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Hi guys,
Now that ECRL Reroute Stations have all surfaced ... MKH looks like A Top Beneficiary by Virtue of Its Huge Land Banks in Kajang - Semenyih region
Kajang is only 7km from Bangi which is less than 10 minutes away
Other Salient Factors are
1) MKH At Rm1.35 is Selling at at Huge 50% Discount to Net Assets of Rm2.70. Giving A Huge Margin of safety
And these are some interesting facts about Metro Kajang
Apart from Many Land Assets in Kajang - Semenyih MKH has 2 Shopping Complexes, a 3 Star Hotel, 4 parcels of commercial lands leased to two hypermarkets. 2 fast food restaurants & 4 offices.
These will give recurring income to pay dividends

2) SO STABLE IS MKH THAT PUBLIC BANK OFFICERS RETIREMENT FUND IS IN TOP 2ND HOLDER OF MKH
See Annual Report
3 Kenanga Nominees (Tempatan) Sdn Bhd Qualifier: Public Bank Group Officers’ Retirement Benefits Fund 34,553,134 5.967%
7 Public Invest Nominees (Tempatan) Sdn Bhd Qualifier: Public Bank Group Officers’ Retirement Benefits Fund 18,798,925 3.246%
Top 3 & 7 position go to Public Bank Group Officer Retirement Fund
SO GREAT IS THE TRUST TAN SRI TEH HOONG PEOW HAS IN  MKH THAT HE ENTRUSTED HIS STAFF"S FUTURE FINANCIAL WELL BEING  INTO THE HAND OF MKH MANAGEMENT

3) MKH ALSO DIVERSIFIED SUCCESSFULLY INTO OIL PALM CULTIVATION IN EAST KALIMANTAN
ABOUT 87,000 ACRES OF OIL PALM ARE GIVING OUT GOOD YIELDS
IT STILL HAS POCKETS OF RUBBER LANDS IN SEMENYIH...MANY ARE NOW BEING CONVERTED TO HOUSING ENCLAVES

4) MKH IS ALSO KNOWN TO REWARD SHAREHOLDERS WITH DECENT DIVIDENDS/RIGHTS/BONUS ISSUES

5) AND INSIDERS ARE ALSO SANGUINE ON ITS FUTURE BY BUYING MKH SHARES REGULARLY FROM OPEN MARKET


6) BUT THE BEST TRIGGER IS THE REROUTING OF ECRL TO HAVE A TRAIN INTERCHANGE  IN BANGI/KAJANG
KAJANG IS ONLY 7 KM FROM BANGI WHICH IS LESS THAN 10 MINUTES BY CAR FROM THE PLUS HIGHWAY
MKH ALREADY HAS AN MRT CONNECTING TO KL
SO NOW WITH THE ECRL STATIION AROUND EXPECT LOTS AND LOTS OF COMMUTERS TRAVELING SOUTH BOUND TO KAJANG/BANGI BEFORE BOARDING THE ECRL RAIL TO EAST COAST STATES OF PAHANG, TRENGGANU & KELANTAN
KAJANG WILL BOOM AND BOOM FOR YEARS TO COME
SO NOW IS OUR CHANCE TO BUY INTO THE GROWTH STORY BY TAKING UP POSITION IN MKH EARLY
AFTER ALL MKH STANDS FOR METRO KAJANG
METRO AS IN METROPOLIS WHICH MEANS A BIG CITY
AND MKH HAS THE LARGEST COLLECTION OF PRIME PRIME LANDS AND ASSET IN KAJANG

7) AT Rm1.35 NOW CALVIN HA A TARGET PRICE OF RM2.70 FOR MKH (ABOUT 100% UPSIDE)
THAT IS EQUAL TO ITS CURRENT NET ASSET PER SHARE OF RM2.70

BEST REGARDS

Calvin Tan Research
Singapore

Please buy or sell after doing your own due diligence

Further Note
The triple Support of
NTA (Selling at 50% discount)
EARNINGS (Lastest Qtr Earns 4.5 Sen
DIVIDEND (Propsed 3.5 Sen)

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2018

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2018
31 Dec 2017
31 Dec 2018
31 Dec 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue up 28%
267,846
194,291
267,846
194,291
2 Profit/(loss) before tax
41,060
28,024
41,060
28,024
3 Profit/(loss) for the period
30,013
17,500
30,013
17,500
4 Profit/(loss) attributable to ordinary equity holders of the parent
26,400
17,189
26,400
17,189
5 Basic earnings/(loss) per share (Subunit)
4.50
2.95
4.50
2.95
6 Proposed/Declared dividend per share (Subunit)
3.50
5.00
3.50
5.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
2.7200
2.6600

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
 
Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence



ARE ALL POSITIVE FOR MKH
AND NOW MKH SHARE PRICE IS STILL AT ALL TIME LOW OF RM1.35
AT ITS PEAK MKH TOUCHED RM4.00 A SHARE.
SO IF NOT NOW THEN WHEN?

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/202259.jsp
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