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KKB (9466) : KKB ENGINEERING BERHAD
gen_hwang
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19 Feb 2012, 01:12 PMPost #1
Latest quarter, RM91M cash, RM4M borrowings. Revenue growing thanks to SCORE. Activity slowed in 2011. Bonus issue and share split in 2010. No mention of minimum payout so not qualify as dividend play.

Past data (2007-2011Q3), EPS, DPS, Payout ratio

15.48, 5, 32%
29.83, 17.5, 58%
45.23, 15, 33%
14.59, 8, 54%
23.69, 0, 0
ILoveDividend
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20 Feb 2012, 09:06 AMPost #2
Latest quarter, RM91M cash, RM4M borrowings. Revenue growing thanks to SCORE. Activity slowed in 201...gen_hwang @ 19 Feb 2012, 01:12 PM

Even though it has no dividend policy and it has been given high dividend for pass few years. But then, its business is going down since last year. sad
gen_hwang
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20 Feb 2012, 08:15 PMPost #3
doh

[not vested]
ILoveDividend
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20 Feb 2012, 08:32 PMPost #4
...gen_hwang @ 20 Feb 2012, 08:15 PM

Luckily i sold it when it announced the Q3 report in Nov last year. It is important to always keep track the company's report every quarter to see if any slow down or dropping in their business.

I will always reduce my stack if this happens to my stock unless it has a good reason. But in my opinion, construction and property counter is a riskly counter to invest.
ILoveDividend
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10 May 2012, 09:11 AMPost #5
Result dropping a lot. star
ILoveDividend
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05 Sep 2012, 10:48 AMPost #6
訂單達3.2億‧許甲明工程前景可期

(吉隆坡4日訊)許甲明工程(KKB,9466,主板工業產品組)從大股東砂州日光(CMSB,2852,主板工業產品組)手中,攫取總值7千440萬令吉的合約,為後者子公司供應混凝土碳鋼管和碳鋼機械式聯結裝置。此合約為期兩年。

分析

僑豐研究指出,這是許甲明工程在3個月內取得第四項工程合約,該公司今年至今的工程訂單提高至3億2千100萬令吉。

許甲明工程的合約流量再次印證了僑豐研究的觀點,即東馬再生能源走廊計劃如期進行,將令該公司2013年的業績表現穩健。

該行相信,短期內該公司有望獲取更多合約,因此將該公司2013財政年盈利預測從4千180萬令吉略為上調至4千520萬令吉,合理價從1令吉62仙調高至1令吉75仙,給予買進評級。

許甲明工程和Brooke船塢計劃中的聯營合約以進軍油氣領域,將可能為投資者帶來正面驚喜。

大馬研究則指出,許甲明工程今年至今已取得3億2千400萬令吉合約,超越該行預測的全年3億令吉。

該公司2012財政年上半年業績令人失望,惟至今所取得的重大合約將自下半年起推高其淨利,尤其是在2013年的表現。

該行保持買進評級,合理價為1令吉80仙。(星洲日報/財經)

http://biz.sinchew-i.com/node/64787?tid=18
CNY2012
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25 Feb 2014, 03:36 PMPost #7
AmResearch maintains Hold on KKB Engineering

KUALA LUMPUR: AmResearch is maintaining its Hold call on KKB Engineering with an unchanged fair value of RM2.71 a share, which is a 5% discount to its sum-of-parts value of RM2.85 a share.

KKB posted net profit of RM33.5mil (+63% on-year) which was significantly below expectations, coming in at just 60% and 66% of its and consensus forecasts, respectively.

KKB declared a single-tier final dividend of 5 sen/share for a total payout for the year of 7.5 se a share – translating to a yield of 2.9%.

AmResearch said revenue amounted to only 85% of its forecast, with engineering jobs accounting for 75% of its estimate. The result was mainly affected by the lack of jobs, with the group having only secured RM50mil worth of projects up until the end of November 2013.

“This was before it had won a RM227mil contract with CMS Infra Trading Sdn Bhd for the additional supply of mild steel (polyurethane-lined) pipes and “pipe specials”. The 18-month project (until May 2015) should help boost its performance ahead,” it said.

For the year, the pipe manufacturing division performed better than expected, with revenue exceeding our estimate by 26% – helping to mitigate the lack of engineering jobs.

For 4QFY13, its net profit disappointed, at RM3mil, down by 58%-59% on-quarter and on-year as engineering jobs were are at the advance stages of completion, while costs were also higher.

“KKB says the group continues to explore all opportunities in its specialised and growing structural steel engineering services with an increased focus on energy-related projects and a long-term objective to participate directly in the oil and gas industry via its associate OceanMight Sdn Bhd and other strategic partners.

“We believe the group currently still has an outstanding order book of over RM300mil. We maintain our numbers for now, pending more concrete news of its bids and participation in the O&G fabrications jobs,” it said.
ILoveDividend
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08 Aug 2018, 11:48 AMPost #8

Business is recovering...

Epic Malaysia
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08 Aug 2018, 02:03 PMPost #9

considered a very good trader and with quite objective strategies of this medium.
We offer latest updates for Malaysian Stock Market please visit.

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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry


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