Positive outlook on property sector
NST Thu, Mar 07, 2024 12:04pm - Yesterday


KUALA LUMPUR: MIDF Research has maintained a positive outlook on the property sector as it remains sanguine on property companies going forward.

In a note today, it said buying sentiment on property is expected to remain healthy going forward as the landscape for the property sector is improving.

"New sales for property companies are improving which should translate into better earnings visibility going forward," it said.

Looking back at 2023, the research house said approved loan for the purchase of property was strong at RM261 billion last year, driven by the higher loan application, while approved loan data in January 2024 remained encouraging as it grew by 40.8 per cent year-on-year and 14.1 per cent month-on-month to RM20.4 billion, driven by the higher loan application.

"The higher approved loan bodes well for new sales outlook for property developers," it said.

Looking ahead, MIDF Research said property companies were generally more optimistic about the outlook for financial year 2024 (FY2024) by setting higher new sales targets.

"Notably, Sunway Bhd targets to achieve new sales of RM2.6 billion in FY2024 after recording new sales of RM2.4 billion in FY2023. Similarly, Mah Sing Group Bhd is setting higher new sales target of RM2.5 billion and S P Setia Bhd recorded bumper new sales of RM5.1 billion last year due to land sales of RM836 million," it said.

Other than that, the research house also opined that despite the marginal increase in overhang units in the fourth quarter (4Q) of 2023, the overall declining trend in overhang eased concern on oversupply of property.

"Note that residential overhang of 25,816 units in 4Q 2023 was lower than the 27,746 units in 4Q 2022 and 36,863 units in 4Q 2021," it said.

masih awal, belum 12.30pm jugak

VWAP:0.2344sen Avg Vol/Trans:236.57 Buy Rate:63%

Tan Sri Lee Kim Yew is expected to emerge as a winner in the corporate world again due to his resilience and ability to overcome significant challenges. Despite facing a devastating blow during the 1997/98 Asian financial crisis, which led many to believe he would vanish from the corporate scene, Lee Kim Yew has proven his critics wrong. He has managed to become debt-free and is ready to make a comeback with determination¹.

His track record of turning around difficult situations, such as paying off RM1.1 billion in personal loans and helping Country Heights Holdings Bhd settle most of its RM1.1 billion debt, showcases his strong will and business acumen¹. Lee's experience in property development and his visionary leadership have been the driving forces behind the growth and success of the Country Heights Group, with major business divisions including property development, property investment, hospitality, education, and health³.

Furthermore, his ability to conceptualize and market innovative investment schemes, like the Country Heights Growers Scheme, which generated an investment fund of over RM200 million, also highlights his entrepreneurial spirit and capability to succeed in the corporate world⁵..

Is CHHB a better value buy? hehe

CHHB's NTA @RM2.09 current price~24sen vs YNH's NTA @RM2.19 current price~48sen

Is CHHB a better value buy? hehe

CHHB's NTA @RM2.09 current price~24sen vs YNH's NTA @RM2.19 current price~48sen

Share Issued 299.988m
Market Cap RM70.497m @23.5sen

greatly Undervalued, just be patient/// hehe

Approximate
No. of Land Age of Net Book Revaluation*/
Lots/ Area Building Value Acquisition
Title Location/Address Units Tenure Existing Use (Acres) (Years) (RM'000) Date
Erf 470 Extension 13 1 Freehold Boat Clubhouse 8.37 24 01/06/03
482 JQ
North West Province
South Africa
Portion 124 Extension 13 1 Freehold Boat Club Marina 9.87 01/06/03
482 JQ
North West Province
South Africa
Erf 877 Extension 12 1 Freehold Golf Course 172.73 01/06/03
482 JQ
North West Province
South Africa
Erf 1083 Extension 10 1 Freehold Clubhouse 3.93 24 01/06/03
482 JQ
North West Province
South Africa
Erf 876 Extension 12 1 Freehold Golf Course 18.03 6,671 01/06/03
482 JQ
North West Province
South Africa
Erf 1084 Extension 10 1 Freehold Recreation Facilities 5.86 24 01/06/03
482 JQ
North West Province
South Africa
Erf 1205 Extension 14 1 Freehold Public Open Space 0.29 01/06/03
482 JQ
North West Province
South Africa
Erf 1269 Extension 16 1 Freehold Parking 0.52 01/06/03
482 JQ
North West Province
South Africa
Portion 73 Extension 17 1 Freehold None 10.74 01/06/03
482 JQ
North West Province
South Africa
2,357.93 1,076,839

$$$$$$$$$$$$$$$$$$$$$$$$
Total property value RM1bil+++ belum revalue lagi hehe

HSD 59887 Mines Waterfront 1 Leasehold Completed 6.30 23 103,000 28/02/23
P.T. No. 16715 Business (expiring commercial building
Mukim of Petaling 20.3.2091) Phase 1 : Block A,
District of Petaling B,C,D,E
Selangor unsold portion
45 Leasehold Partially completed 5.75 70,413 28/02/23
(expiring commercial building
20.3.2091) Park Phase 1 :
Block 4,5,6,7, Retails
HSD 59888 Fisherman's Wharf 1 Leasehold Recreational & 1.81 13,654 25/09/98
P.T. No. 16716 (expiring commercial
Mukim of Petaling 20.3.2091) building
District of Petaling Single storey
Selangor building as
restaurant
HSD 59890 Mines Resort 1 Leasehold Tourism 153.45 5,000 25/09/98
P.T. No. 16718 City Lake (expiring & Recreational
Mukim of Petaling 20.3.2091) submerged land
District of Petaling forming a lake
Selangor
Pajakan Negeri 7212 Country Villas 20 Leasehold Palace Vacation 28.66 27 3,007 01/03/10
No Lot 24732 Country Heights (expiring Club
HSD 22919 43000 Kajang 12.11.2088)
P.T.No. 14194 Selangor Darul Ehsan
Mukim of Kajang
District of Ulu Langat
Selangor
HSD 2500 Equatorial Hill Resort 4 Freehold Apartments 0.79 25 607 12/11/01
P.T. No 2129 Cameron Highland
Mukim of Ulu Telom
District of
Cameron Highlands
Pahang Darul Makmur
HSD 2500 Equatorial Hill Resort 6 Freehold Apartments 0.86 11 963 12/11/01
P.T. No 2129 Cameron Highland
Mukim of Ulu Telom
District of
Cameron Highlands
Pahang Darul Makmur
HSM 9-93 Perdana Beach 4 Freehold Apartments 0.09 23 651 21/05/02
P.T. NO. 249 Mukim Resort
Padang Matairat Mukim Padang
Mukim of Padang Matairat
Matairat Langkawi Langkawi
District of Langkawi
Langkawi,
Kedah Darul Aman
NGL886853 Bezier Apartment 1 Leasehold Apartments 0.01 10 1,753 28/04/11
City Road London
London
Erf 910 Extension 11 1 Freehold Corporate Lodge 0.13 22 558 31/12/99
482 JQ
North West Province
South Africa

Approximate
No. of Land Age of Net Book Revaluation*/
Lots/ Area Building Value Acquisition
Title Location/Address Units Tenure Existing Use (Acres) (Years) (RM'000) Date
HSD 34516 Cyber Heights 1 Freehold Proposed 9.33 13,530 11/02/99
P.T. No. 48506 Mixed Development
Mukim Dengkil 01 Cyberjaya Ph5
Daerah Sepang (488 Condo +
Selangor 45 Double Storey)
HSD 220869 Cyber Heights 1 Freehold Future 3.59 1,887 11//02/99
P.T. No. 27695 Development
Mukim Dengkil 01 Cyberjaya Ph3B
Daerah Sepang Commercial Land
Selangor
HSD 220869 Cyber Heights 1 Freehold Club House 3.66 18 7,116 11/02/99
P.T. No. 27695
Geran No. 37112 CH Damansara 1 Freehold Bungalow House 0.22 12 6,086 14/11/00
Lot 826
Mukim of Batu
Distrcit of Kuala Lumpur
52000 Kuala Lumpur
Lot 8242 HM 34157 Melaka Land 1 Leasehold Future 62.02 10,555 14/04/04
Mukim of (expiring Mixed
Durian Tunggal 21.4.2103) Development
Melaka Agricultural Land
principally
approved
for residential
development
Lot 1578 Golf View Apartments 2 Leasehold Recreational & 11.86 25,999 25/09/98
HSD 91910 PT 16714 HSD 59886 (expiring Commercial Land
Pekan Baru 20.3.2091) PT6 and PT7
Sungai Besi
District of Petaling
Selangor
HSD 59885 Palace of the 1 Leasehold Hotel 13.80 25 176,691 20/05/04
P.T. No. 16713 Golden Horses (expiring
Mukim of Petaling The Mines Resort City 20.3.2091)
District of Petaling
Selangor
HSD 59892 Mines Welness Hotel 1 Leasehold Hotel building 5.75 28 65,087 29/02/08
P.T. No. 16720 (expiring
Mukim of Petaling 1 1 20.3.2091) A parcel of 3.50 3,441 29/02/08
District of Petaling Trousdale
Selangor land reserved
for property
development
HSD 59893 Malaysia International 1 Leasehold Exhibition Centre 25 173,506 01/07/03
P.T. No. 16721 Exhibition & Convention (expiring 3 and half storey
Mukim of Petaling Centre (MIECC) 2 20.3.2091) exhibition cum
District of Petaling PN 30898, Lot 1586 convention centre
Selangor building with 6.74
basement
level carparks
1 Leasehold Venice Walk 23 769 01/07/03
(expiring Two Link Bridges
20.3.2091)

Approximate
No. of Land Age of Net Book Revaluation*/
Lots/ Area Building Value Acquisition
Title Location/Address Units Tenure Existing Use (Acres) (Years) (RM'000) Date
Lot No.15 section 11 Borneo Heights 61 Leasehold Residential 27.90 15,797 20/09/94
Gunung Penrissen 198 years - bungalow land
Padawan, Phase 1~4
Kuching,
Pangkalan Ampat
District of Sarawak
Borneo Heights 1 Leasehold Residential land 1,103.95 31,887 20/09/94
198 years Future Development
The Hornbill Golf 1 Leasehold Golf Course & 162.60 22 27,921 27/06/00
& Jungle Club 198 years Golf Hotel
Lot 4 (Lot 4756) Jenan Estate, 72 Freehold Bungalow Lots 11.16 4,321 08/11/95
Geran No. 44342 Kubang Pasu, Kedah KHU Ph1-3
Bungalow Lot
Lot 7 Geran No. 7062 Jenan Estate, 7 Freehold Bungalow House 1.39 2,779 08/11/95
Kubang Pasu, Kedah KHU Bungalow
House
(Precinct 1 & 2)
Lot 7,11,1710 Jenan Estate, 9 Freehold Future Development 185 18,358 08/11/95
1818,1962 & 6534 Kubang Pasu, Kedah KHU Parcel B -
Agricultural Land
KHU Parcel C -
Agricultural Land
KHU COMMERCIAL
LOT (NORTHEN)
Lot 1962 HM 1819 Jenan Estate, 180 Freehold Future Development 42.60 10,287 08/11/95
Kubang Pasu, Kedah KHU Precint 4
Bungalow Lot
Lot 503 HM 614 Jenan Estate, 48 Freehold Future Development 4.51 2,808 08/11/95
Kubang Pasu, Kedah KHU Phase 2
SHOP OFFICE
48 Lot
Lot 11 HM 1672 Jenan Estate, 55 Freehold Future Development 4.14 9,829 08/11/95
Jenan, Kedah Kubang Pasu,Kedah Belleza Ph3
Lot 1710 HM 1833 PT 1351 HSD 17179 1 Freehold Sports Living 6.46 18 15,000 28/02/23
Bandar Darul Aman 2 storey Club House
Kubang Pasu, Kedah with swimming
pool and
multi-purpose hall
HSD 34515 Cyber Heights 1 Freehold Cyber Residency 0.08 18 293 11/02/99
P.T. No. 48505
Mukim Dengkil 01
Daerah Sepang
Selangor
Mukim Dengkil 01 Cyber Heights 35 Freehold Sawtelle Suites 0.62 10,458 11/02/99
Daerah Sepang
Selangor
HSD 34517 Cyber Heights 72 Freehold Signature Villa - 8.63 29,249 11/02/99
P.T. No. 48507 Mansion Park
Mukim Dengkil 01
Daerah Sepang
Selangor

banyak hartanah :)

Approximate
No. of Land Age of Net Book Revaluation*/
Lots/ Area Building Value Acquisition
Title Location/Address Units Tenure Existing Use (Acres) (Years) (RM'000) Date
HSD 107578 College Heights 1 Freehold Industrial land 0.93 340 31/03/95
PT 15456 Garden Resort
Mukim of Setul
District of Seremban
Mukim of Setul College Heights 29 Freehold Bungalow Houses 5.49 26 13,859 01/06/94
District of Seremban Garden Resort
Mukim of Setul College Heights 288 Freehold Bungalow Land 56.65 19,626 01/06/94
District of Seremban Garden Resort
Mukim of Setul College Heights 34 Freehold 2-storey 1.59 21 9,671 01/06/94
District of Seremban Garden Resort shop-office and
3-storey shop-office
Mukim of Setul Pangsa Rakyat, 165 Freehold Low cost flat/shop 2.90 19 5,943 01/06/94
District of Seremban Pajam
Mukim of Setul College Heights 7 Freehold Institution land 79.43 10,415 01/06/94
District of Seremban Garden Resort
Mukim of Setul College Heights 2 Freehold EQ/Clubhouse land 14.56 1,909 01/06/94
District of Seremban Garden Resort
Mukim of Setul College Heights 3 Leasehold Agriculture land 5.37 3,001 06/08/01
District of Seremban Garden Resort (expiring
23.8.2005)
Mukim of Setul College Heights 6 Freehold Residential and 9.71 319 01/06/94
District of Seremban Garden Resort commercial land
Residential, hotel,
stall, petrol station
Mukim of Setul College Heights 154 Freehold Commercial land 12.87 2,635 01/06/94
District of Seremban Garden Resort Shophouse,
CC Plaza, Business
Lot 23034 College Heights 1 Freehold CHGR 0.17 160 01/06/94
(formerly PT12881) Garden Resort Bungalow Lot 534
Mukim of Setul
District of Seremban
PN 17796 Ocean Wave 1 Leasehold Partially constructed 3.83 17 8,284 27/02/90
(formerly HSD 10483) Theme Park (expiring Theme Park &
Lot 1284 18.12.2089) service apartments
(formerly Lot 1115)
Pekan Teluk Kemang
District of Port Dickson
Negeri Sembilan
Lot 7938 Lot 162, & 1 Freehold Residential 0.21 400 28/02/23
HM 37650 Staffield Golf - bungalow land
PT No. 2712 Country Resort
Mukim of Setul
District of Seremban
Negeri Sembilan

Mr. Ong Tee Chin was appointed to
the Board on 20 September 2017 as
an Independent Non-Executive
Director.
He is the Chairman of the Nomination
& Remuneration Committee and a
member of the Audit & Risk
Management Committee of the
Company. Mr. Ong Tee Chin
graduated with a Bachelor of
Pharmacy from University of Science
Malaysia and a Bachelor of Laws from
the University of London, United
Kingdom.
Mr. Ong Tee Chin is a CFA®
charterholder, a certified Financial
Risk Manager awarded by the Global
Association of Risk Professionals and
a charterholder of the Chartered
Alternative Investment Analyst
Association.
He is a Chartered Accountant,
member of Malaysian Institute of
Accountants, a graduate member of
Association of Chartered Certified
Accountants (“ACCA”), Chartered
Institute of Management Accountants
and Malaysian Institute of Certified
Public Accountants. He was also the
prize winner for Advance Taxation,
Malaysian variant conducted by ACCA
in December 2002.
He holds a Capital Markets Services
Representative’s Licence from the
Securities Commission Malaysia to
provide advisory services in corporate
finance.
Mr. Ong Tee Chin is a director and
shareholder of Asia Equity Research
Sdn Bhd, a company specialising in
providing advisory in corporate
finance and investment advice. He
has no directorship in other public
listed companies. Mr. Ong does not
have any conflict of interest with the
Company or any family relationship
with any Directors and/or Major
Shareholders of the Company.
He has not been convicted for
offences within the past five (5) years
or any public sanction or penalty
imposed by the relevant regulatory
bodies during the financial year ended
31 December 2022.

Mr. Xiong Wei was appointed to the
Board on 3 February 2023 as an
Executive Director, Digital Technology.
Mr. Xiong Wei holds a Communication
Engineering degree from Hezhou
University of China.
He is a serial entrepreneur and
investor in the internet finance industry
and has rich experience in start-up
enterprise strategic planning and
investment operations.
He is also a pioneer in the blockchain
and cloud computing industry and has
both international and domestic work
experience.
Mr. Xiong Wei is the chairman and
founder of Hong Kong Al Life
Investment Services Ltd. In 2008, he
established Shenzhen Hengzhongxin
Intelligent Technology Co. Ltd.
In 2018, he was the second prize
winner of China's National Mobile
Internet Innovation Competition.
Mr. Xiong Wei does not have any
conflict of interest with the Company
or any family relationship with any
Directors and/or Major Shareholders
of the Company. He has no
directorship in other public companies.
He has not been convicted for
offences within the past five (5) years
other than traffic offences, if any, and
have not been imposed any public
sanction or penalty by the relevant
regulatory bodies during the financial
year ended 31 December 2022.

Mr. Chua Hee Boon was appointed to
the Board on 3 February 2023 as an
Executive Director, Finance.
Mr. Chua is a Chartered Accountant.
He is a member of the Malaysian
Institute of Accountants (“MIA”) as well
as a Fellow Member of the Association
of Chartered and Certified Accountant
(“ACCA”) and an Affiliate of the
Malaysian Institute of Chartered
Secretaries and Administrators
(“MAICSA”).
Mr. Chua has a combined experience
of more than 28 years in audit, tax,
corporate secretarial, corporate
finance & advisory, tax advisory,
business valuation and due diligence.
He was also once attached to a big
four audit firm, Deloitte, and has held
senior positions with a public listed
company.
His industry experience includes
property development, hotel,
manufacturing, retail, wholesaler,
investment holding, consumer &
industry services, printing, renovation,
construction and event organizer.
In 2003, Mr. Chua joined Tan Sri Lee
Kim Yew's private investment arm, to
lead the finance department. Then in
2008, he was transferred to the public
listed company, Country Heights
Holdings Berhad as Group Financial
Controller/Acting Chief Financial
Officer.
In 2009, Mr. Chua established a
consultancy company for the provision
of quality corporate finance & advisory
services, accounting, corporate
secretarial, tax advisory, business
valuation and project management.
He is the founder and owner of ART
Corporate Services Sdn. Bhd. and
ART Advisory & Consultancy Sdn.
Bhd.
Mr. Chua sits on the board of the
Mines Plentiful Gold-Class Bhd, Mines
Excellence Golf Resort Bhd, Country
Heights Property Development
Berhad, Mines Wellness Hotel Berhad
and Golden Horse Palace Berhad. He
has no directorship in other public
companies.
Mr. Chua does not have any conflict of
interest with the Company or any
family relationship with any Directors
and/or Major Shareholders of the
Company.
He has not been convicted for
offences within the past five (5) years
other than traffic offences, if any, and
have not been imposed any public
sanction or penalty by the relevant
regulatory bodies during the financial
year ended 31 December 2022.

Dato’ Mircle Yap Ching Chai was
appointed to the Board on 30 January
2023 as an Independent Non-Executive
Director and redesignated as Managing
Director on 3 April 2023.
Dato' Mircle Yap has held diverse
positions in multiple countries and
played crucial roles in numerous equity
fundraising, M&A, and IPO advisory
transactions across Asia, Europe, and
the United States. He has worked with
companies from various industries,
including construction materials
manufacturing, technology, water
concession, seafood manufacturing,
steel manufacturing, e-commerce,
dairy, and apparel, from 2004 to 2019.
Dato' Mircle Yap earned a Bachelor of
Business Administration (Dual) degree
in Strategic Operations Management
and Human Resource Management
from Georgia Southern University in the
United States in 1998. He also received
a Certificate of Management from the
New Zealand Institute of Management
in 2003.
He is affiliated with several professional
associations, including the Chartered
Management Institute, the European
Corporate Governance Institute, the
International Corporate Governance
Network, the Malaysia Alliance of
Corporate Directors, and the New
Zealand Institute of Management.
Dato' Mircle Yap has held various
positions since 2004, serving as a
Strategic Investment Advisor at Quarto
Capital LLC and Exalt Capital Group
Investment, Commissioner at PT Envy
Technologies TBK, Supervisory Board
Member at Valens Holding AG, and
Advisor at Zhuding International
Limited. He was also a Non-Executive
Director in several UK listed companies
from 2011 to 2017.
Dato' Mircle Yap was involved in a Dual
IPO Advisory and Equity Fundraising in
Central Europe and Europe. In 2020,
he successfully completed an equity
exit for a US-listed entity of an Asian
construction material manufacturing
company.
Apart from his professional career,
Dato’ Mircle Yap actively engages
in non-governmental organizations
(“NGOs”) and charitable organizations,
such as the Ti-Ratana Welfare Society
since 2009. In recognition of his
contributions, Dato’ Mircle Yap was
honored with The Esteemed Order of
the Crown of Pahang [Darjah Indera
Mahkota Pahang] in 2013 by the late
Sultan Ahmad Shah.
Dato’ Mircle Yap does not have any
conflict of interest with the Company
or any family relationship with any
Directors and/or Major Shareholders
of the Company. He has no
directorship in other public companies.
He has not been convicted of any
offences within the past five (5) years
other than traffic offences, if any, and
have not been imposed any public
sanction or penalty by the relevant
regulatory bodies during the financial
year ended 31 December 2022.

Admiral Tan Sri Dato’ Setia Mohd
Anwar Bin Hj. Mohd Nor (R), was
appointed as the Non-Independent
Non-Executive Chairman of Country
Heights Holdings Berhad on
3 February 2023.
Tan Sri Dato’ Setia Mohd Anwar
received his education at the Naval
Base Secondary School, Singapore
and the Officer Cadet School at the
Britannia Royal Naval College
Dartmouth, United Kingdom.
He graduated from the Naval Staff
College Rhode Island, USA Class 18
in 1981 and Joint Services Staff
College in Canberra, Australia in 1988.
He holds a Master’s Degree in
Engineering Business Management
from the University of Warwick, United
Kingdom and was conferred an
Honorary Doctorate of Doctor of
Management by the University
Malaysia Terengganu.
He served the Royal Malaysian Navy
for 38.5 years, commanded six (6)
ships and several Shore Bases. He
rose to the rank of Admiral and took
office as Chief of Navy in August 2003
and later became the first Naval
Officer to assume the post of the Chief
of Defence Force from April 2005 until
2007.
He was the President of the Malaysian
Hockey Federation and is currently the
President of the Malaysian Golf
Association (“MGA”). Tan Sri Dato’
Setia Mohd Anwar was also elected as
the President of the Ex-Serviceman
Association Malaysia (NGO) and
continues to be President of the
Retired Malaysian Navy Officers’
Association (“RMNOA”).
From 2014 to 2022, Tan Sri Dato’
Setia Mohd Anwar was the
Independent Non-Executive Chairman
of Titijaya Land Berhad. He was the
Non-Executive Chairman of Lembaga
Tabung Angkatan Tentera (Armed
Forces Fund Board), a position he
held since his retirement from the
Armed Forces in 2007 until May 2018.
He was also the President of the
Malaysian Medical Association
Foundation for six (6) years.
He is currently the Chairman of Mines
Resort and Golf Club appointed on
5 January 2023.
He served for one (1) term as Senator
from 2015 to 2018. Tan Sri Dato’ Setia
Mohd Anwar is also currently the Pro-
Chancellor of the National Defence
University of Malaysia. He does not
hold directorship in any other public
companies.
He does not have any conflict of
interest with the Company or any
family relationship with any Directors
and/or Major Shareholders of the
Company.
He has not been convicted for
offences within the past five (5) years
other than traffic offences, if any, and
have not been imposed any public
sanction or penalty by the relevant
regulatory bodies during the financial
year ended 31 December 2022.

Share class
Vote Quantity Free-Float Company-owned shares Total Float
Stock A
1
299,988,903
105,611,393 ( 35.21 %)
3,250,000 ( 1.083 %)
35.21 %

KUALA LUMPUR: The FBM KLCI is expected to consolidate above the 1,530 support level following Bank Negara's decision to keep the status quo on the overnight policy rate, said Apex Securities Research.

The research firm said the lower liners, which have been on the rebound, could extend their gains in small increments due to the improved market sentiment.

"Traders are taking this opportunity to nibble onto beaten down stocks," it said in a note.

By sector, Apex expects the technology sector to stage a recovery following the positive developments on the Nasdaq while rising gold and CPO prices might create some trading opportunities within the gold-related and plantation stocks.

Wall Street rebounded strongly overnight as investors were relieved by US Federal Reserve Jerome Powell's affirmation that interest rate cuts were likely to begin this year if inflation remained on a downward trajectory.

The S&P500 rallied 1% to a fresh record high of 5,157 while the Nasdaq climbed 1.5% to 16,273, less than two points off its own record set last week. The Dow Jones rose 0.3% to 38,791.

At 9am, the FBM KLCI was up 0.69 points to 1,536.92, with investors staying cautious below the 21-day simple moving average.

tunggu je berita lanjutan, ya!

**Country Heights Holdings Bhd (CHHB)** has entered into an exciting partnership with **JD.com**, China's leading e-commerce platform. The collaboration involves the formation of a new company called **JDMines Sdn Bhd**, which aims to penetrate the local e-commerce market in Malaysia. Here are the key details:

1. **Partnership Details**:
- CHHB has signed a licensing and collaboration agreement with JD.com's subsidiary, **Beijing Wodong Tianjun Information Technology Co Ltd**, to establish JDMines Sdn Bhd¹.
- CHHB will hold a **70% stake** in JDMines, while **Star Pulse Sdn Bhd** will hold the remaining **30%**. Star Pulse, as the technology expert, will collaborate with CHHB to implement and execute the new e-commerce platform in Malaysia¹.

2. **Business Model and Objectives**:
- JDMines aims to leverage CHHB's resources and JD.com's business model to enhance the local consumer experience.
- The company plans to construct its first physical store at the **Mines International Exhibition and Convention Centre** in Seri Kembangan, Selangor. This store will offer **100,000 sq ft of retail space**, providing consumers with a wide range of products¹.

3. **Strategic Importance**:
- CHHB's Managing Director, **Datuk Jared Lim**, emphasized that this collaboration is a crucial part of CHHB's transformation plan. By partnering with JD.com, they aim to bring technology and products into Malaysia, enhancing the omni-channel consumer experience¹.
- CHHB's founder and chairman, **Tan Sri Lee Kim Yew**, believes that this venture aligns with the company's overall transformation plan. Leveraging JD.com's assets will create significant value for CHHB, allowing them to extend their operations beyond their home state¹.

4. **About JD.com**:
- JD.com, headquartered in Beijing, is one of China's largest business-to-consumer platforms in terms of transaction volume and revenue. It is also a member of the Fortune Global 500.
- The company, founded in 1998 by **Liu Qiangdong**, initially started as a magneto-optical store and later diversified into selling electronics, mobile phones, computers, and other items¹.

This strategic partnership represents an exciting step forward for both CHHB and JD.com, as they aim to revolutionize e-commerce in Malaysia and enhance the digital shopping experience for consumers. 🛒🌟

most actively traded today? fingers crossed

terbang 24.5sen dah

LKY boleh mempelawa JD.com untuk menyapu 10% stake in chhb dari pasaran terbuka juga... hehe

jumlah syer tak banyak, market cap kecil jugak (greatly undervalued) nak terbang pun bukan masalah hehe

Share Issued=299.988m , Market Cap RM68.997m

JD.com bukan sebarangan hehe

JD.com
Chinese e-commerce company

jd.com
JD.com, Inc., also known as Jingdong, formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing. Wikipedia

Headquarters: Beijing
Founder(s): Liu Qiangdong
Founded: 1998
Employees: 310,000
Stock price: JD (NasdaqGS) $23.99 -0.92 (-3.69%)

Thu, Mar 7, 2024, 4:00PM EST

TUNGGU ARTIKEL LANJUTAN TENTANG PROJEK IT DENGAN JD.COM TERUTAMANYA PRIVATE PLACEMENT UNTUKNYA IF ANY... REVIVAL TIME KONONNYA

SEGALA INFRA DAH DIBUAT, DIGITAL INVESTMENT BANK PUN DAH SET UP, TUNGGU JD.COM TETAPKAN TARIKH PELAKSANAAN KINI .. PANDEMIK MENUNDAKAN TARIKH, DLL... POST-PANDEMIK, KEMBALI BANGKIT KINI

LKY SAPU BALIK SYER CHHB DAN JUALKAN SYER KPD GENGNYA ATAUPUN JD.COM MELALUI DIRECT DEAL , SUNGGUH BERBALOILAH... TERBIJAK

BELIAU DIJANGKA AKAN MEMBELI LAGI HEHE...

5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
Subject : Intention to Deal During Closed Period
1. Details of Intention to Deal During Closed Period
Salutation : TAN SRI
Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew
Designation : Others
Description of "Others" Designation : Group Advisor
Nature of Interest : Direct Interest
Description of Securities : Ordinary Shares
No of Securities Held : 77,766,389
% of Securities Held : 26.210
2. Details of Intention to Deal During Closed Period
Salutation : TAN SRI
Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew
Designation : Others
Description of "Others" Designation : Group Advisor
Nature of Interest : Indirect Interest
Description of Securities : Ordinary Shares
No of Securities Held : 57,878,121
% of Securities Held : 19.500
Remarks : This announcement is made due to the intention to deal by companies
deemed interested by Tan Sri Lee Kim Yew.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

05/03/2024 07:00 AM


Ref Code: 202403053000264

hARI NI MILIK lky ... JOM TENGOK SELEPAS 9AM

Isu Akaun - beres, Isu pinjaman bank - beres, jumlah tunai RM11-12juta @ 31.12.2023, Jumlah kenaikan tunai RM1 - 2 juta bagi suku tahun ke 4, Retained earnings RM116juta++@31.12.2023 boleh buat share buyback jika tunai masuk nanti, nilai asset bersih sesaham RM2.09 @31.12.2023. Kerugian yg dilaporkan untuk suku tahun ke 4 semata-mata pelarasan buku (impairment loss) yg tak menjejaskan aliran tunai, sebaliknya jumlah tunai naik sebanyak RM1 - 2 juta menurut Akaun Aliran Tunai CHHB @31.12.2023.

Segalanya beres, tunggu harga syer memecut hari ni je hehe

2024-03-08 HARGA? hUAT? 30SEN & ABOVE .... LET'S SEE AFTER 9AM HEHE

2024-03-07 0.20 0.235 0.20 0.23 +0.025 (12.195%) 7,303,400
2024-03-06 0.23 0.23 0.20 0.205 -0.025 (10.869%) 9,233,300
2024-03-05 0.24 0.25 0.225 0.23 -0.02 (8.00%) 5,224,300
2024-03-04 0.26 0.26 0.23 0.25 -0.025 (9.09%) 3,422,900
2024-03-01 0.27 0.275 0.27 0.275 0.00 (0.00%) 109,000
2024-02-29 0.275 0.275 0.27 0.275 +0.005 (1.851%) 173,100
2024-02-28 0.28 0.29 0.27 0.27 -0.015 (5.263%) 844,200
2024-02-27 0.295 0.295 0.28 0.285 -0.015 (5.00%) 884,500
2024-02-26 0.30 0.30 0.30 0.30 0.00 (0.00%) 1,000
2024-02-23 0.30 0.305 0.30 0.30 0.00 (0.00%) 20,000
2024-02-22 0.305 0.305 0.30 0.30 0.00 (0.00%) 124,200
2024-02-21 0.00 0.00 0.00 0.30 0.00 (0.00%) 0
2024-02-20 0.30 0.30 0.30 0.30 -0.015 (4.761%) 70,000
2024-02-19 0.00 0.00 0.00 0.315 0.00 (0.00%) 0
2024-02-16 0.30 0.32 0.30 0.315 +0.015 (5.00%) 88,000
2024-02-15 0.30 0.30 0.295 0.30 0.00 (0.00%) 537,000
2024-02-14 0.305 0.305 0.30 0.30 -0.005 (1.639%) 657,200
2024-02-13 0.30 0.32 0.30 0.305 0.00 (0.00%) 656,500

ANOTHER BIG FIGHT FOR SHARE TODAY... HIDUP CHHB HEHE

Golden Horse Exchange
Golden Horse Exchange is a blockchain-based solution allows our investors to control and manage contractual engagements. The token issuance system incorporates smart contracts and automates document flow, reducing overheads for all parties involved.

It provides users with fast and safe transactions and data storage by realizing the concept of inclusive finance.

In addition, the newly introduced Instant Account in GH Exchange also allows new-to-bank clients to access modern digital investment banking services by opening their first trading account in a few minutes from anywhere.



Golden Horse Wallet
Golden Horse Wallet supports multiple blockchain tokens that allows our clients to control your own digital assets and personal data.

With the help of cryptographic public and private key wallet accounts, the GH multichain wallet is an easier, simpler hassle-free and seamless tool for multi accounts management.

Golden Horse Chain
In order to achieve the concept of financial inclusion, Golden Horse Chain offers users fast and secure transactions and data retention.

It is a token-based blockchain that can be built around to provide asset collateral certificates, e-contracts, digital transaction certificates, personal credit systems and more.



Digital Solutions
The Golden Horse mobile apps are being developed for our clients who are on the go and demand for round-the-clock access to investment account.

Our mobile apps are equipped with a wide array of practical tools to ease most of everyday tasks, such as investment account balance checking, money transfer to anyone, real-time trading, mobile accounts opening and many other great features. It is free to download, highly secured and easy to use.

https://ghi-bank.com/our-services/

Labuan IBFC
The Golden Horse Digital Investment Bank (GHDIB) was registered in Labuan International Business and Financial Centre (Labuan IBFC) on 28th November 2019 and its investment banking license by Labuan Financial Services Authority (Labuan FSA) on 25th March, 2021.

The Labuan IFBC offers a comprehensive mid-shore solution to strike the ideal balance between client confidentiality and compliance with international best standards and practices. It is well-supported by a robust, modern and internationally-recognised legal framework enforced by its regulator, Labuan Financial Services Authority (Labuan FSA).

Labuan IBFC boasts a wide range of business and investment structures facilitating cross-border transactions, business dealings and wealth management needs. These unique qualities offer sound options for regional businesses going global or global businesses looking at penetrating Asia’s burgeoning markets.

https://ghi-bank.com/about-us/

semoga JD.com akan memohon Private placement chhb & MENJADI PEMEGANG SYER UTAMA BARU untuk melaksanakan projek IT raksaksa DENGAN CHHB nanti/KELAK

#thesun.my › home_news › country-heights-jd-com-to-build-omniCountry Heights, JD.com to build omni channel business in M’sia
PETALING JAYA: Country Heights Holdings Bhd (CHHB) has entered into a licensing agreement and collaboration agreement with Beijing Wodong Tianjun Information Technology Co Ltd (JD.com)

Blockchain / Digital Investment pun dah set up :)

BLOCKCHAIN & FINANCE
COUNTRY HEIGHTS HOLDINGS BERHAD
Home
Core Business
Blockchain & Finance
Golden Horse Digital Investment Bank
Golden Horse Digital Investment Bank Ltd (“GHDIB”) is a groundbreaking, fully-licensed and regulated digital investment bank built to give people a fairer, smarter and more human alternative to the banks of the past.

It offers investment account alongside a range of lending products and digital asset exchange.

GHDIB also provides B2B banking and payments services through its Banking-as-a-Service model based on the proprietary and blockchain technology platform that it uses to power its own bank.

The Golden Horse Exchange (“GH Exchange”) also offers clients in-app access to a selection of digital asset exchange services which offering seamless users experience. Clients can also raise fund on our GH Exchange thru the STO platform.

Address:
Golden Horse Digital Investment Bank
Marketing Office
10th Floor, Block A,
The Mines Waterfront Business Park,
No. 3, Jalan Tasik, The Mines Wellness City,
43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia.

Labuan HQ
Rumah Labuan FSA, Lot 1, 2 & 3,
Jalan Golf Club, 87000 Labuan F.T., Malaysia.

kemenangan israel dan kemusnahan hamas arab semakin nyata.. hehe ... Bjfood to buy? :)

Global web icon
The Guardian
www.theguardian.com/world/2024/mar/07/...
Israel will resist pressure to halt Rafah attack, says Netanyahu
web5 hours ago · [But] this war will end ultimately with the total defeat of Hamas or its surrender,” Levy said.

Hamas kian musnah... berita terkini... bjfood akan pulih kot? hehe

Israel Vs Hamas | Hundreds Of Hamas, Islamic Jihad Fighters Surrender To IDF, Israel Says | N18V
YouTube59.4K views9 hours ago

CNN-News18

[20sen + 47sen] / 2 ~ 33.5sen, harga sasaran yg diramalkan haha

52 Weeks Range

0.20 - 0.47

Hari ni, pelabur2 akan berebut-rebut untuk membeli balik syer CHHB. Dijangka balik 30sen++ dalam beberapa hari. Semoga anda juga mendapat keuntungan kelak.

@Buayabuster

Lky sengaja announce tak lapor akaun akan suspend untuk takutkan pelabur dan jual saham balik kepadanya dengan harga murah- taktik yg banyak buaya operator guna untuk kutip balik saham yg dijual oleh mereka dengan harga tinggi sebelum ini

Tapi tapi, ada beberapa investor nampak tipu helah kroni madeykuttu ni dan rebut beli pada harga murah 20c

Lky teramat marah sebab memang dia tak boleh guna taktik tak submit akaun kerana namanya akan terjatuh ke longkang dan semua berita akan tersebar


Maka, begitulah tamat episod lky utk cuba nak kutip balik saham dan buat general offer jika dia mampu milik melebihi 90%

1 hour ago

balik 1sen, terendah 1/2 sen tak boleh jadi sifar sen hehe

Iranians support israel :)

"The message is, 'We are ready.' The Iranians are saying that they are ready for an Israeli attack that will crush the Ayatollah regime, and then the Iranian people will join and help bring down the regime. On my last trip to Israel, as the first Iranian to speak in the Knesset, I stated that the only way to achieve peace in the region is to eliminate the Islamic Republic. We have an army of 80 million Iranians who are thirsty for freedom and democracy. https://www.msn.com/en-us/news/world/we-are-ready-iranian-people-send-message-of-support-to-israel/ar-BB1judcz?ocid=msedgntp&pc=ACTS&cvid=a0cd6eb671f2435884cfa2203ca9ece2&ei=34

Price-To-Sales vs Industry: CHHB is good value based on its Price-To-Sales Ratio (1.3x) compared to the MY Real Estate industry average (1.6x).

Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable CHHB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CHHB is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0% per year.

Debt Level: CHHB's net debt to equity ratio (13.9%) is considered satisfactory.

Reducing Debt: CHHB's debt to equity ratio has reduced from 25% to 15.4% over the past 5 years.

Key information
15.4%

Debt to equity ratio

RM108.91m

Debt

Interest coverage ratio n/a
Cash RM10.84m
Equity RM707.82m
Total liabilities RM496.12m
Total assets RM1.20b

Country Heights Holdings Berhad Balance Sheet Health
Financial Health criteria checks 5/6

Country Heights Holdings Berhad has a total shareholder equity of MYR707.8M and total debt of MYR108.9M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are MYR1.2B and MYR496.1M respectively.

buy more tomorrow hehe

Share Price vs Fair Value
What is the Fair Price of CHHB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

39.8%
Undervalued
Current Price
RM0.23
Fair Value
RM0.38
20% Undervalued
About Right
20% Overvalued
Data
Learn

Below Fair Value: CHHB (MYR0.23) is trading below our estimate of fair value (MYR0.38)

Significantly Below Fair Value: CHHB is trading below fair value by more than 20%.

cukup licik :)

@ocbc

Yes, no more hope to collect it at low price now. Likely did on purpose to get retail investors to sell cheaply for TSL to collect at the lelong price. Relaxation of MM2H basically good for CHHB since they have the wellness centre for rich retirement people.

1 hour ag

Buy more ipo 70sen, now 60sen... Lower by 10%++

Kawan pun ada jual frozen roti canai, just buy and heat it up. Tak payah ma'am kat kedai mamak lagi jimat :)

KUALA LUMPUR: “I was about to enjoy my roti canai when I heard an explosion in the kitchen area of the shop,” said Muhaimin Ahmad, 39, one of the customers at a restaurant on Jalan Bangsar Utama here, which caught fire at 11.30am today....