It has more TOD projects. Waiting to release land bank value.

1 billion broken. Now on the way to 1.5 billion. No doubt its business model is not less attractive than Matrix Concept.

Especially the affordable segment.

Indonesia pours money into infrastructure.
MKH to consider pouring money into property market in Indonesia. Its more than 10 years presence there helps.

Mirai residence is an important project, a first high rise in the many high rise and ambitious buildings planned for Kajang 2. MKH JV with Panasonic for this project. Some calls it japan township.

Planted area all set to benefit from buoyant cpo price with minimum capital investment.
Year/ HA/ Age/ Status
2008/3800 ha/11/prime age
2009/5200 ha/10/prime age
2010/4300 ha/9/entering prime age
2011/1100 ha/8/entering prime age
2016/2008 ha/5/maturing
Total 16408 ha average age 9 yr

At current price pe only 5 times. More potential!

Property Trading China operation could bring 20 sen eps.

Without the impairment 11 mil. With full year rental income from China property. With newly refurbished hotel come operating.

Pko production another 10% increase to more than 20k mt.

Qtyly report. Last two years achieved cpo 100 mt/year. Should be reasonable to add 10% increase considering more prime aged trees.

Unbilled property more than 1 billion plus new project to be launched, property eps can achieve at least 20 sen.

Plantation eps is capable of achieving 4 to 5 sen each q.

If cpo 2600, plantation revenue can break 300 mil. If forex stabile pbt may reach close to 100 mil based on 100 mt cpo and 20 mt pko.

Last year plantation pbt was 48 mil when cpo price 2163. That was 8 sen. This year with higher cpo price and more prime age trees, you do the maths.

Not easy to maintain unbroken profitable records over the years.

No wonder public bank remains a steadfast substantial shareholder in MKH. Kudos to THP!

Soon plantation assets to provide you with steady dividend income potentially ranging from 8 sen to 12 sen a year.

Welcome back to long overdue 1 billion club.

Fashionvalet expansion is on track. IPO will tell myeg investment story in startup companies.

When MKH announces its 1q results, all will see more momentum to its share price. Happy investing bro!

Will closely monitor response to Mirai project to be launched soon.

Even Sunway also forms a JV with MKH.

Even Kajang is considered close to Bandar Malaysia where prices are still reasonable.

MKH has a piece of land nearby. The project has been delayed. MKH World.

A vibrant KL South is good.
More money will pour in.
Businesses will bebefit.

Bandar Malaysia project is positive to MKH.

The FFB yield is 30t/ha many of the other companies still tailing.

When both engines run well, we hold tight.

The operations cash flow is enough settle all borrowings in 2 to 3 years.

Anyway, no RI is expected unless MKH makes big acquisitions.

MKH made the wrong call in the previous RI. But then the banks won the race.

If business is good, borrowings are good and cheaper.

Kajang 2 more mature and population now, time to introduce and sell high value products.

More trees into prime age and recovery from stress, plantation eps can 20 sen.

Plantation eps can 15 sen. Total can 35 sen.

Very performing property assets. 1 billion unbilled sales seems sustainable.

Next year operations cash can range from 300 to 350 mil. Cash starts piling up from now.

Its market value will overtake Matrix if mkh pays more dividends which sure the company can afford.

Anyway, both engines now run well. Hold tide!

Plantation can be a cash cow providing steady cash flow for dividend. May be MKH should consider paying quarterly dividend.

Have different take. Borrowings for the plantation asset are being liquidated. Good CPO price can settle the borrowings faster.

Very true madwind14. Gun men also at work to be able collect more.

Market value now 900 mil.
Plantation area 18000 ha.
=50k/ha.
Property value ?

Strong showing for property
- unbilled sales > 1 billion
- affordable segment
- quietly add good location land bank Q1/+8mil, Q2/+7mil, Q3/+6mil, Q4/+10mil
- smart alliance with Panasonic and Sunway group
Strong showing for plantation
- FFB yield 30T/ha impressive
- operating profit could hit 100 mil
China operation
25% own use. 75% rental
Production cost drops + extra rental income - net impact + 5 to 8 mil profit
Steady property investment income - 8 to 10 mil

in FY2018, when the CPO price was RM2163, the plantation division made RM48 million profit. Going to be higher production (more trees enter prime age) and higher price in 2020.

The_Reds retailers selling but big guys still inside...

Very true. Low volume. More to come.

Strong cash flow. Net cash now.

Very good cash flow.

Market value is only half of the Matrix.