greatfunds, Keck Seng Investment HK was not listed as an associated company of Keck Seng in its latest annual report. Keck Seng's profit for the year ended 31/12/13 should come up to at least 43.5 sen per share or an improvement of more than 80% over last year's earnings. So just wait for a huge spike in Keck Seng's share price after its latest financial result is announced.

Won't sell at this level. Hoping to buy when it dips back to around RM 6 again.

Which company are you referring to? Keck Seng or KSL Holdings? I only know that KSL has long term + short term borrowings of RM 209 million and total cash of RM 112.7 million.

leslie, when a company has a lot of retained earnings, it doesn't mean it ought to have a lot of cash as well. KSL possesses over RM 1 billion in retained earnings but has only RM 112 million cash holdings. If you deduct KSL's borrowings of RM 200 million, the company is actually in debt to the tune of almost RM 90 million.

Its PE is a low 12 and dividend yield over 4, much better than keeping your money in the bank. Another plus point is EPF has bought over 30 million CIMB shares over the past year. RM 9 should come sooner rather than later.

leslie, I didn't mean to belittle you but you wrote "Its cash has risen to a tune of 1200 millions to be distributed to 361 millions shareholders" .

Buy this counter only for short term, say at below 65 sen.and dispose of at around 70 sen.

At RM 7.00 per share, it is pretty cheap for long term.

leslie, don't confuse retained earnings with cash and bank balances. Keck Seng has retained earnings that almost reached RM 1.3 billion as at 30/09/13 but its net cash is still around RM 920 million. The company could have used money from its retained earnings to buy assets, like land or building or both or for some other purposes. KSL had retained earnings of over RM 600 million but cash of just over RM 20 million three years ago. Keck Seng's net cash could reach the RM 1.2 billion mark in 2 years if its directors continue to be stingy with dividend payment. Keck Seng does not have 361 million shareholders. Our population is only 28 million. Even the largest listed companies in the world are unlikely to have more than a million share holders. A big company like Sime Darby only has just over 29,000 shareholders. Some one wrote on this topic only a month ago.

Special dividend? When all the banks refuse to accept Keck Seng's fixed deposits.

With a jump of over 30 sen, Keck Seng should be among the top 5 gainers today. Hopefully Keck Seng will again be in the limelight next week.

Keck Seng has undergone a far too long and far too serious correction over the past 2 months. The only natural thing is its shares would rebound strongly, given the right conditions.

龙珠果, TA went up to RM 2 at the beginning of 2007 when the index was around 1500 points. TA would go up to RM 2 again one day. TA would go up to RM 1 if market sentiment improves and Tony buys slightly more aggressively.

If earnings this quarter can be maintained at around 2.5 sen a share, should have no problem reaching 90 sen at end of month., provided also the world markets remain stable.

Gpacket? I don't think the company has turned in any profitable quarter since its listing.

babu, when Keck Seng was at RM 3.52, the KLCI was lower than 1300 points. Keck Seng's net cash and its share investments are already worth more than RM 3.75 today. I do hope it can drop back to below RM 4 again.

From about RM 4 to almost RM 8 and back to RM 6, Keck Seng has already given up 50% of its gains. This is a very serious correction. It can't be more serious.

Whatever you guys may write, I will be queuing to buy Keck Seng at RM 6 or below in the next few days.

leslieroycarter, RM 160 million is just about everything that PM Corp has. Syndicates will make charts beautiful for you to jump in. Counters losing hundreds of millions can also have beautiful charts. That is how syndicates trap naive investors.

Calvintaneng, when Keck Seng sells all its assets, it can make over RM 7 billion, not just RM 20 million that PM Corp made.

Never invest in a company which sometimes makes less money than an individual.

In times of uncertainty, cash is king. Keck Seng has over RM 900 million net cash, so Keck Seng is a king counter now.

I think you are unlikely to be wrong if you buy a few hundred Keck Seng shares each time it drops by 30 to 50 sen.

There is no lack of material to write on Keck Seng. The company's net cash should exceed the RM 1 billion mark within the next 6 months. They will write again about Keck Seng rewarding its share holders with a bumper dividend since it does not need so much cash, so on and so forth.

Keck Seng's shares have been artificially pushed down over the past few weeks, just like they had been chased up to almost RM 8 over 2 months ago. Nothing unusual for an illiquid stock like Keck Seng. If you had sold at over RM 7, time to slowly buy back. If you haven't sold any, just too bad. You have to wait patiently for the co. to announce its full year financial result. It made 12 sen per share in the latest quarter. Hopefully the earnings will improve.

Don't be surprised that it goes up to RM 8 again before the year end.

Mahsing has already launched its housing development located next to Keck Seng's plantation.

L&G has been making some serious attempts to overcome the 50 sen barrier. It should succeed in overcoming the 50 sen barrier within the next few trading sessions.

Put it simply, Keck Seng still had over RM 300 million in its Section 108 balance as at 31/12/13 which the company could still pay as dividend under the imputation system, meaning 25% tax would be deducted ( as the company had done in its dividend payment over the past year) and share holders could claim back tax refunds, the amount depended on your tax bracket. Companies had until 31/12/13 to use up the Section 108 balance, after which all dividend payments must be single tier. Keck Seng didn't lose anything, only small share holders lost the chance to claim tax refunds from the IRB.

thteh, who told you that Keck Seng would forfeit the RM 300 million that it did not pay as special dividend to its shareholders? Keck Seng's directors must be a bunch of morons if failure to pay the RM 300 million as special dividend to it shareholders resulted in the company losing the money to the IRB.

leslieroycarter, trade online and you don't have to pay such a high brokerage. Some brokers only charge RM 6 for each transaction.

Holding well at above 45 sen. Preparing for the next upsurge.

eht6769, just take a look at the company's annual report. As at May 6 2013, there were 8693 shareholders.

Hold this counter. He must have something up his sleeve.

limayseng, there aren't so many shareholders, only 8,000 over. Keck Seng's directors are all rich people, they do not need any dividend from the company. They think Keck Seng's small investors are rich too.

Nothing to worry about TA. Tony still accumulating.

Looks like L&G is consolidating before moving up.

Daiman has recently bought some land in Sedenak which is over 55 km from Johor Bahru for RM 100,000/- per acre or about RM 2.50/sq. ft. Keck Seng's plantation land is just 10 km from the Pasir Gudang Industrial Estate and just north of Tanjung Langsat Industrial Park. How much do you think Keck Seng's land is worth per acre? When did the company forfeit its RM 320/- million? You can check its financial report when it is released at the end of next month to find out if there is a disappearance of RM 320 million from its account. I also pray that Keck Seng's share price can drop to RM 4. Good opportunity to buy but it is a pipe dream.

The director who sold her shares isn't related to the Ho family. She holds only around 150,000 Keck Seng shares. I am surprised that she sold her Keck Seng shares. The situation has changed. Due to the red hot property market in Johor Bahru, investors have started to re-rate counters with land for development and Keck Seng has plenty in Johor Bahru, though not at the best locations. Moreover other property developers like Mah Sing and EcoWorld have bought development land adjacent to Keck Seng's plantation land. Keck Seng has also sharply built up its cash reserve, from RM 681 million at end 2010 to over RM 920 million at end Sept. 2013. Of course if the stock market falls sharply, Keck Seng's shares would also fall.

Net cash per share is around RM 2.45. Including its investment in listed shares, this will come up to around RM 3.60 per share. If it falls to RM 3.83, you are more or less getting Keck Seng's other huge assets for free. I doubt it will even fall below RM 6.50 per share.

Should move beyond 80 sen soon and hopefully reaches RM 1.00 should there be a CNY rally.

Not much retail interest. Share price can be easily manipulated.

Cut loss? You stand to lose more if TA shares move north.

You said you were clear about the Act. Did the Act say that companies which did not pay franked dividends from their 108 balance have to surrender their money to the Government? You also did not understand what I wrote.

It is a pity that many people still have no clue about the Financial Act 2007. I suggest those who are still not clear log on Keck Seng's Annual Report 2012 and look for Clause 31 on Retained Earnings. That may give you some insight into the said Act. Keck Seng can still pay franked dividends up to a maximum of RM 330,277,000.00 by 31/12/13 if the company chooses to. Keck Seng had already paid the corporate tax for the balance of RM 330,277,000.00 which it can pay as franked dividend. This amount of money belongs to Keck Seng's share holders and nobody else.

The major share holders are all rich people with incomes exceeding millions of Ringgit yearly. These people won't get a single sen of refund from the Inland Revenue and they are not bothered. Only poor small investors are longing for a special dividend from which they might be able to claim back part or all of the tax that has been deducted.

RM 5.30 per share is possible provided earnings and dividend rate are maintained.

If the management offers RM 1.20 to RM 1.30 per share, over 90% of small investors would accept.

2 days to Keck Seng directors receiving Tan Sri titles.

love2trade, you may have to buy back at a higher price next week, so you may not be lucky after all.