Posted by JrWarren > 2023-11-22 15:19 | Report Abuse

I am happy to take RM2 as well, but the fact suggested otherwise based on the following:

1) Despite RM400M+ cash in hand, KSL going to reinvest it (for land purchase / development) rather than privatization.
2) Privatization required huge fund from Khoo family and they cant afford the OPPORTUNITY COST.
3) What is the opportunity cost?
KSL has massive land bank in Johor, so they likely benefit from SG-JB RTS in property development
Malaysia Green Energy transition - AKA sell green electric to SG, more land required in Johor to build solar farm,
Few big conventional projects just completed and start generate cashflow, these monies can be used for reinvest again.

I bet everything will be status quo, no privatization (despite privatization is viable and best option), no dividend ( as mentioned above cash ALWAYS reinvested). I hope KSL proof me wrong by declaring dividend in FY2023.

Posted by Lee Ying Yee > 2023-11-23 21:52 | Report Abuse

no dividend and too selfish ?

Posted by GreatDreamer > 2023-11-23 22:50 | Report Abuse

KSL today announce to buy Bukit Raja Land RM228m.

In 2Q23 quarter report, it has cash RM423m. Its has capital commitment (CC) RM245m. This CC mainly for balance of land acquisition payment like Pulai land RM109m, Pontian land RM102m, Kota Tinggi land RM78m etc.

All this land acquisition will strain KSL cashflow. Doubt KSL will declare big dividend this year. At best, small dividend!

Posted by Sslee > 2023-11-23 23:07 | Report Abuse

S P Setia also announced it is selling a freehold plot in Setia City, Selangor, for RM228.8 million, cash.

It is selling the 17.99-acre plot to a subsidiary of KSL Holdings Bhd as part of its strategic plan to monetise some of its identified land banks, especially those not planned for immediate development. The sale is conditional upon KSL obtaining approval from the Economic Planning Unit for the transaction.

Posted by gladiator > 2023-11-24 08:39 | Report Abuse

Cash gone, zero dividend again.

Posted by Lee Ying Yee > 2023-11-27 08:56 | Report Abuse

fatten oneself n selfish family ?????

Posted by hng33 > 2023-11-27 09:36 | Report Abuse

Every quarter KSL reap strong positive cash flow from properties development and properties investment portfolio, replenishing cash hoard use for land acquisition without need to get bank borrowing. Internal fund is more than sufficient to buy earning accretive land

Posted by hng33 > 2023-11-27 09:40 | Report Abuse

Such strong EPS and net cash position deserve higher valuation at least PE 5x compared to current just PE 3x, upside potential is awaiting to unleash

Posted by Sslee > 2023-11-27 09:41 | Report Abuse

Know what will be the development cost needed to develop the land?

Posted by hng33 > 2023-11-27 09:49 | Report Abuse

location location location determine sellable properties project

Posted by UncleFollower > 2023-11-29 00:59 | Report Abuse

Thank you Uncle Koon for allowing us to sell at 1.20 and more? Or Uncle Koon long gone 😅

Posted by JrWarren > 2023-11-29 18:00 | Report Abuse

Cash is King, no cash no talk, we Malaysian love cash... Without dividend, the share is like BITCOIN, always expecting the next Lulu offering higher price for capital gain. At the end, the boss at behind counting $$, investor cries without tear.

Posted by Ste4dy15 > 2023-11-29 19:04 | Report Abuse

Cash in bank 519 milllions......please take out 100 millions for dividend

Posted by hng33 > 2023-11-29 21:03 | Report Abuse

Cash is piling high every quarter. Wait for final Q4 to announce first and final dividend.

Capital commitment for new land acquisition can easily fulfil by free strong cash generated every quarter.

Recurring income from its investment portfolio like mall, hotel, car park are steady increase, reap more than RM 100m net cash annually

Posted by Tesla123 > 2023-11-30 10:12 | Report Abuse

Property stock slowly move into correction territory

Posted by Udngu Ngu > 2023-11-30 14:52 | Report Abuse

With such sizeable assets,it will be worth

very much more if it can learn from UOA Development

Posted by lcng123 > 2023-11-30 21:58 | Report Abuse

@Fundamental Trader, the management preferred buy lands

Posted by lcng123 > 2023-11-30 22:30 | Report Abuse

Privatization will not happen at current state or even in the future. If the management really want to do it, they would rather do it when the share price at 50sen 3 years ago or 70sen 2 years ago, not at current price of RM1.20

Posted by UncleFollower > 2023-12-06 16:24 | Report Abuse

Kudos Uncle Koon new article. I've already been out tho, value trap share price action doesn't feel right as it tumbles post results. If it runs, chase then

Posted by JrWarren > 2023-12-07 18:25 | Report Abuse

Status quo, No privatization, No dividend, No buy back.
Khoos' will continue to pay them self fat cheque, while rolling all the cash and reinvest.
Khoos' dont give a damn.

Posted by StartOfTheBull > 2023-12-09 08:01 | Report Abuse

YTL to build an AI data centre in Kulai, Johor involving RM20 billion in investment.

Developers with Johor exposure:
Number of acres:
UEM Sunrise 5,103
Ecoworld 3,522.9 (403.78 pending completion.)
SP Setia 114.8
Sunway 1,602
E&O 62.8 (joint venture)
Mulpha International 904
KSL 236.2 (excluding 17.99 pending completion.)
KL Kepong 500 (joint venture)

Posted by yfchong > 2023-12-11 10:00 | Report Abuse

Below 1.03 is a good pitch yeah?

Posted by James_Bond > 2023-12-19 09:36 | Report Abuse

Comrades, it is time to scoop up this undervalue KSL! Cheers!

Posted by James_Bond > 2023-12-19 09:37 | Report Abuse

Johor theme is back and filthy hot!

Posted by James_Bond > 2023-12-19 09:42 | Report Abuse

I would say in year 2024, most of the investors would hv some positions in johor based developers such as iwcity, ekovest, uemsuria, ksl etc… cheers!

Posted by James_Bond > 2023-12-19 09:43 | Report Abuse

Not surprised to see ksl will reach 1.50 by year end 2023…

Posted by James_Bond > 2023-12-19 15:56 | Report Abuse

Comrades, time to attack 1.11!

Posted by James_Bond > 2023-12-19 16:20 | Report Abuse

MrFox are you crazy like a fox? Haha…

Posted by James_Bond > 2023-12-19 16:21 | Report Abuse

Casino Royale fund in KSL… you should know what do to next… it is open secret…

Posted by James_Bond > 2023-12-19 16:38 | Report Abuse

Based on candlesticks, KSL is above SMA20,30,50,200… fundamentally good with solid cash flow and profit margin more than 10%, PE less than 5, one of the main developers in Johor Bahru, central economic development in Malaysia with special economic zone…

What are you waiting for? Buying KSL now is like striking 4D soon…

Posted by James_Bond > 2023-12-28 09:17 | Report Abuse

Go go go KSL!

Posted by James_Bond > 2023-12-28 09:59 | Report Abuse

KSL 1.14, well done comrades. Haha… we r laughing to the bank! Happy New Year 2024!

Posted by James_Bond > 2024-01-02 19:21 | Report Abuse

Hello Mr Fox, I m always 99% right!

Posted by hhhiii123 > 2024-01-02 19:53 | Report Abuse

Up one day drop three day, hope tomorrow trend cont

Posted by hng33 > 2024-01-03 15:52 | Report Abuse

sold at 1.24

Posted by yfchong > 2024-01-03 19:55 | Report Abuse

Must be uncle power

Posted by yfchong > 2024-01-03 21:48 | Report Abuse

bosz relatives buying spree. ??

Posted by lcng123 > 2024-01-03 23:06 | Report Abuse

KSL still has potential to keep going up...

Posted by yfchong > 2024-01-04 07:02 | Report Abuse

I am not hoping much if can overcome 1.50 will be ho sieh.... yeah

Posted by James_Bond > 2024-01-04 10:38 | Report Abuse

Bingo! Congrats everyone! Haha! We r laughing to the bank again!

Posted by yfchong > 2024-01-05 22:36 | Report Abuse

today no more drive yeah

Posted by lcng123 > 2024-01-05 23:05 | Report Abuse

KSL new hotel and mall in Klang start operation last year, no reason to stop KSL to fly. Just wait and see

Posted by yfchong > 2024-01-07 17:59 | Report Abuse

Hope the HK fung shut master prediction is correct property that located in the south corridor can fly... let's see... already in this value trap for years. Pai sieh

Posted by yfchong > 2024-01-07 18:02 | Report Abuse

Let's see yeah

Posted by mlab68 > 2024-01-08 05:32 | Report Abuse

The Glory-days of KSL is Over, all Landbank used. Trying to replicate JB miracle with Klang is futile!

Posted by GreatDreamer > 2024-01-08 09:30 | Report Abuse

Generally, every year January
Share market has a small Bull Run due to investors portfolio reallocation. It normally can last a month.

Posted by monetary > 2024-01-08 11:17 | Report Abuse

Just when u gave up it comes. Kikiki....

Posted by monetary > 2024-01-08 12:23 | Report Abuse

PE 6 is reasonable

Posted by jay_cwk88 > 2024-01-08 12:38 | Report Abuse

PE 6 = RM 2 ?????

Posted by stkoay > 2024-01-08 12:40 | Report Abuse

This one hit above 4.90 in 2014.
I sold at 4.50 after it retraced from the high.
Current price is after going one for one bonus issue, so it's 2.68.....
....still got potential to go up.....IF operator wants to push :)