【KSENG 3476 交流专区】激成

looilooi

回复 104# c56733


    我想请问现在已近五月尾了，为什么还没公布业绩呢？

c56733

回复  c56733


    我想请问现在已近五月尾了，为什么还没公布业绩呢？
looilooi 发表于 25-5-2010 06:27 PM

激成都是最后几天才公布的。
这两、三天应该就会公布了！

典型宅男

睡了

是哭是笑都看明年了。。。

kplu

lower profit

c56733

SUMMARY OF KEY FINANCIAL INFORMATION

31/03/2010

		INDIVIDUAL PERIOD	CUMULATIVE PERIOD
	CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2010	31/03/2009	31/03/2010	31/03/2009
		$$'000	$$'000	$$'000	$$'000
1	Revenue	239,375	214,570	239,375	214,570
2	Profit/(loss) before tax	19,162	23,116	19,162	23,116
3	Profit/(loss) for the period	14,888	15,940	14,888	15,940
4	Profit/(loss) attributable to ordinary equity holders of the parent	13,843	15,244	13,843	15,244
5	Basic earnings/(loss) per share (Subunit)	5.78	6.37	5.78	6.37
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		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 ($$)	6.9400		4.9800

slutodomo

Keck Seng激成公布了Q12010report,nav=6.94!!
http://readforalife.blogspot.com ... 10reportnav694.html
Keck Seng激成公布了Q12010report,这次的notes必须非常详细的阅读。公司开始adopt 了FRS101,139.

EXPLANATORY NOTES PURSUANT TO FRS 134
A1. Basis of Preparation
The interim financial statements of the Group are unaudited and have been prepared in accordance with FRS 134, Interim Financial Reporting and paragraph 9.22 of the Listing Requirements of Bursa Malaysia Securities Berhad.

The interim financial statements should be read in conjunction with the audited financial statements for the year ended 31 December 2009. These explanatory notes attached to the interim financial statements provide an explanation of events and transactions that are significant to an understanding of the changes in the financial position and performance of the Group since the year ended 31 December 2009.

The significant accounting policies adopted by the Group in this interim financial statement are consistent with those adopted in the financial statements for the year ended 31 December 2009, except for the new and revised FRSs, IC Interpretations and Amendments to FRSs and IC Interpretation which are applicable to its financial statements and effective from 01 January 2010.

The adoption of the new standards and interpretations did not have any significant impact on the financial statements of the Group except for the adoption of FRS 101 (revised) – Presentation of Financial Statements and new FRS 139 Financial Instruments: Recognition and Measurement as set out below:

FRS 101 (revised): Presentation of Financial Statements

Prior to the adoption of the revised FRS 101, the components of the financial statements presented consisted of a balance sheet, an income statement, a statement of changes in equity, a cash flow statement and notes to the financial statements. With the adoption of the revised FRS 101, the components of the interim financial statements presented consist of a statement of financial position, a statement of comprehensive income, a statement of changes in equity, a statement of cash flows and notes to the financial statements.

The gains and losses in the preceding year corresponding period that were previously recognised directly in equity are now presented as components in other comprehensive income in the statement of comprehensive income. The total comprehensive income for preceding year corresponding period is presented separately and allocation is made to show the amount attributable to owners of the parent and to non-controlling interests.

The effects on the comparatives to the Group on adoption of FRS 101 are as follows:


For the period ended
31 March 2009 Income Statement
As previously reported
RM’000 Effects of adopting FRS 101

RM’000 Statement of comprehensive income
As restated
RM’000
Profit for the period 15,940 - 15,940
Other comprehensive income - 11,610 11,610
Total comprehensive income - 27,550

Total comprehensive income attributable to:
Owners of the Parent - 26,381
Non-controlling interest - 1,169
27,550
FRS 139, Financial Instruments: Recognition and Measurement
The adoption of FRS 139 has resulted in a change in the accounting policy relating to the recognition and measurement of other investments and derivative financial instruments.

Other investments

Prior to 1 January 2010, other investments were stated at cost lest any diminution in value of the investments which was charged to the income statement. With the adoption of FRS 139, other investments not held for trading are classified as available-for-sale investments. Available-for-sale investments are initially recognised at fair value plus transactions costs. Difference between the investment cost and fair value at initial recognition and subsequent changes of the fair value are recognised as fair value reserve in equity.

Derivative financial instruments

Prior to 1 January 2010, derivative financial instruments were not recognised in the balance sheet. With the adoption of FRS 139, the derivative financial instruments are initially recognised at fair value on the date the derivative contract is entered into and subsequently re-measured at fair value at balance sheet date. Any gains or losses arising from changes in fair value on derivative financial instruments that do not qualify for hedge accounting are taken directly to the income statement.

Effects of Adopting FRS 139

The above changes in accounting policy have been accounted for prospectively and in accordance with the transitional provisions for first-time adoption of FRS 139, available-for sale investments and derivatives financial instruments have been re-measured at fair value at 1 January 2010.

Effects on opening balances as at 1 January 2010 and current period ended 31 March 2010 are as follows:-

Fair Value Retained
Reserve Earnings
Effects on Opening Balances RM'000 RM'000

At 01/01/2010, as previously stated - 913,819
Effects of adopting FRS 139
Fair value gain on available-for-sale investments 427,292
Net gain on derivative financial instruments 2,674
At 01/01/2010, as restated 427,292 916,493

Effects on current period as at 31/03/2010

Fair value gain on available-for-sale investments 39,343
Net gain on derivative financial instruments 2,337

公司将之前我们讨论的QUOTED SECURITIES 归纳AVAILABEL FOR SALES,MARK TO MARKET VALUE.所以你可以看得到，NAV起了那么多！

再看看B3
(b) The total investments in quoted securities as at 31/03/2010 are as follows:

RM'000
i) Total investments at cost 237,176
ii) Total investments at carrying value/book value 700,132
iii) Total investments at market value at end of
reporting period 700,132

700,132,000已经反映在BALANCE SHEET 了。不过其实它是LIQUID ASSET,应该是CURRENT ASSET 才对。

之前没有的DERIVATIVE也出现了。
As at 31 March 2010, the Group has the following outstanding derivative financial instruments:

Contract Fair Fair Value
amount value net gain/(loss)
Type of derivatives RM'000 RM'000 RM'000

Currency forward contracts
- less than 1 year 101,860 95,178 6,682

注意它的Material Litigation
(a) On 5th March 2008, the Special Commissioners found in favour of Inland Revenue Board in
respect of the appeal by a subsidiary against the revised assessments amounting to
RM14,879,000 relating to the exchange of the subscription of Class C Shares for golf memberships upon rescinding the licensing agreements. The subsidiary is not agreeable to the judgment and its appeal on a Case Stated to the High Court is pending. In the mean time, the total amount was paid when the Inland Revenue Board refused to extend the time for the tax to be stood over.

(b) A Statement of Claim seeking damages amounting to CAD 10 million (approximately RM 32 million) had been served on a foreign subsidiary. The claimant who is the Lessee claimed 50% share of the ‘stopover’ parking revenues from 1998 to 2009 and the subsidiary will defend the claim.

最后，看看MANAGEMENT对于这个Q1的看法。
In spite of the increase in revenue in the current quarter from the manufacturing segment resulting from higher quantity and price of refined oil, the Group registered a lower profit as compared to the preceding quarter. The lower profit is due to lower contribution from the manufacturing and the property development segments.
The higher Group’s revenue in the current quarter as compared to the same period last year is mainly due to higher price of refined oil sold in the current quarter. However, the Group’s profit is reduced due to negative refining margin and weakening of USD against ringgit.
B10. Prospects
The hotel, manufacturing, plantation and property segments have contributed significantly to the Group results in 2009. Contribution from the hotel segment in 2010 is expected to be lower than 2009 due to renovations to be carried out in the second half of 2010. FFB production is expected to be lower due to replanting and the El Nino effect. FFB price is expected to be better than 2009 as CPO price is expected to be bullish. For the property segment, profit margin will be affected by strong competition, higher material costs, shortage of labour and surplus supply of housing units in the surrounding areas. The manufacturing segment is expected to operate in a difficult environment due to negative refining margin and fluctuation of foreign currencies.

Therefore, the Board expects 2010 to be a challenging year.

管理层已经表明今年下半年会有装修了，就等等再继续买入吧。

Dragonbleu6860

看起来许多人已经上车鸟

小小天边

这股管理层很吝啬。即使公司财产再多也不舍得分出来的。
不过迟早会给，如果你够长命。

greenyearn

Kseng 最新业绩, frs39的impact后,nta 从4.98 升到6.94. 今天在4.83上车了. 希望值回票价.

dknl9988

土地变卖已经完成 !! 等着吧 !!

treng87

可以把link post 上来吗? 希望这次是真的

vanila3

kseng up already...wait so long time liao....

vanila3

today y up so fast, have any news from kseng?

slutodomo

What is the impact if Keck Seng sell Parkway Holdings shares??
http://mystockfolio.blogspot.com ... keck-seng-sell.html

The announcement is made in today. Refer to the pdf for details. Here's what I extract out from there.

4.0 EXPECTED GAIN IN THE EVENT OF DISPOSAL OF ALL THE PARKWAY SHARES
KSM and KSI are the beneficial owners of 35,203,468 and 379,750 Parkway shares
respectively. The combined cost of investment of their 35,583,218 Parkway Shares is
RM67.3 million or RM1.89 (S$0.82) per share.
The Board at this juncture has not decided whether or not to dispose of the Parkway
shares pursuant to the two (2) offers.
However, assuming KSM and KSI were to accept the Cash Offer by RHC Healthcare for
all their Parkway shares at S$3.80 per share, the expected gain arising from the disposal would be RM245.0 million.
The above calculation assumes a Singapore Dollar to Malaysian Ringgit Exchange rate
of 2.31

7.1 EPS, Net Asset per share and Gearing
The Board at this juncture has not decided whether or not to dispose of the
Parkway shares pursuant to the two (2) offers.
However, in the event KSM and KSI were to fully dispose of all their Parkway
shares at S$3.80 per share, and based on the audited consolidated financial
statements of the KSM Group as at 31 December 2009 assuming the disposal was
effected on that date, the pro forma effects on the EPS, Net Asset per share and
gearing (defined as bank borrowings over total equity) are set out as follows:-
Audited as at
31 December 2009
After the Disposal
EPS (RM) 0.42 1.44
Net Asset per share (RM) 4.98 6.01
Gearing (percentage) 1.82% 1.53%
It should be highlighted that with effect from 1 January 2010, KSM has adopted
FRS 139, pursuant to which KSM has taken into its books of account its
investment in Parkway shares based on the market value as at the relevant

kplu

土地变卖已经完成 !! 等着吧 !!
dknl9988 发表于 15-6-2010 03:24 PM

Brainless people talking.........

vanila3

keep it...

alenet

总有一天等到你。。。

toyo18

这股收个10年准没错,目标能赚个200%回酬！

REDON

最近在看着这股，股价也回落了~~前天在city square看到了激成的产业介绍，也引起了我对他的兴趣~~

jenefer

can rise ??