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.

Posted by SUPERDADDY > 2013-11-05 16:14 | Report Abuse

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!!!

Posted by SUPERDADDY > 2013-11-05 17:00 | Report Abuse

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!!!

Posted by SUPERDADDY > 2013-11-05 17:45 | Report Abuse

Wah, our Malaysiaboleh thinking and hoping Keck Seng will be like a rocket. No news or good news will always be great news for Keck Seng. Cheers!!!

Posted by SUPERDADDY > 2013-11-05 18:25 | Report Abuse

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!!!

Posted by Fortunebull > 2013-11-05 18:27 | Report Abuse

Robet Kuok stingy like hell! Very regret working with him! Do overtime, travel half the world only to be paid peanut! Don't praise him too much!

Posted by Fortunebull > 2013-11-05 18:28 | Report Abuse

Do you know why the rich become super rich! Easy! They make you work and pay nuts! Fat profit margin keep for themselves!

Posted by rlch > 2013-11-05 18:43 | Report Abuse

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.

Posted by Fortunebull > 2013-11-05 19:37 | Report Abuse

Rlch! Work with him before! Regret for life! I wont recommend anyone! Stingy old man!

Posted by PJTrader > 2013-11-05 19:54 |

Post removed.Why?

Posted by Lim AS > 2013-11-05 21:14 | Report Abuse

another scam?

Posted by malaysiaboleh > 2013-11-06 07:46 | Report Abuse

No more power for today .....

Wait for another wave ..

Posted by leslieroycarter > 2013-11-06 09:28 | Report Abuse

consolidation time ..cooling off period n volume decreasing !

Posted by malaysiaboleh > 2013-11-06 09:45 | Report Abuse

anyone who miss the boat .. now can boarding.

Posted by SUPERDADDY > 2013-11-06 09:46 | Report Abuse

Expected some profit taking activities due to heavy deliveries on prev week purchase. No worry. Once clear, next wave will come. Cheers!!!

Posted by SUPERDADDY > 2013-11-06 10:05 | Report Abuse

Wont die but will prosper with it. Cheers! Go!Go!Go!

Posted by eht6769 > 2013-11-06 10:24 | Report Abuse

kseng ,,cheers...after 3pm will hv another wave come

Posted by eht6769 > 2013-11-06 10:31 | Report Abuse

http://www.google.com.hk/finance?cid=680829
this is keck seng counter ...........Hk..keep moving on

Posted by leslieroycarter > 2013-11-06 11:32 | Report Abuse

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!

Posted by eht6769 > 2013-11-06 11:47 | Report Abuse

force sell 3pm ...after will back to normal

Posted by eht6769 > 2013-11-06 11:47 | Report Abuse

keck seng HK....rise 3.3% today now..mean 4.7 ...

Posted by malaysiaboleh > 2013-11-06 12:21 | Report Abuse

Top loser ..for today? how about tomorrow ?

Posted by leslieroycarter > 2013-11-06 12:26 | Report Abuse

support level at 6.50 ? Good for long term players but sad day for day , short term n margin traders .

Posted by SUPERDADDY > 2013-11-06 12:53 | Report Abuse

Strong support/condolidation at RM7.00 level prior to next run.Cheers!!!

Posted by eht6769 > 2013-11-06 14:40 | Report Abuse

HK Keck Seng keep rise, Msia keep drop

Posted by ryei > 2013-11-06 14:43 | Report Abuse

escaped @ 7.53.. waiting for re-enter

Posted by eht6769 > 2013-11-06 15:03 | Report Abuse

now waiting rebound back to 7.8, after 3pm

Posted by eht6769 > 2013-11-06 15:23 | Report Abuse

sure more than 7.8

Posted by eht6769 > 2013-11-06 15:28 | Report Abuse

7.56 now

Posted by SUPERDADDY > 2013-11-06 15:33 | Report Abuse

Wah eht, you are quite accurate loh. Stop sliding at 3.00pm and rebounding slightly now. Those panic sold earlier may not get it cheaper. Cheers!!!

Posted by eht6769 > 2013-11-06 15:52 | Report Abuse

must confident what you have choose

Posted by SUPERDADDY > 2013-11-06 16:21 | Report Abuse

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!!!

Posted by eht6769 > 2013-11-06 16:32 | Report Abuse

good & cheers

Posted by SUPERDADDY > 2013-11-06 16:55 | Report Abuse

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!!!

Posted by eht6769 > 2013-11-06 17:01 | Report Abuse

4.90 rise 7.69%....HK keck Seng perform today

Posted by leslieroycarter > 2013-11-06 17:19 | Report Abuse

anything to do with hk kseng ? or our kseng owned hk kseng ? can u give me the percentage of shareholdings?

Posted by eht6769 > 2013-11-06 17:46 | Report Abuse

fully support good analysis

Posted by eht6769 > 2013-11-06 17:46 | Report Abuse

both counter start to moving .....is time right come

Posted by prudentinvestor > 2013-11-06 19:54 | Report Abuse

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.

Posted by leslieroycarter > 2013-11-06 21:14 | Report Abuse

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!

Posted by 12wells70palms > 2013-11-06 23:58 | Report Abuse

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.

Posted by eht6769 > 2013-11-07 10:15 | Report Abuse

HK Keck Seng Keep moving up

Posted by eht6769 > 2013-11-07 10:21 | Report Abuse

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

Posted by eht6769 > 2013-11-07 10:44 | Report Abuse

Wah HK keck Seng keep on moving rise 0.35

Posted by eht6769 > 2013-11-07 10:46 | Report Abuse

10% rise HK

Posted by eht6769 > 2013-11-07 10:56 | Report Abuse

http://www.google.com.hk/finance/historical?q=HKG%3A0184&ei=KwF7UqChKczrkwXpBg

HK keck recently volume keep rise on

Posted by SUPERDADDY > 2013-11-07 14:38 | Report Abuse

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!!!

Posted by eht6769 > 2013-11-08 08:51 | Report Abuse

Must confident kseng .. Will move on again

Posted by SUPERDADDY > 2013-11-08 09:42 | Report Abuse

Hopefully the sellers will be cleared by this afternoon 3pm. Cheers!!!

Posted by malaysiaboleh > 2013-11-08 09:46 | Report Abuse

7.35 I support .. Superdaddy and eth6769 .. pls support too.