DOCSLIB.ORG

Selangor Properties Berhad

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Selangor Properties Berhad 9 April 2008 by Asia Analytica Selangor Properties Berhad Prime land bank, asset and cash rich Strategic assets ripe for redevelopment Batai condos and E&O JV may provide re-rating catalysts RNAV of RM6.08 – fair value at RM4.26 BUY Key stock statistics FYOct07 FYOct08E EPS (sen) 23.5 20.7 P/E (x) 12.6 14.3 DPS (sen) 10.0 10.0 NTA/share (RM) 4.79 4.90 Issued capital (mil) 343.6 52-week price range (RM) 2.93-5.30 Major shareholders (%) Kayin Holdings 61.0 EPF 4.5 Share Price Chart (RM) Price RM2.95 Market capitalization RM1,014 million Board Main Indices KLCI Sector Properties Stock code 1783 Analyst Kevin Khoo Investment Summary Selangor Properties (Selprop) is one of Malaysia’s oldest property companies – with sizeable and valuable property assets, and a very strong balance sheet to boot. It has 33 acres of undeveloped and very valuable land in the prime Kuala Lumpur suburb of Damansara Heights – making it one of the largest landowners there. Selprop also has several well-located commercial and residential buildings, mainly in Damansara Heights, 270 acres of land in Ulu Langat, Batu Caves and Selayang, a shopping mall in Australia and a portfolio of investment securities. The company also has a 51% stake in Second Board listed HELP International Corp, one of Malaysia’s top private education players. Of the 33-acre Damansara Heights land bank, 19.8 acres is strategically located within the Damansara Town Centre area, adjacent to its own Menara Milenium and two upcoming projects – GuocoLand’s Damansara City and The Twins. These two projects (with pricing of RM850 psf for The Twins) will enhance the value of Selprop’s land and provide new pricing benchmarks. Selprop is generally perceived to be a “sleepy” company. Despite its quality land bank, it has not been aggressive in launches or replenishing the land bank. However, there are promising signs this is starting to change. The company has entered into a joint venture with E&O Property Development to develop 9.4 acres of land along Jalan Semantan in Damansara Heights. This will likely kick-off next year. On its own, it will soon develop a high-end condo project located along Jalan Batai, also in Damansara Heights. GDV is estimated at around RM300 million for 107 units of high-end large- sized condos, expected to be launched later this year. Over the past few years, there have been a large number of asset sales, especially with regard to its Australian assets and parts of its Damansara Heights land. The company also makes gains on its investment portfolio. While these moves have realized more value and boosted profits, they may also suggest a high level of volatility in profits. Selprop’s assets were revalued in Nov 2006, in accordance with current accounting standards. This boosted NTA per share to RM4.79 in Oct 2007 from RM3.86 in Oct 2006. We estimate its RNAV at RM6.08 per share. Assuming a 30% discount to RNAV, we place its longer-term fair value at RM4.26 – 44% higher than the current share price. Selprop’s share price has fallen 45% from its peak a year ago, reflecting the weak appetite for property stocks. We like its quality land bank, high asset values and prudent management – a plus in the current environment. Its shares offer good value for longer-term investors. BUY. The Batai condo and E&O joint venture projects should provide some re-rating catalysts and will boost earnings over the next few years. 2 Selangor Properties Berhad Background Selangor Properties (Selprop) is one of Malaysia’s oldest property companies, and is involved in property development and investments, as well as education. It has 33 acres of undeveloped land in Damansara Heights, several commercial and residential buildings, a total of 270 acres of land in Ulu Langat, Batu Caves and Selayang and substantial investments overseas, particularly in Australia and a large portfolio of investment securities. The low-profile company was listed in 1963 and traces its roots back to the 1950s, when its founders, the late Tan Sri T.K. Wen and his wife, Puan Sri Chong Chook Yew acquired large tracks of rubber plantation land from a foreign firm. The land, located in the outskirts of Kuala Lumpur, have since been developed into one of the Klang Valley’s most prestigious suburbs, Damansara Heights. The company is run by the Wen family, who raised their stake to 61% in 2005 after undertaking a general offer for the company at RM2.40 per share. Puan Sri Chong is currently the company’s chairperson and her son, Mr. Wen Chiu Chi, the managing director. Corporate structure Selangor Properties Bhd Property holding Property Education & investments development Bangsar Hill Jupiter Midas HELP Holdings (100%) (100%) International Corp (51%) Chong Chook Yew Karuan Jaya Holdings (100%) (100%) Damansara Devts Selayang Mulia (100%) (100%) Pusat Bandar Sabaran (M) Damansara (100%) (100%) SPB Australia (100%) Oriland (100%) 3 Selangor Properties Berhad Business Overview Selprop has three main core businesses – property development, property and investment holdings and education. In FY07, property development contributed 36% of revenue but just 2% pre-tax profits. They are derived from two ongoing lower-end housing projects – Bukit Permata in Batu Caves and Selayang Mulia in Selayang, both within the Klang Valley. The bulk of Selprop’s profits come from property and investment holdings, which accounted for 33% of revenue and 85% of pre-tax profits in FY07. This includes rental income from its investment properties in Malaysia and Australia, periodic gains from the disposal of properties and returns from a portfolio of investment securities. The balance comes from education – via 51% owned HELP International Corp, listed on the Second Board in 2007. A highly regarded private education institution, HELP has University College status and about 10,000 students in two main campuses – in the Damansara Heights area and the recently acquired Klang-based Sepang Institute of Education (renamed HELP-ICT). Revenue breakdown Pre-tax profit breakdown 4 Selangor Properties Berhad Key Investment Highlights Prime land bank & portfolio Selprop is one of the largest landowners in the matured and prestigious Damansara Heights area, with 33 acres of undeveloped land. Within the area, it also has a number of commercial properties held for rental and investment, plus several assets recently parked into a 50:50 joint venture with E&O Property Development for joint development. Selprop’s property investment portfolio consists of Menara Milenium, Wisma Damansara, SPB Towers and Wisma HELP, all located in Damansara Heights. The jewel in the crown is Menara Millenium, a 25-storey office tower with 573,175 sq ft of net lettable space on 3.8 acres, widely considered as the area’s most prestigious office address and is fully tenanted. Contributions from the other buildings are relatively minimal. Wisma Damansara’s occupancy rate is just 21% as most of the government offices there have relocated to Putrajaya. HELP occupies the bulk of space in Wisma HELP. Wisma Damansara has been earmarked for potential redevelopment and sold to a joint venture with E&O Property Devt. Annual recurring rental income from these properties is about RM36 million. Land value boosted by neighbouring projects Of Selprop’s 33-acre Damansara Heights land bank, 19.8 acres is located within the Damansara Town Centre area, adjacent to Menara Milenium and two upcoming projects – GuocoLand’s Damansara City and The Twins by Panareno, a joint venture between the Lion Group and AIG. The Twins project is ironically located on land earlier sold by Selprop back in 2005 to Panareno at RM420 psf. The 318-unit project on 2.17 acres of land was launched late last year and set a new benchmark price of RM850psf for Klang Valley condominiums outside of the KLCC area. Pricing details for GuocoLand’s 8.5-acre project are still unavailable, although tentative plans include two blocks of condominiums, two office towers, a hotel and a retail podium. It could up the pricing ante further, given the strong response to The Twins and the high KLCC area prices of RM1,200–2,000 psf. These two developments will further enhance the value of Selprop’s land. Jalan Batai condominiums Selprop is planning to launch a luxury condominium project on Jalan Batai, next to its existing SPB Towers, later this year. This will be its first major project within Damansara Heights in eight years, since the completion of Menara Milenium. And it will be a positive catalyst to dispel the company’s “sleepy” image. The project will consist of 107 units of condos with built-up space of 3,000-3,500 sq ft. Given the pricing trends in the area, we expect pricing to be upwards of RM800 psf and GDV of around RM300 million. Margins should be high (estimated at 40%) due to low land costs and the project will contribute to profits over FY09-11. 5 Selangor Properties Berhad Investment properties – some ripe for redevelopment Selprop has a number of investment buildings presently held for rental, but which can be redeveloped at some stage. Many of these assets are aging, with low yields and density, but are strategically located within Damansara Heights, one in Bukit Tunku and one in the city centre. Its portfolio of investment properties include: • Kompleks Pejabat Damansara – five blocks of 4-storey office buildings on 3.9 acres with 210,000 sq ft of NLA. • SPB Towers – a 17-storey apartment building sitting on 3 acres along Jalan Batai. • Jalan Batai shops – 16 units of 2-storey shops on prime Jalan Batai, with highway frontage and opposite the Damansara Town Centre, sitting on 1.8 acres of land.
Load more

Recommended publications
  • Annual Report 2008 Open to a Landscape of Borderless in 2008, Possibilities, Opportunities Southeast Asia and Capabilities
    Bumiputra-Commerce Holdings Berhad (50841-W) Annual Report 2008 Open to a landscape of borderless In 2008, possibilities, opportunities Southeast Asia and capabilities. became our home. Contents Cover Rationale In 2008, Southeast Asia truly became our home with the completion 002 Five Year Group Financial Highlights 102 Statement on Corporate Governance of BCHB Group’s universal banking footprint across 4 major markets 004 Group Financial Highlights 122 Audit Committee Report - Malaysia, Indonesia, Singapore and Thailand. Children reflect our 006 Our Vision 127 Statement on Internal Control 007 Core Philosophies of the Group 134 Risk Management enthusiasm and excitement, and the growth and synergy opportunities 010 Corporate Profile 142 Notable Deals that lie ahead as we further explore prospects in the region. The 012 Corporate Structure 150 Notable Achievements inspiring Southeast Asian landmarks featured in the dividers aim to 013 Corporate History 156 Our Alliances invite all stakeholders to share our journey. With the largest retail 018 Chairman’s Message 158 International Advisory Panel network of 1,150 branches across the region, we continue to pursue 024 Performance Review by 159 Investor Relations Group Chief Executive an expanding horizon of initiatives for future growth. 160 Snapshot of Corporate Events 056 Corporate Information 174 Corporate Social Responsibility 058 Corporate Organisation Chart 190 Recreation 060 Board of Directors 191 Shareholders’ Statistics 062 Board of Directors’ Profiles 194 Top 10 Properties of the Group
    [Show full text]
  • Circular (Final).Pdf
    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THISTHIS CIRCULARCIRCULAR ISIS IMPORTANTIMPORTANT ANDAND REQUIRESREQUIRES YOURYOUR IMMEDIATEIMMEDIATE ATTENTION.ATTENTION. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser immediately. accountantIfIf youyou areare ininor anyanyother doubtdoubt professional asas toto thethe adviser coursecourse immediately. ofof actionaction toto bebe taken,taken, youyou shouldshould consultconsult youryour stockbroker,stockbroker, bankbank manager,manager, solicitor,solicitor, THISaccountantaccountant CIRCULAR oror otherother IS professionalIMPORTANTprofessional adviseradviser AND REQUIRES immediately.immediately. YOUR IMMEDIATE ATTENTION. Bursa Malaysia Securities Berhad takes no responsibility for the contents of this Circular, makes no representation as to its Bursa Malaysia Securities Berhad takes no responsibility for the contents of this Circular, makes no representation as to its Ifaccuracy you are orin completenessany doubt as andto the expressly course disclaimsof action anyto be liability taken, whatsoever you should for consultany loss your howsoever stockbroker, arising bank from manager, or in reliance solicitor, upon accuracyBursaBursa MalaysiaMalaysia or completeness
    [Show full text]
  • Store No. Store Name Brief Location Store Address 0009 OUG KL WP
    Store No. Store Name Brief Location Store Address No 150, Jalan Mendung, Bandar Park Complek Off 0009 OUG KL WP - KL - Old Klang Road Jalan Klang Lama, 58000 Kuala Lumpur WP - KL - Taman Desa - No 23A, Jalan Desa Jaya, Taman Desa Off Jalan 0010 Tmn Desa KL Jalan Kelang Lama Klang Lama, 58100 Kuala Lumpur No 51B, Wisma Dato' Dagang, Jalan Raja Alang, 0012 Kg Bharu KL WP - KL - Kg. Baru Kampung Baru 50300 Kuala Lumpur 0016 Chow Kit KL WP - KL - Jalan Chow Kit No 42, Jalan Chow Kit, 50350 Kuala Lumpur WP - KL - Cheras - Taman 211-213, Jalan Perkasa 1, Bangunan Dirikon, 0017 Maluri KL Maluri Taman Maluri, Cheras, 55100 Kuala Lumpur WP - KL - Salak South - No. A-94, Jalan Tuanku 2, Salak South Garden, 0022 Salak South KL Jalan Tuanku 2 57100 Kuala Lumpur No 12, Jalan Kenanga Off Jalan Hang Tuah, 55200 0023 Kenanga KL WP - KL - Jalan Kenanga Kuala Lumpur WP - KL - Pudu Raya - No. 10, Wisma U.M.S, Jalan Pudu, 55100 Kuala 0025 Pudu Raya KL Wisma UMS Lumpur WP - KL - Brickfields - Jalan No 243, Jalan Tun Sambanthan, 50470 Kuala 0032 Brickfields KL Tun Sambanthan No. 243 Lumpur WP - KL - Taman City - Jalan No 17 Taman City, Jalan Kuching, 51200 Kuala 0035 Tmn City KL Kuching Lumpur WP - KL - Bukit Bintang - 0036 Bukit Bintang KL No 77, Jalan Bukit Bintang, 55100 Kuala Lumpur Jalan Bukit Bintang No. 77 WP - KL - Jalan Tiong - Off No 537, Jalan Tiong Off Jalan Ipoh, 51100 Kuala 0038 Jln Tiong KL Jalan Ipoh Lumpur WP - KL - TTDI - Jalan B.
    [Show full text]
  • SIARAN MEDIA – SEGERA 8 Disember 2020, 1:00 Petang
    SIARAN MEDIA – SEGERA 8 Disember 2020, 1:00 petang TINDAKAN MENSTABILKAN SISTEM AGIHAN BEKALAN AIR DI 7 WILAYAH SEDANG GIAT DILAKSANAKAN OLEH AIR SELANGOR Kuala Lumpur - Berikutan henti tugas Loji Rawatan Air (LRA) Sungai Selangor Fasa 1, Fasa 2, Fasa 3 dan Rantau Panjang dalam tempoh 5 jam disebabkan pencemaran air mentah di Sungai Selangor pagi tadi, Air Selangor mendapati sistem agihan bekalan air berada dalam keadaan tidak stabil yang mana kebanyakan tangki-tangki air di kawasan perumahan mengalami penyusutan yang mendadak pada pagi ini. Justeru itu, sebanyak 861 kawasan di wilayah Kuala Lumpur, Petaling, Klang/Shah Alam, Gombak, Kuala Selangor, Hulu Selangor dan Kuala Langat akan mengalami tekanan air rendah dan bekalan air tidak stabil. Para pengguna yang terjejas dijangka akan menerima bekalan air yang stabil bermula jam 3.00 petang hari ini secara berperingkat-peringkat. Senarai kawasan yang terlibat boleh dirujuk pada Lampiran A. Air Selangor akan menyediakan bantuan bekalan air dengan mengerakkan lori-lori tangki ke kawasan-kawasan yang terjejas dengan keutamaan kepada premis-premis kritikal seperti hospital dan pusat dialisis. Air Selangor amat memahami situasi para pengguna yang memerlukan air bersih terutama semasa peningkatan kes COVID-19 dan pelaksanaan Perintah Kawalan Pergerakan Bersyarat ini dengan mengambil segala usaha bagi meminimakan impak gangguan kepada para pengguna yang terjejas. Maklumat gangguan bekalan air tidak berjadual akan dimaklumkan dari semasa ke semasa menerusi semua medium komunikasi Air Selangor
    [Show full text]
  • Senarai Kawasan Gangguan Bekalan Air Tidak Berjadual
    LAMPIRAN A – SENARAI KAWASAN GANGGUAN BEKALAN AIR TIDAK BERJADUAL DI WILAYAH PETALING, KLANG, SHAH ALAM, KUALA LUMPUR, HULU SELANGOR, KUALA LANGAT DAN KUALA SELANGOR BERIKUTAN PENCEMARAN SUNGAI SELANGOR PADA 8 DISEMBER 2020 KAWASAN KLANG YANG TERJEJAS – 8 DISEMBER 2020 Perumahan Bandar Sultan Aman Perdana Jalan Tengku Diauddin Sulaiman Fasa 3 Ambang Botanik Jalan Tengku Kelana PKFZ Armada Putera Jalan Tepi Sungai Pulau Ketam Bandar Baru Bukit Raja Jalan Yadi Sementa Sepanjang Jalan Goh Hock Bandar Bestari Jalan Kem Huat Bandar Botanik Jalan Limbungan Sungai Putus Bandar Bukit Tinggi 1 Jalan Raja Nong Sungai Sireh Bandar Bukit Tinggi 2 Jalan Syahbandar Sungai Bertik Bandar Klang (Bt 1 - 3 Jalan Johan Setia Sungai Kapar Indah Meru) Bandar Parkland Kampung Budiman Sungai Puloh Bandar Putera Kampung Bukit Cerakah Sungai Udang Bandar Putera 2 Kampung Delek Taman Bayu Mas Bandar Puteri Kampung Kastam Taman Bayu Perdana Batu Belah dan Teluk Kapas Kampung Pulau Indah Taman Bayu Tinggi Berkeley/Eng Ann Kampung Raja Uda Taman Berembang Bukit Kapar Kampung Teluk Gong Taman Bijaya Kampung Jawa Bukit Kerayong Kapar Taman Chi Liung Kawasan Perindustrian Bandar Bukit Kuda & Jalan Batu 3 Sultan Sulaiman dan Perdana Taman Desawan Lama Industrial Park Kawasan Perindustrian Bukit Felda Bukit Cerakah Taman Gembira Raja Selatan Glenmarie Cove Kampung Jawa, Kampung Jawa Taman Klang Jaya Glenn Cruise Kampung Keretapi Taman Maznah Hospital Ampuan Rahimah Kampung Pendamar Taman Palm Groove Jalan Dato' Hamzah Klang Sentral Taman Pendamar Indah Jalan Istana Kota
    [Show full text]
  • PROPERTY INSIGHTS Malaysia Quarter 2, 2013
    PROPERTY INSIGHTS Malaysia Quarter 2, 2013 Greater market certainties after Election Market Overview The Malaysian economy registered a slower growth Figure 1 Prime office rental index of 4.1% year-on-year (y-o-y) in Q1 2013, compared with (Q1 2011=100) the 4.9% and 6.5% achieved in Q1 2012 and Q4 2012 120 respectively. Nonetheless, the economy is expected to 100 be on track to achieve 2013’s GDP forecast of 5-6%. 80 The overall office market was stable (Figure 1). Both vacancy and rental rates remained unchanged 60 with continued substantial supply in the pipeline. The 40 2 3 4 9 0 1 5 6 7 8 4 1 1 1 0 1 1 0 0 0 0 0 4 4 4 4 4 4 4 4 4 4 anticipated oversupply sentiment does not appear to 4 Q Q Q Q Q Q Q Q Q Q Q affect the market as activities remained resilient and Source: DTZ Research active, supported by stable rental and capital values. Retail sales remained buoyant with continued local and international interest for investments in the sector. The high-end residential market resumed activities with several new launches during the quarter despite Bank Negara contemplating measures to curb speculation and lending. Trends & updatesUpdates Economic Overview Economy is on track despite the weaker external Positive employment changes environment The unemployment rate recorded a slight decrease The Malaysian economy registered a slower of 0.3 percentage-point from the last quarter to 3.0% growth of 4.1% y-o-y in Q1 2013, a lower growth in Q1 2013.
    [Show full text]
  • FAO/WHO Regional Conference on Food Safety for Asia and the Pacific
    CAP/REP 1 FAO/WHO Regional Conference on Food Safety for Asia and the Pacific 24-27 May 2004 Seremban, Malaysia “Practical Actions to Promote Food Safety” FINAL REPORT For further information on the activities of the FAO/WHO Regional Conference on Food Safety for Asia and the Pacific, please contact: The Joint Secretariat of the Regional Conference on Food Safety for Asia and the Pacific c/o Food Quality and Standards Service Food and Agriculture Organization of the United Nations Viale delle Terme di Caracalla 00100 Rome - Italy Fax. No.: + 39 06 57054593 E-mail Address: [email protected] or The Joint Secretariat of the Regional Conference on Food Safety for Asia and the Pacific c/o Food Safety Department World Health Organization 20, Avenue Appia CH-1211 Geneva 27 - Switzerland Fax. No.: + 41 22 7914807 E-mail Address: [email protected] Web site: www.foodsafetyforum.org/asian Issued by the Secretariat of the FAO/WHO Regional Conference on Food Safety for Asia and the Pacific, FAO, Rome CAP/REP 1 FAO/WHO Regional Conference on Food Safety for Asia and the Pacific 24-27 May 2004, Seremban, Malaysia “Practical Actions to Promote Food Safety” FINAL REPORT FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS Rome, 2004 The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.
    [Show full text]
  • View the Plan Displayed at the Kuala Managers Are Required to Register Them- That Are Worth RM4.28 Billion
    EP 2 FRIDAY DECEMBER 28, 2018 • THEEDGE FINANCIAL DAILY YEAR-END SPECIAL SAM FONG | THE EDGE SAM The Edge Property Sdn Bhd (1091814-P) There was Level 3, Menara KLK, a change in No 1 Jalan PJU 7/6, Mutiara government Damansara, 47810 Petaling Jaya, Selangor, Malaysia for the ˎ rst time in the EdgeProp.my history of Malaysia. Managing Director/Editor-in-chief Au Foong Yee EDITORIAL Executive Editor Sharon Kam Editor Lam Jian Wyn Deputy Chief Copy Editor James Chong Copy Editor Vanessa Gnanasurian Senior Writers Rachel Chew, Tan Ai Leng Writers Natalie Khoo, Shawn Ng Art Director Sharon Khoh Senior Designer Jun Kit Designer Rajita Sivan For New Launches/Events/ Press Releases/News Tips email: [email protected] 10 highlights Tel: (03) 7721 8211 Fax: (03) 7721 8280 ADVERTISING & MARKETING Associate Account Director, and those on the Bukit Bintang stretch as it Advertising & Marketing t would probably be an Heidee Ahmad (019) 388 1880 understatement to say the year 2018 So sad, Ampang served the middle-income group who had Senior Account Manager been taken with its potent mix of nostalgia Ian Leong (012) 359 1668 has been an extraordinary year for Park Shopping and value-for-money off erings. Nearby of- Azoera Azami (016) 398 6904 Account Manager Malaysia. It goes down in history as Mall is gone… fi ce workers also frequented the place for Redzuan Abdul Marif (016) 845 9692 the year that saw the ˎ rst change in 1 lunch and for shopping that was easy on Kuala Lumpur’s oldest mall, Ampang the pocket.
    [Show full text]
  • Annual Report 2020 ANNUAL REPORT 2020 Annual Report 2020
    [Registration No: 199401035205 (320888-T)] ● ANNUAL REPORT 2020 Annual Report 2020 Annual Report 2020 www.malton.com.my Malton Berhad [Registration No: 199401035205 (320888-T)] 19-0, Level 19, Pavilion Tower 75, Jalan Raja Chulan 50200 Kuala Lumpur, Malaysia Tel No. : 03-2088 2888 Fax No. : 03-2088 2999 VISION To be the leading lifestyle and innovative property developer in the region. MISSION To lead through innovative designs, concepts and products. To create enduring value to customers through quality and creative craftmanship, good master planning and service experience. To be responsive to market trends and lifestyle aspirations for the future. To deliver sustainable returns to shareholders. [Registration No: 199401035205 (320888-T)] Annual Report 2020 CONTENTS Corporate Information 3 Corporate Structure 4 Group Financial Highlights 5 Board of Directors 6 Chairman’s Statement 9 Management Discussion And Analysis 12 Sustainability Statement 21 Corporate Governance Overview Statement 29 Statement on Risk Management and Internal Control 37 Audit Committee Report 40 Financial Statements 45 Group Properties 156 Statement of Shareholders 160 Notice of Annual General Meeting 163 Proxy Form 2020 Annual Report :: CORPORATE 3 INFORMATION BOARD OF DIRECTORS Tan Sri Lim Siew Choon Puan Sri Tan Kewi Yong Non-Independent Non-Executive Chairman Executive Director Guido Paul Philip Joseph Ravelli Chua Thian Teck Deputy Chairman/ Executive Director Independent Non-Executive Director Hj Ahmad bin Hj Ismail, PJK Hong Lay Chuan Independent Non-Executive Director Executive Director Dato’ Siew Mun Wai Independent Non-Executive Director AUDIT COMMITTEE COMPANY SECRETARY PRINCIPAL BANKERS Guido Paul Philip Joseph Ravelli Hor Shiow Jei Affin Bank Berhad Chairman (MAICSA 7023954) Alliance Bank Malaysia Berhad (SSM Pc No.
    [Show full text]
  • Go Global Fa
    MESSAGE FROM YB DATO’ SERI S. SAMY VELLU MINISTER OF WORKS, MALAYSIA It is a pleasure to pen this message in Master Builders Association Malaysia (MBAM) Going Global publication.I congratulate MBAM’s initiative in compiling this useful and informative publication of industry players both overseas and local. This publication will serve as a marketing tool for the Ministry of Works, Malaysia as well as other construction related agencies such as Construction Industry Development Board (CIDB) and Malaysia External Trade Development Corporation (MATRADE) to promote the Malaysian construction services in the global market during their missions abroad. In brief, this publication aims to promote export of Malaysian construction services and highlight to the international community that members of MBAM are competent and have good track record to undertake contracting businesses globally. In conclusion,I would like to congratulate MBAM and everyone involved for their excellent effort by publishing this comprehensive publication. I would urge everyone to make full use of this publication to learn what Malaysian Master Builders have to offer in terms or products, resources and services. DATO’ SERI S. SAMY VELLU Going Global • 1 MESSAGE FROM YBhg DATUK Ir. HAMZAH HASAN CHIEF EXECUTIVE, CIDB MALAYSIA On behalf of the Construction Industry, I wish to offer my congratulations to MBAM for the publication of the Malaysian Construction Companies with the aim of promoting exports of Malaysian construction services and highlighting our achievements. The nation’s aspiration toward 2020 has begun with the 9th Malaysia Plan. The challenge to meet the aspirations of the general public requires knowledgeable human capital, hands-on capabilities, competency and positive value-systems.
    [Show full text]
  • Annual-Report-2004.Pdf
    Commerce Asset-Holding Berhad (50841-W) Creating Value annual report 2004 Commerce Asset-Holding Berhad (CAHB) is today a leading financial services group in the region. This year’s annual report features a traditional game known as ’congkak’. Just as a congkak player strategises to accumulate as many playing seeds as possible, CAHB is focused on maximising its strengths to create long-term value. With well integrated capabilities, the Group will continue to move forward in an increasingly global and competitive operating environment. All with the aim of providing the level of returns expected of a world class financial services group. Five Year Group Financial 2004 2003 2002 2001 2000 1. Income (RM’000) (i) Profit before provision 2,224,085 1,872,388 1,548,366 1,494,666 1,331,025 (ii) Profit before taxation 1,090,124 1,240,867 747,575 515,568 830,032 (iii) Net profit for the financial year 752,227 782,300 565,444 357,546 535,745 2. Balance Sheet (RM’000) Assets (i) Total assets excluding contra+ 111,970,661 97,933,977 91,466,723 74,642,055 72,207,468 (ii) Total assets including contra*+ 120,546,815 105,658,371 98,591,949 81,913,336 79,098,983 (iii) Loans and advances 62,603,030 54,496,898 48,771,610 42,214,908 38,800,603 Liabilities and Shareholders’ Funds (i) Total deposits 81,623,044 71,505,038 69,068,298 55,109,043 53,732,092 (ii) Paid-up capital 2,691,740 2,628,960 2,586,290 1,184,647 1,183,312 (iii) Total shareholders’ funds+ 8,787,739 7,899,587 7,169,199 5,827,597 5,606,424 3.
    [Show full text]
  • Kuala Lumpur
    Kuala Lumpur Business Name Address 99Speedmart Nationwide Absolute Thai Nationwide AEON Nationwide AEON MaxValu Nationwide AEON Wellness Nationwide AGift With Care Nationwide All IT Hypermarket Nationwide Anakku Nationwide ASTERSPRING Nationwide Ban Heang Nationwide Bee Cheng Hiang Nationwide BEST Denki Nationwide BIG Pharmacy Nationwide Blink Threading & Waxing Studio Nationwide BODY GLOVE Nationwide BP Diagnostic Centre Nationwide Bratpack Nationwide Breadstory Nationwide BreadTalk Nationwide Caring Pharmacy Nationwide Celmonze Nationwide Cempaka Sari Florist Nationwide CNI Enterprise Nationwide Cosas United Nationwide Courts Malaysia Nationwide Crocs Nationwide Daboba Nationwide DUNKIN DONUTS Nationwide Eco Shop Nationwide Econsave Nationwide Energized Nationwide F.O.S Nationwide Felancy Nationwide FIPPER Nationwide The Fish Bowl Nationwide Focus Point Nationwide Gadgets World 666 Nationwide Giant Nationwide GINDACO Nationwide Go Noodle House Nationwide Guardian Nationwide Hai-O Raya Nationwide Hair Depot Nationwide Hanbing Nationwide Hannan Medispa Nationwide Havaians Nationwide Healthland Nationwide Healthlane Pharmacy Nationwide Hero Market Nationwide Hi Style Nationwide Himalaya Nationwide HOME'S HARMONY Nationwide Hometown Hainan Coffee Nationwide J & T EXPRESS Nationwide Jasmina Collection Nationwide JELLY BUNNY Nationwide JLD Nationwide Juice Works Nationwide Kakiyuki Nationwide KFC Nationwide KKMart Nationwide Komugi Nationwide Krispy Kreme Nationwide Kwik & Ez Nationwide Kyochon 1991 Nationwide La Juiceria Nationwide LEATHER
    [Show full text]