low ROI but Big in Assets. need to make their money work. good for low return safe investors. bad for investors who wants high growth. congratz to those who bought cheap but pls chose to sell at desired price
Keck Seng has not paid any dividend to shareholders for over 2 years. During this pandemic hit period, it has failed to pay 2 interim and 2 final dividends. Just be happy with the usual 4 sen interim and 6 sen final dividends and don't dream for anything extra from the existing directors.
Genting Bhd and Genting Malaysia have been losing hundreds of millions over the past two years yet they dutifully pay dividends, unlike Keck Seng. I doubt Keck Seng directors will declare a final dividend of over 6 sen a share though shareholders haven't received any dividend for over two years.
Price RM3.60 NTA RM6.29 Cash/Cash equivalent at end of period = RM634m = RM1.75 per share Share Investment profit for 2021 = RM179m .... "fair value gain recorded in 4Q 2021 for an unquoted foreign investment held" Anyone have any idea what this unquoted foreign investment is?
The company calls it interim dividend instead of final dividend which is normally paid in July. I doubt the directors will declare another dividend payable in July.
Keck Seng has benefited a lot from the sharp fall of the Ringgit against the US and Singapore Dollars. The most appropriate thing to do now is to reduce its holdings of US and Sing Dollars and embark on a buying spree of its own shares.
Its foreign currency holdings include at least 100 million US Dollars (worth over RM 430 million today) and over 70 million Sing Dollars (worth over RM220 million today)
Net cash rm800mil, total shares 361mil. At rm3.93, cash is 56% of the share price! Very easy for major shareholders to take private, considering NTA 6.25
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Superdaddy
160 posts
Posted by Superdaddy > 2021-10-18 16:16 | Report Abuse
KECK SENG , GO!GO!GO! CHEERS!!!