so what, continue to be the most underperform johor property among its peer. No dividend despite sitting on huge cash pile, no bonus issue despite retaining earning is 4 folds of share capital. The management just keeping all these in their pocket, shareholder wont benefit even 1c from the company.
Family run business. Company paid the three brothers very well but no dividend to shareholders And now is the turn of children to be appointed to executive director.
Investor have more confident now after 2Q result. Previously they r questioning the sustainable earning after EPS jump from pre-pendemic 20sen to last year 36 sen. Positive factors catalyst like booming JB economy, More project launch , Strong RM.
Dividend Reinvestment Plan = duit masih dalam company and shareholder get an extra share paper only. In conclusion, KSL give u a share paper, u go bursa goreng urself. When the share base enlarged, KSL is more liquid, but share price is likely to drop. Because U need to look for waterfish to buy these dividend reinvested shares (AKA paper share) while KSL top management still busy counting paper MONEY.
Give out dividend (from the company earning), is the only driving force for the share price. OR goreng by ppl.
KSL obviously a value trap stock, with such low PE, higher than avg ROE, net cash stock yet underperform most other big/mid cap properties stock like mahsing simeprop ecowld spsetia. Better stay away from this kind of company.
2Q24 sterling results but noting happening in the share price and not a whisper from the KSL Holding Chairman and Board of Directors, no happiness and no sadness just no f,,,k. Sometimes. As a small shareholders of KSL Holding for many years, i cannot understand the Chairman, Board of Directors and Management. Do they know Public Relations of a Public List Company or they play dumb? I still believe the Ku Brothers are good honest business and very conservative in their Management style hence the way they manage this PUBLIC LISTED COMPANY like their own.company. They reason they get away is because the Minority Shareholders are weak and scattered like a loose bunch of chopsticks. Until minority shareholder unite under the Minority Shareholders Oversight Committee with one voice to query the Chairman and Board of Directors, they will continue to behave like this. Mr Koon latest article compare 9 public companies KSL Record Profits, KSL almost top in everything except KSL is highly undervalued. Why is the Chairman and Board of Directors not care about this? While I believe the Chairman and Board of Directors are all good honest businessmen who has the company Shareholders interest,in mind but I cannot figure why no actions except running the company to make more Profits? Fortunately SC has instructed all Bursa Public Listed companies must have physical meeting instead of hiding behind the Virtual meeting. Next AGM let meet the Chairman and Board of Director face to face and ask them why? Generally speaking, I am not refering to KSL but general discussion I google or CHATGPT why a Public List Company want to keep the share undervalue? The possible reasons: 1) Company want to buy back the cheap shares at a discount 2) Risk of Takeovers: Bidders who seek to takeover a company by obtaining a majority of shares can more easily afford to do so when the stock is trading at a lower price 3) Attracting retail investors. Lower share prices can make stock more appealing to individual investors who may be deterred by high prices. This can broaden the shareholders base and potentially increse demand for the stock There may be other resons anyone esle can add?
reinvestment meaning the dividend wont be going into ur pocket :D The owner still keep everything to themselves and minority shareholder only can see the valuation but cannot benefit from it, A typical type C family run business, u will be wasting your time if u hold this stock
Dividend reinvestment share can sell in open market, it is almost same like cash dividend, or you can say is bonus issue, and at least we can get something rather than nothing
Invest_888, your day dreaming will never come true, there is some reason holding KSL back from giving dividend despite of sitting on a whooping 300mil net cash. Maybe there is some... unforeseen BAD NEWS coming?
Good idea to have a casino in Forest City since it is already a duty free island, and special financial zone with low taxes.
Proximity and ease of travelling from Singapore will lure more Singaporean to have more thrill and better entertainment in JB. Malaysia already got one in Genting, no harm having another one near to Singapore. Just need to charge a day-membership fee (say rm 100 or 200) for Malaysian to gamble there, and of course Muslim are out of bound.
Institutional funds avoid this stock. Look like major shareholder is happy with director fee. No dividend tak apa. Ini macam take it private better can syiok sendiri.
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Posted by Invest_888 > 2024-08-29 10:11 | Report Abuse
KSL remains most profitable developer in Malaysia. Consistently make money with valuable JB landbanks. Latest QR is 11.27cent.