Monday, March 08, 2010

Keck Seng

Resort World Singapore (RWS) is already up and running. It commenced business on 14 Feb 2010. According to reports in the media, it is now raking in millions of dollars daily (whether this is true or not is uncertain). Come April 27, 2010, Marina Bay Sands, also in Singapore, will commenced business. These two casinos will definitely boost the tourism industry of Singapore. Because of the close proximity of Iskandar Malaysia (IM) to Singapore, the IM is sure to benefit tremendously from these developments in Singapore.

We do have a master plan to develop the IM. But so far, it's all thunder and no rain; all talk and no action. Is there anything that is up and running; anything that we can be proud of to tell the world, so far? Time is of the essence and speed is everything. I think we have too many red tapes to deal with. If we want to achieve Vision 2020, please buck up. Time and tide wait for no man.

Keck Seng has no less than 10,000 acres of land in South Johor. The lands have not been revalued since 1980. Once they are revalued and the land value is unlocked, the price of Keck Seng will explode. I hold some shares in Keck Seng. I hope it will not be too long before Keck Seng reward its minority shareholders.