The Group will continue to focus on its core business in property development and realty businesses by leveraging the continuous development of its existing land banks. Although the long-term prospects of these businesses are favourable, the Group expects the results to remain challenging due to gestation period of new projects and the current economic climate.
The company is focused on its maiden niche destination development project called "Silverlakes" located in the Kinta Valley of Perak namely in the Batu Gajah vicinity with a total land area of 511 acres. The project is a tourism centric development and will consist of a lakeside premium brand outlet mall, 4 star business and convention hotel, food and beverage outlets, lakeside residences, exclusive pool villa resort and retreat holiday homes and retirement enclave for the discerning locals and foreigners.
Silverland Capital executive chairman Datuk Azizan Abdul Rahman, who is the majority shareholder, said the Silverlakes Brand Village project would not only spur tourism growth in Perak, but also provide economic growth and employment opportunities to the greater Kinta Valley population.
“We have the option of purchasing the land and have purchased more than 10% of the land from Maju Perak,” he said, adding that the location had a big catchment area, which includes potential visitors from Kuala Lumpur, Penang and the locals in Perak.
testing resistance 335 again for the 6 or 7th time this month...may bcome new support level and could spring a surprise soon given that perak transit needs to acquire lands as stated in starbizness today. So some deals may be made btw them...next stop 365/039 rsi neutral at 52% trading above its 50macd but in line with 20macd....strong buy support level @ 0.29
Rustam apandi appointed on 1.4.17 as executive managing director, he is present PKNP general manager ,acting & deputy ceo. .Rustam is a very capable person, i believe he got good planning for the company. Net assets b4 revalue is Rm 1.10, i stuck for more than 3 yrs @ 0.481.wish can push up to above Rm 1.00. CHEERS for every one make big money
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....
paperplane2016
21,667 posts
Posted by paperplane2016 > 2016-08-02 11:13 | Report Abuse
7% div yield