Asset backing AT 7.77 Which is much higher than the present price . In fact its asset backing is much higher given her conservative valuation since its inception. Lands bought at 5k n below compared with the present valuation at 500k per hectare . It shall be 100x s or higher ! If traded 59x ,it shall be rm 50 per share !

Only revaluation will reveal how much is the worth of? 10k lands without the revaluation since the co bought the lands at 1-5k per acre n now it is worth at least 500k to a million per acre ! Just imagine the multiple effects to be gained once the mgt is thinking of unlocking its true values .

### Keck Seng (Malaysia) Berhad Overview

**Asset Backing Per Share and Cash Reserves Per Share**:
As of the latest financial reports, Keck Seng (Malaysia) Berhad has a total shareholders' equity of approximately MYR 2.79 billion. With 314.9 million shares outstanding, the book value per share is roughly MYR 8.86. Their cash reserves stand at around MYR 306.2 million, which translates to approximately MYR 0.97 per share [oai_citation:1,Keck Seng (Malaysia) Bhd, KSENG:KLS profile - FT.com](https://markets.ft.com/data/equities/tearsheet/profile?s=KSENG:KLS) [oai_citation:2,KSENG (3476), KECK SENG (M) BHD - Market Watch | The Star](https://www.thestar.com.my/Business/Marketwatch/Stocks?qcounter=KSENG).

**10k Acres of Land Bank and Potential Market Value**:
Keck Seng holds significant land assets primarily for oil palm cultivation and property development. While the exact market value of their land bank isn't explicitly stated, the company's diversified property investments and development projects contribute substantially to their overall asset base. The valuation would depend on factors like location, development potential, and market conditions.

**Possibility of Merger or Takeover in the Next 5 Years**:
While there is no concrete information on any immediate plans for a merger or takeover, the company's substantial asset base and diverse operations make it a potential candidate for such activities. The strategic decisions of major shareholders and market dynamics will play crucial roles in this regard. Historically, there have been no significant moves towards mergers or acquisitions, and the company's performance has been steady with consistent dividend payouts [oai_citation:3,KSENG Share Price: KECK SENG (MALAYSIA) BERHAD (3476)](https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=3476) [oai_citation:4,KSENG (3476), KECK SENG (M) BHD - Market Watch | The Star](https://www.thestar.com.my/Business/Marketwatch/Stocks?qcounter=KSENG).

For more detailed and updated information, reviewing the latest financial statements and market analyses from reliable financial news sources and the company's official releases is recommended.

Keck Seng (Malaysia) Berhad, a diversified company primarily involved in property investment and development, has several prospects for the future as we look ahead to 2025.

1. **Financial Performance**: Keck Seng's financial health appears strong, with a noticeable increase in stock value over recent years. The company reported solid earnings growth, with a significant positive trend in the first quarter of 2024. This suggests that the company is on a solid financial footing, which is promising for its future prospects [oai_citation:1,Keck Seng (Malaysia): Shareholders Board Members Managers and Company Profile | MYL3476OO008 | MarketScreener](https://www.marketscreener.com/quote/stock/KECK-SENG-MALAYSIA-20699151/company/) [oai_citation:2,Keck Seng (Malaysia): Company Events Publications and Financial Calendar | KSENG | MYL3476OO008 | MarketScreener](https://www.marketscreener.com/quote/stock/KECK-SENG-MALAYSIA-20699151/calendar/).

2. **Asset Value and Land Holdings**: A significant factor contributing to Keck Seng's future potential is its extensive land holdings, particularly in Johor Bahru. There is ongoing speculation and investor sentiment that the company might unlock substantial value from its land bank. If the company starts developing its land or sells it for high-value projects like data centers, the share price could see considerable appreciation. Estimates suggest the net tangible assets (NTA) could be much higher than the current share price, reflecting an undervaluation [oai_citation:3,KSENG (3476) Overview - KECK SENG (M) BHD | I3investor](https://klse.i3investor.com/web/stock/overview/KSENG).

3. **Market Sentiment**: Investor sentiment towards Keck Seng is mixed but generally optimistic. Some investors view it as a "hidden gem" with significant upside potential, particularly if management leverages its assets effectively. However, there are also concerns about management's ability to maximize shareholder value [oai_citation:4,KSENG (3476) Overview - KECK SENG (M) BHD | I3investor](https://klse.i3investor.com/web/stock/overview/KSENG).

4. **Economic Developments**: Regional economic developments, especially in Johor Bahru and potential projects related to the Johor-Singapore Special Economic Zone, could further boost the company's prospects. This development could increase demand for Keck Seng's industrial and residential properties [oai_citation:5,KSENG (3476) Overview - KECK SENG (M) BHD | I3investor](https://klse.i3investor.com/web/stock/overview/KSENG).

In summary, Keck Seng (Malaysia) Berhad has several positive indicators for the future, including strong financial performance, valuable land holdings, and potential regional economic growth. However, the realization of this potential will depend significantly on effective management and strategic decisions.

Keck Seng (Malaysia) Berhad is indeed considered a cash-rich company. As of recent financial reports, the company has maintained a significant net cash position. In 2022, Keck Seng had a net cash position of MYR 1.03 billion (approximately USD 219 million), which increased to MYR 1.1 billion (around USD 234 million) in 2023 .

The company operates in various segments including palm oil processing, property development, and hotel operations, both in Malaysia and internationally . Despite the volatility in some of its business segments, Keck Seng has consistently generated strong revenue and profit, reinforcing its financial strength .

Overall, Keck Seng’s robust cash reserves and diversified business operations contribute to its standing as a financially solid and cash-rich company on Bursa Malaysia.