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Forging Sustainable Gr Wth
FORGING SUSTAINABLE GR WTH ANNUAL REPORT 2018 KEY +HIGHLIGHTS 2 20.4% CORPORATE PROFILE REVENUE GREW TO RM400.7 MILLION +12.4% EBITDA GREW TO RM127.1 MILLION CHAIRMAN’S STATEM4ENT +10.9% PROFIT BEFORE TAXATION INCREASED TO RM75.1 MILLION +1.2 Sen EARNINGS PER SHARE HIGHER AT 15.3 SEN 10 MANAGEMENT DISCUSSION & ANALYSIS INSIDE THIS REPORT Corporate Profile 2 Our Vision, Mission & Core Values 3 Chairman’s Statement 4 Management Discussion and Analysis 10 Group’s Performance 5-Year Financial Highlights 30 Group Corporate Structure 32 Corporate Information 34 Board Committees 35 Board of Directors 36 Suria in the News 68 Board of Directors’ Profile 38 Share Price and Volume Traded 2018 70 Executive Management Committee Members’ Profile 46 Statement on Corporate Governance 71 Summary of Sustainability Report 2018 50 Additional Compliance Information 92 Highlights of Corporate Events 64 Statement on Risk Management and Internal Control 93 Highlights of Investor Relations Events 66 Audit Committee Report 106 Financial Statements 110 List of Properties 222 Shareholders’ Information 225 Notice of Annual General Meeting 228 Statement Accompanying Notice of Annual General Meeting 231 Proxy Form • COVER RATIONALE The strategic location of the State of Sabah within the BIMP-EAGA region and access to global connectivity are key in various facets of SuriaGroup’s business growth. The map of the State of Sabah symbolises the impact that SuriaGroup has had on Sabah’s development over the years with strong support from its Board of Directors, employees, stakeholders and shareholders. The compass symbolises SuriaGroup’s focus in delivering value from its strategic businesses and is poised to venture into new business spheres as it pursues new opportunities. -
Real Estate Highlights Kuala Lumpur - Penang - Johor Bahru • 1St Half 2008
Research Real Estate Highlights Kuala Lumpur - Penang - Johor Bahru • 1st Half 2008 Contents Kuala Lumpur Hotel • Condominium Market 2 • Office Market 5 • Retail Market 8 • Hotel Market 10 Penang Property Market 12 Retail Johor Bahru Property Market 14 Residential Office Executive Summary Kuala Lumpur • The high end condominium market stabilised in the first half of 2008 in terms of take up, capital values and rentals. • Rentals and occupancies of prime offices continued to rise due to the current tight supply of good quality office buildings. • Several retail centres located at fringes of KL City are undergoing refurbishment works to remain competitive. • The performance of the hotel industry had been resilient attributed to high tourist arrivals and receipts, which led to the increase in average room rates and occupancies. Penang • Most of the high end condominium projects which are nearing completion have been sold, with prices being revised upwards. • The retail industry performed well with higher tourist arrivals in Penang. • The asking rentals of newly completed offices with better IT facilities are ranging from RM2.50 to RM3.50 per sq ft per month. Johor • The high end residential market is gaining momentum with the positive development of Iskandar Malaysia. • Prime retail centres continued to enjoy growth in rentals and occupancies. • Office sector remains healthy at an average occupancy of 70%. 2 Real Estate Highlights - Kuala Lumpur | Penang | Johor Bahru • 1st Half 2008 Knight Frank Figure 1 Projection of Cumulative Supply Kuala Lumpur High End Condominium Market for High End Condominium (2008 - 2010) Market Indications 30,000 The high end condominium market generally stabilised during the first six months of the year with one 25,000 notable new project, The Regent Residences (across Twin Towers), recording prices in excess of RM2,500 per sq ft. -
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. -
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 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. -
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. -
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 . -
Business Name Business Category Outlet Address State 2020 Motor
Business Name Business Category Outlet Address State 2020 Motor Automotive TB 12186 LOT A 13 TAMAN MEGAH JAYA,JALAN APASTAWAU Sabah 616 Auto Parts Co Automotive Kian yap Industrial lot 113 lorong durians 112 Lorong Durian 5 88450 Kota Kinabalu Sabah Malaysia Sabah 88 Bikers Automotive D-G-5, Ground Floor, Block D, Komersial 88/288 Marketplace, Ph.10A, Jalan Pintas, Kepayan RidgeSabah Sabah Alpha Motor Trading Automotive Alpha Motor Trading Jalan Sapi Nangoh Sabah Malaysia Sabah anna car rental Automotive Sandakan Airport Sabah Apollo service centre Automotive Kudat Sabah Malaysia Sabah AQIQ ENTERPRISE Automotive Lorong Cyber Perdana 3 Penampang Sabah Malaysia 89500 Sabah ar rizqi Automotive Beaufort, Sabah, Malaysia Sabah Armada KK Automobile Sdn Bhd Automotive Ground Floor, Lot No.46, Block E, Asia City, Phase 1B Sabah arsy hany car rental Automotive rumah murah peringkat 1 no 54 Pekan Beaufort Sabah Atlanz Tyres Automotive Kampung Keliangau, Kota Kinabalu, Sabah, Malaysia Sabah Autocycle Motor Sdn Bhd Automotive lot 39, grd polytechnic, 8, Jalan Politeknik, Tuaran, Sabah, Malaysia Sabah Autohaven Superstore Automotive kg sin san peti surat 588 Kudat Sabah Malaysia Sabah Automotive Electrical Tec Automotive No 3, Block H, Hakka Building, Mile 5,5, Tuaran Road, Inanam, Kota Kinabalu, Sabah, Malaysia Sabah Azmi Sparepart Automotive Papar Sabah Malaysia Sabah Bad Monkey Garage Automotive Kg Landong Ayang Jln Landong Ayang 2 Kg Landong Ayang Jalan Landong Ayang II Kudat Sabah Malaysia Sabah BANLEE MOTOR Automotive BANLEE MOTORBATU 1 JLN MERINTAMAN98850 -
Management Discussion and Analysis
022 MANAGEMENT SURIA Capital HOLDINGS BERHAD DISCUSSION AND ANALYSIS SUMMARY OF SURIAGROUP’S STATEMENTS OF FINANCIAL POSITION TOTAL ASSETS (RM’000) 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - Property, Receivables, plant and Concession deposits and Cash and cash Deferred tax assets equipment assets prepayments equivalents and tax recoverable Other assets 2019 60,000 836,696 294,700 114,813 20,491 49,826 2018 60,668 860,128 294,401 122,292 31,540 48,090 SUMMARY OF SURIAGROUP’S STATEMENTS OF FINANCIAL POSITION TOTAL EQUITY & LIABILITIES (RM’000) 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - Taxations and Share Payables and deferred tax Concession capital Reserves accruals Borrowings liabilities liabilities 2019 358,825 754,578 56,799 28,149 58,402 118,694 2018 358,825 719,651 64,559 95,032 57,549 121,512 023 MANAGEMENT ANNUAL REPORT 2019 DISCUSSION AND ANALYSIS MANAGING RISK SuriaGroup acknowledges the importance of having a robust risk management system to identify critical risks and formulate mitigation plans to minimise any adverse impact and ensure sustainable business growth. By managing risks well, we believe that we provide greater certainty and confidence to all our stakeholders and shareholders. The following are the details relating to the key risks faced by SuriaGroup and how we had been managing them during the year under review: KEY RISK DESCRIPTION & IMPACT MITIGATION 1) Strategic Risk • At least 80% of SuriaGroup’s • Diversification of business into property segment • High dependency income is derived from port through the development of Jesselton Quay and One on port operations. -
Property Market Review 2018 / 2019 Contents
PROPERTY MARKET REVIEW 2018 / 2019 CONTENTS Foreword Property Northern 02 04 Market 07 Region Snapshot Central Southern East Coast 31 Region 57 Region 75 Region East Malaysia The Year Glossary 99 Region 115 Ahead 117 This publication is prepared by Rahim & Co Research for information only. It highlights only selected projects as examples in order to provide a general overview of property market trends. Whilst reasonable care has been exercised in preparing this document, it is subject to change without notice. Interested parties should not rely on the statements or representations made in this document but must satisfy themselves through their own investigation or otherwise as to the accuracy. This publication may not be reproduced in any form or in any manner, in part or as a whole, without writen permission from the publisher, Rahim & Co Research. The publisher accepts no responsibility or liability as to its accuracy or to any party for reliance on the contents of this publication. 2 FOREWORD by Tan Sri Dato’ (Dr) Abdul Rahim Abdul Rahman 2018 has been an eventful year for all Malaysians, as Speed Rail) project. This move was lauded by the World witnessed by Pakatan Harapan’s historical win in the 14th Bank, who is expecting Malaysia’s economy to expand at General Election. The word “Hope”, or in the parlance of 4.7% in 2019 and 4.6% in 2020 – a slower growth rate in the younger generation – “#Hope”, could well just be the the short term as a trade-off for greater stability ahead, theme to aptly define and summarize the current year and as the nation addresses its public sector debt and source possibly the year ahead. -
Participating Outlet Details
Participating Outlet Details: Locations Tel No. Business Address Hartamas Shopping Centre (03) 6205 1812 Lot P-5, Plaza Floor, Hartamas Shopping Centre, No.60, Jalan Sri Hartamas 1, Sri Hartamas, 50480 Kuala Lumpur. Lot 10 (03) 2145 9186 (Cashier) Lot G6 & G7, Ground Floor, Lot 10 Shopping Centre, 50, Jalan Sultan Ismail, 50250 Kuala Lumpur. Mid Valley Megamall 2 (03) 2283 5981 Lot G-034A, Ground Floor, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur. Setapak Central (03) 4131 8211 Lot G57, Ground Floor, Setapak Central, 67, Jalan Taman Ibu Kota, Taman Danau Kota, 53300 Setapak, Kuala Lumpur. Cheras Leisure Mall 2 (03) 9130 7886 L2-55A, 56 & 56A, Level 2, Cheras Leisure Mall, Jalan Manis 6, Taman Segar Cheras, 56100 Kuala Lumpur. Pavilion2 (03) 2141 4806 Lot 1.22, Level 1, Pavilion Kuala Lumpur, No.168, Jalan Bukit Bintang, 55100 Kuala Lumpur. Sunway Velocity (03) 2788 3313 G13 & 14, Sunway Velocity, 80, Jalan Cheras, 55100 Kuala Lumpur. (03) 4161 2287 (Store Melawati Mall room) Lot GF05,UP 2-01, Melawati Mall, (03) 4162 2290 (Cashier) 355, Jalan Bandar Melawati, Pusat Bandar Melawati, 53100 Kuala Lumpur. Bangsar Shopping Centre (03) 2092 3969 Lot G119, G120 & G121, Ground Floor, Bangsar Shopping Centre, 285, Jalan Maarof, Bukit Bandaraya, 59000 Kuala Lumpur. AEON Metro Prima Kepong (03) 6179 3560 Lot G27, AEON Metro Prima Shopping Centre 1, Jalan Metro Prima, Taman Kepong, 52100 Kuala Lumpur. Wangsa Walk Mall (03) 4131 4271 (Cashier) Lot G21, Wangsa Walk Mall, Wangsa Avenue, (03) 4131 0579 (Office) No.9, Jalan Wangsa Perdana 1, Bandar Wangsa Maju, 53300 Kuala Lumpur. -
MEDIA RELEASE RTS LINK PROJECT PUBLIC INSPECTION GOES VIRTUAL Public Invited to View Materials Online and Share Their Feedback in Three-Month Long Exercise
MEDIA RELEASE RTS LINK PROJECT PUBLIC INSPECTION GOES VIRTUAL Public invited to view materials online and share their feedback in three-month long exercise Kuala Lumpur, 14 January 2021: Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) wishes to announce that the Public Inspection for the Rapid Transit System Link (RTS Link) between Johor Bahru and Singapore Project will begin on 15 January 2021 and run until 15 April 2021. In view of the Movement Control Order (MCO) that came into effect on 13 January 2021 in the Federal Territory of Kuala Lumpur and Johor as well as several other states, the Public Inspection will now be implemented virtually. All documents and materials for the Public Inspection is made available online in MRT Corp’s website at www.mymrt.com.my. MRT Corp had earlier intended to open two physical Public Inspection locations, one at the Agensi Pengangkutan Awam Darat (APAD) Headquarters in Kuala Lumpur, and the other in KOMTAR JBCC in Johor Bahru. These two locations had been publicised in a series of notices which appeared in Berita Harian, The Star and Nanyang Siang Pau newspapers. Although these locations cannot be opened for now, MRT Corp will open these locations to the public once the MCO is lifted. MRT Corp will make an announcement when the locations can be reopened. The three-month Public Inspection is a requirement under Section 84 of the Land Public Transport Act 2010. During the exercise, information about the RTS Link Project, such as the alignment plan and profile, station site context plan, rolling stock and details on land which may have to be acquired for the project will be made available to the public for viewing.