Posted by GemSeekers > 2017-04-05 09:05 | Report Abuse

EPS 8 with PE 12 TP 0.96 ( 6 - 9 months)
conservative TP 0.72 ( within 3months)
buy call !!

Posted by GemSeekers > 2017-04-05 10:02 | Report Abuse

little duckling transform into beautiful swan.
going to fly higher and steady.

Posted by Nikmon > 2017-04-05 10:12 | Report Abuse

what would happen if the Q1 result going to announced by next month is extremely good?

Posted by GemSeekers > 2017-04-05 10:50 | Report Abuse

no doubt , TP 0.72 !!
KGB-WA will move faster than mother .

Posted by jimmylee123 > 2017-04-05 13:09 | Report Abuse

It just need another project win in this month to push it above 70 cents.

Posted by GemSeekers > 2017-04-05 14:58 | Report Abuse

forming a strong base , volume and price should breakout soon or later.

Posted by bobby159753 > 2017-04-05 19:04 | Report Abuse

340 mil per year revenue , every month must generate 28 mil MRY. 19 mil order can last 2 and half week, really pathetic to blow trumpet .

Posted by bobby159753 > 2017-04-05 19:05 | Report Abuse

Few big fish trading

Posted by char1234 > 2017-04-05 21:06 | Report Abuse

tp will hit this month not in 3 mths time..hit when its hot

Posted by keepeng > 2017-04-05 21:11 | Report Abuse

What is the tp

Posted by bobby159753 > 2017-04-05 22:45 | Report Abuse

Becareful selling will start at 66 Sen . While you are chasing for TP , big fish will unload along the way

Posted by HandOfMidas > 2017-04-07 02:17 | Report Abuse

target 0.7 hold tight

Posted by Nikmon > 2017-04-07 10:25 | Report Abuse

free fall again...

Posted by jimmylee123 > 2017-04-07 11:17 | Report Abuse

Consolidation phase

Posted by IANFUJI > 2017-04-07 17:09 | Report Abuse

Hold tight...see next week.

Posted by bobby159753 > 2017-04-07 22:50 | Report Abuse

Herd in the cage now, killing soon. Haha

Posted by bobby159753 > 2017-04-07 22:52 | Report Abuse

Seow Liao , drop 3 Sen , below 60 Sen

Posted by bobby159753 > 2017-04-08 09:10 | Report Abuse

Some time shares are pledged to take up huge bank loan . Need to hold up the price to maintain the collateral . If cannot hold price the bank will ask company to TOP up collectral . The company' will face terrible financial crunch

Posted by jimmylee123 > 2017-04-08 10:39 | Report Abuse

Pls read star paper business today mentioned the total borrowing less than 30mil. Rest assured no huge bank loan taken by the company.

Posted by jimmylee123 > 2017-04-08 10:39 | Report Abuse

Every share also consolidate on this week. If cannot wait and no patience please sell it.

Posted by sng2015 > 2017-04-08 11:20 | Report Abuse

Kelington banks on industrial gases http://www.thestar.com.my/business/business-news/2017/04/08/kelington-banks-on-industrial-gases/

Posted by Nikmon > 2017-04-08 12:09 | Report Abuse

this old man constantly appear on media recently to boots his company, 1Q result definitely will be super good....else he would not dare to emerge on media.

Posted by Nikmon > 2017-04-08 12:15 | Report Abuse

with total 17 million net cast on hand, why should worry, the debt ratio is consider healthy.

Posted by excelyou > 2017-04-09 17:34 | Report Abuse

Engineering company eyes steady earnings stream from new venture

Engineering solutions provider Kelington Group Bhd aims to derive more than a quarter of its earnings from its recent diversification into the supply of industrial gases.
Chairman and chief executive officer Raymond Gan Hung Keng says the new business will give the small-cap company a stable earnings stream that will buffer its exposure in the cyclical semiconductor industry.
Explaining the rationale, he adds that since “the company’s project tenures are fairly short-term in the range of six to nine months, there was always the question of continuity”.
So, it has been looking for a good source of recurring income.
“This new business is long-term in nature and will give us the stability in terms of earnings visibility. Earnings from the maiden venture is expected to kick in in 2018 and if all goes according to plan, we hope to grow the contribution to about 30% of revenue in three to five years’ time,” Gan tells StarBizWeek.
Kelington currently specialises in the provision of ultra-high purity (UHP) gas and chemical delivery system solutions. It also provides end-to-end process engineering services encompassing design, fabrication and maintenance, plus general contracting and construction management services.
Its clients are mostly multinationals involved in the electronics/semiconductor industry and other high-technology manufacturers.
About two weeks ago, the company bagged a letter of award from Hanwha Q CELLS Malaysia Sdn Bhd for the onsite supply of nitrogen gas, marking its diversification into the new segment.
Under the contract, Kelington will set up an onsite generator to produce nitrogen gas at Hanwha’s manufacturing plant in Cyberjaya, Malaysia.
In return, the latter will pay a fixed facility fee amounting to about RM20mil over a period of ten years.
“So, for the next few years, we have locked in a certain amount of money. It is a breakthrough and we hope to get more of these kinds of jobs, which complements our current business in the high-tech sector.“
UHP delivery systems currently account for 55% of revenue, with general contracting at 39% and the rest from process engineering.
Malaysia and Singapore are its biggest markets, contributing over 70% of earnings in financial year 2016 (FY16).
The other markets where it has a presence in are China and Taiwan, which contributed 8% and 10%, respectively, to earnings in FY16.
It has also clinched jobs in the Philippines and Indonesia.
Earlier this week, it bagged two new contracts from China amounting to RM19.3mil for the installation of UHP gas delivery systems, bringing its outstanding orderbook to RM239.3mil to date.
Its tender book size is around RM800mil to RM1bil and it secures about RM200mil to RM300mil of jobs yearly, according to Gan.
However, while previously the company had operated a fairly asset-light business model, it may have to gear up under the new business.
“Because we have to invest a certain amount of money to put up the new plant, it will result in a slightly higher gearing. But we have a strong balance sheet for this and in return for that investment, get a recurring income.”
Kelington’s gearing as at the end of last year stood at 0.4 times, while net cash was at RM17.6mil.
Its borrowings totalled RM24.8mil and were mainly short-term in nature for project financing.
Besides the plan to grow its existing and new businesses, the company has been working to improve margins and productivity.
It is targeting to achieve a 12% gross profit margin and a 5% profit-after-tax margin by 2020.
Gan says that in the first ten years of its inception in 2000, the company’s focus was predominantly on UHP work. Due to the cyclical electronics industry, it took on larger-volume jobs in process engineering and general contracting.
These have boosted revenue and gave it entry into turnkey projects, but at the expense of gross margins due to competitive pricing to demonstrate capability and gain track record.
“So, while our orderbook has grown about 20% in the past few years, margins have thinned.”
“But from last year, we have been focusing on growing margins as opposed to the previous strategy of growing revenue.”
One way, he says, is to take on more project engineering works, while on the cost control side, measures like centralised purchasing and shared resources across the country have been put in place.
In FY16, the company returned to the black with a net profit of RM8.7mil on a revenue of RM340.2mil - the highest achieved in the last five years.
Singapore, which it expanded into about five years ago, recorded the biggest growth year-on-year at 81%.
In the previous financial year, it made a net loss of RM2.5mil after recognising impairment losses on certain projects, trade receivables and amounts owing by contract customers.
For FY17, the company anticipates to win more contracts from China on the back of heavy investments in the manufacturing capacity of memory chips and integrat

Posted by excelyou > 2017-04-09 17:41 | Report Abuse

Seem Nikmon manage too see the money.

Posted by Nikmon
this old man constantly appear on media recently to boots his company, 1Q result definitely will be super good....else he would not dare to emerge on media.
08/04/2017 12:09

Posted by IANFUJI > 2017-04-10 15:22 | Report Abuse

What happened? Continuously drop.....

Posted by michaelwong > 2017-04-10 17:54 | Report Abuse

Profit taking after huge runs up that's normal lar bro !

Posted by bobby159753 > 2017-04-11 12:13 | Report Abuse

Need to boost up the share to apply for loan for the hug capital outlay with 10 risky year to get back the investment . Solar company can tahan 10 years ? Joking

Posted by Maxigain > 2017-04-11 19:14 | Report Abuse

Haha..thanks bobby, whenever he comments abt how bad the stock is,next day the stock will close higher...let see

Posted by bobby159753 > 2017-04-11 22:03 | Report Abuse

17 mil cash in hand ? Can tahan the huge investment for the new gas business investment ? One project only cash all dry up. Talk up the share to borrow more money.

Pathetic situation . Engineering very thin margin, legal case. Gas supply project need huge capital slow return and risky .

Dump the share

Posted by Nikmon > 2017-04-11 23:56 | Report Abuse

i wont let you buy cheap. haha

Posted by Nikmon > 2017-04-11 23:57 | Report Abuse

i think bobby159753 has made more money from this counter than anyone else.

Posted by Nikmon > 2017-04-12 16:24 | Report Abuse

back to normal, no volume, feel boring

Posted by HandOfMidas > 2017-04-12 17:49 | Report Abuse

wait AR out u all will panic buy. xD

Posted by Nikmon > 2017-04-12 20:38 | Report Abuse

maybe got surprise from the dividend announcement in next few days, dividend payout ratio is between 50%-60%, they may pay 2.5 cent

Posted by wwwin > 2017-04-12 21:29 | Report Abuse

HandofMids, what u mean AR?

Posted by honsoon1979 > 2017-04-13 15:46 | Report Abuse

panic sell?

Posted by Nikmon > 2017-04-13 15:50 | Report Abuse

waterfall....

Posted by honsoon1979 > 2017-04-13 15:58 | Report Abuse

buy some more

Posted by bobby159753 > 2017-04-13 19:49 | Report Abuse

Need to pump up the price to borrow more money to plug the black hole to supply gas. High capital injection and need ten risky year to get back the money . Haha

Posted by bobby159753 > 2017-04-14 18:44 | Report Abuse

Collect ? Don't get trapped for Long Long time . Stupid share shot up 100% for no good business case. Getting more and more hollow

Posted by bobby159753 > 2017-04-14 18:46 | Report Abuse

U know something is very wrong when they use the chinese tycoon story to con you.

Posted by Nikmon > 2017-04-15 10:54 | Report Abuse

It is coming back, next week announce dividend

Posted by sng2015 > 2017-04-17 20:05 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5398133

Posted by HandOfMidas > 2017-04-17 21:58 | Report Abuse

this bobby is such a joker. create an acc just to sabotage kgb. look at all his comments just about kgb. xDDD

Posted by HandOfMidas > 2017-04-17 21:58 | Report Abuse

AR=Annual Report

Posted by Nikmon > 2017-04-18 09:17 | Report Abuse

The total Contract value is SGD7.67 million (equivalent to RM24.2 million). The Contract is expected to be completed by December 2017.

KGB going to achieve another record high profit this year!!

Posted by excelyou > 2017-04-18 13:26 | Report Abuse

KGB was a leading Ultra-High Purity (UHP) Gas and Chemical Delivery Solutions Provider in Malaysia, China, Taiwan and Singapore. KGB is an integrated engineering solutions provider specializing in ultra-high purity (UHP) gas and chemical delivery systems, mechanical process engineering, mechanical systems and electrical systems. The Group provides end-to-end engineering solutions ranging from system design to fabrication and installation of equipment to testing and maintenance.

Outstanding orderbook about RM277m.
Yesterday, KGB announced that it has secured RM24m contract to Givaudan Singapore (a leading flavour and fragrances manufacturer). Together with the RM19m contract to a China global semiconductor MNC (secured on 3 Apr) and its first industrial gas supply contract of RM20m (secured on 28 Mar) to Hanwha Q CELLS (one of the world’s largest manufacturers of solar cells and modules), KGB’s has an outstanding orderbook of ~RM277m.

Serving diversified industries.
Established since 2000, the Group serves customers in the high technology industry across different sectors such as Industrial Gases, Wafer Fabrication, Solar Energy, TFT-LCT, Bioscience and Light Emitting Diode (LED). KGB has also expanded its industry focus to include the F&B, pharmaceutical, healthcare and oil and gas sectors. In FY2016, Singapore contributed 39% to the revenue, followed by Malaysia (38%), Taiwan (10%), China 98%) and other (5%).

Potential downtrend reversal.
KGB is currently trading at 8.3x FY16 P/E (7.1x if excludes 7.9 sen netcash). The stock has retraced from 52-week high of RM0.64 (5 Apr) to a low of RM0.53 (14 Apr) before ending at RM0.565, above the 30-d SMA level (now at RM0.545). Short term rebound seems taking shape and we expect prices to bottom up amid the formation of hammer-liked candlestick.

A decisive breach above RM0.59 (10-d SMA) is likely to spur prices higher towards RM0.64 and our long term objective of RM0.70 (123.6% FR). Key supports are RM0.53-0.545. Cut loss at RM0.525.

Source: Hong Leong Investment Bank Research - 18 Apr 2017

Posted by Peggy Method > 2017-04-18 23:21 | Report Abuse

KGB- will MADE IN CHINA lift their profit?

http://politemarket.blogspot.my/2017/04/kgb-will-made-in-china-lift-their-profit.html

By the way, thanks excelyou

Posted by excelyou > 2017-04-19 08:48 | Report Abuse

RHB Research , 19 April 2017.

KGB may climb higher after posting another white candle and leaving an upside gap yesterday. This can be viewed as a continuation of the bulls extending the rebound from 14 Apr’s “Hammer” pattern.

A bullish bias may appear above the MYR0.58 level, with an exit set below the MYR0.53 mark.

Towards the upside, the immediate resistance level is seen at the MYR0.70 level. This is followed by the MYR0.83 level.