KSH Holdings

[Sumeria]

Meanwhile, for the High Park Residences JV, assuming an estmated net profit of $200m, KSH and Heeton (each 20% share) are set to gain the following:

Heeton:about 12.3 ct per share
KSH: aout 8.8 ct per share

Main owner CES (60% stake) is set to boost earnings by 19.3ct per share.

I personally prefer CES and KSH's major owners and their management (acumen, generosity, etc), Heeton is going to benefit greatly from the High Park and GBD JVs on a per share basis because of its smaller base of issued shares.

[Terry]

May i know what NAV do you think KSH should be at today?

[Terry]

may i know the 1 to 4 bonus share when will give out? my CDP like doesn't reflect the quantity.

[ngcheeki]

may i know the 1 to 4 bonus share when will give out? my CDP like doesn't reflect the quantity.

Based on the following announcement, the Security Credit date is 28 July 2017.

http://infopub.sgx.com/Apps?A=COW_CorpAn...eadfe04bc6

[egghead]

The following announcement on 14-Jul says it will NOT be on 28-Jul and company will advise shareholders.

http://infopub.sgx.com/Apps?A=COW_CorpAn...d5d7835bf5

[Terry]

hi thanks for answering.
the Ex Date is 19/07/2017.
meaning I sell now also will get the bonus later when the date is announce ?

[cyclone]

Financial Results for the Financial Year Ended 31 March 2018 ("FY2018")

Highlights :
1. The Group had a total revenue of S$132.6 million for FY2018, a decrease of S$66.7 million or 33.4% compared to FY2017
2. Plans to launch four Singapore residential projects for sale in 2018
3. Construction order book remains strong at over S$542.0 million
4. Net decrease in cash and cash equivalents during FY2018 was S$76.9 million
5. Total borrowings increased by S$56.2 million from S$66.7 million as at FY2017 to S$122.9 million as at FY2018
6. Net asset value per share was 59.46 cent as at 31 March 2018
7. Proposes final dividend of 1.20 SGD cents, bringing FY2018 total dividend to 2.20 SGD cents.

More details in :
1. http://infopub.sgx.com/FileOpen/KSH%20Ho...eID=507982
2. http://infopub.sgx.com/FileOpen/KSH%20FY...eID=507983

KSH today closed at S$0.650 (-0.005).

[cyclone]

Proposed Disposal of Indirect Associated Companies

KSH Holdings Limited announced that its 28%-owned associated company, Epic Land Pte. Ltd. has executed a sale and purchase agreement  to dispose of the entire issued and paid-up share capital of its 6 wholly-owned subsidiaries ("Sale Companies") holding in aggregate a total of 7 strata office units in Prudential Tower (the "Properties") to a unrelated third party for an aggregate consideration to be determined based on the net asset value of the Sale Companies as at the completion date. The Sale Consideration will be computed on the basis that the value of the Properties is equivalent to S$130,068,000.

The Proposed Disposal is expected to have positive material impact on the net earnings per share or the net tangible assets per share of the Group for the current financial year ending 31 March 2019.

More details in http://infopub.sgx.com/FileOpen/KOP%20-%...eID=517503

[cyclone]

Awarded Construction Contract and Update of Order Book

KSH Holdings Limited announced that the Company’s wholly–owned subsidiary, Kim Seng Heng Engineering Construction (Pte) Ltd ("KSHEC"), has been awarded a S$53.8 million construction contract, expected to commence in August 2018 with completion expected in 2020.

Including a letter of intent received by KSHEC from a 35%-owned associated company of the Group for a construction contract to be awarded with a contract sum of approximately S$266.3 million as disclosed in the Company’s previous announcement dated 10 November 2017, the award of this contract has lifted the Group’s construction order book in Singapore to over S$560 million. The order book is expected to contribute to the Group’s financial results up to FY2021.

[Terry]

How do u guys valuate this company? Base on nav is very not attractive compared to peers