Tanhy123, I thk they are buying land. KSL has increased its landbank to more than 2000 acres especially during this time when land price has come down. KSL is being low profile on good news. They try to keep the market from pushing up the share price. They are very happy with the extremely depressed share price so that they can accumulatate slowly and cheaply.
Taman Kempas Indah is a 237-acre development township featuring bungalows, cluster houses and service apartments. Taman Kempas Indah is 14 kilometres north of the Johor Bahru City Centre. The township is also accessible through the North-South Highway, Pasir Gudang Highway and Tebrau Highway via the North-South Highway. Besides this, it is also located near the upcoming Kempas Sentral, which features the Rapid Transit System (RTS) railway link and proposed High Speed Rail (HSR) that connects to Singapore and Kuala Lumpur.
As at 31 December 2015, D’Secret Garden @ Kempas Indah, a 6.2-acre residential development featuring three blocks of service apartments with total of 1,302 units with sizes ranging from 510 to 1,400 sq ft was under active construction. The project has an estimated GDV of RM 813 MILLION and is targeted for completion in 2016.
The KSL Residences @ Daya is a 5.39-acre integrated development consisting of a hotel and three blocks of service apartments. Located 8 kilometres north of the Johor Bahru city centre, the project features excellent connectivity via the Johor Bahru Eastern Dispersal Link Expressway and existing road networks to various shopping and recreational centres, Senai Airport and the Johor Bahru Customs, Immigration and Quarantine Complex (CIQ). As at 31 December 2015, KSL Residences @ Daya was under active construction. With a total of 1,064 units of residences with sizes ranging from 456 sq ft to 2,753 sq ft, the project has a GDV of RM 531 MILLION and is targeted for completion in 2018.
The Group is developing Taman Mengkibol in Kluang, which is located about fi ve minutes away from Kluang town and is easily accessible via the North-South Highway. As at 31 December 2015, two residential developments were under active construction. A total of 213 units of double-storey terrace house, double-storey shop office and three-storey shop office with an estimated combined GDV of RM 96 MILLION are targeted for completion in 2016 and 2017.
The Group is currently developing 54 units of double-storey semi-detached landed properties in Bandar Bestari, Klang. The project has an estimated GDV of RM92 MILLION. It was launched in last quarter of year 2014 and it is expected to be completed by second quarter of year 2016. To add to the portfolio, the Group is also developing 67 units of triple-storey shop offices within the township with an estimated GDV of RM 145 MILLION. The development is expected to be completed by last quarter of year 2016.
Maple Residences is a high-rise residential development located adjacent to Canary Garden @ Bandar Bestari. It comprises 3 towers with 597 well-designed units completed with facilities such as gynasium, swimming pool, jacuzzi, children playgound, bonsai and rock garden, meeting pod, stepping rail and others.
The development projects an estimated GDV of RM 396 MILLION. Tower A and Tower B were formally launched in third quarter of year 2015. Premium Tower C was launched in last quarter of 2015. Positive feedback and encouraging sales were recorded as at year end 2015.
The local property market may be quietly moving towards the recovery path....provided that the developers can give the right products.....either landed ....or condos at the right sizes and not overly priced in the right locations.... hopefully KSL would be able to capitalize fully on the recovery path by launching the right products and shine again. The following news could be an early sign of the gradual & subtle recovery in the property market....
Isn't it a conflict of interest or unprofessional & disgusting for Kenanga Research to have issued two sell calls on KSL at such low TP of 99 sen after Kenanga Investment Bank issuing the call warrants KSL-CF? Pity those initial call warrant subscribers.
Why it has ascribed so low PE ratio to KSL in valuing the stock whilst ascribing much higher PE ratio in valuing Eco World?
Valueinvestor, the research houses sometimes issue calls that are absurd and totally unprofessional. They are giving a target of RM0.99 for a company with RNAV of RM7.07 (given by them in their research). Unbelievable! RNAV is the actual net worth of the company per share where the assets are calculated to reflect the actual current market values.
I try to let some users here who want to know the situation in a simplified way.
It is like you have a double story linked house that worths RM707k, and a agent come to you and tell you,
"Yes, your house actually worth RM707k, but the market is really bad now. I think you should sell it at RM99k."
All the assets of KSL are real properties. More than 2000 acres of development lands, 2 hypermarkets, 800 rooms KSL hotel and KSL City Mall (one of the most popular in JB). All are hard asset.
It is not a company that the assets are some intangible "brandname" goodwill, trademarks, machineries or factory production lines that may become worthless when something go wrong with the company.
It's NTA is abt $2.10 , boss has come out estimated more than $100 millions to exercise thier share of warrant at the mother price around $1.60. If it is worth $0.99 sens ,the boss should let the warrant expired n burnt
Kenanga is rubbish, obvious that the low TP call is due to the issued call warrant, thanks valueinvesrer for the links. Some how the call gives investors chance to accumulate at low prices
Those who subscribed the call warrants have lost almost all of their cost of investments. They should sue Kenanga for such a practice. SC or Bursa should also ensure such practice would not recur.
musangfoxking aiyoh, dont simply say sue!!!! blame ur own stupidity! dont simply buy!!!!!! in general, buy call when mkt bullish n buy put when bearish! now mkt is so bearish u buy call!!!??? 11/09/2016 11:13
Miss Ann Kung had retired as Group CEO since May 2016. No other substantial shareholders has sold since Miss Kung sold despite having a 20% increase in share due to the bonus issue. I would be inclined to top up even as the market bottom out.
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....
raji2015
2 posts
Posted by raji2015 > 2016-08-26 11:30 | Report Abuse
when the qr report will be out. seem like about time