Harga dijangka akan balik 70-80sen by Q1, 2023 supaya private placement boleh ditawarkan untuk pertumbuhan biz menurut pelan biz yg telah diumumkan baru2 ni...
Tak tahu sama ada strategi cypark akan dibuat untuk chhb. Wait n see lah :)
KUALA LUMPUR (Dec 14): Chung Chee Yang, who emerged as Cypark Resources Bhd's single largest shareholder in September when his shareholding surpassed that of its co-founder-cum-chief executive officer Datuk Daud Ahmad, has continued to raise his stake in the company by acquiring more shares in the open market.
Chung now has 74.3 million shares representing a 12.618% stake in Cypark, after his latest acquisition of 400,000 shares on Monday (Dec 12).
Little is known about Chung other than that he had briefly been a substantial shareholder of Tanco Holdings Bhd with a 5% interest from September till end-November 2021, and that of MAG Holdings Bhd with a 6.32% stake from Sept 20 till Oct 9, 2019.
He first emerged as a substantial shareholder in Cypark on Aug 9 when he acquired 30 million shares of the company via the open market, which gave him a 5.095% stake.
He then raised his stake via a series of open market acquisitions. By Sept 15, his shareholding had gone up to 7.928%, versus Daud's 6.77% stake. By end-November, he had 12.482%.
From Aug 9 until Dec 12, Cypark's shares closed between 43 sen and 41 sen apiece. It closed at 40 sen on Wednesday, giving the renewable energy and environmental engineering solutions company a market capitalisation of RM235.6 million.
Cypark's third largest shareholder is Amanah Saham Nasional Bhd, who holds 6.30% via Amanah Saham Bumiputera and Amanah Saham Malaysia 3.
Cypark's net profit for its latest quarter ended July 31, 2022 (3QFY2022) fell 29.2% to RM11.8 million from RM16.68 million in 3QFY2021, as revenue dropped 30.9% to RM45.49 million from RM65.92 million on lower contribution from its renewable energy division, whose revenue decreased to RM20.3 million from RM56.2 million.
On Dec 8, Cypark announced that its indirect subsidiaries had been awarded 21-year feed-in approval certificates by Sustainable Energy Development Authority (Seda) to carry out biogas projects, with a total capacity of 2.7MW, in Johor and Terengganu.
The first biogas project comprises a 1.2 MW installed capacity biogas plant in Layang-Layang, Johor, which was awarded to Cypark's 51%-indirectly-owned Reviva BACRE (Ulu Remis) Sdn Bhd. The second is a 1.5 MW plant in Kemaman, Terengganu awarded to BACRE Reviva Biogas (Kemaman) Sdn Bhd, which is 80%-owned by BACRE Reviva Biogas Holdings Sdn Bhd, which in turn is an indirect 51%-subsidiary of Cypark.
Cypark said Tenaga Nasional Bhd would purchase electricity from the project companies at pre-agreed feed-in tariff rates.
The new major shareholder like the bank might be requesting a position in the board as independent director, an existing ID has resigned... Hurray!
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5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD Change in Boardroom Date of Change: 14/12/2022 Type of Change: Resignation Designation: Others Directorate: Ind & N/Exec Name: CHONG KHING CHUNG Age: 55 Country: Nationality: Malaysia Qualifications: Working Experience and Occupation: Directorship of public companies (if any): Family relationship with any director and/or major shareholder of the listed issuer: Details of any interest in the securities of the listed issuer or its subsidiaries: 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 Submitted By:
Top 25 shareholders own 90.81% of the company Ownership Name Shares Current Value Change % Portfolio % 27.41% Kim Lee 81,346,489 MYR30.9m -0.99% no data 13.29% Country Heights Venture Sdn. Bhd. 39,425,000 MYR15.0m 0% no data 12.11% Country Heights International Sdn Bhd 35,931,600 MYR13.7m 0% no data 10.11% CGS-CIMB Securities., Asset Management Arm 30,004,000 MYR11.4m 0% 3.53% 3.89% Chieng Sim Ooi 11,550,000 MYR4.4m 0% no data 3.84% Cheng Lee 11,389,831 MYR4.3m -8.07% no data 3.81% Rise Business Inc 11,303,600 MYR4.3m 0% no data 3.01% Siva Kumar Jeyapalan 8,939,600 MYR3.4m 0% no data 2.32% Chuan Seng Keh 6,880,000 MYR2.6m 0% no data 1.74% Joint Win Investments Limited 5,167,600 MYR2.0m 0% no data 1.42% Sharon Josop 4,200,000 MYR1.6m 0% no data 1.32% Golden Touch Investment Bank Ltd 3,931,400 MYR1.5m -67.05% no data 0.96% Mei Ling Khoo 2,850,000 MYR1.1m 0% no data 0.82% Choon Hwa Tan 2,419,100 MYR919.3k 0% no data 0.76% Teong Eng Por 2,243,000 MYR852.3k 0% no data 0.61% Ruey Yin Fan 1,817,700 MYR690.7k 0% no data 0.59% Chee Teong Teh 1,736,200 MYR659.8k 0% no data 0.54% - Sarojini 1,600,000 MYR608.0k 0% no data 0.5% Ubex Trading Malaysia Sdn Bhd 1,480,000 MYR562.4k 0% no data 0.39% Kerd Yee Chu 1,160,000 MYR440.8k 0% no data 0.37% Ernest Shack Peter 1,100,000 MYR418.0k 0% no data 0.35% Atta Global Group Berhad 1,033,400 MYR392.7k 0% no data 0.34% Ah Luck Chew 1,000,000 MYR380.0k 0% no data 0.32% Lim & Tan Securities Pte Ltd., Asset Management Arm 942,069 MYR358.0k 0% 0.63% 0.0037% Chun Yip 11,000 MYR4.2k 0% no data
Home News News Country Heights Hopeful of Its Results Driven by Stronger Sales By Elizabeth Yee -May 31, 2022
The group with its businesses ranging from property, hospitality, to wellness group, has announced the results for its first quarter ended 31 March 2022 (1Q2022) with total revenue of RM9.2 million compared to RM7.7 million for the previous year’s corresponding quarter ended 31 March 2021. While, profit before tax was RM3.55 million for the current quarter compared to a RM5.2 million loss before tax in the previous year’s corresponding quarter.
“As we begin launching our RM300 million property program to monetize our Realisable Net Asset Value, we remain committed to adopting technology to transform our business model, including executing the partnership with JD.com and the development of Mines Smart City,” Managing Director of CHHB, Datuk Jared Lim commented.
“The Healthcare division recorded revenues of RM5.8 million as compared to RM5.1 million in the same quarter for 2021. The Covid-19 RT VCR testing and vaccine service contributed to the revenue increase. The gross profit increased by 8% from RM3.7 million in FYE 2021 to RM4.0 million in FYE 2022.”
“The Resorts and Hospitality division recorded revenues of RM1.1 million in the current quarter compared to RM0.9 million for the first quarter of 2021. There was mainly due to contribution from Palace Vacation Club timeshare membership. Our plans to relaunch Mines Beach Resort in 3Q2022 will further increase the hospitality revenue for FY2022.”
Segment profit was recorded at RM6.0 million for the first quarter of 2022 as compared to a segment loss of RM1.2 million for the same quarter of 2021. The increase in the segment profit resulted from the waiver of debts amounting to RM7.2 million from the Golden Horse Palace Berhad under the scheme of arrangement in the current quarter of 2022. The Palace of the Golden Horses hotel has been temporarily closed since June 2020 to restructure its overall operations.
The Exhibition and Convention division contributed RM0.8 million of revenue in the current quarter as compared to RM0.3 million in the first quarter of 2021. The revenue contribution generated from the increased event function was recorded at RM0.6 million.
While, the Property Division recorded revenues of RM1.6 million in the current quarter compared to RM1.4 million for the first quarter of 2022 contributed by sales of the Belezza Phase 3 project, double storey development located in Jitra, Kedah.
Segment profit was recorded at RM0.6 million for the first quarter of 2022 as compared to a segment loss of RM1.5 million for the same quarter of 2021. This was mainly due to the reversal of provisioned operating costs.
Digital Landlord
“As all of our divisions begin their turnaround, we remain focused on our Digital transformation initiatives. The M Smart City App will be launched in Q3 2022 whereby Mines Wellness City will be the first township in Malaysia to use the smart city app with cryptocurrency enablement. This will integrate the Mines community and allow integrated digital services, cutting-edge community engagement, and smart city management all on one smart city app,” Datuk Jared explained.
“In April 2022, we announced our collaboration with JD.com, a clear signal to the market that CHHB is intent on transforming its business model into the digital age. This partnership will launch Malaysia’s first Omnichannel model involving MIECC as the flagship retail store for curated JD.com merchandise spanning over 150,000 sf, which will lead customers to the online platform, the localized version of JD.com.”
Last December, CHHB also announced its collaboration with Beijing Wodong Tianjun Information Technology Co Ltd, a wholly-owned subsidiary of China’s largest online retailer JD.com.
The group said it planned to invest RM250 million in capital expenditure over five years for the omni-channel business with JD.com. The announcement led to a surge in CHHB’s share price, which peaked at RM1.98 on Dec 29, 2021 — a 37% jump from its close of RM1.45 a week earlier.
Two weeks later, CHHB made headlines again with its participation in a consortium comprising SMTrack Bhd, Jiankun International Bhd, Sersol Bhd, Techna-X Bhd and MQ Technology Bhd, which will be working with 5G Infra Tech Solution Sdn Bhd (5GInfraTech) to raise funds for 5G and fibre optics-related projects by Digital Nasional Bhd.
“In April 2022, we announced our collaboration with JD.com, a clear signal to the market that CHHB is intent on transforming its business model into the digital age. This partnership will launch Malaysia’s first Omnichannel model involving MIECC as the flagship retail store for curated JD.com merchandise spanning over 150,000 sf, which will lead customers to the online platform, the localized version of JD.com.”
Property Industry To Bounce Back First With Political Stability
Tan Sri Lee Kim Yew, Founder of Country Heights Holdings Bhd (CHHB), expects the property sector to be the first to bounce back once Malaysia has achieved political stability, a competitive currency rate versus the US dollar and a better business environment.
It remains to be seen how CHHB, with a market capitalisation of RM250 million, will fund these diversification and digitalisation plans. More importantly, only time will tell whether these plans will contribute positively to the group’s bottom line.
Before that happens, sceptics and doubters will be wondering whether CHHB is losing its focus as having an over-diversified business portfolio might cause distractions.
Investors who bought CHHB shares at the peak of RM2.50 on Feb 25 are still waiting to see the light at the end of the tunnel.
DJ, the son-in-law of Tan Sri Lee Kim Yew, CHHB's former MD and controlling shareholder with current collective interest of 63 per cent, brings nearly 30 years of experience in corporate finance, private equity, entrepreneurship, and transformational leadership with him.
Lee has stepped back from operations and has publicly stated that he intends to resign from the Board in the near future to focus on his privately held ventures.
downside risk tak banyak, beli dan put aside , tunggu je :)
Recall that the counter hit a multi-year high of RM2.77 momentarily on Feb 25 before succumbing to heavy profit taking and eventual downward spiral to close at RM1.22 (60% lower) on March 10 (a span of two weeks).
On Dec 28 last year, Country Heights hit limit up when it surged to a multi-year high of RM2.14 before closing at RM1.98 following an announcement that it had entered into a licensing and collaboration agreement with Beijing Wodong Tianjun Information Technology Co Ltd, a wholly-owned subsidiary of JD.com which is a leading technology-driven e-commerce company in China.
The collaboration will lead to the development of JD.com’s omnichannel business model using its technologies and Country Heights’ resources for the Malaysian market.
Country Heights’ share price closed unchanged at 39.5 sen on Thursday (Dec 8), giving the group a market capitalisation of RM117.71 million. The stock has depreciated 77.43% since the beginning of this year.
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Harga dijangka akan balik 70-80sen by Q1, 2023 supaya private placement boleh ditawarkan untuk pertumbuhan biz menurut pelan biz yg telah diumumkan baru2 ni...