2. lower adjusted EBITDA from leisure and hospitality business in Malaysia by RM26.6 million in 1Q 2019 mainly due to higher casino duty and higher costs relating to premium players business mitigated by higher revenue;
Q1 2019 Malaysia EBITDA only lower by RM26.6 million aka -5% compare to Q4 2018, gaming tax impact is not really that much. Revenue hit highest record at RM 2,735,580,000 some more @.@
i would say it is a ok ok result, if next 3 quarter can have the same earning, it sound attractive as only trading at PE16 now.
From what i see, LeongHup profit margin is higher, but they only focus on chicken business. it just like a larger version of layhong. and their brand not famous as nutriplus in malaysia, not sure about other country. But QL Business more diversity with plam oil, fish, retail n chicken.
Our Mission: To be a leading developer and operator of integrated terminal complex and transportation services provider in Malaysia and to focus our future in expanding the integrated transportation terminal to other parts of Perak and other states in Malaysia.
LOL, prasarana is the leader of integrated public transport at KL, Selangor, Melaka, Penang and others state now.. Ptrans have to focus on perak 1st.
“The Government welcomes the commitment by IWH-CREC to make an advance payment of RM500 million, in addition to the original deposit sum of RM741 million, to be paid within 60 days from the date that the Government officially reinstated the project (April 17),” it said.
The sum of RM741 million was the deposit to acquire a 60% stake in Bandar Malaysia Sdn Bhd for RM7.41 billion. With this additional advance payment, the new deposit sum payable by IWH-CREC is RM1.24 billion.“
If i understand correct, that mean Government raise the price from 741Million to 1.24Billion in order to sell the 60% stake of bandar malaysia to IWH-CREC that without the confirmation of HSR + 2 MRT station. Somemore need to build 10k affordable housing and use local contractor & supplier, plus not even single one else interest to bid on bandar malaysia at all.
unless IWH-CREC release statement to confirm about the interest or payment, else it is a huge risk.