KECK SENG (M) BHD

KLSE (MYR): KSENG (3476)

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Last Price

3.50

Today's Change

+0.02 (0.57%)

Day's Change

3.50 - 3.51

Trading Volume

2,000


8 people like this.

2,823 comment(s). Last comment by speakup 2 weeks ago

Posted by Superdaddy > 2021-11-23 10:43 | Report Abuse

Reasonable results with commendable profit. Cheers!!!

Diamond7

1,954 posts

Posted by Diamond7 > 2022-02-11 16:32 | Report Abuse

Now ..the volume starts increasing!
CPO green!!
Above 5000 is good for KSeng
Please give us back the 10 cents dividend

Posted by prudentinvestor > 2022-02-18 16:07 | Report Abuse

Keck Seng has not paid any dividend to shareholders for over 2 years. During this pandemic hit period, it has failed to pay 2 interim and 2 final dividends. Just be happy with the usual 4 sen interim and 6 sen final dividends and don't dream for anything extra from the existing directors.

Diamond7

1,954 posts

Posted by Diamond7 > 2022-02-19 07:33 | Report Abuse

Theme play..... plantation
CPO is above 5000
Kseng directors.... remember to reward Ur faithful shareholders!

yangxi

408 posts

Posted by yangxi > 2022-02-28 17:55 | Report Abuse

The Board will announce their recommendation on the dividend at a later date.

yeah<~~

Posted by prudentinvestor > 2022-02-28 20:16 | Report Abuse

Genting Bhd and Genting Malaysia have been losing hundreds of millions over the past two years yet they dutifully pay dividends, unlike Keck Seng. I doubt Keck Seng directors will declare a final dividend of over 6 sen a share though shareholders haven't received any dividend for over two years.

cktay

117 posts

Posted by cktay > 2022-02-28 23:14 | Report Abuse

Price RM3.60
NTA RM6.29
Cash/Cash equivalent at end of period = RM634m = RM1.75 per share
Share Investment profit for 2021 = RM179m
.... "fair value gain recorded in 4Q 2021 for an unquoted foreign investment held"
Anyone have any idea what this unquoted foreign investment is?

Posted by Superdaddy > 2022-03-18 17:54 | Report Abuse

At last, 5ct dividend coming ex 01/04. Cheers

Posted by prudentinvestor > 2022-03-18 19:56 | Report Abuse

The company calls it interim dividend instead of final dividend which is normally paid in July. I doubt the directors will declare another dividend payable in July.

Posted by Superdaddy > 2022-03-19 01:29 | Report Abuse

Hopefully a special dividend or bonus on the way ya, cheers

Diamond7

1,954 posts

Posted by Diamond7 > 2022-03-27 10:16 | Report Abuse

Special dividend or Bonus..
That's wonderful!!!

yangxi

408 posts

Posted by yangxi > 2022-04-07 21:06 | Report Abuse

good.. back normal total RM0.10 dividend

Posted by Superdaddy > 2022-04-08 22:49 | Report Abuse

Great to hv 10cts dividend for this year 2022. Cheers!!!

stockraider

29,903 posts

Posted by stockraider > 2022-04-09 10:30 | Report Abuse

Very undervalue loh!

Asset rich, cash rich and share investment rich loh!

Very steady mah!

stockraider

29,903 posts

Posted by stockraider > 2022-04-09 10:31 | Report Abuse

If u missed oriental run up recently, u still can buy kseng mah!

yangxi

408 posts

Posted by yangxi > 2022-04-14 10:37 | Report Abuse

i got both oritental and kseng , good dividend saving

speakup

18,866 posts

Posted by speakup > 2022-04-14 10:57 | Report Abuse

finally moving. kseng now join CPO theme?

Diamond7

1,954 posts

Posted by Diamond7 > 2022-04-20 16:03 | Report Abuse

Good quarterly report coming....
Another 5 cents dividend

Hopefully another 5 cents in August!!!

Diamond7

1,954 posts

Posted by Diamond7 > 2022-04-20 16:05 | Report Abuse

5 cents dividend coming...
Still a buy!
Undervalued

Posted by Bedakong116 > 2022-04-20 22:26 | Report Abuse

Keck Seng has 8k acres in JB where book value is only 80m or 10k per acre! Boustead just sold 600 acres in JB to YTL for 250k per acre!!

Posted by Bedakong116 > 2022-04-20 22:27 | Report Abuse

KS super under valued!! Some more 1bn cash!

Posted by prudentinvestor > 2022-04-22 15:50 | Report Abuse

Keck Seng has benefited a lot from the sharp fall of the Ringgit against the US and Singapore Dollars. The most appropriate thing to do now is to reduce its holdings of US and Sing Dollars and embark on a buying spree of its own shares.

gemfinder

6,813 posts

Posted by gemfinder > 2022-04-23 11:12 | Report Abuse

How kseng benefited from stronger usd? Pls elaborate. Thx

Posted by Bedakong116 > 2022-04-23 15:38 | Report Abuse

It holds bulk of cash in SGD and USD

Posted by prudentinvestor > 2022-04-25 10:17 | Report Abuse

Its foreign currency holdings include at least 100 million US Dollars (worth over RM 430 million today) and over 70 million Sing Dollars (worth over RM220 million today)

stockraider

29,903 posts

Posted by stockraider > 2022-04-25 13:12 | Report Abuse

Correctloh.....Cpo cash mkt up more than Rm 500 to more than Rm 7400 loh!

The future july up more than Rm 380 to more than Rm 6700 mah!

Very bullish price upgrade mah!

Big profit coming loh!

stockraider

29,903 posts

Posted by stockraider > 2022-04-25 13:22 | Report Abuse

Very Hot Loh!
Average CPO prices below:

Now July22 fut 6754
Q1 2022 6,197

Q4 2021 5,194
Q3 2021 4,466
Q2 2021 4,195
Q1 2021 3,938

Q4 2020 3,401
Q3 2020 2,783
Q2 2020 2,301
Q1 2020 2,673

Q4 2019 2,522
Q3 2019 2,053
Q2 2019 2,008
Q1 2019 2,089

speakup

18,866 posts

Posted by speakup > 2022-04-29 16:48 | Report Abuse

Net cash rm800mil, total shares 361mil. At rm3.93, cash is 56% of the share price!
Very easy for major shareholders to take private, considering NTA 6.25

Posted by prudentinvestor > 2022-04-29 22:29 | Report Abuse

The RM6.25 a share NTA is arrived based on ridiculous asset valuations. Many of its assets have not been revalued for up to 40 years.

Posted by valueinvestor96 > 2 months ago | Report Abuse

Keck seng needs a big time operator to goreng up the stock, I have noticed the stock price is controlled. the liquidity is artificial and the management is unfriendly.

Shareholders need to band together and form a voting block of 10% of the company shares and requisition for an EGM under S144 of the companies act following the procedures guided by S144(2) of the companies act

Posted by valueinvestor96 > 2 months ago | Report Abuse

Minority shareholders should table a resolution to payout 50sen a share in special dividends as the company is holding excess cash on their balance sheets which is not necessary for the operation of their business

Posted by prudentinvestor > 2 months ago | Report Abuse

These bunch of directors won't do anything proactive. After divesting Keck Seng's stake in Parkway Holdings about a decade ago, instead of buying some properties in Singapore or bought some Singapore bank shares which by now could have doubled or tripled in value, they increased Keck Seng's cash holdings in US and Singapore dollars. I have kept some Keck Seng shares for 25 years, it looks like I have to keep them for another 25 years.

Posted by valueinvestor96 > 2 months ago | Report Abuse

oh didnt know keck seng owned shares in Parkway. They have loads of land to sell in Tanjong Puteri and a cash cow in Taman Daya

Posted by valueinvestor96 > 2 months ago | Report Abuse

Fair Value of Keck Seng is easily 11RM/ share after marking to market their land and hotel investments. Keck Seng is also in a net net cash position with 500RM MILLION EXCESS CASH

Posted by snowball2000 > 2 months ago | Report Abuse

KSENG becoming more attractive... Waiting for it to come down further, then buy and keep... ;)

Posted by prudentinvestor > 2 months ago | Report Abuse

The Ringgit has dropped sharply against the US and Sing Dollars over the last couple of months. Malaysia's misery is Keck Seng's boon.

Diamond7

1,954 posts

Posted by Diamond7 > 1 month ago | Report Abuse

@valueinvestor
KSeng has nett cash of 500 million?
Vow!
KSeng will be a winner of interest rate hike!
Hooray!!
Hidden Gem...

Ringgit devaluation
Inflation
Buy land!!!
KSeng has valuable developmental land in Tanjung Puteri?@valueinvestor
Another plus factor!

KSeng will be winner of ringgit devaluation, high inflation and interest rate hike!!!
Go..go for KSeng

Buy n accumulate when it's low!!!

Posted by benchris > 1 month ago | Report Abuse

Unless the company change its dividend policy , it is a cash trap .

Posted by prudentinvestor > 1 month ago | Report Abuse

Keck Seng has net cash of over RM800 million after deducting RM210 million short and long term loans, mainly kept in US and Sing dollars. It has sizable investments in the stock market, worth over RM400 million. The most valuable asset is its land, about 9,000 acres of plantation, golf course and housing lands almost entirely located in Johor Bahru.

speakup

18,866 posts

Posted by speakup > 1 month ago | Report Abuse

kseng good company but too stingy in dividends (dividend payout only 17%) thats why share price low
if kseng can increase it to say 33%, it will fly!

speakup

18,866 posts

Posted by speakup > 1 month ago | Report Abuse

this company is better dead than alive, due to it super high amount of cash almost rm800mil

Posted by prudentinvestor > 1 month ago | Report Abuse

The company directors haven't acted proactively all this while. They just hoard cash, mainly in Sing and US Dollars and seldom sell the company's share investments. In 2007, Keck Seng's share investments were worth RM720 million. It plunged to just RM360 million the following year as a result of the world financial crisis.

Posted by Fabien _the efficient capital allocator > 1 month ago | Report Abuse

Keck Seng has been "undervalued" like ever in decades...

speakup

18,866 posts

Posted by speakup > 1 month ago | Report Abuse

that why speakup say this company better dead than alive, tutup kedai and return cash to shareholders

Posted by prudentinvestor > 1 month ago | Report Abuse

Keck Seng group is worth RM5-6 billion or over RM13 a share. The directors may just offer minority shareholders RM5 to RM6 a share to take the company private.

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Ho family members keep buying, desperate small investors keep selling. Rich becomes richer.

speakup

18,866 posts

Posted by speakup > 2 weeks ago | Report Abuse

Ho family so filthy rich already they dont care about Keck Seng
thats why Keck Seng remains super undervalued

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