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TA Securities COMPANY UPDATE Tues Day , 14 February , 201 7 a Member of the TA Group FBMKLCI : 1, 710 .24
TA Securities COMPANY UPDATE Tues day , 14 February , 201 7 A Member of the TA Group FBMKLCI : 1, 710 .24 MENARA TA ONE, 22 JALAN P. RAM LEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603 -20721277 / FAX: +603 -20325048 Sector: Construction Ekovest Berhad TP: RM 3.43 (+20.4%) A Cash Cow in the Making Last traded: RM2.85 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Not Rated Ooi Beng Hooi +603-2167-9612 [email protected] www.taonline.com.my Despite a sharp rally in sha re price of 166. 4% since early -2015, we still Share Information think the stock is undervalued and see long term value in this rising star. Bloomberg Code EKO MK We like the company for its i) sizeable outstanding construction order book; Stock Code 8877 Listing Main Market ii) likelihood of sustaining its construction order book for another 5 to 10 Share Cap (mn) 855.5 years; iii) potential unlocking of asset value through IPO for its Market Cap (RMmn) 2438.0 expressways; iv) potential REITing of its shopping malls in long term; and Par Value 0.50 v) potential transformation into a prominent cash cow in long run. We 52-wk Hi/Lo (RM) 1.01/2.88 arrive at a fair value of RM3.43/share. NOT RATED 12-mth Avg Daily Vol ('000 shrs) 1,603.7 Estimated Free Float (%) 40.8 Listed on the Second Board of Bursa Malaysia in 1993 and promoted to the Beta 0.36 Major Shareholders (%) Main Board in 2000, Ekovest Berhad is involved in construction, property Lim Kang Hoo - 20.19 development and highway toll operation. -
Taman Sri Segambut to See Its ˎrst High-Rise Residences
EP 2 FRIDAY OCTOBER 6, 2017 • THEEDGE FINANCIAL DAILY NEWS HIGHLIGHTS from www.EdgeProp.my Tropicana TRX Residences eyes 1Q18 launch founder’s son Dion Tan is new MD; CEO TRX Residences, the residential com- es will comprise about 900 units, Yau retires ponent of the 17-acre TRX Lifestyle but not all of these units will be Tropicana Corp Bhd has redesignat- Quarter, is aiming to launch its fi rst launched simultaneously, said ed its executive director, 27-year-old homes sometime in the fi rst quarter Lendlease Malaysia residential di- Dion Tan, the son of founder and of next year. rector Eric Chan. largest shareholder Tan Sri Danny The TRX Lifestyle Quarter is part The unit sizes, which may range Tan Chee Sing who has a 30.45% of the 70-acre Tun Razak Exchange from 1-bedroom units of 500 sq ft to stake in the company, as managing (TRX) development which is set to be- 4-bedroom units of 2,000 sq ft, will director eff ective Oct 2. come a world-class fi nancial district be designed to cater for a broader Dion’s eldest brother, Datuk Dick- in Kuala Lumpur. It will encompass swathe of Malaysian property buy- son Tan Yong Long, is Tropicana’s investment Grade A offi ce space un- ers, said Lendlease Malaysia man- deputy group CEO, while another derpinned by world-class residential, aging director Stuart Mendel. brother, Dillon Tan Yong Chin, is an hospitality, retail, leisure and cultur- TRX Residences will comprise six executive director. al off erings. towers of 40 to 57 storeys each that Meanwhile, Tropicana said CEO The fi rst phase of TRX Residenc- will off er a total of 2,400 homes. -
Greater Kuala Lumpur: Bridge Between Asia and the World Why Greater Kuala Lumpur Is the Ideal Business Hub for Regional and Global Companies
www.pwc.com/my Greater Kuala Lumpur: Bridge between Asia and the world Why Greater Kuala Lumpur is the ideal business hub for regional and global companies July 2017 This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PwC, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. ©2017 PwC. All rights reserved. “PricewaterhouseCoopers” and/or “PwC” refers to the individual members of the PricewaterhouseCoopers organisation in Malaysia, each of which is a separate and independent legal entity. Please see www.pwc. com/structure for further details. 2 Greater Kuala Lumpur: Bridge between Asia and the world Foreword Asia remains the world’s growth driver, and Greater Kuala Lumpur is at the heart of it In PwC’s World in 2050 report, released earlier this year, Foreign investors are particularly interested in using we continue to foresee the shift in global economic power Malaysia and Greater KL as their regional operational away from established advanced economies towards hub to tap into the growing opportunities in emerging emerging economies in Asia. -
Tunnelling & Underground Space Development in Malaysia
COVER STORY Tunnelling & Underground Space Development in Malaysia Photo 1: TBM breakthrough at KVMRT Maluri Station in April 2014 (Picture courtesy of Ir. CK Lee) Ir. Dr Ooi Teik Aun is the Founder Chairman of the IEM Tunnelling and Underground Space Technical Division and an Organizing Chairman of the International Conference & Exhibition 2015 (ICETUS2015. He is also the current Chairman of Dispute Resolution Practice (DRP) Subcommittee. He is an Advisor for Consulting Engineering Special Interest Group (CESIG). Ir. Dr Ooi is an Honorary Fellow of IEM, Fellow of the Malaysian Institute of Arbitrators and Past President and is ICE Country Representative for Malaysia. He is currently the Chairman of Dispute Resolution Practice (DRP) Sub-committee and an Advisor for Consulting Engineering Special Interest Group (CESIG). Ir. Dr Ooi is an Honorary Fellow of IEM, Fellow of the Malaysian Institute of Arbitrators, Past President, the ICE Country Representative for Malaysia and the President of Southeast Asia Geotechnical Society (2010-2016). By Ir. Dr Ooi Teik Aun he development of tunnels and underground space in Malaysia has been slow T due, perhaps, to the geology of Kuala Lumpur and the lack of know-how and conidence among the construction industry in tackling the problems presented by the Kuala Lumpur Limestone Formation. But with the rapid development of tunnelling and ground formed at the seminar and inaugurated in 2001 with the improvement technologies in the last 30 years, this is set objective to undertake activities related to the promotion to change, especially with the active participation of and advancement of the science and engineering the International Tunnelling Association (ITA) and the of tunnels and underground space technologies. -
Newsletter-April 2017 5
FREEHOLD APRIL 2017 EKOVEST PP18916/11/2015(034379) TOP ASIA AWARD FOR SUKUK ISSUANCE SOME THINGS ARE DUKE 3 Worth Treasuring PRIME MINISTER'S VISIT In Life TO RIVER OF LIFE SITE River Beautification In Precinct 7 EkoCheras Mall EKOCHERAS EQUATES EARTH-CONSCIOUSNESS SUSTAINABILITY EkoCheras BEST MIXED DEVELOPMENT EkoRiver Centre (KL River City) REDEFINED by Ekovest Berhad LAVISH YOURSELF IN THE HEART OF THE CITY LIKE NEVER BEFORE Embrace uber modern contemporary living. Inside and outside. From lavish living space full of natural light to leisurely outdoors filled with breezy style and comfort. EkoTitiwangsa is a living icon connected to a 7-storey shopping mall (approx. 600,000sf) with a breathtaking view of the stunning KL skyline. Not Least, EkoTitiwangsa is located along Titiwangsa, right next to the DUKE Highway and KL River City. Offering exceptional accessibility, these 3 blocks of freehold service apartments are the answer to urbane living in luxury suites ranging from 820sf to 1340sf, as well as immense safety via 24-hour CCTV surveillance with 3-tier security complete with smart card access and guard patrol. EKOVEST BERHAD DEVELOPER HEAD OFFICE EKOVEST BERHAD SALES GALLERY Ground Floor, Wisma Ekovest, No. 118, No 122, Jalan Desa Gombak 1, Ekovest Land Sdn Bhd (549480-K) Jalan Gombak, 53000 Kuala Lumpur. 53000 Kuala Lumpur. +603 4032 1881 (A wholly owned subsidiary of Ekovest Berhad) T : +603-4021 5948 F : +603-4032 1771 GPS Co.: N 3°11'38.6" E 101°42'18.5" www.ekotitiwangsa.com E : [email protected] fb.com/Ekovest Berhad -
Kuala Lumpur Office
Asian Cities Report – 2H 2019 REPORT Savills Research Kuala Lumpur Offi ce Kuala Lumpur Offi ce Strong interest in quality offi ce space is being led by the expansion of fl exible space operators NEW SUPPLY GRAPH 1: Greater KL Offi ce Stock, 2010 to 1H/2019 Stock of offi ce space in Greater KL, the single largest offi ce market in ASEAN, stands at approximately 126 million sq ft, with the completion of four new offi ce buildings KL City The Rest of Greater KL Greater KL contributing 1.08 million sq ft in 1H/2019. 140 125.3 126.4 The fi rst offi ce tower within the Tun Razak Exchange, namely Menara Prudential, 120.4 115.4 was completed this year and serves as the headquarters for Prudential Assurance 120 111.5 105.4 Malaysia Bhd. The KYM Tower in Mutiara Damansara and Symphony Square in 102.2 97.9 Petaling Jaya were also completed in early 2019. With the exception of the EkoCheras 100 91.5 86.7 Offi ce Suites, the other three new buildings are single-owned en-bloc buildings, built with quality features and modern specifi cations. 80 By the end of 2019, the stock of offi ce space is expected to expand by 3.8 million sq 60 ft, touching approximately 130 million sq ft – with the completion of Southeast Asia’s tallest building, The Exchange 106, which will replace the Petronas Twin Towers as MILLION SQ FT 40 the tallest building in the country. This landmark offi ce tower, located within the Tun Razak Exchange (TRX), stands at 492m tall, off ering 2.4 million sq ft of column- 20 free offi ce space with spacious fl oor plates ranging from 22,000 to 34,000 sq ft. -
Malaysia Real Estate Highlights
RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2015 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU KUALA LUMPUR HIGH END CONDOMINIUM MARKET (MPC) meeting in May in an effort to support economic growth and domestic HIGHLIGHTS consumption. • Softening demand in the SUPPLY & DEMAND high-end condominium With the completion of seven notable segment amid a cautious projects contributing an additional market. 1,296 units [includes projects that are physically completed but pending Madge Mansions issuance of Certificate of Completion • Lower volume of transactions and Compliance (CCC)], the cumulative expected to come on-stream. The KL in 1Q2015. supply of high end condominiums in City locality will account for circa 35% Kuala Lumpur stands at 39,610 units. (1,310 units) of the new supply; followed • Developers with niche high by Mont’ Kiara / Sri Hartamas with Approximately 45% (582 units) of the new 34% (1,256 units); KL Sentral / Pantai / end residential projects in KL completions are located in the Ampang Damansara Heights with 20% (734 units); City review products, pricing Hilir / U-Thant area, followed by some and the remaining 11% (425 units) from and marketing strategies in 26% (335 units) in the locality of KL City; the locality of Ampang Hilir / U-Thant. a challenging market with 16% (204 units) from the locality of KL lacklustre demand, impacted Sentral / Pantai / Damansara Heights Notable projects slated for completion by a general slowdown in the area; and 14% (175 units) from the Mont’ in KL City include Face Platinum Suites, economy, tight lending Kiara / Sri Hartamas locality. Le Nouvel, Mirage Residences as well as guidelines, weaker job market the delayed project of Crest Jalan Sultan The three completions in Ampang Hilir amongst other reasons. -
Bersubahat Kalau Undi Pemimpin Rasuah Hudud Tidak Ada Dalam
BIL 95 25 - 31 MAC 2018 Hudud tidak ada Bersubahat kalau Kingmaker dalam manifesto Pas undi pemimpin untuk rasuah pastikan BN berkuasa ms2 ms2 ms8 SEMPENA ulang tahun ketiga pelaksanaan Cukai Barangan dan Perkhidmatan (GST) 1 April ini, Pakatan Harapan (PH) mengajak rakyat berkempen menolak cukai yang telah mendatangkan beban kenaikan kos sara hidup kepada mereka selama ini. PH akan mengeluarkan mekanisme kempen ini PIMPINAN PH minggu depan untuk mengumumkan pelancaran kempen dilaksanakan serentak "Rakyat Tolak GST" oleh rakyat. - yang akan diadakan serentak 1 April depan. Laporan penuh muka 2 2 NASIONALNASIONAL EDISI 95 • 25 - 31 MAC 2018 • PH kempen ‘Rakyat Tolak GST’ 1 April AKATAN HARAPAN (PH) akan Bagaimanapun parti pembangkang menganjurkan kempen ‘Rakyat Tolak menolak cadangan pelaksanaan GST apabila PGST’ sempena tiga tahun pelaksanaan menyifatkan ia akan membebankan rakyat Cukai Barangan dan Perkhidmatan (GST) berpendapatan rendah. yang dilaksanaka kerajaan Umno-BN itu. Namun dalam manifesto PH antara lain- Kempen itu dijangka akan diadakan selu- nya diumumkan jika PH berjaya mengambil ruh negara pada 1 April 2018 ini. alih kerajaan, GST akan dihapuskan dan Pengerusi PH Tun Dr Mahathir Mohamad mengawal harga barangan. berkata, kempen tersebut diadakan untuk Terakhir Pas menerusi Manifesto Gagasan rakyat menyatakan penolakan terhadap GST Sejahtera pada Ahad lalu turut menyatakan yang sebenarnya membebankan rakyat ker- akujanji jika parti itu menang dalam pilihan ana menyebabkan kenaikan kos sara hidup raya ke 14 akan melaksanakan penghapusan sejak ia dilaksanakan pada 1 April 2015. GST dan menggantikannya dengan sistem “Kita akan ada kempen untuk me- percukaian yang lebih adil. nyatakan rakyat tolak GST pada 1 April ini di Ketika ditanya mengenai manifesto Pas seluruh negeri,” ujarnya dalam sidang media melalui Gagasan Sejahtera mahu mengha- yang diadakan di Bilik Ketua Pembangkang puskan GST, Dr Mahathir mempersoalkan di bangunan Parlimen 20 Mac lepas. -
Kuala Lumpur, Malaysia's Dazzling Capital City
CONTENTS 4 DOING THE SIGHTS 38 SENSATIONAL SHOPPING 5 Prestigious Landmarks 39 Shopping Malls 6 Heritage Sites 42 Craft Centres 10 Places of Worship 43 Street Markets and Bazaars 12 Themed Attractions 44 Popular Malaysian Souvenirs 14 TROPICAL ENCLAVES 45 EATING OUT 15 Perdana Botanical Gardens 46 Malay Cuisine 16 KLCC Park 46 Chinese Cuisine 17 Titiwangsa Lake Gardens 46 Indian Cuisine 17 National Zoo 46 Mamak Cuisine 17 Bukit Nanas Forest Reserve 47 International Cuisine 47 Malaysian Favourites 18 TREASURE TROVES 49 Popular Restaurants in KL 19 Museums 21 Galleries 52 BEYOND THE CITY 22 Memorials 53 Kuala Selangor Fireflies 53 Batu Caves 23 RELAX AND REJUVENATE 53 Forest Research Institute of Malaysia 24 Spa Retreats (FRIM) 25 Healthcare 54 Putrajaya 54 Port Dickson 26 ENTHRALLING PERFORMANCES 54 Genting Highlands 27 Premier Concert Halls 55 Berjaya Hills 27 Cultural Shows 55 Cameron Highlands 28 Fine Arts Centres 55 Melaka 29 CELEBRATIONS GALORE 56 USEFUL INFORMATION 30 Religious Festivals 57 Accommodation 31 Events and Celebrations 61 Getting There 62 Getting Around 33 ENTERTAINMENT AND 65 Useful Contacts EXCITEMENT 66 Malaysia at a Glance 34 Theme Parks 67 Saying it in Malay 35 Sports and Recreation 68 Map of Kuala Lumpur 37 Nightlife 70 Tourism Malaysia Offices 2 Welcome to Kuala Lumpur, Malaysia’s dazzling capital city Kuala Lumpur or KL is a modern metropolis amidst colourful cultures. As one of the most vibrant cities in Asia, KL possesses a distinct and charming character. Visitors will be greeted by the Petronas Twin Towers, a world-renowned icon of the country. The cityscape is a contrast of the old and new, with Moorish styled buildings standing alongside glittering skyscrapers. -
Our Commitment to Sustainability
Sustainability Statement OUR COMMITMENT TO SUSTAINABILITY Kwasa Sentral MRCB IS COMMITTED TO DISCLOSING THE PROGRESS OF OUR SUSTAINABILITY JOURNEY AND SETTING THE HIGHEST STANDARDS IN THE SOCIAL, ECONOMIC, SCOPE OF THIS STATEMENT AND ENVIRONMENTAL PERFORMANCES OF OUR SECTOR. WE ASPIRE TO RAISE The coverage of this statement includes all domestic operations of MRCB, consisting of OUR UNDERSTANDING OF SUSTAINABILITY ISSUES SO THAT WE MAY CONTINUE its subsidiaries, of which MRCB has direct TO GROW AND PERFORM BETTER AS A CORPORATE CITIZEN. control and holds a majority stake. REPORTING PERIOD We are currently in the process of reviewing and priorities through conducting stakeholder The reporting period covered is from our sustainability approach and intend to engagement and a materiality assessment, 1 January, 2017 to 31 December, 2017. explore various ways in which we can improve identifying sustainability indicators, referring to Where possible, historical information from our sustainability practices and performances global practices and standards in sustainability previous years were included to provide across our management and operations. reporting, and adopting the sustainability comparative data. guidelines provided by Bursa Malaysia. For this report, we began embarking on obtaining REPORTING CYCLE baseline data to measure and subsequently While we seek to maintain our compliance to monitor the impact of our projects and activities, national laws and regulations, we are becoming Annually which helped us determine our performance increasingly -
Missionos Project Profile
MissionOS Project Profile KVMRT 2 - Kuala Lumpur Building on the success of MissionOS on Line 1 of the Klang Valley MRT, Maxwell GeoSystems were appointed systems supplier for the Sungai Buloh–Serdang–Putrajaya line (MRT SSP) with an expanded to scope to look after instrumentation and TBM Process Control. The MissionOS system has been implemented by Gamuda to manage excavation progress and instrumentation data during the construction of the stations in retained excavations within difficult ground conditions. Gamuda were keen to build on Maxwell GeoSystems’ ability to manage effectively both ground investigation, instrument and tunnelling data in one platform and the configurability of the platform to their own requirements. Maxwell GeoSystems’ proprietary MissionOS integrates the construction and TBM data with the instrumentation data, providing a shared real-time “cause & effect” analysis resource, allowing project teams to predict and control the ground and ground-water movements. Gamuda also highly valued the audit and post processes The KVMRT Line 2 is one of three planned MRT rail lines which have enabled their teams to review and assimilate under Klang Valley Mass Rapid Transit Project by MRT Corp. huge quantities of data in very quick time reducing The Phase 1 between Kwasa Damansara and Kampung construction risk on the project. Batu expected to be operational by July 2021. The remaining line is expected to be operational in 2022. The approved rail alignment is 52.2km in length, of which 13.5km is underground. A total of 37 stations, 11 of them underground, will be built. The line will stretch from Sungai Buloh to Putrajaya and will include densely populated areas Sri Damansara, Kepong, Batu, Jalan Sultan Azlan Shah, Jalan Tun Razak, KLCC, Tun Razak Exchange, Kuchai Lama, Seri Kembangan and Cyberjaya. -
Pipe Roofing Installation by Micro Tunneling Method
FEATURE Pipe Roofing Installation by Micro Tunneling Method Mr. Ivan Leong ABSTRACT This article described the process of installing the pipe rooing structure for Maluri underground KVMRT station Entrance A. The pipe roof was constructed using 780mm diameter steel pipes of 10mm thickness, installed via pipe jacking method using a Micro Tunnel Boring Machine (MTBM). The use of a separation plant for slurry treatment was suitable, given the site conditions and greatly improved productivity of the pipe jacking machine in the silty ground condition. The journal described why a pipe roof structure was needed and how it was constructed. The various safety measures and precautions taken were also covered herewith. he southern most KVMRT underground station, Maluri Station, is located under busy Jalan Cheras. It has 4 entrances: Entrance A to cater to customers going to Aeon Maluri, Entrance B leading Tto the housing estate, Entrance C to allow for passenger connection between the KVMRT line and the existing Ampang STAR line and Entrance D for the park and ride service located adjacent to the station. Of all the entrances, the construction of Entrance A posed The electrical cables served as the main source of supply to the greatest challenge. This was due to the existence of utilities the Bukit Bintang region. buried under that section of Jalan Cheras between Entrance Due to these constraints, a different construction A and the Maluri station box. These included telco lines, a approach was required, one that would not affect the 600mm SYABAS water pipe, and most importantly, 275 kV utilities and the live trafic during the construction of the adit Tenaga Nasional Berhad (TNB) high voltage electrical cables.