Highlights
KLSE: INCKEN (2607)       INCH KENNETH KAJANG RUBBER PLC MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
0.635   +0.005 (0.79%)  0.635 - 0.635  4,000
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Overview

Market Cap: 256 Million
NOSH: 403 Million
Avg Volume (4 weeks):184,018
4 Weeks Range:0.62 - 0.64
4 Weeks Price Volatility (%):
75.00%
52 Weeks Range:0.61 - 0.77
52 Weeks Price Volatility (%):
15.62%
Average Price Target:-
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  30-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  28-Feb-2019
T4Q P/E | EY: -13.21  |  -7.57%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.5738  |  0.40
T4Q NP Margin | ROE: -90.72%  |  -3.05%

Headlines



No recent Headlines for this stock.


Business Background

Inch Kenneth Kajang Rubber PLC operates as an investment holding company. It is an oil palm grower in Selangor, Malaysia. The company's subsidiaries are involved in the operations of a block rubber manufacturer, tourist resort, retailing building supplies, property development and leasing of properties in Malaysia. Its segments are Plantations, Manufacturing, Tourism and Others. Plantations include sale of fresh fruit bunches. Manufacturing includes producing constant viscosity rubber blocks. Tourism includes operation of two tourist resorts, sale of rooms and sale of food and beverages. Others include property development and leasing, trading and investment. The company earns majority of its revenues from the Tourism segment. It operates in Malaysia and Thailand.
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  4 people like this.
 
positive99 moving up 3rd day already..up 0.015 today...
21/02/2014 14:49
Pandawong This is defintely a long term stock. Happy trading :-)
06/03/2014 14:07
beeair2013 Seems to have some buying. Initiate to buy .81 to .85 ...........
25/04/2014 16:08
eu7985 Ya lor, suddenly without any ppl aware, here not much comment also
26/04/2014 10:35
30/04/2014 08:37
HC Lee TOMOLO must BUYYYYYYYYYYYYYYY.
25/06/2014 17:45
matilda What's there to comment when Inckeneth has been in hibernation far too long. Been holding this laggard for almost 6 mths. I believe its land assets has never been revalued since booked in the 1960s or 70s. It has a large track of plantation land in Kajang ripe for property development. Reputable developers like SP Setia, Naza TTDI, Tropicana & Sime Darby have been aggresively purchasing land further south from Semenyih down to Seremban due to scarcity of land for development. Even if no developers are pursuing Inckeneth land assets, a revaluation of its land assets will certainly price its share value 2 fold. Add that to puting its plantation land on the market, you'll have a double whammy. Though Keneth is only inching up after long hibernation, it will travel by a mile in the near term. Best of luck.
25/06/2014 18:18
HC Lee Be ready to sell on strength...if you are trap then another 6 months of hibernation..ha ha
25/06/2014 23:28
HC Lee Showtime cominggggggggggg...
26/06/2014 15:21
HC Lee Huat arrrrrrrrrrr......
26/06/2014 15:58
HC Lee Dun be trap...once trap it will hibernate for half year...
26/06/2014 16:25
chaplang two consecutive days price and volume up is a good indication..something must be happening. still very early to go in...
26/06/2014 16:49
beeair2013 Let see breaking of @0.95............................
03/07/2014 17:07
theavengers 0.95 ? Not 1.95?
03/07/2014 21:54
kkteng70 Why a lot of people sell ?
04/07/2014 13:01
theavengers Fast ...sell it to me......i want
05/07/2014 12:56
HC Lee Got ppl kena trap alredi.....it will go into hibernation for half year again....
07/07/2014 10:41
chaplang volume not promising enough
08/07/2014 16:20
kkteng70 I think it rest a while it will come again
10/07/2014 13:36
HC Lee Always hibernate and after wake up trap a few punters and go to sleep again. Same tactic....nothing is happening in the company....only sharks looking for some meals.
10/07/2014 15:10
kkteng70 HC Lee is right.. look sleep again
11/07/2014 21:50
trustme932 m quite disappointed with its performance lately.If u look at the v v long term chart(15 yrs) its still looking good i.e.on the uptrend.Higher lows n highs,now,with strong bottom seen at 0.80-82 area.I don't c y it wud retest the aforesaid bottom area.A new high n trading range is expected to be seen over the med long term with potential to test/break 1.12.Immediate base sup is at 0.855-0.87 area shud hold although it broke below the sup line of the near term uptrend channel at 0.93.Hold on to it if u r caught at higher level.I bot it since last year n still hoping to c a test abv 1.00 again.
17/07/2014 09:13
HC Lee If u sell, it will go up. But if u buy and sellers after that are not as big, then be prepare to wait. tis is the characteristic of this and many illiquid stocks. Unless there is something brewing....they will trap u and test your patience.
18/07/2014 23:25
鹅麟依旧≈ 扫地僧 .................duitKWSPkita is buying INCKEN...............


Enjoy your harvest then!

Happy trading!
25/07/2014 09:17
trustme932 1.02/1.12/1.30 r my tps over the next 2 months.good luck.
08/09/2014 09:18
Jehovahnissi sleeping counter when to wake up
24/10/2014 15:10
Lam7894 The company has a strong balance sheet with net cash of Rm172,369,000 as at end of June 2014. This is equivalent to Rm0.43 per share and as at end June 2014 and net assets per share of Rm1.74.
27/10/2014 14:03
Lam7894 Its asset is land. Its approximately 494 acre tract in Mukim of Semenyih, Daerah Ulu Langat, Selangor which located adjacent to Serene Heights. The total valuation of the land in Kajang and Bangi at 31 December 2013 was RM431 million. (MYR20psf; current asking price).
27/10/2014 14:14
Lam7894 UEMS will launch Serene Heights @ Bangi (MYR123m GDV; double-storey terraces) by end 2014. Analysts are particularly excited about the Bangi project given its: 1) attractive selling price of MYR520,000/unit, 2) the strong demand for landed properties below MYR1m, and 3) growing demand for properties in the Southern Klang Valley area (ie. Kajang, Semenyih, Bangi) due to improving connectivity and infrastructure (e.g. KVMRT1, SKVE).

The land was bought from Inch Kenneth Kajang Rubber. The project is located adjacent to the Alam Sari township and Universiti Kebangsaan Malaysia, and is within the vicinity of Bandar Baru Bangi.
27/10/2014 14:17
Lam7894 Efforts at developing the land bank aproximately 494 acre are nearer to the approval stage.
27/10/2014 14:18
Jehovahnissi God bless Incken up up up
09/01/2015 16:01
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/2607/31-Dec-2014.jsp
26/02/2015 18:31
logitrader http://www.klse.my/financial/annualAuditedAccount/2607/31-Dec-2014.jsp
29/04/2015 17:39
Jehovahnissi shalom
16/06/2017 10:12
pharker What happened ??? Window dressing ??

Any updates
12/01/2018 10:55
dentab Anything related to Kuchai, /SBagan /Kluang
12/01/2018 10:58
Sebastian Sted Power Privatisation?
12/01/2018 11:37
Sebastian Sted Power Or maybe merger? Cannot be S again and kluang all up until I also shocking why suddenly my trading +20%
12/01/2018 11:40
mf limit up?
12/01/2018 11:42
Sebastian Sted Power Fahmi, jangan kacau
12/01/2018 11:51
kyosan SBAGAN, KLUANG and KUCHAI shares the same management,

Incken...dont know..
12/01/2018 12:03
kyosan The Lee family also controls old plantation companies like Kuchai Development Bhd


, Kluang Rubber Company (Malaya) Bhd and Sungei Bagan Rubber Company (Malaya) Bhd.
--------------------

Lee fAMILY got stakes inside incken too..
12/01/2018 12:05
Sebastian Sted Power Great Eastern effect really GREAT!!
12/01/2018 22:00
Jehovahnissi Hallelujah
15/01/2018 09:55
Jehovahnissi Shalom
24/01/2018 11:07
dentab INCH KENNETH KAJANG RUBBER PLC buyback 65,100 shares from 0.680 to 0.685 on 31-May-2018. Any sifu help to explain why company want to buyback........?Any big plan or restructuring of INC going on.....?????????????????
01/06/2018 11:25
multi530 i guess share buy back now, privitisation or take over later.
08/07/2018 09:53
Junqi Buying back a couple of huncred tnousand shares is peanut
The directors are so bored with nothing to do
I will sit up when buyback in millions
03/01/2019 11:47
dompeilee Ng Ah Chai swallowed to many lots back in 2013, now kana indigestion had to vomit 7,500,000 shares lately lol
17/01/2019 18:37
commonsense The company has mostly recorded full year losses for the past 10 years with only FY09 and FY12 being the only profitable years. 9m18 result was a loss of RM5.8mil with full year 2018 loss expected to reach around -RM8mil. To think that the company can suddenly turnaround and post a profit in FY19 might be a bit of a wishful thinking on the part of some investors.

The company’s decision to venture towards the Property industry might be a bit late given the current negative sentiment of the industry. Any profit from the Tourism segment is not enough to cover the company high corporate expenses. It would be better for investors to focus on other companies that are actually profitable as some are currently trading at very low PE multiple vs their industry average.

If you are looking to diversify your portfolio outside of Inch Kenneth Kajang Rubber (due to its earnings uncertainties and weak market outlook) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
30/01/2019 09:39


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