Posted by Ricky Kiat > 2016-07-20 17:11 | Report Abuse

i bought it n hold it more than 3 year after recommend by cold eye.

Posted by Aero1 > 2016-07-20 17:41 | Report Abuse

MKH received the government grant RM11.7 million in Q1 December 2015 only. Don't think it receives again in Q2 March 2016. So the PBT margin in Q2 should be higher than 17% as mentioned.

Posted by SALAM > 2016-07-20 17:47 | Report Abuse

The Chairman had clearly stated that they had good irrigation system in place, as reported by the Edge dated 23 May 2016, to mitigate the adverse impact of El Nino. In Perlis which is traditionally the dry zone of Malaysia, Felda was able to achieve a 30% increase in FFB on a traditionally 30% lower yielding zone of Kedah, by experimenting with irrigation on an experimental basis. Not surprising if MKH can harness the natural advantage of streams and rivers passing thro on higher terrain without additional cost, in an environment of fertile volcanic soil

Posted by Icon8888 > 2016-07-20 17:51 | Report Abuse

Aero I must have mixed up the figures. Will amend tonight.

Posted by Icon8888 > 2016-07-20 17:54 | Report Abuse

Thanks Salam

Appreciate your input

Posted by SALAM > 2016-07-20 18:06 | Report Abuse

Not at all Icon sifu. Finally its the cost that matters. Irrigation without incurring high cost, why not ??

Posted by Aero1 > 2016-07-20 18:06 | Report Abuse

This was what announced in 2008 when MKH acquired the land.

"The Land covers an area of approximately 15,942.60 hectares. The Land is generally flat with very slight undulation and the soil and climate conditions are suited for oil palm cultivation. The Land has 2 small rivers passing through and is ideal as a source of water for the future oil processing mill. In addition, the main river known as Sungai Mahakam provides an ideal transportation mode to ship out the crude palm oil. Currently, the Land comprises mainly of ‘belukar’ and shrubs and progressive clearing of the Land for the planting of oil palm trees is in progress. Currently, approximately 80 hectares of oil palm nursery has been established.

PT Khaleda has also engaged a professional plantation managing firm to assist in the plantation development of the Land in addition to its own management team comprising of personnels with many years of experience in the oil palm plantation sector in Indonesia. The MKHB Group currently owns and manages several hundred acres of oil palm plantation in Peninsular Malaysia with its first venture in year 1995. In addition, the Executive Chairman of MKHB has more than 18 years of experience in managing oil palm plantation."

Posted by VenFx > 2016-07-20 20:29 | Report Abuse

Kimloong and Mkh is the only 2 plantation counters I love.

Posted by MG9231 > 2016-07-20 20:31 | Report Abuse

Chen has learned Cultivation of Oil Pam from KL Kepong. The existing land owned by MKH if I have not mistaken was introduced by KLK . That is why its yield is high.

Posted by VenFx > 2016-07-20 20:34 | Report Abuse

Plus their talents in the Bio-fertilizer team .

Posted by enid888 > 2016-07-20 23:15 | Report Abuse

Many of the MKH land bank are closed to the stations of MRT1 and MRT2. These include Jalan Tun Razak project, Saville Cheras, Jalan Bukit project and MKH City. Furthermore, Kajang 2 and its adjacent, Kajang South (new land bank)are in very good location and will be well received. During slow market like now, MKH also can launch their more affordable products like Bandar Teknologi,Saville @ Kajang n Saville @ D'Lake. Therefore, the company is still doing very well at this time.

The management of MKH are people with integrity. Their track record has shown that the shareholders are well rewarded for holding long term.

Posted by 007 > 2016-07-21 06:38 | Report Abuse

misleading title "MKH - Strong Earning Momentum" with many question marks at the conclusion remarks. Strong company but written by Icoon8888 became questionable. Became a con company

Posted by Icon8888 > 2016-07-21 08:50 | Report Abuse

My original title was "can strong earning be sustained ?". But after getting positive feedback from readers about MKH, I decided to be more straightforward and called it "strong earning momentum", which is a fact

No intention to con your roti canai. You can keep it

Btw, if a simple thing like this irritates you, I don't think you can go very far in your life

Posted by pingdan > 2016-07-21 09:09 | Report Abuse

good call!!

Posted by lching > 2016-07-21 09:10 | Report Abuse

icon effect again!!!

Posted by YiStock > 2016-07-21 09:22 | Report Abuse

Hi Icon8888, i have been tracking this stock for several quarters, but still unable to open any position due to below reason:

1) I noticed this company USD debt in indonesia give significant impact (positive & negative) to the earning. Latest 2 quarter result has 22 million forex gain (Q1) & 5 million forex gain (Q2), coincidentally when rupiah appreciated about 6% and 4 % respectively. For Q3 (April to Jun), Rupiah did not change much. So, we can more or rest rule out the forex gain/loss. By taking out the forex impact, the core net profit for 2 quarters total at approximately 45 mil per quarter or 10.7 sen per quarter. If annualised it, will be 40 sen per year. But, there may be other factors as below.

2) i noticed the operating margin for property fluctuate a lot..in the region of 15% to 35%. This could be a significant factor.

3) For Q2 plantation segment, the "unusually" high revenue & operating profit could be due to the "stocking" up of the FFB/ CPO or the like in Q1 as indicated by the management. They may have take advantage of Q2 high CPO price and sold them, which lead to high income.

4) the recent purchase of agriculture land has further "assumed" more USD denominated debt.

5) the tree age are indeed in the high production age, but i suppose the high earning from plantation may be "normalized"

Just sharing some of my tracking data

Posted by Icon8888 > 2016-07-21 09:25 | Report Abuse

Thank you YiStock for your info and opinion. I agree the latest property profit might not be sustainable. Lets just wait and see what will be their result in coming quarters.

Posted by 007 > 2016-07-21 09:30 | Report Abuse

Btw, if a simple thing like this irritates you, I don't think you can go very far in your life.

Icon8888, if simple thing you make mistake, you are not qualify to handle bigger thing, this is how i look at it. you simply cannot take comment and narrow minded

Posted by 007 > 2016-07-21 09:40 | Report Abuse

there is obvious reason to put misleading title to con ppl into believing MKH by Icon8888, next he will say he never ask you to buy or sell but doing extensive promotion. this is con or not???

Posted by skyz > 2016-07-21 10:30 | Report Abuse

007, he is just presenting his homework and undoubtedly these are facts indeed that the past 2 quarters posted really good results. from the charts, if the syndicates and operators behind has entered silently, it would be in the range of RM2 to RM2.50 back in 2015. there is still "meat" if you wish to chase after these "recommendation", just dun be too greedy as being the 1st to board the ship, the operators will be the first to jump ship also. ride along the tide and eject after a decent run, should be fine.

Posted by 007 > 2016-07-21 11:03 | Report Abuse

integrity of a person is from his words of mouth. con=con

Posted by enid888 > 2016-07-21 12:28 | Report Abuse

Is it correct to just value a property counter by basing on its PE ratio? I thk it is wrong, it shld be PE ratio together with its RNAV(Revised Net Asset Value).

For simplified example, we assume a company just has one shophpouse that is worth RM2mil. The shophouse is able to generate income of RM200k per year in 2014
Therfore
PE ratio = 10
Market capitalisation = RM2mil (Assume 1mil shares, share price=RM2.00)

In 2016, property market is bad. The income generated drops to RM100k. Market reacted n share price drops to RM1.00 because ppl focus to its profit n PE ratio.
PE ratio = 10
Market capitalisation = RM1mil.

Just think, has the the value of the shophouse drops to RM1mil due to the lower income. It has not, the value is still RM2mil.

The big IB analysts always merely based on PE ratio to make their calls and this is totally wrong. It has make the property counters severely undervalued. That is the reason a lot of privatisation happened in these few years. To name a few,

Hunza is privatised at RM2.90 when the actual woth is RM9.00
OSK Property is privatised at RM2.00 when the actual worth is RM6.50

The major shareholders knows the actual values of their companies n they are laughing all the way to the bank.

Posted by 007 > 2016-07-21 16:58 | Report Abuse

Very well said, if the property generated income to 100K from 200K, the value of property should drop accordingly to 1 miliion, not stay at 2 mils.
Let's take an old shophouse in bukit bintang previously purchase 30years ago with 100K and today the rental is 40K/month. what would be the shophouse value? I would buy at 2 mils. It's still ok, even it is very old house (the asset value equal to zero). The importance is the income generated from asset, not the value itself. Unless the owner sell the property for 2 mils. The property still worst nothing in the accounting book.

Posted by sg999 > 2016-08-15 13:30 | Report Abuse

meletup！！！！

Posted by johnhuat88 > 2016-11-26 19:50 | Report Abuse

eps 48.9

Posted by johnhuat88 > 2017-01-10 22:20 | Report Abuse

any update on mkh icon8888?