Business Description:
Kelington Group Berhad. The Group's principal activities are providing engineering services and general trading. It provides UHP gas and chemical delivery systems solutions that comprise of products and services, such as system design and installation, gas and chemical industry equipment, control and instrumentation, QA and QC, as well as maintenance and servicing to various foundries and clients who require UHP gas or chemical delivery systems in Malaysia, the People's Republic of China, Taiwan and Singapore.
Current Price (3/26/2010): .74
(Figures in Malaysian Ringgits)
Wright Quality Rating: LBNN
The ratings consist of three letters and a number. Each letter reflects a composite qualitative measurement of numerous individual standards which may be summarized as follows:
A = Outstanding; B = Excellent; C = Good; D = Fair; L = Limited; N = Not Rated.
Comment:
This is a recent IPO (November 2009).
Probably better to avoid IPO in general.
Its longer term profitability and growth have yet to be established.
Can relook after a few years when its business track record can be better assessed.
A quick look at KGB.
http://spreadsheets.google.com/pub?key=tHqBfx2E03AKh6UHmeay3aw&output=html
Once again, it is not easy to assess a newbie company.
Fair comment insofar as waiting a few years to see how things pan out in terms of sustainability.
ReplyDeleteOnly thing is they have made over RM20 million in cumulative net Profits over past 3 years and should qualify them to transfer to the Main Board.
Very small paid up, tons of cash on hand and solid Shareholders Funds all make compelling reading.
Once out of Ace Market, it would put them squarely within the radar screens of Fund Managers.