MKH is benefited from the operation of MRT 1. It has 2 highrise Transport Oriented Developments (TODs) along the line namely Saville Cheras and TR Residence in Jalan Tun Razak. The jewel in the crown is township development Kajang 2. Two interchanges leading into Kajang 2 have been completed. The new KTM Commuter station will be completed in the next month. From now on, we will see MKH developing Kajang 2 at a faster pace. There is 515 acres of vacant land to be developed. The first to go is 184 units of linked house in Precinct 2 which was launched two months back in Nov 17.
As at 30.9.2017, the Group has locked-in unbilled sales value of RM926.5 million from which attributed sales revenue and profits will be recognised progressively as their development percentage of completion progresses and were mainly contributed from the ongoing projects namely Hill Park Shah Alam (RM358.3 million), Kajang East (RM7.6 million), Saville @ Kajang (RM16.3 million), Saville @ Cheras (RM70.8 million), Hillpark Home 3 (RM22.9 million), Saville @ D’Lake Puchong (RM58.2 million), Hillpark Residence (RM108.8 million), TR Residence (RM276.5 million) and Kajang 2 Precinct 2 (RM7.1 million).
Kajang 2 was intentionally kept by MKH for a few years until the infrastructure, MRT1 and KTM Station to be completed before MKH start new launching again. The last previous launching of linked houses was a few years back and they have aldy completed. MKH is saving the best for last.
Accessibiltiy and location wise, Kajang 2 is much better than Eco Majestics, Eco Forest and Setia EcoHills in Semenyih because it is near to Kajang town and connected with rail transportation network.
When theedge writes the IB will take note and opportunity to issue target price when the time is ripe. It depends whether to enter now or wait till the IB report is out.
MKH has total of 15,622ha planted area. at market value RM70,000 per ha, the plantation market value is 1,094mil compare to capital of 969mil (at share price RM1.58). that's mean property and construction sector is foc
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....
quekkeong
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Posted by quekkeong > 2017-12-14 12:45 | Report Abuse
:D