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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. -
KSL HOLDINGS BERHAD (511433-P) Ann U Al Repor T 2010 Ann U Al Repor T 2010 KSL HOLDINGS BERHAD (511433-P)
KSL HOLDINGS BERHAD (511433-P) ann U al repor T 2010 ann U al repor T 2010 KSL HOLDINGS BERHAD (511433-P) CONTENTS PAGE Corporate Information 2-3 Notice of Annual General Meeting 4-7 Statement Accompanying Notice of Annual General Meeting 7 Group Corporate Structure 8 Chairman’s Statement 9-14 Five-Year Financial Highlights 15 Directors’ Profile 16-18 Corporate Social Responsibility 19 Corporate Governance Statement 20-27 Statement on Internal Control 28-29 Audit Committee Report 30-34 Financial Statements 35-94 List of Major Properties Held by the Group 95 Analysis of Shareholdings 96-98 Statement in relation to Proposed Renewal of Authority to Purchase Its Own Shares by KSL Holdings Berhad 99-106 Form of Proxy Enclosed ~ 1 ~ KSL HOLDINGS BERHAD (511433-P) ann U al repor T 2010 CORPORATE INFORMATION BOARD OF DIRECTORS 1. Ku Hwa Seng (Executive Chairman) 2. Khoo Cheng Hai @ Ku Cheng Hai (Group Managing Director) 3. Ku Tien Sek (Executive Director) 4. Lee Chye Tee (Executive Director) 5. Gow Kow (Independent Non-Executive Director) 6. Goh Tyau Soon (Independent Non-Executive Director) 7. Tey Ping Cheng (Independent Non-Executive Director) AUDIT COMMITTEE Chairman Gow Kow (Independent Non-Executive Director) Members 1. Goh Tyau Soon (Independent Non-Executive Director) 2. Tey Ping Cheng (Independent Non-Executive Director) COMPANY SECRETARY Ng Yim Kong (LS 0009297) c/o Strategy Corporate Secretariat Sdn. Bhd. Unit 07-02, Level 7, Persoft Tower, 6B Persiaran Tropicana, 47410 Petaling Jaya Selangor Darul Ehsan Tel: 03-7804 5929 / Fax: 03-7805 2559 REGISTERED OFFICE Wisma KSL, 148, Batu 1 ½, Jalan Buloh Kasap 85000 Segamat, Johor Darul Takzim Tel: 07-931 1430 / Fax: 07-932 4888 E-mail: [email protected] Website: http://www.ksl.net.my AUDITORS Ernst & Young (AF: 0039) Chartered Accountants Suite 11.2, Level 11, Menara Pelangi 2, Jalan Kuning, Taman Pelangi 80400 Johor Bahru, Johor Darul Takzim Tel: 07-334 1740 / Fax: 07-334 1749 Website: http://www.ey.com ~ 2 ~ ann U al repor T 2010 KSL HOLDINGS BERHAD (511433-P) PRINCIPAL BANKERS 1. -
Investor Update 31 December 2014 2014
INVESTOR UPDATE 31 DECEMBER 2014 2014 TH QUARTERLY REPORT From The Desk Of The Chairman Dear Shareholders, We are pleased to announce that PPB Group’s revenue rose by 12% to RM3.7 billion for year 2014 mainly driven by growth in most of the Group’s core segments. PPB Group posted an unaudited proft before tax of RM1.03 billion for year 2014, down 3% from the year before. The lower proft was due to reduced proft contribution from Wilmar International Limited, lower income from investment in equities and losses in the packaging business reported within “Other Operations”. Most of the Group’s core segments achieved better results for year 2014. Proft for the year was RM938.9 million and earnings per share stood at 77.33 sen. The Board of Directors has recommended a fnal single tier dividend of 16 sen per share for the fnancial year ended 31 December 2014 subject to shareholders’ approval at the forthcoming Annual General Meeting. The fnal single tier dividend is payable on 29 May 2015 and together with the interim single tier dividend of 7 sen per share, the total dividend for fnancial year 2014 would be 23 sen per share compared with 25 sen paid in respect of year 2013. 2 From The Desk Of The Chairman (Cont’d) GOING FORWARD CSR ACTIVITIES The performance of the Group’s four, feed and food-related PPB Group through its 80%-subsidiary, FFM Berhad, was prompt businesses should be sustainable, based on their enlarged to reach out to the food victims who were badly hit by the distribution channels and market share. -
Sungei Wang Plaza
GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG PLAZA THE MINES EAST COAST MALL GURNEY PLAZA SUNGEI WANG -
Media Release Events & Happenings Go Shopping and Enjoy!
MEDIA RELEASE EVENTS & HAPPENINGS GO SHOPPING AND ENJOY! 1MALAYSIA YEAR END SALE 2015 (14 NOVEMBER 2015 – 3 JANUARY 2016) It’s the year-end school holidays and festive season. A time to take a break, celebrate, chill out, dine and SHOP! Yes, shop, and now say 1MYES for 1Malaysia Year End Sale. It’s the biggest sale bonanza of the year with BIG bargains, BIG offers and BIG rewards at shopping outlets nationwide for nearly two months. That’s not all. Expect special deals and price cuts during back-to-school sales, which will bring huge relief to moms and dads. Bring the whole family and enjoy a fun day of outing. There are also special rewards for tourists, such as tourist privilege cards, tax-free shopping, gift redemptions with purchases and GST refund at exit points. A long line-up of events and activities awaits everyone. It will be a fun time for all. Contests, promotions, prize galore, songs and dances, art and crafts, Christmas shopping, meet and greet Santa, New Year’s Eve party and much more will build up the momentum before curtains call to say goodbye to 2015, and hello 2016! Don’t miss out on the fun. In fact 1MYES extends right into the New Year. Check out 1MYES special offers, events and happenings throughout the country. PENANG 1st Avenue Year End Sale Shop & Win Shopper Rewards (14 Nov 2015 to 3 Jan 2016) – Stand a chance to win exclusive holiday packages from Royal Caribbean cruise for 2 with same-day purchases of RM100 & above in a single receipt. -
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 -
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. -
Get RM600 Off 360 Wireless Audio R1 (WAM1501) When You Purchase Galaxy S7 & S7 Edge
Get RM600 Off 360 Wireless Audio R1 (WAM1501) When you purchase Galaxy S7 & S7 edge. From 5th August 2016 onwards PURCHASE RRP: RM3099 GET NOW: RM399 RRP: RM999 • 360 Directional Sound • Intuitive Interface • Surround Sound System Terms and conditions apply. Promotion valid while stocks last. Image for illustration purposes only. Promotion price is inclusive of GST. Samsung Malaysia Electronics Sdn. Bhd. (629186 D) Terms and Conditions Duration 1. PWP Bundle of Samsung Galaxy S7 or S7 edge with R1 Wireless Audio WAM1501/XM (“Promotion”) will be take place from 5th August 2016 (“Promotion Period”) on a first-come-first-served basis and last till while allocated stocks last. Eligibility 1. This Promotion is open to all residents of Malaysia, 18 years of age and above that purchase a Samsung Galaxy S7 or S7 edge with R1 Wireless AudioWAM1501/XM (Beige) during the Promotion Period. How to Participate 1. Purchase the Samsung Galaxy S7 or S7 edge at a participating Samsung authorized dealers as listed herein (“Dealers”) during the Promotion Period and be entitled to purchase R1 Wireless Audio WAM1501/XM (Beige) at PWP price of RM399 (RRP RM999) NO STATE/CITY DEALER NAME SES OUTLET KUALA 1 ASIA MOBILE RETAIL SDN BHD SES @ LOW YAT PLAZA LUMPUR KUALA 2 ASIA MOBILE RETAIL SDN BHD SES @ PUBLIKA LUMPUR KUALA 3 MOBILE OCEAN ELEVEN SDN BHD SES @ SETAPAK CENTRAL LUMPUR KUALA 4 MOBILE OCEAN ELEVEN SDN BHD SES @ NU SENTRAL LUMPUR KUALA 5 MTCS GROUP SDN BHD SES @ LOW YAT LUMPUR KUALA 6 NETCOM MOBILITY SDN BHD SES @ BERJAYA TIME SQUARE LUMPUR KUALA 7 SBS -
Asia-Pacific
Program ASIA-PACIFIC 22 – 25 October 2018 Mandarin Oriental | Kuala Lumpur, Malaysia #ICSCRECon Mandarin Oriental | Kuala Lumpur, Malaysia 22 – 25 October 2018 #ICSCRECon ABOUT THE EVENT RECon Asia-Pacific is the premier event in the region to network with the leaders of the retail real estate industry, to develop your professional skills and to discover new business opportunities. Much more than just commercial entities, successful shopping centres and retailers help build communities, fuel local economies and inspire innovation. To guarantee your future in the retail real estate industry you must continually ensure that your shopping centre and stores deliver an experience beyond the simple purchase of goods and services. RECon Asia-Pacific will provide inspirational vision and the practical advice you need to succeed. RECon Asia-Pacific will also feature discovery tours of Kuala Lumpur’s leading shopping centres on Monday, 22 October, the presentation of ICSC Asia-Pacific Shopping Center Awards and a NextGen workshop for young professionals on Thursday, 25 October. Gold Sponsor Awards Dinner & Lanyard Sponsor Silver Sponsor Luncheon Sponsors Conference Bag Sponsor Supported by HRDF Claimable Supporting Associations ABOUT THIS EVENT SERIES RECon is the world’s largest global gathering of retail real estate professionals. Join leading developers, owners, brokers and retailers to conduct a year’s worth of business under one roof, in record time. Monday, 22 October | Tuesday, 23 October 3 MONDAY, 22 OCTOBER 09:00 – 09:15 Official Welcome 09:00 – 16:00 YB Tuan Mohamaddin bin Ketapi Minister of Tourism, Arts and Culture Shopping Centre Tour 1 Malaysia (Invited) 1. Suria KLCC 2. -
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. -
Malaysia Property Market Trend Analysis (Commercial)
Property Market Trend Analysis Commercial Savills Malaysia May 2019 GREATER KL Retail Market Overview Retail Supply in Greater KL . Well-supplied market, Cumulative Retail Supply in Greater KL with 64 mil sq ft of KL City KL Suburbs Outer KL Greater KL shopping mall & Future Supply: hypermarket in the +21 mil sf region. 90.00 85 . Basically, both the office 84 78 and retail markets are 80.00 bracing for an additional 69 70.00 20 million sft of supply 64 62 by 2022 (each), but for 61 60.00 57 retail, the current supply 54 base is half that of office; 48 49 50.00 46 hence, the % growth will 42 be twice as high. 39 40 40.00 38 . Of the total retail supply in Greater KL: - Retail Sapce (mil sf) 30.00 Selangor: 57% 20.00 KL Suburb: 25% KL City: 18% 10.00 0.00 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019e 2020e 2021e 2022e Source: Savills Research 3 Future Retail Supply in Greater KL Future Supply in the Greater KL . Strong competition in the coming years with at Selangor KL Suburbs KL City least 20 mil sq ft retail . Empire City Mall space in the pipeline. 10.00 . Pavilion Bukit Jalil . KSL City Mall 9.00 . The Exchange Mall 8.00 . Mitsui Shopping Park Lalaport . Pavilion Damansara Heights 7.00 . IOI City Mall 2 6.00 6.20 5.00 Tropicana Gardens Mall 1.10 4.00 . Mall @ 1.94 Redevelopment of Plaza Rakyat Retail Space(million ft) sq 3.00 3.08 2.00 1.80 2.63 1.00 0.32 1.02 1.25 0.50 0.00 2019e 2020e 2021e 2022e Source: Savills Research 4 Average Retail Occupancy Rate Retail Occupancy Rate of Greater KL .