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2,691 comment(s). Last comment by yangxi at Nov 19, 2020 10:19 AM
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rlch
4081 posts

Posted by rlch > Apr 10, 2015 5:44 PM | Report Abuse

Why for buy expensive stock when dividend so little?


prudentinvestor
1308 posts

Posted by prudentinvestor > Apr 10, 2015 8:30 PM | Report Abuse

rich, you should immediately sell your Keck Seng shares, if you have invested in this counter. The probability of Keck Seng going up to RM 14 is higher.


limayseng
2069 posts

Posted by limayseng > Apr 13, 2015 4:34 PM | Report Abuse

reliable source said govt acquired 1700 acres quoted at RM 8.50 per ft2 but can request for a review in court for a higher compensation after the valuation done .


limayseng
2069 posts

Posted by limayseng > Apr 13, 2015 4:35 PM | Report Abuse

The balance of its land bank shall be around 8000 acres......


limayseng
2069 posts

Posted by limayseng > Apr 14, 2015 9:25 AM | Report Abuse

Majority preferred the co sold all stock n barrel in order to realise its intrinsive value.


prudentinvestor
1308 posts

Posted by prudentinvestor > Apr 14, 2015 3:32 PM | Report Abuse

The quantum of dividend to be paid will be known when the company releases its annual audited accounts at the end of this month.


prudentinvestor
1308 posts

Posted by prudentinvestor > Apr 15, 2015 10:48 AM | Report Abuse

Has any one read today's SinchewBusiness (星洲财经)? It was reported that Greenland Holdings of China (绿地集团)plans to buy 1,200 to 1,400 acres of industrial land located near to the existing Tanjung Langsat industrial building for RM 40 per ft2 or over 1.7 million per acre. Keck Seng's plantation land is just a stone's throw away.


Wowalk
110 posts

Posted by Wowalk > Apr 15, 2015 7:13 PM | Report Abuse

But is keck Seng land gazzetted as industry land?


limayseng
2069 posts

Posted by limayseng > Apr 16, 2015 1:54 PM | Report Abuse

No, agric lands coz the CEO said after conversion , the Co has to pay high premiums . So far the co has no plan to develop except to wait for acquisition.......


limayseng
2069 posts

Posted by limayseng > Apr 22, 2015 3:39 PM | Report Abuse

govt acquired n later sell to Greenland.....just because the mgt can't read n plan in long term but just sitting on it....


prudentinvestor
1308 posts

Posted by prudentinvestor > May 4, 2015 5:00 PM | Report Abuse

With land in Johor Bahru getting lesser and lesser each day, Keck Seng could come in for a revaluation by some savvy investors one day.The time might be earlier than one expects. We won't go very wrong if we slowly accumulate Keck Seng shares now. Forget about its paltry dividend payout. A long term view is needed if you want to invest in this counter.


ykloh
353 posts

Posted by ykloh > May 4, 2015 7:52 PM | Report Abuse

keck seng is assets laden but mgmt lacks ability to bring the co to enhance shareholder value by just sitting on its assets and cash.


Diamond7
1405 posts

Posted by Diamond7 > May 5, 2015 1:57 PM | Report Abuse

Will wait for bonus, share split and warrants patiently....one day will shoot sky high !!!


cefiro22
362 posts

Posted by cefiro22 > May 5, 2015 9:50 PM | Report Abuse

Bonus/Share Split are possibilities, including a special dividend, which we have all been waiting patiently for so long!!...But why warrants for Keck Seng?


win_win
85 posts

Posted by win_win > May 13, 2015 4:07 PM | Report Abuse

haiyo, holding for 3years liao...where's my spring time? If still can not perform, how?


prudentinvestor
1308 posts

Posted by prudentinvestor > May 14, 2015 5:39 PM | Report Abuse

Too bad you didn't sell when it went up to RM 7.97 in early Nov 2013. Have to wait for some time now before it goes up to this level again.


cefiro22
362 posts

Posted by cefiro22 > May 14, 2015 8:37 PM | Report Abuse

Selling at what price as the stock goes up is not that easy to determine (easier said than done) eg like OFI recent run, you follow Director selling at RM4/- still shoot up to RM6/- so how?? No harm just tell us when to sell Keck Seng if it makes a run, we appreciate the gesture and wont blame you. Thanks.


prudentinvestor
1308 posts

Posted by prudentinvestor > May 18, 2015 5:24 PM | Report Abuse

Nobody can ever correctly predict when to sell a share, otherwise one does not need to work, only concentrate on share investment. Even charts can be deceptive because share price is often manipulated. Suppose you have bought several thousand Keck Seng shares today, would you not sell some after it has gone up by 15 to 20%?


cefiro22
362 posts

Posted by cefiro22 > May 20, 2015 9:17 AM | Report Abuse

I participate in this Forum to share and learn how money is to be made in Bursa (KLSE), and continue to make more, after having retired, no more work. I see Keck Seng as one stock that will reward a faithful holder in the long run.
Knowing when and at what price to sell is much harder to be correct than knowing when to buy. I know that at these levels, Keck Seng is a BUY!!!


prudentinvestor
1308 posts

Posted by prudentinvestor > May 21, 2015 10:53 AM | Report Abuse

Keck Seng is a defensive play. If you buy at this level and its price still drops to RM 5.00, just invest more without hesitation.


Diamond7
1405 posts

Posted by Diamond7 > May 27, 2015 9:29 PM | Report Abuse

Just take the dividend first.....and wait patiently for capital gain...


Wowalk
110 posts

Posted by Wowalk > May 30, 2015 7:58 PM | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4758697


leslieroycarter
5767 posts

Posted by leslieroycarter > Jun 1, 2015 3:50 PM | Report Abuse

I just couldn't bring myself to comment this laggard stock though its assets r undervalued , nevertheless I can't see any buying interest either ; worst still some of its land bank has been acquired by the state government to build low cost houses . Reliable sources said , the compensation is RM 8.50 per ft2 coz its tenure is agric n haven't converted to housing or industrial . If the co is not satisfied , it can choose to file charges for a higher compensation, that's it. Per acre shall be RM 370,260 *1700 acs which equate to RM 6.29442 Billion...and per share shall be RM 17.41 per share...Hope my calculation is correct?


leslieroycarter
5767 posts

Posted by leslieroycarter > Jun 1, 2015 3:52 PM | Report Abuse

The co is initiating share buy back n the prospectus has been sent!


Wowalk
110 posts

Posted by Wowalk > Jun 1, 2015 4:57 PM | Report Abuse

@ leslieroycarter-600++ mil only. Any idea on how much land bank left after acquired by government?


prudentinvestor
1308 posts

Posted by prudentinvestor > Jun 2, 2015 12:07 PM | Report Abuse

With RM 1 billion in cash reserve and only about 142 million Keck Seng shares not held by its directors, major shares holders or their associates, the company can actually offer RM 7 per share to buy up all the public shares.


limayseng
2069 posts

Posted by limayseng > Jun 2, 2015 3:05 PM | Report Abuse

629.629 mi for 1700 acs , balance land bank is +- 8000 acs
so, 8000 acs*8.50 per fts 2 = 2962.96 mi+629.629 mi
=3592.589 mi /1000 mi
=3.592589 billion.....for all the land banks
paid up cap 361.477mi @ RM1 per share
@RM 9.93 per share for the land bank only.....!


limayseng
2069 posts

Posted by limayseng > Jun 2, 2015 3:06 PM | Report Abuse

others not counted.....


limayseng
2069 posts

Posted by limayseng > Jun 2, 2015 3:07 PM | Report Abuse

if the co were to sell stock n barrel shall be RM 17-20 per share.....or else nothing change?


limayseng
2069 posts

Posted by limayseng > Jun 3, 2015 9:27 AM | Report Abuse

Value buy =waiting game


prudentinvestor
1308 posts

Posted by prudentinvestor > Jun 3, 2015 10:28 AM | Report Abuse

Keck Seng has almost 10,000 acres of land bank, of which 8,900 acres are plantation land. The rest consists of a 510 acre gold course (including club house and other recreational facilities) and housing land. Keck Seng's housing land and golf course should be worth RM 1,000,000 per acre. Based on this, Keck Seng's land bank is already worth RM 12.2 per share.


win_win
85 posts

Posted by win_win > Jun 3, 2015 2:44 PM | Report Abuse

leslieroycarter, how true is your news?


MG9231
551 posts

Posted by MG9231 > Jun 3, 2015 3:21 PM | Report Abuse

can see but can not eat (in mandrin)


cefiro22
362 posts

Posted by cefiro22 > Jun 3, 2015 9:29 PM | Report Abuse

I cannot see, but smells good from the few valuable comments posted, thanks for sharing. Looks too good to miss, so I chiak some today and more as it drops. Cheers.


limayseng
2069 posts

Posted by limayseng > Jun 4, 2015 10:58 AM | Report Abuse

For those who can hold to the last will only suceed or else forget about it


win_win
85 posts

Posted by win_win > Jun 4, 2015 3:01 PM | Report Abuse

the agm will be on 23-jun. Wait for the good news.


prudentinvestor
1308 posts

Posted by prudentinvestor > Jun 4, 2015 3:51 PM | Report Abuse

Last year, Keck Seng's over RM 900 million cash only earned about RM 10.6 million in interest. If the management is half as good as EPF, the income from Keck Seng's cash stockpile would have been RM 30 million.


limayseng
2069 posts

Posted by limayseng > Jun 8, 2015 9:17 AM | Report Abuse

Its cash reserves is around 1.1-1.2b. If it were deposited in banks , it will earned not less than 40mi er year not 10.6mi ddefinitely. I think something is not right here !


prudentinvestor
1308 posts

Posted by prudentinvestor > Jun 8, 2015 12:40 PM | Report Abuse

Keck Seng must have kept most of its cash in Singapore. The average effective interest rates for its cash holding last year was 1.32 %. From the middle of last year, the Singapore dollar has gone up from $ 1 = 2.55 Ringgit to $ 1 = 2.75 Ringgit today. Can you imagine how much Keck Seng stands to gain if it keeps $ 300 million if its cash holdings in Singapore?


bjaya
260 posts

Posted by bjaya > Jun 15, 2015 6:36 PM | Report Abuse

It a counter of "Neither here nor there ".


limayseng
2069 posts

Posted by limayseng > Jun 23, 2015 3:15 PM | Report Abuse

kaunter utk keluarga aje!


limayseng
2069 posts

Posted by limayseng > Jun 24, 2015 3:39 PM | Report Abuse

why no disclosure of govt acquisition of its landed assets in Masai / Pasir Gudang area @ 1700 acres?


prudentinvestor
1308 posts

Posted by prudentinvestor > Jun 24, 2015 8:00 PM | Report Abuse

May be it is just rumour only, otherwise its share price would have shot through the roof.


tt101
1292 posts

Posted by tt101 > Jun 26, 2015 10:36 AM | Report Abuse

acquire to build affordable house?!


limayseng
2069 posts

Posted by limayseng > Jul 3, 2015 9:46 AM | Report Abuse

revisit nexttrade
http://nexttrade.blogspot.com/search?q=kseng


tt101
1292 posts

Posted by tt101 > Jul 3, 2015 10:16 AM | Report Abuse

Forget about the past, look at the future is more important


prudentinvestor
1308 posts

Posted by prudentinvestor > Jul 6, 2015 8:33 PM | Report Abuse

Invest in Keck Seng only if you are extremely patient and have the holding power.


prudentinvestor
1308 posts

Posted by prudentinvestor > Jul 15, 2015 11:20 AM | Report Abuse

Over the past two years, the Ringgit has dropped from 1 Singapore Dollar = 2.40 Ringgit to 2.80 Ringgit. Keck Seng keeps most of its almost 1 billion cash holdings in Singapore. Ringgit's loss is Keck Seng's gain.


thteh
98 posts

Posted by thteh > Jul 15, 2015 11:26 AM | Report Abuse

Prudentinvestor, is there anywhere in Annual Report which says money is kept in sing dollar ?


prudentinvestor
1308 posts

Posted by prudentinvestor > Jul 15, 2015 3:04 PM | Report Abuse

Go to page 53 of the annual report. Keck Seng had well over 900 million cash but this amount of money only earned the group 10.6 million in interest income. Our banks pay over 3% interest. The interest rate in Singapore is much lower. Look at the unrealized foreign exchange gain for that year and the year before. I believe the foreign exchange gain has not been fully reflected in the report.

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