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2015-06-19 22:30 | Report Abuse
Today close 60sen. Some investor may be impressed by Annual Report Jan 15 release by this week. Chairman Statement say the following achievement in the yr 1) Freshwater stingray quality & quantity has been improved 2) Productivity of Arowana Fish has been increase 3) Borrowing has been reduce to just RM1.5m.
The share price of XL movement appear more depend on its future earning stream. Therefore, land whehter revalue or not are not so relevant unless the land is going to be disposed soon.
2015-06-08 11:08 | Report Abuse
Now 58sen. Last Tuesday 36sen. Co inform Bursa no unsual activity. NTA @ Jan15 is 65 sen. This co may benefit from depreciating Ringgit on Export Fish Biz and strong local liquidity play. Or may just rebround from low 20sen. About 7-9 yr ago, share price drop from RM2 to low 20sen!
2015-02-09 10:17 | Report Abuse
Chairman Ku share it view on co future plan in today SinChew newspaper.
http://klse.i3investor.com/blogs/sinchew_company_story/70004.jsp
2014-12-02 18:37 | Report Abuse
They must be find a buyer at Rm4.44 since the 2m share transacted within 2 minutes ie btw 9.53am and 9.54am yesterday.
2014-12-02 18:28 | Report Abuse
KSL clarify they sell 2m treasury share yesterday. Mistake, wrongly reported as buy back.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1813577
2014-11-19 19:39 | Report Abuse
Some positive surprise on Q314 result - Indonesia & 2 JV units. Indonesia unit break even! Must thank to close down of TigerMandala, which its route nearly all overlap with AA. Asia Aviation Centre made profit 58m. (not sure why so high?). AA Expedia made profit RM30m.
AA fate is totally different from AAX. AAX biz model, median haul LCC, need continuely to be refining and will take very long period to prove itself. Investor need deep pocket to park money in AAX.
2014-11-12 11:39 | Report Abuse
Syndicate play mother KSL this morning to generate interest for 10 month KSL-CA & KSL-CB which listed today. CA & CB, both price at 15sen.
http://klse.i3investor.com/blogs/kenangaresearch/63733.jsp
2014-11-11 11:49 | Report Abuse
Airasia 3Q14 ops statistic. Overall improvement, but Philipine unit still very weak with load 65% (LY:59%)only. See below for cos comment.
http://www.malaysiandigest.com/business/527367-airasia-reports-q3-2014-operating-statistics.html
2014-11-03 11:01 | Report Abuse
QE again. This time from Japan. Market always reward growth stock with QE with excess liquidity.
KSL is already under Bloomberg radar!. The latest Weekly Edge 3 Nov 14 (page10) listed KSL as one of 14 cos with positive qtr earning growth, single PE, at least 4% yields, according to Bloomberg data.
2014-10-20 10:54 | Report Abuse
Johor economy is booming ......
'....last year, Johor received RM14.2bil investments, making it the top investment destination in Malaysia. From January to July 2014, it had received RM18.6bil in investments.......'
http://www.thestar.com.my/Business/Business-News/2014/10/20/MB-Iskandar-will-stay-a-favourite-Johor-confident-investments-will-keep-coming-in-despite-economic-c/?style=biz
2014-09-26 19:20 | Report Abuse
Heavily doubt interim div will be declared. Based on KSL mgt style, will only declared in 4Q result.
The coversion of 2.2m warrant to share most likely are those cash rich long term investors (or some Ku family related member). They are here long term, just interest in div not warrant premium.
2014-09-24 09:52 | Report Abuse
It is not something unusual mother is trade higher than warrant. This could happen when market expect mother have little upside or expect a correction, especially in a bearish overall market environment. Anyway, market is dynamic, market sentiment and expectation can change at anytime with some events.
2014-09-09 11:01 | Report Abuse
Yesterday up 37sen. today up another 18sen at RM4.42 now 11am. Volumn still low at 1.1m. Look like there is no enough seller in the market....
2014-09-06 18:08 | Report Abuse
...Expect recurring income growth btw 15% to 20%....
...KSL City occupancy rate >90% ....
...Look to buy more land....
...Concentrate mid range housing, demand always there ...
...upbeat long term bcos scarcity land across crossway...
...our sales have actually pickup as we are aggressive...
...in spite slowdown, KSL cont with pipeline of launch...
...looking into upto 30% div payout (recurring income)...
More clarity revealed by Chairman,as report by latest Weekly Edge(8-14Sep14).
Assume FY14 EPS 65sen. Current Mkt PE of 10X for mid cap property, should value KSL at RM6.50.
Europe slowdown bcos Ukraine Crisis. EU QE is coming, definity good for South East Asia share market which is booming.
2014-08-21 10:41 | Report Abuse
Finally, back in broker house coverage. Kenanga give fair value RM6.63.
http://klse.i3investor.com/blogs/kenangaresearch/58195.jsp
2014-08-01 10:49 | Report Abuse
Finally play strong catch up with other 2nd tie property stock like Brem. Brem NTA at RM2.80 and its price has move from last yr RM1 to now RM2.65. KSL NTA at RM3.50. With stronger mgt at KSL, KSL has good chance moving toward RM3.50 sooner.
KSL-W only at RM1.56, very low premium (conversion price RM1.60, expire 2 yrs time). Market seem price in a consolidation of mother price.
KSL now at RM3.10 are well support by NTA RM3.50 ie P/B only low at 0.88 time.
2014-06-18 22:50 | Report Abuse
Airasia Indonesia have better prospect to turnaround soon as TigerAir today declare they will close their Indonesia operation, Mandala on 30/6/14. Airasia will benefit the most as Mandala is primary focus on international routes competing against Airasia.
2014-03-26 11:35 | Report Abuse
Malaysia Aviation Turbulance Times:
Another story: Malindo Air catch fires. Return back safely today in Subang Airport.
http://www.nst.com.my/latest/terengganu-bound-malindo-air-plane-catches-fire-1.533217
2014-03-02 19:15 | Report Abuse
Blame loss on lower property dvpt revenue, fair value investment loss (RM8.8m), rpgt RM (RM12m), another distorting factor is depreciation increase to RM8m during 4Q13. Full year 2013 dep only RM10.6m (2012:RM3.7m). This can be seen in Note 25 of the report.
The depreciation mostly like related to plant & machinery, might due to prior year/quarter underdepreciation or plant accelerating depreciation due to change of useful life usage estimate. 2012 Annual report Note 14, show P&M cost at RM20m at 31/12/12.
2014-02-27 09:52 | Report Abuse
TF tweeted 'bloomberg report error. AA is declaring dividend.' Better wait & see.
2014-02-27 09:35 | Report Abuse
Correction Time due to over optimisim expectation of 4Q13. KSL stock has a lot of potential. The current market are pricing the potential of mid cap property stock like EcoWorld, MKH, CHHB, Brem, to narrow the gap btw big & small cap. The pricing of potential would continue so long as Malaysia GDP register moderate grow amid low interest rate environment.
2014-02-18 10:57 | Report Abuse
hit new low yesterday 98.5sen. Assuming DPU is 7.2sen, gross div yield would be 7.3%. Only small investor is interested, but not big fund like EPF as counter is small and illiquid.
2014-02-10 11:46 | Report Abuse
Will Lion Boss Rusdi Kirana retired from Lion Air CEO position sooner or later? To be more involve in Politic Party PKB?
http://www.republika.co.id/berita/nasional/politik/14/02/08/n0neaf-pkb-sulsel-dukung-rusdi-tinggalkan-lion-air
Only Time Tell !!!
2014-01-21 10:29 | Report Abuse
Will the price war with MAS end sooner or later? Khazanah want MAS improve yield!
http://www.btimes.com.my/Current_News/BTIMES/articles/MAS20/Article/
Hmmmmmmmmm........we shall see, folks!!
2014-01-02 09:40 | Report Abuse
break RM2.30, postive mid-cap play sentiment. Lead by Country Height.
2013-12-19 08:46 | Report Abuse
U.S. stocks rallied 292 point on Wednesday after the Federal Reserve announced a small reduction in its stimulus program but stressed interest rates would stay low for even longer than previously promised.
Will AA rebound strongly, with foreign investor overreacted to Fed tapering?
2013-12-17 09:42 | Report Abuse
Malindo Air Hot News '.....More than a year into its partnership to form the country’s newest airline, Malindo Air, owners Indonesian billionaire Rusdi Kirana and National Aerospace Defence & Industries Bhd (Nadi) are said to have fallen out, with talk of a possible exit of Nadi from the business....'
http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=201461:drama-at-malindo-air-fallout-between-top-owners-indonesian-billionaire-rusdi-malaysias-nadi?&Itemid=3#axzz2nbNTfUnN
2013-12-16 09:59 | Report Abuse
PRice drop may due to poor sentiment of foreign selling heavily in Singapore REIT last week especially Industrial REIT. It is believe Spore Industrial property are overprice due to easing US Fed policy. Now Fed tapering is coming very soon. May be overreacted in Msia since Msia property is not cynical as Spore.
2013-11-29 10:18 | Report Abuse
Yesterday only up 2 sen though release good result. KSL seem grossly undervalue on PE & NTA basis, it will need take longer time to reflect it value as Investor show lack of interest due to current softening property outlook. Big run of price can be only expected on improved property outlook.
Affin research house stated 'expect KSL FY14 earnings to weaken from its record FY13 net profit due to the softening in Johor property market as a result of the recent regulatory curbs on property speculation and foreigner purchase.'
cash balance in KSL improved to RM114m @ sep 13 from RM44m @ Dec12. May be this provide some hope on year end dividend.
On median & long term basis, KSL holding vast Iskandar land bank, will benefit the most from Spore investors. Spore investors is getting richer day to day due to their 'money minded' govt which have strong appetite favouring richs & talented investors to boost the City growth.
2013-11-24 17:32 | Report Abuse
There is view that Kirana making big order is to get huge discount. Cheaper cost mean will easily get investor support for financing. Latest purchase 737Max & A320, both popular model support this view. All the order is done before Bali crash incidents. After the crash, indonesia biz seem going south. If plane got no where to park, should consider plans of lease out or sold out. However, lease or sold cannot be done if lease rate or selling price is not good. Judging what surronding lately news reported, the only thing can say is Good Luck to Lion Air.
2013-11-24 13:53 | Report Abuse
Financer will come as long as your plane is popular type like A320 or 737-800 boz of good resale value or re-lease and cheaper maintance cost. Not 737-900ER type operated by LionAir.
If look at Airasia account, back to envelope calculation indicate downpayment is far less than 5% discount price, may be 2%-3% for booking the slots.
Talk about 10-20yr later about lion air? I think too long. Lion Air indonesia operation is doing badly lately. When an airline in trouble, first thing they do is to default lease payment. Will this happen sooner or later, just watch out lor.
2013-11-24 12:21 | Report Abuse
How do Lion air service 230 planes, Sydney morning herald asks, how about 1000 planes?
The article may not have a complete answers. The following are extracted from an online airline forumers, which may have a more complete answer to funding: New Innovative Financing, Always look for Financers.
....Funding? All you need is funding to get the order going, like 5% to get the slots. The US EXIM Bank then guarantees the order. The leasing companies then take over for the rest. So...
1. Discount pricing for the bulk order.
2. Pay 5% (of the discounted price) now, to secure the production slots for the order, and this can be paid by someone else (ie: financed) on behalf of Lion Air.
3. Pay the Pre-Delivery Payments about 24-12 months out before the aircraft is delivered, this can be financed (either on behalf of Lion Air, or on behalf of the aircraft), and ranges from 20-50% of the discounted price.
4. Pay the remaining amount (25% to 55%) on delivery. Either the financiers pay for this, or the airline pays for that amount then immediately sells it and lease it back (depends on who paid for #2 & #3).
So, for every aircraft, what Lion needs to come up with is 5% now for the bulk order... and just make sure it pays the monthly dues from "as little as 2 years out" to the amount of leasing 1/4 or 1/2 an aircraft, then lease the aircraft fully once it gets delivered. (and it seems they're not short of willing investors for the aircraft through private placements either).
Remember Lion converted several 739ERs to 738s due to financing reason (mainly because there was worries about the resale values of the 739ERs hence raising the financing costs).
2013-11-20 19:01 | Report Abuse
Numbers appeared much better than market expectation. At RM2.51 may be near to bottom out. Able contain the damage done by MAS & Malindo irrational low fares to minimum.
2013-10-30 10:52 | Report Abuse
Will the 6% GST effective in April 2015 impose on domestic flights? Let see what CIMB said.
http://klse.i3investor.com/blogs/cimbresearchklse/39355.jsp
2013-10-21 09:39 | Report Abuse
Nomore BB news. BB could be in Indonesia,very busy delivering the aircraft tyre to Indo from overseas. Lion Air last week flight delay again due to shortage of tyres.
http://www.thejakartapost.com/news/2013/10/19/lion-air-admits-negligence-caused-flight-delays.html
Another news, Thai Lion to launch end 2014.
http://www.bangkokpost.com/business/aviation/375563/thai-lion-prepared-to-roar-at-budget-carriers
Hmmmmmm! A weaker Lion is it mean a stronger AA? Really food for Thought...... .Definitely, a weaker lion is not capable to attack bull or bear. So BB is safe to play around with lion!
2013-10-18 09:47 | Report Abuse
Do not under estimate the power of BB. AA up is because BB did not posting!!
2013-10-17 09:35 | Report Abuse
BB is busy now. Counting the profit. Recalling some share buy at 262 and some sell at 262. It is win-win stretegy. Up win, down also win. ...... lol
2013-10-10 10:36 | Report Abuse
Good Morning, folks! Swamy kid have doing posting in Bahasa Indonesia lately. This is good news! What it mean is he must be reading those bahasa indonesia online news to update himself. Lion caught the indonesia media heavy coverage lately for the wrong reason of bad services like frequent flight delays, passager open emergency exit, passage hold lion staff as hostage, waves of pilot resign, Lion Airport bus got fire etc......
Is this mean Lion Air empire will burst soon or just slowy slowy leaking air bit by bit only........or biz as usual? Is 2.62 is good entry point or exit point, really food for thought.....?
2013-09-25 09:54 | Report Abuse
TA Securities provide an update report on AA indonesia on 24 Sep. Key takeaways from the Meeting with AA Indo management are as follows:
i) IAA is expected to maintain its pole position in the international segment;
ii) Its domestic market share is expected to hit 7% by end 2013
from 5% as at 2Q13;
iii) It is looking to close up the margin gap with MAA and TAA, and
iv) The proposed IPO plan could experience further delays.
BB, What to know why TA believe the AAI IPO would further delay, please refer below for full report.
http://www.bursamalaysia.com/market/listed-companies/research-repository/research-reports
2013-09-20 12:06 | Report Abuse
Harimau kekekekekeke.. Must be hungry already. Hari Hari Mau makan. BB, please cabut cepat balik to yr cave! Bull or Bear will be target of harimau. AA is up now, you are not suppose out of cave and play play for funs.
2013-09-19 11:06 | Report Abuse
BB hide in the dark cave today. Posting some many spaculative Fed tapering postings for the past weeks. Now he just realise that there is no tapering from Fed due to soft US economy outlook.
2013-09-19 09:19 | Report Abuse
Price up due to spillover effect from Johor base property player Focul Aim (FA), to be take over by SP Setia Son. FA now trade at RM1.75, NetAsset RM1.20, P/B=1.45. KSL trade at RM2.14, NA RM3.16. P/B=0.67 only!
2013-09-10 10:33 | Report Abuse
President Barack Obama said today Russia’s bid to get Syria to surrender its chemical weapons is a “potentially positive development” that could avert a U.S. strike, while expressing skepticism about whether the embattled regime would follow through.
Hmmmmmm.......!! Will this be a pratical solution to Syria Crisis?
So how now, folks?
2013-08-31 11:54 | Report Abuse
India Aviation News. Chennei based Spicejet heading Kingfisher way?
Chennai, Aug 30 : .... SpiceJet seems to be heading the Kingfisher way as AAI (Airport Authority of India) has decided to put the carrier on cash-and-carry basis for using the airport facilities across India........
http://truthdive.com/2013/08/30/spicejet-heading-the-kingfisher-way.html
2013-08-28 19:09 | Report Abuse
The Happy party still on. 2Q13 result above expectation. Annouce special div 30sen. Total interim div is 40sen less tax.
2013-08-26 12:35 | Report Abuse
Read newspaper lately, MAS now dumping biz class fares. Fuel price up already, cannot forever dump economy fares.
Malindo also did not cancel flight so frequent lately. Must be already gotten funding from parents.
In AA 2Q13 Press Release it state the following:
Indonesia AirAsia (“IAA”) posted another profitable quarter with revenue up by 42% to IDR1,398.23 billion from IDR986.52 billion last year. Operating profit saw a 13% increase to IDR87.66 billion from IDR77.65 billion reported during the same period last year. IAA’s 2Q13 profit after tax was IDR51.66 billion – up 72% y-o-y. IAA’s CEO, Dharmadi said “The impressive jump in terms of revenue was attributed to the 3% y-o-y increase in average fare at IDR576,507 and the 29% increase in ancillary income per passenger at IDR151,040 with the highest contributor being baggage. The 33% increase in the number of passengers carried was supported by the 32% increase in capacity translated to a load factor of 79% (up 1 ppt y-o-y). We also saw a good 11% increase in RASK at IDR486.71, while the increase in CASK which stood at IDR456.19 was mainly due to aircraft operating lease expense as we took in 6 additional aircraft y-o-y, and led to the increase in staff cost which was also due to salary increment for pilots and engineers, and minimum wage policy adjustment set by the government.”
With revenue up at 42%!!, It is mean AAI gain huge ground at the expense of Lion Air?
BB, you better do not stay too close to Lion. Bull/Bear will become lion pray once lion cannot find food! Take care!!
2013-08-23 11:09 | Report Abuse
THe Truth has been revealed. THe drop of AA yield are caused mainly by MAS aggressive capacity addition (local & international) of 20% yoy on 2Q13. Malindo impact are not as big as MAS. For further details, pls refer to below CIMB FULL PDF Report.
http://klse.i3investor.com/blogs/cimbresearchklse/35271.jsp
In another CIMB report dd 21 Aug 'MAS - illusive profit', it state the effect of aggressive capacity addition has cause MAS’s 2Q13 core net loss of RM213m was worse than 2Q12’s RM181m loss despite lower oil prices. No turnaround expected for MAS in next few years.
2013-08-21 11:22 | Report Abuse
Indonesia not enough food, Lion has to come to Malaysia looking for bull or bear. May be disappointed as bull or bear only found in Northern country. Lion may find BB only in Malaysia. hehehehe!!!!
2013-08-19 09:08 | Report Abuse
speculative driven. Those want to buy MAS must think twice about their strong Union.
Stock: [AMFIRST]: AMFIRST REITS
2015-08-22 12:49 | Report Abuse
Amfirst Mull to sell Summit Hotel for RM100-RM110m. (Source: DigitalEdge Weekly Aug17 2015 , page20).