Posted by lcng123 > 1 month ago | Report Abuse

@raymondroy, if you wanna know whether the management is cooking the book, just calculate the trade receivable and revenue of company. As at 20Q4, AR=89.489mil. As at 21Q4, Rev=457.566mil and AR=187.976mil, money collected in 2021=89.489+457.566mil-187.976mil=359.079mil. As at 22Q4, Rev=574.999mil and AR=144.078mil, money collected in 2022=187.976mil+574.999mil-144.078mil=618.897mil. As at 23Q4, Rev=1,140.637mil and AR=263.686mil, money collected in 2023=144.078mil+1,140.637mil-263.686mil=1,021.029mil. As at 24Q1, Rev=328.259mil and AR=465.151mil, the money collected in 24Q1=263.686mil+328.259mil-465.151mil=126.794mil. So from 2021-2024Q1, total revenue=2,501.461mil and total money collected from customers=2,125.799mil about 85% of total sales has received from customer during this period. Do you think the management is cooking the book ?

Posted by daretocutandchange > 1 month ago | Report Abuse

yes,ksl it's balance sheet is the best !

Posted by Alex_Kho > 1 month ago | Report Abuse

KSL Holdings Bhd is a hidden gem in Malaysia's property market, with significant potential due to its extensive undeveloped land holdings in Johor. The company's strategic locations near the rapidly growing data center hub position it for substantial future growth. Based on peer valuations, KSL's projected stock price could reach RM14.49. If you invest in 1,000 units at the current price of RM1.84, the value could potentially rise to RM7,250, representing a 294% return, even without direct involvement in the AI boom.

KSL's strong financials and prime undeveloped properties make it an attractive investment opportunity. With Johor's ongoing development, KSL is well-positioned to benefit from increased property demand, offering significant upside potential for investors.

Let me know what you think.

https://klse.i3investor.com/web/blog/detail/financeforall/2024-06-09-story-h-159760945-KSL_Holdings_Bhd_An_Undervalued_Gem_Poised_for_Growth_A_follow_up

https://bit.ly/KSLBHD

Posted by NickelLee > 1 month ago | Report Abuse

IWCity (1589.KL) Biggest Laggard In Johor Property Boom

Over the weekend, The Edge Weekly featured a 200-pager Special Edition titled “JOHOR READY FOR THE BIG LEAP”. Johor since the middle of last year had been the hotbed of investment be it property counters and the involvement in Data Centre Theme. Share prices with exposure to Johor were sure hits for these 18 months. The main catalyst is none other than the sheer amount of FDIs pouring into the state. In addition to the big policy moves to formulate and execute business-friendly decisions in spearheading the state’s economic growth.


Quoting Datuk Ho Kay Tat (Publisher & Group CEO of The Edge)

Publisher’s Note [THE STARS MAY FINALLY BE ALIGNED FOR JOHOR]

“In 2006, Malaysia launched the Iskandar development project to try and push things forward for Johor, but progress has not been as good as hoped and one reason is because of the cool response from Singapore.

But this appears to have changed recently, and there is now bullish optimism in the air because of closer government-to-government cooperation that has enabled things to move. The collaborative construction of the Rapid Transit System Link (RTS Link) from Woodlands in Singapore to Bukit Chagar in the heart of Johor Bahru and the creation of the Johor-Singapore Special Economic Zone will be game changers.

Another factor is that Johor’s Sultan Ibrahim is now the King of Malaysia and His Majesty will definitely give an added push to make things happen sooner, rather than later

For Johor, the stars may finally be aligned”



In a RHB Report dated 13 May 2024 Titled [Real Estate - JS-SEZ: The New Chapter of Iskandar Malaysia] mentioned a list of major landowners in Iskandar Malaysia. Further extrapolating from the list, the table below shows the share price performances of these landowners.


Company Name / YTD-Performance

UEM Sunrise +35.7%
Sunway +65.1%
IOI Properties +37.5%
Mah Sing +125.6%
LBS Bina +16.7%
Ecoworld +47.2%
AME Elite +2.4%
KSL +57.3%
Scientex +13.3%
😲IWCity -0.6% 😲
Crescendo +53.1%
YTL Corp +90.1%
MPHB +53.8%

To many investors' surprise, IWCity is the only company that printed a negative return on share price with a meagre -0.6% contraction. The average YTD return for companies with land banks in Iskandar Malaysia Region was +49.8% and even more on a 1-Year measurement.

Surging property prices in Johor as seen from recent transactions with KSL, Paragon Globe, Crescendo and AME Elite are some of the anecdotal evidence that land prices are indeed moving up. Hence, one needs to take a closer look at IWCity as it lags behind its peers by a far margin. Hence, an opportunity for the late comers to catch up with very low downside risks.

https://klse.i3investor.com/web/blog/detail/IWCITY/2024-06-09-story-h-159762931-IWCity_1589_KL_Biggest_Laggard_In_Johor_Property_Boom

Posted by Alex_Kho > 1 month ago | Report Abuse

KSL hitting RM2 soon (hopefully)

https://klse.i3investor.com/web/blog/detail/financeforall/2024-06-10-story-h-159736024-KSL_Holdings_Bhd_An_Undervalued_Gem_Poised_for_Growth_A_follow_up

Posted by Alex_Kho > 1 month ago | Report Abuse

lets go. almost there, once close above RM2 and break all time high.

Posted by GreatDreamer > 1 month ago | Report Abuse

The Edge this week "johor Bahru housing Pty Monitor 1q24" reported very strong market JB for 1q24.

Posted by lcng123 > 1 month ago | Report Abuse

KSL strong uptrend now

Posted by edcheong > 1 month ago | Report Abuse

Go baby go

Posted by dragon328 > 1 month ago | Report Abuse

Eco World yesterday announced to sell a piece of land of 124 acres in Pulai to Microsoft Payments for RM403m or at RM75 psf.

KSL has around 578 acres of land around the area in Pulai, if the land is revalued to RM75 psf, it would be worth RM1.93 billion or close to KSL's entire market cap of RM2.1 billion.

Posted by Alex_Kho > 1 month ago | Report Abuse

while i dont speculate land prices, i do like that outcome. haha. road to RM5, RM1 at the time.

Posted by ks55 > 1 month ago | Report Abuse

Ecoworld sold land in Kulai (Senai), not Pulai.
Pulai land is more valuable as it is nearer to Singapore.

YTLP land all in Kulai (formerly Kulai Young Estate), fetch much lower price then the Ecoworld land.

I don't see any DC operator choose YTL Green Data Centre other than YTLP itself (with SEA and Nvidia), other hyperscale DC mostly in Sedenak, NCIP, and scattered around Iskandar Region. Very crowded now, just like glove manufacturing during the Covid era.

Posted by bryan2003 > 1 month ago | Report Abuse

actually they not necessary to revalue the land. KSL is the property which has highest net profit margin. I suppose this is because their cost for the land is cheap and hence their net profit margin is high when there is new launch.

Posted by lcng123 > 1 month ago | Report Abuse

KSL never sell the land, only develop the land. And KSL is planing with JV to build DC near future

Posted by ks55 > 1 month ago | Report Abuse

KSL profit margin is very high because of low land price. Landed house land cost itself already take up 30% of GDV. If land cost for KSL is 10% of GDV, just from land itself already make 20% profit.

Posted by lcng123 > 1 month ago | Report Abuse

@bryan2003, agreed with you. KSL property development profit before tax margin around 40%

Posted by Eggplant > 1 month ago | Report Abuse

Finally KSL is breaking through RM2 🤗

Posted by Alex_Kho > 1 month ago | Report Abuse

when i bought it at 1.90, people thought i waas crazy. look at it now, this is just the begining.

Posted by Alex_Kho > 1 month ago | Report Abuse

my personal reason why i think KSL can go way higher : https://bit.ly/KSLBHD

Posted by edcheong > 1 month ago | Report Abuse

Not only DC and whatever hype there is now on property counters of Johor. When the HSR eventually happens, and it will, all the property counters will leap up like crazy. So holders of KSL, keep your jewels and add to it.

Posted by Alex_Kho > 1 month ago | Report Abuse

i have to agree @edcheong. RM3 to 5 is easily achievable.

Posted by turbochart > 1 month ago | Report Abuse

2.1 done. 2mth installment. 😀

Posted by scchin58 > 1 month ago | Report Abuse

With a PE of 20 times,and at 40cts eps market cap will hit 8 b

Posted by turbochart > 1 month ago | Report Abuse

KJ . Keluar sekejap😁

Posted by RJ87 > 1 month ago | Report Abuse

No idea what kind of mathematics is this. Sounds more like Scam-matics.
———————————————
Suppose you buy 1,000 shares of KSL at the current price. KSL’s price is low compared to its earnings and other similar companies.
If you buy 1,000 shares of KSL at RM1.84 = RM1,840
If the price goes up by 50% (close the P/E gap) = RM7,250
That is more than double your money.

Posted by edcheong > 1 month ago | Report Abuse

Ready, Get Set, KSL tomorrow and all super johor counters. Wall St rallies, dollar drops after cooler US inflation; Fed in the wings

Posted by Alex_Kho > 1 month ago | Report Abuse

Hey @RJ87,

Totally my bad on that one – thanks for catching it! I had a typo in my previous post. What I meant was that if KSL's P/E ratio matches half the average P/E of its peers, not a 50% of the price.

So, here's the deal: If you buy 1,000 shares of KSL at RM1.84 (costing RM1,840) and KSL's P/E ratio rises to half the average of its peers, the projected stock price would be RM7.25 per share.

Still a pretty sweet deal and more than doubles your investment! Appreciate you pointing out the mistake.

Happy goreng guys.

Posted by ks55 > 1 month ago | Report Abuse

I bought at 40 sen. What is the profit if I sell at 2 ringgit?

Posted by RJ87 > 1 month ago | Report Abuse

As response to your polite reply, I shall apologise for inappropriate remarks.

I wouldn’t recommend using PE of industry as a whole as comparison. Say a new IPO will probably have far higher PE for their potential. E.g. 50sen for 0.005 annualised profit will put it at PE100 just solely on their prospect, but as the optimism of their earning potential subside, price will eventually fall back to normal valuation.

A more accurate valuation method will be comparing to its relatively similar peers in terms of market cap/earnings. e,g Mahsing. Mahsing making less profit with higher market cap at PE 20. If market values KSL 50% of how they value Mahsing will put KSL at PE10. There is almost 100% upside at current price.

Then question will become, how come market don’t value KSL the same as how they value Mahsing. That will open up different can of worms.
_______________________________
Alex_Kho
Hey @RJ87,

Totally my bad on that one – thanks for catching it! I had a typo in my previous post. What I meant was that if KSL's P/E ratio matches half the average P/E of its peers, not a 50% of the price.

So, here's the deal: If you buy 1,000 shares of KSL at RM1.84 (costing RM1,840) and KSL's P/E ratio rises to half the average of its peers, the projected stock price would be RM7.25 per share.

Still a pretty sweet deal and more than doubles your investment! Appreciate you pointing out the mistake.

Happy goreng guys.

Posted by Alex_Kho > 1 month ago | Report Abuse

Thanks for your thoughtful response and insights. You raise some great points about PE ratios and valuation methods, and it's always valuable to consider different perspectives.

I base my selection on my own analysis and metrics, which naturally comes with my own biases. Ultimately, the market will move as it does, and only time will tell how things pan out.

Thanks again for the constructive discussion. We need more of these in the forum rather than just speculative comments.

Posted by Eggplant > 1 month ago | Report Abuse

ks55, are you trying to flaunt your ROI ? 😏

Posted by turbochart > 1 month ago | Report Abuse

Diesel up. Good😁

Posted by turbochart > 1 month ago | Report Abuse

I propose Diesel should be rm6-8!!! Wakakakak...
Why? Many accident due to diesel vehicle

Posted by turbochart > 1 month ago | Report Abuse

On the road, out of 100 vehicle, 50% are lorry，truck, pickup truck, bus van , container, heavy vehicle... Haha

Posted by calvintaneng > 1 month ago | Report Abuse

Posted by zzzzz > 8 hours ago | Report Abuse

day day down,...worst among all JB related counters

SURE!

HIGH COST OF DIESEL UP BY 50% CAUSED CEMENT, STEEL & ALL OTHER CONSTRUCTION MATERIAL PRICES GO UP

CONSTRUCTION & PROPERTY WILL SEE LESSER PROFITS AND PEOPLE SELL LAH

GO BUY HEXCAP (0035) BETTER

Final decision is yours

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-06-12-story-h-159700552-HEXCAP_0035_A_TRILOGY_OF_3_BUSINESSES_FOR_DC_DATA_CENTERS_POWER_TRANSMI

Posted by Eggplant > 1 month ago | Report Abuse

Hexcap is Eddie Ong one ?

Posted by calvintaneng > 4 weeks ago | Report Abuse

YES HEXCAP IS SAME OWNER OF HEXTECH (UP 3,000% AND SPIT BY BONUS)

NOW SEE THIS

THERE IS A LAND CLEANER & GREENER THAN SINGAPORE: AND LAND PRICES AS LOW AS 3 SEN SINGAPORE PER SQ FEET: WHERE TO FIND?

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-06-23-story-h-158783703-THERE_IS_A_LAND_CLEANER_GREENER_THAN_SINGAPORE_AND_LAND_PRICES_AS_LOW_A

Posted by Eggplant > 4 weeks ago | Report Abuse

Looks like KSL is gonna break RM2 again by this week

Posted by Eggplant > 2 weeks ago | Report Abuse

... Need more tongkat ali this KSL to break RM2 😅

Posted by lcng123 > 2 weeks ago | Report Abuse

No power to move up. Need excellent QR and new projects to boost the share price

Posted by Eggplant > 2 weeks ago | Report Abuse

It really eats tongkat ali tdy😆

Posted by lcng123 > 1 week ago | Report Abuse

Again after KSL share price touch 60days MA, rebound starts

Posted by calvintaneng > 1 week ago | Report Abuse

SARAWAK ALREADY OVERTAKEN JOHOR IN FDI



Lots of Lands in Johor have been sold to Data Centers

Now we will see the Same being done in SARAWAK

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-07-12-story-h-157022312-SOME_FURTHER_THOUGHTS_ON_RSAWIT_5113_Calvin_Tan

Posted by turbochart > 1 week ago | Report Abuse

Sarawak buy KSL? Wakakaka... good🤣

Posted by turbochart > 1 week ago | Report Abuse

198 + 7 .

Posted by turbochart > 5 days ago | Report Abuse

KJ. Keluar sekejap.

Posted by Eggplant > 4 days ago | Report Abuse

Gostan again after hitting RM2 😅

Posted by Alex_Kho > 4 days ago | Report Abuse

Based on my analysis, KSL is poised to soar beyond RM2.

Posted by turbochart > 3 days ago | Report Abuse

Alex_Kho, I give you a like!😁

Posted by Eggplant > 2 days ago | Report Abuse

Beyond RM2 when declare dividends 😁