Posted by chonghai > 2016-07-07 00:02 | Report Abuse

MKH Plantation division contributes around RM 36 million of profit, inclusive of RM 27 million of FOREX gain. Removing forex gain, plantation contributes only RM 10 million. If we consider for the whole year, probably RM 20 million. If we take into consideration better CPO price as well as better FFB production due to trees entering prime age, we probably reach RM 30 million a year from the plantation division. Depreciation and Amortization is around RM 10 million a year. Add that back as well we will get RM 40 million. I don't think the plantation division can be listed for RM 1b. A more realistic number will be RM 600 million.

Posted by Aero1 > 2016-07-11 08:57 | Report Abuse

The IPO proceeds will be used for expansion and/or loans reduction, Either way it is to be earning positive. Currently the plantation's loans may cost RM 25 million interest expense annually. Already on the way for more upstream and downstream expansions.

Posted by Aero1 > 2016-07-11 08:59 | Report Abuse

http://jakartaglobe.beritasatu.com/business/tax-amnesty-help-growth-rebound-contain-deficit-morgan-stanley/
http://jakartaglobe.beritasatu.com/business/tax-amnesty-bill-passage-credit-positive-moodys/

Posted by Aero1 > 2016-07-11 10:49 | Report Abuse

PanaHome is in demand! SImply because Malaysian like Japanese products and its quality.
http://www.businesswire.com/news/home/20160627006495/en/

Posted by buddyinvest > 2016-07-11 11:23 | Report Abuse

Hehe. Only to be dampened by its plantation decision.

Posted by Aero1 > 2016-07-11 11:44 | Report Abuse

Citigroup is bullish on gold, soybeans and sugar.
http://www.bloomberg.com/news/articles/2016-07-11/citigroup-bullish-on-commodities-as-spending-cuts-curb-supplies

Posted by K.H > 2016-07-13 17:50 | Report Abuse

BNM cuts OPR to 3% at its monetary policy committee
http://www.thestar.com.my/business/business-news/2016/07/13/bnm-cuts-opr-to-3pct-at-its-monetary-policy-committee/

Posted by buddyinvest > 2016-07-13 18:43 | Report Abuse

Kelapa sawit jadi hantu

Posted by Aero1 > 2016-07-14 09:07 | Report Abuse

http://www.bloomberg.com/news/articles/2016-07-13/indonesia-becomes-asean-s-most-valuable-emerging-market-chart

Posted by Aero1 > 2016-07-14 11:26 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/07/14/opr-cut-to-boost-demand-in-property-sector/

Posted by Aero1 > 2016-07-15 09:56 | Report Abuse

http://jakartaglobe.beritasatu.com/business/indonesias-foreign-exchange-reserves-inch-6-2b/
http://jakartaglobe.beritasatu.com/business/tax-amnesty-positive-catalyst-indonesian-stocks-bonds-mami/

Posted by Aero1 > 2016-07-18 11:52 | Report Abuse

IDR is trending down to below 13,000.
USD/IDR 13,104.00 +8.00 +0.06% As of 11:47 PM EDT 7/17/2016

Posted by Aero1 > 2016-07-18 11:55 | Report Abuse

http://www.bloomberg.com/news/articles/2016-07-13/indonesia-sukuk-beats-malaysia-in-attracting-brexit-haven-funds

Posted by Aero1 > 2016-07-19 08:21 | Report Abuse

http://www.thejakartapost.com/news/2016/07/18/indonesias-economy-poised-to-grow-5-2-this-year-adb.html

Posted by Aero1 > 2016-07-19 14:39 | Report Abuse

Good news to property! BNM may cut OPR again.

KUALA LUMPUR, Malaysia--Inflation in Southeast Asia's third-largest economy likely softened in June, due in part to unchanged retail fuel prices and a higher base last year. The consumer-price index, Malaysia's main inflation gauge, likely rose 1.8% in June from a year earlier, according to the median forecast of seven economists polled by The Wall Street Journal. Inflation in May climbed 2.0% from a year earlier. Malaysia, which has been grappling with softer prices for its oil and gas exports since 2014, is also facing softer domestic demand. On Wednesday, the country's central bank unexpectedly cut interest rates for the first time in seven years, in a bid to maintain economic stability amid global uncertainties. Write to Yantoultra Ngui at yantoultra.ngui@wsj.com

Posted by Aero1 > 2016-07-19 14:46 | Report Abuse

USD/IDR 13,070.00 -17.00 -0.13% As of 2:39 AM EDT 7/19/2016
Citibank has a bullish view on IDR targeting 12,000 as its Government has been moving in right direction. Bond yield is dropping. Foreign funds inflow chasing yield.

Posted by Aero1 > 2016-07-20 08:15 | Report Abuse

Good and Bad news!
http://jakartaglobe.beritasatu.com/business/indonesia-moratorium-new-palm-planting-include-existing-plantations/

Posted by Aero1 > 2016-07-20 11:11 | Report Abuse

0214 GMT [Dow Jones] The rally in crude palm oil prices due to weather extremities may resurface into the year end, says OCBC in a note. "Wetter-than-usual weathers in Asia may be seen in 4Q16 which would once again prohibit production." OCBC keeps its year-end CPO outlook at MYR2,800 per ton as weather extremities and lower production should take form into the latter part of this year. Still, downside risk to its forecast exists, especially if poor demand persists. Benchmark palm-oil futures for October delivery on the Bursa Malaysia Derivatives Exchange ended 28 ringgit higher at MYR2,306 per ton on Tuesday. (lucy.craymer@wsj.com; Twitter: @lucy_craymer)

Posted by Aero1 > 2016-07-20 12:19 | Report Abuse

There is room to further cut the OPR. Malaysia's June inflation at 1.6% on year
http://www.theedgemarkets.com/my/article/malaysias-june-inflation-16-year

Posted by Aero1 > 2016-07-20 15:47 | Report Abuse

http://www.theedgemarkets.com/my/article/indonesia-cbank-seen-cutting-key-rate-again-try-spur-growth

Posted by Icon8888 > 2016-07-20 16:04 | Report Abuse

http://klse.i3investor.com/blogs/icon8888/100411.jsp

Posted by Aero1 > 2016-07-20 16:40 | Report Abuse

Yes I like Super Trees!

Posted by kenken85 > 2016-07-20 16:43 | Report Abuse

icon is here .. that will make thing more interesting here. hhaha

Posted by vcgh23 > 2016-07-20 17:10 | Report Abuse

Time to buy in since icon sifu article comes out

Posted by Aero1 > 2016-07-20 18:09 | Report Abuse

Exports of Malaysian palm oil products for July 1-20 rose 14% to 817,736 tonnes, from the same period a month earlier, cargo surveyor Intertek Testing Services said on Wednesday.

Posted by enid888 > 2016-07-20 23:16 | Report Abuse

Many of the MKH land bank are closed to the stations of MRT1 and MRT2. These include Jalan Tun Razak project, Saville Cheras, Jalan Bukit project and MKH City. Furthermore, Kajang 2 and its adjacent, Kajang South (new land bank)are in very good location and will be well received. During slow market like now, MKH also can launch their more affordable products like Bandar Teknologi,Saville @ Kajang n Saville @ D'Lake. Therefore, the company is still doing very well at this time.

The management of MKH are people with integrity. Their track record has shown that the shareholders are well rewarded for holding long term.

20/07/2016 23:15

Posted by kenken85 > 2016-07-21 08:55 | Report Abuse

one more quater with eps more than 10 then will be flying north. which we expect it to be there easily. chills.

Posted by Collin Soo > 2016-07-21 11:33 | Report Abuse

On board

Posted by FayeTan > 2016-07-21 12:25 | Report Abuse

http://klse.i3investor.com/blogs/genzinvestor/100485.jsp

5 reasons why MKH is undervalued

Posted by enid888 > 2016-07-21 12:29 | Report Abuse

Is it correct to just value a property counter by basing on its PE ratio? I thk it is wrong, it shld be PE ratio together with its RNAV(Revised Net Asset Value).

For simplified example, we assume a company just has one shophpouse that is worth RM2mil. The shophouse is able to generate income of RM200k per year in 2014
Therfore
PE ratio = 10
Market capitalisation = RM2mil (Assume 1mil shares, share price=RM2.00)

In 2016, property market is bad. The income generated drops to RM100k. Market reacted n share price drops to RM1.00 because ppl focus to its profit n PE ratio.
PE ratio = 10
Market capitalisation = RM1mil.

Just think, has the the value of the shophouse drops to RM1mil due to the lower income. It has not, the value is still RM2mil.

The big IB analysts always merely based on PE ratio to make their calls and this is totally wrong. It has make the property counters severely undervalued. That is the reason a lot of privatisation happened in these few years. To name a few,

Hunza is privatised at RM2.90 when the actual woth is RM9.00
OSK Property is privatised at RM2.00 when the actual worth is RM6.50

The major shareholders knows the actual values of their companies n they are laughing all the way to the bank.

Posted by Investing4Life > 2016-07-21 14:19 | Report Abuse

using latest land cost that they purchased several months back (opposite Kajang 2) to calculate their undeveloped landbank asset at Kajang - based on annual report, NTA easily revised to 3.40 if they do revaluation.

Posted by kenken85 > 2016-07-21 16:53 | Report Abuse

after a big huha today up 3 cents. hahaha.

Posted by Aero1 > 2016-07-21 17:09 | Report Abuse

http://www.theedgemarkets.com/my/article/ram-cpo-hover-rm2300-rm2500-rest-year

Posted by Icon8888 > 2016-07-22 12:09 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/07/22/palm-oil-hits-two-week-top-further-gains-seen-on-strong-demand/

Posted by Collin Soo > 2016-07-22 15:06 | Report Abuse

Good for long term investment

Posted by SharehlderOppression > 2016-07-25 10:22 | Report Abuse

Agree with Enid888.
Analyst pay more attention to future earnings potential via DCF rather than margin of safety.
Hence, privatisation allows owners to strip assets/enhance value/relist at future date and laugh all the way to the bank.
Take the case of Mieco currently, takeover price offered at 90c, but net assets valued at 1.54.
Wonder who is getting the short end of the stick.

Posted by Aero1 > 2016-07-25 13:37 | Report Abuse

Malaysia July 1-25 palm oil exports up 15.1% m/m -ITS
http://www.theedgemarkets.com/my/article/malaysia-july-1-25-palm-oil-exports-151-mm-its

Posted by kenken85 > 2016-07-26 15:59 | Report Abuse

slow and steady?

Posted by Aero1 > 2016-07-26 16:40 | Report Abuse

Approaching Q3 results. Without fluctuation in FX, will see how its operating results fare. Market could be expecting another +10 sen with higher CPO price and volume.

Posted by Aero1 > 2016-07-27 10:43 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/07/27/improved-sentiment-on-property/

Posted by Aero1 > 2016-07-27 15:31 | Report Abuse

Good to Indonesia and IDR!
http://www.bloomberg.com/news/articles/2016-07-27/jokowi-turns-to-indrawati-as-finance-chief-to-help-spur-economy

Posted by Aero1 > 2016-07-28 18:02 | Report Abuse

Look at the yield at 7%. Malaysia only offers close to 4%.
http://www.bloomberg.com/news/articles/2016-07-27/indonesia-s-new-finance-minister-is-boost-for-jokowi-s-tax-plan

Posted by Aero1 > 2016-08-01 14:35 | Report Abuse

HONG KONG--Malaysia's palm oil exports during the July 1-31 period are estimated up 12.7% sequentially at 1,273,543 metric tons, cargo surveyor Intertek Agri Services said Monday.

Major importers of Malaysian palm oil:
July 1-31 June 1-30
China 217,400 129,900
European Union 262,224 207,960
India & Subcontinent 266,910 326,401
Middle East 126,695 134,250

Posted by Aero1 > 2016-08-01 16:50 | Report Abuse

http://jakartaglobe.beritasatu.com/business/indonesias-annual-inflation-cools-july/
Reason to ease monetary policy further.

Posted by Aero1 > 2016-08-02 09:09 | Report Abuse

DJ Malaysia July 1-31 Palm Oil Exports Up 15.4% -SGS

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

Malaysia's palm oil exports during the July 1-31 period are estimated up 15.4% on month at 1,283,050 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Monday.

The following are the major items in the SGS estimate:

(All figures in metric tons)

July 1-31 June 1-30
RBD Palm Olein 486,622 408,336
RBD Palm Oil 119,230 84,391
RBD Palm Stearin 102,215 110,151
Crude Palm Oil 291,730 237,865
Total* 1,283,050 1,111,413

Major importers of Malaysian palm oil:

European Union 260,908
U.S. 74,800
China 225,856
Japan 48,303
India 199,580
Korea 28,700
Pakistan 41,000
Bangladesh 9,987
Egypt 3,150
Turkey 95,997
South Africa 18,130

Posted by kenken85 > 2016-08-02 11:02 | Report Abuse

Gkent ady move. next will be MKH . all we need is just one more coverage. I believe other firm wont jus put target price as 3.20. is too low.

Posted by Aero1 > 2016-08-02 11:17 | Report Abuse

http://jakartaglobe.beritasatu.com/business/indonesia-will-propose-corporate-tax-cut-tax-amnesty-program/

Posted by Aero1 > 2016-08-02 13:45 | Report Abuse

[转贴] 【产业+种植】 MKH(6114) 盈利突破历史新高，油棕盈利陆续有来！ - Harryt30
http://klse.i3investor.com/blogs/kianweiaritcles/101166.jsp

Posted by bing > 2016-08-03 11:21 | Report Abuse

yes!!! 3.20 is too low.

Posted by Aero1 > 2016-08-03 15:44 | Report Abuse

SP Setia venturing into Indonesia. MKH too can!
http://www.theedgeproperty.com.my/my/content/830612/sime-s-p-setia-and-pnb-unit-build-affordable-homes-indonesia