never ever chase high.

Posted by supertrader1 > 1 month ago | Report Abuse

price keep dropping could it because of exercise of warrants?

Volz4321

54 posts

Posted by Volz4321 > 1 month ago | Report Abuse

Gonna be one of the best stocks of 2024 😁

hsong

167 posts

Posted by hsong > 1 month ago | Report Abuse

Mutual growth funds are big shareholders in this counter. They know business will grow n so will be the price

Income

10,300 posts

Posted by Income > 1 month ago | Report Abuse

Make money in one hour by these methods:
*Churn bank account bonuses

*Focus groups of MLM

*Offer virtual assistance

*Tutoring

*Play Games

*Rent your car

*Quick house cleaning

Thealanor

43 posts

Posted by Thealanor > 1 month ago | Report Abuse

wah play games can earn money? share your secret

Cakes Moon

6,799 posts

Posted by Cakes Moon > 1 month ago | Report Abuse

Kgb got new contract from Petronas?

Goldberg

2,612 posts

Posted by Goldberg > 1 month ago | Report Abuse

Affin Hwang TP: RM3.25
RHB-OSK TP: RM3.03
Kenanga TP: RM3.40

Ravi Kumar

3,474 posts

Posted by Ravi Kumar > 1 month ago | Report Abuse

TING TING TING

gohkimhock

2,941 posts

Posted by gohkimhock > 1 month ago | Report Abuse

KGB - counter of the year for 2024. No doubt.

klee

2,931 posts

Posted by klee > 1 month ago | Report Abuse

Broken out 2.64 on petronas news

Goldberg

2,612 posts

Posted by Goldberg > 1 month ago | Report Abuse

Kelington: Signs addendum with PETRONAS to accommodate increased demand for CO2 plant.

Kelington Group has entered into an addendum to the agreement for the sale and purchase of carbon dioxide dated Nov 17, 2017 with PETRONAS Energy & Gas Trading SB.

In a filing with Bursa Malaysia, the original capacity of the first carbon dioxide (CO2) recovery plant (P1) in Kemaman, Terengganu, is 50,000 metric tons per year. (StarBiz)

gohkimhock

2,941 posts

Posted by gohkimhock > 1 month ago | Report Abuse

they are buying CO2 from Petronas to accommodate for its future expansion plans. It is essential to get an uninterrupted supply for the long term. Good vision from the management.

Ravi Kumar

3,474 posts

Posted by Ravi Kumar > 1 month ago | Report Abuse

Aiyyoooooo calvin is proven wrong again yet again

klee

2,931 posts

Posted by klee > 1 month ago | Report Abuse

rocket launched

mf

27,851 posts

Posted by mf > 1 month ago | Report Abuse

take profit

OTB

11,019 posts

Posted by OTB > 1 month ago | Report Abuse

Posted by gohkimhock > 1 hour ago | Report Abuse
KGB - counter of the year for 2024. No doubt.
----------------------
It is so difficult to make money now.
Hope all readers here will make a lot of money.
Good luck.
Thank you.

bohliau10

28 posts

Posted by bohliau10 > 1 month ago | Report Abuse

A

bohliau10

28 posts

Posted by bohliau10 > 1 month ago | Report Abuse

To : All

From : SEE _Research
Issued at 1.30pm. , 16 March 2024 / Saturday

Re issued at 8.40 am., 17 March 2024 / Sunday


K G B WB

A. Latest update

on its uptrending mode in the current situation with its unique well positioned in its technical behaviour ___
From 5 March 2024 / Tuesday to another
17 trading days __ 5 April 2024 / Friday onwards
The projected price is near to
RM 1.36 level.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

HIGHLIGHTS

AS AT NOW ___
8.30AM. , 17 MARCH 2024 _____
FROM THE PRICE MOVEMENTS IN WHICH IT IS CREATING NEW HIGH ON

All time high as per current price of
5.00 pm., 15 March 2024
( i ) the mother share of RM 2.66
( ii ) WB of RM 1.21

A. ON THE COMING DIVIDEND
Date announced on
28 February 2024 for
Dividend __ RM 0.025 to be ex date =
21 March 2024

B. IMPENDING NEW CONTRACT AWARD

SUBSTANTIAL CONTRACT AROUND
RM 150, 000 , 000.00

LIKELY _____
TO BE ANNOUNCED AFTER
22 MARCH 2024 __

IN MOVING UP ON THE SHARE PRICES OF MOTHER SHARE AND WB

AS WELL WITH CORRESPONDING HUGE VOLUME

bohliau10

28 posts

Posted by bohliau10 > 1 month ago | Report Abuse

Kelington Group OUTPERFORM ↔

Expanding to Hong Kong and Germany Price : RM2.55

Target Price : RM3.40 ↔

By Samuel Tan l samueltan@kenanga.com.my

KGB

is buoyed by overwhelming UHP orders, which now make up
c.74% of its order book (c.60% in FY23).
It is expanding to Hong Kong
and Germany backed by new demand. Pending the completion of its
second LCO2 plant,

it is acquiring a third one.

it is acquiring a third one.

it is acquiring a third one.

We maintain our
forecasts,

TP of RM3.40, and
OUTPERFORM call.

TP of RM3.40, and
OUTPERFORM call.


TP of RM3.40, and
OUTPERFORM call.

We came away from KGB’s post-4QFY23 briefing feeling upbeat about its
prospects.

The key takeaways from the meeting are as follow :

1. KGB is seeing early signs of tailwinds forming as demand for its ultra￾high purity (UHP) gas solution has jumped to c.74% of its order book
(vs. 60% in FY23).

This upturn aligns with the consensus expectation of
a semiconductor demand recovery in 2024.

As a primary beneficiary,
KGB is experiencing an uptick in job tender invitations from wafer fabs
across China, Malaysia, and Singapore, where it maintains a dominant
presence.
Furthermore, responding to requests from existing MNC
customers, the group is actively bidding for projects in new regions, such
as Hong Kong and Germany.

To facilitate this expansion, the group has
established a Hong Kong subsidiary and is set to finalise the
incorporation of its Germany subsidiary soon.


To facilitate this expansion, the group has
established a Hong Kong subsidiary and is set to finalise the
incorporation of its Germany subsidiary soon.

Leveraging its status as a
qualified vendor with a proven track record, the group remains optimistic
about its prospects as it ventures into new markets.

2. Its LCO2 (liquid CO2) Plant 2, with capacity of 70k tonnes/year or 1.4x of
Plant 1, has been completed and is undergoing testing and
commissioning.
The group aims to begin exporting from Plant 2 by mid￾March which will alleviate the bottleneck at Plant 1 (running near 100%)
as demand continues to increase with a worsening shortage of LCO2 in
Asia and the Oceania region. Furthermore, recognising the escalating
demand in Indonesia, the group is in the early stages of discussions for
the potential acquisition of an LCO2 company in the country, promising
further expansion of its overall capacity.

3. The recent upswing in KGB's quarterly results merely hints at the vast
potential that is yet to unfold. Our conviction in KGB's prospects is well￾founded, supported by its impressive >RM1.9b tender book, in line with

SEMI's forecast of a 12% recovery in 2024, followed by a substantial
24% upcycle in 2025.


Be it a smooth or bumpy recovery for the
semiconductor sector, the group has RM1.3b outstanding orders in its
bag to navigate any obstacles that may come along, thereby fortifying its
readiness for the next wave. We are expecting another RM1b order
replenishment in FY24.

Forecasts. Maintained.

Valuations.
We also keep our TP of RM3.40 based on an unchanged 21x
FY24F PER. Our valuation represents a c.10% discount to peer’s forward
mean PER of 24x which includes global players such as Air Products, Air
Liquide and Linde. There is no adjustment to our TP based on ESG
given a 3-star rating as appraised by us (see Page 4).
Investment case. We like KGB for: (i) it being a direct proxy to the front-end
wafer fab expansion, (ii) its strong earnings visibility underpinned by robust
order book and tender book exceeding RM1b, and (iii) its strong foothold in
multiple markets, i.e. Malaysia, Singapore and China.
Maintain
OUTPERFORM.


Risks to our call include:
(i) delayed in wafer fab expansion plans,

(ii) worsening Sino-US chip war, and

(iii) delays in its LCO2 plant operation.

bohliau10

28 posts

Posted by bohliau10 > 1 month ago | Report Abuse

To : All

From : SEE_Research
Issued on 8.00am., 18 March 2024 / Monday

Who is the largest manufacturers of UHP Gas for
Semiconductor Market worldwide?

Taiyo Nippon Sanso
Hangyang
BOC
Air Products
Air Liquide
Messer Group
Linde Group
Yingde Gases
Huate Gas
Jinhong Group
================================================================

Kelington Group Berhad/ 0151

THE NEW BEGINNING

Meteoric Growth from non listed company into Ace Market as first day listed in Ace Market and matured in Main Market of KLSE and now / 2024 into a new diamond into international markets of Europe , Hong Kong and Indonesia .

A. The current 5 years _____
from 2024 till to 2030 ___ K G B has growth opportunities for growth worldwide and is taking the route to have their presence felt by expanding their overseas offices in
Hong Kong
Germany

And exploring to enter new markets in
Hong Kong , Europe , Indonesia users .



Sparrow Publishing House

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Kelington Group Bhd. ,

leading Ultra High Purity Gas provider in Malaysia
January 18, 2024


FYE 2022 REVENUE RM1.28 BILLION, PRE-TAX PROFIT RM74 MILLION
UKM (Universiti Kebangsaan Malaysia) would be proud of producing this engineer entrepreneur,

IR Raymond Gan Hung Heng (59)

who founded Kelington Group Berhad in 2000.

Gan is a professional engineer with the Board of Engineers Malaysia and has prior to setting up Kelington Group, worked with Malaysian Oxygen Berhad, Eastern Oxygen Berhad and M+W Zander Pte Ltd (Singapore).

He holds a Bachelor in
Chemical and Process Engineering degree from UKM.

Gan is beneficially interested in 21.06% of the shares of Kelington.

Gan is Chairman and
Chief Executive of the Kelington Group.

Kelington had a record year in FYE 31 December 2022 when its revenue exceeded RM1.2 billion (milestone) and it secured new contracts valued at RM1.85 billion. Pre-tax profit was RM74 million.

Kelington engineers solutions that ensure the safe handling of the delivery and distribution of ultra-high purity gases and chemicals all the way from source to equipment to waste disposal. (ie. wafer fabrication).

it also manufactures Liquid Carbon Dioxide (LCO2) and dry ice besides Trading in Specialty Gases. Its key markets are Singapore, China and Malaysia.

Kelington first set up offices in Shanghai in 2002 and Singapore in 2006.

The company was listed in 2009 on the ACE Market of Bursa Malaysia and transferred to the Main Board in 2012.

In 2016 Kelington started the new business of trading in industrial gases and manufacturing LCO2.

The Group's clients are mainly in the electronics and semiconductor industry. Due to the cyclical nature of these sectors, Gan says the Group actively pursues the expansion of its Process Engineering and Contracting division.

bohliau10

28 posts

Posted by bohliau10 > 1 month ago | Report Abuse

To : All

From : SEE_Research
Issued on 8.00am., 18 March 2024 / Monday

Who is the largest manufacturers of UHP Gas for
Semiconductor Market worldwide?

Taiyo Nippon Sanso
Hangyang
BOC
Air Products
Air Liquide
Messer Group
Linde Group
Yingde Gases
Huate Gas
Jinhong Group
================================================================

Kelington Group Berhad/ 0151

THE NEW BEGINNING

Meteoric Growth from non listed company into Ace Market as first day listed in Ace Market and matured in Main Market of KLSE and now / 2024 into a new diamond into international markets of Europe , Hong Kong and Indonesia .

A. The current 5 years _____
from 2024 till to 2030 ___ K G B has growth opportunities for growth worldwide and is taking the route to have their presence felt by expanding their overseas offices in
Hong Kong
Germany

And exploring to enter new markets in
Hong Kong , Europe , Indonesia users .



Sparrow Publishing House

Icon cart0
HOME BLOG
Asia 10
BizVideo 2
Entrepreneurs 23
ePublications 5
Family Business 47
Food 65
Funds & Tech 10
Healthcare 8
New Gen 20
People 13

Kelington Group Bhd. ,

leading Ultra High Purity Gas provider in Malaysia
January 18, 2024


FYE 2022 REVENUE RM1.28 BILLION, PRE-TAX PROFIT RM74 MILLION
UKM (Universiti Kebangsaan Malaysia) would be proud of producing this engineer entrepreneur,

IR Raymond Gan Hung Heng (59)

who founded Kelington Group Berhad in 2000.

Gan is a professional engineer with the Board of Engineers Malaysia and has prior to setting up Kelington Group, worked with Malaysian Oxygen Berhad, Eastern Oxygen Berhad and M+W Zander Pte Ltd (Singapore).

He holds a Bachelor in
Chemical and Process Engineering degree from UKM.

Gan is beneficially interested in 21.06% of the shares of Kelington.

Gan is Chairman and
Chief Executive of the Kelington Group.

Kelington had a record year in FYE 31 December 2022 when its revenue exceeded RM1.2 billion (milestone) and it secured new contracts valued at RM1.85 billion. Pre-tax profit was RM74 million.

Kelington engineers solutions that ensure the safe handling of the delivery and distribution of ultra-high purity gases and chemicals all the way from source to equipment to waste disposal. (ie. wafer fabrication).

it also manufactures Liquid Carbon Dioxide (LCO2) and dry ice besides Trading in Specialty Gases. Its key markets are Singapore, China and Malaysia.

Kelington first set up offices in Shanghai in 2002 and Singapore in 2006.

The company was listed in 2009 on the ACE Market of Bursa Malaysia and transferred to the Main Board in 2012.

In 2016 Kelington started the new business of trading in industrial gases and manufacturing LCO2.

The Group's clients are mainly in the electronics and semiconductor industry. Due to the cyclical nature of these sectors, Gan says the Group actively pursues the expansion of its Process Engineering and Contracting division.

Executive Director and Chief Operating Officer,
Ong Weng Leong (55)

who is also a substantial shareholder of Kelington, holds a Bachelor of Chemical Engineering degree from Universiti Teknologi Malaysia.

He also has a Master in Business Administration from the University of Bath, U.K. Ong has been with Kelington Group for more than 18 years.

He is also a fellow member of Malaysian Institute of Management and was elected as a General Council member of the Institution from 2015 – 2016. He began taking up managerial roles in 1996 while at MOX as the Production Manager after which he became the Operations Manager from 1998 to 2000.

He was promoted to
National Engineering Manager at MOX in 2000 and in 2004 was promoted to the National Sales Manager (Electronics) at MOX.

Then he joined Kelington Group.

Director, Cham Teck Kuang (66) a substantial shareholder, is ED of Kelington Engineering (S) Pte Ltd. He graduated with a B.Sc (Hons) Mechanical Engineering from University of Portsmouth, Britain. He started his career in building services and thereafter spent the next 22 years in the semiconductor field particularly in wafer fabs in a leading industrial gas manufacturer in Singapore.

He rose from the rank of a
Project Engineer, Project Manager, Senior Manager, Departmental Head, General Manager and the last position being the Director of Project Engineering and Services and Director of E&I, South and Southeast Asia.

He is instrumental for the completion of many of the wafer fab gas system projects in Singapore and the region.

He joined Kelington Engineering (S) Pte Ltd in 2012.

ACKNOWLEDGEMENTS
Kelington Group Berhad. 2022 Annual Report. https://kelington-group.com/wp-content/uploads/2023/04/Kelington-AR2022.pdf

Focus Malaysia. 15 July 2021. Cheah Chor Hooi.
https://focusmalaysia.my/leveraging-repeat-customers-the-awesome-kelington-groups-experience/

The Edge Malaysia. 14 March 2017. Kang Siew Li. https://theedgemalaysia.com/article/kelington-sees-better-prospects-ahead

syuraizat

46 posts

Posted by syuraizat > 1 month ago | Report Abuse

PMX in Germany, believe he will finalize more semi con investment and hope KGB will benefit from this

bohliau10

28 posts

Posted by bohliau10 > 1 month ago | Report Abuse

K G B / 0151

Most recent official announcement thru
KLSE EXCHANGE

The group reported on 28 February 2024 / Wednesday

the record-high revenue and net profit of

RM1.6bil and RM102.7millions respectively for the financial year ended Dec 31, 2023

Posted by waorangsiam > 1 month ago | Report Abuse

Group CEO Raymond Gan said chipmakers are aggressively expanding production capacity to meet a surging demand for chips, driven by factors like geopolitical diversification and the need for advanced technologies like artificial intelligence (AI), Internet of Things (IoT), electric vehicles and Industry 4.0.

“As these technologies advance, the demand for semiconductor manufacturing facilities remains strong.

"After a contraction in 2023 due to the cyclical nature of the industry, semiconductor manufacturing equipment growth is expected to resume in 2024, with sales expected to strongly rebound in 2025."

Posted by waorangsiam > 1 month ago | Report Abuse

this ceo said the industry was in contraction in 2023... deng... contraction u still can deliver good growth... u better perform surprisingly well in 2024... dont simply say say ya... believe u so long already...

troy88

2,550 posts

Posted by troy88 > 1 month ago | Report Abuse

As I said beginning of this year that KGB could be one of the star stocks of 2024. So far so good!

Goldberg

2,612 posts

Posted by Goldberg > 1 month ago | Report Abuse

Affin Hwang TP: RM3.25
RHB-OSK. TP: RM3.03
Kenanga TP.: RM3.40

Cakes Moon

6,799 posts

Posted by Cakes Moon > 1 month ago | Report Abuse

KGB hit new high!!!

VincentTang

1,079 posts

Posted by VincentTang > 1 month ago | Report Abuse

KGB Senior Vice President dispose KGB WB. Just announced yesterday.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3431298

bohliau10

28 posts

Posted by bohliau10 > 1 month ago | Report Abuse

K G B WB

The above pic shows on the technical chart and analysis in which at 4.06 pm. ,
19 March 2024 / Tuesday

One big buy order of 1932 lots at
RM 1.27 THAT IS EQUIVALENT TO
RM 2, 453 , 640 .00 in value

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