KSH Holdings

[kyle]

Just read a news that Beijing is going to move the municipal and tens of thousands of civil servants to Tong Zhou. This will be a good news for KSH holdings. Liang Jing Ming Ju 4 is in Tong Zhou; while Gao bei Dian is in btw BeiJing and Tong Zhou


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[slowandsteady]

KSH directors buying 4 units at High Park.

http://infopub.sgx.com/FileOpen/KSH%20An...eID=360880

[slowandsteady]

Some insights into the China projects for which info has been hard to come by.
Also useful updates on the status for local JVs.

http://infopub.sgx.com/FileOpen/KSH%20-%...eID=360904

[Shrivathsa]

Query from SGX on Trading activity :-

17% jump in share price.

Volume is very high, 1.5 Million Value.

Attached is the image of the spike in prices today.

Will be interesting to see the reasons for the jump

[Tiggerbee]

Query from SGX on Trading activity :-

17% jump in share price.

Volume is very high, 1.5 Million Value.

Attached is the image of the spike in prices today.

Will be interesting to see the reasons for the jump

Most likely short sellers kena short squeezed.

[ngcheeki]

Here is KSH response to SGX query. In short, the reply is 'Don't know' as the company only buyback less than 10% of the share


"The Company has conducted share buybacks today in respect of 265,000 ordinary shares in the share capital of the Company. The Daily Share Buy-Back Notice in relation to such share buybacks will be released via SGXNET today.
Save for the above, we are not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which, if known, might explain the trading."

http://infopub.sgx.com/Apps?A=COW_CorpAn...vity.2.pdf

[slowandsteady]

"The 30-storey Prudential Tower appears to be the best-selling strata office project on the market. The KOP Limited-led consortium, which bought 19½ floors from Keppel Reit last year, has about seven floors left to sell."

http://www.straitstimes.com/business/pro...tial-tower

Is there any way to verify that 12.5 out of 19.5 floors are sold, and what price it was transacted at? If it is true this is great news - the prices I can get from URA or through online articles are from $2750-3000 psf, which compares nicely against $2316 psf purchase price. It is a significant deal too as the cost for KSH's 28% stake is over 60% of their market cap.

[weii]

"The 30-storey Prudential Tower appears to be the best-selling strata office project on the market. The KOP Limited-led consortium, which bought 19½ floors from Keppel Reit last year, has about seven floors left to sell."

http://www.straitstimes.com/business/pro...tial-tower

Is there any way to verify that 12.5 out of 19.5 floors are sold, and what price it was transacted at? If it is true this is great news - the prices I can get from URA or through online articles are from $2750-3000 psf, which compares nicely against $2316 psf purchase price. It is a significant deal too as the cost for KSH's 28% stake is over 60% of their market cap.

Dear slowandsteady,
From the Straits Times news and URA caveats, most likely, 14 floors of Prudential Tower are yet to be sold. The reason why there are only seven floors left to sell may be that the consortium wants to keep some floors for rental income.

This is my best guess but I will wait to see if there are further URA caveats on Prudential Tower from Sep 15 onwards.

[LionFlyer]

Nice set of 1H2015 results.

Nett profit increase of 103%, to $33.3 million due to china projects

Special dividend of 0.3 cents + interim dividend of 0.0125 cents
Bonus shares 1 for 8 shares held. 

There had been steady buying for the last three weeks, pushing the share up. Somehow again, news seems to have leaked.

Vested.

[kyle]

Nice set of 1H2015 results.

Nett profit increase of 103%, to $33.3 million due to china projects

Special dividend of 0.3 cents + interim dividend of 0.0125 cents
Bonus shares 1 for 8 shares held. 

There had been steady buying for the last three weeks, pushing the share up. Somehow again, news seems to have leaked.

Vested.

Hope management can increase the final div too. 

Only 15.8m recognized from Liang Jing Ming Ju4. This is falling below my estimation.  From the table in Pg 15, it's 90% sold for residential units. I searched the china website and found it's fully sold already in Aug. Another 10% residential units yet to be recognized in the coming qrt. And it seems they haven't recognized the commercial units. 

" As at 30 September 2015, subject to cancellation of contracts, the Group has a balance amount of attributable share of progress billings to be recognised as sales revenue of approximately S$300.8 million from the above projects, the profits of which will be progressively recognised by the associates and joint ventures and contribute to the Group's results after 2QFY2016. "

Of these 300m unrecognized sales, ~200m is from High Park Residence, which is TOP in Nov 2018. Profit will drop in next two years before another bumper year in 2018.