eht6769 711 posts | Posted by eht6769 > Jul 18, 2014 12:49 PM | Report Abuse drop |
cefiro22 377 posts | Posted by cefiro22 > Jul 19, 2014 12:42 PM | Report Abuse bumper or whatever dividend, shall be slowly collecting from 6.54 and below. cheers! |
limayseng 2069 posts | Posted by limayseng > Jul 19, 2014 4:22 PM | Report Abuse There will be dividend payout in August like in other times ! How much do you think the company may pay out ? Lately 6.5 c , and coming soon another 6.5 c or something extra? Like special one time dividend , rights or warrants to stir up the passion? Or splitting the shares to 50c , to make it tradable , better still is 4 for1 at 25 c a piece , where it has more shares and more tradable. If the new management keep on doing he old ways and neglecting the minority shareholders, my advice is avoid this company ! may be the management may take it private since whatever it has done is nothing concern to the minority shareholders. They can opt to keep all for themselves and this slot should be taken by others more accountable and more caring! |
prudentinvestor 1318 posts | Posted by prudentinvestor > Jul 20, 2014 5:07 PM | Report Abuse The interim dividend to be announced next month is unlikely to exceed 5 sen per share. If the company just maintains its total dividend payout at 10 to 12 sen a year, not many investors will be interested to buy this counter. Keck Seng has sufficient properties like Menara Keck Seng and Regency tower in Malaysia and hotels in Toronto and Hawaii to launch a REIT. |
leslieroycarter 5777 posts | Posted by leslieroycarter > Jul 22, 2014 5:08 PM | Report Abuse kseng back to square one after hitting high note at 7.97 but retraced back to where it belonged now due to failure to share the profits earned to all shareholders. I think time to relook at this cash cow again....the upswing now is better chance than downswing...? |
leslieroycarter 5777 posts | Posted by leslieroycarter > Jul 23, 2014 9:50 AM | Report Abuse too tempting to buy back if kseng fall below 6.00 , Not much to be lost at this price coz the discount is really fabulous. |
leslieroycarter 5777 posts | Posted by leslieroycarter > Jul 23, 2014 11:24 AM | Report Abuse I think kseng should offer their lands for sale to all the shareholders interested if they do not have the urgency to manage the co any more . So sad all the land assets put to waste ! |
prudentinvestor 1318 posts | Posted by prudentinvestor > Jul 23, 2014 5:47 PM | Report Abuse EcoWorld would be a ready buyer of Keck Seng's plantation land next to Taman Kota Masai when its land is depleted within the next few years. |
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leslieroycarter 5777 posts | Posted by leslieroycarter > Jul 25, 2014 10:04 AM | Report Abuse From 797 dropped to 650, making a loss of 147 coming closed to 20% is a big deal here! 1.considered asset rich ! lands undervalued and not revalue for decades , bought at +/-RM 5000 per acre but now is at least RM 10 per square foot , Imagine 1 ac is 43,560 sg ft * no of acres????? 2. Cash rich RM 1.0 Billion in fd???? Not invested???? 3. Paid meagre dividends 10-12 c per annum 4. Stock maintained at RM 1.00 and illiquid to trade! 5. same management year in year out ? 6. considered a very conservative co in Bursa! 7. Company without direction? 8. Hope it will be taken by a ready buyer soon to save the minor shareholders sufferings! |
prudentinvestor 1318 posts | Posted by prudentinvestor > Jul 25, 2014 5:34 PM | Report Abuse Keck Seng's directors/major share holders and their associates together already hold more than 60% of Keck Seng's share capital. If you want to take over Keck Seng, you probably would need to offer them over RM 25 a share before they decide to part with their holdings. It is wise of them to keep Keck Seng at this level so that should they want to privatize the company, they don't have to fork out too much money to pay the small investors. May be Keck Seng's cash reserve is already sufficient. |
leslieroycarter 5777 posts | Posted by leslieroycarter > Jul 30, 2014 4:20 PM | Report Abuse wait for your next dividend pay out in April/July .... |
12wells70palms 12 posts | Posted by 12wells70palms > Jul 31, 2014 11:49 AM | Report Abuse The management is not stupid. They are all out to frustrate minority shareholders like ourselves, pushing our patience to the limit and forcing us to sell to them at the open market where they have been picking shares on the cheap. We just need to SIT TIGHT. A grossly UNDERVALUED ASSET LIKE K SENG will not go unnoticed by other players. Sooner or later some sort of a catalyst will cause the company to be taken over. |
eht6769 711 posts | Posted by eht6769 > Jul 31, 2014 4:12 PM | Report Abuse 12wells70palms agreed !! |
leslieroycarter 5777 posts | Posted by leslieroycarter > Jul 31, 2014 4:55 PM | Report Abuse I think those who r here in Iskandar and those outside Iskandar should have noticed its very undervalued assets , if all the minority shareholders were to pick up the stocks now at this dirt cheap price , they will be duly rewarded one day! |
leslieroycarter 5777 posts | Posted by leslieroycarter > Jul 31, 2014 4:59 PM | Report Abuse Ho's family owned only 40+% ..... |
tt101 1292 posts | Posted by tt101 > Jul 31, 2014 5:20 PM | Report Abuse the Taman Daya project developed by KS started on 1984, now it is still in progress, 30 years! with this type of characteristic, do not expect rocket speed. So the price also must man man lai. Kakaka! |
ykloh 356 posts | Posted by ykloh > Jul 31, 2014 5:35 PM | Report Abuse The management is disgracefully incompetent. |
Shiaobao10 127 posts | Posted by Shiaobao10 > Jul 31, 2014 5:39 PM | Report Abuse daiman, spb, kseng are all very conservative in developing their landbanks. if anyone is looking for undervalued gems....these are the counters that you should be looking at... |
prudentinvestor 1318 posts | Posted by prudentinvestor > Jul 31, 2014 8:25 PM | Report Abuse ykloh, I think it is unfair to label the management as disgracefully incompetent. The management did make a wise decision to dispose of its shares in Parkway Holdings 4 years ago and made a huge profit. Any investor who had bought Keck Seng shares in early 2010 and held till today would have returned a capital gain of over 20% per year compounded over the past 4.5 years. And this doesn't take into account the dividend that had been paid and notwithstanding an almost 20% drop from its peak achieved about 8 months ago. Keck Seng's management isn't incompetent, just too conservative and not proactive enough. |
cefiro22 377 posts | Posted by cefiro22 > Jul 31, 2014 10:32 PM | Report Abuse Keck Seng Management has it's own style...."to each his own". It is the final result that matters. If you had bought Keck Seng 10 years ago, today it would have multiplied your investment 10 times. Let us see if it can repeat the same performance if we buy and hold for the next 10 years at a price now I consider fair at say 6.54 (see my earlier posting)...Cheers if we can live to see! |
tt101 1292 posts | Posted by tt101 > Aug 1, 2014 12:05 PM | Report Abuse come, buy for retirement plan. Good choice. |
cefiro22 377 posts | Posted by cefiro22 > Aug 2, 2014 9:37 AM | Report Abuse precisely, no regrets having included Keck Seng as one of the stocks in the retirement fund. |
leslieroycarter 5777 posts | Posted by leslieroycarter > Aug 15, 2014 10:45 AM | Report Abuse interim dividend going to declare in 29th August ? Previous 5 %.... |
prudentinvestor 1318 posts | Posted by prudentinvestor > Aug 15, 2014 12:22 PM | Report Abuse Invest in Keck Seng only if you are prepared to take a long term view. Land in Johor Bahru is getting more and more scarce and expensive and Keck Seng is one of the largest landowners there. Hopefully the latest quarterly results and interim dividend to be announced later this month will give its share price a big boost. |
SUPERDADDY 400 posts | Posted by SUPERDADDY > Aug 20, 2014 4:33 PM | Report Abuse Keck Seng share price is rather quiet lately after falling from the RM6.90++ level. I'm still nibbling bit by bits whenever there is weakness cos it presents opportunities. It may become the "next mini Public Bank" counter as mentioned by one blog named Kassim Thoughts. When we buy and owned such counter, we need plenty of patient and endurance. Cheers to fellow forummers!!! |
SUPERDADDY 400 posts | Posted by SUPERDADDY > Aug 21, 2014 3:55 PM | Report Abuse Got a feeling that something maybe happening soon on Keck Seng. Hope to hear some in depth comments from sifu stockraiders on any latest news on Keck Seng. Holding quite well at current level. Will keep this gem for as long as I could. Cheers!!! |
SUPERDADDY 400 posts | Posted by SUPERDADDY > Aug 22, 2014 11:58 AM | Report Abuse Slightly up above RM6.50 possibly to expectation of another profitable quarter. Whatever it is Keck Seng has always got its 'WOW' factor. Cheers!!! |
leslieroycarter 5777 posts | Posted by leslieroycarter > Aug 22, 2014 4:12 PM | Report Abuse lands not fully utilised will be acquired by government under the prevailing market rate according to its tenure , i.e agric land will be offered agric price and property land under property valuations ; the word undervalued assets never appeared in the Land Code or whatever local laws available . It will be plain hard luck if all lands under Kseng around city areas ' so-called Iskandar " will be forcefully alienated by the government to build low cost houses demanded by rakyat, this cannot be discounted either ...many cases of lands acquired but were compensated poorly was a stark case or cases esp in city areas where available lands are limited. So , if Kseng failed to develop , then the state or local government will do it...just see .... |
prudentinvestor 1318 posts | Posted by prudentinvestor > Aug 22, 2014 4:36 PM | Report Abuse Some of Keck Seng's plantation land had been acquired by the Government in 2006 to make way for the Senai Desaru highway. The compensation was about RM 260,000/- per acre or RM 6/sq.ft. |
Diamond7 1499 posts | Posted by Diamond7 > Aug 22, 2014 9:16 PM | Report Abuse Interim dividend next week....any bonus? Or a very special dividend |
SUPERDADDY 400 posts | Posted by SUPERDADDY > Aug 26, 2014 4:33 PM | Report Abuse Keck Seng Investment (Hong Kong) post quite a commendable result for half year ending. Hope the same will be reflected in Keck Seng (MALAYSIA) coming results. Cheers!!! |
prudentinvestor 1318 posts | Posted by prudentinvestor > Aug 26, 2014 5:58 PM | Report Abuse If it can drop back to RM 5, that will be fantastic. |
Diamond7 1499 posts | Posted by Diamond7 > Aug 26, 2014 9:44 PM | Report Abuse Oops...only 4 cents dividend. So stingy !!! |
leslieroycarter 5777 posts | Posted by leslieroycarter > Aug 27, 2014 7:36 AM | Report Abuse Hoping that Malaysian government may introduce laws to ensure that companies that are making monies but chosen to stash cash and not doing anything to the saved capital like what has been done in Korea forcing Samsung to pay a heavier withholding tax for their safe coffers coming to a tune of 600 billions , which is more than Apple at 300 billions...likewise for kseng also holding 1 billion which has been accumulated for more than 20 years but chosen not to distribute to shareholders and not doing anything to the capital year in year out , whereby the penalty of withholding tax should likely be implemented as well. |
leslieroycarter 5777 posts | Posted by leslieroycarter > Aug 27, 2014 10:30 AM | Report Abuse with 4c div , many will quit kseng for good.... |
prudentinvestor 1318 posts | Posted by prudentinvestor > Aug 27, 2014 11:02 AM | Report Abuse Likely to drop to RM 6 within the next few days. 4c just isn't attractive enough. |
eht6769 711 posts | Posted by eht6769 > Aug 27, 2014 11:15 AM | Report Abuse this time coming down for RM5.5 |
SUPERDADDY 400 posts | Posted by SUPERDADDY > Aug 27, 2014 11:20 AM | Report Abuse No worry. There'll be a knee jerk reaction initially but things will stabilised soon and fundamental still very intact. Cheers!!! |
bjaya 262 posts | Posted by bjaya > Aug 27, 2014 6:45 PM | Report Abuse 4 cents dividend ? The management should keep it rather than going through the hassle of dispersing this pittance. |
prudentinvestor 1318 posts | Posted by prudentinvestor > Aug 27, 2014 11:09 PM | Report Abuse The management consists of a group of rich people and they don't need any dividend. Only poor small investors like us long for some dividend. If not because of its cash pile of almost RM 1 billion and a multitude of other assets, Keck Seng is worth only around RM 3. |
cefiro22 377 posts | Posted by cefiro22 > Aug 28, 2014 11:05 AM | Report Abuse Keck Seng NTA is RM 5.54 on assets not revalued to present-day market prices. Yesterday got a knock-out blow with one big hit at RM 6.28, block selling by just one seller, out of frustration I presume, so just keep cool and start collecting as it hits RM6.00, a near 25% drop from its recent peak of 7.97. I am looking at capital gains, not just dividends alone....Cheers! |
leslieroycarter 5777 posts | Posted by leslieroycarter > Aug 28, 2014 1:13 PM | Report Abuse the government should start collecting withholding taxes at 10%or more from company like kseng , keeping cash and refused to distribute to all the shareholders and not doing anything except keep under the pillow. This will shrink the economy and hurt the country because not helping the country in creating jobs, less financial circulation , no growth and overall economy in a standstill. |
leslieroycarter 5777 posts | Posted by leslieroycarter > Aug 28, 2014 4:10 PM | Report Abuse the management team seemed to be very insensitive on the plights of minority shareholders by giving out hand-outs to beggars @ 4c a piece ! I wonder whether the co is very ill-afford to pay even 5c in round figure? After all , whatever the amount of savings are meant for all shareholders and not to the elite " major" shareholders. I wonder and very curious why they can make such a good decision? |
stkoay 2897 posts | Posted by stkoay > Aug 28, 2014 4:15 PM | Report Abuse Just to share share something good............. http://klse.i3investor.com/servlets/staticfile/245124.jsp http://www.bursamalaysia.com/market/listed-companies/company-announcements/1720917 |
prudentinvestor 1318 posts | Posted by prudentinvestor > Aug 28, 2014 7:25 PM | Report Abuse Sold about half of my KSeng shares yesterday and this morning. Will look at this counter again after it has dropped to around RM 5.80. |
HamSubBoy 183 posts | Posted by HamSubBoy > Aug 28, 2014 10:19 PM | Post removed. Why? |
stockoperator 996 posts | Posted by stockoperator > Aug 28, 2014 11:05 PM | Report Abuse company should focus on their core Business operation. Should not involve especially in share investment and so much cash holding and buying up so much non core resort and hotel and giving up pittance div. I really try to review this company from different perspective But i cant do it anymore. |
leslieroycarter 5777 posts | Posted by leslieroycarter > Aug 29, 2014 10:26 AM | Report Abuse ha.. prudentinvestor , u also cut kseng? I had exited half of my portfolio too! Can't stand the way management treated minority shareholders as dirt.... |
cefiro22 377 posts | Posted by cefiro22 > Aug 29, 2014 10:35 AM | Report Abuse Hello Keck Seng....Looks like we have to dance to your tune...? What choice do we have....so here we go....for me anyway...>> http://www.youtube.com/watch?v=-dzt6igyGRQ |
HamSubBoy 183 posts | Posted by HamSubBoy > Aug 29, 2014 10:52 AM | Post removed. Why? |