KELINGTON GROUP BERHAD
KLSE (MYR): KGB (0151)
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Last Price
2.80
Today's Change
-0.09 (3.11%)
Day's Change
2.80 - 2.89
Trading Volume
983,800
Overview
Market Cap
1,925 Million
NOSH
688 Million
Avg Volume (4 weeks)
2,309,685
4 Weeks Range
2.71 - 3.51
4 Weeks Price Volatility (%)
11.25%
52 Weeks Range
1.46 - 3.71
52 Weeks Price Volatility (%)
59.56%
Previous Close
2.89
Open
2.89
Bid
2.80 x 101,300
Ask
2.81 x 2,000
Day's Range
2.80 - 2.89
Trading Volume
983,800
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2024 [#2] | 21-Aug-2024
Next QR | Est. Ann. Date
30-Sep-2024 | 23-Nov-2024
T4Q P/E | EY
16.19 | 6.17%
T4Q DY | Payout %
2.21% | 35.75%
T4Q NAPS | P/NAPS
0.58 | 4.85
T4Q NP Margin | ROE
7.86% | 29.95%
Market Buzz
2024-09-06
2024-09-06
2024-09-05
2024-09-05
2024-09-03
2024-09-03
2024-09-02
2024-09-02
2024-08-30
2024-08-30
2024-08-30
2024-08-29
News and Blogs
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: INDUSTRIAL ENGINEERING
Subsector: INDUSTRIAL ENGINEERING
Description:
Kelington Group Berhad is engaged in the businesses of
providing engineering services, construction and general trading. The Company
provides Ultra High Purity (UHP) Gas and Chemical Delivery Solutions. The
Company's products and technologies include Gas and Chemical Delivery
Equipment, Orbital Welding, Modeling and Simulation Technology, UHP
Certification and Commissioning Technology, Gas and Chemical Purification and
Abatement Technology, and Metallurgical Knowledge. The Company offers a range
of services, including design and modeling, fabrication and installation,
quality testing and certification, control and instrumentation, and maintenance
and servicing. Its subsidiaries are engaged in trading of machinery equipment
and related parts and components; provision of engineering and consultancy
services; provision of scientific and technical researches, laboratory testing
service and experiments, and supply of fabricated steel structure and
mechanical electrical works.
Discussions
19 people like this. Showing 50 of 6,309 comments
usually the partnership will continue as not to make things difficult for their own engineers to test another supplier's UHP gas.
1 month ago
KGB higher TP at RM3.90 by RHB
https://www.klsescreener.com/v2/news/view/1375151
3 weeks ago
KGB is tendering for two key projects in Germany, potentially valued at RM300 million to RM400 million, which if successful will further bolster its order book 🤗
3 weeks ago
Kelington to deliver another strong quarter on solid order book, says RHB
By Myia S Nair / theedgemalaysia.com
15 Aug 2024,
KUALA LUMPUR (Aug 15): RHB Research expects Kelington Group Bhd (KL:KGB) to deliver another quarter of strong earnings, on the back of a solid order book.
“We expect the strong year-on-year/quarter-on-quarter growth in revenue and core earnings to continue, supported by a solid RM1.3 billion order book (as of end-March) and favourable product mix”, RHB said in a note on Thursday. KGB is slated to announce its results for the second quarter ended June 30, 2024 (2QFY2024) on Aug 21.
“We gather that new job wins exceeded RM500 million in the first half ended June 30, 2024 (1HFY2024), with the majority coming from China, where tenders were aplenty," RHB added.
3 weeks ago
means KGB is on the right track as a growing company. The revenue is still within expectations.
2 weeks ago
Despite the decline in revenue in 2Q2024, gross profit increased by 21%, rising from RM46.0 million in 2Q2023 to RM55.5 million. This significant improvement in the gross profit margin, which increased to 17.3% from 10.8% in 2Q2023, was primarily driven by changes in revenue composition and a favorable project mix, as well as the contribution from industrial gases division. Additionally, PBT and PAT for the current quarter showed robust growth, each expanding by 34% compared to 2Q2023.
2 weeks ago
operating cash flow is strong, receivables down quite a bit. I guess Calvin won't come to make noise here anymore
2 weeks ago
Where got superb?
I can see that all sectors of the business drop significantly, only industrial gas business going up.
Terrible!!!
2 weeks ago
profit recognition from construction segment tends to be lumpy, have patience
2 weeks ago
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
2 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)
2 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
2 weeks ago
Nomura cuts Chinese stocks to fund Indonesia, Malaysia switch - https://theedgemalaysia.com/node/724209
1 week ago
anything can happen in the stock market. forget about the fundamentals for now. just hoot.
1 week 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?
1 week 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.
1 week ago
Federal Reserve will reduce the interest rate. That's for sure. I listened to Jerome Powell's live speech few days ago.
1 week 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.
1 week ago
From today's Bursa annoucement, sounds manager Abrdn plc acquired a near 5% stake in KGB last week... am I seeing this right?
1 week ago
I further accumulated some at RM2.92~RM2.95 today, taking my average cost up to RM1.93
1 week 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.
1 week 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!!!
1 week ago
Dead cat rebounce for Merdeka?
Take profit for my Kgb-WB, will stay monitor until market more stable~
1 week 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 😂
3 days ago
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first phase contract was awarded to kgb, second phase...?
1 month ago