2024 post pandemic first dividend... back to untung as reported
30-Oct-2019 29-Nov-2019 DIVIDEND First and Final Dividend RM 0.015 30-Oct-2018 28-Nov-2018 DIVIDEND First and Final Dividend RM 0.02 31-Oct-2017 29-Nov-2017 DIVIDEND First and Final Dividend RM 0.025 27-Oct-2016 29-Nov-2016 DIVIDEND First and Final Dividend 2.5% 29-Oct-2015 29-Dec-2015 DIVIDEND First and Final Dividend 3.0000% 28-Oct-2014 29-Dec-2014 DIVIDEND First and Final Dividend 3% 30-Oct-2013 27-Dec-2013 DIVIDEND First and Final Dividend 2.5% 31-Oct-2012 26-Dec-2012 DIVIDEND First and Final Dividend 2.5% 01-Nov-2011 28-Dec-2011 DIVIDEND Final Dividend 2% 27-May-2011 08-Jun-2011 RIGHTS_ISSUE Rights Issue 2 : 5 30-Dec-2010 29-Dec-2010 DIVIDEND Final Dividend 1.5% 20-Nov-2007 11-Dec-2007 DIVIDEND First and Final Dividend 1% 20-Nov-2003 10-Feb-2004 DIVIDEND Final Dividend RM 0.1 23-Nov-2002 13-Feb-2003 DIVIDEND Final Dividend RM 0.035 25-Feb-2002 22-Feb-2002 OTHERS Others 1 : 2 20-Feb-2002 19-Feb-2002 BONUS_ISSUE Bonus Issue 1 : 1
EQUITY AND LIABILITIES Capital and reserves Share capital 528,552 528,552 Other reserves 2,938 2,938 Retained earnings 390,480 388,779 921,970 920,269 Non-controlling Interests 2,006 2,019 Total equity 923,976 922,288
Prospects for the Next Financial Year Ending 30 June 2024 Moving forward, the Group expects a gradual recovery in the property development industry on improved market sentiments along with Bank Negara Malaysia’s announcement in September 2023 to maintain its overnight policy rate (OPR) at 3% and expectations that the OPR will remain unchanged this year. Stable OPR will bring confidence to the real estate market, which will then have a broader positive impact on the overall economy. Furthermore, with a total allocation of RM393.8 billion, Budget 2024 amongst others, aim to transform the nation’s economy and improving the quality of life for all Malaysians. Several positive measures are undertaken by the Government such as relaxation of Malaysia My Second Home (MM2H) applications, increasing the Housing Credit Guarantee Scheme up to RM10 billion for the benefit of 40,000 borrowers are expected to boost the property sector demands.
Segmental Reporting a) Analysis of revenue and results by business segments for the financial period ended 30 September 2023: Property development RM’000 Property trading RM’000 Construction contracts RM’000 Others RM’000 Elimination RM’000 Total RM’000 Revenue External Sales 66,264 11,703 50,329 1,665 - 129,961 Inter-segment Sales - - 8,125 12,320 (20,445) - Total revenue 66,264 11,703 58,454 13,985 (20,445) 129,961 Results Segmental results 9,793 107 6,276 7,837 (12,184) 11,829 Interest and distribution income 574 Profit from operations 12,403 Finance costs (9,819) Share in results of associated company and joint ventures (125) Profit before tax 2,459 Income tax expense (771) Profit for the period 1,688
malton is free to do whatever it likes ... a great burden is gone.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MALTON BERHAD ("MALTON" OR "COMPANY") DISPOSAL BY REGAL PATH SDN BHD, A 51% JOINT VENTURE OF MALTON, OF THE PAVILION BUKIT JALIL MALL TO PAVILION REAL ESTATE INVESTMENT TRUST FOR A TOTAL INDICATIVE DISPOSAL CONSIDERATION OF RM2,200,000,000 ("DISPOSAL") MALTON BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS Description MALTON BERHAD ("MALTON" OR "COMPANY") DISPOSAL BY REGAL PATH SDN BHD, A 51% JOINT VENTURE OF MALTON, OF THE PAVILION BUKIT JALIL MALL TO PAVILION REAL ESTATE INVESTMENT TRUST FOR A TOTAL INDICATIVE DISPOSAL CONSIDERATION OF RM2,200,000,000 ("DISPOSAL") We refer to the Company's announcements dated 22 November 2022, 12 December 2022, 12 January 2023, 22 March 2023, 2 May 2023, 15 May 2023 and the Company’s circular dated 3 March 2023 in relation to the Disposal ("Circular"). Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcements and Circular.
On behalf of the Board, RHB Investment Bank wishes to announce that the Disposal has been completed today following the receipt of the Completion Date Payment today in accordance with the terms and conditions of the CSPA.
The Balance Consideration shall be satisfied in the manner set out in Paragraph 2.1(b) of Appendix I of the Circular.
This announcement is dated 1 June 2023.
Announcement Info Company Name MALTON BERHAD Stock Name MALTON Date Announced 01 Jun 2023 Category General Announcement for PLC Reference Number GA1-01062023-00048
6181 MALTON MALTON BHD Change in Boardroom Date of Change: 03/07/2023 Type of Change: Appointment Designation: Others Directorate: Ind & N/Exec Name: BAHARUM BIN HARUN Age: 63 Country: Nationality: Malaysia Qualifications: Working Experience and Occupation: He worked for the Malaysian Government for 21 years.1979 to 1984 - He joined the office of former Prime Minister, Tunku Abdul Rahman Putra Al-HajApril 1984 to 2000 - Prime Minister's Department as an Administrative Officer 2000 to 2019 - Personal Assistant to Tan Sri Datuk Ab Aziz Bin Ismail assisting in corporate affairs2020 to date - Advisory projects Directorship of public companies (if any): Nil Family relationship with any director and/or major shareholder of the listed issuer: Nil Details of any interest in the securities of the listed issuer or its subsidiaries: Nil 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:
08/06/2011 Entitlement date 10/06/2011 Entitlement time 05:00:00 PM Entitlement subject Rights Issue Entitlement description Renounceable rights issue of up to RM156,390,346 nominal value 7-year 6% redeemable convertible secured loan stocks (“RCSLS”) at 100% of its nominal value together with up to 156,390,346 free detachable new warrants (“Warrants”) and up to 78,195,173 new ordinary shares of RM1.00 each in Malton Berhad (“Malton”) (“Malton Shares”) (“Bonus Shares”) attached on the basis of RM2.00 nominal value of RCSLS together with two (2) Warrants and one (1) Bonus Share for every five (5) Malton Shares held as at 5.00 p.m. on 10 June 2011 (“Rights Issue”) Period of interest payment to Financial Year End Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements Registrar's name ,address, telephone no ShareWorks Sdn Bhd 10-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Tel: (03) 6201 1120 Payment date a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 10/06/2011 b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. Number of new shares/securities issued (units) (If applicable) Entitlement indicator Ratio Ratio 2 : 5 Rights Issues/Offer Price 1
Remarks : The Abridged Prospectus, together with the Notice of Provisional Allotment and Rights Subscription Form (collectively, “Documents”), will only be despatched to the shareholders whose names appear on the Record of Depositors as at 5.00 p.m. on 10 June 2011 (“Entitled Shareholders”) at their address in Malaysia or who have provided the share registrar with an address in Malaysia in writing by 5.00 p.m. on 10 June 2011.
The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the entitlement date.
This announcement is dated 27 May 2011.
Announcement Info Company Name MALTON BERHAD Stock Name MALTON Date Announced 27 May 2011 Category Entitlements (Notice of Book Closure) Reference No MM-110526-40344
The Group has completed renowned and large scale private developments including shopping malls, highway interchange, aircraft engineering complex, residential townships and high-rise developments. Leveraging on its strong and wide technical expertise, the Construction and Project Management division will continue to bid and secure new contracts to enhance its book value. To date, this division has managed and completed projects with contract value worth more than RM3 billion.
Completed Projects Pavilion Bukit Jalil City Pavilion Kuala Lumpur Pavilion Hotel Damen (USJ Subang) Wangsa 118 (Wangsa Maju) Galleria (Equine Park) On-going Projects Pavilion Damansara Heights Pavilion Embassy Pavilion Ceylon Hill
Tan Sri Lim Siew Choon Non-Independent Non-Executive Chairman Tan Sri Lim Siew Choon, Malaysian, was appointed as the Executive Chairman of Malton Berhad on 15 February 2001, a position he held until his redesignation as Non-Executive Chairman on 3 January 2017.
He has been involved in the property development and construction industries for more than 35 years. He received his tertiary education in the United States of America and graduated with a degree in Business Administration and Finance from University of Central Oklahoma.
Tan Sri Lim Siew Choon is a major shareholder of Malton Berhad. He is also Chairman and Non-Independent Executive Director of Pavilion REIT Management Sdn Bhd, the Manager of Pavilion Real Estate Investment Trust and Executive Chairman of WCT Holdings Bhd. Both Pavilion Real Estate Investment Trust and WCT Holdings Bhd are listed on the Main Market of Bursa Malaysia Securities Berhad.
Guido Paul Philip Joseph Ravelli Deputy Chairman, Non-Independent Non-Executive Director Puan Sri Tan Kewi Yong Executive Director Chua Thian Teck Executive Director Datuk Hong Lay Chuan Executive Director Dato’ Siew Mun Wai Independent Non-Executive Director Arunasalam A/L Muthusamy Independent Non-Executive Director Baharum Bin Harun Independent Non-Executive Director
6181 MALTON MALTON BHD Quarterly rpt on consolidated results for the financial period ended 30/09/2023 Quarter: 1st Quarter Financial Year End: 30/06/2024 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/09/2023 30/09/2022 30/09/2023 30/09/2022 RM '000 RM '000 RM '000 RM '000 1 Revenue 129,961 128,679 129,961 128,679 2 Profit/Loss Before Tax 2,459 (932) 2,459 (932) 3 Profit/(loss) attributable to ordinary equity holders of the parent 1,701 (9,663) 1,701 (9,663) 4 Net Profit/Loss For The Period 1,688 (9,667) 1,688 (9,667) 5 Basic Earnings/Loss Per Shares (sen) 0.32 (1.83) 0.32 (1.83) 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 1.7500 1.7400
“Moving into 2024, we expect much of the sector tailwinds enjoyed in 2023 to diminish,” said HLIB Research.
PETALING JAYA: Property sales will likely remain resilient in 2024, albeit at a moderate pace with launches by developers seen normalising.
The sector had a good year in 2023 as developers scaled up their launches as supply conditions improved.
On Bursa Malaysia, the Kuala Lumpur Property Index recorded an impressive return of 34.5% versus the FBM KLCI’s loss of 2.7%.
Hong Leong Investment Bank (HLIB) Research said all property stocks under its coverage recorded good positive returns in 2023, indicating a sector-wide rerating.
“Also notable is that stocks such as Sunway Bhd, OSK Holdings Bhd and Matrix Concepts Holdings Bhd achieved their all-time high stock price during 2023,” it added in a report.
The research house said the sharp rerating of the sector observed in 2023 was due to a correction of an earlier sector mispricing, plus a recovery boosted by transient factors.
“In 2022, despite the sector demand recovery post-economic reopening, the property index declined 8.9%, continuing its downtrend since 2014.
“This created a mismatch where demand and earnings were recovering but stock prices nonetheless continued to slip.”
It said the property sector enjoyed a “triple boost” in 2023 from stronger earnings due to accelerated billings, higher sales with more new products in the primary market and higher launches as supply conditions improved.
“Nonetheless, all of these three factors were not a reflection of a fundamental change in underlying demand dynamics.
“Moving into 2024, we expect much of the sector tailwinds enjoyed in 2023 to diminish,” said HLIB Research.
Firstly, it said the accelerated billings seen in 2023, which was a result of developers catching up on progress to avoid liquidated ascertained damages payment, should dissipate and normalise in 2024.
“Secondly, the higher sales in 2023, in our view, were partly due to some buyers shifting from secondary to primary market as more new products were available in the latter.
“We do not think property demand has changed much in 2023, given that the domestic economy has only seen moderate growth in gross domestic product (GDP).”
The research firm said the moderate growth is expected to continue in 2024 with a projected 4% to 5% GDP growth, based on Bank Negara’s estimate (HLIB Research forecast: 4.8%).
“As developers had scaled up launches significantly in the domestic market in 2023, these products will take some time for the market to absorb.
“As such, developers are unlikely to raise their launches significantly in 2024 and we think sales will also see a similar pace of moderate growth in 2024.”
HLIB Research is maintaining a “neutral” rating on the sector having previously downgraded it from “overweight” in last December.
“Despite an overall ‘neutral’ view on the sector, we nonetheless identified several names under our coverage that have the potential to ‘outperform’. Our top picks are Sunway, OSK, Sime Darby Property Bhd and IOI Properties Group Bhd.”
Anyone know that currently Malton owned how many share of Pavilion Reit? It has sold Pavilion Bukit Jalil to Pavilion Reit, with consideration of RM2.2bil, which some will be paid in cash, and some in Pavilion Reit share.
May I know as at 31 Dec 2023, Malton owned how many share of Pavreit?
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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....
Nkk1370
277 posts
Posted by Nkk1370 > 2022-07-15 17:13 | Report Abuse
Any one knows the real asset value of BJ pavilion?