Net cash and PE about 5. But the controlling shareholders are not sharing profits with you via dividend. This could be due to reasons such as controlling shareholders treat the company’s money are theirs, they seeing recent surge in profits as unsustainable, they reserving ALL cash to buy land and expand, etc.
KSL, a company that dont bother with Investors. It has not given Any Dividend at All !!, in all the years. Compare with Crescendo. Very high Earnings per share of over RM 1/ just for One Quarter. !! Profit was more than normal 10 years of operation. Recently gave 18 cents per share Dividend. Now, giving Bonus of 2 for 1. With 700 over millions worth of sales and enormous profit, this September, will give very good Dividend as can be seen from KMLoong the plantation company with same owner. Still have lots of land in Johor for Development, for Industrial and Commercial, including developments near RTS center. Sure sell like hot cakes. !!!
Minority shareholders need to form a Minority Shareholders Oversight Committee to represent minority interest in KSL Board of Directors. The KSL Chairman and Board if Directors don't care minority shareholder interest.
I m using AdvancedGet for TA. Oscillators(S,M,Long-term 5/17,5/35,10/70), XTL and moving average with offset (S,M,L-term 5/3,8/5,13/8). All indicators show weakness . Be aware of being boiling frogs!
Hi Eggplant, Thank you for the question. Let me start by saying i have been a small shareholder for KSL for many years since the time they use to give 2 lunch vouchers every year at KSL Mall. I believe the Ku Brothers and family have done a great job bullding KSL Holdings through their frugal conservative Management style. Today KSL Holdings stand tall among the well capitalised public company with close to MR 500 millions cash and huge landbanks in Johor plus KSL Malls in JB and Klang despite COVID 19 that bankrupted many companies. That being said, I believe the Chairman and Board of Directors can do more to bring the company to higher level. Currently most analysts agreed the KSL Holdings shares are grossly undervalued. With the PE about 5 and NTA od about RM3.50, how can KSL Holding share be at RM1.95 to Rm2 only? This I cannot understand why the Chairman and Board of Directors are not looking at ways to rectify this. Obviously to increasing the PAT is one way, but there are still so many actions can be taken as suggested by many experts by Mr Koon Yew Yin and few others. Policy for declaring Dividend, under what scenario will the company declare a decent dividend like most companies do. Data Center in JB is booming, what is KSL plan with huge Landbank? Any plan to build data centers? Sometimes I think besides, the Quarterly Results Announcement and Annual Shareholders meeting KSL Holding do no other communication to minority shareholders like us. Is the Chairman and Board of Directors thinks that as Majority Shareholders including their family friends etc, they don't need to care about the other 35% shareholder? This is why I believe the minority shareholders must form this Minority Shareholders Oversight Committee to tell the Ku family we are also KSL Holding owners albeit smaller % than them. I hope this can explain. Tks
Hi cpfam230, it is always a good idea to have MSOC, but the question is who has the money and power to champion this initiative? Perhaps, EPF or KWAP or the big mutual fund shall take a more active minority role in the local listco management by fostering shareholder best practices and "penalise" the bad intended listco.
Hi Hulkbuster, tks for the msg. The key objectives of this KSL Minority Shareholders Oversight Committee(KSLMSOC) is: 1) to unite the minority KSL Holdings Shareholders to speak with one strong voice with KSL Chairman and Board of Directors for the key vision to bring KSL Holdings to higher level. 2) To work closely with KSL Chairman and Board of Directors for improvements to KSL Holding Management and Policies which take into conisderation of the Company wellbeing, Shareholders value and look after the interest of Minority shareholders 3) As a reminder to the Ku family and relatives that KSL Holdings is a public listed company with need to look after the interest of approximately 35% Minority Shareholders who are legally owners of the company and will speak up anytime to protect the Company and Shareholders interest. As a small minority shareholders, I am willing to volunteer to get the ball rolling by getting the list of Minority Shareholders and total Shareholding and write to KSL Chairman and Board of Directors, Bursa Malaysia, and SSM and other legal requirements to form this Committee. If we as Minority shareholders is not willing to put in the effort to safeguard the Company and our interests, who is going to??? Tks Bruce Fam
RISE OF DIESEL PRICE BY 52% CAUSED PROPERTY, CONSTRUCTION AND OTHERS CUT INTO THEIR PROFITS, BETTER BUY EAST MALAYSIA OIL PALM STOCKS DUE TO NO DIESEL PRICE SPIKE, Calvin Tan
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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Posted by calvintaneng > 1 month 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