What Eddy Chen announced yesterday on the RM1bil launching is for next financial year. FY16 ends on 30/9/16. RM1bil launching for the first 6 to 9 months FY17. Whole year will be RM1.3bil to RM1.4bil. That is fantastic! Next year should still be another fruitful year. MKH products still can sell in this market because they are affordable and competitive.
The JV wih Sim See Hua Brothers Sdn. Bhd. in Kajang 2 should be launched soon. Just imagine, more than 400 acres in Kajang 2 (including their own land), serviced by KTM and MRT. That project will definitely sell well.
While other Southeast Asia countries' currencies depreciate, your investment in MKH has just increased with appreciation of IDR. Very resilient. Many investors flock to Indonesia. http://www.bloomberg.com/quote/USDIDR:CUR
The return is better than the figure stated within 1 year window.
Mr Koon is a gentleman, he does not dictate the stock I buy. I buy any stock without seeking his approval. I buy the stock according to my strategy without any interference.
Rising oil price is good news to CPO price! Now that major oil producers agree to cut production (or you may just deem oil production is frozen), the floor price may have been set. India's CB cuts its interest rate is also good news to CPO price!
Bonus issue is just accounting. No real value added. Unless MKH is confident about expansion whereby a large capital base is needed and more reflective. But can't see the case for larger capital base.
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....
Ooi Teik Bee
11,565 posts
Posted by Ooi Teik Bee > 2016-09-26 16:07 | Report Abuse
MKH is breaking new high of 2.99. It is a breakout chart.
Thank you.