MKH Could Double In Value
MKH Could Double In Value - Business Time
MKH Bhd (formerly known as Metro Kajang Holdings) could see its value double this
year.
Its share price surged yesterday, boosted by a report from Hwang DBS Research unit
valuing the company at twice as much as its 2013 closing price of RM2.69.
MKH, a niche township developer in Kajang, has a 25-year unblemished profit track
record.
Executive chairman Tan Sri Alex Chen Kooi Chiew drove the company into the
plantation business in 2008, making East Kalimantan the home base for its plantation
division.
The company has a 15,900ha oil palm estate in East Kalimantan and is looking to
acquire an additional 20,000ha in the same area.
According to Hwang DBS, the plantation business helped increase core profit in 2013
by 96 per cent. Up to the nine months ended August 31 2013, MKH's net profit
attributable to shareholders was up by 124.3 per cent year-on-year to RM47.1 million
from RM21 million.
Hwang DBS values MKH at RM5.40 a share, noted even as this price, it remains the
cheapest proxy to the plantation sector.
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3 people like this. Showing 11 of 11 comments
Chinesetea I don't know much about plantation section but their housing and property in Kajang do attracts me personally. They're now getting more and more aggreassive in marketing their bread and butter in Kajang.
2014-01-04 05:43
That's good to know. I believe there are lots of room to grow even after two days run. People still sceptical about the new target until they see the final quarter report and further price rise like ecoworld. I like this counter because the oil has only started and already significantly increase the earning and they are going to more than double that.
Property and plantation are hot this year and mkh has the best of both worlds
Good to see you here. Are you in this counter yet?
Almost every counter I own, I see you there. We must have the same view of value stockv:-). You wake up so early.
2014-01-04 06:37
mkh is the top counter in my portfolio(22%) with average price at rm1.69. i am waiting for it to fly. engine just started.
2014-01-04 11:55
Can't agree more with Mark Bird..Buy, buy, buy before its too high to go in...TP RM 5.40 lor...
2014-01-04 17:22
Chinesetea: I'm in MKH but my main focus will be on Ecoworld & Datasonic. Anyway I will be monitoring their Kajang's housing projects closely as Kajang rather near to me. We are both value investor. Hopefully we are able to be rewarded handsomely by investing in these undervalued value company.
2014-01-05 09:51
Great. MHK fundamental very strong. It's on the road to be double since I last post. The extra 2000ha will certainly double the revenue in addition to the free land they can use to build new houses.
This counter has research house back up the figure. Ecoworld is very good and it will only be realised once the report is out after the asset injection. At the moment, it attracts too much speculator. People still can't believe because they have not read all the news.
2014-01-06 18:44
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Mark Bird
whoa TP RM5.40
2014-01-03 23:08