KERJAYA PROSPEK PROPERTY BERHAD

KLSE (MYR): KPPROP (7077)

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Last Price

0.615

Today's Change

-0.015 (2.38%)

Day's Change

0.615 - 0.635

Trading Volume

174,500


7 people like this.

2,043 comment(s). Last comment by fusing79 3 days ago

flyhub888

564 posts

Posted by flyhub888 > 2021-03-25 09:24 | Report Abuse

upppppp

Qwertyuiop

590 posts

Posted by Qwertyuiop > 2021-04-06 10:16 | Report Abuse

Boss already hinted that coming pp around 1.6-1.8, so easily rm2. wait what, hoot9e.

Qwertyuiop

590 posts

Posted by Qwertyuiop > 2021-04-06 12:32 | Report Abuse

Lets to the moooooon!

Posted by moneytree88 > 2021-04-06 16:00 | Report Abuse

Can in now

Invest_888

1,069 posts

Posted by Invest_888 > 2021-04-07 12:24 | Report Abuse

KPPROP use almost IBS(Industrial Building system) to build house that cut cost esp the labour cost and saving time which result in higher profit margin. KPPROP was doing well even in MCO period. The last 4 latest quarterly result the earning per share, EPS was keep on improving, i.e, 4.51cent, 5.31cent, 6.33cent and 11.22cent respectively. Moreover, high unbilled sales.

Share price keep flying now.

Posted by trustmenojoke > 2021-04-09 17:16 | Report Abuse

this counter will fly.

Blesskiss

228 posts

Posted by Blesskiss > 2021-04-10 13:52 | Report Abuse

With good fundamentals, Kpprop price sure move up soon . The past quarters results were excellent and future growth is good.

Qwertyuiop

590 posts

Posted by Qwertyuiop > 2021-04-12 11:36 | Report Abuse

this one after u bought, what u need to do is just to hold it to the MOON.

Posted by lola1010 > 2021-04-15 19:28 | Report Abuse

This share can still go up to > rm 1.50?

Qwertyuiop

590 posts

Posted by Qwertyuiop > 2021-04-16 17:38 | Report Abuse

more than 1.8

Posted by Luke Martin > 2021-04-19 10:14 | Report Abuse

kantoi kena burn

BanyakZhun

296 posts

Posted by BanyakZhun > 2021-04-19 14:31 | Report Abuse

This is not a penny stock.

Dragon88

153 posts

Posted by Dragon88 > 2021-04-19 15:08 | Report Abuse

why price keep going down ? suppose to be a strong counter

yleng83

107 posts

Posted by yleng83 > 2021-04-19 15:27 | Report Abuse

major support break

winnerz

133 posts

Posted by winnerz > 2021-04-19 15:51 | Report Abuse

What a big drop shit today...

Jason

259 posts

Posted by Jason > 2021-04-19 15:52 | Report Abuse

0.8 soon

Ky Siow

47 posts

Posted by Ky Siow > 2021-04-19 15:59 | Report Abuse

Is because who bought RCPS start to sell thier share and made the price drop?

Wowit2021

32 posts

Posted by Wowit2021 > 2021-04-19 16:51 | Report Abuse

sharp drop today...most likely due to RCPS

Posted by Fundaholic > 2021-04-19 17:10 | Report Abuse

JAVAWANA which belong to boss TEE is the only RCPS holder

Deskent

91 posts

Posted by Deskent > 2021-04-19 17:30 | Report Abuse

what is rcps ?

Minagrace

38 posts

Posted by Minagrace > 2021-04-19 17:53 | Report Abuse

Who so kind sale to me today below PP price 1.13?

Posted by conconmaylon > 2021-04-20 01:26 | Report Abuse

Drop like penny stock.

Posted by Luke Martin > 2021-04-20 09:10 | Report Abuse

who still brave enough to not cut loss lol

Ky Siow

47 posts

Posted by Ky Siow > 2021-04-20 10:16 | Report Abuse

buy more.....

yleng83

107 posts

Posted by yleng83 > 2021-04-26 16:35 | Report Abuse

will continue to fall further?

Qwertyuiop

590 posts

Posted by Qwertyuiop > 2021-04-26 19:44 | Report Abuse

no worries, just buy on every single dip :)

Posted by apapuntaktahu > 2021-04-28 19:02 | Report Abuse

Maybe will go south to 0.80

Qwertyuiop

590 posts

Posted by Qwertyuiop > 2021-04-28 20:38 | Report Abuse

if that ever come, all in.

Invest_888

1,069 posts

Posted by Invest_888 > 2021-04-29 13:32 | Report Abuse

RCPS drags down the price of KPPROP even the prospect is good.

Previously never notice KPPROP's RCPS. This makes calculation becoming totally different.

After do google and study the KPPROP RCPS for 2 hours. Still got some doubts about this RCPS. The info that can confirm is such:

1. According to news in August 2019, Total RCPS are issued : 1,574,060,000. (Each RCPS = 17 cent). In 2021, 5 RCPS = 1 KPPROP share. 5RCPS = 85 cent.
2. So far, known RCPS converted to KPPROP shares:
a) 26 Feb2021- 300,000,000 RCPS are converted to 60,000,000 KPPROP shares.
b) 13 Apr2021- 250,000,000 RCPS are converted to 50,000,000 KPPROP shares.


Doubt? How many RCPS left can be converted to KPPROP shares?
Maximum KPPROP share scenario: 1,574,060,000-300m-250m =1,024,060,000 RCPS or 204,812,000 KPPROP shares. Each KPPROP share cost the holder 85cent.
Minimum scenario: All RCPS are already converted to KPPROP shares(best condition)

Now, the known total number of issued shares of KPPROP are 400,142,339(included the private placement of 90,000,000 cost RM1.13 per share on 02March2021). Due to uncertain about the remaining RCPS, just calculate the best condition that suppose no more RCPS can be converted to KPPROP shares.

Due to significant increase in KPPROP shares to 400,142,339, the earning per share will be diluted accordingly. Let say the profit remained the same as the latest financial result(31DEC2020), the profit after tax is RM22,209,000 with earning per share is 11.22cent on 31Dec2020.

Now, earning per share,EPS= 22,209,000/400,142,339=5.55cent only.
Besides, the Net asset per share will be reduced significantly too, no more RM1.79 as declared in 31Dec2020.

Maybe someone can help to answer how many RCPS left that can be converted to KPPROP shares?

Ky Siow

47 posts

Posted by Ky Siow > 2021-04-30 16:22 | Report Abuse

EPS should count 4 quarters.......

Invest_888

1,069 posts

Posted by Invest_888 > 2021-04-30 19:53 | Report Abuse

The above EPS calculation was based on latest quarterly result only.

yleng83

107 posts

Posted by yleng83 > 2021-05-03 16:11 | Report Abuse

soon below 1, can buy

Ky Siow

47 posts

Posted by Ky Siow > 2021-05-17 11:09 | Report Abuse

lower and lower again......................

Ky Siow

47 posts

Posted by Ky Siow > 2021-05-17 13:06 | Report Abuse

because takut israel boom malaysia.............

cashsssss

151 posts

Posted by cashsssss > 2021-05-24 11:17 | Report Abuse

anybody here

Qwertyuiop

590 posts

Posted by Qwertyuiop > 2021-06-04 15:56 | Report Abuse

drop till nearly takeover price, and below PP, still want to sell ah, so desperate meh? LOL. see the latest QR, damn good margin. Pro management, much better than serbadk shits.

ongth60

557 posts

Posted by ongth60 > 2021-06-06 00:10 | Report Abuse

Need to be aware of RCPS redemption.

Invest_888

1,069 posts

Posted by Invest_888 > 2021-06-06 20:22 | Report Abuse

The NAV of KPPROP dropped from the previous quarter(31Dec2020) of RM1.79 to the latest quarter(31Mar2021) of RM1.39.

Net profit dropped slightly from RM22.206million to RM22.111million.

By using basic formula, EPS = Net Profit/Total no of shares
Note: Let assume no company treasury share
Total no of shares as declared 400,142,339
Earning per share,EPS= 22,111,000/400,142,339=5.55cent only.

In my opinion, the difference most probably never use the current no of shares(400,142,339) to calculate the EPS. Because of the latest quarter is calculated from 1 Jan 2021 to 31 Mar2021.

ongth60

557 posts

Posted by ongth60 > 2021-06-07 18:54 | Report Abuse

You need to consider the redemption of RCPS in your calculation.

Qwertyuiop

590 posts

Posted by Qwertyuiop > 2021-06-07 23:02 | Report Abuse

the diluted earnings were calculated and mentioned in the report too, do check it out. As long as the management keen to expand the company, the future redemption of RCPS will not be an issue. It is unlike those penny pump and dump stocks.

Lanmum

360 posts

Posted by Lanmum > 2021-06-08 11:22 | Report Abuse

Property counter is creeping up ....

Invest_888

1,069 posts

Posted by Invest_888 > 2021-06-08 18:37 | Report Abuse

Above calculation never included any future RCPS redemption if any.

Qwertyuiop

590 posts

Posted by Qwertyuiop > 2021-06-10 21:12 | Report Abuse

Cash rich company, strong eagerness to acquire lands for expansion. Good prospect. RCPS does not matter much as long as management is doing their business instead of practicing pump and dump activities like the other penny stocks in bursa.

Jnlee

305 posts

Posted by Jnlee > 2021-06-25 15:50 | Report Abuse

keep on dropping........

Jnlee

305 posts

Posted by Jnlee > 2021-06-27 12:06 | Report Abuse

drop more that pp price

Jason

259 posts

Posted by Jason > 2021-06-28 12:40 | Report Abuse

60cent soon

Invest_888

1,069 posts

Posted by Invest_888 > 2021-06-28 15:49 | Report Abuse

Oversold. Even converting the 5 RCPS to 1 ordinary share the big boss needs to pay 85cent.

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