AGM tomorrow and 1st quarter results out by this month. Pessimism may be overdone. Share price on way up or down quite often overshoot.

Practise rule of law, cannot be overly pessimistic.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5783053

42,500 share bought on 2/5/2018

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5784253

440,400 shares bought on 3/5/2018

i believe he still is, look at Page 203, 28.5 million 5.91%

When must short sellers cover their positions?

Sale Price not mentioned :

The spokesperson said the sale was not reported to Bursa as the combined sale value was below the trigger point for announcement.

PETALING JAYA: Loss-making but asset-rich Malayan United Industries Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(MUI) has sold two of its hotels under the Corus brand in the UK, proceeds of which went for loan repayment and working capital.

In response to StarBiz queries a spokesperson from MUI confirmed that it has sold The Old Golf House Hotel in Outlane, West Yorkshire and The Imperial Crown hotel in Halifax.

“We confirm that Corus Hotels Ltd, a subsidiary of MUI, has sold the 52-room Old Golf House Hotel in Huddersfield, and the 40-room Imperial Crown Hotel in Halifax. “The sale was completed in the first quarter of this year.”

The sale of the hotels for an undisclosed sum went largely unnoticed locally and was first reported by UK press late last year

The spokesperson said the sale was not reported to Bursa as the combined sale value was below the trigger point for announcement.

Whether the sale could lead to more divestments, the spokesperson said that among its hotel properties in the UK, those two were identified as non-core.

“Proceeds from the sale were used for loan repayment and working capital by the hotel group.

“However, hotels will remain as a core business activity for the group,” he added.

MUI had bought the two properties 17 years ago and in its 2017 annual report they carried a net book value (NBV) of RM14.42mil.

Going by this, it would have made a made a tidy return from the disposals, reckon industry observers.

Despite owning a plethora of good assets, MUI has been loss-making.

In the recent second quarter ended Dec 31, 2017, it made a net loss of RM8.70mil versus RM22.02mil recorded in the same period a year ago.

Total borrowings as at that period stood at RM883.46mil, while cash was at RM188.07mil.

For FY ended June 30, 2017, it recorded losses amounting to RM131.7mil on the back of RM415.1mil revenue.

The flagship of one-time corporate high-flyer Tan Sri Khoo Kay Peng, MUI has investments in various businesses including retail, hotels, food and property.

Among its crown jewels, London-listed Laura Ashley Holdings plc which Khoo controls just under 50% of, is one of MUI’s most prized assets.

Under its hotel division, MUI owns and operates a string of hotels in the UK and two hotels in Malaysia under the Corus brands.

The Old Golf House Hotel in Outlane, was bought in 2001 and had a net book value (NBV) of RM8.27mil in MUI’s 2017 annual report.

The Imperial Crown Hotel at Halifax meanwhile had a net book value of RM6.15mil.

The group’s flagship hotel in the UK is known as the Corus Hotel Hyde.

This hotel sits on 21,640 sq ft of freehold land and carries a current net book value (NBV) of only RM257.5mil.

It is unclear when this piece of land was last revalued.

Locally, MUI’s Corus Hotel in Jalan Ampang is situated opposite the Petronas Twin Towers and carried a NBV of RM54,50mil in its books.

From the beginning of this year, Kay Peng relinquished his role of chief executive officer at MUI to his son Andrew Khoo Boo Yeow as part of a succession plan.

The tycoon remains the group’s executive chairman.

At the time of writing, MUI's share price was down half a sen or 2.78% to 17.5 sen apiece.


Read more at https://www.thestar.com.my/business/business-news/2018/04/18/mui-disposes-of-two-hotels/#fwY7hiEu1JeSLcao.99

This announcement is dated 10 April 2018.

We refer to our announcements on 20 November 2015, 24 November 2015, 26 November 2015, 18 November 2016, 13 July 2017, 18 July 2017 and 8 February 2018 in relation to the implementation of an integrated and comprehensive core immigration system known as ‘Sistem Kawalan Imigresen Nasional’ (“SKIN”).

On 18 July 2017, PRESBHD announced that Prestariang SKIN Sdn Bhd (“PSKIN”), a wholly-owned subsidiary of Prestariang Services Sdn. Bhd, which in turn is a subsidiary of PRESBHD, had entered into a concession agreement (“CA”) with the Government of Malaysia as represented by the Ministry of Home Affairs in relation to the implementation of SKIN.

PRESBHD wish to announce that PSKIN has received a letter from the Ministry of Home Affairs today, which confirms that PSKIN has fulfilled all the conditions precedent in the CA, and accordingly declares 11 April 2018 as the effective date of the CA (“Effective Date”).

As previously announced, the concession shall be for a period of 15 years commencing from the Effective Date or the date of commencement of the development works, whichever is later and expires on the 15th anniversary of that date, as may be extended or earlier determined in accordance with the terms of the CA

Wonder whether it is margin call?

oasischeah, care to share the reason why it will go down to 1.19?

Responsible analysts should check with management whether any negative news impacting the price. Should not stay silent.

09/03/2018 1.53 2.20 +0.67 (43.79%) BUY AMMB
28/02/2018 1.71 2.45 +0.74 (43.27%) BUY BIMB
30/01/2018 1.78 1.85 +0.07 (3.93%) BUY PUBLIC BANK
30/01/2018 1.78 2.08 +0.30 (16.85%) BUY AMMB
24/11/2017 1.23 1.85 +0.62 (50.41%) BUY PUBLIC BANK
09/10/2017 1.74 2.08 +0.34 (19.54%) BUY AMMB

What happened to all the valuation by research houses? Why the sell down?

Not EPF, it is KWAP. Price up or down, KWAP have been disposing consistently.

Directors buying - see No 7, 10 & 24
Brahmal Vasudevan also buying - see No 6


05 Feb 2018 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
2 22 Jan 2018 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
3 05 Jan 2018 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
4 04 Jan 2018 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
5 14 Dec 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

6 27 Nov 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR BRAHMAL VASUDEVAN

7 21 Nov 2017 PRESTARIANG BERHAD Changes in Director's Interest (Section 219 of CA 2016) - MR CHAN WAN SIEW

8 20 Nov 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
9 20 Nov 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

10 16 Nov 2017 PRESTARIANG BERHAD Changes in Director's Interest (Section 219 of CA 2016) - DATO' MOHAMED YUNUS RAMLI BIN ABBAS

11 15 Nov 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - AIA GROUP LIMITED
12 15 Nov 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - AIA COMPANY LIMITED
13 13 Nov 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - PREMIUM POLICY BERHAD (IN MEMBERS' VOLUNTARY LIQUIDATION)
14 13 Nov 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - PREMIUM POLICY BERHAD (IN MEMBERS' VOLUNTARY LIQUIDATION)
15 10 Nov 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - ORANGE POLICY SDN BHD
16 10 Nov 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - AIA BHD.
17 01 Nov 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
18 31 Oct 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
19 31 Oct 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - AIA GROUP LIMITED
20 30 Oct 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - AIA COMPANY LIMITED
21 30 Oct 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - ORANGE POLICY SDN BHD
22 30 Oct 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - AIA BHD.
23 21 Sep 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

24 25 Aug 2017 PRESTARIANG BERHAD Changes in Director's Interest (Section 219 of CA 2016) - DATO' MAZNAH BINTI ABDUL JALIL

25 25 Aug 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

26 17 Aug 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR BRAHMAL VASUDEVAN

27 15 Aug 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR BRAHMAL VASUDEVAN
28 03 Aug 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
29 31 Jul 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
30 26 Jul 2017 PRESTARIANG BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

“To enhance better value recognition and vibrancy in this segment of the stock market as well as to encourage investor participation, I am announcing that stamp duty on shares of mid and small-cap companies traded on Bursa Malaysia will be waived, effective March 2018 for a period of over three years,” he said.

No further elaboration yet. Is it waiver of stamp duty for trading in small-mid cap stocks?

How will this impact the market?

http://www.theedgemarkets.com/article/najib-new-investors-msia-capital-markets-receive-6mth-waiver-trading-clearing-fees


http://www.theedgemarkets.com/article/pm-najib-bursa-mid-small-cap-co-shares-stamp-duty-be-waived

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5679245

Company just announced additional contract from MOF of 222.6 million.

Company declares dividend 4x a year based on past years. How much div is expected next month?

Cheap sale : ) Final quarter results if were to follow 3rd quarter in recognising SKIN's work done should be good.

EPF sold last Friday, 5 January.

Buying MRCB-WB with a lifespan of 10 years and conversion of RM 1.25 almost have the same benefits as the mother share, except no voting rights and dividends. In fact, with a bullish outlook, the percentage of return will be greater.

Chill camel, most property stocks suffer drop in revenue and profit, at least big improvement from preceding quarter. Hopefully, on the road to recovery. Stay rationale.

Time to buySAPNRG?

http://rhb.ap.bdvision.ipreo.com/NSightWeb_v2.00/Handlers/Document.ashx?i=c61c042263424f378da592f0e4b41c64

RHB Research :

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=9&cad=rja&uact=8&ved=0ahUKEwjI-96ZxbHYAhXFL48KHcf9B-QQFgheMAg&url=https%3A%2F%2Fwww.thestar.com.my%2Fbusiness%2Fbusiness-news%2F2017%2F10%2F20%2Fprestariang-outlook-improved-by-new-initiatives%2F&usg=AOvVaw1bs9HglzlugIyKAheK-Cun

Warrant WA is maturing 16/9/2018. Conversion at RM 2.30 whereas WB's conversion is at RM 1.25.

Sorry, you are right MRCB warrant WB.

Just found out that MRCB-Wa has maturity date of 10 years, 29 October 2027!

Is it panic selling, herd instinct?

PublicInvest TP 1.69 !

When will value be unlocked?Nothing mentioned in the quarterly report on the UK hotels?

Did a bit more reading : PublicInvest PRESTARIANG - SKIN Concession Agreement Sealed

Steady recurring income to the Group. To recap, the RM3.5bn contract will come in the form of a 15-year concession, 3 years of build and deployment, and 12 years of maintenance and technical operation phases. The contract value is inclusive of all costs incurred during the entire 15 years. Prestariang will receive an annual fee of RM295m from the government for a period of 12 years (4th year onwards) upon completion. Assuming a 20%-38% profit margin, the SKIN project could generate at least RM59m-112m additional cash flows per year, a big jump from current levels.

That means first 3 years' cost recoverable from 4th year onwards at 295m per year.

But how do they recognise quarterly profit? If you go by latest quarter's announcement which they attributed the increase to SKIN:

Revenue increased by 48.5m and PBT by 8.5m ie 17.5% return.

They said revenue recognised in accordance with IC12 - Service Concession Agreement.

Any way to review this Agreement?

Positive earnings?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5262777

Note 7 of the Announcement

Payment to Prestariang shall only commence upon full commissioning of the system (after 3 years), with an average annual payment of RM294.7 million from year 4 to year 15 during the maintenance and technical operation phase.

That means a total payment of RM 3.5364 billion!!!

How does company recognise earnings on a quarterly basis? This quarter already announced first contribution from SKIN.

Brahmal is actually averaging down considering his earlier price was much higher than current price.

What is the upside and story?

Something brewing, with unusual high volume for a few days?

What about the company's liability, need to pare down borrowings before any distribution, should they sell the hotel?

Overbought ?and wait to correct ? Or average up ?

https://www.facebook.com/versis.bcb/photos/pcb.1740613629581380/1740613569581386/?type=3

https://www.facebook.com/versis.bcb/?hc_ref=ARSzVEURjwieqvP8n9ivTDyVNfKFnDyGO1sEuX8-mSBEofWfhY184p0Ai_o6kO8cOQo

As expected poor results , but provision of bad debts of 4 million loss at U Mall was unexpected .

14/06/2017 08:02

mahorse : From the information gathered., last quarter ending this month will still be quiet with the completion of 1st phase Home Tree and Concerto .

But exciting FY 18 with numerous launches at Home Tree 2nd phase , semi-Ds and bungalows , Home Tree 4th phase shop lots , Versis Medini Johore shop lots , Versis Batu Pahat shop lots , numerous linked houses in Batu Pahat and Elysia Park Residence small units condominiums Block 1,2 and 3.

FY 30 June 2018 should be an exciting year.

Official launch date is Sunday , 27 August 2017 : 99 3-storey bungalows and 166 3-storey semi-Ds .

Construction / Propertty sifus , kindly input and fill the blanks :

GDV, per BCB is RM 650 million
Construction cost , per Kerjaya Prospek is RM 207 million
Land cost , for 49 acres , per 2016 Annual Report at RM 28.49 psf is RM 61 million
Land scaping cost ?
Other infrastructure cost ?
Sales and marketing cost ?
Interest cost ?
Net before these cost is RM 382 million ? How much is net profit ???!!!

Staggering amount ?

Any potential for government related contracts ? What are the potential ? Possible MyEg in the making ?

Can't open this :

http://www.insage.com.my/ir/cmn/news2xchng_view.aspx?FileName=854179&ContentType

Try this :

http://www.bursamalaysia.com/market/listed-companies/company-announcements/804673

Came across another cheap buy : At RM 2.56 psf : 370 acres at RM 41.1 million in 2009

BCB is developing this as Bandar Putera Indah now : From FY 2016 AR

a) Bandar Putera Indah ( added another 20 acres later years ? )

This 390 acres township is an upcoming
satellite suburb of Batu Pahat. The proposed
high speed rail linking Kuala Lumpur to
Singapore is expected to have a station
nearby thereby increasing the township’s
appeal. Double storey terrace houses are
reasonably priced below RM500,000 per
unit.
Total GDV is about RM1.1 billion. To-date
about RM260 million worth of properties
have been sold.

http://www.insage.com.my/ir/cmn/news2xchng_view.aspx?FileName=854179&ContentType=1

Pattern repeated too many times , people get weary.

Son on auto pilot . Mother has a lot more interest .