Posted by lcng123 > 2013-11-06 22:23 | Report Abuse

I am upset to see MKH is flying today as I am still accumulating it. May be I need to pay more to accumulate it.

Posted by 逍遥子 > 2013-11-07 10:19 | Report Abuse

Building up the momentum for the Qtr results.... TP $3

Posted by 2862862 > 2013-11-08 01:39 | Report Abuse

u smell i smell?? hold my dear fren :)

Posted by Aero1 > 2013-11-08 09:14 | Report Abuse

Looking forward to next year eps of > 10 sen each quarter hence making inroads into whole year eps of > 40 sen. Says PE 8 TP 3.60 .. enjoy investing!

Posted by Aero1 > 2013-11-08 15:01 | Report Abuse

Come on ... IOI paid 1 bil for Unico's 12,700 ha. MKH has 15,000 ha but its market cap. has not reached 1 bil. In term of tree age profile and CPO yield, MKH's yield is to show far better growth rate than Unico.

Posted by jkhoo99 > 2013-11-08 17:30 | Report Abuse

what the reason for the spike up? mr.zhi

Posted by shrobin > 2013-11-10 13:23 | Report Abuse

http://www.thesundaily.my/node/230221

Posted by Aero1 > 2013-11-11 10:36 | Report Abuse

http://klse.i3investor.com/blogs/kenangaresearch/40756.jsp
Plantation - New USFDA Proposal May Boost CPO Prices

Posted by 逍遥子 > 2013-11-11 15:18 | Report Abuse

Consolidate !

Posted by Aero1 > 2013-11-11 15:36 | Report Abuse

EPS 2010/12.7sen 2011/14.8 2012/26.0 2013/23.9(3Q)
MKH has historically rewarded its shareholders via Bonus Issue in order to preserve cash.
In view of EPS is likely to be higher next year, will MKH do it again?
But given Public Bank a substantial shareholder which prefers cash, will MKH paying higher dividend?

Posted by shrobin > 2013-11-11 23:46 | Report Abuse

Could it be due to T+3 pullback today?

Posted by stevenlum81 > 2013-11-12 18:14 | Report Abuse

What's. Wrong with the market?

Posted by stevenlum81 > 2013-11-13 10:15 | Report Abuse

What happen to MKH?

Posted by calvin > 2013-11-13 23:12 | Report Abuse

Keep accumulate.....

Posted by shrobin > 2013-11-14 00:01 | Report Abuse

Sometimes it is hard to understand the market. If you look back just about a year back, MKH peaked at early July last year at about 2.40, then it retracted to about 1.75 in mid to late Feb this year (a period of about 8 months). Me and my friends were asking the same question as to what happen? After this major pullback, it took the next 3 months to soar up to about 2.80. It has since moved sideways for about 5 to 6 months now. I guess trying to use rational mind to understand the "Mr.Market" is going to be difficult.

Posted by Aero1 > 2013-11-14 10:38 | Report Abuse

hmm .. 1.75 was ex the bonus and right issues. its market cap has indeed increased my wealth has also increased. The outcome would be otherwise if hop-on-hop-off scenario.

Posted by shrobin > 2013-11-14 15:45 | Report Abuse

Yes, the 2.40 is also adjusted price with increased share base. The pullback was 27% (from 2.40 to 1.75). I believe many fundamental guys holding this stock then must be puzzled! The "Mr.Market" effect will continue to be there and those fundamentally well verse with the business can actually profit from it.

Posted by 逍遥子 > 2013-11-15 13:07 | Report Abuse

Building up the momentum for Qtr results..... Looking forward for the results.

Posted by lcng123 > 2013-11-20 13:33 | Report Abuse

who know how to check the MKH's FFB and CPO monthly output?

Posted by Aero1 > 2013-11-20 15:47 | Report Abuse

They should disclose to Bursa the plantation information voluntarily if not compulsory. Any accountant/consultant can advise?

Posted by lcng123 > 2013-11-20 16:25 | Report Abuse

MKH's plantation estate was in Kalimantan, so they no need to report to Bursa Malaysia.

Posted by Aero1 > 2013-11-20 17:15 | Report Abuse

But how come .. if like that IOI and KLK only report Malaysia output but not the indonesia estate to Bursa?

Posted by lcng123 > 2013-11-20 19:45 | Report Abuse

I think all the FFB and CPO monthly output outside Malaysia is not control by Malaysia government, and of course their monthly export and stock balance is excluded in calculation.

Posted by 逍遥子 > 2013-11-22 09:39 | Report Abuse

Slowly and steady

Posted by bsngpg > 2013-11-23 12:46 | Report Abuse

10sens is very likely. 23.2+10=33.2sens of eps, DPO @ 22.2%(I read from somewhere:有意維持22.2%派息率) , expected div =7.33sens.

Posted by imoogi99 > 2013-11-23 12:58 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2013/11/23/MKH-investment-in-palm-oil-bearing-fruit.aspx

Posted by ViisauS > 2013-11-23 13:06 | Report Abuse

MKH coming Quarter report will be amazing , a lot of projects is on going , and have a very good demand in Kajang area.

Posted by lcng123 > 2013-11-23 14:45 | Report Abuse

Yes. I do expected a amazing Q4 result next week. At least their plantation income is a extra bonus compare to previous years. More and more planted trees going to be matured years coming.

Posted by Aero1 > 2013-11-23 22:50 | Report Abuse

Below was extracted from the The Star Saturday. Can someone tell what is the FFB and CPO yield? Thanks

~~ Today, MKH’s oil palm plantations estate is 98% planted or about 15,655ha of total planted area inclusive of road drains and cannals.

MKH says the yield achieved was 29.9% higher than the budgeted yield and it recorded its highest ever yield of 25,996.64 tonnes per ha in September 2013 since the commissioning of the oil mill in October 2011.

Plantation companies usually get their crop in 30 to 36 months after planting but we manage to harvest it in 22 to 24 months. It grows much faster and produces fresh fruit bunches earlier because we are located along the equator where there is a lot of water and sunlight. ~~

Posted by shrobin > 2013-11-24 12:24 | Report Abuse

If you read the EDGE weekly today, there is more exciting news on MKH. They are in the process of negotiating for another 20,000 hectares.

The 25,996.64 tonnes is the FFB for September month alone. In the EDGE, it was stated just for 9 months, they have recorded 224,037 tonnes of FFB.

25,996.64 x 12= about 312,000 tonnes

224,037 x 12/9= about 300,000 tonnes

If you take the lower number, FFB is already 20 tons/hectare (really good for current tree age)

Going by these numbers, there is a likely chance of achieving 25~28 tons/hectare a year down the road.

Posted by lcng123 > 2013-11-24 18:00 | Report Abuse

lcng123 Yes. I am surprising when read MKH can harvest FFB about 20 tons/hectare (with total of 15,000ha planted area at the current tree age and even some are at immature stage). Some plantation companies only can hit up to 16~18 tons/hectare with the tree age of 7~10 years. MKH is excellent. By the way, Shrobin, can you give the link where you read such info. from the EDGE?

Posted by shrobin > 2013-11-24 18:41 | Report Abuse

It is a hard copy which they sell every Sunday! It is 5 ringgit a copy. The weekly EDGE is not online yet. The daily EDGE is free for ipad user.

Posted by lcng123 > 2013-11-24 20:33 | Report Abuse

oic. I was registered as theedgemalaysia.com user and thinking to read the full story about it.

Posted by Teo Tee Seng > 2013-11-24 21:25 | Report Abuse

Going to announce the quarterly report by tomorrow.... Expect to be a good one

Posted by Aero1 > 2013-11-24 21:44 | Report Abuse

shrobin thanks .. with CPO price now getting higher, it is going to be bountiful years ahead for MKH. Can't wait to get a copy of the Edge.

Posted by lcng123 > 2013-11-24 23:25 | Report Abuse

Aero1, if you understand chinese, i would recommend you to read the links below about MKH : http://ekstock.blogspot.com/2013/09/mkh-6114.html and http://ekstock.blogspot.com/2013/09/mkh-6114_17.html

Posted by shrobin > 2013-11-25 08:36 | Report Abuse

lcng123, I was wrong on the online subscription. The weekly EDGE is on subscription. It is RM222 yearly. I normally just buy hard copy.

Posted by JXRepcoBuffet > 2013-11-25 09:03 | Report Abuse

lcng123, can you paste the article over here? thx

Posted by 逍遥子 > 2013-11-25 09:04 | Report Abuse

$2.83 record high !!

Posted by lcng123 > 2013-11-25 09:44 | Report Abuse

沉睡中的巨龙=美景控股(MKH-6114)[上篇]

小郭已经有很久没有发布新文章,所以今天就发表一个我本身认为的一个好公司美景控股(MKH-6114),就如标题所说,我把他誉为沉睡中的巨龙,为什么说他是巨龙,因为MKH Berhad前称Metro Kajang Berhad,意味着这间公司以Kajang(加影)为基地出发,创立于1979年的美景控股(MKH-6114)在Kajang(加影)扎根,打造一系列的房产,甚至在Kajang(加影)创立第一座购物广场(Shopping Mall),一度成为Kajang(加影)家喻户晓的产业公司。但可惜的是这个年少得志的巨龙提早自满,开始减缓了自己发展的脚步,慢慢的就沉睡了。

但近年,美景控股(MKH-6114)终于发现自己的地位开始动摇,在Kajang(加影)已经开始无法呼风喚雨.俗语说[困龙于野-得水在天],这只巨龙并没有因此繁燥,反而一步一步重整自己的业务,时机一到,蛟龙必定能遇水乘雷欲上天。我们就回来看美景控股(MKH-6114)如何重整自己的业务,目前美景控股(MKH-6114)首要业务为产业发展,几乎全部的业务都是来自产业发展,同时也拥有目前最稳定的收入就是期下两间位于Kajang(加影)的购物广场Plaza Metro Kajang&Metro Point Complex,这两间购物广场每季都能提供稳定的盈利,而因为租金会随着时间越来越高,盈利也越来越好,这可以在其业绩报告中看出来。美景控股(MKH-6114)同时也拥有一座位于Kajang(加影),拥有102间房间的3星酒店Prescott-Metro Inn,但我发觉这座酒店似乎已经外包于其他业者管理,实际收入目前尚未无法正确查明,因为业绩报告中将酒店业务纳入与购物广场业务同时计算.

其实在2007年时,美景控股(MKH-6114)就已经意识到自己的地位受到动摇,就寻找如何突破瓶颈,因为美景控股(MKH-6114)相信如果单靠产业发展并无法让自己更上一层楼,终于决定进军种植业,让种植成为自己的另一稳定收入来源,最终在2008年1月成功收购位于印尼东加里曼丹(East Kalimantan)的15,942.60Hectares(39,395Acres)的可种植地,目前各大种植公司都积极往印尼发展,但美景控股(MKH-6114)就已经比很多大种植早一步,在印尼种植油棕,翻开年报可以看出,美景控股(MKH-6114)在2008年~2011年的业绩可以说是惨不忍睹,可以说是它的低潮,但工欲善其事,必先利其器,美景控股(MKH-6114)就是利用这一时间,铺排自己未来的道路,在这段时间,美景控股(MKH-6114)不论赚多少钱,都将它投放进油棕业,所以它的产业发展也只是一点点默默发展

根据美景控股(MKH-6114)执行主席拿督曾贵秋透露,他本身可以说在种植领域拥有超过20年的丰富经验,配合优良土壤和气候质数上等且购买的土地都相当平坦,是种植油棕的上等土地,届时收成相信也能高人一等,并放眼在未来,此业务将成为美景控股(MKH-6114)的主要盈利贡献,美景控股(MKH-6114)在2008年开始种植油棕,此年种植3,500Hectares,接下来2009年5,600Hectares,2010年4,700Hectares,2011年1,200Hectares，就这样忙碌是4年,种植的同时,美景控股(MKH-6114)也筹办建造自己的棕油提炼厂,在一切种植完毕后,每小时能够提炼60公吨鲜果串的提炼厂也在2011年10月全面投入运作,等待即将大幅收成的鲜果串提炼为棕榈油(Crude Palm Oil)为美景控股(MKH-6114)贡献高人的盈利.

随即美景控股(MKH-6114)才在2011年从先前的Metro Kajang Berhad转名为目前的MKH Berhad,意味自己将冲出Kajang,成为一个全新的集团。下一段我们再来剖解美景控股(MKH-6114)的业务,如何能让他成为一只即将腾飞的巨龙。

----------------------------------------------------------------------------------------------------------------------

即将腾飞的巨龙美景控股(MKH-6114)[中篇]

上篇说到美景控股(MKH-6114)即将成为腾飞的巨龙,在一步一步重整蜕变计划后盈利也在2012年就大爆发,全年更创下5亿4529万1945令吉的营业额,盈利更比去年增加了96.34%,将近一倍的成长,成功录得7463万7613令吉的盈利。虽然带领盈利创新高的产业发展项目Pelangi Semenyih 2 (Phase 1A and 1B),Hill Park Home2&Areca Residence的工程已经完毕,相信很多人都怕持续的工程是否能继续贡献更可观的盈利

但大家对此可以不必感到担心,下图我会列出公司的未入账销售每一季的更新表,同时也有美景控股(MKH-6114)产业发展的营业额走势线,可以清楚看到,美景控股(MKH-6114)的产业营业额和未入账销售走势是成正比的,意味着越高的未入账销售就能获得越高的营业额,盈利也会随着增加,翻开美景控股(MKH-6114)的季报,很多人都会发现,在今年截止31-03-2013的季报时,美景控股(MKH-6114)的盈利曾一度降低许多,但同时看回走势图,在前两季的未入账销售慢慢减少,同时也因为几项工程结束所致,但这点可以放心,但依然还有Pelangi Semenyih 2, Saville@Melawati,Pelangi Seri Alam,Saville@the Park&Mewah9 Residence工程进行着



而且刚在今年5月才推出的集合serviced apartments&boutique shop offices于一身的MKH Boulevard销量惊人,在推出的1个星期内,所有非土著单位都被人一扫而空,可以说是空前震撼,MKH Boulevard的总发展值(GDV)高达2亿2100万令吉,比计划初期预计的1亿7200万GDV多了4900万依然在销售没有受到影响,继续火热..未来更可以将美景控股(MKH-6114)的盈利推向另一高峰.

同时候美景控股(MKH-6114)的未入账销售已经在最新两季连创新高,截止31-03-2013的未入账销售已经从先前的RM392.6M增加19.39%至RM468.7M,最新的未入账销售更前所未有地来到RM518.5M,首度突破5亿令吉的未入账销售,且在印尼的种植计划全面完成后,美景控股(MKH-6114)已经没有任何顾虑,全面大肆发展自己的老本行,除了之前存有的土地提供发展之外,今年更频频购买土地,以做未来开发之用。而美景控股(MKH-6114)曾经在2012年的4月获得Puncak Alam Resources颁发总值6亿7500万令吉的建筑合约,是让美景控股(MKH-6114)设计和建筑位一片位于雪兰莪依约(Ijok)的550英亩土地,但相信是某种原因,这项计划一直没有任何进展,终于在上个月捎来好消息,美景控股(MKH-6114)终于以3060万令吉向本是商业高峰控(PUNCAK-6807)股东的丹斯里罗查里家族(Tan Sri Rozali Bin Ismail&Nur Dayana Binti Rozali)全面收购Puncak Alam Resources Sdn Bhd的100%股份,就是让自己能够全权掌握这片土地的发展权,美景控股(MKH-6114)对于这项交易的说法很简单,就是这篇土地预料的总发展值(GDV)可以超过10亿..

而美景控股(MKH-6114)今年的收购还有在今年2月,就是以1800万收购Budi Bidara Sdn Bhd的45%股份,而这间公司目前手握位于Kajang(加影)一片拥有截止2107年的99年7.41公顷土地,同时也刚在上星期公布最新收购计划,就是以183万7184令吉收购Achieve Acres Sdn Bhd的100%股份,这间公司也刚在7月以734万8736万收购位于加影士毛月的10.544acres土地,但尚有余额RM6,613,862.40未支付,未来将又美景控股(MKH-6114)来解决

但美景控股(MKH-6114)的计划还并非如此,下一段就继续探讨美景控股(MKH-6114)的计划,《易经》里有提到[潜龙勿用][飞龙在天]更是最适合现在的美景控股(MKH-6114),把自己的光芒收藏起来,时机一到就可以真正飞龙在天。

Posted by 逍遥子 > 2013-11-25 10:53 | Report Abuse

Good results coming !

Posted by calvin > 2013-11-25 13:07 | Report Abuse

Q3 result out?

Posted by 逍遥子 > 2013-11-25 13:11 | Report Abuse

Not yet, refer to previous years it will be out by 26th. Should be very good and hopefully higher dividend will be proposed.

Posted by 2862862 > 2013-11-25 14:01 | Report Abuse

more to come ya, God bless you !

Posted by JXRepcoBuffet > 2013-11-25 14:52 | Report Abuse

should be bonus issue 10 for 1 again.....

Posted by Aero1 > 2013-11-25 21:52 | Report Abuse

thanks lcng123 I can understand the articles.

Posted by Aero1 > 2013-11-25 22:00 | Report Abuse

Manage to read the Edge's article here .. http://mkhberhad.com/
Best has yet to come .. not only the plantation also the property segment as well.
Happy investing!

Posted by Ooi Cheng Kee > 2013-11-26 12:55 | Report Abuse

Should buy this counter. Double protection. CPO up, MKH will benefit. Next year GST in April will implement. In Singapore and Australia, before GST implement, the property stock will make big profit as people will rush to buy to avoid paying more after GST implement. The only worry in Malaysia is the interest rate will be up will affect the property market. Overall, the risk is quite low for MKH.

Posted by lcng123 > 2013-11-27 11:14 | Report Abuse

i just came across with a link shows the statistic data of oil palm plantation companies 2012. i compared mkh and kim loong and found that these 2 companies about the same size of planted area (about 15,000ha). kim loong share price stood at rm2.6 now, how do you think the share price for mkh where they have 2 core business (property development & plantation) compare to kim loong has one only? rm3.50? rm4.00? or more? for me mkh worth above rm5.00 if their oil palm fully matured. at that time they can hit EPS 50sen (25sen from property development and 25sen for oil palm). furthermore 20,000ha oil palm estate join soon.

Posted by haikeyila > 2013-11-27 11:33 | Report Abuse

kim loong is a stable plantation where 91% trees are mature. earnings would not grow much and will be highly dependent on CPO prices. MKH is only starting to plant, so the potential is much higher, provided the land they acquire in Indon is free of problems.