KINERGY ADVANCEMENT BERHAD

KLSE (MYR): KAB (0193)

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Last Price

0.35

Today's Change

+0.005 (1.45%)

Day's Change

0.325 - 0.35

Trading Volume

24,261,100

Corporate Figure or Shareholder
Discussions
4 people like this. Showing 50 of 3,710 comments

nobodyisland

gogogo. i still wait above 0.485 to hit previous record. :)

1 month ago

Alexks8888

Go above 0.375 soon

1 month ago

Moneymore

Slow and surely

1 month ago

Hamdanxin

Got news Kington is bringing CCP money again into KAB to buy matahari suria. The only on make money is Kington.

1 month ago

tanfooxuan

Got news Elon Musk is bringing US money again into KAB to invest sustainable energy solutions.
Aiyo if want to create rumors, very easy lah...

1 month ago

Mrhunter88

hamdan has run out of ideas to make people panic.create wrong news..

1 month ago

Kakume

haha the best is Jetson below 0.20 now and KAB above 0.35> thanks to Hamsapxin.

1 month ago

tanfooxuan

Quarter Report will come out soon hehe, climb climb climb

1 month ago

Hamdanxin

Relax., Hold on to your tits.. apparently Kington use many proxies like his family member in KAB already show Kington is trying to hide his shares.

1 month ago

tanfooxuan

hahaha rumors again, may I know who is his family member?

1 month ago

Mrhunter88

lupakan hamdanxin to TAN.die hamprak punya orang...

1 month ago

Mrhunter88

QR out today.top profit

1 month ago

tanfooxuan

very potential and positive report! good job KAB!!

KAB’S PAT QUADRUPLES FOR 2Q23, SOARING BY 424.0% YoY, ACHIEVING HIGHEST-EVER QUARTERLY PAT
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=224342&name=EA_FR_ATTACHMENTS

1 month ago

HuatRex1314

Soon

1 month ago

MrsLim

The alleged soaring PAT is due mainly to the results of the energy segment:

Sustainable Energy Segment
Revenue (RM’000) 7,653
Segment Result (RM’000) 3,697

The reported segment results for the segment is 48%

Can believe ah?

Solarvest 22-Aug-2023 30-Jun-2023 Rev 143.389M PBT 9.420M
Pekat 22-Aug-2023 30-Jun-2023 Rev 59.45M PBT 4.714M

Everyone is having less than 10% margin.

.

1 month ago

Moneymore

Those guys are RE EPCC, this guy is Renewable Energy Producer. LOL

1 month ago

MrsLim

Total term loan and short term borrowings as at Sep 2018 was RM9.192M

Total borrowings has shot up to RM78.393M as at June 2023, an increase of RM69.201M from Sep 2018

If those borrowings were used to purchase energy producing assets, the interests ought to be charged to the energy segment

The entities that are currently producing energy now are Kiev CRG and Dynagen Power

The revenue and PAT for both entities were RM7M and RM1M for the whole year in 2022.

Kiev CRG SB FYE 31-12-2022
Revenue: RM1.161M
PAT: -0.124M

Dynagen Power SB FYE 31-12-2022
Revenue: RM5.843M
PBT: RM1.153M

Is the current energy-producing segment result of RM7.653M revenue and RM3.697M result for 3 months believable?

ROFL


Sep 2018 Financial report
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=202757&name=EA_FR_ATTACHMENTS

June 2023 Financial report
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=224341&name=EA_FR_ATTACHMENTS

1 month ago

Hamdanxin

Bogus claim project never lasting.

1 month ago

patrickong

No show?

1 month ago

winsenlim68

Brief Background

§ The Company used to be involved in the M&E segment for property. Company started journey into sustainable energy solutions (“SES”) in 2018 and begun its transformation and diversification into SES.

§ One of the largest SES projects secured thus far is the construction contract awarded by Petronas Gas in early 2023, amounting to RM230m. This includes the EPCC work for a 52 MW gas power plant in Sabah

§ The gas power plant is expected to be the sole source of energy supply to Petronas’s upcoming floating LNG, slated to be Sabah’s first nearshore natural gas facility with minimum capacity of 2.0m tonnes p.a.

§ As part of the arrangement, KAB will also subscribe to a 10% stake in the plant.

§ To date, the Company provides a wide range of alternative sustainable energy solutions which includes:

- Energy saving solutions (chiller optimisation, building management systems)

- Renewable energy (owns solar assets and looking to acquire mini-hydro and biogas)

- Clean energy (owns waste heat recovery plant, co-generation plant and gas power plant in the future)

§ Total capacity under its assets is approximately 80MW (including new projects)

§ Majority of its concession assets have remaining tenure of more than 10 years and will be able to deliver a reliable stream of sustainable income for the future



Financials Update for 1HFY2023

§ PAT for first 6 months was RM5.9 million, an increase of 380.4% from the first half last year. First half PAT already surpassed the past 3 years annual PAT

§ SES segment was the key driver, recording an increase of 182.6% increase in operating profit to RM6.4 million

§ Operating profit margin for SES segment very healthy at 49%



Prospects

§ Company expects acquisition of its 2 projects, namely its 11MW mini hydroplant in Indonesia and 2.4MW biomas plant in Kedah to be completed in the second half of this year

§ From retail briefing by RHB, other than the 2 upcoming projects expected to be completed they still have more SES projects in the pipeline as their net gearing remain low at 0.17x

§ Orderbook stands at RM193 million and RM785 million for M&E and SES divisions respectively



Conclusion

§ Company’s momentum in SES segment is growing, expect 2HFY2023 to be as strong or stronger, we might be witnessing a new market leader to compete with other renewable energy competitors such as Solarvest, Saimaden

1 month ago

HM980805

Hoot9e

1 month ago

haziqaz

Peguam ‘Scammer’ Kington Tong Kum Loong kini tipu ELSA ENERGY !

https://thecorporate-secrets.com/blog/2023/08/27/peguam-scammer-kington-tong-kum-loong-kini-tipu-elsa-energy/

1 month ago

nobodyisland

Habis..

1 month ago

mhisham

Next week atau this week Apakah pp complete?

1 month ago

tanfooxuan

panic oversold, hold tight ya

4 weeks ago

DDNKSAHAM

jauh ambil penumpang di bawah. good kab. haha

4 weeks ago

Jslm123

https://theedgemalaysia.com/node/680614

ESG
Malaysia to invest RM13b by 2040 to improve energy efficiency

4 weeks ago

Johnadami

Kington beng scammer again as the report said.

3 weeks ago

tanfooxuan

Someone change another account and spread rumor again haha.
Please tell use how did you see this counter going down? Looking upside down?

3 weeks ago

tanfooxuan

I can smell big fund is on the way

3 weeks ago

jvw1520

tanfooxuan@ what made you smell that …😙

3 weeks ago

tanfooxuan

This can be seen from the continuously growing trading volume and some technical analysis.

3 weeks ago

Johnadami

Big fund 404. I suspect you bring paid by Kington?

1 week ago

tanfooxuan

Hamdan was gone 3 weeks ago, and now come another John...huhuhu
Adui just a day’s trading volume drops a bit, miss your dear kington so anxiously meh?

1 week ago

Mrhunter88

hamdan,johnadami,murni..same people just becareful....

1 week ago

DDNKSAHAM

Trading Volume increase day by day. Very good Signal to investor

1 week ago

tanfooxuan

Highest trading volume in the past 10 months, gj

1 week ago

Johnadami

Highest in the past 10 month?🤦🤦🤦 To everyone. Kington pay many cyber trooper in i3. Be careful.

1 week ago

Mrhunter88

get dragon fly + bullish hammer candle + high volume...2kali jumaat lagi ni..

1 week ago

YOLOorLOL

Mimpi kah ??

1 week ago

Mrhunter88

bukan mimpi lor...dream come true hahaha.

1 week ago

Johnadami

Kington got his people here.. fly 404. Jangan kena kenceng.

1 week ago

tanfooxuan

Poor hater, all his know only kington kington kington

1 week ago

Johnadami

I pity KAB only. If the report were true about Kington. Enforcement need to know. The business community cannot support corporate espionage agenda.

6 days ago

Mrhunter88

johnadami agenda just want KAB drop only..like jetson...banyak sooo hai la.

6 days ago

mhisham

Bulan 11 last fly.

6 days ago

Mrhunter88

good news tan cun cun....

6 days ago

Johnadami

Nothing much on the article. Its a hope. Nothing solid yet on KAB.

5 days ago

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