Bandar Malaysia is a master-planned urban redevelopment of Malaysia's first airport in Sungai Besi. The township is the country's strategic real estate development leveraged to capture high multiplier effects and to spur a vibrant economy.

It will be developed over a 15 to 25-year period at a projected gross development value (GDV) of RM150 billion. The development is designed to become Malaysia’s new international landmark when completed.

IWH, the master developer of the Flagship A portion of Iskandar Malaysia Economic Growth Corridor, is a public-private partnership between Credence Resources Sdn Bhd (60%) and Johor State Government-owned, Kumpulan Prasarana Rakyat Johor Sdn Bhd (40%). IWH owns 4,300 acres of prime seafront land in Danga Bay, Johor Bahru, within Iskandar Malaysia.

The company earned a track record developing the Danga Bay project where it has gone into partnerships with 11 developers so far to carry out projects along a 8km coastal stretch. These projects will have a GDV of RM125 billion and will be done over the next 10 to 15 years.

CREC is one of the world’s largest engineering and construction firms, and also has businesses, amongst others, in industrial manufacturing, real estate development, and resources and mineral products. It is currently ranked number 71 in the Fortune 500, with a turnover exceeding US$100 billion per annum.

Balik kampung tanam jagung? U think why tan sri buy kedai roti? For fun ah? Be creative don't copy your own yesterday comment pls

After payback the borrowing from PP, interest cost will go down n profit up

Got PP to pump in $$$ to Ekovest in current market condition woh, who wants to jump out of the boat

. 885 liao, those sold early T_T

Luckily is not RI :) Push the price up then only PP is a good move for shareholders, PP also confirm there must be something in ekovest, no one will invest for nothing. I'm worry the PP fail and then eko ask for RI...

Yesterday up 30c, today down only 10c, not bad mah

Announcement said not involve, not "wont involve". Pls read the announcement properly. Read this article to know more http://www.financetwitter.com/2019/04/from-ecrl-to-bandar-malaysia-to-huawei-this-country-will-depend-on-china-to-drive-its-economy.html

http://www.financetwitter.com/2019/04/from-ecrl-to-bandar-malaysia-to-huawei-this-country-will-depend-on-china-to-drive-its-economy.html

Those short selling hv to buy back by the end of the day

Bahai4453, u short selling this morning?

Those sold early this morning.... - _-

Proprietary day trading (PDT) and intraday short selling (IDSS) suspended

Not involve n won't involve are different... ;)

Ho Hup Construction Company Bhd (+ve)

TRADING of the shares in Ho Hup Construction Company Bhd (fundamental: 0.4/3, valuation: 1.5/3) triggered our momentum algorithm last Friday for the fourth time this year.

The stock closed four sen or 9.52% higher at 46 sen, with 4.57 million shares done, compared with the average 432,968 shares recorded in the past 200 days.

For the fourth quarter ended Dec 31, 2018, Ho Hup’s net profit fell 31% to RM6.49 million from RM9.41 million a year ago, on higher finance costs and marketing expenses despite stronger revenue.

Revenue rose 48% to RM100.98 million from RM68.05 million due to progress billings from various construction works in Terengganu, Johor and Perak.

For the full year, net profit fell 32% to RM27.4 million from RM40.08 million a year ago, although revenue rose 45% to RM259.96 million from RM179.68 million previously.

Ho Hup Construction is currently trading at 0.47 times its net book value.

Seems like somebody is collecting recently

*Ho Hup Construction Co (5169)* (RM0.44): Technical Buy
Targets: RM0.52-0.55, RM0.60
Stop: RM0.405

Profit getting lower and lower due to higher finance cost, half of the finance cost paid to company related to a major shareholder

+14% today

Suddenly shoot up

What happened?

Maybe Ts need $ to support iwc, after iwc price stable only Eko price will up

Luckily i don't play contra, was so tempted to buy yesterday

AmInvestment Bank cut its earnings forecast for Ekovest for the financial year ending Dec 31, 2019 (FY19) and FY20, but raised its fair value (FV) on the stock to RM1.70 from RM1.35 following the latest development.

“Our previous forecasts consolidated earnings contributions from IWC as we assumed Ekovest to successfully acquire 62% of IWC, turning it into a subsidiary. We now exclude earnings from IWC,” said the research house.

It added that the higher FV is supported by lower net debt amid the absence of borrowings raised to fund the takeover and consolidation of IWC’s debt, as well as a 25% discount to reflect the risk premium on valuations arising from the acquisition, which it said was negatively perceived by the market.

AmBank said Ekovest’s fundamentals remain solid without IWC, highlighting the group’s RM13 billion construction order book, stable recurring income from toll concessions and its RM6 billion land bank in the vicinity of the River of Life project.

@Sebastian Sted Power : From the video, if the Greenland payment is received, institutional is likely to vote for the proposal

Toll free better, one off compensation then declare special dividend

If it's not related co, will TS buy at same price at current mkt condition? Some more the land is in johore not kl

ratz, u really think independent directors here in msia really independent? Oh c'mon

Maybe he ask ppl run then he can sapu

Real Investors not rushing to buy, contra kaki eager to sell, you have to wait. If eko's future not expected to be good, TS won't push the M&A

"... What happened to the second instalment from Greenland Tebrau due on 15Mar2018. MD said only could answer in IWC shareholders mtg. So how do they expect Eko shareholders to make an informed decision."

iwc jialat liao, if scheduled payment already received sure can disclosed

I think institutional investors rejected the proposal, not powerful enough if only ikan bilis against it

A lot contra kaki

Iwcity bilis kesian or not, not our problem, it's their investment n they deserve it, why involve eko

TS can't vote

But still keen to know greenland paid iwc or not

Eko sure will hv good profit the next few years, if not ts won't park iwc in eko

So fast eko start flying

TS aldy got the land, he can do what he wants, no need m&a. Fair value gain is just paper profit bro

Holding land for nothing to unlock value? I can only think of the iwc land sale will call off so eko being used to save iwc

Need to know whether IWC received payment for land sale or not, chances are slim

It's like gambling big small... Hopefully deal will call off

If IWC not receiving money from Greenland, ofcoz they will accept share swap with ekovest. So what's the status of the payment?

@CrazyNutBull He himself can't vote, not sure EPF and AIA will vote for or against

Vote no

Slow and steady. Just that many dont agree with the company's venture into new projects, they just hoping Hohup do nothing but to receive income from Malton and declare dividends. Worth to take those new projects or not only time will tell... If u have the patience

March 12, 2018 7:43 pm JST
Malaysia's Ho Hup Construction Signs JV Pact For Mixed Development Project
By Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Mar 12) -- Malaysia's Ho Hup Construction Company said Monday it plans to partner with Koperasi Serbausaha Makmur to jointly undertake a mixed development project having gross development value of 180 million ringgit ($46.08 million).

The proposed development, which sits on an 8,129.90 square metres land in Kuantan, in the state of Pahang, will include a hotel, three commercial office floors and a block of serviced apartments, the company said in an exchange filing.

Under the joint venture agreement, Koperasi Serbausaha Makmur will be entitled to 25 million ringgit in consideration to provide the land to Ho Hup, it said. The koperasi has also agreed to buy the hotel and three commercial floors for 38.06 million ringgit, Ho Hup said.

The proposed joint venture is expected to be completed within 48 months from the date of approval from relevant authorities, Ho Hup added.

Director selling shares?

Anzpac constitutes about 20.6 % of the latest audited Net Assets of the Group as at 31 December 2016

Why auditors didn't ask them to provide enough impairment loss earlier since anzpac is making loss and now cease business in less then 12 months from the auditors report issued? Now my concern is will there be further impairment loss to be recognized in the next quarter since TW profit keep diminishing

Loss 11sen per share for closing down Australia operation, that's a lot!