today is ksl's show.... good news going to be announce soon.

plenitude will follow ksl very soon.

i am glad to hold these 4 fundamental counters, mkh, pintaras, plenitude and ksl. will continue to hold and accumulate....

oyh1143, go to plenitude website and look at plenitude annual report.

for mkh, plantation's earning is an extra earning. core business still property development. the output of ffb will be get improved from earlier of 21mt/ha/year to 23mt/ha/year in lateset quarter. even with the current low cpo price, they still can get profit about 500 per mt as the cpo cost per mt is about 1,470.

i strong recommend tan sri chen offer right issue to shareholders.

in fact mkh can implement right issue to reduce the debt in plantation sector that caused this sector's earning fluctuated due to forex. this is a good time for mkh to source fund as the share price stood at high level of above rm3.20. if right issue of 1:5 at 2.80 (15% off from rm3.30), mkh can source (419,393mil share / 5) * 2.80 = 234.86mil, which can easily cover the debt of plantation 215mil. by doing this, total of share increase to 503.271mil from 419.393mil and plantation sector can save at least 20mil finance cost per annum, or even higher with the recent interest hike.

let make a simple calculation: for Q3 2014 (apr-jun), the output of ffb was 81,700mt.

assume the oer is 21%, it can produce 17,157 mt of cpo. the revenue and profit (excluding forex gain/loss and before finance cost and tax) for plantation for Q3 was 41.578mil and 16.358mil. so the average cpo in this period is 41.578mil / 17157 = 2,423/mt and profit is 16.358mil / 17157 = 953/mt. that mean the cost to produce cpo is 2,423 - 953 = 1,470/mt. we assume the ffb output for Q4(jul-sep) is about 82,000mt and it can produce 17,220mt cpo.

if average price of cpo for the period is 2,100/mt, the profit will be (2100 - 1470) x 17220 = 10.849mil. after deducted 5.5mil of finance cost, the Q4 pbt is 5.35mil. and for the same period idr was appreciated about 1.2%, the forex gain will be around 5mil, end up with Q4 pbt 10.35mil.

if the some of the unbilled sales of property recognize in Q4, the property revenue can hit 180mil, and pbt about 31mil. plus the property investment pbt 4mil. total mkh's Q4 pbt will be 31mil + 4mil + 10.35mil = 45.35mil, deduct tax 25%, net profit 34mil eps 8.1sen.

please correct me if my calculation is wrong.

mkh's oil palm trees still preliminary stage, and some trees are immatured. the boos said if all trees are fully mature, the output of ffb can up to 31 mt/ha/year, over 440,000 mt/year. if oer is 21%, cpo output will be 92,400 mt/year. if cpo price can stand at 2,450, with cost per mt of 1,450, and the finance cost of 20mil/year, excluding forex gain/loss, the pbt of plantation will be 72.4mil, eps after tax is 13sen.

everybody know the nta and share price will be diluted after bonus issue, but if the stock is undervalued, the share will be go up to its reasonable value after diluted.

when notice ksl's retained earning / total equity stood at 82%, i believe ksl has potential to declare bonus issue one day. may be your source is correct, joel.

if he can proof with some supportive documents, we should appreciate him to share otherwise, we should boycott him providing this type of misleading comments. if not sure, please don't stated "confirmed".

joel, confirmed bonus issue? who tell you? the boss?

as well as the plantatuin sector's forex gain/loss and net profit/loss at least break even, mkh still can get huge profit from property development sector with target sales rm0.8bil in 2014 and rm1bil in 2015.

joel, kenanga didn't suggest you to drop plenitude to buy ksl. since both counters are good, why not holding these 2 counters together.

for me, protasco's q2 result is consider ok. dividend 10sen every year, dividend yield more 6%, about 60% profit pay off, what do you want anymore ?

result is not that bad, better than previous year.

nevergiveup, what do you expect people to answer you? don't ask this type of question again, pls.

cfoong, there are no private placement and free warrant anymore. the pp is for source fund to purchase oil & gas company, but now already called off. so pp and free warrant not going to happen.

why so Pessimistic on plenitude's result. it still look ok with 4q total 32sen better than previous year. confirm dividend in oct and chance for bonus issue remains unchanged.

dividend 9sen will be announce in sept.

they will declare dividend in oct. but you might be disappointed if you looking for special dividend. they just announce to acquire a resort hotel for rm160mil and they need cash now. however there still be a hope for bonus issue. bonus issue does not involve cash.

no doubt forex gain/loss is only account record, but company will count it into income statement and it will affect net profit and eps of the company. anyway, the exchange rate fluctuated everyday, we should look at whole fiscal year gain and loss, not a single quarter only.

definitely this is over reacted. in fact the result is broke even compare q3 2013 if excluding forex loss of 21,900mil. q1 2014 forex loss 19.9mil, q2 gain 29.4mil and q3 loss 21.9mil. total loss 12.4mil. estimate q4 will forex gain 20mil if idr maintain current rate until end sept. so forex still gain 20mil - 12.4mil = 7.6mil compare to loss 63mil in 2013.

currently idr-rm already up to 3,703 from 3,747, up 1.1% and idr-usd already up to 11676 from 12,039, up 3%. if idr-rm and idr-usd can up to 5% as at 30 sep. there will be excellent q4 result due to forex gain of at least 20mil and will boost eps to 12 to 15sen.

q4 revenue only 10mil?

hello guys.... please post something constructive rather than discussing leng looi, ok?

i have predicted mkh will suffer from forex loss of 35mil and eps for q3 2014 about 3 to 5 sen, but luckily only 21.9mil, but eps lower than 3sen. anyway, i think people in the market already realised the forex loss and sold it in advance since a few weeks ago. that's why mkh share price drop from 4.22 to current 3.72, drop 12%. me too, already sold out a few lots recently to cash out some fund in order to buy back after announce of q3 result. so even with the disappointed q3 result, the selling pressure won't be so heavy tomorrow bcos mkh share price already drop 50sen in advance.

i think cash dividend is unlikely to happen bcos they need fund for the new project, but dividend reinvestment or bonus issue could be happen anytime from now. look at ksl retained earnings already stood over 1.17bil, 82% of total equity. what a high percentage! boss must be something to release it.

my opinion is for long term.... yes. if plenitude can generate revenue 300mil with net profit 100mil and profit margin 33% (due to cheap land bank) every year, i am sure there must be another bonus issue declare.

joel, sometimes don't trust the cover research reports. better do your own research and study. no doubt plenitude is a good stock, but you need some patient on it. it has hold huge cash and cheap land bank for a couple of years. no special dividend and no land revalue as followme mentioned so far (in fact no revalue at all). last bonus issue was 4 years ago. when will be special dividend and bonus issue, nobody knows. could be another 1 to 2 years or 3 to 4 years. however if you look at the percentage of retained earning / total equity, stood at 72%, the chance for bonus issue is there.

followme, don't misleading people here, under malaysian security rules, land use for housing development CANNOT be revalue. however, undervalue land can increase the profit margin when they sell the completed housing properties or they can get huge profit when they sell the land. only properties investment can revalue. please comment something that is true.

Aero1, idr-rm was 3,705 at 31 dec 2013 and 3,747 at 30 Jun 2014. although the forex gain/loss is only the accounting measure, but it will definitely affect the quarterly financial result and eventually will affect the share price. when mkh announce 63mil forex loss on 28/11/13, share price drop 18sen next day. when announce 19.9mil forex loss, share price drop 22sen next day. when annouce forex gain 29.4mil, share price up 28sen next day. so this time i forecast forex loss 35mil, share price may drop 30sen unlessl property can perform excellent and earning can cover forex loss.

mkh's plantation sector having 303mil liability, i would suggest mkh to offer right issue to source fund to reduce debt in rm and usd. plantation sector do very well but forex loss caused the financial result looking poor when idr depreciate.

anybody here knows the progress to claim back the 50mil deposit?

once upon a time, when this undervalued counter stood at 2.00 to 2.30 for a long period, ii was worry the major shareholder will privatise it. if really happen, i will feel upset to lost the opportunity for long term earning. but now i am sure it won't be privatise, in addition, bonus issue will declare to reward shareholders.

aero1, forex loss in qtr 31.12.2013 was 19.9mil when idr depreciate 5%. in qtr 30.06.2014, idr depreciate 7%, liability is higher than 31.12.2013, so i estimate forex loss 35mil.

shl already shoot up from 2.20 to 3.00, seal short of land bank. symlife may consider to buy in. currently land bank worth rm515mil, almost of the land purchased on 90s. if revalue, easily hit rm900mil, but plenitude even better than symlife.

everybody looking for coming financial result. i have do some calculation to forecast the earning of new result, i think mkh net profit will be around 12mil, eps between 3 to 5sen. plantation sector will face loss of 18mil due to forex loss of 35mil (idr depreciate against rm). if this type of result really appear, mkh share price will plunge further to below 3.50. i hope my calculate was wrong bcos i still keeping a lot of mkh share.

everybody waiting for coming financial result. if good, price further up above 3.50, if poor, price plunge to 3.00.

ksl-wa at 2.29 and exercise price 1.60, total = 2.29 + 1.60 = 3.89, almost the price of mother share. people buy ksl-wa in advance bcos they expect mother share will hit higher price soon. if mother share declare for bonus, ksl-wa will get bonus too and the exercise will adjust lower.

although mkh's plantation facing pressure from indonesia authority's new policy, but don't you remember mkh property sales target 800mil for fy2014? for the 1st half fy2014, the property sales already hit 380mil. the managing director do mention that their property sales target for fy2015 is 1bil. mkh's property business doing very well.

i would like to correct my mistake, it is 16,500mil may withdraw from indonesia market.

If mkh retires from plantation business, the 14.44 ha plantation can sell at least rm38,400/ha, total rm553mil. deduct liability of 303mil, still can get profit rm250mil = 60sen/share. but i think the new indonesia policy unlikely to enforce, bcos it involved a lot of foreign investors in indonesia.and huge fund (about 165mil) may withdraw from indonesia market.

i just bought in at 2.58 during low trading volume. kept long term and waiting for the day to come.

xiaoxiao, nowaday, bonus issue is hot topic in the market. share price will be sharply up upon declare of bonus issue. so, i would suggest you 2 stocks (beside ksl and plenitude) that got potential to declare bonus issue, canone and magni. retained earnings / total equity for canone and magni stood at 84% and 54%. capital of canone 76.2mil with 152.4mil share, nta 3.09, own 32.9% of kianjoo, contribute about 40mil every year to canone. magni capital 108.5mil, cash 71mil, debt free, nta 2.17, eps 38.67sen. currently both of these 2 stock trading volume is low.

definitely 4 point hotel doesn't make much money. before hotel renovation, tanjung bungah beach hotel can generate 1.6mil only every year. they spent 35mil for the renovation, don't when can get back the money. hopefully, after managed by sheraton, the profit can improve. my point of view, they seem not professional in managing hotel, so i was disappointed when heard plenitude buying gurney resort hotel with 160mil. however i still remain as a royal investor to grow with plenitude.

xiaoxiao, according to security regulations, property company's land that use to development purposes cannot be revalue into company account. so plenitude's land not going to revalue. however, when they sell the property after development, they will get high profit in financial result. this is why plenitude's gross profit margin up to 52%

my 1st and 2nd major share mkh and pintaras already flying above 4.00. and now my 3rd and 4th major share, plenitude and ksl will hit 4.00 next week. bingo.

i think good news to be announce soon.