Aero1

Aero1 | Joined since 2013-08-16

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Stock

2016-03-14 09:45 | Report Abuse

Plantation assets - RM1 billion (based on latest transacted value)
Property assets - RM500 million
Total - RM1.5 billion
Value per share - RM3.60

Stock

2016-03-14 09:41 | Report Abuse

MKH's director and major shareholder bought shares from open market.

Stock

2016-03-14 08:40 | Report Abuse

IDR: Enjoying the moment

The IDR has appreciated the most in Asia year-to-date, exceeding our relatively positive
expectations for the currency coming into 2016. In a low-growth, low-inflation global
environment, the IDR’s attractive FX valuation ‒ at least in nominal terms (Chart 1) ‒ as well as
high nominal and real yields have stood out, attracting strong portfolio inflows.

There are other reasons behind the improvement in Indonesia’s balance of payments: First, the
current account deficit shrank to 1.9% of GDP in Q3, due to sluggish domestic demand and a
smaller services account deficit (Chart 2). The latter reflects both a decline in transportation
services costs and rising tourism revenue. While Indonesia’s commodity exports growth remain
sluggish, it appears that the worst of the terms-of-trade shock is behind us (Chart 3).

Second, FDI inflows have been on the rise, particularly from Greater China and Singapore,
and concentrated in the utility sector (Chart 4). This trend may continue as a result of the
government’s recent decision to remove many industries from the ‘negative list’ for FDI. Third,
shrinking other investment account outflows seen in the Q3 2015 data suggest that
elevated USD-IDR spot and forward points have dampened importers’ FX hedging demand.
Furthermore, we note that FX liquidity has improved as a result of policy measures, such as
Bank Indonesia’s FX term deposits (Chart 5) and FX bill issuance.

Indonesia continues to display a better fiscal position than most other EM countries. The
2016 fiscal deficit target was set at 2.1%, with a planned increase of expenditure on
infrastructure and healthcare. Removal of gasoline subsidies and plans to introduce a tax
amnesty bill has given the government room to spend in these areas. Successful sovereign
external debt issuance also reduced supply pressure in the local bond market.

Indonesia’s macro policy framework remains on the right track. The key building blocks ‒
prudent monetary policy, a flexible exchange rate and pre-emptive risk management ‒ remain in
place. These have enabled a soft landing in the credit cycle ‒ inflation is contained, while IDR
liquidity has started to ease since mid-2015, as indicated by falling deposit rates even before
policy rate cuts (Chart 6).

These developments facilitated the latest policies to lower government bond yields ‒ giving tax incentives to local pension funds and insurance companies to hold government bonds (Chart 7) and lowering deposits and lending rate ceilings.

BI has become more focused on strengthening FX reserve cover in recent years. Both BI and
the government have indicated that the IDR should not strengthen beyond its fundamentals. FX
reserves have already started to rise in February (Chart 8). Factoring the positive
developments, while bearing in mind the FX policy preference, we change our year-end
forecast for USD-IDR from 14,500 to 13,500.

Stock

2016-03-11 16:39 | Report Abuse

Remember few years back IOI acquired a plantation company owning a similar hectages ie. 15k ha or RM66k per ha for a consideration of RM1 billion. What you are paying now is for the plantation assets in MKH. You'll also get to buy property assets for free. SImple!

Stock

2016-03-11 16:17 | Report Abuse

Now that MKH has crossed 1 bil market value, this may prompt certain funds (with mandate to invest in company of at least 1 billion) to consider to invest.

Stock

2016-03-11 12:34 | Report Abuse

Cheapest plantation proxy. Growing plantation contribution.
Healthy sales of affordable housing. Reaping harvest from high unbilled sales.

Stock

2016-03-11 10:02 | Report Abuse

It means something having Public Bank Group as your shareholder with 9.8% stake.

Stock

2016-03-11 08:34 | Report Abuse

Thx K.H ... With plantation young age profile and strategic and sizable property landbank, MKH should command higher PE.

Stock

2016-03-08 08:51 | Report Abuse

Increase in crude oil price is positive to CPO price.

Stock

2016-03-04 09:36 | Report Abuse

In fact if the one-ff gain is taken out, the profit margin in the property segment has been creeping higher. Good mix of products including with more high rise projects near the MRT/LRT.

Stock

2016-02-29 09:59 | Report Abuse

See the media coverage given to President Indonesia. That's a credible plan and will spur confident.
http://www.bloomberg.com/news/videos/2016-02-25/evolving-indonesia-jokowi-s-mission

Stock

2016-02-26 09:13 | Report Abuse

Yes plantation earnings is expected to go higher on the back of higher CPO and PK prices and sales quantities and the resilient IDR. Q1 has EPS of 14 sen!

Stock

2016-02-25 21:24 | Report Abuse

It is remarkable, given the soft property market, to see the unbilled property sales sustaining at this high level. Kudos to MKH!

Stock

2016-02-25 08:38 | Report Abuse

Also paying lesser to the CPO levy in USD with the strengthening of IDR.

Stock

2016-02-24 21:48 | Report Abuse

IDR has been resilient lately. Good news to Indonesia plantation company with USD debts.

Stock

2016-02-05 16:14 | Report Abuse

Higher CPO price, higher property profit and strengthening IDR yet price no movement!!

Stock

2016-02-05 09:23 | Report Abuse

Win another project along Jalan Tun Razak. Next to Titiwangsa LRT and Monorail.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4995045

Stock

2016-02-02 13:55 | Report Abuse

The sensitivity analysis of foreign exchange risks as shown in its latest annual report, MKH says if USD weakens against IDR by 5%, the PBT is to increase by RM12 million and vice-versa.

Stock

2016-01-29 16:36 | Report Abuse

2016 EPS. Plantation could potentially contribute 10 cents while property may chalk up 20 to 25 cents. Happy Investing!

Stock

2016-01-29 10:50 | Report Abuse

While others are affected, MKH says its own estates expect minimal El Nino impact as it is located at the equuator with adequate rain fall and good network of canals for irrigation.

Stock

2016-01-22 10:07 | Report Abuse

lcng123 good one.
USD borrowing is also being liquidated.

Stock

2016-01-21 11:58 | Report Abuse

The market is really bearish ..
30/9/2015 - Price 2.30 CPO price 2000
Now - Price 2.08 CPO price 2450

Stock

2016-01-06 12:39 | Report Abuse

La Nina has in the past resulted in higher grains prices including soybean price.

Stock

2015-12-10 10:23 | Report Abuse

Oh .. it is right only 0.77 sen per share.

Stock

2015-12-10 10:20 | Report Abuse

This deal is not significant but is good in term of allocating its resources to best use.

Stock

2015-12-10 10:19 | Report Abuse

Gain RM0.77 sen per share!
Is this right?

Stock

2015-12-04 09:38 | Report Abuse

S.No. / Date / Closing Price / Target Price / Rating
1: 01 Dec 14 / 3.02 / 5.40 / BUY
2: 26 Jan 15 / 2.71 / 4.10 / BUY
3: 16 Feb 15 / 2.89 / 4.10 / BUY
4: 29 May 15 / 2.38 / 3.80 / BUY
5: 22 Jul 15 / 2.29 / 3.80 / BUY
6: 10 Aug 15 / 2.26 / 3.80 / BUY
7: 27 Aug 15 / 2.02 / 2.80 / BUY
8: 09 Sep 15 / 2.04 / 2.80 / BUY
9: 07 Oct 15 / 2.36 / 2.80 / BUY

Haha how many times wrongs can he have? Haha

Stock

2015-12-03 15:11 | Report Abuse

2016 plantation outlook for MKH.
- tightening output in the market due to dry weather associated with El Nino
- CPO price to be trading up
- higher output by MKH due to young trees and more trees come into maturity
- USD borrowing being liquidated and softening of USD (likely after Fed lifts its rate)
Happy investing!

Stock

2015-12-02 10:26 | Report Abuse

Panahome Global's sales in FY2015 was USD2.7 billion.
http://www.panahome.jp/english/index.html

Stock

2015-12-02 10:24 | Report Abuse

Spot on! 2016 property segment to contribute at least 25 cents per share.

Stock

2015-12-02 08:45 | Report Abuse

What a strategic alliance! MKH's brand name get boosted!
Want a Japanese's element house look no further than MKH.
PanaHome MKH Malaysia Sdn Bhd - http://www.bursamalaysia.com/market/listed-companies/company-announcements/4938653

Stock

2015-11-29 20:42 | Report Abuse

MKH is back on profit growth track!

Stock

2015-11-29 20:41 | Report Abuse

Plantation, aside from the non-cash forex losses, performed remarkably well. CPO yield is 7 to 8 tonnes/ha, throwing behind many established plantation companies. Look at the increase in CPO sales from 76.6k tonnes to 108.9k tonnes. This is poised to increase further with more trees coming into maturity. Average selling price of CPO was less than RM2,000 a ton in FY2015. Big impact on earnings if CPO price average RM2,300 next year.

Stock

2015-11-29 20:32 | Report Abuse

Property unbilled sales all times record high at RM920 million. Good earnings visibility.
To capitalise on MRT which is scheduled to complete in 2007 by launching more projects.

Stock

2015-11-24 11:43 | Report Abuse

Fundamental very sound company.

Stock

2015-11-24 11:09 | Report Abuse

Dividend expectation!

Stock

2015-11-10 21:44 | Report Abuse

Decent Q3 2015 results.

Stock

2015-11-10 21:43 | Report Abuse

Noticed the newly acquired subsidiaries. Specialised in industrial properties in JB .. singaporean like it as their government is not renewing expiring lease for certain industries.

Stock

2015-11-10 21:40 | Report Abuse

Plenty of cash no debts. Associate also performs .. higher share of profit.

Stock

2015-07-24 10:14 | Report Abuse

Public bank a solid shareholder behind MKH.