KEN (7323)

Company Background

Ken Holdings Bhd is engaged in investment holding and the provision of management services. The company operates through three segments: Construction, Property Development, and Property Investment. The Construction segment offers specialist engineering services, turnkey contracts, building and civil and engineering works, land reclamation, dredging, and marine and civil engineering. The Property Development segment which drives major revenue engages in the development of residential and commercial properties. The Property Investment segment involves the rental of investment property and car park management.


Time to take a look into KEN

1. KEN is a privatization target due to:

i. Undervalued according to the valuation from Morning Star which gives KEN a fair value of RM 1.03

ii. Net cash company

iii. High NTA of RM 1.93

2. Total NOSH about 192m and it's 87% controlled by top 30 shareholders and out from the 87% two of the biggest shareholders already own about 49.2%

3. KEN has solid fundamentals which shows that privatization is indeed a good idea

4. Volume has been growing steadily and chart is moving upwards could potentially indicates something might be happening


That's all folks!!

All the best