Someone who kutuk me will regret. They will bow to me when ths ctr stars to run. Better mark my word!!!

June profit 0.8 mil

Home 30 Aug 2014
Local World Business Sports
AHB aims to be the biggest in five years
Posted on 12 August 2014 - 05:37am
Lee Weng Khuen
sunbiz@thesundaily.com


Yong fielding questions from the press while Dr Folk Jee Yoong, Director of AHB Holdings Bhd looks on. NORMAN HIU/ theSun
KUALA LUMPUR: AHB Holdings Bhd, which is expected to exit its Practice Note 1 (PN1) status by next month, targets to be the largest premium office furniture player in Malaysia in five years' time.

"The (premium office furniture) market has at least five players, we want a significant part among the five (players)…Malaysia is leading exporter of the office furniture market, (so) we don't look at the local market alone, but it's a nice market to look at," CEO-cum-managing director Yong Yoke Keong told a media briefing here yesterday.

He projects that the size of the premium office furniture industry could be worth RM200 million annually.

AHB, which is looking at growing its presence in India by setting up a representative office, has more than 25 export markets in different regions, making up about 85% of its total revenue.

The group triggered the PN1 criteria in August 2013 when it defaulted on a RM3 million payment.

It is due to settle this amount by the RM21 million it hopes to raise through a rights issue which was approved by shareholders last month.

"We have learnt our lesson and tend to keep our balance sheet very strong," he said, adding that the firm will hold a net cash of RM5 million to RM10 million after cleaning up its debts.

Operation-wise, the office furniture firm has started making profits in the current financial year, posting a net profit of RM605,000 for the nine-month ended March 31, 2014, a 20-fold jump from the RM30,000 it made for the same period the year before.

It made a net loss of RM8.86 million for the financial year ended June 30, 2013.

It is also notable that AHB still had accumulated losses of RM29.94 million as of March 31, 2014, but he said the issue will only be addressed at a later time.

Yong also said that the firm is on the lookout for acquisition opportunities, whereby it is already in talks with its foreign counterparts especially in Southeast Asia, but stressed that any acquisitions must be synergistic and generate high profits.

"The market is fragmented…We're always thinking (about) how to consolidate the market…but it's too early to make any statement on it, it's just a preliminary (talk), this acquisition will not be within this near future," Yong said.

Datuk Tiong Kwing Hee, the largest shareholder of AHB, through Dexx Technologies Sdn Bhd, holds a 19.43% stake, while Yong has 14.47% equity interest.

AHB also expects to build a furniture plant in Port Klang area next year to cater to the growing demand in the office furnish industry, besides having an assembly and quality control plant in Seri Kembangan at the moment.


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Ahb guys

Their financial yr ended june 2014 is 0.8 mil

Home 30 Aug 2014
Local World Business Sports
AHB aims to be the biggest in five years
Posted on 12 August 2014 - 05:37am
Lee Weng Khuen
sunbiz@thesundaily.com


Yong fielding questions from the press while Dr Folk Jee Yoong, Director of AHB Holdings Bhd looks on. NORMAN HIU/ theSun
KUALA LUMPUR: AHB Holdings Bhd, which is expected to exit its Practice Note 1 (PN1) status by next month, targets to be the largest premium office furniture player in Malaysia in five years' time.

"The (premium office furniture) market has at least five players, we want a significant part among the five (players)…Malaysia is leading exporter of the office furniture market, (so) we don't look at the local market alone, but it's a nice market to look at," CEO-cum-managing director Yong Yoke Keong told a media briefing here yesterday.

He projects that the size of the premium office furniture industry could be worth RM200 million annually.

AHB, which is looking at growing its presence in India by setting up a representative office, has more than 25 export markets in different regions, making up about 85% of its total revenue.

The group triggered the PN1 criteria in August 2013 when it defaulted on a RM3 million payment.

It is due to settle this amount by the RM21 million it hopes to raise through a rights issue which was approved by shareholders last month.

"We have learnt our lesson and tend to keep our balance sheet very strong," he said, adding that the firm will hold a net cash of RM5 million to RM10 million after cleaning up its debts.

Operation-wise, the office furniture firm has started making profits in the current financial year, posting a net profit of RM605,000 for the nine-month ended March 31, 2014, a 20-fold jump from the RM30,000 it made for the same period the year before.

It made a net loss of RM8.86 million for the financial year ended June 30, 2013.

It is also notable that AHB still had accumulated losses of RM29.94 million as of March 31, 2014, but he said the issue will only be addressed at a later time.

Yong also said that the firm is on the lookout for acquisition opportunities, whereby it is already in talks with its foreign counterparts especially in Southeast Asia, but stressed that any acquisitions must be synergistic and generate high profits.

"The market is fragmented…We're always thinking (about) how to consolidate the market…but it's too early to make any statement on it, it's just a preliminary (talk), this acquisition will not be within this near future," Yong said.

Datuk Tiong Kwing Hee, the largest shareholder of AHB, through Dexx Technologies Sdn Bhd, holds a 19.43% stake, while Yong has 14.47% equity interest.

AHB also expects to build a furniture plant in Port Klang area next year to cater to the growing demand in the office furnish industry, besides having an assembly and quality control plant in Seri Kembangan at the moment.


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Too high already. Look intk ahb also

Home 30 Aug 2014
Local World Business Sports
AHB aims to be the biggest in five years
Posted on 12 August 2014 - 05:37am
Lee Weng Khuen
sunbiz@thesundaily.com


Yong fielding questions from the press while Dr Folk Jee Yoong, Director of AHB Holdings Bhd looks on. NORMAN HIU/ theSun
KUALA LUMPUR: AHB Holdings Bhd, which is expected to exit its Practice Note 1 (PN1) status by next month, targets to be the largest premium office furniture player in Malaysia in five years' time.

"The (premium office furniture) market has at least five players, we want a significant part among the five (players)…Malaysia is leading exporter of the office furniture market, (so) we don't look at the local market alone, but it's a nice market to look at," CEO-cum-managing director Yong Yoke Keong told a media briefing here yesterday.

He projects that the size of the premium office furniture industry could be worth RM200 million annually.

AHB, which is looking at growing its presence in India by setting up a representative office, has more than 25 export markets in different regions, making up about 85% of its total revenue.

The group triggered the PN1 criteria in August 2013 when it defaulted on a RM3 million payment.

It is due to settle this amount by the RM21 million it hopes to raise through a rights issue which was approved by shareholders last month.

"We have learnt our lesson and tend to keep our balance sheet very strong," he said, adding that the firm will hold a net cash of RM5 million to RM10 million after cleaning up its debts.

Operation-wise, the office furniture firm has started making profits in the current financial year, posting a net profit of RM605,000 for the nine-month ended March 31, 2014, a 20-fold jump from the RM30,000 it made for the same period the year before.

It made a net loss of RM8.86 million for the financial year ended June 30, 2013.

It is also notable that AHB still had accumulated losses of RM29.94 million as of March 31, 2014, but he said the issue will only be addressed at a later time.

Yong also said that the firm is on the lookout for acquisition opportunities, whereby it is already in talks with its foreign counterparts especially in Southeast Asia, but stressed that any acquisitions must be synergistic and generate high profits.

"The market is fragmented…We're always thinking (about) how to consolidate the market…but it's too early to make any statement on it, it's just a preliminary (talk), this acquisition will not be within this near future," Yong said.

Datuk Tiong Kwing Hee, the largest shareholder of AHB, through Dexx Technologies Sdn Bhd, holds a 19.43% stake, while Yong has 14.47% equity interest.

AHB also expects to build a furniture plant in Port Klang area next year to cater to the growing demand in the office furnish industry, besides having an assembly and quality control plant in Seri Kembangan at the moment.


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I always follow Ayam Tua... From zelan to eah to glotec to ahb.. All naik..

TP: 0.30

But it's still profit..

0.8 million? So sikit meh? Meaning their profit is only rm 800,000?! Is it rm 0.8 billion instead? Pls correct

yes, i agree with sang jero.. RI is a long way to go.. why panic? haiyak..

mana ada counter bukak on monday lol

Few things to ponder:-
1) After all, the company is still making profit and not losses - hence is a good sign
2) Sooner or later, the company will definitely exit the PN17 status - mark my word
3) The company only predicted that it may not achieve their targeted profit - but bear in your mind that it MAY achieve target.

it just a forecast that it might not reach the targeted profit. But IT'S JUST A FORECAST (IT MAY NOT OR IT MAY).. and the company is still making profit though.. not making losses LOL!!!

yes! I told u.. ths is the game.. the price is pushing up once again..

i agree with walala.. those panic and contra players will go away but if u look at the perspective of the company, in long term, it will give u awesome return

now buyers are chasing the lowest price and the amount is amounting.. is it a gd sign?

to share market players, this forum is to extend whatever available info and it's not a war field. just let the market plays. whatever price it might take, there are always buyers and sellers. why u hv to worry?

there u go.. noraini has spoken and I do trust her.. but sumatec will definitely exit PN17. that's for sure. sooner or later, it will definitely exit PN17. just be patience..

@anchovy.. biasa la.. rabbit lapar la..

Am afraid will be like glotev

Look at AHB

AHB the safest

AHB.. the safest..

why tak jln?