prudentinvestor

The last time Keck Seng declared a bonus issue was in 2011. It has enough reserves to declare a bonus of 3 for 1. High time to give a bonus of at least 1 for 1 while maintaining the dividend rate.

1 month ago

hoplanner

KSeng has large track of oil palm plantation in Ulu Tiram etc. Any Data Centre operators planning to nego to be built in of its landbanks?

1 month ago

prudentinvestor

All Johor Bahru based developers should be doing extremely well for the next few years. Just have a look at Crescendo Corporation Bhd's first quarterly earnings.

4 weeks ago

compoundingeffect

agree that most johor based companies will do well next few years. Cresndo got EPS 1.03 and yet it's up only 3sen. Question is, any news that Kseng sell landbank to data center? I know that Pasir Gudang is a heavy industrial zone and maybe suitable for DC. But no news, right? If Kseng sell the industrial land in Pasir Gudang, maybe we will see EPS 1.00 extra? We can only hope!

4 weeks ago

prudentinvestor

Such a favorable comment on Keck Seng by Hong Leong Investment Bank's retail research head also fails to give its share price a big boost. Sigh!

3 weeks ago

hoplanner

KSeng has no industrial land in Pasir Gudang. However, it has a 208-hectare Tg Puteri Golf resort there. It has on the other hand, 2,382 hectares of oil palm plantation in Ulu Tiram which is within 30km radius from JB City.

3 weeks ago

Diamond7

@hoplanner

KSeng has industrial land in Pasir Gudang

Future launching

KSeng is launching Taman Tanjung Puteri Resort Tech Park, Malaysia in Pasir Gudang
A total of 1120 acres ..in second half 2024

It will be developed in 6 phases!

This sales will increase KSeng's profits by leaps n bounds in the coming quarters!

Hold tight tight!
Good fundamentals n strong earnings in coming quarters!

3 weeks ago

Superdaddy

No worries to those on-board. The fundamentals are all there, jz waiting for the right timing to grow further in near future ya. Cheers!!!

3 weeks ago

hoplanner

Diamond7 thks for the updates

3 weeks ago

Diamond7

KSeng is undervalue Fundamentally very strong counter
Capable of giving higher n higher dividend with time.....

Think of JB new Shenzhen Think of RTS


https://klse.i3investor.com/web/blog/detail/sinchew_company_story/2024-07-01-story-h-157947783

Google translate if I dun understand mandarin!

3 weeks ago

prudentinvestor

With the pouring in of foreign capital and the completion of the RTS by end of 2026, it won't take very long for Keck Seng's share price to fully reflect its intrinsic value. Just bear for another few years.

3 weeks ago

calvintaneng

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-09-26-story-h-218987595-THE_7_PHASES_OF_A_SUCCESSFUL_PALM_OIL_COMPANY_Calvin_Tan


TSH NOW AT STAFE 5 GOING TO STAGE 6

BETTER HURRY UP AND BUY

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-09-26-story-h-218987595-THE_7_PHASES_OF_A_SUCCESSFUL_PALM_OIL_COMPANY_Calvin_Tanhttps://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-09-26-story-h-218987595-THE_7_PHASES_OF_A_SUCCESSFUL_PALM_OIL_COMPANY_Calvin_Tan

2 weeks ago

prudentinvestor

Keck Seng made 13 sen a share in the first quarter, TSH only made 1.5 sen a share. Don't bring a third rate company here Cannon Tan.

2 weeks ago

abcb

Expects KSENG may announce for bonus issue and special dividend anytime

2 weeks ago

abcb

KSENG should be worth more than 10.00 per share

2 weeks ago

prudentinvestor

Could be more than RM20 if it revalues all its assets. Much of its properties have not been revalued for 40 years.

2 weeks ago

Diamond7

Cresendo sold it's land at 5 million per acre
Sunway sold it's land at 6 million per acre

Land assets inflation higher than food inflation!

If u believe in Rafizi story
Iskandar development n industrialisation will be faster than Klang valley

Have a good investment mind.
Set Ur directions right!!!

2 weeks ago

prudentinvestor

Not difficult to give a rough estimate of how much Keck Seng is worth. It has over 600 acres of housing land in Pulai area and another 8,000 acres of plantation and housing land in Pasir Gudang area. Assuming its land in Pulai area is worth RM2 million per acre and its Pasir Gudang land a cheap RM400,000 per acre, these two are already worth a hefty RM4.5 billion. It has net cash of RM1.1 billion and share investments worth RM450 million. Its other properties include Menara Keck Seng and Regency Tower in KL, hotels in New York, Toronto and Hawaii and minor ones in Singapore and Johor Bahru are worth at least another RM1.5 billion. So how much is Keck Seng worth?

1 week ago

compoundingeffect

$$Prudentinvestor, FYI, There were four plots of industrial land sold in TPR Tech Park at prices averaging RM70 per square foot. This is around RM3m per acres. Your valuation is a bit conservative? I think no one here question about how undervalue about Kseng landbank. The most important part is how the sell of landbanks or developments to unlock value?

1 week ago

calvintaneng

Foolishinvestor

Kseng priced in all its value already

That is why you don't see Crescendo Director Gooi Seong Gum in Top 30 of Kseng

Even though Crescendo's Taman Desa Cemerlang is so near to Taman Daya of Kseng office Mr. Gooi did not invest in Kseng

Instead Gooi Seong Gum bought 3 million Rsawit shares to be in 30 Top holders

1 week ago

calvintaneng

Better sell overvalued Kseng and buy Rsawit now full of value

1 week ago

calvintaneng

Prudentinvestor last time but now a fool (ishinvestor)

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2018-02-28-story-h1452576199-THE_RELENTLESS_PURSUIT_OF_VALUE_TA_ENTERPRIZE_NOW_TOP_VALUE_BUY_Calvin_

1 week ago

raymondroy

@calvinteneng..... are u out of ur mind?? Rsawit is a loss maing company (11m loss) and its current retained profits is only 6m, and one more loss quarter and the retained earnings will go into negative, and you are advising ppl to buy !!! you are lucky there is no law against mis-guidance which si what u are doing...... holy cow :-(

1 week ago

speakup

Calvin pls come back promote kuat kuat in Jtiasa. We need u there. Many trapped at high floor need rescue. We need u Calvin back at Jtiasa.

1 week ago

compoundingeffect

i like what have been written : 1) Value Is Mispriced By The Market. 2) Value Is Misplaced. 3) Value Is Overlooked 4) Value Is Created 5) Value Is Enhanced 7) THE HIGHEST VALUE IN LIFE IS WISDOM. If we apply it correctly!!!

1 week ago

prudentinvestor

"Better sell overvalued Kseng and buy Rsawit now full of value"
Cannon Tan@Tan Tua Pao, Keck Seng's latest audited NTA is around RM7 a share. I did a rough calculation yesterday and arrived at the conclusion that its actual NTA should be over RM20 a share. Its EPS last financial year was 67 sen and it earned almost 50% more in the first quarter this year than the same quarter last year. Keck Seng is grossly undervalued.

1 week ago

prudentinvestor

RSawit has been losing money for the past 10 years. It has never paid any dividend for over 10 years and its NTA has been dropping yearly for many years, to only 17 sen. Soon its NTA could become negative. Only a fool will say that it is full of value.

1 week ago

prudentinvestor

"In mid-November 2022, Temasek said it would write off its US$275 million investment in FTX “irrespective of the outcome of FTX's bankruptcy protection filing”. The state investor had held a 1.5 per cent stake in FTX and the investment constituted 0.09 per cent of its $403 billion portfolio as at end-March 2022.17 May 2024"
Read the above article Cannon Tan, the fact that someone bought 3 million RSawit shares and became one of its top 30 shareholders doesn't make RSawit a good company. Only a fool will think this way.

1 week ago

calvintaneng

Yes Speakup

Better buy Jtiasa than over already kseng anytime

1 week ago

Diamond7

"Better sell overvalued Kseng and buy Rsawit now full of value"

Sure boh?
Be honest n write with integrity!
Prosper the righteous way....

1 week ago

Diamond7

@Calvintan
Just in case u dun know how undervalue KSeng is

Rich assets

Kseng’s assets: (i) Net cash of RM1.106 billion (RM3.08 per share), (ii) Securities of RM414.94 million (RM1.15 per share), (iii) Rental properties valued at RM950.40 million (RM2.65 per share). The three assets are valued at RM6.88 per share (14% higher than the previous share price of RM6.01 on June 26). Other assets include 9,436 acres of land bank in Iskandar (refer to 2012 and 2023 reports).

2. Cash is king

Of the net cash of KSeng, 384 million is in SGD and 329 million is in USD. These two strong currencies and the Malaysian ringgit deposits earned 32 million ringgit in interest and 25 million in foreign exchange income. Therefore, Keck Seng has a solid fundamentals with huge deposits and strong cash flow.

3. Land is the king of kings

When inflation is high and money is depreciating, land can maintain its value and generate gold. KSeng owns about 9,400 acres of land in Iskandar Special Economic Zone, with huge potential for industrial development. It can be said to be the Iskandar land king among Malaysian property stocks


Think of RTS
Think of JB new Shenzhen
Think of SPZone agreement in September

Properties n industrial land selling very well in JB

KSeng can be 7/8/10/20/30 dollars in ten years time
On the conservative side

May even touch 7/8/9/10 by year end
Nobody knows

We wait for the coming quarterly reports n watchs it's EPS

1 week ago

prudentinvestor

"Yes Speakup
Better buy Jtiasa than over already kseng anytime"
Cannon Tan, Speakup is a smart investor. He bought Keck Seng at under RM4 a share and knows how much it is worth. He won't change gold for stone.

1 week ago

speakup

wah lau u remember!
but i also sold too early. cry cry!

1 week ago

Diamond7

@ speakup
Not to worry

Probably there will be a healthy correction

N you can collect cheap !!
Good Luck

1 week ago

compoundingeffect

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E3%80%90%E8%82%A1%E5%8A%BF%E5%85%88%E6%9C%BA%E3%80%91%E6%9F%94%E6%96%B0%E7%89%B9%E5%8C%BA%E6%88%BF%E4%BA%A7%E6%8A%95%E8%B5%843%E5%A4%A7%E8%80%83%E9%87%8F%E9%99%88%E8%BE%BE%E7%BB%B4

1 week ago

prudentinvestor

I think Keck Seng 's correction is likely over. I went to a high of over RM6.40 about 2 months ago and then dropped to below RM5.90 before recovering slowly. It should move higher than RM6.40 before correction again.

1 week ago

Diamond7

@ prudentinvestor
Buyers of KSeng are long term investors
Old man or rich people
They hold tight tight...cos it's highly undervalue!!!

Fewer n fewer scripts available in the market!
Should KSeng declare a bonus issue or special dividend
It will fly.

Hopefully directors of KSeng do some cooperate exercise to reward the minority shareholders!!!

JB theme play will be on....
Still young....
N KSeng will move up up slowly
Properties n industrial land selling very well
Higher n higher EPS!

1 week ago

Diamond7

Cresendo share split
One becomes three!!!

Hopefully KSeng gives bonus soon!

5 days ago

prudentinvestor

I still prefer cash to shares. Better declare a special dividend of RM1 per share which the company can easily afford.

4 days ago

speakup

yes Cash Is King (to quote najib)

4 days ago

compoundingeffect

Execution is key. “It's not about the cards you are dealt with, but how you play the hand.” ― Randy
Pausch. In the case of property developers, having large landbanks at strategic locations is akin to
being dealt a good set of cards in a card game. Nonetheless, the value of the lands are only as
good as the hands that they are in. At the end of the day, the value of the lands depend on the
ability of a company management to monetize and maximize the yield of the lands. This is the
Property l Sector Outlook/Thematic
18 HLIB Research l www.hlebroking.com
reason why some of the developers continue to trade at steep discount to book value while some
companies are already trading at a premium to it

4 days ago

compoundingeffect

Another example of a company that monetizes their lands well is Crescendo.
Crescendo was one of the first companies that announced land sale to DC back in Nov 2023. Since
then, it has announced a total of four land sales to DCs to-date. In its latest quarterly results 1QFY25
(FYE: Jan), the group NTA was lifted significantly to RM4.36 (+24.2% from RM3.51 from the
preceding quarter) as it recognized substantial land sale gains to DC. There remains more land
sale to DCs that will be recognized in subsequent quarters. Other than this, the group also managed
to capitalize on the steep price rise near RTS station as it acquired a land near the station in Sep
2023 for a purchase price of RM72m. Since its acquisition, the GDV of the project was revised
upwards several times from RM700m to RM900m and most recently to RM1bn, indicating how rapid
house prices are rising in that area. At RM1bn, the land cost-to-GDV is only 7%, thus, the project
margin should be very lucrative. The project is slated to be launched soon in 2HFY25. .......can we suggest Kseng management do the same??

4 days ago

prudentinvestor

Keck Seng's share price can easily be supported at above RM8 a share with less than RM100 million. With net cash in excess of RM1.1 billion and mostly kept in banks as fixed deposits, this should be a more proactive thing to do.

4 days ago

compoundingeffect

(a)
How will the Company use its RM1.2 billion reserves?
(b)
Does the Company plan to distribute 50% of net profits as dividends or issue bonus shares? The dividend payout ratio of the Company is extremely low despite the Company’s high annual cash inflows and huge cash balance in the balance sheet. Loyal shareholders are not getting reasonable dividends based on the Company’s financial performance and standing.
A1)
(a)
The RM1.2 billion reserves are being maintained for several key reasons, to ensure the Company’s financial stability and to support its ongoing and future business developments and acquisitions. These reserves allow the Company to be both prudent, yet agile in seizing such opportunities.
(b)
The Company had demonstrated its commitment to shareholders’ returns by declaring a total dividend of 15 sen per share for 2023, which includes a special dividend of 5 sen per share. This reflects the Company’s effort to return value to shareholders.
While Management acknowledges and will consider various proposals on dividend payout and bonus shares, these must be evaluated within the broader context of the Company’s strategic objectives and prevailing market conditions. The Board remains committed to balancing immediate shareholder returns with the long-term sustainability and growth of the Company.

4 days ago

calvintaneng

Don't waste time here with little catalyst

See

HEXCAP (0035) is now Oversold. Time to Accumulate in View of TNB RM90 BILLIONS CAPEX 2025-2030, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-07-25-story-h-156043017-HEXCAP_0035_is_now_Oversold_Time_to_Accumulate_in_View_of_TNB_RM90_BILL

2 days ago

Diamond7

Cresendo share split
One becomes three..

Hopefully KSeng will oso proposed share split!

2 days ago

Diamond7

Hopefully end of August interim dividend will be more than 5 cents!!!

KSeng 's property n industrial land currently selling well!

2 days ago

compoundingeffect

The Company has been and will continue to diversify into various types of property development. Previously, the Company focused primarily on residential and commercial properties, but now the Company is expanding further into property investment, such as TD Point and TD Central. Moving forward, the Company will be starting industrial park projects and service apartments, broadening the range of products to buyers. In the next three years, the Company expects to significantly develop the BBKP township and initiate development in Taman Bukit Cahaya. The Company’s commercial properties, TD Central and BBKP Central, are expected to be more vibrant and mature. In addition, the Company will have developed a portion of the industrial segments, namely TPR Tech Park I and II.

1 day ago

prudentinvestor

"Don't waste time here with little catalyst"
Cannon Tan, don't waste time posting any comment here, no Keck Seng investor would believe you. With billions of investments being poured into Johor Bahru and its surrounding areas, Keck Seng investors are waiting for the company to lay golden eggs.

1 day ago

Diamond7

Don't waste time here with little catalyst

@ Calvin tan

The catalyst will come upon the signing of the SPZone agreement in September !
Following which all the resolutions will be tabled on budget day!
All related resolutions will be expected to be passed on budget day!

A lot of FDI foreign direct investment will flood into Iskandar!

Dream big!
Think of RTS
Think of JB as new Shenzhen

Will KSeng touch RM7.00/8.00/10.00 ?

5 hours ago