Posted by eht6769 > 2013-08-06 14:59 | Report Abuse

see another counter code 5070

Posted by eht6769 > 2013-08-06 15:00 | Report Abuse

66億發展潛能被忽略‧富達遭大幅低估
熱股評析 2013-07-30 17:31
（吉隆坡30日訊）富達（PRTASCO，5070，主板建筑組）在加影De Centrum城鎮擁有100英畝地庫，達證券表示就當前股價計算，市場已全然忽略該公司產業業務蘊藏的66億令吉龐大發展潛能，相信股票價值已遭嚴重低估。

100英畝地庫11年未重估

達證券估計，單是上述100英畝地庫的現有市值，很可能即已超越富達現有股本的總市值。

達證券說，該公司最新數據顯示De Centrum100英畝地庫賬面值為1億1千萬令吉（每平方呎25令吉30仙），惟必須留意的是，該土地最後一次重估已是11年前，現有市值究竟為多少暫時無從知曉，因土地並未進行重估。

“不過，由於土地價值一般佔總發展值的10%到20%，因此用De Centrum綜合發展計劃的66億令吉總發展值計算，De Centrum100英畝地庫至少價值6億6千萬令吉（每平方呎152令吉），遠比該公司目前約4億2千萬令吉市值來得高。”

值得一提的是，華陽（HUAYANG，5062，主板產業組）近期在距離De Centrum約7公里遠的地區收購一塊3.73英畝地庫時，共付出5千690萬令吉或每平方呎350令吉，這讓達證券更加堅信富達已遭市場嚴重低估。

明年推4億產業

“由於該公司目前已啟動產業發展計劃，且近期推介的首階段2億5千萬令吉產業項目取得80%亮麗訂購率，該公司放眼乘勝追擊，預料明年中再推出另外4億令吉產業，協助有關地庫逐漸釋放內在價值。”

達證券補充，富達核心盈利目前主要來自道路維修和工程業務，持有聯邦和州政府長期道路維持合約和特許經營權，負責全國約1萬4千公里道路提供維持服務。

“該公司道路維修和工程業務目前還持有17億令吉剩餘訂單在手，且政府訂單仍擁有至少2年到6年合約期，未來3年盈利能見度清晰，且該公司已開始為更新政府道路維持合約展開努力，預料產業發展業務將進一步帶動未來盈利。”

此外，富達在過去5年來持續派發超過60%淨利，派息額介於7仙到14仙之間，假設今年派息率為8仙，意味週息率高達6.25%，達證券相信就該公司淨現金狀況而言，類似派息表現能夠持續。

考量地庫遭低估和道理維持及建築業務展望強穩，達證券給予富達目標價2令吉28仙，相等於2014財政年10倍本益比，較現有股價則有近80%揚升空間，惟暫時沒有給予評級。（星洲日報／財經）

Posted by eht6769 > 2013-08-06 15:06 | Report Abuse

keck Seng is another iskandar Project gainner

Posted by Lim AS > 2013-08-06 15:57 | Report Abuse

LIKE IT IS BREWING TODAY N HIT 5.38 ON 6.8.2013 . RSI CHART CLIMBS NEARING 70% ? WHETHER IT BE SUSTAINED OR FLASH IN THE PAN IS ANYBODY GUESS.

Posted by eht6769 > 2013-08-06 16:06 | Report Abuse

5.5, keck seng not KLCI couter wont be any impact... high target soon will breaking off

Posted by eht6769 > 2013-08-06 16:14 | Report Abuse

bonus issue .............XXx

Posted by prudentinvestor > 2013-08-06 20:03 | Report Abuse

Share holders prefer cash, not bonus issue. I think it is not going to be another flash in the pan this time. Keck Seng shares have gone up and down too many times. With the dateline for announcing a special dividend (if any) approaching, some speculative play is in the offing. Ini kali lah!

Posted by eht6769 > 2013-08-06 22:26 | Report Abuse

Take as eg, huayang from 2010-2013 has 4 times bonus issue declaration. After this activities has taking place mean if you bought 1lot in 2010 u should accumulate till 2013 can hv 2lots X current price 3.14.. How $$. This counting hvnt include the dividend round figure 6~8% return dividend.

Posted by eht6769 > 2013-08-06 22:28 | Report Abuse

Huayang 2010(1:4),2011(1:4),2012(1:4),2013(1:3)

Posted by nightrader > 2013-08-06 23:12 | Report Abuse

better sure cooking special dividend this time....otherwise big drop

Posted by Wowalk > 2013-08-07 08:37 | Report Abuse

Hi all, i am new to KSeng........

Posted by prudentinvestor > 2013-08-07 09:27 | Report Abuse

nightrader, Keck Seng has net cash of over RM 750 million, more than twice its paid up capital. Name me another company listed on Bursa which has Keck Seng's enviable cash position?

Posted by eht6769 > 2013-08-07 09:33 | Report Abuse

orient..

Posted by eht6769 > 2013-08-07 09:38 | Report Abuse

http://osksec.klsetracker.com.my/financialss.php Cash & securities 2,624,016

Posted by choolooi > 2013-08-07 09:40 | Report Abuse

Yes ,it is super loaded but the trouble is that it is holding on fast to its cash .
And many have left coz of this.
As shareholders , we would like to have a share of the cash.

Wowalk, if you want this counter you must be prepared to hold.
It is not a quickie -type of cookie

Posted by eht6769 > 2013-08-07 10:47 | Report Abuse

3 month more

Posted by eht6769 > 2013-08-07 11:43 | Report Abuse

who hvnt get in this counter, Dont miss out ,,last call

Posted by prudentinvestor > 2013-08-07 12:07 | Report Abuse

eth6769, Oriental Holdings has net cash of around RM 2.3 billion. Its market cap is RM 6 billion. Keck Seng has net cash of over RM 760 million. Its market cap is only RM 1.93 billion. Keck Seng also has share investments worth over RM 500 million. Oriental has much less.

Posted by Wowalk > 2013-08-07 12:35 | Report Abuse

@ choolooi-i am ready for keeping it

Posted by eht6769 > 2013-08-07 13:25 | Report Abuse

we are talking both company total up all assets, warehouse, landbank , cash, securities

Posted by eht6769 > 2013-08-07 17:09 | Report Abuse

6

Posted by nightrader > 2013-08-08 07:21 | Report Abuse

can only wait until year end .....if still no special dividend surely many will dump no matter how cash rich on paper directors better give big dividend to be worth our wait

Posted by Abudance > 2013-08-08 10:04 | Report Abuse

Can be like MBf holding. Very cash reach. But don't care of shareholders. Sell credit card company but don't give out special dividend..... So K Seng following ?? Wait for durian runtoh but no durians falling .....

Posted by prudentinvestor > 2013-08-11 15:09 | Report Abuse

Abudance, Mbf Holdings had paid a special dividend of 40 sen gross on the 31/5/13.

Posted by eht6769 > 2013-08-12 08:12 | Report Abuse

hi guy, unless Kseng Ho's family privatise the company. Otherwise, contribution more than 60% hoiding.. y not distribute out the cash to be special dividend. Let see today buying performance..If keep break the history record hight than 5.44. Meaning news has coming soon.

Posted by surewin1woh > 2013-08-12 09:48 | Report Abuse

Ini-Kali-Lah lalalala.....

Posted by eht6769 > 2013-08-12 10:33 | Report Abuse

事出必有因

Posted by eht6769 > 2013-08-12 11:55 | Report Abuse

today target 5.5....those who has interest be faster enter in market....boom for this counter..soon..

Posted by Lim AS > 2013-08-12 14:12 | Report Abuse

Touching 5.46 with RSI>72% n in the uptrend . should go further n breach 6.00 soon ! Congrats to all those who were very very patience....

Posted by eht6769 > 2013-08-12 14:34 | Report Abuse

good

Posted by surewin1woh > 2013-08-12 14:39 | Report Abuse

Slowly..but Surely

Posted by Wowalk > 2013-08-12 15:12 | Report Abuse

What will happen if kseng gone privatization?

Posted by eht6769 > 2013-08-12 15:21 | Report Abuse

lanbank 10,000 yikat belong to singaporean

Posted by eht6769 > 2013-08-12 15:28 | Report Abuse

is right time

Posted by Wowalk > 2013-08-12 16:55 | Report Abuse

@eht6769- do u mean that the 10,000yikat cannot be included into company asset...?

Posted by prudentinvestor > 2013-08-12 17:32 | Report Abuse

Keck Seng directors, majority share holders and their associates together own about 61% of Keck Seng shares. This means another 39% of Keck Seng shares are in the hands of the public. I believe most of these share holders are Malaysians.

Posted by eht6769 > 2013-08-12 17:40 | Report Abuse

after privatize by ho's family, all assets cash, lanbank, building, warehouse not belong malaysian...i mean

Posted by choolooi > 2013-08-12 17:52 | Report Abuse

@ eht6769.
Can pls tell how u know abt privatize?
Pls give site
Thx

Posted by Wowalk > 2013-08-12 18:17 | Report Abuse

i was understand that all asset own by listed company must be revalue to the market price before privatization under company act. Anyone knows about this?

Posted by prudentinvestor > 2013-08-12 19:48 | Report Abuse

The directors of a listed company would only want to privatize their company if they find that the company shares are undervalued. If they have to re-value the company assets to the market value, then there is no more temptation for them to privatize the company. Of course Keck Seng directors can't privatize the company by offering its minority share holders a price based on Keck Seng's share price plus a slight premium as the company has huge chunks of land not re-valued since the early 1980s. The land price could fetch as high as 80 times over its book value.I think the SEC has a say on this.

Posted by nightrader > 2013-08-12 20:22 | Report Abuse

privatisation sound more like pirate-in-action
looting the cargo from minority shareholder ...:(

Posted by prudentinvestor > 2013-08-12 22:24 | Report Abuse

You are quite right. Small share holders are disadvantaged.

Posted by Wowalk > 2013-08-13 09:34 | Report Abuse

I wonder whether there are law that govern major shareholder simply privatize d company with unfair price?

Posted by eht6769 > 2013-08-13 09:53 | Report Abuse

As we know that has no law to against major holder privatise company ...this is main reason

Posted by eht6769 > 2013-08-13 10:22 | Report Abuse

kseng volume is coming ....break 5.5 soon

Posted by eht6769 > 2013-08-13 22:22 | Report Abuse

Retain the price !

Posted by surewin1woh > 2013-08-15 09:30 | Report Abuse

Taking some breathing at the YTD top....will fly once got energy!!

Posted by eht6769 > 2013-08-15 10:59 | Report Abuse

breathing ....waiting Finance Result

Posted by Lim AS > 2013-08-15 12:47 | Report Abuse

yo yo game ? not really high or really low? it just keeps the minority shareholders high n dry ? if it breaks loose by suddenly declaring big n fat dividends , it will not be surprising the its share price may trigger buying spree tp 6.5 or higher?

Posted by eht6769 > 2013-08-15 13:29 | Report Abuse

yes agreed, but need a month to push it up