December 4, 2017 @ 6:51pm KUALA LUMPUR: Damansara Realty Bhd (DBhd) has appointed Ir Yahaya Hassan as Group Chief Operating Officer, effective December 1, 2017.
In a statement yesterday, DBhd said Yahaya would work closely with Group Chief Executive Officer Brian Iskandar Zulkarim to implement the group’s key strategic priorities.
A civil engineer graduate from the University of Nottingham, Yahya had, since 2003, managed multi-million ringgit projects in the healthcare and property sector during his tenure as the Managing Director of Healthcare Technical Services (M) Sdn Bhd, one of DBhd’s units.
Brian Iskandar said the group was currently focusing on strengthening its offerings to its clients by harnessing the synergies across DBhd’s subsidiaries in the property development, project management consultancy and integrated facilities management segments.
“I am confident that Yahaya will help in driving this transformation strategy to build a track record of sustainable profit and improve shareholder value,” he added. – Bernama
KUALA LUMPUR (Dec 4): Damansara Realty Bhd (DBhd) has appointed Yahaya Hassan as its group chief operating officer effective Dec 1.
A civil engineer with more than 30 years of broad industry experience and knowledge, DBhd said Yahaya will be working closely with group chief executive officer Brian Iskandar Zulkarim to drive seamless execution of key strategic priorities for the group.
“Since we implemented our strategic transformation plan last year, the group has been profitable for two straight quarters already, and is on track for full-year profitability,” Brian Iskandar said in a statement today.
“We are now focusing our efforts on strengthening our offerings to our clients through harnessing the synergies across our subsidiaries in the property development, project management consultancy and integrated facilities management segments,” Brian added.
Since 2003, Yahaya has managed multi-million ringgit projects in the healthcare and property sector regionally, as managing director of HTS — DBhd’s niche healthcare consultancy.
HTS’ services include hospital planning and design, technical advisory for mechanical and electrical services, hospital equipment and logistics.
Home / Business News DBhd unit gets nod for land buy in Johor Published on: Saturday, November 25, 2017 Kuala Lumpur: Damansara Realty Bhd (DBhd)'s associate company, DAC Properties Sdn Bhd, has completed the acquisition of 21.50 hectares (ha) of land for RM130.3 million from Johor Corporation (JCorp), the Johor state investment arm. In a statement here, DBhd said it had received the Economic Planning Unit's approval for the acquisition, which is part of its proposed RM141.5 million settlement agreement with JCorp, allowing it to reduce its net current liabilities and return its balance sheet to health.
The integrated facilities management, project management consultancy and property group added with the completion of the acquisition, it had met almost all its obligations under the settlement agreement with JCorp, and would reduce its net current liabilities by RM132 million.
"The completion will mean a stronger balance sheet for DBhd, slashing its net current liability to RM23 million from RM155 million before," said Group Chief Executive Officer, Brian Iskandar Zulkarim.
Located in Tebrau, Johor Bahru, the land is part of DBhd's 25.5ha Central Park being developed in partnership with Hong Kong-listed Country Garden, within the strategically located Taman Damansara Aliff along the Pasir Gudang Highway.
"DBhd will still own about 4.04ha within Taman Damasara Aliff after the Central Park is completed.
With this land acquisition and the good progress on Central Park, DBhd is on track to strengthen its property development arm," he said.
Central Park is an integrated township comprising, amongst others, residential homes, commercial shop lots, and amenities with an estimated gross development value of about RM3.5 billion and slated to be completely developed over the next six to eight years.
The settlement comprises two acquisitions of land by DBhd from JCorp for RM141.5 million cash, and a land swap.
As part of its joint-venture with Country Garden Malaysia, DBhd has already completed the payment of RM130.3 million of the total RM141.5 million settlement sum, leaving a balance of RM11.2 million to be paid.
"Aside from reducing our current liabilities, we are confident we are on track for a full year of profit," said Brian Iskandar.
The move was a key milestone in DBhd's transformation programme, which has steered its corporate recovery in 2017, and broken its two-year streak of losses with its first quarterly net profit earlier this year, he said.
Meanwhile, DBhd will raise additional funds via a redeemable convertible notes (RCN) issuance programme, together with a bonus issue of warrants.
The RCN issue, which was approved earlier this month, would give DBhd the ability to raise up to RM150 million to fund the settlement and boost the group's cash flow, said the statement.
"The RCN will also enable DBhd to raise working capital to strengthen its integrated facilities management and project management and consultancy segments, which are currently the main drivers of revenue growth," it said. – Bernama
DBhd Turnaroud Plan Yields Positive Results December 4, 2017 | By BusinessToday.net.my | Reply Start Your Email Marketing, Create, Send & Track your Results Damansara Realty Bhd (DBhd) announced that it achieved a net profit of almost RM3 million (mn) for the nine months ended 30 September 2017, triumphing against a net loss of RM14.5 mn a year ago.
The integrated facilities management (IFM), project management consultancy (PMC) and property group saw a year-to-date pre-tax profit of RM5.6 mn, against a pre-tax loss of RM12.5 mn previously. This followed a 37% jump in revenue to RM182.3 mn against RM133.1 mn. This strong performance was attributed to the increased contribution from the IFM segment, which saw its revenue grow by RM35 mn.
“Our turnaround programme is producing results faster than expected, with revenue growing and our margins increasing,” said Brian Iskandar Zulkarim, Group Chief Executive Officer.
The turnaround has extended beyond the group’s operational performance, with DBhd recently reducing its net current liabilities by RM132 mn, following its completion of a large portion of its settlement agreement for 53-acre land in Johor.
Additionally, the IFM segment is expected to continue driving DBhd’s recovery, having secured over RM146 mn in new contracts over the last 11 months, with the most recent contracts acquired by Metro Parking worth RM1.1 mn at Dataran Maybank and Etiqa Buildings.
DBHD EXPECTS IFM UNIT TO DRIVE GROWTHCompany sees growth driven by integrated facilities management unit New Straits Times 29 Jan 2018 AMIR HISYAM RASID KUALA LUMPUR bt@mediaprima.com.my PIC BY ROHANIS SHUKRIDamansara Realty Bhd chief executive officer Brian Iskandar Zulkarim says the company will capitalise on data analytics to grow its business. PROPERTY developer Damansara Realty Bhd (DBhd) is expecting to see exponential growth in top-line earnings, bolstered by its integrated facilities management (IFM) business. The company also indicated its fourth-quarter results last year were going to be positive, which would mark its return to full-year prof told itability since 2014. DBhd will announce its fourthquarter results next month. Chief executive officer Brian Iskandar Zulkarim said DBhd would focus more on IFM this year and ride on the sector’s strong growth. It had also drawn up a five-year plan that would enhance its business segments, including IFM, property development and project management consultancy, in a bid to boost growth, he NST Business. “We believe we are heading for a new growth phase, which will see an exponential growth in top-line earnings. We anticipate better financial performance starting this year. Our profits will grow and balance sheet will improve. “Last year, IFM helped us to make the leap in growth. We feel like we have been reborn. So this year, we will continue to put more focus on IFM, which provides a recurring income. This also helps us to withstand the weak property cycle. “We will bid for more projects in the facilities management sector to take advantage of its strong growth. Last year, the sector had a compound annual growth rate of more than eight per cent,” said Brian. The five-year business plan was drawn up for the company to stay on the growth path, synergise the three business segments and extend offerings in each segment, he added. Brian said the firm’s IFM business, which included Metro Parking, TMR Urusharta and HC Duraclean, was a one-stop solutions provider that offered five-star food catering, building maintenance and operations as well as cleaning and security. Others include parking and logistic services, medical facility services, hotel management and landscaping. The company is also looking into digitalisation to support the IFM segment’s growth. “We will capitalise on data analytics to grow our business. We also aim to grow our cashless innovation system, especially for parking and logistics as well as food and beverage,” he added.
“This is a sustainable thing and we will build upon it this year,” CEO Brian Iskandar Zulkarim told a press briefing here today.
The company, which is a property company said it will tap growth from the integrated facilities management business segment of which it is already operating in now.
“We are still a property company but while we are pushing all areas for growth, we would like to be cautious on this area for the time being,” Brian said.
Damansara Realty targets 15% top-line growth on return to black Ahmad Naqib Idris / The Edge Financial Daily
February 14, 2018 09:56 am +08
KUALA LUMPUR: Damansara Realty Bhd — which has just returned to the black in its financial year ended Dec 31, 2017 (FY17) — expects to sustain its earnings growth momentum in FY18, and targets a top-line growth of up to 15% year-on-year.
“We expect to sustain our performance going forward. Our FY17 results form a base for our future performance and we expect to grow our revenue this year,” said Damansara Realty group chief executive officer Brian Iskandar Zulkarim at a press briefing yesterday.
He said the group is eyeing several contracts under its integrated facilities management (IFM) division this year.
Under its IFM division, the group offers various services including catering, maintenance and operations, cleaning and security, parking and logistics services, medical facility services, landscaping and hotel management.
In particular, he said the group is eyeing two large contracts which could potentially contribute more than RM10 million per month in revenue each and several smaller contracts, but declined to reveal further.
“We continue to look for more opportunities at Rapid,” he said, referring to Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor.
“We have established a good relationship with Petronas. We are also looking beyond Petronas ... we have a few more contracts in the pipeline that we are eyeing,” he added.
While Damansara Realty’s IFM segment continues to grow, Brian said the company is not abandoning its property development division, although management is a bit more cautious about the segment.
Amid the generally lacklustre local property market, group chief operating officer Yahaya Hassan said the company’s property division will not be very aggressive, adding that any potential launches in 2018 will depend on the performance of its current developments.
Its existing projects comprise Damansara Hills 1 in Kuantan, Pahang, the Central Park development and Aliff Square 1 and 2 in Johor Baru, Johor, and the 1Malaysia Public Housing Project in Putrajaya.
While the group has plans for Damansara Hills 2, Yahaya said launches will depend on how sales of units at Damansara Hills 1 perform this year.
“We are building 49 units of terrace and semi-detached units and currently the take-up rate is about 14%. We have had a lot of enquiries but the buyers seem to be facing difficulty in securing financing.
Meanwhile, the group’s project management consultancy division — which houses the construction management and hospital planning operations — is also aiming to secure new jobs.
Yahaya said the group is in talks with several parties including Selgate Corp Sdn Bhd — a unit of the Selangor State Development Corp — and several others.
“We are talking to a few developers. We feel that hospital development is a trend that is picking up as we noticed that more developers are developing hospitals and the number of operators have increased,” he said.
In its fourth quarter ended Dec 31, 2017 (4QFY17), Damansara Realty reported a net profit of RM14.73 million, versus a net loss of RM12.59 million in 4QFY16, as revenue improved 34% to RM67.25 million from RM50.09 million.
For FY17, the group returned to the black with a net profit of RM17.8 million from a net loss of RM27.8 million a year earlier, while revenue rose 36% to RM249.4 million from RM183.2 million.
The better earnings were attributed to higher revenue from the IFM segment amid higher number of ongoing contracts, as well as the property development segment due to contributions from Aliff Square 2 and Damansara Hill 1.
fragile moment for the Malaysia market, if company have a good profit like Dbhd . Share price can not move , if you got a small profit like Karex , like lau sai then need a doctor .......
Goreng only. Insider news. But I guess it is risky to play because it went high too fast and people don't even know what is going on. They chased blindly which is dangerous. You can see this stock is on the down trend and suddenly went up only today. So I guess this is a danger as we see from the chart from history we also see some spike like this before...but it always go down later on. So be careful of chasing too high. Definitely not worth chasing because the resistant is around 38 sen. Now already 37 sen.
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....
cherng
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Posted by cherng > 2017-11-29 09:02 | Report Abuse
i dont understand why buy land can reduce liabilities? how!