KSENG (3476): News and Blogs

The Johor Bahru property market is set for an upturn, with the announcements of new projects and government initiatives over the past quarters, according to KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan when presenting The Edge Malaysia | KGV International Property Consultants Johor Bahru Housing Property Monitor 4Q2023.

The initiatives include the proposed Special Financial Zone (SFZ) and Special Economic Zone (SEZ); Rapid Transit System (RTS), with construction under progress; High-Speed Rail (HSR), which its revival is being discussed; Johor Bahru-Pontian Bridge, which is nearing completion; Gemas-Johor Bahru Double-Tracked Electrified Rail, which will be completed by 2025; and the preliminary conceptualisation of Light Rail Transit (LRT) from the private sector. Many large-scale foreign direct investments (FDI) in Johor had also been announced.

In January, Minister of Economy Rafizi Ramli and Singaporean Minister for Trade and Industry Gan Kim Yong signed a memorandum of understanding to establish the proposed Johor-Singapore SEZ.

KGV’s Tan suggests seven proposals for the Johor-Singapore SEZ: a passport-free QR code clearance system at customs on both ends; a digitalised process for cargo clearance; one-stop business/investment service centres in Johor to facilitate the application process for approvals and licences for Singapore businesses to set up companies in Johor; co-organising an investor forum to gather feedback; facilitating Malaysia-Singapore renewable cooperation; curating training and work-based learning initiatives to address talent and skill gaps for relevant industries; and developing joint events between Johor and Singapore to promote trade and investments.

Tan explains: “These initiatives basically streamline processes and enhance communication across levels. Such collaboration facilitates both economies to complement and tap into the strengths of each other. The SEZ could be the model and platform for both countries to combine strengths and compete effectively in the region and globally.

“Overall, the comprehensive and ambitious package of initiatives articulated in recent years have started to take shape and all the jigsaw puzzles are being pieced together. The economy and property market have started to heat up, after almost 12 long years since the last boom in 2012 to 2014.”

2 months ago

KUALA LUMPUR, March 14 — The Johor-Singapore Special Economic Zone (JS-SEZ) joint agreement between Malaysia and Singapore is expected to be inked by the end of this year, according to the Economy Ministry.

1 month ago

Keck Seng's price movement has been quite lethargic since the beginning of February. Looks like consolidation could be over by now.

1 month ago

Volume too low, price movement could be easily manipulated.

1 month ago

Crescendo Corporation Bhd has just disposed of another piece of land in Pulai area, this time to Microsoft Payments (Malaysia) for RM132.47 million or RM120 per sq ft. Keck Seng has over 600 acres of development land in the area. Imagine how much this piece of land is worth if it fetches the same price as Crescendo's land. This is only a very small part of what Keck Seng possesses.

1 month ago

The completion of the JB-Singapore Rapid Transit System (RTS) by early 2026 will be a significant game changer for Johor's property market.

Relaxation of conditions for the Malaysia My Second Home programme, along with increasing rents in Singapore, has boosted the attractiveness of Johor properties.

In light of these developments, kSeng will see more n more profits each coming quarter...with the sale of more properties n industrial land!!!

1 month ago

Nothing so special about its special dividend. I thought it is 50 sen a share.

1 month ago

Not too bad 5cts final dividend and 5cts special dividend. All in 10cts still quite reasonable for all holders. Cheers!!!

1 month ago

Kseng is one quality gem no one will ignore again now and in coming future. Cheers!!!

1 month ago

Kseng is one quality gem no one will ignore again now and in coming future. Cheers!!!

1 month ago

date: Sun, 07 Apr 2024, 03:37 PM
JOHOR BARU: Johor Menteri Besar Datuk Onn Hafiz Ghazi aims to integrate Forest City into the Johor-Singapore Special Economic Zone (JSSEZ) to boost its economy and revival.

"We anticipate a surge in Forest City economic activities in the near future with the initiatives the state government has planned for its revival."

He said the state government planned to breathe new life into Forest City by including the US$100 billion project by Chinese developer Country Garden in the JSSEZ.

He said having Forest City, which has Special Financial Zone (SFZ) status, be part of the JSSEZ would be a game changer with domino effects for Johor.

"It will increase cross-border labour activities and investment flows."

Forest City's SFZ status with tailored incentives and regulations will foster financial innovation and entrepreneurship, making it a global hub for finance and trade.

Onn Hafiz said one of the initiatives in the works is establishing the one-stop Iskandar Malaysia Facilitation Centre in Forest City.

The centre will serve as a vital link between government agencies, businesses and investors and will cut red tape.

"The centre will expedite decision-making and unlock the full potential of Forest City's economic opportunities," Onn Hafiz said.

Tourism Minister Datuk Seri Tiong King Sing has agreed to hold the Asean Tourism Forum between Jan 19 and 25 next year at Forest City.

This will showcase its potential as a premier destination for tourism and hospitality.

Onn Hafiz said promotion strategies, business package offerings and logistical preparations for international events were discussed at a recent meeting with Forest City representatives.

Forest City vice-president Syarul Izam Sarifudin said discussions were held with the Finance Ministry to realise the tax incentives under the SFZ.

1 month ago

https://theedgemalaysia.com/node/707256

Iskandar theme play 2.0
Jewels in the south!
KSeng properties n industrial land will sell well with the SFZ status in JB n the completion of RTS

1 month ago

speakup

1 month ago

Earnings have increased by over 150% over the past 10 years but dividend has increased by just 50%. This has disappointed many small investors.

1 month ago

speakup

https://www.malaysiakini.com/columns/702350
so much hope on this guy, but he let all of us down
so much optimism on this guy, but he disappointed us all
GE16, aku tak undi PH (& PN). aku BOYCOT GE16!

1 month ago

stockraider

Kseng like its counterpart Oriental will rise sharply soon loh!

1 month ago

Apollo's share price shot up by over RM2 after it announced a second interim dividend of 50sen a share. Keck Seng can easily afford to pay a final dividend of over 50 sen a share but its directors chosen not to.

1 month ago

https://www.klsescreener.com/v2/news/view/1309889

Plenty of hope!
Wait patiently!

JB land assets is very valuable
Hidden gem!
JB will be the new Shenzhen!

4 weeks ago

Many people already know that Keck Seng has a lot of valuable land in JB but are unwilling to invest in the company because of its management.

3 weeks ago

No worries bro, sooner or later it will surely blooms. Cheers!!!

3 weeks ago

Later fly non stop....like cresendo!...
N all the funds will rush in to buy!!!

3 weeks ago

It will fly only when a new management takes over, unrelated to the Ho family.

3 weeks ago

Gentingbig

AT this PRICE LEVEL without foreign fund or local intuition investment its a risk lah. i rather buy YTL corp. no trading since opening till now

2 weeks ago

Investors buy a counter for various reasons. Keck Seng investors are eyeing its grossly undervalue assets, the vast majority of which have not been revalued since the early 80s.

2 weeks ago

Ten years ago, Keck Seng had 9161 shareholders while those holding more than 100,000 shares held some 78.5% of its shareholdings. 5 years ago, the number of shareholders had decreased to 8032 while those holding more than 100,000 shares had increased their control of the company to 80.7%. Last year, its total shareholders further decreased to 6739 while those holding over 100,000 shares had increased their stakes to 83.1%.

2 weeks ago

Wah, prudentinvestor you're truly amazing knowing the company shareholdings in such details. Cheers!!!

1 week ago

Just go through the company's annual reports. All the information is there. It took me less than 10 minutes to gather the info. It shows more and more small investors are getting frustrated with the company.

1 week ago

KUALA LUMPUR, May 10 — The Johor-Singapore Special Economic Zone (SEZ) could be a formidable competitive advantage in attracting fresh foreign direct investment (FDI) from multinational companies (MNCs).

This can be achieved by integrating Singapore’s global financial, logistics and advanced manufacturing capabilities with Johor’s access to competitive labour, abundant land and cheaper energy resources.

Maybank Investment Bank (Maybank IB) said Singapore enjoys wide and deep connectivity to global capital sources, while also serving as a gateway to the Asian markets, given unrivalled transport and trade links.

“MNCs are currently diversifying their supply chains away from China, and looking for alternative production bases as global competition for investments has intensified with rising impetus for countries to re-shore and friend-shore production.

“Against this backdrop, governments are looking to strengthen their competitive strengths to capitalise on this shift in supply chains and attract more foreign investments,” it said in a note today.

Maybank IB opined that there is scope for Singapore’s South-east Asia Manuf

Who has lots of industrial land?
kSeng....Pasir Gudang!

4 days ago

I don't have much confidence in the management. Just doubt if they would do their utmost to benefit small shareholders.

3 days ago

There's a group of investors keep collecting whenever profit taking sets in. Cheers for further upside in this jewel soon ya.!!!

1 day ago

Super A1 stock
Angel stock..

Hidden gem!

1 day ago

Wah, jz mentioned about half an hour ago already spike a bit. Cheers!!!

1 day ago

Hopefully can hold above Rm6 level at close. Cheers!!!

1 day ago

Since scaling to a high of RM6.05 at the end of January, it has been trading at below RM6 all this while. It is revisiting RM6 again but still very far from its peak price of RM7.97 about ten and a half years ago.

1 day ago

Unable to sustain abv Rm6 due to selling pressures. Anyway still a commendable closing up 20 cts. Cheers!!!

23 hours ago

Hopefully the uptrend continues tomorrow. 等到头发都白了！

20 hours ago

kohcl130562

With potential JB Singapore special economic zone, more upsides. The best is to take private

19 hours ago

Revalue all assets. Its NTA could be easily higher than RM20 a share.

19 hours ago

snowball2000

Start developing its land bank in JB, share price can propel beyond RM20 a share... ;P

7 hours ago

ultranippon18

Congralution to all kseng shareholders finally rewarded after so long, especially prudentinvestor as I had pick up a lot advise from you. Thank you

6 hours ago

My pleasure to share anything I know with fellow investors. At least 15% of my Keck Seng shares were bought around 30 years ago.

5 hours ago

Cheers bro!!!

5 hours ago

If not mistaken, its the first share I bought 30 years ago around Rm2.10 that time. Cheers!!!

5 hours ago

Still looking very strong. It went up by around RM2.60 before it stopped for a breather during the last rally. Don't know when the spike would stop this time.

3 hours ago

Slow and steady climb will be much better ya. Cheers!!!

3 hours ago

Hopefully it can climb to RM7.97 at least, its previous peak about ten and a half years ago before it takes a rest.

2 hours ago