KELINGTON GROUP BERHAD
KLSE (MYR): KGB (0151)
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Last Price
3.21
Today's Change
+0.09 (2.88%)
Day's Change
3.17 - 3.24
Trading Volume
510,400
News and Blogs
Discussions
20 people like this. Showing 50 of 6,325 comments
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
4 weeks ago
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)
4 weeks ago
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
Nomura cuts Chinese stocks to fund Indonesia, Malaysia switch - https://theedgemalaysia.com/node/724209
3 weeks ago
anything can happen in the stock market. forget about the fundamentals for now. just hoot.
3 weeks ago
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
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
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
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
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
I further accumulated some at RM2.92~RM2.95 today, taking my average cost up to RM1.93
3 weeks ago
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
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!!!
3 weeks ago
Dead cat rebounce for Merdeka?
Take profit for my Kgb-WB, will stay monitor until market more stable~
3 weeks ago
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 😂
2 weeks ago
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
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
Meaning the current level of earning can be sustained and so to the valuation of KGB.
1 week ago
EPF is a new substantial shareholder, good news. Funds have the financial muscle to push KGB to new heights!
1 day ago
【行家论股】科艺集团 UHP订单撑前景 https://www.klsescreener.com/v2/news/view/1394617
New TP RM4.16 by Kenanga
17 hours ago
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profit recognition from construction segment tends to be lumpy, have patience
4 weeks ago