Posted by prudentinvestor > 2013-10-01 22:15 | Report Abuse

Two pieces of good news over the past one week. HDBS Research has a buy call on Keck Seng several months ago with a fair value of RM 6.00 based on 30% discount to RM 8.50 SOP-derived valuation. Keck Seng's share price should easily breach past RM 6.00 tomorrow. After the two pieces of good news, perhaps the 30% discount is no longer justified.

Posted by eht6769 > 2013-10-01 23:15 | Report Abuse

Yes.Agreed. Keck Seng Land Bank will explore by market investors

Posted by eht6769 > 2013-10-02 09:46 | Report Abuse

rocket start

Posted by SUPERDADDY > 2013-10-02 10:03 | Report Abuse

Cheers to all forummers still holding firmly to this wonderful gem. Kseng!Go!Go!Go!

Posted by Lim AS > 2013-10-02 12:25 | Report Abuse

kseng = ksim

Posted by SUPERDADDY > 2013-10-02 12:40 | Report Abuse

Lim AS, you seem to have a negative prospect on this counter.Any reason in particular? Are u still a shareholder? If you are you should have laughing all the way to the bank by now as it is almost at its historical high now. Dont Ksim but be Happy. Cheers!!!

Posted by eht6769 > 2013-10-02 12:58 | Report Abuse

yes. happy & cheers

Posted by Lim AS > 2013-10-02 15:04 | Report Abuse

anyway I had made an exit half of my portfolio n still holding another half ...I prefer mpcorp n pmcorp which may give me extras also...

Posted by eht6769 > 2013-10-02 15:18 | Report Abuse

keck seng volume keep active & rose ....

Posted by eht6769 > 2013-10-02 15:44 | Report Abuse

volume keep up..like 2010 august after dispose parkway stake, price keep on going riseat follow bonus issue ........hey guy those dont wan to miss this boat can join ...no harm

Posted by prudentinvestor > 2013-10-02 16:12 | Report Abuse

eht6769, the price of RM 7.30 per sq. ft. or RM 317,988/- per acre paid by Mah Sing looked like a fire sale price. When Keck Seng's plantation land was acquired in 2006 to make way for the Senai-Desaru Hughway, the compensation was already RM 260,000/- per acre.

Posted by Lim AS > 2013-10-02 16:33 | Report Abuse

TP 6.00 broken

Posted by eht6769 > 2013-10-02 16:47 | Report Abuse

another rise wave will go tomorrow....

Posted by SUPERDADDY > 2013-10-03 10:33 | Report Abuse

Keck Seng holding steadily above RM6.00 level. Hopes the current bull is intact in pushing it further up. Cheers!!!

Posted by eht6769 > 2013-10-04 10:51 | Report Abuse

stay at 6 level

Posted by Lim AS > 2013-10-04 12:09 | Report Abuse

if the news r true extract from malaysiaboleh , the pay out will be in the region of 60 cts . Bonus should be in the region of 1 for 2 if better 1 for 1 by mitigating the cash reserves cater for future investing ( 360 m+180 m=540 m ) shares...This will make the hostile take over a bit difficult? But by looking the trend now , big landed cos r keep on acquiring lands in n around IDR like FGV , Boustead , Eco-land , IOI , UEM etc . In no time , lands n housing will be monopolise by giant cos only . Good news or bad news r up to u to interpret.

Posted by eht6769 > 2013-10-04 12:24 | Report Abuse

malaysiaboleh. you are good analysis of this matter, Yesterday i had been there for IDR...Kuok's famaily has ready in hotel at 公主港。。。this is big invest, i m sure IDR iskandar will success and penggar is another main project for khanazah investment. Keck Seng landbank will become more valuable, in pass 1 yrs will become market demand landbank company in JB area. Let cheers those holder for keck seng

Posted by thinsu06 > 2013-10-04 12:41 | Report Abuse

No doubt KSeng is a good company with large cash reserve and huge land bank of great commercial potential in Masai area. Somehow the management is rather conservative. There has been talks about bonus issue almost a year already, but not materialised!! Hopefully this time round, it will happen!!

Posted by malaysiaboleh > 2013-10-04 15:40 | Report Abuse

Year End Sales 2013 with 40% discount .. came in before too late.

Posted by jordanravindran > 2013-10-04 15:57 | Report Abuse

haha vol too smalllah. the owner is not contra player so they dun have time for market play. Bye

Posted by SUPERDADDY > 2013-10-04 16:13 | Report Abuse

Wah, Malaysiaboleh is far more confident than myself. Keck Seng is the first share I bought when I started investing in the 1990's. Will continue to purchase this wonderful gem whenever I've any excess cash. Feeling so great whenever I can own each piece of Kseng even if it is jz a few small lots. Cheers to all still on the boat towards the summit.

Posted by SUPERDADDY > 2013-10-04 16:14 | Report Abuse

Wah, Malaysiaboleh is far more confident than myself. Keck Seng is the first share I bought when I started investing in the 1990's. Will continue to purchase this wonderful gem whenever I've any excess cash. Feeling so great whenever I can own each piece of Kseng even if it is jz a few small lots. Cheers to all still on the boat towards the summit.

Posted by SUPERDADDY > 2013-10-04 16:15 | Report Abuse

Keck Seng!Go!Go!Go! Malaysiaboleh!Cheers!!!

Posted by SUPERDADDY > 2013-10-04 16:21 | Report Abuse

Current Keck Seng trend looks quite promising. Used to retreat back all its gain after any strong run-up. It has been trending up with confidence lately with a slight or minimal hiccup. The momentum is still very +ve. Cheers!!!

Posted by eht6769 > 2013-10-04 16:33 | Report Abuse

positive sign....keep going up

Posted by malaysiaboleh > 2013-10-04 16:50 | Report Abuse

Great closing for this Week. Put a big hope Next Week for this counter ..bulls coming

Posted by SUPERDADDY > 2013-10-04 17:16 | Report Abuse

Yeah! A solid close for Kseng after dropping a couple of cents earlier. Buying momentum still very strong to spur it to greater heights! Cheers to Kseng shareholders!!!

Posted by eht6769 > 2013-10-04 19:18 | Report Abuse

Good fundamental company, value has coming reflect according from LAN bank in jb. Per arce rm300k, has good assets

Posted by dfsbipohsch > 2013-10-04 19:21 | Report Abuse

Can still go in any TP

Posted by leslieroycarter > 2013-10-05 12:00 | Report Abuse

matang is selling less than 40k per acre , do u think kseng lands worth so much as 300k ? mind u all the lands r still under Agric tenure n rightfully fetch a lower price compared with other property counters which more or less have converted to property or industrial lands albeit paying a much higher premiums each year . Sometimes we need to be much logical when computing n make projections with a higher degree of leverage taking accounts all the + n- factors.

Posted by SUPERDADDY > 2013-10-05 12:52 | Report Abuse

Matang's properties value is also grossly undervalued and only MCA can give a detailed answer. At RM40k per acre is jz RM0.92 per sq ft which doesnt make sense. This case definitely can't be compared to Kseng as the land around its land bank has skyrocketed to almost RM10 per sq ft and above. Cheers!!!

Posted by prudentinvestor > 2013-10-05 17:12 | Report Abuse

leslieroycarter, agricultural land in the vicinity of some small towns in Johor can now fetch over RM 150,000/- per acre. The asking price for land adjacent to existing developments in these towns can be as high as RM 300,000/- per acre. Keck Seng's plantation land is just north of the Tanjong Langsat Industrial Park and east of Taman Kota Masai, the housing development that EcoWorld is buying into. Mah Sing's newly acquired land is also close to Keck Seng's plantation land.

Posted by mahli > 2013-10-05 18:29 | Report Abuse

There is hefty cost involve in conversion of agric land for residential/commercial. It also involve lengthy process (years not months) and dev take yrs to take off and produce return. There are other risks (eg conversion not approved), bubble, economic downturn etc...
Now these r to be factored in valuation...it is risky to chase price up, without knowing value.

Posted by mahli > 2013-10-05 19:10 | Report Abuse

even selling land is also not straight fwd, there are also tax to pay etc...

Posted by leslieroycarter > 2013-10-05 21:29 | Report Abuse

I would like to know how long it will take to get lands converted after applying and paying the extra premiums? I was given to understand that all conversion of lands have to submit to the various Do offices or initial approval, papers drawn up and submitted to MB office to seek approval by the State Excos, not all approval are given when dealing with conversion let alone co like kseng where majority owned by foreigners " Singaporeans" . There are restrictions and the Quota has to be given , not 30% but higher . Just check how difficult for Mt Austin to get the approval ,the reverse quota demanded like 30:70 ? Where it involved court case etc...Sometimes , it may take years to do it unless you got people higher up to run errands for you. So Agric lands will not fetch good price unless conversion has been done and approval given . Just 2 cts opinion.

Posted by mahli > 2013-10-06 19:16 | Report Abuse

land is under ppurview of state...therefore the process is different for every state.

Posted by eht6769 > 2013-10-07 08:17 | Report Abuse

now days in JB any area plantation will cost per arce rm150k from main road to 3km far more. Keck Seng is nearby all property company project area, at least after discoun 15% should hv RM300k per arce. 9000++ arce x 300k = will be 27billion/36 billion share issued.. will be at least rm8 for land, hvnt include other valuable asstes, building,land west site in Jb, +++ huge reserve CASH + Stock on HAND...Can imaging ....how many RM worth it.

Posted by mahli > 2013-10-07 08:34 | Report Abuse

wow...lucky for JB landowners..in sarawak plnt land are 5~15K per Hectares!

Posted by eht6769 > 2013-10-07 08:44 | Report Abuse

JB consider free hold,,,, how to compare sarawak...6o yrs will end up.

Posted by mahli > 2013-10-07 08:46 | Report Abuse

pse...there r many multi-national planters presently in swak...

Posted by mahli > 2013-10-07 08:57 | Report Abuse

it is good to be optimistic. what is no good is it often lead to unrealistic valuations....

Posted by SUPERDADDY > 2013-10-07 09:25 | Report Abuse

Malaysiaboleh, Keck Seng Boleh. Go!Go!Go!Cheers!!!

Posted by Lim AS > 2013-10-07 09:30 | Report Abuse

supply n demand will determine the price ...

Posted by SUPERDADDY > 2013-10-07 09:37 | Report Abuse

Demand will overwhelmed supply in case of Kseng later on. Cheers!!!

Posted by SUPERDADDY > 2013-10-07 10:36 | Report Abuse

Yeah, 2 in 1 combinations, a high margin of safety and profit as well!Cheers!Keck Seng!Go!Go!Go!

Posted by jordanravindran > 2013-10-07 11:21 | Report Abuse

but they are not aggressive developer to take the opportunity in the rally of property prices. they would rather sit on their forefathers' laurel. this is what impeding the stock price

Posted by eht6769 > 2013-10-07 11:43 | Report Abuse

keck seng morning session is active volume..those guys hvnt enter this counter still hv chance to take on.. Dont miss the boat

Posted by SUPERDADDY > 2013-10-07 15:02 | Report Abuse

Did anyone notice Keck Seng price trend for the past 2 months? It retreated slightly after a run-up unlike previously where it gave back all its gain within a couple of days. Looks like something is brewing up but nobody knows except the Ho family and its board. Cheers to all on the boat to summit!!!

Posted by eht6769 > 2013-10-07 15:51 | Report Abuse

steady ....keep more investors on boat of keck seng

Posted by malaysiaboleh > 2013-10-07 16:11 | Report Abuse

Agreed with Keck Seng Management Team is not a good team in terms of holding too many cash and also no much development! But they make company stable with healthy financial and what they have (asset) in the company is prove they are WELL RISK Controller and Make Business Long RUN and Create Value able to the COMPANY ... IF NOT THEM u wont have chance to buy the Land with RM 11,000 per hectare in Pasir Gudang. Hahaha.. ---> Jordanravindran