【KIMLUN 5171 交流专区】金轮企业

icy97

金輪企業獲近3億建築合約

財經股市21 Aug 2013 23:00
（吉隆坡21日訊）金輪企業（KIMLUN，5171，主要板建築）獲得柔佛州的建築合約，總值2億9640萬令吉。

該公司向馬證交所報備指出，子公司金輪私人有限公司獲得來自IOI房產（IOI Properties）子公司Wealthy Growth私人有限公司的頒發書。

文件顯示，是項合約主要是在柔佛興建兩棟服務式公寓及附屬建築，預計2016年5月可完工。[中国报财经]

KIMLUN CORPORATION BERHAD

Type	Announcement
Subject	OTHERS
Description	KIMLUN CORPORATION BERHAD ("KIMLUN" OR "THE COMPANY") - AWARD OF CONTRACT
The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the letter of award from Wealthy Growth Sdn Bhd, a subsidiary of IOI Properties Berhad for the construction of 2 towers of serviced apartments and ancillary buildings in Daerah Johor Bahru, Johor (“the Project”). The contract sum for the Project is Ringgit Malaysia Two Hundred Ninety Six Million Four Hundred Thousand (RM296,400,000). The construction work is expected to be completed by May 2016.   The Company does not foresee any exceptional risk other than operational risks associated with the Project. The Project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.   None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above Project.

LerWeiYu

为什么好消息来。。。股价还一直跌。。。

是七月见到什么什么。。。啦？

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/06/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2013	30/06/2012	30/06/2013	30/06/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	234,272	247,797	448,675	446,144
2	Profit/(loss) before tax	9,145	19,709	20,960	33,736
3	Profit/(loss) for the period	6,988	14,725	15,874	25,318
4	Profit/(loss) attributable to ordinary equity holders of the parent	7,032	14,745	15,987	25,358
5	Basic earnings/(loss) per share (Subunit)	2.92	6.24	6.65	10.74
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1619		1.1434

icy97

金輪企業獲馬星5907萬合約

企業財經29 Aug 2013 22:00
（吉隆坡29日訊）金輪企業（KIMLUN，5171，主要板建築）獨資子公司獲馬星集團（MAHSING，8583，主要板房產）子公司，頒發總值5907萬令吉合約。

該公司今日向馬證交所報備，金輪私人有限公司將為馬星房產私人有限公司，在柔佛新山承建工廠。有關工程預計明年10月竣工。

金輪企業指出，這項合約可在工程進行期間，貢獻公司淨資產及盈利。[中国报财经]

KIMLUN CORPORATION BERHAD

Type	Announcement
Subject	OTHERS
Description	KIMLUN CORPORATION BERHAD ("KIMLUN" OR "THE COMPANY") - AWARD OF CONTRACT
The Board of Directors of Kimlun Corporation Berhad ("KIMLUN" or "the Company") is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the letter of award from Mah Sing Properties Sdn Bhd, a subsidiary of Mahsing Group Berhad for the construction of factories in Daerah Johor Bahru, Johor (“the Project”). The contract sum for the Project is Ringgit Malaysia Fifty Nine Million and Seventy Thousand (RM59,070,000). The construction work is expected to be completed by October 2014. The Company does not foresee any exceptional risk other than operational risks associated with the Project. The Project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period. None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above Project.

icy97

金轮获颁3.3亿合约

财经新闻 财经  2013-09-07 11:20
（吉隆坡6日讯）金轮企业（KIMLUN，5171，主板建筑股）宣布，其子公司金轮有限公司（Kimlun Sdn Bhd）获颁两项总值3亿2550万令吉合约。

公司向马交所报备，首项价值2亿1000万令吉的合约由UEM阳光（UEMS，5148，主板产业股）子公司———Aston Star有限公司颁发。

金轮企业负责为其在柔佛努莎再也兴建2栋服务式公寓和办公室；工程预计在2016年3月份完成。

另一项总值1亿1550万令吉的合约，则由IOI产业子公司Wealthy Growth私人有限公司颁发。

金轮企业负责为其在柔佛的两栋商用产业，进行土方工程，打桩工程和结构工程，预计将在2014年9月份完成。[南洋网财经]

Type	Announcement
Subject	OTHERS
Description	KIMLUN CORPORATION BERHAD ("KIMLUN" OR "THE COMPANY") - AWARD OF CONTRACT
The Board of Directors of Kimlun Corporation Berhad ("KIMLUN" or "the Company") is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the award of 2 projects, the details of which are as follow: 1.Project description: Construction of service apartments and offices in Puteri Harbour, Nusajaya, Johor Bahru, Johor Contract sum: Ringgit Malaysia Two Hundred and Ten Million Only (RM210,000,000-00) Estimated date of completion: March 2016. Customer: Aston Star Sdn Bhd, a subsidiary of UEM Sunrise Bhd 2.Project description: Earthworks, piling works and structure works for two blocks of commercial buildings in Johor Bahru, Johor Contract sum: Ringgit Malaysia One Hundred Fifteen Million Five Hundred Thousand Only (RM115,500,000.00) Estimated date of completion: September 2014. Customer: Wealthy Growth Sdn Bhd, a subsidiary of IOI Properties Bhd The Company does not foresee any exceptional risk other than operational risks associated with the Projects. The Projects are expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period. None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above Projects.

kongsenger

Malaysian Resources Corp - Asset sale to the rescue?
http://klse.i3investor.com/blogs/cimbresearchklse/36564.jsp
Price Target  :         1.64
Price Call      :         HOLD

Target RM1.64 (Long Term: Neutral)

While a potential property asset sale as recently reported by the press is a positive surprise, it does not alter the stockfs negative sentiment from the less-than-encouraging progress of the PJ Sentral M&A. Net gains from the potential sale would raise its RNAV by 9%. The net gains of up to RM350m would boost EPS but we make no changes for now as the deal is still on-going. We raise RNAV as we roll over valuations to end-14 and apply a higher 15.9x P/E (15.6x prev.), in line with our revised target market P/E. Our higher target price is still pegged to a 30% RNAV discount. The asset sale gains are counterbalanced by the subdued M&A and job flows outlook in 2H. Maintain Neutral.

The net gains of up to RM350m would boost EPS but we make no changes for now as the deal is still on-going. We raise RNAV as we roll over valuations to end-14 and apply a higher 15.9x P/E (15.6x prev.), in line with our revised target market P/E. Our higher target price is still pegged to a 30% RNAV discount. The asset sale gains are counterbalanced by the subdued M&A and job flows outlook in 2H. Maintain Neutral.

What Happened
In an article last Friday, Focus Malaysia said MRCB plans to divest its Platium Sentral building located in its KL Sentral development in a bid to pare down its debt. Platinum Sentral, comprising five low-rise blocks offering office and retail space, was first launched in May 12. CBRE has been appointed to handle the sale. The valuation of the 980k sq ft GFA building (445k sq ft NLA for office space) is approximately RM750m. The office space is fully tenanted; key tenants include SME Corp and the Land Public Transport Commission (SPAD).

What We Think
The news article was a positive surprise. Management confirmed that there are plans to monetise Platinum Sentral but progress is still in the early stages. The asset sale could be realised in 2H13 or FY14. If the deal materialises, MRCB would pocket a net gain of up to RM350m (RM750m selling price, RM400m BV). This would be a significant boost to its FY13/FY14 EPS and potential raise RNAV by as much as 9%.

What You Should Do
Stay on the sidelines. The timeline for the asset sale remains fluid. Positive expectations from this deal are counterbalanced by the subdued 2H outlook, in our view. Resolution to the outstanding PJ Sentral portion (key targeted asset) of MRCB's M&A deal remains uncertain. The PJ Sentral part remains a challenge as 30% shareholder PKNS has legally contested the deal. Even with the recent RM130m river infra project secured, its job flow outlook remains unexciting for now. Switch to IJM Corp as the group could benefit from the progress of private-sector projects in 2H.

Source: CIMB Daybreak - 09 September 2013

kongsenger

Kimlun Corporation - On a Winning Streak!
http://klse.i3investor.com/servlets/ptres/18386.jsp
Price Target:         1.93        
Price Call    :         HOLD

News  Last Friday, Kimlun announced that they have bagged more two contracts in Johor with a total value of RM325.5m. The details are as follows:  (i) Construction of service apartments and offices (RM210m) in Puteri Harbour, Nusajaya awarded by Aston Star Sdn Bhd, a subsidiary of UEM Sunrise Bhd, slated for completion in 2016.  (ii) Earthworks, piling works and structure works (RM115.5m) for two blocks of commercial buildings from Wealthy Growth Sdn Bhd, a subsidiary of IOI Properties Bhd, to be completed in 2014.

Comments  We are pleased with Kimlun’s ability to continually replenish its orderbook within a short span of time, while its year-to-date orderbook replenishment of c.RM1.0b has far exceeded our FY13 assumptions of RM500m but it is still within our FY14 assumptions of RM900m. Hence, we are neutral on these contract wins as we expect these projects to only start contributing in earnings from 2014 onwards, as the contracts were only awarded award in 3Q13.

By assuming a conservative 7% pre-tax margin, these two projects could possibly translate to about RM17.1m to Kimlun’s bottom line. Our assumption is conservative as earthworks and pilling work projects generally commands better margin at the range of 10%-12%.

Outlook  The recent contract award has further boost Kimlun’s total outstanding orderbook from RM1.7b to the RM2.0b mark (construction: RM1.6b, manufacturing: RM400m), enough for its turnover churn for the next two years.

Its maiden property project in Cyberjaya with an estimated GDV of RM240m has received positive response with 70% take-up rate and lock-in sales of RM108m. We expect some positive contribution from its property division in 2H14.

Forecast  No changes to our earnings forecasts.

Rating   Maintain MARKET PERFORM

Valuation  We are keeping our TP of RM1.93 based on an unchanged 9x FY14 PER.

Risks  Delays in projects executions and higher-thanexpected building material prices.

Source: Kenanga

kongsenger

Kimlun Corp - Double contract win
http://klse.i3investor.com/servlets/ptres/18383.jsp
Price Target:         1.76
Price Call    :         HOLD

News
Secured 2 projects collectively worth RM325.5m:
(1) RM210m from UEM Sunrise for the construction of service apartments and offices in Puteri Harbour, Nusajaya. The project is expected to be completed by Mar-16.

(2) RM115.5m from IOI Properties for earthworks, piling works and structure works for 2 blocks of commercial buildings in Johor Bahru. The project is expected to be completed by Sep-14.

Highlights
Big win… Both these orders are a welcomed development following Kimlun’s earnings disappointment. The contract size is material as it makes up 40% of FY12’s construction revenue and 25% of its previous outstanding order book of RM1.3bn.

5th major win… The orders mark Kimlun’s 5th major contracts win for the year. Hence, bringing YTD jobs secured to RM1.08bn, exceeding our RM700m order book replenishment assumption for FY13.

6.8 sen/share… Assuming a PAT margin of 5%, this project translates to 6.8 sen/share for the company.

Earnings visibility… Overall, Kimlun has an outstanding construction order book of RM1.63bn and RM400m manufacturing orders. This translates to 2.0x and 4.2x FY12’s construction revenue and manufacturing revenue respectively.

Risks
Execution risk; Regulatory and political risk (both local and abroad); Rising raw material prices; and Unexpected downturn in the construction and property cycle.

Forecasts
Although contract wins have exceeded our RM700m order book replenishment assumption for FY13, earnings contribution will only be material from FY14 onwards. Hence, we are keeping our estimates unchanged for now.

Rating
HOLD

Positives:
(1) Bigger than expected contract wins.
(2) Recovery in earnings margin.
(3) Contribution from Cyberjaya property development.

Negatives:
(1) Longer than expected gestation period of new manufacturing facilities.
(2) Sharp slowdown in the property sector which may affect existing property-related projects.

Valuation
Maintain Target Price of RM1.76 based on unchanged 10x FY13 earnings.

Source:Hong Leong Investment Bank Research - 9 Sep 2013

kongsenger

Kimlun Corporation - Wins two jobs worth RM330mil
http://klse.i3investor.com/servlets/ptres/18393.jsp
Price Target:         3.20
Price Call    :         BUY

- Last Friday, Kimlun Corp Bhd announced on Bursa Malaysia that it had accepted the award of two projects in Johor worth a total of RM330mil.

- The first project worth RM210mil is for the construction of service apartments and offices in Puteri Harbour. The award is by UEM Sunrise Bhd’s unit Aston Star Sdn Bhd.

- The second project worth RM115.5mil is for earthworks, piling works and structure works for two commercial building blocks in Johor Bahru. The award is by IOI Properties Bhd’s unit Wealthy Growth Sdn Bhd.

- The two projects are expected to be completed by March 2016 and Sept 2014, respectively.

- With the two new jobs, Kimlun has won a total of ~RM1bil new jobs for this year. This has exceeded our FY13F assumption of RM650mil and last year’s new job wins of ~RM800mil.

- The new job affirms our view of Kimlun – a Johor-based construction player – as a cheaper proxy to the surge in construction jobs in Iskandar Malaysia. Kimlun’s outstanding order book stood at RM1.3bil as at end-June.

- Kimlun has also won a RM60mil job from Mah Sing to construct factories, and a RM296mil job from IOI Properties to build serviced apartments.

- Management has earlier indicated that 2H would likely remain muted due to lower margins and deferred recognition of construction jobs. Nevertheless, we remain optimistic as we expect contributions to come in strongly from the new job wins from FY14F onwards.

- Meanwhile, we understand that the main contractor of Singapore’s Thomson MRT line is expected to be appointed soon, with the precast packages expected to be awarded by yearend.

- Pending a meeting with management, we maintain BUY on Kimlun with a fair value of RM3.20/share – a 20% discount to our SOP-derived value of RM4.00/share. It is currently trading at 5x-10x PE for FY13F-15F.

Source: AmeSecurities

icy97

成本壓縮利潤‧金輪財測下調

2013-09-11 17:39      
（吉隆坡11日訊）金輪企業（KIMLUN，5171，主板建筑組）新合約無法於今年顯著釋放價值及面臨成本壓縮利潤問題，被分析員下調淨利預測13%。

興業研究指出，金輪企業目前獲取約10億令吉新建築合約已超越預期，同時表示年杪可獲取5千萬至1億令吉新建築合約，促使2013年新建築訂單提高至11億令吉。

“不過這些合約料無法於今年內顯著釋放價值，亦將面對成本高漲壓縮利潤問題，加上洋灰業務因新廠初始成本及低使用率（30-40%）而面臨成長期“陣痛”，柔佛Ulu Choh廠房也因為預期新加坡將改變洋灰產品標準，須投資新技術，決定下調金輪企業淨利預測13%。”

目前，該公司建築訂單企於20億令吉，2013及2014財政年資本開銷分別為4千萬及2千500萬令吉。

至於產業發展，該公司持有51%股權、發展總值2億4千萬令吉的首個產業項目HyvesSoho套房已售出70%，興業預計可在2014財政年貢獻15%息稅前盈利。

興業依然看好在巴生河流域捷運工程（MRT）及其它大型計劃帶動下，建築領域前景強穩。

興業認為，金輪企業供應捷運工程預鑄箱式橋樑（SBG）和隧道管片襯砌（TLS）的生產項目，是該大型基建計劃價值鏈不可或缺股項，特此維持“買進”評級及目標價2令吉61仙。（星洲日報／財經）

icy97

金輪爭取新捷運工程

2013-09-17 17:16      
（吉隆坡17日訊）金輪企業（KIMLUN，5171，主板建筑組）料從依斯干達建築工程及馬新捷運工程中受惠，前景受看好。

根據該公司管理層透露，將在柔佛工廠投資新“固化技術”，以符合新加坡捷運工程標準，今年資本開銷約3千500萬至4千萬令吉，明年將合理化至2千萬令吉。

利潤承壓
不過為反映新訂單因高成本導致利潤被壓縮，大馬研究稍微調整2013至2015盈利，並提高新訂單預測；不過在吸納成本效益欠佳、貶值增加和薪資成本增加，預料賺會被壓縮。

今年金輪企業已獲取10億令吉新訂單，已經超越大馬研究之前預測的6億5千萬令吉，其中有6億8千萬令吉是在下半年（大選後）獲取。

該公司管理層表示，今年料可另外獲取5千萬至1億令吉工程，因此大馬研究調高2013年新訂單預測至11億令吉，不過價值僅於2014年之後才可釋放。

截至6月止，該公司手上訂單量為17億令吉，其中建築及製造訂單分別為13億及4億令吉。

大馬研究表示，據知新加坡湯申（Thomson）地鐵線即將委任主要承包商，相信金輪企業將成為隧道襯砌管片（Tunnel Lining Segment）配套的領跑者，估計價值1億新元（約2億5千萬令吉），將於今年杪頒發。”

產業方面，管理層透露，持有51%股權的Hyve Soho產業發展計劃已售出70%（發展總值2億4千萬令吉），料明年開始貢獻；至於柔佛Medini南部的5.3英畝產業發展還未完成規劃，僅於2014至2015年推出。

大馬研究看好金輪企業，因為預料將從依斯干達建築工程、新加坡及巴生河流域捷運工程中受惠，維持“買進”評級，目標價從3令吉20仙調高至3令吉22仙。（星洲日報／財經）

icy97

金轮企业获7050万合约

财经新闻 财经  2013-10-26 13:13
（吉隆坡25日讯）金轮企业（KIMLUN，5171，主板建筑股）宣布，接获总值7050万令吉的工程授权书。

金轮企业向马交所报备，独资子公司金轮私人有限公司，接获实达集团（SPSETIA，8664，主板产业股）独资子公司Bukit Indah（柔佛）私人有限公司，颁发的授权书，在柔佛新山兴建公寓和附属建筑物。

该公司指出，建筑工程料在2015年10月完成，并在合约期间对金轮企业的盈利和净资产带来贡献。[南洋网财经]

KIMLUN CORPORATION BERHAD

Type	Announcement
Subject	OTHERS
Description	KIMLUN CORPORATION BERHAD ("KIMLUN" OR "THE COMPANY") - AWARD OF CONTRACT
The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the letter of award from Bukit Indah (Johor) Sdn. Bhd, a wholly owned subsidiary of SP Setia Bhd for the construction of apartments and ancillary buildings in Johor Bahru, Johor (“the Project”). The contract sum for the Project is Ringgit Malaysia Seventy Million Five Hundred Thousand Only (RM70,500,000). The construction work is expected to be completed by October 2015.   The Company does not foresee any exceptional risk other than operational risks associated with the Project. The Project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.   None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above Project.

icy97

金輪獲7千萬合約唱好

2013-10-28 17:34      
（吉隆坡28日訊）金輪企業（KIMLUN，5171，主板建筑組）獲總值7千萬令吉合約，以為實達集團（SPSETIA，8664，主板產業組）在柔佛新山建築公寓，分析員認為，儘管訂單接近全年目標，但所獲合約在明年才能對盈利作出貢獻，因此普遍維持該公司財測。

該合約預計在2015年10月完成，分析員指出，該合約促使金輪在今年所攫取的訂單總值觸及11億令吉，與管理層的預期相符；訂單總額從17億令吉增至20億令吉大關，可足夠讓該公司忙碌兩年。

惟肯納格研究表示，若以7%的稅前賺幅保守估計，該合約料可貢獻370萬令吉淨利。

前景方面，肯納格指出，儘管訂單充實，惟該公司在今年仍面臨眾多挑戰，包括津貼合理化、外勞短缺與固定成本高企等促使營運成本走高。

然而，安聯表示，該公司為產業發展商的承包商，使其仍是柔佛依斯干達發展計劃的主要受惠股項。

“依斯干達發展蓬勃，目前已吸引共1千282億令吉的資金投入發展，其中44%計劃以完成；同時，第三季的數據顯示投資從前期的76億令吉增至93億令吉。”

此外，肯納格預計，該公司在賽城的產業計劃將在明年作出正面貢獻。（星洲日報／財經‧報道：劉國通）

icy97

金輪企業4646萬售地

企業財經29 Oct 2013 22:27
（吉隆坡29日訊）金輪企業（KIMLUN，5171，主要板建築）與Bina Plastic工業私人有限公司簽署買賣協議，以4646萬2347令吉出售9塊農業地。

金輪企業脫售土地所得資金，其中90萬4000令吉供買賣交易成本用途，1880萬令吉用以償還銀行貸款，其余2675萬8347令吉供資本開銷。

上述佔地17.266公頃土地交易，將在2014年首季完成，料為金輪企業帶來1070萬令吉收益。同時，該集團負債率會降至0.07倍。[中国报财经]

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KIMLUN CORPORATION BERHAD (867077-X) ("KIMLUN" or "THE COMPANY") DISPOSAL BY KIMLUN LAND SDN BHD (926350-P), A WHOLLY OWNED SUBSIDIARY OF KIMLUN CORPORATION BERHAD, OF NINE PARCELS OF FREEHOLD AGRICULTURE LAND IN MUKIM SETUL, DAERAH SEREMBAN, NEGERI SEMBILAN ("DISPOSAL")
The Board of Directors of Kimlun (“the Board”) wishes to announce that on 29 October 2013, its wholly owned subsidiary, Kimlun Land Sdn Bhd ("KLLSB"), has entered into a Sale and Purchase Agreement (“Agreement”) with Bina Plastic Industries Sdn Bhd (“BPISB”) for the disposal of nine parcels of freehold agriculture land on en bloc basis for a total cash consideration of RM46,462,347.57 (“Disposal Consideration”). This announcement is dated 29 October 2013. Please refer to the attachment for details of the announcement.

Attachments Kimlun - Disposal of Nilai Land_29 10 13.pdf

icy97

捷运工程支撑 金轮企业下财年看俏

财经新闻 财经  2013-10-30 12:15
（吉隆坡29日讯）金轮企业（KIMLUN，5171，主板建筑股）对现财年盈利展望虽抱持谨慎态度，但看好该2014财年可交出强劲盈利表现。

分析员仍相信，金轮企业为捷运计划价值链中“必须持有”的股票，所以维持该股“买入”评级，目标价则随调整后的2014财年每股盈利，从原先的2.61令吉下修10%至2.36令吉。

兴业研究分析员表示，近期在跟金轮企业管理层会面后，得出两个关键观点。

首先是鉴于在建筑业务和制造业务面对成本压力，导致该集团对2013财年盈利展望抱持谨慎态度。

“建筑业务2013财年盈利，预期仅相当于上财年3季的规模，攫取的工程合约预期仅有11亿令吉（今年迄今达10亿令吉）。”

同时，面临捷运计划第2线工程的延迟颁发，使得为金轮企业旗下节段箱梁（segmental boxgirders，简称SBG）和隧道衬砌管片（tunnel lining segment，简称TLS）业务，也需继续等待来自第2线工程的新订单。

财测下修

因此，该集团有意祭出权宜措施，即把位于森美兰新那旺厂房，转换用于生产预制建筑构件，如工业建筑系统（IBS）。

“政府尚未正式颁发总值250亿令吉第2线工程合约。预期该工程实体工作，会在2015年底启动。”

在纳入捷运工程进度缓慢及新攫取工程较低赚幅的考量后，分析员对金轮企业2013与2014财年净利预测，分别下调12%和10%的。

“只要总值730亿令吉的捷运工程计划仍完整无缺，我们相信本地建筑领域将可继续交出好表现，并持续忙碌至2019年。”[南洋网财经]

icy97

金輪售地看法正面

2013-10-30 17:22      
（吉隆坡30日訊）金輪企業（KIMLUN,5171,主板建筑組）宣佈以4千650萬令吉脫售位於汝來的9幅農地，分析員對此看法正面，因這不僅可改善該公司的負債比，還可將資源引導至建築與製造業務，以執行與傳遞部門中的大量訂單，優於受縛於土地持有成本。

農地買家為BINA塑膠工業公司，預計在明年首季完成交易；同時，金輪擬將所獲資金中的1千880萬令吉或40%償還債務，以及2千580萬令吉作為營運資本。

豐隆研究指，該土地在2011年以2千740萬令吉收購，如今脫售後可為該公司捎來1千零7萬令吉或每股4.4仙的賺益，賺幅達70%。

“儘管我們將售地盈利歸類為非經常性收入，但重要的是，這將促使該公司的淨負債水平從1億6千780萬令吉改善至1億2千130萬令吉，負債比也從59.6%降低至42.3%。”

鑑於脫售土地可讓該公司省下利息開銷，豐隆分別上修金輪2014及2015財政年財測2.2%和4.1%。

大馬研究表示，如今該公司可將售地所獲資金用於發展其在賽城（CyberJaya），發展總值約2億4千萬令吉的HYVE產業計劃，及其他在手中的計劃。

“HYVE計劃在今年2月已推出，目前已達70%訂購率；產業計劃預料在2016年可完工，但只有在明年後才有較明顯的盈利貢獻。”

同時，大馬研究透露，總值約11億新幣的新加坡政府工程計劃，湯申地鐵線（Thomson Line）已在本月頒發，而其中總值1億新幣（約2億5千萬令吉）的隧道襯砌工作將在年杪頒發。

“我們看好金輪為依斯干達、巴生河流域和新加坡捷運工程計劃的受惠股項，且預見2014及2015財政年的盈利可受11億令吉新合約所提振。”（星洲日報／財經‧作者：劉國通）

icy97

发附加股送凭单 金轮企业料筹6612万

财经新闻 财经  2013-11-01 11:00
（吉隆坡31日讯）金轮企业（KIMLUN，5171，主板建筑股）建议附加股送凭单计划，预估可筹措超过6612万令吉。

金轮企业建议，以4配1的比例发售附加股，此外，每认购1股附加股，可获得1张免费凭单。

金轮企业目前未决定附加股的发行价，但确定不会低于每股面值50仙。以每股1.10令吉的初步发售价推算，公司预期可筹获6612万4000令吉，其中6492万4000令吉充作营运资本。

金轮企业表示，通过发行附加股送凭单的筹资计划，公司无需向银行贷款，可避免承担利息开销。

同时，公司也可提升股票流动量和财务弹性，并提升公司资本架构、强化财政与降低负债率。

此外，金轮企业股东也有机会增加持股权。公司预期，2014年首季完成发行附加股计划。[南洋网财经]

KIMLUN CORPORATION BERHAD

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	KIMLUN CORPORATION BERHAD ("KIMLUN" OR THE "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 60,112,500 NEW ORDINARY SHARES OF RM0.50 EACH IN KIMLUN ("KIMLUN SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FOUR (4) EXISTING KIMLUN SHARES HELD TOGETHER WITH 60,112,500 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED FOR, BASED ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS")
On behalf of the Board of Directors of Kimlun, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake a renounceable rights issue of 60,112,500Rights Shares on the basis of one (1) Rights Share for every four (4) existing Kimlun Shares held together with 60,112,500Warrants on the basis of one (1) Warrant for every one (1) Rights Share subscribed for, based on an entitlement date to be determined later. Further details on the Proposed Rights Issue with Warrants are set out in the attachment. This announcement is dated 31 October 2013.

Attachments Kimlun-Announcement 2013 10 31.pdf

rain2008

上面的是什么东西啊？

会影响到我们什么啊？

icy97

凭借专业技术拓展业务　金轮机构扶摇直上

二零一三年十一月二日 晚上七时五分
（吉隆坡2日讯）金轮机构有限公司（KIMLUN，5171，建筑组）利用在工业化建筑体系（IBS）的专业知识来进军产业发展，这一策略已见成效。

该家以柔佛为基地的公司，主要从事电机工程和建筑业务，以及制造混凝土产品。迄今，新的建设合约已取得10亿令吉，主要的工作地点是在蓬勃发展的大马依斯干达经济特区内。

截至2013年6月30日止，金轮机构的订单总值高达17亿令吉，其中13亿令吉是从事建设项目，而其剩余的4亿令吉是制造合约。

在一项访谈中，该集团首席执行员沈添良说，85％的新项目是来自依斯干达的私营产业发展，而其余则来自雪兰莪的私营产业发展。

他补充，这些项目的利润赚幅介于6％至12％。

基于它与常客的出色招标，他有信心在今年剩下的日子，集团可以锁定总值5000万至1亿令吉的建设项目。

他补充，过去6年，金轮机构的营业额皆以大约20％的年均复合率增长，主要是受到依斯干达区的蓬勃发展所带动。该催化剂是来自依斯干达区的各项建设服务，以及将业务扩展到巴生谷。

“我们强调人力资本，并提供可观的资本开支以增加我们的实力和能力。这些都使我们能够增加混凝土产品系列，以及承担更加复杂和规模庞大的建设项目。”

进军产业和捷运项目

沈氏补充：“随着拥有丰富的建造经验，该集团涉足产业发展。”

目前正在进行中的项目，包括：为IOI产业集团在新山兴建总值2亿9640万令吉的服务式公寓，以及为UEM阳光有限公司（UEMS，5148，产业组）在公主港兴建服务式公寓和写字楼。

金轮机构也参与新加坡和巴生谷的捷运（MRT）项目。

在本地8家有给予金轮机构评级的证券研究行中，有3家建议‘买入’，以及1家给予‘增持’评级。

阿马证券研究行形容该集团是依斯干达区庞大建设项目，以及巴生谷和新加坡捷运工程的代理商。它预测金轮机构的盈利，从2013年的4410万令吉上升至2014年的7890万令吉，并进一步走高至2015年的8810万令吉。

此外，兴业证券研究行指出，金轮机构是一只‘必须拥有的’股票，因为它拥有巴生谷捷运工程的价值链，主要是参与生产节段桥梁和隧道衬砌。

在巴生谷捷运工程下，金轮机构持有总值2亿2318万令吉的供应节段桥梁的合约，以及4849万令吉的合约提供隧道衬砌。

在新加坡，它拥有合约为市区线的捷运和电缆隧道提供隧道衬砌。

依斯干达项目贡献重大

依斯干达发展步伐迅速，对金轮机构产生积极影响，当完成主要催化项目，如乐高乐园、公主港室内主题公园，教育城及高速公路后，它已经达到其临界点。

我国与新加坡的友好关系，以及在依斯干达不断推出的工程，进一步鼓励投资者在该处进行商业投资和投资产业。这对该区的各项产业包括工业，住宅或商业皆产生强劲的需求。[东方日报财经]

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2013	30/09/2012	30/09/2013	30/09/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	227,420	215,001	676,095	661,145
2	Profit/(loss) before tax	7,727	15,759	28,687	49,495
3	Profit/(loss) for the period	6,896	11,715	22,770	37,033
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,913	11,793	22,900	37,151
5	Basic earnings/(loss) per share (Subunit)	2.88	4.96	9.52	15.64
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1906		1.1434