Uncle KYY may not be correct. MKH is more on affordable housing. The current downturn affects high end housing more but less to the affordable housing developers because there are still genuine self occupying buyers who are looking for affordable housing.
Write a comment..xinquan : Price is RM0.12 .。。 hahaha, Rm 3.00 cash means 1.5 billion cash, the market value is less than 60 million RM. So KYY should buy the whole company with just 60 million Ringgits...... he " believe the legal system in China and the controlling shareholder of Xingquan cannot cheat the minority shareholders." God, is he mad?
haha.. omg ppl is so fragile in mindset. jus one post by kyy and it drop. Thats make the different of superinvestor and pure follow investor. Follower always at the back of the flow.... Too bad.
KYY's bad call on Xinquan showed that he is sometimes speculative and underestimate the importance of net asset backing per share behind the share price.
Xinquan does not have much hard assets (most of the factories and shops are rented). All it has is a business model of shoe soles and shoes manufacturing. It is a sunset industries in China. The labour cost in China is even higher than Malaysia currently. If these type of labour intensive manufacturers can not survive in Malaysia, neither can they in China.
The local property market may be quietly moving towards the recovery path....provided that the developers can give the right products.....either landed ....or condos at the right sizes and not overly priced in the right locations.... the following news could be a sign of the gradual & subtle recovery....
Predicated on the first 3 quarterly results alone, MKH is poised to achieve the best record or highest net profit for the current FY ending 30 Sept 2016 in its history.
Hopefully this would translate into a much higher share price. Its previous highest closing @ RM4.92 was achieved in March 2014. it will be interesting to see its price movement in the next 2 months before it announces its Q4 result by end of November.
DJ Malaysia's August Palm Oil Exports 1.81M Tons; Up 31% -MPOB -------------------------------------------------------------------------------- Malaysia's palm oil exports were up 31% on month at 1.81 million metric tons in August, the Malaysian Palm Oil Board said Monday. The following are details of the August crop data and revised numbers for July, issued by MPOB:
August July Change On Month Crude Palm Oil Output 1,701,905 1,585,882 Up 7.32% Palm Oil Exports 1,812,394 1,384,720 Up 30.89% Palm Kernel Oil Exports 71,662 69,182 Up 3.58% Palm Oil Imports 7,807 12,823 Dn 39.12% Closing Stocks 1,464,491 1,770,650 Dn 17.29% Crude Palm Oil 757,405 1,020,554 Dn 25.78% Processed Palm Oil 707,086 750,096 Dn 5.73%
will strengthening of USD to 4.13 affect this counter? cabinet will discuss the proposed loan scheme by developer to buyer - i guess this is somehow a good news to developer
Rupiah is performing relatively well compared to ringgit. As long as usd to rupiah below 1: 14000. Mkh will still benefit from forex gain coz palm oil is exported in usd and d loan in usd is getting lesser
DJ Malaysia September 1-10 Palm Oil Exports Down 15.0% -SGS -------------------------------------------------------------------------------- Malaysia's palm oil exports during the September 1-10 period are estimated down 15.0% on month at 395,970 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Tuesday.
The following are the major items in the SGS estimate:
European Union 74,680 84,490 U.S. 12,335 14,735 China 67,700 101,390 Japan 20,900 12,173 India 48,000 104,400 Korea 12,700 24,330 Pakistan 30,000 12,000 Bangladesh 19,000 24,500 Egypt 20,150 550 Turkey 5,200 0 South Africa 13,000 8,930
*Palm oil product volumes don't add up to total as some products aren't included
SGS Malaysia is a division of the Switzerland-based Societe Generale de Surveillance Group.
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....
enid888
581 posts
Posted by enid888 > 2016-09-01 00:45 | Report Abuse
Uncle KYY may not be correct. MKH is more on affordable housing. The current downturn affects high end housing more but less to the affordable housing developers because there are still genuine self occupying buyers who are looking for affordable housing.