Ksl Holdings Berhad

Special dividends can really boost a company's share price, especially for those with lots of cash and low CAPEX. Before the recent tax on dividends, $HLIND / 3301 (HONG LEONG INDUSTRIES BERHAD) paid out a special dividend, which helped its stock price soar. On the other hand, $KSL / 5038 (KSL HOLDINGS BERHAD), a company with a low P/E ratio of just 4.3, has seen its stock price stagnate because it hasn't paid any dividends, even though it is in the net cash position (But I didn't follow up its latest QR so I am not sure about its latest financial performance).

$SPSETIA / 8664 (S P SETIA BERHAD) $SIMEPROP / 5288 (SIME DARBY PROPERTY BERHAD) $UEMS / 5148 (UEM SUNRISE BERHAD) $IOIPG / 5249 (IOI PROPERTIES GROUP BERHAD) $KSL / 5038 (KSL HOLDINGS BERHAD)

$IOIPG / 5249 (IOI PROPERTIES GROUP BERHAD) $UEMS / 5148 (UEM SUNRISE BERHAD) $SUNWAY / 5211 (SUNWAY BERHAD) $SPSETIA / 8664 (S P SETIA BERHAD) $KSL / 5038 (KSL HOLDINGS BERHAD)

General Meetings: Outcome of Meeting

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

$AME / 5293 (AME ELITE CONSORTIUM BERHAD)
$CRESNDO / 6718 (CRESCENDO CORPORATION BERHAD)
$MAHSING / 8583 (MAH SING GROUP BERHAD)
$AXREIT / 5106 (AXIS REAL ESTATE INVESTMENT TRUST)
$KSL / 5038 (KSL HOLDINGS BERHAD)

$KSL / 5038 (KSL HOLDINGS BERHAD) $TROP / 5401 (TROPICANA CORPORATION BERHAD)

KSL Holdings Bhd is acquiring 183.33 acres of freehold land in Pulai, Johor from Tropicana Firstwide Sdn Bhd, Tropicana Rhythm Crest Sdn Bhd and Tropicana Desa Mentari Sdn Bhd for RM211.58mil.

PETALING JAYA: KSL Holdings Bhd is acquiring 183.3323 acres of freehold land in Pulai, Johor from Tropicana Firstwide Sdn Bhd, Tropicana Rhythm Crest Sdn Bhd and Tropicana Desa Mentari Sdn Bhd for RM211.58mil.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSPROPOSED ACQUISITION BY KSL MEDINI DEVELOPMENT SDN. BHD. (COMPANY REGISTRATION NO.: 201301044792 (1074615-X)), A WHOLLY-OWNED SUBSIDIARY OF KSL, OF ALL THAT PARCELS OF LANDS MEASURING APPROXIMATELY 183.3323 ACRES OF FREEHOLD LAND IN MUKIM PULAI, DAERAH JOHOR BAHRU, NEGERI JOHOR, FOR A TOTAL CONSIDERATION OF RINGGIT MALAYSIA TWO HUNDRED ELEVEN MILLION FIVE HUNDRED SEVENTY EIGHT THOUSAND SIX HUNDRED FORTY NINE AND SEN SIXTY FOUR (RM211,578,649.64) ONLY (PROPOSED ACQUISITION).

Syukur lah kesayanganku $KSL / 5038 (KSL HOLDINGS BERHAD)

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

$KSL / 5038 (KSL HOLDINGS BERHAD)

i love you $KSL / 5038 (KSL HOLDINGS BERHAD) breaks 1.6 today

johor theme leggo!
$KSL / 5038 (KSL HOLDINGS BERHAD)

Changes in Director's Interest (Section 219 of CA 2016) - KU EK MEI

Changes in Director's Interest (Section 219 of CA 2016) - KHOO LEE FENG

Change in Boardroom - MISS KHOO LEE FENG

Change in Boardroom - MR TAN KAI SENG

Change in Boardroom - MISS KU EK MEI

@portoftheyear
POTY for 2024: All in for 🏠

$EUPE / 6815 (EUPE CORPORATION BERHAD) 25%
$KSL / 5038 (KSL HOLDINGS BERHAD) 25%
$TAMBUN / 5191 (TAMBUN INDAH LAND BERHAD) 25%
$GLOMAC / 5020 (GLOMAC BERHAD) 25%

Mplus top picks 2024...

• The US GDP continues to grow, while inflationary pressure has been cooling off throughout the year. Thus, the market is pricing in at least 3 rate cuts for 2024.
• Overall external catalysts have been stabilising at least for the near term and investors should focus on domestic catalysts going into 2024.
• We expect infrastructure project could restart next year, while NETR and NIMP will provide decent growth. Besides, the Johor-theme could be emerging as a strong catalyst for 2024. Also, we like the data centre and tech-related investments.
• Given this setup, we expect there will be opportunities within the Construction, Building Materials, Property, Utilities, Technology as well as Consumer & Transportation, while Banking and Telco could be some defensive picks.

$AME / 5293 (AME ELITE CONSORTIUM BERHAD) $CCK / 7035 (CCK CONSOLIDATED HOLDINGS BERHAD) $KSL / 5038 (KSL HOLDINGS BERHAD) $SCGBHD / 0225 (SOUTHERN CABLE GROUP BERHAD) $SWIFT / 5303 (SWIFT HAULAGE BERHAD)

Quarterly rpt on consolidated results for the financial period ended 30/09/2023

KSL Holdings Bhd is acquiring freehold land measuring 72,820 sq m in Shah Alam, Selangor, from S P Setia Bhd for RM228.8mil.

KUALA LUMPUR: KSL Holdings Bhd is acquiring freehold land measuring 72,820 sq metres in Shah Alam, Selangor from S P Setia Bhd for RM228.80mil.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSPROPOSED ACQUISITION BY KSL BESTARI SDN. BHD. (COMPANY REGISTRATION NO.: 202301022739 (1516662-H)), A SUBSIDIARY OF KSL, OF APPROXIMATELY 72,820 SQUARE METERS OF FREEHOLD LAND IN MUKIM BUKIT RAJA, DAERAH PETALING, NEGERI SELANGOR, FOR A TOTAL CONSIDERATION OF RINGGIT MALAYSIA TWO HUNDRED TWENTY EIGHT MILLION AND EIGHT HUNDRED THOUSAND (RM228,800,000.00) ONLY (PROPOSED ACQUISITION).

I got some thoughts on technical research by Maybank Investment Bank:
*while reading you may refer to the pictures below as your reference.

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD)

Key takeaways:
1. RSI Breakout upward, indicating rising momentum.
2. The market price breaks above SMA-88 and able to maintain above the indicator.
3. The stock formed a new higher low before continuing its bullish trend.
https://cutt.ly/WwEurNzW Range: 0.695 – 0.705; Stop loss: 0.665; Estimated resistance: 0.745(r1) & 0.805(r2).

Maybank's estimated target for both loss and profit (r1) results in a risk/reward ratio of only 1.67x, which falls below the typical minimum acceptable ratio for traders, which is usually above 2x. However, traders may consider following Maybank's suggested spot stop loss and resistance levels in this stock, as it most likely comes from considering the recent gap up for the stop loss target and the last lower high formed on May 2-5 for the r1 level.

$PIE / 7095 (P.I.E. INDUSTRIAL BERHAD)

Key Takeaways:
1. After Maybank’s BUY on 7th September, the stock gained 10.1% to peak at 3.25 on 18th October.
2. The down was also capped at the SMA-88
3. Buy range: 3.06 – 3.08; stop loss 2.87; Estimated Resistance: 3.25(r1) & 3.55(r2)

The risk-reward ratio for this stock is even worse than that of HUP SENG, standing at 0.9x. Instead of buying the price in the range of 3.06-3.08, we may consider purchasing it in the range of 3.02 while waiting for the price to approach the support indicated by the EMA 50 or even wait for a price drop near the trend line support in the 2.96-3.00 range. This would result in a risk-reward ratio of 2.7-3.5x, following the stop loss and resistance levels estimated by Maybank.

$KSL / 5038 (KSL HOLDINGS BERHAD)

Key Takeaways
1. The downtrend channel is likely at the tail’s end as the stock staged a reversal move within the 50-day EMA line and the 61.8% FR level in early October 23.
2. Same as Hup Seng Industries, the RSI indicators show an upward breakout, suggesting rising momentum.
3. Buy Range: 1.09-1.11; stop loss: 1.01; estimated resistance: 1.21(r1) &1.35(r2)

In my opinion, the target resistance at 1.21 does seem reasonable because Maybank might be referring to the highest price on September 1, 2023. However, unfortunately, there is a strong trendline resistance that, in my view, the stock price needs to break through before it can reach the next resistance level at 1.21. Therefore, I believe we may need to wait for the stock price to break out above the resistance at 1.13-1.14. Only then, we can follow our respective trading plans to make it even safer.

As a continuation of the previous posting for $KSL / 5038 (KSL HOLDINGS BERHAD) and $PLENITU / 5075 (PLENITUDE BERHAD), the Property sector has benefited from the budget 2024 that was announced on 13th October, last Friday.

Firstly, the government's intention to make the MM2H program more accessible to foreigners is a notable development. However, as the specifics are still pending, a stricter MM2H regulation could potentially make it more challenging to apply for the program, limit opportunities for foreigners to reside, work, and invest in Malaysia, and introduce greater uncertainty and instability for current MM2H participants. Consequently, this news may bring to the opposite effect. You can refer to the current MM2H regulations provided below:

"• Those who are younger than 50 years old must have a minimum liquid assets of MYR1,500,000; a Minimum offshore monthly income of MYR40,000; and a fixed deposit account in Malaysia that contains at least MYR1,000,000
• Individuals who are 50 years or older must have a minimum liquid assets of MYR1,500,000; A Minimum offshore monthly income of MYR40,000; and a fixed deposit account with a Malaysian bank that contains at least MYR1,000,000
• Other requirements include: The annual visa fee is MYR500 and there will be a processing fee charged by immigration of MYR5,000 for the principal applicants plus MYR2500 for each dependent; the requirement to stay in Malaysia for 90 days"

Another important point is the allocation of RM10 billion to expand the Skim Jaminan Kredit Perumahan, which will enable 40,000 borrowers to purchase properties. This allocation is twice as much as the previous 2023 budget, which only provided RM5 billion for 20,000 borrowers.

Third, infrastructure projects like LRT 3 and Penang LRT can support the demand for property in certain areas in Malaysia. In this case, both projects are expected to have a significant impact on the property markets in the respective areas. LRT 3 will connect major residential and commercial areas in Klang Valley, while Penang LRT will connect the island's two major cities, George Town and Seberang Perai. As a result of these projects, property prices in areas near the LRT stations are expected to rise. This is because properties in these areas will become more desirable to buyers and tenants, due to the convenience and accessibility that the LRT provides.

Unfortunately, the implementation of the 4% flat rate stamp duty (previously tiered rate of 1-4%) on the Memorandum of Transfer by non-citizens and foreign-owned companies may negatively affect buying interest by foreigners marginally. However, this rate is still lower compared to other cities in other countries as shown in the picture.

So far, these are what I can conclude about the effect of budget 2024 on the property sector. Feel free to post your thoughts!

$KSL / 5038 (KSL HOLDINGS BERHAD) has been under observation since August 8, 2023, when it experienced a remarkable surge in trading volume, reaching 6.2 million. This sudden spike in activity signalled a potential shift in the stock's dynamics.

From August to September, KSL started its bullish trend from August to September with a 45.51% increase. This positive momentum was accompanied by a surge in trading volume, which reached its highest level since March 2021, peaking at 11.97 million. This increment hinted at a significant shift in investor sentiment and trading patterns.
However, approximately six weeks into this upward trajectory, KSL seemed to show signs of a possible trend reversal. Interestingly, this phase also appeared to be a consolidation period, indicating that investors were closely watching for the next move in the stock's performance.

Yesterday on November 11, KSL appeared to have broken out from the resistance trend-line at 1.10, forming a distinct bull flag pattern. According to the flag pattern theory, this breakout suggested the potential for another trend reversal, this time towards a bullish direction. In line with this pattern, the first target profit can be projected by measuring the distance equivalent to the size of the flag, setting a target price of 1.25 (target price 1). If there is sustained strong trading volume and buying power, a second target price can be determined by assessing the vertical distance between the high and low of the pole, with a target price 2 at 1.40 (target 2). To manage potential downside risks effectively, it's crucial to establish a stop loss within the range of 1.07-1.05 in accordance with the trendline support.

Moreover, it's worth noting that KSL operates in the property sector. From a fundamental perspective, the property sector emerged as the top-performing sector during the third quarter of 2023, as reported by @stockbitmy in this post https://cutt.ly/4wmHGC3u. Analysts have also pointed out that the property and construction sector was front and center of any discussions in advance of Budget 2024, which will be announced tomorrow 13th October.

*Please note that the information provided here is for educational and analytical purposes only, and it should not be construed as investment advice or a recommendation to buy or sell any securities. This is simply my perspective for study and discussion.

Johor Bahru Property Market is on the Rise!

https://cutt.ly/9wvX0JvQ

The completion of the Johor Bahru-Singapore RTS and a robust Singaporean dollar are driving up rental rates for properties and shopping centers in Johor Bahru's city center, rivaling those in the Klang Valley. Both RHB Investment Bank and Knight Frank Malaysia report rising interest in Johor's property market, fueled by these factors. Some high-rise property prices now match those in the Klang Valley, typically ranging from RM900 to RM1,100 per square foot. Land scarcity near the Johor Bahru-Singapore RTS has led developers to consider redeveloping older communities. Plans also include building 71,000 serviced apartment units, with 57% of the supply coming in the next 3 to 5 years. Singapore's high rental rates are boosting demand for rentals in Johor Bahru's city center, particularly at Mid Valley Southkey, a popular choice among Singaporean tourists. Additionally, major Johor shopping centers are approaching Klang Valley rental rates, with more landlords and tenants adopting turnover-based rental rates, a trend that has gained traction during the pandemic.

Several companies own properties in Johor Bahru, potentially leading to property value appreciation and additional income. These include Paradigm Mall under the ownership of $WCT / 9679 (WCT HOLDINGS BERHAD), KSL City Mall held by $KSL / 5038 (KSL HOLDINGS BERHAD), Aeon Mall Tebrau City owned by $AEON / 6599 (AEON CO. (M) BHD), and Mid Valley Southkey, which belongs to $IGBB / 5606 (IGB BERHAD).