GEORGE KENT (M) BHD

KLSE (MYR): GKENT (3204)

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Last Price

0.47

Today's Change

-0.01 (2.08%)

Day's Change

0.465 - 0.475

Trading Volume

292,400

Overview

Market Cap

265 Million

NOSH

563 Million

Avg Volume (4 weeks)

640,027

4 Weeks Range

0.45 - 0.50

4 Weeks Price Volatility (%)

40.00%

52 Weeks Range

0.42 - 0.62

52 Weeks Price Volatility (%)

25.00%

Previous Close

0.48

Open

0.475

Bid

0.47 x 14,700

Ask

0.475 x 25,900

Day's Range

0.465 - 0.475

Trading Volume

292,400

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#3] | 27-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 31-May-2024

T4Q P/E | EY

-28.59 | -3.50%

T4Q DY | Payout %

3.45% | 0.00%

T4Q NAPS | P/NAPS

0.93 | 0.51

T4Q NP Margin | ROE

-6.36% | -1.77%

Market Buzz
Company Profile

Sector: CONSTRUCTION

Sector: CONSTRUCTION

Subsector: CONSTRUCTION

Subsector: CONSTRUCTION

Description:

George Kent is an engineering company involved in manufacturing, trading, and investment, development of services development of water infrastructure projects and provision of construction services. Its core businesses are in the water and construction industries. The company exports its products to Singapore, Thailand, Vietnam, Myanmar, Cambodia, Indonesia, Philippines, Papua New Guinea, Australia, Hong Kong, Sri Lanka, Kenya, South Africa, South America and the United Kingdom.

Discussions
15 people like this. Showing 50 of 18,204 comments

Mini2021

This glove counter no up? not in EPF list...pity

2023-12-18 13:35

YT8170C

no pity, bossku is no more

2023-12-21 16:10

Mini2021

HSR coming ....

2023-12-24 23:52

Icon 888

Hsr next week

2023-12-27 01:20

gkent2000

Miss the Satu Malaysia moment. Ha

2024-01-08 15:57

Icon 888

Wtf

2024-01-22 12:03

Icon 888

Eat viagra..

2024-01-23 14:41

Mini2021

TP RM 1 June 2024...

2024-01-23 23:16

gkent2000

Why RM1 in June? 😅

2024-01-26 16:11

Bull13

Surprise announcement on HSR next week?

2024-01-27 22:45

Bull13

In 2018, GK made this announcement..
George Kent (M) Bhd and four multinational companies — Siemens AG, Alstom, Ferrovie dello Stato Italiane SpA and PORR AG, have formed a consortium to bid for the Kuala Lumpur (KL)-Singapore high-speed rail (HSR) project.

2024-01-27 22:45

Bull13

G KENT now moving up with increased volume. Is there an impending announcement by G KENT/JOHAN on HSR??

2024-01-30 14:54

captainjack

jib gor might pardon later

2024-01-30 14:58

ncy810116

nice...

2024-01-30 15:55

xuxu

fake news hehe

2024-01-30 16:04

Santiago

Not a fake news but Utusan forced to retract the news as they didnt wait for official announcement before publishing the news. So they retracted the news.

2024-01-30 17:47

Bull13

KUALA LUMPUR (Jan 30): Two counters linked to Tan Sri Tan Kay Hock, namely Johan Holdings Bhd and George Kent (M) Bhd, saw their respective share prices hit a one-year high during Tuesday’s trading session.

Johan, which was barely traded with a two-month average volume of 467,500, emerged among the most active stocks on Bursa Malaysia after Tuesday’s noon break. It saw a total of 41.2 million shares change hands, its highest since August 2021.

The counter recorded its one-year high at 8.5 sen during Tuesday’s trading session, before closing at 7.5 sen — still up by 1.5 sen or 25% from its previous closing price of six sen. At 8.5 sen, the group is valued at RM87.6 million.

Branded Image
Branded
KPJ Healthcare: Leveraging technology to enhance patient-centricity
Since being appointed President and Managing Director of KPJ Healthcare Bhd in September 2023, Chin Keat Chyuan says his journey has been profound, especially in his engagements with hospitals and clinicians across Malaysia.

Meanwhile, George Kent saw its share price close at 58 sen, up seven sen or 13.5%, on Tuesday. The counter hit 62 sen, its highest over the last one year. Volume shot to 29.1 million shares — a four-year high — during the day.

At 58 sen per share, George Kent is valued at RM323.67 million.



While there are no announcements made by George Kent that could warrant the spike in its share price, it could be fuelled by rumours that its largest shareholder Tan is looking at options that could address the issue of losses at its associate companies.

Tan holds a 45.56% stake in George Kent through Kwok Heng Holdings Ltd, Kin Fai International Ltd, Suncrown Holdings Ltd and Star Wealth Investment Ltd, as well as Johan Equities Sdn Bhd.

In the financial year ended March 31, 2023 (FY2023), George Kent made a paltry net profit of RM739,000, compared with RM31.3 million in the preceding financial year. The plunge in profitability was due to the RM18.43 million losses at its associates during the year that George Kent recognised, compared with just RM2.2 million in FY2022.

In the six-month period ended Sept 30, 2023 (1HFY2024), George Kent's share of the losses at associates almost doubled to RM6.3 million, compared with RM3.97 million in the corresponding period, dragging the group's net profit to RM4.2 million. In the corresponding period, the group reported RM15.5 million net profit.

Note that George Kent holds a 40% stake in Dynacare Sdn Bhd, a rubber glove manufacturing company. The group had been awarded a contract to design and build a glove manufacturing plant in Lumut Port Industrial Park, Perak in October 2021 for a contract price of RM686.5 million.

However, the contract was revised on March 31, 2023 to limit the scope of works for design, construction, completing, testing and commissioning for up to six double formers lines for a total sum of RM187.3 million in accordance with Dynacare’s decision to have six lines under Phase 1.

Johan holds a 60% stake in Dynacare. Tan is also the largest shareholder of Johan with a 60.67% stake.

Besides manufacturing water meters, George Kent is said to still be eyeing a slice of the country’s rail developments. Recall that George Kent was a partner in the Light Railway Transit 3 (LRT3) project between 2015 and 2021.

A slew of rail infrastructure projects are being planned by the government including the Klang Valley Mass Rapid Transit Line 3, the Penang LRT, the proposed Johor Bahru LRT as well as the Kuala Lumpur-Singapore high speed rail.

Edited ByKamarul Azhar
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2024-01-30 21:25

Mini2021

RM 1 by June 2024

2024-01-30 22:56

Mini2021

Najib will be out soon... TP RM 1 easily achievable...

2024-01-31 07:24

Sweetchocalates

Heard that it's partial pardon? Like reduced sentencing only.

2024-01-31 11:40

speakup

Najib sentence should be Doubled for wasting Court's time!

2024-01-31 12:36

sohaitrader

buy on rumors sell in news... now rumors just come out.. news come out later every time price go lower just grab it ... big boy oredy come in...goreng goreng ..chase high sure die for this stock ...

2024-02-01 15:38

Squirtle

Wat news make it go 62c?

2024-02-02 10:09

gkent2000

Jib gor will be back in 2028 😁

https://www.malaysiakini.com/news/695122

2024-02-02 17:25

el1t3man

haha buy and keep until 2028?

2024-02-06 16:18

SBcoffee

Keep dreaming

2024-02-06 16:51

Icon 888

Day dreaming..

2024-02-14 16:45

SBcoffee

Believe in your dream, hold till 2028

2024-02-15 17:47

gkent2000

Trust your dream that Jib gor will turn the tide

2024-02-19 16:59

Icon 888

See u 2028

2024-02-20 18:30

Icon 888

Come See next 4 years

2024-02-21 14:32

gkent2000

may be got 'white knight' will save GKENT in coming months 😁 Who knows, anything can happen 😃

2024-02-26 16:09

YT8170C

Haha where is white knight??

2 months ago

Icon 888

Why need white knight?? Company masuk pn17 ke

2 months ago

gkent2000

Not necessary masuk pn 17 baru need white knight lo

2 months ago

el1t3man

buy & wait for bossku to come out 🤣

2 months ago

Noni

Rindu masa Bossku....

2 months ago

gkent2000

Bossku will balik in 2028 with whiter hair. Be patient 😁

1 month ago

el1t3man

can go visit bossku if rindu

1 month ago

gkent2000

Good idea, el1t3man. Bring some ketupat to him also

1 month ago

birkincollector

might goreng soon, PMX seem to just confirm house arrest is on the card

1 month ago

gkent2000

Then Jib got will be out of the cell before 2028?

1 month ago

gkent2000

Will Gkent turn green in the next QR 😁

3 weeks ago

gkent2000

Heard that it will show green result this month end

1 week ago

gkent2000

50 cents, 50 cents is coming

1 week ago

Icon 888

50cent.. I give u la

1 week ago

Icon 888

Digital ..

5 days ago

Icon 888

Digital - data centre

4 days ago

AnaiAnai

Can buy now? Can get green QR in this month?

1 day ago

gkent2000

If you think it can turn green, then buy lor, AnaiAnai

23 hours ago

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