Posted by speakup > 2023-09-01 10:34 | Report Abuse

all Johor counters up except Kseng. Aneh!

Posted by speakup > 2023-09-01 11:19 | Report Abuse

this Johor company is hopeless! got properties & landbank in Johor but cannot up

Posted by Superdaddy > 2023-09-01 19:41 | Report Abuse

Be patient ya, it will rise when times is ripe for rerating. Cheers!!!!

Posted by speakup > 2023-09-04 07:51 | Report Abuse

https://theedgemalaysia.com/node/681073
Limit up today

Posted by prudentinvestor > 2023-09-07 12:46 | Report Abuse

Already satisfied if it can maintain at around RM4.50 a share.

Posted by speakup > 2023-09-11 07:36 | Report Abuse

PH won all 2 johor seats! Good for Johor property developer Kseng!

Posted by speakup > 2023-09-18 22:05 | Report Abuse

Uems shoot up today, why this Johor property counter cannot up? Got land bank in Johor also no use

Posted by prudentinvestor > 2023-09-19 11:09 | Report Abuse

Keck Seng's land is mostly located in Pasir Gudang area, UEMS's land is mostly located in Iskandar Puteri area, where most business activities take place.

Posted by speakup > 2023-09-19 12:40 | Report Abuse

Johor is Johor lah

Posted by speakup > 2023-09-20 09:20 | Report Abuse

All Johor property counters Ksl, Uems & Iwcity dah lari, only Kseng cacat cannot move

Posted by speakup > 2023-09-20 09:50 | Report Abuse

Kseng is really hopeless Johor property counter!

Posted by prudentinvestor > 2023-09-20 14:33 | Report Abuse

For Keck Seng to become "hopeful", there must be a change of the guards.

Posted by speakup > 2023-09-21 06:08 | Report Abuse

This Johor company if join Johor theme play should be rm6 by now

Posted by prudentinvestor > 2023-09-22 14:49 | Report Abuse

Appoint more proactive people to take charge of the company and it would go up to RM10 instantly.

Posted by speakup > 2023-09-22 15:27 | Report Abuse

Keck Seng address:
P.O.Box 1
Kong Kong Road
81757 Masai, Johor, Malaysia
Tel: 607-2551111

Terbukti Johor company! Tapi takde Johor goreng play

Posted by Michael Kwok > 2023-09-28 00:34 | Report Abuse

Keck seng
Price 4.20
Tp 3.30-3.60
28/9/23 12.34am

Posted by speakup > 2023-09-30 16:25 | Report Abuse

Aduh! Sifu Michael hantam i

Posted by prudentinvestor > 2023-10-03 17:22 | Report Abuse

Keck Seng's cash and share investments are already worth RM4.20 a share.

Posted by Diamond7 > 2023-10-03 20:19 | Report Abuse

Wait patiently....
One day will touch 6.00
Prob 8.00 or 10.00

Posted by speakup > 2023-10-10 16:41 | Report Abuse

Finally!

Posted by speakup > 2023-10-10 16:41 | Report Abuse

Q-ing to sell

Posted by prudentinvestor > 2023-10-12 22:02 | Report Abuse

Earnings are much better than pre pandemic levels but share price is still more than 5% lower.

Posted by speakup > 2023-10-12 22:09 | Report Abuse

Speakup bought 3.50+

Posted by Diamond7 > 2023-10-14 19:11 | Report Abuse

Wa!
Speakup rich liao...
KSeng not ripe yet

KSeng has US currency
Has Spore currency

Rich land assets in Pasir Gudang
The fire just started
Wait la...for another 6 months to one year

Big harvest leh...

Posted by Diamond7 > 2023-10-15 10:52 | Report Abuse

KSeng for long term!
No FIFO please!

Must wait patiently...

Posted by speakup > 2023-10-15 15:44 | Report Abuse

I look into KSeng annual report 2023, was surprised they own so little potential development land in Johor:

247 ha in Pulai
364 ha in Pasir Gudang
2382 ha in Ulu Tiram, planted with Palm Oil

Their other 7 lands already built with buildings Hotel, Offices, Condo etc.

All along thought KSeng had a lot of development land, guess I was wrong

Posted by speakup > 2023-10-15 15:49 | Report Abuse

patutlah no wonder Michael Kwok kasi Tp 3.30-3.60

Posted by prudentinvestor > 2023-10-17 11:42 | Report Abuse

Keck Seng's net cash and share investments are already worth RM4.20 a share.

Posted by prudentinvestor > 2023-10-17 11:45 | Report Abuse

If Keck Seng's major share holders offer RM9 to 10 a share to take the company private, there should be a lot of takers.

Posted by speakup > 2023-10-17 15:47 | Report Abuse

Dah panic buying.
Rebuuuuttttttttttt

Posted by Diamond7 > 2023-10-17 17:01 | Report Abuse

The Singaporean directors are very very rich!
Guess they would rather make their JB land the new Shenzhen of Spore!
More profitable!

Posted by speakup > 2023-10-17 21:36 | Report Abuse

Singaporeans dah wake up from slumber to GORENG!!!!!
while Bursa go slumber

Posted by prudentinvestor > 2023-10-19 12:31 | Report Abuse

This group of Keck Seng directors doesn't understand the meaning of "GORENG".

Posted by Diamond7 > 2023-10-22 13:53 | Report Abuse

KSeng
Can sleep well
Unaffected by wars

Great potential in view of new Shenzhen for Sporeans

Wait till end of month with new economic trade zone meeting

Wait till next year when JB Sultan becomes Agung

Wait till RTS completes in 2026

Wait for the fruit to grow bigger n bigger
Then only harvest!

Posted by prudentinvestor > 2023-10-23 11:27 | Report Abuse

Ringgit keeps dropping against the US and Singapore dollars. Keck Seng keeps benefitting from Ringgit's decline.

Posted by Diamond7 > 2023-10-24 16:21 | Report Abuse

Agree with prudentinvestor
Kseng has a lot of Spore currency
Kseng has a lot of US currency

Now 1 spore dollar is RM3.50
1 US dollar is RM4.79
Gain in Forex!

Interest rate hike will oso benefit KSeng

Posted by prudentinvestor > 2023-11-02 11:01 | Report Abuse

Should have pared down its cash holdings by 50% and invest in counters with high dividend yields like Maybank.

Posted by prudentinvestor > 2023-11-15 10:20 | Report Abuse

Cresendo Corp Bhd recently sold some land in Pulai to Singapore owned company STT GDC Malaysia 2 Sdn Bhd for RM117 million or RM100/ft2. Keck Seng has around 25 million ft2 of development land there. How much do you think Keck Seng's land is worth?

Posted by snowball2000 > 2023-11-15 10:35 | Report Abuse

#prudentinvestor
Simple maths says the land bank in Johor alone is worth a whopping 2.5bil!!! That alone will give RM6.94 in value per share (no. of shares issued is circa. 360mil)!!!
Plus net cash & liquid asset per share (including investment securities) of approximately RM4/share, KSENG is actually worth much more than RM10/share. Very undervalued indeed!!!

Posted by snowball2000 > 2023-11-15 10:38 | Report Abuse

This is even before we take into account the EPS of say RM0.50 - RM0.60/share!!!

Posted by snowball2000 > 2023-11-15 10:39 | Report Abuse

KSENG is like a snowball on a very long slope, its value can only grow over time. The longer we hold it, the better its return would be.

Posted by prudentinvestor > 2023-11-15 16:38 | Report Abuse

Keck Seng's development land in Johor is not limited to Pulai area only. It also has 7,500 acres of plantation/development land in Pasir Gudang area. Now assuming its development land in Pulai is worth RM50/ft2 and its landbank in Pasir Gudang area is worth RM9/ft2 or RM400,000 per acre. Total worth of its landbank is over RM4 billion.

Posted by Superdaddy > 2023-11-17 19:42 | Report Abuse

Kseng looking solid recently. Hope to get a positive results soon. Cheers!!!

Posted by speakup > 2023-11-18 16:04 | Report Abuse

Investors are hoping owners have changed their bad habits

Posted by prudentinvestor > 2023-11-20 16:55 | Report Abuse

Cresendo Corp Bhd is selling its land in Pulai again, this time 7 parcels of land to Yu Ao Sdn Bhd at RM125/ft2. Never expect land is soooo valuable now in Pulai area.

Posted by prudentinvestor > 2023-11-21 12:16 | Report Abuse

Including the dividends, Keck Seng has already risen by more than 40% from its lows in April. Not a bad achievement but still a long way to go to reach its intrinsic value.

Posted by prudentinvestor > 2023-11-22 16:54 | Report Abuse

Up one or two sen a day, should reach RM5 soon but still a long way from my target price.

Posted by snowball2000 > 2023-11-27 17:52 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3402658

Posted by speakup > 2023-11-27 19:03 | Report Abuse

Aduh! What happened?

Posted by speakup > 2023-11-28 07:49 | Report Abuse

https://theedgemalaysia.com/node/691599