DOCSLIB.ORG

IOI Properties Group (IOIPG MK) Buy Property - Real Estate Oper & Svcs Target Price: MYR3.50 Market Cap: USD2,464M Reference Price: MYR2.51

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
IOI Properties Group (IOIPG MK) Buy Property - Real Estate Oper & Svcs Target Price: MYR3.50 Market Cap: USD2,464M Reference Price: MYR2.51 Initiating Coverage, 9 January 2014 IOI Properties Group (IOIPG MK) Buy Property - Real Estate Oper & Svcs Target Price: MYR3.50 Market Cap: USD2,464m Reference Price: MYR2.51 Macro Risks 3 Coming Back With a Bang Growth . 3 0 Value . 02 0 . 03 0 We initiate coverage on IOIPG with a BUY rating and MYR3.50 FV. 0 IOIPG’s massive township developments – a segment less vulnerable to 0 sector cooling measures – will provide the company with sustainable 0 sales. IOI’s backing has benefitted IOIPG, with an easier source of landbank and high margins for property developments. Future value will be unlocked via a pool of investment assets worth >MYR2bn. A successful township developer. IOIPG is one of the largest listed developers in Malaysia. Almost all of its local projects are township developments – an important factor as demand for landed properties is typically more resilient. This segment is also less sensitive to the recent regulatory changes. IOIPG has MYR26bn worth of projects in the Klang Valley and Johor alone, representing almost 50% of total GDV. Overseas projects provide diversification. Overseas projects in Xiamen, China, and Singapore give IOIPG the flexibility to be responsive to changes in market conditions. The debut of the Xiamen project was successful, with all 480 units launched in Sept 2013 taken up. Earnings from China are expected to kick in from FY14 onwards. Backing of IOI means easier source of landbank. Another competitive advantage that IOIPG has over its peers is the backing of a strong parent company, IOI Corp (IOI MK, BUY, FV: MYR4.83) – a plantation company with 163,000ha of oil palm land in Malaysia. IOIPG has sourced landbank from IOI in the past and, due to the cheap land cost, Avg Turnover (MYR/USD) m/m the former’s gross margin is higher at 56-60% vis-à-vis peers 25-30%. Cons. Upside (%) na Upside (%) Further value unlocking potential via property investment assets. 52-wk Price low/high (MYR) - IOIPG has accumulated almost MYR2bn worth of property assets and Free float (%) 50 will add more to the pool, given its pipeline developments such as IOI City Mall, South Beach and Xiamen malls and offices. An asset monetisation exercise is expected in 3-5 years’ time. Shareholders (%) Tan Sri Dato’ Lee Shin Cheng * 44.9 Expect double-digit earnings growth. We expect FY14-15 earnings to grow at 13-15% per year, on the back of MYR1.2bn worth of unbilled sales and MYR20bn development GDV over the next three years. * Based on IOI’s latest shareholding BUY; FV at MYR3.50. Given IOIPG’s MYR8.1bn market cap at listing, Shariah compliant the company is qualified to be on investors’ radar screens. We initiate coverage on IOIPG with a BUY rating and MYR3.50 FV. Forecasts and Valuations Jun-11 Jun-12 Jun-13 Jun-14F Jun-15F Total turnover (MYRm) 1,171 1,052 1,323 1,579 1,883 Recurring net profit (MYRm) 725 600 694 786 901 Net profit growth (%) 3,186.8 (17.3) 15.6 13.3 14.7 EPS (MYR) 0.22 0.19 0.21 0.24 0.28 Loong Kok Wen CFA +603 9207 7614 DPS (MYR) 0.00 0.00 0.00 0.02 0.03 [email protected] Dividend Yield (%) 0.0 0.0 0.0 0.8 1.2 Return on average assets (%) - - 11.6 6.3 6.7 Return on average equity (%) - - 13.4 7.3 7.9 P/E (x) 11.2 13.6 11.7 10.3 9.0 P/B (x) - - 0.79 0.74 0.69 Net debt to equity (%) - - 1.2 Net cash Net cash Note: Based on MYR2.51 reference price Source: Company data, RHB estimates See important disclosures at the end of this report Powered by EFATM Platform 1 IOI Properties Group (IOIPG MK) 9 January 2014 Grown Bigger The history IOIPG is coming back in a bigger way with a larger market cap of about MYR8.1bn (based on a reference price of MYR2.51) vs MYR1.5-2bn prior to its delisting in 2009. The company was privatised four years ago as part of its efforts to pursue various landbank acquisitions. The stock was also fairly illiquid back then. During the period when it was solely held under IOI, IOIPG aggressively expanded, both locally and overseas. Today, IOIPG has a net asset base of MYR10.6bn (Sept 2008: MYR3.2bn) and a landbank size of about 14,000 acres, including 10,000 acres of development land, compared with about 5,000 acres previously. Experienced management team. Tan Sri Dato’ Lee Shin Cheng’s youngest son, Mr Lee Yeow Seng, has been appointed as IOIPG’s CEO. Prior to this, he was actively involved in corporate affairs and general management within the IOI group. Lee holds an LLB (honours) from King’s College London. IOIPG is led by a team of professionals – most of which are long-serving staff in IOIPG/IOI. Mr Teh Chin Guan is the property director. Before joining IOI in 2006, he held various senior positions in Berjaya Land (BL MK, NR). Teh now heads the day-to-day operations in the Klang Valley and participates in business planning with other directors. Ms Lee Yoke Har is the senior general manager of marketing and business development. She joined IOI as a legal executive in 1996 and was subsequently transferred to the property division. Lee is responsible for managing and implementing marketing and sales strategies for Klang Valley projects and overseeing the leasing and management of IOIPG’s investment properties. The board of directors of IOIPG consists of: i. Tan Sri Dato’ Lee Shin Cheng – executive chairman ii. Dato’ Lee Yeow Chor – executive director iii. Mr Lee Yeow Seng – executive director iv. Tan Sri Ong Ka Ting – senior independent non-executive director v. Dr Tan Kim Heung – independent non-executive director vi. Datuk Tan Kim Leong – independent non-executive director vii. Datuk Lee Say Tshin – independent non-executive director Overview of IOIPG IOIPG has four divisions: i) property development, ii) property investment, iii) leisure & hospitality – golf courses and hotels, and iv) plantations. The property development and investment divisions are the key earnings contributors, making up more than 90% of group profits. To date, IOIPG has a landbank size of about 14k acres, carrying a total GDV of over MYR50bn, based on our estimates. According to the management, the development GDV over the next three years amounts to MYR20.2bn (some land parcels have no development plans as yet). While exposure to the overseas market is minimal in terms of landbank size, the contribution is more material by GDV, ie local:overseas is equivalent to 57%:43%. Locally, most of IOIPG’s existing projects are located in the Klang Valley (Puchong) and Johor (Kulai). Prior to its listing, the internal restructuring exercise within IOIPG has seen the injection of new sizeable land parcels in Segamat and Tangkak (both in Johor) and in Bahau, Negeri Sembilan. Based on the latest FY13 numbers, almost 100% of the company’s topline comes from operations in Malaysia. Given its joint venture (JV) stake in projects in Singapore, earnings from these projects kick in only at the associate level. IOIPG will have a share base of about 3.2bn. Upon listing, IOIPG’s market cap could potentially surpass that of UEM Sunrise (UEMS MK, NEUTRAL, FV: MYR2.73). In terms of landbank size, total portfolio GDV and earnings base, the company is certainly comparable to top peers in the industry. Hence, it should be on investors’ radar screens for property exposure. Shareholding of the major shareholders post listing has yet to be confirmed, but Tan Sri Lee’s shareholding will likely be around 45%. See important disclosures at the end of this report 2 IOI Properties Group (IOIPG MK) 9 January 2014 Figure 1: Portfolio exposure by GDV Figure 2: Landbank exposure by region China Xiamen Singapore China Xiamen Klang Valley 5.7% 0.1% 0.4% 13.8% Klang Valley 26.9% Singapore 36.8% Johor Others 28.0% 57.7% Johor 22.0% Others 8.6% Source: Prospectus Source: Prospectus Figure 3: Revenue breakdown by division Figure 4: GP breakdown by division Plantation, Others, 1.4% Others, 1.0% Leisure & Plantation, 2.1% Leisure & 1.9% Hospitality, Hospitality, 6.6% 5.4% Prop. Invt, 8.0% Prop. Invt, 9.9% Prop. Dev, Prop. Dev, 82.5% 81.2% Source: Prospectus Source: Prospectus Figure 5: Ranking of top property developers Company Landbank (acres) Total GDV (MYR m) Market cap (MYR m) UEM Sunrise 12,561 81,154 10,754 IOIP ^ 14,081 52,734 8,130 SP Setia 5,384 98,670 7,106 Sunway 3,850 54,400 4,791 IJM Land 5,850 37,500 4,022 Mah Sing 1,500 16,191 3,195 UOAD 220 17,800 2,504 Market cap as at 8th Jan 2014 ^ Based on reference price at MYR2.51 Source: Company data See important disclosures at the end of this report 3 IOI Properties Group (IOIPG MK) 9 January 2014 Investment thesis At a MYR2.51 reference price, we see upside in the stock. The key four angles are: i. Township developments ensure sustainable demand and hence earnings ii. Overseas ventures providing diversification iii. The backing of IOI means an easier source of landbank iv. Further value-unlocking via property investment assets A successful township developer. IOIPG has about MYR26bn worth of ongoing and new township projects in the Klang Valley and Johor alone, making up almost half of the total portfolio GDV.
Load more

Recommended publications
  • Media Release Events & Happenings Go Shopping and Enjoy!
    MEDIA RELEASE EVENTS & HAPPENINGS GO SHOPPING AND ENJOY! 1MALAYSIA YEAR END SALE 2015 (14 NOVEMBER 2015 – 3 JANUARY 2016) It’s the year-end school holidays and festive season. A time to take a break, celebrate, chill out, dine and SHOP! Yes, shop, and now say 1MYES for 1Malaysia Year End Sale. It’s the biggest sale bonanza of the year with BIG bargains, BIG offers and BIG rewards at shopping outlets nationwide for nearly two months. That’s not all. Expect special deals and price cuts during back-to-school sales, which will bring huge relief to moms and dads. Bring the whole family and enjoy a fun day of outing. There are also special rewards for tourists, such as tourist privilege cards, tax-free shopping, gift redemptions with purchases and GST refund at exit points. A long line-up of events and activities awaits everyone. It will be a fun time for all. Contests, promotions, prize galore, songs and dances, art and crafts, Christmas shopping, meet and greet Santa, New Year’s Eve party and much more will build up the momentum before curtains call to say goodbye to 2015, and hello 2016! Don’t miss out on the fun. In fact 1MYES extends right into the New Year. Check out 1MYES special offers, events and happenings throughout the country. PENANG 1st Avenue Year End Sale Shop & Win Shopper Rewards (14 Nov 2015 to 3 Jan 2016) – Stand a chance to win exclusive holiday packages from Royal Caribbean cruise for 2 with same-day purchases of RM100 & above in a single receipt.
    [Show full text]
  • Annual Report 2020
    010 Notice of Annual General Meeting 013 Group Directory 016 Corporate Structure 018 Corporate Information 019 Group Financial Highlights and Five Year Financial Summary 020 Chairman’s Report and Management Discussion & Analysis 025 Directors’ Profile 031 Corporate Governance Overview Statement 039 Statement on Risk Management and Internal Control 043 Sustainability Statement 047 Report of the Audit and Risk Committee 051 Statement of Directors’ Responsibilities 053 Financial Statements 156 Analysis of Shareholdings 158 List of Properties ENCLOSED Proxy Form CONTENTS ANNUAL REPORT 2020 1. Our new AsterSpring Signature at Paradigm Mall, Malaysia 2. Our new AsterSpring at MidValley SouthKey, Malaysia 3. Our new flagship Dermalogica Consultation Pod at Langham Place, Hong Kong 4. Our new Ultimate Lift Therapy treatment launch with media and influencers 5. Receiving the Iconic Brand Award from Sisters Magazine 6. Our refurbished AsterSpring at HarbourFront Centre, Singapore 1 5 4 2 5 3 6 ANNUAL REPORT 2020 1 2 7 3 1. Our Clinelle 15th Anniversary media launch at Skypark Terminal, Malaysia 2. Launching the new Clinelle CaviarGold Treatment Concentrate 3. Launching Nurish Organiq Teen with our brand ambassador, Ellya Keesha 4. Receiving the Most Entrepreneur Brand Award at the Watsons Malaysia Most Wanted Awards 2019 5. Our Clinelle WhitenUp Beauty Empowerment Workshop 4 5 ANNUAL REPORT 2020 1. Launch of the Dermalogica PhytoNature Firming Serum with our Tribe 2. Launching the Dermalogica PhytoNature Firming Serum with media and influencers 3. Supporting our Tribe and consumers digitally during the Movement Control Order 4. Launching the Dermalogica PhytoNature Firming Serum in Singapore 5. Sustainable beauty campaign with Davines 6.
    [Show full text]
  • Issue 41 Free a Private Oasis with Full Lifestyle Facilities
    ISSUE 41 FREE A PRIVATE OASIS WITH FULL LIFESTYLE FACILITIES The Amigo Clubhouse is a private retreat built for the pleasure, relaxation and enjoyment of 16 Sierra residents; where everyday feels like a vacation. A place for you where every day feels like a vacation. Amigo Clubhouse NIRVANA YOGA Saturday Wednesday 8am - 9am 7pm - 8pm Member Fee: RM100 / month Non - Member Fee: RM130 / month ZUMBA Tuesday 7pm - 8pm Member Fee: RM90 / month Non - Member Fee: RM120 / month Complimentary RM50 F&B voucher Amigo Clubhouse @ 16 Sierra, Puchong South from Ritmo Brew Cafe for Persiaran Sierra Utama, 16 Sierra, 47120 Puchong, Selangor. every new membership registration. (not for free membership) 03-8940 9240 | [email protected] CONTENTS • ISSUE 41 • REACH OUT • 03 04 Editor’s Note 23 Earth Hour 05 Bite Away Your Foodprint 24-25 Merchants 06 Mid-Autumn Festival 28-29 World Environment Day 07 Tonnes of Trouble from 30 Food Security in Malaysia Municipal Sollid Waste 31 Love Note for Parents 08-09 Who is Maeko? CONTENTS 32 Sustainable Lifestyle 10-11 15 Simple Ringgit-Saving Food Waste Hacks 33 Recipes 12-13 My Save Food: Before It 34 Fantastic Deals All Goes to Waste 14-15 The Way We Eat Is Eating Away At The Planet 16-17 Soup Kitchen 18-21 IOI Active Citizens 22 Animal For Young And A Plus For Autism 4 • REACH OUT • ISSUE 41 • EDITOR’S NOTE EDITOR’S NOTE Malaysians love food; every street corner you walk, you will see a few stores selling food and one thing that really brings Malaysians together is food.
    [Show full text]
  • Dubuyo Malaysia Outlet Address
    DubuYo Malaysia Outlet Address State Location Address Kuala Lumpur DubuYo Sunway Lot No.4-84 & 88, Fourth Floor, Sunway Putra Mall Putra Mall, No.100 Jalan Putra, 50350 Kuala Lumpur Kuala Lumpur DubuYo Berjaya Lot 04-99 & 04-99A, 4th Floor, Berjaya Times Square Times Square, 1 Jalan Imbi, 55100 Kuala Lumpur Kuala Lumpur DubuYo Mid LG-048, Lower Ground Floor,Mid Valley Valley Megamall Lingkaran Syed Putra 59200 Kuala Lumpur Kuala Lumpur DubuYo, KL L6-R7 & L6-R7A, Level 6 Sogo (KL) SOGO Department Store, Kompleks SOGO,190 Jalan Tuanku Abdul Rahman, 50100 Kuala Lumpur Kuala Lumpur DubuYo Nu Unit L4.04, Level 4, Nu Sentral Sentral Shopping Centre, No. 201, Jalan Tun Sambanthan 50470 Kuala Lumpur Kuala Lumpur DubuYo Quill City LG-08, Lower Ground Floor, Quill City Mall Mall, No. 1018, Jalan Sultan Ismail, Kuala Lumpur Kuala Lumpur DubuYo Sunway B-22, Basement One, Sunway Velocity Velocity Mall, 80 Jalan Cheras, Maluri 5510 Kuala Lumpur Kuala Lumpur DubuYo Sungei Unit C23(B), Concourse Level, Sungei Wang Plaza Wang Plaza, Lot 6F-11, Jalan Bukit Bintang, 55100 Kuala Lumpur Selangor DubuYo Sunway Lot No. LG 2.92, Lower Ground 2, Pyramid Sunway Pyramid Shopping Mall, No.3 Jalan PJS 11/15, Bandar Sunway, 47500 Selangor Selangor DubuYo IOI Mall Lot EG8A & EG8B, Ground Floor Puchong IOI Mall Puchong, Bandar Puchong Jaya, 47170 Puchong, Selangor DubuYo Malaysia Outlet Address Selangor DubuYo The L1-80/81 & L1-80/81 (ORA), Level 1, Mines Mines Shopping Fair, 228 Jalan Dulang, Mines Resort City, 43300 Seri Kembangan, Selangor Putrajaya DubuYo IOI City Lot LG 44, Lower Ground Floor, IOI Mall City Mall, Lebuh IRC, IOI Resort City 62502 Putrajaya Pahang DubuYo, Kuantan GF-13 & 13A, Ground Floor, Kuantan City Mall City Mall, Jalan Putra Square 6/1, Putra Square25300 Kuantan, Pahang Pahang DubuYo, Genting Suite No.
    [Show full text]
  • Date: 16/07/11 SUNGAI PETANI VILLAGE: G-27,GRD FLR,LEGENDA VILLAGE MALL,JLN LEGENDA 1,LEGENDA HEIGHTS,08000 KEDAH Tel: 04-421 8190 - 10Am - 9Pm
    THUNDER MATCH TECHNOLOGY SDN BHD (541512-U) HQ/SHOWROOM: BERJAYA TIMES SQUARE LOT 02-28 (T2-08), 2ND FLOOR, No.1, JALAN IMBI, 55100 KUALA LUMPUR. Tel: 03-2148 2532 Fax: 03-2148 5532 10.30am - 9pm LOW YAT GRD FL: LOT G13A&G30&GK1&GK3,Grd FLR LOW YAT PLAZA,55100 KL Tel: 03-2141 5589 ext 201 Fax: 03-2141 5589 10am - 10pm LOW YAT 2ND FL: LOT 2-33,2nd FLOOR LOW YAT PLAZA,55100 KL Tel: 03-2142 2589 ext 206 Fax: 03-2142 2589 10am - 10pm LOW YAT 3RD FL: LOT 3-IT-1,3rd FLOOR LOW YAT PLAZA,55100 KL Tel: 03-2145 5589 ext 210 Fax: 03-2145 5589 10am - 10pm LOW YAT 4TH FL: LOT 4-21,4th FLOOR LOW YAT PLAZA,55100 KL Tel: 03-2142 5589 Fax: 03-2142 5532 11am - 8.30pm IMBI PLAZA GRD FL: LOT G42-G44,GROUND FLOOR IMBI PLAZA,JLN IMBI,55100 KL Tel: 03-2142 2089 Fax: 03-2142 0089 10:30am - 8pm DIGITAL MALL PJ: LOT G02& LOT 2-03,04&05,DIGITAL MALL,SS 14,46100 PJ Tel: 03-7954 5589 Fax: 03-7957 5589 11am - 9pm JUSCO CHERAS SELATAN: F02,AEON CHERAS SELATAN SHOPPING CENTER,43200 BALAKONG Tel: 03-9076 0089 Fax: 03-9076 0089 11am - 8pm MID VALLEY MEGAMALL: LOT S-089, 2ND FLR, MID VALLEY MEGA MALL, LINKARAN SYED PUTRA, 59200 KL Tel: 03-2284 1089 Tel: 03-2284 1089 MINES RESORT CITY: No. L4-19, LEVEL 4 MINES SHOPPING FAIR,JLN DULANG,MINES RESORT CITY,43300 Selangor Tel: 03-8941 4325 Fax: 03-8941 4325 10am - 10pm IOI MALL PUCHONG: DW-S33/33A,2ND FLR DIGITAL WORLD,BATU 9,BANDAR PUCHOING JAYA,47100 PUCHONG Tel: 03-8075 1632 - 11am - 9pm ALAM SENTRAL: LOT 4.01,4th FLOOR,PLAZA ALAM SENTRAL,JALAN MAJLIS,SEKSYEN 14,40000 SHAH ALAM Tel: 03-5513 6089 Fax: 03-5513 6089 10am - 10pm
    [Show full text]
  • For Sale - Bromelia @ Puchong IOI Mall, Bandar Puchong Jaya, Puchong, Selangor
    iProperty.com Malaysia Sdn Bhd Level 35, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur Tel: +603 6419 5166 | Fax: +603 6419 5167 For Sale - Bromelia @ Puchong IOI Mall, Bandar Puchong Jaya, Puchong, Selangor Reference No: 102367054 Tenure: Freehold Address: Bukit Puchong, Setia Walk, Land Title: Residential Bandar Puteri, Bandar Kinrara, Property Title Type: Strata Puchong Utama, Taman Equine, 16 Sierra, Puchong Posted Date: 24/07/2021 South, Cyberjaya, LRT, MRT, Property Features: Air conditioner,Kitchen Puncak Jalil, Putra Heights, cabinet,Balcony,Bath Bandar Sunway, Subang Jaya, tub,Garden,Garage Bukit Jalil, Taman OUG, Sri Petaling, Putrajaya, KL, , Bromelia @ Puchong IOI Mall, Bandar Puchong Jaya, 47100, Name: CK Teh Selangor Company: Private Advertiser State: Selangor Email: [email protected] Property Type: 2-sty Terrace/Link House Asking Price: RM 925,214 Built-up Size: 1,800 Square Feet Built-up Price: RM 514.01 per Square Feet Land Area 20 x 65 Dimension: No. of Bedrooms: 4 No. of Bathrooms: 3 FREEHOLD 2 Storey Landed House Located at Bukit Puchong **10 mins to IOI MALL Puchong*** New Launch Project - 90% SOLD LIMITED Units Available only. Freehold Gated & guarded community Grand Entrance Hilltop 24 Hours Security Central Park Low Density with 137 units Tropical Inspired Easy accessibility to PJ/ KLCC Nature Inspired Landscapes Unit Type : 2 Storey Link House Land Area : 20x65 Build up :1800sf Type : 4R 3B 3 Storey Cluster Semi D Land Area : 30x60 Build up : 2025sf Type : 5R 5B 3 Storey Semi D Land Area : 40x80 Build up : 3900sf Type : 6R 7B 3 Storey Semi D Land Ar...
    [Show full text]
  • IOI Properties Group Berhad Initiate with NEUTRAL Largest Listed Property Developer in Malaysia Target Price (TP): RM2.65
    04 August 2016 | Initiate Coverage IOI Properties Group Berhad Initiate with NEUTRAL Largest listed property developer in Malaysia Target Price (TP): RM2.65 INVESTMENT HIGHLIGHTS • Largest listed property developer in Malaysia • Potential beneficiary of MRT 2 and High Speed Rail RETURN STATS • Sustainable income from investment properties Price (3 Aug 2016) RM2.40 • Estimating FY16/FY17 property sales of RM1.8b/RM2.3b Target Price RM2.65 • Outlook moderated by subdued Singapore property market Expected Share Price • Initiate with Neutral and TP of RM2.65 +10.4% Return Largest listed property developer in Malaysia. IOI Properties Expected Dividend Yield +2.5% Group Berhad (IOIPG) is the largest listed property developer in Malaysia by market capitalisation. Note that its market cap of RM10.5b is Expected Total Return +12.9% higher than SPSETIA’s RM8.0b (refer Figure 1 in Page 2). Potential beneficiary of MRT 2 and High Speed Rail. IOIPG is a STOCK INFO potential beneficiary of MRT2 project as one of MRT2 stations will be located in its township project - 16 Sierra. Meanwhile, IOIPG should also KLCI 1,648.50 benefit from the proposed Kuala Lumpur-Singapore High Speed Rail Bursa / Bloomberg 5249/IOIPG MK (HSR) as one of the eight stations will be located in Ayer Keroh where IOIPG owns 1,338 acres of landbank. Board / Sector Main/Properties Sustainable income from investment properties. IOIPG derives Syariah Compliant Yes recurring income from investment properties by leasing out office building and retail space. Income from investment properties contributed Issued shares (mil) 4,411.22 to 14% to total operating profit in FY15.
    [Show full text]
  • Ioi Property
    CONTENTS 02 BERITAIOI PROPERTY 10 South Beach’s Topping Out of its South Tower COVER FEATURE Top 10 in A Whole New Perspective of Tastes, Trends and Adventures 04 at IOI City Mall 11 Four Points by Sheraton Puchong Opens for Business Service Ownership for IOIPG’s Frontliners 12 More Service Champions! Family Fun Ride at 16 Sierra CORPORATE UPDATES Fostering Neighbourliness in 06 Q1 Earnings for IOIC and IOIPG 13 Bandar Putera 2 Klang Aflac Visits Sagil Estate Family Fun Christmas Party @ The Cube 07 Higher Productivity with EFB & POME Application 14 IOIPG Wows Crowd at MAPEX 2014 Pamol Kluang Awarded Best Employer Whimsical Fairytale at Alpinia Showhouse 15 Living at D’Summit of Luxury HUMAN RESOURCE DEVELOPMENT Used Computers Put to Good Use OLEOCHEMICALS 16 Customer Visits to IOI Pan-Cen Oleo 08 IOI Oleo Wins Responsible Care Awards Brand Yourself and STAND OUT! 09 Effective Leaders Lead the Way 17 Launch of SHE Campaign 2014 Hazard Assessment at Workplace 18 Cohesive ERT Training CI Project Teams Recognised for Excellence PUBLISHED BY WEBSITE PRINTED BY IOI Group www.ioigroup.com ST ENTERPRISE Two IOI Square, IOI Resort, www.ioiproperties.com.my AS 8, Jalan Hang Tuah 1, 62502 Putrajaya, Malaysia. EDITOR Salak South Garden, Tel: 03.8947.8888 Karen Liew 57100 Kuala Lumpur. Fax: 03.8947.8958 DEPUTY EDITOR Carine Yap EDITOR’S NOTE EDIBLE OILS BERITAIOI 03 19 New Sustainable Palm Oil Policy for IOILC 1,000,000 Tons of Sustainable Palm Oil Milestone for IOILC Europe EDITOR’S NOTE 20 Striving Towards Vision 2025 2014 was indeed an eventful year for IOI Group amidst the many economic and political challenges faced by our country.
    [Show full text]
  • Johor Outlet Status Opening Closing Foodpanda Order Starts
    Johor Outlet Status Opening Closing Foodpanda Order Starts Foodpanda Order Close GrabFood Order Starts GrabFood Order Close Aeon Kempas Close Aeon Bukit Indah Open 11:00 20:00 12:00 19:00 12:00 19:00 City Square Close KSL City Open 11:00 20:00 12:00 19:00 12:00 19:00 Aeon Kulai Jaya Open 11:00 20:00 12:00 19:00 12:00 19:00 Kluang Mall Open 10:00 22:00 Komtar JB Open 11:00 20:00 12:00 19:00 12:00 19:00 Mid Valley Southkey Open 11:00 20:00 12:00 19:00 12:00 19:00 Aeon Bandar Dato’ Onn Open 10:00 18:00 12:00 19:00 12:00 19:00 Kedah Outlet Status Opening Closing Foodpanda Order Starts Foodpanda Order Close GrabFood Order Starts GrabFood Order Close Aman Central Open 11:00 20:00 12:00 19:00 12:00 19:00 Kelantan Outlet Status Opening Closing Foodpanda Order Starts Foodpanda Order Close GrabFood Order Starts GrabFood Order Close Aeon Kota Bahru Open 11:00 20:00 12:00 19:00 12:00 19:00 Melaka Outlet Status Opening Closing Foodpanda Order Starts Foodpanda Order Close GrabFood Order Starts GrabFood Order Close Aeon Bandaraya Melacca Open 11:00 20:00 12:00 19:00 12:00 19:00 A'famosa Malacca Open 11:00 20:00 12:00 19:00 N.Sembilan Outlet Status Opening Closing Foodpanda Order Starts Foodpanda Order Close GrabFood Order Starts GrabFood Order Close Aeon Seremban Open 11:00 20:00 12:00 19:00 12:00 19:00 Pahang Outlet Status Opening Closing Foodpanda Order Starts Foodpanda Order Close GrabFood Order Starts GrabFood Order Close Kuantan City Mall Open 11:00 20:00 12:00 19:00 12:00 19:00 Penang Outlet Status Opening Closing Foodpanda Order Starts Foodpanda
    [Show full text]
  • Kenny Rogers Roasters Outlet
    storeName cityName address postCode contact （e.g：56789003） Berjaya Waterfront Complex Johor Darul Takzim Lot No. 1-29 & 1-30, Level 11, Berjaya Waterfront Complex Johor Bahru, No.88, Jln Ibrahim Sultan 80300 07-2200327 Tesco Tebrau City Johor Darul Takzim Lot G-6, Ground Floor, No.1, Persiaran Desa Tebrau, Taman Desa Tebrau, 81100 Johor. 81100 03-2119 9888 Kluang Mall Johor Darul Takzim Lot G-16, Ground Floor Kluang Mall, Jalan Rambutan 86000 07-771 5130 KRR Express JPO Johor Darul Takzim Stall No.12, Johor Premium Outlets, Jalan Premium Outlets, Indahpura, 81000 Kulai, Johor Darul Takzim, Malaysia. 81000 012-390 7323 Paradigm Mall Johor Bahru Johor Darul Takzim Lot. UG-23A, Upper Ground Floor, Paradigm Mall Johor Bahru Jalan Skudai, 81200 Johor Bahr 81200 07-232 7845 The Mall, Mid Valley Southkey Johor Darul Takzim LG-052, Level LG, Mid Valley Southekey, No. 1, Persiaran Southkey 1, 80150 Johor Bahru. 80150 07-3364036 Plaza Angsana Johor Darul Takzim L2, 2.49, Kompleks Plaza Angsana, Pusat Bandar Tampoi, Johor Bahru, 81200 Johor D.T. 81200 07-236 9097 Sunway Big Box Village Johor Darul Takzim G-L-13, Ground Floor, Sunway Big Box Village Pusat Komersial Sunway Marketplace, Persiaran Medini 6, Sunway Iskandar, Bandar Medini Iskandar, 7925079250 Iskandar03-2119 Puteri, 9888 Johor Darul Ta�zim. Aman Central Kedah Lot LG-09 & LG-10, Lower Ground Floor, No 1, Aman Central, Lebuhraya Darul Aman, 05100 Alor Setar, Kedah 5100 03-2119 9888 Lagenda Village Mall Kedah Lot G-19 & G-20, Ground Floor, Legenda Village Mall, Jalan Lagenda Heights, 08000 Sg.Petani, Kedah 8000 04-4240475 AEON Kota Bharu Kelantan Lot G36, Ground Floor, AEON Mall Kota Bharu Kampung Sireh, Jalan Jambatan Sultan Yahya Petra 15050 09-740 5526 Tesco, Kota Bahru Kelantan Lot G-13, Ground Floor, Tesco Kota Bahru, Lot 1828, Seksyen 17, Bandar Baru Kota Bahru, 15050 Kelantan 15050 09-742 1026 AEON AU 2, Ampang Kuala Lumpur Lot G-69, Ground Floor, AEON Au2 Shopping Centre, No.
    [Show full text]
  • PB Privileges @ Himalaya Terms and Conditions
    PB Privileges @ Himalaya Terms and Conditions 1. This Promotion is open to all Public Bank Credit/ Debit Cardmembers including PB Lifestyle Cardmembers and Public Islamic Bank Credit Cardmembers, employees of the Public Bank Group, PB Subsidiaries, PB’s advertising agencies and their immediate families (“PB Cardmembers”). 2. PB Cardmembers will enjoy the following offers/privileges: Offer 1: Valid from 23 April to 30 June 2021 RM26.98 on Olive Extra Nourishing Skin Cream 150ml (NP: RM41.10) Offer 2: Valid from 1 May 2021 to 30 April 2022 15% OFF on normal-priced Himalaya items 3. This promotion is only valid at all Himalaya outlets. 4. Offer 1 and offer 2 cannot be combined. 5. The offers are not applicable with other discounts / loyalty cards / corporate / complimentary gift vouchers and other on-going promotions. 6. All payment must be made through PB Credit Card / PIB Credit Card-i and PB Debit/ Lifestyle Card during the stipulated Promotion Period at Himalaya outlets as follows: Klang Valley: Mid Valley Megamall Tel: 03-22881581 1 Utama Shopping Mall Tel: 03-77104761 Suria KLCC Tel: 03-21641296 Sunway Pyramid Tel: 014-9389415 IOI Mall Puchong Tel: 010-2082574 Empire Shopping Gallery Tel: 016-7936463 Wangsa Walk Mall Tel: 010-2082437 Setia City Mall Tel: 010-2082947 Subang Parade Tel: 013-7944899 D’Pulze, Cyberjaya Tel: 016-5846185 IOI City Mall Putrajaya Tel: 03-83280704 Setapak Central Tel: 010-2082481 Gamuda Walk, Kota Kemuning Tel: 010-2082069 Sunway Putra Mall Tel: 03-40511875 Atria Shopping Gallery Tel: 011-16933044
    [Show full text]
  • Plastic Does Not Go Away
    ISSUE 39 FREE plastic does not go away... The Last Straw • Water Fasting • How To Choose Safer Plastic Beauty Through Toxicity • Active Citizen Workshop CONTENTS • ISSUE 39 • REACH OUT • 3 04 Letter from Editor 05 Where To Take Your Tech Trash 06 How Many Plastics Are There Contest 07 Plastic Water Bottle Consumption In Malaysia 08-10 The Devil In The Deep Blue Sea 11-13 The Last Straw 14 How to Choose Safer Plastic Page 20-21 15 10 Ways To Unpackage Your Life 16-17 Water Fasting 18-19 KLEFF Ecofilm Fest 20-21 Beauty Through Toxicity 22-23 Plastic Made Fantastic 24-25 Feature Merchants 26 Launching Of IOI Galeria & Brother Of The Year Mall Appearance 27 Earth Hour 28 The Lost Food Project Page 11-13 29 Active Citizen Workshop 30 Amigo Club House 31 Microbeads 32 IOI Sustain Day CONTENTS 33 Recipe 34 Deals & Freebies Page 8-10 Page 18,19 Page 32 4 • REACH OUT • ISSUE 39 • EDITORS NOTE Warmest greetings! We are now heading towards the 2nd half of the year and soon it is time to reflect on the year that was for all of us. Try asking yourself how ‘Green’ were you this year in helping conserve Mother Nature? In this issue, we feature all things plastic. Read about the Tak Nak Straw initiative, where to recycle your plastics and what is considered safe plastics in issue #39. Let’s all try to do our part to help save Mother nature. Letter, from the Editor image credit: freepik.com STAY ON TOP OF THE LATEST NEWS I N YOUR COMMUNITY ! WE ARE ON DIGITAL VERSION! Staying connected with you is very important to us.
    [Show full text]