Posted by Superdaddy > 2 months ago | Report Abuse

Holding pretty well despite some selling pressures fr impatient holders. Cheers for a great year ahead!!!

Posted by Superdaddy > 2 months ago | Report Abuse

Another great set of quarterly results fr Kseng. Net profit increased by 175pct compared to previous quarter with earning of 26cts per share. NTA standing at Rm7.62 . Will hold on firmly to this great company despite current selling onslaught. Cheers!!!

Posted by prudentinvestor > 2 months ago | Report Abuse

Gosh! Made so much money. Time to declare a dividend of over 30 sen a share and a bonus issue.

Posted by prudentinvestor > 2 months ago | Report Abuse

Read the notes to the 4th quarter report, management is very positive about this year's financial results. Conclusion : hold Keck Seng.

Posted by prudentinvestor > 2 months ago | Report Abuse

Those expecting a bumper dividend from Keck Seng might be disappointed when the quantum of final dividend is announced.

Posted by Superdaddy > 2 months ago | Report Abuse

Yes, as long as there's a reasonable dividend in such a tough business environment, will be great enough. Cheers!!!

Posted by prudentinvestor > 2 months ago | Report Abuse

Keck Seng has no dividend payout policy. It still made over 20 sen a share in 2019 but failed to pay the final dividend for that year when Covid 19 struck in early 2020. Keck Seng investors didn't receive any dividend payment for two years. Genting Berhad and Genting Malaysia lost hundreds of millions during the pandemic but they continued to pay dividends totaling more than 10 sen yearly to investors.

Posted by Superdaddy > 2 months ago | Report Abuse

No worries ya, believed 2024 onwards will be a much better years ahead for prudent investors in Kseng. Cheers!!!

Posted by prudentinvestor > 1 month ago | Report Abuse

With huge investments pouring into Johor Bahru and the opening of the RTS at end 2026, Keck Seng's property division is expected to do very well in the coming years. Whether these translate into better dividends or not is anybody's guess.

Posted by Diamond7 > 1 month ago | Report Abuse

The Johor Bahru property market is set for an upturn, with the announcements of new projects and government initiatives over the past quarters, according to KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan when presenting The Edge Malay­sia | KGV International Property Consultants Johor Bahru Housing Property Monitor 4Q2023.

The initiatives include the proposed Special Financial Zone (SFZ) and Special Economic Zone (SEZ); Rapid Transit System (RTS), with construction under progress; High-Speed Rail (HSR), which its revival is being discussed; Johor Bahru-Pontian Bridge, which is nearing completion; Gemas-Johor Bahru Double-Tracked Electrified Rail, which will be completed by 2025; and the preliminary conceptualisation of Light Rail Transit (LRT) from the private sector. Many large-scale foreign direct investments (FDI) in Johor had also been announced.

In January, Minister of Economy Rafizi Ramli and Singaporean Minister for Trade and Industry Gan Kim Yong signed a memorandum of understanding to establish the proposed Johor-Singapore SEZ.

KGV’s Tan suggests seven proposals for the Johor-Singapore SEZ: a passport-free QR code clearance system at customs on both ends; a digitalised process for cargo clearance; one-stop business/investment service centres in Johor to facilitate the application process for approvals and licences for Singapore businesses to set up companies in Johor; co-organising an investor forum to gather feedback; facilitating Malaysia-Singapore renewable cooperation; curating training and work-based learning initiatives to address talent and skill gaps for relevant industries; and developing joint events between Johor and Singapore to promote trade and investments.

Tan explains: “These initiatives basically streamline processes and enhance communication across levels. Such collaboration facilitates both economies to complement and tap into the strengths of each other. The SEZ could be the model and platform for both countries to combine strengths and compete effectively in the region and globally.

“Overall, the comprehensive and ambitious package of initiatives articulated in recent years have started to take shape and all the jigsaw puzzles are being pieced together. The economy and property market have started to heat up, after almost 12 long years since the last boom in 2012 to 2014.”

Posted by Diamond7 > 1 month ago | Report Abuse

KUALA LUMPUR, March 14 — The Johor-Singapore Special Economic Zone (JS-SEZ) joint agreement between Malaysia and Singapore is expected to be inked by the end of this year, according to the Economy Ministry.

Posted by prudentinvestor > 1 month ago | Report Abuse

Keck Seng's price movement has been quite lethargic since the beginning of February. Looks like consolidation could be over by now.

Posted by prudentinvestor > 1 month ago | Report Abuse

Volume too low, price movement could be easily manipulated.

Posted by prudentinvestor > 4 weeks ago | Report Abuse

Crescendo Corporation Bhd has just disposed of another piece of land in Pulai area, this time to Microsoft Payments (Malaysia) for RM132.47 million or RM120 per sq ft. Keck Seng has over 600 acres of development land in the area. Imagine how much this piece of land is worth if it fetches the same price as Crescendo's land. This is only a very small part of what Keck Seng possesses.

Posted by Diamond7 > 4 weeks ago | Report Abuse

The completion of the JB-Singapore Rapid Transit System (RTS) by early 2026 will be a significant game changer for Johor's property market.

Relaxation of conditions for the Malaysia My Second Home programme, along with increasing rents in Singapore, has boosted the attractiveness of Johor properties.

In light of these developments, kSeng will see more n more profits each coming quarter...with the sale of more properties n industrial land!!!

Posted by prudentinvestor > 4 weeks ago | Report Abuse

Nothing so special about its special dividend. I thought it is 50 sen a share.

Posted by Superdaddy > 4 weeks ago | Report Abuse

Not too bad 5cts final dividend and 5cts special dividend. All in 10cts still quite reasonable for all holders. Cheers!!!

Posted by Superdaddy > 3 weeks ago | Report Abuse

Kseng is one quality gem no one will ignore again now and in coming future. Cheers!!!

Posted by Superdaddy > 3 weeks ago | Report Abuse

Kseng is one quality gem no one will ignore again now and in coming future. Cheers!!!

Posted by Diamond7 > 3 weeks ago | Report Abuse

date: Sun, 07 Apr 2024, 03:37 PM
JOHOR BARU: Johor Menteri Besar Datuk Onn Hafiz Ghazi aims to integrate Forest City into the Johor-Singapore Special Economic Zone (JSSEZ) to boost its economy and revival.

"We anticipate a surge in Forest City economic activities in the near future with the initiatives the state government has planned for its revival."

He said the state government planned to breathe new life into Forest City by including the US$100 billion project by Chinese developer Country Garden in the JSSEZ.

He said having Forest City, which has Special Financial Zone (SFZ) status, be part of the JSSEZ would be a game changer with domino effects for Johor.

"It will increase cross-border labour activities and investment flows."

Forest City's SFZ status with tailored incentives and regulations will foster financial innovation and entrepreneurship, making it a global hub for finance and trade.

Onn Hafiz said one of the initiatives in the works is establishing the one-stop Iskandar Malaysia Facilitation Centre in Forest City.

The centre will serve as a vital link between government agencies, businesses and investors and will cut red tape.

"The centre will expedite decision-making and unlock the full potential of Forest City's economic opportunities," Onn Hafiz said.

Tourism Minister Datuk Seri Tiong King Sing has agreed to hold the Asean Tourism Forum between Jan 19 and 25 next year at Forest City.

This will showcase its potential as a premier destination for tourism and hospitality.

Onn Hafiz said promotion strategies, business package offerings and logistical preparations for international events were discussed at a recent meeting with Forest City representatives.

Forest City vice-president Syarul Izam Sarifudin said discussions were held with the Finance Ministry to realise the tax incentives under the SFZ.

Posted by Diamond7 > 3 weeks ago | Report Abuse

Iskandar theme play 2.0
Jewels in the south!
KSeng properties n industrial land will sell well with the SFZ status in JB n the completion of RTS

Posted by speakup > 3 weeks ago | Report Abuse

https://theedgemalaysia.com/node/707256

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Earnings have increased by over 150% over the past 10 years but dividend has increased by just 50%. This has disappointed many small investors.

Posted by speakup > 3 weeks ago | Report Abuse

https://www.malaysiakini.com/columns/702350
so much hope on this guy, but he let all of us down
so much optimism on this guy, but he disappointed us all
GE16, aku tak undi PH (& PN). aku BOYCOT GE16!

Posted by stockraider > 2 weeks ago | Report Abuse

Kseng like its counterpart Oriental will rise sharply soon loh!

Posted by prudentinvestor > 2 weeks ago | Report Abuse

Apollo's share price shot up by over RM2 after it announced a second interim dividend of 50sen a share. Keck Seng can easily afford to pay a final dividend of over 50 sen a share but its directors chosen not to.

Posted by Diamond7 > 2 weeks ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1309889

Plenty of hope!
Wait patiently!

JB land assets is very valuable
Hidden gem!
JB will be the new Shenzhen!

Posted by prudentinvestor > 2 weeks ago | Report Abuse

Many people already know that Keck Seng has a lot of valuable land in JB but are unwilling to invest in the company because of its management.

Posted by Superdaddy > 2 weeks ago | Report Abuse

No worries bro, sooner or later it will surely blooms. Cheers!!!

Posted by Diamond7 > 2 weeks ago | Report Abuse

Later fly non stop....like cresendo!...
N all the funds will rush in to buy!!!

Posted by prudentinvestor > 1 week ago | Report Abuse

It will fly only when a new management takes over, unrelated to the Ho family.

Posted by Gentingbig > 2 days ago | Report Abuse

AT this PRICE LEVEL without foreign fund or local intuition investment its a risk lah. i rather buy YTL corp. no trading since opening till now

Posted by prudentinvestor > 2 days ago | Report Abuse

Investors buy a counter for various reasons. Keck Seng investors are eyeing its grossly undervalue assets, the vast majority of which have not been revalued since the early 80s.

Posted by prudentinvestor > 2 days ago | Report Abuse

Ten years ago, Keck Seng had 9161 shareholders while those holding more than 100,000 shares held some 78.5% of its shareholdings. 5 years ago, the number of shareholders had decreased to 8032 while those holding more than 100,000 shares had increased their control of the company to 80.7%. Last year, its total shareholders further decreased to 6739 while those holding over 100,000 shares had increased their stakes to 83.1%.

Posted by Superdaddy > 9 hours ago | Report Abuse

Wah, prudentinvestor you're truly amazing knowing the company shareholdings in such details. Cheers!!!