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
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

NeverLie

first phase contract was awarded to kgb, second phase...?

1 month ago

gohkimhock

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

chai2145

hope KGB will get new contract soon.

1 month ago

Cakes Moon

Patiently waiting for the announcement of KGB's financial result! 😃

1 month ago

chai2145

will be good?

1 month ago

Augustine

It will beat last quarter's performance

3 weeks ago

dawchok

KGB higher TP at RM3.90 by RHB

https://www.klsescreener.com/v2/news/view/1375151

3 weeks ago

Augustine

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

Goldberg

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

bryan1704

Results out guys, Revenue down from prev quarter but PAT & EPS up 30+%

2 weeks ago

bryan1704

any thoughts on how the share will perform tomorrow?

2 weeks ago

gohkimhock

means KGB is on the right track as a growing company. The revenue is still within expectations.

2 weeks ago

gohkimhock

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

multi-bagger

operating cash flow is strong, receivables down quite a bit. I guess Calvin won't come to make noise here anymore

2 weeks ago

Augustine

Superb results. Tomorrow will open high and then shoot up

2 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!!!

2 weeks ago

multi-bagger

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

2 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

2 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)

2 weeks ago

Augustine

What happened ? Local funds took profit ... ?

2 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

2 weeks ago

gooman

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

1 week ago

fortunefire

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

1 week 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?

1 week 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.

1 week ago

gohkimhock

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

mf

sell

1 week ago

supertrader1

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

1 week ago

multi-bagger

market irrationality

1 week 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.

1 week ago

Augustine

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

1 week ago

supertrader1

I think should be rebound soon, i too start collecting

1 week 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?

1 week ago

bryan1704

sorry, meant "fund manager"

1 week ago

gohkimhock

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

1 week 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.

1 week ago

supertrader1

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

1 week 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!!!

1 week ago

multi-bagger

fund supporting share price

1 week ago

gohkimhock

Fund manager Abrdn 狂掃貨.. 😯

1 week ago

Cakes Moon

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

1 week ago

SALAM

Foreign Fund nibbling up from weak holders

1 week ago

Augustine

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

1 week ago

bryan1704

I am😀

1 week ago

SALAM

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

1 week ago

multi-bagger

whack some WB, higher percentage gain🚀🚀

1 week ago

Cakes Moon

All in KGB, new uptrend confirmed!!!

5 days ago

Augustine

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

3 days 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 😂

3 days ago

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