Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Sun, 21 Apr 2019, 11:02 AM

 

MKH (6114) METRO KAJANG WILL BENEFIT FROM ECRL REROUTE TO BANGI/KAJANG, Calvin Tan Research

Author:   |    Publish date:


Hi guys,

Now that ECRL Reroute Stations have all surfaced ... MKH looks like A Top Beneficiary by Virtue of Its Huge Land Banks in Kajang - Semenyih region

Kajang is only 7km from Bangi which is less than 10 minutes away

Other Salient Factors are

1) MKH At Rm1.35 is Selling at at Huge 50% Discount to Net Assets of Rm2.70. Giving A Huge Margin of safety

And these are some interesting facts about Metro Kajang

Apart from Many Land Assets in Kajang - Semenyih MKH has 2 Shopping Complexes, a 3 Star Hotel, 4 parcels of commercial lands leased to two hypermarkets. 2 fast food restaurants & 4 offices.

These will give recurring income to pay dividends

 

2) SO STABLE IS MKH THAT PUBLIC BANK OFFICERS RETIREMENT FUND IS IN TOP 2ND HOLDER OF MKH

See Annual Report

3 Kenanga Nominees (Tempatan) Sdn Bhd Qualifier: Public Bank Group Officers’ Retirement Benefits Fund 34,553,134 5.967%

7 Public Invest Nominees (Tempatan) Sdn Bhd Qualifier: Public Bank Group Officers’ Retirement Benefits Fund 18,798,925 3.246%

Top 3 & 7 position go to Public Bank Group Officer Retirement Fund

SO GREAT IS THE TRUST TAN SRI TEH HOONG PEOW HAS IN  MKH THAT HE ENTRUSTED HIS STAFF"S FUTURE FINANCIAL WELL BEING  INTO THE HAND OF MKH MANAGEMENT

 

3) MKH ALSO DIVERSIFIED SUCCESSFULLY INTO OIL PALM CULTIVATION IN EAST KALIMANTAN

ABOUT 87,000 ACRES OF OIL PALM ARE GIVING OUT GOOD YIELDS

IT STILL HAS POCKETS OF RUBBER LANDS IN SEMENYIH...MANY ARE NOW BEING CONVERTED TO HOUSING ENCLAVES

 

4) MKH IS ALSO KNOWN TO REWARD SHAREHOLDERS WITH DECENT DIVIDENDS/RIGHTS/BONUS ISSUES

 

5) AND INSIDERS ARE ALSO SANGUINE ON ITS FUTURE BY BUYING MKH SHARES REGULARLY FROM OPEN MARKET

 

 

6) BUT THE BEST TRIGGER IS THE REROUTING OF ECRL TO HAVE A TRAIN INTERCHANGE  IN BANGI/KAJANG

KAJANG IS ONLY 7 KM FROM BANGI WHICH IS LESS THAN 10 MINUTES BY CAR FROM THE PLUS HIGHWAY

MKH ALREADY HAS AN MRT CONNECTING TO KL

SO NOW WITH THE ECRL STATIION AROUND EXPECT LOTS AND LOTS OF COMMUTERS TRAVELING SOUTH BOUND TO KAJANG/BANGI BEFORE BOARDING THE ECRL RAIL TO EAST COAST STATES OF PAHANG, TRENGGANU & KELANTAN

KAJANG WILL BOOM AND BOOM FOR YEARS TO COME

SO NOW IS OUR CHANCE TO BUY INTO THE GROWTH STORY BY TAKING UP POSITION IN MKH EARLY

AFTER ALL MKH STANDS FOR METRO KAJANG 

METRO AS IN METROPOLIS WHICH MEANS A BIG CITY

AND MKH HAS THE LARGEST COLLECTION OF PRIME PRIME LANDS AND ASSET IN KAJANG

 

7) AT Rm1.35 NOW CALVIN HA A TARGET PRICE OF RM2.70 FOR MKH (ABOUT 100% UPSIDE)

THAT IS EQUAL TO ITS CURRENT NET ASSET PER SHARE OF RM2.70

 

BEST REGARDS

 

Calvin Tan Research

Singapore

 

Please buy or sell after doing your own due diligence

 

Further Note

The triple Support of 

NTA (Selling at 50% discount)

EARNINGS (Lastest Qtr Earns 4.5 Sen

DIVIDEND (Propsed 3.5 Sen)

 

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2018

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2018
31 Dec 2017
31 Dec 2018
31 Dec 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue up 28%
267,846
194,291
267,846
194,291
2 Profit/(loss) before tax
41,060
28,024
41,060
28,024
3 Profit/(loss) for the period
30,013
17,500
30,013
17,500
4 Profit/(loss) attributable to ordinary equity holders of the parent
26,400
17,189
26,400
17,189
5 Basic earnings/(loss) per share (Subunit)
4.50
2.95
4.50
2.95
6 Proposed/Declared dividend per share (Subunit)
3.50
5.00
3.50
5.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
2.7200
2.6600

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
 

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

 

 

ARE ALL POSITIVE FOR MKH

AND NOW MKH SHARE PRICE IS STILL AT ALL TIME LOW OF RM1.35

AT ITS PEAK MKH TOUCHED RM4.00 A SHARE.

SO IF NOT NOW THEN WHEN?

 

Share this

  Be the first to like this.
 
Carlton Lim Uncle Calvin is like attention seeker like that.. :-p
15/04/2019 3:43 PM
calvintaneng Calvin follows Sifu Peter Lynch

Peter Lynch had over 2,000 stocks

Calvin has not even recommended 200 stocks yet

Some like Talam, Dutaland, Mui Bhd, Masteel, Prestar are repeats. Peter Lynch bought the same stock and sold 3 to 4 times in their life cycles.

L&G might be another one in the rotation list after mkh
15/04/2019 8:05 PM
abang_misai Ioipg tak ada apa-apa?
15/04/2019 10:39 PM
belajar123 Calvin sifu, market is very bad since last week. Any idea. Do u think we should still hold on to the stocks like ann joo, prestar, penergy, pantch, t7 global n velesto
16/04/2019 12:28 AM
belajar123 How abt mjperak n tdm ?
16/04/2019 12:32 AM
calvintaneng Good morning belajar123

Yes currently market is weak due to the fact that penergy already up by over 150% from 40 sen low, also most stocks are peaking.

Also Ecrl suspense now over.

Holding depends on your appetite. Maybe you should sell those which have run up and switch some to defensive laggards with dividends?
16/04/2019 7:54 AM
calvintaneng Mkh is a good example of a laggards stock with consistent dividends
16/04/2019 7:55 AM
calvintaneng As development starts for Ecrl South
Expect lots of construction engineers, workers and others to flock to Kajang Bangi putraja enclave

This will boost activity and business for Metrokajang

Mkh has 2 shopping complexes, a 3 star hotel, 4 commercial lands tenanted to 2 hypermarkets, 4 offices and huge housing enclaves in both kajang and semenyih

Mkh should re rerated upward
16/04/2019 1:52 PM
RVI123 MKH Kajang 2 has a new KTM station under construction now. If ERCL can interchange there, should be helping the area to become business hub for the southern region.
16/04/2019 6:16 PM


 

452  241  522  693 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 EKOVEST-WB 0.18+0.065 
 IWCITY 1.02+0.16 
 EKOVEST 0.67+0.08 
 SAPNRG 0.31-0.005 
 IRIS 0.165+0.01 
 SEACERA 0.32-0.015 
 COMPUGT 0.0250.00 
 KNM 0.16-0.005 
 LAMBO 0.12-0.005 
 MYEG 1.61+0.04 

TOP ARTICLES

1. UNVEILING A POTENTIAL UPTREND COUNTER WITH LIMITED DOWNSIDE RISK !!! Bursa Master
2. QES - capable to support HUAWEI 5g Technology in ICT Bandar Malaysia(updated) share4u2019
3. The Stock Market is the Fastest Way to Stimulate Our Economy - Koon Yew Yin Koon Yew Yin's Blog
4. STOCKS I SWEAR BY - HEAVENLY PUNTER Heavenly Punter
5. TCapital Group - 冷眼【漫漫投资路第7步】现金流为王/冷眼 TCapital Group ( 冷眼慢慢投资 )
6. (Forecast) FLBHD (5197), JAYCORP (7152), LIIHEN (7089), POHUAT (7088) Quarter Report PE and ROE Share Forecast
7. Eversendai: Risk in Investing kcchongnz kcchongnz blog
8. Evidence for the resurrection! BY Josh McDowell(Calvin Tan Research) Sharing on this Easter Sunday Morning to All Dear i3 Forumers THE INVESTMENT APPROACH OF CALVIN TAN
Partners & Brokers