KSL HOLDINGS BHD

KLSE (MYR): KSL (5038)

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Last Price

1.89

Today's Change

0.00 (0.00%)

Day's Change

1.87 - 1.92

Trading Volume

803,100

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Stock Price

238

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Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Discussions
21 people like this. Showing 50 of 14,034 comments

lcng123

I hold KSL even longer since 2013 once upon a time KSL share price stood at 4.98 before bonus issued.

1 month ago

MG9231

@Icng123 around 2013 share price above $2.20 less Dividend , around $2.05-$2.1 ?

1 month ago

KarmaPrince

I thought the company has committed to a 40% dividend policy way back in 2015?

1 month ago

Eggplant

Can a company rescind its dividend policy without notifying shareholders?

1 month ago

KarmaPrince

I guess the commitment has no legal standing and therefore not enforceable. But the management has since lost the confidence of investors as reflected by the subsequent share price chart.

1 month ago

lcng123

KarmaPrince, may be you are new to KSL, the management never bother of lost of confidence of investors and never bother how low is the share price will go to. Once upon a time the share price drop below 50sen and flat around 60sen for a year in 2021

1 month ago

pang72

Hello,
Johor property boom la

1 month ago

IamBen10

🚁🚁🚁

1 month ago

Eggplant

More boom in Johor property? 😀

1 month ago

sniper123

pang sifu where r u?? why suddenly so quiet no sound n no shadow of u??

3 weeks ago

stkoay

....haha, after pang bought, will make a lot of noise.....after sold liao, will go hiding....haha :p

3 weeks ago

MG9231

It appears KYY not in the Top 30 shareholders as well

3 weeks ago

Lee Ying Yee

buy subsidiary land $211m director income 50m .? share holder $ 0.00 ???

3 weeks ago

Eggplant

It seems like KYY cabut alrdy. ha

3 weeks ago

GreatDreamer

Risk appetite for growth stock Investor coming back after US Nasdaq up 315 point.

3 weeks ago

K.H

股海捞月│产业股气势如虹 顺利实业黑马突围 | https://www.klsescreener.com/v2/news/view/1319673

3 weeks ago

dragon328

The proposed 13% hike in salary for civil servants will likely benefit KSL a lot as the company targets to sell a lot of affordable housing to this group of buyers

2 weeks ago

RJ87

Mahsing 60m profit sits on RM3Billion market cap…

this counter is only RM1.9B at 100m profits. Given it’s landbank, completed hotels and malls, and inventories should easily put it at RM3-4B market cap for price of RM3/4.

Very safe and syndicates knows no matter price they goreng up or down, they will eventually win.

2 weeks ago

sniper123

CON YY oledi say buy buy sayonara lah

2 weeks ago

Eggplant

Who is that CON YY , sniper123? 😂

2 weeks ago

dragon328

@RJ87, correct, KSL is the property company that made the most profit in 2023 with net profit of RM416 million, followed by SimeProp RM408 million and SP Setia RM298 million.

But KSL market cap is only a fraction of the other property companies like Mah Sing and SP Setia.

2 weeks ago

Eggplant

Hope it can declare dividend when it announces Q1 result ..

2 weeks ago

lcng123

KSL continue hits highest record

1 week ago

Eggplant

Reaching Rm2 tomorrow

1 week ago

hsong

The company is not doing enough. Thats bad news but others are so optimistics with so many property n devt deals done

1 week ago

bryan2003

KSL has many projects in Pulai....

KUALA LUMPUR (May 13): AME Elite Consortium Bhd (KL:AME) is selling 11 plots of freehold land measuring over 34.91 acres in Pulai, Johor Bahru, for RM209.84 million cash to Hong Kong-based data centre operator Digital Hyperspace Malaysia Sdn Bhd (DHM).

In a filing with Bursa Malaysia on Monday, the property developer said the plots of land are located in i-TechValley — a 170-acre industrial park at the Southern Industrial and Logistics Cluster (SILC).

DHM is a wholly owned subsidiary of Quantum DC (HK) Ltd, which primarily provides infrastructure for hosting and data processing services, AME Elite said.

AME Elite is selling the 11 plots of land through its wholly owned subsidiaries Pentagon Land Sdn Bhd and Greenhill SILC Sdn Bhd. This sale is subject to approvals from the Johor State Government Office and other relevant authorities if the relevant land registry requires a no-objection letter from the Economic Planning Unit.

The transaction valued the land at RM138 per sq ft on a “willing-buyer willing-seller” basis.


According to CBRE WTW Valuation & Advisory Sdn Bhd, the plots of land were sold at a slight premium to the market based on previous transactions in Pulai. It said the last transacted price in Pulai was between RM120 and RM138 per sq ft.

Over the last one month, there has been a sharp increase in land demand in Pulai, especially from data centre operators. The latest one was Axis Real Estate Investment Trust (Axis REIT), which disposed of 26.96 acres of industrial land in Axis Steel Centre @ SILC, Johor for RM162 million to a data centre operator. It did not disclose the identity of the purchaser. The transaction valued the land at RM138 per sq ft.

AME Elite estimated the company would lock in gross proceeds of RM155.04 million from the land sale. The proceeds have been earmarked to fund development costs relating to i-TechValley, including land, infrastructure and construction, as well as future industrial property development and investment projects, including land acquisitions and joint ventures.

i-TechValley is AME Elite's latest ongoing industrial park development project with an estimated gross development value of RM1.5 billion spanning over five years.

Launched in October 2022, i-TechValley has achieved a take-up rate of approximately 30%.

Meanwhile, the remaining RM54.8 million will be used for working capital and related expenses for the proposed disposal.

The proposed sale is expected to be completed by the first quarter of 2025.

Trading of the securities in AME Elite has been suspended from 9am to 5pm on Monday and will resume on Tuesday. The counter was last traded at RM1.78, giving it a market value of RM1.14 billion. Its share price hit an all-time high of RM1.88 on Feb 9 this year.

AME Elite’s net profit for the third quarter ended Dec 31, 2023 (3QFY2024) surged 136% to RM21.92 million, from RM9.28 million a year earlier, mainly due to a fair value gain of RM13.12 million on investment properties, arising from the sale of industrial properties to AME Real Estate Investment Trust.

Revenue for 3QFY2024 grew 31.16% year-on-year to RM176.21 million from RM134.35 million.

For the nine months ended Dec 31, AME Elite’s net profit rose 9.55% to RM67.02 million from RM61.17 million on the back of a 51% surge in revenue to RM632.06 million from RM418.71 million.

Source: TheEdge - 14 May 2024

1 week ago

Alex_Kho

Post removed.Why?

1 week ago

RJ87


This is good news. Lap sap with Rm8m profit can hv RM500m valuation.

Now KSL with RM100m profit, 10x Guacoland. Like this KSL mar at least RM4B valuation right? Still got 100% to go
————————-
speakup
https://theedgemalaysia.com/node/711394
More bad news

1 week ago

bryan2003

KUALA LUMPUR (May 15): The Malaysian property market was active in the first quarter of 2024 (1Q2024), recording a 34.3% growth compared to the first quarter a year ago, with more than 104,297 transactions worth RM56.53 billion, a 34.3% jump in transaction value.

Valuation and Property Services Department Director-General Abdul Razak Yusak said in terms of volume, property sub-sectors recorded positive growth in 1Q2024; the commercial sub-sector grew by 33.4%, residential by 16.6%, industry by 14.3%, agriculture by 13.7%, and development land and others by 10.7%.

“The residential sub-sector continues to dominate market activities with over 62,000 transactions, valued at over RM25 billion, comprising nearly 60% of overall property market activities.


“Housing priced at RM300,000 and below dominate the market with 33,500 transactions, comprising more than 50% of total transactions,” he said when presenting the 1Q2024 Real Estate Market Report in a live broadcast on Facebook on Wednesday.

According to Abdul Razak, construction activities also showed positive growth in 1Q2024 when commencements rose to more than 21,300 units, an increase of almost 8% from the previous year, while planned new developments decreased to around 11,000 units.

New residential launches increased by 19.8% to 5,585 units, from 4,661 units in 1Q2023.

The serviced apartment segment saw a 70% spike in completed units to 5,500. Projects starting construction and planned new developments each rose by more than 100% versus the same quarter in 2023.

The Malaysian House Price Index (IHRM) rose marginally by 0.5% to 216.9 points, with house prices averaging RM468,000 a unit, Abdul Razak said.

“All states recorded moderate growth of between 0.5% and 4.6%, except for Kuala Lumpur, Penang, Perak, Melaka and Sarawak, where prices contracted by between 0.2% and 2%.

“Terraced housing remained stable with a positive 1.8% growth, while other types of housing recorded a marginal decrease,” he said.

Completed unsold housing, commonly known as a residential overhang, decreased to 24,208 units worth RM16.49 billion, compared with 25,816 units worth RM17.68 billion in 4Q2023.

Serviced apartment overhang rose by 5.2% to 21,913 units, with a 9.7% rise in ringgit value to RM18.16 billion.

“Serviced apartment units priced between RM500,000 and RM1 million make up 58.1% of the total overhang,” he said.

The performance of private purpose-built offices recorded a marginal increase, he said.

“The occupancy rate of privately owned, purpose-built offices rose marginally to 72%, versus 71.9% in the previous quarter,” he said.

1 week ago

Alex_Kho

KSL is significantly undervalue compared to its peers.

1 week ago

Eggplant

Yupe, its PE is only 4.83x currently

1 week ago

Alex_Kho

@Eggplant, if you look beyond PE, KSL is a steal. low debt, good cash pile to weather any downturn or slowdown and able to buy cheap lands for further development.

1 week ago

RJ87

Alex Kho, only remaining question for you is what is a fair value to take profit?
P.S. I’m gonna discount 25% from whatever you say and take profit first.

1 week ago

GLNT

Please just break RM2, why block it...lol

1 week ago

dragon328

@Alex Kho, good write-up on KSL.

KSL is not only trading at PER of below 5x, but it has plenty of land in Johor which still carries at very low book value.

Looking at how land price in Kulai/Pulai being snapped up by data centre developers at prices as high as RM138 psf, I think KSL will see huge revaluation gains for its total 578 acres of land around Pulai.

1 week ago

GLNT

Jackpot land

1 week ago

Alex_Kho

exactly. there is a very high chance it will break RM2

1 week ago

Alex_Kho

@dragon328 thanks.

1 week ago

SS13

KSL must come out with a dividend policy so that more will invest in the counter. Has not dished out dividends since 2015.

1 week ago

lcng123

While other bought land at RM138 psf, KSL bought land at a very low price of RM26 psf at around the same location

1 week ago

Eggplant

Looks like KSL can hit Rm2 by tomorrow

6 days ago

IamBen10

Yea, Looks like KSL will heading upward for sometimes after this... I bought at 1.09 on Dec'23 and now feel like just good enough to exit with this much profit...
Thank you KSL brothers...

6 days ago

foresteri

iskandar benefit from SFZ

4 days ago

Eggplant

Hmm.. People start taking profits before the results are out 😐

2 days ago

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