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8 people like this. Diamond7 KUALA LUMPUR (Jan 26): RHB Investment Bank Research (RHB IB) has maintained its "overweight" rating on the real estate sector, identifying UEM Sunrise Bhd as the top proxy for the segment, with potential benefits extending to Sunway Bhd, IOI Properties and Eco World Development Group Bhd if significant railway infrastructure projects materialise in Johor. In a sector update on Friday, the research house said that if the government decides to proceed with the Johor Light Rail Transit (LRT) and Kuala Lumpur-Singapore High-Speed Rail (HSR) projects, it could boost demand for residential, commercial and industrial properties in Iskandar Malaysia in the coming years, leading to an increase in prices for strategically located parcels of land. https://theedgemalaysia.com/node/698664 26/01/2024 6:58 PM Superdaddy Kseng has and will become one of the most sought after land owners nearby JB. Cheers to an amazing year ahead!!! 26/01/2024 7:56 PM prudentinvestor Keck Seng has a lot of properties, mainly plantation and development land that have not been revalued since 1980. In its latest quarterly report, its NTA was stated as RM7.10. Its actual NTA could be several times higher. 26/01/2024 8:58 PM stockraider Kseng is a good co for privatization loh! In order to privatize, it need Rm 7.50 to privatize loh! 27/01/2024 6:24 PM prudentinvestor "In order to privatize, it need Rm 7.50 to privatize loh!" Keck Seng's directors would be laughing all the way to the banks if they could privatize it without revaluing its properties bought over 40 years ago. 28/01/2024 10:43 PM snowball2000 I am fine with them revaluing only partially and then taking it private, as long as the price is RM10 or above..... ;P 29/01/2024 11:19 AM prudentinvestor If one Keck Seng can change for one Maybank in addition to some extra money to spend, it is not a bad idea to accept. 29/01/2024 10:58 PM Superdaddy Positive retracement going on for further upside to clear some stale bulls. Cheers!!! 31/01/2024 10:07 AM Diamond7 https://themalaysianreserve.com/2024/01/30/iskandar-malaysia-kulim-high-tech-reshape-malaysias-real-estate-landscape/ Iskandar land assets.... 31/01/2024 11:40 AM prudentinvestor Minor correction along the way. I don't expect it to drop by more than 10% from its recent peak of 6.05. 31/01/2024 4:08 PM Diamond7 Wa! 5.66../5.67/5.68 Stocks cannot continuously up.. Hopefully coming quarterly report is excellent... 31/01/2024 6:05 PM prudentinvestor Keck Seng should distribute at least 50% of its earnings as dividends and let investors decide what to do with their money. Then its final dividend would be much much more than 9 cents. 31/01/2024 8:28 PM Diamond7 @ speakup Coming quarterly report end of February Should be good! Hopefully it's good! Hopefully come with 9 cents dividend! Agree with Superdaddy...only a healthy correction! 31/01/2024 10:23 PM Superdaddy Definitely sifu Raiders, it's such a deeply undervalued stocks indeed. Cheers!!! 01/02/2024 4:43 PM prudentinvestor I believe the correction should be over today. Soon Keck Seng would be on its way up again. 02/02/2024 9:39 AM Diamond7 Long term BULL Up ten cents Down 5 cents Long term...trending up! Can it touch 6.50/7.00/8.00/9.00/10.00 Or 20/30 Let's wait patiently Wait ten years! 02/02/2024 1:44 PM prudentinvestor Investors are puzzled why the company keeps so much cash for. If it doesn't know what to do with the cash, then it should distribute it out as dividends. 02/02/2024 9:30 PM speakup Many good hotels available for sale, provided the price is right. In the past few years we saw Ytl scooping up some hotels 02/02/2024 10:37 PM prudentinvestor If Keck Seng really wants to buy some hotels, it could have done so at the height of the pandemic when you could get them at fire sale prices. 03/02/2024 4:28 PM Superdaddy Need to shake off some tired bulls before proceeding further uptrend. Cheers!!! 06/02/2024 11:19 AM prudentinvestor Very, very few sellers around. Long term shareholders are unwilling to sell at this level. Offer at least RM10 a share to take it private. 07/02/2024 11:46 AM prudentinvestor Goodies could include a final dividend which is several times higher than last year's level or a bonus issue which the company hasn't declared for over 10 years. 07/02/2024 4:14 PM prudentinvestor Volume very low. Just a few sellers could push its price down to RM5.50 again or several million ringgit could push its price up to RM7. 09/02/2024 4:31 PM Diamond7 JOHOR BARU: Johoreans of all races must work together to achieve the state's vision to be developed by 2030, says Datuk Onn Hafiz Ghazi. The Johor Mentri Besar said the Year of the Dragon would be a good year for the state, especially with His Majesty Sultan Ibrahim, King of Malaysia, taking the reign as the Yang di-Pertuan Agong. "This year, we have all kinds of plans for Johoreans as we strive to realise our vision of making Johor a developed state by 2030. "Soon, the Rapid Transit System Link (RTS Link) will be completed, and we will also have a special economic zone (SEZ). These developments will bring positive growth to the state's economy. Positive developments in JB! Properties n industrial land will sell well! Good for KSeng! 11/02/2024 6:37 AM prudentinvestor Wonder how many had seized the opportunity to buy Keck Seng when it dipped below RM5.60 a week ago. 13/02/2024 12:31 PM Superdaddy Holding pretty well despite some continuous selling pressures. Cheers !!! 14/02/2024 11:11 PM prudentinvestor Should soon reach its record high of RM 7.97 set over 10 years ago. 15/02/2024 8:53 PM Superdaddy Holding pretty well despite some selling pressures fr impatient holders. Cheers for a great year ahead!!! 22/02/2024 6:22 PM Superdaddy Another great set of quarterly results fr Kseng. Net profit increased by 175pct compared to previous quarter with earning of 26cts per share. NTA standing at Rm7.62 . Will hold on firmly to this great company despite current selling onslaught. Cheers!!! 27/02/2024 5:27 PM prudentinvestor Gosh! Made so much money. Time to declare a dividend of over 30 sen a share and a bonus issue. 27/02/2024 6:11 PM prudentinvestor Read the notes to the 4th quarter report, management is very positive about this year's financial results. Conclusion : hold Keck Seng. 27/02/2024 8:21 PM prudentinvestor Those expecting a bumper dividend from Keck Seng might be disappointed when the quantum of final dividend is announced. 28/02/2024 11:08 AM Superdaddy Yes, as long as there's a reasonable dividend in such a tough business environment, will be great enough. Cheers!!! 29/02/2024 6:37 AM prudentinvestor Keck Seng has no dividend payout policy. It still made over 20 sen a share in 2019 but failed to pay the final dividend for that year when Covid 19 struck in early 2020. Keck Seng investors didn't receive any dividend payment for two years. Genting Berhad and Genting Malaysia lost hundreds of millions during the pandemic but they continued to pay dividends totaling more than 10 sen yearly to investors. 01/03/2024 9:35 PM Superdaddy No worries ya, believed 2024 onwards will be a much better years ahead for prudent investors in Kseng. Cheers!!! 02/03/2024 5:15 PM prudentinvestor With huge investments pouring into Johor Bahru and the opening of the RTS at end 2026, Keck Seng's property division is expected to do very well in the coming years. Whether these translate into better dividends or not is anybody's guess. 11/03/2024 10:28 AM Diamond7 The Johor Bahru property market is set for an upturn, with the announcements of new projects and government initiatives over the past quarters, according to KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan when presenting The Edge Malaysia | KGV International Property Consultants Johor Bahru Housing Property Monitor 4Q2023. The initiatives include the proposed Special Financial Zone (SFZ) and Special Economic Zone (SEZ); Rapid Transit System (RTS), with construction under progress; High-Speed Rail (HSR), which its revival is being discussed; Johor Bahru-Pontian Bridge, which is nearing completion; Gemas-Johor Bahru Double-Tracked Electrified Rail, which will be completed by 2025; and the preliminary conceptualisation of Light Rail Transit (LRT) from the private sector. Many large-scale foreign direct investments (FDI) in Johor had also been announced. In January, Minister of Economy Rafizi Ramli and Singaporean Minister for Trade and Industry Gan Kim Yong signed a memorandum of understanding to establish the proposed Johor-Singapore SEZ. KGV’s Tan suggests seven proposals for the Johor-Singapore SEZ: a passport-free QR code clearance system at customs on both ends; a digitalised process for cargo clearance; one-stop business/investment service centres in Johor to facilitate the application process for approvals and licences for Singapore businesses to set up companies in Johor; co-organising an investor forum to gather feedback; facilitating Malaysia-Singapore renewable cooperation; curating training and work-based learning initiatives to address talent and skill gaps for relevant industries; and developing joint events between Johor and Singapore to promote trade and investments. Tan explains: “These initiatives basically streamline processes and enhance communication across levels. Such collaboration facilitates both economies to complement and tap into the strengths of each other. The SEZ could be the model and platform for both countries to combine strengths and compete effectively in the region and globally. “Overall, the comprehensive and ambitious package of initiatives articulated in recent years have started to take shape and all the jigsaw puzzles are being pieced together. The economy and property market have started to heat up, after almost 12 long years since the last boom in 2012 to 2014.” 14/03/2024 4:39 PM Diamond7 KUALA LUMPUR, March 14 — The Johor-Singapore Special Economic Zone (JS-SEZ) joint agreement between Malaysia and Singapore is expected to be inked by the end of this year, according to the Economy Ministry. 18/03/2024 9:29 AM prudentinvestor Keck Seng's price movement has been quite lethargic since the beginning of February. Looks like consolidation could be over by now. 18/03/2024 5:05 PM | APPS I3 Messenger Individual or Group chat with anyone on I3investor MQ Trader View candlestick stock charts with Technical indicators MQ Affiliate Be rewarded by being an MQ Affiliate
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