The timing isn't good this time. We have the stand off between Western powers and Russia over Ukraine, concern over China's economic outlook. Tokyo dropped by 2.6% today and HK has dropped 1.53% so far. Keck Seng also went up very strongly during its recent bull run amid poor market sentiment. It is likely to be the same again this time.
the possibility of war due to Ukraine is near zero. study the area history & economy structure will help u to understand why. some ukrainean thought EU will bail them out, they don't know what happen to Greece yet, esp Germany way of doing thing. there might be however; some exchange between Ukraine and Russia proxy troops as tension goes.
Keck Seng price movements looks quite similar these couple of days. After losing about 8 cts before lunch, it recouped all losses and trying to remain unchanged now. Hope that there'll be some major news in the pipeline for all bravehearts. Cheers!!!
chartwise , kseng looks very positive and its price may swing up or gap up with no prior indication coz volume is constant but price is stabilised around the same range. Many start collecting when it touched RM 6.00 and now is centred around RM7. Many are hopeful that it may swing upwards with vengeance!
Next month, is the dividend announcement month. Hope it will be a surprise dividend pay-out as they have been quite consistent paying between RM0.10 to RM0.12 cts per annum on its dividend disbursement which is quite reasonable. Cheers!!!
yes, usually end of April declaring 6 cts ( this time around whether is the same or higher is yet to know plus other good news ?) and Ex- in the beginning of July each year . many hopefuls are waiting for the bumper dividend?
Keck Seng Inv (HK) have been actively traded lately with upward swing and holding firmly above the RM6.00 level of late. Hope there's some spill over effect on our very own local Keck Seng. Cheers!!!
have not given up this stock yet...this time round most of us expect that special bumper dividend to be declared out of the "tax credit" that was reported in Nanyang...so we wait patiently for this year-end special dividend announcement, if none, the share price will gradually drift back down.
From what I understand, any Tax Credit accumulated to Year-End Dec., 2013 in the Accounts, must be paid out, or get forfeited. Please correct me if this info is wrong. Thanks.
More than 6k queing shows the huge confidence and support towards the most undervalue stock in Bursa at the current moment. Anything belowRM8 is still a good buy.Cheers!!!
kseng is fairly valued so not much upside expected....vol n price is constant . div is 10-11 cts flat p.a. If u r going for real long-long term, this may be your counter. day traders better avoid this one coz u may be trapped for another 10 yrs. No joke! So please forget totally on kseng....
Every wise person has their own view in term of investment either short or long term. Whatever it is, with Keck Seng, we can always sleep with ease. Cheers!!!
Yes...money is not everything, making "quick money" is not for a stock like Keck Seng. Have faith, slow and steady, this stock "will work for you". You wont make fast bucks but you will live longer with less stress. I am now hoping for that bumper special dividend, after buying and holding. If it comes, well and good. If not...?? You think the Directors would be so mean to forfeit that "tax credit"?
cefiro22, The Directors had already forfeited the "tax credit" when they failed to declare a special dividend to Keck Seng's share holders to use up the company's 108 balance which amounted to over RM 300 million as at end of 31/12/2013. It is all history now and every company including Keck Seng has to pay net dividend, no more franked dividend where 25% tax was deducted and you could claim a portion or all of the tax deducted from the Inland Revenue Department.
prudentinvestor...tq for you comments. I am still hanging on to the last glimmer of hope that the "tax credit" has not been forfeited till after this year-end account to Dec 31-2013 has been audited and compiled and can be announced and paid when the annual report is released anytime now.
It is a big pity that many investors still don't have a clear understanding of the so called "tax credit" or the 108 balance. When Keck Seng failed to make full use of its "tax credit" to pay franked dividends to its shareholders by the 31/12/13, it didn't mean that the company had to surrender its 108 balance ( over RM 300 million for which corporate tax had already been deducted) to the IRD. It is crazy to think this is so.
Yes you can repeat that again....and I am one included among the many that I have tried to ask for clarification including the accountants. With this info...and price seems to stabilise at RM7.00....ok to sapu some. Thanks.
With the introduction of the Finance Act 2007 gazetted in December 2007, companies could no longer pay franked dividends to their shareholders effective 2008, except for companies which still had credit in the 108 Balance (Keck Seng being one of them). However, such companies were given until the 31/12/2013 to pay franked dividends to their shareholders after which this right would be forfeited. Actually this Act was introduced to stem the loss of tax revenue. Now suppose a company made RM 100 million in 2007 and paid 25% corporate tax. The company then declared RM 100 million gross dividend to its shareholders and assuming all its shareholders were retired people. Can you imagine the scenario? The shareholders would only receive RM 75 million in total and would claim back the entire RM 25 million which the company had paid from the IRD. How much did the Government receive in tax revenue from the said company? NOTHING.
Keck Seng is expected to announce the company's final dividend for the financial year ended 21/12/13. No one knows exactly how much its conservative and stingy directors would declare but there could be another round of speculative play. So just be patient.
No matter how stingy or conservative the directors are, they will have to give out something special either this or next year to appease all its long waiting shareholders as the cash coffers almost burst up to the RM1 billion marks in the next couple of quarters.Cheers!!!
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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....
SUPERDADDY
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Posted by SUPERDADDY > 2014-03-11 14:50 | Report Abuse
Keck Seng!Keck Seng!Go!Go!Go! Cheers!!!