Rakuten Trade vice president of research Thong Pak Leng stated that the prospects for domestic stocks remain optimistic, driven by the ongoing influx of foreign funds into the area.
*US* Stock futures rose Thursday night as investors prepared themselves for the upcoming April jobs report, due Friday morning.
*EUR* European stocks closed lower on Thursday as global markets reacted to a slew of corporate earnings and the U.S. Federal Reserve’s latest monetary policy decision.
*ASIA* Asia-Pacific markets rose on Friday, tracking Wall Street gains ahead of key U.S. employment data.
*MALAYSIA* The domestic market could wrap the week on a high note after stubbornly holding on to optimism amid better-than-expected earnings results from Wall Stret.
*GOLD* Gold retreated on Thursday as focus returned to chances of U.S. interest rates staying higher for longer, with traders also positioning for economic data that could influence the Federal Reserve’s policy path.
*Oil* U.S. crude oil edged higher on Thursday after selling off to a seven-week low on a surge in petroleum inventories on softening demand.
*KLCI*: 1,575.97 (+4.33) (+0.27%)
*DJIA*: 38,225.66 (+322.37) (+0.85%)
*S&P 500*: 5,064.20 (+45.81) (+0.91%)
*NASDAQ*: 15,840.96 (+235.48) (+1.51%)
*FTSE*: 8,172.15 (+50.91) (+0.63%)
*NIKKEI*: 38,236.07 (-37.98) (-0.10%)
*HSI* 18,207.13 (+444.10) (+2.50%)
*HSCEI* 6,437.09 (+163.34) (+2.60%)
*SHANGHAI* Holiday
*SHENZHEN*: Holiday
*GOLD*: 2,309.60
*CRUDE OIL*: 83.95
*USD/MYR*: 4.7428
_Source: The Edge, The Star, CNBC, Reuters, MarketWatch & Bloomberg_
*Disclaimer:* _We have compiled this material with information obtained from sources we believe to be reliable, but we do not make any representation or warranty nor accept any responsibility or liability as to its accuracy, completeness or correctness. It ppl contains general information only on investment matters and the information is subject to change. The material above should not be considered as a comprehensive statement on any matter and should not be relied upon as such. The data presented is for information purposes only and is not a recommendation to buy or sell any securities or adopt any investment strategy. This material is not intended to be relied upon as a forecast, research, or investment advice regarding a particular investment or the markets in general, nor is it intended to predict or depict performance of any investment._
further boost to ho hup's property projects in bukit jalil KL :)
KL Wellness City launches tertiary hospital as part of the township’s first phase KUALA LUMPUR (May 3): KL Wellness City Sdn Bhd, through KL International Hospital Sdn Bhd, has launched KL International Tertiary Hospital as part of the first phase of the KL Wellness City township in Bukit Jalil here on Thursday (May 2). TheEdge03 May, 2024 12:22pm - 21 minutes ago
harga tanah kian mahal apalagi kat KK & KL Bkt Jalil :)
Ajinomoto, had in July 2023, proposed to sell six parcels of land with redevelopment potential that are located along Jalan Kuchai Lama, Kuala Lumpur to businessman Tan Sri David Law Tien Seng, better known as TS Law, for RM408mil cash.
LIST OF MaTeRIaL PROPeRTIeS as at 31 December 2023 No. Location/Land details Age of Building Date of Acquisition Tenure Size Existing Use Description Value RM’000 1. Ho Hup Tower Geran 78076, Lot no.101462, Mukim Petaling, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur (Bandar Bukit Jalil) 8 years 21/09/2016 Freehold 146,812 square feet Office Tower Office Tower 123,000 2. Geran 79552, Lot 101901 (previously known as H.S.(D) 119869, PT 15292), Mukim Petaling, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur (Bandar Bukit Jalil)–12/09/1995 Freehold 104,335 square feet Property development Development Land 120,121 3. Carpark B1, B2, B3, LG and LG1 at Aurora Place, Persiaran Jalil 1, Bukit Jalil, Kuala Lumpur–31/12/2019 Freehold 2,027 bays Carpark Building 64,400 4. 32 Units of Retail Lots located at Lower Ground floor at Aurora Place, Persiaran Jalil 1, Kuala Lumpur–31/12/2019 Freehold 51,757 square feet Retail Lots Building 48,298 5. Exhibition Floor located at Level 4 at Aurora Place, Persiaran Jalil 1, Kuala Lumpur–31/12/2019 Freehold 16,685 square feet Exhibition Floor Building 14,720
He also anticipates increased investment from expatriates in Malaysia due to the more relaxed requirements for the Malaysia My Second Home (MM2H) programme with the introduction of three tiers: silver, gold and platinum.
“The silver tier requires a minimum fixed deposit of RM500,000 for five years and the option to withdraw up to 50% of the cash after a year for purchasing homes worth RM750,000, healthcare or tourism activities while high-net-worth individuals can apply for the platinum category with a RM5 million deposit, making them eligible for permanent residency in Malaysia. The age limit for MM2H applications has been reduced to 30 years and the required days in Malaysia per year have also been reduced to 60 days.
“These changes are expected to impact foreign buyers’ property acquisition activities in Malaysia, although the Ministry of Tourism, Arts and Culture has yet to He also anticipates increased investment from expatriates in Malaysia due to the more relaxed requirements for the Malaysia My Second Home (MM2H) programme with the introduction of three tiers: silver, gold and platinum.
“The silver tier requires a minimum fixed deposit of RM500,000 for five years and the option to withdraw up to 50% of the cash after a year for purchasing homes worth RM750,000, healthcare or tourism activities while high-net-worth individuals can apply for the platinum category with a RM5 million deposit, making them eligible for permanent residency in Malaysia. The age limit for MM2H applications has been reduced to 30 years and the required days in Malaysia per year have also been reduced to 60 days.
“These changes are expected to impact foreign buyers’ property acquisition activities in Malaysia, although the Ministry of Tourism, Arts and Culture has yet to release the final version of the MM2H application fees,” he says. the final version of the MM2H application fees,” he says.
He says the return of tourists to Malaysia has supported the demand for short-term stay properties, noting that Malaysia recorded the highest number of tourist arrivals in Southeast Asia last year. “This acts as an opportunity for developers to launch smaller units that target investors who plan to be involved in short-term stay investment in the future. We observe that more such developments are being launched in the KL City area.”
Overall, he says that the y-o-y performance of rental yields in the selected sub-markets showed cautious optimism with most findings indicating positive and stable trends in the Klang Valley residential market.
Directors dah umum, anda? Puji mereka during agm nanti ya, :)
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5169 HOHUP HO HUP CONSTRUCTION COMPANY DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) Subject : Intention to Deal During Closed Period 1. Details of Intention to Deal During Closed Period Salutation : DATO' Name : WONG KIT-LEONG Designation : Executive Director Description of "Others" Designation : Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 150,000 % of Securities Held : 0.029 2. Details of Intention to Deal During Closed Period Salutation : DATIN Name : CHAN BEE LENG Designation : Others Description of "Others" Designation : NON-INDEPENDENT NON-ECUTIVE DIRECTOR Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 47,700 % of Securities Held : 0.009 3. Details of Intention to Deal During Closed Period Salutation : DATIN Name : CHAN BEE LENG Designation : Others Description of "Others" Designation : NON-INDEPENDENT NON-EXECUTIVE DIRECTOR Nature of Interest : Deemed Interest Description of Securities : Ordinary Shares No of Securities Held : 61,171,422 % of Securities Held : 11.803 4. Details of Intention to Deal During Closed Period Salutation : MR Name : LOW KHENG LUN Designation : Others Description of "Others" Designation : NON-INDEPENDENT NON-EXECUTIVE DIRECTOR Nature of Interest : Deemed Interest Description of Securities : Ordinary Shares No of Securities Held : 48,325,732 % of Securities Held : 9.325 5. Details of Intention to Deal During Closed Period Salutation : TAN SRI DATUK Name : SERI (DR) MAZLAN BINLAZIM Designation : Others Description of "Others" Designation : INDEPENDENT NON-EXECUTIVE DIRECTOR Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 253,800 % of Securities Held : 0.049 Remarks : You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Cuma directors dapat insider info yang reliable kan? Hehe
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5169 HOHUP HO HUP CONSTRUCTION COMPANY DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) Subject : Intention to Deal During Closed Period 1. Details of Intention to Deal During Closed Period Salutation : DATO' Name : WONG KIT-LEONG Designation : Executive Director Description of "Others" Designation : Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 150,000 % of Securities Held : 0.029 2. Details of Intention to Deal During Closed Period Salutation : DATIN Name : CHAN BEE LENG Designation : Others Description of "Others" Designation : NON-INDEPENDENT NON-ECUTIVE DIRECTOR Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 47,700 % of Securities Held : 0.009 3. Details of Intention to Deal During Closed Period Salutation : DATIN Name : CHAN BEE LENG Designation : Others Description of "Others" Designation : NON-INDEPENDENT NON-EXECUTIVE DIRECTOR Nature of Interest : Deemed Interest Description of Securities : Ordinary Shares No of Securities Held : 61,171,422 % of Securities Held : 11.803 4. Details of Intention to Deal During Closed Period Salutation : MR Name : LOW KHENG LUN Designation : Others Description of "Others" Designation : NON-INDEPENDENT NON-EXECUTIVE DIRECTOR Nature of Interest : Deemed Interest Description of Securities : Ordinary Shares No of Securities Held : 48,325,732 % of Securities Held : 9.325 5. Details of Intention to Deal During Closed Period Salutation : TAN SRI DATUK Name : SERI (DR) MAZLAN BINLAZIM Designation : Others Description of "Others" Designation : INDEPENDENT NON-EXECUTIVE DIRECTOR Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 253,800 % of Securities Held : 0.049 Remarks : You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Sapu kuat, directors dapat pujian d agm kelak hehe
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5169 HOHUP HO HUP CONSTRUCTION COMPANY General Meetings: Notice of Meeting 52049 Indication: Notice of Meeting Description: HO HUP CONSTRUCTION COMPANY BERHAD- FIFTIETH ANNUAL GENERAL MEETING Date of Meeting: 30/05/2024 Time of Meeting: 10:30 AM Venue: Bukit Jalil Golf and Country Resort,1st Floor, Perdana 1 & 2 Room,Jalan Jalil Perkasa 3, Bukit Jalil,57000 Kuala LumpurMalaysia Date of General Meeting Recorduring of Depositors: 23/05/2024 Outcome of Meeting:
Investing.com-- Most Asian stocks rose on Monday, tracking strength in Wall Street as weak payrolls data sparked a resurgence in rate cut expectations, while Chinese markets returned from a long weekend with standout gains.
Asia shares rally on Fed cut bets; yen pares gains Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break.
Terbanglah esok. RM110mil aliran tunai masuk bagi hohup. cun!
5169 HOHUP HO HUP CONSTRUCTION COMPANY TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) HO HUP CONSTRUCTION COMPANY BERHAD ("HO HUP" OR "COMPANY") PROPOSED DISPOSAL BY BUKIT JALIL DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PARCEL OF FREEHOLD COMMERCIAL DEVELOPMENT LAND FOR A CASH CONSIDERATION OF RM110,000,000 You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
More foreigners will buy property here rather than Singapore.
Luxury home sales fall 50% on-year in Q1, with just one foreign buyer Observers said the doubling of property taxes has dampened the interest from overseas investors in buying residential properties in Singapore.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HO HUP CONSTRUCTION COMPANY BERHAD ("HO HUP" OR "COMPANY") PROPOSED DISPOSAL BY BUKIT JALIL DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PARCEL OF FREEHOLD COMMERCIAL DEVELOPMENT LAND FOR A CASH CONSIDERATION OF RM110,000,000 HO HUP CONSTRUCTION COMPANY BHD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description HO HUP CONSTRUCTION COMPANY BERHAD ("HO HUP" OR "COMPANY")
PROPOSED DISPOSAL BY BUKIT JALIL DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PARCEL OF FREEHOLD COMMERCIAL DEVELOPMENT LAND FOR A CASH CONSIDERATION OF RM110,000,000 M&A Securities Sdn Bhd, on behalf of the Board of Directors of Ho Hup wishes to announce that Bukit Jalil Development Sdn Bhd (“BJD” or “Vendor”), a wholly-owned subsidiary of the Company had on 6 May 2024 entered into a conditional sale and purchase agreement (“SPA”) with EXSIM Persiaran Jalil Sdn Bhd (“Purchaser”) for the proposed disposal of a parcel of freehold commercial development land measuring 12,492 square metres (equivalent to approximately 134,463 square feet or 3.09 acres) held under H.S.(D) 123328, PT 50194 in the Mukim of Petaling, District of Kuala Lumpur and State of Wilayah Persekutuan (“Land”) for a cash consideration of RM110,000,000 (“Disposal Consideration”), subject to the terms of the SPA (“Proposed Disposal”).
Kindly refer to the attachment for further details on the Proposed Disposal.
This announcement is dated 6 May 2024.
Please refer attachment below.
Attachments 060524 - Announcement.pdf 431.6 kB
Announcement Info Company Name HO HUP CONSTRUCTION COMPANY BHD Stock Name HOHUP Date Announced 06 May 2024 Category General Announcement for PLC Reference Number GA1-06052024-00046
Scope of Report This report covers the Group’s core business activities in construction, property development, building materials and property and retail management for the period from January 2023 to April 2024. The group approach to sustainability is aligned with the global national sustainable development goals. Sustainability measures undertaken by the Group and its sustainability impact shown below: NO DIVISION / PROJECTS SUSTAINABILITY IMPACT SUSTAINABILITY EESG CATEGORY A PROPERTY DEVELOPMENT 1) Flex @ Bukit Jalil Creating a new business hub in Bukit Jalil City Economic Environmental Social 2) The Crown, Kota Kinabalu Through innovative architectural design and features, the project enchances and supports sustainable morden lifestyles Economic Environmental Social B CONSTRUCTION 1) National Infrastructure -East Cost Rail Link (ECRL) Building a national infrastructure that will help link cities & towns, and upgrade public transport in rural areas. Economic Environmental Social Governance C BUILDING MATERIAL 1) (Quarry) Rock Supply for Conservation works Resource conservation by using rock from quarry for the Breakwater Economic Environmental Social 2) (Ready-mix) Concrete Supply around Klang Valley Prudent planning for delivery helps to lower carbon footprint Economic Environmental Social D PROPERTY AND RETAIL MANAGEMENT 1) Aurora Place, Bukit Jalil -Lower Ground Retail -Level 4 -Ho Hup Tower -Carparks The clean, green environment through efficient maintenance practices, contributes to an improved business environment and enchanced security for the Aurora Place community Economic Environmental Social 2) Food and Beverage (F&B) business Making food and beverage convenient for visitors, residents and employees in Aurora Place. Economic Social
Construction Division Our Construction Division continues to leverage on the technical expertise and established track record of the Group in order to build a sustainable growth momentum for the Group’s business. Our projects are: 1. East Coast Rail Link (ECRL) projects in Pahang. This project was completed at the end of year 2023; and 2. The Crown Project in Kota Kinabalu, comprising service suites, a five-star hotel and niche retail lots.
In East Malaysia, Ho Hup also launched a mixed development project, The Crown, in Kota Kinabalu, Sabah with an estimated GDV of RM600 million. This development has a beautiful façade facing the South China Sea. Strategically located in an area popular with tourists, the mixed development includes a hotel, service suited and a retail by the waterfront.
Property and Retail Management Division Ho Hup’s Property and Retail Management Division manages our retail and commercial assets at Aurora Place, including the office tower, lower ground retail space totalling 207,087 square feet containing a food and beverage outlets and five levels of carpark.
LIST OF MATERIAL PROPERTIES As at 31 December 2023 No. Location/Land details Age of Building Date of Acquisition Tenure Size Existing Use Description Value RM’000 1. Ho Hup Tower Geran 78076, Lot no.101462, Mukim Petaling, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur (Bandar Bukit Jalil) 8 years 21/09/2016 Freehold 146,812 square feet Office Tower Office Tower 123,000 2. Geran 79552, Lot 101901 (previously known as H.S.(D) 119869, PT 15292), Mukim Petaling, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur (Bandar Bukit Jalil) – 12/09/1995 Freehold 104,335 square feet Property development Development Land 120,121 3. Carpark B1, B2, B3, LG and LG1 at Aurora Place, Persiaran Jalil 1, Bukit Jalil, Kuala Lumpur – 31/12/2019 Freehold 2,027 bays Carpark Building 64,400 4. 32 Units of Retail Lots located at Lower Ground floor at Aurora Place, Persiaran Jalil 1, Kuala Lumpur – 31/12/2019 Freehold 51,757 square feet Retail Lots Building 48,298 5. Exhibition Floor located at Level 4 at Aurora Place, Persiaran Jalil 1, Kuala Lumpur – 31/12/2019 Freehold 16,685 square feet Exhibition Floor Building 14,720
Bro just curious u alone is promoting HoHup FA not so rosy leh bro Past 3 years net loss widen net debts widen FCF not consistent high gearing around 1.4
NEW YORK/LONDON (Reuters) -A gauge of global stock markets rallied on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a surge last week from Japan's suspected currency intervention.
Stocks on both sides of the Atlantic advanced, and in Asia too, as a softer-than-expected U.S. labor market report on Friday led traders to revive bets that the Federal Reserve would ease monetary policy as early as September.
Only holds ~25% of a property development project in johor, and 100% of a kk project now which had sold 70%++ todate.
Refocus on construction sector, its forte.
Maybe, reduce headcount like Tesla is on the way due to degearing & restructuring, etc. Quite positive with its future and good valuation now, p/b < 0.25. Value buy.
@xiaoeh
Bro just curious u alone is promoting HoHup FA not so rosy leh bro Past 3 years net loss widen net debts widen FCF not consistent high gearing around 1.4
After yesterday's announcement, these directors can sapu syer dah , bukan lagi insider info lagi. Going to surge in volume& price expected yah hehe
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5169 HOHUP HO HUP CONSTRUCTION COMPANY DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) Subject : Intention to Deal During Closed Period 1. Details of Intention to Deal During Closed Period Salutation : DATO' Name : WONG KIT-LEONG Designation : Executive Director Description of "Others" Designation : Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 150,000 % of Securities Held : 0.029 2. Details of Intention to Deal During Closed Period Salutation : DATIN Name : CHAN BEE LENG Designation : Others Description of "Others" Designation : NON-INDEPENDENT NON-ECUTIVE DIRECTOR Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 47,700 % of Securities Held : 0.009 3. Details of Intention to Deal During Closed Period Salutation : DATIN Name : CHAN BEE LENG Designation : Others Description of "Others" Designation : NON-INDEPENDENT NON-EXECUTIVE DIRECTOR Nature of Interest : Deemed Interest Description of Securities : Ordinary Shares No of Securities Held : 61,171,422 % of Securities Held : 11.803 4. Details of Intention to Deal During Closed Period Salutation : MR Name : LOW KHENG LUN Designation : Others Description of "Others" Designation : NON-INDEPENDENT NON-EXECUTIVE DIRECTOR Nature of Interest : Deemed Interest Description of Securities : Ordinary Shares No of Securities Held : 48,325,732 % of Securities Held : 9.325 5. Details of Intention to Deal During Closed Period Salutation : TAN SRI DATUK Name : SERI (DR) MAZLAN BINLAZIM Designation : Others Description of "Others" Designation : INDEPENDENT NON-EXECUTIVE DIRECTOR Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 253,800 % of Securities Held : 0.049 Remarks : You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
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....
Good123
26,519 posts
Posted by Good123 > 2024-05-03 09:09 | Report Abuse
beberapa jutawan diramal akan muncul dari saham ho hup kot? wait n see yah/