KECK SENG (M) BHD

KLSE (MYR): KSENG (3476)

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Last Price

5.72

Today's Change

-0.01 (0.17%)

Day's Change

5.69 - 5.73

Trading Volume

34,700


8 people like this.

3,488 comment(s). Last comment by prudentinvestor 10 hours ago

Posted by leslieroycarter > 2018-02-22 18:00 | Report Abuse

The present set of management is only good in taking fat salaries n Big allowances. Nothing in their minds to safeguard the interest of minority shareholders.

Posted by leslieroycarter > 2018-02-22 18:02 | Report Abuse

Old timers who hold for more than 20 yrs are suffering fr the serious loss in stock price as well as poor dividend. No ending misery.

Posted by prudentinvestor > 2018-02-24 14:29 | Report Abuse

Final quarterly results will be announced within the next few days. Huge losses again this quarter due to the rising Ringgit.

cefiro22

383 posts

Posted by cefiro22 > 2018-02-28 15:23 | Report Abuse

Losses or Gains....for every stock listed, there is a "value" placed on it's head....so is Keck Seng.

It could very well be an opportunity now to collect when the Company announces "huge losses...

At 15:05:52 PM 4.520 100,000 Seller price taken in one block. The buyer seems oblivious of the impending losses.

tt101

1,298 posts

Posted by tt101 > 2018-02-28 17:58 | Report Abuse

ok mah, loss 0.3 sen nia

fkser

622 posts

Posted by fkser > 2018-02-28 19:04 | Report Abuse

LoL

Posted by prudentinvestor > 2018-03-02 10:45 | Report Abuse

Total foreign exchange losses, realised and unrealised amounted to just over RM70 million last year but its unrealised gain on share investment exceeded RM195 million. NTA still increased by 47 sen.

fourM

232 posts

Posted by fourM > 2018-03-02 14:22 | Report Abuse

prudentinvestor - this RM195m is part of the comprehensive income recognized on P& L right?

Posted by prudentinvestor > 2018-03-02 15:19 | Report Abuse

Not recognised unless the shares are disposed.

fourM

232 posts

Posted by fourM > 2018-03-02 22:32 | Report Abuse

Tqvm

SUPERDADDY

400 posts

Posted by SUPERDADDY > 2018-03-13 16:27 | Report Abuse

Entered into agreement to invest in French hotel group Accorinvest Group s.a.for about 25 million Euro last week.Can anyone give some comments on such investment? Cheers!!!

fourM

232 posts

Posted by fourM > 2018-03-13 18:01 | Report Abuse

25 Million Euro invest is equivalent to how many % of equity interest of Accorinvest Group? Capitalisation of Accorinvest today is € 13,444,875,924..........25 million means less than 0.2%; dividend yield at 2.33% - 2.96 for year from 2014-2016

Imemyself

40 posts

Posted by Imemyself > 2018-03-15 12:12 | Report Abuse

The money invested in Accorinvest Group is better than siiting in the bank since there is no plan to reward minorities.

Posted by prudentinvestor > 2018-03-20 09:16 | Report Abuse

Don't sell your Keck Seng shares at this level. Keck Seng's cash and value of share investments are already worth well over RM4 per share. You get the rest of KS's assets free, absolutely free. These include Menara Keck Seng, Regency Tower, 9,000 acres of plantation land, 1,000 acres of housing/commercial land, hotels in Toronto and Hawaii etc.

cefiro22

383 posts

Posted by cefiro22 > 2018-03-20 20:24 | Report Abuse

If you say "don't sell"...therefore, can buy..and someone so desperate sold 4 lots to me at 4.18..this morning at 11 am - no one knows where the "bottom is. Keck Seng has never "behaved" like this before..lol!!

fourM

232 posts

Posted by fourM > 2018-03-21 08:38 | Report Abuse

Agree to prudentinvestor; cefiro22, and his counter require to hold and patient, those without this and do not have holding power and do not confident to what the value of the company will sell. Now is very good entry point ........

cefiro22

383 posts

Posted by cefiro22 > 2018-03-21 14:01 | Report Abuse

Yet again Sellers threw to Buyer at 4.18...when Keck Seng price is at an all-time 4 year new low, notwithstanding the fact that NTA has increased from 5.08 to 6.16 now. Lelong time is time to buy and hold.

Jon1036

30 posts

Posted by Jon1036 > 2018-04-06 11:48 | Report Abuse

KSENG is at an all time low? Good time to accumulate more??

Posted by leslieroycarter > 2018-04-09 17:55 | Report Abuse

Those counting chicken before eggs will face a bleak future esp with this stock. Counting assets, reserves , asset backing etc will happen when the company fold up. This can never happen coz major shareholders controlled the co more than 70% .... They are hoping selling lower and they can accumulate more into their coffer . No way the minority shareholders will get a fair share of the company.

cefiro22

383 posts

Posted by cefiro22 > 2018-04-09 20:37 | Report Abuse

The owners of Keck Seng have not done any "share buy-back" at all in the last few months in spite of the share price hitting new lows. Let's hope they dont have any motive at all to "privatize" the Company,instead let it coast along with market forces. At this price of RM4/-, the dividend yield over a 6-month period is respectable with another 4% interim to be declared later.

Posted by jordanmaggie61 > 2018-04-13 16:17 | Report Abuse

Minggu

LimKL1

298 posts

Posted by LimKL1 > 2018-04-13 16:31 | Report Abuse

We on the War

Posted by watchdog88 > 2018-04-19 12:38 | Report Abuse

Have a feeling somebody is trying to suppress the price with an unfriendly agenda ! Watch out, folks ! Must attend the coming AGM to question the management !

apolloang

18,163 posts

Posted by apolloang > 2018-04-19 12:41 | Report Abuse

good stocks no up one,only cronies and junk stocks can up on scam bursa

Posted by watchdog88 > 2018-04-19 12:42 | Report Abuse

The management are having a good time enjoying all the benefits giving the minority with crumbs. If don’t have big plan investing then should have better dividend instead of leaving big cash reserves in Co for years !

cefiro22

383 posts

Posted by cefiro22 > 2018-04-19 16:26 | Report Abuse

Hi 'watchdog88'...Thank you, I agree.
Would you please care to contact an officer at MSWG Malaysia.
I have earlier expressed my request for them to attend KSeng AGM, but they are not interested. Would you please care to try. Thanks...
http://www.mswg.org.my/

Posted by watchdog88 > 2018-04-20 12:35 | Report Abuse

MSWG won't go because AGM held in JB. Maybe they purposely do that to stop minority shareholders from attending AGM and ask questions. Concern shareholders should make a trip there to protect your interest instead of being taken for a fool. Chin Teck Plantations majority shareholders also Singaporean but every year they hold AGM in KL. Very professional !

Posted by prudentinvestor > 2018-05-31 09:54 | Report Abuse

Keck Seng's management isn't proactive. Its manufacturing division has been losing money for at least two years, with no turn around on sight. It is a burden to the company and should just be hived off.

fourM

232 posts

Posted by fourM > 2018-05-31 11:27 | Report Abuse

look at the report, manufacturing division mainly lost on forex. Management look like poor in managing the forex.transaction;

And poor in managing cash in bank, as yearly return from money market and fixed deposit with license bank at less than 2% p.a. while now bank FD rates at approx. 4% p.a.; And there are many counter in Bursa offer yearly dividend yield above 5%p.a., Management said keeping cash are for investment opportunity but referring back few year ago buying spring hill in New York spent less than RM30 mil cash in hand, and recently invest in Accorinvest which only required Euro 25 mil but with unclear and uncertain return, but only have bigger "explosure" but Eure 25mil represent how many percentage equity on Accorinvest? and what is the future benefit company can gain and explore from the investment?;


based on the cash flow statement and compare for the past 10 years movement, 100 mil is enough for yearly working capital (not including money in property development account), so management should looking at maximizing return on cash in bank/deposit/money market and shouldn't satisfied at 1.5%-2% annual return

for Hotel division always highlighted that poor performance mainly due to renovation/upkeep and competition. Tanjung Puteri Resort also, having poor result for many year, despite management keep saying making effort to improving the performance but yet still no improvement.;

as per quarterly report, company are highly under value by market, Cash & investment in security at approximately RM4.3 per share (excluding estate, hotel, resort and other net current assets). while market now trade at RM4.00 - RM4.10 per share. hope management really have good plan for the Company to improve EPS, dividend yield, and market value.

beside above, company are healthy.

above just my personal view as investor and small shareholder; of course, Management/board of director are the one more understanding and know more about the company.

Jon1036

30 posts

Posted by Jon1036 > 2018-06-19 09:41 | Report Abuse

Hi everyone, any feedback and opinon on this share?.....

Imemyself

40 posts

Posted by Imemyself > 2018-06-25 08:54 | Report Abuse

Oops this share still zzzz....

Diamond7

2,375 posts

Posted by Diamond7 > 2018-07-14 22:11 | Report Abuse

Just wait patiently......

fourM

232 posts

Posted by fourM > 2018-07-17 14:13 | Report Abuse

everyone here are very patient and so quiet

k3nthiew

518 posts

Posted by k3nthiew > 2018-07-20 11:42 | Report Abuse

Based on the past cases got through, this kind of high intrinsic value company normally get price suppressed for a period and then the major shareholder will come out and make a general offer to take the company private. Kseng's case maybe around rm6-7, which is way higher than current price, but far below its value.

fourM

232 posts

Posted by fourM > 2018-07-22 16:08 | Report Abuse

so when major shareholder offer at cheap price, don't accept the offer

cefiro22

383 posts

Posted by cefiro22 > 2018-07-31 09:30 | Report Abuse

BOD of K.Seng ...please take note. What you receive, you also give>>

http://www.theedgemarkets.com/article/chin-teck-declares-special-interim-dividends

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-07-31 09:58 | Report Abuse

Good stock !!

Diamond7

2,375 posts

Posted by Diamond7 > 2018-08-08 15:33 | Report Abuse

Directors.
Chintek good profits n high dividend.
when are you giving us bonus. share split and higher dividend?
Be good to all the faithful shareholders please!

fourM

232 posts

Posted by fourM > 2018-08-08 23:34 | Report Abuse

Strong USD vs weak RM may assist board of director to improve their performance while without doing any addition effort

k3nthiew

518 posts

Posted by k3nthiew > 2018-08-28 09:45 | Report Abuse

Daiman major shareholder has made offer to takeover the company, some Singaporean property company like LTC and Wheelock Properties also been took over by their major shareholder. Kseng will be another by soon or later.

Posted by jordanmaggie61 > 2018-08-28 10:08 | Report Abuse

Good stock, make huge profit !

SUPERDADDY

400 posts

Posted by SUPERDADDY > 2018-09-03 16:43 | Report Abuse

Keck Seng has been hibernating for too long already. Time to move up soon.

SUPERDADDY

400 posts

Posted by SUPERDADDY > 2018-09-04 08:14 | Report Abuse

Cheers! Kseng!Go!Go!Go!

Ali Yeap

40 posts

Posted by Ali Yeap > 2018-09-04 12:02 | Report Abuse

time to move

fourM

232 posts

Posted by fourM > 2018-09-04 23:23 | Report Abuse

Don't be too early to exciting, or else you will be disappointing soon. If you are Kseng follower, you should know that you are owning a share that worth RM20 but price at RM4+ now only. And please wait ........wait ........and wait only

If you are not Kseng follower, then you should exciting now, as you still have chance to pay only Rm4+ to own a share worth RM20. And then join Kseng current follower to wait together...... Wait for durian drop

hhtyms

15 posts

Posted by hhtyms > 2018-09-12 16:18 | Report Abuse

The proposed 3rd link of Johor/Singapore passes through the plantation land of KSM and once approved, will enhanced the NTA of this company. BOD of this company noted and action taken???

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-09-14 11:24 | Report Abuse

Never regret for buying this stock, profit is real

fourM

232 posts

Posted by fourM > 2018-09-15 09:47 | Report Abuse

Ya profit is real, as all turned to cash as shown on Balance Sheet for display purposes only.....

SUPERDADDY

400 posts

Posted by SUPERDADDY > 2018-09-26 12:45 | Report Abuse

HOPE IT WILL CONTINUE TO CLIMB IN THE NEXT FEW SESSIONS.CHEERS!!!

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