华大家具制造(昆山)有限公司,隶属于美景集团的成员(马来西亚主板上市公司)。公司坐落在繁华的工业城市昆山,距离上海30KM,拥有着中国最大港口和以高质产品生产、出口为中心闻名于世的上海作强有力的支撑,对未来华大充满信心。Vast Furniture Manufacturing (Kunshan) Co.Ltd. (VAST) is a member of MKH Berhad, a successful Malaysia public listed company on the main Board of Kuala Lumpur Stock Exchange. VAST is located in the thriving industrial city of Kunshan about 30km from the megacity Shanghai. Supported by the largest port facilities in China, Shanghai is reputably known as the centre of manufacturers and exporters of high quality products.
All those warrants converted last year before the maturity date paid a conversion price of 1.55 per share...
No wonder the directors kept buying lor..because now no need to surrender the warrants but the conversion price is also offered at a discount lor.. The directors are surely thankful to those who sold to them lah as they must be wondering what a steal lor..
In Bursa, some counters are overpriced especially those politically linked. They were pushed up too high beyond their fundamentals before the election. Some are traded at PE ratio between 20 to 40 times. After the election, these counters would experienced selldown.
However, there are a lot of good counters like Paramount, TA and MKH that have been traded at single digit PE ratios. Some have been trading at that unbelievably low PE for the last few years. This is mainly due to the low investors' confidence related to the corruptions in this country. With the GE14 concluded and government changed, I think these undervalued counters are going to experience price surge.
MKH has quite a number of affordable housing projects. It has affordable housing projects in Hillpark Shah Alam, Kajang 2,and Bandar Teknologi in Kajang.
The new government will use some measures to help the Rakyat to own houses especially in the affordable sector. Currently, the distribution of EPF A/C 1 and A/C 2 is 70% and 30%. If the new government can change it to 60% and 40%. That will help the potential buyers a lot. Many of the prospective buyers who are at the border line will become eligible to get bank loans. The demand for residential properties will increase a lot.
MKH Bhd is planning to launch properties worth some RM581 million in GDV in the second half of the year, its managing director Tan Sri Eddy Chen told EdgeProp.my.
The projects include the Kajang East Precinct 1 double-storey terraced homes, MKH Boulevard II serviced apartment and commercial development in Kajang, and phases 5, 10 and 11 semidee and terraced shoplots at Hillpark @ Shah Alam North, Puncak Alam, Selangor.
In the first half of the year, MKH had launched Inspirasi Mont’Kiara serviced apartment project in Mont’Kiara, Kuala Lumpur.
Chen expects the project, which has seen a take-up rate of 70% since its launch on the weekend of April 14 and 15, to be sold out in the next three months.
Keen to know what value can the property (10 acres) in China fetch when converted into property investment? Distance is about an hour drive to Shanghai City. Ripe for development?
The property in China has a carrying value of RM20.9 million. After converted to property investment, the return should be a lot higher compared to the current RM1 miilion profit a year. In Shanghai non-prime area, average rent is RMB30 per day per sqm. If just take RMB10 per day per sqm, the 10 acres land could fetch RM7 million rental income annually. So property investment will enable MKH to earn higher return and the value of the land to increase substantial.
Despite lower profit, the operating cash flows are stronger than the previous corresponding period. This points to operations and recurring profits are actually higher in Q2.
Good news! The new government is starting to look for ways to improve the property market. They are looking at relaxing the current lending guidelines now.
Extract from The Edge (5 June 2018) The Housing and Local Government Ministry (KPKT) will discuss with the Ministry of Finance (MoF) and Bank Negara Malaysia (BNM) on relaxing current lending guidelines to enable more homebuyers from the B40 and M40 groups to secure housing loan.
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....
onward
56 posts
Posted by onward > 2018-03-13 17:04 | Report Abuse
Yeah, my MKH still negative return now. Hope it can rebounce soon