Highlights
KLSE: MKH (6114)       MKH BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
1.24   +0.03 (2.48%)  1.20 - 1.24  645,600
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Expired Warrants

Name Type Listing Date Maturity Date Exercise Price Ratio
MKH-WB Warrants 10/01/2013 30/12/2017 1.55 1:1
MKH-CA Call Warrants 16/07/2014 31/07/2015 3.60 5 : 1
MKH-CB CALL WARRANTS 30/04/2015 29/02/2016 2.90 3:1
MKH-CC CALL WARRANTS 16/02/2017 31/10/2017 2.661 3.6703:1
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  13 people like this.
 
enid888 Major IBs and fund houses had been negative about property stocks for the last 4 years but the property stocks kept reporting good results with single digit PE for many of them. Were the IBs and fund houses wrong? I think they are and their analysis are too crude and coarse. Just simply say "property market not good, so property counters not good". Aunties in pasar also can give this kind of analysis.

If you check back the IBs' and fund houses' recommendations for the last 4 years, they recommended Oil & Gas and Construction counters. Many people loaded onto their lorries and ended up in Holland.
12/01/2019 13:32
enid888 Look at their recommendations, UMWOnG (Velesto), Armada, Icon, SapuraEnergy, Perisai, GKent, MRCB and Felda before the share prices tumbled. All are either "Strong Buy", "Buy" or "Hold". May be they gave these ratings to benefit themselves.
12/01/2019 13:47
Aero1 Spot on enid888. IBs only looking for story to tell. Story not good Sorry.
Some property counters are paying better dividend.
Properties are necessity!
14/01/2019 08:37
Aero1 When people dump you collect. Property industry still not in right time. Property industry not cyclical will stay low for many years to come. Nevermind the company is solid. Nevermind the company has 20 years unbroken profit record. Nevermind the company still pays dividend. Still property is not out of wood yet. Just dump. When people dump you collect. Happy investing!
17/01/2019 14:11
IbrahimBinFareed property is for holding long term?
17/01/2019 14:24
Icon8888 I am in

contrarian
18/01/2019 09:25
TheContrarian I am NOT IN!
18/01/2019 09:53
Aero1 只欠東風!
18/01/2019 17:32
Icon8888 只欠 CPO
18/01/2019 18:38
Icon8888 September 2018 quarter commentaries :

Despite the increase in revenue for the current quarter of RM333.5 million as compared to the preceding quarter of RM228.4 million, the group recorded lower profit before tax of RM26.1 million as compared to the preceding quarter of RM31.2 million mainly due to lower CPO sales volume of 26,500 MT and lower average selling price of RM1,872 per MT in the current quarter as compared to 33,000 MT and RM2,173 per MT respectively in the preceding quarter.
18/01/2019 18:41
Icon8888 In September 2018 quarter, CPO price achieved RM1,872 per MT

Now is RM2,223 per MT

next q should be good
18/01/2019 18:42
Icon8888 September 2018 quarter lousy result also due to forex loss RM10 mil, land donation RM9 mil

those are not recurrent
18/01/2019 18:44
Icon8888 recent lousy performance and CPO down cycle provides opportunities to accumulate on the cheap

one day, CPO price will recover

so will profitability

that is why it is a contrarian move
18/01/2019 18:46
qqq3 seems this I con with his BIMB, Affin, MKH and Armada is a good contrarian , with him, u either get second last or second from the top.
18/01/2019 18:54
Icon8888 Oh no offence taken

These few stocks are indeed quite dinosaur

I pick them because I have already got adequate high potential high beta stocks
18/01/2019 18:57
Icon8888 I have enough high beta to deliver good performance in a hot market, so I am now looking into Low profile stocks that can’t hurt much in the event that market turns sour

More of “think of safety first, only then return” kind of stocks
18/01/2019 19:01
Icon8888 Armada is a good one

Cost 16 Sen

CIMB buy call target price 70 Sen
18/01/2019 19:02
Choivo Capital I wonder why all these companies like to diversify into CPO. Diversify into Musang King can ah.
18/01/2019 19:20
Icon8888 oh oh, here come Jon Choivo

and this round he is trying to crack jokes...
18/01/2019 19:21
Connie555 Ask him go and run a company himself....majority shareholder will feel sick listen to him....
18/01/2019 20:06
enid888 At CPO price of RM2,223 per MT, MKH is still making decent profit. Their cost should be around RM1,500 per MT.
19/01/2019 09:52
sowsc1987 wao....icon8888 sifu also look good this stock....good sign~~i have survey all mkh project....all have good location and good take up rate except saville d'island(almost TOD) concept.....mkh oil plam is at flat land ,the production is higer than hill land ,the valuation of the land almost now the mkh market value.......can say buy 1 free 1
19/01/2019 10:24
Icon8888 In today The Star, expert believe average 2019 CPO could be RM2,500

If that happens, you won’t be able to buy mkh at 1.25 anymore

Correct ?
19/01/2019 10:28
Icon8888 I have a soft spot for well run companies like this that have been sold down due to cyclical factor
19/01/2019 10:29
Icon8888 According to latest quarter report, property unbilled sales RM1 bil

In FY2018, total property development revenue RM700 mil

Meaning in coming FY2019, property profit no problem
19/01/2019 10:34
sowsc1987 2018,mkh much project still at early stage development .....2019 the property contribution will more visibility......now kajang area not much land for build landed property,kajang 2 a mkh diamond.....kajang east phase 1 a feng sui land ,located at kajang east highest place....
19/01/2019 10:46
Icon8888 thank you sifu. You seem quite familiar. I follow you dumb dumb hold
19/01/2019 10:47
sowsc1987 kajang east phase 1 project profit very high.....not need build show room ,low land price and low expense.....
19/01/2019 10:48
Icon8888 16,000 heactares planted area produce 478,000 MT FFB

30 MT per hectare
19/01/2019 11:05
sowsc1987 yes...well managment....much malaysia oil palm company also cannot achive it
19/01/2019 11:07
Icon8888 I heard because their Indonesia’s land got volcanic soil

Very fertile
19/01/2019 11:11
sowsc1987 that land around rain land,oil palm need much water, second is flat land ,third is soil and managment
19/01/2019 11:16
sowsc1987 Q1 2019 have currency gain ,at least 10 million
19/01/2019 11:24
Icon8888 The more we talk the more I like

Next week buy more
19/01/2019 11:25
enid888 MKH's Kalimantan plantation is really fertile. The big boss, Tan Sri Dato' Chen Kooi Chiew personally went to see the land and confirmed the deal in 2007. The land is flat and with volcanic soil. The current yield is about 28MT to 30MT per hectare. This yield is considered very high as compared to the plantation yield in Malaysia at around 20MT to 22MT per hectare. The additional yield turns to much higher profit. If you consider the fixed cost and variable cost of production, you will understand that the additional harvest brings in much higher profits.
19/01/2019 15:13
enid888 MKH bought over additional 2,445 hectares of plantation, near to its existing plantation in 2016. In total, MKH has 18,388 hectares now, 16,407 ha are planted and almost all of them have matured. From the announcements in last one or two years, the plantation land worth about RM1.1bil and MKH has plan to list it. RM1.1bil is aldy much higher than the current market capitalisation of MKH at RM733mil.

Now, you can see how undervalued MKH is. It is a topaz mistaken as a blue stone, a diamond mistaken as a quartz.
19/01/2019 15:35
Aero1 Wow wow!
21/01/2019 15:08
lcng123 don't talk so much about MKH in the forum. let MKH share price up slowly and quietly.
21/01/2019 16:45
sowsc1987 Delete all the comments?
21/01/2019 21:12
Icon8888 MACD crossed zero line decisively
22/01/2019 18:54
enid888 Generally, MKH's properties are selling well. The unbilled sales are at a record high of RM1bil. This is the highest in MKH's history. Inventory is at a very low level of RM100mil and it is expected to be sold in the coming National Homeownership Campaign on 1/3/19.

http://www.theedgemarkets.com/article/mkh-sees-profit-rebounding-fy19-after-hitting-fiveyear-low
23/01/2019 08:14
Aero1 Ah Chen said:

The industry is expected to improve gradually following Indonesia's removal of crude palm oil export levy from previous USD50 per MT that will stimulate rise in palm oil trades. The crude palm oil prices have since recovered from the previous low of approximately RM1,800 to above
RM2,100 per MT, and we expect demand to pick up in 2019 partly due to:-
• Indonesia’s enforcement of B20 biodiesel since October 2018
• Reduction of Indian import duty for CPO from 44% to 40% in January 2019
• Malaysia’s implementation of mandatory B10 biodiesel in February 2019

We will also continue to give focus on enhancing estate management with increased implementation of mechanical-assisted collection to boost production efficiencies including oil extraction rate. Hence, we expect the Plantation Division to benefit from the above.
29/01/2019 15:34
Aero1 Production for both Estates FY2016 FY2017 FY2018
Fresh Fruit Bunches (“FFB”) (MT) 371,000* 398,000* 465,000*
Crude Palm Oil (“CPO”) (MT) 85,000* 83,000* 101,000*
Average CPO Price RM2,050 RM2,530 RM2,160
Oil Extraction Rate (“OER”) 22% 20% 21%
PT MKH – FFB Yield (MT/hectare) 25MT 26MT 30MT
29/01/2019 15:36
Aero1 Plantation potentially very good cash generating division. CPO 100,000 MT to generate additional cash flow 20 million from the USD50 savings alone.
29/01/2019 15:41
hopetobecorrect anyone can share opinions on mkh debts?
30/01/2019 09:34
Aero1 https://www.freemalaysiatoday.com/category/nation/2019/01/31/feng-shui-says-palm-oil-will-do-well-in-year-of-the-pig/
31/01/2019 18:39
Aero1 https://gapki.id/wp-content/uploads/2019/02/INA-PALMOIL-STATISTIC-DATA-2018-FULL-YEARS.jpg
12/02/2019 08:32
Aero1 Indonesian presidential hopefuls vow energy self-sufficiency through palm
Read more at https://www.thestar.com.my/business/business-news/2019/02/18/indonesian-presidential-hopefuls-vow-energy-self-sufficiency-through-palm-oil/#zAzep0uh1VYgiiWs.99
18/02/2019 09:19
Aero1 https://gapki.id/news/14238/road-test-b50-medan-jakarta-berjalan-lancar-gapki-sambut-salam-sukses
18/02/2019 09:23
Aero1 How the world got hooked on palm oil
https://www.theguardian.com/news/2019/feb/19/palm-oil-ingredient-biscuits-shampoo-environmental
19/02/2019 16:45


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