Selling force Coming

Cheers.....

One of the shareholder's name, who held 1,000,000 share of Keck Seng listed in Keck Seng Annual Report since 2014 till now, exactly same as the MD's Name of 4731


are they same person....?


MD of 4731 lead & grow the company from less than 1 Billion value company to 4.5 B company today

is Mr MD the one who own 1,000,000 of share in Keck Seng since 2014 (price range from approx. RM5 - RM7 per share)?

hope they are same person........

Play contra you will regret

And don’t buy if you don’t want to hold

Don’t sale for offer price below RM14

@prudentinvestor, yes valuation/fair value per share is approx RM20. I just try myself to identify and break the RM20 in details, so the RM20 per share is more convincing. Thank for your supporting comment on RM20per share.....yeh ... Cheers to all shareholders of Keck Seng. Huat ah

@SUPERDADDY SIFU: Thank you very much for above information

based on the information provided :

The Land located at Bandar Baru Kangkar Pulai held for Development of residential & commercial units including area planted with oil palm. The 99 years lease expires in 2102, land size of 555 acres carrying book value of RM 88,365,000 (last valuation date-18/4/1980) or RM3.655/sft can have market reference value at RM22.40/sft (30% discount from the lower market indication price of RM32/sft). as a result, this piece of land easy undervalue by RM 453,172,920 [(RM22.40 x 555 x 43560) - RM88,365,000]


the land at Tanjong Puteri Resorts held Development of residential & commercial units including area planted with oil palm, size 613 acre with book value RM21,273,000 or RM0.797/sft (last valuation date-18/4/1980) can apply RM31.50 / sft (30% discount from the lower of RM45-48/sft) can have market reference value at RM 841,121,820, or undervalue by RM 819,848,820


Tanjong Puteri Golf Resort, 54 holes golf course clubs and other recreational facilities, size 513 acre, freehold land, carrying book value at RM88,398,000 or RM3.956/sft. can have market reference value at RM703.907,820 (RM31.5 x 513 x 43560). undervalue by RM 615,509,820 (RM703.907,820 - RM88,398,000)

above three lot of land estimated undervalue by RM 1,888,531,560 (RM453,172,920 + RM819,848,820 + RM615,509,820)


Including below three properties which I posted early, total undervalue amounting to RM2,611.869,264 or RM7.226 per share

1.2485 hectares & 820 hectares Palm Oil Estate under value by 400 million

2.Menara Keck Seng under value by RM280,000,000

3.Taman Daya under value by RM 43,337,704


to be continue on 23 Storey building known as Regency Tower (76 units luxury apartments) with as annexed 3 storey car park (108 bays) and other facilities.


Remark : Dear all Sifu, please correct me if Im wrong, as i myself also can not believe the "AMOUNT"

Company have a piece of freehold land at Taman Daya for Development of residential & commercial units, size at 63.648 acre / 2,772,512 sft, 13 km north-east of Johor Bahru (near Kampong Baru Kangkar Tebrau book value), book value at RM 3,795,000 or RM 1.369/sft. which is 18th April 1980 valuation.

referring to "Financial Report 2018" of Scientex Bhd the company have 3 lot of freehold land held for mix development located at Pulai & Kulai size range from 121 acres to 335 acres valuation in 2017 & 2018 from RM20/sft - RM24/sft

if take the lower price at 15% discount which is RM17/sft for Taman Daya Land
the market value shall be RM17 x 2,772,512 = RM 47,132,704; then the land is under value by RM 43,337,704

Any Sifu here familiar with land value at Johor, can you provide me land's value indication at/near Pasir Gudang, Kangkar Pulai and Tanjong Puteri?

above is my personal calculation, just for reference only, may out of range of Market value at Taman Daya area. correct me if you have more accurate information

tqvm

康复中， 所以还不怎么能起来

"中风" still have chance to recover

no selling force at all...

Huat Ah SUPERDADDY

Ho Family continue buying because they well know the value of the company, slowly buy can buy at very very cheap price, if buying fast would push up the price

There is a reason for not revalue the land and properties, unless necessity arise because the revaluation cost is very high. And once start revalue company properties, the revaluation process must conduct on periodical basic as per standard/ authority requirement, so the recurring cost to company will be very high, as minority I will not suggest to do so as it may harm our interest as well. But what I emphasise is, as a minority we all have to know the fair value of the share on our hand to avoid and reject the unfavour privatisation offer

If all minority plus some of the 30 largest shareholder stand together, we shall be able to reject the unfavour privatisation offer.

So as minority holder, it is good to know the fair value of the company, when the privatisation offer in place, we know what value to accept

http://www.theedgemarkets.com/article/wisma-genting-sale

Wisma Genting up for sale at RM500 million or RM1,222 psf.The property sits on a 42,410-sq ft freehold parcel and has a built-up of 678,632 sq ft with a net lettable area of 409,084 sq ft. by Theedgemarkets on January 26, 2015

Menara Keck Seng (GPS: 3.14781, 101.715) is a 33-storey high-rise office block on Jalan Bukit Bintang in downtown Kuala Lumpur. Completed in 1997, it offers approximately 275,000 square feet of lettable space.

based on the valuation of RM1222/ lettable sq ft on January 2015 for Wisma Genting. Menara Keck Seng with book value at RM 56,019,000 may value at atleast RM336,050,000 (275,000 lettable sft x RM1222/sft) which means the building is atleast under value by RM280,000,000 or RM0.76 per shares (total share issued 361,477,147 including of tresury shares)

believe 2018 Q4 result would be good, price slowly reflecting .......

wow 1000lot transacted at 390....but who sell?

who is buying, day before today, 385 nobody want to buy, to 390, 395 also need to Q....??? funny funny

Those who realise they were coned at IPO, So sold all to cash out and look for better counter

then, if want to buy, don't Q, direct buy the 1st best selling price so they have no way to block

@MG9231, because They are foreigner, they were not gain any advantage from tax credit via dividend distribution. believe that was why they did not did that for other minority shareholders, and prefer keep cash for "OTHER BIGGER OPPORTUNITY" which they will benefit as well.

United Malacca Bhd proposed sales of plantation located at Alor Gajah, Jasin, Tampin, & Rembau at total 1021.06 hectares at consideration of RM 175,145,285 or RM 171,532.80 per hectare.

Keck Seng have one 2485 hectares (combined freehold & leasehold) located at Bukit Chantek, Tong Hing & Tanjong Langsat Estate (10 km east of Ulu Tiram and 30 km from Johor Bahru) recording at book value of RM 25,370,000.00 or RM 10,209.25 per hectare since 1980

and another lot of 820 hectares (freehold) located at 10 km east of Ulu Tiram and 31 km from Johor Bahru recording at book value of RM 14,567,000.00 or RM 17,764.63 per hectare since 1980

if we take 20% discount from United Malacca Bhd proposed consideration, just these 2 lot of plantation easily under value by 400 million

脱欧后的英国会更美丽，更有素质，阿猪阿狗阿猫不能随随便便进出。进出的人会有一定的要求。不要往坏的方向想。凡是要看两面， 有好也有坏，有失必有的。

There was no idiot to approve the IPO price, only genius or conman

I think price will stagnate at current range, as investor not likely to sell at fair value, and potential investor not willing to pay premium. so back to fundamental, if Management performance well price will go up, or else price will go down

IPO price was over value, that was why major shareholder happily selling until now, fair value of the company shall between 55mil-60mil, PE at approximately 10 time, if average Rm1.5 mil profit per quarte. so price below RM0.35 shall be an attractive entry level. Worst Performance in 2018, hope have better performance in 2019 for all shareholders

follow buy...

transaction price and volume shown that someone accumulating this "pariah stock" at current price level since last week......yyyy?

Cheap to buy now

1month result announcement and dividend declare, 1month ex dividend , 1 month dividend payment - this is quarter cycle
So you will not finding bore on this counter

too early to say this is good and cheap company....still need to observe

based on last 3 quarter result, now market price trade at approx. 10 time on business profit (assume 4th quarter have 1.5mil profit as well). shall hold.....

Q3 Profit 1.5m, declare RM0.01 dividend per share

Hopefully may have good Q3 result announce in later this month....

why got big lot Q for sale?

friend @satha44, this news from which dept and source?

continue buying now will do...

@hhtyms: yes RM20.00

tomorrow Sell Magnum buy Toto at 1:1

No selling force at all, it is too easy to support at current level.

Be patient, running the business is not easy now a day. Nothing build over night

So is BtR a very good strategy?

market crash, no one can escape, except "outsider"....., and also opportunity for those with free flow cash

is privatization good for minority shareholders?

while people panic selling, then is opportunity for those who have buying power

aiyo....don't put too much hope...after so many years, always just like a wave only, disappear very fast

Jack told us "Today very cruel, tomorrow more cruel, day after tomorrow will be beautiful" be patient...:)