Posted by Up_down > 2014-09-02 22:28 | Report Abuse

Protecting capital is my first priority. I set a cut loss point of 10%.

Posted by ferrarimaker > 2014-09-02 22:31 | Report Abuse

In my opinion, there are a lot of optimism being built in this stock, driving the share price to this level when the result missed expectation. The business itself looks great, record unbilled sales, efficient and increasing FFB output (the yield is even better compare to other young planter in KLSE) which will helps to fuel future earning growth. Based on earning power valuation, EV/EBIT, RM2.2 - RM2.6 would probably serve as better entry price. I have owned this stock since few years back and has seen the stock price retract 30%-40% from its peak. There wasn't much mentioned about this stock and its potential in plantation and MRT driven property theme during that time. The stock has been performing since then with only a glimpse of their earning potential. I will continue to add if the share price ever drop to my target entry unless the business quality change. Just my two cent.

Posted by surelaughnonstop > 2014-09-02 22:32 | Report Abuse

owner goreng stock to revenge on 1998 big losses and big mess. haiz. u ppls all bcome timsum ady.

Posted by Joel > 2014-09-03 08:35 | Report Abuse

Today Nanyang News regarding CPO !!

http://www.nanyang.com/node/646398?tid=462

Posted by aaj9393 > 2014-09-03 09:33 | Report Abuse

I think the market is going to finish.

Posted by NeverGiveUp > 2014-09-03 11:00 | Report Abuse

Gone.

Posted by CK > 2014-09-03 11:01 | Report Abuse

@aaj, what mean going to finish? Going Good or Bad?

Posted by NeverGiveUp > 2014-09-03 11:10 | Report Abuse

finish mean habis ...habis is good???

Posted by aaj9393 > 2014-09-03 11:27 | Report Abuse

Mkh drops like this no news no body says anything ?

Posted by aaj9393 > 2014-09-03 11:30 | Report Abuse

Wait to go to 2.00 only can buy. Don know who is selling ?

Posted by bing > 2014-09-03 11:31 | Report Abuse

MKH never die! But, this time die or not? Remain half life.

Posted by NeverGiveUp > 2014-09-03 11:33 | Report Abuse

After second session will down more...

Posted by Up_down > 2014-09-03 11:37 | Report Abuse

It may stage a rebound tomorrow to trap more long term investors.

Posted by watchme > 2014-09-03 11:39 | Report Abuse

panic time is to buy
w.buffet startegies

Posted by watchme > 2014-09-03 11:40 | Report Abuse

cpo price drop will not hv immediate impact of mkh earnings as their platation need another 2 years to mature

Posted by watchme > 2014-09-03 11:41 | Report Abuse

rebounding back to 3.3 anytime

Posted by aaj9393 > 2014-09-03 11:43 | Report Abuse

Before too much good news also not going up / something funny.

Posted by aaj9393 > 2014-09-03 11:46 | Report Abuse

within 2 weeks, 1,000 ringgit for 1mkh gone.

Posted by martinbartesque > 2014-09-03 12:02 | Report Abuse

I think MKH will take time to recover due to lower price in CPO. Its previous uptrend was driven by new CPO business, not property. Me too, I bought it because of its oil palm business. In Q2 (april-june), CPO price ranged from 2400-2600. In Q3 (july-Sept), it ranged between 2400-1950. In overall, CPO price dropped about 13%. I don't think its financial report in Q3 will better perform than Q2. What to do? Just hold it.

Posted by aaj9393 > 2014-09-03 12:15 | Report Abuse

The vol so big suddenly. I think it will go down much lower.

Posted by watchme > 2014-09-03 12:19 | Report Abuse

there is still a retain earning of 573 mil and quarter results do not even hve any contribution from CPO yet..what is the worry?
tan sri have been buying in from 3.80 to 3.5 level

Posted by watchme > 2014-09-03 12:20 | Report Abuse

director sapu now as current prce is equal to 3.7 to 3.8 before bonus

Posted by watchme > 2014-09-03 12:21 | Report Abuse

id dare enough buy more when it goes lower, I am very sure 3 months down the road, it turns put to be a positive return, if I have a million now, I will buy down gradually and more

Posted by armadasaxon > 2014-09-03 12:24 | Report Abuse

buy lor..good price edi..what go down muz come up.

Posted by aaj9393 > 2014-09-03 13:11 | Report Abuse

Where is the bottom ?

Posted by aaj9393 > 2014-09-03 13:11 | Report Abuse

Better don buy.

Posted by bing > 2014-09-03 13:34 | Report Abuse

Yes! Better stay & patience. But don't sell.

Posted by Johann5354 > 2014-09-03 13:43 | Report Abuse

Who keep push down the price?

Posted by Aero1 > 2014-09-03 14:11 | Report Abuse

Reality checks.
1. Even if CPO price drops to RM1,600 .. plantation will still make profit with growth in FFB production.
2. Property unbilled sales at record high .. visible property profits.
3. Property investment income at least RM12 million a year .. is increasing.
4. NTA per share is RM2.40.

Posted by Johann5354 > 2014-09-03 15:10 | Report Abuse

Start rebound ?

Posted by lcng123 > 2014-09-03 15:35 | Report Abuse

let make a simple calculation: for Q3 2014 (apr-jun), the output of ffb was 81,700mt.

assume the oer is 21%, it can produce 17,157 mt of cpo. the revenue and profit (excluding forex gain/loss and before finance cost and tax) for plantation for Q3 was 41.578mil and 16.358mil. so the average cpo in this period is 41.578mil / 17157 = 2,423/mt and profit is 16.358mil / 17157 = 953/mt. that mean the cost to produce cpo is 2,423 - 953 = 1,470/mt. we assume the ffb output for Q4(jul-sep) is about 82,000mt and it can produce 17,220mt cpo.

if average price of cpo for the period is 2,100/mt, the profit will be (2100 - 1470) x 17220 = 10.849mil. after deducted 5.5mil of finance cost, the Q4 pbt is 5.35mil. and for the same period idr was appreciated about 1.2%, the forex gain will be around 5mil, end up with Q4 pbt 10.35mil.

if the some of the unbilled sales of property recognize in Q4, the property revenue can hit 180mil, and pbt about 31mil. plus the property investment pbt 4mil. total mkh's Q4 pbt will be 31mil + 4mil + 10.35mil = 45.35mil, deduct tax 25%, net profit 34mil eps 8.1sen.

please correct me if my calculation is wrong.

Posted by Aero1 > 2014-09-03 16:10 | Report Abuse

lcng123 .. good try. That is 26 sen EPS for FY2014 .. isn't that a decent profit.

Posted by kenken85 > 2014-09-03 16:19 | Report Abuse

i think ppl jus in fear.. give some time to digest all d CPO issue, so call not so good quater result, then it will back to its norm. =)

Posted by kenken85 > 2014-09-03 16:26 | Report Abuse

small block at 3.35 before it start back the rebound

Posted by lcng123 > 2014-09-03 16:36 | Report Abuse

in fact mkh can implement right issue to reduce the debt in plantation sector that caused this sector's earning fluctuated due to forex. this is a good time for mkh to source fund as the share price stood at high level of above rm3.20. if right issue of 1:5 at 2.80 (15% off from rm3.30), mkh can source (419,393mil share / 5) * 2.80 = 234.86mil, which can easily cover the debt of plantation 215mil. by doing this, total of share increase to 503.271mil from 419.393mil and plantation sector can save at least 20mil finance cost per annum, or even higher with the recent interest hike.

Posted by lcng123 > 2014-09-03 16:40 | Report Abuse

i strong recommend tan sri chen offer right issue to shareholders.

Posted by aaj9393 > 2014-09-03 16:52 | Report Abuse

I had lost confidence for MKH. No div. The directors only use the money to buy other companies.

Posted by Aero1 > 2014-09-03 17:00 | Report Abuse

Forex exposure can be managed .. suspect MKH managed to increase its USD assets in the balance sheet because the forex loss was not as thought it should be.

Posted by Johann5354 > 2014-09-03 17:29 | Report Abuse

一些疑问至MKH's IR，有什么启示吗?
（昨晚发 刚刚收到）

Question:

1. How many % we are currently holding for the 14,400 hectars of plantation land in Indonesia?
We are holding 95% through PT.Khaleda Agroprima Malindo (PT KAM)



2. If the bill would go through, what could be the impact to MKH? What are the Strategies MKH will take?

1) The drastic bill to cap the foreign ownership in oil palm plantations to no more than 30% from the current maximum of 95% is unlikely to happen as it will affect the government’s ability to attract foreign investment into Indonesia. Indonesia still requires substantial foreign investment to develop its economy and to stabilize and strengthen its Rupiah currency. The new Government under Pak Jokowi will need to prove to the Indonesian people that they can manage the country well, create more job opportunities, reduce inflation, strengthen the Rupiah and bring in foreign investment to fast track the economic growth in Indonesia. Hence, a business friendly approach would be required.


2) The Business policy issued by Indonesian government on 23 April 2014 on Business Activities which are Closed and Open with Condition in the Investment Field (“PP No.39/2014”) stipulating that for the Palm Oil Plantation with the area of 25 hectares or more integrated with the CPO industry, the maximum foreign ownership is 95% (unchanged). Hence, it is unlikely for this new business policy to be revised again in the near future as it has just been revised in April 2014.



What if implemented?


3) Even if the new ruling materialises, it will NOT be applied retrospectively and only affects new businesses post the implementation date. We have in place ways to manage full control over our business and in our pipeline we are also planning the possible listing of the plantation arm.




3. How is the company plan wish to acquire more land in Indonesia? Still go ahead?
Yes, we are still going ahead to acquire more land.



4. For the past few quarters result, the major profit earning on Property sector in Malaysia was almost manipulated by the foreign gain/loss in Indonesia’s currency. May I know that has MKH taking any strategies on this?
The forex loss is still unrealised. We have reserved USD 15 million to service the loan. At the same time, we have formed a forex monitoring committee headed by our ED/COO to convert rupiah to USD when rupiah strengthen, We have set aside proceed from sale of kernel for this purpose. The USD15 million is the undrawn USD loan.

Posted by Aero1 > 2014-09-03 18:11 | Report Abuse

Johann5354 .. thanks for sharing.

Posted by Johann5354 > 2014-09-03 18:35 | Report Abuse

So what we going to do? Keep the stock and wait!?

Posted by MG9231 > 2014-09-03 18:41 | Report Abuse

It depends on your holding power n the duration . So far, as we know MKH has twin engines property n plantation, it's share price most likely will go up in long run.

Posted by Johann5354 > 2014-09-03 18:46 | Report Abuse

Is the good timing for average down tomorrow ?

Posted by Johann5354 > 2014-09-03 18:47 | Report Abuse

How the Mkh property business already ? Still got any big project at this year?

Posted by Johann5354 > 2014-09-03 18:56 | Report Abuse

The Company wishes to announce that it has received notification on 3 September 2014 pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad from En. Mohammed Chudi Bin Haji Ghazali, the Senior Independent Non-Executive Director of the Company, on his dealings in the securities of the Company outside the closed period as shown in the table below:-
Acquire Direct (units) 50,294
Good news for us?

Posted by courage > 2014-09-03 19:01 | Report Abuse

johann, he only acquired 5,000 shares at RM3.23
Total holdings = 50,294 shares

Posted by Johann5354 > 2014-09-03 19:02 | Report Abuse

I see, thank you your information

Posted by stkoay > 2014-09-03 19:33 | Report Abuse

Just to share a valuable information.

http://www.theedgemalaysia.com/business-news/305781-notable-trade-ksl-executive-chairman-ku-raises-equity-stake-.html

Posted by Johann5354 > 2014-09-03 19:43 | Report Abuse

Is that too high risk to buy ksl with high price?

Posted by stkoay > 2014-09-03 21:32 | Report Abuse

You don't value a company by its price.
A stock can trade at RM10 and considered cheap.....or
A stock can trade at 10 sen and considered expensive.....

For your info. on KSL :

http://klse.i3investor.com/servlets/staticfile/245124.jsp