Yes...really undervalue for small cap construction stock......
Consistent profit proven lead to increase of NTA for the past 10 years...
Consistent dividend payout lead to average of 6.76% gross dividend yield for the past 10 years......
Posted by Keyman188 > May 7, 2020 11:03 AM | Report Abuse X
Surprisingly NTA of the company also gradually enhanced......
YE 2019 = RM 2.120
YE 2018 = RM 2.003
YE 2017 = RM 1.896
YE 2016 = RM 1.738
YE 2015 = RM 1.530
YE 2014 = RM 1.331
YE 2013 = RM 1.247
YE 2012 = RM 1.14
YE 2011 = 94 sen
YE 2010 = 81 sen
**Total surged by 261.73% for the past 10 years......
^^Average per year about 26.17% surged on NTA......
Posted by Keyman188 > May 7, 2020 10:54 AM | Report Abuse X
Furthermore consistent dividend payout since listed at Bursa (started from Jun 2010)......
YE 2019 = 3.30 sen (expected pay around June 2020 based on past record)
YE 2018 = 3.70 sen
YE 2017 = 5.50 sen
YE 2016 = 6.50 sen
YE 2015 = 5.80 sen
YE 2014 = 3.80 sen
YE 2013 = 3.00 sen
YE 2012 = 4.80 sen
YE 2011 = 5.10 sen
YE 2010 = 4.80 sen
** Total payout dividend for 10 years are RM 0.463, equivalent to 4.63 sen per year......
^^Average gross dividend yield by 6.76% based on yesterday closing price......
##Based on construction sector, hard to search any small cap construction stock able to produce such high dividend yield with past 10 years consistent payout......
They have some backlog and recently awarded contracts that would keep them busy for 1 year at least. Of course if covid situation gets worse, it wont be good for all. Company is proposing 3.3 cents dividend. Other than that, the fundamentals are pretty solid and current price is still undervalued.
LTA just awarded Jurong Regional Line construction contract to the maincon. Foresee that KIMLUN may benefit in the upcoming tender to supply precast segments for viaduct.
@MoneyHeist20 you could check at gadang, his construction being badly hit which can seen at their quarter end Feb'20 report ( before MCO start), just be careful for Kimlun up coming report which includes MCO period
Hi, if you guys wish to obtain more insights on Kimlun Corporation, you can tap on the link above to watch Kimlun newly released video that available on YouTube channel. Cheers!
RTS project between JB and s'pore will benefit this company for supplying box griders/precast concrete as he has plant in JB and also has being long times supplier to m'sia & s'pore MRT.
results bad for 2q already priced in la 5x pe. kimlun precast plant is only 30 mins from rts construction site. logistics cost alot in precast this is major advantage. track record so good supply to SG mrt and malaysia mrt2.
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Keyman188
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Posted by Keyman188 > 2020-05-08 08:34 | Report Abuse
Slowly slowly accumulating for next construction sector booming......