Posted by Aero1 > 2014-08-28 17:23 | Report Abuse

Wish could have more bullets now ..
What's wrong with the company? Generated higher cash flow .. higher unbilled property sales .. CPO price down but it is not 'out'.

Posted by lcng123 > 2014-08-28 17:30 | Report Abuse

no doubt forex gain/loss is only account record, but company will count it into income statement and it will affect net profit and eps of the company. anyway, the exchange rate fluctuated everyday, we should look at whole fiscal year gain and loss, not a single quarter only.

Posted by up_up_up > 2014-08-28 17:55 | Report Abuse

Palm oil and property high chance to turn bearish in 2015. Watch out.

Posted by Joel > 2014-08-28 19:33 | Report Abuse

恐怕明天还继续DROP ！

别COLLECT FIRST，

RM3.00-RM3.10 is good price range to accumulate !

Posted by Kevin Wong > 2014-08-28 20:56 | Report Abuse

Bye-bye MKH @RM3.46 today!

Posted by 逍遥子 > 2014-08-29 00:41 | Report Abuse

Apart from the forex losses, the drop of profit margin property development & construction division could be one of the reason. There is a drop of 7% of profit margin. Anyway this is just my personal opinion, I might be wrong.

FY2014 (9 months) - property development & construction

Revenue : $404.8 mils
Results : $76.56 mils
Profit margin : 18.9%


FY2013 (9 months) - property development & construction

Revenue : $309.3 mils
Results : $80.12 mils
Profit margin : 25.9%

Posted by bing > 2014-08-29 07:28 | Report Abuse

If 3.35 broken, means below sma200. Impossible!

Posted by Aero1 > 2014-08-29 08:48 | Report Abuse

Senior Chen bought shares yesterday.
See a chance that the company is building up war chest.
Plantation all matured and upgrading of CPO mill completed .. low capex.
Property .. not really using own money to built.
Low cycle of CPO price provides M&A opportunities.

Posted by NeverGiveUp > 2014-08-29 09:44 | Report Abuse

Sell or hold??

Posted by lcng123 > 2014-08-29 12:50 | Report Abuse

nevergiveup, what do you expect people to answer you? don't ask this type of question again, pls.

Posted by bing > 2014-08-29 12:56 | Report Abuse

Now MKH are stable & growth up day by day. Buy!

Posted by CK > 2014-08-29 13:17 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1724577

Posted by 0otesto0 > 2014-08-29 16:14 | Report Abuse

hv to sell now, the price will drop next week.. run first... wait until price stable only buy back, anyhow this counter still is very worth for long term...

Posted by bing > 2014-08-29 16:45 | Report Abuse

Disappointed day.

Posted by CK > 2014-08-29 20:24 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1727465

Posted by Joel > 2014-08-30 08:03 | Report Abuse

http://www.nanyang.com/node/645451?tid=704

昨天我有说不要买入MKH 先，它将会跌至RM3.10 。
以史以来， CPO 跌至RM2000 一下。

Posted by CK > 2014-08-30 19:10 | Report Abuse

Don't forget MKH still have property to support and the company have a lot land in kajang and all of this land bought at very low price.....

Posted by CK > 2014-08-30 19:41 | Report Abuse

http://www.vastcn.com/about.html

Posted by count3 > 2014-08-30 20:30 | Report Abuse

One quarter report shouldn't bring mkh down.

Posted by Joel > 2014-08-30 21:41 | Report Abuse

有时候很难讲，因为Panic Selling@MKH .

Posted by Joel > 2014-08-31 21:49 | Report Abuse

http://biz.sinchew.com.my/node/101228

Posted by lcng123 > 2014-09-01 11:58 | Report Abuse

as well as the plantatuin sector's forex gain/loss and net profit/loss at least break even, mkh still can get huge profit from property development sector with target sales rm0.8bil in 2014 and rm1bil in 2015.

Posted by Up_down > 2014-09-01 15:09 | Report Abuse

Investors would take this opportunity to lock profit. Plantation segment was the main driving force to trigger re-rating since early 2014 when price stayed at 2.20. Right now, its plantation business is haunted with potential changing regulation in Indonesia and low CPO prices. It's still possible for the price to slide below 3.10.

Posted by Joel > 2014-09-01 16:44 | Report Abuse

五年里，CPO 价有史以来最低！
会再低吗，没人懂。

Posted by Joel > 2014-09-01 16:47 | Report Abuse

注意FGV 股价，
是不是这五年里最低？

http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=5222

Posted by Up_down > 2014-09-01 18:59 | Report Abuse

FGV' share price attained highest 5.55 since listed on 28 Jun 2012. No sign of price stop sliding.

Posted by Johari > 2014-09-02 09:22 | Report Abuse

Report by AllianceDBS

MKH Bhd: BUY RM3.78; MKH MK
Fundamentals intact;
Price Target : 12-Month RM 5.70 (Prev RM 5.85)
• 3QFY14 results missed expectations
• Record unbilled property sales and strong FFB output growth to drive 29% earnings CAGR (3-year)
• High-conviction BUY with revised RM5.70 TP
Highlights
Weak quarter. Excluding RM22m unrealised forex loss, MKH booked RM28m core profit in 3QFY14 (-2% q-o-q, -6% y-o-y). This takes 9MFY14 core profit to RM88.4m (+13% y-o-y), or 65% of our earlier full-year projection. The weaker result was largely due to slower recognition for new launches in the preliminary development stage and higher-than-expected effective tax rate for the Group.
Our View
Record property sales. MKH is on track to achieve its record high property sales target of RM800m for FY14 (vs RM580m in FY13). It has booked RM548m sales in 9MFY14 and has RM178m booking sales (as at Jun14) yet to be recognised. Thanks to the robust sales, unbilled sales were at an unprecedented RM690m in June, which is 1.4x its FY13 property revenue. Its large exposure to affordable housing and landed residential projects in its stronghold Kajang/Semenyih growth corridor coupled with low land cost at prime locations will make MKH the largest beneficiary of KL South migration.
Exponential growth from Plantation division. FFB output grew 37% q-o-q to 81.7k MT in 3QFY14, taking 9MFY14 FFB volume to 212k MT (78% of our full-year projection). We also expect seasonally higher FFB output in 4QFY14. All in, plantation profit is projected to expand at 3-year CAGR of 61% because of the favourable palm tree age profile, and account for 27% and 34% of FY14F and FY15F Group earnings, respectively (vs 17% in FY13).
Recommendation
Maintain BUY. We nudged down FY14-16F earnings by 12%/10%/7% after imputing DBS’ latest forecast CPO prices, as well as the delayed launch of MKH Avenue 2 (RM135m GDV) and Saville@Cheras (RM280m GDV). This led us to nudge down our SOP-derived TP to RM5.70 (from RM5.85 previously). Nevertheless, MKH remains a high-conviction BUY because it is at the inflection point of an aggressive growth trajectory. The strong, visible growth driven by the Plantation and Property segments could be a multi-year re-rating catalyst. We would accumulate MKH amid the current share price weakness for 51% upside potential.

Posted by Aero1 > 2014-09-02 10:13 | Report Abuse

FFB volume full year close to 300 mt .. FFB yield around 20 mt/ha.
Very impressive for average age of the palms of 4.8 years.

Posted by stevenlum81 > 2014-09-02 11:51 | Report Abuse

What happen to the price keep sliding?! Anyone can explain? Tq.

Posted by aaj9393 > 2014-09-02 12:17 | Report Abuse

I didn't sell when it was 4.30. Even I sold, I think I will bought back at 4.00. I will wait until it fall to 3.00 then only buy again. The most important thing is holding power.

Posted by lcng123 > 2014-09-02 12:21 | Report Abuse

mkh's oil palm trees still preliminary stage, and some trees are immatured. the boos said if all trees are fully mature, the output of ffb can up to 31 mt/ha/year, over 440,000 mt/year. if oer is 21%, cpo output will be 92,400 mt/year. if cpo price can stand at 2,450, with cost per mt of 1,450, and the finance cost of 20mil/year, excluding forex gain/loss, the pbt of plantation will be 72.4mil, eps after tax is 13sen.

Posted by Johari > 2014-09-02 12:26 | Report Abuse

Sure the recent results were not great but two key things to consider - i) property sales have been strong and products are in affordable range with close proximity to MRT and ii) Young plantation land bank which will still show strong FFB growth while higher CPO prices is a bonus (Bear in mind plantations is a small part of earnings only now). My guess on why the big move downwards is the presence of recently issued covered warrants and the investment bank which owns the shares.

Posted by bing > 2014-09-02 13:50 | Report Abuse

What can do? Keep & wait loh. Stronger than offload style.

Posted by courage > 2014-09-02 13:53 | Report Abuse

start buying. i consider its already lelong price. i think those who sold this few sessions are those weak holding power investors.

Posted by Aero1 > 2014-09-02 15:17 | Report Abuse

Johari .. the IB for the covered warrants will do the opposite on price upside.

Posted by soohau78 > 2014-09-02 15:56 | Report Abuse

3.30 soon

Posted by bing > 2014-09-02 16:08 | Report Abuse

Today's MKH so cute. I'm so like Her. Hihi... just have a fun.

Posted by aaj9393 > 2014-09-02 16:46 | Report Abuse

Before the market crash, mkh is the 1st. to celebrate funeral. May be the big fish bought very cheap before. They had to sell before the market crash. We think this price very cheap, so we buy. At this time, I think we better don't buy. We will lose more. Don't buy, Don't sell. Keep holding power.

Posted by bing > 2014-09-02 16:49 | Report Abuse

Yes! Don't buy first. We keep only (don't sell). We are still younger.

Posted by bing > 2014-09-02 17:05 | Report Abuse

2 minggu turun 22% Directors kena culik?

Posted by bing > 2014-09-02 17:16 | Report Abuse

Tan Sri Dato Chen Kooi Chiew, MKH no face lah!

Posted by CK > 2014-09-02 17:56 | Report Abuse

This situation look like last year QE quit time....Now market is testing our patient. Whose have stronger holding power and smart analyze whose is a winner.

Posted by count3 > 2014-09-02 18:42 | Report Abuse

Drop like nobody business.

Posted by 逍遥子 > 2014-09-02 19:00 | Report Abuse

Not only MKH drop, a lot of good counters also drop a fair bit. Business outlook on 2nd half of 2014 is more challenging as expected. In general most of the company are facing with increase of Operating cost. Where interest rate is expect to increase another 0.25 latest by next month and electricity rate by end of the year.

Posted by Johann5354 > 2014-09-02 19:31 | Report Abuse

Mkh will stop drop already ?

Posted by Up_down > 2014-09-02 20:01 | Report Abuse

There are a lot of negative news haunted the company.

1. Earning from property development segment static and bleak outlook in this sector.
2. CPO price dropped to lowest in 5 1/2 years.
3. Risk of changing regulation in Indonesia to cap 30% foreign shareholding in plantation company.
4. Lackluster financial results in last quarter due to foreign exchange loss.
5. Share price slides 25% since peak 4.4
6. Share price breaks moving average 200 days today.
7. Big players may lock profit due to low entry price. There was around 16 million shares traded at 2.4 on 2 Jan 2014

Posted by Johann5354 > 2014-09-02 20:12 | Report Abuse

For long term is a good counter ?

Posted by Joel > 2014-09-02 20:19 | Report Abuse

除非CPO 价钱涨回RM2500 水平。
要不然还会再跌，恐怕破RM3.00 这星期里。
我在想RM3.00 我都不敢进货@MKH .

Comment : Tunggu & lihat.

Posted by Up_down > 2014-09-02 20:25 | Report Abuse

No doubt it's a good counter in longer term.... few years ahead. We don't even know what would happen to the whole market in next 12 months. I prefer to wait and see since there are a lot of uncertainty in its business outlook.

Posted by Johann5354 > 2014-09-02 22:09 | Report Abuse

my average price is 3.73,is time to buy for average down the stock price ?