KSH Holdings

KSH Holdings

Postby winston » Wed Sep 28, 2011 9:00 am

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Singapore construction firm KSH Holdings said on Tuesday it had won a contract worth S$49.9 million ($39 million) to work on additions and alterations to Mount Alvernia Hospital in the city-state.

Source: Reuters
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Re: KSH Holdings

Postby winston » Fri Sep 21, 2012 9:06 am

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KSH Holdings: Earnings growth at deep value - upgrade to BUY

Summary: Due to a rapid sales pickup at a key project, Cityscape@Farrer Park, we now forecast for FY13 (ending Mar 13) earnings to surge 68%. Similarly, we expect FY14 earnings to increase 73%.

We see sustained earnings growth as a key price catalyst ahead, particularly as continued market liquidity seeks out deep value laggards like KSH (0.6x trailing PB, 3x FY13E PE).

We also note KSH has been actively buying back shares near current levels – which management views as severely undervalued – and has a mandate to purchase up to a quarter of its free float, with ample cash (S$53m) to do so.

Finally, we see a major re-rating as likely imminent given KSH’s transition, over the last two years, from a cash-hoarding contractor to an property player actively managing shareholders’ capital – deploying capital into accretive site acquisitions and returning excess cash via dividends and share buy-backs.

Upgrade KSH to BUY as our key small-cap conviction idea.

Our FV increases to S$0.50, from S$0.26 previously, as we lower the RNAV discount to 50% to reflect active capital management, better-than-expected real estate execution, and a still resilient construction order book.


Source: OCBC
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Re: KSH Holdings

Postby winston » Thu Mar 09, 2017 8:24 am

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Residential property developer KSH Holdings is also recommended as a “buy” consideration due to its valuations of 5x FY17 PE and 0.7x P/B.

The research house highlights that as of 3QFY17, KSH held cash positions of $70 million, which is 28% of its market cap.

Source: UOBKH
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Re: KSH Holdings

Postby behappyalways » Sat May 27, 2017 7:57 pm

KSH full-year earnings falls 33% to $41 mil
http://www.theedgemarkets.com.sg/ksh-fu ... -33-41-mil
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Re: KSH Holdings

Postby behappyalways » Sun Dec 03, 2017 5:59 pm

ksh-holdings-2q-earnings-halve-41-mil-lower-revenue
https://www.theedgesingapore.com/ksh-ho ... er-revenue
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Re: KSH Holdings

Postby behappyalways » Tue Feb 13, 2018 5:23 pm

KSH Holdings posts 3Q earnings increase 13% to $10.3 mil
https://www.theedgesingapore.com/ksh-ho ... 13-103-mil
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Re: KSH Holdings

Postby behappyalways » Mon Jun 25, 2018 4:00 pm

KSH Holdings posts 28% drop in FY18 earnings to $29.5 mil
https://www.theedgesingapore.com/ksh-ho ... gs-295-mil
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Re: KSH Holdings

Postby behappyalways » Thu Feb 14, 2019 7:52 pm

KSH Holdings posts 36% drop in 3Q earnings to $6.1 mil
https://www.theedgesingapore.com/ksh-ho ... ngs-61-mil
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Re: KSH Holdings

Postby behappyalways » Wed May 01, 2019 5:27 pm

KSH announces $55.4 mil construction contract win
https://www.theedgesingapore.com/ksh-an ... ntract-win
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Re: KSH Holdings

Postby behappyalways » Sun Jun 02, 2019 7:45 pm

KSH Holdings' FY19 earnings down 75% after changes to accounting treatment
https://www.theedgesingapore.com/ksh-ho ... -treatment
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