KECK SENG (M) BHD
KLSE (MYR): KSENG (3476)
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Last Price
5.63
Today's Change
-0.09 (1.57%)
Day's Change
5.58 - 5.65
Trading Volume
34,400
Analysis
Discussions
8 people like this. Showing 50 of 3,489 comments
Keck Seng is so illiquid that you can actually manipulate its share price to cause some jitters among small investors. My advice is, just hold on to your shares until golden eggs are being laid.
2024-08-17 18:04
If you are shareholder of KSeng you can write to KSeng IR with CC to Julius Baer (Spore) to take action on calvintaneng for malicious act with intention of manipulating KSeng share price:
Posted by calvintaneng > Aug 23, 2024 10:04 AM | Report Abuse
Please take note and be warned
Julius Baer (Spore) Kseng Top holder has been involved in wrongful acts in Singapore
if there is any force liquidation Kseng will be impacted as Top holders might be forced sold
so better sell Kseng or later Gek Sim (Heart sick with pain in hokkien)
https://igamingbusiness.com/uncategorized/singapores-aml-charges/#:~:t....
2024-08-23 10:14
please do think very carefully
see two macro picture
1. In Peninsular (West Malaysia )
there is a 52% diesel price rise
as such all industries will be impacted by a corresponding rise of 5% to as high as 30%
these will see higher cost
1. property
2. construction
3. construction material
4.logistic that send goods by lorry or ships
5. consumer food and drink which are bulky
6. Toll road owners
as lorries now see higher operation cost by 52% they will make less trip so less collections from till
others
2. By Nov 2024 if Trump gets elected he will impose 10% tariff (tax) for all and for China it will be 60% tariff
so all industries related to export to USA will be hit
two things will hit all
a universal price rise caused by rise of diesel 52%
a universal tariff by USA from 10% to 60%
that is why it is of utmost safety to go invest in East Malaysia stocks which got no 52% diesel rise there
and palm oil export is more to India and China (not USA)
2024-08-23 10:22
Smart people know how much Keck Seng is worth and won't be taken in by a Gong Kia's advice. They don't want to go to Holland.
2024-08-23 14:48
@Sslee, very smart of you to repost CalvinTan's post accusing Julius Baer of involvement in wrongful acts in Singapore. It was Julius Baer's staff by the name of Liu Kai who was implicated. Unscrupulous CalvinTan has now deleted all his slanderous posts.
2024-08-23 15:12
Ringgit's rapid rise over the last two months is bad news for Keck Seng. I doubt if the management has pared down its foreign currency holdings before Ringgit started to gain ground.
2 months ago
Good news for companies that own huge land bank in Johor-Singapore Special Economic Zone...
https://www.mti.gov.sg/Newsroom/Press-Releases/2024/08/Officials-met-in-Johor-to-advance-discussions-on-the-Johor-Singapore-Special-Economic-Zone
2 months ago
These are some facts
Refer to Bursa Annual Report
1. Kseng has less than 9,000 acres oil palm lands
While Tsh Resources got over 150,000 acres
2. Spore Dbs Bank in Top 10 of Tsh but not in Top 10 of Kseng
Why Dbs Bank only invest so much in Tsh Resources and not Kseng???
Why?
See
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-04-25-story-h-182876873-TSH_RESOURCES_9059_2023_ANNUAL_REPORT_SHOWS_A_WONDERFUL_COMPANY_WITH_AM
2 months ago
KSeng's core business is property and development.
Q2 net profit is 26.03 million compared to Q1net profit of 18.875 million.
It's second core business as hotel business .
It's earnings rose from 5.089 to 18.658 million!
It's oleo chemical business profits down to 0.904 million due to US currency fluctuation.
But this is not KSeng's core business.
Overall KSeng performance is good.
Coming quarters in view of JB being new Shenzhen
KSeng 's performance will be even better!
This is a SMART market!
KSeng's share price will continue go up based on it's earnings per share and dividend pay out!
2 months ago
Posted by calvintaneng > 21 hours ago | Report Abuse
These are some facts
Refer to Bursa Annual Report
1. Kseng has less than 9,000 acres oil palm lands
While Tsh Resources got over 150,000 acres
2. Spore Dbs Bank in Top 10 of Tsh but not in Top 10 of Kseng
Why Dbs Bank only invest so much in Tsh Resources and not Kseng???
Why?
Calvin the Tua Pao wrote that Kseng has less than 9,000 acres oil palm lands.
This is a deliberate misrepresentation of facts.
1 Keck Seng has nearly 600 acres (237 hec) of residential and commercial lands under
development at Bandar Baru Kangkar Pulai
2 Keck Seng is also the owner of the 500 acre (208 hec) Tanjung Puteri Golf Resort which
consists of a 54 hole golf course, clubs and other recreational facilities.
3 Keck Seng also owns the Tanjung Puteri Resort which is an 800 acre (359 hec) residential, commercial and industrial land under development.
The rest of Keck Seng's nearly 9,000 acre land is under oil palm cultivation. Keck Seng's lands are all located in Johor Bahru, a city with a population of 1.8 million. In comparison, Nusantara is expected to have a population of 1.9 million in 2045. Keck Seng's land is worth at least RM4.5 to RM5 billion but TSH's land is worth at most RM10k per acre or just RM1.5 billion in total. One is a useless stone, the other is a piece of diamond.
2 months ago
I would think Oriental ( 4006 ) is better bet than both TSH and K Seng. Oriental has net cash of 3.1 billion and many undervalue lands. Better buy now as it would not stay below RM7.00 next year.
2 months ago
Oriental Holdings has more cash per share than Keck Seng but Keck Seng has lots of properties purchased over 40 years ago and yet to be revalued.
2 months ago
When Covid 19 lockdowns triggered a world wide economic recession and resulted in Keck Seng posting losses in 2020, it immediately stopped paying dividends though it still had plenty of cash. The Genting group of companies, though suffering from several years of losses continued to pay reasonably good dividends. Keck Seng's profit increased by several folds in 2023 and 2024 but it only increased its dividend payout by a disproportionate amount.
2 months ago
I think Oriental Holdings is a good and well managed company worth a second look. I have never bought this company before in my few decades of investment experience but have heard of its good performance and know that it is cash rich and had lost its Honda franchise in Malaysia many years ago. Just have a brief look at its annual report and now know it is a well diversified company.
2 months ago
Publish date: Thu, 19 Sep 2024, 08:22 PM
KUALA LUMPUR: The ringgit has continued to strengthen against the US dollar, hitting a 28-month high versus the greenback after the United States Federal Reserve (Fed) kept to its words and delivered a 50-basis points interest rate cut last night, an analyst said.
At 6 pm, the local note surged to 4.2025/2105 versus the greenback from Wednesday's close of 4.2410/2460, retaining its position as one of the top performing currencies in the Asian region.
All the foreign exchange gains over the past two over years have been wiped out if the company has not pared down its foreign exchange holdings. I doubt it has.
2 months ago
KSeng's core business is property n development
Next is hotel business
The strong ringgit will affect the Forex exchange n this loss is minimal...can easily be absorbed by it's core business gains n profits!
KSeng will continue to report higher n higher earnings every quarter!
Land is scarce!
JB properties/ industrial lands ....selling like hot cakes!
Sunway properties launched it's residential properties in JB n was fully sold in two hours!!!
1 month ago
Beauty of JB theme play is..
Cresendo n KSeng...
It's still young....
More to come!!!
1 month ago
Since Keck Seng is so grossly undervalued, the management should immediately spring into action after obtaining shareholders' mandate to buy back up to 10% of its issued shares but they practically did nothing.
1 month ago
https://www.businesstoday.com.my/2024/10/04/jcorp-launches-new-container-operations-at-tanjung-langsat-port/
https://tlpterminal.com.my/wp-content/uploads/2024/04/Brochure-TanjungLangsatPort.pdf
Keck Seng's land in Tanjung Langsat will reap the benefits of this proposed new container port.
1 month ago
Keck Seng has almost 5,900 acres of oil palm estate including 50 acres of industrial land just north of Tanjung Langsat Port. Part of the land is leasehold but the lease expires in 2115. The net book value of this piece of land is only RM32.6 million.
1 month ago
Should Tanjung Port need more land for expansion and buys land from Keck Seng, the cost of the land would likely be 80 to 100 times the net book value.
1 month ago
Those who wish to invest in Keck Seng better act fast. When the RTS is completed in two years time, you may not be able to get Keck Seng shares at below RM8.
1 month ago
Those who wish to invest in Keck Seng better act fast. When the RTS is completed in two years time, you may not be able to get Keck Seng shares at below RM8.
1 month ago
2027. After the completion of RTS...
JB n Spore becomes one city!
FDI will flow in..
Population of JB will increase by keeps n bounce!!!
Industrial lands n JB properties will be sold at higher n higher price!
EPS of KSeng will rocket high!
KSeng share price may touch RM8/9/10
Be forward looking n move in the right direction!
1 month ago
Keck Seng's net cash per share is RM3, SAB is RM2. Your forecast about Oriental was chun chun.
1 month ago
@prudentinvestor, still not late to join us. I foresee if the restructuring is on, it will trade above RM10.00 next year.
1 month ago
@kk7198, I topped up some Keck Seng shares quite a few months ago. If you had recommended Oriental Holdings earlier, I certainly would consider investing in the company. Now I am holding back on further investments.
4 weeks ago
@prudentinvestor, now is a good time to buy Oriental Holding. Div yield is 7% which you need to wait for the next one. Price has weaken a bit. Just buy and keep for next year.
3 weeks ago
Price movements are very artificial. People in the know are accumulating.
1 week ago
So true especially for counters which have low free floats. Oriental consolidation looks like is over, time to move up again.
1 week ago
So true especially for counters which have low free floats. Oriental consolidation looks like is over, time to move up again.
1 week ago
Fortunately for Keck Seng but unfortunately for our country, Ringgit's sudden drop over the past few weeks has substantially pared down Keck Seng's foreign exchange losses from over RM60 million as of around 30/09/24 to just over RM20 million today. This is insignificant for a company that has the ability to make over RM200 million net this year.
1 week ago
@kk7198, I have some investments in oil palm counters, hopefully palm oil prices would move further up, triggering a strong rally in palm oil counters just like what happened 2 years ago. Would dispose all this time and switch to Oriental Holdings. Pray for me Oriental would stay at this level for a while. 🤣🤣
1 week ago
is foreign currency loss a non operation siisue?
Foreign currency losses can indeed be considered non-operational issues, depending on the context and the way a company's financial statements are prepared. Non-operational items are typically those that are not part of the company's core business activities. Foreign currency losses often fall into this category because they arise from fluctuations in exchange rates rather than the company's primary operations.
For example, if a company based in Malaysia has investments or operations in the United States, the value of these investments can fluctuate with the exchange rate between the Malaysian Ringgit (MYR) and the US Dollar (USD). These gains or losses from currency exchange would typically be classified as non-operational in the financial statements.
1 week ago
I like the concept of owning Kseng and enjoying the "free landbank " dated back in 1980. Why is the land bank considered "free"? This is because the cash per share of the company is about RM3.2. + the company investment in securities RM1.15 and recurring rental income RM2.65=RM7 which is already higher than the current share price RM5.8. Kseng owns 9000+ acres of land in Johor. For every 1000 share of Kseng share is equivalent of owing 0.02365 acres of land.
1 week ago
Land is considered a valuable investment for several reasons:
Appreciation in Value: Over time, the value of land tends to appreciate, especially in areas with growing demand due to population growth, urbanization, and economic development.
Scarcity: Land is a finite resource; there’s only so much of it available, which makes it inherently valuable.
Versatility: Land can be used for various purposes, such as residential, commercial, agricultural, or industrial developments, giving investors multiple options to generate income.
Tangible Asset: Unlike stocks or bonds, land is a physical asset that you can see and touch. This can provide a sense of security for some investors.
Hedge Against Inflation: Land often retains its value and even appreciates during periods of inflation, making it a good hedge against the declining purchasing power of money.
Passive Income: Land can generate passive income through rental yields or leasing, particularly in the case of agricultural land or properties developed for commercial use.
1 week ago
Buying a listed entity solely because of its undervalued landbanks can be a risky strategy. While undervalued landbanks might seem like an attractive opportunity, there are several factors to consider:
Market Conditions: The real estate market can be highly volatile. Economic downturns, changes in government policies, and shifts in market demand can significantly impact the value of landbanks2.
Company's Financial Health: It's crucial to assess the overall financial health of the company. Even if the landbanks are valuable, the company might have other liabilities or operational issues that could affect its performance.
Development Potential: The potential for development and the company's ability to execute development plans are important. Not all landbanks are equal; their value depends on location, zoning laws, and the feasibility of development projects.
Management Quality: The quality of the company's management team and their track record in successfully developing landbanks can make a significant difference.
Regulatory and Legal Risks: There might be legal or regulatory challenges associated with the landbanks that could affect their value.
6 days ago
Suffering from huge foreign exchange losses, What a joke! The management needs to be blamed for keeping cash in foreign currencies instead of investing in shares, especially banks counters. DBS Bank and UOB have both risen by over 100%, including dividends over the past 4 over years. This is a better bet but the management doesn't seem to know.
2 days ago
agree that management should get the money invested instead of holding cash. How do we know what will be the exchange rate next month or next year? BTW, it is expected next quarter will be forex gain.
1 day ago
look at the retained earnings 2,222,113,000 vs the share capital 372,005,000, it should be right for the board to declare bonus every 3 years so that share will be more liquid and more appealing to institution investors. Liquidity is an issue for fund to consider buying a share.
1 day ago
Massive loss! Sure up on Monday sama macam Pchem. In bursa, only big loss making company can up because bursa is manipulated
1 day ago
Not surprising if it goes up on Monday because it made RM46 million net if foreign exchange losses amounting to RM82 million are not included.
15 hours ago
Those who do not know the details of Keck Seng's financial results would sell this morning. Those who know are picking up the shares and smirking.
2 hours ago
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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....
prudentinvestor
This clown is likely heavily exposed to TSH. Can't say anything negative about TSH, otherwise he will track you down and say something bad about the shares you have bought.
2024-08-14 17:09