Kelington Group BHD (KGB 0151)
Fundamental
One of the leading Ultra-High Purity (UHP) Gas and Chemical delivery solution provider within the regional footprint of Malaysia, China, Taiwan and Singapore
One of the leading Ultra-High Purity (UHP) Gas and Chemical delivery solution provider within the regional footprint of Malaysia, China, Taiwan and Singapore
Business Segment
1. Design and Modelling
2. Fabrication and Installation
3. Quality testing and certification
4. Control and instrumentation
5. Maintenance and servicing
Current
outstanding order-book of RM175 Million
-The Ultra
High Purity mechanical and electrical services and medical system for Kang Hui
Maternity Centre Services (Shanghai) Co (remaining value of RM99m)
-The total
facilities management services to one of the world’s largest chip manufacturers
(remaining value of RM18m)
-The UHP
system design for TTE Engineering (remaining value of RM8m)
- Remaining
RM50m is contributed by other semiconductors, O&G, plantation and
healthcare players
Current
tender-book
- Taiwan’s
biodiesel contract (worth RM35m) has been delayed due to the
longer-than-expected approval process, management remains optimistic in
securing it by 2H2014
-Inclusive of
other tender jobs for one of Malaysia’s hospitals SGD30m the tender book value has already hit RM110m.
Kelington Group BHD is one of the turn-around company which earning
slipped in 2013 due to the lack of outstanding order-book. However group return
to be profitability after securing an amount of project, 2.7 times as more
order as to compare to FY2013. Take 6% as the average benchmark Profit-Margin,
the group will be easily standing on at a comfortable profit of RM10.5 Million
divided by the weighted average number of share of 191 Million, staggering
around 5.4cents earning per-share. Assume it is trading at 10 times fair PE ~
it will be easily valued at Rm0.54 cents
Target Price RM0.54
Technical
Analysis
KGB has challenged the previous high when I posted on 13 July 2014.
However, the unstable market sentiment brought the price to retest support. The
support is firm and price has rebounded from the support.
Judging from the strong trading volume and positive momentum indicators,
I believe it will trigger another round of buying interest and it possible will
bring the price to uncharted territory.
Target Price 1 = RM0.48 (+9.1%)
Target Price 2 = RM0.52 (+18.2%)
Cut Loss = RM0.41 (-6.8%)
Target Price 2 = RM0.52 (+18.2%)
Cut Loss = RM0.41 (-6.8%)
Target Price 1 = RM0.25 (+18.8%)
Target Price 2 = RM0.30 (+42.9%)
Cut Loss = RM0.20 (-4.7%)
Target Price 2 = RM0.30 (+42.9%)
Cut Loss = RM0.20 (-4.7%)
https://www.facebook.com/groups/484634628332582/
LoveStockry Club = Love the Story of the Stock
This articles do not represent an investment
advisory service as no subscription or management fees are charged. The
contents of the article are provided as general information only and should not
be taken as investment advice or as a recommendation to buy or sell any
security or financial instrument. Any investment decisions carried out based on
information, analysis, or commentary provided here is solely your
responsibility. You should consult your investment advisor before making any
investment decisions.
No comments:
Post a Comment