Monday 3Feb case hearing.

Last QR rm15m before tax. So vs IHH, it may be small but 15s is too cheap. Lots of upside

PETALING JAYA: Former poultry producer, Sinmah Capital Bhd (SMCap), has earmarked RM100 million to build a hospital in Nilai as it makes its maiden venture into the healthcare sector.

The company, via 70%-owned unit Sinmah Amegajaya Healthcare Sdn Bhd (SAH), inked a deal to acquire a piece of property in Nilai for RM27 million, and plans to redevelop it into Malaysia’s first full-service ‘Integrated Public-Private University Hospital’ (IPPUH).

Speaking to reporters after the signing ceremony, SMCap's managing director, Datuk Fong Kok Yong, said construction would be completed in 28 months from March, and that the money would be raised via internally-generated funds and bank borrowings.

The company is also looking at a sukuk issuance of a couple of tranches to raise RM500 million to fund the development of a number of hospitals, Fong said, with the first tranche of RM200 million to be issued this year.

Even so, raising such amounts could prove daunting for SMCap, formerly known as Farm’s Best Bhd, given its soft financial and share price performances.

The loss-making company closed one sen, or 7.14%, lower to 13 sen yesterday, valuing it at RM7.94 million. Over the past year, the counter has lost a massive 66.1% of its worth.

SMCap divested its poultry business in 2017, after which it teamed up with Amegajaya Medical Planning Group (AMP) to set up SAH, the developer of the 200-bed IPPUH in Nilai.

“The Nilai hospital will chart many firsts including offering multi-tier services that meet the needs of different market segments and the setting up of the country’s first integrated Centre of Excellence for Autism & Geriatric Care.

“Our first IPPUH will provide a blueprint for SMCap’s future investments in the healthcare sector,” Fong said.

Universiti Teknologi MARA would be the clinical partner in operating the Nilai IPPUH.

The IPPUH will provide a platform for the government to introduce healthcare insurance which is crucial for the Bottom 40 group, he said, adding that the company is also collaborating with some local insurance companies to help shape efficient healthcare economics.

He expects the hospital to break even in four to five years after it is operational, but said it would also depend on public acceptance.

He also said the company aims to build a minimum of 20 to 25 IPPUHs over the next decade in a number of states including Negeri Sembilan, Malacca, Selangor, Perak and Kedah.

Fong said SMCap is looking to develop a hospital in Cheng, Malacca within the next few months, and establish a nursing school next to the hospital. It has allocated RM200 million in capital expenditure for this development. Although some of the funds would be internally generated, it would also leverage bank borrowings and islamic debt papers.

PETALING JAYA: Former poultry producer, Sinmah Capital Bhd (SMCap), has earmarked RM100 million to build a hospital in Nilai as it makes its maiden venture into the healthcare sector.

The company, via 70%-owned unit Sinmah Amegajaya Healthcare Sdn Bhd (SAH), inked a deal to acquire a piece of property in Nilai for RM27 million, and plans to redevelop it into Malaysia’s first full-service ‘Integrated Public-Private University Hospital’ (IPPUH).

Speaking to reporters after the signing ceremony, SMCap's managing director, Datuk Fong Kok Yong, said construction would be completed in 28 months from March, and that the money would be raised via internally-generated funds and bank borrowings.

Sinmah cap biz is similar to LKL health business. Nobody notice it and the giant will awaken anytime.

China to order hospital beds from Malaysia?

Masks out of stock and that is only domestic. The world needs more gloves. Glove makers big or small will be in demand

This year no jam on PLUS highways, thanks to WCE. Toll may be coming..

The next PLUS. Khazanah and EPF could be eyeing a stake.

Buy only glove companies, healthcare sectors only...everything else sell

Hidden gem...provides healthcare services and hospital beds. Tomorrow everyone will be chasing!!

Dataprep will get 5G fibernization project soon??

Tan Sri LKY is a businessman with proven track record. He will take Medtronic to greater heights. It will not be 4.5sen anymore..

Towkay kasi new year present to Medtronic. Feb 3 high court case. Jangan main2 with towkay.

Total RCPS conversion is 3 BILLION shares. Now only beginning... Convert sampai mati...

SELL!! RUNNN!! Bad QR coming??

The whole world uses STEM . What’s the big deal?

There is 410m warrants outstanding. Whoever can buy and convert this will be the winner.

Towkay beli Semua warrant, convert, menang. :)

Towkay boleh menang ke?

Good luck

Rm60m = 600million RCPS = 3billion shares.

Sell the wb and mother share and take back your money while you can. By the time the RCPS are fully converted, the mother share will baloon to 4.1 billion shares. If the warrants are fully converte, it will become 4.6 billion shares....

The case will be heard on 3/2/20. AGM will proceed only on Agenda 1. All other agendas in the adjourned AGM pending case hearing. Pls read announcement 22/11/19.

The High court case will be on 19/11/19 on Tuesday.

What if court only award 90m.?

Will test all time low at 26s. Coming soon!

Cashflow tight. Cannot pay salaries.? Soon pn17.?

With the selling of Mykads to foreigners, threat of terrorism, SKIN is needed badly and immediately to counter these threats. Immigration dept need SKIN urgently.

Hopefuly Tun M will announce reinstatement of SKIN. Even at 30% less, enough to limit up. Why pay 2b for a new system and compensation of 750m when you can restart SKIN at a lower cost?

Better to reinstate at a lower price than to pay 750m compensation and appoint new contractor. Takes a long time to get new system going. Immigration dept needs SKIN to track illegals and terrorists. Prestaring system can start anytime.

BOD more pwerful than lky. Towkay ino power

Ifca already sign mou with hua wei lo...

Towkay wants to kick out those monkeys inside.he veil serious lo..

MOL owned by RT. Maybe tie up?

They are developing e wallet.

RM16.9B for national security. High chance next generation Mykads will be issued to counter fake and outdated existing cards.

RM16.9B for national security. 11,500 CCTVs to be installed . Big opportunity.

Iris...the dark horse

IRIS core business is Trusted ID. Not SKIN.

Budget may include upgrading of Mykads to include dna data. Anyway too many fake Mykads in the market. Time to change and upgrade.

Coming budget incentives for smart city and digitalisation?

They issue 600m RCPS for RM60m., which in turn converted to 3billion shares. This is 1st small tranche. How can the price go up if rest of 3 billion shares is converted?

Only want rm1M director fees+ allowances

Very bad haze... School cancelled.. No school, no profit...:(

Beyond2288. Where did u read kkb acquired 200m shares.

Good. All the old mgt team and the conmen clearing out. Very good prospect under lky

No new projects, how to support directors RM 1 M allowances and fees??!!

Will IRIS play a big role in Quek’s Colombia Hospital?

AI, Smart city, 5G....=. Metronic business. Will soon be no longer penny stock.