Kimlun

Kimlun

Postby winston » Sun Sep 28, 2014 6:20 am

not vested

September 26, 2014

Kimlun a "must-own" stock, says RHB Research

KUALA LUMPUR: RHB Research has maintained its Buy rating on Kimlun with a fair value of RM1.68 based on 10 times revised fully diluted FY15 EPS of 16.80 sen, in line with its benchmark 1-year forward target P/Es of 10-16 times for the sector.

In a note on Friday, the research house said it likes Kimlun’s involvement in the production of SBG and TLS for the Klang Valley MRT project, making it a “must-own” stock along the value chain of this mega public infrastructure project.

It said Kimlun guided for a subdued FY14 on slow construction orderbook replenishment and low construction margins.

"Kimlun guided for a subdued FY14 due to slow construction orderbook replenishment and low construction margins and only expects RM600mil job wins in FY14.

"Meanwhile, we expect its construction margins to be low (in the mid single-digit range) in FY14, given its orderbook mix that is skewed towards the construction of high-rise buildings," it said.

Source: The Star
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Kimlun

Postby winston » Mon Jul 13, 2020 8:58 am

not vested

On stock selection, Johor-based construction (with a niche in IBS) and precast products player, Kimlun’s (BUY-HLIB Research TP RM0.90) risk-reward profile is turning positive (trading at 5.6x FY21E P/E with 3.5% DY).

After plunging 47% to RM0.745 last Friday from a 52-week high of RM1.41 (12 July 2019), share price should be supported by Johor Menteri Besar’s positive remark yesterday that works on the Rapid Transit System (RTS) project linking Johor Bahru and Singapore are expected to begin in November since all the requirements in the agreement have been met by both parties.

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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