Tguan is lack of corporate exercise.

Outstanding as at 17 April 2017 was RM263 million after included the contract worth SGD7.67 mil from Givaudan.

Outstanding as at 3 March 2017 was RM214 million.

Please be alerted.

The termination of the TRX City Sdn Bhd and IWH CREC Sdn Bhd deal in relation to the Bandar Malaysia development here on Ekovest's activities.

Iskandar Waterfront Holdings Bhd (IWH), which owns a 60% equity interest in IWH CREC, is the flagship of tycoon Tan Sri Lim Kang Hoo, who also holds a controlling 32% stake in Ekovest.

The lost deal indirectly raises uncertainties on Ekovest's concessionaire for the Setiawangsa — Pantai Expressway (formerly known as the DUKE Phase-3) that would connect to Bandar Malaysia.

KGB Flying High in 2017 (Update)

https://klse.i3investor.com/blogs/kgbhigh/121940.jsp

Based on TA

Target price: 0.87
Cut loss: 0.53

KGB Flying High in 2017

https://klse.i3investor.com/blogs/kgbhigh/121940.jsp

CURRENT UPTREND OF SEMICON BENEFIT KGB.

KGB EXISTING CLIENTS CONSISTS SEMICON AND HIGH TECH MANUFACTURER.

March world semicon sales nearly US$31b, highest since October 2010. 3 May 2017.


http://www.thestar.com.my/business/business-news/2017/05/03/march-world-semicon-sales-nearly-us$31b-highest-since-october-2010/

New high, potential uptrend

Construction, banking stocks still have legs to run — analysts

http://www.theedgemarkets.com/article/construction-banking-stocks-still-have-legs-run-%E2%80%94-analysts

2 May 2017
RHB Retail Research / Market Dateline


Kelington Group’s upside move may persist after it continued holding above the rising 21-day SMA line.

Yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from 14 Apr’s “Hammer” pattern.

A bullish bias may appear above the MYR0.62 level, with an exit set below the MYR0.53 threshold.

Towards the upside, the immediate resistance level is seen at MYR0.80.

This is followed by the MYR0.85 level.

AT RM0,85, FORWARD PE ONLY AT 10.

*RHB♦Investment Bank Bhd
Dear My Valued Client,
Potential stocks to buy today:
Date/日期 : 2/5/2017

1) *KGB (0151)*
Price/现价 : 0.63
Target price/目标价: 0.80/0.85
Cut loss/止损价 : 0.53
**Syariah
Sector/领域: Trading/Services

2) *RGB (0037)*
Price/现价 : 0.33
Target price/目标价: 0.36/0.40
Cut loss/止损价 : 0.28
**Non Syariah
Sector/领域: Trading/Services

3) *MPHBCAP (5237)*
Price/现价 : 1.78
Target price/目标价: 2.00/2.18
Cut loss/止损价 : 1.64
**Non Syariah
Sector/领域: Finance

4) *LBALUM (9326)*
Price/现价 : 0.725
Target price/目标价: 0.815/0.90
Cut loss/止损价 : 0.675
**Syariah
Sector/领域: Industrial Products

5) *DANCO (5276)*
Price/现价 : 1.71
Target price/目标价: 1.90/2.00
Cut loss/止损价 : 1.46
**Syariah
Sector/领域: Trading/Services

6) *ECONBHD (5253)*
Price/现价 : 2.34
Target price/目标价 : 2.50/3.00
Cut loss/止损价 : 2.13
**Syariah
Sector/领域: Construction

_Source : RHB RESEARCH INSTITUTE_

Why 30%?

Riskabsorber, with the abolition of the par value regime, there is no practical difference between a stock split and a bonus issue.
Both corporate actions serve to increase the total number of outstanding shares and reduce prevailing share prices, making shares cheaper and more liquid for investors to trade in. Any perceived benefits are cosmetic in nature as neither corporate action alters the fundamentals of the shares.

Nikmon, need to login. You have full New?

Nikmon, please paste FOCUS new here. Thank

Nikmon, you change your stand very fast.

Good profit and another year of growth in FY2017 coupled with low PE, Gadang will move soon.

Cole eye 冷眼 bought JHM since 2015 at below RM0.60 and now JHM at RM4.30.

He bought KGB for 2,000,000 shares since early 2017, will KGB ended up like JHM at RM4 above?

Cole eye 冷眼 bought JHM since 2015 at below RM0.60 and now JHM at RM4.30.

He bought KGB for 2,000,000 shares since early 2017, will KGB ended up like JHM at RM4 above?

Hoping Gamuda to split share

Coldeye is Top 7 shareholder in Kelington.

Chairman's Statement - Annual Report 2016

Moving forward, we will be implementing productivity
programmes to improve our bottom lines. Having offices
around the region, we aim to have centralised procurement
activities and a sharing of resources to maximise efficiency
and cost savings.

Another exciting development is our entry into a new
business – the supply of industrial gases. We are positive
about the long-term growth prospects of this business and
believe that it is the step in the right direction for the Group.
This business is long-term in nature and will give us a
sustainable recurring stream of income, giving us a good
balance of project income and recurring income.

OUTLOOK AND PROSPECTS

One of the identified areas for future growth is to expand
into the supply of industrial gases.
The supply can be carried out via two methods; via
the establishment of on-site generators at the site of
a manufacturing plant and the supply of portable high
pressure gas cylinders.

This business has good potential as industrial gases are
widely used amongst manufacturers in the plantation, oil
and gas, food and beverage and electronic sectors.
We are confident of establishing a significant presence
in this business as we would be able to leverage on our
strong client network of electronic companies.
In addition, this new business would add a recurring
income stream to the Group. It would enhance our
earnings visibility, providing sustainable returns to our
shareholders.

As we expand this business division, we expect to see
an increase in our capital expenditure (capex) spending.
However, this would depend on the contract wins. Our
capex commitment will be supported by the long-term
contracts we enter into with our clients, ensuring that we
are able to recover our investments.
In China, leading manufacturers of memory chips and
integrated circuits are ramping up their production capacity
to reach China’s aim of being one of the world’s leading
manufacturers by the year 2025.

The China government, together with international
companies operating there, have announced plans to
significantly expand their manufacturing capacities by
establishing new manufacturing plants. This should augur
well for the Group as we have a strong track record in
undertaking UHP projects in China.

As at the time of this report, the Group had clinched new
contracts since the beginning of 2017 worth RM76.1
million, bringing the outstanding orderbook to RM239.3
million

Coldeye in KGB , bravo.

Tguan going for share split? Bonus issue no longer prefer method under CA2016

What happen to Tguan?

Bonus issue?

Dear My Valued Client,

Potential stocks to buy today:

KGB (0151)
Price/现价 : 0.595
Target price/目标价: 0.70/0.83
Cut loss/止损价 : 0.53
Syariah

CORPORATE PRESENTATION

http://www.kelington-group.com/images/reports/presentations/2017/Kelington_Analyst%20Briefing-2017-03-29-to-print.pdf

KGB is tendering Globalfoundries, Page 16

Net cash per share of 19 cents per share as at 31 Dec 2016, Page 10

New business venture, industrial gas and clean room , Page 13

Who gets hit in China’s $100B fab spending spree?
16 February 2017Junko Yoshida

Globalfoundries' Chengdu fab accounts for 10% of China's race for semicon production, but officials believe there is a wider blitz of investment.

In last week’s announcement, Globalfoundries made it clear that after about a year of producing 180/130nm chips using processes transferred from the foundry’s Singapore operations, the second phase, scheduled to begin in 2019, will be devoted to 22nm fully depleted silicon-on-insulator (FD-SOI) chips with technology from Dresden.

Globalfoundries’ announcement last week that it intends to build a $10 billion fab in Chengdu, China, came as no surprise to the industry observers following China’s aggressive pursuit of a local soup-to-nuts semiconductor eco-system.

Bill McClean, president of market-watcher IC Insights, told my colleague Rick Merritt, “With TSMC, UMC and SMIC expanding their foundry capacity in China, I believe that Globalfoundries believes that they need to do something as well.”

Globalfoundries’ move is a reminder of China’s inexorable arms race for semiconductor production capacity.

KGB tendering the Global Foundries projects in Chengdu:-

http://www.gochengdu.cn/news/business/global-foundries-to-build-production-facility-in-chengdu-a4362.html

https://klse.i3investor.com/blogs/mykgb8088/

KGB new business, Industrial Gases, to provide earning visibility with recurring income. The market is huge.


Applications of nitrogen generators

Food and beverage industries
The moment food or beverages are produced, or fruits and vegetables harvested, an aging process kicks in until the complete decay of the products. This is caused by bacteria and other organisms. Generators are used to flood the products with N2 that takes out the oxygen and prolongs the product lifetime significantly because these organisms cannot develop. Furthermore, chemical degradation of food caused by oxidation can be eliminated or stopped.

Analytical chemistry
Nitrogen generators are required for various forms of Analytical chemistry such as Liquid chromatography–mass spectrometry and Gas Chromatography where a stable and continuous supply of Nitrogen is necessary.

Aircraft & motor vehicle tires
Although air is 78% Nitrogen, most aircraft tires are filled with nitrogen, and there are many tire and automotive shops with nitrogen generators to fill tires, the advantage being that nitrogen in a tank is dry. Often a compressed air tank will have water in it that comes from atmospheric water vapor condensing in the tank after leaving the air compressor. Also, nitrogen is said to maintain a more stable pressure when heated and cooled[citation needed] and is said[citation needed] to be a larger molecule (109.76 pm) so doesn't permeate the tire as easily [8]as O2[citation needed] (120.74 pm) and Argon.

Chemical and petrochemical industries
The primary and very important application of nitrogen in chemical and petrochemical industries is the provision of inert environment aimed at ensuring general industrial safety during cleaning and protection of process vessels. Besides, nitrogen is used for pipelines pressure testing, chemical agents transportation, and regeneration of used catalysts in technological processes.

Electronics
In electronics, nitrogen serves as an antioxidant in the manufacture of semi-conductors and electric circuits, heat treatment of finished products, as well as in blowing and cleaning.

Fire Protection
The fire protection industry uses nitrogen gas for two different applications - fire suppression and corrosion prevention. Nitrogen generators are used in hypoxic air fire prevention systems to produce air with a low oxygen content which will suppress a fire. To prevent corrosion nitrogen generators are used in place of or in conjunction with a compressed air system to provide supervisory nitrogen gas in place of air for dry pipe and pre-action fire sprinkler systems.

Glass industry
In the glass production, nitrogen proves efficient as a cooling agent for bow oven electrodes, oxidation inhibitor during process procedures, as well as air cooler.

Metallurgy
The metal industry generally utilizes nitrogen as a means of protecting ferrous and non-ferrous metals during annealing. Also, nitrogen is helpful in such standard industry processes as neutral tempering, cementing, hard brazing, stress relieving, cyanide hardening, metal-powder sintering and extrusion die cooling.

Paint-and-varnish industry
Paint and varnish production uses nitrogen for the creation of an inert environment in process vessels to ensure safety, as well as for oxygen displacement during packing in order to prevent polymerization of drying oils.

Petroleum industry
In the petroleum industry, nitrogen is an indispensable component in a number of processes. Most commonly, nitrogen is used to create an inert environment for preventing explosions and for fire safety and to support transportation and transfer of hydrocarbons. Additionally, nitrogen is used for pipeline testing and purging, cleaning technological vessels and cleaning liquefied gas carriers and hydrocarbon storage facilities.

Pharmaceutical industry
In pharmaceutical industry, nitrogen finds application in pharmaceuticals packaging, and ensuring against explosion and fire safety in activities where fine dispersed substances are used.

KGB tendering projects under GlobalFoundries investment in Chengdu in 2017.

GlobalFoundries expanding in Chengdu, news below.


BUSINESS DAY

Plan for $10 Billion Chip Plant Shows China’s Growing Pull
点击查看本文中文版
By PAUL MOZURFEB. 10, 2017

HONG KONG — After Intel and Foxconn said they would build advanced factories in America, it might have seemed as if the United States were gaining high-end manufacturing momentum.

But on Friday, the California-based chip maker GlobalFoundries announced a $10 billion project in China, showing how the center of gravity continues to shift across the Pacific.

The new advanced semiconductor factory, in the central Chinese city of Chengdu, is only the most recent in an array of investments, often by major multinationals, into China with the support of the Chinese government. The projects have become markedly more sophisticated, making more modern microchips, memory chips or flat-panel displays.

The reason for the shift is in part the Chinese government. In 2013 Beijing announced a major initiative to expand the country’s ability to produce microchips, which act as the brains of everything from guided missiles to smartphones. Also driving the companies, according to analysts, are new guidelines urging Chinese electronics makers to buy chips made in China.

Since China has begun focusing on semiconductors, the provenance of advanced chips has become an increasingly fraught political issue. The United States government has blocked several Chinese deals for American and European chip companies during the past two years, and a commission created by former President Barack Obama said China’s chip policies posed a risk to American companies.

The election of President Trump has further increased pressure on companies, several of which have announced plans to build facilities in America. In Intel’s case, it was a recommitment to an earlier plan the company had announced.

Leading China’s charge have been both the central and provincial governments, which have been spending billions of dollars on investments and subsidies. The government has said China will spend about $100 billion to bring chip factories and research facilities to China.

Morgan Stanley 21/4/2017.

Five reasons to go overweight Malaysia stocks
Morgan Stanley initiated Malaysia's stocks at Overweight, citing five tailwinds
The bank cited potential elections, infrastructure spending, commodity-price rises, earnings growth and a supported currency.

SINGAPORE (April 21): After lagging behind the wider region since 2013’s taper tantrum, Southeast Asian stocks are poised to start outperforming their peers.

That’s the view from Morgan Stanley and Nomura Holdings Inc in research notes released Thursday and Friday respectively.

A completion of cyclical gains in earnings of technology and commodity companies, only modest dollar strength versus Asian currencies and a small deterioration in sentiment in China will benefit Asean markets over the next few months, according to Japan’s biggest brokerage. The “dovish tightening” by the Federal Reserve is supportive of emerging-market currencies in general, providing a reprieve to Southeast Asian equities, the US bank said.

“Structurally, Asean’s economies do appear better placed to deliver on growth than those in North Asia,” Mixo Das, an equity strategist at Nomura in Singapore, wrote in the note. “A further rotation into emerging markets from development markets and a long-term compression of the EM vs DM valuation gap should also prove supportive.”

The MSCI Asean index has rallied 9.7% this year, trailing a 12% advance in the MSCI AC Asia Pacific Excluding Japan Index. The Asean gauge fell 22% over the four years through the end of 2016, compared with an 8.5% decline in the wider Asian measure.

Philippines has the “cheapest” stock market in the region and is expected to outperform in 2017 as earnings outlook improves and clarity on tax reforms could help boost consumption among the middle class, Nomura’s Das said. Indonesia is also rated overweight, while Malaysia and Singapore are both seen to underperform. Das has a hold rating on Thailand.

Meanwhile, Morgan Stanley sees the Fed’s stance on US rate increases as supportive of emerging market currencies with Indonesia as the key beneficiary, equity strategists Sean Gardiner and Aarti Shah wrote in the note. Malaysia was the next preferred market, followed by Thailand, Singapore and the Philippines.

1⃣Assured near-term earnings visibility, coupled with long term growth prospects.

2⃣Stock currently trading at single P/E presents good buying opportunity.

RHB Research

Gadang Heading For Another Decent Year.

Gadang remains a BUY after reporting another decent set of results for 3QFY17 (May). The company’s fundamentals are further supported by its near-term earnings visibility, along with the potential to win more projects in the near future. The stock currently trading at single-digit forward P/E vs its peers’ low teens would be another reason to accumulate.

Our SOP- based TP is unchanged at MYR1.55 (22% upside).
Clear earnings visibility.
After a long wait, Gadang recently won an Mass Rapid Transit Line 2 (MRT2) viaduct project worth MYR952.1m. We believe the company stands a good chance to win more projects in the near future, considering the various infrastructure projects scheduled to be awarded in coming months. Meanwhile, its outstanding construction orderbook (lifted to MYR1.6bn) and unbilled property sales of MYR165m provide earnings visibility over the medium term.

Its utilities unit continues to churn in stable earnings from its four water supply concessions in Indonesia, which more than offset a minor loss at its plantation unit.
Forecast and risks.
We deem its 9MFY16 results largely in line with our expectation and make no changes to our earnings estimates. For FY17, we are confident Gadang could at least match its robust earnings recorded in FY16. Key risks include the inability to replenish its construction orderbook, a significant slowdown in the local property sector, and a hike in input costs.
Reiterate BUY.
We are assured on Gadang’s near-term earnings visibility, coupled with the longer-term growth prospects from all business units.

Meanwhile, the stock trading at single-digit forward P/E presents a good buying opportunity.

Our SOP-based TP of MYR1.55 implies 10.3x 2017F P/E vs the small cap construction sector of 10-12x.

FY2017 is another strong year.

I3investor is a platform for sharing and hope sharing of information and ideas can benefit each member.

PE still so good and cheaper compare to other construction counter.

YoY Profit grow 11% and FY2017 will be another strong year.

Gadang's 3Q improves on better property contribution, lower cost of sales.

KUALA LUMPUR (April 19):

Gadang Holdings Bhd posted a slight increase of 3% in net profit for the third quarter ended Feb 28, 2017 (3QFY17) to RM25.79 million, from RM25.11 million a year earlier, largely on higher contributions from the property division.

It also registered a 41% fall in cost of sales to RM77.92 million during the quarter, from RM131.8 million in the previous corresponding quarter, its Bursa Malaysia filing today showed.

However, the positive impact of these were mostly negated by the 27% fall in revenue to RM128.54 million, from RM17.92 million a year ago, on lower contribution from its construction division, which registered a topline of RM70.77 million, compared with RM122.73 million previously.

For the first nine-months of FY17, net profit grew 11% to RM70.39 million, from RM63.69 million — thanks to improved contributions from its property and utility divisions, though revenue fell 11% to RM381.02 million, from RM427.28 million, again dragged by its construction division.

Moving forward, the company said as the current financial year remains challenging with higher operating cost, the board is reviewing the operational efficiency of each business unit.

“Accordingly, the board may consider divesting the non-core business activities to realign the group’s competitive position as an integrated engineering group, moving forward,” said Gadang Holdings.

“However, the board is encouraged that based on the present level of activities, the group’s performance for this financial year will be another strong year,” the company added.

Shares in Gadang Holdings closed down two sen or 1.55% at RM1.27 today, for a market capitalisation of RM828.97 million.

KGB is another JHM in making.

Relax Nikmon

Kellington may climb higher, says RHB Retail Research.

http://www.theedgemarkets.com/article/kellington-may-climb-higher-says-rhb-retail-research?type=corporate

Peggy Method

We can see that KGB is benefiting the expansion of semi con and process in China, from the statements made by the Directors.

My source, KElingtion Engineering was heavily recruiting personals in China.

Well done for your article below.

Posted by:
KGB - will MADE IN CHINA lift their profit?

http://politemarket.blogspot.my/?m=1

Welcome Peggy Method.

RHB Research , 19 April 2017.

KGB may climb higher after posting another white candle and leaving an upside gap yesterday. This can be viewed as a continuation of the bulls extending the rebound from 14 Apr’s “Hammer” pattern.

A bullish bias may appear above the MYR0.58 level, with an exit set below the MYR0.53 mark.

Towards the upside, the immediate resistance level is seen at the MYR0.70 level. This is followed by the MYR0.83 level.

KGB was a leading Ultra-High Purity (UHP) Gas and Chemical Delivery Solutions Provider in Malaysia, China, Taiwan and Singapore. KGB is an integrated engineering solutions provider specializing in ultra-high purity (UHP) gas and chemical delivery systems, mechanical process engineering, mechanical systems and electrical systems. The Group provides end-to-end engineering solutions ranging from system design to fabrication and installation of equipment to testing and maintenance.

Outstanding orderbook about RM277m.
Yesterday, KGB announced that it has secured RM24m contract to Givaudan Singapore (a leading flavour and fragrances manufacturer). Together with the RM19m contract to a China global semiconductor MNC (secured on 3 Apr) and its first industrial gas supply contract of RM20m (secured on 28 Mar) to Hanwha Q CELLS (one of the world’s largest manufacturers of solar cells and modules), KGB’s has an outstanding orderbook of ~RM277m.

Serving diversified industries.
Established since 2000, the Group serves customers in the high technology industry across different sectors such as Industrial Gases, Wafer Fabrication, Solar Energy, TFT-LCT, Bioscience and Light Emitting Diode (LED). KGB has also expanded its industry focus to include the F&B, pharmaceutical, healthcare and oil and gas sectors. In FY2016, Singapore contributed 39% to the revenue, followed by Malaysia (38%), Taiwan (10%), China 98%) and other (5%).

Potential downtrend reversal.
KGB is currently trading at 8.3x FY16 P/E (7.1x if excludes 7.9 sen netcash). The stock has retraced from 52-week high of RM0.64 (5 Apr) to a low of RM0.53 (14 Apr) before ending at RM0.565, above the 30-d SMA level (now at RM0.545). Short term rebound seems taking shape and we expect prices to bottom up amid the formation of hammer-liked candlestick.

A decisive breach above RM0.59 (10-d SMA) is likely to spur prices higher towards RM0.64 and our long term objective of RM0.70 (123.6% FR). Key supports are RM0.53-0.545. Cut loss at RM0.525.

Source: Hong Leong Investment Bank Research - 18 Apr 2017