Looking forward to next year eps of > 10 sen each quarter hence making inroads into whole year eps of > 40 sen. Says PE 8 TP 3.60 .. enjoy investing!

lkfo512 me too .. great counter .. resilient model .. great growth potential

MKH Boulevard
Property Type:
Serviced Apartments & Boutique Shop Offices

Built-Up Area :
Type A1/A1a Built-Up 575 sq.ft: 126 units
Type B1/B1a Built-Up 840 sq.ft: 52 units
Type B2 Built-Up 840 sq.ft (corner units): 21 units
Type B3 Built-Up 840 sq.ft (corner units): 31 units
Type B2a Built-Up 870 sq.ft (corner units): 26 units
Type C1/C1a Built-Up 1,094 sq.ft: 52 units

Total Units :
Serviced Apartment: 308 units
Shop Offices: 25 lots (3 storey) & 5 lots (6 storey)

Status:
Serviced Apartments : Bumi Units Only
Shop Offices : Limited Units Available

This round MKH may have to hike its dividend to make warrants conversion more attractive. Isn't that one of the things to do for issuing the warrants? I agree .. shrobin that higher dividend rate is imminent .. otherwise MKH will incur higher borrowing cost.

I see it this way... at the low cycle of CPO price, IOI bought Unico for RM1 bil. Unico, a pure plantation company, owns planted 12,700 ha in Sabah. IOI is known to be a prudent buyer. MKH owns planted 15,000 ha East Kalimantan and currently has market capitalisation of less than RM1 bil. Simple comparision - market has not attributed any value to other assets in the MKH Group .. Why?

This freehold land serves to compliment its Kajang 2 commercial development by putting in more population ..

just .. if you believe in QL business model .. before 2010 was teenager after year 2010 is adult .. more wisdom to go a long way. do not undermine what a brand can do and replication of its successful operations in malaysia and indonesia to somewhere else like indo-china and china ..

MKH Bhd, an established property developer in Kajang, recently unveiled part of its 550 acre integrated township, Hillpark Shah Alam, to the public.

The new integrated township, with an estimated GDV of RM1.3 billion, comprises double storey link houses, superlinks, semi-dees, bungalows, shop offices, service apartments, mixed commercial component, a proposed school and a police station.

“Due to the overwhelming response, we opened our second phase, Cherry, for sale, which also received an encouraging response from the public,” said MKH managing director Tan Sri Eddy Chen.

“Hillpark Shah Alam is strategically located in the Northern Corridor of Shah Alam, with easy access to six major highways; Latar Expressway, GCE, NKVE, DASH, Federal Highway and the Puncak Alam Highway. The distance is just 20 minutes away from Shah Alam, Petaling Jaya and Kuala Lumpur,” added Chen.

The project is near University Teknologi Mara, an existing McDonalds, medical centre and an Econsave supermarket. There are plans for a hypermarket to be built soon for the convenience of residents.

Chen said, besides its strategic location, the township was designed with nature in mind throughout the planning stages and caters for people from all stages of life. For those seeking active lifestyles, there will be mountain bike tracks, jogging tracks and innovative playground among other features.

Thematic parks such as Herb Farm, English Orchard, Spanish Courtyard and Japanese Rock Garden within the development will offer residents havens from the daily grind of working life

MKH is keen on making Hillpark Shah Alam a green development.

The company says what set its township apart from other nature-inspired development is the sheer size of its Forest Park and Central Lake Park, providing 50 acres of greenery for all residents to enjoy.

This excludes the neighbourhood parks that will be built in each precinct. As part of the project’s green design, all the units will be built in a north-south orientation to reduce the heat from the sun which effectively lowering the energy required to cool houses.

As safety is also of paramount importance, MKH has incorporated CCTV coverage into the development and perimeter fencing along pedestrian walkways.

The group believes that this latest addition to its growing list of developments will help to meet the high demand for landed properties in Malaysia as well as introducing MKH to a new and wider market in the Northern Klang Valley.

Pines, the first phase of the township, offers 311 double-storey link homes with built-up areas ranging from 20ft by 70ft to 22ft by 70ft. The second phase, Cherry, offers 412 double-storey link and superlink homes that range in size from 22ft by 65ft to 26ft by 80ft. Another phase called Olive consists of 343 22ft by 75ft double-storey link houses.

These units are targeted at house buyers who want larger homes for a growing family. The units in the township start from RM440,000.

“Considering the great value we are offering to the market, the development has attracted young families and first-time buyers,” said Chen, adding that Hillpark Shah Alam has registered over 7,000 interested buyers to date.

Following the successful launch of the Pines phase, Cherry and Olive are now open for sale, with more phases to follow. While both phases will feature their own parks, the more exclusive Cherry phase will have extra greenery in the shape of the Pines Linear Park, Neighbourhood Park, Central Lake Park and the Forest Park.

“We expect Cherry to enjoy quick sales when it is officially launched for sale,” added Chen.

~The Star~ 5 October 2013

This counter moves towards its RM4 TP as 2nd quarterly results draw near ..

"Going forward, we will strive to achieve an even contribution between our two core businesses of property development and oil palm plantation,” Chen, the CEO said recently."
Good! Please disclose more information about your plantation such as age profile and FFB and CPO yields.

1. That's how to see it. At the low cycle of CPO price, IOI bought Unico for RM1 bil. Unico, a pure plantation company, owns planted 12,700 ha in Sabah. IOI is known to be a prudent buyer.
2. MKH owns planted 15,000 ha East Kalimantan and currently has market capitalisation of RM908 mil.
3. Simple comparision - MKH's other assets, which have bigger value than the plantation segment, have no value.
4. Of course you need to consider other factors such as planted area age profile and yields which I think MKH has an advantage to overtake Unico in the foreseeable future.

no advertisement only phonecalls and sms ... 311 units of the PINES link houses in the Hillpark township were sold out. 412 units of the CHERRY superlink and link houses with higher GDV are now open for pre-booking. Entire GDV for the two projects may be close to RM500 mil. No wonder the directors keep buying ..

Major shareholders Chen members consolidate their shareholdings under one roof. Is this normal? Why? Thanks

Buying into MKH is still property exposure. Its plantation distinguished it from other property players which I like it. Be it plantation or property, land being a crucial feedstock. Still MKH could increase it plantation landbank but is costly relatively to MKH size. I like to see MKH to actively seize its property's profit which can then be reinvested into palm oil. The successful launch and good take-up rate of the high rise MKH Boulevard has boosted confidence in the pursuit of high rise ambitions in Kajang.
Thanks bsngpg I could use the formula to compute when CPO price rises :-)

bsngpg 即将腾飞的巨龙美景控股(MKH-6114)[中篇]

Probably ya .. probably now they want to protray MKH more as property player .. which in a way easy for people to understand. Q4 should see higher FFB a general trend before taking into consideration more mature trees in the MKH case.

MKH should disclose more information about its plantation such as tonnage, yield and CPO price realised .. if earnings from this division is expected to rival or exceed that of property. If not required, do it voluntarily lah.

2862862 if your TP is RM5, then the warrant price is 5.00-2.26 = 2.74 Wow! :-)
I look for TP RM3.60 niah ..

It would be highly positive news if this company could secure contracts which generate long term revenue stream i.e. leasing its telecommunication towers and fibre.

you guys notice it? MKH has opted to raising its profile in the TV. Previously - Work hard talk less. Now - 'Branding' is part of the hard work. Bravo!

Chen has bought in again ..
If next year profit up by more than 30%, EPS 45sen is foreseen. With PE 8 times, that is 3.6 target.

Today ex 4.5sen dividend, yet the price increased by 10sen :)

MKH's plantation results were very impressive. With similar revenue in palm oil plantation (70mil+), even QL incurred losses. Its operating margin is comparable to those very well managed estates.

Considering young aged profile of the trees (may be in the range of 2 to 3 ton CPO per ha) and low CPO price at the moment, this division has ample room to significantly enhance MKH's profitability. MKH said its CPO mill capacity is being upgraded from 60ton to 90ton per hour.

MKH has quietly spent more than 100mil this year on landbanking .. to sustain future earnings. Increasing trend on unbilled sales .. at 518mil with potential 25% margin. MKH is expected to start launching development projects with total GDV of 2.2bil in Q4 2013 .. poised for stronger growth next year.

MKH Boulevard non-bumi units fully sold .. a confidence boost to MKH to continue to pursue its 'high rise' ambitious in Kajang. GDV of more than 200mil on a small piece of land .. higher margin

羊毛出在羊身上 .. RPGT may be for curbing speculation but I doubt on the rising price? It was not effective previous round .. seller of the houses in KL and PJ will built it in, simply because of location and supply. The issue involves many aspects ...

Still below NTA ..
1Utama in Kajang .. potential for recurring income from property investment in retail complex, car park, hotel, offices ..
If Public Bank's retirement fund can make this counter as its long term investment, why can't you?
MKH shares the same thing with Public Bank .. never loss money before even during crises times .. that says tonnes of risk management and business sustainability.

Despite being weakest quarter historically, it showed good growth in sales and profit. More to come .. Maybank Investment says RM4 level still a BUY.

Totally agreed.

The retirement fund is managed by trustee made up entirely of the senior management of Public Bank. Has more than RM600 mil equity investment .. of course more than half is in Public Bank's shares.

lching ... it is not unit trust fund. It is a dedicated retirement fund for the officers of the bank. This retirement fund owns 9% stake.

Public bank is known to be prudent, at least relatively among the banks here. I find Public bank's retirement fund, a substantial shareholder in MKH, offer lots of comfort to me to invest in this company.

lching 說的也是!

Hope next week quarterly results would 'energise' the push :)
Anyway I'm in this counter just like you for mid to long term holding.

Hi 逍遥子 mind to share what you mean the "show"?

Mr Chen family continues to buy shares from the open market ..

Could the catalyst be crossing the 1 bil market cap?

Yes plantation will be a booster. But MKH has been putting lots of resources in the property recently. I like its plantation segment being an earnings 'smoother' over the years to come rather than an earnings surprise. Afterall plantation earnings are foreseen and depending on yield and CPO prices. But it will be a surprise if MKH can increase oil palm landbank to become a mid size player.

I wonder how much MKH could make from being a main contractor (upgraded from 2rd-tier contractor after buying out Puncak Alam Resources' shareholders for 30 mil. The GDV of Hill Park Shah Alam is about 1 bil.
Nevertheless it is a piece of good news. Exclusive development right on sizable land 550 acres.

15000 ha of palm oil says yield of 6 ton per ha at CPO price of 2,400...this could generate 25sen EPS.
Property segment should be able to generate at least 20sen EPS historically.
Total 45sen EPS at 8 times PE means share price of RM3.60
MKH is about to cross 1bil market cap.