1. Unbilled property sales increased to RM823 million. 2. From the current land bank, total GDV is RM10 bil .. will be busy for 10 years says RM1 bil a year. 3. Plantation made profit despite low CPO price and FX losses. 4. Exposure to FX is better managed now with more balance US assets and liabilities. 5. Investment property is poised to generate higher income. 6. Very strong positive operating cash flow .. expect higher future dividend.
MKH has nothing to shout at this moment. Unbilled sales would last for 12 months only. Plantation segment hit by low CPO prices. Exposure in USD borrowing equivalent to RM 278 million. High borrowing and low dividend yield. PER stays in upper level.
MKH Property development recorded lower profit partly due to absent of gain on bargain purchase on acquisition of subsidiaries for property development in the current year as compared to the preceding year of RM31.2 million, what is this about? anybody here can help to explain?
U.S. to sell regular gasoline for less than $2 a gallon since the recent crude oil nosedive began, according to data collected by GasBuddy Organization Inc.
MKH was not doing well in 4th qtr 2014. If you exclude fair value gain on property RM 22.2 million, profit after tax would be RM 5.5 million (EPS 1.31 cents)only. Its property division registered a slump in profit of 85% comparing with last year.
It was because some property development still in preliminary stage, that's why its unbilled sales hit 823mil as at 4th quarter 2014. Unbilled sales will be progressively become revenue in coming quarters. one thing have to consider is the ringgit vs rupiah has depreciated from 3705 on 30/09/2014 to current 3567, 3.7%. plantation may has forex gain in next quarter's result
When comparing with last year 4th qtr 13, property division external revenue dropped by 15% and Profit of property slashed 85%. Potential forex gain from strengthening Rupiah against RM would be offset by loss in depreciation of RM against USD by 6.5% on its USD borrowing.
I was always confuse if lcng and lching are the same people and who is the one I always talk to. At last I diffeciate them by l-ching. Ching is a name of my family member. Nice to hear from you.
normally will get final dividend at around Jan/Feb. i top up some at 2.50. dividend yield will b 5.2% ...jus tutup mata.. haha.. more bonus to come more dividend to come.. =)
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shzewei
27 posts
Posted by shzewei > 2014-11-27 11:47 | Report Abuse
when is the quarter result release?