7 things I learned from the 2019 Supermax AGM - Shak Chee Hoi
Author: Tan KW | Publish date: Fri, 10 Jan 2020, 9:02 AM

By Shak Chee Hoi on January 10, 2020

Established in 1987, Supermax Corporation Berhad manufactures, distributes, and sells natural rubber and nitrile gloves. The company started off trading and distributing natural rubber gloves and subsequently ventured into glove manufacturing and contact lens manufacturing in 1989 and 2014 respectively. It currently owns 12 glove factories and exports gloves to over 165 countries.

I came across an article that discusses how the founder, Dato’ Seri Stanley, his wife, Datin Seri Cheryl Tan Bee Geok, and his sister-in-law, Tan Bee Hong, were found guilty of insider trading in 2018 and are appealing their sentences. The couple was also disqualified from the board. I was curious about the performance of the company without its founder at the helm, and I decided to attend its annual meeting to find out more.

Here are seven things I learned from the 2019 Supermax AGM:

1. Revenue improved 17.9% year-on-year from RM1.3 billion in 2018 to RM1.5 billion in 2019. The breakdown of 2019 revenue by region is as follows:

Supermax’s glove portfolio comprises 70% own-brand gloves and 30% original equipment manufacturing (OEM) gloves. It manufactures nitrile and natural rubber gloves on a 60:40 ratio. 90% of its gloves are sold to the medical segment.

2. Minority Shareholder Watch Group (MSWG) also questioned the appropriateness of Supermax’s founder, Dato’ Seri Stanley Thai, of attending an analyst and media briefing in September 2019 as he is no longer a board member. Chairman Albert Saychuan Cheok added that Dato’ Seri Stanley is no longer involved in the day-to-day management and operations of the company, and Supermax is likewise not involved in the personal court case that the founder is currently facing. It was not clearly mentioned how the founder could still make his way to the briefing though it was not intended for him to be there. Cheok alluded that analysts and media still depend on and trust the founder for information related to Supermax. It can be seen that the founder still exerts some degree of influence over Supermax as he was still bombarded with questions and surrounded by a number of shareholders at the end of the AGM.

3. Supermax has spent about RM100 million in the contact lens segment as of November 2019, while total revenue contribution from the segment remained small at about 2%. Executive director Cecile Thai (the founder’s daughter) added that Supermax has an existing annual manufacturing capacity of 70 million lens with a 60% focus on OEM. Its utilisation rate stood at 60% in 2019. The company is looking to grow in the U.S., Japan, and Eastern Europe. The global and U.S. contact lens market stands at US$12 billion and $5 billion respectively. They have budgeted RM15 million for the near future for marketing and advertising instead of adding more manufacturing capacity.

4. In 2019, the utilisation rate of its glove manufacturing plants stood at about 75% and will further increase to 90% upon the completion of the plant expansion by 2020. Supermax has budgeted RM1.1 billion to be spent over the next five years as capital expenditure to improve operational efficiency and productivity.

5. MSWG noted the 50.7% year-on-year increase in other operating expenses to RM202.7 million in 2019. Cheok shared that the increase was due to the hike in utility costs particularly natural gas. Supermax would also consider sourcing energy from biomass to reduce the reliance on natural gas in the future. In a separate question from MSWG, he answered that two executive directors were paid in U.S. dollars as they are operationally based in the U.S.

6. The chairman views that the U.S.-China Trade War is a zero-sum game for all. Due to the higher tariffs in the U.S., the Chinese glove manufacturers divert their products at cheaper prices to other regions like Europe. Because of this, Supermax may gain more revenue from the U.S. in the short term but will face fiercer competition in the Europe.

7. The chairman painted a long-term picture and asked shareholders to ignore the short-term noise when a shareholder pointed out Supermax’s share price had been going south for more than a year: ‘I assure you, my dear investors, Supermax is on an upward track. We hope not just to be second best, we will be the top glove and lens manufacturer in the world one day. That’s our commitment, our promise to shareholders.’ While it’s good to see optimism from the management, no definite timeline was laid down and it remains to be seen if Supermax would achieve the chairman’s stated goals.

badly undervalued too

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
29/11/2019 1.40 2.09 +0.69 (49.29%) BUY MIDF
29/11/2019 1.40 1.75 +0.35 (25.00%) BUY KENANGA
29/11/2019 1.40 1.70 +0.30 (21.43%) BUY AffinHwang
28/11/2019 1.41 1.80 +0.39 (27.66%) BUY BIMB

undervalued badly :)

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
23/12/2019 1.10 1.57 +0.47 (42.73%) BUY AmInvest
20/12/2019 1.11 1.45 +0.34 (30.63%) BUY RHB-OSK
20/12/2019 1.11 1.20 +0.09 (8.11%) HOLD KENANGA
20/12/2019 1.11 1.16 +0.05 (4.50%) BUY AmInvest

director also beli non-stop

MR DING LIEN BING 06-Jan-2020 Acquired 100,000 - View Detail
MR DANG TAI HOCK 06-Nov-2019 Acquired 776,800 - View Detail
MR DANG TAI LUK 06-Nov-2019 Acquired 776,800 - View Detail
MR DANG TAI WEN 06-Nov-2019 Acquired 776,800 - View Detail
MR DANG TAI HOCK 16-Oct-2019 Acquired 1,000,000 - View Detail
MR DANG TAI LUK 16-Oct-2019 Acquired 1,000,000 - View Detail
MR DANG TAI WEN 16-Oct-2019 Acquired 1,000,000 - View Detail
MR DANG TAI HOCK 01-Oct-2019 Acquired 1,283,800 - View Detail
MR DANG TAI LUK 01-Oct-2019 Acquired 1,283,800 - View Detail
MR DANG TAI WEN 01-Oct-2019 Acquired 1,283,800 - View Detail
MR DANG TAI HOCK 22-Jul-2019 Acquired 410,600 - View Detail
MR DANG TAI LUK 22-Jul-2019 Acquired 410,600 - View Detail
MR DANG TAI WEN 22-Jul-2019 Acquired 410,600 - View Detail
MR DANG TAI HOCK 02-Jul-2019 Acquired 250,000 - View Detail
MR DANG TAI LUK 02-Jul-2019 Acquired 250,000 - View Detail
MR DANG TAI WEN 02-Jul-2019 Acquired 250,000 - View Detail

good price, epf also sapu recently :)



EMPLOYEES PROVIDENT FUND BOARD 23-Dec-2019 Acquired 300,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Dec-2019 Acquired 300,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Dec-2019 Notice of Interest 178,500 0.000 View Detail

:)

For Friday, he said foreign investors snapped up RM17.4 million net of local equities in anticipation of the signing of the US-China phase one trade deal on Wednesday (Jan 15)

stock repurchasing allows companies to reinvest in themselves by reducing the number of outstanding shares on the market. ... From a financial perspective, buybacks benefit investors by improving shareholder value, increasing share prices and creating tax beneficial opportunities

A buyback reduces the number of shares in a company held by the public. ... In the near term, the stock price may rise because shareholders know that a buyback will immediately boost earnings per share.

Share buyback has the same effect of helping existing shareholders to buyback undervalued shares to maximize shareholders' value. Better than reinvestment program instead of dividend, less hassle :)

Buyback till at least 5%, then cancel the treasury shares, so, 1 share~1.05 shares :)

Good move, buyback more and more :) hopefully reach 5% soon

Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 3.34638

Immediate Announcement on Shares Buy Back
YTL CORPORATION BERHAD

Date of buy back 10 Jan 2020
Description of shares purchased Ordinary Shares
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 483,000
Minimum price paid for each share purchased ($$) 0.975
Maximum price paid for each share purchased ($$) 0.985
Total consideration paid ($$) 477,310.13
Number of shares purchased retained in treasury (units) 483,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units) 368,862,418
Adjusted issued capital after cancellation
(no. of shares) (units) 11,022,724,004
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 3.34638

YTL Land & Development Bhd has projects in Malaysia and Singapore



Developed the Sandy Island Collection and Kasara, The Lake at Sentosa Cove



Master-planned the 294-acre freehold Sentul East and Sentul West with a GDV of RM1.991 billion.



What is your view of the current property market?

The lacklustre performance of the overall property market is likely to continue in 2020 as prices are still undergoing a correction. The national Home Ownership Campaign 2019 had a positive impact, successfully reducing unsold units in the market. While a market correction offers the best opportunities for property purchase, issues affecting the market, such as low take-up rates and affordability amid concerns of strict bank loan restrictions and rising cost of living, continue to prevail.

There are changes in property trends and purchases with the emergence of a new generation of buyers — the millennials. They may not have a great appetite for long-term investments like property and are likely to defer home purchases due to changes in priorities, lifestyle and spending habits.



What are the issues in the property market that need addressing?

More positive measures by the government are required to stimulate the market and encourage homeownership among the younger generation, who make up about 40% of our workforce.

The millennials (born between 1981 and 1996) form the largest group of potential property buyers today and will shape the direction and future of the property industry. Developers need to deal with the expectations and property perceptions of this new generation.

Fundamentally, engagement with the millennials using digital media is effective to create awareness and develop brand attitude but not necessarily sale conversions. From this perspective, we leverage both digital and traditional marketing to a wider audience for optimum results.



What new ideas will disrupt the Malaysian property market?

Developers need to deal with cross-generational marketing as we are selling to a younger generation, many of whom are first-time homebuyers who seek guidance and support from their parents. Apart from location, key purchase considerations are aesthetic, functionality and the overall package. Millennials look for homes with open plans, spaces for hobbies and workouts, and an eco-friendly atmosphere that promotes health and well-being.

Millennials have a different attitude to property ownership. They are pioneering new trends in the property industry, such as co-working, which is disrupting the office space segment, while co-living offers a new option for the residential sector.

Also, proptech, a new technological innovation, is gaining recognition and disrupting property industries worldwide. The use of digital solutions, such as virtual reality applications, artificial intelligence, data and analytics, is catching up in Malaysia and will have a positive impact on improving efficiency and productivity in the property industry.



What do millennials want when it comes to property?

Millennials look for properties and locations that will make sound investments and which are a reflection of themselves. Their priorities are urban locations with city conveniences close to their workplace, albeit smaller residential units to match their budget. If further from the city, they prefer bigger units within transit-linked developments.

Also, they want modern architecture defined by clean lines, minimalist interiors and sustainable features; open-floor plans, courtyards and conducive workspace; efficient, fast and convenient features such as high-speed internet, energy-efficient appliances, green surroundings, communal spaces to mingle and network, and immediate neighbourhood conveniences.



What in your opinion is the outlook for the property market in 2020?

The downturn has lasted almost five years in tandem with the global economic cycle and political uncertainties. Historically, any property market is cyclical and this is predictable only to a certain degree. Cautious signs of volatility in the market will linger until prices reach a sustainable level, after which the market picks up and a new cycle begins.

Nevertheless, we see an upward trend in the residential market over the longer term due to the scarcity of land and increase in population. In any event, the residential sector is usually more resilient than the commercial sector even during times like these because there is always a ready pool of homebuyers.

Our 2020 forecasts have only imputed Axis’ RM439m worth of industrial property development/acquisitions. Beyond the near term, YTLREIT, SunREIT and Axis are our preferred picks for acquisition-play, ” Maybank Research said.

KUALA LUMPUR: Maybank Investment Bank Research is keeping YTL REIT as its top Buy due to its resilient earnings from its Malaysian and Japanese assets, which are on master leases with rental step-ups.

In its research note issued on Friday it said there are also growth catalysts from its three Australian hotels – potentially resulting in higher occupancy rates and/or room rates post refurbishments.

“We also like YTLREIT for its strong pipeline of hotel assets from its parent, ” it said.

Maybank Research anticipated major pipelines to be limited in 2020, hence it continues to favour M-REITs with prime malls and sizeable assets with long-term tenants which would underpin organic growth.

“We maintain a Neutral view on the sector due lack of major growth catalysts at this juncture. Our top Buy is YTLREIT and our other Buys are SunREIT and MQREIT. The sector’s average CY20/21E net yields are 5.4/5.6%, ” it said.

The research house estimated M-REITs’ growths to be largely organic in 2020, via positive rental reversions and sustained occupancy rates while there are M-REITs that would record full-year rental income contributions from assets acquired in 2019 (i.e. Axis, SunREIT, ALSREIT).

The oversupply of retail and office space in the Klang Valley (where most of the M-REITs’ key assets are located in) would remain a major challenge.

“Meanwhile, we expect direct earnings lift to M-REITs to be minimal from easing of financing costs of variable rate debts. Our economist forecasts the OPR will be cut by 25bps to 2.75% in 2020.

“We expect 2020’s acquisition pipeline to remain subdued for now, only involving smaller size assets as major deals and developments are unlikely until 2021 onwards, such as Lot 185, Lot 91, and City Point Podium by KLCCP and expected completion of Phase 2 development at Axis Mega Distribution Centre.

“Our 2020 forecasts have only imputed Axis’ RM439m worth of industrial property development/acquisitions. Beyond the near term, YTLREIT, SunREIT and Axis are our preferred picks for acquisition-play, ” Maybank Research said.

https://www.klsescreener.com/v2/news/view/620718

tomorrow, another chase upward :)

11,927,800 shares + traded today. YTL only purchased back 227,000. Most of the 11,700,800 shares must be bought by institutional funds :)

09-Jan-2020 Insider YTL CORP BHD buyback 227,000 shares from 0.950 to 1.010 on 09-Jan-2020.

also, another boost to YTL to be announced anytime from now this year. :)

By Sharen Kaur - October 7, 2019 @ 11:52am
LONDON: YTL Corp Bhd is preparing to inject its UK properties, estimated to worth over RM1 billion, into its global hospitality real estate investment trusts (YTL Reit) next year.

The group, through YTL Hotels & Properties Sdn Bhd, owns and operates five luxury hotels across United Kingdom.

They are The Academy Hotel in Bloomsbury district, Threadneedles Hotel in London, Monkey Island Estate in the village of Bray, Berkshire on the River Thames, Gainsborough Bath Spa in Bath and the Glasshouse hotel in Edinburgh, Scotland.

YTL Corp executive director Datuk Mark Yeoh said all the five hotels are performing well in terms of occupancy and revenue.

–– ADVERTISEMENT ––

“The hotel business has been very robust since we acquired the properties. All the numbers are very positive. The yields are good, giving us over six per cent per annum. We continuously aim for higher numbers,” Yeoh told the New Straits Times in an exclusive interview here.

Yeoh, who is also executive director for YTL Hotels, added that the group had invested circa about 100 million pounds to acquire and refurbish the properties in the last three to four years.

He said YTL had a global mandate to grow the YTL Reit business and it had been expanding steadily over the years.

YTL Reit, listed in 2005, had a market capitalisation of about RM2.28 billion as at October 3 thisyear, with a wide portfolio of prime hotel properties valued around RM5 billion.

The hospitality assets range from business to luxury hotels and are spread across a range of unique locations worldwide.

In Malaysia, these include the JW Marriott Hotel Kuala Lumpur, The Majestic Hotel Kuala Lumpur, The Ritz-Carlton, Kuala Lumpur (Hotel and Suite wings), the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts and the Vistana chain of hotels in Kuala Lumpur, Penang and Kuantan.

The Reit's international portfolio comprises Hilton Niseko Village and The Green Leaf Niseko Village in Japan and the Sydney Harbour, Brisbane and Melbourne Marriott hotels in Australia.

“When we invest in a property, we give it a three to five years horizon. Our properties have to be reitable. We have investors or unit holders who are always with us. They have been long term with us. We have investors dialogue and they are always asking us about expansion.

“We told them when the hotel business matures, and when it gives a lot of yield or yield accretion, we will offer it to the Reit and this is what we are working on doing currently. The numbers are getting there for the London properties,” he said.

YTL Reit’s fourth-quarter net property income (NPI) grew 3.7 per cent year-on-year because of higher master leases, which in turn, was mainly due to the acquisition of The Green Leaf Niseko Village in Japan in September last year.

The NPI increase to RM60.26 million in the fourth financial quarter ended June 30, 2019 (4QFY19) from RM58.11 million a year ago.

Its realised income grew 6.8 per cent to RM35.77 million from RM33.49 million in 4QFY18.

Quarterly revenue increased 1.8 per cent to RM118.67 million from RM116.6 million in 4QFY18.

YTL Reit declared a final income distribution per unit (DPU) of 2.1 sen per unit for the financial year ended June 30, 2019 (FY19). The payout represents 100 per cent of the total distributable income for FY19.

For full FY19, YTL Reit’s NPI increased 1.8 per cent to RM253.28 million versus RM248.83 million the previous year, while revenue fell two per cent to RM490.9 million from RM501 million in FY18.

Its realised income for the year remained flat at RM134.15 million compared with RM134.011 million.

“Our Reit is now giving circa over six per cent so whatever assets we put in they must achieve REIT-accretion. The UK assets are just perfect to grow YTL Reit.

“We are opportunistic investors now. We have a pipeline of assets coming in and we want to constantly give to the Reit. By early 2021 YTL Reit will be bigger than its current size,” said Yeoh.

With this £2.5bil to be developed over 15 years on 380 acres via YTL Power’s UK unit - YTL Developments (UK) Ltd., Tomorrow, share price might rise even stronger than today :)

Market Dah tutup baru announced. Esok up lagi tinggi :)

The first phase will consist of the construction of 278 homes with a GDV of £90mil on a nine-acre plot of land, said YTL Developments chief executive officer (CEO) Lee Liam Chye.

BRISTOL: YTL POWER INTERNATIONAL BHDwill venture into its first property development project in the United Kingdom designed to attract primarily UK residents as buyers. The project, named Brabazon, is located in the city of Bristol, which is about an hour’s train ride from London.

Brabazon is a master-plan development that has a gross development value (GDV) of £2.5bil to be developed over 15 years on 380 acres via YTL Power’s UK unit - YTL Developments (UK) Ltd.

The first phase will consist of the construction of 278 homes with a GDV of £90mil on a nine-acre plot of land, said YTL Developments chief executive officer (CEO) Lee Liam Chye.

At present, it is planned that Brabazon will have 2,675 homes, but Lee said that the government has requested for more homes to be built due to the housing shortage and this figure could go up to 4,000 homes.

Lee, who was formerly the group CEO of Perdana ParkCity Sdn Bhd until 2017, is now stationed with YTL in the UK to bring this development to fruition.

“We are targeting middle class UK residents. These are all products meant for the local market, but secondarily, we are also looking at overseas buyers, especially parents who have children studying in the universities here, including the University of Bristol.

“Mainland Chinese have been buying property in the Bristol and Bath area, and also Hong Kong people following the political situation there, ” Lee told StarBiz after the development’s groundbreaking ceremony.

“It is my hope that we can replicate a few features of Desapark City in Kuala Lumpur here. For the UK market, this type of master-plan project combining the commercial and residential aspects of property is something new and different, ” Lee said.

The groundbreaking ceremony for Brabazon was also attended by several leaders of the local community, including the leader of the South Gloucestershire Council Toby Savage. A master-plan development is a large-scale, mixed-used development with commercial and residential components.

Brabazon will also be where the YTL Arena Complex will be located.

An arena is basically an indoor stadium and the YTL Arena will be similar to Kuala Lumpur’s Axiata Arena in size.

The YTL Arena will be sited where the Brabazon hangar at Filton - where the Concorde airplane was previously manufactured - is located.

The YTL Arena will have a floor space of 28,000 square meters that will consist of an arena, an exhibition hall and a leisure space with tenants. YTL said in a statement that it hopes for the arena to open its doors to the public in 2023.

Bagus!

Date Close
10/01/2020. Esok. ? :)
09/01/2020 1.01
08/01/2020 0.945
07/01/2020 0.94
06/01/2020 0.975
03/01/2020 1.01
02/01/2020 1.03
31/12/2019 0.98
30/12/2019 0.95
27/12/2019 0.90
26/12/2019 0.875

More to come, many big projects Belum announce macam HSR, dll

Closed at 1.01 today. Uptrend , impressive

Looking at the volume queueing for sale, just use RM1mil to buy and it will reach rm1 per share :)

It seems going to exceed rm1 today :)

expecting the strongest share buyback after lunch today :) top mgmt should know the results to be announced next month :)

08-Jan-2020 Insider YTL CORP BHD buyback 290,000 shares from 0.925 to 0.945 on 08-Jan-2020.
07-Jan-2020 Insider YTL CORP BHD buyback 960,000 shares from 0.930 to 0.970 on 07-Jan-2020.
06-Jan-2020 Insider YTL CORP BHD buyback 40,000 shares from 0.970 to 0.975 on 06-Jan-2020.
06-Jan-2020 Insider YTL CORP BHD buyback 16,008,100 shares from 0.905 to 1.040 on 30-Dec-2019 - 03-Jan-2020.
03-Jan-2020 Insider YTL CORP BHD buyback 190,000 shares from 0.995 to 1.030 on 03-Jan-2020.

yup, good news is approaching :)

https://www.nst.com.my/www.nst.com.my › news › nation › 2019/12 › hsr-back-track-may-fe...
HSR back on track, but may feature slower trains to reduce cost
Dec 17, 2019 - ... scale down the Kuala Lumpur-Singapore High Speed Rail (HSR) project, ... Speaking to reporters at the launch of the Bandar Malaysia project ... was targeted to reduce travel time between KL and Singapore to 90 minutes.
https://www.lta.gov.sg/www.lta.gov.sg › content › ltagov › rail_expansion › high_speed_rail
Upcoming Projects | Rail Expansion | High Speed Rail - LTA
Sep 26, 2019 - The Kuala Lumpur-Singapore High Speed Rail (HSR) is a strategic project between the Governments of Malaysia and Singapore. ... It will facilitate seamless travel between Kuala Lumpur and Singapore and cut the travel time between the two ... Joint News Release by SG HSR & MYHSR Corp – Kuala ...

Acquiring lafarge to turn it around was a smart move. Now, now ytl is largest cement producer in Malaysia. Lafarge is expected to report profit this year. Cement is heavy and bulky , usually not suitable for import or export :)

Yes, 2019 was the worst year for ytl in terms of profit but the best year in terms of revenue like genm. 2020 is the rebound year for ytl. Fingers crossed

Yesterday up 1/2sen, today ? :)

KUALA LUMPUR (Jan 9): Global air freight markets showed that demand, measured in freight tonne kilometers (FTKs), decreased by 1.1% in November 2019, compared to the same period in 2018, according to the International Air Transport Association (IATA).

In a statement Jan 8, IATA said this marked the thirteenth consecutive month of year-on-year declines in freight volumes.

IATA said despite the decline in demand, November’s performance was the best in eight months, with the slowest year-on-year rate of contraction recorded since March 2019.

It said in part, November’s outcome reflects the growing importance of large e-commerce events such as Singles Day in Asia and Black Friday.

IATA said while international e-commerce continues to grow, overall air cargo demand continues to face headwinds from the effects of the trade war between the US and China, the deterioration in world trade, and a broad-based slowing in global economic growth.

IATA director general and CEO Alexandre de Juniac said demand for air cargo in November was down 1.1% compared to the previous year.

“That’s better than the 3.5% decline posted in October. But it is a big disappointment considering that the fourth quarter is usually air cargo’s peak season.

“Looking forward, signs of a thawing in US-China trade tensions are good news. But trading conditions at present remain very challenging,” he said.

Meanwhile, IATA said freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2.9% year-on-year in November 2019.

It said capacity growth has now outstripped demand growth for 19 consecutive months.

another boost after approval received :)

World-class entertainment arena for Bristol

By Sharen Kaur - December 3, 2019 @ 12:09pm

YTL Developments UK will transform the gigantic Brabazon Hangars at the former Filton airfield in the north of Bristol, England, into a world-class indoor entertainment arena.

Director Datuk Yeoh Seok Hong said the arena could generate economic activities worth £1.5 billion over 25 years.

The planning application was submitted to the Bristol City Council and South Gloucestershire Council in the middle of last month.

The iconic Brabazon Hangars are housed in a 352m-long and 35m-tall building across 10.5ha. They have been a part of Bristol’s heritage since the 1940s. The building has three interlinked aircraft hangars.

Built in 1946 for the construction of the Brabazon airliner, the building later became the birthplace of Concorde.

The final Concorde flight in 2003 was from Heathrow Airport to Filton.

The Filton airfield ended commercial flights in December 2012, with YTL Power International taking over the site in 2015.


YTL Developments UK director Datuk Yeoh Seok Hong says the firm is building an entertainment destination that will create jobs, bring new businesses to the region and enhance Bristol’s position as a leading European city. Courtesy Pic
The site will now become a new urban community with more than 2,600 homes, creative workplaces and a vibrant town centre set among public squares and parks.

YTL Developments aims to deliver a “world-class venue for Bristol” that could rival London’s O2 and Birmingham’s NEC in terms of restaurants, concessions, clubs and bars.

The plan includes transforming the central hangar, also known as YTL Arena, into a 17,000-seater multipurpose auditorium, allowing Bristol to host live shows.

The east hangar will be transformed into “Festival Hall”, a breakout area for the main arena show that could also be used for trade shows, exhibitions, conventions and other events.

The west hangar, called “The Hub”, will be opened throughout the year for dining, work and play, with leisure facilities and a space for start-up businesses.

“We are building much more than just an arena. It is a 365-day entertainment destination inside the iconic Brabazon Hangars that will create jobs, bring new businesses to the region and enhance Bristol’s position as a leading European city.

“We will put Bristol on the world map with this massive entertainment complex,” Yeoh told the New Straits Times.

The site would also boast a new train station that would connect to Bristol Temple Meads in less than 15 minutes and a dedicated bus service to the city centre, he added.

It is estimated that the new entertainment destination will attract more than 1.4 million visitors annually.

Announcement about HSR is anytime from today, after year-end now :)


PRESS RELEASE

MyHSR Corporation Proceeds with the Kuala Lumpur – Singapore High Speed
Rail Project Review Exercise, Expects Completion by Year End

Kuala Lumpur, 28 June 2019: MyHSR Corporation Sdn Bhd (MyHSR Corp) has successfully
completed two separate open tender exercises to appoint its Technical Advisory Consultant
(TAC) and Commercial Advisory Consultant (CAC) for the Kuala Lumpur – Singapore High
Speed Rail (KL-SG HSR) project.

Both the TAC and CAC tender exercises were open to all qualified companies with relevant
expertise and experience. Over the period of 3 months between April and June 2019, MyHSR
Corp had received numerous interests and proposals from companies comprising both
international and local firms. Upon careful evaluation and completion of the tender process,
MyHSR Corp had appointed Minconsult Sdn Bhd and Ernst & Young (EY) as the TAC and
CAC respectively.
Minconsult Sdn Bhd is a Malaysian multi-disciplinary engineering and project management
firm with experience in numerous local railway projects. Minconsult's railway portfolio
encompass feasibility studies, detailed engineering design services, preparation of
specifications, tendering, project management, construction supervision, as well as testing
and commissioning.
EY is a global firm of financial advisors and consultants. EY’s infrastructure team has
extensive experience working with private and public sector organisations on business case
and project development strategy, economic analysis, provision of commercial and
procurement advice and raising finance on complex rail and HSR projects.
MyHSR Corp and its TAC and CAC will now proceed to review the proposed changes to the
KL-SG HSR Project and further identify cost reduction options for the Government of Malaysia.
The TAC focuses on the engineering aspects of the project by reviewing and validating the
proposed infrastructure design changes within Malaysia such as the alignment, stations, and
train maintenance facilities. The CAC focuses on commercial aspects such as developing new
business models, identifying funding and financing options, updating the ridership forecast,
and updating the economic benefits the project will bring to Malaysia.
Dato’ Mohd Nur Ismal Bin Mohamed Kamal, CEO of MyHSR Corp said, “The appointment of
TAC and CAC is a major step in the effort to develop an affordable KL-SG HSR. The solution
will be a holistic one, it will respect the needs of the Government of Singapore, cognisant of
the market expectation of the project sustainability and bankability, and without compromising
on service reliability, journey time and safety.”
-ENDS-


About the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR)
The KL-SG HSR Project is a strategic project between the Governments of Malaysia and
Singapore that aims to facilitate shorter travel time between Kuala Lumpur and Singapore.
The Project is expected to bring both countries closer together by improving connectivity,
deepening people-to-people ties, and catalysing further economic cooperation.
On 5 September 2018, both the Governments of Malaysia and Singapore have agreed to
suspend the construction of the KL-SG HSR Project for a period up to 31 May 2020.
About MyHSR Corporation (MyHSR Corp)
MyHSR Corp is a company incorporated in 2015, wholly owned by the Minister of Finance
Incorporated and under the supervision of the Ministry of Economic Affairs. As the
Government of Malaysia’s project delivery vehicle for the KL-SG HSR Project, MyHSR Corp
is responsible for the development and implementation of the Project.
For media enquiries, please contact:
Nabilah Mohamad
Senior Executive, Corporate Communications
Tel: +603 - 6412 2600
E-Mail: nabilah@myhsr.com.my

ytl has investments and properties e.g. hotels, property development, etc. in UK. These assets should be more valuable now :)

LONDON (Jan 8): British house prices jumped in December by the most in monthly terms in nearly 13 years, mortgage lender Halifax said on Wednesday.

Prices rose by 1.7% last month from their level in November, the biggest monthly increase since February 2007, Halifax said.

In annual terms, house prices increased 4.0% year-on-year, the biggest such increase since February 2018, after a 2.1% rise in November.

last year, all direct biz transactions of ytl shares melebihi RM1 per share :)

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
13/06/2019 00:00:00 1.1300 - 901,500 901,500 1.019m 1.019m 1.1300 0.0083 -
25/04/2019 00:00:00 1.2200 - 48.400m 193.589m 59.048m 236.179m 1.2200 0.4436 -
25/04/2019 00:00:00 1.2200 - 50.000m 193.589m 61.000m 236.179m 1.2200 0.4583 -
25/04/2019 00:00:00 1.2200 - 50.000m 193.589m 61.000m 236.179m 1.2200 0.4583 -
25/04/2019 00:00:00 1.2200 - 45.189m 193.589m 55.131m 236.179m 1.2200 0.4142 -
17/04/2019 00:00:00 1.0850 -0.1350 60.000m 296.626m 65.100m 321.839m 1.0850 0.5499 -
17/04/2019 00:00:00 1.0850 -0.1350 60.000m 296.626m 65.100m 321.839m 1.0850 0.5499 -
17/04/2019 00:00:00 1.0850 -0.1350 38.269m 296.626m 41.522m 321.839m 1.0850 0.3508 -
17/04/2019 00:00:00 1.0850 -0.1350 21.731m 296.626m 23.578m 321.839m 1.0850 0.1992 -
17/04/2019 00:00:00 1.0850 -0.1350 60.000m 296.626m 65.100m 321.839m 1.0850 0.5499 -
17/04/2019 00:00:00 1.0850 -0.1350 56.626m 296.626m 61.439m 321.839m 1.0850 0.5190 -
07/03/2019 00:00:00 1.0900 0.0700 970,292 970,292 1.058m 1.058m 1.0900 0.0089 -
01/03/2019 00:00:00 1.0500 -0.0100 54.726m 54.726m 57.462m 57.462m 1.0500 0.5016 -

Good lah, market fell like hell today but ytl rose Pula :) so cool

Steadily moving back to RM1 or higher soon :)

good that ytl is learning from Apple to use share buyback to maximise hsareholders' value :)

Apple Inc. AAPL, -0.47% disclosed Thursday that it spent $17.9 billion to buy back 92.6 million shares during the fiscal fourth quarter ended Sept. 28, or about 2% of the shares outstanding. That compares with the $17.0 billion Apple spent in the previous quarter, and the $49.2 billion spent over the previous three quarters. The company has $78.9 billion remaining in its stock buyback program. Apple's stock rose 13.2% during the quarter, to boost its market-capitalization by roughly $115.7 billion as of the latest share count. The 10-K filing with the Securities and Exchange Commission showed that Apple ad 4.443 billion shares outstanding as of Oct. 18, down from 4.519 billion shares as of July 19. As a result of the reduced share count, Apple was able to report late Wednesday a rise in fourth-quarter earnings per share to $3.03 from $2.91, even though net income fell to $13.69 billion from $14.13 billion. Apple's stock, which rose 1.8% in morning trading, has now run up 57% year to date, while the Dow Jones Industrial Average DJIA, -0.42% has advanced 16%.

Treasury shares cost @30 sept 2019 ~rm472,793,000. Total Shares = 341,862,418. Average buyback cost per share at as 30/9/2019~RM1 38. Thus , ytl will buyback more n more to increase shareholders' value. Lower its buyback cost per share with continuous purchase, net assets per share ~rm1.2+ with improving results expected from its coming quarterly results

Surely ytl will try their best to improve share price. Continue to buyback more and more

Cumulative Net Outstanding Treasury Shares As At To-Date : 367,862,418 shares
Adjusted Issued Capital After Cancellation : 11,019,882,843

Uptrend in expecting better results in all segments plus aggressive biz expansion in many countries :) moving towards 1.25 again

52 Weeks Range: 0.82 - 1.25

More investments in UK too

YTL set to increase investments in UK
ytl uk from www.nst.com.my
7 Nov 2019 · MALAYSIA'S giant investor YTL Group plans to keep increasing its investments in the United Kingdom, shrugging off Brexit ...
You visited this page on 1/1/20.
Imagehttps://www.nst.com.my › 2019/12
YTL UK to redevelop Bristol's airfield into world class entertainment arena | New Straits ...
ytl uk from www.nst.com.my
3 Dec 2019 · YTL Developments UK director Datuk Yeoh Seok Hong said the company will redevelop Bristol town's former Filton airfield into an ...

Ytl is a long term investor in hotel industry in Japan unlike bjland or VT tends to talk about selling its hotels in Japan.

Ytl new resort in Japan, more profit for the quarterly profit for the coming quarter.


YTL Hotels To Open Hinode Hills Niseko Village In Japan
by Mary Winston Nicklin Aug 6, 2019 3:42pm


Just in time for the winter season, YTL Hotels will unveil its latest luxury addition in Niseko Village. Located on the island of Hokkaido in the north of Japan, known for its high levels of snowfall, Niseko is a world-famous ski resort—a paradise for powder hounds. Opening on December 1, 2019, Hinode Hills Niseko Village is an all-suite property with 79 rooms decorated with a traditional wabi-sabi design aesthetic, integrating natural forms and nods to nature. Hinode Hills will join three other YTL hotels in Niseko Village: The Green Leaf Niseko Village, Hilton Niseko Village and Kasara Niseko Village Townhouse.


With ski-in, ski-out access at the base of Mount Niseko Annupuri, Hinode Hills sits on a prime piece of real estate at the heart of Niseko Village. This location is next to the Upper Village Gondola, which provides easy lift access to the mountain. Note that to accommodate families or groups traveling together, there are multiple room configurations of up to three bedrooms. An in-house team of ski specialists can help with gear, and after a day on the slopes, you can relax in the hotel’s onsen.

Malaysia-based YTL Hotels owns and manages a portfolio of international hotels and Spa Villages in Asia, Australia and Europe, including the Gainsborough Bath Spa. The group also has ownership management of a number of Marriott hotels in Australia, Koh Samui and Kuala Lumpur, including Autograph Collection properties, and co-owns the Eastern & Oriental Express luxury train.

Just wait till Q2 result is released in Feb 2020, next month :)

Power, hotel, cement ,erl, construction, etc will show improve results :)

Ytl's expertise in rail started many years ago :)

The Express Rail Link Sdn Bhd is a company that owned and operated airport rail link that connects the Kuala Lumpur International Airport (KLIA) with the Kuala Lumpur Sentral (KL Sentral) transportation hub, 57 kilometres apart. The company operated two different train services :

KLIA Ekspres, a direct airport rail service directly from the KLIA to KL Sentral, launched on April 14, 2002.
KLIA Transit, a commuter rail service with three additional stops between the KLIA and KL Sentral, launched on June 1, 2002.
Express Rail Link
ERL logo.png
KLIAekspres SalakSelatan.jpg
Overview
Owner
Express Rail Link Sdn Bhd
Locale
Klang Valley, Malaysia
Transit type
Airport rail link
Number of lines
6 7
Number of stations
6
Daily ridership
27,307 (2015)
Annual ridership
9.967 million (2015)[1]
(Increase 7.9%)
Website
kliaekspres.com
Operation
Began operation
14 April 2002; 17 years ago
Number of vehicles
12 trainsets (4-car) of Desiro ET 425 M Electric Multiple Unit
6 trainsets (4-car) of CRRC Changchun Equator Electric Multiple Unit.
Technical
System length
57 km (35 mi) (total)
Track gauge
1,435 mm (4 ft 8 1⁄2 in) standard gauge
Top speed
176 km/h (109 mph)
Background Edit
Express Rail Link Sdn. Bhd. (ERL) is a joint venture company between YTL Corporation Berhad, Lembaga Tabung Haji, SIPP Rail Sdn. Bhd. and Trisilco Equity Sdn. Bhd. with each partner holding 45%, 36%, 10% and 9% of the company respectively. On the 25th of August 1997, the Malaysian government presented the company with a 30-year concession to finance, build, maintain and control the operations of the railway.

Construction began in May 1997 and was completed 5 years later. It was then handed over to SYZ consortium, a joint relations consortium between German and Malaysian companies consisting of Siemens AG, Siemens Electric Engineering Sdn. Bhd and Syarikat Pembenaan Yeoh Tiong Lay Sdn. Bhd (SPYTL), a wholly owned subsidiary of YTL Corporation Bhd.

ERL Maintenance and Support was set up in 1999 and is responsible for the operations and maintenance of trains owned by ERL. The company was initially a joint venture between Express Rail Link Sdn. Bhd. and Siemens AG, but since June 2005 it has been wholly owned by Express Rail Link Sdn. Bhd.[2]

The 1997 financial crisis that hit Asia caused a brief setback to the project but due to strong governmental support, the project went on to completion. The project raked up a cost of RM2.4 billion which was financed through equity mergers (RM500 million), loans from Development and Infrastructure Bank of Malaysia (RM940 million) and the remainder through import credit[3] from four German financial institutions.

Ytl memang Ada share buyback plan from the beginning, already repurchased more than 360mil shares over the years :)

Cumulative Net Outstanding Treasury Shares As At To-Date : 367,862,418 shares
Adjusted Issued Capital After Cancellation : 11,019,882,843

4677 YTL YTL CORPORATION BHD
Immediate Announcement on Shares Buy Back
Date of Buy Back : 07/01/2020
Description of Shares Purchased : Ordinary Shares
No. of Shares Purchased : 960,000 shares
Minimum Price Paid For Each Share Purchased : RM 0.930
Maximum Price Paid For Each Share Purchased : RM 0.970
Total Consideration Paid : RM 905,788.52
No. of Shares Purchased Retained in Treasury : 960,000 shares
No. of Shares Which Are Proposed To Be Cancelled : 0 shares
Cumulative Net Outstanding Treasury Shares As At To-Date : 367,862,418 shares
Adjusted Issued Capital After Cancellation : 11,019,882,843
Date Lodged With Registrar of Company :
Lodged By :
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

07/01/2020 05:17 PM


Ref Code: 202001074700079

4677 YTL YTL CORPORATION BHD
TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
YTL CORPORATION BERHAD ("YTL CORP" OR "COMPANY") UNCONDITIONAL SHARE EXCHANGE
OFFER BY YTL CORP TO ACQUIRE ALL THE REMAINING SECURITIES IN YTL LAND &
DEVELOPMENT BERHAD NOT ALREADY OWNED BY THE COMPANY ("OFFER")
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

07/01/2020 06:47 PM


Ref Code: 202001073000222

:)

THE local cement industry is fragmented and rife with overcapacity and low utilisation of plants. According to the Cement and Concrete Association of Malaysia, the country has eight cement producers.

The situation is made worse by a slowdown in mega infrastructure projects, which has led to lower demand and seen cement companies booking losses.

Take Malayan Cement Bhd (formerly Lafarge Malaysia Bhd) and Tasek Corp Bhd, for example, which registered a net loss of RM132.65 million and RM22.98 million respectively for the nine-month period to Sept 30, 2019.

Thus, the recent acquisition of 51% equity interest in Malayan Cement by YTL Cement Bhd, a subsidiary of YTL Corp Bhd, was a welcome respite for the industry. It also earned recognition as the best mergers and acquisitions (M&A) deal of the year.

According to Maybank Investment Bank Bhd, the acquisition represents an opportunity for YTL Cement to bolster its position as a leading homegrown cement company, strengthen its ability to fulfil its regional growth aspirations and complement its existing core businesses.

YTL Cement is a leading international building materials company with over 60 years of experience in manufacturing cement, construction aggregates and concrete. It offers world-class quality products and end-to-end solutions to its customers.

Malayan Cement, meanwhile, is a prominent building materials leader listed on Bursa Malaysia with a market capitalisation of RM2.82 billion as at Aug 29, 2019.

On May 2, YTL Cement entered into a sales and purchase agreement with Associated International Cement Ltd for the acquisition of 433.34 million shares, or a 51% stake, in Malayan Cement for RM1.63 billion or RM3.75 per share.

Following the acquisition, YTL Cement was also required to extend the offer to the rest of the shareholders of Malayan Cement to buy the remaining 416.35 million shares at the same price.

The mandatory offer, which closed on June 13, saw 220.72 million shares accepted, with YTL Cement holding a 77% stake in Malayan Cement.

“The acquisition is expected to deliver operational efficiencies in logistics, distribution, and procurement; and cost synergies realised from economies of scale, and elimination of duplicated functions and corporate overheads; which would contribute positively to future earnings and cash flows of the enlarged YTL Cement group,” says Maybank IB.

Besides being the adviser for YTL Cement for the deal, Maybank IB was the lead arranger and book runner for YTL Cement’s bridging loan facility of RM1.84 billion. The facility has a tenure of two years.

YTL Cement and Malayan Cement together command a 60% share of domestic cement supply. The consolidation may result in price stability from more rational pricing strategies and capacity cuts, says Affin Hwang Capital in a March 3 note.

YTL Power International Bhd
(Jan 6, 83.5 sen)
Reiterate buy with an unchanged target price (TP) of 95 sen: It was reported that YTL Power International Bhd (YTLP) subsidiary, PowerSeraya Pte Ltd, is weighing an option to either build or acquire new capacity from other operators, as some of its uncompetitive capacity is near the end of its useful life. While the power sector in Singapore is already heading towards a recovery from an overcapacity problem, market consolidation from within could expedite the recovery. We are currently expecting PowerSeraya to return to profitability by financial year 2021.

As per our last report on Dec 26 last year, we highlighted that overall power capacity in Singapore will be cut by 23% or 1,100MW before the end of 2021, as some power producers will be retiring some of their power-producing capacity. The reduction in capacity will help ease an overcapacity problem, as the overall reserve margin will be lowered from the current 73% to 21%-23%, allowing power producers to increase their selling prices and generate reasonable returns. However, the whole process could take at least another two years as 750MW or 6% has been retired from the system since October 2019.

Due to PowerSeraya’s dominant market position (second), with a 22.8% market share (based on name-plate capacity), it is unlikely to be allowed by the Energy Market Authority to expand beyond its licensed capacity of 3,100MW. However, we believe there is a high likelihood that the acquisition could be approved, if the latter is proposed to replace the existing capacity rather than to increase its allowable name-plate capacity. PowerSeraya should replace its 1,448MW (47% of its capacity) of steam turbine generation capacity: its fuel source is mainly heavy fuel oil and it operates mainly as a peaking plant, due to its high energy costs relative to natural gas and liquefied natural gas.

We believe the power sector in Singapore is already heading towards a recovery in 2021, and the market consolidation could potentially speed up the recovery process. We reiterate our “buy” call on YTLP, with an unchanged sum of the parts-based TP of 95 sen, as we believe the stock valuation is undemanding, trading at a sharp discount to its five-year average price-to-book value of 0.8 times. Key downside risks to our positive call are a weaker-than-expected performance of its other non-core operations/investments and YTL Communications Sdn Bhd’s Yes 4G service. — Affin Hwang Capital, Jan 6