0.45, then 0.55. Rocket to rm1 next few years

After carimin, hibi loh

Everyday live meh

I started to realised. Something. Buy cant talk openly in forum... Hehe

Tgi friday.

Contunue share buy back aggressive

Huat aj

Rm2 used to be its price

Wait apa, party started already. Go go go, aleh aleh aleh

party started! 0.45!

Later free. Takaful warrant. Then u baru tahu miss....
Hehe.

Earlier is ubike,now Chinaman no idea only throw money to sea to ev. Bunch of idiots

KGB or shld be 15 as it is growing....Anyway,no harm accumulate some slowly

Veron,don't come kacau here
Go back to your carimin

Collect more while.losers cutting lose.hehehe

hehe. sell carimin, buying KGB, MUDA, FLBHD

Kelington (KGRB MK, MYR1.22, Not rated): Bagged MYR93m job; prospects look good

• Awarded a SGD31m contract.
• Set to ride on “Made in China 2025” wave.
• Trading at 12.8x consensus FY19 EPS.

What’s New? Kelington’s wholly-owned subsidiary, Kelington Engineering (S) Pte Ltd, was awarded a SGD31m contract (equivalent to MYR93m) to provide turnkey construction and engineering of an Ultra High Purity (UHP) electronics special gases plant in Singapore. The contract is expected to be completed by end of 2019.

This is the first contract win of the year, lifting its outstanding order book to ~MYR468m, equivalent to 1.3x of FY17 revenue, of which most of these will be recognised over the next few months. Last year, the group secured MYR424m worth of projects.

Prospects look intact. The latest contract win, which is for the UHP segment, is positive as it typically carries higher profit margin. This division will continue to benefit from the growing semiconductor business in China, riding on the “Made in China 2025” wave. Last year, contributions from China accounted for 41% of its 9M18 revenue.

Longer term, Kelington is trying to beef up its recurring income model, anchored by its Industrial Gases division. Beside the gas supply contract with Hanwa Q CELLS Malaysia S/B, it is understood that the construction of its liquid CO2 plant in Kerteh, Terengganu is on track to commence in 3Q19.

Judging from the healthy pipeline, the street is forecasting a 29.9% 2-year EPS CAGR for FY18-20. Note that the group is also tendering for MYR1.2b worth of contracts across its key operating markets of Malaysia, Singapore, China and Taiwan.

Valuation. Brokers are bullish on the stock with two Buys and a mean target price of MYR1.50. Valuation wise, the stock is trading at 12.8x consensus FY19 EPS of 9sen, lower than its 3-year historical average P/E of 16.0x.

Healthy balance sheet. Note that Kelington also has a healthy balance sheet. At end-Sep 2018, the group is sitting on a net cash of ~MYR53.6m, which is approximately 16% of its current market capitalisation.

U know why they can keep winning contracts?? Their skills is unique! It got moat. Industrial gas, China is moving to tht direction in macro. Its going to be great for them, the 5yr bluesky policy. Move according to policy. Remember this, its always longterm inpact for policy investment.

Not too late. This stocks is most called among all invt banks. There must be something so unique!

Smart money. Money is always smartest. Position well

wow

Huh?? Free warrant??

Just wait for announcements loh. If theu distribute takaful to you goodmah. Buy bank free insurance companies, supern

Its a longterm thing. Get contract also need time to translate to profits

Lol

later only see how loh. other stocks got more upside. my tp1.20 too near. rather buy other with moer upside

fake venfx

I sold all. Other stocks lagging one running now. Best time to recoup last yr losses

This is what u call loser investors. Invt 10yrs also still losing

Tut tut, leno still losing money. Mkt good or nad also lose money

All goreng of course up. Later wave gone, better be careful

Owner keep selling like no tomorrow. You think leh...

Ask god

Goodluck

Hehe. Not tooi late still

Tp 1.60,wow. In 2 years. Probably

Research by Affin Hwang Capital
BUY (maintain); Price Target: RM1.60; Upside: +31%

Chinese New Year Angpao
Kelington (KGB) has announced its maiden 2019 contract win amounting to SG$31m (RM93m). The group is off to a good start to surpass the FY18 total replenishment wins of RM424m, which were a record high. The award of this contract by one of the world's largest gas companies showcases KGB’s ability and repute as a UHP player. We maintain our BUY call and target price of RM1.60.

Tan Jianyuan, ACCA
(603) 2146 7538
Jianyuan.tan@affinhwang.com

Icon, u shld all in this one. Not jaks

So greedy,2.9

Sslee memang old ahpek like me,hehehe

Shhhhhhhh

Hope so icon. Takaful result seems strong. Eating up others small players

Tsh said until 1.98

With their stable cashflows, why worry

Hehe. Holding free shares always got upside.

Widad no worry, tje biz is real, cashflows is real

Let me be prophetz rm 0.90 yr end. It deserves pe near 20,sell only near 0.90!!

Rm2 please.

I bet tonite tyyap will come out shout again, buy call muda again, hehe

upup，up all way