PE ratio of more than 100 times. Price you pay today equals to 100 years' profits .. technically.
It is not wise for the company to enter to support the price now, not until a level ..
Good companies usually only enter to support if the price falls more than 20% from it fair value.

The 30% is most puzzling. You are not the first that applied the system. The system already exists for more than a decade. Lots of countries already adopted it. It is more of applying it here and doing certain customisation. The 30% cut does not make business sense at all.

Surely this transaction dents the credibility of the entire management team especially the MD.

PE too high to justify its valuation. It will normalise to a level ..

After you've have spent the 1 bil, the current system becomes obsolete cannot counter new security threats posed by advanced technology and new types of crimes. Then the government says you need to invest a further 500 mil. Si kiau kiau.

Nobody and no company will do this kind of deal.
What concession! Up calculate down calculate left right calculate also not sound.
No return for 8 years yet required to assume all risks.

The company to raise 1 billion for the SKIN is almost equivalent to its market cap now.
And the company proudly says I assume all the risk.
And ridiculous from the cash flow perspective.

.... only if can hold more than 5 year

If not mistaken the MD said the Government has zero risk.
Means you have all the risk.
What a deal !?!?

1 billion investment.
294 mil proceeds one year starting from 2022.
Free 2018 to 2021.
So your investment cost only fully recovered after 7 years (and execution risk and interest cost have not been factored in).
The company only get +positive cash flow from SKIN from year 8 onwards.
Hmm ... better put money in FD first.

http://www.thestar.com.my/business/business-news/2017/07/18/prestariang-secures-rm3pt5bil-concession-to-implement-skin/

Very positive to value of the assets of MKH
1. Already operational MRT line to Kajang
2. Already open new flyover linking Bangi and Kajang 2.
Still pending completion; expected this year
3. New Kajang 2 KTM station

http://www.thestar.com.my/metro/community/2017/07/18/new-flyover-in-kajang-to-open-on-thursday/

Good one zoom

Prestariang jumped 8% at 2.38 ringgit after BIMB Securities initiates the stock's coverage with a "buy" call and a target price of 2.85 ringgit. "We are positive on Prestariang's earnings prospect given the potentially significant contribution from the SKIN (National Immigration Control System) project and better demand outlook for its software distribution division," BIMB said in a note.
_Nikkei Asian Review

http://www.thestar.com.my/business/business-news/2017/07/17/prestariang-to-make-material-announcement/

http://www.thestar.com.my/news/nation/2017/07/17/najib-launches-phase-2-of-sungai-buloh-kajang-mrt-line/

Do you see this a tech company?

zoomboom thanks for sharing .. you are spot on.

“Profitability is still not the priority for our cloud business,” Wu told investors. Alibaba wants to “quickly expand cloud leadership in coming quarters.”

https://www.bloomberg.com/news/articles/2017-06-08/alibaba-foresees-sales-growth-of-as-much-as-49-percent-this-year

http://www.focusmalaysia.my/Property/mkh-turns-to-greater-kl

The Director bought shares.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5452333

Sure he is happily buying the shares.

Still Happily sell Happily buy.

Among the new launches are integrated high-rise developments in Kuala Lumpur known as TR Residence at Jalan Tun Razak and Saville @ Mont’Kiara with an estimated gross development value (GDV) of RM400 million and RM430 million respectively, said executive chairman Tan Sri Alex Chen Kooi Chiew.

The company also plans to launch Phase 1 and Phase 4 of Hillpark @ Shah Alam North by June next year. The two phases will comprise 814 double-storey terraced houses with a total GDV of RM366 million.

Meanwhile, poised to be unveiled by March 2017 is the RM262 million mixed-use development MKH Boulevard 2. MKH will also launch Kajang 2’s Precinct 2, which consists of 198 double-storey terraced homes with a GDV of RM137 million.

Another day of Happily Sell Happily Buy!

The dull property segment in 1H is set to be more vibrant in the 2H when the MRT to Kajang becomes operational by July 2017. The new KTM station being built in Kajang 2 township is expected to be completed about the same time. MKH is set to launch more infrastructure themed properties.

Already the TR Residence project (with GDV close to RM400 million) has garnered very good take up rate (more than 80%) since its soft launch in February 2017.

https://www.bloomberg.com/news/articles/2017-05-31/china-s-road-to-world-tech-domination-begins-in-southeast-asia

Happily Sell and Happily Buy

Will this result prompt Public Bank to sell MKH shares?

I am puzzled with this statement .. see the last row (".. with anticipation in the increase in CPO and palm kernel prices"). On what basis?

The Board of Directors expect the Group to achieve satisfactory results for the financial year
ending 30 September 2017 arising from the profit recognition of the ongoing projects that
have been launched and sales locked-in in the previous financial years by the property and
construction division and the profit contribution (excluding unrealised foreign exchange
gains/losses) from the plantation as more palms are entering into maturity stage with higher
yield couple with the anticipation in the increase in CPO and palm kernel prices.

It is difficult to match last year's same quarter profit of 13 sen per share. But would be happy if 1H this year profit can exceed 20 sen per share. Last year's figure has included 27 mil gain on foreign exchange.

（吉隆坡25日讯）金群利集团（MATRIX，5236，主板产业股）指出，2018财年的产业销售额，有望突破12亿令吉。集团董事经理拿督李典和指出，该集团2018财年销售目标为10亿令吉，意味着每一个季度必须取得2亿5000万令吉。
“不过，截至上周，我们已取得接近4亿5000万令吉的销售额。首季还没结束，销售额就已经超过目标近一倍。由于集团的产品认购率
高，我有信心在本月底可取得5亿令吉。”
李典和今日出席与马银行投行一项签署协议仪式后的记者会上，发表谈话。
他说，今年集团准备推出约15亿令吉发展计划，根据以往记录，认购率料达80%。
“从这个趋势来看，取得12亿令吉的销售额并非遥不可及。”
此外，李典和也说，市场需求一直都在，关键在于房产的地点和负担能力。
巴生谷买家逾60%
“金群利集团向来都提供可负担房屋，所以并无面对需求短缺。”
他举例，公司在2013年上市时，约有30%买家来自巴生谷，而在2010年则是少于10%。
不过，他们相信巴生谷市场将会放缓，因为房价太高，因此，该集团会尝试抓紧市场。“今年和去年，来自巴生谷的买家超过50%至60%，所以对于有地房产市场很有信心，我们知道这是在可负担价位范围内。”
首发2.5亿回债
今天，金群利集团与马银行投行签署协议，发行2.5亿令吉回教商业票据，并安排在6月发出首批回债。
集团主席拿督莫哈末哈斯拉指，发行回债所筹得的资金，将用于融资未来投资、营运资本要求及资本开销，如扩大地库规模。
伺机并购
“这是集团自2013年上市以来，首次进入债市，肯定会为我们带来足够的资金，扶持业务增长计划和策略。”
他补充，这也将成为金群利集团的备用资金，一旦看到收购产业的机会，就可利用资金攫取商机。
同时，他说无论市场发生什么事，该笔资金将可维持集团的稳定。

https://gapki.id/wp-content/uploads/2017/05/Indonesian-Palm-Oil-Statistics-Data-2017.jpg

It is difficult to match last year's same quarter profit of 13 sen per share. But would be happy if 1H this year profit can exceed 20 sen per share.

Matrix Concepts
Market Cap : 1.638 b
Enterprise Value : 1.795 b

MKH
Market Cap : 1.374 b
Enterprise Value : 2.543 b

See how is capital management of a company playing a role in value creation! MC says you are way behind me.

Hoping that the major shareholder Public Bank chooses not to subscribe the rights issue. Send them a message!

Guess your corporate guys are not creative enough to raise funds. But what is the stumbling block? You have so much to leverage on ... the land, the supportive and major shareholder i.e. Public Bank. Come on.

If not the way Matrix Concepts returning profits to shareholders on a quarterly basis, MKH should seriously consider declaring half yearly interim dividends. The main reason being MKH is not as savvy as Matrix Concepts in term of the funding management. So we shareholders may be better than you.

MKH to work harder! Market value of Matrix Concept has now exceeded 1.6 billion ... way ahead of MKH. Sad MKH!

MKH should emulate Matrix Concepts in raising funds ... by not calling any more rights issue.
Kudos to Matrix Concepts which its share price has rallied 15% so far.
http://www.theedgemarkets.com/article/matrix-concepts-plans-raise-rm250m-sukuk

It is difficult to match last year's same quarter profit of 13 sen per sen. But would be happy if 1H this year profit can exceed 20 sen per sen :-)

http://jakartaglobe.id/business/2017-good-year-ipo-indonesia/

https://www.bloomberg.com/news/articles/2017-05-17/soap-to-chocolate-we-consume-17-pounds-of-palm-oil-each-year

CPO price has been historically co-related to crude oil price.
Higher crude oil price could potentially reduce CPO stocks.

Tow reports that are good to MKH!

https://www.bloomberg.com/news/articles/2017-05-15/oil-halts-gains-as-more-u-s-rigs-counter-opec-cut-deal-report

https://www.bloomberg.com/news/articles/2017-05-15/singapore-property-comeback-fueled-by-developers-hungry-for-land

It will be a boost of confidence if Public Bank decides to subscrib to their portion of the rights.

http://jakartaglobe.id/business/indonesia-q1-gdp-growth-edges-higher-exports/
http://jakartaglobe.id/economy/q1-result-shows-engines-running-indonesian-economy-sri-mulyani/

Morning! https://www.bloomberg.com/news/articles/2017-05-04/indonesia-s-still-a-darling-for-investors-shrugging-off-earnings

Today last trading day before ex tomorrow. Happy investing guys!

Fundamental in the world largest producer of CPO.
https://gapki.id/wp-content/uploads/2017/04/INA-PALM-OIL-STATISTICS-FEB-2017-.jpg
https://gapki.id/wp-content/uploads/2017/03/INA-PALM-OIL-EXPORT-PROFILE-JAN-2017.jpg

Look at UP latest quarterly results the Q1 2017 realised CPO price was 2,855/ton compared to 1,913/ton in Q1 2016. What an increase!