Better cut loss and stay away from this con counter. The director involves quite alot of fraudulent cases. It might end up like Serba Dynamik. (agreed)
Nobody would have imagine a year ago when this stock was about RM5, that it could go below 50 sen. Now almost 40sen.... How much did the majority shareholder lost?
Good company with land in prime areas..... but due to high gearing, resulting in high interest charges all profits are lost to interest charges... haish but interesting to see the 2 Yu brother earnings of RM7,000,000 a year figure each... LOL thats like RM583,000 a month !!! :-)
YNH will sell a seven-storey retail shopping mall (known as "163 RETAIL PARK") to RHB TRUSTEES BERHAD (as trustee of SUNWAY REAL ESTATE INVESTMENT TRUST) for a total cash consideration of RM215 million
I think this 163 sale to clear some debts n cash flow. Certainly not worth being at 0.45. Too undervalued. I'm holding on for brighter days.. collected at 44 n 47sen..
time passes.. and still, YNH is alive amazingly. but they have yet to answer for the missing 1.2B in JV payments that were sent to empty shell companies controlled by a group of 4 key related parties (friends and family members of the Yu Brothers). Then the crooked deals by Daniel, the boy Wonder, and his second wife with the crooked sale of material assets to a fake trust. The board has a lot to answer for. The bondholders will be paid from where? the books are cooked until empty one, gone with the wind......
THIRTY (30) LARGEST SECURITIES ACCOUNT HOLDERS (ACCORDING TO THE REGISTER OF DEPOSITORS AS AT 7 OCTOBER 2024) Percentage of No. of Shareholdings Names Shares (%) 1. CITIGROUP NOMINEES (TEMPATAN) SDN BHD (199301012273) 46,225,784 8.7468 EXEMPT AN FOR KENANGA INVESTORS BHD 2. CITIGROUP NOMINEES (TEMPATAN) SDN BHD (199301012273) 20,785,400 3.9330 URUSHARTA JAMAAH SDN. BHD. (2) 3. KENANGA NOMINEES (TEMPATAN) SDN BHD (197301003326) 13,550,000 2.5639 EXEMPT AN FOR PHILLIP SECURITIES PTE LTD (CLIENT ACCOUNT) 4. MALAYSIA NOMINEES (TEMPATAN) SENDIRIAN BERHAD (6193K) 13,078,000 2.4746 PLEDGED SECURITIES ACCOUNT FOR YU KUAN CHON (01-00868-000) 5. CITIGROUP NOMINEES (ASING) SDN BHD (199301009138) 13,000,000 2.4598 EXEMPT AN FOR CITIBANK NEW YORK (NORGES BANK 22) 6. UOBM NOMINEES (TEMPATAN) SDN BHD (15356H) 9,559,786 1.8089 PLEDGED SECURITIES ACCOUNT FOR CHAN WENG FUI 7. KENANGA NOMINEES (TEMPATAN) SDN BHD (197301003326) 7,500,000 1.4191 PLEDGED SECURITIES ACCOUNT FOR MERRY NOEL ROBERT 8. UOBM NOMINEES (TEMPATAN) SDN BHD (15356H) 7,500,000 1.4191 EXEMPT AN FOR UNITED OVERSEAS BANK NOMINEES (PTE) LTD (LOCAL CLIENT) 9. GAN BOON KAT 7,393,000 1.3989 10. KENANGA NOMINEES (TEMPATAN) SDN BHD (197301003326) 6,854,939 1.2971
23. GAN BOON KAT 3,620,000 0.6850 24. UOBM NOMINEES (TEMPATAN) SDN BHD (15356H) 3,600,000 0.6812 PLEDGED SECURITIES ACCOUNT FOR YU KUAN HUAT 25. OOI EE HOW 3,560,000 0.6736 26. CITIGROUP NOMINEES (ASING) SDN BHD (199301009138) 3,472,593 0.6571 CBNY FOR EMERGING MARKET CORE EQUITY PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC 27. MAYBANK NOMINEES (TEMPATAN) SDN BHD (199301004202) 3,230,000 0.6112 NG WEI KING 28. DOH TEE LEONG 3,160,000 0.5979 29. CARTABAN NOMINEES (TEMPATAN) SDN BHD (199301008631) 3,000,000 0.5677 RHB TRUSTEES BERHAD FOR KENANGA ISLAMIC ABSOLUTE RETURN FUND 30. MAUDREEN A/P KANJEE 3,000,000 0.5677
😉YNH Property Berhad is often viewed as a potential investment for several reasons:
1. **Strong Portfolio**: The company has a diverse range of properties, including residential, commercial, and mixed-use developments. This diversification can help mitigate risks associated with market fluctuations.
2. **Strategic Location**: Many of YNH’s projects are situated in prime locations, which can drive demand and increase property values over time. Proximity to urban centers and essential amenities is a key factor.
3. **Reputation and Experience**: With years of experience in the property development sector, YNH has established a reputation for quality and reliability, which can attract buyers and investors.
4. **Growing Market**: The property market in Malaysia, particularly in urban areas, continues to show potential for growth. Factors such as population growth and urbanization can support demand for new developments.
5. **Financial Performance**: A solid financial track record, including revenue growth and profitability, can indicate a company’s stability and ability to generate returns for shareholders.
6. **Sustainability Initiatives**: Increasingly, developers are focusing on sustainable building practices. YNH’s commitment to environmentally friendly development can appeal to a growing segment of environmentally conscious buyers.
7. **Future Developments**: Planned future projects can present additional opportunities for growth and expansion, making YNH a potential long-term investment.
These factors, combined with broader economic conditions, can contribute to YNH Property Berhad’s attractiveness as an investment opportunity.
The situation with YNH Property Berhad, where its share price is significantly lower than its net asset value (NAV), can indeed present a potential investment opportunity. Here’s why this scenario may apply specifically to YNH:
1. **Undervalued Assets**: If YNH’s share price is trading well below its NAV, it suggests that the market may not fully appreciate the value of its property portfolio. This could indicate a buying opportunity if investors believe the company's assets are solid.
2. **Quality of Properties**: YNH has a diverse and strategically located portfolio, which includes high-quality residential and commercial properties. If these assets are performing well or have growth potential, they could eventually be recognized by the market.
3. **Market Conditions**: Broader economic conditions can affect investor sentiment. If the property market is currently facing challenges, this might depress share prices despite strong underlying asset values. As market conditions improve, YNH's share price may recover.
4. **Future Development Projects**: YNH has ongoing and planned developments that could enhance its asset base and profitability. Successful project launches or sales could serve as catalysts to boost the share price closer to NAV.
5. **Management Strategy**: A strong management team focused on maximizing shareholder value can be a positive sign. If YNH has strategies in place to unlock value from its assets, this could support a price recovery.
6. **Long-term Outlook**: Investors with a long-term perspective may find value in YNH’s shares, especially if they believe in the company’s fundamentals and the potential for market correction.
7. **Risk Considerations**: It’s essential to evaluate any risks that could affect YNH’s performance, such as changes in market demand, regulatory challenges, or economic downturns.
In summary, while a lower share price compared to NAV can indicate potential for YNH Property Berhad, thorough research and consideration of market conditions, management effectiveness, and future prospects are crucial for making an informed investment decision.
The founder of YNH Property Berhad might support the company for several reasons:
1. **Vision and Legacy**: As the founder, they likely have a personal vision for the company and a desire to build a lasting legacy in the property development industry. Supporting YNH allows them to see that vision come to fruition.
2. **Passion for Development**: A genuine passion for real estate and urban development can drive the founder to support YNH’s projects. They may take pride in creating quality homes and commercial spaces that enhance communities.
3. **Financial Incentives**: The founder’s financial interests are closely tied to the company’s success. Supporting YNH can lead to increased property values, better returns on investment, and overall growth, benefiting them personally.
4. **Market Opportunities**: The founder may recognize the potential for growth in the property market, particularly in Malaysia’s urban centers. By supporting YNH, they can capitalize on these opportunities.
5. **Strategic Direction**: Having a deep understanding of the industry, the founder may feel it is their responsibility to guide the company’s strategic direction, ensuring it remains competitive and innovative.
6. **Talent and Culture**: The founder may want to foster a strong corporate culture and attract top talent. Supporting the company helps create an environment where employees are motivated and aligned with its goals.
7. **Community Impact**: Supporting YNH allows the founder to make a positive impact on the community through responsible development, sustainable practices, and contributions to local economies.
Overall, the founder's support for YNH Property Berhad can stem from a mix of personal passion, financial interests, and a desire to contribute to the industry and community.
Say, worst scenario, write off RM1bil. NTA = rm2.15 - (rm1BIL/529MIL SHARES)~26SEN IF WRITE 50% ONLY, nta = RM2.15 - (rm500MIL/529MIL SHARES) ~ rm1.20
#############AT 43.5SEN, SEEM A CALCULATED BET, ALSO, WITH glc AS TOP 10 INVESTORS e.g. CITIGROUP NOMINEES (TEMPATAN) SDN BHD (199301012273) 20,785,400 3.933% URUSHARTA JAMAAH SDN. BHD.
DATO’ DR. YU KUAN CHON, DIMP, PPT, MBBS 62 years of age Malaysian, Male Chairman, Executive Director Dato’ Dr. Yu Kuan Chon was appointed to the Board of the Company on 3 September 2003, and became Chairman on 20 February 2004. After obtaining his medical degree in 1988, he began his career as a houseman in Klang, followed by a role as a medical officer a year later. He subsequently served as a medical officer in hospitals in Ipoh and Taiping, Perak. In 1995, he left government service to assist in the family business. Currently, he is a Non-Independent Non-Executive Director at Rapid Synergy Berhad, a public company listed on the Main Market of Bursa Malaysia Securities Berhad. He is the brother of Dato’ Yu Kuan Huat, DPMP, PMP, AMP, PPT, and he is a major shareholder of the Company. He has no conflict of interest or potential conflict of interest with the Company or its subsidiaries. He has not been convicted of any offences within the past five (5) years other than traffic offences, if any, and has not been imposed any public sanction or penalty by the relevant regulatory bodies during the financial year ended 30 June 2024.
DATO’ YU KUAN HUAT, DPMP, PMP, AMP, PPT 66 years of age Malaysian, Male Managing Director Member, Remuneration Committee Dato’ Yu Kuan Huat was appointed to the Board of the Company on 3 September 2003, and subsequently assumed the role of Managing Director on 8 October 2003. Prior to joining the Board, he served as the Managing and Founder Director of Kar Sin Bhd, now a wholly-owned subsidiary of the Company. With over 30 years of experience, his expertise covers a broad range of industries, including property development, construction, money lending, and aquaculture. He serves as the Alternate Director to Dato’ Dr. Yu Kuan Chon, DIMP, PPT, MBBS, at Rapid Synergy Berhad, a public company listed on the Main Market of Bursa Malaysia Securities Berhad. He is a substantial shareholder of the Company and he is the brother of Dato’ Dr. Yu Kuan Chon, DIMP, PPT, MBBS. He has no conflict of interest or potential conflict of interest with the Company or its subsidiaries. He has not been convicted of any offences within the past five (5) years other than traffic offences, if any, and has not been imposed any public sanction or penalty by the relevant regulatory bodies during the financial year ended 30 June 2024.
KHONG KAM HOU 75 years of age Malaysian, Male Senior Independent Non-Executive Director Chairman, Audit Committee Member, Nomination Committee Member, Remuneration Committee Mr. Khong Kam Hou was appointed to the Board of the Company as a Senior Independent Non-Executive Director on 31 March 2023. On the same day, he was also appointed as a member of the respective Board Committees. He was later redesignated as Chairman of the Audit Committee on 1 March 2024. He graduated from the University of Malaya with a Bachelor's degree in Economics in 1974 and joined the Department of Inland Revenue, Ministry of Finance, as a tax cadet officer in early 1975. Over the course of his career from 1975 to 1991, he served in several key units within the Inland Revenue Department, including tax assessment, corporate tax, and tax investigation. In 1992, he left his role as a senior tax officer and practiced as a licensed tax consultant from 1992 until 2019. He has no other directorship in public companies and listed issuers. He has no family relationship with any director and/or major shareholder of the Company. He has not been convicted of any offences within the past five (5) years other than traffic offences, if any, and has not been imposed any public sanction or penalty by the relevant regulatory bodies during the financial year ended 30 June 2024. He has no conflict of interest or potential conflict of interest with the Company or its subsidiaries.
CHING LEE FONG 46 years of age Malaysian, Male Independent Non-Executive Director Member, Audit Committee Chairman, Nomination Committee Chairman, Remuneration Committee Mr. Ching Lee Fong was appointed to the Board of the Company as a Independent Non-Executive Director on 31 March 2023. On the same day, he was also appointed as a member of the respective Board Committees. He was later redesignated as Chairman of the Nomination Committee and Remuneration Committee on 1 March 2024. He graduated with a Bachelor of Engineering (Electrical & Electronics) from University Technologi Malaysia. He is currently serving as a Senior Engineer at Intel Microelectronics Sdn Bhd and brings over 23 years of experience in the electrical and electronics engineering industry. He has no other directorship in public companies and listed issuers. He has no family relationship with any director and/or major shareholder of the Company. He has not been convicted of any offences within the past five (5) years other than traffic offences, if any, and has not been imposed any public sanction or penalty by the relevant regulatory bodies during the financial year ended 30 June 2024. He has no conflict of interest or potential conflict of interest with the Company or its subsidiaries.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
albertyek
485 posts
Posted by albertyek > 2024-06-28 16:11 | Report Abuse
ever watched the movie Titanic? Dr Yu is the captain while all of the buyers are the band players hahahaha