Volume way too low. In order for its share price to move up steadily, turnover has to increase considerably. It does indicate that not many people are willing to sell even at this level.
@speakup, I have browsed through your comment history from May to July last year and didn't manage to find any of your recommendations to buy Keck Seng. I had already bought Keck Seng shares almost 30 years ago. My average price is under RM1.50 a share.
Wow, such a high profit margin indeed. Mine averaging Rm3 since accumulating bit by bit more than 20 over years already. Cheers to all strong holders!!!
@Superdaddy, I remember Keck Seng declared 1 for 2 bonus twice, first time in 1995, then in 2010. My profit could have been much, much better had I disposed of my Keck Seng shares in Nov 2013 when it almost touched RM8 and switched to bank counters like Maybank.
@speakup, a lot of things have changed over the last several months. The government has announced its intention to make Forest City a financial centre and Iskandar Puteri region a SEZ. Also, I had earlier on conservatively valued Keck Seng's development land in Kangkar Pulai at around RM1 million per acre. Just over a month ago, Cresendo sold its land parcels in Pulai area for over RM100/ft2. Are you not aware of all these changes?
With so much good news, Keck Seng's share price has just jumped 50% since June of last year. UEMS has gone up by 300%, IW City has gone up by 250% n Cresendo by 100%.
Keck Seng's bull run since the beginning of July last year has been slow and steady. It has never risen by more than 20 sen in a single day, even rises of above 10 sen were rare. During its last bull run in 2013, there were occasional spikes of over 50 sen in a single day. This latest bull run appears more solid.
Keck Seng's bull run in 2013 was driven by rumours of a special dividend as the Company had sufficient tax exempt balances and 108 balance of the Income Tax Act, 1967 to pay franked dividends amounting to RM330,277,000. Its bull run this time is driven by fundamentals.
Yes sifu Raiders, it has been our favourite gems for the last few decades even though its such a laggard for so long until now it's starting to rejuvenate again. Cheers!!!
Even after rising by RM2 or around 60% over the last 7 months, there still aren't many sellers around. Perhaps Keck Seng has to go up by another 60% to attract more sellers.
Yea, rock solid performance since the start of the new year. Has already shot up by 73 sen or 15%. Would wait till it rises to RM7.97, its all time high reached in Nov 2013. Would decide then whether to hold on to my investment. Still a long way to go.
Staying firmly at current price despite broad-based weaknesses in bursa. Shall keep this wonderful gem for as long as I still can do so. Cheers to all still on board ya!!!
Yeah , it's going to be a cornered stock soon as major shareholders keep accumulating thru nominees. Hopefully it can hold at current level before going for new heights. Cheers!!!
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....
snowball2000
412 posts
Posted by snowball2000 > 2024-01-04 10:40 | Report Abuse
Next up, 5.50....