KSL HOLDINGS BHD

KLSE (MYR): KSL (5038)

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Last Price

1.79

Today's Change

0.00 (0.00%)

Day's Change

1.78 - 1.80

Trading Volume

114,300

Corporate Figure or Shareholder
Discussions
21 people like this. Showing 50 of 14,168 comments

cpfam230

Hi Eggplant, Thank you for the question. Let me start by saying i have been a small shareholder for KSL for many years since the time they use to give 2 lunch vouchers every year at KSL Mall. I believe the Ku Brothers and family have done a great job bullding KSL Holdings through their frugal conservative Management style. Today KSL Holdings stand tall among the well capitalised public company with close to MR 500 millions cash and huge landbanks in Johor plus KSL Malls in JB and Klang despite COVID 19 that bankrupted many companies. That being said, I believe the Chairman and Board of Directors can do more to bring the company to higher level. Currently most analysts agreed the KSL Holdings shares are grossly undervalued. With the PE about 5 and NTA od about RM3.50, how can KSL Holding share be at RM1.95 to Rm2 only? This I cannot understand why the Chairman and Board of Directors are not looking at ways to rectify this. Obviously to increasing the PAT is one way, but there are still so many actions can be taken as suggested by many experts by Mr Koon Yew Yin and few others. Policy for declaring Dividend, under what scenario will the company declare a decent dividend like most companies do. Data Center in JB is booming, what is KSL plan with huge Landbank? Any plan to build data centers? Sometimes I think besides, the Quarterly Results Announcement and Annual Shareholders meeting KSL Holding do no other communication to minority shareholders like us. Is the Chairman and Board of Directors thinks that as Majority Shareholders including their family friends etc, they don't need to care about the other 35% shareholder? This is why I believe the minority shareholders must form this Minority Shareholders Oversight Committee to tell the Ku family we are also KSL Holding owners albeit smaller % than them. I hope this can explain. Tks

2024-07-26 14:48

hulkbuster

Hi cpfam230, it is always a good idea to have MSOC, but the question is who has the money and power to champion this initiative? Perhaps, EPF or KWAP or the big mutual fund shall take a more active minority role in the local listco management by fostering shareholder best practices and "penalise" the bad intended listco.

2024-07-27 08:55

cpfam230

Hi Hulkbuster, tks for the msg. The key objectives of this KSL Minority Shareholders Oversight Committee(KSLMSOC) is: 1) to unite the minority KSL Holdings Shareholders to speak with one strong voice with KSL Chairman and Board of Directors for the key vision to bring KSL Holdings to higher level. 2) To work closely with KSL Chairman and Board of Directors for improvements to KSL Holding Management and Policies which take into conisderation of the Company wellbeing, Shareholders value and look after the interest of Minority shareholders 3) As a reminder to the Ku family and relatives that KSL Holdings is a public listed company with need to look after the interest of approximately 35% Minority Shareholders who are legally owners of the company and will speak up anytime to protect the Company and Shareholders interest.
As a small minority shareholders, I am willing to volunteer to get the ball rolling by getting the list of Minority Shareholders and total Shareholding and write to KSL Chairman and Board of Directors, Bursa Malaysia, and SSM and other legal requirements to form this Committee. If we as Minority shareholders is not willing to put in the effort to safeguard the Company and our interests, who is going to??? Tks Bruce Fam

2024-07-28 11:04

Eggplant

I guess KYY earns a lot from KSL 😃

2024-07-29 21:55

Invest_888

If the KSL can pay 25% profit as dividend payout, KSL share price can easily hit RM3.00 per share.

2024-07-31 10:45

GLNT

Some guy didn't get the memo that Nikkei is up 11% now, reversing yesterday's losses

2024-08-06 09:16

calvintaneng

RISE OF DIESEL PRICE BY 52% CAUSED PROPERTY, CONSTRUCTION AND OTHERS CUT INTO THEIR PROFITS, BETTER BUY EAST MALAYSIA OIL PALM STOCKS DUE TO NO DIESEL PRICE SPIKE, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-16-story-h-154165970-RISE_OF_DIESEL_PRICE_BY_52_CAUSED_PROPERTY_CONSTRUCTION_AND_OTHERS_CUT_

2 months ago

CharlesT

Dunno why Old Koon likes to buy these highly illiquid stocks....few millions RM inside also difficult to run

2 months ago

Invest_888

KSL remains most profitable developer in Malaysia. Consistently make money with valuable JB landbanks. Latest QR is 11.27cent.

2 months ago

roger3210

so what, continue to be the most underperform johor property among its peer. No dividend despite sitting on huge cash pile, no bonus issue despite retaining earning is 4 folds of share capital. The management just keeping all these in their pocket, shareholder wont benefit even 1c from the company.

2 months ago

slts

Capital gains is 1000x better than dividends

2 months ago

alex88

What the use of low PE when institutional funds avoid this stock.

2 months ago

Sslee

Family run business.
Company paid the three brothers very well but no dividend to shareholders
And now is the turn of children to be appointed to executive director.

2 months ago

investorbat

if volume more than 2.5mil and stays above 1.75,trends reversal

2 months ago

lcng123

In the last AGM, the management suggested Dividend Reinvestment Plan and I think this will start very soon

2 months ago

slts

Should be traded 4+ at pe 10x

2 months ago

Invest_888

I also think it is the beginning to pay dividend.


lcng123

In the last AGM, the management suggested Dividend Reinvestment Plan and I think this will start very soon

2 months ago

ks55

Go for dividend? Go for Paramount.

2 months ago

GreatDreamer

Investor have more confident now after 2Q result. Previously they r questioning the sustainable earning after EPS jump from pre-pendemic 20sen to last year 36 sen. Positive factors catalyst like booming JB economy, More project launch , Strong RM.

2 months ago

investorbat

towards 1.88,if announce free bonus share or dividend,boom to sky

2 months ago

roger3210

don't dream, the owner doesn't even care about the shareholders, typical china man style company

2 months ago

Tanleechoo

I prefer Matrix than this

2 months ago

lcng123

The management has approved Dividend Reinvestment Plan in last AGM

2 months ago

JrWarren

Dividend Reinvestment Plan = duit masih dalam company and shareholder get an extra share paper only.
In conclusion, KSL give u a share paper, u go bursa goreng urself.
When the share base enlarged, KSL is more liquid, but share price is likely to drop. Because U need to look for waterfish to buy these dividend reinvested shares (AKA paper share) while KSL top management still busy counting paper MONEY.

Give out dividend (from the company earning), is the only driving force for the share price. OR goreng by ppl.

2 months ago

roger3210

KSL obviously a value trap stock, with such low PE, higher than avg ROE, net cash stock yet underperform most other big/mid cap properties stock like mahsing simeprop ecowld spsetia. Better stay away from this kind of company.

2 months ago

cpfam230

2Q24 sterling results but noting happening in the share price and not a whisper from the KSL Holding Chairman and Board of Directors, no happiness and no sadness just no f,,,k. Sometimes. As a small shareholders of KSL Holding for many years, i cannot understand the Chairman, Board of Directors and Management. Do they know Public Relations of a Public List Company or they play dumb? I still believe the Ku Brothers are good honest business and very conservative in their Management style hence the way they manage this PUBLIC LISTED COMPANY like their own.company. They reason they get away is because the Minority Shareholders are weak and scattered like a loose bunch of chopsticks. Until minority shareholder unite under the Minority Shareholders Oversight Committee with one voice to query the Chairman and Board of Directors, they will continue to behave like this. Mr Koon latest article compare 9 public companies KSL Record Profits, KSL almost top in everything except KSL is highly undervalued. Why is the Chairman and Board of Directors not care about this? While I believe the Chairman and Board of Directors are all good honest businessmen who has the company Shareholders interest,in mind but I cannot figure why no actions except running the company to make more Profits? Fortunately SC has instructed all Bursa Public Listed companies must have physical meeting instead of hiding behind the Virtual meeting. Next AGM let meet the Chairman and Board of Director face to face and ask them why?
Generally speaking, I am not refering to KSL but general discussion I google or CHATGPT why a Public List Company want to keep the share undervalue? The possible reasons:
1) Company want to buy back the cheap shares at a discount
2) Risk of Takeovers: Bidders who seek to takeover a company by obtaining a majority of shares can more easily afford to do so when the stock is trading at a lower price
3) Attracting retail investors. Lower share prices can make stock more appealing to individual investors who may be deterred by high prices. This can broaden the shareholders base and potentially increse demand for the stock
There may be other resons anyone esle can add?

2 months ago

daretocutandchange

is matter of time,be patient eventually will going up

1 month ago

roger3210

'eventually' , eventualy many other will go up, and up way more than this KSL.

1 month ago

hng33

bought ksl at 1.72

1 month ago

hng33

Since KSL already approve dividend reinvestment plan in last AGM, it will propose dividend either in next Q3 as interim dividend or final dividend in Q4

1 month ago

roger3210

reinvestment meaning the dividend wont be going into ur pocket :D The owner still keep everything to themselves and minority shareholder only can see the valuation but cannot benefit from it, A typical type C family run business, u will be wasting your time if u hold this stock

1 month ago

lcng123

Dividend reinvestment share can sell in open market, it is almost same like cash dividend, or you can say is bonus issue, and at least we can get something rather than nothing

1 month ago

hng33

KSL can through dividend reinvestment plan to resume dividend policy to payout 30% and yet still conserve cash hoard to continue land acquisition for future more development project. The more project launched min future will in turn increase profitability.

These is win-win cycle and gradually enlarge company market capitalization through increase new share number issue via dividend reinvestment and higher market share price.

1 month ago

hng33

Agreed😊

1 month ago

hng33

Johor Singapore special economic zone, Many KSL landbank located in Skudai and Pulai, is prime beneficial

1 month ago

Ahthau

Dividend reinvestment - hopefull it is not day light dream.

1 month ago

roger3210

Invest_888, your day dreaming will never come true, there is some reason holding KSL back from giving dividend despite of sitting on a whooping 300mil net cash. Maybe there is some... unforeseen BAD NEWS coming?

1 month ago

speakup

https://focusmalaysia.my/pearly-tan-and-thinaah-win-the-hong-kong-open-final/

Fantastic job by these 2 inspiring girls! Besok.....cuti

1 month ago

Invest_888

ksl RM1.90 should be coming soon after breaking RM1.80

1 month ago

hng33

Sold at 1.85-1.86

1 month ago

lcng123

Agong visited China will push the development in Johor, KSL coming back towards 2.00 very soon

1 month ago

Invest_888

Agreed, RM2.00 should be coming soon. Many great government policies to drive JB property. Booming...

Agong visited China will push the development in Johor, KSL coming back towards 2.00 very soon

1 month ago

ks55

Good idea to have a casino in Forest City since it is already a duty free island, and special financial zone with low taxes.

Proximity and ease of travelling from Singapore will lure more Singaporean to have more thrill and better entertainment in JB. Malaysia already got one in Genting, no harm having another one near to Singapore. Just need to charge a day-membership fee (say rm 100 or 200) for Malaysian to gamble there, and of course Muslim are out of bound.

1 month ago

ks55

If under LSL, Singapore can issue 2 gaming licences, why not Malaysia? Lee Kuan Yew was not in favour, but his son can do it under his father's nose.

1 month ago

hng33

Newest but emptiest mall in Selangor? Why like this? KSL Esplanade Mall Walking Tour [4K]
https://www.youtube.com/watch?v=X8tIxEWCy-Y

1 month ago

lcng123

hng33, who wanna visit mall at 10:30 morning, this guy should take video in the afternoon or in the evening

1 month ago

pang72

Someone posted the video of empty TRX with taking the video in the morning too. I found it quite funny.

1 month ago

abcb

KSL drop below 1.60

1 week ago

Rose001

Finally sign of moving up

4 days ago

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