The Next Hot Stuff III

There is this company from Sarawak called KKB Engineering.

Now if you have not heard about it before well it's rather too late because this stock has been one heck of a gem stock for some investors.

Ain't that a beauty! :D

And once can really said that this spectacular run-up is justifiable because the company's earnings has been spectacular!

Its trailing twelve months (ttm) earnings, which also co-incided with its total fy 2009 earnings, totals 36.4 million. Yes, it's slightly smallish but its earnings had increased drastically from its previous years. And as the chart of KKB indicated, the market is loving the stock by rewarding it handsomely!

From the company's notes.

• The Group’s current quarter revenue increased by 102.3% to reach RM62.1 million as compared to RM30.7 million recorded in the preceding year corresponding quarter. The improvement in revenue was attributed to the increase in revenue recognition for its Civil Construction division, which achieved RM29.9 million in consolidated revenue for the quarter as compared to RM8.7 million registered in the preceding year corresponding quarter. In addition, the Group’s turnover was further boosted by a 180.8% increase in revenue generated by its steel water pipes manufacturing business, which contributed RM14.6 million as compared to RM5.2 million reported in the preceding year corresponding quarter.

Missed out on this multi-bagger?

Many felt the same too. Now the steel water pipe industry is rather uninteresting and because of this, many tend to relate KKB with other Sarawak stocks.

Yes, it is indeed debatable.

Some simply call it hogwash and insist that this is a lone issue and that one should focus on this stock alone. Why bother with the rest?

Anyway for what's it's worth, here is a brief and random look at some other Sarawak stocks.

First up, is Naim Holdings.

The stock has performed rather well since last year too! Another multi-bagger!

Now some would say, yes the cynics and the critics would say that comparing with where the stock was last year is simply pointless. During that period last year most stocks were in the doldrums, so comparison is rather meaningless.

One would insist that one should look at Naim based on current times.

Shall we be not a mind less open and perhaps have a look also?

First here is KKB.

And here is Naim's.

Ah, suddenly Naim doesn't look as hot, yes?

And here is Naim's earnings numbers.


Rather unexciting yes? And if I am not mistaken, there was an issue of Naim last year, where Naim was questioned for under declaring its profits. Well Naim disposed its stake in Dayang and apparently the profits from the disposal was not declared properly.

Next up is Hock Seng Lee (HSL)

HSL's stock performance the last year.

Another multi-bagger! (LOL! Investing in stocks is not bad eh? Much better than the gold, yes? )

Here is how HSL has performed the last 3 months.

And here is HSL's earnings numbers.


Rather impressive eh? Much, much better than Naim, yes?

And then we have CMSB (Cahya Mata Sarawak).



It's barely a multi-bagger. :D


The stock has been doing rather well recently, yes?

However the earnings is rather fuzzy.


Lumpy since over the past years there are some huge disposal of assets. For example, recently, on 9th January 2010, Cahya Mata, unit to sell UBG stakes for RM466mil.

And there you have it, 4 little stocks, each performing wonderfully well for its investors since last year and needless to say, the past has nothing to with the future performance.

How?

Me say?

Any given stocks can go up on any given day.

ps: I do not know which of these stocks can go up. If you need to know, ask tk.