"1. Kseng has less than 9,000 acres oil palm lands
While Tsh Resources got over 150,000 acres"

Caivin the Tua Pao, a few days ago, you wrote the above comment. True, Keck Seng has nearly 9,000 acres of land of which about 1,800 acres are valuable residential, commercial and industrial lands which you deliberately omitted. The rest are oil palm plantations. Your claim that TSH has over 150,000 acres of plantation land was already an exaggeration. It has only 123,000 acres of such land. This morning you inflated TSH's land banks to 200,000 acres. When is TSH's land bank going to magically reach 1,000,000 acres?

Gongkia Tua Pao, don't provide us with outdated news. Read the article below, the DPM has already made a clarification but his suggestion would face strong opposition again.
https://theedgemalaysia.com/node/725231

Don't waste time here Gong Kia Tua Pao, go and dream about 6 and 7 star hotels being built in the Kalimantan jungles, go and dream about Nusantara overtaking Singapore one day, go and dream about TSH selling some of its land in Nusantara for RM4.2 million an acre.

BodohGongkia Tua Pao thought he knows Malaysian politics better. With only 26 seats in Parliament, his words carries no weight.

"3. Govt imposing 20% return for all leasehold plantation on lease renewal will impact Tsh the least as its majority palm oil (96%) is located in Indonesia (only 4% in Sabah)"

The DPM only raised the controversial proposal and this issue needs to be discussed in the Cabinet, views sought before its implementation. PM Anwar has so far said nothing about it yet but this fella posted the above comment as if it has already been implemented. It seems he knows better than our PM. What a clown he is.

More TSH news
https://klse.i3investor.com/web/pricetarget/research/72278

Posted by calvintaneng > 11 hours ago | Report Abuse

do not kacau Tsh or we also go post in kseng?

ok or not?
Posted by calvintaneng > 11 hours ago | Report Abuse

do not kacau Tsh or we also go post in kseng?
ok or not?

I will continue to post facts about TSH and you can continue your malicious slander against Keck Seng and your compatriots.

Posted by calvintaneng > 11 hours ago | Report Abuse

extra news on Julius Baer

https://www.finews.com/news/english-news/59162-alleged-launderer-assets-julius-baer-credit-suisse

Tua Gong Kia, whatever Julius Baer does has no bearing on Keck Seng as it is only a nominee for the Ho family. Why are you so eager to bash your own compatriots?

Posted by calvintaneng > 11 hours ago | Report Abuse

extra news on Julius Baer

https://www.finews.com/news/english-news/59162-alleged-launderer-assets-julius-baer-credit-suisse

Tua Gong Kia, whatever Julius Baer does has no bearing on Keck Seng as it is only a nominee for the Ho family. Why are you so eager to bash your own compatriots? Such a silly fellow.

Despite Tua Gong Kia's repeated attempts to sabotage his own compatriots, Keck Seng stays firm at above RM5.90 a share while TSH's share price remains depressed even with dozens of comments a day extolling this valueless stone.

Posted by calvintaneng > 10 hours ago | Report Abuse

see these facts


Julius Baer Bank is top holder of Keck Seng

see

https://www.marketscreener.com/quote/stock/KECK-SENG-MALAYSIA-20699151/company-shareholders/

The more Tua Gong Kia tries to sabotage Keck Seng, the more shame he would bring to himself. Julius Baer is only a nominee or proxy for the Ho family of Singapore. The owner of these Keck Seng shares are still the Ho family. Perhaps Tua Gong Kia doesn't know what a nominee or a proxy is. So foolish and naive.

Gong Kia Tua Pao has shot himself in the foot. Unable to defend himself now. 拿石头砸自己的脚。

"They say ," Heaven got eyes'"
That's right Gong Kia Tan, heaven got eyes. Seize assets from the rich and pass them to the poor. It has got Gong Kia's support.

Gong Kia Tan should know that Keck Seng is majority owned by Singaporeans. The Ho family already control over 60% of Keck Seng's share capital. He is so happy that the Johor state government seizes 20% of their lands.

It shocks me to learn that this Gong Kia Tan is so ignorant. Biggest joke today.

Gong Kia Tua Pao Tan didn't get the facts right first and started to spew out rubbish. Get the facts right or you going to disgrace yourself. The DPM's proposal, if and only if implemented (very, very unlikely) would only affect leasehold lands. Gong Kia is so excited now.

The DPM only voiced his opinion, whether it would be implemented or not is still anybody's guess. For sure it would encounter strong objections but plantation stock promoters are already getting excited.

https://www.malaysiakini.com/letters/713297
A lot of people have already voiced their objections against the DPM's proposal. Easier said than done. It could be turned into a political issue. Fare enough if the land has been left idle for many years but if it is planted with 10 year old oil palms?

Hope it doesn't move up too fast. I sold all my MRCB shares at an average of about 57 to 58 sen a share months ago.

@GreenTrade, 11 months ago, Both CIMB Bank and RHB Bank were trading at under RM5.50 a share. CIMB closed at RM8.20 two days ago.

Posted by calvintaneng > 21 hours ago | Report Abuse

These are some facts

Refer to Bursa Annual Report

1. Kseng has less than 9,000 acres oil palm lands
While Tsh Resources got over 150,000 acres

2. Spore Dbs Bank in Top 10 of Tsh but not in Top 10 of Kseng

Why Dbs Bank only invest so much in Tsh Resources and not Kseng???

Why?

Calvin the Tua Pao wrote that Kseng has less than 9,000 acres oil palm lands.
This is a deliberate misrepresentation of facts.
1 Keck Seng has nearly 600 acres (237 hec) of residential and commercial lands under
development at Bandar Baru Kangkar Pulai

2 Keck Seng is also the owner of the 500 acre (208 hec) Tanjung Puteri Golf Resort which
consists of a 54 hole golf course, clubs and other recreational facilities.

3 Keck Seng also owns the Tanjung Puteri Resort which is an 800 acre (359 hec) residential, commercial and industrial land under development.

The rest of Keck Seng's nearly 9,000 acre land is under oil palm cultivation. Keck Seng's lands are all located in Johor Bahru, a city with a population of 1.8 million. In comparison, Nusantara is expected to have a population of 1.9 million in 2045. Keck Seng's land is worth at least RM4.5 to RM5 billion but TSH's land is worth at most RM10k per acre or just RM1.5 billion in total. One is a useless stone, the other is a piece of diamond.

Calvin the Tua Pao, just over a week ago you wrote : given time Ikn Nusantara will overtake Shenzhen. Sometimes some naive people would say things that have no possibility of happening. Tua Pao, why don't you say that given time Singapore will win 10 Olympic gold medals?

Calvin the Tua Pao believes that 6 and 7 star hotels would soon be built in Nusantara. He is either boloh or still immature in his thinking to be so easily taken in by some publicity stunts by people who are keen to carry Jokowi's balls. If someone tells me that Singapore would soon start to build 6 and 7 star hotels, I believe this is plausible and viable but to believe that such hotels would soon be built in Nusantara is just crazy.

Bodohlah how can land in the jungle be worth RM4.2 million per acre? Kangkar Pulai is at least 6 km from Ulu Choh but only 2 km from UTM and Taman Universiti.

"kn Nusantara will have 7 Star Hotel
only less than 1/2 dozen 7 Star hotel in the world only in Dubai, Italy and few other places got 7 Star Hotel
see Ikn Got 6 and 7 Star hotel coming"
Nusantara is expected to have a population of 1.9 million by 2045. Understand the meaning of the word "expected". Johor Bahru already has a population of 1.8 million today. Maybe can build 8 star hotels in the forest to house monkeys and baboons.

"at first he was ignorant
now indolent and then incorrigible"
Who is more ignorant and incorrigible than the person who claimed that land in Nusantara is worth RM4.2 million per acre?

https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2024-06-28-story-h-158006343-Land_Sales_Lift_Crescendo_8217_s_Net_Profit_to_Record_High_of_RM289_Mil
Gong Kia Tan, please read the above article. Did you mean the Singapore based data center firm which bought land from Crescendo didn't realize there are thousands of illegal immigrants there?

This Gong Kia Tan from Holland Road is now in deep trouble. He is stuck in toa payoh, not Toa Payoh housing estate but a big and soggy swamp. Soon he would be fully submerged.

"Every Fund manager knows Us Real Estate in trouble"
There is trouble everywhere except in the Kalimantan forest, which is booming. Si Gong Kia

https://klse.i3investor.com/web/companyinfo/detail/auditCommittee?id=AC_22625_826079087
https://klse.i3investor.com/web/companyinfo/detail/boardMember?id=B_41168_829100042
Is a crisis brewing within TSH?

"Why 9000 acres small can amount to how much if revalued?"
Keck Seng's land at Kangkar Pulai area (about 650 acres) is worth RM2 million per acre. Its remaining land in Pasir Gudang area is worth at least RM450,000 per acre. Total land worth about RM4.5 billion. Its paid up capital is only RM360 million. TSH's land in the Kalimantan forest is worth at most RM10,000 per acre.

Posted by calvintaneng > 21 minutes ago | Report Abuse

Tsh is a Cyclical

As Cpo prices go up Earnings increased to turn balance sheet from net debt of Rm1.46 Billions to cash and cash equivalent of Rm285 millions

Tan Tua Pao, its net cash becomes zero after deducting its debts. Keck Seng has a net cash of over RM1.1 billion and share investments worth over RM400 million

Keck Seng's explanatory notes for the interim financial report for quarter ended 30/6

B8. Prospects for 2024 (cont’d)
Hotels
The New York market continues to exhibit steady demand, with mid-scale hotel occupancy and room demand in New York City (“NYC”) rising. Springhill Suites Midtown Manhattan is set to build on this momentum with higher Occupancy and Average Daily Rate, leading to potentially higher Room and Total Revenues compared to 2023. We are strategically leveraging premium and suite rooms while targeting emerging segments in the growing Entertainment and Biotech industries in NYC. The management will bolster revenue management efforts by investing in e-commerce and digital marketing, developing packages and special corporate rates for weekends, and continuing
to grow and reclaim group and catering revenues.

Doubletree by Hilton Alana Waikiki Beach (“DAH”) has in the first half of 2024, surpassed both the previous year's performance and initial projections in Occupancy, Total Revenue, Revenue Per Available Room, Gross Operating Profit, and EBITDA. Average Daily Rate (ADR) finished the first half on par with initial estimates but outperformed the previous year. The remainder of 2024 is anticipated to be positive. DAH will continue to drive a strong ADR by focusing on higher-rated corporate and government sectors with projects and extended stays within the construction, energy, and IT sectors. Efforts to increase weekend occupancy and a strong focus on Group, Corporate, and Military Requests for Proposals in 2024 will attempt to replace some of the continued soft demand from the Japanese market. DAH will continue soliciting contracts with
airlines to house crews as well as distressed passengers for short-term quick occupancy fillers.

The Delta Hotels by Marriott- Toronto Airport located in Canada had in the first half of the year similarly exceeded both the previous year’s performance and initial projections. We anticipate continued positive performance for the full year, with room and F&B revenues exceeding prior year actuals. The growth is mainly driven by group business, which includes room nights and meeting events, and is essential to the hotel’s overall success as it brings in additional revenue streams. Parking revenue has also shown significant increases over the first six months of 2024. New equipment and technology installed for the parking system have generated higher-than-anticipated parking revenue.

Ignorant Calvin the Tua Pao claimed that Kseng's commercial properties in North American now in a market crash. Deliberately lying.

Calvin the Tua Pao, Keck Seng was RM1.60 more than 20 years ago. At around RM6 a share, it is trading at less than a third of its intrinsic value. Just spend some time to pore over Keck Seng's annual report, this company really has a rock solid balance sheet. It has net cash of RM1.1 billion, investments in shares worth over RM400 million, hotels at Waikiki beach Hawaii, New York and Toronto, unlike TSH which has lands in the Kalimantan jungles. Keck Seng's overseas properties carry a book value of RM400 million but have not been revalued for an average of 20 years. They should be worth around RM1.5 billion today. In addition it owns Menara Keck Seng and Regency Tower in KL at least worth RM300 million in total. It has over 600 acres of development land in Pulai area Johor Bahru where adjacent lands have changed hands recently from RM2 to RM5 million. It also possesses over 8,000 acres of plantation and housing land in Pasir Gudang area. The vast majority of Keck Seng's properties have not been revalued for 40 years. Its audited NTA is RM7.77, actual NTA should be several times higher. What potential TSH got? If it really has high potential, TA, RHB-OSK and BIMB won't value it at only around RM1.10 a share. So stop your non stop BS.

Posted by calvintaneng > 35 minutes ago | Report Abuse

Listen
Kseng only holding a very small palm oil acreage at the fringe of Iskandar and their properties in kangar pulai and kota masai face fierce competition from Scientex and Mahsing/Ecoworld

Other hotel properties will also face Trump worldwide tariff

So better buy pure palm oil companies in East Malaysia

Since Kseng doing real estate it will be impacted by 52% diesel price rise

This clown pretends that he knows a lot. Keck Seng bought its lands over 40 years ago at extremely low prices. Other developers bought their lands maybe only 10 years ago. how can Scientex, Mahsing/Ecoworld compete with Keck Seng on pricing?
Keck Seng's hotels in New York, Hawaii and Toronto are performing extremely well. Just wonder how Trump's tariffs (and he isn't elected yet) would affect Keck Seng's hospitality performance.
Tua Pao , TSH only managed an EPS of less than 3 sen a share in the first half, Keck Seng has already earned 27 sen a share in the first half. Don't compare a useless stone with diamond.

"We just posted facts in Kseng and also deleted it"
Calvin the Tua Pao, why do you need to delete your wicked post against Keck Seng if what you had posted were indeed facts? Scared of being sued right?
"yet he comes here to cry father cry mother"
Calvin the Tua Pao has cried father cried mother for over 56,000 (fifty six thousand) times over the past 11 years.

"This fella said Tsh qtr production Cpo 51,000 tonnes (deliberately omit 205,000 tonnes of Ffb collected)"
All this while I thought Calvin the Tua Pao is an expert in oil palm cultivation but unfortunately he is only a charlatan passing off as an expert. Boloh punya orang, can you tell me how TSH produced its 51,000 tons of palm oil and 11,000 tons of palm kernel? Think before you write.

Calvinthetuapao has been telling lies in most of his 56,000 comments over the past 11 years. His worst lie was to accuse Julius Baer (Spore) Kseng's top holder (held under nominee for the Ho family) of being involved in wrongful acts in Singapore. The fact is, it was Julius Baer's staff by the name of Liu Kai who was implicated. His main aim was to cause panic selling in Keck Seng shares. I now repost his wicked comment verbatim for everyone to read.

Posted by calvintaneng > Aug 23, 2024 10:04 AM | Report Abuse
Please take note and be warned

Julius Baer (Spore) Kseng Top holder has been involved in wrongful acts in Singapore

if there is any force liquidation Kseng will be impacted as Top holders might be forced sold

so better sell Kseng or later Gek Sim (Heart sick with pain in hokkien)

https://igamingbusiness.com/uncategorized/singapores-aml-charges/#:~:t....

"Why want to tell lies everyday?"
Hahaha, what a joke. A pathological and consummate liar accusing someone who obviously has been telling truth of being lying. A clown will always behave like a clown.

"Fcpo now Rm3,978
Good for Tsh as its cost only Rm2000 MT"
Big Tua Pao Tan, you have been repeating this over 100 times so far this year. TSH produced 51,800 tons of CPO in the latest quarter and assuming its net profit was RM1,600 per ton, net profit from CPO alone would amount to RM83 million for the April to June quarter. It also produced 11,100 tons of palm kernel, 5262 cubic meter of timber and 106,700 kg of rubber. Its net profit should be way above RM100 million. Why did it turn in a net profit of only RM25 million?

"Just wait EPF to buy back this counter.."
Rwan88, I don't know how many shares EPF has but it is not among the top 30 largest shareholders. Amanah Saham Bumiputra and PNB control over 40% of its shareholdings. Quite safe to invest at this level.

First half year dividend already 27 sen a share. Assuming CIMB Bank also pays 27 sen a share again in the second second half (it may pay more than 27 sen a share), total dividend payment would be very close to Maybank's annual dividend. Another Maybank in the making?

Best performing bank over the past one year. Beats the second best performing bank by a wide margin.

Maybank rebounds fast. It dipped below RM10.60 at one stage. Should close above RM10.70 today.

Big boys are resting today, preparing for Merdeka Day celebrations tomorrow so you don't see better performance with improved quarterly results. No reason for its price to stay at this level for a prolonged period. Most IBs have buy calls on this counter.

Not much room for further falls. Should be quite a safe bet at this level.

Results likely not good, otherwise should have been released earlier and not wait until the last minute. Would enter again once it drops below 50 sen a share.

Pathological liar and compulsive braggart Tan the Tua Pao can't tolerate others stating some facts once in a while while he has the liberty to lie and brag the whole day.

Tua Pao Tan, showing off how clever you are is your forte, you do it several times a day, like bragging to making 6 digit profit, claiming to have bought this and that counter at very low prices, advising others to buy Notion at RM2
and JCY at 90 sen.

Ringgit's rapid rise over the last two months is bad news for Keck Seng. I doubt if the management has pared down its foreign currency holdings before Ringgit started to gain ground.