INCH KENNETH KAJANG RUBBER PLC

KLSE (MYR): INCKEN (2607)

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Last Price

0.41

Today's Change

+0.02 (5.13%)

Day's Change

0.41 - 0.41

Trading Volume

700


4 people like this.

293 comment(s). Last comment by thesteward 2024-01-02 12:29

chaplang

10 posts

Posted by chaplang > 2014-06-26 16:49 | Report Abuse

two consecutive days price and volume up is a good indication..something must be happening. still very early to go in...

beeair2013

195 posts

Posted by beeair2013 > 2014-07-03 17:07 | Report Abuse

Let see breaking of @0.95............................

Posted by theavengers > 2014-07-03 21:54 | Report Abuse

0.95 ? Not 1.95?

kkteng70

432 posts

Posted by kkteng70 > 2014-07-04 13:01 | Report Abuse

Why a lot of people sell ?

Posted by theavengers > 2014-07-05 12:56 | Report Abuse

Fast ...sell it to me......i want

HC Lee

1,518 posts

Posted by HC Lee > 2014-07-07 10:41 | Report Abuse

Got ppl kena trap alredi.....it will go into hibernation for half year again....

chaplang

10 posts

Posted by chaplang > 2014-07-08 16:20 | Report Abuse

volume not promising enough

kkteng70

432 posts

Posted by kkteng70 > 2014-07-10 13:36 | Report Abuse

I think it rest a while it will come again

HC Lee

1,518 posts

Posted by HC Lee > 2014-07-10 15:10 | Report Abuse

Always hibernate and after wake up trap a few punters and go to sleep again. Same tactic....nothing is happening in the company....only sharks looking for some meals.

kkteng70

432 posts

Posted by kkteng70 > 2014-07-11 21:50 | Report Abuse

HC Lee is right.. look sleep again

trustme932

4,864 posts

Posted by trustme932 > 2014-07-17 09:13 | Report Abuse

m quite disappointed with its performance lately.If u look at the v v long term chart(15 yrs) its still looking good i.e.on the uptrend.Higher lows n highs,now,with strong bottom seen at 0.80-82 area.I don't c y it wud retest the aforesaid bottom area.A new high n trading range is expected to be seen over the med long term with potential to test/break 1.12.Immediate base sup is at 0.855-0.87 area shud hold although it broke below the sup line of the near term uptrend channel at 0.93.Hold on to it if u r caught at higher level.I bot it since last year n still hoping to c a test abv 1.00 again.

HC Lee

1,518 posts

Posted by HC Lee > 2014-07-18 23:25 | Report Abuse

If u sell, it will go up. But if u buy and sellers after that are not as big, then be prepare to wait. tis is the characteristic of this and many illiquid stocks. Unless there is something brewing....they will trap u and test your patience.

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2014-07-25 09:17 | Report Abuse

.................duitKWSPkita is buying INCKEN...............


Enjoy your harvest then!

Happy trading!

trustme932

4,864 posts

Posted by trustme932 > 2014-09-08 09:18 | Report Abuse

1.02/1.12/1.30 r my tps over the next 2 months.good luck.

Posted by jehovahnissi > 2014-10-24 15:10 | Report Abuse

sleeping counter when to wake up

lam7894

76 posts

Posted by lam7894 > 2014-10-27 14:03 | Report Abuse

The company has a strong balance sheet with net cash of Rm172,369,000 as at end of June 2014. This is equivalent to Rm0.43 per share and as at end June 2014 and net assets per share of Rm1.74.

lam7894

76 posts

Posted by lam7894 > 2014-10-27 14:14 | Report Abuse

Its asset is land. Its approximately 494 acre tract in Mukim of Semenyih, Daerah Ulu Langat, Selangor which located adjacent to Serene Heights. The total valuation of the land in Kajang and Bangi at 31 December 2013 was RM431 million. (MYR20psf; current asking price).

lam7894

76 posts

Posted by lam7894 > 2014-10-27 14:17 | Report Abuse

UEMS will launch Serene Heights @ Bangi (MYR123m GDV; double-storey terraces) by end 2014. Analysts are particularly excited about the Bangi project given its: 1) attractive selling price of MYR520,000/unit, 2) the strong demand for landed properties below MYR1m, and 3) growing demand for properties in the Southern Klang Valley area (ie. Kajang, Semenyih, Bangi) due to improving connectivity and infrastructure (e.g. KVMRT1, SKVE).

The land was bought from Inch Kenneth Kajang Rubber. The project is located adjacent to the Alam Sari township and Universiti Kebangsaan Malaysia, and is within the vicinity of Bandar Baru Bangi.

lam7894

76 posts

Posted by lam7894 > 2014-10-27 14:18 | Report Abuse

Efforts at developing the land bank aproximately 494 acre are nearer to the approval stage.

Posted by jehovahnissi > 2015-01-09 16:01 | Report Abuse

God bless Incken up up up

Posted by Jehovahnissi > 2017-06-16 10:12 | Report Abuse

shalom

pharker

1,092 posts

Posted by pharker > 2018-01-12 10:55 | Report Abuse

What happened ??? Window dressing ??

Any updates

dentab

148 posts

Posted by dentab > 2018-01-12 10:58 | Report Abuse

Anything related to Kuchai, /SBagan /Kluang

Posted by Sebastian Sted Power > 2018-01-12 11:37 | Report Abuse

Privatisation?

Posted by Sebastian Sted Power > 2018-01-12 11:40 | Report Abuse

Or maybe merger? Cannot be S again and kluang all up until I also shocking why suddenly my trading +20%

Posted by Mohd Fahmi Bin Jaes > 2018-01-12 11:42 | Report Abuse

limit up?

Posted by Sebastian Sted Power > 2018-01-12 11:51 | Report Abuse

Fahmi, jangan kacau

kyosan

786 posts

Posted by kyosan > 2018-01-12 12:03 | Report Abuse

SBAGAN, KLUANG and KUCHAI shares the same management,

Incken...dont know..

kyosan

786 posts

Posted by kyosan > 2018-01-12 12:05 | Report Abuse

The Lee family also controls old plantation companies like Kuchai Development Bhd


, Kluang Rubber Company (Malaya) Bhd and Sungei Bagan Rubber Company (Malaya) Bhd.
--------------------

Lee fAMILY got stakes inside incken too..

Posted by Sebastian Sted Power > 2018-01-12 22:00 | Report Abuse

Great Eastern effect really GREAT!!

Posted by Jehovahnissi > 2018-01-15 09:55 | Report Abuse

Hallelujah

Posted by Jehovahnissi > 2018-01-24 11:07 | Report Abuse

Shalom

dentab

148 posts

Posted by dentab > 2018-06-01 11:25 | Report Abuse

INCH KENNETH KAJANG RUBBER PLC buyback 65,100 shares from 0.680 to 0.685 on 31-May-2018. Any sifu help to explain why company want to buyback........?Any big plan or restructuring of INC going on.....?????????????????

multi530

344 posts

Posted by multi530 > 2018-07-08 09:53 | Report Abuse

i guess share buy back now, privitisation or take over later.

Junqi

155 posts

Posted by Junqi > 2019-01-03 11:47 | Report Abuse

Buying back a couple of huncred tnousand shares is peanut
The directors are so bored with nothing to do
I will sit up when buyback in millions

dompeilee

11,888 posts

Posted by dompeilee > 2019-01-17 18:37 | Report Abuse

Ng Ah Chai swallowed to many lots back in 2013, now kana indigestion had to vomit 7,500,000 shares lately lol

Posted by commonsense > 2019-01-30 09:39 | Report Abuse

The company has mostly recorded full year losses for the past 10 years with only FY09 and FY12 being the only profitable years. 9m18 result was a loss of RM5.8mil with full year 2018 loss expected to reach around -RM8mil. To think that the company can suddenly turnaround and post a profit in FY19 might be a bit of a wishful thinking on the part of some investors.

The company’s decision to venture towards the Property industry might be a bit late given the current negative sentiment of the industry. Any profit from the Tourism segment is not enough to cover the company high corporate expenses. It would be better for investors to focus on other companies that are actually profitable as some are currently trading at very low PE multiple vs their industry average.

If you are looking to diversify your portfolio outside of Inch Kenneth Kajang Rubber (due to its earnings uncertainties and weak market outlook) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

Junqi

155 posts

Posted by Junqi > 2019-03-01 10:01 | Report Abuse

This counter is a candidate for privatisation

LouiseS

286 posts

Posted by LouiseS > 2020-01-09 10:53 | Report Abuse

INCH KENNETH's main business segments include oil palm plantations and sale of FFB, rubber block manufacturing and hotels operations in Terengganu.

Its earning performance has been overall fluctuating in last five years, whereby its earning per share overall fluctuated from -3.66 sen to -0.48sen, making losses in all of last five years. The Group declared a dividend of 1.109 sen per share in the 2018 financial year, which amounts to a dividend yield of 1.82%.

https://louisesinvesting.blogspot.com/2020/01/comments-on-inch-kenneth-kajang-rubber.html

dompeilee

11,888 posts

Posted by dompeilee > 2021-02-16 14:55 | Report Abuse

Q for IncKen this morning & GOT it =)

thesteward

6,782 posts

Posted by thesteward > 2021-07-16 09:41 | Report Abuse

Gogogo at last pls lu

Musfaz83

619 posts

Posted by Musfaz83 > 2021-07-27 08:57 | Report Abuse

pentagon builder turn blue

Musfaz83

619 posts

Posted by Musfaz83 > 2021-08-25 15:41 | Report Abuse

laii

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-25 15:44 |

Post removed.Why?

Posted by SpicyMcDeluxe > 2021-09-08 15:17 | Report Abuse

kewk

BigZakar

261 posts

Posted by BigZakar > 2021-10-03 09:20 | Report Abuse

limit up before christmas!!!!!!

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-10-06 01:43 | Report Abuse

SEE_Research ===========================================================================

https://klse.i3investor.com/blogs/see_research/2021-10-06-story-h15919...

===========================================================================
SAMSON HERCULES Chan /4316

( LIMIT UP 30 % --- STOCK LIKE SUBUR / 6904 )


Another Subur Tiasa Holdings Bhd / 6904

Potentially, for this coming week ,

starting from 6 October 2021 , onwards


(i)1st Target Price :


RM 0.68 level

( 17 % )



=====================================

(ii) 2nd Target Price :

RM 0.89 level

( 50 %)
06/10/2021 1:27 AM

Dehcomic01

349 posts

Posted by Dehcomic01 > 2023-11-25 07:21 | Report Abuse

The company had not delivered any positive return over the past decade. This is company is transitioning from a planation company to a property company. Well the property sector is a cyclical one and is not exactly booming currently. At the same time, it will take time to build up the property business. So I expect a few more tough years. If you are a fundamental investor, there are better Bursa plantation companies to look at. https://ujianehc.blogspot.com/2023/11/bursa-plantation-sector.html There are also better property counters to invest in.

thesteward

6,782 posts

Posted by thesteward > 2024-01-02 12:28 | Report Abuse

Got big land in Kajang ?
Lrt3 pass through Kajang?

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