KECK SENG (M) BHD

KLSE (MYR): KSENG (3476)

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Last Price

5.92

Today's Change

+0.14 (2.42%)

Day's Change

5.82 - 5.92

Trading Volume

41,600


8 people like this.

3,452 comment(s). Last comment by prudentinvestor 8 hours ago

Diamond7

2,321 posts

Posted by Diamond7 > 2015-07-21 20:46 | Report Abuse

Dear directors, please reward us with bonus, share split and warrants!!!

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-07-21 21:05 | Report Abuse

Is this the cheapest stock in Bursa?

calvintaneng

56,156 posts

Posted by calvintaneng > 2015-07-21 22:16 | Report Abuse

No. The cheapest is Mulpha.

calvintaneng

56,156 posts

Posted by calvintaneng > 2015-07-21 22:18 | Report Abuse

I bought KSeng at Rm2.60 and Mulpha was Rm4.50.

KSeng up 100% to Rm5.20 while Mulpha crashed more than 90% to below 40 cents. So to me Mulpha is dirt cheap now!

limayseng

2,076 posts

Posted by limayseng > 2015-07-22 11:30 | Report Abuse

the future is that kseng landed asset will be acquired by state government n the compensation is around RM 8.50 per ft2 for 1700 acres in Masai, Pasir Gudang...

nardev

14 posts

Posted by nardev > 2015-07-23 09:33 | Report Abuse

Somebody seem to play trick on this counter, every early mn just let go 0.1 lot to any buying q price to depress the price

Posted by prudentinvestor > 2015-07-24 15:51 | Report Abuse

Calvin, when did Mulpha go up to RM4.50? The highest level it went up to was RM2.00 achieved in May 2007. Mulpha's total debt exceeds RM2 billion. Never invest in a heavily indebted counter.

cefiro22

383 posts

Posted by cefiro22 > 2015-07-28 10:03 | Report Abuse

re posting by "nardev" above...good observation. Yesterday they threw 1 to me at 5.31 (11sen below the closing price). Later in the day, threw 4 lots to make it close at 5.28. This morning opening, I got 1 at 5.19 and threw the balance later, making KSeng one of the Top Losers....Why try to "suppress" the price".What's cooking...any idea??

nardev

14 posts

Posted by nardev > 2015-07-30 10:54 | Report Abuse

ya, this is the daily movement of Keck Seng , something fishy .

Posted by prudentinvestor > 2015-07-30 15:47 | Report Abuse

This is the problem with thinly traded counters. Shares prices can be easily manipulated. Just buy at this level.

nardev

14 posts

Posted by nardev > 2015-07-31 09:35 | Report Abuse

slowly accumulating !

Posted by prudentinvestor > 2015-08-10 10:35 | Report Abuse

Every single sen drop in the value of the Ringgit against the Singapore Dollar translates into several million Ringgit gain for Keck Seng.

ykloh

514 posts

Posted by ykloh > 2015-08-11 00:20 | Report Abuse

the ho family which controls ks is looking from the other end of the telescope because most of family are singaporeans. btw at least one of them is among the top 50 richest man in singapore.

cefiro22

383 posts

Posted by cefiro22 > 2015-08-18 10:12 | Report Abuse

ykloh...re telescope, you are right. some share holders have also done same, just threw
outright to the buyer one block of 9 lots at 4.66 at time = 9:22:12am, a while ago today.

Posted by Aldrin Chan Wei Yin > 2015-08-18 22:08 | Report Abuse

Must have a lot of patience for this counter.

Posted by prudentinvestor > 2015-08-20 18:38 | Report Abuse

Just pick up 1,000 shares each time it drops by 20 to 30 sen. Looking at the trend, some hands are trying to push its price further down. Just can't understand why investors are willing to sell such a cash and asset rich counter.

Posted by prudentinvestor > 2015-08-21 10:35 | Report Abuse

Ha, ha, I hope there are more investors like you so that I can make more money. Keck Seng's cash holding and the value of the shares it holds (assuming its value has dropped to RM 350 million) are already worth RM 3.75 per share. If you look through the analysis of shareholdings 2014, only one royal family member, Tunku Zahrah Bte Tunku Osman (Sultan's cousin) holds 1.545 milliom Keck Seng shares. I don't know if any other Johor royalty holds any Keck Seng shares. For sure, they won,t sell shares in the open market. The drop in Keck Seng shares is due to the drastic fall in CPO price.

cefiro22

383 posts

Posted by cefiro22 > 2015-08-23 10:30 | Report Abuse

Let us be fair to his comment (re the selling by Johore Royal) that has depressed KSeng)... is this true? Let us establish that first, how? ie a few million to be sold. He has a point, but let us not "rubbish" him unless we know the FACTS! The stock market is filled with irrational investors and punters who are prepared to simply dump value shares at any price. I agree KSeng is one of them, a gem to be picked at these prices, never fear even it may drop to below 4/-

Posted by prudentinvestor > 2015-08-23 18:19 | Report Abuse

Keck Seng dropped heavily over the past few weeks simply because the market sentiment was extremely bad. CPO also dropped heavily by more than 10%. Keck Seng has over RM 620 million cash hoard in Sing and US dollars, roughly in the ratio 55 to 45.

Posted by leslieroycarter > 2015-08-25 12:25 | Report Abuse

latest ....1700 acres of kseng 's land supposed to be acquired by govt has now put on hold....coz govt no money liaso...so kseng's land is intact at the moment...

Vaylens Chong

1,120 posts

Posted by Vaylens Chong > 2015-08-25 12:26 | Report Abuse

kek seng kek sei ar~!!!!!!!!!!! name no good!!!!

Up_down

4,320 posts

Posted by Up_down > 2015-08-25 12:30 | Report Abuse

Bargaining time. Wait it to drop another 10%.

Vaylens Chong

1,120 posts

Posted by Vaylens Chong > 2015-08-25 13:18 | Report Abuse

Good result but drop?!

Posted by prudentinvestor > 2015-08-25 16:35 | Report Abuse

As at 31/12/14, Keck Seng had RM 370 million of it cash in Sing Dollars and another RM 260 million in US Dollars. Sing Dollar has appreciated by about 11% against the Ringgit since the beginning of the year while the US Dollar has appreciated by 18%. The foreign exchange gain of Keck Seng's cash now exceeds 85 million. The company only reported a foreign exchange gain of RM 23 million for the first half of this year.

Posted by Aldrin Chan Wei Yin > 2015-08-25 21:52 | Report Abuse

Good foreign exchange hedge/ position.

cefiro22

383 posts

Posted by cefiro22 > 2015-08-26 08:58 | Report Abuse

All that cash hoard that KSeng has gained by keeping in Sing $ and USD only gives one a good feeling, see but cannot touch. what for?? Will the Company reward shareholders with a special dividend. Why keep so much to make the books/balance sheet looks good. A question that ought to be raised at the forthcoming AGM. Unfortunately the MSWG with whom I brought this issue of the KSeng cash hoard and the miserable dividend, was not prepared to attend the AGM. I have to try again. Can anyone out there also pursue this matter with the MSWG?

Posted by Aldrin Chan Wei Yin > 2015-08-26 13:35 | Report Abuse

Perhaps they will pay after gaining / cornering the counter ( nearing 75% ).

Posted by leslieroycarter > 2015-08-27 15:09 | Report Abuse

promote overseas buyers buying up this co....n later sell into strength.....

Posted by Aldrin Chan Wei Yin > 2015-09-03 22:42 | Report Abuse

Slowly moving up.

Posted by prudentinvestor > 2015-09-05 23:30 | Report Abuse

Keck Seng is definitely a good, long term buy at this level.

Posted by leslieroycarter > 2015-09-11 12:07 | Report Abuse

Thursday, 10 Sep 2015

5:48PM KSENG 99,400 shares purchased into treasury

Wednesday, 9 Sep 2015

5:56PM KSENG 6,100 shares purchased into treasury

Tuesday, 8 Sep 2015

5:53PM KSENG 36,900 shares purchased into treasury

Monday, 7 Sep 2015

6:12PM KSENG 8,000 shares purchased into treasury

Thursday, 3 Sep 2015

6:08PM KSENG 26,000 shares purchased into treasury

Posted by leslieroycarter > 2015-09-11 12:08 | Report Abuse

buy back time....

Posted by prudentinvestor > 2015-09-11 17:24 | Report Abuse

Keck Seng's foreign currency holding, RM 260 million in US dollars and RM 370 million in Singapore dollars has now appreciated by a total of over RM 100 million, equal to EPS of 27.7 sen.

ckwan11d

567 posts

Posted by ckwan11d > 2015-09-11 18:25 | Report Abuse

How do you know? Please tell us.

ckwan11d

567 posts

Posted by ckwan11d > 2015-09-11 18:26 | Report Abuse

From Annual Report?

Posted by prudentinvestor > 2015-09-11 23:27 | Report Abuse

Page 110 of Annual Report 2014.

ckwan11d

567 posts

Posted by ckwan11d > 2015-09-12 10:03 | Report Abuse

prudentinvestor, TQVM. I got it.

Posted by Aldrin Chan Wei Yin > 2015-09-15 01:19 | Report Abuse

Good counter for the long term player.

ckwan11d

567 posts

Posted by ckwan11d > 2015-09-16 10:32 | Report Abuse

For the 6 months ended 30 Jun 2015, 'interest income' was RM8.50 million and 'foreign exchange gain' was already RM23.0 million.

Posted by prudentinvestor > 2015-09-16 12:18 | Report Abuse

As of end 2014, US$ 1=RM 3.50 and Sing$ 1 =RM 2.65. Just calculate the total foreign exchange gain.

Posted by Aldrin Chan Wei Yin > 2015-09-18 11:33 | Report Abuse

Prudent, extra careful business people - Keck Seng.

Posted by prudentinvestor > 2015-09-30 20:17 | Report Abuse

I am afraid you have counted Keck Seng's share buy back twice. After Keck Seng has bought back its own shares for several days, it will make another announcement, giving the total number of shares it has bought over a certain period.

SUPERDADDY

400 posts

Posted by SUPERDADDY > 2015-10-01 16:20 | Report Abuse

Hi fellow forummers, anybody bought Keck Seng recently? Can made some coffee money now with their continuous share buy back. Cheers!!!

SUPERDADDY

400 posts

Posted by SUPERDADDY > 2015-10-01 17:15 | Report Abuse

With plenty of SGD deposits, as well as its holdings of some plantations, healthcare and hotel stocks which is performing moderately well, it is expected to announce another commendable results in the 3rd qtr. Cheers!!!

Wowalk

110 posts

Posted by Wowalk > 2015-10-02 06:41 | Report Abuse

If announce higher dividend or bonus then would be better

zzas

151 posts

Posted by zzas > 2015-10-02 12:45 | Report Abuse

keck seng director very stingy one..lot money but never reward cow-cow to shareholders..

Posted by prudentinvestor > 2015-10-02 21:34 | Report Abuse

Keck Seng's foreign exchange gain has now exceeded RM 120 million.

limayseng

2,076 posts

Posted by limayseng > 2015-10-06 09:40 | Report Abuse

stingy management ....it has turned out to be dead counter . I think no point in holding anymore coz v little div n can't see any prospects of turning your investment in multiples...

Posted by prudentinvestor > 2015-10-06 10:13 | Report Abuse

If you had bought at below RM 4.4 just over a month ago, you would have over 10% net profit by today.

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