After a long day, many sites and estate managers will settle down in air conditioned rooms .. make a cup of coffee and look at the screen .. then will start placing orders. :-)

Rights issue oversubscribed by 18%. Many rush to put money in this company. The MD walks the talk. Kudos!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1564793

See the words ... we reiterate / we firmly believe
-------------------------------------
MKH has proposed to undertake a 1-for-5 bonus issue scheduled for completion by 2QCY14. The proposed bonus issue is likely to enhance MKH shares’ marketability and trading liquidity which have been very encouraging since we initiated on 2 Jan 14. We believe the proposed exercise will help further improve investors’ confidence on the company as it has been consistently rewarding its shareholders (via bonus issues and dividends etc), in tandem with its stellar financial performance. To recap, MKH has been rewarding its shareholders over the past few years with 1-for-10 bonus issues.

We reiterate our high conviction pick on MKH with RM5.40 SOP-derived TP. We firmly believe that MKH is a rare gem that offers both deep value and explosive earnings growth trajectory. Current valuation at 7.5x FY15F EPS remains attractive given the highly visible and strong growth potential.

Source: HwangDBS Research - 12 Mar 2014

Warrants lack of confidence to move? The 'gap' is quite attractive.

Good to see many of you here and here to stay. Happy investing!

How would they adjust the warrants? to the price or number of warrant?

Unless you have a better place ..

mbuv4res ... stay the course

CPO price +5% ---> Net profit +4%
If CPO stays above 3,000 MKH is to achieve equal in profit by property and plantation in 2015.

The TP likely be re-rated before quarterly results announcement in May?

Quite bullish on the trees. Weighted average age in 2014/4.81, 2015/5.81 and 2016/6.81. By 2016, 63% of the total planted area will have prime age trees. There can never be better time for MKH to leverage further ..

What happen to IDR?

High rise ambition is on track. Following MKH Boulevard, another high rise project with GDV 250 mil is on the way in Kajang Town, Jalan Reko.

Tenure: Freehold / Property Type: 2, 3 and 5 Storey Shop Office, Serviced Apartment / Land Area: Approximately 6 acres / Built-up Area: 2, 3 and 5 Storey Shop Office: From 2,661 sq ft Serviced Apartment: 704 sq ft - 1,000 sq ft / No. of Units: Serviced Apartment: 576 units / Status: Open For Registration

In the trees, your money is growing ..
Happy investing!

Too early. It is just beginning that MKH captures its current strength to expand its balance sheet. Naturally, MKH will leverage further and one should expect exciting news to come.

Happy morning! Just an article to share ..
http://www.thestar.com.my/Business/SME/2014/03/07/Kajangs-new-appeal-Developers-are-turning-to-area-for-its-growth-potential/

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Link .. link .. link and the property value can only go up.
http://www.nst.com.my/business/todayspaper/boosting-connectivity-1.498883

Lay Hong's market value is cheap at 75 mil. But the company generates > 500 mil sales a year.

Lay Hong's tangible value per share per is RM2.30.

QL has recorded sales above 600mil for the first time in the quarter ended 30/9. The latest quarterly sales (31/12) were a record at 666mil. QL's sales may reach 3bil in the next financial year. Happy investing!

http://www.bloomberg.com/news/2014-03-04/palm-oil-seen-by-mistry-influenced-by-el-nino-and-biofuels-2-.html

http://www.bloomberg.com/news/2014-03-04/palm-oil-seen-by-mistry-influenced-by-el-nino-and-biofuels-2-.html

On top of dividend, QL rewards with bonus issue. Computation shows a return of more than 20% last year. Without profit you cannot create wealth.

The borrowing is set to drop after the rights issue ... but that is not the way to maximise value and QL has given many hints.

Would have hoped QL pours more resources in the plantation just like MKH ... the latter is reaping the benefits now.

http://www.bloomberg.com/news/2014-03-02/palm-oil-export-growth-stalling-in-indonesia-on-biodiesel-surge.html

http://www.bloomberg.com/news/2014-03-02/palm-oil-export-growth-stalling-in-indonesia-on-biodiesel-surge.html

I like this model, don't split.
http://www.nanyang.com/node/603185?tid=462

Fair comments.

Good to see QL jumped 4% today. Money put in good use.
Happy investing!

It's never a good time or bad time if you know there will be a better time.

Benefit from expanded capacities in the marine product and livestock divisions. Better profit margins ahead. Associated Layhong and Biolermech are expected to perform well.

It is was a bargain buy this morning!
The profit margins of the two segments improved. Indeed the margin for the plantation segment was impressive. Plantation sales may top 160m this year with higher FFB and CPO price. If no forex losses (if today's rate stays, 20 mil loss will be reversed), plantation may contribute 20sen EPS.
The profit growth in property is also visible with the unbilled sales. Coupled with improved margin, this segment may contribute well above 20 - 25 sen EPS.

http://www.bloomberg.com/news/2014-02-27/palm-advancing-to-3-000-ringgit-for-coleman-as-dry-weather-bites.html

http://www.bloomberg.com/news/2014-02-27/palm-advancing-to-3-000-ringgit-for-coleman-as-dry-weather-bites.html

Genting plantation says production cost in 2014 will be lower because of lower fertilizers cost. Good to hear.

tea .. you are spot on CPO broke 2,800 just now. +10% CPO price should boost MKH's earnings by 3sen this year and 5sen next year simply because of higher output. Timing cannot be better for MKH be it on plantation or property. I don't have any TP at the moment. Multi-year re-rating is on the horizon. But will be happy to see everyone at 5.

http://www.nanyang.com/node/602332?tid=462
Marine prawn farming ... see this coming. This project occupying 250 acres. 250 acres. 250 acres.

Key assumption in the TP 5.4 - CPO price FY2014/2,366, FY2015/2486 and FY2016/2,608.
Defeated!

http://www.bloomberg.com/news/2014-02-24/buffett-warns-of-liquidity-curse-celebrates-property-bet.html
Happy reading!

Several TP by:
Public Bank / 3.32
HwangDbs / 3.60
Kenanga / 3.32
MBB / 2.86

The Edge says ... Dual Catalysts may propel MKH / WB further.
Happy Investing!

haha it is indeed a small IOI (plantation+property) before the split. And I prefer under one roof ... historically it tells me the two combined provides smoother and steady earnings.

Will not expect big fluctuation due to its nature of business. Glad to see the revenue and profit growth over the years. Top line is fast approaching 3 bil and will not be suprise if QL takes it further to 4 bil a level Nestle Malaysia is doing. When the scale is reached, return will be enormous.

No Nestle so QL ...

kenken ... real life experience speaks tonnes! Congrat.

Marine product going strongly due to added capacity and lower cost. CPO average price Q4 2013 RM2,400 but will be higher in Q1 2014. Livestock's top line growth was impressive. Best yet to come ... stay tuned.

Now at RM1.4 bil market value. IOI bought Unico (similar size of ha) for RM1 bil when CPO price was hovering at RM2,200. Now CPO is higher at RM2,700. Are we are still buying MKH's propery assets and profits at virtually no cost.

Multi-year re-rating on the horizon ...
Happy investing!