Kinergy has robust order book and strategic developments. As of December 31, 2023, the combined order book for KAB's Engineering and SES businesses stood at a robust RM939.0 million, along with pending tenders amounting to a substantial RM3.0 billion.
Kinergy Advancement Berhad, let’s break it down to:
Financial Analysis: Net income YoY +314% YoY growth +35% ROE +16% Overall, impressive figures. Tells me that the company is going forward profitably.
Technical Analysis: Base formation at 0.345 – 0.355, assembling the support line Float% at 44% - the higher the %, the more volume is needed to push the price further (highest lately being 10M shares) 10MA is slowly crossing the 50MA ATR% multiple is 0.99 as of 8/5/2024 – price can still be pushed up (usually peaks at 7.0 and above)
I think this is a great counter, where probability is involved. I look forward to seeing an upside. But obviously, risk management is king.
According to the news, RECs traded through the mGATS will serve as documentary evidence that one megawatt-hour of electricity was generated from sources such as solar, hydro, biomass and biogas. However, RECs cannot be transferred abroad except through Energy Exchange Malaysia or other government-approved programmes
but will the net profit improve due to SES segment? because the last quarter, the net profit was like the same. The sudden surge of net profit was only for 1 quarter
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....
Diego66
126 posts
Posted by Diego66 > 2024-04-22 15:33 | Report Abuse
wow, the ROE is high for KAB in FY2023
https://klse.i3investor.com/web/blog/detail/PublicInvest/2024-04-22-story-h-182968317-Technical_Buy_KAB_0193