Posted by t_nike2002 > 2019-09-19 10:03 | Report Abuse

Heading to 1.50 ...!

Posted by 风云 > 2019-09-20 15:06 | Report Abuse

suddenly price and volume both up, any good news?

Posted by tonywong8 > 2019-09-22 12:45 | Report Abuse

Lately, there are quite a few friends from Sarawak, rushing to KK to invest in tourism business. I understand that Sarawak, all businesses are bad except construction of road and bridges. The works are for big companies and in 2 to 3 years down the road, the construction works will deplete, the companies may not make big money anymore. This is different from KK, tourism business is there for long time.

Tourist Arrival from China and Korea from 2015 to 2018 as follows:
Year China South Korea
2015 246918 138867
2016 374939 197945
2017 431026 310802
2018 593623 337100

As an investor in share market, we knew very well that KK has a very good potential and we are not able to afford to buy any good land location for the future development of the tourism business.

From the Aerial view of KK, Suria owned 52 acres of strategy land after all port operation will move to Sepangar Bay. There will be the biggest piece of land nearest to the city centre for future development.

Suria has 345.82 millions shares and if we hold 1% of the company shares for example or equivalent to 3458 lots(1000 unit share), we will has equivalent of 0.52 acre of strategy land. Each acre of land has value of Rm28 millions in the future and the 1% share value will worth RM14.56 millions in land.

Posted by ahteck85 > 2019-10-16 12:41 | Report Abuse

tonywong8, if what you have said is true, suria's share price should have spiked a long time ago. Is the counter undervalued for a long time or is there something that we have missed out?

Posted by tonywong8 > 2019-10-18 23:33 | Report Abuse

Ahteck85, this counter is for long term investor like me and to collect high dividend as compared to fixed deposit. The price will move only when quarterly result showing continuing improving profit. We have yet to see the improving result but hopefully will be come in next year.

Posted by tonywong8 > 2019-10-19 00:00 | Report Abuse

If the rate of increase for all cargo and containers at 15%, the collection of Port expected to increase by Rm10 M to Rm75 M per quarter. The profit may increase by Rm7.5 M before tax and after tax will be about Rm5 M. So expected quarterly result will be Rm20 M and Rm80 M per annum. With minimum dividend of 35% of annual profit or Rm28 M, equivalent to 8 cents per annum. The dividend yield will increase to 5.6% which is much higher than FD.

Posted by tonywong8 > 2019-10-19 15:43 | Report Abuse

If profit for a year can achieve Rm80 M, then PE will drop to 6.12

Posted by ahteck85 > 2019-11-01 15:25 | Report Abuse

Agree. An interesting counter with downside protection

Posted by techlee229 > 2019-12-02 16:25 | Report Abuse

Suria Capital Holdings Bhd, owner of Sabah Ports Sdn Bhd, has appealed to the Sabah state government to increase cargo tariffs by 15% to 20% at its seven ports in the state.

Posted by James Ng > 2020-01-19 08:42 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-01-19-story-h1482840129.jsp
[转贴] [SURIA CAPITAL HOLDINGS BHD：收入较低] - James的股票投资James Share Investing

Posted by Nepo > 2020-01-19 20:09 | Report Abuse

Any updated news from the property development sector, I.e Jesselton development?

Posted by Nepo > 2020-01-24 15:48 | Report Abuse

So quiet here..

Posted by tonywong8 > 2020-01-29 13:50 | Report Abuse

Land Value
One Jesselton Waterfront is an integrated waterfront development that sits on 6.28 acres of leasehold
commercial land within the Jesselton Waterfont City (JWC) master plan. It is the last piece of prime
commercial waterfront land in Kota Kinabalu’s Central Business District and is located next to the
Jesselton Point Ferry Terminal and the International Cruise Terminal.
Situated on the most prime location of the commercial plot, coupled with the significant historical
value of the Land, the value is estimated in the region of RM1,000 psf. As a reference, a recent
transaction of a piece of seaview land on the row across the street without sea frontage was recorded
at RM1,107 psf.

Posted by tonywong8 > 2020-01-29 13:55 | Report Abuse

Suria Capital’s Entitlement
Suria Capital and GBGAQRS had agreed for Suria Capital’s Entitlement pursuant to the JVA
to be revised upward from the current 18% to 20% of the minimum Net Saleable Value
(“NSV”) of RM1.1 billion. This would translate to a minimum guaranteed amount of RM220
million.The rationale for the increase in Suria Capital’s Entitlement is that value of landbank within
the Kota Kinabalu Central Business District area has appreciated since the initial signing of
the JVA back in March 2015.
The spurt of economic growth in the Sabah State has transformed Kota Kinabalu into a thriving
hub of activities (GDP has risen by CAGR of 8.1% from 2015-2018). The average land prices
in the area has appreciated by an average of 80% to 100% resulting from the scarcity of
commercial land and the strong demand for prime location land in the CBD area. The rapid
surge in both domestic and international tourist arrivals boosted the demand for high-quality
hotel and this in turn caused the hotel room rates to increase significantly over the last 4 years
(tourist arrivals CAGR of 5.1% from 2015-2018).

Posted by tonywong8 > 2020-01-29 18:10 | Report Abuse

One Jesselton Waterfront Project consists of the following:

1) The 4-storey mall has total net lettable area of 390,000 square feet
with 2 basements that offers 1,180 carpark bays.
2) The 4-star hotel & spa will offer 400 guest rooms and suites, an 800-pax capacity ballroom,
and spa facilities.
3) The Grade A corporate office tower would span across 4 floors below the 4-star hotel & spa with net lettable area of 52,000 square feet.
4) The waterfront condominium would offer 330 units of impeccably designed dwellings with a total net sellable area of 423,400 square feet.
5) Serviced Residence: 325-unit fully-furnished serviced residences. Spread over 25-floors, there would be 175 Kota Kinabalu view units with modern loft design(approximately 550 square feet), providing the flexibility of having one open plan wide space and a bedroom with privacy. Facing the breath-taking harbour is 150 exclusive sea view units (688 square feet for typical units and 880 square feet for corner units) fitted with elegant bathtubs in master bathrooms overlooking the sea.

The value of Rm1.1 Billion NSV was based on 2015. Now, the value may be much higher and it means more value to Suria.

Posted by Nepo > 2020-01-31 17:12 | Report Abuse

Thanks tonywong8 for the long detail write up

Posted by k3nthiew > 2020-02-12 16:26 | Report Abuse

What happen today.... volume and price up sharply...

Posted by chkhooju > 2020-02-12 22:46 | Report Abuse

Will continue to surge northward tomorrow?

Posted by gohku > 2020-02-12 23:02 | Report Abuse

Why suddenly suria surge so much ?
Is it due to rumor of privatization ?

I heard some external party approach the State Government offering to take 51% stake offering about Rm 2.10 per share, anyone know anything about this development ?

Posted by ahteck85 > 2020-03-16 13:38 | Report Abuse

The market is ruthless, even Suria is not spared from the sell-off despite its stable business profile.

Posted by Nepo > 2020-03-18 10:16 | Report Abuse

Suria affected because less cargo loading and unloading due to economic recession as a result of coronavirus..

Posted by cherasman > 2020-04-16 18:14 | Report Abuse

Higher than normal trading volume today. What's up ?? Anyone has any idea ??

Posted by BornToSpeculate > 2020-04-17 16:04 | Report Abuse

I just joined the party :-)

Posted by aaabbbccc > 2020-04-17 20:37 | Report Abuse

why urusharta everyday dispose share ??

Posted by bhullar_1972 > 2020-04-17 21:13 | Report Abuse

aaabbbccc why urusharta everyday dispose share ??

They sold MMC shares at cheap price also below RM0.5...but then suddenly the share price go up...now already touch RM0.7. I think at this price it is save to collect...book value below 0.3....state own company....long term should be good....short term have to wait for urusharta volumes to be taken up.

Posted by chkhooju > 2020-04-17 22:11 | Report Abuse

When the selling dries up, Suria will shoot up.

Posted by aaabbbccc > 2020-04-18 21:16 | Report Abuse

ya lo.. this stock is for long term.. nt suit for short term

Posted by equitydiary > 2020-04-20 17:26 | Report Abuse

iCapital latest newsletter featured Suria as a Buy with ample margin of safety on offer:

- Minimum RM544 mil of future receivables from Jesselton Quay and Jesselton Waterfront is worth more than Suria’s market cap (RM311 mil).
- This means investors are getting Suria’s state-backed, cash-generating and unassailable monopoly-esque port operations in which it has invested over RM1 bil since privatisation for free.
- Net cash balance sheet and dividend yield of 5.6% are icing on the cake

Posted by Nepo > 2020-04-20 19:33 | Report Abuse

How to get future receivable 544 million?

1). Jesselton Quary project worth 1.8 billion, Suria will get 18% =324 million, of which 229 million already received in Year 2015, so balance receivable is only 95 million（324 million -229million)

2).One Jesselton Waterfront worth 1.1 billion, Suria will get 20% =220 million

So total future receivable is only 95million + 220 million =315 million only.

Could someone enlightenment?

Posted by equitydiary > 2020-04-20 21:48 | Report Abuse

Nepo, recognized as revenue in 2015 but went to trade receivables on balance sheet. Annual report notes has further details

Posted by davidkkw79 > 2020-04-20 22:07 | Report Abuse

So means Suria at least worth double to existing price ?

Posted by BornToSpeculate > 2020-04-21 08:26 | Report Abuse

Definitely undervalued. Only issue is why we think demand for this stock will increase now. It has been a steady counter for years and I can only see upside.

Posted by davidkkw79 > 2020-04-21 08:44 | Report Abuse

yes, something is brewing, its volume start to pick up

Posted by BornToSpeculate > 2020-04-21 08:47 | Report Abuse

I dont think we will lose much holding such a defensive counter and PE is low anyway with dividends. Anyone can share update on JV development Gabung AQRS for the Jesselton Waterfront project

Posted by Nepo > 2020-04-21 11:52 | Report Abuse

2nd largest shareholder, Lembaga Tabung Haji (i.e Urusharta) is disposing, while 3 rd largest shareholder Icapital Bhd is collecting.

Why disposing, guessing is shortage of fund as it has made deep shxt huge ....

Posted by tonywong8 > 2020-04-21 14:28 | Report Abuse

Go through the shareholders report, Urusharta' suria share cost was at Rm1.84 before bonus. After bonus issue, his cost was reduced to Rm1.54. If deducted off all his dividend collected over the years of about Rm0.54, his cost was still at Rm1.00. Therfore, he was cut lost for every shares he dumped to the market despite holding the shares for more than 12 years.

Posted by tonywong8 > 2020-04-21 16:08 | Report Abuse

Jesselton Quary project worth 1.8 billion was proposed on 2013 and One Jesselton Waterfront worth 1.1 billion was proposed on 2015. Both value were fixed at 5 to 7 years ago.

The spurt of economic growth in the Sabah State has transformed Kota Kinabalu into a thriving
hub of activities (GDP has risen by CAGR of 8.1% from 2015-2018). The average land prices
in the area has appreciated by an average of 80% to 100% resulting from the scarcity of
commercial land and the strong demand for prime location land in the CBD area.
One Jesselton Waterfront is an integrated waterfront development that sits on 6.28 acres of leasehold commercial land within the Jesselton Waterfont City (JWC) master plan. It is the last piece of prime commercial waterfront land in Kota Kinabalu’s Central Business District and is located next to the Jesselton Point Ferry Terminal and the International Cruise Terminal.

Situated on the most prime location of the commercial plot, coupled with the significant historical
value of the Land, the value is estimated in the region of RM1,000 psf. As a reference, a recent
transaction of a piece of seaview land on the row across the street without sea frontage was recorded at RM1,107 psf.

KOTA KINABALU, 16 MARCH 2015 – GABUNGAN AQRS BERHAD (“GBGAQRS”) and SURIA
CAPITAL HOLDINGS BERHAD (“SURIA”) today jointly announced the formalisation of a Joint
Venture Agreement (“JVA”) for the collaborative development of a lucrative mixed development,
aimed at capturing a slice of the sizeable property market potential of Sabah. The project which will be named One Jesselton Waterfront, is set to be constructed across a 6.28 acre plot of land within the vicinity of Kota Kinabalu Port with an estimated Net Sale Value (“NSV”) of RM 1.8 billion.

If we based on land value of Rm1107/psf, 6.28 acres will has the value of RM 303 million. If we based on RM 1.8 billion with 20% to Suria, the value will be RM 360 million.

For Jesselton Quary project, upto date, SBC is only developed 4 acres out of 16.25 acres. The future value of the project will be much higher than the signed RM 1.8 billions.

Posted by Nepo > 2020-04-21 17:16 | Report Abuse

It looks like Icap BHD deploys in enormous amount of fund and start accumulating this stock. Few years later when all the projects materialize, then it is the time to harvest.

Have bought some and start accumulating. A classic example of low risk high return.

Posted by tonywong8 > 2020-04-22 14:01 | Report Abuse

Urusharta may has left with 20000 lots to dump. About 93% of selling was dumped by Urusharta.
2019, Suria profit was 15.1 cents and dividend policy of minimum 35% of 15.1 cents was 5.29 cents less 2.5 cents paid at interim, so very soon Suria will declare 3.0 to 3.5 cents dividend soon.

Posted by tonywong8 > 2020-04-22 14:12 | Report Abuse

Usually, final dividend is announced before end of April and pay at month of July. Hope this year is no change as schedule.

Posted by Nepo > 2020-04-22 20:10 | Report Abuse

0.529/0.9 = 5.8% return

Posted by tonywong8 > 2020-04-23 10:24 | Report Abuse

Much better than Fixed Deposit which expected to drop to 2% by year end.

Posted by learnbyheart > 2020-04-23 12:52 | Report Abuse

almost one month accumulation phase at support price..anytime will shoot up as dividend announcement is around the corner.

Posted by rambolee > 2020-04-23 12:55 | Report Abuse

MOF dumping the share how come still up

Posted by learnbyheart > 2020-04-23 13:01 | Report Abuse

Urusharta Jamaah is throwing share at many other strong fundamental stock also (MMC Corp, Mahsing etc)

Posted by tonywong8 > 2020-04-23 15:24 | Report Abuse

Urusharta, very close to 5% share balance.

Posted by learnbyheart > 2020-04-23 15:32 | Report Abuse

yes..hopefully they clear all their share..let the price stable as before. tonight our PM will announce about MCO issue. hope that more industry can operate as the covid case subside. Port industry will be 1st to have positive impact

Posted by Nepo > 2020-04-23 16:20 | Report Abuse

Ah! Klse down, it hints that MCO will be extending..

Posted by learnbyheart > 2020-04-23 21:34 | Report Abuse

Port business is part of essential service anyway. They run business as usual

https://www.nst.com.my/news/nation/2020/04/580558/mco-20-only-10-listed-essential-services

Posted by Nepo > 2020-04-24 10:14 | Report Abuse

No choice, very unwillingly and forced me bought in during this turbulence time
cry..:(