Posted by 林俊松 > 2014-02-27 16:52 | Report Abuse

=.="

Posted by smchin81 > 2014-02-27 16:53 | Report Abuse

i hope so

Posted by Siva68 > 2014-02-27 17:31 | Report Abuse

Looks like upwards soon, near to its prior support line earlier.

Posted by waihung82 > 2014-02-27 17:52 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1551789

Posted by tkteoh80 > 2014-02-27 17:54 | Report Abuse

result seem not good, forex loss again?

Posted by Siva68 > 2014-02-27 17:55 | Report Abuse

Revenue higher, profit lesser compared with same Q previous year but dividend declared/proposed.

Posted by 林俊松 > 2014-02-27 17:55 | Report Abuse

How ya?

Posted by waihung82 > 2014-02-27 17:58 | Report Abuse

forex loss on Rupiah vs USD

Posted by JXRepcoBuffet > 2014-02-27 17:58 | Report Abuse

RM5 is long term, RM4 should be reasonable....

Posted by Siva68 > 2014-02-27 18:03 | Report Abuse

Past few days, even when some companies released good results, price also go down. This one have to wait and see tomorrow.

Posted by JXRepcoBuffet > 2014-02-27 18:07 | Report Abuse

RM19m unrealised FX loss, RM6m loss from segment results from Plantation....

Posted by 林俊松 > 2014-02-27 18:09 | Report Abuse

How ya?

Posted by Elvin Beh Chun Yen > 2014-02-27 18:28 | Report Abuse

Sell so that I can average down more. :)

Posted by 林俊松 > 2014-02-27 18:34 | Report Abuse

Okie ba, tomorrow I sell my shares le~

Posted by tewnama > 2014-02-27 20:30 | Report Abuse

Q result nampak satu macam aje

Posted by bing > 2014-02-27 22:23 | Report Abuse

Acceptable result!

Posted by lcng123 > 2014-02-27 22:53 | Report Abuse

excluding forex loss, the plantation sector supposed gain rm13.2mil instead of loss rm6.6mil. in fact their plantation sector was perform very well, just because of the loan borrowing in usd and ringgit, making the result look dissatisfied. i think the management have to come up with solutions to settle the loan borrowing, probably suggest a right issue to collect fund from shareholders to settle the loan borrowing for plantation sector.

Posted by blgFAT > 2014-02-27 23:08 | Report Abuse

MKH 1Q net profit falls sharply yoy to RM16.8m
Written by Jonathan Gan of theedgemalaysia.com
Thu Feb 27 2014 18:23:07 GM
KUALA LUMPUR (Feb 27): MKH Bhd’s net profit for the first financial quarter ended 31/12/2013 fell over 50% to RM16.8 million, from RM 34.2 million in similar quarter the previous year.

Answer to my posting 2 weeks ago.

To my brother BigFAT, keep dreaming for yr TP of RM5. 'They' goreng this cause they know the figure was not good. All the big fish had gone already..only u being trap hoping for RM5... They waited at below 3.

Posted by peiyee > 2014-02-28 06:36 | Report Abuse

Then, am I lucky to leave two days back.

Posted by chinesetea > 2014-02-28 07:35 | Report Abuse

The result today is disappointed for some due to our high expectation.
A lot of people buy this counter because of the target 5.40 set by hwangdbs in January.
However, I bet most of these buyers are just following the crowd without reading the details.
First of all, the target is a 12 month target. A lot of people expect the price to be appreciated in few weeks time. In fact we are lucky that the price has increased from 2.90 to 4.15 barely a month.

One may wonder why the revenue in 2013 is much higher than 2012 and the profit does not seems reflect the same story.
If you bother to read the statement, in 2013 the company has pay out a hefty dividend for twice. One may not notice that a large amount of money 66m has been used for additional to land held for property development. You can check the segment asset has increased significantly. This of course will turn into profit in due course.

Everyone is asking the same question about the foreign exchange loss. This is due the loan borrow in USD and the company has to pay back using rupiah that has been weakening in recent months. If we are concern about this, so do the management. If you read in between the line of annual report or read the recent news, you will find that the solution is there. The answer is to fund the purchase of land and repayment of loan by floating the plantation segment of the company. That is the main reason why the price has shoot up recent weeks.
With the recent two quarter lost, this may become a reality sooner than we though. For those that speculate the stock, you can sell if you cannot wait that long.

For investor, we know there is a brighter future. Do not forget, the plantation revenue is almost double and the tree are still young. The increase of cpo price hike will also be another reason to stay invested.

When people sell in panic, you buy at bargain. Stay invested and good luck,

Posted by 林俊松 > 2014-02-28 07:53 | Report Abuse

Hold 1 yr & we will see how~

Posted by bing > 2014-02-28 09:04 | Report Abuse

Good explanation chinesetea. Cheers!

Posted by smchin81 > 2014-02-28 09:05 | Report Abuse

good explanation Chinesetea

Posted by mrlim > 2014-02-28 09:09 | Report Abuse

hahaha... knee jerk reaction

Posted by mk88 > 2014-02-28 09:10 | Report Abuse

another bad result, yesterday ksl

Posted by haikeyila > 2014-02-28 09:16 | Report Abuse

another over-hyped, overrated counter brought down to earth.

Posted by jester > 2014-02-28 09:17 | Report Abuse

Hi haikeyila, getting more bold I see.. haha

Posted by denden > 2014-02-28 09:48 | Report Abuse

have anyone bother to look at the result before unrealised forex for the last 6 months. pl also note that the rupiah has also gain about 6% since December. What is the value of this forex gain in the next Q announcement? be an investor not speculator

Posted by shzewei > 2014-02-28 10:10 | Report Abuse

good explanation Chinesetea

Posted by malaysiaboleh > 2014-02-28 10:11 | Report Abuse

Buy in IJM PLANTATION.. small UTD Plantation

Posted by Multibagger > 2014-02-28 10:15 | Report Abuse

Chinesetea, I share the same thought like you, because operationally it would have recorded eps 10 sen per share in Q1 just announced (on CPO ard 2400-2500) but distorted by forex loss.

Can see plantation is growing strongly with high GP margin and will continue to grow much faster than last year. when the forex stabilised or making a reversal, it will show the true calour.

Posted by bing > 2014-02-28 11:10 | Report Abuse

Agree!

Posted by Aero1 > 2014-02-28 12:00 | Report Abuse

It is was a bargain buy this morning!
The profit margins of the two segments improved. Indeed the margin for the plantation segment was impressive. Plantation sales may top 160m this year with higher FFB and CPO price. If no forex losses (if today's rate stays, 20 mil loss will be reversed), plantation may contribute 20sen EPS.
The profit growth in property is also visible with the unbilled sales. Coupled with improved margin, this segment may contribute well above 20 - 25 sen EPS.

Posted by bing > 2014-02-28 12:06 | Report Abuse

45 EPS the price should be 5.40 above. This is still under value stock! Buy!

Posted by lcng123 > 2014-02-28 13:41 | Report Abuse

everybody just looking at the bad Quarterly result, but nobody, but denden looking at the recent gain of rupiah against usd and ringgit.

last 2013 Q4, rupiah depreciate from 9,700 to 11,000 (against usd) and 3,100 to 3,500 (against ringgit). this caused mkh's plantation sector faced unrealised forex loss of rm66.4mil and loss before tax of rm42.5mil for fy2013. if excluding this unrealised forex loss, profit before tax for mkh's plantation should be rm23.9mil, which is 23.6% profit from revenue of rm101.1mil.

for 2014 Q1, rupiah further depreciate from 11,000 to 12,200 (against usd) and 3,500 to 3,700 (against ringgit) and this caused mkh's plantation sector faced unrealised forex loss of rm19.9mil and loss before tax of rm6.7mil. if excluding this unrealised forex loss, profit before tax for mkh's plantation should be rm13.2mil, which is 38.7% profit from revenue of rm34.1mil.

by keeping forex aside, don't you notice the revenue of mkh's plantation is getting higher and easily hit rm150mil for fy2014, profit before tax rm60mil when cpo price hit above 2,800.

this year, rupiah has appreciate about 5% against usd and ringgit from 12,200 to 11,600 and 3,700 to 3,540 respectively. 2014 Q2 will see an unrealised forex gain in the result. if rupiah further appreciate to 10,000 and 3,200 respectively in the quarters coming, all the previous unrealised forex loss (rm66.4mil + rm19.9mil = rm86.3mil) will be gain back at once. by that time, just imagine the financial result of mkh's plantation sector. as denden said, be an investor not speculator.

Posted by limayseng > 2014-02-28 14:49 | Report Abuse

bearish dragonfly doji formed .....stochastic still weak...can enter when the confirmation is done..just sharing

Posted by Aero1 > 2014-02-28 15:52 | Report Abuse

It's never a good time or bad time if you know there will be a better time.

Posted by Elvin Beh Chun Yen > 2014-02-28 16:01 | Report Abuse

Those who want to sell, please sell. I want to top up more at 3.5.

Posted by mrlim > 2014-02-28 20:47 | Report Abuse

after a somewhat disappointing report, only down 4cents, most likely will go up next week

Posted by 3words > 2014-03-01 12:22 | Report Abuse

i also want to top up some more .

Posted by limayseng > 2014-03-01 13:34 | Report Abuse

Bearish spinning top with top and bottom shadows.... It's last volume was really big compared with normal trade around 3 millions vs 0.54-1.2 million and it has been down 3 days but only 1 day for support... Look like it will go lower than 3.70 ...3.66-3.68 level ? Long and medium term shall be good and will exceed RM 4.00 ...

Posted by Madam YaSer > 2014-03-01 13:46 | Report Abuse

aku tak pandai TA, tapi aku rasa boleh jatuh lagi hehehehe

Posted by mrlim > 2014-03-01 14:43 | Report Abuse

most likely will go up after knee jerk reaction

Posted by bing > 2014-03-01 15:05 | Report Abuse

I just know this is still "UNDERVALUE" stock!!

Posted by ladzatz > 2014-03-01 15:13 | Report Abuse

wah madam nampaknya sudah jual...mau angkat balik at lower price? clever2

Posted by Multibagger > 2014-03-01 15:17 | Report Abuse

http://w3.einvest.com.my/gcHDBS/download/20140228%20(Part%201%20of%202)%20&%20(Part%202%20of%202).pdf

MKH; BUY; RM3.87
Price target: RM5.40; MKH:MK
Exciting times ahead
1QFY14 results in line. Twin earnings boosters - Plantation and Property – to drive impressive 3-year earnings CAGR of 31%. High conviction pick; reiterate BUY with RM5.40 TP.

Posted by bing > 2014-03-01 15:29 | Report Abuse

Company MKH semakin maju business semakin besar rm5.40 TP utk currently! Future would be more than that.

Posted by KY Lau > 2014-03-02 07:20 | Report Abuse

war start, mkh rally?

Posted by Investeye > 2014-03-02 08:21 | Report Abuse

unless the price below rm3.60 else it is not a good price to enter as the upside ( in short term) is not attractive. if talk about plantation, scale and up/down stream coverage is important to sustain the profit. for construction, locations especially few ( not 1 or 2 ) strategy areas and prudent management is important to sustain the growth ( to overcome cooling property measure from gov).

Posted by bing > 2014-03-02 12:44 | Report Abuse

For short term investment and new investors maybe can enter to the others counter first. And welcome back for anytime.