KSL HOLDINGS BHD
KLSE (MYR): KSL (5038)
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Last Price
1.78
Today's Change
-0.04 (2.20%)
Day's Change
1.78 - 1.83
Trading Volume
1,207,700
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Discussions
21 people like this. Showing 50 of 14,052 comments
The proposed 13% hike in salary for civil servants will likely benefit KSL a lot as the company targets to sell a lot of affordable housing to this group of buyers
4 weeks ago
Mahsing 60m profit sits on RM3Billion market cap…
this counter is only RM1.9B at 100m profits. Given it’s landbank, completed hotels and malls, and inventories should easily put it at RM3-4B market cap for price of RM3/4.
Very safe and syndicates knows no matter price they goreng up or down, they will eventually win.
4 weeks ago
@RJ87, correct, KSL is the property company that made the most profit in 2023 with net profit of RM416 million, followed by SimeProp RM408 million and SP Setia RM298 million.
But KSL market cap is only a fraction of the other property companies like Mah Sing and SP Setia.
4 weeks ago
The company is not doing enough. Thats bad news but others are so optimistics with so many property n devt deals done
3 weeks ago
KSL has many projects in Pulai....
KUALA LUMPUR (May 13): AME Elite Consortium Bhd (KL:AME) is selling 11 plots of freehold land measuring over 34.91 acres in Pulai, Johor Bahru, for RM209.84 million cash to Hong Kong-based data centre operator Digital Hyperspace Malaysia Sdn Bhd (DHM).
In a filing with Bursa Malaysia on Monday, the property developer said the plots of land are located in i-TechValley — a 170-acre industrial park at the Southern Industrial and Logistics Cluster (SILC).
DHM is a wholly owned subsidiary of Quantum DC (HK) Ltd, which primarily provides infrastructure for hosting and data processing services, AME Elite said.
AME Elite is selling the 11 plots of land through its wholly owned subsidiaries Pentagon Land Sdn Bhd and Greenhill SILC Sdn Bhd. This sale is subject to approvals from the Johor State Government Office and other relevant authorities if the relevant land registry requires a no-objection letter from the Economic Planning Unit.
The transaction valued the land at RM138 per sq ft on a “willing-buyer willing-seller” basis.
According to CBRE WTW Valuation & Advisory Sdn Bhd, the plots of land were sold at a slight premium to the market based on previous transactions in Pulai. It said the last transacted price in Pulai was between RM120 and RM138 per sq ft.
Over the last one month, there has been a sharp increase in land demand in Pulai, especially from data centre operators. The latest one was Axis Real Estate Investment Trust (Axis REIT), which disposed of 26.96 acres of industrial land in Axis Steel Centre @ SILC, Johor for RM162 million to a data centre operator. It did not disclose the identity of the purchaser. The transaction valued the land at RM138 per sq ft.
AME Elite estimated the company would lock in gross proceeds of RM155.04 million from the land sale. The proceeds have been earmarked to fund development costs relating to i-TechValley, including land, infrastructure and construction, as well as future industrial property development and investment projects, including land acquisitions and joint ventures.
i-TechValley is AME Elite's latest ongoing industrial park development project with an estimated gross development value of RM1.5 billion spanning over five years.
Launched in October 2022, i-TechValley has achieved a take-up rate of approximately 30%.
Meanwhile, the remaining RM54.8 million will be used for working capital and related expenses for the proposed disposal.
The proposed sale is expected to be completed by the first quarter of 2025.
Trading of the securities in AME Elite has been suspended from 9am to 5pm on Monday and will resume on Tuesday. The counter was last traded at RM1.78, giving it a market value of RM1.14 billion. Its share price hit an all-time high of RM1.88 on Feb 9 this year.
AME Elite’s net profit for the third quarter ended Dec 31, 2023 (3QFY2024) surged 136% to RM21.92 million, from RM9.28 million a year earlier, mainly due to a fair value gain of RM13.12 million on investment properties, arising from the sale of industrial properties to AME Real Estate Investment Trust.
Revenue for 3QFY2024 grew 31.16% year-on-year to RM176.21 million from RM134.35 million.
For the nine months ended Dec 31, AME Elite’s net profit rose 9.55% to RM67.02 million from RM61.17 million on the back of a 51% surge in revenue to RM632.06 million from RM418.71 million.
Source: TheEdge - 14 May 2024
3 weeks ago
This is good news. Lap sap with Rm8m profit can hv RM500m valuation.
Now KSL with RM100m profit, 10x Guacoland. Like this KSL mar at least RM4B valuation right? Still got 100% to go
————————-
speakup
https://theedgemalaysia.com/node/711394
More bad news
2 weeks ago
KUALA LUMPUR (May 15): The Malaysian property market was active in the first quarter of 2024 (1Q2024), recording a 34.3% growth compared to the first quarter a year ago, with more than 104,297 transactions worth RM56.53 billion, a 34.3% jump in transaction value.
Valuation and Property Services Department Director-General Abdul Razak Yusak said in terms of volume, property sub-sectors recorded positive growth in 1Q2024; the commercial sub-sector grew by 33.4%, residential by 16.6%, industry by 14.3%, agriculture by 13.7%, and development land and others by 10.7%.
“The residential sub-sector continues to dominate market activities with over 62,000 transactions, valued at over RM25 billion, comprising nearly 60% of overall property market activities.
“Housing priced at RM300,000 and below dominate the market with 33,500 transactions, comprising more than 50% of total transactions,” he said when presenting the 1Q2024 Real Estate Market Report in a live broadcast on Facebook on Wednesday.
According to Abdul Razak, construction activities also showed positive growth in 1Q2024 when commencements rose to more than 21,300 units, an increase of almost 8% from the previous year, while planned new developments decreased to around 11,000 units.
New residential launches increased by 19.8% to 5,585 units, from 4,661 units in 1Q2023.
The serviced apartment segment saw a 70% spike in completed units to 5,500. Projects starting construction and planned new developments each rose by more than 100% versus the same quarter in 2023.
The Malaysian House Price Index (IHRM) rose marginally by 0.5% to 216.9 points, with house prices averaging RM468,000 a unit, Abdul Razak said.
“All states recorded moderate growth of between 0.5% and 4.6%, except for Kuala Lumpur, Penang, Perak, Melaka and Sarawak, where prices contracted by between 0.2% and 2%.
“Terraced housing remained stable with a positive 1.8% growth, while other types of housing recorded a marginal decrease,” he said.
Completed unsold housing, commonly known as a residential overhang, decreased to 24,208 units worth RM16.49 billion, compared with 25,816 units worth RM17.68 billion in 4Q2023.
Serviced apartment overhang rose by 5.2% to 21,913 units, with a 9.7% rise in ringgit value to RM18.16 billion.
“Serviced apartment units priced between RM500,000 and RM1 million make up 58.1% of the total overhang,” he said.
The performance of private purpose-built offices recorded a marginal increase, he said.
“The occupancy rate of privately owned, purpose-built offices rose marginally to 72%, versus 71.9% in the previous quarter,” he said.
2 weeks ago
@Eggplant, if you look beyond PE, KSL is a steal. low debt, good cash pile to weather any downturn or slowdown and able to buy cheap lands for further development.
2 weeks ago
Alex Kho, only remaining question for you is what is a fair value to take profit?
P.S. I’m gonna discount 25% from whatever you say and take profit first.
2 weeks ago
@Alex Kho, good write-up on KSL.
KSL is not only trading at PER of below 5x, but it has plenty of land in Johor which still carries at very low book value.
Looking at how land price in Kulai/Pulai being snapped up by data centre developers at prices as high as RM138 psf, I think KSL will see huge revaluation gains for its total 578 acres of land around Pulai.
2 weeks ago
KSL must come out with a dividend policy so that more will invest in the counter. Has not dished out dividends since 2015.
2 weeks ago
While other bought land at RM138 psf, KSL bought land at a very low price of RM26 psf at around the same location
2 weeks ago
Yea, Looks like KSL will heading upward for sometimes after this... I bought at 1.09 on Dec'23 and now feel like just good enough to exit with this much profit...
Thank you KSL brothers...
2 weeks ago
1Q24 EPS 9.9sen. With more on going n new project, this yr eps will more than last yr core eps 36sen.
1 week ago
the boss mentioned during the agm that they are aggressively acquiring land for future development hence they need to reserve the cash for acquisition as well as the development cost to avoid take loan from bank. In such way, it can increase shareholder value
6 days ago
Many stocks don’t pay dividend too but share price go up. This one and KP Prop same situation. Don’t pay dividend and get hammered.
6 days ago
KP Prop pay dividend.
KSL do not pay dividend but the three brothers pay themselves very well.
6 days ago
During the agm, there is a shareholder asked the management how could those data center projects around JB benefit the company and since KSL has plenty of landbank in JB, is the management has any plan for data center JV. Surprisingly the answer was the group is on discussion with someone on this topic and will update shareholder when it comes true.
6 days ago
Icng123@, Yes, hopefully this corporate exercise announce and implement soonest possible!
9 hours ago
KSL has 110+ acre vacant Tebrau leasehold Industrial land near highway. Possibly they sold to DC company. But unlikely in DC JV as they has no experty in DC.
7 hours ago
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