Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Hold tight on your tickets every shareholders , eps will reach 0.20 in this calendar year, which means Pe given 17 share price could be $3.40 . Let’s see how it perform this year. Come on KGB !
Ace Gases Sdn Bhd has on 25 March 2024 commenced the liquid carbon dioxide production with an annual production capacity of up to 70,000 metric tons at the second LCO2 Plant located at PT 22980, Kawasan Perindustrian Lot P, Mukim Kertih, 24300 Daerah Kemaman, Terengganu.
We expect orders in Hong Kong to come in sooner, within the second or third quarter as we are already tendering for a project worth several hundred million ringgit, whereas Germany will take longer — perhaps closer to the year end or early next year,” says Ong.
uncle ken has been asking you to sell since KGB was rm1.20. if i was him, I would be so embarrassed that I would never open this page again. This guy really is something special. Keep you updated from 1.20 to 3.00. lol
IG segment continues to gain traction, with 33% YoY revenue growth for 1H24, thanks to the commencement of the second liquid carbon dioxide (LCO2) plant (end-Mar) and improved yields. We believe the IG segment will continue to drive overall margin expansion for the group, underpinned by the expansion into Indonesia and increasing demand, particularly from the Oceania, Africa, and India markets.
• Outstanding orderbook of MYR1.3bn as at end-Jun should keep the group busy over the next 9-12 months. YTD-Jun new job wins of MYR564m are on track to meet our target replenishment of MYR1bn for FY24F, armed with a tenderbook exceeding MYR1.6bn. The majority of the jobs secured are from China, where we gather fab expansion plans remain fervent. We believe the upcycle in the semiconductor space and the active tender pipeline in Singapore for 2H24 will bode well for KGB with more UHP projects in the offing.
During the 6-months ended 30 June 2024, the Group has secured new contracts amounting to RM564 million. Combined with projects carried forward from previous years, our total orderbook stood at RM1.87 billion of which RM1.29 billion remains outstanding.&
The Group remains proactive in tendering for additional projects, with a focus on the semiconductor sector in Malaysia, China, Singapore, Hong Kong and Germany.@
The Group's second LCO2 plant in Kerteh, which commenced operations on 25 March 2024, has increased our production capacity to 120,000 mt/year.
This strategic expansion positions the Group well to meet the growing export demand amid the global CO2 shortage.
Barring unforeseen circumstances, we are confident of delivering a commendable financial performance in FY2024, driven by the execution of our existing orderbook across key markets and the continued growth of our Industrial Gas business.
During the 6-month ended 30 June 2023, the Group has secured new contracts amounting to RM744 million in 2023. Including the projects carried forward from the previous years, our total orderbook stood at RM2.44 billion of which RM1.77 billion remains outstanding.
Prospects at the Industrial Gases division remain positive as demand for liquid carbon dioxide (LCO2) increases in tandem with the recovery in economic activities. We are also seeing an increase in export demand for LCO2 from the Oceania countries. To cater to the increase in demand, our second LCO2 plant at Kerteh will more than double the production capacity and further enhance the industrial gas division's financial performance starting from 4Q2023.
In addition, the commencement of our second onsite gas supply scheme in 4Q2023 to supply hydrogen, nitrogen and oxygen for an optoelectronics semiconductor giant in Kulim, Kedah will also contribute positively to the Group's earnings visibility over the next ten years.
Barring unforeseen circumstances, we are confident of delivering a commendable financial performance in FY2023 as we execute our existing orderbook across our key operating markets.