THE INVESTMENT APPROACH OF CALVIN TAN
MKH (6114) METRO KAJANG WILL BENEFIT FROM ECRL REROUTE TO BANGI/KAJANG, Calvin Tan Research
calvintaneng
Publish date: Mon, 15 Apr 2019, 02:58 PM
calvintaneng
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Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Hi guys,
Now that ECRL Reroute Stations have all surfaced ... MKH looks like A Top Beneficiary by Virtue of Its Huge Land Banks in Kajang - Semenyih region
Kajang is only 7km from Bangi which is less than 10 minutes away
Other Salient Factors are
1) MKH At Rm1.35 is Selling at at Huge 50% Discount to Net Assets of Rm2.70. Giving A Huge Margin of safety
And these are some interesting facts about Metro Kajang
Apart from Many Land Assets in Kajang - Semenyih MKH has 2 Shopping Complexes, a 3 Star Hotel, 4 parcels of commercial lands leased to two hypermarkets. 2 fast food restaurants & 4 offices.
These will give recurring income to pay dividends
2) SO STABLE IS MKH THAT PUBLIC BANK OFFICERS RETIREMENT FUND IS IN TOP 2ND HOLDER OF MKH
See Annual Report
3 Kenanga Nominees (Tempatan) Sdn Bhd Qualifier: Public Bank Group Officers’ Retirement Benefits Fund 34,553,134 5.967%
7 Public Invest Nominees (Tempatan) Sdn Bhd Qualifier: Public Bank Group Officers’ Retirement Benefits Fund 18,798,925 3.246%
Top 3 & 7 position go to Public Bank Group Officer Retirement Fund
SO GREAT IS THE TRUST TAN SRI TEH HOONG PEOW HAS IN MKH THAT HE ENTRUSTED HIS STAFF"S FUTURE FINANCIAL WELL BEING INTO THE HAND OF MKH MANAGEMENT
3) MKH ALSO DIVERSIFIED SUCCESSFULLY INTO OIL PALM CULTIVATION IN EAST KALIMANTAN
ABOUT 87,000 ACRES OF OIL PALM ARE GIVING OUT GOOD YIELDS
IT STILL HAS POCKETS OF RUBBER LANDS IN SEMENYIH...MANY ARE NOW BEING CONVERTED TO HOUSING ENCLAVES
4) MKH IS ALSO KNOWN TO REWARD SHAREHOLDERS WITH DECENT DIVIDENDS/RIGHTS/BONUS ISSUES
| 30-Nov-2018 | 21-Dec-2018 | DIVIDEND | First Interim Dividend | RM 0.035 |
 |
| 28-Nov-2017 | 22-Dec-2017 | DIVIDEND | First Interim Dividend | RM 0.05 |
|
| 17-Apr-2017 | 28-Apr-2017 | RIGHTS_ISSUE | Rights Issue | 1 : 10 |
|
| 25-Nov-2016 | 14-Dec-2016 | DIVIDEND | First Interim Dividend | RM 0.07 |
|
| 27-Nov-2015 | 16-Dec-2015 | DIVIDEND | First Interim Dividend | RM 0.0700 |
|
| 10-Oct-2014 | 29-Oct-2014 | DIVIDEND | First Interim Dividend | RM 0.08 |
|
| 29-Apr-2014 | 15-May-2014 | BONUS_ISSUE | Bonus Issue | 1 : 5 |
|
| 09-Dec-2013 | 19-Dec-2013 | DIVIDEND | First Interim Dividend | RM 0.1 |
|
| 09-Jan-2013 | 19-Feb-2013 | DIVIDEND | Final Dividend | RM 0.05 |
|
| 26-Nov-2012 | 06-Dec-2012 | RIGHTS_ISSUE | Rights Issue | 1 : 10 |
|
| 08-May-2012 | 18-May-2012 | BONUS_ISSUE | Bonus Issue | 1 : 10 |
|
| 08-Feb-2012 | 14-Mar-2012 | DIVIDEND | Final Dividend | RM 0.05 |
|
| 25-Feb-2011 | 10-Mar-2011 | BONUS_ISSUE | Bonus Issue | 1 : 10 |
|
| 27-Sep-2010 | 13-Oct-2010 | DIVIDEND | First Interim Dividend | RM 0.05 |
5) AND INSIDERS ARE ALSO SANGUINE ON ITS FUTURE BY BUYING MKH SHARES REGULARLY FROM OPEN MARKET
| DATUK CHEN FOOK WAH | 05-Apr-2019 | Acquired | 8,000 | 1.315 |
|
| DATUK CHEN FOOK WAH | 02-Apr-2019 | Acquired | 2,000 | 1.280 |
|
| DATUK CHEN FOOK WAH | 01-Apr-2019 | Acquired | 2,000 | 1.280 |
|
| TAN SRI DATUK CHEN LOK LOI | 23-Jan-2019 | Others | 168,219 | 1.200 |
|
| TAN SRI DATUK CHEN LOK LOI | 15-Jan-2019 | Others | 200,000 | 1.130 |
|
| TAN SRI DATO' CHEN KOOI CHIEW @ CHENG NGI CHONG | 07-Jan-2019 | Acquired | 10,000 | 1.170 |
|
| TAN SRI DATUK CHEN LOK LOI | 02-Jan-2019 | Acquired | 300 | 1.130 |
|
| DATUK CHEN FOOK WAH | 31-Dec-2018 | Acquired | 2,000 | 1.120 |
|
| DATUK CHEN FOOK WAH | 28-Dec-2018 | Acquired | 3,000 | 1.120 |
|
| DATUK CHEN FOOK WAH | 27-Dec-2018 | Acquired | 133,300 | 1.117 |
|
| TAN SRI DATO' CHEN KOOI CHIEW @ CHENG NGI CHONG | 20-Dec-2018 | Acquired | 7,800 | 1.180 |
|
| DATUK CHEN FOOK WAH | 19-Dec-2018 | Acquired | 3,000 | 1.160 |
|
| DATUK CHEN FOOK WAH | 18-Dec-2018 | Acquired | 9,300 | 1.156 |
|
| DATUK CHEN FOOK WAH | 17-Dec-2018 | Acquired | 3,500 | 1.160 |
|
| DATUK CHEN FOOK WAH | 14-Dec-2018 | Acquired | 18,800 | 1.170 |
|
| DATUK CHEN FOOK WAH | 12-Dec-2018 | Acquired | 2,500 | 1.180 |
|
| DATUK CHEN FOOK WAH | 11-Dec-2018 | Acquired | 30,000 | 1.160 |
|
| DATUK CHEN FOOK WAH | 03-Dec-2018 | Acquired | 3,000 | 1.190 |
|
| TAN SRI DATUK CHEN LOK LOI | 27-Nov-2018 | Others | 200,000 | 1.200 |
|
| TAN SRI DATUK CHEN LOK LOI | 13-Nov-2018 | Acquired | 2,500 | 1.230 |
|
| TAN SRI DATUK CHEN LOK LOI | 09-Nov-2018 | Acquired | 50,000 | 1.240 |
| TAN SRI DATUK CHEN LOK LOI | 07-Mar-2018 | Acquired | 5,000 | 1.500 |
|
| DATUK CHEN FOOK WAH | 05-Mar-2018 | Acquired | 28,000 | 1.518 |
|
| TAN SRI DATUK CHEN LOK LOI | 05-Mar-2018 | Acquired | 34,400 | 1.510 |
|
| TAN SRI DATUK CHEN LOK LOI | 02-Mar-2018 | Acquired | 50,000 | 1.540 |
|
| DATUK CHEN FOOK WAH | 02-Mar-2018 | Acquired | 30,000 | 1.546 |
|
| DATUK CHEN FOOK WAH | 01-Mar-2018 | Acquired | 49,600 | 1.561 |
|
| DATUK CHEN FOOK WAH | 14-Feb-2018 | Acquired | 4,900 | 1.546 |
|
| DATUK CHEN FOOK WAH | 09-Feb-2018 | Acquired | 4,000 | 1.570 |
|
| TAN SRI DATUK CHEN LOK LOI | 09-Feb-2018 | Acquired | 30,000 | 1.570 |
|
| DATUK CHEN FOOK WAH | 07-Feb-2018 | Acquired | 34,500 | 1.610 |
|
| DATUK CHEN FOOK WAH | 07-Feb-2018 | Acquired | 16,200 | 1.620 |
|
| DATUK CHEN FOOK WAH | 07-Feb-2018 | Acquired | 10,000 | 1.600 |
|
| TAN SRI DATUK CHEN LOK LOI | 06-Feb-2018 | Acquired | 50,000 | 1.618 |
|
| TAN SRI DATUK CHEN LOK LOI | 05-Feb-2018 | Acquired | 50,000 | 1.650 |
|
| TAN SRI DATUK CHEN LOK LOI | 26-Jan-2018 | Acquired | 100,000 | 1.684 |
|
| DATUK CHEN FOOK WAH | 24-Jan-2018 | Acquired | 3,000 | 1.680 |
|
| DATUK CHEN FOOK WAH | 22-Jan-2018 | Acquired | 8,000 | 1.695 |
|
| DATUK CHEN FOOK WAH | 16-Jan-2018 | Acquired | 12,500 | 1.747 |
|
| DATUK CHEN FOOK WAH | 15-Jan-2018 | Acquired | 5,500 | 1.790 |
|
| DATUK CHEN FOOK WAH | 11-Jan-2018 | Acquired | 9,000 | 1.804 |
|
| DATUK CHEN FOOK WAH | 03-Jan-2018 | Acquired | 16,000 | 1.772 |
6) BUT THE BEST TRIGGER IS THE REROUTING OF ECRL TO HAVE A TRAIN INTERCHANGE IN BANGI/KAJANG
KAJANG IS ONLY 7 KM FROM BANGI WHICH IS LESS THAN 10 MINUTES BY CAR FROM THE PLUS HIGHWAY
MKH ALREADY HAS AN MRT CONNECTING TO KL
SO NOW WITH THE ECRL STATIION AROUND EXPECT LOTS AND LOTS OF COMMUTERS TRAVELING SOUTH BOUND TO KAJANG/BANGI BEFORE BOARDING THE ECRL RAIL TO EAST COAST STATES OF PAHANG, TRENGGANU & KELANTAN
KAJANG WILL BOOM AND BOOM FOR YEARS TO COME
SO NOW IS OUR CHANCE TO BUY INTO THE GROWTH STORY BY TAKING UP POSITION IN MKH EARLY
AFTER ALL MKH STANDS FOR METRO KAJANG
METRO AS IN METROPOLIS WHICH MEANS A BIG CITY
AND MKH HAS THE LARGEST COLLECTION OF PRIME PRIME LANDS AND ASSET IN KAJANG
7) AT Rm1.35 NOW CALVIN HA A TARGET PRICE OF RM2.70 FOR MKH (ABOUT 100% UPSIDE)
THAT IS EQUAL TO ITS CURRENT NET ASSET PER SHARE OF RM2.70
BEST REGARDS
Calvin Tan Research
Singapore
Please buy or sell after doing your own due diligence
Further Note
The triple Support of
NTA (Selling at 50% discount)
EARNINGS (Lastest Qtr Earns 4.5 Sen
DIVIDEND (Propsed 3.5 Sen)
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2018
|
31 Dec 2017
|
31 Dec 2018
|
31 Dec 2017
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue up 28% |
267,846
|
194,291
|
267,846
|
194,291
|
| 2 | Profit/(loss) before tax |
41,060
|
28,024
|
41,060
|
28,024
|
| 3 | Profit/(loss) for the period |
30,013
|
17,500
|
30,013
|
17,500
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
26,400
|
17,189
|
26,400
|
17,189
|
| 5 | Basic earnings/(loss) per share (Subunit) |
4.50
|
2.95
|
4.50
|
2.95
|
| 6 | Proposed/Declared dividend per share (Subunit) |
3.50
|
5.00
|
3.50
|
5.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
2.7200
|
2.6600
|
||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
ARE ALL POSITIVE FOR MKH
AND NOW MKH SHARE PRICE IS STILL AT ALL TIME LOW OF RM1.35
AT ITS PEAK MKH TOUCHED RM4.00 A SHARE.
SO IF NOT NOW THEN WHEN?
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Discussions
Be the first to like this. Showing 9 of 9 comments
Calvin follows Sifu Peter Lynch
Peter Lynch had over 2,000 stocks
Calvin has not even recommended 200 stocks yet
Some like Talam, Dutaland, Mui Bhd, Masteel, Prestar are repeats. Peter Lynch bought the same stock and sold 3 to 4 times in their life cycles.
L&G might be another one in the rotation list after mkh
2019-04-15 20:05
Calvin sifu, market is very bad since last week. Any idea. Do u think we should still hold on to the stocks like ann joo, prestar, penergy, pantch, t7 global n velesto
2019-04-16 00:28
Good morning belajar123
Yes currently market is weak due to the fact that penergy already up by over 150% from 40 sen low, also most stocks are peaking.
Also Ecrl suspense now over.
Holding depends on your appetite. Maybe you should sell those which have run up and switch some to defensive laggards with dividends?
2019-04-16 07:54
As development starts for Ecrl South
Expect lots of construction engineers, workers and others to flock to Kajang Bangi putraja enclave
This will boost activity and business for Metrokajang
Mkh has 2 shopping complexes, a 3 star hotel, 4 commercial lands tenanted to 2 hypermarkets, 4 offices and huge housing enclaves in both kajang and semenyih
Mkh should re rerated upward
2019-04-16 13:52
MKH Kajang 2 has a new KTM station under construction now. If ERCL can interchange there, should be helping the area to become business hub for the southern region.
2019-04-16 18:16
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Uncle Calvin is like attention seeker like that.. :-p
2019-04-15 15:43