keladi has high EPS growth, 0.29 (average) and ROE is 0.09. this year is expected to hit on 0.17. it seems the management improve a lots.
my study is based on peter lynx theory.
but attracting point is keladi has a wisma in kedah, earning RM1.6 million every year for rental, this is passive income, contribute to its current FY, 4% of profit.
second point is keladi is planning to increase its biz margin in oil palm (great news). from current FY report, oil palm profit margin is 70% and property is 35%. so, oil palm is more profitable. currently, its revenue consists of 12% oil palm and 80% of property. anyway, from the past 3 years, they increase their margin in oil palm gradually and apply some land switch from property to plantation.if you study their revenue, revenue drops but net profit increase coz the oil palm margin is higher.
3rd point is keladi consider as “cyclic”, now is good time for property but maybe end in next two years. oil palm is different, i think oil demand will increase for at least another 5 years,due to crude oil price, weather change and population growth, shortage of land.
4th point, keladi core biz at Kulim,kedah. this help them with a unique market segment. i hope they do not come to KL, coz Klang valley is competative. Klang valley property company will never develop to kedah.so, keladi is monopoly there. if there is competitor go to kedah, they also have to buy land from keladi and joint venture with them.
5th point, keladi is having cash in hand nearly to RM30million and no long term debts. means they are net cash company. cash in hand per share is RM0.06 (after splits).you buy one unit and get rebate of cash up to RM0.06 per unit.
6th point, do not take figure from star online,they make mistake for keladi 1st Q result, it should be RM0.0046 and 2nd Q result is RM0.012. which mean recorded very well growing this year. half of EPS current FY is equal to
last year EPS already. they earn double times this year!
7th point, keladi only buy land for investing every 2-3 years. they operating profit is very stable, so, they enjoy net free cash flow every year.min is RM0.07 and max is RM0.32 per share.
finally, all about the price and figures. this year EPS is expected at RM0.03. buying price at RM0.24, PE is 7 (very low if compare to EPS growth 0.29). but after deduct EPS this year and cash in hand, actual PE is 4.31 !!!! their dividend is RM0.015 per share.
in addition, there is no fund manager invest and hold their share! coz keladi is a small local company at kedah.
http://finance.yahoo.com/charts#chart4:symbol=6769.kl;range=my;indicator=dividend+split+sma(200)+volume+rsi;charttype=line;crosshair=on;logscale=on;source=undefined
7 条评论:
on 7 JAN 08, bought in another 10000 units of keladi @RM0.215. Keladi declare 1sen interim dividend.
my average price of keladi is RM0.23.
so,the dividend yield is 4.35% before tax.If keladi declare 1sen again for final year, the dividend yield is around 8% after tax.
currently,its EPS is increasingly each quarter.
22 Jan 08,market sluggish badly. KLSE dropped 54 points while hong kong dropped 2000++ points. I bought in 5000 units of keladi @RM0.195. Really think it is cheap.
The dividend is 1 sen at 20 Feb.
total payment is RM 990.This is the 1st time that i used online buying.But it brought me a lots of problem. I am not happy with their connection.
so,i hold total of 25,000 units of Keladi and average price of RM 0.225 per unit now.
28 JAN 08, another sharp fall of market as hongkong and china market drops 4% and 8% respectively.
Keladi share price fall until RM0.19.
I bought in another 10000 units@ RM0.19.
so, i hold 35,000 units keladi @ average price of RM 0.215 per unit now.
i will receive dividend of RM259 (after tax). The return on cost of RM7525 is 3.4%.
22 Feb 2008
After knowing the background of Keladi management through Cari forum, i am having doubts in trusting them.So, i decided to sell.
I sold 25,000units@Rm0.16.I lost RM1375 on the price difference and comission of RM60.Total lost is Rm1435.
I sold my Keladi 10,000units @RM0.155 today.The money that i collected is RM1500 (cost=RM2150), I lost another RM650,include commission in this transaction again.
currently,i hold no Keladi. Finally, the nightmare ends.
:)
nic: 看了你的投资路..KELADI管理有什么问题?ROE和净收入都有增长啊!
gpa,keladi,fcw,pdz,marco,maica,jasakita。tun daim 时代的人物，和沙首长是abang adik，幕后一大班炒家，近来不知死去了那里。９０年代风云人物。很难有他的消息。股东大会他不来的。
陳x春这个人非常神秘，你不会在财经杂志看到关于他的访谈，也没这个必要。除非他在报章澄清一些事，也是废话来的。就算是神秘如VT也会出来打一下广告。我们投资一家公司就是要营运良好，bla，bla，bla之类的，还有就是透明度。老板一整年不露面你知道他在做什么？股东他大会不来你知道他在做什么？
他是老马时代的产物，当年和tun daim还有一些朋友帮忙挖空财库。是当年的股神之一。
来自于网友的讯息，可以自己查证。
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