KELINGTON GROUP BERHAD

KLSE (MYR): KGB (0151)

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Last Price

3.50

Today's Change

-0.01 (0.28%)

Day's Change

3.47 - 3.53

Trading Volume

569,200


22 people like this.

6,428 comment(s). Last comment by darkjj 23 hours ago

neohts

2,476 posts

Posted by neohts > 2021-05-20 16:56 | Report Abuse

bought some at 1.88 before 5 pm

collie

205 posts

Posted by collie > 2021-05-20 16:59 | Report Abuse

most likely. ppl are afraid to hold

neohts

2,476 posts

Posted by neohts > 2021-05-20 17:04 | Report Abuse

due to Covid 19 number getting higher.

Nepo

3,431 posts

Posted by Nepo > 2021-05-20 18:55 | Report Abuse

@SHQ, you bought RM 500k.
i3 really crouching tigers and hidden dragons place.

To me perfect storm and turbulence ahead..hold tight..

SHQuah

5,363 posts

Posted by SHQuah > 2021-05-20 20:00 | Report Abuse

Why so many panic seller ? Due to MCO lock down ? Or quarterly results ?

Nepo

3,431 posts

Posted by Nepo > 2021-05-20 20:38 | Report Abuse

I was also wondering about this..
Lockdown or QR or BOTH?

But what is important is it lost RM 1.97 support.. if tomorrow this price confirm not hold, then temporary bearish may come..imho

neohts

2,476 posts

Posted by neohts > 2021-05-21 08:44 | Report Abuse

Now is the time to gamble.
If lock down, price goes lower, yesterday already factor in some.
If no lock down, should recover very fast. Up to you.

neohts

2,476 posts

Posted by neohts > 2021-05-21 09:27 | Report Abuse

https://www.thestar.com.my/news/nation/2021/05/21/totally-against-total-lockdown-but-all-for-stricter-sop

PETALING JAYA: Business and industry groups are dead set against a full lockdown, saying it would cost irreparable damage to the economy, but will instead support a stricter movement control order.
Industry players called for a stricter standard operating procedure (SOP), including curbing the movement of people, while making work from home (WFH) mandatory where possible.

collie

205 posts

Posted by collie > 2021-05-21 10:02 | Report Abuse

for me i cut already once it broke 1.96. market sentiment is not good and index crashing out at the moment don't seem appealing. i doubt even a good qr the price might not be sustainable as people will use it as an opportunity to run or take profit. the way i see it, may a chance for double bottom in the future. that is what i hope

Nepo

3,431 posts

Posted by Nepo > 2021-05-21 10:36 | Report Abuse

If QR good..at least better than last QR, though market sentiment bad, it is good time to bottom fishing..

If QR not as expected, then bad luck. You need another 3 months to justify this co is worth to hold..meantime share price may be soften..in short, investor still can't be convinced it is worth to hold.

neohts

2,476 posts

Posted by neohts > 2021-05-21 10:38 | Report Abuse

Opportunity to buy cheap ? not the right time to sell at current price ?

collie

205 posts

Posted by collie > 2021-05-21 11:39 | Report Abuse

i think if announced lock down it might drop further. perhaps then only pick up

SHQuah

5,363 posts

Posted by SHQuah > 2021-05-21 11:54 | Report Abuse

I don't think there will be a full lock down ?

RainT

8,448 posts

Posted by RainT > 2021-05-21 12:42 | Report Abuse

need to drop more

RainT

8,448 posts

Posted by RainT > 2021-05-21 12:46 | Report Abuse

@SHQUAH

Why you keep buy KGB ?

Can share reasons?

SHQuah

5,363 posts

Posted by SHQuah > 2021-05-21 13:45 | Report Abuse

Due to Bonus issues and free warrants.
Company management group mostly Chinese. From CEO, CFO and directors mostly Chinese.
Past year financial report very good. Coming quarter results still pending ?

Normally company with good financial results can only get bonus and warrants approved.

Provide Ulta High Purity gas delivery solution to electronic and semi con industry.

neohts

2,476 posts

Posted by neohts > 2021-05-21 14:21 | Report Abuse

KGB in wafer fabrication with customers like TSMC, SMIC, Infineon and Silterra.
Pharmaceuticals & Biotechnology with customer like B Braun and Pantai medical.

neohts

2,476 posts

Posted by neohts > 2021-05-21 16:22 | Report Abuse

Luckily yesterday bought some before 5 pm at 1.88

Leonggg

88 posts

Posted by Leonggg > 2021-05-21 16:44 | Report Abuse

@SHQuah agree to everything u mentioned

collie

205 posts

Posted by collie > 2021-05-21 16:59 | Report Abuse

wow wow perhaps good qr?

anvil88

33 posts

Posted by anvil88 > 2021-05-21 17:14 | Report Abuse

suddenly feel that you are so right SHQuah

neohts

2,476 posts

Posted by neohts > 2021-05-25 09:27 | Report Abuse

Normally for the month of MAY, market mostly down.
Then by JUNE onward market will start slowly going up. This is based of many years trend.
We still need to see the financial result of the company.

neohts

2,476 posts

Posted by neohts > 2021-05-25 15:52 | Report Abuse

Could you all please stop selling and just wait for the result ?
If you cooperate and cancel all you sell order, then buyer have to buy at higher price.

SHQuah

5,363 posts

Posted by SHQuah > 2021-05-25 16:51 | Report Abuse

Very disappointed with those seller.
No team work.

collie

205 posts

Posted by collie > 2021-05-25 17:00 | Report Abuse

dont worry mate. obviously it's controlled. can tell by the big lots at 2.00 and 2.02. anyways, it seems like forming double bottom.

collie

205 posts

Posted by collie > 2021-05-25 17:22 | Report Abuse

qoq red. yoy green. let's see thursday any reaction.

SHQuah

5,363 posts

Posted by SHQuah > 2021-05-25 17:49 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3160041

Results better than previous quarter. Higher revenue and profit.

SHQuah

5,363 posts

Posted by SHQuah > 2021-05-25 17:50 | Report Abuse

For those who have bought or sold today, good luck to you.

Gabriel Khoo

1,026 posts

Posted by Gabriel Khoo > 2021-05-25 17:58 | Report Abuse

Q1 not impressive but best Q1 ever

collie

205 posts

Posted by collie > 2021-05-25 18:10 | Report Abuse

Yup, like i said before q1 has been the weakest always. so this should be an impressive start.

chai2145

86 posts

Posted by chai2145 > 2021-05-25 18:22 | Report Abuse

Normally every company q1 is like that right

brian3381

1,888 posts

Posted by brian3381 > 2021-05-25 18:23 | Report Abuse

Bad result. Overvalue

SHQuah

5,363 posts

Posted by SHQuah > 2021-05-25 18:26 | Report Abuse

With current MCO, company can still profitable consider not bad.

Posted by Najib Zamry > 2021-05-25 19:11 | Report Abuse

Good result KGB

neohts

2,476 posts

Posted by neohts > 2021-05-26 12:26 | Report Abuse

https://www.theedgemarkets.com/article/kelingtons-1q-net-profit-climbs-37-higher-revenue

“In just a three-month period, we have successfully clinched an additional RM105 million worth of projects. Inclusive of the carried forward projects from FY20 and new orders in FY21, our orderbook rose to RM459 million, out of which RM364 million remains outstanding.

KUALA LUMPUR (May 25): Kelington Group Bhd’s net profit increased 36.72% to RM5.54 million or 1.72 sen per share in the first quarter ended March 31, 2021 (1QFY21), from RM4.06 million or 1.3 sen per share a year earlier, on higher revenue.

Revenue rose 23.71% to RM104.82 million from RM84.73 million, driven by higher revenue recognition from the group's ultra high purity (UHP) and general contracting projects, which rose 9% and 220% respectively, the group said in a filing with Bursa Malaysia.

The higher revenue was also attributed to a 73% growth in revenue at the group's industrial gases division, as demand for liquid carbon dioxide (LCO2) normalised on the back of resumption of economic activities.

dalpinia

2,299 posts

Posted by dalpinia > 2021-05-27 00:04 | Report Abuse

Good chance to buy if drop tomorrow morning

neohts

2,476 posts

Posted by neohts > 2021-05-27 09:50 | Report Abuse

Just Hold until Bonus issues and getting free warrant.

jwinter3

24 posts

Posted by jwinter3 > 2021-05-27 10:55 | Report Abuse

Flashed with many positive earnings yet the price remained as though nothing happened. something is very wrong with this gas company....

SHQuah

5,363 posts

Posted by SHQuah > 2021-05-27 11:09 | Report Abuse

I will also hold until Bonus issues and Warrants. May even buy more if drop to RM2.

jwinter3

24 posts

Posted by jwinter3 > 2021-05-27 11:27 | Report Abuse

Suggest we request the coming AGM be conducted via online media. I have written in the company website on this request. I belive you can also do so.

Gabriel Khoo

1,026 posts

Posted by Gabriel Khoo > 2021-05-27 13:10 | Report Abuse

BONUS WARRANT APPROVED

neohts

2,476 posts

Posted by neohts > 2021-05-27 13:28 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3160606

On behalf of the Board, UOB Kay Hian wishes to announce that Bursa Securities had, vide its letter dated 25 May 2021, resolved to approve the following on the Main Market of Bursa Securities:-

Approved...waiting for Ex date.

Posted by Skywalker00 > 2021-05-27 13:29 | Report Abuse

Price goes up bcos main supplier of dry ice.... haha... what’s the price of dry ice now???...

SHQuah

5,363 posts

Posted by SHQuah > 2021-05-27 13:37 | Report Abuse

Bonus and free warrants Ex date will announce after AGM.

neohts

2,476 posts

Posted by neohts > 2021-05-27 15:37 | Report Abuse

https://klse.i3investor.com/servlets/ptres/59736.jsp

Source : MalaccaSecurities
Stock : KGB Price Target : 2.55 | Price Call : BUY
Last Price : 2.00 | Upside/Downside : +0.55 (27.50%)

neohts

2,476 posts

Posted by neohts > 2021-05-27 15:38 | Report Abuse

https://klse.i3investor.com/servlets/ptres/59728.jsp

Source : KENANGA
Stock : KGB Price Target : 2.60 | Price Call : BUY
Last Price : 2.00 | Upside/Downside : +0.60 (30.00%)

Maintain OUTPERFORM and Target Price of RM2.60 based on FY21E PER of 26x (+0.5SD to 3-year mean).

neohts

2,476 posts

Posted by neohts > 2021-05-27 15:44 | Report Abuse

https://klse.i3investor.com/servlets/ptres/59736.jsp

Investment Highlights
• Ultra High Purity (UHP) specialist. We like KGB for its position as a UHP specialist, backed by multi-national clients such as Semiconductor Manufacturing International Corp (SMIC), Taiwan Semiconductor Manufacturing Co (TSMC), Infineon, Seagate, and Micron. Well positioned to leverage on the semiconductor industry super cycle following the recent expansion through the newly setup fabrication plant in China.

• Industrial gas expansion to generate long-term income stream. We are sanguine on the expansion of liquid carbon dioxide (LCO2) plant with a capacity of 50,000 tonnes pa that will generate long term income visibility. Utilisation rate may ramp up amid the improved demand as economic activities gather pace since 2H20.

• Record high orderbook to underpin earnings growth. After booking record high RM490.0m of orderbook replenishment in FY20, we have penciled an orderbook replenishment of RM450.0m each for FY21f and FY22f, supported by the uprising semi-conductor business cycle and higher demand for industrial gas. Moving forward, KGB’s outstanding orderbook of RM364.0m in 1QFY21 will sustain earnings visibility over the next 2 years.

Posted by value investor > 2021-05-27 17:11 | Report Abuse

@jwinter3 agree your point due to MCO we also hard to travel to shah alam also, last year join the AGM, very good impression. Hope this year can join also

SHQuah

5,363 posts

Posted by SHQuah > 2021-05-27 19:07 | Report Abuse

With the approval of Bonus and Warrants, why still can't get investors interest ?

Gabriel Khoo

1,026 posts

Posted by Gabriel Khoo > 2021-05-27 21:20 | Report Abuse

a small-cap company can attract coverage from 4 IBs, namely affin, rhb, kenanga and malacca sec

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