KINERGY ADVANCEMENT BERHAD
KLSE (MYR): KAB (0193)
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Last Price
0.345
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0.00 (0.00%)
Day's Change
0.34 - 0.345
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19,166,600
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Discussions
4 people like this. Showing 50 of 3,711 comments
Got news Kington is bringing CCP money again into KAB to buy matahari suria. The only on make money is Kington.
1 month ago
Got news Elon Musk is bringing US money again into KAB to invest sustainable energy solutions.
Aiyo if want to create rumors, very easy lah...
1 month ago
Relax., Hold on to your tits.. apparently Kington use many proxies like his family member in KAB already show Kington is trying to hide his shares.
1 month ago
very potential and positive report! good job KAB!!
KAB’S PAT QUADRUPLES FOR 2Q23, SOARING BY 424.0% YoY, ACHIEVING HIGHEST-EVER QUARTERLY PAT
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=224342&name=EA_FR_ATTACHMENTS
1 month ago
The alleged soaring PAT is due mainly to the results of the energy segment:
Sustainable Energy Segment
Revenue (RM’000) 7,653
Segment Result (RM’000) 3,697
The reported segment results for the segment is 48%
Can believe ah?
Solarvest 22-Aug-2023 30-Jun-2023 Rev 143.389M PBT 9.420M
Pekat 22-Aug-2023 30-Jun-2023 Rev 59.45M PBT 4.714M
Everyone is having less than 10% margin.
.
1 month ago
Total term loan and short term borrowings as at Sep 2018 was RM9.192M
Total borrowings has shot up to RM78.393M as at June 2023, an increase of RM69.201M from Sep 2018
If those borrowings were used to purchase energy producing assets, the interests ought to be charged to the energy segment
The entities that are currently producing energy now are Kiev CRG and Dynagen Power
The revenue and PAT for both entities were RM7M and RM1M for the whole year in 2022.
Kiev CRG SB FYE 31-12-2022
Revenue: RM1.161M
PAT: -0.124M
Dynagen Power SB FYE 31-12-2022
Revenue: RM5.843M
PBT: RM1.153M
Is the current energy-producing segment result of RM7.653M revenue and RM3.697M result for 3 months believable?
ROFL
Sep 2018 Financial report
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=202757&name=EA_FR_ATTACHMENTS
June 2023 Financial report
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=224341&name=EA_FR_ATTACHMENTS
1 month ago
Brief Background
§ The Company used to be involved in the M&E segment for property. Company started journey into sustainable energy solutions (“SES”) in 2018 and begun its transformation and diversification into SES.
§ One of the largest SES projects secured thus far is the construction contract awarded by Petronas Gas in early 2023, amounting to RM230m. This includes the EPCC work for a 52 MW gas power plant in Sabah
§ The gas power plant is expected to be the sole source of energy supply to Petronas’s upcoming floating LNG, slated to be Sabah’s first nearshore natural gas facility with minimum capacity of 2.0m tonnes p.a.
§ As part of the arrangement, KAB will also subscribe to a 10% stake in the plant.
§ To date, the Company provides a wide range of alternative sustainable energy solutions which includes:
- Energy saving solutions (chiller optimisation, building management systems)
- Renewable energy (owns solar assets and looking to acquire mini-hydro and biogas)
- Clean energy (owns waste heat recovery plant, co-generation plant and gas power plant in the future)
§ Total capacity under its assets is approximately 80MW (including new projects)
§ Majority of its concession assets have remaining tenure of more than 10 years and will be able to deliver a reliable stream of sustainable income for the future
Financials Update for 1HFY2023
§ PAT for first 6 months was RM5.9 million, an increase of 380.4% from the first half last year. First half PAT already surpassed the past 3 years annual PAT
§ SES segment was the key driver, recording an increase of 182.6% increase in operating profit to RM6.4 million
§ Operating profit margin for SES segment very healthy at 49%
Prospects
§ Company expects acquisition of its 2 projects, namely its 11MW mini hydroplant in Indonesia and 2.4MW biomas plant in Kedah to be completed in the second half of this year
§ From retail briefing by RHB, other than the 2 upcoming projects expected to be completed they still have more SES projects in the pipeline as their net gearing remain low at 0.17x
§ Orderbook stands at RM193 million and RM785 million for M&E and SES divisions respectively
Conclusion
§ Company’s momentum in SES segment is growing, expect 2HFY2023 to be as strong or stronger, we might be witnessing a new market leader to compete with other renewable energy competitors such as Solarvest, Saimaden
1 month ago
Peguam ‘Scammer’ Kington Tong Kum Loong kini tipu ELSA ENERGY !
https://thecorporate-secrets.com/blog/2023/08/27/peguam-scammer-kington-tong-kum-loong-kini-tipu-elsa-energy/
4 weeks ago
https://theedgemalaysia.com/node/680614
ESG
Malaysia to invest RM13b by 2040 to improve energy efficiency
3 weeks ago
No wonder this counter going down under. https://thecorporate-secrets.com/blog/2023/08/27/peguam-scammer-kington-tong-kum-loong-kini-tipu-elsa-energy/
3 weeks ago
Someone change another account and spread rumor again haha.
Please tell use how did you see this counter going down? Looking upside down?
3 weeks ago
This can be seen from the continuously growing trading volume and some technical analysis.
2 weeks ago
Hamdan was gone 3 weeks ago, and now come another John...huhuhu
Adui just a day’s trading volume drops a bit, miss your dear kington so anxiously meh?
1 week ago
Highest in the past 10 month?🤦🤦🤦 To everyone. Kington pay many cyber trooper in i3. Be careful.
1 week ago
I pity KAB only. If the report were true about Kington. Enforcement need to know. The business community cannot support corporate espionage agenda.
4 days ago
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1 month ago