K. SENG SENG CORPORATION BHD

KLSE (MYR): KSSC (5192)

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Last Price

0.82

Today's Change

-0.05 (5.75%)

Day's Change

0.82 - 0.83

Trading Volume

20,000


3 people like this.

1,214 comment(s). Last comment by Lee Ying Yee 2023-12-28 18:45

Posted by commonsense > 2019-03-04 10:02 | Report Abuse

Those that are buying into this company need to be bit careful. In terms of fundamentals, the company has a really weak profit earnings outlook. Total FY18 profit was less than RM1mil with the latest quarter recording a loss of RM200k. At the current share price, the company is trading at a very high PE of almost 60x.

Investors need to take note, that the recent spike in price that started on the 22nd Feb is not the first time that it happens for this company. Last year the share price went up substantially from 44 sens on 5th Mar 2018 to an intraday high of 74 sens on 7th Mar 18 (it however closed at 59 sens that day). However, the share price traded back into the 40 sens range in less than a month given that there was no actual fundamental change that could back the sudden increase in the share price.

If you are looking to diversify your portfolio outside of KSSC (due to its weak earnings outlook and the speculative nature of its share price), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.4x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

Given the very good result in 4Q18, MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at a very low PE of only 5.3x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.

winlast

498 posts

Posted by winlast > 2019-03-04 12:36 | Report Abuse

Msec target price .63cents before Wednesday grab the opportunity

targetinvest

2,674 posts

Posted by targetinvest > 2019-03-04 14:22 | Report Abuse

chairman already lao ah pek 75 years old...
and the executive board, where is his children? Children also tak mau take over the business ah....

targetinvest

2,674 posts

Posted by targetinvest > 2019-03-04 14:23 | Report Abuse

profit down share price up with volume.. chairman and owner lao ah pek, no succession..

Like this see, not much option but to sell out only

Posted by 507596689729039 > 2019-03-04 16:58 | Report Abuse

Chairman KOH Seng Kar : 75 ; Koh Seng Lee Deputy Managing director: 56 Ket Tsen Ket Shung Executive Director: 48

Posted by 507596689729039 > 2019-03-04 17:06 | Report Abuse

Arrived in : Port Sekinchan. Next port: Kuala Selangor. Great show again tomorrow ?

lawrgan

715 posts

Posted by lawrgan > 2019-03-04 20:47 | Report Abuse

Will test the 0.59 and 0.63 soon

lawrgan

715 posts

Posted by lawrgan > 2019-03-04 20:47 | Report Abuse

Taking over plan

BonZema72

219 posts

Posted by BonZema72 > 2019-03-04 21:23 | Report Abuse

wow. Take over plan!
Take over at what price?

Posted by 507596689729039 > 2019-03-05 19:49 | Report Abuse

Take over plan ? Where the news come from ?

Posted by 507596689729039 > 2019-03-06 13:13 | Report Abuse

Next port: Kuala Selangor 0.60

lawrgan

715 posts

Posted by lawrgan > 2019-03-08 12:15 | Report Abuse

News in the afternoon or evening....coming

lawrgan

715 posts

Posted by lawrgan > 2019-03-08 12:16 | Report Abuse

Sapu all below 0.54

BonZema72

219 posts

Posted by BonZema72 > 2019-03-08 14:12 | Report Abuse

wow. what news?

noobbie

1,122 posts

Posted by noobbie > 2019-03-08 14:25 | Report Abuse

lol

matg

997 posts

Posted by matg > 2019-03-08 16:26 |

Post removed.Why?

lawrgan

715 posts

Posted by lawrgan > 2019-03-09 00:02 | Report Abuse

Coming Liao next week....get ready to chase high and sell higher

WINNING

1,720 posts

Posted by WINNING > 2019-03-09 00:18 | Report Abuse

charts profits taking.

Posted by 507596689729039 > 2019-03-09 14:04 | Report Abuse

Why so far no such news? Can it be Boiling Water ( pop.. po.. po... ) or Big Canon Fairy ( boom . boom .boom ) news !

BonZema72

219 posts

Posted by BonZema72 > 2019-03-11 10:39 | Report Abuse

engine start!

Posted by 507596689729039 > 2019-03-11 20:16 | Report Abuse

The Shark Big-Big (SBB) fish emerges again from the deep sea !

Ameera

2,921 posts

Posted by Ameera > 2019-03-12 12:26 | Report Abuse

Why not moving???

BonZema72

219 posts

Posted by BonZema72 > 2019-03-13 17:19 | Report Abuse

big fish run already?

Posted by 507596689729039 > 2019-03-13 18:35 | Report Abuse

Big fish strays in coral reef of Tanjung Karang, looking way out to Kuala Selangor.

Ameera

2,921 posts

Posted by Ameera > 2019-03-13 21:49 | Report Abuse

Damn lousy!!!

Dowjones

168 posts

Posted by Dowjones > 2019-03-14 14:49 | Report Abuse

RIP. see you next year

pretty_life

4,810 posts

Posted by pretty_life > 2019-03-14 15:52 | Report Abuse

Is time to enter liao

Ameera

2,921 posts

Posted by Ameera > 2019-03-14 21:55 | Report Abuse

Jia lat... will drop more tomorrow?

Jun Lim Ng

3,036 posts

Posted by Jun Lim Ng > 2019-03-15 14:17 | Report Abuse

come time to Fly...join now !!

Posted by Kubistrader > 2019-03-15 14:42 | Report Abuse

Fasten ur seat belt..

Jun Lim Ng

3,036 posts

Posted by Jun Lim Ng > 2019-03-15 15:11 | Report Abuse

Collect below 0.50....will touch 0.53/54 soon !!

ng1943

135 posts

Posted by ng1943 > 2019-03-15 20:14 | Report Abuse

limit up

Ameera

2,921 posts

Posted by Ameera > 2019-03-15 22:15 | Report Abuse

Like the mmm

Jun Lim Ng

3,036 posts

Posted by Jun Lim Ng > 2019-03-18 11:20 | Report Abuse

Come collect 0.475-48...will touch 0.500 by this week

Posted by 507596689729039 > 2019-03-18 14:16 | Report Abuse

Flush out another 5% of contra players then it will sail before the wind !

Posted by Kubistrader > 2019-03-19 19:19 | Report Abuse

Belt fasten for impact? Haha

Ameera

2,921 posts

Posted by Ameera > 2019-03-19 19:28 | Report Abuse

Jia lat this counter...

simon3618

60 posts

Posted by simon3618 > 2019-03-20 13:54 | Report Abuse

bungkus la.... never stop dropping..

Posted by 507596689729039 > 2019-03-20 16:29 | Report Abuse

The big fish is in hot waters struggling in the coral reef.

targetinvest

2,674 posts

Posted by targetinvest > 2019-03-21 10:51 | Report Abuse

ya this shark really jinasai max.
no money goreng properly..

need goreng cuscapi for greater good now

Ameera

2,921 posts

Posted by Ameera > 2019-03-21 19:03 | Report Abuse

Still got hope?

Posted by Kubistrader > 2019-03-22 01:15 | Report Abuse

Yes..still got hope. Remember the day when 4k lot buying 0.465 if im not mistaken.someone is collecting n hibernating.for this counter such amount already huge

Ameera

2,921 posts

Posted by Ameera > 2019-03-22 16:42 | Report Abuse

2.2k Big buy again 0.455 to 0.465... who is collecting?

Posted by 507596689729039 > 2019-03-22 20:22 | Report Abuse

I sold @ 0.46 & somebody immediately swallowed like hungry tiger. Really cry my eyes out.

Ameera

2,921 posts

Posted by Ameera > 2019-03-22 21:53 | Report Abuse

Then you buyback for on Monday at 0.46...

Posted by 507596689729039 > 2019-03-23 21:59 | Report Abuse

I sold only half of my KSSC. The remain half will hold tight.

simon3618

60 posts

Posted by simon3618 > 2019-03-24 22:06 | Report Abuse

good show coming?

Ameera

2,921 posts

Posted by Ameera > 2019-03-25 05:35 | Report Abuse

Hopefully soon

simon3618

60 posts

Posted by simon3618 > 2019-03-25 15:24 | Report Abuse

yes... engine start... gogogo

Posted by 507596689729039 > 2019-03-25 17:02 | Report Abuse

Boss demised. Koh Seng Lee take over ?

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