KSL HOLDINGS BHD

KLSE (MYR): KSL (5038)

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Last Price

1.87

Today's Change

+0.11 (6.25%)

Day's Change

1.74 - 1.87

Trading Volume

5,159,000

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
21 people like this. Showing 50 of 13,971 comments

dragon328

@pang72, SimpllyWlstreet said KSL at RM1.67 was undervalued by 89% from its fair value, meaning that it valued KSL at RM1.67/11% = RM15.18 per share

You can go check its valuation method

6 days ago

dragon328

Oh based on latest price of RM1.79, KSL is 88.2% below the fair value, which is RM1.79/11.8% = RM15.17

6 days ago

dragon328

But I check the FCF method used by the AI platform and found that the projected free cashflows for KSL were much higher than I expected - RM489m in 2024 rising to RM1,600m in 2033. KSL recorded FCF of close to RM400m in 2023 if I excluded a unusually big development expenditure of RM78.3m for a piece of land.

Its FCF may double up to RM800 million a year 10 years from now, i.e. in 2033 as the company raises rental income in the shopping malls and hotels over the years and enjoys higher profit margin from new housing development in later phases in its maturing townships.

SO I would just knock off 50% from SimplyWllSt valuation, yet still getting a good valuation of RM7.59 per share, a good 320% upside from the current price.

6 days ago

GreatDreamer

Last 2 day daily volumn of 9m share tell us that
investors are now buying KSL solid earning story even without dividend, which is similar to internet stock.

Stock can continue uptrend with growth drivers remain intact as KSL continue to launch more JB project, higher selling price and thus higher profit margin.

6 days ago

pang72

Thanks dragon supported data with FCF..
Ksl balance sheet is way too good to believe...
I am a little bit doubt because the share price is not reflected the truth value.. Too undervalue. I am not sure what went wrong. Perhaps, some said without dividend policy so less attractive.

However, KSL continue demonstrated the good earning untill market has no choice to push its up because EUPE or CHGP which are smaller scale firm has push up to crazy PE.

6 days ago

pang72

I will foresee the undervalue KSL share price will not last long..
Some people has rushing in to grab the shares last week..
It shld continue the uptrend...

6 days ago

dragon328

I think one of the reasons why KSL share price has been depressed is that the company has not declared any dividend since 2015, though it made hundreds of millions of ringgit in profits.

You see other property developers do pay out dividends consistently though the dividend yields are low at 1% to max 5%.

That's the reason why the cash balance in KSL has ballooned to over RM500 million with little debts. I think the company did not pay out dividend in 2016-2019 as it prepared to buy over the large piece of land in Klang to branch out from Johor, and to prepare necessary cash to launch the property project in Klang township (initial development costs likeland cost and infra costs might have amounted to over RM100m or so) and to build the Klang Esplanade shopping mall and hotels there.

Now with all this major capex already done and shopping mall & hotels all performing well (note that its shopping malls and hotels in JB and Klang generated about RM120 million pretax profit in 2023), I reckon that KSL may not need to preserve so much cash in the balance sheet, unless it has identified another piece of land for new projects.

I predict that KSL may be willing to declare maiden dividends in 2024 as it has excess cash and strong operating cashflows to support a dividend policy of easily 30%.

6 days ago

dragon328

It is only natural for it to have some profit taking after a strong 2-day rally. It provides a good chance to those who missed out earlier to gain entry and for me to accumulate more at lower prices.

6 days ago

pang72

Yes! Add more

5 days ago

pang72

1.79 uncle YY mari

5 days ago

pang72

One day correction end..
Fly lo

5 days ago

ConstructionMinion

I think this is the next data centre counter. many land in ulu tiram

5 days ago

pang72

.... Good...

5 days ago

klee

Last bonus issue of 1 for 1 was in 2014 when the net profit was RM340 mil.
Now is 10 yrs later and the full yr profit is RM 414 mil and nta Rm 3.6.
Can we have another 1 for 1 bonus or better still 2 for 1 bonus?

5 days ago

klee

Extremely likely.

5 days ago

pang72

Of course possible...
Uncle YY looks like will become very RICH and get back all his money losing in DAYANG, JAKS then..

5 days ago

pang72

...... 白金〈九点子弹笔记〉─柔佛产业热潮机遇探索2公司布局及行动
07/04/2024
柔佛州房地产开始掀起热潮,发展商涌进,土地交易此起彼落,新发展计划排队推介。

数据中心,大型基建计划带动,新元汇率因素,多重利好符合天时地利人和条件;柔佛概念产业股自去年开始大涨。

多家柔佛产业股翻了一倍或以上,热潮似乎方兴未艾,现在还适合投资柔佛概念股吗?

市场永远有机会,顺利实业(KSL),吉星机构(CRESNDO)沉闷多年,时机到来一举爆发,只有少数有超级耐心的投资者能等到今天。

5 days ago

Invest_888

If KSL directors pay 30% profits as dividend to share holders, the KSL price can easily go up to RM3.00, and go further even more later. KSL is the best earning property developer in Malaysia.

4 days ago

Udngu Ngu

Bonus issue and declaration of dividend policy will very positively impact on this stock

4 days ago

Udngu Ngu

And better still follow the footsteps of UOA Development and convert its rich assets into REITS.This way,it will enrich both its shareholders and founding Directors.

2 days ago

Invest_888

KSL starts to move up again.

2 days ago

IamBen10

Huhu... 🚀

2 days ago

lcng123

Another goreng coming up...

2 days ago

troy88

Very bullish. Should surpass RM2 soon..

2 days ago

IamBen10

KSL and SP SETIA is joining F1 race...

2 days ago

scchin58

No dividen. Bonus 4 for 1 possible.Number of shares ballon to 5.15b,market cap may reach 6b.Separate listing for REIT

2 days ago

scchin58

Balloon

2 days ago

Udngu Ngu

Good for the founding members to be in the Billion Dollar Club and good for the shareholders to enjoy capital gains

2 days ago

klee

1 for 1 bonus with 1 free warrant :)

2 days ago

dragon328

Yes there are so many potential corporate exercises that KSL may do to enhance shareholders' values:

1) bonus issues to enlarge share cap base and to increase liquidity
2) private placements to institutional funds to raise cash for future expansion and to increase free floats
3) to issue 5-year warrants like one free warrant for every 2 mother shares held to progressively raise more money over next 5 years and to increase share cap base
4) to inject the hotels and shopping malls into a REIT which may raise easily RM800 million cash to KSL (i.e. PBT of RM120m in 2023 from commercial assets or operating cashflows of over RM130m a year, at 7% yield, the REIT would be worth RM1.86 billion)

5) declare dividends from 2024 onwards, as it has completed all major capex programmes (Klang Explanade Mall & hotels) and strong operating cashflows would enable dividend payouts of easily 30% or 12 sen a year

2 days ago

Udngu Ngu

Cannot agree more to the above comments of dragon328

2 days ago

pang72

Always support dragon..
Fully agreed

2 days ago

Eggplant

Hopefully KSL will give dividends this year ..

2 days ago

pang72

Finally 古路 back to make uncle YY become richest man in malaysia...
Support:)

1 day ago

edcheong

Thank you KYY. You are a sage.

1 day ago

skyjet

Bought KSL at 1.84

1 day ago

Invest_888

@Dragon328

After recomendating and actively promoting more than 400% growth stock of YTLP & YTL, I think you might repeat the history on the KSL.

dragon328

Yes there are so many potential corporate exercises that KSL may do to enhance shareholders' values:

1) bonus issues to enlarge share cap base and to increase liquidity
2) private placements to institutional funds to raise cash for future expansion and to increase free floats
3) to issue 5-year warrants like one free warrant for every 2 mother shares held to progressively raise more money over next 5 years and to increase share cap base
4) to inject the hotels and shopping malls into a REIT which may raise easily RM800 million cash to KSL (i.e. PBT of RM120m in 2023 from commercial assets or operating cashflows of over RM130m a year, at 7% yield, the REIT would be worth RM1.86 billion)

5) declare dividends from 2024 onwards, as it has completed all major capex programmes (Klang Explanade Mall & hotels) and strong operating cashflows would enable dividend payouts of easily 30% or 12 sen a year

1 day ago

stkoay

💪💪💪

1 day ago

stkoay

This one, one great run in 10 years.
The previous big run was in 2014.....from below 2 to 4.96 within few months.

1 day ago

Invest_888

Dear Mr Dragon328:

Hope you can contact the 3 Khoo brother directors and convince them. If they agreed it, RM7 was achievable.

dragon328

Yes there are so many potential corporate exercises that KSL may do to enhance shareholders' values:

1) bonus issues to enlarge share cap base and to increase liquidity
2) private placements to institutional funds to raise cash for future expansion and to increase free floats
3) to issue 5-year warrants like one free warrant for every 2 mother shares held to progressively raise more money over next 5 years and to increase share cap base
4) to inject the hotels and shopping malls into a REIT which may raise easily RM800 million cash to KSL (i.e. PBT of RM120m in 2023 from commercial assets or operating cashflows of over RM130m a year, at 7% yield, the REIT would be worth RM1.86 billion)

5) declare dividends from 2024 onwards, as it has completed all major capex programmes (Klang Explanade Mall & hotels) and strong operating cashflows would enable dividend payouts of easily 30% or 12 sen a year

1 day ago

dragon328

@Invest_888, I would like to meet the Khoo/Ku brothers/directors if they are willing to receive me. Even without doing so, I believe the KSL major shareholders and management know what to do best for the shareholders as it will be in their own interests too.

1 day ago

dragon328

I think as the major shareholders are also the top management, the management style is naturally more conservative and the management is not bothered much with share price fluctuations. Unlike those companies which are run by professionals employed from outside and the CEO's remuneration is linked to the share price performance, KSL is run by the major shareholders so they are in for the long term gains of the company.

Though they are not bothered much with short term share price fluctuations, but it is always important to maintain the company share price at a healthy level, because after all the whole purpose of doing the listing is to raise money for the company, hence if the share price remains depressed, it defeats the purpose of listing.

I think it still makes sense for KSL to remain listed as the company will still need to raise fresh funds for future land acquisition or new commercial projects.

What I have proposed above will be good for the long term gains of the company as well as short term share price appreciation, so I hope the KSL management will consider them.

1 day ago

pang72

dragon328

@Invest_888, I would like to meet the Khoo/Ku brothers/directors if they are willing to receive me. Even without doing so, I believe the KSL major shareholders and management know what to do best for the shareholders as it will be in their own interests too.

17 minutes ago

DRAGON,
PLEASE UPDATE THE GOOD NEWS IF YOU MANAGE TO MEET KHOO/KU BROTHERS.

1 day ago

Udngu Ngu

We are all behind you Dragon for our common goals

1 day ago

Sslee

Date
Type
Designation
Name
View
01-Jan-2024 APPOINTMENT Executive Director MISS KU EK MEI View Detail
01-Jan-2024 APPOINTMENT Executive Director MISS KHOO LEE FENG View Detail

Very interest to know how much KSL will paid the two newly appointed executive director?
Meanwhile shareholders are still hoping to get somethings like "potential corporate exercises that KSL may do to enhance shareholders' values"

KSL is very lucky to be in the nice/hot spot of Johor property play.

1 day ago

pang72

Stock on Radar - KSL Holdings

AmInvest
Publish date: Fri, 12 Apr 2024, 10:43 AM


KSL Holdings may trend higher after it surged to a new multi-year high and closed above the RM1.64 resistance a few sessions ago. In view that the 21-day EMA will likely begin turning upwards, this also suggests a likelihood of increased demand in the near term. A bullish bias may emerge above the RM1.64 level with stop-loss set at RM1.55, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.90, followed by RM2.00.

Entry : RM1.64–1.76

Target : RM1.90, RM2.00

Exit : RM1.55

Source: AmInvest Research - 12 Apr 2024

1 day ago

klee

hahaha aminvest rm2 target bagus,kasi padan muka dia...rm3 kambing

23 hours ago

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