KELINGTON GROUP BERHAD

KLSE (MYR): KGB (0151)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

3.12

Today's Change

+0.12 (4.00%)

Day's Change

2.98 - 3.13

Trading Volume

2,935,200

Meeting


Ann. Date Date Time Type Venue View
Discussions
20 people like this. Showing 50 of 6,323 comments

Augustine

Superb results. Tomorrow will open high and then shoot up

4 weeks ago

Cakes Moon

Where got superb?
I can see that all sectors of the business drop significantly, only industrial gas business going up.
Terrible!!!

3 weeks ago

multi-bagger

profit recognition from construction segment tends to be lumpy, have patience

3 weeks ago

NeverLie

Revenue dropped due to most projects came to an end, nothing to be surprised of, more high margin UHP projects coming, order book will breach 1.2b this year

3 weeks ago

calvintaneng

please do think very carefully


see two macro picture


1. In Peninsular (West Malaysia )

there is a 52% diesel price rise

as such all industries will be impacted by a corresponding rise of 5% to as high as 30%

these will see higher cost

1. property
2. construction
3. construction material
4.logistic that send goods by lorry or ships

5. consumer food and drink which are bulky

6. Toll road owners
as lorries now see higher operation cost by 52% they will make less trip so less collections from till


others




2. By Nov 2024 if Trump gets elected he will impose 10% tariff (tax) for all and for China it will be 60% tariff

so all industries related to export to USA will be hit

two things will hit all


a universal price rise caused by rise of diesel 52%

a universal tariff by USA from 10% to 60%


that is why it is of utmost safety to go invest in East Malaysia stocks which got no 52% diesel rise there

and palm oil export is more to India and China (not USA)

3 weeks ago

Augustine

What happened ? Local funds took profit ... ?

3 weeks ago

gooman

Stocks Rally as Powell ‘Locks In’ a September Cut: Markets Wrap

Powell says ‘time has come’ for Fed to cut interest rates
Traders pricing over 100 basis points of Fed easing this year
https://www.bloomberg.com/news/articles/2024-08-22/stock-market-today-dow-s-p-live-updates?embedded-checkout=true

3 weeks ago

gooman

Nomura cuts Chinese stocks to fund Indonesia, Malaysia switch - https://theedgemalaysia.com/node/724209

3 weeks ago

fortunefire

anything can happen in the stock market. forget about the fundamentals for now. just hoot.

3 weeks ago

abellimp101

gohkimhock, thats what i think too. From their last report they did mention that some works are at completion and in transition to new projects so the lower quarter. But i think most traders prefer to switch to faster growing stock base on their QR. This probably means that unless there is external catalyst news in semicon (perhaps NVIDIA result) this counter should remain bearing until next QR. As for me i think this counter has alot of growth opportunity in 2H 2024 - 2025, but like they say a good company doesnt mean a good investment, its only a good investment if bought at the right price. so DCA perhaps?

3 weeks ago

OTB

Malaysian Ringgit is strengthening against other major currency especially USD is a good news to Malaysian stock market.
The Malaysian export increased by 12.3% in July 2024 compared against July 2023.
The GDP growth for Q2 2024 is 5.9%.
The foreign funds were net buyers accounted for RM 1.693 billion from 16/8/2024 to 22/8/2024.

All these news will attract foreign investors to invest in KLSE.
These news will make our KLSE into a bull market.

However, based on TA, technology index is bearish.
If the Federal Reserve reduces interest rate in September 2024, the reduction in interest rate will benefit technology stocks.
I believe the correction in technology stock is at the tail end, just be a bit patience to wait.
Bull market will come soon.

I believe the Federal Reserve will reduce interest rate in September 2024.
Please note that I have done an analysis on KLSE performance after the Federal Reserve reduced interest rate in 2001 and 2007.
KLSE performed very well after the Federal Reserve reduced interest rate in 2001 and 2007. Hence I believe KLSE will be in a bull market after September 2024.

Good luck.
Thank you.

3 weeks ago

gohkimhock

Federal Reserve will reduce the interest rate. That's for sure. I listened to Jerome Powell's live speech few days ago.

3 weeks ago

mf

sell

3 weeks ago

supertrader1

Keep dropping since qtr result announced with dividend, what happened?

3 weeks ago

multi-bagger

market irrationality

3 weeks ago

gohkimhock

Frankly speaking, if you were to ask me, I don't see anything wrong with the quarterly results. Revenue are still above the RM300 mil mark. The net profit posted was very nice. Almost 40% increase. Check back the history and you will know this is the 3rd best quarterly results ever. KGB is on the right trajectory and poised for further growth.

3 weeks ago

Augustine

Markets are irrational. Still, I will buy when the price falls back

3 weeks ago

supertrader1

I think should be rebound soon, i too start collecting

3 weeks ago

bryan1704

From today's Bursa annoucement, sounds manager Abrdn plc acquired a near 5% stake in KGB last week... am I seeing this right?

3 weeks ago

bryan1704

sorry, meant "fund manager"

3 weeks ago

gohkimhock

I further accumulated some at RM2.92~RM2.95 today, taking my average cost up to RM1.93

3 weeks ago

OTB

Posted by bryan1704 > 2 hours ago | Report Abuse

From today's Bursa annoucement, sounds manager Abrdn plc acquired a near 5% stake in KGB last week... am I seeing this right?
-----------------
It is a good news.
Thank you.

3 weeks ago

supertrader1

This fund really bought at low price, its good news.

3 weeks ago

Cakes Moon

Market fall 21 points with 900 counters in red!!!
Kgb managed to recover its earlier losses, looks like here is the solid rock bottom price!!!
All in Kgb-WB!!!

2 weeks ago

multi-bagger

fund supporting share price

2 weeks ago

gohkimhock

Fund manager Abrdn 狂掃貨.. 😯

2 weeks ago

Cakes Moon

Dead cat rebounce for Merdeka?
Take profit for my Kgb-WB, will stay monitor until market more stable~

2 weeks ago

SALAM

Foreign Fund nibbling up from weak holders

2 weeks ago

Augustine

Luckily got pick up some at RM2.80 there. Who's with me ? 😋

2 weeks ago

bryan1704

I am😀

2 weeks ago

SALAM

Board the long haul with Aberdeen.....🤗🤗

2 weeks ago

multi-bagger

whack some WB, higher percentage gain🚀🚀

2 weeks ago

Cakes Moon

All in KGB, new uptrend confirmed!!!

2 weeks ago

Augustine

Let's see if can get the price lower than RM2.80 or not 😋

1 week ago

2Invest

Very high chance Augustine.

Dah about to touch moving average 180 hari. 7, 30, 90 semuanya dah pecah.

Once 180/200 hari cecah chances of further downtrend is high.

Get ready with your scoops to scoop bottom 😂

1 week ago

pang72

$2.50 can't sustain will crash like ytlpower

1 week ago

ValueInvestor888

look like KGB has stablised and bottoming

1 week ago

chai2145

There is no announcement

1 week ago

chai2145

?

1 week ago

gohkimhock

The group said none of the projects individually met the materiality threshold for a Bursa Malaysia announcement, and therefore separate disclosures were not required.

1 week ago

dawchok

KGB has secured new contracts totaling RM413mn over the past two months, bringing its total value of contracts secured year-to-date to RM977mn. The expected RM1 bil contract replenishment in 2024 is now literately achieved.

1 week ago

dawchok

Meaning the current level of earning can be sustained and so to the valuation of KGB.

1 week ago

Cakes Moon

KGB is rising!!!

5 days ago

Augustine

Hentam enough at 2.7x & 2.8x there. Let's go up, KGB

5 days ago

gohkimhock

next stop RM3.50

5 days ago

bryan1704

Guys, is EPF the real substantial shareholder behind Abrdn's holdings?

10 hours ago

multi-bagger

EPF is a new substantial shareholder, good news. Funds have the financial muscle to push KGB to new heights!

9 hours ago

bryan1704

Indeed! Hopefully this good news gets picked up by the Edge and our press

6 hours ago

Post a Comment