Nepo, lets see the QR later. I guess it will be a good QR. Most of the 庄家 had quit last Friday. And most of the potential companies are recovering back like Bpplastic
Ultra-high purity gas provider. Listed since 2009, Kelington Group Berhad (KGB) is mainly engaged in providing Ultra High Purity (UHP) gas to the electronics and semiconductor industry. Over the years, the Group has expanded its exposure to include turnkey engineering services and industrial gasses business. The group derived 71% of its revenue from its UHP divisions in FY20, whilst Process Engineering (12%), General Contracting (11%), and Industries Gasses (6%) accounted for the rest. Overall, Malaysia, China, and Singapore dominated 94% of its topline in FY20.
Riding on the fab expansion plans. With chips shortage showing no signs of abating, we expect more fab expansions in the pipeline and KGB is well-positioned to tap into more UHP jobs, as chip foundry investment sweeping across Asia (source), especially in China and Singapore where majority of KGB’s UHP projects are located in. Interestingly, this started to reflect from its all-time high outstanding order-book amounting to RM979m as at Oct-21 (FY2020: RM490m).
Industry gas division to cater into F&B. To recap, KGB commenced its liquid carbon dioxide (LCO2) plant in Kemaman, Terengganu on the 23 Oct 2019 with a total capacity of 50,000 tonnes of LCO2 pa. Over the years, the plant utilization rate plant had gradually picked up from 20% (FY2019) to 50% (1HFY2021) within 15 months of operations. As the group is in the final stage of securing the H alal Certification from JAKIM to start the qualification process for the F&B industry, this is expected to drive its LCO2 plant utilization rate to greater heights (CO2 is widely used in F&B business i.e. manufacture of carbonated drinks and food freezing etc.).
Pending for a downtrend line breakout. Technically, KGB is pending for a downtrend line breakout.
A successful breakout above its downtrend line resistance (RM1.74) will spur the prices to challenge its previous high of RM1.88 (30 Sept) territories. Cut lost at RM1.61.
KGB reported a ROBUST financial performance in the third quarter (3QFY21) and nine months ended Sept 30, 2021 and it is upbeat about its prospects.
In a statement on Tuesday, it said notwithstanding the operational disruptions arising from the Full Movement Control Order (FMCO) during the quarter under review, Kelington’s net profit in 3QFY21 rose 62% to a quarterly RECORD HIGH of RM8mil from RM4.9mil a year ago.
In 9MFY21, Kelington posted a RECORD-BREAKING financial performance as revenue rose 30% to RM337.6mil and net profit more than doubled to RM20.9mil as compared to previous corresponding period (9MFY20).
Kelington Group Bhd said its wholly-owned subsidiary Kelington Engineering (S) Pte Ltd had has received an estimated RM85 million contract from a customer who is a GLOBAL LEADER in engineering and project management of high-technology facilities.
The contract is expected to contribute positively to the group’s earnings and net assets for FY12/22 and 2023
entire market +10 point and KGB reverse wash people with good qr ............. hehehheehhehe how good is this counter and their operator ...... totally worth to wait until FY22 and 2023
Kelington chief executive officer Ir Raymond Gan said the company has significantly benefitted from the robust growth of the semiconductor industry in 2021 as global players accelerate their capacity expansion plans to meet the strong rise in demand for semiconductor chips.
"The UHP equipment for this project will be fabricated and supplied by the company's wholly-owned indirect subsidiary, KE System Integration (Chuzhou) Co Ltd in China.
"This demonstrates that our in-house fabricated equipment is recognised and certified for use in an advanced wafer production facility.
"We believe this will elevate our value chain in the industry as well as our profitability moving forward.
"Notably, as Singapore is one of the most attractive destinations for technological investments globally, our Singapore operations have been one of the key contributors in terms of project flows over the past several months," he said in a statement today.
On top of this RM110 million contract win, Kelington has also secured several other UHP contracts in Singapore totalling RM66.3 million over the past few weeks alone.
This brings the total value of new contracts secured in recent weeks to RM176.3 million.
These contracts are for works to be undertaken for different end customers at some of the most advanced semiconductor facilities in Singapore, it said.
Kelington said the cumulative value of new contracts clinched this year has reached an all-time high of RM1.184 billion, lifting the company's current outstanding orderbook to RM1.225 billion.
Gan said looking ahead, the company remained optimistic on its prospects, underpinned by its robust project pipeline across operating markets in Malaysia, Singapore and China.
"Our tender activities also continue to remain active and by leveraging on our strong market position, we are well-poised to capture more business opportunities.
"Not resting on our laurels, we will continue stepping up our efforts to secure more projects in the coming months while delivering high-quality output to our customers in a timely manner," he added.
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....
Aaa123
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Posted by Aaa123 > 2021-11-30 11:28 | Report Abuse
Nepo, lets see the QR later. I guess it will be a good QR. Most of the 庄家 had quit last Friday. And most of the potential companies are recovering back like Bpplastic