KGB 0151 QUARTERLY REPORT 31 MARCH 2019
Quarterly Report Review:
收入与去年同期相比减少12%主要是大型超高纯度（“UHP”）的项目已完成。
但净利却增加。
超高纯度占这季度主要收入的58%，其次是工程项目27%，总承包业务13%和工业气体2%。
该集团目前的总订单有4亿多令吉。
该集团预计2019财政年将会继续被新加坡和中国的UHP业务所推动。
工业气体业务将成为该集团的主要增长催化剂，并会在2020财政年开始生产液态二氧化碳（“LC02”）。
Reference Price:
23.05.2019
Price: RM 1.24
Rolling EPS: RM 0.0735
PE: 16.33
NTA: RM 0.4636
Price/NTA: 2.67
PE*Price/NTA: 43.68
Undervalued: RM 0.655
Fair Value: RM 0.875
Overvalued: RM 1.31
Disclaimer:
The information contained in this research is based on data obtained from sources believed to be reliable. However, the data and/or sources have not been independently verified and as such, no representation, express or implied, is made as to the accuracy, adequacy, completeness or reliability of the info or opinions in the research.
Accordingly, neither 以牛攻熊 nor any of its related companies and associates nor person connected to it accept any liability whatsoever for any direct, indirect or consequential losses (including loss of profits) or damages that may arise from the use or reliance on the info or opinions in this publication. Any information, opinions or recommendations contained herein are subject to change at any time without prior notice. 以牛攻熊 has no obligation to update its opinion or the information in this research.
Investors are advised to make their own independent evaluation of the info contained in this research and seek independent financial, legal or other advice regarding the appropriateness of investing in any securities or the investment strategies discussed or recommended in this research. Nothing in this research constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise represent a personal recommendation to you.
This research is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential. All materials presented in this research, unless specifically indicated otherwise, is under copyright to 以牛攻熊. This research and its contents may not be reproduced, stored in a retrieval system, redistributed, transmitted or passed on, directly or indirectly, to any person or published in whole or in part, or altered in any way, for any purpose.
This research may provide the addresses of, or contain hyperlinks to, websites. 以牛攻熊 takes no responsibility for the content contained therein. Such addresses or hyperlinks (including addresses or hyperlinks to 以牛攻熊 own site material) are provided solely for your convenience. The information and the content of the linked site do not in any way form part of this research. Accessing such website or following such link through the research or 以牛攻熊 site shall be at your own risk.
收入与去年同期相比减少12%主要是大型超高纯度（“UHP”）的项目已完成。
但净利却增加。
超高纯度占这季度主要收入的58%，其次是工程项目27%，总承包业务13%和工业气体2%。
该集团目前的总订单有4亿多令吉。
该集团预计2019财政年将会继续被新加坡和中国的UHP业务所推动。
工业气体业务将成为该集团的主要增长催化剂，并会在2020财政年开始生产液态二氧化碳（“LC02”）。
Reference Price:
23.05.2019
Price: RM 1.24
Rolling EPS: RM 0.0735
PE: 16.33
NTA: RM 0.4636
Price/NTA: 2.67
PE*Price/NTA: 43.68
Undervalued: RM 0.655
Fair Value: RM 0.875
Overvalued: RM 1.31
Disclaimer:
The information contained in this research is based on data obtained from sources believed to be reliable. However, the data and/or sources have not been independently verified and as such, no representation, express or implied, is made as to the accuracy, adequacy, completeness or reliability of the info or opinions in the research.
Accordingly, neither 以牛攻熊 nor any of its related companies and associates nor person connected to it accept any liability whatsoever for any direct, indirect or consequential losses (including loss of profits) or damages that may arise from the use or reliance on the info or opinions in this publication. Any information, opinions or recommendations contained herein are subject to change at any time without prior notice. 以牛攻熊 has no obligation to update its opinion or the information in this research.
Investors are advised to make their own independent evaluation of the info contained in this research and seek independent financial, legal or other advice regarding the appropriateness of investing in any securities or the investment strategies discussed or recommended in this research. Nothing in this research constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise represent a personal recommendation to you.
This research is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential. All materials presented in this research, unless specifically indicated otherwise, is under copyright to 以牛攻熊. This research and its contents may not be reproduced, stored in a retrieval system, redistributed, transmitted or passed on, directly or indirectly, to any person or published in whole or in part, or altered in any way, for any purpose.
This research may provide the addresses of, or contain hyperlinks to, websites. 以牛攻熊 takes no responsibility for the content contained therein. Such addresses or hyperlinks (including addresses or hyperlinks to 以牛攻熊 own site material) are provided solely for your convenience. The information and the content of the linked site do not in any way form part of this research. Accessing such website or following such link through the research or 以牛攻熊 site shall be at your own risk.
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