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Overview
Financial Highlight
Headlines
Business Background Keck Seng (Malaysia) Bhd is a Malaysia based company primarily engaged in the business of palm oil cultivation and manufacturing. In addition, it is also involved in the business activities of property development and investment, and hotels and resorts ownership. The operating segments of the company are Manufacturing, Hotels and resort, Property, and Plantations. It generates the majority of the revenue from the Manufacturing segment which relates to the processing and marketing of refined palm oil products. The group’s operations are carried out principally in Malaysia, Singapore, Hong Kong, Canada, and United States of America of which key revenue is derived from Malaysia.
  calvintaneng Hahaha Tsh got Rm150 millions in Inno shares or 105 million Inno shares TSH T = Tasty S = Sweet H = Honey 13/08/2024 3:40 PM calvintaneng Keck Seng In hokkien Gek sim = heart sick Tsh can up 100% to 200% like Bplant up from 57 sen to Rm1.55 Gek sim can down 30% or more in coming crisis when Trump terror tariff tax all 13/08/2024 3:42 PM  prudentinvestor "TSH T = Tasty S = Sweet H = Honey" Tua Pao Tan, no matter how you extol TSH, a useless stone can never become a diamond like Keck Seng. Just accept this reality. 13/08/2024 5:21 PM prudentinvestor "Yes Speakup Better buy Jtiasa than over already kseng anytime" Tua Pao Tan, 4 weeks ago you posted the above comment. Jtiasa has dropped by 10% (from 1.12 to 1.01), Keck Seng has just fallen by 3.5% (from RM6.20 to RM5.98). You keep bringing people to Holland. 13/08/2024 5:37 PM Superdaddy To me, Keck Seng is a super undervalued gems yet to be uncovered by many value investors. Cheers!!! 14/08/2024 12:57 PM Superdaddy Hopefully, someone can stop degrading such a wonderful stock in exchange of his own shares for his own benefits. Cheers!!! 14/08/2024 1:01 PM prudentinvestor This clown is likely heavily exposed to TSH. Can't say anything negative about TSH, otherwise he will track you down and say something bad about the shares you have bought. 14/08/2024 5:09 PM prudentinvestor Keck Seng is so illiquid that you can actually manipulate its share price to cause some jitters among small investors. My advice is, just hold on to your shares until golden eggs are being laid. 17/08/2024 6:04 PM  Sslee If you are shareholder of KSeng you can write to KSeng IR with CC to Julius Baer (Spore) to take action on calvintaneng for malicious act with intention of manipulating KSeng share price: Posted by calvintaneng > Aug 23, 2024 10:04 AM | Report Abuse Please take note and be warned Julius Baer (Spore) Kseng Top holder has been involved in wrongful acts in Singapore if there is any force liquidation Kseng will be impacted as Top holders might be forced sold so better sell Kseng or later Gek Sim (Heart sick with pain in hokkien) https://igamingbusiness.com/uncategorized/singapores-aml-charges/#:~:t.... 23/08/2024 10:14 AM calvintaneng please do think very carefully see two macro picture 1. In Peninsular (West Malaysia ) there is a 52% diesel price rise as such all industries will be impacted by a corresponding rise of 5% to as high as 30% these will see higher cost 1. property 2. construction 3. construction material 4.logistic that send goods by lorry or ships 5. consumer food and drink which are bulky 6. Toll road owners as lorries now see higher operation cost by 52% they will make less trip so less collections from till others 2. By Nov 2024 if Trump gets elected he will impose 10% tariff (tax) for all and for China it will be 60% tariff so all industries related to export to USA will be hit two things will hit all a universal price rise caused by rise of diesel 52% a universal tariff by USA from 10% to 60% that is why it is of utmost safety to go invest in East Malaysia stocks which got no 52% diesel rise there and palm oil export is more to India and China (not USA) 23/08/2024 10:22 AM prudentinvestor Smart people know how much Keck Seng is worth and won't be taken in by a Gong Kia's advice. They don't want to go to Holland. 23/08/2024 2:48 PM prudentinvestor @Sslee, very smart of you to repost CalvinTan's post accusing Julius Baer of involvement in wrongful acts in Singapore. It was Julius Baer's staff by the name of Liu Kai who was implicated. Unscrupulous CalvinTan has now deleted all his slanderous posts. 23/08/2024 3:12 PM prudentinvestor Ringgit's rapid rise over the last two months is bad news for Keck Seng. I doubt if the management has pared down its foreign currency holdings before Ringgit started to gain ground. 28/08/2024 10:24 PM jongtpuk Good news for companies that own huge land bank in Johor-Singapore Special Economic Zone... https://www.mti.gov.sg/Newsroom/Press-Releases/2024/08/Officials-met-in-Johor-to-advance-discussions-on-the-Johor-Singapore-Special-Economic-Zone 31/08/2024 5:11 PM calvintaneng These are some facts Refer to Bursa Annual Report 1. Kseng has less than 9,000 acres oil palm lands While Tsh Resources got over 150,000 acres 2. Spore Dbs Bank in Top 10 of Tsh but not in Top 10 of Kseng Why Dbs Bank only invest so much in Tsh Resources and not Kseng??? Why? See https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-04-25-story-h-182876873-TSH_RESOURCES_9059_2023_ANNUAL_REPORT_SHOWS_A_WONDERFUL_COMPANY_WITH_AM 31/08/2024 5:14 PM Diamond7 KSeng's core business is property and development. Q2 net profit is 26.03 million compared to Q1net profit of 18.875 million. It's second core business as hotel business . It's earnings rose from 5.089 to 18.658 million! It's oleo chemical business profits down to 0.904 million due to US currency fluctuation. But this is not KSeng's core business. Overall KSeng performance is good. Coming quarters in view of JB being new Shenzhen KSeng 's performance will be even better! This is a SMART market! KSeng's share price will continue go up based on it's earnings per share and dividend pay out! 31/08/2024 8:35 PM prudentinvestor Posted by calvintaneng > 21 hours ago | Report Abuse These are some facts Refer to Bursa Annual Report 1. Kseng has less than 9,000 acres oil palm lands While Tsh Resources got over 150,000 acres 2. Spore Dbs Bank in Top 10 of Tsh but not in Top 10 of Kseng Why Dbs Bank only invest so much in Tsh Resources and not Kseng??? Why? Calvin the Tua Pao wrote that Kseng has less than 9,000 acres oil palm lands. This is a deliberate misrepresentation of facts. 1 Keck Seng has nearly 600 acres (237 hec) of residential and commercial lands under development at Bandar Baru Kangkar Pulai 2 Keck Seng is also the owner of the 500 acre (208 hec) Tanjung Puteri Golf Resort which consists of a 54 hole golf course, clubs and other recreational facilities. 3 Keck Seng also owns the Tanjung Puteri Resort which is an 800 acre (359 hec) residential, commercial and industrial land under development. The rest of Keck Seng's nearly 9,000 acre land is under oil palm cultivation. Keck Seng's lands are all located in Johor Bahru, a city with a population of 1.8 million. In comparison, Nusantara is expected to have a population of 1.9 million in 2045. Keck Seng's land is worth at least RM4.5 to RM5 billion but TSH's land is worth at most RM10k per acre or just RM1.5 billion in total. One is a useless stone, the other is a piece of diamond. 01/09/2024 3:49 PM kk7198 I would think Oriental ( 4006 ) is better bet than both TSH and K Seng. Oriental has net cash of 3.1 billion and many undervalue lands. Better buy now as it would not stay below RM7.00 next year. 03/09/2024 10:45 PM prudentinvestor Oriental Holdings has more cash per share than Keck Seng but Keck Seng has lots of properties purchased over 40 years ago and yet to be revalued. 05/09/2024 9:31 AM prudentinvestor When Covid 19 lockdowns triggered a world wide economic recession and resulted in Keck Seng posting losses in 2020, it immediately stopped paying dividends though it still had plenty of cash. The Genting group of companies, though suffering from several years of losses continued to pay reasonably good dividends. Keck Seng's profit increased by several folds in 2023 and 2024 but it only increased its dividend payout by a disproportionate amount. 08/09/2024 12:44 PM prudentinvestor I think Oriental Holdings is a good and well managed company worth a second look. I have never bought this company before in my few decades of investment experience but have heard of its good performance and know that it is cash rich and had lost its Honda franchise in Malaysia many years ago. Just have a brief look at its annual report and now know it is a well diversified company. 08/09/2024 2:57 PM prudentinvestor Publish date: Thu, 19 Sep 2024, 08:22 PM KUALA LUMPUR: The ringgit has continued to strengthen against the US dollar, hitting a 28-month high versus the greenback after the United States Federal Reserve (Fed) kept to its words and delivered a 50-basis points interest rate cut last night, an analyst said. At 6 pm, the local note surged to 4.2025/2105 versus the greenback from Wednesday's close of 4.2410/2460, retaining its position as one of the top performing currencies in the Asian region. All the foreign exchange gains over the past two over years have been wiped out if the company has not pared down its foreign exchange holdings. I doubt it has. 19/09/2024 9:34 PM Diamond7 KSeng's core business is property n development Next is hotel business The strong ringgit will affect the Forex exchange n this loss is minimal...can easily be absorbed by it's core business gains n profits! KSeng will continue to report higher n higher earnings every quarter! Land is scarce! JB properties/ industrial lands ....selling like hot cakes! Sunway properties launched it's residential properties in JB n was fully sold in two hours!!! 29/09/2024 8:43 PM Diamond7 Beauty of JB theme play is.. Cresendo n KSeng... It's still young.... More to come!!! 29/09/2024 8:49 PM prudentinvestor Since Keck Seng is so grossly undervalued, the management should immediately spring into action after obtaining shareholders' mandate to buy back up to 10% of its issued shares but they practically did nothing. 02/10/2024 3:33 PM prudentinvestor Economics reporter mf is back again but I don't need his service. 02/10/2024 3:43 PM jongtpuk https://www.businesstoday.com.my/2024/10/04/jcorp-launches-new-container-operations-at-tanjung-langsat-port/ https://tlpterminal.com.my/wp-content/uploads/2024/04/Brochure-TanjungLangsatPort.pdf Keck Seng's land in Tanjung Langsat will reap the benefits of this proposed new container port. 05/10/2024 11:08 AM prudentinvestor Keck Seng has almost 5,900 acres of oil palm estate including 50 acres of industrial land just north of Tanjung Langsat Port. Part of the land is leasehold but the lease expires in 2115. The net book value of this piece of land is only RM32.6 million. 06/10/2024 5:21 PM prudentinvestor Should Tanjung Port need more land for expansion and buys land from Keck Seng, the cost of the land would likely be 80 to 100 times the net book value. 08/10/2024 12:03 PM prudentinvestor Those who wish to invest in Keck Seng better act fast. When the RTS is completed in two years time, you may not be able to get Keck Seng shares at below RM8. 15/10/2024 4:58 PM prudentinvestor Those who wish to invest in Keck Seng better act fast. When the RTS is completed in two years time, you may not be able to get Keck Seng shares at below RM8. 15/10/2024 4:58 PM Diamond7 2027. After the completion of RTS... JB n Spore becomes one city! FDI will flow in.. Population of JB will increase by keeps n bounce!!! Industrial lands n JB properties will be sold at higher n higher price! EPS of KSeng will rocket high! KSeng share price may touch RM8/9/10 Be forward looking n move in the right direction! 16/10/2024 10:18 PM prudentinvestor Keck Seng's net cash per share is RM3, SAB is RM2. Your forecast about Oriental was chun chun. 23/10/2024 5:17 PM kk7198 @prudentinvestor, still not late to join us. I foresee if the restructuring is on, it will trade above RM10.00 next year. 23/10/2024 9:55 PM prudentinvestor @kk7198, I topped up some Keck Seng shares quite a few months ago. If you had recommended Oriental Holdings earlier, I certainly would consider investing in the company. Now I am holding back on further investments. 27/10/2024 12:05 PM kk7198 @prudentinvestor, now is a good time to buy Oriental Holding. Div yield is 7% which you need to wait for the next one. Price has weaken a bit. Just buy and keep for next year. 29/10/2024 10:38 AM prudentinvestor Price movements are very artificial. People in the know are accumulating. 14/11/2024 9:07 AM kk7198 So true especially for counters which have low free floats. Oriental consolidation looks like is over, time to move up again. 14/11/2024 9:05 PM kk7198 So true especially for counters which have low free floats. Oriental consolidation looks like is over, time to move up again. 14/11/2024 9:05 PM prudentinvestor Fortunately for Keck Seng but unfortunately for our country, Ringgit's sudden drop over the past few weeks has substantially pared down Keck Seng's foreign exchange losses from over RM60 million as of around 30/09/24 to just over RM20 million today. This is insignificant for a company that has the ability to make over RM200 million net this year. 15/11/2024 12:44 PM prudentinvestor @kk7198, I have some investments in oil palm counters, hopefully palm oil prices would move further up, triggering a strong rally in palm oil counters just like what happened 2 years ago. Would dispose all this time and switch to Oriental Holdings. Pray for me Oriental would stay at this level for a while. 🤣🤣 15/11/2024 12:51 PM compoundingeffect is foreign currency loss a non operation siisue? Foreign currency losses can indeed be considered non-operational issues, depending on the context and the way a company's financial statements are prepared. Non-operational items are typically those that are not part of the company's core business activities. Foreign currency losses often fall into this category because they arise from fluctuations in exchange rates rather than the company's primary operations. For example, if a company based in Malaysia has investments or operations in the United States, the value of these investments can fluctuate with the exchange rate between the Malaysian Ringgit (MYR) and the US Dollar (USD). These gains or losses from currency exchange would typically be classified as non-operational in the financial statements. 16/11/2024 3:25 PM compoundingeffect I like the concept of owning Kseng and enjoying the "free landbank " dated back in 1980. Why is the land bank considered "free"? This is because the cash per share of the company is about RM3.2. + the company investment in securities RM1.15 and recurring rental income RM2.65=RM7 which is already higher than the current share price RM5.8. Kseng owns 9000+ acres of land in Johor. For every 1000 share of Kseng share is equivalent of owing 0.02365 acres of land. 16/11/2024 4:36 PM compoundingeffect Land is considered a valuable investment for several reasons: Appreciation in Value: Over time, the value of land tends to appreciate, especially in areas with growing demand due to population growth, urbanization, and economic development. Scarcity: Land is a finite resource; there’s only so much of it available, which makes it inherently valuable. Versatility: Land can be used for various purposes, such as residential, commercial, agricultural, or industrial developments, giving investors multiple options to generate income. Tangible Asset: Unlike stocks or bonds, land is a physical asset that you can see and touch. This can provide a sense of security for some investors. Hedge Against Inflation: Land often retains its value and even appreciates during periods of inflation, making it a good hedge against the declining purchasing power of money. Passive Income: Land can generate passive income through rental yields or leasing, particularly in the case of agricultural land or properties developed for commercial use. 16/11/2024 4:38 PM compoundingeffect Buying a listed entity solely because of its undervalued landbanks can be a risky strategy. While undervalued landbanks might seem like an attractive opportunity, there are several factors to consider: Market Conditions: The real estate market can be highly volatile. Economic downturns, changes in government policies, and shifts in market demand can significantly impact the value of landbanks2. Company's Financial Health: It's crucial to assess the overall financial health of the company. Even if the landbanks are valuable, the company might have other liabilities or operational issues that could affect its performance. Development Potential: The potential for development and the company's ability to execute development plans are important. Not all landbanks are equal; their value depends on location, zoning laws, and the feasibility of development projects. Management Quality: The quality of the company's management team and their track record in successfully developing landbanks can make a significant difference. Regulatory and Legal Risks: There might be legal or regulatory challenges associated with the landbanks that could affect their value. 18/11/2024 12:50 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
