Thursday, October 20, 2016

不是苏联的情报网KGB, 是送财童子KING GOOD BEST ----KELINGTON GROUP BERHAD 要一点时间。。。

KGB

不能够投机

要一点时间

它的一些值得注意的重点是:

已经拨备,以为收不回的帐(坏账),

看来是可以收回,还加上利息。。。。。。。。。。。

这是这个股票其中一个加分的地方。

注意它的法律诉讼,有关公司 正尽全力通过法律诉讼要收回坏账。


目前的法律诉讼:

1.

KELINGTON GROUP BERHAD ("Kelington" or "Company")
- Commencement of legal proceeding between Kelington Technologies Sdn Bhd, a wholly owned subsidiary of Kelington, against Australian Marine Technology and Eric Robert Bowra, one of the guarantors for the works performed for Australian Marine Technology (Collectively referred as the "Defendants")


The Board of Directors of Kelington wishes to announce that Kelington Technologies Sdn Bhd (Company No.:562280-U”) [“KTSB”], a wholly owned subsidiary of Kelington has on 5 October 2016 filed a Writ and Statement of Claim at the High Court of Kuala Lumpur against Australian Marine Technology (License No.:631371, DCCI No.:184436) [“AMT”], a company incorporated in Dubai, United Arab Emirates; and Eric Robert Bowra (Passport No.:E4011930),

one of the guarantors in the project undertaken by KTSB for AMT, to claim for the sum of USD702,206.13 or equivalent to RM 2,893,089.26 (based on exchange rate of RM4.12 to USD1) together with interest and foreign exchange loss thereon [“Claimed Sum”].        

KTSB was appointed by AMT to perform projects works in Dubai, United Arab Emirates and an invoice was issued to AMT on 19 August 2015 for the works done. KTSB had issued a letter of demand dated 23 May 2016 to AMT and two (2) guarantors in the project, namely, Mr Koh Chen Tien (NRIC No.:551002-04-5095) and Eric Robert Bowra (Passport No.:E4011930) to demand for the payment from AMT but to no avail from the defendants.  

The Company has engaged a lawyer to file a Writ and Statement of Claim against the defendants by virtue of the defendants’ obligation as principal debtor / guarantor in the said project for the Claimed Sum. In addition, the Company will pursue the matter separately with Mr Koh Chen Tien via a Settlement Agreement entered between KTSB and Mr Koh Chen Tien on 25 July 2016.

The financial impact resulting from the Writ and Statement of Claim will be limited to the Claimed Sum. The Company has made the necessary impairment for doubtful debts for the Claimed Sum in the financial quarter ended 30 June 2016. The Company is not expected to incur any further loss arising from this. However, any recovery of the Claimed Sum will have positive impact on the Company’s earnings and net assets for the financial years ending 31 December 2016 and/or 31 December 2017.

The Board of Directors is of the view that the Writ and Statement of Claim is not expected to have any significant operational impact on Kelington Group.

The Company will announce further developments on the above matter in due course.

The announcement is dated 5 October 2016.


2.

KELINGTON GROUP BERHAD ("Kelington" or "Company")
- Update on the legal proceeding against Hui Neng Mechanical & Electrical  Engineering Co. (27518963) ["Hui Neng"]
Reference is made to the Company’s announcement made on 14 September 2016.

The Board of Directors wishes to announce that on 14 October 2016, Hui Neng has submitted a written plea to the High Court, Taiwan in relation to the appeal submitted by them. The Judge has requested Kelington Taiwan to submit its answer to the plea and fixed the next hearing on 9 December 2016.

The Company will make the necessary announcement on further development of this matter in due course.

This announcement is dated 18 October 2016.



KELINGTON GROUP BERHAD (Kelington or Company)
- Update on the legal proceeding against Hui Neng Mechanical & Electrical  Engineering Co. (27518963) [Hui Neng]


Reference is made to the Company’s announcement made on 9 August 2016.

As announced previously, on 29 June 2016, the Judge has decided in favour of Kelington Taiwan and allowed Kelington Taiwan’s claim of NTD34,234,442 (equivalent to RM4,279,305) and that all litigation cost shall be borne by Hui Neng.

On 25 July 2016, Hui Neng has submitted an appeal to the Court.

The Board of Directors wishes to announce that the High Court, Taiwan had on 13 September 2016, fixed the hearing on 14 October 2016 in relation to the appeal submitted by Hui Neng.

The Company will make the necessary announcement on further development of this matter in due course.

This announcement is dated 14 September 2016.  



KELINGTON GROUP BERHAD ("Kelington" or "Company")
- Update on the legal proceeding against Hui Neng Mechanical & Electrical  Engineering Co. (27518963) ["Hui Neng"]
Reference is made to the Company’s announcements made on 26 February 2016, 11 March 2016, 25 April 2016 and 16 June 2016.
The Board of Directors wishes to announce that on 29 June 2016, the Judge has decided in favour of Kelington Taiwan and allowed Kelington Taiwan’s claim of NTD34,234,442 (equivalent to RM4,279,305) being the net amount after deducting Hui Neng’s progress claim of NTD1,765,558, plus all interest thereon since 13 March 2015 until full and final settlement and that all litigation cost shall be borne by Hui Neng.
The Company will make further announcement if there is any material development on the above matter in due course.
The announcement is dated 1 July 2016.



业绩
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5186953


有盈利



  30 Jun 2016
30 Jun 2015
30 Jun 2016
30 Jun 2015
$$'000
$$'000
$$'000
$$'000
1 Revenue
94,489
40,585
172,970
79,109
2 Profit/(loss) before tax
1,917
1,536
2,250
3,641
3 Profit/(loss) for the period
1,833
1,502
2,109
3,582
4 Profit/(loss) attributable to ordinary equity holders of the parent
1,839
1,502
2,096
3,582
5 Basic earnings/(loss) per share (Subunit)
0.83
0.69
0.95
1.64
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.50
1.00




KGB
  Publish date: Thu, 13 Oct 2016, 10:46 PM


KGB
- The Group is principally engaged in the business of providing engineering services and general trading, specifically in the provision of Ultra High Purity (UHP) gas and chemical delivery system solutions that comprise system design and installation; gas and chemical delivery equipment; control and instrumentation; quality assurance and quality control services; and maintenance and servicing to various Foundries (Semiconductor / Flat Panel Display) as well as to clients who require UHP gas or chemical delivery systems in Malaysia, the China, Taiwan and Singapore.
- Highlights that can positive impact on the Company’s earnings and net assets:
1. Strong order book – The Group has a strong order book amount to RM425mil of which RM253mil remains outstanding. The outstanding order book can keep the Group busy for another 6 months more.
Breakdown of order book:
- The contract value for the LOA is RM70mil with a completion period of 17 months for the Works. 



The contract can secure a quarterly RM12mil averagely with average gross profit margin of 11.5% equivalent to RM1.4mil GP.
- The additional outstanding order book can secure a quarterly approximately RM85mil revenue or higher if new order book increase during the financial year.
According to the news interview with the managing director, the Group is tendering for a RM500mil project and awaiting the tender outcome.
In the year to date 30 June 2016, the Group has secured a RM160mil order book in halve year (Historical FYE2015: RM287mil, FYE2014: RM225mil). 

In the remaining halve year to 31 December 2016, the Group ought to secure higher order book than 2015 and 2014.

正通过法律诉讼收回坏账
2. Litigation claim – The Group is in the midst of recovering the impaired receivables from (a) subcontractors and (b)contractor.

应该可收回4百30万令吉
(a) The provision of RM4.6mil has been made on deposit impaired in FYE2015 (resulted loss in Q4 FYE2015) by subcontractor Hui Neng Mechanical & Electrical Engineering Co. The judge is in favour of Kelington Taiwan and allowed Kelington Taiwan’s claim of RM4.3mil equivalent to EPS of 1.95 cents.




另一坏账、疑账2百90万令吉还在追收
(b) The impairment of doubtful debts of RM2.9mil has been made in the financial year ended 30 June 2016 which brought down the net profit to only RM1.9mil. The case is in the initial stage and any recovery will bring EPS of approximately 1.3 cent to the Group.
股息
- The Group will distribute dividends annually ranged between 0.5 cent to 1 cent. In FYE2015 the Group has distributed final tax exempt dividend of 0.5 cent per share which equivalent to 2% of dividend yield.
- In 30 September 2016, the directors have exercised the share option with 1.9mil shares exercised at RM0.255 per share.

股价值得约48分
- With the above facts, the Group is forecasted to achieve a EPS of 4cents, with PE of 12 to 15, the share price should be valued at RM0.48 to RM0.60.


** PE is derived from similar competitors i.e. SEB, KKB, SCOMIEN, etc engineering background.

整体来说,是还有作为,在32分--36分,还是可以的。

不要用来炒,一些人批评“有心人”在炒高后就“走人”,压低股票价格。因此,股友是要有一些耐心。


daftpunk8888 this kgb trading activities last week look suspicious..volume on thusrday (13/10/2016) shoot to 1.67m compare to wednesday (no volume) and tuesday (50k shares). Look someone already accumulating on thursday given the sudden surge volume. Then later at night, article came out and the telegram shit..counter volume shoot to 20m on friday to a high of 40.0 sen before closing at 30.5 sen. looks like pump and dump to me

因为,虽然法律诉讼对公司有利,不过,前提是需要一些时间,特别是法律诉讼应该需要一个月以上,甚至三个月才能够看看回收多少的坏账。(相信对方可能寻求和解,有利的还是公司,是加分!!!)

有一7千万令吉的工程,会在明年7月完成


KELINGTON GROUP BERHAD ("Kelington" or "Company")
- LETTER OF AWARD FROM MERANTI TIGA SDN. BHD.
The Board of Directors of the Company is pleased to announce that Kelington Technologies Sdn. Bhd. (“KTSB”), a wholly-owned subsidiary of Kelington has obtained a Letter of Award (“LOA”) from Meranti Tiga Sdn. Bhd. (Company No. 39758-K) to undertake civil and structural works and provide mechanical and electrical services for a project located in Batang Padang, Perak.


The contract value for the LOA is RM70,000,000 (Ringgit Malaysia : Seventy Million only) with a completion period of 17 months for the Works. 

The contract is targeted to be completed by September 2017 and it is not renewable.


The LOA is expected to contribute positively to the earnings and net assets of KGB Group for the financial year ending 31 December 2016 and 31 December 2017.

None of the Directors and/or major shareholders of the Company and/or persons connected to them have any interests, direct or indirect in the above LOA.

The Company does not foresee any exceptional risk other than normal operational risk associated with the LOA.
This announcement is dated 25 May 2016.



Among the competitors, we are in favour of KGB due to strong order book, strong likelihood the impaired deposit and receivable can be recovered, management confident of the company turnaround plan, dividend payout, etc. KGB is undervalued














Kelington has successfully established presence in Malaysia, China, Taiwan and Singapore.  The completed projects spread from 300mm IC wafer fabs to TFT-LCD fabs, even includes electronics industries such as storage media and printed circuits, not to excludes general industrial gas plants! Since the inception of Kelington, we had involved in several projects in Malaysia, Singapore, Indonesia, Vietnam, China and Taiwan.
Below are some of our major clients from various industries:
Industrial Plant

  Stolthaven
  • Tankage, Civil & Structural Work (Phase 9)
  BASF Petronas Chemical 
  • Site Preparation & Temporarily Facilities Setup
  Cargill Palm Product
  • Refinery Mechanical, Equipment & Piping Installation
  Dialog Pengerang Terminals
  • Hot Oil Mechanical, Equipment & Piping Installation
  PETRON Refinery
  • Tankage Erection
  Emery Oleochemical
  • N2 Plant Construction
  Samsung Corning 
  • O2 Plant Construction
  Air Liquide @ Melaka, Malaysia
  • Air Separation Plant (ASU) Installation/ Erection
  • Liquefier Unit Installation/Erection
  Air Product @ Shah Alam, Malaysia
  • Decommissioning, Dismantle & Repack ASU Plant
  Air Product @ Prai, Malaysia
  • Underground Gas piping System
  BOC Lien Hwa Gas Yard @ Songjiang, China
  • Piping & Skid Assembly Installation
  Linde Electronics & Specialty Gases @ Suzhou, China
  • Silane Filling & Operation Station System

http://kelington-group.com/kelington/zh/our-clients/

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