Najib's Arabian Tale over his AmBank account raises some serious questions about the bank's anti-money laundering procedures that will be scrutinised in the event of his threatened action against the bank that protected his billion dollar accounts for so long: http://www.sarawakreport.org/2019/12/why-najibs-threatened-legal-action-will-trouble-ambank-and-australias-anz/

Maybe, delisted soon. Counting the day

can keep some if got spare cash :)

MR KHOO CHENG HAI @ KU CHENG HAI 21-Oct-2019 Acquired 760,100 0.771 View Detail
MR KU HWA SENG 21-Oct-2019 Acquired 760,100 0.771 View Detail
MR KHOO CHENG HAI @ KU CHENG HAI 08-Oct-2019 Acquired 2,054,800 0.773 View Detail
MR KU HWA SENG 08-Oct-2019 Acquired 2,054,800 0.773 View Detail
MR KHOO CHENG HAI @ KU CHENG HAI 13-Sep-2019 Acquired 2,157,300 0.793 View Detail
MR KU HWA SENG 13-Sep-2019 Acquired 2,157,300 0.793 View Detail
MR KU TIEN SEK 08-Jul-2019 Acquired 1,153,000 0.780 View Detail
MR KHOO CHENG HAI @ KU CHENG HAI 02-Jul-2019 Acquired 1,730,000 0.786 View Detail
MR KU HWA SENG 02-Jul-2019 Acquired 1,730,000 0.786 View Detail
MR KHOO CHENG HAI @ KU CHENG HAI 18-Jun-2019 Acquired 1,949,900 0.792 View Detail
MR KU HWA SENG 18-Jun-2019 Acquired 1,949,900 0.792 View Detail
MR KHOO CHENG HAI @ KU CHENG HAI 16-Apr-2019 Acquired 1,628,200 0.893 View Detail
MR KU HWA SENG 16-Apr-2019 Acquired 1,628,200 0.893 View Detail
MR KHOO CHENG HAI @ KU CHENG HAI 01-Apr-2019 Acquired 1,278,900 0.906 View Detail
MR KU HWA SENG 01-Apr-2019 Acquired 1,278,900 0.906 View Detail
MR KHOO CHENG HAI @ KU CHENG HAI 05-Mar-2019 Acquired 1,518,600 0.852 View Detail
MR KU HWA SENG 05-Mar-2019 Acquired 1,518,600 0.852 View Detail
MR KHOO CHENG HAI @ KU CHENG HAI 23-Jan-2019 Acquired 1,406,000 0.841 View Detail
MR KU HWA SENG 23-Jan-2019 Acquired 1,406,000 0.841 View Detail
MR KHOO CHENG HAI @ KU CHENG HAI 10-Jan-2019 Acquired 1,168,400 0.715 View Detail
MR KU HWA SENG 10-Jan-2019 Acquired 1,168,400 0.715 View Detail
MR KHOO CHENG HAI @ KU CHENG HAI 04-Jan-2019 Acquired 820,200 0.695 View Detail
MR KU HWA SENG 04-Jan-2019 Acquired 820,200 0.695 View Detail
MR KHOO CHENG HAI @ KU CHENG HAI 02-Jan-2019 Acquired 937,700 0.695 View Detail
MR KU HWA SENG 02-Jan-2019 Acquired 937,700 0.695

:)

This article first appeared as "Four companies in the running for marine vessel job" in The Edge Malaysia Weekly, on December 9, 2019 - December 15, 2019.



FOUR public-listed companies are eyeing a RM220 million contract to build 18 fast interceptor craft (FIC) for the Royal Malaysian Navy (RMN) as it is likely to be the only big-ticket item that will be awarded for the armed forces over the next few months.

Boustead Heavy Industries Corp Bhd (BHIC), Destini Bhd, Muhibbah Engineering (M) Bhd and TH Heavy Engineering Bhd (THHE) are said to have submitted bids to build and deliver the FIC, say sources with knowledge of the matter.

“As BHIC is majority-owned by Lembaga Tabung Angkatan Tentera, naturally RMN prefers the contract to be awarded to the company. However, the Ministry of Defence will find the best candidate after looking at the overall package,” says a source associated with one of the candidates and who liaises with the ministry.

Another source says BHIC might not be awarded the contract as it is still racing against time and a tight budget to complete the littoral combat ships (LCS) in its shipping yard in Lumut.

At press time, the company had not responded to The Edge’s request for confirmation that it was bidding for the contract.

The LCS job, awarded to BHIC eight years ago in December 2011, is currently mired in a cost overrun and delay as delivery was originally scheduled for 2017.

The RM9 billion contract involves six frigates designed by France’s Naval Group, formerly DCNS. Four of them are being constructed at BHIC’s Boustead Naval Shipyard in Lumut, Perak. The first vessel, the KD Maharaja Lela, was launched on Aug 24, 2017, and was to be followed by a second vessel this year.

The cost overrun of the LCS job, estimated at RM1.4 billion more than the contractual amount, might be a point of contention if BHIC is awarded the FIC contract. Indeed, the Royal Malaysian Naval Veterans Association has lodged a report with the Malaysian Anti-Corruption Commission with regard to the cost overrun and delay in the delivery of the LCS.

While the FIC is a much smaller vessel, to be deployed to patrol the Sabah east coast for non-state intrusions, it is still a major asset for RMN.

The LCS cost overrun impacted BHIC’s profitability in its financial year ended Dec 31, 2018 (FY2018), as the group registered a loss after tax of RM108 million after recognising variation orders and higher project finance cost in the fourth quarter of the year.

BHIC was also awarded a contract to build four littoral mission ships (LMS) worth RM1.17 billion. However, the new Pakatan Harapan government decided that all four units would be built in China by BHIC’s partner shipyard instead of two in Malaysia and two in the republic.

“The group is pursuing additional claims with the relevant authorities to recover the costs arising therefrom,” says BHIC executive deputy chairman and managing director Tan Sri Ahmad Ramli Mohd Nor in the company’s 2018 annual report.

BHIC also owns and operates three other yards in the country — in Penang, Langkawi and a special yard for the servicing of the country’s two submarines in Sapanggar Bay in Kota Kinabalu, Sabah.

The Penang yard engages in shipbuilding, ship repair and servicing of various types of vessels, including anchor handling tugs, cargo ships and tankers, while the Langkawi facility specialises in the repair and service of leisure craft, such as sailing boats and yachts.

Destini’s interest in the FIC contract was confirmed by a source, although questions to the group’s representative went unanswered at press time. The company has experience in building vessels for the Malaysian Marine Enforcement Agency (MMEA) and is currently constructing three 83m offshore patrol vessels (OPVs) for the agency in collaboration with TH Fabricators Sdn Bhd, a subsidiary of THHE.

In January 2017, THHE Destini Sdn Bhd, the joint-venture company, received a letter of award from the government for the supply, delivery, testing and commissioning of the OPVs worth RM738.9 million. It will take about 3½ years from the time the contract was signed for all three vessels to be delivered.

In July 2015, Destini acquired for RM90 million Destination Marine Services Sdn Bhd, a company that was awarded the RM381.3 million contract to build and deliver six patrol vessels for the MMEA.

While Destini too is building vessels for the security forces, the OPVs are being built in its partner’s yard in Pulau Indah, Port Klang. So, if Destini were awarded the FIC contract, it will still have capacity in its yard.

The group is raising an estimated RM49.7 million through a private placement to a third-party investor. The funds will be used to repay bank borrowings and finance working capital requirements for existing and new projects.

The source says Destini went solo in the FIC bid. “It did not partner any party.”

SHAREHOLDINGS
(As at 28 February 2019)


30 Largest Shareholders

No. Name of shareholders No. of shares %
1 LEMBAGA TABUNG ANGKATAN TENTERA 1,204,952,018 59.45
2 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 204,293,392 10.08
3 CITIGROUP NOMINEES (TEMPATAN) SDN BHD 103,504,248 5.10
EMPLOYEES PROVIDENT FUND BOARD
4 CITIGROUP NOMINEES (TEMPATAN) SDN BHD 62,577,587 3.09
EXEMPT AN FOR AIA BHD.
5 CHINCHOO INVESTMENT SDN.BERHAD 19,743,000 0.97
6 CIMSEC NOMINEES (TEMPATAN) SDN BHD 19,600,000 0.97
CIMB BANK FOR CHE LODIN BIN WOK KAMARUDDIN (PBCL-0G0052)
7 KEY DEVELOPMENT SDN.BERHAD 18,927,857 0.93
8 GAN TENG SIEW REALTY SDN.BERHAD 17,068,921 0.84
9 CIMSEC NOMINEES (TEMPATAN) SDN BHD 15,339,530 0.76
CIMB FOR CHE LODIN BIN WOK KAMARUDDIN (PB)
10 CHE LODIN BIN WOK KAMARUDDIN 12,872,000 0.63
11 YONG SIEW YOON 12,239,731 0.60
12 CARTABAN NOMINEES (TEMPATAN) SDN BHD 12,147,786 0.60
ICAPITAL.BIZ BERHAD
13 CITIGROUP NOMINEES (ASING) SDN BHD 11,983,491 0.59
CBNY FOR DIMENSIONAL EMERGING MARKETS VALUE FUND
14 GEMAS BAHRU ESTATES SDN. BHD. 6,917,780 0.34
15 BIDOR TAHAN ESTATES SDN.BHD. 6,435,268 0.32
16 MIKDAVID SDN BHD 5,914,162 0.29
17 HONG LEONG ASSURANCE BERHAD 5,491,274 0.27
AS BENEFICIAL OWNER (LIFE PAR)
18 UOB KAY HIAN NOMINEES (ASING) SDN BHD 5,426,091 0.27
EXEMPT AN FOR UOB KAY HIAN PTE LTD ( A/C CLIENTS )
19 CITIGROUP NOMINEES (ASING) SDN BHD 4,863,731 0.24
CBNY FOR EMERGING MARKET CORE EQUITY PORTFOLIO
DFA INVESTMENT DIMENSIONS GROUP INC
20 RENGO MALAY ESTATE SENDIRIAN BERHAD 4,847,981 0.24
21 CIMSEC NOMINEES (TEMPATAN) SDN BHD 4,446,275 0.22
CIMB BANK FOR DATO’ CHE LODIN BIN WOK KAMARUDDIN (MM0197)
22 CHINCHOO HOLDINGS (S) PRIVATE LIMITED 3,987,286 0.20
23 OOI CHIENG SIM 3,349,400 0.17
24 HSBC NOMINEES (ASING) SDN BHD 2,962,317 0.15
EXEMPT AN FOR BANK JULIUS BAER & CO. LTD. (SINGAPORE BCH)
25 CITIGROUP NOMINEES (ASING) SDN BHD 2,775,328 0.14
CBNY FOR DFA EMERGING MARKETS SMALL CAP SERIES
26 YEOH SAIK KHOO SENDIRIAN BERHAD 2,514,980 0.12
27 CIMSEC NOMINEES (ASING) SDN BHD 2,422,020 0.12
EXEMPT AN FOR CGS-CIMB SECURITIES (SINGAPORE) PTE. LTD.
(RETAIL CLIENTS)
28 INTER-PACIFIC EQUITY NOMINEES (ASING) SDN BHD 2,393,378 0.12
PLEDGED SECURITIES ACCOUNT FOR MAK SENG FOOK
29 AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. 2,330,204 0.11
YAYASAN WARISAN PERAJURIT
30 UOB KAY HIAN NOMINEES (TEMPATAN) SDN BHD 2,156,000 0.11
PLEDGED SECURITIES ACCOUNT FOR LIM HUA KUANG
TOTAL 1,784,483,036 88.04

Giant project :)

KSL Esplanade Mall is built within 18 acres land in Bandar Bestari



https://www.kslbandarbestari.com/ksl-esplanade-mall

:)

KSL wins BCI Asia award, again | New Straits Times ...
https://www.nst.com.my › property › 2019/07 › ksl-wins-bci-asia-award-a...
Jul 4, 2019 - KSL Holdings Bhd's property arm, Khoo Soon Lee Realty Sdn Bhd, ... were KSL Esplanade Mall in the Bandar Bestari township in Klang and ...

interesting :)

Founders of KSL Holdings acquiring more shares in property ...
https://www.edgeprop.my › content › founders-ksl-holdings-acquiring-mo...
Jul 13, 2019 - The report also stated that the Ku brothers (founders of KSL) control Premiere Sector Sdn Bhd – the Johor-based developer's single largest ...
KSL cash pile soars with higher profit but, sorry, no dividend ...
https://www.theedgemarkets.com › article › ksls-cash-pile-rises-higher-prof...
Aug 27, 2019 - KSL Holdings Bhd announced a 59.4% jump in net profit to RM67.78 million in its second quarter ended June 30, 2019 (2QFY19) from ...
KSL's founders tighten grip on company | The Edge Markets
https://www.theedgemarkets.com › article › ksls-founders-tighten-grip-co...
Jul 22, 2019 - THE last few months have seen the founders of KSL Holdings Bhd acquiring more shares in the Johor-based property developer, at a time ...

good rating :)

KSL HOTEL & RESORT: UPDATED 2019 Reviews, Price ...
https://www.tripadvisor.com.my › ... › Johor Bahru › Johor Bahru Hotels
Rating: 4 - ‎4,131 reviews - ‎Price range: RM 178 - RM 558 (Based on Average Rates for a Standard Room)
KSL Hotel & Resort, Johor Bahru: 4131 Hotel Reviews, 2383 traveller photos, and great ... at the hotel or you could include it during the booking at our website.
Which popular attractions are close to KSL Hotel & Resort?
What are some of the property amenities at KSL Hotel & Resort?
Which room amenities are available at KSL Hotel & Resort?
Show more
KSL Hotel & Resort in Johor Bahru - Room Deals, Photos ...
https://www.agoda.com › Malaysia Hotels › Johor Bahru Hotels
Rating: 7.8/10 - ‎43,398 reviews - ‎Price range: room rates from $39 per night (USD) - We Price Match!
Best Price Guarantee ➤ Nightly rates at KSL Hotel & Resort as low as $39. Located in the Johor Bahru City Center area of Johor Bahru, Malaysia ✓ Read Real ...
Distance to city center‎: ‎4 KM Distance to airport‎: ‎19.8 km
Location rating‎: ‎8.6 Nearest airport‎: ‎Senai International Airport ..

MCT vs BCB vs KSL, which is one better ? :)


MCT Financial Information - 32sen
Market Capital (RM)
: 466.24m
EPS: 4.36sen
PE Ratio: 7.35
ROE (%): 6.98

Number of Share
: 1.457b
NTA (RM)
: 0.625
Par Value (RM)
: 0.500

BCB Financial Information- 36.5sen
Market Capital (RM)
: 150.56m
Number of Share
: 412.50m
EPS (cent)
: 10.85 *
P/E Ratio
: 3.36
ROE (%)
: 9.43
NTA (RM)
: 1.150
Par Value (RM)
: 0.500

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.


KSL Financial Information - 77.5sen
Market Capital (RM)
: 804.07m
Number of Share
: 1.038b
EPS (cent)
: 22.70 *
P/E Ratio
: 3.41
ROE (%)
: 7.80
NTA (RM)
: 2.910
Par Value (RM)
: 0.500

MCT vs BCB vs KSL, which is one better ? :)


MCT Financial Information - 32sen
Market Capital (RM)
: 466.24m
EPS: 4.36sen
PE Ratio: 7.35
ROE (%): 6.98

Number of Share
: 1.457b
NTA (RM)
: 0.625
Par Value (RM)
: 0.500

BCB Financial Information- 36.5sen
Market Capital (RM)
: 150.56m
Number of Share
: 412.50m
EPS (cent)
: 10.85 *
P/E Ratio
: 3.36
ROE (%)
: 9.43
NTA (RM)
: 1.150
Par Value (RM)
: 0.500

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.


KSL Financial Information - 77.5sen
Market Capital (RM)
: 804.07m
Number of Share
: 1.038b
EPS (cent)
: 22.70 *
P/E Ratio
: 3.41
ROE (%)
: 7.80
NTA (RM)
: 2.910
Par Value (RM)
: 0.500

MCT vs BCB vs KSL, which is one better ? :)


MCT Financial Information - 32sen
Market Capital (RM)
: 466.24m
EPS: 4.36sen
PE Ratio: 7.35
ROE (%): 6.98

Number of Share
: 1.457b
NTA (RM)
: 0.625
Par Value (RM)
: 0.500

BCB Financial Information- 36.5sen
Market Capital (RM)
: 150.56m
Number of Share
: 412.50m
EPS (cent)
: 10.85 *
P/E Ratio
: 3.36
ROE (%)
: 9.43
NTA (RM)
: 1.150
Par Value (RM)
: 0.500

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.


KSL Financial Information - 77.5sen
Market Capital (RM)
: 804.07m
Number of Share
: 1.038b
EPS (cent)
: 22.70 *
P/E Ratio
: 3.41
ROE (%)
: 7.80
NTA (RM)
: 2.910
Par Value (RM)
: 0.500

Based on BPlant, BHP, BHIC , Affin bANK and Pharma, 4Q2019 should be +, fingers crossed :)

+4BHIC=+4Bstead. new chairman holds 8%+ in BHIC, wont destroy own money, i guess :)

many changes in Bstead group indeed :)

PETALING JAYA: BOUSTEAD HEAVY INDUSTRIES CORP Bhd (BHIC) has appointed Tan Sri Ramlan Mohamed Ali as its chairman effective Dec 1.

In a filing with Bursa Malaysia yesterday, the group said Ramlan was appointed as BHIC non-independent non-executive director early on July 10 this year.

He formerly served on the board of Lembaga Tabung Angkatan Tentera (LTAT), which has an 8% stake in BHIC.

It is worth noting that BHIC has seen several changes of its board members in the past weeks following the changes in leadership in Boustead and LTAT.

+4BHP= +4Bstead :)

KUALA LUMPUR: The RM2.2bil fuel Targeted Subsidy Programme (PSP) will be launched in January next year and is expected to benefit more than eight million motorists.

Finance Minister Lim Guan Eng said individuals who owned not more than two cars and two motorcycles were eligible to receive PSP for one vehicle.

The qualifying criteria is for the passenger car to have a 1,600cc engine and below or 1,600cc and above which is more than 10 years old.

For motorcycles, it must be 150cc and below; if it is over 150cc, it must be at least seven years old.No luxury vehicles are qualified to receive the targeted subsidies, said Lim.


For eligible recipients of Bantuan Sara Hidup (BSH), the petrol subsidy receivable will be RM30 per month for car owners and RM12 per month for motorcycle owners.

This subsidy will be in the form of cash transfer deposited into the recipient’s bank account every four months, with the first to be made in April 2020 for the first four months of the year.

Motorists who are not BSH recipients will receive a special Kad95 allowing them to enjoy the fuel subsidy at a discount of 30 sen per litre limited to 100 litres per month for cars or 40 litres per month for motorcycles when purchasing RON95 at the petrol station.

The Kad95 will be implemented progressively during the first quarter of 2020.

Lim said once the fuel subsidy scheme starts, the prices of RON95 petrol and diesel will be gradually floated to reduce leakages and cross-border smuggling of subsidised fuel.

The fuel subsidy will kick in whenever the RON95 market price determined by the Automatic Pricing Mechanism (APM) is above RM2.08 per litre, but no fuel subsidy will be given when the APM price falls below RM2.08 per litre.

Motorists in Sabah and Sarawak will continue to enjoy a fuel price ceiling of RM2.08 per litre for RON95 and RM2.18 per litre for diesel.

Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution said the government also included the criteria for M40 recipients, for those who own not more than two cars and two motorcycles, due to public demand.

“After the announcement of the petrol subsidy programme on Oct 7, the ministry received feedback from the people, especially calls for the M40 group to be eligible for the subsidy, ” he said.

also +4Bstead :)

Tuesday, 17 Dec 2019


Group chief executive officer Kamarul Ariffin Mohd Jamil said Affin Bank currently has more than 900,000 debit and credit cardholders and aims to break the one million milestone next year

KUALA LUMPUR: Affin Bank Bhd is targeting to grow the cardholder base for both its debit and credit cards by 15% next year.


Group chief executive officer Kamarul Ariffin Mohd Jamil said Affin Bank currently has more than 900,000 debit and credit cardholders and aims to break the one million milestone next year through various campaigns and initiatives. — Bernama

+4Bstead :)

Tuesday, 19 Nov 2019


PETALING JAYA: Pharmaniaga Bhd’s wholly owned unit, Pharmaniaga Logistics Sdn Bhd (PLSB), has received an official letter from the Health Ministry extending its medicine and medical supply contract until end-2021.

In a statement, the integrated pharmaceutical group said the interim extension of 25 months would commence on Dec 1, following the end of its long-running exclusive concession on Nov 30.

In addition, PLSB is allowed to continue providing logistics and distribution services to the Health Ministry for a period of five years, ending Dec 31, 2024.

“Pharmaniaga is thankful to the government for continuing to place its trust in us and for its recognition of our performance in delivering services for the benefit of the rakyat in line with our motto, Passion for Patients.


“Moving forward, we remain focused on providing high standards of service and strong operational efficiency to ensure that all key performance indicators are met,” it said.

Good to hear that :)

@lcng123 We can't do anything if the management don't want to pay dividend. They said they will pay dividend after the KSL City Mall Klang start operation on next year or 2021. I decided to wait and play patient with management and see whether they wanna pay dividend or not finally.

:)

BOUSTEAD Holdings Bhd — which has yet to complete the sale of the Royale Chulan Bukit Bintang Hotel, a transaction it entered into 22 months ago — is evaluating the possible disposal of a second asset in Jalan Bukit Bintang.

A few months ago, Boustead had invited bids for two adjacent parcels of land on the corner of Jalan Bukit Bintang and Jalan Pudu and set a collective reserve price of RM172 million for the plots, which are currently being operated as a parking lot. The government-linked company continues to receive enquiries about the 1.71-acre parcel, even after a tender exercise closed in July.

“Yes, we did invite tenders for this parcel of land. The tender exercise closed in July,” a Boustead spokesman says when asked to confirm the authenticity of a document sighted by The Edge, inviting interested parties to submit their offers. “However, the bids we received were not up to expectations and, as such, we have put this matter in abeyance.”

Nevertheless, Boustead has continued to receive interest from both local and overseas individuals, the spokesman says.“At this juncture, we are still evaluating [our options] and have not reached any conclusion on this parcel of land.”

The two parcels — where the former Cathay Cinema and Pavilion Cinema were located — are registered under Pavilion Entertainment Centre (M) Sdn Bhd. Pavilion Entertainment is equally held by Boustead and Yew Capital Management (M) Sdn Bhd. The original plan was to build a commercial complex and serviced apartments on the site.

Although Boustead did not specifically say why it had conducted the tender exercise, it is worth noting that the group posted its first net loss in 17 years in the financial year ended Dec 31, 2018 (FY2018). The loss amounted to RM469 million on revenue of RM10.19 billion. In addition, the conglomerate has yet to complete the sale of the Royale Chulan Hotel. In February 2018, Boustead inked a deal to sell the hotel for RM197 million. So far, it has received only 10%, or RM19.7 million as deposit from the purchaser, Singapore-listed Hotel Royal Ltd.

In the first nine months ended Sept 30, Boustead’s net loss widened to RM153.1 million from the previous corresponding period. Revenue rose 6% to RM7.79 billion. Borrowings as at Dec 31 last year were RM7.53 billion, of which RM4.86 billion were short term. By Sept 30 this year, its total borrowings had increased to RM8.19 billion with short-term borrowings at RM4.55 billion. Cash balances stood at RM1.16 billion and it has RM1.42 billion in current receivables.

In an announcement dated Aug 30, Hotel Royal informed the Singapore Stock Exchange that Boustead had agreed to further extend the completion period of the conditions precedent in the sales and purchase agreement to Dec 31 from Sept 14, so the company has sufficient time to obtain the required approvals from the respective federal and state authorities. The purchase is expected to be completed one month after the conditions precedent are met.

In July, Boustead aborted plans to buy multiple pieces of leasehold commercial land totalling 10.34 acres in Bukit Jalil for RM172.78 million from its largest shareholder, Lembaga Tabung Angkatan Tentera. Boustead did not say why it had aborted the deal that was executed in December 2016.

The tender documents sighted by The Edge show that the Bukit Bintang parcels — Lots 20006 and 670 — are freehold lots measuring 74,023 sq ft and 990 sq ft respectively. The Mass Rapid Transit line runs underground adjacent to Lot 20006. Based on the reserve price of RM172 million, the psf price for the combined 75,013 sq ft parcel is RM2,293 psf.

A property valuer contacted by The Edge says that at RM2,293 psf, the price is fair for the Bukit Bintang area. Another valuer tells The Edge, “If the seller is able to find a buyer at the reserve price it is a very good price.”

It is worth noting that just 750m away from the site, Tan Sri Desmond Lim Siew Choon of Malton Bhd and Pavilion Real Estate Investment Trust set a new record for land prices in the city when he purchased a small parcel of land next to Pavilion Kuala Lumpur for RM7,209 psf.

A search on the Companies Commission of Malaysia website on Pavilion Entertainment shows that the directors of Pavilion Entertainment are Choo MeiLeen, Chan Hua Eng, Datuk Seri Ghazali Mohd Ali, Koo Hock Fee and Long Chay Tai. Yew Capital Management is held by Theng Realty Sdn Bhd (64.7%) and Cathay Investments Sdn Bhd (35.3%).

In 2017, the founding family of Cathay Organisation’s Cathay movie theatre chain sold its cinema operations for S$230 million to mm2 Asia. The sale included 19 cinemas in Malaysia and the rights to the Cathay brand name. Cathay Organisation managing director Choo MeiLeen said the decision to sell the 80-year-old business was difficult.

this year, belum ada share buyback, this month kah? :)



26-Apr-2018 26-Apr-2018 Buyback 500,000 0.925 0.930 View Detail
25-Apr-2018 26-Apr-2018 Buyback 979,900 0.925 0.930 View Detail
25-Apr-2018 25-Apr-2018 Buyback 479,900 0.930 0.930 View Detail
06-Apr-2018 06-Apr-2018 Buyback 52,100 0.930 0.930 View Detail
05-Apr-2018 05-Apr-2018 Buyback 500,000 0.930 0.930 View Detail
04-Apr-2018 04-Apr-2018 Buyback 1,048,200 0.940 0.945 View Detail
03-Apr-2018 06-Apr-2018 Buyback 1,917,100 0.930 0.950 View Detail
03-Apr-2018 03-Apr-2018 Buyback 316,800 0.945 0.950 View Detail
29-Mar-2018 29-Mar-2018 Buyback 88,100 0.935 0.945 View Detail
26-Mar-2018 26-Mar-2018 Buyback 49,700 0.950 0.955 View Detail
22-Mar-2018 29-Mar-2018 Buyback 165,200 0.935 0.975 View Detail
22-Mar-2018 22-Mar-2018 Buyback 27,400 0.975 0.975 View Detail
20-Mar-2018 20-Mar-2018 Buyback 300,000 1.000 1.000 View Detail
16-Mar-2018 16-Mar-2018 Buyback 1,000,000 1.010 1.010 View Detail
14-Mar-2018 20-Mar-2018 Buyback 1,800,000 1.000 1.010 View Detail
14-Mar-2018 14-Mar-2018 Buyback 500,000 1.010 1.010 View Detail
13-Mar-2018 13-Mar-2018 Buyback 558,100 1.000 1.010 View Detail
12-Mar-2018 12-Mar-2018 Buyback 323,300 1.010 1.010 View Detail
09-Mar-2018 09-Mar-2018 Buyback 102,700 1.010 1.010 View Detail
07-Mar-2018 07-Mar-2018 Buyback 734,600 1.010 1.010 View Detail
06-Mar-2018 06-Mar-2018 Buyback 586,100 1.010 1.020 View Detail
02-Mar-2018 13-Mar-2018 Buyback 3,143,800 1.000 1.030 View Detail
02-Mar-2018 02-Mar-2018 Buyback 839,000 1.020 1.030 View Detail
12-Dec-2017 12-Dec-2017 Buyback 250,000 1.150 1.150 View Detail
12-Dec-2017 12-Dec-2017 Buyback 250,000 1.150 1.150

This year, they never use company's funds for share buyback :)

Tuesday, 26 Nov 2019

5:06PM KSL Nine-month net profit 144.332 million (increased 8.63%)


Tuesday, 22 Oct 2019

5:04PM KSL KHOO CHENG HAI @ KU CHENG HAI (760,100 units Acquired)

5:04PM KSL KU HWA SENG (760,100 units Acquired)

5:04PM KSL KU HWA SENG (760,100 units Acquired)

5:04PM KSL KHOO CHENG HAI @ KU CHENG HAI (760,100 units Acquired)


Tuesday, 15 Oct 2019

5:27PM KSL Change of Address


Wednesday, 9 Oct 2019

5:06PM KSL KHOO CHENG HAI @ KU CHENG HAI (2,054,800 units Acquired)

5:06PM KSL KU HWA SENG (2,054,800 units Acquired)

5:06PM KSL KU HWA SENG (2,054,800 units Acquired)

5:06PM KSL KHOO CHENG HAI @ KU CHENG HAI (2,054,800 units Acquired)


Tuesday, 17 Sep 2019

5:12PM KSL KU HWA SENG (2,157,300 units Acquired)

5:12PM KSL KHOO CHENG HAI @ KU CHENG HAI (2,157,300 units Acquired)

5:12PM KSL KHOO CHENG HAI @ KU CHENG HAI (2,157,300 units Acquired)

5:12PM KSL KU HWA SENG (2,157,300 units Acquired)


Tuesday, 27 Aug 2019

5:05PM KSL 1H net profit 96.649 million (increased 22.68%)


Thursday, 1 Aug 2019

12:35PM KSL Resignation of SANTHI A/P SAMINATHAN As Others

12:35PM KSL Appointment of LIM PEI CHENG As Others

12:35PM KSL Resignation of LEONG SIEW FOONG As Others


Tuesday, 9 Jul 2019

5:40PM KSL KU TIEN SEK (1,153,000 units Acquired)

5:40PM KSL KU TIEN SEK (1,153,000 units Acquired)


Wednesday, 3 Jul 2019

5:14PM KSL KHOO CHENG HAI @ KU CHENG HAI (1,730,000 units Acquired)

5:14PM KSL KU HWA SENG (1,730,000 units Acquired)

5:14PM KSL KU HWA SENG (1,730,000 units Acquired)

5:14PM KSL KHOO CHENG HAI @ KU CHENG HAI (1,730,000 units Acquired)


Wednesday, 19 Jun 2019

5:09PM KSL KU HWA SENG (1,949,900 units Acquired)

5:09PM KSL KHOO CHENG HAI @ KU CHENG HAI (1,949,900 units Acquired)

5:09PM KSL KU HWA SENG (1,949,900 units Acquired)

5:09PM KSL KHOO CHENG HAI @ KU CHENG HAI (1,949,900 units Acquired)

Paying dividend will boost the share price instead of share buyback. Some old directors might think that the share buyback boosted the share price immediately and those wanted dividend could exit by selling at higher price :)


@RVI123 KSL bosses has to pay income tax of 30% for the directors fees as their income are more than RM2mil per year. If they receive the payment through dividends, the dividends are only subjected to 24% corporate tax. It is advisable for KSL to start paying dividends again and let KSL becomes an attractive counter for the investors again.

Recent Prices
Date Open Range Close Change Volume
16/12/2019 0.94 0.935 - 0.945 0.945 +0.005 (0.53%) 103,700
13/12/2019 0.955 0.935 - 0.955 0.94 0.00 (0.00%) 156,400
12/12/2019 0.94 0.94 - 0.95 0.94 0.00 (0.00%) 300,100
11/12/2019 0.95 0.94 - 0.955 0.94 0.00 (0.00%) 375,900
10/12/2019 0.945 0.94 - 0.945 0.94 -0.005 (0.53%) 248,900
09/12/2019 0.95 0.935 - 0.96 0.945 +0.005 (0.53%) 742,500
06/12/2019 0.95 0.935 - 0.955 0.94 0.00 (0.00%) 394,100
05/12/2019 0.93 0.925 - 0.95 0.94 +0.01 (1.08%) 484,200
04/12/2019 0.92 0.92 - 0.93 0.93 +0.01 (1.09%) 306,500
03/12/2019 0.93 0.915 - 0.935 0.925 0.00 (0.00%) 345,000
02/12/2019 0.945 0.915 - 0.96 0.925 -0.04 (4.15%) 1,097,300
29/11/2019 0.96 0.95 - 0.965 0.965 +0.005 (0.52%) 336,900
28/11/2019 0.96 0.96 - 0.965 0.96 0.00 (0.00%) 183,700
27/11/2019 0.96 0.955 - 0.975 0.96 0.00 (0.00%) 245,000
26/11/2019 0.97 0.955 - 0.98 0.96 -0.015 (1.54%) 668,100
25/11/2019 0.97 0.965 - 0.985 0.975 +0.01 (1.04%) 667,100
22/11/2019 0.985 0.965 - 0.985 0.965 -0.015 (1.53%) 933,700
21/11/2019 1.01 0.98 - 1.01 0.98 -0.04 (3.92%) 586,300
20/11/2019 1.02 1.00 - 1.04 1.02 -0.02 (1.92%) 861,600
19/11/2019 0.975 0.97 - 1.07 1.04 +0.07 (7.22%) 2,266,200

Outlook. The group is expected to continue seeing volatile quarterly results based on its historical volatile earnings trend. All in, we expect plantation earnings to anchor the bulk of earnings, and since 91% of its plantation estates are already matured, this hinges largely on CPO price movements of which the outlook over the short-term looks cloudy. The Heavy Industries division remains volatile with quarterly earnings oscillating between profits and losses. We expect the trading and manufacturing as well as pharmaceutical divisions to show pedestrian growth but deliver sustainable recurring incomes.

Maintain MP. Our SoP-derived target price is lowered from RM1.05 to RM1.00. Reiterate MP.

Source: Kenanga Research - 2 Dec 2019

selling by institutional funds dah stop... time to relook at it :)

EMPLOYEES PROVIDENT FUND BOARD 19-Nov-2019 Disposed 52,800 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 14-Nov-2019 Disposed 35,200 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 29-Oct-2019 Disposed 300,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 02-Oct-2019 Disposed 2,000,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 19-Sep-2019 Disposed 723,900 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 17-Sep-2019 Disposed 90,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 12-Sep-2019 Disposed 397,400 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 09-Aug-2019 Disposed 40,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 19-Jul-2019 Disposed 377,400 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 15-Jul-2019 Disposed 584,800 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 12-Jul-2019 Disposed 278,800 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 11-Jul-2019 Disposed 30,100 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 11-Jul-2019 Disposed 851,900 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 10-Jul-2019 Disposed 1,600,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 09-Jul-2019 Disposed 1,292,600 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 08-Jul-2019 Disposed 871,900 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 05-Jul-2019 Disposed 2,000,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 04-Jul-2019 Disposed 1,229,400 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 03-Jul-2019 Disposed 1,613,900 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 02-Jul-2019 Disposed 170,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 01-Jul-2019 Disposed 1,000,000 0.000

good try :)

What is the thing happen with Boustead and how do we capture the oppurtunity
Author: StallionInvestment | Publish date: Tue, 17 Sep 2019, 11:58 PM





Why am i looking into this stock? I will explain this into point form for your easy understanding.



News Update :



1. 16 Sept 2019

BOUSTEAD Holdings Bhd is in talks to sell its stake in Boustead Petroleum Marketing Sdn Bhd (BPM), which operates petrol stations under the BHPetrol banner, sources familiar with the matter tell The Edge.

It is understood that talks with at least one individual buyer are ongoing, with several other parties interested in the assets or waiting on the sidelines.

A source with knowledge of the matter says, “This (waiting on the sidelines) is because the price tag being bandied about is more than RM1 billion … maybe even RM1.5 billion, or more. BPM is 70% controlled by Boustead Petroleum Sdn Bhd and 30% by Lembaga Tabung Angkatan Tentera (LTAT) or the Armed Forces Fund Board.

It is noteworthy that LTAT has a 59.45% stake in Boustead Holdings. While it is still unclear at press time, considering the shareholding structure of LTAT and Boustead Holdings, it is unlikely that LTAT will remain in BPM if Boustead Holdings exits.

Source obtain from https://www.theedgemarkets.com/article/newsbreak-boustead-holdings-exit-petrol-station-business

2. 28 Aug 2019

Boustead Holdings Bhd’s second quarter profits ended June 2019 turned in RM84 million in profits, reversing a RM1.3 million in net losses, a year ago.

Group managing director Datuk Seri Amrin Awaluddin said this was mainly driven by a RM120 million gain after plantation land sale.

“All divisions contributed positively to the group’s bottom line, with the exception of the heavy industries and property divisions,’ Amrin said in a statement today.

Source obtain from https://www.nst.com.my/business/2019/08/516867/boustead-holdings-q2-turned-rm84m-profits-after-plantation-land-sale



3. 12 July 2019

Boustead Holdings Bhd (BHB) is poised to record a positive momentum with the new appointment of new individuals to its boards, effective July 15.



The new appointment comprising Lieutenant General Datuk Fadzil Mokhtar (R) as independent non-executive director, Datuk Nonee Ashirin Mohd Radzi as independent non-executive director, Abraham Verghese as independent non-executive director and Loong Caesar as independent non-executive director.



With this diverse and well-rounded board, BHB said the group would certainly benefit from their backgrounds and broad experience.

Source obtain from https://www.nst.com.my/business/2019/07/503731/boustead-holdings-appoints-new-members-its-board



4. 21 Jun 2019

BOUSTEAD HOLDINGS BHD’s unit has won a contract worth RM95.99mil for vessel refit works from the Defence Ministry.

In its filings, the diversified group said its subsidiary, Boustead Naval Shipyard Sdn Bhd (BNS), would undertake the works for the military vessel KD Terengganu.


It added that a formal contract between the government and BNS would be signed at a later date.

Boustead said the contract was expected to contribute positively to its current and future earnings.


Source obtain from https://www.thestar.com.my/business/business-news/2019/06/21/boustead-unit-wins-rm96mil-job



5. 5 April 2019

Boustead Holdings Bhd has announced the appointment of (MD) Datuk Seri Amrin Awaluddin as the new managing director effective May 6, 2019. Amrin, who is the managing director of Sime Darby Property Bhd (SD Property), has announced that is leaving the group on May 3.

Amrin was appointed as SD Property director on July 12, 2017. He was subsequently appointed as the group MD on August 24, 2017.

He has played a pivotal role in driving the success of leading Malaysian companies which includes Renong Bhd, Malaysian Resources Corporation Bhd, Sistem Televisyen Malaysia Bhd, Media Prima Bhd and most recently, Sime Property.

He is currently a director of Taliworks Corporation Bhd and CIMB Bank Bhd.

“We are pleased to welcome Amrin as our new MD. We are confident that his experience and proven track record will help steer the group forward.

“Particularly given the increasingly competitive landscape, his vast expertise and sharp business acumen certainly augurs well for the development of the group,” Boustead chairman Tan Sri Mohd Ghazali Che Mat said in a statement.


Source obtain from https://www.nst.com.my/business/2019/04/476568/amrin-take-helm-boustead

Related News : https://www.malaymail.com/news/malaysia/2019/04/11/ltat-failed-to-state-rm88.9m-impairment-in-fy17-financial-report-says-audit/1742164

https://www.thesundaily.my/local/bn-administrative-problem-cause-of-delay-in-announcing-ltat-dividend-sabu-DB737467



Fundamental Outlook

1. Improving Quarter Outlook


2. Top 10 Shareholder




3. Change in Shareholder




4.
Bloomberg reported that the parties are looking to sell AXA Affin General Insurance Bhd for US$500mil an

Plantation with palm oil price has risen so much and petrol station BHP will report higher profit with the petrol price floated in 2020. Q4,2019 (Oct to Dec 2019) should be + results.

Institutional funds have stopped selling its share :)

Boustead Holdings Bhd’s 3Q2019 net loss stood at RM155.0 mln vs. a net loss of RM7.3 mln, due to huge impairments on its heavy industry and property divisions amounting to RM161.3 mln, as well as weaker results in other units. Revenue for the period, however, added 5.0% Y.o.Y to RM2.73 bln.
For 9M2019, cumulative net losses widened to RM153.1 mln, compared with net losses of RM14.2 mln recorded in the previous corresponding period. Revenue for the period, however, climbed 6.2% Y.o.Y to RM7.79 bln.
Separately, Boustead Plantations Bhd (BPB) has appointed Ibrahim Abdul Majid as its new CEO effective 1st December 2019. He assumes the position from Mohamad Azlan Jaafar who was the acting CEO and will now resume his responsibilities as the company’s Deputy CEO. (The Star Online)

mau harga saham naik, bagi dividen lebih baik daripada share buyback :)

bazir banyak wang beli balik share sejak 2015... harga saham 77sen sekarang :)


05-Sep-2017 05-Sep-2017 Buyback 188,700 1.240 1.240 View Detail
01-Dec-2016 01-Dec-2016 Buyback 51,300 1.070 1.070 View Detail
01-Dec-2016 01-Dec-2016 Buyback 51,300 1.070 1.070 View Detail
31-May-2016 31-May-2016 Buyback 90,400 1.100 1.150 View Detail
31-May-2016 31-May-2016 Buyback 90,400 1.110 1.150 View Detail
27-Aug-2015 27-Aug-2015 Buyback 14,200 1.340 1.340 View Detail
26-Aug-2015 26-Aug-2015 Buyback 386,700 1.330 1.340 View Detail
25-Aug-2015 25-Aug-2015 Buyback 387,900 1.330 1.330 View Detail
24-Aug-2015 27-Aug-2015 Buyback 1,133,800 1.330 1.390 View Detail
24-Aug-2015 24-Aug-2015 Buyback 345,000 1.380 1.390 View Detail
21-Aug-2015 21-Aug-2015 Buyback 414,300 1.430 1.430 View Detail
19-Aug-2015 19-Aug-2015 Buyback 533,400 1.430 1.430 View Detail
18-Aug-2015 18-Aug-2015 Buyback 61,400 1.430 1.430 View Detail
17-Aug-2015 21-Aug-2015 Buyback 1,606,900 1.380 1.430 View Detail
17-Aug-2015 17-Aug-2015 Buyback 597,800 1.380 1.390 View Detail
14-Aug-2015 14-Aug-2015 Buyback 453,600 1.410 1.420 View Detail
12-Aug-2015 12-Aug-2015 Buyback 606,100 1.420 1.430 View Detail
10-Aug-2015 14-Aug-2015 Buyback 1,739,100 1.410 1.470 View Detail
10-Aug-2015 10-Aug-2015 Buyback 679,400 1.460 1.470 View Detail
30-Apr-2015 30-Apr-2015 Buyback 100,000 1.920 1.930 View Detail
29-Apr-2015 30-Apr-2015 Buyback 150,000 1.920 1.940 View Detail
29-Apr-2015 29-Apr-2015 Buyback 50,000 1.940 1.940 View Detail
17-Mar-2015 17-Mar-2015 Buyback 204,500 2.160 2.170 View Detail
17-Mar-2015 17-Mar-2015 Buyback 204,500 2.160 2.170 View Detail
09-Mar-2015 09-Mar-2015 Buyback 200,000 2.120 2.130 View Detail

banyak wang dipakai untuk share buyback


27-Oct-2017 27-Oct-2017 Buyback 361,100 1.260 1.260 View Detail
27-Oct-2017 27-Oct-2017 Buyback 361,100 1.260 1.260 View Detail
20-Oct-2017 20-Oct-2017 Buyback 95,900 1.270 1.270 View Detail
20-Oct-2017 20-Oct-2017 Buyback 95,900 1.270 1.270 View Detail
11-Oct-2017 11-Oct-2017 Buyback 185,700 1.270 1.270 View Detail
10-Oct-2017 10-Oct-2017 Buyback 263,100 1.270 1.270 View Detail
09-Oct-2017 11-Oct-2017 Buyback 492,900 1.270 1.270 View Detail
09-Oct-2017 09-Oct-2017 Buyback 44,100 1.270 1.270 View Detail
03-Oct-2017 03-Oct-2017 Buyback 350,500 1.260 1.280 View Detail
03-Oct-2017 03-Oct-2017 Buyback 350,500 1.260 1.280 View Detail
29-Sep-2017 29-Sep-2017 Buyback 332,000 1.260 1.260 View Detail
27-Sep-2017 27-Sep-2017 Buyback 95,500 1.250 1.250 View Detail
26-Sep-2017 29-Sep-2017 Buyback 870,800 1.240 1.260 View Detail
26-Sep-2017 26-Sep-2017 Buyback 443,300 1.240 1.250 View Detail
21-Sep-2017 21-Sep-2017 Buyback 67,500 1.260 1.260 View Detail
20-Sep-2017 20-Sep-2017 Buyback 319,600 1.260 1.260 View Detail
19-Sep-2017 19-Sep-2017 Buyback 113,000 1.250 1.250 View Detail
18-Sep-2017 21-Sep-2017 Buyback 762,500 1.240 1.260 View Detail
18-Sep-2017 18-Sep-2017 Buyback 262,400 1.240 1.240 View Detail
15-Sep-2017 15-Sep-2017 Buyback 550,000 1.240 1.240 View Detail
11-Sep-2017 15-Sep-2017 Buyback 648,300 1.240 1.260 View Detail
11-Sep-2017 11-Sep-2017 Buyback 98,300 1.260 1.260 View Detail
08-Sep-2017 08-Sep-2017 Buyback 196,300 1.250 1.260 View Detail
06-Sep-2017 06-Sep-2017 Buyback 151,900 1.240 1.260 View Detail
05-Sep-2017 08-Sep-2017 Buyback 536,900 1.240 1.260

ada duit share buyback tapi tak bagi dividen dalam 2018 & 2017 :)

26-Apr-2018 26-Apr-2018 Buyback 500,000 0.925 0.930 View Detail
25-Apr-2018 26-Apr-2018 Buyback 979,900 0.925 0.930 View Detail
25-Apr-2018 25-Apr-2018 Buyback 479,900 0.930 0.930 View Detail
06-Apr-2018 06-Apr-2018 Buyback 52,100 0.930 0.930 View Detail
05-Apr-2018 05-Apr-2018 Buyback 500,000 0.930 0.930 View Detail
04-Apr-2018 04-Apr-2018 Buyback 1,048,200 0.940 0.945 View Detail
03-Apr-2018 06-Apr-2018 Buyback 1,917,100 0.930 0.950 View Detail
03-Apr-2018 03-Apr-2018 Buyback 316,800 0.945 0.950 View Detail
29-Mar-2018 29-Mar-2018 Buyback 88,100 0.935 0.945 View Detail
26-Mar-2018 26-Mar-2018 Buyback 49,700 0.950 0.955 View Detail
22-Mar-2018 29-Mar-2018 Buyback 165,200 0.935 0.975 View Detail
22-Mar-2018 22-Mar-2018 Buyback 27,400 0.975 0.975 View Detail
20-Mar-2018 20-Mar-2018 Buyback 300,000 1.000 1.000 View Detail
16-Mar-2018 16-Mar-2018 Buyback 1,000,000 1.010 1.010 View Detail
14-Mar-2018 20-Mar-2018 Buyback 1,800,000 1.000 1.010 View Detail
14-Mar-2018 14-Mar-2018 Buyback 500,000 1.010 1.010 View Detail
13-Mar-2018 13-Mar-2018 Buyback 558,100 1.000 1.010 View Detail
12-Mar-2018 12-Mar-2018 Buyback 323,300 1.010 1.010 View Detail
09-Mar-2018 09-Mar-2018 Buyback 102,700 1.010 1.010 View Detail
07-Mar-2018 07-Mar-2018 Buyback 734,600 1.010 1.010 View Detail
06-Mar-2018 06-Mar-2018 Buyback 586,100 1.010 1.020 View Detail
02-Mar-2018 13-Mar-2018 Buyback 3,143,800 1.000 1.030 View Detail
02-Mar-2018 02-Mar-2018 Buyback 839,000 1.020 1.030 View Detail
12-Dec-2017 12-Dec-2017 Buyback 250,000 1.150 1.150 View Detail
12-Dec-2017 12-Dec-2017 Buyback 250,000 1.150 1.150

if the top mgmt is greedy, never pay dividend, what can u do? complain to MWDG? :)

any answers? :)


Questions for upcoming KSL 19th AGM on 30th May 2019.
Author: Sslee | Publish date: Fri, 17 May 2019, 7:32 PM

Dear KSL shareholder,

I send below email on 14/5/2019 to: info_kslh@ksl.my

I had not received any response from KSL, if any of you going to the AGM please cut and paste the questions into Microsoft office word, print out some copies distribute a copy to the BOD and proceed to ask the question during the Q&A session.

Thank you

Dear Mr. Ku Hwa Seng

KSL Executive Chairman

My name: Lee Son Sheng, I am a shareholder of KSL. I am writing this email to you because I’m unable to attend the upcoming KSL 19th AGM held at KSL Resorts, Level G, Infusion Private Room, 33, Jalan Seladang, Taman Abad, 80250 Johor Bahru, Johor Darul Takzim on Thursday, 30 May 2019 at 3.30 p.m. Thus I email my questions to you by this email.

I hope you will answer the question during the AGM to all the attendees and send me your written answers to my email after the AGM.

Looking forward to hearing from you.

Thank you



My questions:

Q1: Refer 2018 Cash flow statement, is KSL generated enough free cash flow to pay a dividend? (Yes/No)

Q2: Is KSL has enough cash reserve to pay a dividend? (Yes/No)

Q3: Any cash flow problem if KSL pay out 4 cents dividend for FY 2018? (Yes/No)

Refer Chairman’s statement 2014 Annual report: "I am also pleased to announce that the Group has adopted a dividend policy of distributing 40%of the Group’s annual net profit after tax from operations (excluding any fair value gains) to shareholders in the form of cash dividends or new share issuance under the Dividend Reinvestment Plan scheme. The dividend policy aims to attract long term investors and to enable shareholders enjoy higher returns in tandem with the expanding business"

Q4: What happen to the adopted dividend policy?

Q5: What happen to the promised the dividend policy aims to attract long term investors and to enable shareholders enjoy higher returns in tandem with the expanding business?

Q6: What are the reasons for financial year end 2016, 2017 and 2018 no dividend was given?

Refer 2018 Chairman’s statement “The Group’s financial position as at end-December 2018 was further strengthened with our retained profit and increased profitability, with shareholders’ equity growing to RM2,815 million from RM2,600 million in the previous year end”

Q7: Since KSL has a very strong financial position should the board reward the shareholder with reasonable dividend? (Yes/No)

Q8: Without a formal dividend policy KSL market price had dropped into penny stock (below RM 1.00) level. Should Board consider adopting a new formal dividend policy to give clarity to investing public that the BOD/Controlling shareholders interest is aligned with minority shareholders.

Comparison SKL with other dividend paying listed property companies and its market price on 10/5/2019

Company

NP to SH

EPS

NTA

Dividend

Market price



Million

Cents

Cents

Cents

Cents (10/5/2019)

SKL

223.200

21.91

277

0

86.0

SP Setia

670.959

14.80

303

8.55

208.0

Sunway

658.383

13.32

164

5.50

167.0

Mah Sing

271.582

7.83

144

6.50

96.5



Refer: Executive Directors Remuneration

Range of Remuneration

Executive Directors

RM 450,001 to RM 500,000

1

RM 9,500,001 to RM 10,000,000

3

Executive Chairman: Mr. KU HWA SENG. He is involved in the KSLH Group’s business development and operations in south Johor. He oversees the day-to-day management, decision-making and operations of Johor Bahru office.

Group Managing Director: Mr. KU CHENG HAI. He is responsible for the KSLH Group’s business development and day-to-day operations of the KSLH Group.

Executive Director: Mr. KU TIEN SEK. He is involved in the KSLH Group’s business development and operations in Klang Valley. He is also responsible for the development of the KSLH Group’s future expansion plans.

Executive Director: Mr. LEE CHYE TEE. He is presently responsible for the overall accounting and corporate finance functions of the KSLH Group.

Q9. I am glad to see KSL group is well managed and run by company founder three brothers where each taking up a section/area responsibility for the day-to-day management, decision-making and operations of the group as compare with other where a single CEO overall responsible for the day-to-day management, decision-making and operations of the group. I am bringing out this as I feel the remuneration is on the high side since each only responsible for a section/area of the group business. Hopefully next year this remuneration can be reviewed and any saving is used to pay a dividend. What is your opinion?

Please acknowledge receive of this email with a return acknowledgement of received.

Once again thank you



Yours Sincerely,

Lee Soon Sheng

mulai 2016 takda dividend although made a lot of profits. still trust the greedy mgmt?

12-Oct-2015 26-Oct-2015 DIVIDEND Interim Dividend RM 0.0200 Dividend Detail
08-Jul-2015 21-Jul-2015 DIVIDEND Final Dividend 10.0000% Dividend Detail
07-Jan-2015 27-Jan-2015 DIVIDEND Interim Dividend 10% Dividend Detail
04-Dec-2014 17-Dec-2014 BONUS_ISSUE Bonus Issue 1 : 1 Dividend Detail
27-May-2011 19-Aug-2011 DIVIDEND First and Final Dividend 10% Dividend Detail
14-Jul-2011 26-Jul-2011 RIGHTS_ISSUE Rights Issue 1 : 4 Dividend Detail
04-Jun-2010 26-Jul-2010 DIVIDEND First and Final Dividend 10% Dividend Detail
29-May-2009 19-Aug-2009 DIVIDEND First and Final Dividend 10% Dividend Detail
29-May-2008 20-Aug-2008 DIVIDEND First and Final Dividend 16% Dividend Detail
05-Nov-2007 30-Nov-2007 BONUS_ISSUE Bonus Issue 1 : 3 Dividend Detail
28-May-2007 20-Aug-2007 DIVIDEND First and Final Dividend 24% Dividend Detail
26-May-2006 18-Aug-2006 DIVIDEND First and Final Dividend 22% Dividend Detail
06-Jun-2005 25-Aug-2005 DIVIDEND First and Final Dividend 20% Dividend Detail
27-Apr-2004 16-Jul-2004 DIVIDEND First and Final Dividend 18% Dividend Detail
08-Oct-2003 23-Oct-2003 BONUS_ISSUE Bonus Issue 1 : 3 Dividend Detail
25-Apr-2003 17-Jul-2003 DIVIDEND First and Final Dividend 9% Dividend Detail
24-Apr-2002 18-Jul-2002 DIVIDEND First and Final Dividend 7.7% Dividend Detail

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
21/11/2019 0.90 0.93 +0.03 (3.33%) BUY TA
21/11/2019 0.90 1.02 +0.12 (13.33%) TRADING BUY PUBLIC BANK
21/11/2019 0.90 1.00 +0.10 (11.11%) BUY KENANGA
21/11/2019 0.90 0.97 +0.07 (7.78%) HOLD BIMB
21/11/2019 0.90 1.00 +0.10 (11.11%) BUY AmInvest

Our call. Downgrade to HOLD with unchanged RM0.97 DCF-derived TP; its share price rose by over 7% after announcing the MacArthur Wind Farm disposal. This strengthens its balance sheet while yields at current levels are attractive at over 5.5%. Buy on dips.
Source: BIMB Securities Research - 21 Nov 2019

ASB , a substantial shareholder, holds 6%+ in malakof already :)

5264 MALAKOF MALAKOFF CORPORATION BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA
NRIC/Passport No./Company No. : 766894-T
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 : 06/12/2019

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 06/12/2019 Acquired 100,000 -


Circumstances by reason of which change has occurred:
Purchase of shares

Nature of Interest:
Direct Interest

Consideration:



No of Shares Held After Changes:
Direct : 311,746,100 shares (6.3790%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 311,746,100 shares

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 accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



10/12/2019 07:00 AM

Pandailah macam ni :)

Malakoff CEO Datuk Ahmad Fuaad Mohd Kenali said the deal provides an opportunity for Malakoff to unlock the value of its investment in Macarthur WF.

“The group will continue to be on the lookout for potential power and water assets within and outside the country,” he said in a statement.

“Based on the purchase price, the proposed disposal will give rise to an estimated net gain on disposal of RM546 million,” the independent power producer stated.

The proposed disposal is expected to be completed by the first quarter of 2020 (1Q20), Malakoff added.

agreed, with some many corporate exercises, maybe, privatisation as reported, no wonder ASB continues to sapu more and more shares :) Now, at 86sen, less than 50% of the IPO price at RM1.80 indeed. :)

IPO Info
Key Data:
General Retail Institutional
Offer Period
Opening 17/04/2015 - -
Closing 17/04/2015 - -
Price
Issue Price 1.80 - -
Par Value - - -
Units 5,000,000,000 - -
No of Shares
Public Issue 1,000,000,000 - -
Offer for Sale 521,740,000 - -
Private Placement - - -
Time Table
Allotment Date 13/05/2015 - -
Listing Date 15/05/2015 - -
Issuing House MIH-565 - -
ISIN Code MYL5264OO006 - -
Prospectus:
INITIAL PUBLIC OFFERING ("IPO") OF UP TO 1,521,740,000 ORDINARY SHARES OF RM0.10 EACH IN MALAKOFF CORPORATION BERHAD ("MALAKOFF") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 5,000,000,000 ORDINARY SHARES OF RM0.10 EACH IN MALAKOFF ("SHARES") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 521,740,000 EXISTING SHARES AND A PUBLIC ISSUE OF 1,000,000,000 NEW SHARES ("ISSUE SHARES") INVOLVING:

(I) INSTITUTIONAL OFFERING OF UP TO 1,279,240,000 IPO SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND

(II) RETAIL OFFERING OF 242,500,000 ISSUE SHARES TO THE DIRECTORS OF MALAKOFF, THE ELIGIBLE EMPLOYEES OF MALAKOFF AND ITS SUBSIDIARIES ("MALAKOFF GROUP"), PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE MALAKOFF GROUP THE DIRECTORS AND ELIGIBLE EMPLOYEES OF MMC CORPORATION BERHAD ("MMC"), THE ENTITLED SHAREHOLDERS OF MMC
AND THE MALAYSIAN PUBLIC, AT THE RETAIL PRICE OF RM1.80 PER SHARE ("RETAIL PRICE"),
PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED HEREIN) IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE,

SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND THE OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF:

(I) THE RETAIL PRICE OF RM1.80 PER ISSUE SHARE; OR

(II) THE INSTITUTIONAL PRICE.

Most recent direct biz transaction at 88sen for 25mil shares :)

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
26/11/2019 00:00:00 0.8800 - 25.000m 25.000m 22.000m 22.000m 0.8800 0.5000 -

Gain on disposal, more than RM500mil+, special dividend next year? ASB is adding the share continuously also :)


https://themalaysianreserve.com/2019/10/30/malakoff-to-sell-aussie-wind-farm-project-for-rm1b/

next year, malakof will show higher revenue and profit by including Alam Flora in its accounts :)

Big event coming next month, Malakof will acquire a cash cow :)

On 1 August 2018, HICOM Holdings Berhad (“HHB”), a direct wholly-owned subsidiary
company of the Group, entered into a conditional share sale agreement (“SSA”) with
Tunas Pancar Sdn. Bhd. (“TPSB”), a wholly-owned subsidiary company of Malakoff
Corporation Berhad, for the proposed disposal of HHB’s entire equity interest of
97.37% in Alam Flora Sdn. Bhd. The proposed disposal had been approved by DRBHICOM Berhad shareholders at the EGM held on 15 October 2018. On 31 January
2019, HHB and TPSB had mutually agreed to extend the Conditions Precedent (“CP”)
period until 31 July 2019 for the fulfilment of the other CPs as set out in the SSA. Both
parties had on 29 July 2019 agreed for a further extension period until 31 January
2020

follow ASB, can make money :)


AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 06-Dec-2019 Acquired 100,000 0.000 View Detail
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 05-Dec-2019 Acquired 532,900 0.000 View Detail
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 04-Dec-2019 Acquired 211,400 0.000 View Detail
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 03-Dec-2019 Acquired 1,463,900 0.000 View Detail
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 29-Nov-2019 Acquired 1,372,200 0.000 View Detail

Yup choose this bank , no political baggages, non-GLC and controlled by reputable DBS Bank Singapore.

Hopefully, at current price level, DBS Bank Singapore sapu more shares from the open market :)

Good to have dbs bank Singapore as the largest shareholder, an opportunity to tap into DBS' range of products, and potentially see savings in procurement and IT costs while opening up a bigger platform for Alliance, currently the smallest banking group in Malaysia in terms of assets.

ABMB Financial Information
Market Capital (RM)
: 3.994b
Number of Share
: 1.548b
EPS (cent)
: 29.26 *
P/E Ratio
: 8.82
ROE (%)
: 7.70
Dividend (cent)
: 16.700 ^
Dividend Yield (%)
: 6.47
Dividend Policy (%)
: 60 Details
NTA (RM)
: 3.800
Par Value (RM)
: 1.000

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2019-03-31.

good article on Alliance Bank :)

https://valueinvestasia.com/should-you-invest-in-alliance-bank-malaysia-bhd/

Epf could buy more too. EPF has been accumulating it recently too :)

Date Close
16/12/2019 2.58
13/12/2019 2.62
12/12/2019 2.60
11/12/2019 2.66
10/12/2019 2.64
09/12/2019 2.65
06/12/2019 2.68
05/12/2019 2.64
04/12/2019 2.66
03/12/2019 2.64
02/12/2019 2.69
29/11/2019 2.70
28/11/2019 2.65
27/11/2019 2.69
26/11/2019 2.66
25/11/2019 2.63
22/11/2019 2.72
21/11/2019 2.79
20/11/2019 2.87
19/11/2019 2.85

EMPLOYEES PROVIDENT FUND BOARD 03-Dec-2019 Acquired 620,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 02-Dec-2019 Acquired 6,501,580 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 29-Nov-2019 Acquired 2,519,800 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 29-Nov-2019 Acquired 378,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 28-Nov-2019 Acquired 1,670,286 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 27-Nov-2019 Acquired 366,500 0.000 View Detail