Cash and short term investments stood at rm761 million or rm2.11 per share as at Dec 31 2012. Including investment securities, Keck Seng’s liquidity assets made up of rm3.47 per share. This means investors pay only rm593 million (rm1.63 per shares) for the rest of Keck Seng’s assets, which include plantation, the hotel in Hawaii and Toronto and a mall in Johor. Most of these assets are virtually free given that the Menara Keck Seng office block in Jalan Bukit Bintang is carried in its books at a 1996 valuation of only rm56 million or rm212 psf floor area.
Market observers value Keck Seng’s plantations at rm383 million or rm1.06 per share. The company has 3411ha of mature estates in Johor with palm trees averaging 16 years plus 246ha of immature estates.
2.11 balance paid for Kseng plantation ( 3411 hec) excluding hotels , menara etc 3411*2.47105 ac *43560 ft 2*RM 10 ( market price)=RM 3,666,506 million 360 million shares 3411*2.47105=8428.75*43560*10=435,600( approx: 435k/ac) RM 10.18/share = RM 2.11 to buy RM 10.18 for kseng ? Excess 8.07/share Discount 30% of 8.07 =RM 5.64/share + RM 7.76 /share
Market price should be : excluding all hotels and menara etc .... RM 13.40 ( 30% discount) or No discount at RM 17.94/share Add all and divide : 8.60+13.40+17.94+17+20=76.94/5=15.38
TP =RM15.00!
Cheers ! Disclaimer: This is a personal weblog, reflecting my personal views. All information provided here are to share only. The author should not be held liable for any information errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
Many still on a holiday mood. A short break will certainly provide Keck Seng with the energy to surge further on wednesday morning.Many investors are waiting anxiously to c how will Kseng perform when the mkt open 2mrw morning. Cheers!!!
It will definitely scale new heights but it needs to clear all the stale bulls which is due for deliveries early next week. Once done the road to the peak will be smoothsailing. Cheers!!!
Hopefully prominent Tycoons like Tan Sri Robert Kuok and Li Ka-Shing will start taking a good look at this stock. If they do, I can't imagine how high it will fly!Cheers!!!
Fortunebull you work for Robert Kuok? Any job vacancy in finance or investment department? How come you are so free to do posting here? Which dept you are from? Please recommend me. How come you never mention his counters like PPB, Maybulk, Shangrila, etc.
those playing contra will see eyes red coz counter like kseng supposed to make money may also lose money along the way . Good for the overall market with healthy corrections!
I'm always full of confidence with Keck Seng, either its up or down. No worry at all because I start trading in its shares more than 20 years ago. Cheers!!!
Malaysiaboleh, anyone can be millionaire as long as they are hardworking,full of confidence in everything they do and never gave up even if they've fallen many times. With Keck Seng, many more millionaires will be borned. Cheers!!!
While Keck Seng Investment (Singapore) is a wholly owned subsidiary of Keck Seng (M) Bhd., Keck Seng Investment (Hong Kong) is not even an associated company of Keck Seng. We only know that both companies are owned by the Ho family. I believe Keck Seng's price rally still has legs.
after 3.00 pm , its share gained some lost ground to make a better footing , possibly moving forward in tandem to breach RM 8.00 n to scale greater heights!
share price needs to consolidate and form a base in the next few days.one thing that is reassuring, is that so far there have not been block selling by funds that hold this stock.. most of =the trades were done by retailers.
meaning is good chance to collect more keck seng malaysia...as like malaysiaboleh mention could have activity on going annouce soon..hurry up those has like onboard this boat...be faster dont miss again
Dont give up so soon. No worry. the market is jz trying to shake out the weak holders. Once the road is clear, it will starts to blossom again. Cheers!!!
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leslieroycarter
5,777 posts
Posted by leslieroycarter > 2013-11-05 11:38 | Report Abuse
extract :18 Mac 2013
Cash and short term investments stood at rm761 million or rm2.11 per share as at Dec 31 2012. Including investment securities, Keck Seng’s liquidity assets made up of rm3.47 per share.
This means investors pay only rm593 million (rm1.63 per shares) for the rest of Keck Seng’s assets, which include plantation, the hotel in Hawaii and Toronto and a mall in Johor. Most of these assets are virtually free given that the Menara Keck Seng office block in Jalan Bukit Bintang is carried in its books at a 1996 valuation of only rm56 million or rm212 psf floor area.
Market observers value Keck Seng’s plantations at rm383 million or rm1.06 per share. The company has 3411ha of mature estates in Johor with palm trees averaging 16 years plus 246ha of immature estates.
Dissection:-
2.11 cash + investment
3.47 liquidity asset
7.76 closing price 4/11/13
2.11 balance paid for Kseng plantation ( 3411 hec) excluding hotels , menara etc
3411*2.47105 ac *43560 ft 2*RM 10 ( market price)=RM 3,666,506 million
360 million shares
3411*2.47105=8428.75*43560*10=435,600( approx: 435k/ac)
RM 10.18/share = RM 2.11 to buy RM 10.18 for kseng ? Excess 8.07/share
Discount 30% of 8.07 =RM 5.64/share + RM 7.76 /share
Market price should be : excluding all hotels and menara etc ....
RM 13.40 ( 30% discount) or No discount at RM 17.94/share
Add all and divide : 8.60+13.40+17.94+17+20=76.94/5=15.38
TP =RM15.00!
Cheers !
Disclaimer: This is a personal weblog, reflecting my personal views. All information provided here are to share only. The author should not be held liable for any information errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.