Posted by bakri_daud > 2021-03-05 22:58 | Report Abuse

At SGD0.44, it is very discounted from its NTA. Plus with its stellar plantation performances, I will keep buying. It is a bargain compared to SGX's First Resources, Wilmar, Bumitama Agri and Indofood Agri. MKH should consider listing its stellar plantation on SGX, or farm out its stellar management team to SGX-listed plantation giants for premium management fees.

Posted by bakri_daud > 2021-03-05 23:02 | Report Abuse

Tan Sri Chairman and his plantation team should be proud of their achievements. He must be paying them well otherwise SGX's First Resources, Wilmar, Bumitama Agri and Indofood Agri would have headhunted them. I think MKH's plantation has good upside potential.

Posted by Steph1983 > 2021-03-07 10:44 | Report Abuse

I will buy more. Upside 1.65 easy you see MKH plantation. MKH property recover see 3-5 years.

Posted by Steph1983 > 2021-03-07 10:52 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/03/05/sunway-property-aims-for-higher-sales-this-year Sunway Property every time good sales. MKH try offer managing director Sarena Cheah join MKH. I buy their share also, she got quality.

Posted by parkbonhwa > 2021-03-07 13:53 | Report Abuse

@hopetobecorrect
many south korean family-run chaebols have been criticized for low dividend payouts and other governance practices that favor controlling shareholders at the expense of ordinary investors. chaebol family and relatives will hold high positions. how is mkh structure, same as chaebol?

Posted by hopetobecorrect > 2021-03-08 10:19 | Report Abuse

@parkboonhwa
based on your description, MKH does looks like south korean chaebol. from their annual report, the Chen's brothers do hold important positions in the company drawing high salary.
no idea about second tier mgmt.

Posted by laurencelai > 2021-03-10 12:24 | Report Abuse

BUY BUY BUY. Glad I bought more after seeing Plantation performance at AGM and Q1 announcement. Today 1.41. This counter go UP UP UP. Plantation, please help the share go UP UP UP!

Posted by DreamEmperor > 2021-03-10 12:25 | Report Abuse

Waah

Posted by DreamEmperor > 2021-03-10 12:25 |

Post removed.Why?

Posted by DreamEmperor > 2021-03-10 12:25 |

Post removed.Why?

Posted by DreamEmperor > 2021-03-10 12:26 | Report Abuse

Okay also la

Posted by DreamEmperor > 2021-03-10 12:26 | Report Abuse

Boleh juga la

Posted by DreamEmperor > 2021-03-10 12:26 |

Post removed.Why?

Posted by DreamEmperor > 2021-03-10 12:26 | Report Abuse

Very good

Posted by DreamEmperor > 2021-03-10 12:26 | Report Abuse

Excellent

Posted by DreamEmperor > 2021-03-10 12:27 |

Post removed.Why?

Posted by DreamEmperor > 2021-03-10 12:27 | Report Abuse

Congratulations

Posted by DreamEmperor > 2021-03-10 12:27 | Report Abuse

Keep surging

Posted by DreamEmperor > 2021-03-10 12:27 | Report Abuse

Good luck

Posted by eunicegoh > 2021-03-10 12:35 | Report Abuse

https://www.theedgemarkets.com/article/eurocham-monitoring-fgv-and-sime-darby-plantations-ban-us-customs-border-protection Rare to see Property counter going up in this time. And MKH Plantation performing better than big plantations like FGV and Sime Darby. 1.40, can add more shares!

Posted by eunicegoh > 2021-03-10 12:36 | Report Abuse

MKH management, you should consider buying more plantations. Or takeover poorly-managed plantations in FGV and Sime Darby. Turn them into MKH standard, make money for shareholders.

Posted by hueimin1972 > 2021-03-10 12:46 | Report Abuse

Tan sri chairman and plantation mngmt, you have our confident. We support your share, you show us proformance. Mkh keep surging!

Posted by hueimin1972 > 2021-03-10 12:48 | Report Abuse

Property mngmt, learn from other good developers. Must improve like their good proformance. Good luck!

Posted by SiewLeong > 2021-03-10 14:50 | Report Abuse

Malaysia's palm oil inventories fell more than expected in February as production declined to its lowest in five years and imports plunged, industry regulator data showed on Wednesday.

Stockpiles in the world's second-largest producer of palm oil fell 1.8% from January to a three-month low of 1.3 million tonnes, according to Malaysian Palm Oil Board (MPOB) data.

Crude palm oil production fell 1.85% from the previous month to 1.11 million tonnes, marking a fifth straight month of declines, as a labour shortage and adverse weather conditions continued to curb yields.

"Production was lower compared to market estimates," said Marcello Cultrera, institutional sales manager & broker at Phillip Futures in Kuala Lumpur.

"Imports which saw a 47% month-on-month decline were way lower while domestic consumption were higher than expectations," he added.

Exports slumped 5.5% to 895,556 tonnes, their lowest since February 2007, the MPOB said.

Posted by SiewLeong > 2021-03-10 14:54 | Report Abuse

Malaysia palm oil production kept declining. Yet MKH plantation could have consistent good results. MKH's boss must be very smart to go into the plantation business. Can support this share.

Posted by SiewLeong > 2021-03-10 14:58 | Report Abuse

Tan Sri Dato Chen Kooi Chiew @ Cheng Ngi Chong
Group Executive Chairman

Aged 77, Male, Malaysian

Tan Sri Dato’ Chen Kooi Chiew @ Cheng Ngi Chong serves as the Group Executive Chairman since 30 October 2006. He was appointed to the Board on 27 September 1979 and is also a member of the Group’s Board of Directors and Executive Committee as well as Director of Intelek Murni (M) Berhad, a subsidiary of MKH Berhad.

Other than real estate and property development, he has successfully led the Group to establish and develop oil palm plantation as one of MKH’s present core businesses. To-date, he has been involved in business for about 60 years, of which 42 years were in property development and construction industry and 28 years were in plantation sector.

In recognition of his vast knowledge and experience in the business industry, he was the recipient of “World Chinese Economic Summit Lifetime Achievement Award 2017” and “The International Real Estate Federation (FIABCI) Malaysia Property Man of the Year 2013”.

He is generous in supporting community and educational causes and is also the Chairman for Hulu Langat Chinese & Commerce Association as well as Chairman for Yu Hua National Primary and Secondary School Board.

Tan Sri Dato’ Chen Kooi Chiew @ Cheng Ngi Chong is the brother of Tan Sri Datuk Chen Lok Loi and Datuk Chen Fook Wah. He has no conflict of interest with the Company.

Posted by SiewLeong > 2021-03-10 14:58 | Report Abuse

Tan Sri Datuk Chen Lok Loi
Group Managing Director

Aged 68, Male, Malaysian

Tan Sri Datuk Chen Lok Loi holds a Bachelor of Business Studies (Marketing) from Monash University, Australia. He was appointed to the Board on 31 July 1984 and holding the present position as Group Managing Director since 19 January 2005. He is also a member of the Executive Committee and a Director of GK Resort Berhad and Intelek Murni (M) Berhad, both subsidiaries of MKH Berhad.

He is the recipient of “The Edge Malaysia Outstanding Property CEO Award 2018”, “CIDB’s Malaysian Construction Industry Excellence Awards CEO of The Year Award 2015” and “Real Estate and Housing Developers’ Association (“REHDA”) Personality Award 2013”. He has 39 years of experience in property development and construction related businesses and is the past Chairman of Perbadanan PR1MA Malaysia. He is a patron of REHDA Malaysia and serves as a National Council and Executive Committee Member of REHDA Malaysia as well as the Board of Advisors for Malaysia Shopping Malls Association.

He is an active committee member in various government-private sector organisations that formulate policies governing the housing and real estate industry; holding current positions as the Advisory Council Member of Construction Labour Exchange Centre Berhad and member of PEMUDAH Special Task Force on Kuala Lumpur City Hall. An advocate of healthy living, he is also the President of the Race Walkers’ Association of Malaysia.

Tan Sri Datuk Chen Lok Loi is the brother of Tan Sri Dato’ Chen Kooi Chiew @ Cheng Ngi Chong and Datuk Chen Fook Wah.

Posted by SiewLeong > 2021-03-10 14:59 | Report Abuse

Datuk Chen Fook Wah
Deputy Managing Director

Aged 64, Male, Malaysian

Datuk Chen Fook Wah holds a Master of Business Administration from University of Wales. He was appointed to the Board on 25 November 1999 and holding the present position as Deputy Managing Director since 19 January 2005. He is currently a member of the Executive Committee and also a Director of GK Resort Berhad, a subsidiary of MKH Berhad. He was admitted to the Board of Valuers and Real Estate Agent of Malaysia in 1986. Prior to joining the Group, he was with Guthrie Trading Sdn. Bhd. from 1973 to 1974 and Hilton Realty from 1975 to 1978.

He is the brother of Tan Sri Dato’ Chen Kooi Chiew @ Cheng Ngi Chong and Tan Sri Datuk Chen Lok Loi. He has no conflict of interest with the Company.

Posted by SiewLeong > 2021-03-10 14:59 | Report Abuse

Dato’ Chen Way Kian
Deputy Property Director

Malaysian, Male, Aged 36

He holds a Bachelor of Business from University of Technology, Sydney. He joined MKH Berhad in 2005 and has been appointed as the Deputy Property Director of MKH Berhad on March 2015. Prior to his appointment to the present position, he was Special Assistant to the Group Executive Chairman since 2011. He has been in the property development and agricultural sectors for more than 13 years.

He is the son of Tan Sri Dato’ Chen Kooi Chiew @ Cheng Ngi Chong and the nephew of Tan Sri Datuk Chen Lok Loi and Datuk Chen Fook Wah who are members of the Board of the Company.

Posted by SiewLeong > 2021-03-10 15:00 | Report Abuse

Dato’ Chong Yong Han
Property Director

Malaysian, Male, Aged 49

He was appointed as a Property Manager in Property Development Department of MKH Berhad and was later promoted to General Manager of Property Department in December 2002, Group Senior General Manager in April 2007 and Property Director in March 2013.

He graduated from Lincoln University, New Zealand with Bachelor of Commerce (Valuation and Property Management) in year 1994 and obtained his MBA (Real Estate) in year 2000 from University of Western Sydney, Australia.

He has more than 19 years of experience in property development and construction related businesses. He specializes in development planning and marketing.

Posted by SiewLeong > 2021-03-10 15:00 | Report Abuse

Dato’ Lee Khee Meng
Plantation Director

Malaysian, Male, Aged 42

He holds a Bachelor of Science (Honours) in Economics and Management from University of London, UK. He had further undertaken Certified Credit Professional examinations from the Institute of Bankers Malaysia.

Having started his career as a corporate banker in Malaysia, he moved on to management roles in other industries, with exposure in Southeast Asia and Europe. In 2011, he began his career with MKH Berhad and currently heads the Group's agriculture division.

He is passionate about sustainable palm oil practises and has been an international delegate at Indonesia Palm Oil Conferences since 2012. He has been regularly invited by authorities and industry players to share his views on policies, initiatives, and innovative practices relevant to the oil palm industry.

Posted by SiewLeong > 2021-03-10 15:31 | Report Abuse

From MKH website, these are the 6 top people:

1. Tan Sri Dato Chen Kooi Chiew @ Cheng Ngi Chong, Tan Sri Datuk Chen Lok Loi, Datuk Chen Fook Wah and Dato’ Chen Way Kian are same family people.

(The 2 Tan Sri Chen very experienced.)

2. Dato’ Chong Yong Han graduated from Lincoln University, New Zealand with Bachelor of Commerce (Valuation and Property Management) in year 1994 and obtained his MBA (Real Estate) in year 2000 from University of Western Sydney, Australia and has experience in property development and construction related businesses. He specializes in development planning and marketing.

(Property result must improve. Can he u-turn MKH property's downtrend?)

3. Dato’ Lee Khee Meng is passionate about sustainable palm oil practises and has been an international delegate at Indonesia Palm Oil Conferences since 2012. He has been regularly invited by authorities and industry players to share his views on policies, initiatives, and innovative practices relevant to the oil palm industry.

(Plantation result good. Is he related to the 2 Tan Sri Lee from IOI plantation and KLK plantation?)

Posted by Gan4580 > 2021-03-10 16:20 | Report Abuse

target price how much ?

Posted by steven1977 > 2021-03-10 18:11 | Report Abuse

@laurencelai I bought also!

@SiewLeong Tq for sharing the data. The 2 Tan Sri Chen and Datuk Lee seemed strong and experienced.

@Gan4580 RM1.60 IMHO.

Posted by bclim_83 > 2021-03-11 06:42 | Report Abuse

I bought and sold at rm3 in 2017 before right issue at that time. After right issue, it was still valued at rm2.50 and if i am not mistaken, ICAPITAL bought around rm 2.50. At current price, it is very undervalued, esp now CPO trading near rm 4k

Posted by hopetobecorrect > 2021-03-11 09:55 | Report Abuse

@bclim. since 2017 and right issue, MKH had destroyed shareholder value till now

Posted by bclim_83 > 2021-03-11 11:20 | Report Abuse

Sell on high and buy at low

Posted by Mudahtrader > 2021-03-11 14:38 | Report Abuse

@bclim I also find MKH share very undervalued with their good plantation performance and current high CPO price. I made good money from this share.

Posted by Mudahtrader > 2021-03-11 14:39 | Report Abuse

@hopetobecorrect How?

Posted by sgx130883 > 2021-03-11 15:10 | Report Abuse

Siew Leong, the annual report showed that their plantation results were strong and consistent. Even the plantation big boys only have highest 23 tonne per hectare. But MKH has 30 tonne per hectare! To me, it does not matter if the Plantation Director Dato Lee was from IOI or KLK or is Tan Sri Lee's nephew. To me, what is important is that he is still young in his 40s and has managed this plantation for many years and could deliver such good results. I buy MKH because it is very undervalued and has strong upside with its plantation. I would suggest that they increase their plantation portfolio for future earnings.

Posted by sgx130883 > 2021-03-11 15:15 | Report Abuse

My Malaysia stocks are in specific sectors: Glove, Palm Oil, Banking. This is the only Property counter I bought, because of their Palm Oil performance and results. It attracted my attention a few years ago after my broker introduced to me. I hope they could consider higher dividend. I also have 1961 and 2445 in my share portfolio so you can see that I am particularly attracted to Palm Oil stock.

Posted by hopetobecorrect > 2021-03-11 17:17 | Report Abuse

@mudahtrader sell higher later

Posted by Gan4580 > 2021-03-12 11:22 | Report Abuse

TP 1.60

Posted by hopetobecorrect > 2021-03-12 13:40 | Report Abuse

1.51 also no one want to buy today

Posted by hazli > 2021-03-12 23:03 | Report Abuse

KUALA LUMPUR (March 11): MKH Property Ventures Sdn Bhd, a joint venture company between MKH Bhd and Panasonic Homes Malaysia Sdn Bhd from Panasonic Homes Group, will launch a new block of MIRAI Residences in Kajang 2 this month.
The new block comprises a total of 384 units that come in two or three-bedroom layouts with built-ups of 578, 840 and 931 sq ft. Prices start at RM320,000. Phase 1 (748 units) was launched on Sept 30, 2020 and has currently achieved a take-up rate of more than 90%. As such, this has given the developer confidence to launch the second phase of MIRAI Residences,” MKH said in a press statement.
According to the developer, MIRAI Residences will comprise four blocks offering 1,496 serviced apartments and is expected to be completed in September 2024. The project combines the know-how and technology that Panasonic Homes Malaysia has cultivated in Japan, and will incorporate Panasonic’s Quality Air For Life (QAFL) technology for all units.
By installing an Energy Recovery Ventilation system depending on the room layouts, the temperature variations in the units can be suppressed to save energy. There will also be air conditioning with Nanoe technology for the units, which will help purify the indoor air without the need to open the windows. By responding to the growing customer needs for indoor air quality, MKH aims to provide residents a safe and comfortable living environment,” it said.
MIRAI Residences will also feature more than 40 resort-style facilities, including a futsal court, meditation deck, jogging track, 50m swimming pool, two gymnasium rooms, barbecue pit, and urban farming. The project is a seven-minute walk from the upcoming Kajang 2 KTM station, which will be operating by April this year.

Posted by Gan4580 > 2021-03-13 10:04 | Report Abuse

@hopetobecorrect
resistant 1.51
undervalue stock

Posted by hopetobecorrect > 2021-03-13 10:11 | Report Abuse

Gan4580 , ok trust you. will wait for the resistant to be overcome

Posted by Gan4580 > 2021-03-13 12:04 | Report Abuse

cheers

Posted by Gan4580 > 2021-03-15 10:06 | Report Abuse

break 1.51 liao
fly fly fly to 1.60

Posted by hopetobecorrect > 2021-03-15 14:57 | Report Abuse

Gan4580, sell now or wait for 1.60