Posted by prudentinvestor > 2023-02-13 12:36 | Report Abuse

There was a big durian runtuh way back in 2010. After disposing of its holdings in Parkway Holdings and reaping a huge capital gain, it declared a one for two bonus. No more durian runtuh over the past 12 years, only a yearly dividend of 10 to 11 sen a share even though the company made over 30 sen a share in some years. No dividend declared in 2020 and 2021 though the company still made over 20 sen a share in 2019.

Posted by prudentinvestor > 2023-02-13 15:28 | Report Abuse

If the directors don't have any better ideas on what to do with the company's 1 billion cash, they should pass some cash to fund managers to earn better returns.

Posted by wallstreetrookieNEW > 2023-02-13 15:35 | Report Abuse

Cash rich company. Very few available on the market right now. Investors would want to pay attention to K Seng despite the lack of growth potential

Posted by speakup > 2023-02-13 21:22 | Report Abuse

Hidden gem

Posted by prudentinvestor > 2023-02-13 21:55 | Report Abuse

Can you imagine a hidden gem is trading close to its 12 year low?

Posted by speakup > 2023-02-14 07:34 | Report Abuse

that why it is hidden gem
not many ppl know

Posted by prudentinvestor > 2023-02-14 09:08 | Report Abuse

Only those who are prepared to pass the shares they had bought to their children or even grandchildren should buy this counter.

Posted by speakup > 2023-02-14 10:15 | Report Abuse

@prudentinvestor,
Very contradictory u say u are KSeng shareholder but u shooting down the company.

Posted by prudentinvestor > 2023-02-14 10:42 | Report Abuse

@speakup, what I have written all this while about Keck Seng are all very factual. There is no contradiction, I haven't bought any Keck Seng shares for about 8 years. Only waiting to sell and switch to Maybank/RHB bank.

Posted by firehawk > 2023-02-14 15:24 | Report Abuse

OSK，Insas，iCap， mulpha ...... are also hidden gems for long term investors

Posted by speakup > 2023-02-14 18:45 | Report Abuse

KSeng got almost rm1 BILLION cash. The rest got? Tadak

Posted by speakup > 2023-02-14 21:16 | Report Abuse

Kseng net cash rm987mil. Net cash/share rm2.73!
Insas net cash rm765mi. Net cash/share rm1.10.
Osk net debt rm2bil

Posted by stockraider > 2023-02-15 08:28 | Report Abuse

Just buy mah!
No takut lah!
Very cheap loh!

Posted by prudentinvestor > 2023-02-15 10:01 | Report Abuse

https://www.theedgemarkets.com/article/ta-enterprise-be-delisted-march-30#:~:text=KUALA%20LUMPUR%20(March%2025)%3A,stockbroking%20tycoon%20Datuk%20Tony%20Tiah.
TA enterprise was privatized at 65.5 sen a share several years ago though it was worth a least RM2.25 a share. Majority shareholders of Keck Seng may do the same thing and offer RM5 a share to take Keck Seng private.

Posted by prudentinvestor > 2023-02-15 10:58 | Report Abuse

Buy Keck Seng today and be prepared to wait for 5, 10, 15 or even 20 years. I still have Keck Seng shares bought before the 1 for 2 bonus issue in 1995.

Posted by speakup > 2023-02-15 10:59 | Report Abuse

rm5 too low
Should be rm7

Posted by stockraider > 2023-02-15 12:38 | Report Abuse

Just accumulate more loh!

Posted by prudentinvestor > 2023-02-15 14:41 | Report Abuse

RM5 a share is only hypothetical, even RM7 a share is way too low. Keck Seng should be worth RM16 to RM20 a share if all its assets were to be revalued. Too bad, interests of small investors are not well taken care of in this country.

Posted by speakup > 2023-02-15 21:37 | Report Abuse

rm7
INI KALILAH!!!!
anything higher is bonus

Posted by prudentinvestor > 2023-02-16 11:08 | Report Abuse

If you buy now at RM3.60 and the directors decide to take Keck Seng private at RM7 a share within the next 10 years, then it is still a very rewarding investment. If the directors decide to privatize it 25 years later at RM7 a share, the opportunity cost is then far too big.

Posted by speakup > 2023-02-16 12:42 | Report Abuse

Yup shoot down the counter more so u can buy dirt cheap

Posted by prudentinvestor > 2023-02-16 16:54 | Report Abuse

Do you think you have any chance of success?

Posted by stockraider > 2023-02-17 08:43 | Report Abuse

They will buy & buy as long as below Rm 5.00 loh!

Posted by prudentinvestor > 2023-02-17 12:14 | Report Abuse

Less than 140 million Keck Seng shares are in the hands of the public. The company only needs less than RM850 million to buy up all the public shareholding assuming it starts buying now and pays on average RM6 for the shares. So cheap to privatize Keck Seng.

Posted by speakup > 2023-02-18 10:56 | Report Abuse

LITRAK already privatised. JACKPOT! speakup made rm1/share in LITRAK

Posted by speakup > 2023-02-18 10:56 | Report Abuse

For "privatisation theme", here are a few counters to look at: MPHBCAP, INSAS, ICAP, KSENG
all cash rich and very deep in value, all waiting for major shareholders to give go ahead

Posted by prudentinvestor > 2023-02-18 22:38 | Report Abuse

You have left out Facbind. It has a paid up capital of RM85 million, cash of RM151 million, practically debt free and available financial assets for sale at RM40 million. Closed at RM1.17 yesterday.

Posted by stockraider > 2023-02-19 14:11 | Report Abuse

Remember cash rich business are;

1. keck seng
2. Oriental
3. Star
4. Dutaland
5. Facb
6. Insas
7. Icap

Posted by prudentinvestor > 2023-02-20 15:16 | Report Abuse

Still prefer to buy bank stocks which consistently pay high dividends, rain or shine like Maybank.

Posted by speakup > 2023-02-20 21:27 | Report Abuse

speakup got Cimb & Ambank
Kseng is only a small fraction of speakup holding in Cimb & Ambank

Posted by prudentinvestor > 2023-02-21 20:08 | Report Abuse

I have no intention to keep Keck Seng any longer. Would consider selling when it reaches RM6 a share and call it a day when it reaches RM8.

Posted by speakup > 2023-02-21 22:30 | Report Abuse

another 5sen dividend coming?

Posted by prudentinvestor > 2023-02-22 12:17 | Report Abuse

They should have declared 50 sen a share final dividend instead of just 5 or 6 sen a share. Only people who are devoid of financial knowledge would keep so much money in the banks.

Posted by prudentinvestor > 2023-02-24 21:39 | Report Abuse

Excluding extraordinary gains, Keck Seng's earnings last year at over RM200 million or 56.65 sen a share was a record high. However record earnings is unlikely to translate into record dividend. I am expecting a final dividend of 6 sen a share. Anything extra is a bonus.

Posted by Superdaddy > 2023-02-25 13:00 | Report Abuse

Happy to see Stockraiders in this Kseng forum after so long. One of the best annual results after so long. Cheers!!!

Posted by speakup > 2023-02-25 13:21 | Report Abuse

one fine day out of the blue when nobody expects it............ kaboom! suspended......... going private

Posted by DickyMe > 2023-02-25 13:38 | Report Abuse

Certainly! Without a doubt! Confirm!

Posted by speakup > 2023-02-25 19:52 | Report Abuse

Just need to sabar

Posted by prudentinvestor > 2023-02-25 22:31 | Report Abuse

Keck Seng has been paying 10 to 11 sen a share dividend for over 10 years but stopped paying any dividend in 2020 and 2021. Since it has made record profits in 2022, the company should declare a bumper dividend to compensate loyal investors.

Posted by DickyMe > 2023-02-25 22:32 | Report Abuse

Keep dreaming!

Posted by prudentinvestor > 2023-02-25 23:03 | Report Abuse

I have no illusion about Keck Seng. That is why I used the word "should", I didn't use "will" or "would".

Posted by i3lurker > 2023-02-26 00:02 | Report Abuse

those hotels in Hawaii should be 100% full now but thats OUR money and not your money...

Posted by prudentinvestor > 2023-02-28 10:35 | Report Abuse

There are small investors who are willing to sell Keck Seng shares at a meagre price of RM3.57 a share. It just shows their complete lack of confidence in the company. Incidentally, Keck Seng's net cash and its investments in listed companies are already worth over RM3.80 a share.

Posted by speakup > 2023-02-28 21:49 | Report Abuse

Tak masuk akal

Posted by prudentinvestor > 2023-03-01 10:49 | Report Abuse

Some small investors can't afford to wait for the day when the goose starts to lay golden eggs. Good for the company directors. Should they decide to take Keck Seng private one day, they can make a lower offer to small investors.

Posted by speakup > 2023-03-03 08:31 | Report Abuse

Bstead going privatise at 0.855.

Bstead nta 1.62. Net debt 6.85Bil. Share price 0.655.
Insas nta 3.16. Net cash 789Mil. Share price 0.77
Kseng nta 6.74. Net cash 1Bil. Share price 3.53
Insas & Kseng look juicier for privatisation than Bstead.

Posted by Diamond7 > 2023-03-07 07:18 | Report Abuse

Hidden gem....!
Great profits...
Hopefully this year give higher dividen....
And shoot like rocket!!!!
Directors....give us bonus please!
We are all faithful investors!

Posted by speakup > 2023-03-07 07:55 | Report Abuse

Yesssssss

Posted by prudentinvestor > 2023-03-07 12:13 | Report Abuse

Keck Seng didn't pay any dividend in 2020 and 2021 amounting to a total of 20 sen. This year's dividend should include the dividends it conveniently failed to pay, making a total of 30 sen I suppose.

Posted by snowball2000 > 2023-03-07 13:10 | Report Abuse

cash & equivalents plus investment securities (if liquidated) amounted to more than RM4/share. paying RM0.30/share as dividend is well within KSeng's means. Hopefully the major shareholder and BOD would also take care of minority shareholders like us...