KPS (stock code: 5843) - A RM1bil [EMS] company in disguise? [$$bill dollardollarbill] Kumpulan Perangsang Selangor (KPS) The recent water cuts made me revisit Kumpulan Perangsang Selangor (KPS) since it once owned 30% of Syarikat Pengeluar Air Sungai Selangor (SPLASH) and currently owns Aqua-Flo and Smartpipe Technology which sells goods to Air Selangor (see pg. 278 of 2019 annual report). Many expect KPS to benefit from Air Selangor now that the government should become very serious about tackling water issues (water pipe leakages, pollution, etc.) in Klang Valley, given how furious the public has become. But water is not my purpose for writing this post. There’s way more value to KPS than that… During my research, I found out that KPS is actually more into manufacturing, in particular plastic injection moulding/EMS like SKP, VS, ATA IMS, HIL and Luster. I believe KPS makes a good proxy to plastic injection moulding/EMS players which have been quite bullis...
