Yes correct Just unlocking by sale of King Koil has turned Kps into a Net Cash company
Assets are cash in solidification. And Kps still got lots of non core assets to liquidate for cash to give out special dividends like Pelikan. Management has given guidance to sell non core assets for cash. This single move will now see patient investors rewarded
We will know what Management will do with RM 51mil ( long term plan for Top Executive ) when EGM is called for Plaza KPS Sales------For your reference, Toyoplas & Century Bond Top Executives are offer Prefer Shares in 2021/2 ( They are KPS subsidary Co ) So For main office Boys, I think Bonus ----Free Treasury shares
51mil Cash if used to buy back shares in open market today is 8% of total nosh( 537m or 66m shares ) Employee holding 8% Co shares is Not extraordinary---Most listed Co owners holds about 10--30% Buying back 66m shares now ( being illiquid ) will force Market price to jump
Punters Bet on Data Center bcos it is Hot, not on Co returns. Data Center profit margin is just Project Cost minus Land Cost and Building Cost---The Equipment cost ( 75% of total cost ) has nothing do with Malaysian Co---- Only 2 Long Term Beneficiary ( 50years or more )---TNB and Water Supplier Syabas KPS should benefit Next 50 years as Water Chemical Supplier
The improved earnings for the current quarter was mainly attributable to higher orders from key customers, which in turn increased the overall utilisation rate of production capacity, in addition to having a favourable product sales mix in MalaysiaThe improved earnings for the current quarter was mainly attributable to higher orders from key customers, which in turn increased the overall utilisation rate of production capacity, in addition to having a favourable product sales mix in Malaysia _______________________________________________
Latest VS Industry Qr report ( profit double )--- KPS's CPI is quite similar to VS---- Total KPS Revenue of which 60% from Toyoplas & CPI for next Qr ( 2Q24) will surely indicate Turn-around, same as what is mentioned by VS Industry and 2 others similar Co. namely SKP-R
KPS will record KPS Plaza Sale on 1 July----which mean 3Q24 will record 46mil Cash---DonT worry about 3Q24 results " sure positive "----So how is 2Q24? Expect turnaround on Electronics Export ( almost get report everyweek since May )
https://theedgemalaysia.com/node/652774 __________________________________ Bullish on EMS Co.....KPS is only 60% (Electronics Manufacturing Service Co) But coming 2Q24 will see vast improvement on earnings from ToyoPlast and CPI
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....
calvintaneng
55,045 posts
Posted by calvintaneng > 2024-03-20 10:34 | Report Abuse
Cenbond controls major market of cement bags
It has been profitable
Sure can find buyers