This is my layman calculation! ................... This time around is real , very real coz its undervalued assets resurfaced again ! Its cash has risen to a tune of 1200 millions to be distributed to 361 millions shareholders . If you are buying into kseng now at 6.50 ,actually you are buying only RM 3.17 / share less the 1200 mi/361 mi which is equivalent to RM 3.32/share for the kseng real estates , undervalued assets , fixed deposits , properties, hotels and resorts , bonds , stocks and shares for a mere RM3.17/share which translates to 3.17*361 millions arriving at 1.144 billions for this KSENG REAL ESTATES ? It is real dirt CHEAP AND REAL OFFER OF THE YEAR IN BURSA ! LIKE IT OR NOT , IT WILL BE A RISING STAR IN BURSA 2014. Happy trading ...attached with a disclaimer .
leslie, don't confuse retained earnings with cash and bank balances. Keck Seng has retained earnings that almost reached RM 1.3 billion as at 30/09/13 but its net cash is still around RM 920 million. The company could have used money from its retained earnings to buy assets, like land or building or both or for some other purposes. KSL had retained earnings of over RM 600 million but cash of just over RM 20 million three years ago. Keck Seng's net cash could reach the RM 1.2 billion mark in 2 years if its directors continue to be stingy with dividend payment. Keck Seng does not have 361 million shareholders. Our population is only 28 million. Even the largest listed companies in the world are unlikely to have more than a million share holders. A big company like Sime Darby only has just over 29,000 shareholders. Some one wrote on this topic only a month ago.
I never mentioned 361 million shareholders but shares . A layman would differentiate shareholders and trading shares denominated in 1000 units equal to 10 *100 shares . It is better talking in layman language to put h message across. no point in arguing coz agree and disagree is the norm of the day...
why is Keck Seng classified under "Industrial Products". It is about time the Company be re-structured into two separate entities namely > "Property" and "Plantation"
if the calculation is wrong , do amend it ....to me either retained earnings or cash , it means the same" cash " to me . This is the real money not borrowings...
leslie, when a company has a lot of retained earnings, it doesn't mean it ought to have a lot of cash as well. KSL possesses over RM 1 billion in retained earnings but has only RM 112 million cash holdings. If you deduct KSL's borrowings of RM 200 million, the company is actually in debt to the tune of almost RM 90 million.
@prudentialinvest – KS @negative cash RM90mil? 2012 audited rept KS Net free CA (current asset) per share is RM2.58 (Total CA less Total Liability) and Net Free Cash RM1.809 per share (Cash+derivative less total liability). Understand the nos. is improving year by year. Are we on the same page?
Which company are you referring to? Keck Seng or KSL Holdings? I only know that KSL has long term + short term borrowings of RM 209 million and total cash of RM 112.7 million.
There were a lot of talks about KSeng having lots of tax credit with the Inland Revenue to be used for the payment as special dividend to its shareholders before the end of 2013.
We are well into 2014 and nothing happen in this respect. The management of KSeng is the most stingy when it comes to dividend payment. The company has a hugh amount of cash but do not know what to do with it except to put it in the form of fixed deposit with some banks.
Unless there is a change of guards at the top, KSeng is likely to continue to frustrate its minority shareholders. What a shame!
greatfunds, Keck Seng Investment HK was not listed as an associated company of Keck Seng in its latest annual report. Keck Seng's profit for the year ended 31/12/13 should come up to at least 43.5 sen per share or an improvement of more than 80% over last year's earnings. So just wait for a huge spike in Keck Seng's share price after its latest financial result is announced.
oil palm price will come down drastically because there will be no takers after the implementation of environmental impact for crops grown on jungle clearing and peat soils in 2016? A ploy by the industrialised countries and EU?
that case involve only Sarawak, rather confusing, everyday new statement, better don't touch rsawit, jtiasa, sop, wtk, taann, thplant until the dust settle down.
there r many other not involved like this one, ioi, hapseng etc etc. ctrs with exposure in indon better with diesel policy. yr $ yr choice!
extract: Highlights / Stock Picks of the Day - Keck Seng Malaysia (KSENG) - Not Rated
Author: kiasutrader | Publish date: Fri, 7 Feb 09:33
After a sharp decline from its peak (RM8.00), KSENG finally found its crucial support at RM6.00. The stock is heavily oversold as it currently stayed below all its short, mid and long-term SMA levels. Key momentum indicators showed that the bearish downward momentum is gradually waning and KSENG is poised to stage an oversold rebound from the current level. A bullish “Marubozu” candlestick has taken shape on the daily chart, signalling that the stock is likely to extend its gains in today’s trade. Should the rally turn out to be more than just a flash in the pan, KSENG could extend its upward move and retest the RM6.51 immediate overhead resistance over the next few days. On the flipside, traders should view any retracement of share price towards the RM6.00 support as an opportunity to buy on weakness.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
iafx
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Posted by iafx > 2014-02-07 15:39 | Report Abuse
cpo steady up $15, technically looking to break $2600...