Posted by Patrick13 > 2017-08-29 17:58 | Report Abuse

Revenue, profit and EPS all dropped. But GP/PBT/PAT margin still can maintain. That's mean the management do a good job on that. With the construction order on hand of RM1.98 billion and manufacturing order on hand of 320 million, it shall be enough for the Group to busy in next 2-3 years. Despite construction & manufacturing is softening growth this FY, but surprise that property development is able to contribute profit which higher than last 2 years.

Posted by luckyman > 2017-08-29 18:06 | Report Abuse

Prospects For 2017 (Extract from its latest quarterly report)

The Group has an estimated construction and manufacturing balance order book of approximately
RM1.98 billion and RM0.32 billion respectively as at 30 June 2017, contributed by numerous
construction contracts and supply contracts. The balance order book provides a good earnings
visibility to the Group and is expected to keep the Group busy for the next 2 years.

The Board is optimistic that the construction sector of Malaysia and Singapore will continue to be
vibrant in 2017, thus offer order book replenishment prospects.

Posted by Patrick13 > 2017-08-30 13:42 | Report Abuse

The completed Hyve SOHO and offices development in Cyberjaya, Selangor, and the Taman Puteri
residential development in Pekan Nenas, Johor, with total unsold stocks worth RM47 million will
continue to contribute to the Group’s revenue in 2017 with further sales. There is no other on-going
development carry out by the Group on its land bank totalling 155 acres.

Assuming property development profit margin at least 10%, that's mean this RM47 million can contribute about RM4.7 million pre-tax profit in next 2 quarters.

Posted by Red_Apollo > 2017-09-04 03:09 | Report Abuse

Why now RM 2.14 and not 2.5?

Evolution4 cheap1 , u try wait and see when it can reach Rm1.2, it wont happen, at least at near term, i am confident it will hit 2.50 if the coming result is good
19/07/2017 23:17

Posted by Red_Apollo > 2017-09-04 03:11 | Report Abuse

Why IBs' TP adjust lower and lower? Very low standard analysis.
http://klse.i3investor.com/servlets/ptg/5171.jsp

Posted by Evolution4 > 2017-09-07 19:24 | Report Abuse

lol red apollo, my target price havent hit, but that psycho said 1.20 is reasonable price, lol is that gonna be realise in near term?

Posted by Patrick13 > 2017-09-15 17:58 | Report Abuse

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1000168

Posted by luckyman > 2017-09-15 20:54 | Report Abuse

http://klse.i3investor.com/blogs/MplusOnline/131319.jsp
http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=11602

All in all, its construction orderbook => RM 2.2 Bil ????

Posted by Patrick13 > 2017-09-15 22:51 | Report Abuse

Let's me summarise contracts won in FY2016 and FY2017 so far:
10/3/16 - RM1,461 mil (Pan Borneo, target completed by Mar 2020)
29/3/16 - RM200 mil (SBG MRT2, target completed by Nov 2019)
27/4/16 - RM98 mil (housing construction in Plentong, target completed by Jul 2018)
23/5/16 - RM166 mil (5 blocks construction in Petalling, target completed by Apr 2019)
29/11/16 - RM53 mil (tunnel segment linings for MRT2, target completed by Sep 2019)
Total new orders replenished in FY2016 = RM1,978 mil

8/5/17 - RM263 mil (MBJB construction in JB, target completed by Oct 2019)
15/9/17 - RM215 mil (2 blocks of condo construction in Plentong, target completed by Jun 2020)
Total new orders replenished so far in FY2017: RM478 mil

If further breakdown by year:
FY2018: RM98 mil
FY2019: RM682 mil
FY2020: RM1,676 mil
3 years total contracts contribution: RM2,456 mil~

And there's still have 4 months plus in FY2017 to allow Kimlun further replenish the new orders within RM600-800 mil annual target.

Posted by Red_Apollo > 2017-09-17 16:01 | Report Abuse

2017 new orders way too low. Enough for 2 quarters revenue. Meaning pay employees 2 qtr out of 4 qtrs a year?

8/5/17 - RM263 mil (MBJB construction in JB, target completed by Oct 2019)
15/9/17 - RM215 mil (2 blocks of condo construction in Plentong, target completed by Jun 2020)
Total new orders replenished so far in FY2017: RM478 mil

Posted by Red_Apollo > 2017-09-17 16:09 | Report Abuse

Poor new orders reflected in this year QR. Below RM 2 coming?
https://klse.i3investor.com/servlets/stk/fin/5171.jsp

Posted by Patrick13 > 2017-09-18 13:10 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/09/18/aminvest-research-ups-kimlun-fair-value-to-rm2pt76/

Posted by Patrick13 > 2017-09-18 13:34 | Report Abuse

Based on Bursa announcement, they officially published 2 contracts been awarded totalling RM477.8.m so far in FY2017. However Aminvestment Research said that Kimlun YTD construction jobs win to RM820m, surpass annual target of RM700m for FY2017.

Posted by Patrick13 > 2017-09-28 16:29 | Report Abuse

http://www.theedgemarkets.com/article/mah-sing-gets-kimlun-build-connecting-road-%C2%A0meridin-east-highway

Posted by Patrick13 > 2017-09-28 16:30 | Report Abuse

Another RM50 million building contract begged from Mah Sing group.

Posted by Whey Whey > 2017-09-30 17:48 | Report Abuse

目标价:2.70令吉
最新进展:

金轮企业（KIMLUN，5171，主板建筑股）获马星集团（MAHSING，8583，主板产业股）颁发总值5000万令吉的合约，在柔佛建道路立交桥，衔接丹绒朗刹与士乃-迪沙鲁大道的查哈亚峇鲁收费站交流道。

这项工程将在明年首季动工，预计2020年竣工。这条衔接道路距离马星集团的Meridin East项目仅1公里。

行家建议:

加上这最新的柔佛道路工程，金轮企业今年至今已经赢得10亿令吉，超越原本6亿至7亿令吉的全年目标。

截至今年中，订单规模达23亿令吉，其中20亿令吉是建筑合约，另3亿2000万令吉则是制造业。这已经是2016财年营业额的2.5倍，相当强劲。

管理层指出，无法获得轻快铁第三路线的配套合约，但有意从制造层面参与该项目，即供应分段箱梁和其他预制产品。

同时，金轮企业也看好全国大选后的合约释出动向，包括东海岸铁路和隆新高铁等大型铁路项目，有意参与建筑和制造方面的竞标。

此外，公司也放眼借助工业化建造系统（IBS）的专业，取得5亿令吉的可负担房屋项目。

虽然我们预计今年净利将下跌16%，但看好强劲的合约将可激励明年业绩复苏，因此将评级从“守住”上调至“买入”

Posted by Patrick13 > 2017-10-12 17:22 | Report Abuse

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1006040

Incorporation of new subsidiary

Posted by BigThinkers > 2017-10-18 11:14 | Report Abuse

How come so low volume on KimLun....

Posted by Patrick13 > 2017-10-25 12:02 | Report Abuse

Get used to it. Kimlun is very low profile counter.

Posted by lai81533 > 2017-10-25 17:43 | Report Abuse

target rm2.80

Posted by luckyman > 2017-11-05 20:09 | Report Abuse

We maintain our forecasts, FV of RM2.76 and BUY call, following an analyst briefing yesterday. Our FV is based on 12x FY18F FD EPS, in line with our 1-year forward target PE of 10-12x for small-cap construction stocks.

YTD, Kimlun’s construction division has bagged about RM0.9bil new jobs, boosting its balance order book to approximately RM2bil (including the RM50mil Tanjung Langsat–Cahaya Masai Toll connecting road contract awarded by Mah Sing announced yesterday). Kimlun believes it should end FY17F with total job wins of about RM1bil, vs. RM1.4bil it secured in FY16.

For FY18, Kimlun is mixed on the prospects of construction job wins. While it is confident of securing about RM500mil worth of government-funded affordable housing projects (such as PR1MA and Selangorku), it is cautious on the private property sector (given the still soft property market) and the public infrastructure sector (given the unpredictability of the actual timing of the rollout of key infrastructure projects including the East Coast Rail Link and KL-Singapore High-Speed Rail).

We have raised our assumption for construction job wins in FY17F to RM1bil (from RM900mil), which is offset by higher interest expenses arising from higher capex of RM60mil and RM30mil in FY17-18F as guided (vs. our assumption of RM15mil annually), largely to facilitate the execution of the RM1.46bil Pan Borneo Sarawak contract. For FY18-19F, we maintain our assumption for construction job wins at RM700mil annually.

Meanwhile, its manufacturing order backlog remains elevated at RM320mil (vs. RM260mil six months ago), underpinned largely by MRT2 orders comprising segmental box girders, tunnel lining segments and other pre-cast concrete products (with a total value of RM280mil), with the balance coming from recurring orders from various infrastructure projects in Singapore.

We project Kimlun's FD EPS to contract by 20.8% in FY17F from a high base a year ago (largely due to lumpy variation order claims recognised during the year). Its earnings growth momentum should resume in FY18F (+27.7%).

We continue to like Kimlun as it is a good proxy to the booming local construction sector given its involvement in the MRT2 (supply of precast concrete segments), Pan Borneo Highway and the construction of affordable housing. Kimlun's earnings profile has improved tremendously as it no longer relies solely on building jobs, but has expanded to infrastructure (Pan Borneo Highway). Similarly, its manufacturing unit has widened its product offering with the latest being rail sleepers and parapet walls.

AmInvest Research - 29 Sept 2017

Posted by Lilylizz > 2017-11-06 17:35 | Report Abuse

wow anything happen?

Posted by HengHuatOng > 2017-11-06 19:05 | Report Abuse

Long overdue spike.

Posted by lai81533 > 2017-11-08 21:54 | Report Abuse

target rm2.87

Posted by lai81533 > 2017-11-11 21:38 | Report Abuse

Hold

Posted by Yu_and_Mee > 2017-11-30 23:17 | Report Abuse

not so good choice

Posted by HengHuatOng > 2017-12-05 15:04 | Report Abuse

Thanks for the profitable ride. Signing off. Tq

Posted by Patrick13 > 2017-12-21 20:51 | Report Abuse

HLIB Research sees recovery for Kimlun in FY18

Hong Leong Investment Bank (HLIB) Research is retaining its Buy call for construction company Kimlun Corporation with a target price of RM2.65.

It said on Thursday although it forecasts earnings to decline by 22% this year, it is positive on a recovery in FY18 (+20%) underpinned by its strong job wins leading to a record high orderbook.

“Our TP of RM2.65 is based on an 11 times price-to-earnings (P/E) multiple ascribed to FY18 earnings (mean: 12 times),” it said.

On Wednesday, Kimlun announced it was buying from UEM Sunrise (UEMS) 11.734 hectares of freehold agriculture land from the latter for RM82.1mil.

The land is within Iskandar Puteri and is near Horizon Hills, Eco Botanic and Taman Nusa Sentral. It is roughly 5km (by road) north-west of Kota Iskandar. The land has been zoned for commercial use and Henry Butcher Malaysia has appraised the land at RM83mil.

“The pricing for the land works out to be RM65psf. Our property analyst feels that this may be on the high side when compared to the recent transacted price of RM43.4psf when UEMS sold a parcel of land to Country View. It is nonetheless noted that the land that Kimlun is buying is much smaller in size.

“Kimlun intends to develop commercial properties on the said land but no further details were given,” it said.

HLIB Research said as of 3Q17, Kimlun’s net gearing was low at 5.5%. On a proforma basis, the land purchase would increase its net gearing to 19.6% which the research house deemed as manageable.

“As of 9M17, property contributed a minimal 2.5% to revenue. Kimlun has thus far only undertaken two developments, with take up rate at 90% for The Hyve (launched 2012) and 50% for Pekan Nenas (launched 2015),” it said.

https://www.thestar.com.my/business/business-news/2017/12/21/hlib-research-sees-recovery-for-kimlun-in-fy18/

Posted by Patrick13 > 2017-12-29 08:41 | Report Abuse

Seems like Kimlun is looking good on Johor future prospects.
Establish 3 new subsidiaries: Kii Morris S/B, Kii Ashbury S/B and Kiiville S/B and buy 3 new lands so far in this month. Of course it won't give quick return in recent years. This is talking about 5-10 year investment. Currently Kimlun almost completed on-hand property projects (eg. The Hyve and Pekan Nanas).

Posted by HibisRock > 2018-01-03 08:54 | Report Abuse

Only 4 stocks are picked by more than 7x in 2018 Stock pick of the year! Two of them are Dnex and Hibiscus!
http://klse.i3investor.com/m/blog/stock_pick_2018/142894.jsp

Posted by luckyman > 2018-01-16 21:09 | Report Abuse

http://cdn1.i3investor.com/my/files/dfgs88n/2018/01/16/1507091895--1262452000.pdf

Posted by Patrick13 > 2018-01-26 22:56 | Report Abuse

Kimlun Corporation, a Malaysian construction and engineering firm, said Friday it plans to buy 47 plots of vacant land and 30 houses for a combined 68.41 million ringgit ($17.65 million).

The company plans to carry out enhancements on the houses, and build bungalow units on the land if the proposed acquisition goes through, Kimlun said in an exchange filing. The properties, located in Shah Alam, Selangor, have a combined land area of 81,854 square meters, it said.

The proposed acquisition provides an opportunity to increase the size of its land bank in strategic location in order to enhance its future revenue and earnings, Kimlun said. The acquisition is expected to be completed by the end of first quarter of 2020, it added.

Posted by Icon8888 > 2018-03-01 10:37 | Report Abuse

https://klse.i3investor.com/blogs/icon8888/149107.jsp

Posted by newbie4444 > 2018-03-03 19:13 | Report Abuse

After Q4 follow by poor Q1. Sell. RM 2 coming.

Posted by Myeye > 2018-03-05 10:10 | Report Abuse

steady ~.~

Posted by Patrick13 > 2018-03-13 20:34 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/03/13/kimlun-eyes-rm600mil-to-rm900m-construction-jobs-in-fy18/

Posted by Muarmali > 2018-03-14 11:59 | Report Abuse

Sarawak project is slow. TP: below RM2.00

Posted by Muarmali > 2018-03-14 12:02 | Report Abuse

Kenanga staff must fly to Sarawak before setting TP at RM2.55

Posted by Patrick13 > 2018-04-02 13:07 | Report Abuse

Been told that Kimlun does not have intention to bid for Sabah Pan Borneo Highway. Instead, will be interesting which company will be awarded for this tender?

http://www.theedgemarkets.com/article/pan-borneo-highway-job-awards-out-soon

Posted by sell > 2018-04-05 22:50 | Report Abuse

TP RM 1.5 next. Sell.

Posted by winmxaa > 2018-04-06 21:44 | Report Abuse

Sold

Posted by 4444 > 2018-05-17 11:07 | Report Abuse

Where are the idiots incl ks55, Icon888? Still think can up? Why not below RM 1?

Posted by 4444 > 2018-05-17 11:08 | Report Abuse

W 15% premium. Why not 0% premium?

Posted by 624298991 > 2018-05-17 22:14 | Report Abuse

warrant kena sell down like nobody!

Posted by reiki6 > 2018-05-31 12:26 | Report Abuse

do anyone can clarify on recent mega govt projects which were scrapped such as HSR, MRT3, etc.. that involved Kimlun?

Posted by reiki6 > 2018-05-31 15:57 | Report Abuse

thks live168 :)

Posted by Patrick13 > 2018-06-06 20:07 | Report Abuse

The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, SPC Industries Sdn Bhd had accepted the letter of award from M+W Singapore Pte Ltd for the supply and delivery of pre-cast concrete building components for Singapore Dollar 27.00 million ("the supply contract").

The supply and delivery of the components is expected to be completed by end of December 2018.

The Company does not foresee any exceptional risk other than operational risks associated with the supply contract.

The supply contract is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial year during the supply period.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the supply contract.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1064346

Posted by Patrick13 > 2018-06-06 20:07 | Report Abuse

The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the award of a RM144.10 million construction contract from Focus Ace Construction Sdn Bhd to design and build roads and interchange in Johor Bahru, Johor ("the Project").

The construction work is expected to be completed by end of October 2020.

The Project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above contracts.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1064344

Posted by Patrick13 > 2018-06-06 20:08 | Report Abuse

Researcher house and analysts are seriously underestimate construction counter including Kimlun.

Posted by tayboonchee > 2018-06-08 15:54 | Report Abuse

why suddenly drop?