Bursa Malaysia (KLSE) Stock Investment Portal

2020-01-02 10:38 | Report Abuse

kira murah kini, off market transaksi pada harga RM2.32 untuk 100juta syer on 16 dec 2019, baru2 ini.

around 2.25 , good buy kini

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
16/12/2019 00:00:00 2.3200 0.0200 100.000m 100.000m 232.000m 232.000m 2.3200 1.4703 -

Stock

2020-01-02 10:36 | Report Abuse

hari ini above 2.25, retailer ikut graf, chase balik above 2.3, tunggu dan lihat :)

Stock

2020-01-02 10:35 | Report Abuse

yesterday, banyak retailer yang jual beli ikut graf menurunkan harganya semalam, hari ini rebound balik :)

Sime Darby has been consolidating range-bound during recent sessions. With a neutral RSI, there is a possibilibity it will break the immediate resistance of RM2.32, with a target price of RM2.39 followed by RM2.46. On the downside, support price is anticipated at RM2.25 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM2.32
Target: RM2.39, RM2.46 (time frame: 3-6 weeks)
Exit: RM2.25

Source: AmInvest Research - 23 Dec 2019

Stock

2020-01-02 10:33 | Report Abuse

yayasan pelaburan bumi, same case, more than 6.5% but still adding more and more :)

4197 SIME SIME DARBY BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : YAYASAN PELABURAN BUMIPUTRA
NRIC/Passport No./Company No. : 37113-P
Nationality/Country of Incorporation : Malaysia

Address:
c/o Permodalan Nasional Berhad Tingkat 4, Balai PNB 201-A, Jalan Tun Razak50400 Kuala Lumpur Wilayah Persekutuan Malaysia

Descriptions (Class and Nominal Value):
Ordinary shares

Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com

Details of Changes

Date of Notice : 16/12/2019

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 16/12/2019 Acquired 100,000,000 -

Circumstances by reason of which change has occurred:
Permodalan Nasional Berhad(Acquisition of 100,000,000 shares on 16 December2019)Yayasan Pelaburan Bumiputra is deemed to have indirect interest in SimeDarby Berhad through its shareholding of 100% less one share in PermodalanNasional Berhad which in turn is a substantial shareholder of Sime DarbyBerhad.

Nature of Interest:
Indirect Interest

Consideration:

No of Shares Held After Changes:
Direct : 0 shares (0.0000%)
Indirect/Deemed Interest : 443,451,674 shares (6.5200%)
Total : 443,451,674 shares

Remarks:
The notice of change in substantial shareholding was received from YayasanPelaburan Bumiputra on 18 December 2019.You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com

Submitted By:

18/12/2019 07:00 AM

Ref Code: 201912183600047

Stock

2020-01-02 10:30 | Report Abuse

PNB's stake in sime, 6.5%+ but still not enough, continued adding also :)

4197 SIME SIME DARBY BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : PERMODALAN NASIONAL BERHAD
NRIC/Passport No./Company No. : 038218X
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 4, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur WilayahPersekutuan Malaysia

Descriptions (Class and Nominal Value):
Ordinary shares

Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com

Details of Changes

Date of Notice : 16/12/2019

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 16/12/2019 Acquired 100,000,000 -

Circumstances by reason of which change has occurred:
Permodalan Nasional Berhad (Acquisition of 100,000,000 shares on 16December 2019)

Nature of Interest:
Direct Interest

Consideration:

No of Shares Held After Changes:
Direct : 443,451,674 shares (6.5200%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 443,451,674 shares

Remarks:
The notice of change in substantial shareholding was received fromPermodalan Nasional Berhad on 18 December 2019.You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com

Submitted By:

18/12/2019 07:00 AM

Ref Code: 201912183600046

Stock

2020-01-02 10:29 | Report Abuse

epf's stake in sime, 9.5%+ and continued adding :)

4197 SIME SIME DARBY BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : EMPLOYEES PROVIDENT FUND BOARD
NRIC/Passport No./Company No. : EPF Act 1991
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur WilayahPersekutuan Malaysia

Descriptions (Class and Nominal Value):
Ordinary shares

Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com

Details of Changes

Date of Notice : 19/12/2019

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 18/12/2019 Acquired 550,000 -

Circumstances by reason of which change has occurred:
Citigroup Nominees (Tempatan) Sdn BhdEmployees Provident Fund Board(Acquisition of 550,000 shares on 18 December 2019)

Nature of Interest:
Direct Interest

Consideration:

No of Shares Held After Changes:
Direct : 517,478,690 shares (7.6080%)
Indirect/Deemed Interest : 130,386,985 shares (1.9170%)
Total : 647,865,675 shares

Remarks:
You are advised to read the entire contents of the announcement orattachment. To read the entire contents of the announcement or attachment,please access the Bursa website at http://www.bursamalaysia.com

Submitted By:

23/12/2019 07:00 AM

Ref Code: 201912233600038

Stock

2020-01-02 10:27 | Report Abuse

will rebound anytime from now :)

History -direct biz transactions in Dec 2019

Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
16/12/2019 00:00:00 2.3200 0.0200 100.000m 100.000m 232.000m 232.000m 2.3200 1.4703 -
13/12/2019 00:00:00 2.3300 - 209,200 209,200 487,436 487,436 2.3300 0.0031 -
11/12/2019 00:00:00 2.3400 - 95,700 75.096m 223,938 176.474m 2.3500 0.0014 -
11/12/2019 00:00:00 2.3500 0.0100 75.000m 75.096m 176.250m 176.474m 2.3500 1.1027 -
05/12/2019 00:00:00 2.3400 0.0400 80.000m 80.000m 187.200m 187.200m 2.3400 1.1762 -
04/12/2019 00:00:00 2.2900 0.0100 25.000m 25.000m 57.250m 57.250m 2.2900 0.3676 -
29/11/2019 00:00:00 2.3000 - 25.000m 25.000m 57.500m 57.500m 2.3000 0.3676 -

Stock

2020-01-02 10:21 | Report Abuse

wow, so liquid, actively traded by institutional funds :)

EMPLOYEES PROVIDENT FUND BOARD 18-Dec-2019 Acquired 550,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Dec-2019 Acquired 1,200,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 16-Dec-2019 Acquired 1,522 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 16-Dec-2019 Disposed 1,522 0.000 View Detail
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 16-Dec-2019 Disposed 100,000,000 0.000 View Detail
PERMODALAN NASIONAL BERHAD 16-Dec-2019 Acquired 100,000,000 0.000 View Detail
YAYASAN PELABURAN BUMIPUTRA 16-Dec-2019 Acquired 100,000,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 13-Dec-2019 Acquired 821,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 12-Dec-2019 Acquired 546,700 0.000 View Detail
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 11-Dec-2019 Disposed 75,000,000 0.000 View Detail
PERMODALAN NASIONAL BERHAD 11-Dec-2019 Notice of Interest 75,000,000 0.000 View Detail
YAYASAN PELABURAN BUMIPUTRA 11-Dec-2019 Notice of Interest 75,000,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 11-Dec-2019 Acquired 225,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 10-Dec-2019 Acquired 602,400 0.000

Stock

2020-01-02 08:17 | Report Abuse

Subject Type Amount Ex Date
Special Dividend DIVIDEND 0.01 30/09/2019
Second interim dividend DIVIDEND 0.07 30/09/2019
First Interim Dividend DIVIDEND 0.02 22/04/2019
Special Dividend DIVIDEND 0.02 27/09/2018
Second interim dividend DIVIDEND 0.04 27/09/2018
Interim Dividend DIVIDEND 0.02 17/04/2018
Others OTHER_OTHER 1 : 1 27/11/2017
Final Dividend DIVIDEND 0.17 04/12/2017
Interim Dividend DIVIDEND 0.06 19/04/2017

Stock

2020-01-02 08:16 | Report Abuse

Jan 2): Traders eyed a cautious start on Thursday in Asia as they assessed the latest policy move by China’s central bank and awaited data on the country’s manufacturing sector. Australia’s dollar and the yen edged lower.

Activity is set to pick up as most global markets reopen from holiday closures on Jan. 1, though Japanese equities remain shut for the remainder of this week. The People’s Bank of China on Wednesday said it will increase the supply of cheap funding to banks, a move of policy support in line with market expectations.

Markets start this year on the back of a strong performance for global stocks and sovereign bonds in 2019. Thursday gives investors the latest read on Chinese manufacturing with the Caixin manufacturing PMI expected to hover around its November level — remaining well in the expansionary zone.

“One of the biggest risks today may be that stocks have already priced in much of the good news,” said Bob Doll, senior portfolio manager at Nuveen Asset Management. “Stock prices can still climb higher, but we don’t expect results anywhere near 2019.”

Meantime, investors are keeping an eye on North Korea. Kim Jong Un said he was no longer bound by his pledge to halt major missile tests and would soon debut a “new strategic weapon.”

Here are some events to watch for this week:

China’s Caixin manufacturing PMI comes Thursday. The December figure is expected to come in at 51.6, according to a survey of economists, following a reading of 51.8 the prior month.
Federal Open Market Committee minutes will be released on Friday.
U.S. ISM manufacturing is due Friday. The Institute for Supply Management’s PMI is forecast to show a contraction for a fifth straight month.

These are some of the most recent moves in major markets:
Stocks

The S&P 500 Index rose 0.3% on Dec. 31, when the Stoxx Europe 600 Index decreased 0.1%.
Hong Kong’s Hang Seng Index fell 0.5% on Dec. 31.

Currencies

The yen slid 0.1% to 108.72 per dollar.
The Australian dollar dipped 0.1% to 70.14 U.S. cents.
The euro traded at $1.1214.

Bonds

The yield on 10-year Treasuries was at 1.92% in most recent trading.

Commodities

West Texas Intermediate crude fell 1% to $61.06 a barrel on Dec. 31.
Gold was at $1,517.29 an ounce.

Stock

2020-01-02 07:30 | Report Abuse

?

31/12/2019 2.22
30/12/2019 2.29
27/12/2019 2.31
26/12/2019 2.28
24/12/2019 2.30
23/12/2019 2.29
20/12/2019 2.30
19/12/2019 2.29
18/12/2019 2.30
17/12/2019 2.28
16/12/2019 2.30
13/12/2019 2.30
12/12/2019 2.33
11/12/2019 2.30
10/12/2019 2.34
09/12/2019 2.38
06/12/2019 2.37
05/12/2019 2.34

Stock

2020-01-01 23:13 | Report Abuse

AFTER two decades in Malaysia, Tesco Stores (M) Sdn Bhd may call it a day as the loss-making retailer, with RM3.89 billion of debt, has someone knocking on its door.

The offer comes at a time when the retail outlook for the supermarket and hypermarket segment remains gloomy. Consider this, Malaysia has four foreign hypermarket players — Tesco, Hong Kong’s Giant, Japan’s AEON BiG and Middle East-based Lulu — all of which are loss-making (see table).

Note that these foreign retailers are governed by a different set of rules from the local players.

Data from Retail Group Malaysia (RGM), tabulated on behalf of the Malaysia Retailers Association, speaks volumes about the outlook for the supermarket and hypermarket segment. Retailers interviewed by RGM expect retail sales to contract by 9% in the current quarter ending Dec 31. This segment has been contracting for 10 straight quarters since the third quarter of 2017.

Naturally, it came as a surprise to the industry that there is someone who is keen on buying the business. Even Tesco’s Malaysian employees were taken aback by the announcement of a possible sale of the business, given that the retailer had put into motion a three-year transformation plan beginning in 2016, including the introduction of its new-generation store concept aimed at strengthening its business.

Could it be that the new investor is interested in the retail business or is it interested in the assets Tesco holds?

On Dec 8, The UK parent Tesco Plc announced that “following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation of a possible sale of these businesses.” It added that the evaluation of the strategic options is at an early stage, and that no decision concerning the future of Tesco Thailand and Tesco Malaysia had been made.

Malaysia and Thailand are the only countries in Asia where Tesco has stores. It has 1,951 stores in Thailand and 60 hypermarkets and nine convenience stores in Malaysia.

Etiqa Insurance and Takaful Bhd chief strategy officer Chris Eng tells The Edge, “Following the trend that was first observed in Europe, which has since followed in the more developed Asian markets of Hong Kong and Singapore, there has been a shift in consumer sentiment away from bulk purchases in hypermarkets towards smaller grocery shops.

“This has seen a rise of grocers such as Village Grocer and Jaya Grocer, even as hypermarkets have closed down. The exit of global chains in Asean has been driven by this. It will be difficult to find a buyer (for Tesco) as AEON [Co Ltd], which absorbed Carrefour some years ago, is still struggling to find a strong foundation. As a last resort, will Tesco be offered at a discount to its 30% partner Sime Darby Bhd?” he says.

AEON BiG (M) Sdn Bhd — which is 95.49% owned by Aeon Co and 4.51% by AEON South East Asia Sdn Bhd — purchased French retailer Carrefour’s ailing Malaysian operation, comprising 26 stores, in 2012 for an enterprise value (value of debt in the business minus cash in the business) of €250 million, but has yet to turn the business around (see table). According to AEON BiG’s website, it currently has 22 stores.

Dairy Farm International Ltd — which operates the Giant supermarket and hypermarket brand as well as supermarkets under the Cold Storage, Mercato and Jason’s Food Hall names — has been closing stores rapidly. From a peak of 147 stores in 2014, today the retailer appears to have only about 80 stores.

Incidentally, calls made to industry players reveal that market talk of Aeon Co being a potential suitor for Tesco has resurfaced. It was reported in 2015 that AEON Co was interested in purchasing Tesco’s stores to expand the AEON BiG chain.

Various reports value the Thai and Malaysian businesses at £6.5 billion to £9.5 billion. A Bloomberg report, quoting Ahmad Maghfur Usman, an analyst with Nomura Global Markets Research, says Tesco Malaysia’s enterprise value is US$2 billion. It is also worth noting that the Malaysian business generates just a fifth of the revenue of Thailand.

Asked to comment, one industry observer quips, “Who has that kind of money? The Chinese perhaps.” Indeed, the market is speculating that to buy a business this big, one would need deep pockets and the Chinese may be a possibility. Other potential interested investors are believed to be from Thailand and private equity funds. Names of Thai investors floating around the market include Central Group and Singha Corp.

Tesco Plc’s entry into Malaysia was in 2000 with Sime Darby Bhd as its 30% local partner.

Stock

2020-01-01 08:07 | Report Abuse

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
03/12/2019 2.30 2.70 +0.40 (17.39%) BUY HLG

Stock

2020-01-01 08:06 | Report Abuse

EMPLOYEES PROVIDENT FUND BOARD 18-Dec-2019 Acquired 550,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Dec-2019 Acquired 1,200,000 0.000

Stock

2020-01-01 08:06 | Report Abuse

Trump says US-China trade deal will be signed on Jan 15
ECONOMY
Wednesday, 01 Jan 2020

7:21 AM MYT
By WASHINGTON: U.S. President Donald Trump Said On Tuesday That Phase 1 Of Trade Deal With China Would Be Signed On Jan. 15 At The White House and Though Considerable Confusion Remains About The Details Of The Agreement.

Stock

2020-01-01 08:05 | Report Abuse

Sime Darby - Industrial Segment Outperforms
Author: HLInvest | Publish date: Tue, 3 Dec 2019, 5:16 PM

Sime Darby’s 1Q20 core PATMI of RM307m (-13.5% QoQ, +55.8% YoY), was above HLIB (31.3%) and consensus (31.6%), driven mainly by strong industrial equipment demand from Australia’s mining sector and China’s infrastructure sector. The industrial segment is expected to remain on a growth trajectory, supported by Australia, China and potentially Malaysia. Increased FY20-21 earnings by 24.8% and 18.6% and introduce FY22 earning at RM1.2bn. Upgrade to BUY (from Hold) with higher TP: RM2.70 (from RM2.35), based on 10% discount to SOP: RM3.00, with attractive dividend of 12 sen (5.2% yield).

Above expectations. Core PATMI of RM307m for 1QFY20 (-13.5% QoQ, +55.8% YoY), achieved 31.3% of HLIB’s FY20 forecast and 31.6% of consensus, driven mainly by the continuous strong revenue and earnings growth of Industrial segment especially from Australia’s mining sector as well as China infrastructure spending by the government. We expect sustainable earnings in coming quarters.

Dividend. None. Usually Divvy in 2Q and 4Q.

QoQ. Core PATMI declined by 13.5% to RM307m, mainly due to the yearly dividend investment income from BMW Malaysia accrued in previous 4QFY19, amounting to RM135m. Excluding the dividend, core PATMI would have improved by 39.5% QoQ, driven by Industrial segment.

YoY. Core PATMI improved by 55.8%, driven by both Industrial segment (higher sales and margins in Australia and China) and Motor segment (higher sales volume in China with improved margins following from lower discounting program).

Industrial. Despite the drop in coal prices, management continued to guide for strong demand for industrial equipment in Australia mining sector as the mining operators are still making good profit at current level. Likewise, the demand for construction equipment is expected to remain sustainable in China from government stimulus through infrastructure spending to support its economy. In Malaysia, the anticipated upcoming mega projects would boost the demand for heavy equipment. Order book for industrial segment rose QoQ to RM2.5bn (from 2.4bn) as at end 1QFY20, driven mainly by Australia and China market. The completion of Gough group acquisition (Caterpillar dealership in New Zealand) in Sep 2019 would also provide a new earnings base to the group.

Motor. Despite the on-going trade war concerns and cautious consumer sentiment, China market has outperformed expectations with higher sales and margins. Management is guiding for sustainable earnings in China given the emergence of its middle class segment. While Malaysia market remained muted, Inokom has started its BMW export program into Philippines in Nov 2019, and subsequently to Vietnam.

Forecast. Increased earnings for FY20 by 24.8% and FY21 by 18.6%. Introduce FY22 core profit at RM1.2bn.

Upgrade BUY, TP: RM2.70. Following the positive earnings surprise and higher earnings forecast, we upgrade our recommendation to BUY (from Hold) with higher TP of RM2.70 (from RM2.35), based on 10% discount to SOP of RM3.00. Sime Darby is expected to continue leveraging on its industrial segment especially on Australia mining and China infrastructure sector, while potentially benefitting from upcoming mega projects in Malaysia. Sime Darby is also seen as a proxy to the potential trade agreement between US and China. We have projected dividend of 12 sen for FY20- 22, translating into attractive dividend yield of 5.2%.

Source: Hong Leong Investment Bank Research - 3 Dec 2019

Stock

Stock: [AFFIN]: AFFIN BANK BERHAD

2019-12-31 10:12 | Report Abuse

30/12/2019 1.36
27/12/2019 1.36
26/12/2019 1.36
24/12/2019 1.37
23/12/2019 1.35
20/12/2019 1.36
19/12/2019 1.39
18/12/2019 1.39
17/12/2019 1.40
16/12/2019 1.39
13/12/2019 1.39
12/12/2019 1.39
11/12/2019 1.39
10/12/2019 1.41
09/12/2019 1.41
06/12/2019 1.39
05/12/2019 1.38
04/12/2019 1.38
03/12/2019 1.38

Stock

2019-12-31 08:53 | Report Abuse

Any window dressing for affin today? :)

Stock

2019-12-31 08:40 | Report Abuse

See whether any actions by the hongkis group today :)

Stock

2019-12-31 08:39 | Report Abuse

Bjcorp wanted to buy more today? Tak cukup Banyak? :)

Major shareholders:

Berjaya Corp. Bhd., UBS A/G London, Norges Bank

42.6% 5.3% 5.2%

Stock

2019-12-31 07:55 | Report Abuse

- 30 Dec
S&P500 looks set for record annual gains; Dollar suffers sharpest decline since October
1. US equities ended Friday mixed, DJIA and S&P500 continues to make new highs, Nasdaq ends 11-day win streak
2. Global indices gained over the past week as investor sentiment picked up. Nasdaq led the US while the Hang Seng led Asia in weekly gains
3. In the forex market, the dollar fell sharply against major currencies as risk appetite in markets grew
4. Gold and silver both suffered losses
5. US two-year treasury yields fell 5bps on Friday.
6. Asian stocks drifted lower on Monday morning but looks set to make strong annual gains in 2019
7. Trading volumes is expected to remain low this week thanks to the New Year's holiday
8. Focus of the week: China NBS Dec Manufacturing PMI (Tuesday), China Caixin Dec Manufacturing PMI (Wednesday), ISM Dec Manufacturing PMI (Friday), FOMC Dec Meeting minutes (Saturday)

Stock

2019-12-30 23:06 | Report Abuse

very likely, only bjfood and bjtoto ada dividend and analyst coverage, other berjaya companies are penny stock, takda analyst coverage & takda dividend :) VT hanya care for these 2 only probably :)

@Najib Zamry You will see BJ Food flying tomorrow. Mark my words

Stock

2019-12-30 23:02 | Report Abuse

SEE WHAT THE HONGKIS SUN HUNG KAI GROUP WILL DO TO IMPROVE THE PERFORMANCE, ETC. DO NOT TREAT MALAYSIAN INVESTORS AS FOOL :)

firehawk Shares in Mulpha International closed unchanged at 20.5 sen today ....November 30, 2016

3 yrs ago, was 2.05 (10 to 1 consolidated), now 1.85 ... so those bot and keep for 3 yrs, will loss ~10%! This is the consequence invest in Mulpha!!!

Stock

2019-12-30 21:23 | Report Abuse

Better fire this non-performing CEO, :)

Shaw takes over as Mulpha International’s CEO
KUALA LUMPUR (Nov 30): Mulpha International Bhd has appointed Gregory David Shaw as its chief executive officer (CEO) with effect from Dec 2.

In a filling to Bursa Malaysia today, the group said Shaw, 57, has been serving as the CEO of Mulpha Australia Ltd, a wholly-owned subsidiary of Mulpha International, since 2015.

From 2002 to 2015, he served as the CEO of Australia-based Ardent Leisure Group (2002-2015).

Shares in Mulpha International closed unchanged at 20.5 sen today, giving it a market capitalisation of RM655.22 million. — theedgemarkets.com
WONG EE LIN
November 30, 2016

Stock

Stock: [AFFIN]: AFFIN BANK BERHAD

2019-12-30 20:21 | Report Abuse

Sudah mau pulihkah? :)

Date Close
30/12/2019. 1.85
27/12/2019 1.88
26/12/2019 1.87
24/12/2019 1.86
23/12/2019 1.90
20/12/2019 1.88
19/12/2019 1.85
18/12/2019 1.85
17/12/2019 1.84
16/12/2019 1.83
13/12/2019 1.83
12/12/2019 1.85
11/12/2019 1.89
10/12/2019 1.90
09/12/2019 1.87
06/12/2019 1.90
05/12/2019 1.87
04/12/2019 1.86
03/12/2019 1.85
02/12/2019 1.88

Stock

2019-12-30 20:19 | Report Abuse

Hongkis appointed :)

Change in Audit Committee
AFFIN BANK BERHAD

Date of change 01 Nov 2019
Name MR IGNATIUS CHAN TZE CHING
Age 62
Gender Male
Nationality Hong Kong
Type of change Appointment
Designation Member of Audit Committee
Directorate Non Independent and Non Executive
Composition of Audit Committee (Name and Directorate of members after change) (1) Encik Abd Malik bin A Rahman (Chairman)
(2) Dato' Mohd Hata bin Robani
(3) Associate Prof. Dr. Said Bouheraoua
(4) Dato' Rozalila binti Abdul Rahman
(5) Mr. Ignatius Chan Tze Ching

Remarks :
Upon confirmation of the Board Resolution.

Announcement Info
Company Name AFFIN BANK BERHAD
Stock Name AFFIN
Date Announced 29 Nov 2019
Category Change in Audit Committee
Reference Number C02-29112019-00005

Stock

2019-12-30 20:17 | Report Abuse

Jual Beli among related parties , not via the open market :)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
BERJAYA FOOD BERHAD

Particulars of substantial Securities Holder
Name TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 26 Dec 2019
2,000,000
Disposed Deemed Interest
Name of registered holder Inter-Pacific Equity Nominees (Tempatan) Sdn Bhd
Address of registered holder West Wing, Level 13, Berjaya Times Square, No. 1, Jalan Imbi, 55100 Kuala Lumpur.
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Deemed interested by virtue of his interests in Berjaya Assets Berhad, the holding company of Berjaya Bright Sdn Bhd.
-Disposed via married deal
Nature of interest Deemed Interest
Direct (units) 10,638,000
Direct (%) 2.989
Indirect/deemed interest (units) 196,851,720
Indirect/deemed interest (%) 55.308
Total no of securities after change 207,489,720
Date of notice 26 Dec 2019
Date notice received by Listed Issuer 27 Dec 2019

Remarks :
Deemed Interests held through:-
No. of Shares
--------------------
1) Berjaya Group Berhad 148,466,920
2) Country Farms Sdn Bhd 500,000
3) Juara Sejati Sdn Bhd 14,060,000
4) Berjaya Philippines Inc 3,200,000
5) Bukit Kiara Resort Berhad 540,000
6) Nural Enterprise Sdn Bhd 4,120,000
7) Staffield Country Resort Berhad 810,000
8) Berjaya Bright Sdn Bhd 13,690,000
9) Berjaya Retail Sdn Bhd 3,191,800
10) MOL.com Sdn Bhd 523,000
11) Lim Kim Hai Sales & Services Sdn Bhd 750,000
12) B & B Enterprise Sdn Bhd 1,400,000
13) U Telemedia Sdn Bhd 2,000,000
14) Convenience Shopping (Sabah) Sdn Bhd 2,900,000
15) Redtone International Berhad 700,000
-------------------
196,851,720
===========

Announcement Info
Company Name BERJAYA FOOD BERHAD
Stock Name BJFOOD
Date Announced 30 Dec 2019
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-30122019-00111

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2019-12-30 18:02 | Report Abuse

market cap tumbled to such a low level :) this hongkong sun hung kai group, so jalak :)

Market Cap: RM591 Million
NOSH: 320 Million

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2019-12-30 18:00 | Report Abuse

RM1.85 divided by 1 to 10 = 18.5sen only... cheap, current price :)

Mulpha plans 10-to-1 share consolidation
Sulhi Azman
/
theedgemarkets.com

March 21, 2017 20:52 pm +08

-A+A
KUALA LUMPUR (March 21): Energy, construction and real estate group Mulpha International Bhd has announced a 10-to-one share consolidation plan to improve its capital structure and reduce the trading volatility of its shares.

The share consolidation plan, said Mulpha, will be done on the basis of 10 existing shares for one consolidated share, which will see its share capital reduced to 319.62 million from 3.196 billion currently.

“In the past three years, Mulpha shares have been traded in wide-ranging prices from 19.5 sen to 55 sen. This represents a 64.5% change in Mulpha's transacted price from its lowest to the highest,” Mulpha said in a stock exchange filing today.

“The proposed share consolidation is also part of Mulpha’s plan to improve its capital structure,” said Mulpha, which expects the share consolidation exercise to increase its earnings per share (EPS) and net asset per share.

Mulpha added that the proposed share consolidation is not expected to have any material effect on its consolidated earnings except for the proportionate increase in its consolidated EPS as a result of the reduction in the number of shares.

Mulpha expects the share consolidation exercise to be completed by the second quarter of 2017. “The application to the relevant authorities for the Proposed Share Consolidation shall be made within one month from the date of this announcement,” Mulpha said.

Shares in Mulpha closed 0.5 sen or 1.75% lower at 28 sen today, valuing Mulpha at a market capitalisation of RM894.93 million.

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2019-12-30 16:05 | Report Abuse

P/B= 1.85/8.68 ~ 0.21 ; retained earnings as at 30/9/2019 ~ RM730mil+++ malaysian investors must be more outspoken like the hongkis against them :) Sun Hung Kai group from Hongkong :)

must demand yearly cash dividend like sun hung kai under the same boss, largest shareholder

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2019-12-30 15:09 | Report Abuse

Retained earnings RM730,523,000 as at 30/9/2019... should demand cash dividend like sun hung kai in hongKong, why double standard ? :)

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2019-12-30 14:57 | Report Abuse

malaysian investors are not as outspoken as hongkis in demanding cash dividend yearly.... then , bring along MWDG to the coming AGM to question Lee of Sun Hung Kai :)

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2019-12-30 14:25 | Report Abuse

Dont know whether VT will push up the price by buying more shares. Tomorrow, last day for window dressing

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2019-12-30 13:54 | Report Abuse

Must ask MR LEE SENG HUANG why he did not pay cash dividend to mulpha shareholders but continued to pay yearly cash dividend to his HK listed company. :)

Website shkco.com
Sun Hung Kai & Co.
Dividend History
In Hong Kong cents:

Year Interim dividend Second interim/
Final dividend Special dividend Total dividend for the year
2019 12.0
2018 12.0 14.0 26.0
2017 12.0 14.0 26.0
2016 12.0 14.0 26.0
2015 12.0 14.0 26.0
2014 10.0 14.0 2.0 26.0
2013 10.0 12.0 22.0
2012 10.0 12.0 22.0
2011 10.0 10.0 20.0
2010 10.0 18.0^ 201.3^ 229.3
2009 6.0 16.0 22.0
2008 5.0 5.0 10.0
2007 10.0 25.0 35.0
2006 5.0 10.0 15.0
2005 2.5 9.5 12.0
Work With Us
Our staff are the foundation of our success, and we want them to grow with us.

More Detail
WHAT'S NEW

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2019-12-30 13:50 | Report Abuse

[MULPHA] Change In Substantial Shareholder's Shareholding - MR LEE SENG HUANG on 20-Dec-2019
Stock [MULPHA]: MULPHA INTERNATIONAL BHD
Announcement Date 20-Dec-2019
Substantial Shareholder's Particular:
Name MR LEE SENG HUANG
Details of Changes:
Currency -
Date of Change Type Number of Shares
18-Dec-2019 Others 78,124,200
Registered Name Nautical Investments Limited
Nature of Interest Deemed Interest
Description Transmission
18-Dec-2019 Others 50,019,948
Registered Name Magic Unicorn Limited
Nature of Interest Deemed Interest
Description Transmission
Nature of Interest Deemed Interest
Shares Ordinary Shares
Reason Transmission of shares in Mount Glory Investments Limited to Mr Lee Ming Tee, as beneficiary of the Estate of Madam Yong Pit Chin
Total no of securities after change
Direct (units) 12,000,000
Direct (%) 3.76
Indirect (units) 143,650,108
Indirect (%) 44.96
Total (units) 155,650,108
Total (%) 48.72
Date of Notice 20-Dec-2019

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2019-12-30 13:49 | Report Abuse

:)

The company is controlled by Lee Seng Huang
Sun Hung Kai & Co.
From Wikipedia, the free encyclopedia
Jump to navigationJump to search
Not to be confused with Sun Hung Kai Properties.
Sun Hung Kai & Co. Limited
新鴻基有限公司
SunHungKai&Co logo.svg
Type
Listed company
Traded as SEHK: 86
Industry Financial Services
Founded 1969
Founder Mr. Fung King Hey
Mr. Kwok Tak Seng
Mr. Lee Shau Kee
Headquarters Hong Kong, People's Republic of China
Area served
Hong Kong
Key people
Chairman: Mr. Lee Seng Huang
Parent Allied Properties (H.K.) Limited
Website shkco.com
Sun Hung Kai & Co.
Traditional Chinese 新鴻基有限公司
Simplified Chinese 新鸿基有限公司
Transcriptions
Sun Hung Kai & Co. Limited is a financial services firm with a focus on Greater China, specialising in Structured Finance and Consumer Finance.[1] The company has more than 200 branches and offices across Hong Kong and Mainland China. It holds a significant strategic investment in Sun Hun Kai Financial Limited in Hong Kong. The company is controlled by Lee Seng Huang. It had about HK$14.9 billion in shareholders’ equity as of 31 December 2014. Sun Hung Kai & Co. and Sun Hung Kai Properties carry the common name “Sun Hung Kai”, which reflects a shared heritage. Yet they are two different entities with totally separate shareholders and management.

History
Sun Hung Kai & Co. was established in 1969 by Fung King Hey, Kwok Tak Seng and Lee Shau Kee. It was listed on the Hong Kong Stock Exchange in 1983. In 1996, the company was acquired from the Fung family[2] by Allied Properties (HK) Limited, a subsidiary of Allied Group Limited, an investment holding company which manages property investment and provides financial services.[3] In 2006, Sun Hung Kai & Co. Limited entered the consumer finance business by acquiring UAF Holdings Limited.[4]

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2019-12-30 13:45 | Report Abuse

ANALYSIS OF SHAREHOLDINGS
as at 20 March 2019

THIRTY LARGEST SECURITIES ACCOUNT HOLDERS BASED ON RECORD OF DEPOSITORS
No. Name of Shareholders No. of Shares % *
1. Nautical Investments Limited 75,507,000 23.64
2. Magic Unicorn Limited 50,019,948 15.66
3. Alliancegroup Nominees (Asing) Sdn Bhd
- Exempt AN for Sun Hung Kai Investment Services Limited 33,170,100 10.38
4. HSBC Nominees (Tempatan) Sdn Bhd
- Exempt AN for Credit Suisse AG (HK-CLT-T-OS PR) 12,000,000 3.76
5. JF Apex Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Paramjit Singh Gill (Margin) 7,867,300 2.46
6. Klang Enterprise Sendirian Berhad 6,690,660 2.09
7. Amsec Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Vista Power Sdn Bhd 6,463,833 2.02
8. Yong Pit Chin 4,815,300 1.51
9. Alliancegroup Nominees (Tempatan) Sdn Bhd
- Exempt AN for Sun Hung Kai Investment Services Limited (A/C Client) 4,000,000 1.25
10. First Positive Sdn Bhd 3,714,345 1.16
11. Nautical Investments Limited 2,617,200 0.82
12. Neoh Choo Ee & Company Sdn Berhad 2,600,000 0.81
13. Vista Power Sdn Bhd 2,536,370 0.79
14. HSBC Nominees (Asing) Sdn Bhd
- Morgan Stanley & Co. International Plc (Firm A/C) 2,396,800 0.75
15. Citigroup Nominees (Asing) Sdn Bhd
- CBNY for Dimensional Emerging Markets Value Fund 2,057,221 0.64
16. Citigroup Nominees (Asing) Sdn Bhd
- CBNY for Emerging Market Core Equity Portfolio DFA Investment
Dimensions Group Inc 1,885,140 0.59
17. Kenanga Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Teh Siew Wah (021) 1,834,960 0.57
18. UOB Kay Hian Nominees (Asing) Sdn Bhd
- Exempt AN for UOB Kay Hian Pte Ltd (A/C Clients) 1,814,570 0.57
19. HLB Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Tan Chang Joon 1,500,000 0.47
20. UOB Kay Hian Nominees (Tempatan) Sdn Bhd
- Exempt AN for UOB Kay Hian Pte Ltd (A/C Clients) 1,416,378 0.44
21. Lim Gaik Bway @ Lim Chiew Ah 1,401,090 0.44
22. HSBC Nominees (Asing) Sdn Bhd
- Exempt AN for The Hongkong and Shanghai Banking
Corporation Limited (PB-HKDIV-ACCL) 1,305,000 0.41
23. Citigroup Nominees (Asing) Sdn Bhd
- CBNY for DFA Emerging Markets Small Cap Series 1,254,030 0.39
24. TA Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Oh Kim Sun 1,250,000 0.39
25. Cartaban Nominees (Asing) Sdn Bhd
- BCSL Client AC PB Cayman Clients 1,040,100 0.33
26. Ong Ngoh Ing @ Ong Chong Oon 1,010,000 0.32
27. Affin Hwang Nominees (Asing) Sdn Bhd
- DBS Vickers Secs (S) Pte Ltd for Rubicon Nominees Pty Ltd 1,000,000 0.31
28. Citigroup Nominees (Asing) Sdn Bhd
- Exempt AN for OCBC Securities Private Limited (Client A/C-NR) 914,058 0.29
29. Citigroup Nominees (Asing) Sdn Bhd
- Exempt AN for UBS AG Singapore (Foreign) 835,000 0.26
30. RHB Nominees (Asing) Sdn Bhd
- Pledged Securities Account for Lee Sui Hee 815,855 0.26

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2019-12-30 13:41 | Report Abuse

GENERAL PROSPECTS AND
OUTLOOK OF THE GROUP
Over the past 3 years, the Group has focussed upon
building the diversity of earnings and becoming less reliant
upon real estate development activities. This strategy
ensured that the impact of a material slowdown in Australian
property markets in 2018 was partly offset from stronger
contributions from the Hotel, Hospitality and Education
divisions of the Group. In real estate, our initiatives to
establish a debt lending platform throughout 2017 and
2018 has enabled the Group to generate strong risk
adjusted returns in debt positions with lower risk than equity
investments. In the short to medium term, we expect that
real estate conditions in Australia will remain challenging
and as a result the Group anticipates lower returns from
development while we actively expand our debt platform
opportunities.
In Malaysia, we are focused upon creating stronger
discipline and structure into the property development
business to assist in minimising development risk and
earnings volatility. The subdued property market in Malaysia
over the last few years is expected to continue throughout
2019. In part, this is attributed to the change in government
that occurred in May 2018 heralding a new era of more
controlled growth. There is some cautious optimism for the
economy to grow with a rise in consumer spending while
the cost of living stabilises.
We are confident that our portfolio of hospitality assets is
well positioned for 2019. Our status in the luxury hotel sector
in Australia and United Kingdom in desired destinations for
tourists and business travellers will benefit from the relatively
weakened Australian Dollar and Sterling Pound. Mulpha
works closely with each of our operators to drive operational
innovation and excellent operational efficiencies. This focus
has ensured that our properties continue to outperform our
direct competitors both in revenue and profit performance.
After an extensive period of redevelopment, Hayman Island
will open in July 2019 under the InterContinental brand.
The investment in Hayman has included a range of new
infrastructure and back of house improvements that will
drive improved operational efficiencies upon reopening.
Following the acquisition of the Waldorf Hotel in Auckland
in 2018, approval has recently been obtained to subdivide
72 apartments to create 144 hotel rooms. Work on this
project is scheduled to be completed in the second half
of 2019 and will underwrite stronger profit generation in
future years. The Group continues to actively pursue an
active investment strategy in the Hotel sector to maximise
portfolio returns.
Our strategy to continue to diversity and build resilience to
earnings will continue in 2019 and beyond. In Education,
our private equity investment in Education Perfect, an
online education platform established in New Zealand
and Australia has outperformed its targets and will expand
further into international markets in 2019. Our Hotel School
joint venture has also delivered materially higher earnings
and expansion into a new Brisbane campus is planned
for late 2019. We are also actively working on building a
diversified portfolio of private equity investments in growing
companies.
While the overall Australian market is displaying greater
volatility than prior periods, we remain confident that the
Group’s specialist expertise in our key market segments of
real estate, education and hospitality will result in ongoing
expansion and improved operating results over the medium
and longer term.
GREGORY DAVID SHAW
Chief Executive Officer
4 April 2019

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2019-12-30 13:40 | Report Abuse

2018 was good

PROFIT AND LOSS ANALYSIS
2018 2017 Change
RM’000 RM’000 RM’000 % Change
Revenue 784,904 1,170,015 (385,111) (33%)
Profit from operations 219,433 318,955 (99,512) (31%)
Profit before interest and tax 399,510 551,947 (152,437) (28%)
Profit before tax 308,614 452,215 (143,601) (32%)
Profit after tax 235,729 369,189 (133,460) (36%)
Profit attributable to Owners of the Company 235,699 369,315 (133,616) (36%)
Revenue by Business Segment
2018 2017
RM’000 RM’000 % Change
Property 333,004 658,052 (49%)
Hospitality 370,216 451,107 (18%)
Investment & other activities 81,684 60,856 34%
TOTAL 784,904 1,170,015 (33%)
Profit Before Tax by Business Segment
2018 2017
RM’000 RM’000 % Change
Property 152,886 345,607 (56%)
Hospitality 92,826 31,849 191%
Investment & other activities (26,269) (58,501) 55%
Results from operating activities 219,443 318,955 (31%)
Finance Cost (90,896) (99,732) 9%
Profit after interest before tax 128,547 219,223 (41%)
Share of results of association and joint ventures 180,067 232,992 (23%)
TOTAL 308,614 452,215 (32%)

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2019-12-30 13:35 | Report Abuse

[MULPHA] Change In Substantial Shareholder's Shareholding - MANY MERIT ASIA LIMITED ("MMAL") on 20-Oct-2017
Stock [MULPHA]: MULPHA INTERNATIONAL BHD
Announcement Date 20-Oct-2017
Substantial Shareholder's Particular:
Name MANY MERIT ASIA LIMITED ("MMAL")
Details of Changes:
Currency -
Date of Change Type Number of Shares
17-Oct-2017 Acquired 2,020,020
Registered Name Alliancegroup Nominees (Asing) Sdn Bhd Exempt AN for Sun Hung Kai Investment Services Ltd for MMAL
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary Shares
Reason Acquisition of shares
Total no of securities after change
Direct (units) 23,242,900
Direct (%) 7.28
Indirect (units) 0
Indirect (%) 0.00
Total (units) 23,242,900
Total (%) 7.28
Date of Notice 20-Oct-2017

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2019-12-30 13:34 | Report Abuse

mulpha is related to hong kong listed company, sun hung kai :)

LEE SENG HUANG
Non-Independent Executive Chairman
Male, Malaysian
Mr Lee, aged 44, was educated at the University of Sydney
in Australia and has wide ranging financial services and real
estate investment experience in the Asian region.
Mr Lee is currently the Group Executive Chairman of Sun
Hung Kai & Co. Ltd, a company listed in Hong Kong. He
is also the Non-Executive Chairman of AVEO, a leading
retirement group listed on the Australian Securities
Exchange.
Mr Lee was appointed to the Board as Executive Chairman
on 15 December 2003.
Mr Lee has no directorships in other listed issuers or public
companies in Malaysia

MR LEE SENG HUANG 18-Dec-2019 Others 78,124,200 0.000 View Detail
MR LEE SENG HUANG 18-Dec-2019 Others 50,019,948 0.000 View Detail

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2019-12-30 11:07 | Report Abuse

:)

06-Dec-2018 21-Dec-2018 DIVIDEND_IN_SPECIE Dividend in specie 1 : 3.537 Dividend Detail
09-Jun-2017 28-Jun-2017 CONSOLIDATION Share Consolidation 10 : 1 Dividend Detail

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2019-12-30 11:06 | Report Abuse

MADAM YONG PIT CHIN (DECEASED) 18-Dec-2019 Notice of Person Ceasing 128,144,148 0.000 View Detail
MR LEE MING TEE 18-Dec-2019 Notice of Interest 128,144,148 0.000 View Detail
MR LEE SENG HUANG 18-Dec-2019 Others 78,124,200 0.000 View Detail
MR LEE SENG HUANG 18-Dec-2019 Others 50,019,948 0.000 View Detail
MANY MERIT ASIA LIMITED ("MMAL") 17-Oct-2017 Acquired 2,020,020 0.000 View Detail
MANY MERIT ASIA LIMITED ("MMAL") 10-Oct-2017 Acquired 1,193,500 0.000 View Detail
MANY MERIT ASIA LIMITED ("MMAL") 09-Oct-2017 Acquired 294,800 0.000 View Detail
MANY MERIT ASIA LIMITED 29-Sep-2017 Notice of Interest 19,734,580 0.000 View Detail
MADAM YONG PIT CHIN 03-Jul-2017 Others 78,124,200 0.000 View Detail
MADAM YONG PIT CHIN 03-Jul-2017 Others 50,019,948 0.000 View Detail
MADAM YONG PIT CHIN 03-Jul-2017 Others 6,690,660 0.000 View Detail
MADAM YONG PIT CHIN 03-Jul-2017 Others 4,815,300 0.000 View Detail
MADAM YONG PIT CHIN 03-Jul-2017 Others 4,000,000 0.000 View Detail
MAGIC UNICORN LIMITED 03-Jul-2017 Others 50,019,948 0.000 View Detail
MOUNT GLORY INVESTMENTS LIMITED 03-Jul-2017 Others 78,124,200 0.000 View Detail
MOUNT GLORY INVESTMENTS LIMITED 03-Jul-2017 Others 50,019,948 0.000 View Detail
MOUNTBATTEN CORPORATION 03-Jul-2017 Others 78,124,200 0.000 View Detail
MR LEE SENG HUANG 03-Jul-2017 Others 78,124,200 0.000 View Detail
MR LEE SENG HUANG 03-Jul-2017 Others 50,019,948 0.000 View Detail
MR LEE SENG HUANG 03-Jul-2017 Others 6,690,660 0.000 View Detail
MR LEE SENG HUANG 03-Jul-2017 Others 6,000,000 0.000 View Detail
MR LEE SENG HUANG 03-Jul-2017 Others 4,815,300 0.000 View Detail
MR LEE SENG HUANG 03-Jul-2017 Others 4,000,000 0.000 View Detail
NAUTICAL INVESTMENTS LIMITED 03-Jul-2017 Others 78,124,200 0.000 View Detail

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2019-12-30 10:29 | Report Abuse

Major shareholders:

Berjaya Corp. Bhd., UBS A/G London, Norges Bank

42.6% 5.3% 5.2%

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2019-12-30 10:28 | Report Abuse

Malaysia
THIS REPORT HAS BEEN PREPARED BY MAYBANK INVESTMENT BANK BERHAD SEE PAGE 6 FOR IMPORTANT DISCLOSURES AND ANALYST CERTIFICATIONS
PP16832/01/2013 (031128)
Note: FYE changed to June from April, from FY19 onwards (14 months in FY19)
Jade Tam jade.tam@maybank-ib.com (603) 2297 8687

Berjaya Food (BFD MK) 1QFY20 results missed
Maintain BUY; Expect sequential profit improvement 1Q20 core net profit missed our and consensus estimates on higher-thanexpected finance cost and MFRS16 adoption. We lower our FY20-FY22 earnings estimates by 8%-16% but expect sequentially better earnings from robust sales in BStarbucks given several upcoming festivities. Maintain BUY with 10% lower MYR1.80 TP (-20sen) pegged to unchanged 27x FY20 PER (-0.5SD to historical mean). Results below expectations Excluding a net one-off gain of MYR0.4m from a forex gain and writedown of PPE, BFD‟s 1QFY20 core net profit of MYR4m was below expectations reflecting only 14%/13% of our/consensus full-year earnings estimates. The shortfall was mainly due to higher-than-expected finance cost and BFD‟s adoption of MFRS16. BFD announced a first interim dividend of 1sen, as expected. This is the 1st quarter under BFD‟s revised FYE (June); no comparable YoY or QoQ data was provided (see Fig. 1). Slow start for BStarbucks With the absence of major holidays during 1QFY20, BStarbucks reported flat SSSG (FY19 SSSG: +3%), while Kenny Rogers Roasters (KRR) Malaysia and Singapore reported -2.0% and +1% SSSG, respectively. On outlet expansion, we understand that BStarbucks opened +12 new stores but closed 3 underperforming KRR Malaysia stores in 1QFY20. This brings total store count of BStarbucks to 303 stores and KRR Malaysia to 77 stores. Note that BFD adopted MFRS 16 in 1QFY20 where a „right-of-use approach‟ is required to be used by lessees to reflect the rights and obligations from lease contracts on their balance sheet. As a result, this adversely impacted BFD‟s 1QFY20 pre-tax profit by -MYR2.2m. Lowered FY20-FY22 earnings estimates by 8-16% Into FY20, bottomline should improve in sequential quarters driven by BStarbucks‟ (i) ongoing store expansion; and (ii) higher sales during the year-end holiday festivities in 2Q and Chinese New Year in 3Q. Our model has imputed for +25 new BStarbuck stores p.a. in FY20-FY22. Meanwhile, KRR Malaysia‟s earnings could continue to underperform given stiff competition in the near-term. Upon factoring the soft 1QFY20 results, we lower our FY20/FY21/22 earnings estimates by 16%/11%/8%

Statistics 52w high/low (MYR) 3m avg turnover (USDm) Free float (%) Issued shares (m) Market capitalisation
Major shareholders:
42.6% 5.3% 5.2%
382
0.1
Berjaya Food engages in the development and operation of the Starbucks, Kenny Rogers Roasters and Jollibean Foods café and restaurant chains.
Berjaya Corp. Bhd. UBS A/G London Norges Bank
1.81/1.29
40.0
MYR523.2M USD126M

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2019-12-30 10:15 | Report Abuse

For Berjaya group of companies, only bjfood and bjtoto have dividend and analyst coverage, the rest is penny stock without dividend and analyst coverage. mau play VT punya stock, hanya bjtoto and bjfood adalah berbaloi :)

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