Buying into KSENG is basically paying RM3.65 for a share that has cash equivalents of RM2.60 per share, net asset almost RM6/share. Most of their losses stem from their idle hotel and hospitality businesses. Patience is a virtue.
Directors not recommending payment of interim dividend again. Had they been more proactive, they would have invested some of Keck Seng's huge cash stockpile over the past 18 months and reap huge profits.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 304 views | 2 d ago
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11526 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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
160 posts
Posted by Superdaddy > 2021-01-01 15:02 | Report Abuse
Wah! Happy to see both my favorite sifus paying a visit to this deeply neglected laggards for many years liao loh. Cheers!!!