Bursa Malaysia (KLSE) Stock Investment Portal

2015-09-10 20:13 | Report Abuse

9296 RCECAP RCE CAPITAL BHD
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder

Name : AZMAN HASHIM
NRIC/Passport No./Company No. : 390717105069
Nationality/Country of Incorporation : Malaysia

Address:
2 Jalan Teberau 1 Ukay Heights 68000 Ampang Wilayah Persekutuan Malaysia
Descriptions (Class and Nominal Value):
Ordinary shares of RM0.10 each

Name and Address of Registered Holder:
Cempaka Empayar Sdn Bhd2-01, Block B, Amcorp TowerAmcorp Trade CentreNo.
18, Jalan Persiaran Barat46050 Petaling JayaSelangor Darul Ehsan BBL Nominees
(Tempatan) Sdn Bhd - Pledged securities account for Cempaka Empayar Sdn Bhd105
Jalan Tun H.S Lee50000 Kuala LumpurCIMSEC Nominees (Tempatan) Sdn Bhd - CIMB
for Cempaka Empayar Sdn Bhd17th Floor, Menara CIMBJalan Stesen Sentral 2Kuala
Lumpur Sentral50470 Kuala Lumpur

Details of Changes

Date of Notice : 27/08/2015

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 21/08/2015 Acquired 55,505,550 -

Circumstances by reason of which change has occurred:
Deemed Interest - Acquisition of shares
Nature of Interest:
Indirect interest
Consideration:

No of Shares Held After Changes:

Indirect/Deemed Interest : 779,798,294 shares (61.3480%)
Total : 779,798,294 shares

Remarks:

General

2015-09-10 20:13 | Report Abuse

9296 RCECAP RCE CAPITAL BHD
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder

Name : AMCORP GROUP BERHAD
NRIC/Passport No./Company No. : 1166-T
Nationality/Country of Incorporation : Malaysia

Address:
2-01, Block B, Amcorp Tower Amcorp Trade Centre No. 18, Jalan Persiaran
Barat 46050 Petaling Jaya Selangor Malaysia
Descriptions (Class and Nominal Value):
Ordinary shares of RM0.10 each

Name and Address of Registered Holder:
Cempaka Empayar Sdn Bhd2-01, Block B, Amcorp TowerAmcorp Trade CentreNo.
18, Jalan Persiaran Barat46050 Petaling JayaSelangor Darul Ehsan BBL Nominees
(Tempatan) Sdn Bhd - Pledged securities account for Cempaka Empayar Sdn Bhd105Jalan Tun H.S Lee50000 Kuala LumpurCIMSEC Nominees (Tempatan) Sdn Bhd – CIMB for Cempaka Empayar Sdn Bhd17th Floor, Menara CIMBJalan Stesen Sentral 2Kuala Lumpur Sentral50470 Kuala Lumpur

Details of Changes

Date of Notice : 27/08/2015

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 21/08/2015 Acquired 55,505,550 -

Circumstances by reason of which change has occurred:
Deemed interest pursuant to Section 6A(4)(c) of the Companies Act, 1965 -
Acquisition of shares
Nature of Interest:
Indirect interest
Consideration:

No of Shares Held After Changes:

Indirect/Deemed Interest : 779,798,294 shares (61.3480%)
Total : 779,798,294 shares

General

2015-09-10 20:12 | Report Abuse

General

Seven Reasons the Fed WON’T Raise Rates Next Week: Deutsche Bank

2015-09-10 20:11 | Report Abuse

9296 RCECAP RCE CAPITAL BHD (TOTAL 105+15=120%)
Thursday, 6 Aug 2015

7:39PM RCECAP Special interim single-tier dividend 105%
7:38PM RCECAP 1Q net profit 9.437 million (increased 37.25%)
7:36PM RCECAP Final Single-Tier Dividend 15%

Each Lot of shares you get RM120.00,

Current price RM0.335, Dividend yield of 35.82%

Special interim single-tier dividend 105%

Entitlement Details:
Special interim single-tier dividend of 105%

Entitlement Type: Special Dividend
Entitlement Date and Time: 25/09/2015 05:00 AM
Year Ending/Period Ending/Ended Date: 31/03/2016
EX Date: 22/09/2015
To SCANS Date:
Payment Date: 08/10/2015
Interest Payment Period:

General

2015-09-10 19:20 | Report Abuse

Seven Reasons the Fed WON’T Raise Rates Next Week: Deutsche Bank
Alexandra Scaggs
September 10, 2015

Joseph LaVorgna, Deutsche Bank AG’s chief U.S. economist, has had a change of heart about the Federal Reserve. In a report Wednesday, he pushed out his forecast for the Fed’s first interest-rate increase in nearly a decade until October. That’s a change from two weeks ago, when he and his team predicted that steady growth in the economy would lead the Fed to raise rates this month. International market turmoil and persistently low inflation have led bond futures traders and strategists to trim bets on a September rate rise.

"I’m totally convinced they don’t need to move" this month, he said in a phone interview. "October seems to work really well."

Here are the seven reasons LaVorgna gives for changing his view:

1) Global stock markets are fragile:
In the US, for example, the S&P 500 declined 11% over a six-day span last month, which is twice the normal amount of adjustment that has historically occurred before the initiation of an increase in the fed funds rate.

2) The Fed’s preferred gauge of the dollar, the trade-weighted broad dollar index, continues to strengthen:
In Fed models of the economy, this will have an appreciable negative effect on net exports and hence real GDP.

3) Financial markets aren’t pricing in a rate hike:
The financial markets are not discounting a Fed hike this month, and history is clear that policymakers are loathe to disappoint financial markets.

4) Key members of the Federal Open Markets Committee appear to be backtracking from a September move:
LaVorgna cites recent statements from Atlanta Fed President Dennis Lockhart, New York Fed President William Dudley, and San Francisco Fed President John Williams.

5) The Fed still has two more opportunities to raise rates this year:

Thus, the Fed could wait a little bit longer to see if global financial markets settle down.

6) Because there are still those two meetings left, the Fed doesn’t see any risk of losing market credibility:
We feel the Fed has no reason to believe that standing pat in September risks reputational damage, as there is still time to raise rates this year.

7) There’s no sign of prices picking up any time soon:
With headline and core inflation consistently below the Fed’s targeted level for over three years, monetary policymakers will have a hard time explaining to the public why they are raising interest rates.

General

FED NOT HIKE RATE

2015-08-27 11:13 | Report Abuse

http://www.businessinsider.my/how-outlook-for-fed-rate-hike-changed-last-week-2015-8/#cfpiFqoroqELml11.97

In just one week, everything changed for the Fed
Akin Oyedele Markets Aug. 22, 2015, 6:00 PM

All it took was a few days.

At the beginning of the week, it seemed the Federal Reserve had all the confirmation it needed that the economy was ready for tighter monetary policy.

Markets had been taking the economic data releases in stride, in this final stretch before the meeting on September 17. And Fed funds futures reflected that markets were betting on a 50% chance that the Federal Reserve would raise interest rates at its September meeting.

We crossed a major hurdle earlier this month with a satisfactory July employment report.

Retail sales data for July showed that consumer spending is more robust today following a weak first quarter. This week, several retail giants including Target, Lowes and TJX reported an increase in same-store sales.

US monetary policy was seen headed towards tighten, while central banks elsewhere kept a tight lid on interest rates to support their economies.

There had been concerns that lower energy prices would do more to keep inflation at bay, and further off the Fed’s 2% target. And, that there was still considerable slack in the labor market, coupled with slow wage growth.

Yet, a September rate hike looked very plausible to many economists on Wall Street.

But that changed in a few days.

image: https://static-ssl.businessinsider.com/image/55d5c6af9dd7cc14008b47f7-857-572/screen%20shot%202015-08-20%20at%208.22.53%20am.png

BAML
Expectations for a September rate hike suddenly nosedived.
It started to change with the minutes

On Wednesday, we got the much-anticipated minutes from the Federal Open Market Committee’s July meeting. However, they did little to support anybody’s conviction in a September rate hike.

The minutes indicated that although the Fed saw the economy approaching the conditions appropriate for a rate hike, members thought those criteria had not yet been reached. From the minutes:
… The Committee agreed to continue to monitor inflation developments closely, with almost all members indicating that they would need to see more evidence that economic growth was sufficiently strong and labor markets conditions had firmed enough for them to feel reasonably confident that inflation would return to the Committee’s longer-run objective over the medium term.

The Committee concluded that, although it had seen further progress, the economic conditions warranting an increase in the target range for the federal funds rate had not yet been met. Members generally agreed that additional information on the outlook would be necessary before deciding to implement an increase in the target range…

And so, it seemed that the Fed simply confirmed what everyone knew – that the economy was accelerating – but not quite as fast as necessary to raise rates.

At the end of the day, markets were left “slightly lost, upset, and confused,” as Deutsche Bank’s Jim Reid put it in a note to clients on Thursday.

And this was enough to squash expectations for September. The probability of a rate increase next month plunged from 50% to 36% in a single afternoon on Wednesday.

And then, stocks entered a correction
In two days, US stocks tumbled far enough to log the worst week since September 2011.
After falling to a six-month low on Thursday, the Dow on Friday lost more than 500 points and entered into a correction – defined as a 10% drop from recent highs. The S&P 500 closed down 5% for the week, and lost more than 100 points in a week for the first time since 2008.

On Friday afternoon, the probability for a rate hike next month was lower than , at 34%.
(It had been at 50% just on Wednesday.)

In a note on Friday, Tom di Galoma, head of fixed income rates trading at ED&F Man Capital, wrote (emphasis added):
“With severe stock weakness in the U.S. and China over the last two days and with institutional investors selling upticks equities for approximately 30 days, this will certainly curtail any chance of a Fed hike in September. The slowdown in Asia is coming at the wrong time for the Fed to raise rates and by the way inflation remains non-existent. If anything China continues to export deflation instead of growth. There economy is trouble and this could truly be the beginning of a larger fallout. As a result, the Fed could be on hold longer than anyone could possibly imagine.“

image: https://static-ssl.businessinsider.com/image/55d7895a9dd7cc1f008b5286-600-450/screen%20shot%202015-08-21%20at%204.23.47%20pm.png
Myles Clouston, senior director at Nasdaq, told Business Insider that odds of a rate hike have “diminished significantly.”

And, the carnage in markets may not stop any time soon, as fear about the global economy continues to increase.
“The Street is expecting things to continue to be choppy in the near term especially ahead of the Fed. I think that until then, we’re going to see

General

China central bank injects $22B into economy

2015-08-26 22:08 | Report Abuse

China central bank injects $22B into economy
Katy Barnato | @KatyBarnato
26 August 2015 4 Hours AgoCNBC.com

China pumped 140 billion yuan ($21.8 billion) into its economy on Wednesday, in the central bank's latest bid to shore up slowing economic growth and waylay investors' fears of a "hard landing."

The People's Bank of China (PBoC) injected billions of yuan into the interbank money market via a short-term liquidity operation, the bank said on its website. The loans mature in six days and have an average weighted bid rate of 2.3 percent.

Short-term liquidity operations were introduced in 2013 by China to smooth fluctuations in liquidity and stabilize interbank funding costs. Wednesday's action came at a time of extreme market volatility in China and increased intervention by the central bank.

On Tuesday, the PBoC announced a 25 basis point cut to its benchmark bank lending rate, to 4.6 percent. It also cut the reserve requirement for major banks by 50 basis points, to 18 percent.

http://www.cnbc.com/2015/08/26/china-central-bank-injects-22b-into-economy.html

General

Fed will hold in 2015, most of 2016 from Barclays Capital

2015-08-25 20:05 | Report Abuse

Fed will hold in 2015, most of 2016: Barclays
By Chris Becker in Interest rates
at 9:39 am on August 25, 2015
by Chris Becker

Although it has always been the right thing for the Fed to raise rates, bringing the cost of capital back to a realistic base and devaluing the orgy of debt built up since the last crisis, it’s now unlikely to do so for fear of a Lehman Brothers moment, turning this run of the mill bear market into a full blown risk crisis.

And the bets are turning further and further into 2016, with Barclays now pushing its expectations of a first rate rise into March 2016. From the on the ball chaps at Forexlive:
Barclays Capital moved its call for the first Fed rate hike from September 2015 to March 2016.

“Given the uncertainty around the current global outlook, the timing of the rate hike seems more uncertain than usual. Should this episode of financial market volatility prove transitory, the FOMC could raise rates in December. On the other hand, if the volatility proves durable or reveals greater than expected weakness in global activity, the FOMC may push the first rate hike beyond March,” Barclays argues.

“We see a delay past mid-2016 as a relatively low probability at this point given our views on US labor markets. The US has proven durable to shocks emanating from emerging markets in the past, and we believe the current bout of uncertainty to be less pronounced than the successive shocks from developed economies that rocked global markets in 2008, 2010, and 2010,” Barclays adds.

The overarching need to remove the deadweight from the global economic system by normalising rates will always be overshadowed by the short term tactical need to protect the US economy from any and every shock. Thus leading to bigger crises in the future.

General

FED will not raise interest rate in September 2015

2015-08-24 11:11 | Report Abuse

September Fed-hike bets dropping like a stone
Published: Aug 21, 2015 12:01 p.m. ET

Odds of December 2015 move is now 60%
By
GregRobb

Senior economics reporter
Market expectations for a September rate hike are dropping like a stone.
Traders now see roughly a 35% chance of a September rate hike, said Thomas Simons, an economist at Jefferies, down from more than a 50% chance just a few weeks ago.

Investors now see a 60% chance of a rate hike in December, according to CME FedWatch.
Fed fund futures, shown here, move higher as rate-expectations move lower.

Some economists, including those at Credit Suisse, who had expected a September move are now switching to the December camp.
“In our view, the risk that a near term tightening could exacerbate global concerns outweigh the benefits of tightening as soon as mid-September,” said Dana Saporta, an economist at Credit Suisse.

“For us it is a difficult call. The domestic economy warrants tighter policy but the timing doesn’t seem right to initiate lift-off,” she added.
Saporta said she wouldn’t rule out a rate hike at the Fed meeting in October, but the official call is now December.
Her views on the Fed could change if financial markets calm down, she noted.

Stocks have sold off around the world, particularly this week, as China’s recent devaluation of its currency have led many to question the health of the global economy. The Dow industrials DJIA, -3.12% have fallen to levels not seen since October.

Stock

2015-08-08 21:24 | Report Abuse

RCECAP DIVIDEND 120% (SPECIAL + FINAL )

9296 RCECAP RCE CAPITAL BHD (TOTAL 105+15=120%)
Thursday, 6 Aug 2015

7:39PM RCECAP Special interim single-tier dividend 105%

7:38PM RCECAP 1Q net profit 9.437 million (increased 37.25%)

7:36PM RCECAP Final Single-Tier Dividend 15%

Each Lot of shares you get RM120.00,

Current price RM0.335, Dividend yield of 35.82%

Special interim single-tier dividend 105%

Entitlement Details:
Special interim single-tier dividend of 105%

Entitlement Type: Special Dividend
Entitlement Date and Time: 25/09/2015 05:00 AM
Year Ending/Period Ending/Ended Date: 31/03/2016
EX Date: 22/09/2015
To SCANS Date:
Payment Date: 08/10/2015
Interest Payment Period:

Final Single-Tier Dividend 15%

Entitlement Details:
Final Single-Tier Dividend of 15%

Entitlement Type: Final Dividend
Entitlement Date and Time: 25/09/2015 05:00 AM
Year Ending/Period Ending/Ended Date: 31/03/2015
EX Date: 22/09/2015
To SCANS Date:
Payment Date: 08/10/2015
Interest Payment Period:

Thursday, 6 Aug 2015

Stock

2015-08-08 21:23 | Report Abuse

Hot Stock
http://www.theedgemarkets.com/my/article/rce-capital-shares-active-better-earnings-dividend

RCE Capital shares active on better earnings, dividend
By Gho Chee Yuan / theedgemarkets.com | August 7, 2015 : 11:02 AM MYT

KUALA LUMPUR (Aug 7): Shares in RCE Capital ( Financial Dashboard) has gained investors’ interest after the lender has delivered a good set of earnings and has declared special interim dividend of 10.5 sen per share for the first financial quarter financial year 2016 (1QFY16).

Its trading volume had soared to 21.9 million in the early trades today as compared to barely 922,200 shares for the whole of yesterday.

The counter had risen to a high of 40.5 sen in the morning before it settled at 39.5 sen, up 5.5 sen or 16% as at 10.45am.

RCE Capital (fundamental: 1.25; valuation: 2.6) is the fourth most actively traded counter on the local stock exchange this morning and was one of the top gainers.

In a filing with Bursa Malaysia yesterday, the general loan financing services provider said its net profit for the three months ended June 30 (1QFY15) increased 37.2% to RM9.44 million from RM6.88 million a year ago.

Quarterly revenue stood at RM37.49 million, representing 23.3% higher compared to RM30.41 million in 1QFY15 due to increase in interest income by RM6.7 million from the loan financing segment arising from higher loan base.

The group declared a 1.5 sen final dividend for the financial year ended March 31, 2015, which is payable on Oct 8, 2015.

Also, the financial services provider declared a special interim single-tier dividend of 10.5 sen, for the financial year ending March 31, 2016, which is payable on Oct 8 this year.

The ex-date for both dividends are on Sept 22, 2015.

General

2015-08-07 10:18 | Report Abuse

this is the stock that i have promoting on 15 Apr 2014, 1 year get rewarded, good deal
i have done research on many shares, but many people always ignore me.... 8) 8)
thank GOD, i patiently keep all the good stocks until now

Post Date : 15 Apr 2014
https://www.facebook.com/photo.php?fbid=1491093317785080&set=a.1483968555164223.1073741827.100006532785197&type=1&theater

General

2015-08-07 09:15 | Report Abuse

RCE Capital to give special 105% dividend
Thursday, 6 August 2015

KUALA LUMPUR: RCE Capital Bhd, whose net profit in the financial year ended March 31, 2015 almost tripled to RM36.2mil, has announced a special dividend of 105% for the current year. In May the financial services provider had announced a final (and only) ordinary share dividend of 15% (1.5 sen) with respect to the last financial year. That was equal to the preceding year’s dividend.

RCE, in which chairman Tan Sri Azman Hashim holds a 57% indirect interest, told Bursa Malaysia on Thursday that the special interim dividend of 10.5 sen involved a payout amounting to RM133.47mil.

The 105% dividend, with ex-date of Sept 22, has been approved by the directors and is payable on Oct 8.

In the last financial year, RCE’s net profit jumped 189.3% to RM36.2mil.

Profit attributable to ordinary equity holders of the company, which includes preference share dividends paid, recorded an even higher growth of 758% to RM26.82mil.

Stock

2015-08-07 06:03 | Report Abuse

bursa already announce and shareholders already approve...today the price will fly

General

Stock: [KBUNAI]: KARAMBUNAI CORP BERHAD - SOME SAYS ITS HEAVEN

2015-08-06 22:16 | Report Abuse

RCECAP DIVIDEND 120% (SPECIAL + FINAL )

9296 RCECAP RCE CAPITAL BHD (TOTAL 105+15=120%)

Thursday, 6 Aug 2015

7:39PM RCECAP Special interim single-tier dividend 105%

7:38PM RCECAP 1Q net profit 9.437 million (increased 37.25%)

7:36PM RCECAP Final Single-Tier Dividend 15%

Each Lot of shares you get RM120.00,

Current price RM0.335, Dividend yield of 35.82%

Special interim single-tier dividend 105%

Entitlement Details:
Special interim single-tier dividend of 105%

Entitlement Type: Special Dividend
Entitlement Date and Time: 25/09/2015 05:00 AM
Year Ending/Period Ending/Ended Date: 31/03/2016
EX Date: 22/09/2015
To SCANS Date:
Payment Date: 08/10/2015
Interest Payment Period:

Final Single-Tier Dividend 15%

Entitlement Details:
Final Single-Tier Dividend of 15%

Entitlement Type: Final Dividend
Entitlement Date and Time: 25/09/2015 05:00 AM
Year Ending/Period Ending/Ended Date: 31/03/2015
EX Date: 22/09/2015
To SCANS Date:
Payment Date: 08/10/2015
Interest Payment Period:

Thursday, 6 Aug 2015

General

2015-08-06 09:57 | Report Abuse

Resort operator Karambunai Corp is looking for investors from Asia-Pacific, including the Middle East, says its chief executive officer

DEVELOPER and resort operator Karambunai Corp Bhd (KCB) (3115), which is planning a return to profit, is looking for partners to help develop its land in Sabah and Kuala Lumpur, its chief executive said.

Currently, the firm is finalising plans with its South Korean partner, Landlovers Korea Co Ltd, to build a Korean Village Resort at the Karambunai peninsula in Kota Kinabalu.

Landlovers will hold 70 per cent of the venture to build villas and condominiums worth over RM400 million. It will market them exclusively in South Korea.

"These kind of partnerships will allow us to improve our revenue and profit base. We will be looking for similar deals with other investors from Asia-Pacific, including the Middle East," chief executive officer Datuk Robin Loh Hoon Loi told Business Times in an interview.
The firm has a 600ha land in the Karambunai peninsula and another 520ha in Bukit Unggul, KL.

KCB has since 1997 used 100ha at the Karambunai peninsula to build the five-star Nexus Resort Karambunai and Nexus Golf Resort Karambunai.

In the last few years, it has launched the RM2 billion Nexus Residences Karambunai (NRK) project, with the completion of the Dillenia precinct recently.

Although KCB made a record net profit last year, it fell into the red in the year to March 31 2008 with a net loss of RM32.1 million due to higher operating cost.

However, it is trying to turn the corner again. It made a net profit of RM3.3 million on revenue of RM117 million for the first six months of the current fiscal year.

"We are getting stable revenue and profit from our current resort and golf operations. Soon we will be getting profits from Dillenia, which will be operated as a new hotel under the Nexus brand.

"It is due to operate next January," Loh said.

Dillenia comprises 80 semi-detached beachfront villas and 163 condominium units, which were sold to investors under a leaseback option to KCB.

"It was a good deal as not only were we able to achieve promising sales from Dillenia, we are now able to generate additional income per annum from leasing the properties," Loh said.

At Bukit Unggul, which is near Putrajaya, Cyberjaya and the Kuala Lumpur International Airport, KCB plans to develop commercial, residential and recreational components.

It currently houses an 18-hole golf course and a club house.

KCB has three projects slated to launch next year - worth a combined RM1 billion - at the Karam-bunai peninsula and at its Bandar Sierra township, near the Kota Kinabalu city centre.

This includes Amabilis, a RM400 million development in NRK, featuring 100 luxury villas, by the first quarter of next year.

Amabilis will cater largely to foreigners under the Malaysia My Second Home (MM2H) program-me. Also earmarked to launch next year is the Korean resort. Details of the project are being finalised currently.

In Bandar Sierra, KCB will launch 200 units of terrace and semi-detached houses and cluster homes; 416 units of walk-up apartments; and 80 units of three-and four-storey shoplots worth RM180 million, by mid-2009.

Loh expects brisk sales for its new launches due to demand from buyers from Hong Kong, Singapore, Taiwan, Japan, South Korea and Europe under MM2H.

"We are aware of the macro-economic conditions that we are operating in and have put that into consideration when preparing our strategies and business plans," Loh said.

https://www.facebook.com/photo.php?fbid=1701866660041077&set=a.1483968555164223.1073741827.100006532785197&type=1&theater

Stock

2015-08-05 11:12 | Report Abuse

L&G PLANS BONUS ISSUE TO REWARD SHAREHOLDERS
By theedgeproperty.com | July 14, 2014 5:26 AM MYT

KUALA LUMPUR: Land & General Bhd (L&G) plans to reward its shareholders by issuing bonus shares, likely to be done in the first half of next year, said its chief financial officer KC Ng.

“We do plan on doing a bonus issue, but the structure has yet to be determined,” he told The Edge Financial Daily after a briefing to announce the group’s audited results for the financial year ended March 31, 2014 (FY14) last Friday.

In April last year, the property developer proposed to raise RM77.8 million via a rights issue of irredeemable convertible unsecured loan stocks (Iculs) on a one-for-one basis.

“Our Iculs got listed in September last year, and I think that, including the major shareholders, everyone will go for the conversion of Iculs into shares sometime by September this year. The ruling is that there has to be a moratorium period of six months before embarking on another corporate exercise,” said Ng.

As a result, L&G is unable to undertake a bonus issue for at least six months after the group’s last corporate exercise.

Earlier at the briefing, Ng said L&G aims to increase its market capitalisation to more than RM500 million by the end of the calendar year or FY15, from RM379.16 million as at last Friday.

“Upon full conversion of the Iculs that we issued, we should have a market cap of up to RM658.1 million,” he said.

The group announced bumper results for FY14, with a more than twofold increase in both its revenue and net profit to RM491.9 million and RM128.7 million respectively, from RM216.3 million and RM57.2 million the year before.

As at March 31, 2014, L&G’s cash and cash equivalents stood at RM183.76 million, with total assets of RM742.3 million. It has total borrowings of RM20 million and a gearing ratio of 0.04 times.

L&G also declared a maiden dividend payout of two sen per share for FY14, representing a payout of more than 30% of its net profit.

On the group’s future property launches, L&G managing director Low Gay Teck said the group plans to launch property projects with a total gross development value (GDV) of RM2 billion within the next 12 months.

Three of the projects in the pipeline are due to be launched in the first quarter of next year, namely the Damansara Foresta Phase 2 in Bandar Sri Damansara, Tuanku Jaafar Resort Homes in Seremban and serviced apartments in Jalan Ampang here, next to the group’s current The Elements @ Ampang project.

L&G recently gained shareholders’ approval to purchase the plot of land in Jalan Ampang for RM118.5 million.

Low said the serviced apartment development will comprise four towers with about 1,000 units. Its expected GDV is RM800 million.

Meanwhile, the Damansara Foresta project and the Tuanku Jaafar development will bring a combined GDV of RM1.2 billion to the group. Damansara Foresta will consist of two towers within 42 acres (17ha) of land next to the Bukit Lanjan Forest Reserve, while Tuanku Jaafar Resort Homes will comprise link, semi-detached and cluster homes.

Additionally, L&G has close to 2,500 acres (1,011ha) of estate land in Lembah Beringin, which Low said the group is planning to convert to residential land. Currently, it is planted with oil palm and rubber.

“We are in the midst of drafting out our master layout, and it should hopefully be firmed up by next year,” he said.

Low also said the group was in the midst of disposing of its Hidden Valley Golf & Country Club project in Melbourne, Australia, to interested parties, but not before finishing the construction of the remainder of the 900 bungalow units.

“So far we have sold 830 to 840 units of the 900. The cost of business in Australia is very high, and this project does not contribute much revenue to the group. The cost versus revenue is not justifiable, so we have decided to dispose of this project once we are done,” he said, adding that the group is still scouting for potential acquisitions overseas.

Stock

2015-07-27 11:18 | Report Abuse

Astoria Ampang (L&G NEW LAUNCH PROJECT)

Astoria Ampang is located in Ampang. The developed dimension for the units are among 560.00 sf. Astoria Ampang is actually a freehold property and includes services including BBQ Area, Playground, Swimming Pool, Cycling Path, Jogging Track, Gym, Wading Pool, Pavilion, Games Room, Yoga Room, you might expect from an exclusive residential. Amenities are in brief distances apart for example Oh Jun Hair Salon, Camys3 Touch (Always About Beauty), H & H Mulia Anggun Saloon, Energy Day Spa, LV Vincent Hair and Beauty Saloon, Lanson Place, Gleneagles Intan Medical Centre, KPJ Ampang Puteri Specialist Hospital, Gleneagles Hospital Kuala Lumpur and BCL Marketing Sdn Bhd. In close proximity attributes include Villa Aman, Tiara Ampang, Permai Seri Apartment, ARTE Plus (SOHO), 325 Persiaran Ritchie, Dataran Ukay, Desa Ukay, M City (Retail), M City (Services Apartment), Ampang Point.

Analysis
Astoria Ampang has received numerous good responses. Developer is noted for some other projects for example Taman Sri Endah (Apartment), Seri Mutiara, Winner Court A, Taman Greenview (Semi-D), Palm Terrace, Taman Pisang Mas Jaya, SS17 (Apartment), Sea Range Tower, Metro Villa, Starhill (Bungalow).

Astoria Ampang being in a strategic area where by Cash Converters (Ampang Point), 7-eleven @ Jalan Au 2a/17, Kuala Lumpur, 7-Eleven, Great Eastern Mall and Aeon Maxvalu Ampang are common about can make it an effective residence both for self and investment-stay. Occupants need not be worried about food as Haven Cafe - naturally good food, Giant Hypermarket Bandar Baru Ampang (GHBA), De Palma Hotel Ampang, Victoria Station (Jalan Ampang), Las Carretas Ampang, Alexis Bistro & Wine Bar, Mei Keng Fatt Seafood Restaurant, La Risata, Chalet Suisse and Daidomon are in the most effective comfort for them to look for number of dishes.

Astoria Ampang is a neighbour to other exclusive developments for example Villa Aman, Tiara Ampang, Permai Seri Apartment, ARTE Plus (SOHO), 325 Persiaran Ritchie, Dataran Ukay, Desa Ukay, M City (Retail), M City (Services Apartment), Ampang Point. Parents do not need to be concerned as well as educational institutions are comparatively close to, such as International School of Kuala Lumpur Secondary.Astoria Ampang can be accessible via public transport such as Stesen Putra Lrt Dato' Keramat (kj31), Stesen Putra Lrt Setiawangsa (kj33) and Stesen Putra Lrt Jelatek (kj32).

https://www.facebook.com/photo.php?fbid=1698498697044540&set=pcb.1698498970377846&type=1&theater

Situated just off Jalan Ampang , Astoria is located at a nexus of road and rail connections. With the vitality and variety around it, Astoria is quite simply the place to be.
Connections
• The Ampang-KL Elevated Highway ( AKLEH)
• The Middle Ring Road 2 (MRR2)
• Jalan Tun Razak
• SMART Expressway
• Maju Expressway (MEX) or KL-Putrjaya Highway
• DUKE Highway

Please check detail information in http://www.astoria-ampang.com.my/

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2015-07-27 10:45 | Report Abuse

L&G to launch Seremban project, expand landbank

Land & General Bhd (L&G) sees its property division as a major profit contributor, with ongoing projects valued at over RM5 billion and a new Seremban project to launch soon.

The ongoing developments include 8trium, a commercial development in Bandar Sri Damansara with a gross development value (GDV) of RM700 million; The Elements, a RM100 million serviced apartments in Ampang; and the Damansara Foresta condominium in Bandar Sri Damansara worth RM700 million, said Low Gay Teck, Managing Director at L&G.

"We also plan to kick-start a gated residential housing project in Seremban in the fourth quarter of this year," said Low.

In addition, he said that L&G is planning to increase its landbank in prime locations in the Selangor, Klang Valley and Johor.

"We are also trying to venture north to Penang as the property prices at these places are good," he said at a briefing on its high-rise condominium project, Damansara Foresta in Bandar Sri Damansara.

While not divulging the current size of its landbank, Low noted finding ideal land is a challenge for L & G.

Of the 928 units, 50 percent was already sold at the Damansara Foresta freehold condominium while 87-89 percent of the 8trium has been sold as of now.

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2015-07-24 09:23 | Report Abuse

Thursday, 17 July 2014
JKG LAND (Keladi Maju) : From Kulim To KL
In early July 2014, Keladi Maju announced that it has entered into an SPA to acquire 9 parcels of land in Mukim Batu, Kuala Lumpur from Goh Ban Huat (GBH) for RM192.4mil.

The 13.93 acres of land in Segambut consists of 6 parcels of freehold and 3 parcels of leasehold land. GBH's office, factories and warehouses currently sit on the land.

The purchase price should be about RM317 per sq ft.
GBH is another listed company which mainly involves in ceramic products manufacturing and trading.Both GBH and Keladi have similar major shareholder & chairman which is Tan Sri Dato Tan Hua Choon. The purpose of the land sale by GBH is to partly fund its reversed takeover of Dynac to venture into Oil & Gas sector.As Keladi is mainly a property developer which has development projects only in Kulim, Kedah, the injection of land in the country's property hotspot is definitely very positive for the group.However, Keladi can't develop the acquired land in the near future, as it houses GBH's current operating facilities. Keladi has entered into a tenancy agreement with GBH to lease back the land & buildings to GBH at a rental of RM350,000 per month. The tenure is 2+1 years.

So it will be RM4.2mil pre-tax rental profit for Keladi. This is equivalent to 14% of its previous FY's PBT which seems not bad indeed.
But, its FY14's interest income of RM4.1mil will be reduced substantially for sure, and it has to start to serve the loan interest afterwards.

It's likely that GBH will retreat from its ceramic business gradually and concentrate on its O&G venture.

As for Keladi, it has approximately 1,400 acres of land in Kulim district, where 667 acres of them is currently planted with oil palms. At the end of April 2014, Keladi's net assets per share stands at 35sen. Most of the lands are not revalued since 1990s.
Development
Mukim Acres Last Valued
Padang Cina 515 1996
Naga Lilit 102 1999
Sg Ular 18.36 2001
Padang Meha 65 1994
Sg Seluang 23.25 2006
Sg Seluang 9 2006
Lunas 13.6 2010
Plantation
Naga Lilit 667 1999

Keladi recent projects are Taman Lagenda near Padang Serai and Taman Kulim Square Indah near Kulim town. As at 31 Jan 2014, it has sold a total of 3,825 units of properties from these 2 projects, with nearly 100% take-up rate.

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2015-07-23 21:46 | Report Abuse

Friday June 13, 2014 9:23:00 AM
Public Invest Research: MK Land plans RM1b projects

KUALA LUMPUR: Public Invest Research said MK Land plans to launch a few projects in Damansara Damai and Damansara Perdana in Selangor with combined gross development value (GDV) of more than RM1bil.

It said on Friday that MK Land’s management revealed the group was still working on launching a few projects in the two areas.

MK Land’s unbilled sales remained at RM300mil.
“We understand that the land sale of its 9.6 acres land in Damansara Perdana dated April 2013 will be recognised in 4QFY14.

Public Invest Research said MK Land was targeting to complete the structures by end-2014, and expecting liquidated and ascertained damages (LAD) in the tune of RM20mil, which will be recognized in the next few quarters.

“Maintain Outperform and target price of 80 sen or 50% discount of its RNAV estimate of RM1.67 (from RM1.56 after updating the balance sheet items and recent land disposal),” said the research house.

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2015-07-22 20:47 | Report Abuse

Why MKLAND is worth to keep in your BUY list?

Total land they have about 5000 acres in whole Malaysia, this is not including office suite, Bukit Merah Themepark & hotel, service apartment, Bukit Jana Gold Club in Taiping and shop lots. If you try to add up all the land and property they have, total is about 5806 acres. Wow!! Read Carefully is about 5806 acres. If they not interested to develop some of the land, they might just sell it with good price!!!

See what we have from the MKLAND group CEO office Lau Shu Chuan
MK Land's developments have a revised net asset value of some RM2, and this is a huge discount to its share price of approximately 38 sen. MK Land currently has some 2,023ha with a book value of RM1billion (RM1000 Million) and most of the land is according to previous purchased price. This is the value before development, after develop how much it will be?? Great Deal!!!

“We are close to selling some of our land. We have identified the land for sale in Perak, in Damansara Damai and another plot of land in the Klang Valley.“From the proceeds, we will use some for debt and some for working capital. From there, we can also increase dividends to our shareholders,” said said group chief executive officer Lau Shu Chuan.
As of 31March, 2015, MK Land had total borrowings (long term & short term debt) of RM76.587mil. It has cash and cash equivalents of RM170.32mil.

MK Land currently has some 2,023ha with a book value of RM1bil, with some 1,214ha of that in Perak.

Currently, MK Land still has some 101ha of undeveloped land in its flagship Damansara Perdana, where it plans to develop condominium villas, commercial developments and bungalow lots.MK Land's developments have a revised net asset value of some RM2, and this is a huge discount to its share price of approximately 38 sen.

“It is more of a reputational issue we suffer from. We have been in the black and recording growth in the last few years. All our launches are completed ahead of schedule. In fact all our legacy issues have been resolved,” Lau said.

Back in 2008, MK Land was facing one of its most challenging periods. It was during that financial period that it posted its first-ever net loss of RM60.9mil.The company suffered from serious cashflow problems and was not able to service its bonds on time. Work on its projects also came to a halt. While the company has since cleaned up and posted profits every year since 2008, the issues of the past still persist.

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2015-07-21 21:19 | Report Abuse

L&G Acquires 10 Parcels Of Land For RM25 Million

KUALA LUMPUR, Dec 22 (Bernama) -- Property developer, Land & General Bhd (L&G) via its unit Bright Term Sdn Bhd (BTSB), is acquiring 10 parcels of land from Seremban Gold Resort Bhd for RM25 million, cash.

L&G said the properties would provide an opportunity for the group to expand and complement its existing business of residential and commercial property development, said the company in a filing to Bursa Malaysia today.

"It will also serve as an opportunity for the group to venture and penetrate into the development activities in the vicinity of Senawang and Seremban in Negeri Sembilan," it said.

The 10 parcels of land comes with a 27-hole golf course with a club house and other supporting facilities, five parcels of vacant residential development land, forty-four parcels of vacant bungalow plots, a single-storey bungalow house and a parcel of industrial plot designated for Tenaga Nasional Bhd sub-station located within the Tuanku Jaafar Golf and Country Resort.

The group intends to develop the properties into an upscale high-quality residential development with a modern tropical concept which would include bungalow lots, double-storey cluster semi-detached houses, link cluster houses and apartments.

The estimated gross development value of the proposed development is RM555 million with an estimated gross development cost of RM419.54 million and estimated gross development profit of RM135.52 million.

The proposed development will be financed through internally generated funds and borrowings.

The group is finalising the master plan for the proposed development, construction on which is expected to commence in 2011/2012, and is scheduled to be completed in 2018.

L&G said the proposed development was expected to enhance its future revenue stream which in turn was anticipated to contribute positively to the group's financial performance in the future.

"The board is of the view that the proposed acquisition provides an excellent and timely opportunity for the efficient deployment of the group's surplus financial resources in order to achieve a better return for shareholders in the long-term," said the company.

-- BERNAMA

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Stock: [KBUNAI]: KARAMBUNAI CORP BHD

2015-07-21 14:48 | Report Abuse

MK Land - JV To Develop 11.8-acre Land
Date: 04/02/2015
Source : PUBLIC BANK
Stock : MKLAND
Price Target: 0.80 | Price Call: BUY
Last Price: 0.375 | Upside/Downside: +0.425 (113.33%)

________________________________________

MK Land signed a joint-venture agreement with Mammoth Empire Land SB (a wholly-owned subsidiary of Mammoth Empire Holding SB, the developer of Empire Damansara and Empire City) to develop a leasehold land measuring 11.8 acres. The land, we believe, is located within the Group's flagship development, Damansara Perdana. No change to our earnings estimates pending more clarifications from the Management.

The land, which is made up of a few parcels of land, are said to be located in Mukim Sungai Buloh, Selangor. The land is currently vacant and the category of land use is residential. We understand that MK Land and the JV partner would change the land use into a mixed development. The JV partner will be responsible for approvals, sales and marketing, construction and development works, among other things.

The development period is expected to be six years.
Land cost of RM82.1m, RM160 psf is 39% higher than the RM115 psf that Mammoth Empire paid for 48.7 acres back in 2010 but was lower than the similar land deal that was transacted at RM200psf (9.6 acres) in April 2013. That said, MK Land could potentially receive higher land price as it is entitled to 22% of the gross development value or minimum of RM82.1m.

Maintain Outperform and TP of RM0.80 or 50% discount of our RNAV estimate. The next catalyst in our view will come from launching more projects, especially at their crown jewel, Damansara Perdana to maximize returns from the Group's prime landbank. The latest land deal is expected to strengthen the balance sheet further, and hence potentially more cash dividends for shareholders.

Source: PublicInvest Research - 4 Feb 2015

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2015-07-21 10:59 | Report Abuse

Karambunai-RM0.06 (waiting for perfect timing to SHINE, under visionary businessman)

Tan Sri Chen Lip Keong -He is the 24th richest man in Malaysia with US$750 mil in assets. Low profile businessman doesn’t wait for a deal to fall into his lap-he goes out and grabs what he sees as golden opportunities.

- Founder, Controlling Shareholder and Chief Executive Officer of Hong Kong-listed NagaCorp Ltd, the largest hotel, gaming and leisure operator in Cambodia.

Chen made his name in tourism, property and industry via his controlling stakes in Karambunai Corp Bhd (Kbunai), Petaling Tin Bhd and FACB Industries Incorporated Bhd, all listed on the Main Market of Bursa Malaysia.

In October 2013, the Group has completed a corporate exercise to put the Group into better financial footing. Under this exercise Kbunai issued 2.9 billions share valued as 11 sens a share to Dr. Chen Lip Keong, a director and a major shareholder, as settlement to debts amounting to RM 322 millions. Similarly 339 millions shares valued at 11 sens were issued to FACB to settle Rm 37.7 millions of debt.

After the exercise, Dr. Chen Lip Keong has a direct interest in 4.29 billions (74.27%) shares and an indirect interest in 339 millions (5.87%) shares via FACB. For sure Karambunai Corp Bhd is meant for some BIG PROJECT soon, the visionary founder will not accumulate so much stock (over 75%) just for fun. Of course the director will not tell you what is in his mind, but one thing for sure he is NOT MAD to buy kbunai share at 11sens a share at year 2013 (now only 6 sens a share).

Kbunai total liability to total equity ratio reduced significantly after this exercise, 2013 (2.04 ratio) reduced to 2015 (0.70). It strongly suggests that the founder of Kbunai has the initiative to improve the company performance by reducing debt in huge amount. Just imagine in one year plus total liability ratio improves to healthy level (2.04 to 0.72). One thing for sure, this is NOT PN17 company.

Kbunai closed the week at 6 sens, which is 45% lower than the 11 sens issued to Dr. Chen and FACB in October 2013. PN 17 companies director confirm will NOT BUY BACK OWN SHARES AT A MUCH HIGHER PRICE………….DUDE

Who is Tan Sri Chen Lip Keong?
“He is a very visionary businesmean and is always looking at ways to enhance his asset value,” says a source who has known Chen for years. Chen had foresight to enter Phnom Penh 20 years ago.

His attemps to list NagaCorp were initially rebuffed in Malaysia, Singapore and Hong Kong. “Chen has great determination and has gone through recessions and challenges. Imagine sitting for the same exam three times and failing to pass-you would be frustrated”, says the source commenting on the lengthy NagaCorp’s listing process.

NagaWorld, amazingly has 70-year licence running through 2065 that includes a 41-year monopoly status till 2035 within a 200km radius of Phnom Penh. IT is the only legalized casino to operate in the capital. NagaWorld has 172 tables and 1543 machines with 700 rooms. The company is building an extension, dubbed Naga2, that will make the property a truly integrated resort.

Naga2 is scheduled to open in 2017 and is expected to offer more than 1,000 hotel rooms and luxury suites, hundreds more gaming tables and machines as well as convention facilities, including a 4,000 seat theatre. Last year, NagaCorp posted net profit of US$136.1 mil on US$404.3 mil revenue. Revenue grew at a five-year compound annual growth rate of 21.85%.

For more detail story, please refer to the following link:

https://www.facebook.com/photo.php?fbid=1696109090616834&set=pcb.1696109270616816&type=1&theater22

https://www.facebook.com/photo.php?fbid=1696109137283496&set=pcb.1696109270616816&type=1&theater

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Stock: [KBUNAI]: KARAMBUNAI CORP BHD

2015-07-20 21:09 | Report Abuse

6769 JKGLAND JKG LAND BERHAD
1st & Final Dividend 2% Single Tier

Entitlement Details:
First and final dividend of 2% per ordinary share of RM0.10 each undersingle tier system

Entitlement Type: First & Final Dividend
Entitlement Date and Time: 09/07/2015 05:00 AM
Year Ending/Period Ending/Ended Date: 31/01/2016
EX Date: 07/07/2015
To SCANS Date:
Payment Date: 30/07/2015
Interest Payment Period:

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2015-07-20 16:49 | Report Abuse

Karambunai Corp Bhd (RM 0.06)

A leading tourism player in Sabah. Jewel in the crown is the 1,500 acres of land in Karambunai Peninsular which is in the process of being developed into a world-class eco-nature integrated resort.

Over in Peninsular Malaysia, the Group owns 1,363 acres of land in Dengkil, Selangor, which is being developed into a resort style mixed development known as Bukit Unggul Eco-Media City.

In October 2013, the Group has completed a corporate exercise to put the Group into better financial footing. Under this exercise Kbunai issued 2.9 billions share valued as 11 sens a share to Dr. Chen Lip Keong, a director and a major shareholder, as settlement to debts amounting to RM 322 millions. Similarly 339 millions shares valued at 11 sens were issued to FACB to settle Rm 37.7 millions of debt.

After the exercise, Dr. Chen Lip Keong has a direct interest in 4.29 billions (74.27%) shares and an indirect interest in 339 millions (5.87%) shares via FACB.

Kbunai closed the week at 6 sens, which is 45% lower than the 11 sens issued to Dr. Chen and FACB in October 2013.
From its latest annual report, the 1,500 acres of land at Karambunai Peninsular is valued at Rm18.70 psf. And its 1,363 acres of land at Dengkil Selangor is valued at only RM 2.76 psf.

Stock

Stock: [KBUNAI]: KARAMBUNAI CORP BHD

2015-07-20 16:47 | Report Abuse

Xiamen University M’sia campus targets student enrollment by 1Q16
By Meena Lakshana / theedgemarkets.com | July 9, 2015 : 5:16 PM MYT

PETALING JAYA (July 9): The Xiamen University Malaysia campus is slated to open its doors to students in the first quarter of next year.
Xiamen University professor of economics Wang Ruifang said today the construction for a portion of the campus’ Phase 1, which comprises student hostels and a temporary teaching site, is expected to be completed by end of April next year.

The entire Phase 1 of the campus, comprising a main building, four blocks for student activities, a stadium and an Olympic-size swimming pool, is slated for completion by end of September next year.

“We are working very hard to meet the target. With the help of various parties, we are sure we can make it happen,” he told reporters before a visit around the campus site under construction.

Wong said Phase 2 of the campus, comprising seven blocks dedicated to research, is a five-year plan that would depend on the market’s reaction to the first phase of the campus.

The Xiamen University Malaysia campus is the first Chinese university branch campus in Malaysia, as well as the first overseas campus set up by a Chinese university.

The Malaysian campus is situated on 150 acres of land in Dengkil, Sepang. The land was formerly owned by Sime Darby Bhd ( Financial Dashboard).

Wong said the total investment of the project is RM1.3 billion, with the first phase to cost RM600 million. He also said the university expects to enrol 5,000 students at the Malaysian campus by 2020.

He said the Malaysian campus of the university will be recruiting 30% of its teaching staff from the parent Xiamen University in China while other “high-grade” teachers will be recruited worldwide.

“They (teachers from parent Xiamen University) will have a distinguished education background from foreign countries, meaning they will be able to speak English fluently,” he said.

“We will also be inviting distinguished professors to deliver seminars here,” he added.
He also said an academic exchange programme centre will be built at the Malaysian campus, which will be able to accommodate more than 100 students.

He said the Xiamen University campus in China has agreed to hold exchange programmes with the Malaysian campus, whereby students for Malaysia will be able to study at the parent university in China for one or two semesters.
However, Wong said the programme is only applicable for courses that are taught in English.

He said tuition fees at the Malaysian campus will be about RM25,000 per annum, with hostel rent to range between RM300 to RM600 per month.

So far, the Malaysian Qualification Agency has approved subjects such as Chinese Studies, Journalism, International Business, Accounting, Traditional Chinese Medicine, Digital Media Technology and New Energy Science and Engineering to be taught at the Malaysian campus, while other subjects such as Finance and Marine Biotechnology are pending approval.

Please refer to the Karambunai Bukit Unggul Resort’s location map and total land owned by karambunai diagram in
https://www.facebook.com/photo.php?fbid=1693692360858507&set=pcb.1693692394191837&type=1&theater
https://www.facebook.com/photo.php?fbid=1693692357525174&set=pcb.1693692394191837&type=1&theater

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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2015-07-20 15:21 | Report Abuse

Keladi Maju to go high-end with RM1.5b project
By theedgeproperty.com | August 1, 2014 4:45 AM MYT

KUALA LUMPUR: Kedah-based property player Keladi Maju Bhd plans to build high-end properties on the 5.66ha prime land it is buying from Goh Ban Huat Bhd (GBH) in Mukim Batu, Segambut, confirming market talk that it will be making its maiden foray into the high-end residential market in its first venture in the Klang Valley.

Managing director Datuk Chuah Chin Ah said plans for the development are still in the very early stages, but affirmed that the land in Segambut carries a gross development value (GDV) of RM1.5 billion, and that Keladi Maju plans to undertake the project all by itself.

He was speaking to reporters after the group’s annual general meeting yesterday.

Keladi Maju, which is also a palm oil producer, has been in the limelight following its proposed acquisition of the GBH land for RM192.37 million. It made an announcement on this to Bursa Malaysia on July 2.

On July 24, its shares surged to a seven-year high of 42.5 sen on speculation that the company would venture into high-end properties. The counter closed 1.18% lower at 42 sen yesterday with 4.77 million shares changing hands, translating to a market capitalisation of RM318.5 million.

Asked if there would be more upcoming land deals, Chuah said: “We are always on the lookout for good land. If [it] comes with oil palm trees, then it will be better as it has recurring income from oil palm harvesting. There is no definitive term on the type of land that we are looking to acquire.”

The group’s chairman and non-independent non-executive director Tan Sri Tan Hua Choon said GBH is consolidating its assets but declined to reveal what GBH is planning to do next.

The transfer of land from GBH to Keladi Maju is part of an asset-unlocking exercise by Tan, who is a substantial shareholder in both firms.

GBH is paving the way for a reverse takeover (RTO) by Dynac Sdn Bhd to gain immediate access into the oil and gas industry. The deal would be partly financed by the proceeds gained from the sale of several pieces of land to Keladi Maju.

Apart from GBH and Keladi Maju, Tan also sits on the board of FCW Holdings Bhd, Marco Holdings Bhd and Jasa Kita Bhd.

Meanwhile, Chuah said Keladi Maju’s results for its second quarter ended July 31 (2QFY15) would be “comparable” with the previous corresponding quarter (2QFY14).

It raked in a net profit of RM6.36 million in 2QFY14, a drop of 5.44% from RM6.73 million a year earlier. Revenue dropped 37.31% to RM17.38 million from RM27.7 million a year ago.
In a result note dated Sept 17, 2013, it said the decline in performance was mainly due to lower income recognition from property development and lower revenue from the sales of fresh fruit bunches.
Its estimated revenue of RM58 million for FY15 is expected to be similar to what it made in FY14, said Chuah.

“We expect good take-up rates for our launches this year. We are very confident because most of our products are sold out. We will not be slowing down on our launches,” he added.

The estimated GDV of the group’s new launches for FY15 is about RM58 million. Chua said the group has launched projects worth some RM15 million to date; the remaining RM43 million will be launched in the near future.

That includes its new developments in Taman Desa Cinta Sayang and Taman Puteri in Kedah.

Taman Desa Cinta Sayang will have 455 single-storey medium-cost terrace houses, 152 shop houses, and a petrol station.
Taman Puteri, with GDV of RM240 million, comprises 1,585 residential and commercial properties.

Keladi Maju currently owns 1,182 acres of estate land, 133 acres of vacant land and 167 acres of land under development.

This article first appeared in The Edge Financial Daily, on August 1, 2014.

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2015-07-20 10:36 | Report Abuse

一向以来都以发展吉打州产业为主的发展上裕隆发展 (Keladi Maju Berhad) 近日宣布收购吴万发集团位于吉隆坡泗岩末(Segambut) 地区的工厂，用来作为重新发展用途，正式进军吉隆坡产业发展界。以下分享相关资料：

成交产业：9 亩发展地段，地段以上建有工厂建筑物( Lot 2984, 2983, 4597, 3680, 1470, 38755, 46260, 46261, 46262， All within Mukim of Batu, District of Kuala Lumpur, State of Wilayah Persekutuan)
地址：No. 238, Jalan Segambut, 51200 Kuala Lumpur.
地点：此产业位于吉隆坡市的泗岩末地区，这里聚集了一班工业生产业者。是吉隆坡早期的工业区之一。这里有许多汽车的展示厅同时也聚集了许多汽车零件业者到此设立营业中心。其中包括宝马 (BWM)，丰田 (Toyota)，本田 (Honda), 日产汽车 (Nissan) 等。产业面向泗岩末路 (Jalan Segambut)，一条贯通古晋路 (Jalan Kuching) 以及怡保路 (Jalan Ipoh) 的主干公路。

土地用途：现阶段是用于工业用途，是吴万发集团的工业产品制造厂。
地契：
Lot 2984, 2983, 4597, 3680, 1470, 38755 （永久地契）
Lot 46260, 46261, 46262 （99 年有限期地契）
总面积：13.93 英亩 (13.93 acres)
交易价格：RM 192,369,465
每方尺价格：三百一十七令吉(RM317 per square foot)
交易日期：2 / 7 / 2014
卖方 (Vendor) ：吴万发集团 (GBH Group)
买方 (Purchaser) ：裕隆发展 (Keladi Maju Berhad)
备注：由于此地点在吉隆坡市政厅的发展蓝图下被圈定位拥有商业发展潜能的工业地段，因此预测裕隆发展将会把此地段发展成为一个综合性产业计划。由于目前正在产业规划的阶段，因此发展总价值暂时不详。

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2015-07-17 22:48 | Report Abuse

MK Land Bhd

Public investResearch
TARGET PRICE : 80 SEN

MK Land delivered a decent performance in Q3FY15,
after registering a net profit of RM15.7 mil (0% year-on-
year [yoy], +18.9 quarter-on-quarter [qoq]). The earnings
were again driven by property sales from its flagship
development, Damansara Perdana, and its project in
Meru, Perak. To recap, MK Land is expected to launch a
project in Damansara Perdana this year to replenish the
waning unbilled sales, which are now at RM300 mil, due
to the lack of launches and slow sales of existing project,
ie Rafflesia. The project to be unveiled is said to have a
gross development value (GDV) in excess of RM200 mil
(average selling prices: RM700 psf).

No indication yet is given as for the timing of the
launch due to the difficult trading environment currently.
The group has also planned to unveil a 2.8ha develop-
ment in Damansara Damai and a 6.8ha development
(three phases, RM500 mil [current] GDV) in Damansara
Perdana in the near term. Maintain buy and a target
price of 80 sen. The new catalyst in our view will come
from launching more projects, especially at Damansara
Perdana to maximise returns from its prime landbank.

SOURCE : FOCUS

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2015-07-17 22:47 | Report Abuse

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