KSL didn't pay dividends for 9 years, saving money to buy land to expand Land Bank!
#南马产业股KSL三高
KSL's stock price has doubled in 8 months since the results were released in August last year. Although it has increased quite a bit, the PE valuation is only 4.30 times. FY achieved 3 highs in fiscal year 2023, with a record high in turnover, a record high in net profit, and a record high in net cash.
The stock price has risen to a 9-year high, but it has also been almost 9 years since dividends have not been paid. Assuming they are willing to pay 25% of the profit, or 10 percent, as a dividend, the market should go crazy.
On April 30th, or today, KSL announced the purchase of 183.3323 land for RM211.58 mil. The location is Mukim Pulai, Johor Bahru. In the past six months, South Malaysia was the state with the strongest industry, and the big trend of data centers has also driven the South Malaysian economy, so the industrial sector is expected to continue to be driven.
I have always believed that if KSL were willing to pay a 5 point dividend, the valuation could be at least 6 times more. Management has the ability to distribute but doesn't, and shareholders can't do anything. Fortunately, investors who hold shares have earned quite a bit in stock prices over the past year. Mutual encouragement.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
投资座右铭：价值为主，技术为辅，心态之上
在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。
7976Followers
12Following
14KVisitors
Follow
102186319 : The arrival of AGM puts pressure on the boss.
Zooreal : Holding on for long term. Don’t know at which price should I top up