DOCSLIB.ORG

Infrastructure

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Infrastructure 8 December 2016 Sabah: “Land below the wind” Sector Update We made a working visit to Sabah’s capital Kota Kinabalu (KK) recently. Key findings: infrastructure development is accelerating, tourist arrivals are seeing sustained growth, oil and gas investments Infrastructure/ continue despite weak prices, and new large-scale integrated property development projects should transform Greater KK in the Property long run. Our top construction/property stock picks for exposure to Sabah’s rapid development are Gabungan AQRS (GAQRS) and WCT. Other non-rated beneficiaries could be Suria Capital and SBC Corp. Overweight (maintain)/ Overweight (maintain) Infrastructure development to improve connectivity One of the key focuses for the development of Sabah under the 11th Malaysia Plan 2016-2020 (11MP) is improving connectivity via infrastructure development. Planned projects include the RM12.8bn Pan Borneo Highway (Sabah section) (PBH) and the new RM311m KK Bus Absolute Performance (%) Rapid Transit (BRT). For the long-term development of the Sabah Development Corridor (SDC), there are plans to build a new KK Airport, 1M 3M 12M GAQRS (2.2) (12.0) 4.1 Light Rail Transit (LRT) system in KK, upgrade Lahad Datu Airport, and WCT Hldgs (2.2) 9.9 20.4 build new railway lines to connect the north and east coasts of Sabah. Suria Cap (2.9) (0.5) (21.3) SBC Corp (5.7) (11.2) 12.1 Pan Borneo Highway – a boon for construction Borneo Highway PDP Sdn Bhd, a Warisan Tarang-UEM Group-MMC Corp joint venture (60:20:20 shareholding), was appointed as the project Relative Performance (%) AQRS WCT Suria SBC Corp delivery partner (PDP) for the PBH Sabah project in April 2016. Three % packages have been awarded and the remaining packages are targeted to 350 be awarded by end-2017 to ensure the project is completed by March 300 2021. Potential beneficiaries are the Suria-GAQRS joint venture (JV) and 250 WCT, which are bidding for the PBH Sabah project. 200 150 Major property development projects planned 100 A major development taking place is the redevelopment of KK Port with an 50 estimated gross development value (GDV) of over RM5bn comprising One Jul-13 Jul-14 Jul-15 Jul-16 Jan-13 Jan-14 Jan-15 Jan-16 Mar-13 Mar-14 Mar-15 Mar-16 Nov-13 Nov-14 Nov-15 Nov-16 Sep-13 Sep-14 Sep-15 Sep-16 May-13 May-14 May-15 May-16 Jesselton (developed by GAQRS-Suria JV), Jesselton Quay (developed Source: Affin Hwang, Bloomberg by SBC-Suria JV), KK Convention City (developed by Mah Sing) and Sabah International Convention Centre. Suria is also planning to acquire 28.9 acres at KK Port for about RM350m to develop an International Cruise Terminal as part of the integrated mixed development project. SP Setia is developing the RM2.2bn Aeropod project in Tanjung Aru currently while the state is developing the RM4bn Tanjung Aru Eco Development. Loong Chee Wei, CFA (603) 2146 7548 Top BUYs: GAQRS, WCT for Sabah exposure; maintain sector views [email protected] We believe the rising tourist arrivals and strong demand from local and foreign buyers for waterfront properties will ensure the success of the KK Port redevelopment project. Construction contract awards for PBH Sabah should benefit the contractors with established track records and precast concrete product manufacturers in Sabah. For these reasons, our top BUYs for exposure to Sabah are GAQRS and WCT. Maintain ratings, TPs. Valuations of companies in our universe with Sabah exposure Stock Bbg Rating Price TP Upside Mkt Cap Core PE (x) Core EPS Gr (%) PBV (x) DY (%) ROE (%) (RM) (RM) (%) (RMbn) CY16E CY17E CY16E CY17E CY16E FY16E FY16E Gabungan AQRS AQRS MK BUY 0.88 1.24 40.9 0.3 19.6 11.6 (600.0) 68.9 0.9 - 5.6 Gamuda GAM MK BUY 4.69 5.74 22.4 11.4 19.7 17.3 (8.7) 13.9 2.9 2.6 9.6 IJM Corp IJM MK BUY 3.28 3.57 8.8 11.8 22.1 20.4 0.4 8.3 3.2 3.0 6.2 WCT Holdings WCTHG MK BUY 1.77 2.13 20.3 2.2 21.1 14.9 (56.2) 41.7 1.8 3.4 3.7 SP Setia SPSB MK HOLD 3.42 3.25 (5.0) 9.8 14.6 14.3 (12.4) 2.6 2.8 4.1 8.6 Note: Share prices as of close on 6 December 2016. Source: Affin Hwang estimates, Bloomberg Affin Hwang Investment Bank Bhd (14389-U) Page 1 of 14 8 December 2016 Infrastructure development to improve connectivity We met up with the Sabah Economic Development and Investment Authority (SEDIA) to get an update on the government’s initiatives under SDC. Under the 11MP, the government will focus on improving connectivity and logistics in Sabah as a critical factor required for the economic development of the state. The under-developed road and railway infrastructure in Sabah creates a bottleneck for economic development. Sabah has the following competitive advantages: Excellent location – accessible by air from 13 global destinations; Natural resources – rich in oil and gas, fertile agriculture land, palm oil and forestry; Cultural heritage – third largest population in Malaysia with 32 ethnic groups spawning diverse cultural backgrounds; and Biodiversity – rich marine life, plant diversity and wildlife habitat. World Heritage Sites in Sabah are Mount Kinabalu, Maliau Basin, Danum Valley and Imbak Canyon. Sipadan island is one of the world’s best diving sites. Under the SDC, these competitive advantages are to be exploited for the development of the tourism, oil and gas (O&G), energy, palm oil, manufacturing and logistics, agriculture and education sectors. Fig 1: Sabah Development Corridor Source: SEDIA Sabah was the sixth-highest GDP contributor to Malaysia in 2015 at 6.6% of the country’s GDP. However, it ranked 13th in terms of GDP per capita at RM19.7k in 2015, below the country’s average of RM37.1k. The state achieved stronger real GDP growth of 6.1% compared to the national average of 5% in 2015 for the first time in the past six years. Affin Hwang Investment Bank Bhd (14389-U) Page 2 of 14 8 December 2016 Fig 2: Percentage share of GDP by state in 2015 Source: Malaysian Department of Statistics Fig 3: GDP per capita by state in 2015 Source: Malaysian Department of Statistics Fig 4: GDP growth rate for Sabah and Malaysia (at 2010 prices) Source: Malaysian Department of Statistics Services sector remained the highest contributor to Sabah’s GDP at 40.8% of the total, followed by the agriculture sector (21.8% of total) and the mining and quarrying sector (25.4% of total) in 2015. Since the SDC was launched in 2008, the state has achieved committed investments of RM157bn and realised investments of RM57bn. We understand that Petronas and other multinational oil companies are the largest investors in the state to develop new deep water oil and gas fields in Sabah. Affin Hwang Investment Bank Bhd (14389-U) Page 3 of 14 8 December 2016 Fig 5: Sabah’s GDP breakdown in 2014 and 2015 Source: Malaysian Department of Statistics Sabah is the top crude palm oil (CPO) producing state in Malaysia with the highest oil extraction rate. Sabah produced 29% of Malaysia’s total CPO production in the first 10 months of 2016. It is also the largest aquaculture and seaweed producer in Malaysia. Tourism is a key driver of the services sector GDP growth in Sabah with tourist arrivals achieving a CAGR of 9% in 2002-2015. The state has the largest crude oil reserves in Malaysia at 45% of the country’s total reserves of 4bn barrels. The state’s crude oil reserves have increased in recent years with the discovery of new deep water reserves off the coast of Sabah. Fig 6: Crude palm oil production by state in January-October 2016 Source: Malaysian Palm Oil Board Affin Hwang Investment Bank Bhd (14389-U) Page 4 of 14 8 December 2016 Fig 6: Tourist arrivals to Sabah (2002-2015) Source: Sabah Tourism Board Fig 7: Malaysia’s oil and gas reserves breakdown Source: SEDIA One of the key focuses for the development of Sabah under the 11th Malaysia Plan 2016-2020 (11MP) is to invest in infrastructure to improve connectivity within the state and international linkages. Some of the planned infrastructure projects include the RM12.8bn PBH Sabah and new RM311m KK BRT. For the long-term development the Sabah Development Corridor (SDC), there are plans to build a new KK Airport, Light Rail Transit (LRT) system in KK, upgrade Lahad Datu Airport, and build new railway lines to connect the north and east coasts of Sabah. WCT is one of the Peninsular Malaysia-based contractors that has been active in undertaking infrastructure and property projects in Sabah. It undertook the RM704m upgrading and expansion works for the Kota Kinabalu International Airport Package 1 – Terminal Building and Landslide Infrastructure & Facilities and the RM109m Kudat Water Supply Scheme – Milau Dam project previously. WCT received a Letter of Intent from the government for the Kota Kinabalu Water Supply Scheme project worth about RM2.8bn previously but the implementation has stalled. Affin Hwang Investment Bank Bhd (14389-U) Page 5 of 14 8 December 2016 Fig 8: Transportation proposal map in Sabah Structure Plan 2033 Source: SEDIA Pan Borneo Highway – a boon for construction The PBH Sabah is a 706-km highway stretching from Sindumin to Kudat in the north and Tawau to the southeast. The highway will also link to Brunei and Sarawak with a total distance of 1,236 km.
Load more

Recommended publications
  • 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.
    [Show full text]
  • M.V. Solita's Passage Notes
    M.V. SOLITA’S PASSAGE NOTES SABAH BORNEO, MALAYSIA Updated August 2014 1 CONTENTS General comments Visas 4 Access to overseas funds 4 Phone and Internet 4 Weather 5 Navigation 5 Geographical Observations 6 Flags 10 Town information Kota Kinabalu 11 Sandakan 22 Tawau 25 Kudat 27 Labuan 31 Sabah Rivers Kinabatangan 34 Klias 37 Tadian 39 Pura Pura 40 Maraup 41 Anchorages 42 2 Sabah is one of the 13 Malaysian states and with Sarawak, lies on the northern side of the island of Borneo, between the Sulu and South China Seas. Sabah and Sarawak cover the northern coast of the island. The lower two‐thirds of Borneo is Kalimantan, which belongs to Indonesia. The area has a fascinating history, and probably because it is on one of the main trade routes through South East Asia, Borneo has had many masters. Sabah and Sarawak were incorporated into the Federation of Malaysia in 1963 and Malaysia is now regarded a safe and orderly Islamic country. Sabah has a diverse ethnic population of just over 3 million people with 32 recognised ethnic groups. The largest of these is the Malays (these include the many different cultural groups that originally existed in their own homeland within Sabah), Chinese and “non‐official immigrants” (mainly Filipino and Indonesian). In recent centuries piracy was common here, but it is now generally considered relatively safe for cruising. However, the nearby islands of Southern Philippines have had some problems with militant fundamentalist Muslim groups – there have been riots and violence on Mindanao and the Tawi Tawi Islands and isolated episodes of kidnapping of people from Sabah in the past 10 years or so.
    [Show full text]
  • 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
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET The residential market continues to remain lacklustre with lower volume and value of transactions recorded. ECONOMIC AND MARKET INDICATORS Limited project completions and new Malaysia’s economy expanded at a launches of high end condominiums / slower pace in 2015 with Gross Domestic residences during the review period. Product (GDP) growing at an annual rate of 5.0% (2014: 6.0%). For 2016, the Government has trimmed the country’s Growing pressure on rentals amid GDP growth forecast to 4 - 4.5% due to strong supply pipeline (existing and the volatility in crude oil prices and other new completions) and a challenging economic challenges. GDP continued rental market while prices in to moderate in the first quarter of 2016, the secondary market generally posting 4.2% growth, its slowest since continue to remain resilient. 3Q2009 (4Q2015: 4.5%), driven by domestic demand. Private consumption expanded by 5.3% while private Developers adopt innovative ‘push investment moderated to 2.2%. marketing’ strategies to boost Headline inflation for April 2016 registered at sales of selected projects and 2.1%. It is expected to be lower at 2% to 3% improve revenue. this year, compared to an earlier projection Aria of 2.5% to 3.5% and will continue to remain stable in 2017. (432 units) and The Residences at The Meanwhile, labour market conditions St. Regis Kuala Lumpur (160 units). continued to weaken with more retrenchment of workers, particularly in By the second half of 2016, the scheduled the manufacturing, mining and services completions of another five projects will sectors.
    [Show full text]
  • Annual Report 2017 Group Highlights 2017
    ANNUAL REPORT 2017 GROUP HIGHLIGHTS 2017 1. SALES 4. SHAREHOLDERS FUND 7. PROFIT ATTRIBUTABLE TO RM4.92 billion RM11.94 BILLION OWNERS OF THE COMPANY RM933 million 2. REVENUE 5. EARNINGS PER SHARE 8. ENLARGED LAND BANKS RM4.52 billion 26.77 Sen 9,606 acres 3. PROFIT BEFORE TAX 6. DIVIDEND PER SHARE 9. STRONG GDV IN THE PIPELINE RM1.27 billion 15.5 sen RM128.37 billion 10. ON-GOING PROJECTS 44 projects TOTAL SALES 11. UNBILLED SALES ACHIEVED RM7.72 billion FOR FY2017 IS 12. TOTAL STRONG DYNAMIC & DIVERSIFIED EMPLOYEES RM4.92 BILLION 2,300 people COVER RATIONALE At S P Setia, the sky is not the limit. In fact, we believe that the future is limitless. Opened to the possibilities of tomorrow, we embarked on a journey of strengthening growth, anchored by the dynamic and highly-talented Team Setia and our wide range of products. Guided by our ethos, we worked together, embraced change and demonstrated our resilience in the face of challenges while at the same time, boosting our capabilities today to fortify tomorrow’s opportunities. We will continue to reinforce our strong foundations, define our path forward to build a meaningful, sustainable future, for us and for our stakeholders. CONTENT OUR BUSINESS OUR LEADERSHIP AND PEOPLE Vision, Mission & Values 3 Board of Directors 36 Corporate Profile 4 Directors’ Profiles 38 Global Presence 6 Senior Management Team Profiles 48 Corporate Structure 8 Corporate Information 11 OUR ACHIEVEMENTS AND ACCOLADES Achievements 54 OUR PERFORMANCE REVIEW Accolades 60 Chairman’s Message 12 Management Discussion
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • The Financial Year 2012 Was, Without Doubt, Another Challenging Period for Tenaga Nasional Berhad (Tnb)
    KEEPING THE LIGHTS ON YOU SEE Tenaga Nasional Berhad www.tnb.com.my No. 129, Jalan Bangsar, 59200 Kuala Lumpur Tel: 603 2180 4582 Fax: 603 2180 4589 Email: [email protected] Annual Report Annual 2012 Tenaga Nasional Berhad Tenaga 200866-W annual report 2012 WE SEE... OUR COMMITMENT TO THE NATION >OH[ `V\ ZLL PZ Q\Z[ VUL ZTHSS WPLJL VM [OL IPN WPJ[\YL 6\Y YVSL PZ [V WYV]PKL TPSSPVUZ VM 4HSH`ZPHUZ ^P[O HMMVYKHISL YLSPHISL LMMPJPLU[ HUK \UPU[LYY\W[LK HJJLZZ [V LSLJ[YPJP[` -YVT WV^LYPUN [OL UH[PVU»Z HKTPUPZ[YH[P]L JHWP[HS [V SPNO[PUN \W OV\ZLOVSKZ HUK LTWV^LYPUN HSS ZLJ[VYZ VM [OL LJVUVT` ^L OH]L OLSWLK YHPZL [OL X\HSP[` VM SPML PU [OL JV\U[Y` HUK ZW\Y [OL UH[PVU»Z WYVNYLZZ V]LY [OL `LHYZ 4VYL [OHU Q\Z[ SPNO[PUN \W OVTLZ HUK Z[YLL[Z ;5) PZ JVTTP[[LK [V LUZ\YPUN [OH[ L]LY` 4HSH`ZPHU PZ HISL [V LUQV` [OL ILULMP[Z VM LSLJ[YPJP[` LHJO HUK L]LY` KH` VM [OL `LHY I` RLLWPUN [OL SPNO[Z VU KEEPING THE LIGHTS ON INSIDEwhat’s TO BE AMONG THE LEADING VISION CORPORATIONS IN ENERGY AND RELATED BUSINESSES 4 Notice of the 22nd Annual General Meeting 7 Appendix I 9 Statement Accompanying Notice GLOBALLY of the 22nd Annual General Meeting 10 Financial Calendar 11 Investor Relations 14 Share Performance WE ARE 15 Facts at a Glance 16 Chairman’s Letter to Shareholders COMMITTED TO 22 President/CEO’s Review 33 Key Highlights 34 Key Financial Highlights EXCELLENCE 35 Five-Year Group Financial Summary MISSION IN OUR 36 Five-Year Group Growth Summary PRODUCTS AND SERVICES KEEPING THE LIGHTS ON Corporate Framework Operations Review 40 About Us 135 Core Businesses 42 Corporate Information 136 Generation 1 44 Group Corporate Structure 142 Transmission 5 46 Organisational Structure 146 Distribution 47 Awards & Recognition 153 Non-Core Businesses 51 Key Past Awards 154 New Business & Major Projects 54 Media Highlights 160 Group Finance 56 Calendar of Events 163 Planning 62 Milestones Over 60 Years 168 Corporate Affairs & Services 175 Procurement Performance Review Other Services 179 Sabah Electricity Sdn.
    [Show full text]
  • MAXIMISING the INVESTMENT OPPORTUNITIES and POTENTIALS in SABAH SPEAKERS Ms
    MODERATOR Dr. Mark Yong (Managing Director (Asia Pacific), Blume Global, Hong Kong) MAXIMISING THE INVESTMENT OPPORTUNITIES AND POTENTIALS IN SABAH SPEAKERS Ms. Ng Kiat Min Datuk Sia Teong Heng (Group Managing Director of Suria CapitalHoldings Berhad (Group Managing Director, SBC Corporation Berhad, Malaysia) Managing Director of Sabah Ports Sdn Bhd) Mr. Nicholas Yong Choon Seng Dato’ Azizan Jaafar (Executive Industry Solution Manager, Southern Pacific Region (Executive Director & Group CEO, Gabungan AQRS Berhad, Malaysia) Huawei Enterprise Business Group) SPEAKER Datuk Sia Teong Heng (Group Managing Director, SBC Corporation Berhad, Malaysia) MAXIMISING THE INVESTMENT OPPORTUNITIES AND POTENTIALS IN SABAH THE NEW WATERFRONT DESTINATION A new city destination • SBC is a property developer listed in the Malaysian stock exchange. • Land owners often tap our track record to help them unlock their land value Where track record meets landowner • Our JV with Suria Capital is similar to our earlier JV with Sabah State Govt in developing The Peak Collection (1996) • Now we are in JV with Suria Capital is ongoing which we aim to complete by 2023 Site of significance • The port was the original birthplace of North Borneo’s capital, Jesselton • Site of many significan t events Two phases • Masterplanned over 16.25 acres, JQ is planned in two phases. • Phase 1 is JQ Central : The commercial hub • Phase 2 is JQ Waterfront : The entertainment & cultural district Status of Site 2013 The Peak Collection by SBC First Phase: JQC JQC’s City Pad towers The Peak Collection by SBC Works on the waterfront JQC: where commerce taps on KK’s tourism boom Airbnb, tourism-related retail, medical tourism & co-working spaces Creation of a Beach Club in the city Everyone/everything together, JQC offers KK’s only “Beach Club” JQC thrives on tourism & the new convention centre SPIRITED: mixed use.
    [Show full text]
  • 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.
    [Show full text]
  • 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
    [Show full text]
  • 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.
    [Show full text]