Posted by bobby159753 > 2017-03-28 06:54 | Report Abuse

Revenue 2 to 3 hundred million but only turn in profit 8 mil with lots of legal case.,so much risk to a company . Worth buying ?

Posted by bobby159753 > 2017-03-28 06:55 | Report Abuse

Slow is better ? So that the big fish can unload the share ?

Posted by agcnazriadam > 2017-03-28 06:57 | Report Abuse

Think twice before buy..

Posted by sng2015 > 2017-03-28 18:37 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5378201

Posted by bull8888 > 2017-03-28 19:26 | Report Abuse

tp 0.67
sooner or later

Posted by Nikmon > 2017-03-28 19:26 | Report Abuse

20 million over a period of 10 years!! mean 13k profit per quarter.......what a joke, this kind contract it is better dont announce to the public...

Posted by excelyou > 2017-03-28 19:44 | Report Abuse

Kelington to provide onsite supply of nitrogen gas to Hanwha Q Cells
By Syahirah Syed Jaafar / theedgemarkets.com | March 28, 2017 : 7:03 PM MYT

KUALA LUMPUR (March 28): Integrated engineering solutions provider, Kelington Group Bhd has received a contract from Hanwha Q Cells Malaysia Sdn Bhd for the onsite supply of nitrogen gas.

The contract was awarded to Ace Gases Marketing Sdn Bhd, a subsidiary of Kelington.

Hanwha Q Cells is one of the world’s largest manufacturers of solar cells and modules and uses nitrogen in its manufacturing process.

Under the contract, Kelington will set up an onsite generator to produce nitrogen gas at the Hanwha Q Cells’ manufacturing plant in Cyberjaya, Malaysia.

In return, Hanwha Q Cells will pay a fixed facility fee amounting to approximately RM20 million over a period of 10 years, the group said in a statement today.

Kelington’s chief executive officer Raymond Gan said this is the group’s first industrial gas supply contract and would add a stable and recurring income stream to the group.

“Under the group’s business model in growing this division, industrial gases can be supplied onsite via gas generators or via high-pressure gas cylinders. This business has attractive future prospects as it can be widely applied across manufacturers in the electronic, plantation, oil & gas and food & beverage sectors.”

Gan added that the new venture is synergistic with the group’s core business as they would be able to leverage on their strong client network of electronic manufacturers which has been built up over the last 16 years.

Kelington’s share closed up one sen or 1.85% higher at 55 sen, with a market capitalisation of RM123.36 million.

Posted by excelyou > 2017-03-28 19:45 | Report Abuse

How you derive RM13K per quarter?


Posted by

Nikmon
20 million over a period of 10 years!! mean 13k profit per quarter.......what a joke, this kind contract it is better dont announce to the public...
28/03/2017 19:26

Posted by excelyou > 2017-03-28 19:48 | Report Abuse

Imagine KGB able to secure 50 clients in future , assume same RM2.0 million per year X 50 = RM100 million per year.

Posted by Nikmon > 2017-03-28 20:09 | Report Abuse

profit margin rate in 2016.

Posted by excelyou > 2017-03-28 20:13 | Report Abuse

Photovoltaics manufacturing in Malaysia
In 2014, Malaysia was the world's third largest manufacturer of photovoltaics equipment, behind China and the European Union.[1]

In 2013, Malaysia's total production capacity for solar wafers, solar cells and solar panels totalled 4,042 MW.[2]

Background

Malaysia is a major hub for solar equipment manufacturing, with factories of companies like First Solar, Panasonic, TS Solartech, Jinko Solar, JA Solar, SunPower, Q-Cells,and SunEdison in locations like Kulim, Penang, Malacca, Cyberjaya, and Ipoh.[1][3]

Many international companies have the majority of production capacity located in Malaysia, such as the American company First Solar which has over 2000 MW of production capacity located in Kulim and only 280 MW located in Ohio,[4] and German-based Q-Cells which produces 1,100 MW worth of solar cells in Cyberjaya while producing only 200 MW worth of solar cells in Germany. SunPower's largest manufacturing facility with a capacity of 1400 MW is also located in Malacca.[1][5]


Last edited 25 days ago by Bender the Bot
Wikipedia

Posted by Nikmon > 2017-03-28 21:26 | Report Abuse

so tomorrow is goreng session???

Posted by Lee007 > 2017-03-28 23:46 | Report Abuse

Well. I am just a beginner here. Womderimg how do you guys come out with the tp.

Posted by Steve902 > 2017-03-29 01:49 | Report Abuse

Diversifying into new business area under its core skills. Well done.

Posted by Steve902 > 2017-03-29 01:51 | Report Abuse

Might see similar contracts in future, increasing business prospect.

Posted by pokoknangka > 2017-03-29 08:12 | Report Abuse

Nice..

Posted by GemSeekers > 2017-03-29 09:13 | Report Abuse

Reiterate TP 0.72 !!
More to go !!

Posted by excelyou > 2017-03-29 09:29 | Report Abuse

Malaysia was the world's 3rd largest manufacturer of solar cells and modules.
KGB will roll up the same contracts to other manufacturer after Q cell. Contracts value may increase due to increasing capacity by manufacturer.

In Malaysia, many international manufacturer like First Solar(US company), SunPower (US Nasdaq listed co), Panasonic, SunEdision (US NYSE listed co), Jinko Solar (US NYSE listed co), JA Solar(China, Nasdaq listed co), TS solar (Subsidiary if Teik Seng Holding Berhad), and many more.

Assume RM2 million per year contract and with 20 clients within first year, translate to RM40 million per year.

Posted by GemSeekers > 2017-03-29 09:29 | Report Abuse

We are looking back .

Posted by Nikmon > 2017-03-29 09:37 | Report Abuse

@GemSeekers, "We are not looking back" lah...lol

Posted by excelyou > 2017-03-29 09:43 | Report Abuse

KUALA LUMPUR (March 29): Kelington Group Bhd shares jumped 5.45% this morning after it received a contract from Hanwha Q Cells Malaysia Sdn Bhd for the onsite supply of nitrogen gas.

At 9.09am, Kelington rose 3 sen to 58 sen with 1.15 million shares traded.

The contract was awarded to its subsidiary, Ace Gases Marketing Sdn Bhd. Hanwha Q Cells is among the world’s largest manufacturers of solar cells and modules and uses nitrogen in its manufacturing process.

According to the contract, Kelington will set up an onsite generator to produce nitrogen gas at the Hanwha Q Cells’ manufacturing plant in Cyberjaya, Selangor.

In return, Hanwha Q Cells will pay a fixed facility fee amounting to approximately RM20 million over a period of 10 years.

Kelington’s chief executive officer Raymond Gan said this is the group’s first industrial gas supply contract and would add a stable and recurring income stream to the group.

MORE SIMILAR CONTRACTS SEEM COMING SOON

Posted by Nikmon > 2017-03-29 09:44 | Report Abuse

yesterday announcement is merely an achievement but it has yet impact the company profit significantly.

Posted by risenfall > 2017-03-29 11:32 | Report Abuse

this stock benefits from stronger or weaker myr?

Posted by Nikmon > 2017-03-29 13:09 | Report Abuse

Benefits from weaker myr

Posted by bobby159753 > 2017-03-29 17:13 | Report Abuse

What is 2 mil MR per year ?less than 0.7% of total revenue. And taking more risk. If the plant trip KE has to pay for the damage to the product. I think it is a wrong step. They will lose future business with all the gas companies . Bad bad bad move

Posted by bobby159753 > 2017-03-29 17:14 | Report Abuse

May be more legal case coming. Should dump the share while u still profit

Posted by jimmylee123 > 2017-03-29 19:23 | Report Abuse

I'm optimist on this stock and have add more purchase of warrant-WA this week.

Posted by pokoknangka > 2017-03-29 19:28 | Report Abuse

Caught my eye when I was browsing the edge weekly. Management paints good optimism over future. Financials are good with undemanding price to earnings figure.

Posted by bobby159753 > 2017-03-29 20:13 | Report Abuse

Where is the chinese tycoon fake news ?

Posted by bobby159753 > 2017-03-29 20:22 | Report Abuse

Quickly dump the share. Gas supply very risky business. Stop gas supply will kena big legal case. Big damage to customer products

Posted by jimmylee123 > 2017-03-29 22:29 | Report Abuse

I still remember MOX ( Malaysia Oxygen ) that supply gas to industry was once a darling blue chip stock and taken private by a company.

Posted by jimmylee123 > 2017-03-29 22:30 | Report Abuse

I ca see that KGB is grooming itself to the same business. This is positive move. Bravo.

Posted by excelyou > 2017-03-30 00:45 | Report Abuse

Based on latest current quarter result of 2.08 cent per quarter.

Assume no more allowance for bad debts in year 2017, 2.08 cents X 4 quarters = 8.32 cents.

8.32 cents X 10% (double digit growth as mentioned by the Directors in FY2017) = 9.15 cents.

Reasonable PE of 12 times, KGB will be valued at least RM1.10.

Posted by bobby159753 > 2017-03-30 07:10 | Report Abuse

Haha talking Mox , now Linde ，Kelington is digging own grave . Now competing with Linde directly. Not only will lose all the business with Linde , they are inviting Linde to crush them. Penny wise pound foolish . Quickly dump and run for cover. This is old but not profitable and full of risk.

Posted by bobby159753 > 2017-03-30 07:17 | Report Abuse

I asked my Friend in Penang , the gas company building the plant supplying kulim semiconductor park still bleeding after so many years struggling . Risky and not profitable business. Only desperate will try to enter. Big capital outlay and Low return . Big investment with only 2 million per year. Worst if Q cell close shop half way . Which happen frequently in the industry . The solar panels price is eroding every day

Posted by bobby159753 > 2017-03-30 07:26 | Report Abuse

Don't be dreaming. So many solar companies close shop half way. The huge investment will go to drain. More impairment and legal case coming.

Posted by bobby159753 > 2017-03-30 07:28 | Report Abuse

They can compete with mox , Linde and air product ? They are inviting the giant to crush them. Desperate move. The big fish will be dumping or are dumping

Posted by bobby159753 > 2017-03-30 07:30 | Report Abuse

q cell close shop and bought over by Chinese company . Just show how difficult is the business. Ke huge investment may go to drain

Posted by bobby159753 > 2017-03-30 07:47 | Report Abuse

Sunpower bought over by Taiwan company , all solar companies are struggling. U think u can make money from them ? If your plant fails u got to compensate million of dollars

Posted by GemSeekers > 2017-03-30 10:59 | Report Abuse

Reiterate TP 0.72 !!

Posted by Contender > 2017-03-30 11:18 | Report Abuse

Based on technical ... on uptrend channel and breakout

Posted by Nikmon > 2017-03-30 13:12 | Report Abuse

No direction, i believe the price will stay at this level until next good news.

Posted by bobby159753 > 2017-03-30 14:14 | Report Abuse

According to my friends working in the semiconductor companies , gas companies lost millions and million of dollar due to gas supply interruptions. You think kelington can avoid this claim ?

Posted by jimmylee123 > 2017-03-30 16:09 | Report Abuse

Only time will tell the potential of KGB. Let see how the company perform. By April will know. I'm still very optimist.

Posted by GemSeekers > 2017-03-30 16:20 | Report Abuse

TP 0.72 !!!!
buy!! no doubts!!

Posted by Nikmon > 2017-03-30 16:30 | Report Abuse

Q1 report will be out by end of May not April

Posted by bobby159753 > 2017-03-30 17:33 | Report Abuse

Big fish will be dumping. The result will be terrible once the current projects are exhausted. My friends in Singapore told me no more projects there . True or not ?

Posted by bobby159753 > 2017-03-30 17:35 | Report Abuse

A plumbing company trying to imitate a gas company. Looking for more legal claim only

Posted by Maxireturn > 2017-03-30 19:30 | Report Abuse

Bobby must have missed the boat..lets why he's so jealous, and can't take it when the stock px moving up. If u think the stock is so bad, why are u to comment? Correct or not sore loser..

Posted by Maxireturn > 2017-03-30 19:35 | Report Abuse

Bobby - My advice is u better leave this page, coz it just gonna make u feel worse, coz the px gonna go up more. Pls take care of urself. Don't let ur mistake affect ur emotion, It's ok to miss the boat..many ppl missed that. Just let it go..u will be happier..