$JTIASA (4383.MY)$ Not on board yet! Opportunity is here 😀

$KGB (0151.MY)$
KGB's business includes the delivery system of ultra-high purity (UHP) gases and chemicals, General Contracting & Process Engineering.
In 2018, the company raised funds through a Private Placement to build its first carbon dioxide liquefaction plant 🏭, creating a sustainable passive income. Plant 1 was completed in 2019, so you can see that the CAPEX for 2019 was a historical high of RM33.5 million.
With the management's efforts, the industrial gas business contributed over RM15 million in PAT in FY2022, and is expected to reach between RM25 - 30 million in 2023, with a high gross margin of 30%. Although it only accounts for 7% of the company's revenue, it contributes nearly a quarter of the profit.
Due to strong demand for liquefied carbon dioxide, the company started the construction of Plant 2 in 2022. P2 has a capacity of up to 70,000 MT, which is 40% more than Plant 2's 50,000 MT, with a total capacity of 120,000 MT. Therefore, the CAPEX for 2023 reached a new historical high of RM69.17 million, and Plant 2 will commence operation in March 2024.
Plants 3 and 4 are planned to be completed by FY2023. These new plants will further increase the company's production capacity and contribute to future growth.