Just hold on to your Keck Seng shares tightly, no need to sell. At over RM100/ft2, the price which Cresendo sold several parcels of its land in Pulai, Keck Seng's land in Pulai area is already worth over RM2 billion.
Johor Bahru is developing very, very fast. In less than 10 years, Keck Seng's development/plantation lands in Pasir Gudang area would be worth on average at least RM 1 million per acre. Keck Seng has about 7,500 acres of land in Pasir Gudang area. How much do you think it is worth?
Johor Menteri Besar Datuk Onn Hafiz Ghazi said at Johor’s Budget 2024 presentation last Thursday (Nov 23) that Malaysia and Singapore are expected to sign a memorandum of understanding to establish the SEZ on Jan 11, 2024.
Cheers to all the strong holders of Kseng. The 49 years old son of MD collecting some fr open market last week. More future accumulation is expected fr the new generation. Brighter days ahead for Kseng. Cheers!!!
Uncle Prudentinvestor started buying Keck Seng shares during the late 1980s and still keep some bought in 1993 or 94. Received bonus issues twice for those shares bought in 1993/94. The last time uncle bought Keck Seng shares was about 11 years ago, bought at under RM4. Unfortunate thing is I only disposed of a small portion when it went up to RM7.97 9 or 10 years ago.
A MUST HAVE stock in view of JB being the new Shenzhen Hidden gem! Highly undervalue... Wait patiently One month... One year... Two years .. It's a goose that lays golden eggs!
Now it is moving up slowly in low volumes. Later it should move up strongly in high volumes like it did 10 years ago to almost reach RM8 a share. History could repeat itself.
Small investors shouldn't sell their Keck Seng shares. This is to ensure that its directors don't have the opportunity to buy Keck Seng shares at 75% discount. Don't make rich people richer, OK?
Now even if you want to buy, there aren't many sellers around. Remember the glove stock frenzy over three and a half years ago? When Top Glove was trading at below RM5, who would have thought it could spike to over RM20? Yet when it touched RM20, many thought it would spike to RM30, RM40 or even RM50.
I have been waiting for so long already to get rid of my Keck Seng shares and switch to bank counters like Maybank, RHB Bank etc in order to earn dividends better than EPF is able to pay. Certainly RM4.70 is not the price to sell. RM7.40 may be can consider.
Keck Seng ended the last trading day of last year at RM3.60 a share. If it could close at RM4.75 today, then including the dividends, total gains for 2023 would be RM1.28 or 35.5%.
Our undervalued gems holding pretty well despite some selling pressure. Cheers to all strong hearts. All will be amply rewarded for their patience ya. Cheers!!!
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prudentinvestor
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Posted by prudentinvestor > 2023-11-28 11:59 | Report Abuse
Just hold on to your Keck Seng shares tightly, no need to sell. At over RM100/ft2, the price which Cresendo sold several parcels of its land in Pulai, Keck Seng's land in Pulai area is already worth over RM2 billion.