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.

If you are so worried about the authenticity of Keck Seng's account, the most logical thing for you to do is to dispose of your Keck Seng shares.

You are assuming that small share holders are willing to sell a total of 36 million Keck Seng shares all at RM 6.90 per share. This won't happen. Keck Seng shares would move up once buying starts. How often has the total volume of Keck Seng shares transacted in a single day exceeded 0,5 million shares over the past one year? Even on occasions that the transacted volume exceeded 0.5 million shares, how much was fictitious volume?

Tony is slowly accumulating TA shares at less than half its NTA. Any followers around?

A wave is always up and down. Hopefully it is an ascending wave.

leslieroycarter, I believe that as of today, Keck Seng's directors, major share holders and their associates still control just over 61% of its paid up capital. This means that about 39% or around 140 million Keck Seng shares are still held by the public. In order to have a successful privatization of Keck Seng, the directors, major share holders and their associates would have to control at least 90% of Keck Seng's paid up capital. This means they have to accumulate at least another 100 million Keck Seng shares. With such an illiquid stock like Keck Seng, this can't be done without a massive spike in Keck Seng's share price. I think Keck Seng's small share holders are savvy and mostly long term investors. The small volume of Keck Seng shares being transacted daily is an indication.

leslieroycarter, Karex's face value is 25 sen and its NTA is only 50 sen. How much is Keck Seng's NTA? Karex's IPO price was only RM 1.85. Its price has more than doubled in just a few months. Many companies start to lose money soon after listing. I hope Karex is not one of them. Dsonic's share price has already gone up by almost 10 fold over the past one year. Holland isn't a nice place to go

Tony buying up slowly TA shares at between 76 to 78 sen a share. He is going to sell them later at over RM 1.70 per share.

RM 5.50 would be a very,very attractive price to accumulate. I badly need the opportunity to buy back what I had sold earlier.

May be eht6769 had sold at RM 7.97 a share recently. He was trying to cheer up those who have not sold a single share.

Just buy back what I had sold earlier.

Bought some this morning at below 6.80. Will collect more tomorrow if it stays at this level.

Keck Seng has already suffered its heaviest fall in over two years, from 7.97 to 6.81 or a fall of over 14%.

So you are talking about two penny stock companies, namely MP Corp and MUIPROP. MP Corp's face value is RM 1.00 but is only trading at 36 sen per share. MUIPROP's face value is 20 sen and is trading at only 17 sen per share. Both companies are not profitable. That may explain why both counters are trading at such low levels. Investors are getting very savvy these days. You can't compare Keck Seng with the two companies you mentioned. They are at two very different levels and smart investors have shown their preference. Keck Seng's plantation land can be converted into housing land and Keck Seng would be kept busy for the next 50 years. Still remember Megan Media and Cold Storage Malaysia? Did small investors get anything back after the collapse of these two companies?

Calvin,
There are many factors which determine the value of a property. The two properties which you mentioned probably have many negative factors. Keck Seng's earnings have improved by leaps and bounds over the past several quarters. I expect Keck Seng to turn in about 42 to 43 sen per share of earnings in its financial year ending 31/12/13. Keck Seng's share price has rallied in part due to the improved earnings, anticipated special dividend, bullish market and the fact that two major property developers have purchased land adjacent to its plantation land. Keck Seng's land is easily accessible by highways. While Keck Seng is profitable and cash and asset rich, is MUI Properties a profitable company? How much do you think Keck Seng's plantation land should be valued? RM 6000 per acre? Menara Keck Seng at RM 50 million?

Don't be driven to despair. The set back is only temporary. Keck Seng's over RM 900 million cash, over RM 400 million worth of share investments, over 8000 acres of plantation land, 1800 acres of housing development land, Menara Keck Seng etc remain intact. Haha

It should be very clear by now that small investors' hope for a special dividend is a pipe dream.

TA majority share holders won't sell TA shares for less than RM 1.70 a share.

The management should not have wasted the 108 balance. I wonder if the company was trying to please the Inland Revenue Department. If Keck Seng can win some favors in return, then all share holders would benefit.

If you are hoping for a special dividend, your hope is long gone. The price set back is only temporary. Keck Seng is among the top land owners in the IDR region. Keck Seng's cash position visavis its paid up capital ranks among the top five companies listed on the stock exchange.

No need 10%. Just 2% would send Keck Seng shares to RM 30/- per share.

If the company really intends to pay a special dividend, it would have been announced together with the third quarter financial results. Don't hope for any special dividend now. Small investors can only hope that the management makes better use of Keck Seng's cash mountain which now exceeds RM 920 million.

Solid uptrend. No more 卖压，买压now.

Keck Seng's management has been more proactive lately as far as disposing of its share investments is concerned. The company sold over RM 80 million worth of share investments during the first 9 months of this year, more than 10 times the amount the company sold during the previous 9 years (not including the sale of Parkway Holdings 3 years ago) and raking in over RM 30 million in profit. Keck Seng sold an extremely negligible amount of its share investments during the 2008/09 financial crisis. The market value of its share investments plunged by over 50% from end 2007 to end 2008.

Because Keck Seng is not owned by the Johor royalty, that's why I wrote that Keck Seng investors would laugh to the banks even if Keck Seng's plantation land was given a valuation equaled to just 2% of the valuation given to the Johor royalty's land. A parcel of Keck Seng's plantation land was acquired to make way for the construction of the Senai-Desaru Highway in 2006. The compensation was over RM 260,000 per acre. Property prices have gone up by as much as 100% in Johor Bahru since then. The compensation cannot be RM 260,000 per acre if Keck Seng's land is acquired again.

Quite consistent earnings at over 8 sen per share for the past three years but a bit stingy. Dividend yield is just over 3%. Should be worth around 80 sen per share.

Have you all read the news that a Chinese property company based in Guangzhou (富力地产）has bought some land in Johor Bahru (116 acres) from the Johor royalty for RM 4.5 billion. This works out to RM 38.8 million per acre. Keck Seng's plantation land only needs to achieve 2% of this valuation and all of us will laugh all the way to the banks.

Some people are trying to push down Keck Seng's share price, How nice if it could be pushed down to 7.00 per share.

Treasury shares not entitled to bonus.

Downside is limited, may be just 10% but upside can be as much as 100%.

Those who have sold L&G after the announcement of its financial results must have regretted. The company only needs to make another 4.4 sen per share during the next 6 months and its total earnings per share would come up to 10 sen per share for the whole year. A PE of 6 would have catapulted its share price to 60 sen a share. Its NTA is 73 sen per share and it is cash rich.

Is it true or you are only hoping?

Follow Tony's footsteps now and you are unlikely to be wrong. However, know your limits and know how to take profit. A 10% gross profit should be quite rewarding isn't it?

Something is brewing in TA. Either a takeover or a GO.

When the company had this kind of earnings 6 to 7 years ago, its shares were traded at over RM 5.00 a piece.

Net cash has ballooned to over RM 900 million.

Only 1,100 shareholders. Minimum required is 1,000 shareholders.

There are buyers who are willing to buy Keck Seng CB at 10.5 sen per share. The conversion price is RM 7.65 at a ratio of 15 Keck Seng CB to 1 Keck Seng share. These investors are valuing Keck Seng at RM 9.225 per share.