Posted by Diamond7 > 1 month ago | Report Abuse

KSeng's core business is property and development.
Q2 net profit is 26.03 million compared to Q1net profit of 18.875 million.

It's second core business as hotel business .
It's earnings rose from 5.089 to 18.658 million!

It's oleo chemical business profits down to 0.904 million due to US currency fluctuation.
But this is not KSeng's core business.


Overall KSeng performance is good.
Coming quarters in view of JB being new Shenzhen
KSeng 's performance will be even better!

This is a SMART market!
KSeng's share price will continue go up based on it's earnings per share and dividend pay out!

Posted by prudentinvestor > 1 month ago | Report Abuse

Posted by calvintaneng > 21 hours ago | Report Abuse

These are some facts

Refer to Bursa Annual Report

1. Kseng has less than 9,000 acres oil palm lands
While Tsh Resources got over 150,000 acres

2. Spore Dbs Bank in Top 10 of Tsh but not in Top 10 of Kseng

Why Dbs Bank only invest so much in Tsh Resources and not Kseng???

Why?

Calvin the Tua Pao wrote that Kseng has less than 9,000 acres oil palm lands.
This is a deliberate misrepresentation of facts.
1 Keck Seng has nearly 600 acres (237 hec) of residential and commercial lands under
development at Bandar Baru Kangkar Pulai

2 Keck Seng is also the owner of the 500 acre (208 hec) Tanjung Puteri Golf Resort which
consists of a 54 hole golf course, clubs and other recreational facilities.

3 Keck Seng also owns the Tanjung Puteri Resort which is an 800 acre (359 hec) residential, commercial and industrial land under development.

The rest of Keck Seng's nearly 9,000 acre land is under oil palm cultivation. Keck Seng's lands are all located in Johor Bahru, a city with a population of 1.8 million. In comparison, Nusantara is expected to have a population of 1.9 million in 2045. Keck Seng's land is worth at least RM4.5 to RM5 billion but TSH's land is worth at most RM10k per acre or just RM1.5 billion in total. One is a useless stone, the other is a piece of diamond.

Posted by kk7198 > 1 month ago | Report Abuse

I would think Oriental ( 4006 ) is better bet than both TSH and K Seng. Oriental has net cash of 3.1 billion and many undervalue lands. Better buy now as it would not stay below RM7.00 next year.

Posted by prudentinvestor > 1 month ago | Report Abuse

Oriental Holdings has more cash per share than Keck Seng but Keck Seng has lots of properties purchased over 40 years ago and yet to be revalued.

Posted by prudentinvestor > 4 weeks ago | Report Abuse

When Covid 19 lockdowns triggered a world wide economic recession and resulted in Keck Seng posting losses in 2020, it immediately stopped paying dividends though it still had plenty of cash. The Genting group of companies, though suffering from several years of losses continued to pay reasonably good dividends. Keck Seng's profit increased by several folds in 2023 and 2024 but it only increased its dividend payout by a disproportionate amount.

Posted by prudentinvestor > 4 weeks ago | Report Abuse

I think Oriental Holdings is a good and well managed company worth a second look. I have never bought this company before in my few decades of investment experience but have heard of its good performance and know that it is cash rich and had lost its Honda franchise in Malaysia many years ago. Just have a brief look at its annual report and now know it is a well diversified company.

Posted by prudentinvestor > 2 weeks ago | Report Abuse

Publish date: Thu, 19 Sep 2024, 08:22 PM
KUALA LUMPUR: The ringgit has continued to strengthen against the US dollar, hitting a 28-month high versus the greenback after the United States Federal Reserve (Fed) kept to its words and delivered a 50-basis points interest rate cut last night, an analyst said.

At 6 pm, the local note surged to 4.2025/2105 versus the greenback from Wednesday's close of 4.2410/2460, retaining its position as one of the top performing currencies in the Asian region.

All the foreign exchange gains over the past two over years have been wiped out if the company has not pared down its foreign exchange holdings. I doubt it has.

Posted by Diamond7 > 6 days ago | Report Abuse

KSeng's core business is property n development
Next is hotel business

The strong ringgit will affect the Forex exchange n this loss is minimal...can easily be absorbed by it's core business gains n profits!

KSeng will continue to report higher n higher earnings every quarter!

Land is scarce!
JB properties/ industrial lands ....selling like hot cakes!
Sunway properties launched it's residential properties in JB n was fully sold in two hours!!!

Posted by Diamond7 > 6 days ago | Report Abuse

Beauty of JB theme play is..
Cresendo n KSeng...
It's still young....
More to come!!!

Posted by prudentinvestor > 4 days ago | Report Abuse

Since Keck Seng is so grossly undervalued, the management should immediately spring into action after obtaining shareholders' mandate to buy back up to 10% of its issued shares but they practically did nothing.

Posted by mf > 4 days ago | Report Abuse

Indices
FBM KLCI

FBM KLCI

1,634.94

-21.45

1.29%

Posted by prudentinvestor > 4 days ago | Report Abuse

Economics reporter mf is back again but I don't need his service.

Posted by jongtpuk > 1 day ago | Report Abuse

https://www.businesstoday.com.my/2024/10/04/jcorp-launches-new-container-operations-at-tanjung-langsat-port/
https://tlpterminal.com.my/wp-content/uploads/2024/04/Brochure-TanjungLangsatPort.pdf

Keck Seng's land in Tanjung Langsat will reap the benefits of this proposed new container port.

Posted by prudentinvestor > 1 hour ago | Report Abuse

Keck Seng has almost 5,900 acres of oil palm estate including 50 acres of industrial land just north of Tanjung Langsat Port. Part of the land is leasehold but the lease expires in 2115. The net book value of this piece of land is only RM32.6 million.