Gst was abolished.Sst will coming.The cost of material will lowest.And they have new project on hand.And they still tender another project now.Don't worry, everything will be fine!Relax....
Don't ever trust IBs' staffs. They never see era where 0 or minimal construction order books if PH govn is serious is cutting RM 1 trillion govn debts. Already 1 mth PH in power what new project/s have they carried out so far?
Don't so negative thinking.Small projects from both of government n private will given.And don't thinking every year, every month,every day have big projects to bid.Can not die if company can tender project from foreign countries like Singapore,Thailand, Indonesia n others.Why we want to focus on Malaysia market only?
The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the award of a RM53,478,000 construction contract from Nusajaya Rise Sdn Bhd for the execution and completion of earthworks, road and drainage and other ancillary site works for Gerbang Nusajaya Development, Mukim Tanjung Kupang and Pulai, Daerah Johor Bahru, Johor ("the Project").
The construction work is expected to be completed by end of April 2019.
The Project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.
None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above contracts.
Hope88,never low n never high.U can q buy or buy every 0.10 to avg share when down or up! Don't all in at one time.The formula for long time investment.
Kimlun Corp Bhd is expecting flat top- and bottomline growth in the financial year ending Dec 31, 2018 (FY18), amid uncertainties such as the escalating global trade war between China and the US.
Speaking to reporters after its annual general meeting here today, its chief executive officer Sim Tian Liang explained that the company is cautious about costlier fuel and steel prices as well as higher wages.
Nevertheless, he noted that the zero-rated goods and services tax (GST) will enable the company to see some savings.
"We are hopeful that the new government will take the economy to greater heights, with more transparency and open tenders," Sim said, when asked about his outlook on the construction industry.
He added that the open tender will enable more construction companies to compete equally based on merit.
Kimlun is an engineering and construction services provider specialising in infrastructure and building construction, project management, industrial building systems (IBS) and manufacture of concrete products.
For the first quarter ended March 31, 2018 (1QFY18), the construction company saw its net profit decline 17.78% to RM12.65 million from RM15.38 million a year ago. This was despite revenue rising 29.82% to RM220.93 million, from RM170.18 million in 1QFY17.
As at 1QFY18, its orderbook stood at RM1.94 billion which would keep the company busy for the next two years.
At 5pm, shares of Kimlun closed three sen or 2.16% lower at RM1.36 for a market capitalisation of RM445.67 million.
Kimlun (5171) -5 years technical chart showing perfect Strom will be complete on 1.00 to 1.10.If holding power r strong,u guy can collect it then waiting next perfect high peak coming on next few years.
JB-SG RTS is on and the major contractor still is YTL Corp. Kimlun has the bigger chance to win major subcon package as they are well-known TLS provider in Johor and Singapore.
Not bad result. 2018 will not be the good performance year but 2019 will be better due to higher profit contribution from KVMRT and Pan Borneo Highway project.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tayboonchee
7 posts
Posted by tayboonchee > 2018-06-08 15:55 | Report Abuse
any info?