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2015-11-20 10:22 | Report Abuse
Seems to have found support at 1.77/1.78 level. I doubt its earnings could improve.
2015-11-19 10:22 | Report Abuse
The company can choose not to report all its foreign exchange gains. The RM 120 million forex gain is based on 1 US$ = RM 4.36 and 1 S$ =RM 3.06
2015-11-19 09:42 | Report Abuse
Of the RM 2.15 million net profit, probably 50% was contributed by interest income.
2015-11-18 11:20 | Report Abuse
Original news please, not outdated news.
2015-11-16 14:48 | Report Abuse
Actually we don't know whether Kumpulan Wang Persaraan or the EPF are still selling their FGV shares now as their holdings have dipped below 5% and hence do not need to inform Bursa. The institution now selling FGV shares is Lembaga Tabung Haji.
2015-11-16 12:46 | Report Abuse
FGV sulah tak berupaya naik lagi. Harga CPO sekalang tinggal RM 2,200 satu tan. Kemungkinan FGV jatuh lebih besar.
2015-11-15 14:47 | Report Abuse
Keck Seng's share price dropped to below RM 4.40 a share nearly three months ago. The company's share buy back scheme has already pushed up Keck Seng;s share price to RM 5.10 a share. So far the company has bought back less than 0.5 million shares, still long long way to reach 36 million shares.
2015-11-14 18:00 | Report Abuse
Net cash already worth RM 1.78 a share. In addition, its holdings in KBunai shares are worth another RM 20 million or another 24 sen a share and the company has no debt. Investors must be thinking that Facbind's directors will siphon off the company's money one day.
2015-11-14 17:50 | Report Abuse
Latest quarterly earnings expected to be poor again. Share price should drop further.
2015-11-11 12:33 | Report Abuse
MNRB's net earnings per share ranged from a low of 22.6 sen to a high of 73.2 sen over the past 6 years, with an average of 51.4 sen. In its latest quarter, its earnings per share has already reached 18 sen. Its share price dropped because it failed to declare any dividend for its financial year ended 31/03/2015, not because of poor earnings. ASB and PNB together control nearly 60 % of MNRB.
2015-11-09 22:40 | Report Abuse
Now it is Tabung Haji's turn to sell. Unlikely to make more than 2 sen a share in the latest quarter. Uptrend is not sustainable.
2015-11-09 15:57 | Report Abuse
I hold less than 20,000 shares. The more the Ringgit drops, the more Keck Seng is going to benefit. Its foreign exchange gain so far this year is around RM 120 million.
2015-11-06 16:30 | Report Abuse
Keck Seng's foreign exchange gain is expected to be substantial when the company reports its third quarter financial results later this month.
2015-10-26 12:03 | Report Abuse
If the company really goes ahead with its proposed share buy back to 10% of its issued share capital ( 36 million shares) Keck Seng's shares should easily move up to above RM 8.00 a share.
2015-10-26 10:05 | Report Abuse
Even if it revalues all its assets at 50% of market price, Keck Seng will still be worth at least RM 10 a share.
2015-10-22 18:03 | Report Abuse
10% of its net cash (RM 15 million) will propel this counter to RM 2.00 a share.
2015-10-15 17:59 | Report Abuse
High time for this counter to go up. PE is only around 5.
2015-10-14 21:52 | Report Abuse
Throw everything before it reaches 30 sen.
2015-10-13 18:20 | Report Abuse
Syndicates have not played this counter for quite sometime now.
2015-10-12 21:26 | Report Abuse
Just buy at this level and wait for people to speculate. You won't lose a lot.
2015-10-07 16:08 | Report Abuse
US interest rate likely to be raised only in 2016, so market should go up for the time being.
2015-10-07 10:11 | Report Abuse
Hold this counter for another 3 to 4 years, I believe it will go beyond RM 9 again.
2015-10-06 20:20 | Report Abuse
Looks like Keck Seng is on up trend now. Company has been buying its own shares over the past 5 weeks. Total shares purchased exceeds 350,000 to date.
2015-10-06 10:13 | Report Abuse
If you had bought at below RM 4.4 just over a month ago, you would have over 10% net profit by today.
2015-10-03 20:27 | Report Abuse
BullRam, agree that past performance is no indication of future performance but this applies to all companies. After having dropped by over 50% during the past 3 to 4 years, wouldn't it be a good idea to re-visit this counter again? After all, all investments carry a certain amount of risk, the higher the risk, the higher the return.
2015-10-03 15:20 | Report Abuse
CIMB made over 50 sen a share in 2013, 2012 and 2011. I believe its earnings would recover and perhaps surpass its earnings for 11, 12 and 13 within the next two to three years. When this happens, its share price should move beyond RM 7 again. At RM 4.50 a share, it is definitely a good investment.
2015-10-02 21:43 | Report Abuse
With a PE of around 12 and a dividend yield exceeding 6%, Maybank is a good long term buy.
2015-10-02 21:34 | Report Abuse
Keck Seng's foreign exchange gain has now exceeded RM 120 million.
2015-09-30 20:17 | Report Abuse
I am afraid you have counted Keck Seng's share buy back twice. After Keck Seng has bought back its own shares for several days, it will make another announcement, giving the total number of shares it has bought over a certain period.
2015-09-16 12:18 | Report Abuse
As of end 2014, US$ 1=RM 3.50 and Sing$ 1 =RM 2.65. Just calculate the total foreign exchange gain.
2015-09-14 17:17 | Report Abuse
Unless the price of CPO moves up in tandem to at least RM 2,500 per ton, otherwise this rally will just be a flash in the pan.
2015-09-11 17:24 | Report Abuse
Keck Seng's foreign currency holding, RM 260 million in US dollars and RM 370 million in Singapore dollars has now appreciated by a total of over RM 100 million, equal to EPS of 27.7 sen.
2015-09-05 23:30 | Report Abuse
Keck Seng is definitely a good, long term buy at this level.
2015-08-25 16:35 | Report Abuse
As at 31/12/14, Keck Seng had RM 370 million of it cash in Sing Dollars and another RM 260 million in US Dollars. Sing Dollar has appreciated by about 11% against the Ringgit since the beginning of the year while the US Dollar has appreciated by 18%. The foreign exchange gain of Keck Seng's cash now exceeds 85 million. The company only reported a foreign exchange gain of RM 23 million for the first half of this year.
2015-08-23 18:19 | Report Abuse
Keck Seng dropped heavily over the past few weeks simply because the market sentiment was extremely bad. CPO also dropped heavily by more than 10%. Keck Seng has over RM 620 million cash hoard in Sing and US dollars, roughly in the ratio 55 to 45.
2015-08-21 10:35 | Report Abuse
Ha, ha, I hope there are more investors like you so that I can make more money. Keck Seng's cash holding and the value of the shares it holds (assuming its value has dropped to RM 350 million) are already worth RM 3.75 per share. If you look through the analysis of shareholdings 2014, only one royal family member, Tunku Zahrah Bte Tunku Osman (Sultan's cousin) holds 1.545 milliom Keck Seng shares. I don't know if any other Johor royalty holds any Keck Seng shares. For sure, they won,t sell shares in the open market. The drop in Keck Seng shares is due to the drastic fall in CPO price.
2015-08-20 18:38 | Report Abuse
Just pick up 1,000 shares each time it drops by 20 to 30 sen. Looking at the trend, some hands are trying to push its price further down. Just can't understand why investors are willing to sell such a cash and asset rich counter.
2015-08-11 15:27 | Report Abuse
Surprised that investors are willing to sell Facbind for only RM 1.01 per share. Its net cash holdings ( RM 148 million) and its available for sale investments (KBunai shares still worth at least RM 15 million) are already worth over RM 1.90 per share.
2015-08-10 10:35 | Report Abuse
Every single sen drop in the value of the Ringgit against the Singapore Dollar translates into several million Ringgit gain for Keck Seng.
2015-07-30 15:47 | Report Abuse
This is the problem with thinly traded counters. Shares prices can be easily manipulated. Just buy at this level.
2015-07-25 18:20 | Report Abuse
Making little money during the past two quarters, so investors are getting a bit cautious.
2015-07-24 15:51 | Report Abuse
Calvin, when did Mulpha go up to RM4.50? The highest level it went up to was RM2.00 achieved in May 2007. Mulpha's total debt exceeds RM2 billion. Never invest in a heavily indebted counter.
2015-07-15 15:04 | Report Abuse
Go to page 53 of the annual report. Keck Seng had well over 900 million cash but this amount of money only earned the group 10.6 million in interest income. Our banks pay over 3% interest. The interest rate in Singapore is much lower. Look at the unrealized foreign exchange gain for that year and the year before. I believe the foreign exchange gain has not been fully reflected in the report.
2015-07-15 11:20 | Report Abuse
Over the past two years, the Ringgit has dropped from 1 Singapore Dollar = 2.40 Ringgit to 2.80 Ringgit. Keck Seng keeps most of its almost 1 billion cash holdings in Singapore. Ringgit's loss is Keck Seng's gain.
2015-07-06 20:33 | Report Abuse
Invest in Keck Seng only if you are extremely patient and have the holding power.
2015-07-03 17:24 | Report Abuse
Berjaya Corp has over RM 20 billion in assets. It is so diversified that it is extremely unlikely to go bust. At 0.395, I think it is very attractively priced. Investors who are worried that it might go down to 10 sen again can always sell now and buy back when it drops to say 15 sen. Nobody can predict correctly how low it can go down.
2015-07-03 15:18 | Report Abuse
At 0.395, it is the lowest in over 7 years. Investors should be buying and not selling this counter.
2015-07-02 16:44 | Report Abuse
The company didn't actually lose money during the final quarter. It suffered impairment in value of goodwill relating to the gaming cash generating units (mainly B Toto) amounting to over RM 440 million.
Stock: [FGV]: FGV HOLDINGS BERHAD
2015-11-20 12:09 | Report Abuse
If you don't trust my forecast, just wait for another ten days at most and I WILL BE proven right. FGV's earnings won't improve with CPO at RM 2.200 a ton. This is common sense. What is the use of making just 1 or 2 sen a share?