It wouldn't be far away from current mother + warrant = 2.00-(1.1+0.9). Looking at the mother share price.. It dropped from 1.85 to 1.60 which 20 cents different after the announcement. Following, you can noticed the OR has very high volume compare to mother last week. This indicated that they encourage ppl to convert the OR. Possible they will goreng the warrant. But buying the mother I think is a better choice since it is at very attractive price < 1.6
ur worry correct ler.. ppl bot cum > 1.80.. bot OR > 0.90.. conversion price of warrant 1.68..
bt mother keeps dropping.. die liao lo.. lots of ppl die liao..
some more if shot shot ppl who shot a counter wit rights issue n bonus issue go n shot kimlun.. d price wil drop even more later... u c xideliang la.. cia lat
I have walked through this stock individually, patiently waiting for the appropriate market setup, currently Kimlun present a good trades toward having the expectation of an windfall gain. Hold the ground or participate in this trade at current price RM 1.56. The real skill is in not losing money!!! ^^. tx
KUALA LUMPUR: AmResearch is maintaining a Buy call on Kimlun with a fair value of RM2 a share, which is a 20% discount to its sum-of-parts value.
It said on Friday the management held a briefing for analysts and the key highlights were that it has a balance manufacturing order book of RM300mil as at end-December 2013.
The order book comprises of the Klang Valley Mass Rapid Transit Line One (KVMRT 1) job as well as the tunnel lining segment (TLS) packages for the Singapore cable tunnel and downtown line. The bulk of the KVMRT job is expected to be recognised this year.
Depending on the timing of the TLS package awards under KVMRT2, Kimlun will utilise its Senawang plant to produce industrial building system (IBS) products. The Senawang plant is currently running at about 50% utilisation rate.
AmResearch said Kimlun also intends to utilise its Senawang plant to supply TLS for the upcoming Thomson line in Singapore. The management reckons that its Senawang plant could handle three to four packages under the Thomson line.
“We understand that there are 19 TLS packages under Thomson line, estimated to be worth about S$130mil in total. Kimlun will be able to supply TLS from both its Senawang and Johor (currently at about 80% utilisation rate) plants. The TLS package is expected to be awarded soon following the appointment of main contractors recently,” it said.
AmResearch said Kimlun, with a balance construction order book of RM2bil as at end-Dec 2013, it expects new order wins to slow down in 1H14. About 80% of the jobs are in Johor. Its maiden project, HYVE, (GDV: RM235mil) has achieved a 70% take-up rate. It has unbilled sales of RM125mil and is expected to be completed by end-2015. Kimlun is still awaiting approval for phase 1 of its Medini Opus project (GDV: RM446mil) with a tentative launch scheduled for 4QFY14.
Kimlun intends to launch 41 bungalow units on a 386sq ft land that it is purchasing in Shah Alam. The group intends to sell these units (8,000 to 13,000 sq ft plots) for between RM1mil-RM2mil each.
“Recall that 70% of its record new order wins of RM1.1bil last year were secured in 2H. Given the large size of jobs in hand, we expect new order wins to slow down in 1H14 with a new order book assumption of RM700mil. Maintain BUY,” it said.
Recommendation We maintain our Buy recommendation on Kimlun with a fair value of RM1.77 (adjusted for rights issue) which continues to peg earnings to an unchanged target PER multiple of 10x. We continue to like Kimlun for its i) earnings growth prospects which tracks the booming construction sector both in Malaysia and Singapore; and ii) earnings visibility given its sizeable order book. Meanwhile, moderating factors include project execution risks in view of the worker shortage, as well as dampened investors’ interest in the short term in view of the weak results.
guys, anyone here subscribed the excess right? kimlun didnt allocate the excess right that i subscribed fully, when will i be getting back the refund? tq
Name Phin Sdn Bhd Address Level 18, The Gardens North Tower, Mid Valley City Lingkaran Syed Putra, 59200 Kuala Lumpur NRIC/Passport No/Company No. 1020136-K Nationality/Country of incorporation Malaysia Descriptions (Class & nominal value) Ordinary Shares of RM0.50 each Name & address of registered holder Phin Sdn Bhd Level 18, The Gardens North Tower, Mid Valley City Lingkaran Syed Putra, 59200 Kuala Lumpur Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction Date of change No of securities Price Transacted (RM) Acquired 19/03/2014 100,000 1.540 Acquired 20/03/2014 167,000 1.540 Acquired 21/03/2014 100,000 1.550
Circumstances by reason of which change has occurred Acquired from open market Nature of interest Direct Direct (units) 104,786,100 Direct (%) 34.86 Indirect/deemed interest (units) Indirect/deemed interest (%) Total no of securities after change 104,786,100 Date of notice 24/03/2014
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3387 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Heilong
38 posts
Posted by Heilong > 2014-02-26 11:41 | Report Abuse
It wouldn't be far away from current mother + warrant = 2.00-(1.1+0.9). Looking at the mother share price.. It dropped from 1.85 to 1.60 which 20 cents different after the announcement. Following, you can noticed the OR has very high volume compare to mother last week. This indicated that they encourage ppl to convert the OR.
Possible they will goreng the warrant. But buying the mother I think is a better choice since it is at very attractive price < 1.6