osk prop sold land in sg. petani to prima value at 550k a acre and as well get award the construction job for the housing. How much it worth for land keladi hold? Annual report stated it value at 50k a acre
last two month there was a news saying that Keladi Land will be re-evaluated, anyone know when will the result out? Correct me if i am wrong. Wondering y bearish so much..
Keladi Maju appoints former IJM Corp CEO as MD By Chester Tay / theedgemarkets.com | July 1, 2015 : 7:58 PM MYT Share on facebook Share on twitter
KUALA LUMPUR (July 1): Keladi Maju Bhd ( Financial Dashboard) announced to Bursa Malaysia that former IJM Corp Bhd chief executive officer (CEO) Datuk Teh Kean Ming is appointed as the property developer's managing director (MD), effective today. In a separate filing with the stock exchange, Keladi Maju (fundamental: 1.65; valuation: 2.4) said its existing MD Datuk Ir Chuah Chin Ah has been redesignated as executive deputy chairman. Teh joined the board of IJM Corp as an alternate director on Sept 1, 2005 and was the deputy CEO and deputy MD of IJM Corp from July 1, 2008 to Dec 31, 2010. He was then appointed CEO and MD of the company on Jan 1, 2011 and retired on Apr 5, 2015. Chuah, on the other hand, is one of the founders of Keladi Maju and has been the MD of the group since 1986. Keladi Maju rose half sen or 1.72% to 29.5 sen today, giving it a market capitalisation of RM219.91 million. (Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
Keladi Maju’s 1Q net profit triples to RM8.79m on higher property sales By Levina Lim / theedgemarkets.com | June 22, 2015 : 7:02 PM MYT Share on facebook Share on twitter
KUALA LUMPUR (June 22): Keladi Maju Bhd ( Financial Dashboard)’s net profit tripled to RM8.79 million or 1.16 sen a share for the first financial quarter ended April 31, 2015 (1QFY16) from RM2.92 million or 0.38 sen a share a year ago, mainly due to higher contribution from its property development segment.
Revenue was also higher, tripling to RM24.74 million from RM7.93 million in the previous corresponding quarter. “The higher recognition of revenue and profit before tax were mainly due to improved sales activities and construction progress billings achieved.
“During the quarter under review, a built then sell project comprising 236 units of terrace houses in Phase 4B2 of Taman Lagenda was completed with approval of Certificate of Completion and Compliance (CCC) and achieved 100% sales rate,” it said in a filing with Bursa Malaysia today. Meanwhile, its palm oil cultivation division posted a 6% rise in pre-tax profit to RM501,000 from RM471,000 a year ago, on the back of an 18% rise in revenue to RM844,000.
According to Keladi Maju, 2015 will be a challenging year due to the depreciation in value of the Ringgit, the slump in crude oil price and inflationary effect due to implementation of the goods and services tax dampening consumer spending pattern.
“Nevertheless, all the group’s projects which are in progress at Taman Lagenda and Taman Desa Cinta Sayang are expected to contribute positively to the earnings of the group for the remaining period of the financial year,” said the property and plantation group. Keladi Maju said it will continue to embark on development of affordable and saleable properties from its existing development land banks.
“With diligent development planning together with the steady smooth implementation, the prospects of the group remain bright,” it added.
Keladi Maju (fundamental: 1.65; valuation: 1.8) shares were untraded at 28 sen today, giving it a market capitalisation of RM212.33 million.
(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
一向以来都以发展吉打州产业为主的发展上裕隆发展 (Keladi Maju Berhad) 近日宣布收购吴万发集团位于吉隆坡泗岩末(Segambut) 地区的工厂,用来作为重新发展用途,正式进军吉隆坡产业发展界。以下分享相关资料:
成交产业:9 亩发展地段,地段以上建有工厂建筑物( Lot 2984, 2983, 4597, 3680, 1470, 38755, 46260, 46261, 46262, All within Mukim of Batu, District of Kuala Lumpur, State of Wilayah Persekutuan) 地址:No. 238, Jalan Segambut, 51200 Kuala Lumpur. 地点:此产业位于吉隆坡市的泗岩末地区,这里聚集了一班工业生产业者。是吉隆坡早期的工业区之一。这里有许多汽车的展示厅同时也聚集了许多汽车零件 业者到此设立营业中心。其中包括宝马 (BWM), 丰田 (Toyota),本田 (Honda), 日产汽车 (Nissan) 等。产业面向泗岩末路 (Jalan Segambut),一条贯通古晋路 (Jalan Kuching) 以及怡保路 (Jalan Ipoh) 的主干公路。
Keladi Maju to go high-end with RM1.5b project By theedgeproperty.com | August 1, 2014 4:45 AM MYT
KUALA LUMPUR: Kedah-based property player Keladi Maju Bhd plans to build high-end properties on the 5.66ha prime land it is buying from Goh Ban Huat Bhd (GBH) in Mukim Batu, Segambut, confirming market talk that it will be making its maiden foray into the high-end residential market in its first venture in the Klang Valley.
Managing director Datuk Chuah Chin Ah said plans for the development are still in the very early stages, but affirmed that the land in Segambut carries a gross development value (GDV) of RM1.5 billion, and that Keladi Maju plans to undertake the project all by itself.
He was speaking to reporters after the group’s annual general meeting yesterday.
Keladi Maju, which is also a palm oil producer, has been in the limelight following its proposed acquisition of the GBH land for RM192.37 million. It made an announcement on this to Bursa Malaysia on July 2.
On July 24, its shares surged to a seven-year high of 42.5 sen on speculation that the company would venture into high-end properties. The counter closed 1.18% lower at 42 sen yesterday with 4.77 million shares changing hands, translating to a market capitalisation of RM318.5 million.
Asked if there would be more upcoming land deals, Chuah said: “We are always on the lookout for good land. If [it] comes with oil palm trees, then it will be better as it has recurring income from oil palm harvesting. There is no definitive term on the type of land that we are looking to acquire.”
The group’s chairman and non-independent non-executive director Tan Sri Tan Hua Choon said GBH is consolidating its assets but declined to reveal what GBH is planning to do next.
The transfer of land from GBH to Keladi Maju is part of an asset-unlocking exercise by Tan, who is a substantial shareholder in both firms.
GBH is paving the way for a reverse takeover (RTO) by Dynac Sdn Bhd to gain immediate access into the oil and gas industry. The deal would be partly financed by the proceeds gained from the sale of several pieces of land to Keladi Maju.
Apart from GBH and Keladi Maju, Tan also sits on the board of FCW Holdings Bhd, Marco Holdings Bhd and Jasa Kita Bhd.
Meanwhile, Chuah said Keladi Maju’s results for its second quarter ended July 31 (2QFY15) would be “comparable” with the previous corresponding quarter (2QFY14).
It raked in a net profit of RM6.36 million in 2QFY14, a drop of 5.44% from RM6.73 million a year earlier. Revenue dropped 37.31% to RM17.38 million from RM27.7 million a year ago. In a result note dated Sept 17, 2013, it said the decline in performance was mainly due to lower income recognition from property development and lower revenue from the sales of fresh fruit bunches. Its estimated revenue of RM58 million for FY15 is expected to be similar to what it made in FY14, said Chuah.
“We expect good take-up rates for our launches this year. We are very confident because most of our products are sold out. We will not be slowing down on our launches,” he added.
The estimated GDV of the group’s new launches for FY15 is about RM58 million. Chua said the group has launched projects worth some RM15 million to date; the remaining RM43 million will be launched in the near future.
That includes its new developments in Taman Desa Cinta Sayang and Taman Puteri in Kedah.
Taman Desa Cinta Sayang will have 455 single-storey medium-cost terrace houses, 152 shop houses, and a petrol station. Taman Puteri, with GDV of RM240 million, comprises 1,585 residential and commercial properties.
Keladi Maju currently owns 1,182 acres of estate land, 133 acres of vacant land and 167 acres of land under development.
This article first appeared in The Edge Financial Daily, on August 1, 2014.
6769 JKGLAND JKG LAND BERHAD 1st & Final Dividend 2% Single Tier
Entitlement Details: First and final dividend of 2% per ordinary share of RM0.10 each undersingle tier system
Entitlement Type: First & Final Dividend Entitlement Date and Time: 09/07/2015 05:00 AM Year Ending/Period Ending/Ended Date: 31/01/2016 EX Date: 07/07/2015 To SCANS Date: Payment Date: 30/07/2015 Interest Payment Period:
Thursday, 17 July 2014 JKG LAND (Keladi Maju) : From Kulim To KL In early July 2014, Keladi Maju announced that it has entered into an SPA to acquire 9 parcels of land in Mukim Batu, Kuala Lumpur from Goh Ban Huat (GBH) for RM192.4mil.
The 13.93 acres of land in Segambut consists of 6 parcels of freehold and 3 parcels of leasehold land. GBH's office, factories and warehouses currently sit on the land.
The purchase price should be about RM317 per sq ft. GBH is another listed company which mainly involves in ceramic products manufacturing and trading.Both GBH and Keladi have similar major shareholder & chairman which is Tan Sri Dato Tan Hua Choon. The purpose of the land sale by GBH is to partly fund its reversed takeover of Dynac to venture into Oil & Gas sector.As Keladi is mainly a property developer which has development projects only in Kulim, Kedah, the injection of land in the country's property hotspot is definitely very positive for the group.However, Keladi can't develop the acquired land in the near future, as it houses GBH's current operating facilities. Keladi has entered into a tenancy agreement with GBH to lease back the land & buildings to GBH at a rental of RM350,000 per month. The tenure is 2+1 years.
So it will be RM4.2mil pre-tax rental profit for Keladi. This is equivalent to 14% of its previous FY's PBT which seems not bad indeed. But, its FY14's interest income of RM4.1mil will be reduced substantially for sure, and it has to start to serve the loan interest afterwards.
It's likely that GBH will retreat from its ceramic business gradually and concentrate on its O&G venture.
As for Keladi, it has approximately 1,400 acres of land in Kulim district, where 667 acres of them is currently planted with oil palms. At the end of April 2014, Keladi's net assets per share stands at 35sen. Most of the lands are not revalued since 1990s. Development Mukim Acres Last Valued Padang Cina 515 1996 Naga Lilit 102 1999 Sg Ular 18.36 2001 Padang Meha 65 1994 Sg Seluang 23.25 2006 Sg Seluang 9 2006 Lunas 13.6 2010 Plantation Naga Lilit 667 1999
Keladi recent projects are Taman Lagenda near Padang Serai and Taman Kulim Square Indah near Kulim town. As at 31 Jan 2014, it has sold a total of 3,825 units of properties from these 2 projects, with nearly 100% take-up rate.
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....
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Posted by Ng Kai Yau > 2014-08-28 19:50 | Report Abuse
osk prop sold land in sg. petani to prima value at 550k a acre and as well get award the construction job for the housing. How much it worth for land keladi hold? Annual report stated it value at 50k a acre