Koon Yew Yin, 4th Oct 2024

The list below is the comparison of the top 10 property developers in Malaysia and based on their Earning Per Share (EPS) for the latest 4 quarters, KSL is the cheapest.

Note: IOI Property reported EPS 28.08 sen for the quarter ending June 2024 and total 9.4 sen for the other 3 quarters. EPS 28.08 sen could be an exceptional item.

All property prices have gone up in every town and city in Malaysia due to the rising cost of land, building materials, labour etc.

KSL is still the cheapest based on a 4.4 PE ratio, which means its share price should continue to go up. 

Unfortunately, there are a few small investors who always queue to sell at cheaper prices just before the market closes to depress the share price. I have reported this unethical practice to Bursa Malaysia.

KSL Holdings Bhd is a holding company. It is engaged in real estate services. 

The company has four reportable segments:

• Property development: Includes the development of residential and commercial properties.
• Property investment: Includes investment in real properties and hotels.
• Investment holding: Includes the provision of management services to the subsidiaries.
• Car park operation: Includes car park management services.

KSL derives most of its revenue from property development.For Example:

In May 2023, the company launched the KSL Esplanade Mall in Klang, Malaysia, which spans an impressive 650,000 square feet. It features four floors of retail space, making it a substantial shopping center. Additionally, the mall includes a landscaped park, an event space of up to 10,000 square feet, an outdoor dining terrace, and a children’s playground. Operated by KSL City Management Sdn Bhd, this mall aims to be more than just a shopping destination, offering a variety of experiences for visitors. It’s a significant addition to Klang’s retail scene!