Its audited NTA is already above RM6.50 a share. Its actual NTA could be more than 2 times higher since a lot of its assets have not been revalued for 40 years.
'Net cash 1.07 billion Has cash rich assets!" @Diamond7, Around 135 million Keck Seng shares are owned by the public. Keck Seng's substantial shareholders can make use of its net cash and offer almost RM8 a share to these public shareholders and take the company private. So simple.
Has been going up steadily in small volumes for over one and a half months, gaining over 25% during this period. Some investors are probably betting on the company being taken private.
Logically, major shareholders of a listed company should revalue company assets first before they decide to take the company private. Sadly this is always not done.
Apart from possible privatization, the expected completion of the JB Singapore Rapid Transit System towards the end of 2026 and the likely revival of the HSR could also be driving Keck Seng's share price up over the past few weeks.
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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....
prudentinvestor
4,157 posts
Posted by prudentinvestor > 2023-07-20 16:33 | Report Abuse
Very few people have joined the march so far.