Posted by arv18 > 2013-05-09 18:44 | Report Abuse

high beta - wider price variation or more volatile stocks. high beta, essentially means higher volatility. therefore if the index goes up, these stocks tend to go up more, if the index goes down, they tend to go down more (some exceptions). in other words, when a major risk event (elections) blows over, then you will see a rotation out of defensive into more risky/spec stocks. however many of the stocks i mentioned earlier are fundamentally very good stocks, in addition to their stock price doing well.

Posted by arv18 > 2013-05-09 18:51 | Report Abuse

i forgot to mention my personal favorite. 4448 - tasek! its not cheap, but i love it so.

Posted by pathew > 2013-05-09 21:22 | Report Abuse

Thanks bro arv18!
Any to recommend that has not moved much yet?

Posted by arv18 > 2013-05-10 01:35 | Report Abuse

don't be afraid of buying stocks that are moving up, especially good counters. you want to buy stocks that are moving up fast! trust me. jesse livermore (google him) said - buy higher highs. remember, at a minimum, the stock you buy must be keeping up with or exceeding the performance of the index. if not, you're wasting your time. use the index as your measuring stick. if the stock isn't moving up, but the index is, then dump it. after a period of time of course.

there is a big GAP in the index that needs to close (you can't miss it). i have a feeling that something is going to drive the index down a wee bit before it continues on its upward trajectory. just KIV (wait for two a three down days before buying) these counters for that moment, then buy. Some of these are old friends you probably already know: 1295, 4448, 5089, 5168, 7237, 0058, 6432, 4731. Feel free to add yours. i would love suggestions too.

Posted by pathew > 2013-05-10 08:24 | Report Abuse

Well, on my radar are O&G counters like Alam, SKPetro, THHeavy
and properties like E&O, Tebrau... just to name a few

comments on them? Ok or not?

Posted by prudentinvestor > 2013-05-10 12:05 | Report Abuse

Keck Seng is a counter which should be kept as long term investment. It has net cash of RM750 million and share investment amounting to RM480 million. Whether the share market goes up or down doesn’t really matter, both present opportunities to the Company. The only setback is its directors are extremely conservative. Keck Seng has substantial land bank located at the Permas state constituency, over 9000 acres which forms the south eastern part of the Iskandar Development Region. The region’s new state assemblyman is Datuk Khaled Nordin who has been appointed Johor’s Menteri Besar. Expect the rapid development which takes place in the western part of the IDR to slowly spread to the eastern part. Moreover, Singapore’s Changi Airport is less than 10 km away.

Posted by arv18 > 2013-05-10 14:37 | Report Abuse

pathew, to be honest i cannot comment about o&g and property. i think those counters are decent, considering o&g has pioneer status and iskander theme will drive prop counters for awhile.

i suggest you take a look at 2976 - Wing Tai. Currently about 2.05 - 2.10. They own 45% of Uniqlo Malaysia. Their profit is also growing because of this. Hwangdbs s-o-p valuation at 4.20 ish.

Technicals - it has broken above its long-term resistance (1.80 - 5 year monthly chart). Price well supported by company buy-backs @ 1.93 - most recently. I have a good feeling we could be seeing 3.00 by the end of the year for this counter.

Posted by pathew > 2013-05-10 15:06 | Report Abuse

arv18, thanks, looks good actually :) might be a good time to accumulate on dips!

Posted by pathew > 2013-05-10 15:07 | Report Abuse

as for kseng, year end they have to declare dividend right? or pay income tax, so I believe we should see a nice fat bonus :D

Posted by prudentinvestor > 2013-05-10 20:01 | Report Abuse

Before 2008, the Govt. considered that the earnings of a Company were also your earnings. Say you received a gross dividend of RM4,000/- in 2007 and the corporate tax rate was 25%, the net dividend received by you would be RM3,000/-, with the other RM1,000/- being paid by the Company to the income tax department on your behalf which you could claim back later partly or fully or none at all depending on the maximum tax rate you had to pay. Some stingy Companies like Keck Seng paid much less to share-holders than they earned. As a result, they accumulated huge retained earnings over the years which they were given until end of this year to pay out to share-holders as franked dividends (in which you can claim back the tax paid as before). The Govt. has a lot to gain if Keck Seng does not opt to take the opportunity to reward its share-holders with a bumper dividend. You never know what this group of conservative people in charge will do. Let’s hope for the best.

Posted by Jumbo2 > 2013-05-12 20:41 | Report Abuse

Jumbo see Kseng massive,.....

Posted by sephiroth > 2013-05-12 21:20 | Report Abuse

The rise of share price from a low of 3.80 to 5.10 is consider 'dividend'

Posted by arv18 > 2013-05-13 02:26 | Report Abuse

i fail to understand why people are so attached to Kseng? Everybody know that this share has potential. Reminds me of my parents saying I had potential. But I sucked at school. And this share sucks too. The management sucks as well. If they had half-brains this share would easily be worth 20-30 ringgit. But these guys are the most stingy buggers. And stinginess NEVER causes the share price to go up. Reminds me of YTL.

sephiroth, with all due respect, you could have bought Tasek, UMW, Aeon, Aeon Credit, Old Town, Power Root, Ax Reit, Scientix, Daibochi, Harta even AirAsia in the last 6 months and made MORE money!

Posted by arv18 > 2013-05-13 02:35 | Report Abuse

Add to that list - Apollo, KLCCP, CBIP, Tune Insurance, Johore Tin, Hup Seng, Job Street, Carlsberg, GAB even POS Malaysia (unbelievable). Imagine POS going from 3.50 to 4.50. How about that?

Posted by Ben Gan > 2013-05-13 07:42 | Report Abuse

KSeng is cash-rich and asset-rich. Unfortunately, the controlling shareholders are incompetent in money management. Not only are they incompetent, they are the most stingy of all as well.
Someday I hope all the minority shareholders will unite and pressurize the management to pay out more to the shareholders.
The company has more than RM700 million in its coffers. If it does not know how to generate cash for this big pile of cash, it should return at least some of them to the shareholders.
Come on KSeng, do not be so stingy and inconsiderate is my call.

Posted by prudentinvestor > 2013-05-31 21:39 | Report Abuse

The Ho family controls just over 60% of Keck Seng. They are extremely conservative but at least they don't cheat you. Keck Seng's cash reserve has now shot past RM 800 million and its investments in shares are worth over RM 500 million.Compare Keck Seng with other Johor based companies like London Biscuits (financial results to 31/3/13 still not announced)and Harlen. If you have investment in these two companies, you will have sleepless nights.

Posted by arv18 > 2013-05-31 22:09 | Report Abuse

conservative. i don't think so. ultra stingy and selfish. if you don't want to share the spoils, then don't bother listing your company. otherwise where are the returns for shareholders? do you think they have created value for shareholders over the past 20 years? this company pays less dividends the Riverview Rubber! come on! what up? so selfish and stingy ah? must compete with YTL is it?

Posted by prudentinvestor > 2013-05-31 22:18 | Report Abuse

It is so easy for company directors to cheat. Accounts could be manipulated and hundreds of millions could be siphoned out for personal purposes. Have you all heard of Cold Storage Malaysia and Megan Media? The companies lost a few hundred million each due to dishonest company directors. Our laws are so lax. I don't think any one has been charged till today.

Posted by arv18 > 2013-05-31 22:59 | Report Abuse

okay. granted. but what has that got to do with keck seng. are you suggesting that they are committing fraud?

Posted by prudentinvestor > 2013-06-01 11:23 | Report Abuse

The message I am trying to convey is, Keck Seng has been in the hands of honest people since its listing, otherwise the company would not be able to amass such a vast amount of cash pile.With so much cash around, the temptation to commit fraud is always there, I mean for other companies. I had already mentioned in my earlier post that Keck Seng directors did not cheat share holders.Moreover, Keck Seng is not the only stingy company around. Of course I would like Keck Seng's directors to be as aggressive as Mah Sing's Leong or SP Setia's Liew.

Posted by eht6769 > 2013-06-04 09:30 | Report Abuse

3476 KSENG KECK SENG (M) BHD
GENERAL MEETINGS: NOTICE OF MEETING

Type of Meeting : Annual General MeetingIndicator : Notice of MeetingDescription : The 43rd Annual General MeetingDate of Meeting : 27/06/2013Time : 11:00 PMVenue : Conference Room of Tanjong Puteri Golf Resort Berhad, Pasir Gudang,Johor Darul TakzimDate of General Meeting Record of Depositors : 19/06/2013You are advised to read the full contents of the announcement or attachment athttp://www.bursamalaysia.com.


Anyone who can attend the meeting will ask for query the director

Posted by eht6769 > 2013-06-04 10:41 | Report Abuse

Is the best time to query management when can release out Parkway share disposed earning & TAx 108 credit refund from Gov. Otherwise will burn out.

Posted by prudentinvestor > 2013-06-11 16:01 | Report Abuse

Keck Seng has again sought shareholders’ mandate to buy back up to 10% of the company’s shares. Keck Seng is trading at a prospective PE of around 20, meaning if Keck Seng buys back its own shares, the net return would be 5%. Keck Seng’s cash reserves of over RM720 million only earned the group RM8.5 million of interest last year. Do you know how to calculate the annual rate of return? The most logical thing Keck Seng’s directors should do is to immediately embark on the share buy back until the 10% limit is reached.

Posted by eht6769 > 2013-06-11 23:45 | Report Abuse

yyyy

Posted by Avocado_C > 2013-06-20 13:48 | Report Abuse

I hold this counter for quite long, even before the bonus issue (early 2011) as I thought it has yet to unlock the value of the its vast land bank & building. It didn't move to my target price till just before the GE13 and I just sold off the shares (better look for other companies).

Posted by eht6769 > 2013-06-27 11:13 | Report Abuse

today meeting ..hope has special dividend declaration

Posted by sephiroth > 2013-06-27 15:18 | Report Abuse

luckily i cabut at 5.30 bought 4.11

Posted by Lim AS > 2013-06-27 15:20 | Report Abuse

as what the proceedings in 43rd AGM in Tg Puteri Golf Resort , the outcome has no surprise . The usual conservative answer that the co is looking for opportunities n no planning to embark on value added projects except declaring a condo project in Tmn Daya being planned in 1-2 yrs time , no special payment for tax credit 108 amounting to 340 million will be expired at the end of the year ? many minority shareholders expressed dissatisfaction on the tax credit issue and demanded the co auditor n management of KS to give an account for that. Though tax credit disn't mean much to majority shareholders but means a lot to minority shareholders as the payment will value add the co shares which most will welcome but the co only taking interest of majority shareholdes? Co declared a meagre 6 cts /share compared with directors fees coming to a tune of more than 6 over millions n keep on increasing year by year ? The same old management takes office n no chance in unlocking its values and assets except for another 5-10 years . So keep on waiting if u r very patient. No valuation of assets coz may have to pay extra land premium n taxation , this was what they had said . i think by the look of it , this co will not give u any surprise or special dividend in the future?.

Posted by plutus > 2013-06-27 16:55 | Report Abuse

@Lim AS, thanks for the info.. what a sad sad case.. minority interest got shelves away..

Posted by MG9231 > 2013-06-27 19:10 | Report Abuse

I think otherwise, at today's meeting ,the board of directors said take note on the dividends that requested by minority shareholders.
May be the annoucement will be due any time soon.
Ragarding the plantation land, I think the vulue will emerge any time soon,looking at the accessibility of the plnatation land at stone throwing distance from kong-kong toll and tanjong langsat toll. Of course,for chinese company, our government will make extra-demand for conversion reqiurement but I have came across that jcorporation is eyeing on the Ks plantation land,so there is a possibility that jcorp may cooperate with ks to develop the land. or may be jcorp may outright purchase the land from KS.

Posted by prudentinvestor > 2013-06-28 16:03 | Report Abuse

For those of you who bothered to read the latest circular to shareholders, you would find that as at 6 May 2013, there were about 140 million Keck Seng shares not held by its directors, major shareholders and associates of directors/shareholders, so-called public shareholding spread. With cash reserve of over RM800 million, Keck Seng is able to buy up all these shares from the open market at RM 5.70 per piece. Think about this.

Posted by prudentinvestor > 2013-06-28 22:42 | Report Abuse

Keck Seng can buy up these shares in 4 years. I only wanted to stress that Keck Seng has lots of cash.

Posted by eht6769 > 2013-06-30 21:50 | Report Abuse

yyyyy ........not special dividend annouce in AGM meeting

Posted by eht6769 > 2013-07-02 16:29 | Report Abuse

yes...more of shareholders should entitle it since year 2010

Posted by prudentinvestor > 2013-07-04 23:46 | Report Abuse

Did you know that Keck Seng had issued a certain number of call warrants recently? Holders of Keck Seng call warrants can convert 8 call warrants into 1 Keck Seng share at a conversion price of RM 5.68 per share.The expiry date for the call warrants is 15/1/14.

Posted by prudentinvestor > 2013-07-07 14:37 | Report Abuse

The Directors could not have arbitrarily set the conversion price at RM 5.68. There must be some basis.

Posted by chong ls > 2013-07-07 14:55 | Report Abuse

hi, prudentinvestor

For your information, this is a cash-settled call warrant issued by AMBank(M). It cannot be converted into Keck Seng share. It has nothing to do with the Keck Seng directors. Details can be obtain from:
http://www.bursamalaysia.com/market/listed-companies/structured-warrants/1173321
TQ.

Posted by prudentinvestor > 2013-07-07 19:34 | Report Abuse

Thank you for your enlightenment Mr Chong. If you can't convert the call warrants into Keck Seng shares, what did people buy the call warrants for? No wonder Keck Seng made no mention of the call warrants in its annual report.

Posted by chong ls > 2013-07-07 21:33 | Report Abuse

Hi, prudentinvestor

It is cash settlement at expiry date without physical script involved.

It is in-money (AMBank pays you money) when:
share price > (conversion price + cw price * conversion ratio)

To be more exact:

Cash Settlement Amount:
= Number of cw shares x (Closing Price* – Exercise Price) x (1/Exercise Ratio) – Exercise Expenses

* Normally the Closing Price is the average of the five (5) day volume-weighted average price (VWAP) of the Mother Share on each of the five (5) market days immediately before the Expiry Date*

If cash settlement amount is zero or negative, your investment in the cw is BURNT.

Posted by eht6769 > 2013-07-11 11:34 | Report Abuse

hope so...unloacked the lanbank soon

Posted by Lim AS > 2013-07-15 17:18 | Report Abuse

no way

Posted by eht6769 > 2013-07-16 14:52 | Report Abuse

y Lim AS

Posted by eht6769 > 2013-07-17 11:16 | Report Abuse

dividend soon

Posted by jacksonchoo > 2013-07-17 11:20 | Report Abuse

eht6769 - Final dividend just paid out another round so fast ??
EX-date 10/07/2013
Entitlement date 12/07/2013

Posted by eht6769 > 2013-07-17 13:01 | Report Abuse

special $$$

Posted by nightrader > 2013-07-17 13:17 | Report Abuse

when give dividend for tax credit? supposed to b this year or expired but now july still no news?

Posted by prudentinvestor > 2013-07-17 21:27 | Report Abuse

Last year, Keck Seng announced the interim dividend on the 27/8, the same day as they announced the 1st quarter financial results. Be patient, only less than 6 more weeks to wait and hopefully the directors will announce an interim dividend plus a special dividend. Even if a special dividend is not announced, I believe there might be another speculative play on Keck Seng shares within the next few weeks. Keck Seng still has over RM 300 million which the company can make use of to pay franked dividends. If the anticipated special dividend payment does not materialize, the Department of Inland Revenue Malaysia would stand to make a huge gain. Not a word of thanks from them definitely.

Posted by nightrader > 2013-07-18 13:12 | Report Abuse

Rm300+ million and....share issued is 361+ million
so expect more special dividend coming
but when??

Posted by eht6769 > 2013-07-18 17:20 | Report Abuse

soon ,, will support

Posted by eht6769 > 2013-07-18 17:46 | Report Abuse

RM300m........will cause for price rise 6.5+++