KSH    Last:0.35   -

KSH Holding Value @ $0.50 Set to Rise

The Board of Directors (the &ldquo Board&rdquo ) of KSH Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company intends to release its financial results for the first half of FY2023 ended 30 September 2022 on 11 November 2022 (Friday) after the close of trading on the Singapore Exchange.

 

Joelton      ( Date: 27-Jul-2022 09:28) Posted: Euro-Asia Apartments sold to KSH Holdings&rsquo indirect subsidiary for S$222.18 million   AN indirect subsidiary of property firm KSH Holdings : ER0 0% has won the tender for Euro-Asia Apartments in Serangoon, which was put up for collective sale last month, according to an exchange filing on Tuesday (Jul 26).   KSH Ultra Unity (KSHUU), KSH&rsquo s indirect 49 per cent-owned associated company, won the bid for the 84-unit development at 1037 Serangoon Road at the purchase price of S$222.18 million.   This is slightly above the guide price of S$218 million, when the 10-storey block of apartments was put up for sale on Jun 1, its second attempt at doing so.   KSHUU is 36 per cent owned by H10 Holdings, while SLB Development owns 15 per cent, according to the filing.   The 56,476 square foot (sq ft) freehold site has a maximum allowable gross floor area of about 158,132 sq ft and an allowable plot ratio of 2.8. Completed in 1990, Euro-Asia Apartments is a 10-storey block comprising units ranging from 840 to 2,443 sq ft in size.   Brokered by SRI Capital Market, the transacted price translates to a land rate of S$1,313 per square foot per plot ratio (psf ppr), inclusive of bonus balcony area. No development charge is applicable.    KSHUU intends to redevelop the property into a new residential development with about 172 residential units, KSH said.   The purchase and proposed development will be financed by internal funds and borrowings, the company said, and are not expected to have any material impact on its financial results in the current financial year.   Low Choon Sin, managing partner of SRI Capital Market, said the tender was well-received, with interest from developers due largely to the property&rsquo s city-fringe location, accessibility to the Boon Keng MRT Station and the abundance of amenities in the mature neighbourhood.   &ldquo Currently, the balance inventory of new residential housing units within District 12 as well as the vicinity is running low. The sale of Euro-Asia Apartments is timely to allow the developer an opportunity to replenish their land bank as well as inject new housing units to meet rising demand from the market,&rdquo he said.

 

Euro-Asia Apartments sold to KSH Holdings&rsquo indirect subsidiary for S$222.18 million

 

AN indirect subsidiary of property firm KSH Holdings : ER0 0% has won the tender for Euro-Asia Apartments in Serangoon, which was put up for collective sale last month, according to an exchange filing on Tuesday (Jul 26).

 

KSH Ultra Unity (KSHUU), KSH&rsquo s indirect 49 per cent-owned associated company, won the bid for the 84-unit development at 1037 Serangoon Road at the purchase price of S$222.18 million.

 

This is slightly above the guide price of S$218 million, when the 10-storey block of apartments was put up for sale on Jun 1, its second attempt at doing so.

 

KSHUU is 36 per cent owned by H10 Holdings, while SLB Development owns 15 per cent, according to the filing.

 

The 56,476 square foot (sq ft) freehold site has a maximum allowable gross floor area of about 158,132 sq ft and an allowable plot ratio of 2.8. Completed in 1990, Euro-Asia Apartments is a 10-storey block comprising units ranging from 840 to 2,443 sq ft in size.

 

Brokered by SRI Capital Market, the transacted price translates to a land rate of S$1,313 per square foot per plot ratio (psf ppr), inclusive of bonus balcony area. No development charge is applicable. 

 

KSHUU intends to redevelop the property into a new residential development with about 172 residential units, KSH said.

 

The purchase and proposed development will be financed by internal funds and borrowings, the company said, and are not expected to have any material impact on its financial results in the current financial year.

 

Low Choon Sin, managing partner of SRI Capital Market, said the tender was well-received, with interest from developers due largely to the property&rsquo s city-fringe location, accessibility to the Boon Keng MRT Station and the abundance of amenities in the mature neighbourhood.

 

&ldquo Currently, the balance inventory of new residential housing units within District 12 as well as the vicinity is running low. The sale of Euro-Asia Apartments is timely to allow the developer an opportunity to replenish their land bank as well as inject new housing units to meet rising demand from the market,&rdquo he said.

 

 

KSH declared dividend 0.01 per security
With MOM measures to retain work permit holders for construction, shipyard and process sectors, this will benefit KSH as it will mean not only cheaper labour cost but importantly having manpower to complete their project which in turn contribute to their P& L.
Hope in months to come, KSH share px will move north.

 

https://links.sgx.com/1.0.0/corporate-announcements/M8SMD34UHOE0WB5A/b27dd4bd6ac3e5317138997822a49ca2abbfb9e018bea661252f37baed3b9860

if-only      ( Date: 25-Jun-2021 20:33) Posted: Big brother HO BEE LAND has been good to small brother KSH:  SH Holdings wins S$171.8m design and build contract for Biopolis Phase 6 -  It secured the contract from HB Universal, a wholly-owned subsidiary of mainboard-listed property developer Ho Bee Land https://links.sgx.com/FileOpen/KSH%20News%20Release%2024%20Jun%202021%20-%20Doubletree%20by%20Hilton%20London%20Kensington.ashx?App=Announcement& FileID=672259 SINGAPORE - 24 June 2021 - Heeton Holdings Limited, together with KSH Holdings Limited and Ho Lee Group Pte Ltd, are pleased to announce the opening of a new DoubleTree by Hilton hotel, in the exclusive London borough of Kensington and Chelsea. Formerly known as the Crowne Plaza London Kensington, the property was acquired in 2019 by the consortium comprising Heeton Holdings Limited, KSH Holdings Limited and Ho Lee Group Pte Ltd, and later refurbished and re-branded as the DoubleTree by Hilton London Kensington under a franchise agreement with Hilton. The hotel is managed by Heeton&rsquo s UKbased hospitality operations subsidiary, Heeton SG50. The re-branding of the hotel is a vital repositioning strategy for the post-pandemic tourism recovery. Driven by conversions, the DoubleTree by Hilton portfolio has expanded rapidly  across Europe since its introduction in 2001, and currently has more than 150 hotels in the region both trading and in the pipeline. Following the successful partnership between Heeton and Hilton on the development of the Hampton by Hilton Leeds City Centre in the UK, DoubleTree by Hilton was a strategic move for this prominent hotel given the combination of Hilton&rsquo s powerful brand recognition and extensive customer base of 115 million Hilton Honors members globally, and the hotel&rsquo s central London location. With over 615 upscale hotels and more than 142,000 rooms across 49 countries and territories, Hilton is widely regarded as the world&rsquo s leading hospitality group, and this collaboration with one of the most universally recognised hotel names is another milestone for the property and its stakeholders. Located in the exclusive London district of the Royal Borough of Kensington & Chelsea, the DoubleTree by Hilton London Kensington is within walking distance of many tourist attractions, landmarks and luxury shopping districts and benefits from excellent connectivity to Central London and London Heathrow Airport.   longterminvestor      ( Date: 24-Jun-2021 20:41) Posted: Heeton-led consortium announces opening of new DoubleTree by Hilton in London | The Edge Singapore

 

Big brother HO BEE LAND has been good to small brother KSH:  SH Holdings wins S$171.8m design and build contract for Biopolis Phase 6 -  It secured the contract from HB Universal, a wholly-owned subsidiary of mainboard-listed property developer Ho Bee Land

https://links.sgx.com/FileOpen/KSH%20News%20Release%2024%20Jun%202021%20-%20Doubletree%20by%20Hilton%20London%20Kensington.ashx?App=Announcement& FileID=672259
SINGAPORE - 24 June 2021 - Heeton Holdings Limited, together with KSH Holdings Limited and Ho Lee Group Pte Ltd, are pleased to announce the opening of a new DoubleTree by Hilton hotel, in the exclusive London borough of Kensington and Chelsea.

Formerly known as the Crowne Plaza London Kensington, the property was acquired in 2019 by the consortium comprising Heeton Holdings Limited, KSH Holdings Limited and Ho Lee Group Pte Ltd, and later refurbished and re-branded as the DoubleTree by Hilton London Kensington under a franchise agreement with Hilton. The hotel is managed by Heeton&rsquo s UKbased hospitality operations subsidiary, Heeton SG50. The re-branding of the hotel is a vital repositioning strategy for the post-pandemic tourism recovery. Driven by conversions, the DoubleTree by Hilton portfolio has expanded rapidly  across Europe since its introduction in 2001, and currently has more than 150 hotels in the region both trading and in the pipeline.

Following the successful partnership between Heeton and Hilton on the development of the Hampton by Hilton Leeds City Centre in the UK, DoubleTree by Hilton was a strategic move for this prominent hotel given the combination of Hilton&rsquo s powerful brand recognition and extensive customer base of 115 million Hilton Honors members globally, and the hotel&rsquo s central London location.

With over 615 upscale hotels and more than 142,000 rooms across 49 countries and territories, Hilton is widely regarded as the world&rsquo s leading hospitality group, and this collaboration with one of the most universally recognised hotel names is another milestone for the property and its stakeholders.

Located in the exclusive London district of the Royal Borough of Kensington & Chelsea, the DoubleTree by Hilton London Kensington is within walking distance of many tourist attractions, landmarks and luxury shopping districts and benefits from excellent connectivity to Central London and London Heathrow Airport.

 

longterminvestor      ( Date: 24-Jun-2021 20:41) Posted: Heeton-led consortium announces opening of new DoubleTree by Hilton in London | The Edge Singapore

 

Heeton-led consortium announces opening of new DoubleTree by Hilton in London | The Edge Singapore

 

This group operating a Double Tree franchise in London?

longterminvestor      ( Date: 24-Jun-2021 15:18) Posted: --- Post Removed by User ---

 

Accumulation ongoing still...

if-only      ( Date: 25-Apr-2021 19:22) Posted: Some one has been accumulating KSH Trade Date   Open Price Day High Day Low Closed Price Change % Volume Value Short Sell BuyBack Volume Volume 23/4/2021   0.375 0.375 0.370 0.375 - - 25,500 9,462 - - 22/4/2021   0.375 0.375 0.375 0.375 - - 3,500 1,312 - - 21/4/2021   0.375 0.375 0.370 0.375 -0.005 -1.3 104,700 38,878 - - 20/4/2021   0.380 0.380 0.380 0.380 - - 10,000 3,800 - - 19/4/2021   0.380 0.380 0.370 0.380 - - 542,600 204,201 - - 16/4/2021   0.370 0.380 0.370 0.380 0.005 1.3 70,500 26,219 - - 15/4/2021   0.370 0.375 0.370 0.375 0.005 1.4 20,000 7,421 - - 14/4/2021   0.365 0.370 0.360 0.370 - - 72,000 26,280 - - 13/4/2021   0.365 0.370 0.360 0.370 - - 274,400 100,658 - - 12/4/2021   0.370 0.370 0.360 0.370 - - 708,300 258,464 - - 9/4/2021   0.380 0.380 0.370 0.370 -0.010 -2.6 351,400 132,620 - - 8/4/2021   0.390 0.390 0.380 0.380 -0.010 -2.6 154,400 58,786 - - 7/4/2021   0.395 0.395 0.380 0.390 - - 552,100 214,034 - - 6/4/2021   0.385 0.400 0.380 0.390 0.030 8.3 3,302,000 1,271,195 - - 5/4/2021   0.360 0.360 0.355 0.360 - - 1,028,900 368,114 - - 1/4/2021   0.355 0.360 0.355 0.360 0.010 2.9 253,000 89,855 - - 31/3/2021   0.365 0.365 0.350 0.350 -0.015 -4.1 355,000 127,092 - - 30/3/2021   0.365 0.365 0.360 0.365 - - 138,900 50,050 - - 29/3/2021   0.365 0.375 0.360 0.365 0.010 2.8 1,111,300 403,165 - - 26/3/2021   0.340 0.355 0.335 0.355 0.015 4.4 651,300 226,917 - -

 

I heard somewhere that there may be a spin-off of its hotel properties (jointly  held with others) as a hospitality reit
in future (got to check this, just a rumour).
Dyodd.

ahberngh      ( Date: 30-May-2021 12:05) Posted: Not as bad as I feared. Losses due to hotel and impairments. Construction and development not doing badly. Also, not factored in aid from govt. I think KSH is well supported by its construction and development business. Once the hotel industry kicks off and covid is no longer an issue, it should chiong. In the meantime, just grit your teeth and tahan . Joelton      ( Date: 29-May-2021 14:41) Posted: KSH reports FY2021 loss of S$3.8m on dip in construction, impairment loss MAINBOARD-LISTED property firm KSH Holdings slid into the red for the financial year ended March 31, dragged by an over 30 per cent drop in its construction business and impairment loss on hotels and investment properties.   It reported a loss of S$3.8 million for the financial year 2021, versus net earnings of S$15.8 million for the previous year. Loss per share came to 0.67 Singapore cent, compared with earnings per share of 2.78 cents a year ago.   Excluding the S$12.8 million losses and impairments relating to valuation of hotels and investment properties, KSH would have reported a net profit of S$9 million, it said in results filed to the Singapore Exchange on Friday.   It raked in revenue of S$153.1 million, a 32.3 per cent year-on-year decrease from S$226.1 million. The firm attributed its lower revenue to a similar percentage decline in contribution from its main revenue driver - the construction business, which was hit by pandemic-induced slowdown in work progress and higher cost.   Other income rose 45.8 per cent from S$11.5 million in FY2020 to S$16.8 million in FY2021, mainly due to government reliefs.   Net asset value per share as at March 31 was 56.86 Singapore cents, marginally lower than 58.18 a year ago.   KSH has proposed paying a final dividend of one Singapore cent per share, lower than the 1.2 cents last year.   The order book stood at S$620 million for the group' s construction business as at March 31, while its property development business has over S$416 million of attributable share of progress billings to be recognised as sales revenue post FY2021.

 

Not as bad as I feared.
Losses due to hotel and impairments.
Construction and development not doing badly.
Also, not factored in aid from govt.
I think KSH is well supported by its construction and development business.
Once the hotel industry kicks off and covid is no longer an issue, it should chiong.
In the meantime, just grit your teeth and tahan .

Joelton      ( Date: 29-May-2021 14:41) Posted: KSH reports FY2021 loss of S$3.8m on dip in construction, impairment loss MAINBOARD-LISTED property firm KSH Holdings slid into the red for the financial year ended March 31, dragged by an over 30 per cent drop in its construction business and impairment loss on hotels and investment properties.   It reported a loss of S$3.8 million for the financial year 2021, versus net earnings of S$15.8 million for the previous year. Loss per share came to 0.67 Singapore cent, compared with earnings per share of 2.78 cents a year ago.   Excluding the S$12.8 million losses and impairments relating to valuation of hotels and investment properties, KSH would have reported a net profit of S$9 million, it said in results filed to the Singapore Exchange on Friday.   It raked in revenue of S$153.1 million, a 32.3 per cent year-on-year decrease from S$226.1 million. The firm attributed its lower revenue to a similar percentage decline in contribution from its main revenue driver - the construction business, which was hit by pandemic-induced slowdown in work progress and higher cost.   Other income rose 45.8 per cent from S$11.5 million in FY2020 to S$16.8 million in FY2021, mainly due to government reliefs.   Net asset value per share as at March 31 was 56.86 Singapore cents, marginally lower than 58.18 a year ago.   KSH has proposed paying a final dividend of one Singapore cent per share, lower than the 1.2 cents last year.   The order book stood at S$620 million for the group' s construction business as at March 31, while its property development business has over S$416 million of attributable share of progress billings to be recognised as sales revenue post FY2021.

 

 

Joelton      ( Date: 22-May-2021 14:23) Posted: KSH issues profit guidance on net loss for FY2021 on fair value adjustments due to pandemic PROPERTY group KSH Holdings announced after trading hours on Friday that it expects to report a net loss for FY2021, compared with a net profit of S$15.4 million for the financial year ended March 31, 2020.   The expected net loss for FY2021 is recognised after taking in losses from fair value adjustments of certain hotel properties held by the group' s associates and investment properties due to the ongoing Covid-19 pandemic, it said in its profit guidance.   The group added that the ongoing Covid-19 pandemic has also had an adverse impact on the group' s construction business in FY2021.   Further details of KSH' s performance will be disclosed when the company announces its unaudited financial results for FY2021 by May 28, 2021.

 

 

Bravo, this is a laggard.
About time for it to move up.
Half year result coming soon, hope it will be good.

if-only      ( Date: 25-Apr-2021 19:22) Posted: Some one has been accumulating KSH Trade Date   Open Price Day High Day Low Closed Price Change % Volume Value Short Sell BuyBack Volume Volume 23/4/2021   0.375 0.375 0.370 0.375 - - 25,500 9,462 - - 22/4/2021   0.375 0.375 0.375 0.375 - - 3,500 1,312 - - 21/4/2021   0.375 0.375 0.370 0.375 -0.005 -1.3 104,700 38,878 - - 20/4/2021   0.380 0.380 0.380 0.380 - - 10,000 3,800 - - 19/4/2021   0.380 0.380 0.370 0.380 - - 542,600 204,201 - - 16/4/2021   0.370 0.380 0.370 0.380 0.005 1.3 70,500 26,219 - - 15/4/2021   0.370 0.375 0.370 0.375 0.005 1.4 20,000 7,421 - - 14/4/2021   0.365 0.370 0.360 0.370 - - 72,000 26,280 - - 13/4/2021   0.365 0.370 0.360 0.370 - - 274,400 100,658 - - 12/4/2021   0.370 0.370 0.360 0.370 - - 708,300 258,464 - - 9/4/2021   0.380 0.380 0.370 0.370 -0.010 -2.6 351,400 132,620 - - 8/4/2021   0.390 0.390 0.380 0.380 -0.010 -2.6 154,400 58,786 - - 7/4/2021   0.395 0.395 0.380 0.390 - - 552,100 214,034 - - 6/4/2021   0.385 0.400 0.380 0.390 0.030 8.3 3,302,000 1,271,195 - - 5/4/2021   0.360 0.360 0.355 0.360 - - 1,028,900 368,114 - - 1/4/2021   0.355 0.360 0.355 0.360 0.010 2.9 253,000 89,855 - - 31/3/2021   0.365 0.365 0.350 0.350 -0.015 -4.1 355,000 127,092 - - 30/3/2021   0.365 0.365 0.360 0.365 - - 138,900 50,050 - - 29/3/2021   0.365 0.375 0.360 0.365 0.010 2.8 1,111,300 403,165 - - 26/3/2021   0.340 0.355 0.335 0.355 0.015 4.4 651,300 226,917 - -

 

Some one has been accumulating KSH

Trade Date		Open Price	Day High	Day Low	Closed Price	Change	%	Volume	Value	Short Sell	BuyBack
										Volume	Volume
23/4/2021		0.375	0.375	0.370	0.375	-	-	25,500	9,462	-	-
22/4/2021		0.375	0.375	0.375	0.375	-	-	3,500	1,312	-	-
21/4/2021		0.375	0.375	0.370	0.375	-0.005	-1.3	104,700	38,878	-	-
20/4/2021		0.380	0.380	0.380	0.380	-	-	10,000	3,800	-	-
19/4/2021		0.380	0.380	0.370	0.380	-	-	542,600	204,201	-	-
16/4/2021		0.370	0.380	0.370	0.380	0.005	1.3	70,500	26,219	-	-
15/4/2021		0.370	0.375	0.370	0.375	0.005	1.4	20,000	7,421	-	-
14/4/2021		0.365	0.370	0.360	0.370	-	-	72,000	26,280	-	-
13/4/2021		0.365	0.370	0.360	0.370	-	-	274,400	100,658	-	-
12/4/2021		0.370	0.370	0.360	0.370	-	-	708,300	258,464	-	-
9/4/2021		0.380	0.380	0.370	0.370	-0.010	-2.6	351,400	132,620	-	-
8/4/2021		0.390	0.390	0.380	0.380	-0.010	-2.6	154,400	58,786	-	-
7/4/2021		0.395	0.395	0.380	0.390	-	-	552,100	214,034	-	-
6/4/2021		0.385	0.400	0.380	0.390	0.030	8.3	3,302,000	1,271,195	-	-
5/4/2021		0.360	0.360	0.355	0.360	-	-	1,028,900	368,114	-	-
1/4/2021		0.355	0.360	0.355	0.360	0.010	2.9	253,000	89,855	-	-
31/3/2021		0.365	0.365	0.350	0.350	-0.015	-4.1	355,000	127,092	-	-
30/3/2021		0.365	0.365	0.360	0.365	-	-	138,900	50,050	-	-
29/3/2021		0.365	0.375	0.360	0.365	0.010	2.8	1,111,300	403,165	-	-
26/3/2021		0.340	0.355	0.335	0.355	0.015	4.4	651,300	226,917	-	-

 

Thanks SGYuan

 

chart show good potential 
now on w3 tgt 460
- px need to punch up 400

 

Actually, I stand corrected. The highest price KSH reached was 95c on 31 Oct 2017.
That was the highest it ever reached since its ipo on 8 Feb 2007.

ahberngh      ( Date: 07-Apr-2021 00:10) Posted: I beg to disagree. In the last 6 years or so (from 2016 until now), the highest KSH reached was 93c on 1 Oct 2017. That was during the excitement of Gaobeidian news. As for privatisation, I was never aware of that, so I can't say. But looking at the ownership structure of KSH, I don't think privatisation is a high probability. I can say this with some conviction because around that time I was (by my yardstick) heavily invested so I was following news on KSH closely. if-only      ( Date: 06-Apr-2021 21:53) Posted: KSH was at $1.00 on 17-July-2017 KSH potential privatisation was in the news since  2017. At current price, it is at its bottom level, is good time to load more. Todays volume crossed 3.3millions shares Trade Date   Open Price Day High Day Low Closed Price Change % Volume Value Short Sell BuyBack Volume Volume 6/4/2021   0.385 0.4 0.38 0.39 0.03 8.3 3,302,000 1,271,195 - - 5/4/2021   0.36 0.36 0.355 0.36 - - 1,028,900 368,114 - -

 

However, in the present environment, with a slew of low ball takeovers, who knows, maybe the 4 major shareholders may be planning a (low ball?) takeover with the current price so low.