George Kent

George Kent

Postby winston » Tue Dec 16, 2014 6:17 am

not vested

George Kent (M) Bhd ( Financial Dashboard)'s net profit for the third quarter ended Oct 31, 2014 (3QFY15) went up marginally by 2.3% to RM7.23 million from RM7.07 million in the previous corresponding quarter, largely due to the steady progress of the Ampang LRT line extension project.

Revenue for 3Q15 rose 33.63% to RM96.03 million from RM71.86 million in 3QFY14, the group's filing to Bursa Malaysia today showed.

The company also declares a second interim single-tier dividend of 1.2 sen per share, to be payable on Jan 26.

Its cumulative nine-month (9MFY15) net profit rose 11.66% to RM19.8 million from RM17.73 million in the previous corresponding period.

Revenue for the period, however, slipped 1.49% to RM235.93 million compared to RM239.49 million in 9MFY14.

George Kent share price fell five sen or 4.35% to RM1.10, translating to a market capitalisation of RM330.45 million.

Source: The Edge
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Re: George Kent

Postby winston » Tue Feb 20, 2018 8:03 am

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While most construction companies are perceived to have some sort of political link, perhaps the most distinct among them would be George Kent (M) Bhd

This stock has been on a non-stop upward trajectory. For 2017, the stock was up 76.38%. For 2018, on a year-to-date basis, George Kent continues to rise on contract wins and is now up 12.25% or 43 sen.

RHB Research has revised its earnings forecast on George Kent on a higher contract win possibility.

The research house said it has upgraded George Kent’s order book replenishment assumptions to RM5.5bil this year, which would almost double the group’s order book to RM11.3bil from RM5.8bil currently.

Last week, George Kent announced that it has joined forces with four foreign companies to form a consortium to bid for the Kuala Lumpur-Singapore high-speed rail project.

George Kent said it would collaborate with Siemens, Alstom, Ferrovie Dello Stato Italiane and the PORR group to form an engineering, procurement and construction, and operations and maintenance consortium to bid for the asset company tender of the project.

Source: The Star
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Re: George Kent

Postby winston » Thu Jun 27, 2019 9:09 am

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Trading Buy: GKENT - 3204
(Last price: RM1.10, Potential upside +18.2%)


Company Profile

GKENT is involved in engineering, specialising in rail systems, hospitals and water infra. GKENT is the largest water meter manufacturer in Malaysia and it also exports its water meters overseas to more than 40 countries


Trading Catalyst

Despite reporting a slower 1QFY20 results, our analyst had upgraded the stock to BUY with RM1.43 TP (+30% upside), banking on the stronger 2H performance due to resumption of LRT3 project, cheap valuations (8.9x FY20 P/E/-23% below 10Y average; 1.23x P/B/-35% below 10Y average), sound balance of RM0.44 net cash per share (40% of market cap), attractive FY20 dividend yield at 5.9%, and solid outstanding construction order book about RM6bn (including ~RM5bn LRT3 PDP) to provide 4-5 years earnings visibility.

Meanwhile, positive conclusion to Malaysia’s water restructuring saga should also bode well for GKENT, a vertically integrated service provider in M&E, civil engineering and water metering & valve manufacturing.

Technically, GKENT is poised for downtrend line breakout to spur prices towards RM1.20-1.30 zones.

Technical View
Resistance: RM1.15 / RM1.20 / RM1.30
Support: RM1.06 / RM1.03
Cut loss: RM1.02

Key Financial Stats
Trading at 8.9x FY20E P/E (ex-cash 5.3x P/E), supported by a 5.9% DY and RM0.44 net cash per share.

Source: HLIB
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