Referring to this article posted by an arrogant old man:

http://klse.i3investor.com/blogs/koonyewyinblog/104831.jsp

I wish to take this opportunity to elaborate more on MKH. As I said before, there is already an oversupply of properties in every town and city in Malaysia.  Property sales will definitely slow down and all property companies’ profit will be reduced. That is why I do not agree with his buy recommendation for MKH.  

MKH’s 3^rd Quarter announcement in Bursa confirms what I said quote: 

Third quarter ended 30 June 2016 The Group recorded higher revenue and profit before tax for the current quarter of RM282.1 million and RM62.6 million as compared to the preceding year correspondence quarter of RM255.8 million and RM30.3 million respectively. The increase in the Group’s revenue by 10.3% and profit before tax by 106.6% was mainly contributed by the property and construction division from its on-going and new development projects and the unrealised foreign exchange gains of RM4.9 million from the plantation division following the strengthening of Indonesia Rupiah against the United States Dollar borrowings as compared to the unrealised foreign exchange losses of RM5.4 million in the preceding year correspondence quarter.

(ii) Financial year-to-date (“YTD”) ended 30 June 2016 by Segments Property and construction The division recorded higher revenue and profit before tax of RM620.6 million and RM149.8 million for the current YTD as compared to the preceding YTD of RM445.0 million and RM73.5 million respectively following the higher revenue and profit recognition from the ongoing projects, namely Hill Park Shah Alam, Pelangi Heights, Kajang East, MKH Avenue, MKH Boulevard, Saville @ Kajang, Pelangi Semenyih (built then sell), and new projects, namely Saville @ Cheras and Hillpark 3 and a project grant from government of RM11.7 million. As at 30 June 2016, the Group has locked-in unbilled sales value of RM800.6 million from which attributed sales revenue and profits will be recognised progressively as their development percentage of completion progresses.

You do not need to be a rocket scientist to know that MKH’s huge increase of profit as announced is from previous sales. I expect MKH’s future profit will be reduced due to poorer property sales and its share price will drop. 

Investors must always use their limited funds to buy shares that comply with my share selection golden rule which is the company must make more profit in the current year than last year. Investors must bear in mind that MKH’s profit is from previous sales.

Final decision is yours!

------------------------------------------------------------------------------------------------------------------------------

So the arrogant old man didn't know MKH's projects are located at Kajang lo!! where MRT is connected here lo, and the sales is very good lo.

And he didn't know MKH has palm oil biz in Indo lo. Lmao!! Laugh die me lo!!

Let sit back and relax to see ChooBee and Gadang's coming results!