FD left with 1.85% per annum. Suria dividend >5%. Why selling? Still accumulating.

He was so dumb to buy at Rm 2.50, we are more dumb not to buy at Rm 0.49

The approved but not contracted for amounting to RM228.0 million represents the balance of
the total capital expenditures commitment of RM1.3 billion during the concession period of 30
years under the Ports Privatisation Agreement. The agreement will be expired at 2034 or 14 more years to go or each year committed fund is about Rm 16.3 millions. With the profit of about Rm50 to 60 million a year, there will be sufficient fund to pay for higher dividend or other investment in the future.

3.5.11 The concession period for the business of the Port Undertakings shall be a period of thirty (30) years commencing on the Takeover Date ending on the expiry of the term of the concession (“Concession Period”). SPSB shall notify the State and SPA if it intends to extend the concession for a further term of thirty (30) years and if there shall then be no subsisting breach of SPSB’s obligations, the concession may be extended upon terms to be mutually agreed at that time. An annual concession fee of RM3.1 million and annual licence fee of RM50,000 are payable in advance within the first month of each concession year.

3.5.12 SPA shall issue the licence to SPSB in which SPSB shall have the right to carry out the Port Undertakings throughout the Concession Period (“Licence”). The period of the licence shall be co-terminous with the Concession Period.

3.5.13 SPSB shall provide sufficient infrastructures and facilities to comply with the Licence and carry out and/or effect the capital expenditure works. The capital expenditure is estimated to cost RM1,363,000,000 over the Concession Period (“Capital Expenditure”). Nevertheless, the parties shall revise the Capital Expenditure to be incurred by SPSB every five (5) years (“Capital Expenditure Period”) based on a predetermined formula (“Revised Capital Expenditure”).

With reference to an article appearing in the Malaysian Reserve on 10 April 2018, Suria wishes to clarify that on 23 September 2016, Suria had announced that the Company intends to acquire approximately 28.9 acres of land located at Kota Kinabalu port in Sabah (KK Land) to develop an international cruise terminal and related reality in Kota Kinabalu and that Suria intends to raise funds to acquire the land via fund raising exercise. On 21 March 2018, Suria had further announced that the Company had accepted the Offer to Alienate the 28.9 acres by paying the sum of RM24,237,500 to the Lands and Surveys Department, Sabah being the 50% premium payable.

WARISAN HARTA SABAH + YAYASAN SABAH + CHIEF MINISTER SABAH = 50.7 % OF SHARE CAPITAL.

https://www.thestar.com.my/business/business-news/2020/04/25/eye-on-stock-suria-capital-holdings

Urusharta, very close to 5% share balance.

Much better than Fixed Deposit which expected to drop to 2% by year end.

Usually, final dividend is announced before end of April and pay at month of July. Hope this year is no change as schedule.

Urusharta may has left with 20000 lots to dump. About 93% of selling was dumped by Urusharta.
2019, Suria profit was 15.1 cents and dividend policy of minimum 35% of 15.1 cents was 5.29 cents less 2.5 cents paid at interim, so very soon Suria will declare 3.0 to 3.5 cents dividend soon.

Jesselton Quary project worth 1.8 billion was proposed on 2013 and One Jesselton Waterfront worth 1.1 billion was proposed on 2015. Both value were fixed at 5 to 7 years ago.

The spurt of economic growth in the Sabah State has transformed Kota Kinabalu into a thriving
hub of activities (GDP has risen by CAGR of 8.1% from 2015-2018). The average land prices
in the area has appreciated by an average of 80% to 100% resulting from the scarcity of
commercial land and the strong demand for prime location land in the CBD area.
One Jesselton Waterfront is an integrated waterfront development that sits on 6.28 acres of leasehold commercial land within the Jesselton Waterfont City (JWC) master plan. It is the last piece of prime commercial waterfront land in Kota Kinabalu’s Central Business District and is located next to the Jesselton Point Ferry Terminal and the International Cruise Terminal.

Situated on the most prime location of the commercial plot, coupled with the significant historical
value of the Land, the value is estimated in the region of RM1,000 psf. As a reference, a recent
transaction of a piece of seaview land on the row across the street without sea frontage was recorded at RM1,107 psf.

KOTA KINABALU, 16 MARCH 2015 – GABUNGAN AQRS BERHAD (“GBGAQRS”) and SURIA
CAPITAL HOLDINGS BERHAD (“SURIA”) today jointly announced the formalisation of a Joint
Venture Agreement (“JVA”) for the collaborative development of a lucrative mixed development,
aimed at capturing a slice of the sizeable property market potential of Sabah. The project which will be named One Jesselton Waterfront, is set to be constructed across a 6.28 acre plot of land within the vicinity of Kota Kinabalu Port with an estimated Net Sale Value (“NSV”) of RM 1.8 billion.

If we based on land value of Rm1107/psf, 6.28 acres will has the value of RM 303 million. If we based on RM 1.8 billion with 20% to Suria, the value will be RM 360 million.

For Jesselton Quary project, upto date, SBC is only developed 4 acres out of 16.25 acres. The future value of the project will be much higher than the signed RM 1.8 billions.

Go through the shareholders report, Urusharta' suria share cost was at Rm1.84 before bonus. After bonus issue, his cost was reduced to Rm1.54. If deducted off all his dividend collected over the years of about Rm0.54, his cost was still at Rm1.00. Therfore, he was cut lost for every shares he dumped to the market despite holding the shares for more than 12 years.

EPF cost at least RM1.30, huat loh if privatised

Privatise is ok if EPF can make money, why not.

SINGAPORE - Households can expect higher electricity and lower gas bills for the next three months.

Electricity tariffs are set to rise by an average of 3.5 per cent in the first quarter of next year, SP Group said on Monday (Dec 30).

For the period from Jan 1 to March 31, electricity tariffs will increase by 0.81 cents per kilowatt hour (kwh) compared with the previous quarter.

https://www.thestar.com.my/business/business-news/2020/02/08/ytl-powers-uk-investments-bearing-fruit

One Jesselton Waterfront Project consists of the following:

1) The 4-storey mall has total net lettable area of 390,000 square feet
with 2 basements that offers 1,180 carpark bays.
2) The 4-star hotel & spa will offer 400 guest rooms and suites, an 800-pax capacity ballroom,
and spa facilities.
3) The Grade A corporate office tower would span across 4 floors below the 4-star hotel & spa with net lettable area of 52,000 square feet.
4) The waterfront condominium would offer 330 units of impeccably designed dwellings with a total net sellable area of 423,400 square feet.
5) Serviced Residence: 325-unit fully-furnished serviced residences. Spread over 25-floors, there would be 175 Kota Kinabalu view units with modern loft design(approximately 550 square feet), providing the flexibility of having one open plan wide space and a bedroom with privacy. Facing the breath-taking harbour is 150 exclusive sea view units (688 square feet for typical units and 880 square feet for corner units) fitted with elegant bathtubs in master bathrooms overlooking the sea.

The value of Rm1.1 Billion NSV was based on 2015. Now, the value may be much higher and it means more value to Suria.

Suria Capital’s Entitlement
Suria Capital and GBGAQRS had agreed for Suria Capital’s Entitlement pursuant to the JVA
to be revised upward from the current 18% to 20% of the minimum Net Saleable Value
(“NSV”) of RM1.1 billion. This would translate to a minimum guaranteed amount of RM220
million.The rationale for the increase in Suria Capital’s Entitlement is that value of landbank within
the Kota Kinabalu Central Business District area has appreciated since the initial signing of
the JVA back in March 2015.
The spurt of economic growth in the Sabah State has transformed Kota Kinabalu into a thriving
hub of activities (GDP has risen by CAGR of 8.1% from 2015-2018). The average land prices
in the area has appreciated by an average of 80% to 100% resulting from the scarcity of
commercial land and the strong demand for prime location land in the CBD area. The rapid
surge in both domestic and international tourist arrivals boosted the demand for high-quality
hotel and this in turn caused the hotel room rates to increase significantly over the last 4 years
(tourist arrivals CAGR of 5.1% from 2015-2018).

Land Value
One Jesselton Waterfront is an integrated waterfront development that sits on 6.28 acres of leasehold
commercial land within the Jesselton Waterfont City (JWC) master plan. It is the last piece of prime
commercial waterfront land in Kota Kinabalu’s Central Business District and is located next to the
Jesselton Point Ferry Terminal and the International Cruise Terminal.
Situated on the most prime location of the commercial plot, coupled with the significant historical
value of the Land, the value is estimated in the region of RM1,000 psf. As a reference, a recent
transaction of a piece of seaview land on the row across the street without sea frontage was recorded
at RM1,107 psf.

If profit for a year can achieve Rm80 M, then PE will drop to 6.12

If the rate of increase for all cargo and containers at 15%, the collection of Port expected to increase by Rm10 M to Rm75 M per quarter. The profit may increase by Rm7.5 M before tax and after tax will be about Rm5 M. So expected quarterly result will be Rm20 M and Rm80 M per annum. With minimum dividend of 35% of annual profit or Rm28 M, equivalent to 8 cents per annum. The dividend yield will increase to 5.6% which is much higher than FD.

Ahteck85, this counter is for long term investor like me and to collect high dividend as compared to fixed deposit. The price will move only when quarterly result showing continuing improving profit. We have yet to see the improving result but hopefully will be come in next year.

Hope to see last batch of selling done. Unfortunately, i queued at lower price, must be picked up by EPF.

Lately, there are quite a few friends from Sarawak, rushing to KK to invest in tourism business. I understand that Sarawak, all businesses are bad except construction of road and bridges. The works are for big companies and in 2 to 3 years down the road, the construction works will deplete, the companies may not make big money anymore. This is different from KK, tourism business is there for long time.

Tourist Arrival from China and Korea from 2015 to 2018 as follows:
Year China South Korea
2015 246918 138867
2016 374939 197945
2017 431026 310802
2018 593623 337100

As an investor in share market, we knew very well that KK has a very good potential and we are not able to afford to buy any good land location for the future development of the tourism business.

From the Aerial view of KK, Suria owned 52 acres of strategy land after all port operation will move to Sepangar Bay. There will be the biggest piece of land nearest to the city centre for future development.

Suria has 345.82 millions shares and if we hold 1% of the company shares for example or equivalent to 3458 lots(1000 unit share), we will has equivalent of 0.52 acre of strategy land. Each acre of land has value of Rm28 millions in the future and the 1% share value will worth RM14.56 millions in land.

Don't worry, there are so many institutions in top 30th shareholders(EPF & ASB & etc), if YTL wants share swap, they will fight for good duel. I personally think that it will not happen in the near future but if it happens, i sure can make some fortune out of it.

Bought at Rm0.855, still loss money. Hope for good dividend next month announcement

Another quarter of lose money, may not be as bad as previous quarter but still substantial amount.

From ports operation, Suria profit was about Rm 50 to 60 millions for the past 7 years except 2015, profit was Rm130 millions and it was extra from property development. For the next 8 to 10 years to complete all 52 acres of development and based on the existing 2 project value, per acre of land will worth about Rm 28 millions. The total income for next 10 years will be Rm1456 millions less Rm 233 millions collected, the balance amount will be Rm 1223 millions or Rm 122 millions a year.
With 50% margin of profit, every year property development will contribute another Rm 60 millions to the company or total profit of Rm 110 millions per annum for next 10 years. At present price of Suria price, Rm 1.33, PE of about 4 will be anticipated.

We hope Suria management will be asking more payment in kind instead of cash and the % of land value will definate be higher than 18%.

By next year, Aug,2020 WCT must be at least Rm2.08, otherwise WE is no value.

Jesselton Quay carries a minimum net sale value of RM1.8 billion, will be built on a 16.25 acre prime port land and One Jesselton Waterfront is a luxurious mixed development project set to be constructed across a 7 acre plot of land with an estimated Net Sale Value (NSV) of RM 1.8 billion. The two projects with a minimum sale value of Rm3.6 billions, Suria will entitled 18% of the value or equivalent to Rm648 millions less Rm233 millions received from Jesselton Quay on 2015, the balance amount due to Suria will be Rm415 millions. However, there is another piece of land next to the above projects with 28.9 acres also earmark for International cruise terminal and luxurious development project will be developed within 10 years time. (Note: Suria had paid 50% or Rm24 millions for the land premium to Sabah government last year) As mentioned in yesterday AGM, total expected GDV of Rm6 billions of development projects(including above 2 projects) coming on stream with completion of 8 to 10 years time, there will be another Rm432 millions due to Suria. So the amount yet to receive will be Rm847 millions or about Rm100 millions annually.

Part of the 28.9 acres of portland will be used as international cruise terminal and will be operated by Suria. There will be additional income to Suria.

The port operation will growth marginally every year and the profit will increase accordingly.

Conclusion: Suria will only come out with land for the project developments and the amount received will be mainly profit to the company. Expected the profit of the company will increase significantly from next year onward.

https://www.klsescreener.com/v2/news/view/543458

Go to quarterly report page 17, palm oil revenue + operating lost = Rm130+ millions. This is cost of palm oil industry for the company. You can check back for few quarters, for the last 1-2 years, quarterly cost was around the amount.

From the 30 biggest shareholders 2018, local institutions hold about 14.31% excluding some foreign and local funds. This is totally different from YTLLAND. Yeoh family hold YTLPOWR at least 65.35% + 6% treasury shares. They will not treat local institutions as retailers unless the price will be agreed with them. So not to worry, if Yeoh family want to swap shares, will not be as YTLLAND.

Cost of FFB per ton too high. Every quarter production cost oil palm business more than Rm130 millions, excluding administration and interest cost. How to make money?

Why cost of FFB per ton was Rm700+, excluding interest and administration cost, very high

Dayang will announce marginal lost in 1Q19 next week. Wait to see the price movement before buy.

JTIASA, you can estimate revenue quite accurately but not cost. Hibiscus, revenue and cost is quite easily established

（伦敦25日讯）传闻沙地阿拉伯正设法将油价推高至每桶70美元以上。



沙地表示，为了平衡市场及降低库存，将大幅削减3和4月的原油出口。沙地基于财政需要，希望今年能够将油价最少推高至每桶70美元，而且不把美国页岩油的威胁放在眼里。目前并没有OPEC成员提出增产事宜。



沙地目前正极力改造国内经济情势，因此需要大量资金，但官方从未公开表示油价的目标，仅表示以市场机制为准。

KWAP sold 20Millions shares yesterday, today may sold another 20Million again.

result will be out today evening.

Profit 2018 made back more than 2017 lost(-Rm143 millions).

Unexpected very good Q4 result. Better than>Rm135 millions for 2018.

result will be out by friday evening

Net Profit 2018 at about Rm135 millions. PE of 5.8 @ Rm 0.81 now

4Q2018 profit before tax about Rm90 millions.

The Board of Directors of Suria Capital Holdings Berhad is pleased to announce that the Proposed Bonus Issue as set out in the Notice of Extraordinary General Meeting (EGM) dated 14 December 2018 has been duly passed at the EGM held on 10 January 2019.

The voting in respect of the Resolution was carried out by way of electronic polling system and the results were validated by Scrutineer Solutions Sdn Bhd, being the independent scrutineer appointed by the Company. Please refer to the attachment for the result of the poll.

This announcement is dated 10 January 2019.

Another project awarded

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6015253

Another 3.5 cents dividend. Good