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Chemical Company of Malaysia
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Latest Reports
Date Description Country Analyst Download
20-Dec-2022 “We like KGB for its strong orderbook replenishment with latest new contracts secured reached a new high of RM1.36b. We recommended KGB in Jul 20 and it has done very well. Now, we still have a BUY call on the stock as it is trading at 18.1x PE based on EPS 8.1sen FY23F, which is more compelling than most technology stocks that are trading between 21x-30x PE.” Malaysia Malaysia Research Team
22-Jul-2020 YTD KGB’s share price has corrected 15% on anticipation of weak 1H2020 results that have been impacted by lockdowns in China, Malaysia and Singapore. Consequently, the delays in works delivery have affected revenue recognition from these countries. Nonetheless, KGB is poised for continuous growth to be driven by 5G, IoT and Industrial 4.0. Its huge presence in China will enable it to capitalise “Made in China” masterplan and US-China trade war. We have a BUY call on the stock and valuation wise it is now trading at 18.9x PE, which is more compelling than most technology stocks that are trading between 20x-40x PE Malaysia Malaysia Research Team
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