KECK SENG (M) BHD
KLSE (MYR): KSENG (3476)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
5.72
Today's Change
+0.01 (0.18%)
Day's Change
5.66 - 5.74
Trading Volume
62,500
Overview
Market Cap
2,068 Million
NOSH
361 Million
Avg Volume (4 weeks)
35,400
4 Weeks Range
5.58 - 5.80
4 Weeks Price Volatility (%)
63.64%
52 Weeks Range
4.40 - 6.45
52 Weeks Price Volatility (%)
64.39%
Previous Close
5.71
Open
5.73
Bid
5.71 x 500
Ask
5.72 x 15,000
Day's Range
5.66 - 5.74
Trading Volume
62,500
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2024 [#3] | 22-Nov-2024
Next QR | Est. Ann. Date
31-Dec-2024 | 27-Feb-2025
T4Q P/E | EY
13.37 | 7.48%
T4Q DY | Payout %
0.87% | 11.61%
T4Q NAPS | P/NAPS
7.49 | 0.76
T4Q NP Margin | ROE
11.26% | 5.71%
Market Buzz
2024-12-03
-177.56%News and Blogs
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: DIVERSIFIED INDUSTRIALS
Subsector: DIVERSIFIED INDUSTRIALS
Description:
Keck Seng (Malaysia) Bhd is a Malaysia based company primarily engaged in the business of palm oil cultivation and manufacturing. In addition, it is also involved in the business activities of property development and investment, and hotels and resorts ownership. The operating segments of the company are Manufacturing, Hotels and resort, Property, and Plantations. It generates the majority of the revenue from the Manufacturing segment which relates to the processing and marketing of refined palm oil products. The group?s operations are carried out principally in Malaysia, Singapore, Hong Kong, Canada, and United States of America of which key revenue is derived from Malaysia.
Discussions
8 people like this. Showing 50 of 3,497 comments
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
2024-08-31 17:11
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
2024-08-31 17:14
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!
2024-08-31 20:35
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.
2024-09-01 15:49
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.
2024-09-03 22:45
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!!!
2 months ago
Beauty of JB theme play is..
Cresendo n KSeng...
It's still young....
More to come!!!
2 months 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.
2 months 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.
1 month 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.
1 month ago
Price movements are very artificial. People in the know are accumulating.
2 weeks ago
So true especially for counters which have low free floats. Oriental consolidation looks like is over, time to move up again.
2 weeks ago
So true especially for counters which have low free floats. Oriental consolidation looks like is over, time to move up again.
2 weeks 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.
2 weeks 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. 🤣🤣
2 weeks 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.
2 weeks 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.
2 weeks 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.
2 weeks 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.
2 weeks 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.
1 week 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 week 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 week ago
Massive loss! Sure up on Monday sama macam Pchem. In bursa, only big loss making company can up because bursa is manipulated
1 week 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.
1 week 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.
1 week ago
@prudentinvestor, now is the best time for you to buy Oriental.It was thrown down heavily by some big guys. No worries....like K Seng, buy when it comes down a lot. Fundamental is still intact.
1 week ago
The 11th Malaysia-Singapore Leaders’ Retreat will focus on several key topics:
Finalizing the Johor-Singapore Special Economic Zone (JS-SEZ): Both countries aim to sign the JS-SEZ Joint Agreement.
Enhancing Cross-Border Flows: Improving the flow of goods and people between Malaysia and Singapore.
Business Ecosystem: Strengthening the business environment within the SEZ to support investments.
One-Stop Business Service Center: Establishing a center in Johor to facilitate approvals and licenses for Singapore businesses.
Passport-Free QR Code Clearance: Implementing a QR code system for easier border crossings.
Digitized Cargo Clearance: Adopting digital processes for cargo clearance at land checkpoints.
Investor Forum: Co-organizing an investors forum to gather feedback from businesses in both countries.
Talent Development: Curating training and work-based learning initiatives to address skills gaps.
Joint Promotion Events: Developing events to promote collaboration between Malaysia and Singapore
6 days ago
On October 20, 2022, KSM and its 99.8%-owned subsidiary, Lim & Lim Plantations Bhd, signed a comprehensive development agreement to allocate 20 acres of land to MBPG. This land will be used to develop a new administrative center in Pasir Gudang City
6 days ago
The Tanjong Puteri Resort TechPark in Pasir Gudang will offer several types of industrial land, including:
Freehold Industrial Land: Available for purchase at approximately RM 79.96 per square foot.
60-Year Leasehold Industrial Land: Available at around RM 52.00 per square foot for smaller plots and RM 60.42 per square foot for larger plots.
The TechPark will feature state-of-the-art facilities, including advanced infrastructure, ample parking space, and access to essential services. This development aims to attract a wide range of industries, from manufacturing to logistics and technology.
6 days ago
prudentinvestor, would you mind to compute the actual value to be unlock? will investor still claim that Kseng a value stock or growth stock in coming years?
6 days ago
I strongly believe the value unlocking engineering is in progress...................after so many n n n years.
6 days ago
PREDICTION OF 4TH QTR FYDEC2024 PRETAX PROFIT
PROPERTY DEVELOPMENT &INVESTMENT= RM32M
HOTEL BUSINESSES IN USA &CANADA =RM 10M
OLECHEM MANUFACTURING =RM10M
PLANTATION =RM8M
INTEREST INCOME =RM9M
DIVIDEND INCOME =1M
FOREIGN CURRENCY SAVING (FOREX)=RM45M
TOTAL PRETAX PROFIT =RM115M
Assumptions of the prediction of next qtr profit:-
1. based on current forex: USD -MYR 4.47, SGD-myr 3.33
2. businesses most affected by USD= Hotel in USA & Canada and Oleochem products for export
3. On 30sept2024, Forex USD -MYR 4.12, SGD-MYR 3.2
4. 3rd qtr FY Dec2024: Forex losses -RM76m,
co. pretax loss -RM36m,--->co. pretax profit excluding Forex losses =RM76m-RM36m=RM40m
(this is not a recommendation to buy or sell, purely for academic study!)
4 days ago
WHY I THINK KSENG IS AGGRESIVELY UNLOCKING IT'S LANDBANK THROUGH PROPERTY DEVELOPMENT?
According to annual report 2022, Bandar Baru Kangar Pulai township, Skudai, Johor Baru.
June2022 launched 132units two story cluster house
Dec2022 launched 139 units two story terrace house
2022 Total 271 units, GDV =RM140M
In 2023, Bandar Baru Kangar Pulai
May2023 launched 172units two story cluster house
Nov2023 launched 112units two story terrace house
Total 284units GDV=RM160
Taman Tanjung Putreri Resort , Pasir Gudang, JB
May2023 launched 113units single story terrace house
Nove2023 launched 88units two story terrace house
Total 201units GDV=RM70m
TPR Industrial Tech Park phase 1, 6.6acres in Pasir gudang
GDV=RM20m
2023 Total GDV= RM160m+RM70m+RM20m=RM250m
In 2024, Taman Daya , JB (12KM from JB city center)
March 2024 launched 106units Bungalow , Semi-D and cluster house
Pending launching 850units service apartment
pending launching 90units Bungalow, semi-D, cluster house
Total 1036units , GDV =RM220m+RM300m=RM520m
Bandar Baru Kangar Pulai township
Pending launching 280units landed properties, GDV RM160m
Luanched 72units two story shop office RM50m
TPR Industrial Tech Park , Pasir Gudang 2nd phase 192acres
Pending launching GDV=RM600m
New township in Masai JB: Taman Bukit Cahaya
Pending launching 95units two story terrace house , GDV RM40m
2024-2025 1qtr Total GDV=RM520m+RM160m+RM50m+RM600m+RM40m=1.370b
Property development GDV from RM160m in 2022 to RM1.370b in 2024-2025 Ist qtr. 800% increase !! How do we quantity these into EPS?
11 hours ago
Post a Comment
Featured Posts
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-12-03 16:40:00
TURTLE SYSTEM 20
5 Mins
SELL
2024-12-03 16:35:00
TURTLE SYSTEM 20
5 Mins
BUY
2024-12-03 16:20:00
EMA 5
5 Mins
BUY
2024-12-03 15:20:00
EMA 5
5 Mins
SELL
2024-12-03 15:05:00
ADX
5 Mins
BUY
Apps
Top Articles
1
2
TA Sector Research
3QCY24 Results Review - First Earnings Upgrade in 10 Quarters
4
save malaysia!
5
6
7
8
save malaysia!
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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
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.
2024-08-28 22:24