prudentinvestor

prudentinvestor | Joined since 2013-05-10

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Stock

2015-03-23 12:41 | Report Abuse

lim, you got your arithmetic wrong I am afraid. 1700 acres at RM 200,000 per acre would work out to RM 340 million in total. Anyway, the compensation is likely to be at least 50% higher than your quoted rate if any acquisition really takes place.

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2015-03-20 17:42 | Report Abuse

You need to be extremely patient with this counter. The next time Keck Seng may move will be when the company is about to announce the payment of the final dividend.

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2015-03-17 16:31 | Report Abuse

As of 5 May 2014, Keck Seng's directors and their associates are in possession of about 61% of its paid up capital. Only its directors and their associates are in a position to make a general offer to take over Keck Seng, meaning to privatize it.

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2015-03-13 11:58 | Report Abuse

Did you know that Vincent Tan owns (directly and indirectly) 65.53% of Berjaya Land and 53.59% of Berjaya Food?

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2015-03-12 16:53 | Report Abuse

If you take a copy of Keck Seng's most recent annual report, you will find that more than half of the company's 30 largest shareholders are linked to the Ho family and they together hold more than 55% of Keck Seng's paid up capital.

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2015-03-12 15:34 | Report Abuse

The Ho family and their associates would only sell the company to you at upwards of RM 25 per share.

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2015-03-12 11:02 | Report Abuse

The company had penalized the small investors by failing to declare a special dividend from its 108 balance two years ago. Perhaps it is time to make amends and reward loyal small shareholders?

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2015-03-12 10:26 | Report Abuse

EPF keeps buying this counter lately. Possibility of uptrend is higher.

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2015-03-06 12:04 | Report Abuse

You can't get it for less than RM 500k per acre.

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2015-03-04 09:55 | Report Abuse

Don't sell Keck Seng shares. Selling Keck Seng shares means you are actually selling land priced at RM 5,000 per acre in Johor Bahru.

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2015-03-02 21:59 | Report Abuse

If CPO goes up to RM 3,000 per ton in three years time, I believe FGV should move up to at least RM 3.50 per share. That is a gain of almost 60% or 20% per year, not including the dividend that the company may declare. Not a bad bet.

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2015-03-02 11:42 | Report Abuse

If I know, I would buy first before telling someone else to buy. If you are taking a long term view, say around 2 years, it is still a good buy.

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2015-02-28 15:45 | Report Abuse

EPF has been aggressively accumulating this counter over the past few weeks. MUFJ's selling pressure has abated somewhat. Unlikely to drop much due to poor financial result.

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2015-02-27 19:36 | Report Abuse

Final quarter result quite commendable. Keck Seng shares should move up moderately next week.

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2015-02-26 23:09 | Report Abuse

I think the company is still reasonably sound. It lost money because it has made provision for losses incurred during the severe flood at the end of last year. The company may bounce back with a profit of over 30 sen per share in its final quarter, just like last year. You never know.

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2015-02-24 17:38 | Report Abuse

Don't expect it to move up any further tomorrow. Extremely poor earnings.

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2015-02-23 19:59 | Report Abuse

The company's accountant had failed PMR maths.

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2015-02-23 18:35 | Report Abuse

Quite some time this counter has not traded above 80 sen. Good opportunity for TA to go up above 80 sen again, so be patient.

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2015-01-28 22:11 | Report Abuse

With CPO hovering at around RM 2,200/ton and crude oil at around US$ 45/barrel, FGV is extremely unlikely to rise above RM 3 per share. I would cut loss at about RM 2.80 to RM 3.00 and wait for it to come down before re-positioning.

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2015-01-28 16:15 | Report Abuse

Good chance to pick up at RM 8.40 and below.

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2015-01-27 20:16 | Report Abuse

This year's dividend is going to be much less than 10 cents.

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2015-01-23 15:33 | Report Abuse

MUFJ still selling aggressively.

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2015-01-19 21:49 | Report Abuse

Calvin, you have given too much credit to EPF.

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2015-01-15 14:55 | Report Abuse

Some big sellers around but there are also many big buyers. Should close at not less than RM 6 today.

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2015-01-14 11:48 | Report Abuse

Going down to 45/46 sen again.

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2015-01-13 17:27 | Report Abuse

MUFJ should have first hand information.

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2015-01-13 17:23 | Report Abuse

Selling by EPF and Kumpulan Wang Persaraan seems to have stopped since the new year. The price of palm oil has also rebounded quite strongly over the past two weeks. These are two plus factors for FGV to move up.

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2015-01-13 15:46 | Report Abuse

I believe MUFJ is still dumping CIMB shares today but there are other institutional investors picking up the shares. The rise is too sharp.

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2015-01-13 10:15 | Report Abuse

If MUFJ stops selling, CIMB should easily move up to RM 6.

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2015-01-12 10:20 | Report Abuse

Those who had bought last week at around 40 sen would have made 20% in one week. Not a bad investment. I think it should be back to square one after today. Fundamentals have not changed.

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2015-01-10 14:49 | Report Abuse

Which is more likely? Moving up another RM 2.20 to RM 7.50 or dropping another RM 2.20 to RM 3.10? If you want to invest in shares, there is a certain amount of risk that you have to take.

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2015-01-09 15:52 | Report Abuse

Vin Cullen, if you buy CIMB at RM 5.30 today and suppose it goes up to RM 7.50 two years later, including the dividends you receive, do you know how much you have gained?

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2015-01-09 14:55 | Report Abuse

For those who had bought at RM 7.00, they have no choice but to wait for the rebound. If you are prepared to keep this stock for up to 2 years, it isn't a bad time to buy now.

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2015-01-09 11:32 | Report Abuse

Just bought 800 shares at 8.51. It is a much better gamble than CIMB which I suffer over 15% loss.

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2015-01-08 15:38 | Report Abuse

Most people are impatient. They hope to buy today and make 20% a few days later.

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2015-01-08 12:06 | Report Abuse

FGV's share price seems to have bottomed out at just above RM 2. Also selling by EPF and Kumpulan Wang Persaraan appears to have stopped since the new year, perhaps paving the way for a strong rally?

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2015-01-08 11:09 | Report Abuse

This is a stock purely for speculation. Trade at your own risk.

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2015-01-07 17:14 | Report Abuse

fela, you should wait until it drops to 9 sen.

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2015-01-06 11:21 | Report Abuse

For those who speculate on Iris, good luck but be careful not to get your fingers burned.

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2015-01-05 11:50 | Report Abuse

Not so confident now?

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2015-01-05 10:46 | Report Abuse

Market sentiment is very bad and you guys still expect this counter to go up to 60-90 sen? Ringgit is down again this morning, US$1 = 3.53 Ringgit, Sin$1= 2.65 Ringgit. Price of oil is still going down. Looks like there is no bottom.

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2015-01-05 10:30 | Report Abuse

Syndicates have accumulated quite a lot of Iris shares at below 25 sen over the past few weeks. Time to push up the price now and unload. Be careful!

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2015-01-02 16:33 | Report Abuse

Appears to have reached bottom at just above RM 2 and now headed for a strong rebound. No reason for it to drop to such low levels. Already down more than 60% from its peak.

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2014-12-30 11:15 | Report Abuse

I believe that only about 50 million Facbind shares are in the hands of the public. The company needs to use up only a third of its cash reserve to mop up all the public shareholdings.

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2014-12-23 16:47 | Report Abuse

There is no reason for EPF and Pension Fund to sell FGV at this level. For each share they sell now, they can only recover less than 50% of their initial investment. The price of CPO should be back to RM 3,000 per ton again within the next three years and when that happens, FGV should move up to RM 4 again. Small investors, bear this in mind.

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2014-12-22 11:50 | Report Abuse

EPF and Kumpulan Wang Persaraan have been selling this counter for the past few months, so FGV's share price will not go up unless these two institutions stop their selling. However, FGV's share price is not likely to fall much as it has already fallen to around half its IPO price.

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2014-12-19 08:19 | Report Abuse

Big jump expected today. Year end window dressing probably coming.

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2014-12-18 12:37 | Report Abuse

Buy slowly as its price approaches RM 5. Buy aggressively as its price approaches RM 4. Put all your money in as its price approaches RM 3. You won't go wrong.

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2014-12-18 12:15 | Report Abuse

If the rally can last until the end of the year, there is a possibility this counter may go beyond 60 sen again.

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2014-12-17 17:34 | Report Abuse

At this level, L&G is trading at a prospective PE of under 2.5.