Highlights
KLSE: LANDMRK (1643)       LANDMARKS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.51   +0.015 (3.03%)  0.475 - 0.51  42,100
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Overview

Market Cap: 270 Million
NOSH: 529 Million
Avg Volume (4 weeks):30,452
4 Weeks Range:0.46 - 0.52
4 Weeks Price Volatility (%):
83.33%
52 Weeks Range:0.41 - 0.63
52 Weeks Price Volatility (%):
45.45%
Average Price Target: 1.38
Price Target Upside/Downside: +0.87
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  20-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  28-Feb-2020
T4Q P/E | EY: -4.57  |  -21.88%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 3.14  |  0.16
T4Q NP Margin | ROE: -53.64%  |  -3.55%

Headlines

Date Subject
26-Jul-2019 Trading Stocks - Landmarks

Business Background

Landmarks Bhd operates as an investment holding company. Along with its subsidiaries, the company is engaged in the Hospitality and wellness and Resort and destination development segment. In Hospitality and wellness segment it offers the provision of hotel management and wellness services. In Resort and destination development segment it is engaged in the development of resorts and properties. Its properties include The Canopi Resort, The Andaman Resort, and Treasure Bay Bintan. It operates in Malaysia and Indonesia and earns the majority of the revenue from Malaysia from its Hospitality and wellness segment.
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  4 people like this.
 
Good123 expecting landmarks bhd as one of the dark horses this year . :)
25/04/2019 2:17 PM
Good123 privatizing landmarks, relist it without bintan resorts ... make money plus get bintan resorts free rm2bil+ as assets... ipo for the relisting also make money too.... the top mgmt of landmarks should do financial engineering of the company. good luck
25/04/2019 2:20 PM
Victor Yong If we value landmarks bhd based on its net assets, it should be worth about RM1.7billion... haha

number of shares issued 529mil x RM3.21 net assets per share =RM1.698billion


Market Cap: RM243 Million
NOSH: 529 Million
25/04/2019 2:30 PM
Victor Yong :)

Gaming license a possible future wildcard - Last but not least, Landmark, a 30%-Genting Bhd owned company, could potentially opened the first casino in TBB. In 2008, Landmark has received consent from Indonesia authority to operate gaming business in TBB. However, there are no much development after that and starting a gaming business in a country that do not have casino before can be challenging from politic and social point-of-view. Hence, it is safer not to incorporate this development into the valuation, but it can be a wildcard in the future.


Genting Bhd has on 2008 acquired 30% share in Landmark Bhd at share price of around RM2.00 per share and has since become the largest shareholder of the company.



The Tanah Merah Ferry Terminal was built in 1995. In 2007 the terminal underwent a S$3 million renovation to improve the space to better serve its passengers and customers. Currently 4 berths serve regional ferries that travel to destinations to the South and East of Singapore, including:
– Nongsapura, Batam
– Batam Centre, Batam
– Pulau Lobam, Bintan
– Bintan Lagoon, Bintan
– Tanjung Pinang, Bintan
– Telok Sebong (Bintan Resorts), Bintan
25/04/2019 2:34 PM
Victor Yong Breakthrough this year probably. :)


Prospects

The Andaman continues to show better performance. The Board expects The Andaman’s occupancy and room rate to further improve in 1st quarter of 2019 due to peak season.
The conversion and rebranding of The Canopi Bintan to a Tribute Portfolio resort managed by Marriott International was completed in January 2019. We expect The Canopi’s performance to improve in view of better room rates as a 5-Star resort.
Construction of another 100 Tents resort in TBB will be completed in 1st quarter of 2019. This event lead resort will bring a different glamping experience to our guests. We expect this unique concept resort will be a hit amongst the young millennia and is expected to start contributing to the Group’s revenue in 2nd quarter of 2019.
Thorough planning and evaluation of market economics has led to the Board’s decision to reposition the business model of the Chiva-Som Bintan development. In view of the current market conditions, the Board strategically believes that embarking on the resort hotel & wellness facility first, would enhance the potential development value of the villa residences.


KUALA LUMPUR(May 24): Loss-making hospitality and property company Landmarks Bhd hopes to turn profitable by its financial year ending Dec 31, 2018 (FY18), according to its chief executive officer Mark Wee Liang Yee.

"We are aiming [for our earnings] to break even by the end of FY 17, and then to have recurring income to bring us back into the black by FY 18," Wee said after the group's annual general meeting today.



Wee said that the company's turnaround is expected to be driven by recurring revenue from its Treasure Bay Bintan development in Bintan, Indonesia, a 338 hectare (ha) plot of land, to which he says the group plans to add hotels and attraction sites.



"Currently, we have only one resort on the Treasure Bintang development called the Canopi Resort, which has100 tented glamorous camping suites, but [we plan to add further resorts in the future]," he says but declined to reveal the how many additions there will be.



Wee added that the infrastructure of Phase 1 of the 850-acre development has already been completed, and the group has thus far seen a 15% contribution from Treasure Bay to its overall revenue, since 2016.



There will be more phases of development moving forward, however Wee said that these are still in planning stages as the size of the land area is large.



The Treasure Bintang development was officially completed and launched in 2015.



Landmarks Bhd is a 30.3% associate of Genting Bhd.
25/04/2019 2:41 PM
Victor Yong goodlah.... harvest now

The Treasure Bintang development was officially completed and launched in 2015.



Landmarks Bhd is a 30.3% associate of Genting Bhd.
25/04/2019 2:44 PM
Victor Yong maybe, another group like penta will rush in to buy a lot and then sell to genting bhd like what penta did to bjcorp with bjland shares haha
25/04/2019 2:48 PM
Victor Yong Market Cap: 243 Million x 69.7% not owned by genting bhd = RM169mil+ only if genting bhd want to privatize it based on current price.. if top up a bit premium, maybe, around RM200mil++ very affordable haha


NOSH: 529 Million

Landmarks Bhd is a 30.3% associate of Genting Bhd.
25/04/2019 2:51 PM
Victor Yong yes, harvesting this year :)

Landmarks upbeat on RM2b Bintan project
Friday, March 31st, 2017 at , Business | Corporate Malaysia

Landmarks Bhd has embarked on Phase 1 and Phase 2 of its RM2 billion Treasure Bay Bintan project with plans to open its iconic 800m long crystal water lagoon by June and begin the construction of at least two hotels surrounding the lagoon by year-end.

Landmarks COO Fong Chee Khuen said the group plans to have eight to nine hotels surrounding the lagoon covering some 15 acres (6.07ha) and almost 80% of Phase 1 of the project has been earmarked.

“We plan to launch two hotels by year-end. The design is almost done, we are just left with detailed engineering drawing, then we can go for tender.

“The infrastructure surrounding the Phase 1 development is already there. We expect to complete the construction of the proposed two hotels within two years,” said Fong.

Interest in the proposed project has been encouraging.

Fong said Landmarks has already signed up with Mercure, Ibis, Canyon Ranch and Chiva’som for Phase 1 of the project and is in discussion with another five international brands, with two to three of the discussions in advanced stage.

The hotels could be jointly developed by Landmarks with its promoters while the proposed “Canyon Ranch” development in Phase 1 will be developed and then sold to the Canyon Ranch group, according to Fong.

Covering some 338ha, the Treasure Bay Bintan project in Indonesia will draw on the concept of wellness, culture and leisure (preventive healthcare themes) with its masterplan integrating tourism, wellness, culture, leisure, residential and commercial real estates.

Phase 2 of the project development will draw on the wellness themes and is set to be launched soon while Phase 3 will be a town centre to support the scale of the hospitality development activities across the project.

Fong said Landmarks has invested about RM800 million on the development of the project so far and the land value has appreciated significantly over the years with the development of Bintan.

“We bought the land at around S$22 per sq ft in 2008. Now looking at the competitors, their properties are being sold at the price exceeding S$500 (RM1,348) sq ft.

“Bintan is starting to enjoy this kind of pricing. Buyers are purchasing the surrounding land and waiting.

“The land cost is only 10% to 20% of the total gross development value (GDV) while construction cost is manageable. Those who come in early can later enjoy double-digit return on investment. The capital appreciation is good,” said Fong.

Of the RM800 million invested so far, about RM700 million was for the land while the remaining is for the lagoon and required infrastructure.

Fong said access to the island is set to improve with the construction of a new airport by 2017. The island already has ferry services connecting to Singapore and an airport catering for domestic flights.

From a financial perspective, Landmarks is cash-rich but its profit and loss statement is still lacking.

For fourth-quarter ending 2014, the company posted a net profit of RM8.2 million from a revenue of RM12.5 million but for the full financial year, it remained in the red with a net loss of RM5.3 million on revenue of RM53.6 million.

Nonetheless, Fong expects the company, which is substantially owned by Genting Bhd, to post a more sustainable turnaround by financial year ending 2016 (FY16).

The Bintan development was funded by cash mainly generated from the RM1.2 billion gains from the disposal of some assets such as Teknologi Tenaga Perlis Sdn Bhd and Datai Langkawi.

Landmarks also has RM468.79 million of deferred tax liabilities that were allocated for future tax exposure but could now be claimed back as the transaction tax rates in Indonesia have been declining.

The company will not be doing any further divestments in Malaysia nor does it plan to embark on anything new at the moment, added Fong.

“In Malaysia, we will keep it as it is first. If the project in Bintan runs smoothly, we can always come back to Malaysia. There’s still a lot of potential here,” said Fong.

Fong said Landmarks’ focus at the moment remains very much on the Treasure Bay project which will be targeting inbound tourists from the region, where incomes are rising, including potential referrals from the Genting group.

The group has no plans to venture further out of the region, said Fong.

Landmarks’ ventures in Malaysia now include the Andaman Langkawi resort, a 20% stake in Wangsa Walk Mall and another 18% stake in Eastern & Oriental Express Sdn Bhd. The company does not have any plan to divest its interests but if the price is right, the company may consider offers, said Fong.

Landmarks still has 7ha of land surrounding Andaman Langkawi, which the company will be developing but this is still in the planning stage, according to Fong.
25/04/2019 2:56 PM
Victor Yong grab as much as possible before the golden opportunities are closed
26/04/2019 9:11 PM
Victor Yong Landmarks Bhd is very likely to be privatized.. excluding the Bintan island resort with rm2bil+ assets, it made more than rm10mil+. Relist landmarks Bhd excluding the bintan resorts with pe 15, already around rm200mil enough for privatization now.. get free bintan island resorts with assets worth rm2bil+
26/04/2019 9:55 PM
Victor Yong Buy and keep before it is too late
26/04/2019 9:56 PM
Victor Yong Another gem inside landmarks Bhd is in langkawi :)

Landmark (1643), The Andaman

Taken from AR2017:

At the same time, we will review the overall development plan on the remaining approximately 7 hectares in our property in Langkawi, Malaysia.

As approximately 80% of The Andaman’s guests are foreign, who travel to Langkawi by flight, the timely announcement of the upgrading of the Langkawi International Airport augurs well for improving the comfort and arrivals of our guests. The weaker Ringgit will be an opportunity for The Andaman to enhance its pricing strategy further.
26/04/2019 10:01 PM
Victor Yong very likely, landmarks bhd could be next :)

Yee Lee founder, shareholders, PE fund to take group private
Arjuna Chandran Shankar
/
theedgemarkets.com

April 26, 2019 15:13 pm +08

-A+A
KUALA LUMPUR (April 26): Yee Lee Corp Bhd will be taken private by its founder and executive chairman Datuk Lim A Heng @ Lim Kok Cheong as well as its other shareholders.

According to a bourse filing today, A Heng, his wife Datin Chua Shok Tim @ Chua Siok Hoon, the couple's son and group managing director Lim Ee Young and holding company Langit Makmur Sdn Bhd, which is owned by Dymon Asia Private Equity (S.E Asia) Fund II Pte Ltd, are to purchase the remaining 79.69 million shares or 41.59% they do not control in the group for a cash offer of RM2.33 per share.

This represents a premium of 39 sen or 20.1% from the counter's last trading price of RM1.94.

On Feb 27, the group proposed a first and final dividend of 4 sen per share, subject to shareholders' approval at its annual general meeting.

Shareholders whose names appear in the record of depositors will be entitled to the dividend and will be given an adjusted offer price of RM2.29 per share, while shareholders whose names are not in the record will not be entitled to the dividend and will receive an offer price of RM2.33 per share.

As it stands, Chua, A Heng and Ee Young control 111.91 million shares or 58.41% of the group's shareholdings, while Langit Makmur does not hold any Yee Lee shares.

Chua, A Heng and Ee Young are represented through Yee Lee Organisation Sdn Bhd (YLO), which is an investment holding company trading in palm oil products.

A Heng maintains a 74.88% indirect interest in YLO and 0.03% direct interest. Meanwhile, Chua maintains a 71.18% indirect interest and a 2.5% direct interest in YLO.

UOB Kay Hian Securities (M) Sdn Bhd is the undertaker for the takeover.

After the takeover, Yee Lee will not maintain its listing on Bursa Malaysia if the group does not meet Bursa's minimum 25% public spread of shares in listed companies.

"As such the joint offerors will not be taking any steps to address any shortfall in the public shareholding spread of Yee Lee in the event Yee Lee does not meet the Public Spread Requirement after the closing date," said UOB Kay Hian in a circular on the takeover.

The offer will last for 21 days from today and is subject to comments from the Securities Commission Malaysia and approval and consent from relevant parties if required.

Trading in Yee Lee shares is suspended from 2:30pm to 5:00pm today. The counter last traded at RM1.94, giving it a market capitalisation of RM371.71 million.
26/04/2019 11:40 PM
Victor Yong iT IS NOW OR NEVER :)

TOP MGMT OF LANDMARKS BHD... ALREADY SAW THE VALUE OR SOMETHING GREAT IS COMING... :) WHEN SO MANY TOP MGMT MEMBERS BELIEVED IN THE COMPANY RECENTLY, IT SURELY HAS HIDDEN VALUE, UNSEEN TO OUTSIDERS sIGH!

26 Nov 2018 Acquired
3,000,000 MR MARK WEE LIANG YEE
08 Nov 2018 Acquired
1,000,000 MR BERNARD CHONG LIP TAU
07 Nov 2018 Acquired
1,000,000 TAN SRI ZAKARIA BIN ABDUL HAMID
05 Nov 2018 Acquired
1,000,000 MR CHIN MUI KHIONG
31 Oct 2018 Acquired
1,000,000 DATO' SRI RAMLI BIN YUSUFF
31 Oct 2018 Acquired
1,000,000 DATO ABDUL MALEK BIN ABDUL HAMID
31 Oct 2018 Acquired
1,000,000 JOHN KO WAI SENG
30 Oct 2018 Acquired
3,000,000 MR TAN WEE HOONG, ROBIN
17 Oct 2018 Acquired
1,400,000 MR MARK WEE LIANG YEE
17 Oct 2018 Acquired
1,400,000 MR MARK WEE LIANG YEE
26/04/2019 11:49 PM
Victor Yong Better late than never, price and volume traded seem to improve :)

Date Open Range Close Change Volume
26/04/2019 0.455 0.455 - 0.475 0.475 +0.02 (4.40%) 134,500
25/04/2019 0.46 0.455 - 0.465 0.455 -0.005 (1.09%) 414,800
24/04/2019 0.46 0.455 - 0.46 0.46 0.00 (0.00%) 157,000
23/04/2019 0.46 0.46 - 0.465 0.46 -0.005 (1.08%) 69,900



KLSE: LANDMRK LANDMARKS BHD
Last Price Avg Target Price Upside/Downside Price Call
0.475 1.38 +0.905 (190.53%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
27/04/2019 11:01 AM
Victor Yong Privatize and spin off the Malaysian biz segment via ipo, get the rm2bil+ assets in Indonesia for free :)

Landmarks Bhd operates as an investment holding company. Along with its subsidiaries, the company is engaged in the Hospitality and wellness and Resort and destination development segment. In Hospitality and wellness segment it offers the provision of hotel management and wellness services. In Resort and destination development segment it is engaged in the development of resorts and properties. Its properties include The Canopi Resort, The Andaman Resort, and Treasure Bay Bintan. It operates in Malaysia and Indonesia and earns the majority of the revenue from Malaysia from its Hospitality and wellness segment.
Recent Prices click to expand contents
27/04/2019 12:39 PM
sleepingtiger Landmark Bhd had gone through a turbulent time .

129055444514385 had done a good write up about the company since 2007/8 when Genting came in to buy up 30% of the company with an awerage price of rm 2.00 though the highest last purchase from the open market was rm 2.99.

Thank you for your information.
You hawe done a good study of the company ...................

It had been a more colorful and ewentful time how the price shot up from about rm 0.50 to about rm 3.00 prior to 2008.

The inwestors, including Genting Group ,who bought at around rm 3.00 then were sitting on a paper loss of around 80 % now.

All these were history.

Hope that the management who knew about all the full history will work hard to propell the company forward to a greater height to help all the inwestors recoup their inwestment.

MBO or Priwatisation by Genting is a distant dream.
27/04/2019 6:45 PM
Victor Yong All things r possible, things happen out of the box when you don’t expect it :)

@
sleepingtiger Landmark Bhd had gone through a turbulent time .

129055444514385 had done a good write up about the company since 2007/8 when Genting came in to buy up 30% of the company with an awerage price of rm 2.00 though the highest last purchase from the open market was rm 2.99.

Thank you for your information.
You hawe done a good study of the company ...................

It had been a more colorful and ewentful time how the price shot up from about rm 0.50 to about rm 3.00 prior to 2008.

The inwestors, including Genting Group ,who bought at around rm 3.00 then were sitting on a paper loss of around 80 % now.

All these were history.

Hope that the management who knew about all the full history will work hard to propell the company forward to a greater height to help all the inwestors recoup their inwestment.

MBO or Priwatisation by Genting is a distant dream.
27/04/2019 6:45 PM
29/04/2019 7:50 AM
Victor Yong Landmarks Bhd is a 30.3% associate of Genting Bhd. Nobody knows whether Genting will privatize Landmarks Bhd or enter the open market to sapu till exceeding 50% of Landmarks Bhd.. Current share price is dirt cheap, 10%+ of net assets per share. :)
29/04/2019 8:53 AM
sleepingtiger http://www.genting.com/wp-content/uploads/2017/08/49th-AGM-Summary-of-key-matters-discusssed.pdf

Landmark bhd is a non core inwestment of Genting Group.
It is awailable for sale if someone interested.
30/04/2019 5:13 PM
sleepingtiger Unless Genting Group can open a Casino at Bintan.
Ask Landmark management for any possibility of getting a casino licence.
30/04/2019 5:16 PM
sleepingtiger If Genting wants to take it priwate,it has to pay at least rm 2.99 it paid on 26 December 2007 .
30/04/2019 5:21 PM
yoyo looking at it's performance, it shall be re-brand as Landslide Berhad
22/07/2019 1:35 PM
RISK8888 Halo guys, start accumulate this stock slowly. The potential is big. As if investment in property because they have huge land in bintan island bought 10 year ago.
31/07/2019 10:04 AM
RISK8888 You may see the share price had fallen over years and now is already at bottom. I had been monitoring this share since 2009.
31/07/2019 10:05 AM
RISK8888 Is already bottom. Even if it fall just keep accumulate. Total share cap only 500mil. And asset they have easily 2bil
31/07/2019 10:07 AM
RISK8888 I forsee share price will start moving this year end. Start accumulate to enter cheap now
31/07/2019 10:08 AM
RISK8888 Free float share also little as major shareholding genting is holding 30%. If the share start to move. It will rise very fast.
31/07/2019 12:56 PM
RISK8888 Recently they have complete build and operate another 100 tent in bintan lagoon. I expect they will break even very soon.
31/07/2019 12:58 PM
RISK8888 Once achieve breakeven the share price may revise to rm1
31/07/2019 1:31 PM
theavenger genting theme play ..haha
31/07/2019 4:18 PM
stahl2017 wow this diam diam goreng
31/07/2019 4:18 PM
RISK8888 Collect now still cheap!!!
31/07/2019 4:22 PM
firehawk truly genting subsidiary :-)
31/07/2019 4:24 PM
theavenger cheap la ...very cheap ...
31/07/2019 4:25 PM
theavenger gogogo...bad sentiment still up ...
01/08/2019 10:08 AM
Fabien "The Efficient Capital Allocater" any interesting news lately?
01/08/2019 11:25 AM
yongch This counter need more fund inject not yr think bottom ..in bintan so many other choice of resort..bayan tree,laguna,bintan resort all much better than this donkey integrated lo..so big abandoned land yet 80%not yet developed it take another 10yr could be more than 15 yrs to inject billions of dollars still not yet complete it...even genting also can't make this integrated resort great all bcoz no casino licence given by indo govt....it going to b right issue soon lo...tp0.10!!!!
02/08/2019 11:12 AM
RISK8888 already reported big losses over long period of time and price seen maintain at 45cents. should be at bottom now.
06/08/2019 11:53 PM
RISK8888 new tent already start operate in May2019. total tent available in bintan is now 200 units. Additional tent is expected to bring additional income to the group.
06/08/2019 11:54 PM
RISK8888 for financial year 2018. Total revenue is about 100mil. (70mil from langkawi + 30mil from bintan). looking at the addition 100 tent, i believe bintan will double its revenue to 60mil in 2019. The existing 100 tent which now upgraded and run by marriot group will further enhance the room rate. https://www.thejakartapost.com/travel/2019/07/20/marriott-international-debuts-first-tented-concept-resort-natra-bintan.html
07/08/2019 12:00 AM
RISK8888 currently the group rely on operating cashflow generate from langkawi operation to cover bintan operation, the additional 100 tents will definitely help to boost operating cashflow for the year 2019. If this run sucessfully, landmark have good change to breakeven this year. once this is proven in the coming qtr report, i think tp can revise to rm1.
07/08/2019 12:06 AM
firehawk Ho .. Ho ..Ho ....
21/08/2019 9:11 PM
RISK8888 https://www.businesstimes.com.sg/hub/indonesia-74th-independence-day/a-perfect-mix-of-business-and-leisure
01/09/2019 10:36 PM
RISK8888 Slowly and surely will up.
01/09/2019 10:37 PM
RISK8888 Now fall back to 0.46, is time to collect
01/09/2019 10:37 PM
iamfatt today is the soft opening date of the marine discovery life park treasure bay bintan.lt is currently the biggest outdoor marine life interactive pool in south east asia.the following activities will be offering by stage to public.1)snorkeling 2)aquarist for the day 3)scientist of learning 4)shark encounter 5)sting ray encounter.
24/10/2019 7:37 PM
iamfatt Discovery Park is an exciting new attraction where visitors of all ages can learn more about marine life through fun immersive interaction with marine creatures, such as snorkeling, diving or touch pool activities.



Tours to the back-of-house facilities, such as the laboratory, the quarantine pool and the aquaculture pool, offer in-depth understanding on the technical know-how in caring and managing the marine life, as well as conservation effort that everyone can practice.



Marine Life Discovery Park will be home to over 7O species and 15,000 fishes, and its exhibits will extends beyond just marine life. With an integrated natural mangrove and aviary, visitors can appreciate the flora and fauna which form an integral part of the region’s marine life eco-system too.
24/10/2019 7:41 PM
iamfatt http://mpi-update.com/treasure-bay-bintan-kota-resort-tepi-pantai-terpadu-terbesar-di-asia/#prettyPhoto
26/10/2019 12:12 AM


 

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