KSH Holdings

awful999

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radar on too. potential?

to me, fundamental still good and still trading below book value, earning, EPS better then last year and now is not even year end....


Just my personal view.
 
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TheIntelligentInvestor

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this one can buy? buy liao can huat??

Well, based on the reasoning and understanding of the earnings and fundamentals, i can only determine if the stock is undervalued and whether to buy or not. But that doesn't mean sure can make $$. Past 10 years, KSH has been consistently delivering good results and given out about 30% of earnings as dividend. This year div is 6.6%...which is quite good payout while waiting. :)
 
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endlssorrow

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my patience for this has already out.
sold out last year with profit and still high
now also drop till dont know where
 

Shion

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This construction company has a good two years ahead of it

This construction company has a good two years ahead of it

http://www.theedgemarkets.com.sg/sg/article/construction-company-has-good-two-years-ahead-it

SINGAPORE (Nov 15): UOB Kay Hian is maintaining its “buy” recommendation for KSH Holdings, after the construction and property development company was awarded a $139.1 million landmark contract.

UOB Kay Hian’s Edison Chen believes the contract is linked to Lendlease’s Paya Lebar Quarter, which has seven buildings, including residential units, 1 million sq ft of office space, and 340,000 sq ft of retail space. KSH is expected to be involved in the construction of the residential portion.

“The $139.1 million landmark contract will boost KSH’s orderbook significantly and we expect its involvement in this project would bring in more opportunities within the project compound and serve as testament to KSH’s construction capabilities,” said Chen in a note on Tuesday, adding that the project is expected to commence in Feb 2017.

Meanwhile, KSH’s construction order book currently stands at just $257 million at end Sept. However, Chen added that the group’s two-year term contract with the National University of Singapore would be worth about $200 million, and would provide the group with an underlying order book of over $450 million and an earnings visibility of up to two years.

Furthermore, during the quarter, the group managed to sell more of its property inventory and has now sold 94.2% of all its launched units, an improvement from the 92.9% in the previous quarter.

“[KSH] has a balance amount of shared revenue of about $227.5 million to be recognised, underpinning the group’s shared profits for the next two years,” explained Chen.

To recap, KSH Holdings reported earnings of $8.1 million in 2QFY17, a 62.5% decrease from 2QFY16, which Chen attributed to the lumpy earnings recognition in the previous corresponding quarter. Construction revenue had risen alongside higher margins and better cost management.

Chen also added that the group’s interim dividend of 1.25 cents were within expectation.

Shares in KSH Holdings are trading unchanged at 55 cents on Tuesday.
 

wahkao3

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Well, based on the reasoning and understanding of the earnings and fundamentals, i can only determine if the stock is undervalued and whether to buy or not. But that doesn't mean sure can make $$. Past 10 years, KSH has been consistently delivering good results and given out about 30% of earnings as dividend. This year div is 6.6%...which is quite good payout while waiting. :)

agreed. FA is good
TA is sideways

low risk mid return
wan to buy can buy.
 

wahkao3

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chiong 15% :eek:
no news

anyone bought? huat ah!
 
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starbugs

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It's the delayed reaction to the finalization of the sale of the units in Prudential Tower. Lian Beng and KOP also up. They all made a killing by flipping the property within 3 years.
 

wahkao3

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It's the delayed reaction to the finalization of the sale of the units in Prudential Tower. Lian Beng and KOP also up. They all made a killing by flipping the property within 3 years.

delay till now?!? market so slow meh? :s11:
 

starbugs

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So this is why.

KSH, Lian Beng, Heeton, Oxley shares on a tear after site of China's latest SEZ revealed
Source: TheEdge Markets | Publish date: Tue, 4 Apr 2017, 05:33 PM | >> Read article in News website
SINGAPORE (April 4): The share prices of KSH Holdings, Lian Beng Group, Heeton Holdings and Oxley Holdings sprung to life on Tuesday after news broke that a "1,000 year" Special Economic Zone (SEZ) would be sited right next to their joint-venture development in Hebei province.

Called the Sino-Singapore Health City, the development is located in Gaobeidian, some 82 km south-east of Beijing, and a stone's throw away from China's newest SEZ.

On April 1, the Chinese government announced that it would recreate the Xiongan new area, Xiongxian County in Hebei into a "1,000 year" SEZ, similar to that in Shenzhen and Pudong, Shanghai. Xiongan is 100 km south-east of Beijing.

Hordes of speculators promptly poured into the province such that the Hebei government had to halt property transactions in Xiongxian county on Sunday.

The Chinese press reported that resale properties that used to sell for RMB4,000 psm ($811 psm) in nearby areas in Hebei have doubled to RMB8,000 psm. Properties in Baoding, Hebei, were reported to be selling at RMB18,000 psm.

In 2014, Oxley Holdings, along with KSH, Heeton and Lian Beng formed a joint venture with a Chinese partner to develop the Gaobeidian project with an initial investment of RMB450 million.

Oxley originally had a 20% stake but raised it to 27.5%, and now holds the largest share in the project. KSH holds 22.5% while Lian Beng and Heeton holding 7.5% and around 5% respectively.

The project comprises a 393,335 sqm site and allowable gross floor area of 1,234,006 sqm.

KSH announced in its FY2016 annual report that construction for Phase One started in June last year and should complete in 24 months.

Phase One consists a 40,000 sqm commercial belt, 1,600 mass-market residential units estimated to be priced at RMB4,000 to RMB5,000 psm, and 1,450 high-end residential units estimated to be priced at RMB7,000 to RMB8,000 psm.

"We are launching Phase One soon," says Ching Chiat Kwong chairman of Oxley Holdings.

Analysts have estimated that the land price of the Sino-Singapore Health City have surged so much that its valuation is 120% the market cap of KSH at $278 million. By comparison, Oxley Holdings' market cap is $1.7 billion.

On Tuesday, shares of KSH closed 8.5 cents higher at 63.5 cents; shares of Lian Beng closed 7.5 cents higher at 61.5 cents; shares of Heeton closed 2 cents higher at 39.5 cents while shares of Oxley closed 2.5 cents higher at 58.5 cents.
 
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