yup, just announce in 2015 but didn't follow policy. I am not confident to this management although thestock is definitely undervalue. but I am not dare to buy a lot.
TO by China companies even better since they are looking to invest all along their Maritime Silk Route - infrastructure accompanied by housing and commercial malls! Malaya/Malacca was once the meeting point for trade between East Asia and India, Africa and Middle East all the way to Europe. This role is going to be reprised under China. Chinese goods and services can be stock-piled in JB, Malacca and Carey Island or even KL. Goods from West of the Malacca Straits (India etc) can be brought to the same place where they can be bought/sold wholesale by buyers/sellers from both East and West along the Maritime Silk Route. Malaya will once more be the great emporioum (Golden Chersonese) like Malacca was, only on a scale of many times greater! KSL is going to benefit from this.
One article today and the price moves up 10sen which is 10% for the day, too good to be true. Basically it is a sudden surge of buying from followers of this writer and hope the price will sustained. Otherwise someone is making your hard earned money, so be beware and cautious as there is no free lunch.
KSL is very much undervalue and performance is still ok. But, the main reason is the goreng kaki have collected enough and time to push while market is hot.
sifus out there, can somebody knowledgeable share that how much KSL have used up the bandar bestari land for development? how much left for development?
KSL's project in Bandar Bestari, Klang is only about 20% developed. There is still a lot of land left for future development. Ongoing projects in Klang under development now are shophouses and 3 blocks of condominiums. Launching soon are two phases of landed properties comprise of semidees, cluster houses and superlinks.
Apart from Klang, KSL is also actively developing in Johor Baru. The highrise development especially from Mainland Chinese developers in Johor Baru are oversupplied. KSL has since moved to launching landed properties especially in Bestari Indah (Ulu Tiram), Bestari Kempas (Kempas) and Nusa Bestari (Buikit Tinggi). All of them are in Johor Baru.
There are a lot of Johor Baru people who work in Singapore. With the high exchange rate of RM3.13 to S$1, these ppl have a lot of excess money to buy first or even 2nd properties and they are the target customers of KSL. These group of local ppl prefer to purchase reasonably priced landed properties from local developers like KSL. They are not interested in the overpriced condominium developed by the Chinese developers like Country Garden, R&F or Greenland.
many property counters are undervalued on a long term view but to surge 10% in an industry downtrend does seem fishy (unless there's some insider news). will be interesting to see if the IBs will keep the price below 1.20 before the call warrant expires
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....
speakup
27,061 posts
Posted by speakup > 2017-02-07 09:57 | Report Abuse
some vol is understatement. got a LOT OF VOLUME!