KELINGTON GROUP BERHAD

KLSE (MYR): KGB (0151)

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Last Price

3.09

Today's Change

+0.07 (2.32%)

Day's Change

3.03 - 3.13

Trading Volume

2,478,800

IPO Info
File Name: KELINGTON-Page 101 to Page 300 (2.4MB).pdf Download
Discussions
18 people like this. Showing 50 of 6,139 comments

OTB

Look for Goldberg's posting in this forum.
Click on Goldberg, look for Threads.
All his postings will appear.
Thank you.

3 weeks ago

Augustine

KGB is riding with semiconductor recovery

3 weeks ago

OTB

The FBMKLCI closed at 1,589.59 on 3/5/2024 which is at 2 years high compared against 1,582.98 closed on 5/5/2022.
The mini bull in KLSE has started in 2024.

Semiconductor related stocks will perform very well in 2024/5.

Good luck.
Thank you.

3 weeks ago

OTB

No candle loses its light while lighting another candle.
Never stop sharing, caring and helping others, because it makes our life more meaningful.
Thank you.

3 weeks ago

SEE_Research

Post removed.Why?

3 weeks ago

OTB

The share price of KGB breaks new high.
Q1 2024 result will be released in May 2024.
Hope Q1 2024 result must be very good. At least the PAT must grow > 20%.
Good luck.
Thank you.

2 weeks ago

troy88

Fantastic. As expected knocking on the door RM3

2 weeks ago

gohkimhock

i still maintain my price target of RM3.50 but will revise it upwards depends on the quarterly earnings. 2nd half of 2024 will be very important as it additional revenue will start to kick in..

2 weeks ago

troy88

Yes 3.50 should not be a problem. KGB still has room for strong growth..

2 weeks ago

OTB

The share price of KGB breaks a new high.

I believe the quarter result of KGB to be released in May 2024 will be very good.

I believe the share prices of KGB will move up north very fast if the quarter result to be released is very good.

I prefer to buy KGB-WB because this warrant is still trading at a discount.
The expiry of KGB-WB is still 2 years away, no reason to trade at a discount.
By right, it should trade at a premium of 10%.

Good luck.
Thank you.

2 weeks ago

OTB

Hope the share price of KGB can cross 3.00 convincingly today.
Good luck.
Thank you.

2 weeks ago

dawchok

Hope so. and Thank you for the positive energy

2 weeks ago

Cakes Moon

Once result out, Kgb potentially RM4.20!!!

2 weeks ago

dawchok

Then “Jiak Beh Liao” loh

2 weeks ago

gooman

TSMC’s April Sales Jump 60% on Sustained Demand for AI Chips

Results signal a recovery in the consumer electronics sector
TSMC’s board approved a cash dividend of NT$4 per share
https://www.bloomberg.com/news/articles/2024-05-10/tsmc-keeps-sales-growth-up-in-april-as-ai-drives-60-jump?embedded-checkout=true

2 weeks ago

SEE_Research

Post removed.Why?

2 weeks ago

waorangsiam

wah.. latest tp 3.5 already. not bad. gogogo

2 weeks ago

LonePos

Whoa, still can go. TP 3.50? Really?

2 weeks ago

Cakes Moon

Of course!!!
Dare to dream big, RM4.20 once result out!!!

1 week ago

syuraizat

They plan for share buy back in June. EPS will probability improve for 3rd quarter result

1 week ago

OTB

The share price of KGB breaks a new high.
Insiders should know that Q1 2024 result will be very good.
They buy first before the result.

I believe the quarter result of KGB to be released in May 2024 will be very good.

I believe the share prices of KGB will move up north very fast if the quarter result to be released is very good.
Hope that the share price will break 3.00 convincingly today.

I prefer to buy KGB-WB because this warrant is still trading at a discount.
The expiry of KGB-WB is still 2 years away, no reason to trade at a discount.
By right, it should trade at a premium of 10%.

Good luck.
Thank you.

1 week ago

waorangsiam

everytime this guy come, kgb will up more and get new high. u r welcome here

1 week ago

waorangsiam

maybe bcoz of ur energy, toxic to urself and beneficial to others. good job!

1 week ago

SEE_Research

AmInvest
Publish date:
Fri, 10 May 2024, 09:43 AM


Kelington Group

may trend higher after it broke above the RM2.80 resistance and hit a new 52-week high a few sessions ago.

With the 20-day EMA remaining above the 50-day EMA since a bullish crossover in late November 2023,
we believe the uptrend may persist in the near term.


A bullish bias may emerge above the RM2.80 level with stop-loss set at RM2.58, below the 50-day EMA.

Towards the upside, near-term resistance level is seen at
( i ) RM3.20,
WB = RM 1.82 to RM 1.90
( ii ) followed by RM3.50.
WB = RM 2.12 to Rm2.20
Entry : RM2.80–2.91

Target : RM3.20, RM3.50

1 week ago

troy88

Powering to RM3+ and beyond..

1 week ago

dawchok

Sikit sikit naik, jadi Bukit

1 week ago

OTB

KGB- WB is still trading at a discount, it should not be the case.
The expiry of KGB-WB is still 2 years away, no reason to trade at a discount.
By right, it should trade at a premium of 10%.
KGB-WB still have more room to move up.
Good luck.
Thank you.

1 week ago

klee

Congrats Mr OTB.
Dnex is also moving up.Many thanks to Biden.

1 week ago

waorangsiam

so tempting to take profit @@

1 week ago

waorangsiam

even though it seems might be wrong

1 week ago

Leonggg

KGB is the best

1 week ago

Cakes Moon

Financial report scheduled to release today must be super good!!!
RM4 by end of May!!!

1 week ago

multi-bagger

fingers crossed

1 week ago

dawchok

Good name

6 days ago

Permutation

super good Qtr results anticipated

6 days ago

Goldberg

Kelington Group - A New Turning Point; Keep---- BUY

Date: 21/05/2024

Source : RHB-OSK. Price Target : 3.35


Kelington Group trades at an undemanding 20x FY25F EPS (-1 SD to KLTEC Index’s 5-year mean), supported by an outstanding orderbook of MYR1.3bn.

RHB upgraded the technology sector to OVERWEIGHT from Neutral on 1 April. We are of the view that the chip sector is in the early days of a new upcycle. The positive view is premised on: i) An uptick in global semiconductor sales, ii) inventory corrections hitting a trough, and iii) strong smartphone-related orders and AI-led component demand. KGB’s unique position as a hook-up contractor for key foundries in China and Singapore puts it in an enviable position to benefit from the sector’s renewed tailwinds.

We expect double-digit YoY growth momentum in revenue/core earnings to continue in 1Q24, supported by the robust ultra-high purity (UHP) progress billings with some seasonal effects (higher base in 4Q23) from the Lunar New Year period. We expect overall GPM to stay at mid-double digit as UHP projects continue to make up the lion share of revenues (4Q23:74%, 4Q22: 72%). This is on top of the rapidly growing higher yielding industrial gas business with the second LCO2 site (70,000 tonnes) coming on stream.

US tariffs on China – a boon for Asia. The recent doubling of tariffs on China semiconductor imports from 2025 was an extension of the US hard line policies implemented during the Trump administration. We see this as further strengthening Malaysia’s attractiveness as an alternative supply chain hub under the China Plus One (C+1) strategy. This should augur well for KGB, being the preferred hook-up and commissioning specialist for most Singapore wafer foundries and existing foundries in Malaysia. KGB’s timely expansion into Germany is also expected to gain traction amid the US-China geopolitical tension.

4 days ago

SEE_Research

K G B / 0151

1. K G B / 0151

Is super AAA Grade stock for 2024 ; 2025

4 days ago

SEE_Research

To : All

From : SEE _Research
issued on 5.15 pm., 23 May 2024 / Thursday

The above pic shows on the K G B

A. Closed 5.00 pm., 23 May 2024 /
Thursday ___

KGB
A. Mother share RM 3.04 / + RM 0.01

B. WB RM 1.63 / + RM 0.03
To take note : today / 23 May 2024
High of the day
High of the 52 weeks = RM 1.63

C. CH = RM0.15 / no trade
D. CG = RM 0.195 / unchanged
E. CF = RM 0.28 / no trade
F. C E = RM 0.31 / no trade

================================================================

================================================================

Remarks

A. To take note
The last minute / 4.45 pm.,
23 May 2024 / Thursday

( i ) buying on the mother share to close on day high of RM 3.04 ( + RM 0.01 )


( ii ) buying on the WB
share to close on day high
of RM1.63
( + RM 0.03 )
( 52 weeks high )

================================================================

Highlight

1. Many market participants are anticipating good financial quarter ;
expecting to announce soon by
24 May 2024 / Friday ______
after 5.01pm _____
that will spur the share prices higher for the mother share & in union WB __

TO NEW HIGH TARGET PRICES FOR
( i ) MOTHER RM 3.50 ABOVE

( ii ) WB = RM 2.10 ABOVE

4 days ago

Cakes Moon

KGB reported a stellar result, 53.3% improvement YoY!!!
Dividend again 2 cents per share, quarterly payout, money printing machine!!!
Hoseh ah!!!

3 days ago

gohkimhock

the 2QFY24 is the one that i am looking forward to. This quarter is considered within expectations as the revenue and earnings are still above RM300m and RM20m respectively. The interim dividend is most welcomed..

3 days ago

cgtan2020

Q1 is seasonal low but already hit 25M PAT, FY2024 PAT will be above 100M. strong FCF.

3 days ago

troy88

Yes, considered good QR for low season quarter. Still strong..

3 days ago

2Invest

Good to see KGB's business continue to grow & financially improve.

Happy investing to all investors here

3 days ago

SEE_Research

To : All

From : SEE _Research issued on
2.30 am., 25 May 2024 / Saturday

Revised upwards on
Target Prices

A. K G B / mother share
RM 4.10

B. K G B WB
RM 2.70 to RM 2.80

================================================================

Kelington Group -
Spotless Earnings Track Record

Date:
2024-05-24

Firm:
KENANGA

Stock:
KGB

Price Target:
4.10

Price Call:
BUY

Last Price:
3.02

Upside/Downside:
+1.08 (35.76%)

KGB’s 1QFY24 results met expectations. Its 1QFY24 net profit jumped 54% buoyed by high-margin UHP projects and maiden contribution from its second LCO2 plant.

We foresee significant job wins in 2HCY24.

We foresee significant job wins in 2HCY24.

We foresee significant job wins in 2HCY24.


We keep our forecasts but raise our
TP by 21% to RM4.10 (from RM3.40)

and reiterate our OUTPERFORM call.

KGB remains one of our sector top picks.

KGB’s 1QFY24 net profit of RM24.9m (+54% YoY) accounted for 24% of our full-year forecast and 21% of market consensus.

We deem the results within expectation as 1Q is KGB’s seasonally weakest quarter.

YoY, KGB’s 1QFY24 revenue rose 9.8% on the back of robust project deliveries across all the operating markets.

Geographically, revenue recognition from Malaysia (c.45% of group revenue) grew 6.4% while China (c.31% of group revenue) trended 128% higher as momentum picked up among China’s wafer fab expansion.

This helped to offset weaker showing from its Singapore operation (c.21% of group revenue) which fell 32%.

Its net profit jumped by a sharper 54% due to:

(i) higher proportion of UHP jobs delivered, and

(ii) greater contribution from its industrial gas (yielding twice higher GP margins compared to other segments) as its second LCO2 plant came online, leading to higher net profit margin of 7.3% (vs. 5.2% in 1QFY23)

QoQ, its 1QFY24 revenue fell 29% while net profit shrank 30% as 1Q is seasonally its weakest quarter.

It is worth noting that the top line of its industrial gas segment rose 17% due to the commencement of its second LCO2 plant which enjoyed a healthy take up rate.

Outlook.
We expect sustained strong performance from KGB underpinned by substantial increase in higher-margin UHP jobs, representing >70% of its outstanding orders (vs. c.60% in FY23).
The group has secured RM235m jobs up to 31 Mar 2024, bringing its total outstanding order book to RM1.25b.

We are sanguine that the group will be able to secure at least RM1b worth of higher-margin orders in FY24 (vs. RM1.1b in FY23) backed by:

(i) more wafer fab expansion in Singapore slated to take place from 3Q onwards, and

(ii) China’s ambitious plans to increase its semiconductor fabs by 60% in three years for domestic consumption and double the capacity in five years, according to TendForce.

Forecasts. Maintained

Valuations.

We lift our TP by 21% to RM4.10

(from RM3.40) based on an unchanged 21x PER pegged to a rolled-forward earnings base of FY25F (from FY24F). Our valuation represents a c.10% discount to peer’s forward mean PER of 24x which includes global players such as Air Products, Air Liquide and Linde. There is no adjustment to our TP based on ESG given a 3-star rating as appraised by us (see Page 4).

Investment case.

We like KGB for:

(i) it being a direct proxy to the front-end wafer fab expansion,

(ii) its strong earnings visibility underpinned by robust order-book and tender-book exceeding RM1b, and (iii) its strong footholds in multiple markets, i.e. Malaysia, Singapore and China. Maintain OUTPERFORM.

Risks to our call include:
(i) a slowdown in wafer fab investment,

(ii) worsening Sino-US chip war, and

(iii) low utilisation of its LCO2 plants.

Source: Kenanga Research
- 24 May 2024

2 days ago

troy88

Kenanga TP RM4.10 achievable by end of this year..

8 hours ago

Ravi Kumar

My 3rd most profitable stock

5 hours ago

Ravi Kumar

Bro, calvinteng the fish seller missing wakakakaka. Still warming eggs with Jtiasa

SEE_Research

5 hours ago

bryan1704

Did RHB revise its TP today from 24th - now RM3.85

44 minutes ago

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