Skip to main content

Posts

Showing posts with the label Kelington

Featured Post

Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.

Kelington Set for Record Earnings in 3Q, Driven by Engineering Strength

Kelington Group Bhd (KL:KGB)  is poised to post  record quarterly earnings  for the July–September period, backed by stronger margins and robust contributions from its  advanced engineering division , according to  RHB Research . RHB estimates  core net profit  for the quarter could reach between  RM35 million and RM40 million , buoyed by higher revenue from  Singapore and Malaysia . The company is expected to announce its results on  Nov 24 , followed by an investor call the next day. “We see the industrial gas business supported by steady demand, albeit weaker year-on-year, due to softer specialty gas sales and project revenue,” RHB said in a note, maintaining its  ‘Buy’ call  on the stock. Momentum and Market View Kelington — a key  engineering and industrial gas provider  — has been among Bursa Malaysia’s standout performers in 2025, with its shares  rising over 50% year to date , defying broader market weakn...

Kelington Hits Record High as €50M Germany Deal Signals EU Expansion

Stock Surge Kelington Group Bhd ( KGB ) shot up nearly  +5% to RM4.39  on Tuesday morning — a  new all-time high  — as  investors cheered news of a potential foothold in Europe . Current price (9:30am) : RM4.34 YTD Gain : ▲24% Market Cap : >RM3B European Breakthrough Kelington received a  letter of intent  from an  existing Malaysian client  for a  semiconductor hook-up project in Dresden, Germany , potentially worth up to  €50 million (RM244M) . Hook-up  refers to the installation of utility and process systems in wafer fabs. RHB Research sees this LOI as a "precursor to a contractual agreement" with work  set to begin immediately . Big Picture: Riding the Chip Boom Kelington is capitalizing on the  EU’s Chips Act , which is driving a boom in semiconductor fabs across Europe.  Major players like  TSMC, Intel , and the  European Semiconductor Manufacturing Consortium  are fueling demand for engi...