kseng EPS double this year to 46.62 (23.44 @31/12/2012) , PE 14.05 (27.66 @31/12/2012) DY 3.41% (1.55% @31/12/2012) and NABRM 5.32 (RM5.12@31/12/2012).....As expected earnings doubled n share price expects to double as well................!
Many forummers have given up on this counter due to its slobut to all firm holders, please be patient as we shall be rewarded amply very soon. Cheers!!!
Yeah we are patiently waiting. Maybank has issuied structure warrant at 15sen. 15 warrant plus exercise price of 7.65 means those who buy warrant think the price is worth about RM 10. Maturity date for call warrant is November 2014. Come on KSeng time to wake up
It will wake up but we dunno when. Hopefully when the 4th Qtr results are announced, things will start to turn brighter in the next couple of sessions. Cheers!!!
Net earnings at 41.3 sen aren't particularly impressive but are commendable, 80% more than last year. Keck Seng made RM 26 million from divestment of listed company shares (non last year) and RM 10.3 million from government compensation for compulsory acquisition of 38 acres of its plantation land ( also non last year). It has no more borrowings now. Its net cash and investments in listed company shares are worth RM 3.83 per share.
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.
THe results is commendable in view of the current market outlook. Being cashrich with RM917 million it will fall under many investor radar soon. Cheers!!!
KECK SENG INV (HK)LTD TOUCHED HKD6.50 PER SHARE TODAY. HOPE THERE'S SOME POSITIVE NEWS IN THE PIPELINE FOR KECK SENG GROUP OF COMPANIES ESPECIALLY KECK SENG (MALAYSIA) BHD. CHEERS!!!
The accumulative appreciation up to 25% of KS I (HK) LTD price over the few days could have been merely stimulated by the news that its plaintiff on Vietnam court case had revoked all action against KS I (HK) subsidiary which carried a demanding sum amounting to USD 55 Million
The Vietnam court case has already been announced 2 months ago via their Circular dated 03-01-2014. Hopefully further good news will drive up the price further and boost up our Keck Seng (M) value as well. Cheers!!!
strengthening of stochastic , %Khigher than %D , volume ups , look like the share is moving now...may go up 7.50 in near term , longer term should be higher. may be this is the beginning of Fibonacci and Elliot bullish 1st wave...
prudentinvestor Maybank has valued KSeng at around RM 10 with 15 call warrants at 15sen each plus exercise price of 7.65 maturing in November 2014. 15*15 = 2.25 + 7.65 = 9.90. It's coming have patient.
Hope its will have a slow and steady rise this time around. If too fast, many will jz hit and sun and it become a one day affair again. Anyway, its feeling so good to see my favourite stock fluorishing again. Cheers to all patient investors!!!
Keck Seng should not be listed under "Industrial Products". Look forward to its "restructuring" exercise to hive off it Plantation Division so that it will be listed under that category on its own.
How can one be wrong investing in counters like KSeng - cpo price is up, land near EcoWorld has appreciated which great potential, thousand of hectares of land near Iskandar at book value iwhen first bought,cash and equity over 1billion, Maybank have evaluated share to be worth 9.90 with their call warrant, strong possibly of special dividend etc. True value is emerging.
Keck Seng's performance will surprise every one again this time. Who would have expected its share price to breach past the RM 7.00 barrier during the counter's bull run 4 months ago? Yet it almost touched RM 8. With two big time and established developers building big townships adjacent to Keck Seng's plantation land, Keck Seng's share price should reach uncharted territories. * This is not a recommendation to buy KS shares.
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....
leslieroycarter
5,777 posts
Posted by leslieroycarter > 2014-02-19 11:38 | Report Abuse
For Kseng 31 days chart , still intact...?