INCH KENNETH KAJANG RUBBER PLC

KLSE (MYR): INCKEN (2607)

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Last Price

0.41

Today's Change

-0.01 (2.38%)

Day's Change

0.40 - 0.415

Trading Volume

31,400

Financial
Market Cap

Market Cap

173 Million

NOSH

421 Million

Latest Quarter

Latest Quarter

31-Dec-2023 [#4]

Announcement Date

29-Feb-2024

Next Quarter

31-Mar-2024

Est. Ann. Date

26-May-2024

Est. Ann. Due Date

30-May-2024

QoQ | YoY

-725.14% | 30.97%

T4Q Result

Revenue | NP to SH

17,325.000 | -6,513.000

RPS | P/RPS

4.12 Cent | 9.96

EPS | P/E | EY

-1.55 Cent | -26.49 | -3.78%

DPS | DY | Payout %

0.00 Cent | 0.00% | 0.00%

NAPS | P/NAPS

1.37 | 0.30

QoQ | YoY

18.78% | 37.6%

NP Margin | ROE

-37.59% | -1.13%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Latest Audited Result

Latest Audited Result

31-Dec-2022

Announcement Date

11-May-2023

Next Audited Result

31-Dec-2023

Est. Ann. Date

11-May-2024

Est. Ann. Due Date

28-Jun-2024

Annual (Unaudited)

Revenue | NP to SH

17,325.000 | -6,520.000

RPS | P/RPS

4.12 Cent | 9.96

EPS | P/E | EY

-1.55 Cent | -26.46 | -3.78%

DPS | DY | Payout %

0.00 Cent | 0.00% | 0.00%

NAPS | P/NAPS

1.37 | 0.30

YoY

37.37%

NP Margin | ROE

-37.63% | -1.13%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Annualized Result

Revenue | NP to SH

17,325.000 | -6,520.000

RPS | P/RPS

4.12 Cent | 9.96

EPS | P/E | EY

-1.55 Cent | -26.46 | -3.78%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

-54.84% | 37.37%

NP Margin | ROE

-37.63% | -1.13%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
Total Positive Profit Years 1 / 4 25.00% 2 / 8 25.00%
Continuous Quarters Of Positive Profit 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE -0.28% -0.36%
Average Net Profit Margin -86.60% -131.04%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 0 / 5 0.00% 0 / 10 0.00%
Total Positive Profit Years 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Positive Profit 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Profit Growth 3 / 5 60.00% 3 / 10 30.00%
Continuous Quarters Of Adjusted EPS Growth 3 / 5 60.00% 3 / 10 30.00%
Total Dividend Years 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Dividend 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE -1.73% -1.46%
Average Net Profit Margin -66.19% -58.09%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 17,325 17,325 17,325 17,204 19,172
NP to SH -6,513 -6,520 -6,520 -9,079 -10,374
Dividend 0 0 0 0 0
Adjusted EPS -1.55 -1.55 -1.55 -2.16 -2.47
Adjusted DPS 0.00 0.00 0.00 0.00 0.00

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue -84.55% 72.60% -19.86% -68.88% -72.31%
NP to Owner -725.14% 30.97% 37.37% -106.17% -58.44%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adjusted EPS -725.14% 30.97% 37.37% -106.17% -58.44%
Adjusted DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 0.00% -9.64% 0.70% 0.00% -9.64% 0.70% -19.86% -9.64% 0.70%
NP to Owner 0.11% 37.22% 28.26% 0.00% 37.15% 28.19% 37.37% 37.15% 28.19%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Adjusted EPS 0.11% 37.22% 28.26% 0.00% 37.15% 28.19% 37.37% 37.15% 28.19%
Adjusted DPS 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
4 people like this. Showing 50 of 293 comments

chaplang

two consecutive days price and volume up is a good indication..something must be happening. still very early to go in...

2014-06-26 16:49

beeair2013

Let see breaking of @0.95............................

2014-07-03 17:07

theavengers

0.95 ? Not 1.95?

2014-07-03 21:54

kkteng70

Why a lot of people sell ?

2014-07-04 13:01

theavengers

Fast ...sell it to me......i want

2014-07-05 12:56

HC Lee

Got ppl kena trap alredi.....it will go into hibernation for half year again....

2014-07-07 10:41

chaplang

volume not promising enough

2014-07-08 16:20

kkteng70

I think it rest a while it will come again

2014-07-10 13:36

HC Lee

Always hibernate and after wake up trap a few punters and go to sleep again. Same tactic....nothing is happening in the company....only sharks looking for some meals.

2014-07-10 15:10

kkteng70

HC Lee is right.. look sleep again

2014-07-11 21:50

trustme932

m quite disappointed with its performance lately.If u look at the v v long term chart(15 yrs) its still looking good i.e.on the uptrend.Higher lows n highs,now,with strong bottom seen at 0.80-82 area.I don't c y it wud retest the aforesaid bottom area.A new high n trading range is expected to be seen over the med long term with potential to test/break 1.12.Immediate base sup is at 0.855-0.87 area shud hold although it broke below the sup line of the near term uptrend channel at 0.93.Hold on to it if u r caught at higher level.I bot it since last year n still hoping to c a test abv 1.00 again.

2014-07-17 09:13

HC Lee

If u sell, it will go up. But if u buy and sellers after that are not as big, then be prepare to wait. tis is the characteristic of this and many illiquid stocks. Unless there is something brewing....they will trap u and test your patience.

2014-07-18 23:25

duitKWSPkita

.................duitKWSPkita is buying INCKEN...............


Enjoy your harvest then!

Happy trading!

2014-07-25 09:17

trustme932

1.02/1.12/1.30 r my tps over the next 2 months.good luck.

2014-09-08 09:18

jehovahnissi

sleeping counter when to wake up

2014-10-24 15:10

lam7894

The company has a strong balance sheet with net cash of Rm172,369,000 as at end of June 2014. This is equivalent to Rm0.43 per share and as at end June 2014 and net assets per share of Rm1.74.

2014-10-27 14:03

lam7894

Its asset is land. Its approximately 494 acre tract in Mukim of Semenyih, Daerah Ulu Langat, Selangor which located adjacent to Serene Heights. The total valuation of the land in Kajang and Bangi at 31 December 2013 was RM431 million. (MYR20psf; current asking price).

2014-10-27 14:14

lam7894

UEMS will launch Serene Heights @ Bangi (MYR123m GDV; double-storey terraces) by end 2014. Analysts are particularly excited about the Bangi project given its: 1) attractive selling price of MYR520,000/unit, 2) the strong demand for landed properties below MYR1m, and 3) growing demand for properties in the Southern Klang Valley area (ie. Kajang, Semenyih, Bangi) due to improving connectivity and infrastructure (e.g. KVMRT1, SKVE).

The land was bought from Inch Kenneth Kajang Rubber. The project is located adjacent to the Alam Sari township and Universiti Kebangsaan Malaysia, and is within the vicinity of Bandar Baru Bangi.

2014-10-27 14:17

lam7894

Efforts at developing the land bank aproximately 494 acre are nearer to the approval stage.

2014-10-27 14:18

jehovahnissi

God bless Incken up up up

2015-01-09 16:01

Jehovahnissi

shalom

2017-06-16 10:12

pharker

What happened ??? Window dressing ??

Any updates

2018-01-12 10:55

dentab

Anything related to Kuchai, /SBagan /Kluang

2018-01-12 10:58

Sebastian Sted Power

Privatisation?

2018-01-12 11:37

Sebastian Sted Power

Or maybe merger? Cannot be S again and kluang all up until I also shocking why suddenly my trading +20%

2018-01-12 11:40

Mohd Fahmi Bin Jaes

limit up?

2018-01-12 11:42

Sebastian Sted Power

Fahmi, jangan kacau

2018-01-12 11:51

kyosan

SBAGAN, KLUANG and KUCHAI shares the same management,

Incken...dont know..

2018-01-12 12:03

kyosan

The Lee family also controls old plantation companies like Kuchai Development Bhd


, Kluang Rubber Company (Malaya) Bhd and Sungei Bagan Rubber Company (Malaya) Bhd.
--------------------

Lee fAMILY got stakes inside incken too..

2018-01-12 12:05

Sebastian Sted Power

Great Eastern effect really GREAT!!

2018-01-12 22:00

Jehovahnissi

Hallelujah

2018-01-15 09:55

Jehovahnissi

Shalom

2018-01-24 11:07

dentab

INCH KENNETH KAJANG RUBBER PLC buyback 65,100 shares from 0.680 to 0.685 on 31-May-2018. Any sifu help to explain why company want to buyback........?Any big plan or restructuring of INC going on.....?????????????????

2018-06-01 11:25

multi530

i guess share buy back now, privitisation or take over later.

2018-07-08 09:53

Junqi

Buying back a couple of huncred tnousand shares is peanut
The directors are so bored with nothing to do
I will sit up when buyback in millions

2019-01-03 11:47

dompeilee

Ng Ah Chai swallowed to many lots back in 2013, now kana indigestion had to vomit 7,500,000 shares lately lol

2019-01-17 18:37

commonsense

The company has mostly recorded full year losses for the past 10 years with only FY09 and FY12 being the only profitable years. 9m18 result was a loss of RM5.8mil with full year 2018 loss expected to reach around -RM8mil. To think that the company can suddenly turnaround and post a profit in FY19 might be a bit of a wishful thinking on the part of some investors.

The company’s decision to venture towards the Property industry might be a bit late given the current negative sentiment of the industry. Any profit from the Tourism segment is not enough to cover the company high corporate expenses. It would be better for investors to focus on other companies that are actually profitable as some are currently trading at very low PE multiple vs their industry average.

If you are looking to diversify your portfolio outside of Inch Kenneth Kajang Rubber (due to its earnings uncertainties and weak market outlook) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

2019-01-30 09:39

Junqi

This counter is a candidate for privatisation

2019-03-01 10:01

LouiseS

INCH KENNETH's main business segments include oil palm plantations and sale of FFB, rubber block manufacturing and hotels operations in Terengganu.

Its earning performance has been overall fluctuating in last five years, whereby its earning per share overall fluctuated from -3.66 sen to -0.48sen, making losses in all of last five years. The Group declared a dividend of 1.109 sen per share in the 2018 financial year, which amounts to a dividend yield of 1.82%.

https://louisesinvesting.blogspot.com/2020/01/comments-on-inch-kenneth-kajang-rubber.html

2020-01-09 10:53

dompeilee

Q for IncKen this morning & GOT it =)

2021-02-16 14:55

thesteward

Gogogo at last pls lu

2021-07-16 09:41

Musfaz83

pentagon builder turn blue

2021-07-27 08:57

Musfaz83

laii

2021-08-25 15:41

Bgt 9963

Post removed.Why?

2021-08-25 15:44

SpicyMcDeluxe

kewk

2021-09-08 15:17

BigZakar

limit up before christmas!!!!!!

2021-10-03 09:20

SEE_Research

SEE_Research ===========================================================================

https://klse.i3investor.com/blogs/see_research/2021-10-06-story-h15919...

===========================================================================
SAMSON HERCULES Chan /4316

( LIMIT UP 30 % --- STOCK LIKE SUBUR / 6904 )


Another Subur Tiasa Holdings Bhd / 6904

Potentially, for this coming week ,

starting from 6 October 2021 , onwards


(i)1st Target Price :


RM 0.68 level

( 17 % )



=====================================

(ii) 2nd Target Price :

RM 0.89 level

( 50 %)
06/10/2021 1:27 AM

2021-10-06 01:43

Dehcomic01

The company had not delivered any positive return over the past decade. This is company is transitioning from a planation company to a property company. Well the property sector is a cyclical one and is not exactly booming currently. At the same time, it will take time to build up the property business. So I expect a few more tough years. If you are a fundamental investor, there are better Bursa plantation companies to look at. https://ujianehc.blogspot.com/2023/11/bursa-plantation-sector.html There are also better property counters to invest in.

2023-11-25 07:21

thesteward

Got big land in Kajang ?
Lrt3 pass through Kajang?

2024-01-02 12:28

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