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Forging Sustainable Gr Wth
FORGING SUSTAINABLE GR WTH ANNUAL REPORT 2018 KEY +HIGHLIGHTS 2 20.4% CORPORATE PROFILE REVENUE GREW TO RM400.7 MILLION +12.4% EBITDA GREW TO RM127.1 MILLION CHAIRMAN’S STATEM4ENT +10.9% PROFIT BEFORE TAXATION INCREASED TO RM75.1 MILLION +1.2 Sen EARNINGS PER SHARE HIGHER AT 15.3 SEN 10 MANAGEMENT DISCUSSION & ANALYSIS INSIDE THIS REPORT Corporate Profile 2 Our Vision, Mission & Core Values 3 Chairman’s Statement 4 Management Discussion and Analysis 10 Group’s Performance 5-Year Financial Highlights 30 Group Corporate Structure 32 Corporate Information 34 Board Committees 35 Board of Directors 36 Suria in the News 68 Board of Directors’ Profile 38 Share Price and Volume Traded 2018 70 Executive Management Committee Members’ Profile 46 Statement on Corporate Governance 71 Summary of Sustainability Report 2018 50 Additional Compliance Information 92 Highlights of Corporate Events 64 Statement on Risk Management and Internal Control 93 Highlights of Investor Relations Events 66 Audit Committee Report 106 Financial Statements 110 List of Properties 222 Shareholders’ Information 225 Notice of Annual General Meeting 228 Statement Accompanying Notice of Annual General Meeting 231 Proxy Form • COVER RATIONALE The strategic location of the State of Sabah within the BIMP-EAGA region and access to global connectivity are key in various facets of SuriaGroup’s business growth. The map of the State of Sabah symbolises the impact that SuriaGroup has had on Sabah’s development over the years with strong support from its Board of Directors, employees, stakeholders and shareholders. The compass symbolises SuriaGroup’s focus in delivering value from its strategic businesses and is poised to venture into new business spheres as it pursues new opportunities. -
Real Estate Highlights Kuala Lumpur - Penang - Johor Bahru • 1St Half 2008
Research Real Estate Highlights Kuala Lumpur - Penang - Johor Bahru • 1st Half 2008 Contents Kuala Lumpur Hotel • Condominium Market 2 • Office Market 5 • Retail Market 8 • Hotel Market 10 Penang Property Market 12 Retail Johor Bahru Property Market 14 Residential Office Executive Summary Kuala Lumpur • The high end condominium market stabilised in the first half of 2008 in terms of take up, capital values and rentals. • Rentals and occupancies of prime offices continued to rise due to the current tight supply of good quality office buildings. • Several retail centres located at fringes of KL City are undergoing refurbishment works to remain competitive. • The performance of the hotel industry had been resilient attributed to high tourist arrivals and receipts, which led to the increase in average room rates and occupancies. Penang • Most of the high end condominium projects which are nearing completion have been sold, with prices being revised upwards. • The retail industry performed well with higher tourist arrivals in Penang. • The asking rentals of newly completed offices with better IT facilities are ranging from RM2.50 to RM3.50 per sq ft per month. Johor • The high end residential market is gaining momentum with the positive development of Iskandar Malaysia. • Prime retail centres continued to enjoy growth in rentals and occupancies. • Office sector remains healthy at an average occupancy of 70%. 2 Real Estate Highlights - Kuala Lumpur | Penang | Johor Bahru • 1st Half 2008 Knight Frank Figure 1 Projection of Cumulative Supply Kuala Lumpur High End Condominium Market for High End Condominium (2008 - 2010) Market Indications 30,000 The high end condominium market generally stabilised during the first six months of the year with one 25,000 notable new project, The Regent Residences (across Twin Towers), recording prices in excess of RM2,500 per sq ft. -
Disclosure Guide
WEEKS® 2021 - 2022 DISCLOSURE GUIDE This publication contains information that indicates resorts participating in, and explains the terms, conditions, and the use of, the RCI Weeks Exchange Program operated by RCI, LLC. You are urged to read it carefully. 0490-2021 RCI, TRC 2021-2022 Annual Disclosure Guide Covers.indd 5 5/20/21 10:34 AM DISCLOSURE GUIDE TO THE RCI WEEKS Fiona G. Downing EXCHANGE PROGRAM Senior Vice President 14 Sylvan Way, Parsippany, NJ 07054 This Disclosure Guide to the RCI Weeks Exchange Program (“Disclosure Guide”) explains the RCI Weeks Elizabeth Dreyer Exchange Program offered to Vacation Owners by RCI, Senior Vice President, Chief Accounting Officer, and LLC (“RCI”). Vacation Owners should carefully review Manager this information to ensure full understanding of the 6277 Sea Harbor Drive, Orlando, FL 32821 terms, conditions, operation and use of the RCI Weeks Exchange Program. Note: Unless otherwise stated Julia A. Frey herein, capitalized terms in this Disclosure Guide have the Assistant Secretary same meaning as those in the Terms and Conditions of 6277 Sea Harbor Drive, Orlando, FL 32821 RCI Weeks Subscribing Membership, which are made a part of this document. Brian Gray Vice President RCI is the owner and operator of the RCI Weeks 6277 Sea Harbor Drive, Orlando, FL 32821 Exchange Program. No government agency has approved the merits of this exchange program. Gary Green Senior Vice President RCI is a Delaware limited liability company (registered as 6277 Sea Harbor Drive, Orlando, FL 32821 Resort Condominiums -
For Sale - Birch Regency @ Penang Times Square, Georgetown, Penang
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 - Birch Regency @ Penang Times Square, Georgetown, Penang Reference No: 101271678 Tenure: Freehold Address: Jalan Dato' Keramat, Occupancy: Vacant Georgetown, 10150, Penang Furnishing: Fully furnished State: Penang Land Title: Residential Property Type: Serviced Residence Property Title Type: Strata Asking Price: RM 600,000 Posted Date: 12/09/2021 Built-up Size: 950 Square Feet Facilities: BBQ, Parking, Jogging track, Built-up Price: RM 631.58 per Square Feet Playground, Business centre, No. of Bedrooms: 2 Gymnasium, Mini market, Salon, Swimming pool, 24-hours Name: Desmond Low No. of Bathrooms: 2 security, Club house, Jacuzzi, Nursery, Wading pool, Company: Big Plus Properties (Penang) Cafeteria, Shuttle bus Sdn. Bhd. Property Features: Kitchen cabinet,Air conditioner Email: [email protected] Birch Regency located at Times Square,Georgetown. Near to Birch Plaza , Komtar, Dato Kramat, Gama, 1st Avenue, Prangin Mall, Sandiland, Ocean View and The Rise Collection 2. -950 sqft with 2 bedrooms and 2 bathrooms -Fully Renovated and Fully Furnished with Aircons, cooking stuff, fridge and washing machine. - Middle floor facing Komtar and Seaview. -1 covered car park -Well maintain and Move in condition. -Freehold unit, View to Ofer. Only asking Rm600k negotiable for serious Buyer. Call or WhatsApp Mr. Desmond 0164661104 for viewing and details. Few different units available accordin.... [More] View More Details On iProperty.com 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 - Birch Regency @ Penang Times Square, Georgetown, Penang. -
Property Market 2013
Property Market 2013 www.wtw.com.my C H Williams Talhar and Wong 30.01, 30th Floor, Menara Multi-Purpose@CapSquare, 8 Jalan Munshi Abdullah, 51000 Kuala Lumpur Tel: 03-2616 8888 Fax: 03-2616 8899 KDN No. PP013/07/2012 (030726) Property Market 2013 www.wtw.com.my C H Williams Talhar and Wong 30.01, 30th Floor, Menara Multi-Purpose@CapSquare, 8 Jalan Munshi Abdullah, 51000 Kuala Lumpur Tel: 03-2616 8888 Fax: 03-2616 8899 KDN No. PP013/07/2012 (030726) CH Williams Talhar & Wong established in 1960, is a leading real estate services company in Malaysia & Brunei (headquartered in Kuala Lumpur) operating with 25 branches and associated offices. HISTORY Colin Harold Williams established C H Williams & Co, Chartered Surveyor, Valuer and Estate Agent in 1960 in Kuala Lumpur. In 1974, the company merged with Talhar & Co, a Johor-base Chartered Surveying and Valuation company under the sole-proprietorship of Mohd Talhar Abdul Rahman. With the inclusion of Wong Choon Kee, in a 3-way equal partnership arrangement, C H Williams Talhar and Wong was founded. PRESENT MANAGEMENT The Group is headed by Chairman, Mohd Talhar Abdul Rahman who guides the group on policy de- velopments and identifies key marketing strategies which have been instrumental in maintaining the strong competitive edge of WTW. The current Managing Directors of the WTW Group operations are: C H Williams Talhar & Wong Sdn Bhd Foo Gee Jen C H Williams Talhar & Wong (Sabah) Sdn Bhd Robin Chung York Bin C H Williams Talhar Wong & Yeo Sdn Bhd (operating in Sarawak) Robert Ting Kang Sung -
Product Highlights Sheet
MANAGER SAHAM SABAH BERHAD 199401017740 (303418-V) PRODUCT HIGHLIGHTS SHEET DATE OF ISSUANCE: 9 MARCH 2021 SAS - PRODUCT HIGHLIGHTS SHEET This Product Highlights Sheet only highlights the key features and risks of the Fund. Investors are advised to request, read and understand the Prospectus of the Fund before deciding to invest. RESPONSIBILITY STATEMENT This Product Highlights Sheet has been reviewed and approved by the Directors and/or authorised committee and/or persons approved by the Board of Saham Sabah Berhad and they collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable enquiries, they confirm to the best of their knowledge and belief, there are no false or misleading statements, or omission of other facts which would make any statement in the Product Highlights Sheet false or misleading. STATEMENT OF DISCLAIMER The Securities Commission Malaysia has authorised the issuance of SAHAM AMANAH SABAH and a copy of this Product Highlights Sheet has been lodged with the Securities Commission Malaysia. The authorization of the SAHAM AMANAH SABAH and lodgement of this Product Highlights Sheet, should not be taken to indicate that the Securities Commission Malaysia recommends the SAHAM AMANAH SABAH or assumes responsibility for the correctness of any statement made or opinion or report expressed in this Product Highlights Sheet. The Securities Commission Malaysia is not liable for any non-disclosure on the part of SAHAM SABAH BERHAD who is responsible for the SAHAM AMANAH SABAH and takes no responsibility for the contents of this Product Highlights Sheet. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this Product Highlights Sheet, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents. -
Newsletter November 2018 Pph 324/10/2012 (031059) - 106/18
Newsletter November 2018 pph 324/10/2012 (031059) - 106/18 Greetings! When the weather in the South and in order to improve the overall environment of North of the Earth are going towards hot and Centre Point Sabah. We will also set up a new cold, this reminds people that the year is com- Food Court on 5th Floor which will be called as ing to an end. Although KK has not shown any Food Eden and to concentrate on the manage- significant changes of seasons, the pace of time ment of the Carpark and Palm Square, as well will still be moving along with the world. Since as to organize more activities and to cooperate November 2018, Centre Point Sabah has also with other parties such as Travel Agencies, Grab started a series of progressive changes, these Car and the nearby Hotels in order to attract GMs include the enhance of the outlook of the ex- more shoppers especially foreign tourists to our terior wall and Logo, re-painting of CPS Tower, shopping mall, so as to increase more business changing of the key parts of the public cargo lifts opportunities to shop operators of Centre Point Word etc. All these are estimated to be completed by Sabah. The above changes are only the begin- December 2018 or January 2019. In the coming ning, have you seen or felt the changes? The di- few years, we will cooperate with the budget of rection of this change is inevitable and will be on MC(Management Corporation) to carry out the going continuously, and I hope that all shop op- renovation work of the public toilet of City Pa- erators can change and improve together. -
Malaysia Real Estate Highlights
RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2017 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET Subdued high-end condominium market with developers scaling ECONOMIC INDICATORS 44.3%). Meanwhile, 1Q2017 also saw a back on new property launches marginal increase in the total outstanding / amid continued weak demand. Malaysia’s economy rebounded in non-performing loans in the housing sector 1Q2017 with Gross Domestic Product to RM5.54 billion (4Q2016: RM5.41 billion). (GDP) expanding at 5.6% (4Q2016: With potential purchasers and 4.5%), driven mainly by higher private investors waiting on the side- expenditure. For 2017, the country’s GDP lines, developers continue to growth forecast range between 4.3% and tweak their marketing strategies 4.8%, supported by gradual improvement to sustain earnings through in the global economy and domestic “stock clearing” of completed demand. and on-going projects. Headline inflation for 1Q2017 was higher at 4.3% (4Q2016: 1.7%), driven mainly Limited completions of high- by high transportation cost. The annual end condominiums / residences inflation for 2017 is expected to be in the during the review period. region of 3.0% to 4.0% (2016: 2.1%). The labour market condition for 1Q2017 Secondary pricing in selected remained stable, with the unemployment locations remained flat while rate of 3.5% (4Q2016: 3.5%). rentals continued to be under To remain accommodative to economic pressure. activity and to support domestic demand, Bank Negara Malaysia (BNM) continued China’s capital control impact to maintain the Overnight Policy Rate projects targeting buyers from (OPR) at 3.0%. -
Malaysia Real Estate Highlights
RESEARCH REAL ESTATE HIGHLIGHTS 2ND HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET Despite the subdued market, there were noticeably more ECONOMIC INDICATORS launches and previews in the TABLE 1 second half of 2016. Malaysia’s Gross Domestic Product Completion of High End (GDP) grew 4.3% in 3Q2016 from 4.0% Condominiums / Residences in in 2Q2016, underpinned by private 2H2016 The secondary market, however, expenditure and private consumption. continues to see lower volume Exports, however, fell 1.3% in 3Q2016 of transactions due to the weak compared to a 1.0% growth in 2Q2016. economy and stringent bank KL Trillion lending guidelines. Amid growing uncertainties in the Jalan Tun Razak external environment, a weak domestic KL City market and continued volatility in the 368 Units The rental market in locations Ringgit, the central bank has maintained with high supply pipeline and a the country’s growth forecast for 2016 at weak leasing market undergoes 4.0% - 4.5% (2015: 5.0%). correction as owners and Le Nouvel investors compete for the same Headline inflation moderated to 1.3% in Jalan Ampang 3Q2016 (2Q2016: 1.9%). pool of tenants. KL City 195 Units Unemployment rate continues to hold steady at 3.5% since July 2016 (2015: The review period continues to 3.1%) despite weak labour market see more developers introducing conditions. Setia Sky creative marketing strategies and Residences - innovative financing packages Bank Negara Malaysia (BNM) lowered the Divina Tower as they look to meet their sales Overnight Policy Rate (OPR) by 25 basis Jalan Raja Muda KL City target and clear unsold stock. -
Participating Outlets Outlet Address 1 Outlet Address 2 Postcode City
Participating Outlets Outlet Address 1 Outlet Address 2 Postcode City State LOT NO.10,GROUND FLOOR,BUNGA RAJA SHOPPING CHOIZ FOOD STORE COMPLEX OFF RING ROAD INANAM 88300 KOTA KINABALU Sabah TINGKAT BAWAH LOT 19-0 LORONG LINTAS PLAZA LINTAS SINSURAN SANG NYUK MEE PLAZA 88300 KOTA KINABALU Sabah NO 10 LOT 20 JALAN KOLAM CENTRE 2 88300 KOTA CHIENG PORK SHOP KINABALU SABAH 88300 KOTA KINABALU Sabah GROUND FLOOR LOT 33 BLOCK E DAMAI PLAZA PHASE 3 LORONG KAYU MANIS JALAN STRAWBERRY CAKE HOUSE DAMAI 88300 KOTA KINABALU 88300 KOTA KINABALU Sabah LOT 6 NO-11 LORONG UNDAN HING INDUSTRIAL ESTATE UNCLE BOB JALAN TUARAN INANAM 88450 KOTA KINABALU Sabah LOT 7 LKG GALLERIA JALAN STANDARD SUPERMARKET PENGALAT LOK KAWI 89500 PUTATAN Sabah TNC KINABALU TRADING SDN. CL215396688 DONGGONGON BHD. OFF JALAN PENAMPANG 89500 KOTA KINABALU Sabah LOT 8-9 GROUND FLOOR BLOCK LIVING SEED VEGETARIAN 15 PEKAN KOIDUPAN 88300 RESTAURANT PENAMPANG SABAH 88300 PENAMPANG Sabah TB 7088 & TB 7089 TMN BINTANG COMMERCIAL CENTRE JLN APAS 91000 SWAN CAKE HOUSE TAWAU SABAH 91000 TAWAU Sabah NO 3 LORONG 1H KKIP SELATAN INDUSTRIAL ZONE 2 PASAR MINI MYSHOP (IZ2) KKIP 88460 KOTA KINABALU Sabah GROUND FLOOR,BLOCK RESTORAN FULL YUEN A,NO.3,DAMAI PLAZA PHASE IV 88300 KOTA KINABALU Sabah LOT 2 LEVEL 2 NEUTRON POINT LORONG POIN NEUTRON JALAN FOOK YUEN CAFE LINTAS 88450 KOTA KINABALU Sabah SEGANA MDLD 6604,LOT 19,TECH GUAN ROAD,91110,LAHAD MIN YUN LEE COLD STORAGE LIGHT INDUSTRIAL MILES 2, DATU,SABAH 91110 LAHAD DATU Sabah NO 86 GROUND FLOOR TAMAN FOH SANG LUYANG 88300 KOTA Q PORK KINABALU -
Business Name Business Category Outlet Address State 2020 Motor
Business Name Business Category Outlet Address State 2020 Motor Automotive TB 12186 LOT A 13 TAMAN MEGAH JAYA,JALAN APASTAWAU Sabah 616 Auto Parts Co Automotive Kian yap Industrial lot 113 lorong durians 112 Lorong Durian 5 88450 Kota Kinabalu Sabah Malaysia Sabah 88 Bikers Automotive D-G-5, Ground Floor, Block D, Komersial 88/288 Marketplace, Ph.10A, Jalan Pintas, Kepayan RidgeSabah Sabah Alpha Motor Trading Automotive Alpha Motor Trading Jalan Sapi Nangoh Sabah Malaysia Sabah anna car rental Automotive Sandakan Airport Sabah Apollo service centre Automotive Kudat Sabah Malaysia Sabah AQIQ ENTERPRISE Automotive Lorong Cyber Perdana 3 Penampang Sabah Malaysia 89500 Sabah ar rizqi Automotive Beaufort, Sabah, Malaysia Sabah Armada KK Automobile Sdn Bhd Automotive Ground Floor, Lot No.46, Block E, Asia City, Phase 1B Sabah arsy hany car rental Automotive rumah murah peringkat 1 no 54 Pekan Beaufort Sabah Atlanz Tyres Automotive Kampung Keliangau, Kota Kinabalu, Sabah, Malaysia Sabah Autocycle Motor Sdn Bhd Automotive lot 39, grd polytechnic, 8, Jalan Politeknik, Tuaran, Sabah, Malaysia Sabah Autohaven Superstore Automotive kg sin san peti surat 588 Kudat Sabah Malaysia Sabah Automotive Electrical Tec Automotive No 3, Block H, Hakka Building, Mile 5,5, Tuaran Road, Inanam, Kota Kinabalu, Sabah, Malaysia Sabah Azmi Sparepart Automotive Papar Sabah Malaysia Sabah Bad Monkey Garage Automotive Kg Landong Ayang Jln Landong Ayang 2 Kg Landong Ayang Jalan Landong Ayang II Kudat Sabah Malaysia Sabah BANLEE MOTOR Automotive BANLEE MOTORBATU 1 JLN MERINTAMAN98850 -
Management Discussion and Analysis
022 MANAGEMENT SURIA Capital HOLDINGS BERHAD DISCUSSION AND ANALYSIS SUMMARY OF SURIAGROUP’S STATEMENTS OF FINANCIAL POSITION TOTAL ASSETS (RM’000) 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - Property, Receivables, plant and Concession deposits and Cash and cash Deferred tax assets equipment assets prepayments equivalents and tax recoverable Other assets 2019 60,000 836,696 294,700 114,813 20,491 49,826 2018 60,668 860,128 294,401 122,292 31,540 48,090 SUMMARY OF SURIAGROUP’S STATEMENTS OF FINANCIAL POSITION TOTAL EQUITY & LIABILITIES (RM’000) 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - Taxations and Share Payables and deferred tax Concession capital Reserves accruals Borrowings liabilities liabilities 2019 358,825 754,578 56,799 28,149 58,402 118,694 2018 358,825 719,651 64,559 95,032 57,549 121,512 023 MANAGEMENT ANNUAL REPORT 2019 DISCUSSION AND ANALYSIS MANAGING RISK SuriaGroup acknowledges the importance of having a robust risk management system to identify critical risks and formulate mitigation plans to minimise any adverse impact and ensure sustainable business growth. By managing risks well, we believe that we provide greater certainty and confidence to all our stakeholders and shareholders. The following are the details relating to the key risks faced by SuriaGroup and how we had been managing them during the year under review: KEY RISK DESCRIPTION & IMPACT MITIGATION 1) Strategic Risk • At least 80% of SuriaGroup’s • Diversification of business into property segment • High dependency income is derived from port through the development of Jesselton Quay and One on port operations.