Hope hidden hand gang exits n sell its stake to uniqlo, li ning, etc

Hope it would recover like ytl :)

Key Information
KAWAN logo
Name: Kawan Food Berhad
Ticker: KAWAN
Exchange: KLSE
Founded: 1960
Industry: Packaged Foods and Meats
Sector: Food, Beverage & Tobacco
Market Cap: RM636.008m
Shares Outstanding: 349.45m
Website: https://www.kawanfood.com

Top 24 shareholders own 80.66% of the company
Ownership Name Shares Current Value Change % Portfolio %
36.1%
Gfg Foundation, Endowment Arm 126,257,402 RM229.8m 0% no data
17.7%
Nareshchandra Nagrecha 62,001,200 RM112.8m -13.9% no data
7.29%
Thiam Gan 25,490,799 RM46.4m 0.07% no data
5.57%
Public Mutual Bhd. 19,454,899 RM35.4m 0% 0.22%
2.9%
Hun Soon Lim 10,137,028 RM18.4m 32.7% no data
1.67%
Poh Ying Kong 5,834,100 RM10.6m 0% no data
1.35%
Kumpulan Wang Persaraan 4,707,933 RM8.6m 0% 0.01%
1.32%
Chung-Chen Wu 4,626,000 RM8.4m 0% no data
1.05%
Eastspring Investments (Singapore) Limited 3,667,400 RM6.7m 0% 0.01%
0.93%
UBS Asset Management AG 3,262,500 RM5.9m 0% no data
0.8%
Tsai-Tien Chen 2,792,466 RM5.1m 0% no data
0.75%
Peter Chiang 2,604,000 RM4.7m 0% no data
0.62%
Kamal Shah 2,168,382 RM3.9m 0% no data
0.6%
Maybank Asset Management Group Bhd. 2,112,600 RM3.8m 0% 0.62%
0.59%
Kah Yin Yoong 2,070,000 RM3.8m 0% no data
0.59%
Chia-Lung Wu 2,051,682 RM3.7m 0% no data
0.37%
PHEIM Asset Management Sdn Bhd 1,293,100 RM2.4m 0% 1.11%
0.15%
RHB Asset Management Sdn Bhd 516,100 RM939.3k 0% 0.07%
0.066%
BOS Wealth Management Malaysia Bhd. 230,700 RM419.9k 0% 0.25%
0.048%
SEI Investments Company 166,200 RM302.5k 0% no data
0.038%
Acadian Asset Management LLC 132,700 RM241.5k 0% no data
0.035%
Ka Gan 121,220 RM220.6k 0% no data
0.029%
Fidelity International Ltd 99,600 RM181.3k 0% no data
0.022%
Amanah Raya Investment Management Sdn Bhd 78,000 RM142.0k 0% 0.05%

Ownership Breakdown
General Public 19.3%
67,578,869 shares
Individual Insiders 34.3%
119,896,877 shares
Institutions 46.4%
161,979,134 shares

7.1yrs

Average Tenure
53yo

Average Age
Experienced Management: KAWAN's management team is seasoned and experienced (7.1 years average tenure).

Mr. Adam Pandian is Group Chief Executive Officer of Kawan Food Berhad since January 1, 2024 and was its Executive Advisor to the Executive Chairman & Head of Transformation since joining in April 2023 until January 1, 2024. He has management experience in commercial, supply chain and corporate roles, developing and implementing transformation strategies across various industries and organizations with a foundation in fast-moving consumer goods. Starting his career in Procter & Gamble in brand management, he moved on to several senior positions including Account Director for Leo Burnett, Regional Account Director for Saatchi & Saatchi, General Manager and Commercial Director for Keebler, and as Managing Director for Greater China and Southeast Asia for Kellogg.
Prior to joining Kawan in April 2023, he held Chief Operating Officer roles in various divisions within the Hap Seng Group as well as corporate roles within the Group MD’s office where he served in change management, business turnarounds and driving group synergy across operating divisions. He finished Advanced Management Program by Prof. Peter Doyle, University of Warwick; Creating Competitive Advantage by Prof. Karl Moore, Oxford University; Strategic Management for HiPos, by Saatchi & Saatchi; Leaders developing Leaders Program, Kellogg Leadership Academy; Kellogg Leadership coaching; Howard Epstein (New York) and Graham Richardson (Sydney). He has Bachelor of Business Administration from National University of Singapore.

Stable Dividend: KAWAN's dividends per share have been stable in the past 10 years.

Growing Dividend: KAWAN's dividend payments have increased over the past 10 years.

Debt Level: KAWAN has more cash than its total debt.

Reducing Debt: KAWAN's debt to equity ratio has reduced from 5.2% to 0.9% over the past 5 years.

Debt Coverage: KAWAN's debt is well covered by operating cash flow (1582.3%).

Interest Coverage: KAWAN's interest payments on its debt are well covered by EBIT (120.4x coverage).

Short Term Liabilities: KAWAN's short term assets (MYR235.6M) exceed its short term liabilities (MYR53.1M).

Long Term Liabilities: KAWAN's short term assets (MYR235.6M) exceed its long term liabilities (MYR14.5M).

Key information
0.9%

Debt to equity ratio

RM3.56m

Debt

Interest coverage ratio 120.4x
Cash RM113.54m
Equity RM393.17m
Total liabilities RM67.54m
Total assets RM460.71m

Kawan Food Berhad has a total shareholder equity of MYR393.2M and total debt of MYR3.6M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are MYR460.7M and MYR67.5M respectively. Kawan Food Berhad's EBIT is MYR25.0M making its interest coverage ratio 120.4. It has cash and short-term investments of MYR113.5M.

Earnings Trend: KAWAN's earnings have grown by 15.3% per year over the past 5 years.

Quality Earnings: KAWAN has high quality earnings.

Future ROE (3yrs)
Company 11.0%
Industry 7.4%

Revenue vs Market: KAWAN's revenue (8.2% per year) is forecast to grow faster than the MY market (5.8% per year).

Earnings vs Savings Rate: KAWAN's forecast earnings growth (16.6% per year) is above the savings rate (3.5%).

Earnings vs Market: KAWAN's earnings (16.6% per year) are forecast to grow faster than the MY market (11.6% per year).

Do your own study :)

Share Price vs Fair Value
What is the Fair Price of KAWAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

63.2%
Undervalued
Current Price
RM1.84
Fair Value
RM5.01
20% Undervalued
About Right
20% Overvalued
Data
Learn

Below Fair Value: KAWAN (MYR1.82) is trading below our estimate of fair value (MYR5.01)

Significantly Below Fair Value: KAWAN is trading below fair value by more than 20%.

All the best & good luck!

Key Information
HOHUP logo
Name: Ho Hup Construction Company Berhad
Ticker: HOHUP
Exchange: KLSE
Founded: 1960
Industry: Construction and Engineering
Sector: Capital Goods
Market Cap: RM72.556m
Shares Outstanding: 518.26m
Website: https://www.hohupgroup.com.my

Top Shareholders
Top 25 shareholders own 61.27% of the company
Ownership Name Shares Current Value Change % Portfolio %
10.4%
Omesti Berhad 53,879,300 RM7.5m 0% no data
10.2%
Gryphon Asset Management Sdn Bhd 52,645,250 RM7.4m 0% 68.33%
9.67%
Low Chee & Sons Sdn. Bhd. 50,113,032 RM7.0m -23% no data
5.04%
Fook Yuen Lee 26,141,900 RM3.7m 24.4% no data
3.62%
Mettiz Capital Limited 18,744,800 RM2.6m 0% 2.37%
3.28%
Kenanga Investors Bhd. 17,000,000 RM2.4m 0% 0.06%
2.91%
Insas Berhad 15,060,000 RM2.1m 0% no data
1.74%
Lai Kheng Woon 9,000,000 RM1.3m 0% no data
1.71%
Chee Hong Chan 8,850,000 RM1.2m 0% no data
1.32%
Tuck Low 6,817,500 RM954.5k 0% no data
1.16%
Siew Bee Yap 6,003,000 RM840.4k 0% no data
1.1%
Estate of Low Chee 5,679,000 RM795.1k 0% no data
1.07%
Kong Yew Chan 5,527,000 RM773.8k 0% no data
0.96%
Winfields Development Pte Ltd 5,000,000 RM700.0k 0% no data
0.9%
Siew Deeg Kwan 4,642,600 RM650.0k 0% no data
0.9%
Chai Hoon Toh 4,642,000 RM649.9k 0% no data
0.82%
Siew Booy Tan 4,271,900 RM598.1k 0% no data
0.77%
Yoke Lin Hooi 4,000,000 RM560.0k 0% no data
0.77%
Tiu Wan Kok 3,989,300 RM558.5k 0% no data
0.68%
Mohamed Nizam Bin Abdul Razak 3,525,554 RM493.6k 0% no data
0.55%
Monteiro Clair 2,831,500 RM396.4k 0% no data
0.47%
Chau Liang Lim 2,451,700 RM343.2k 0% no data
0.47%
Choon Chong Low 2,411,300 RM337.6k 0% no data
0.44%
Lee Lee Young 2,260,000 RM316.4k 0% no data
0.4%
Ahmad Aminnurdin Bin Dinyati 2,053,000 RM287.4k 0% no data

Ownership Breakdown
Private Companies 11.7%
60,792,032 shares
Public Companies 13.7%
70,939,300 shares
Institutions 17.1%
88,390,050 shares
Individual Insiders 20.2%
104,736,854 shares
General Public 37.3%
193,402,460 shares

6.7yrs

Average Tenure
60yo

Average Age
Experienced Board: HOHUP's board of directors are considered experienced (6.7 years average tenure).

Dato Seri Hong Leong Chee, JP, has been Chief Executive Officer of Ho Hup Construction Company Berhad from March 21, 2024 and was its Executive Director since June 01, 2023 until March 21, 2024. He serves as Non-Independent & Non-Executive Director of Microlink Solutions Berhad since November 1, 2023. He is an Executive Director at Microlink Solutions Berhad since April 03, 2023 and had been its Independent Non-Executive Director since February 15, 2021 until April 03, 2023.
He served as Independent and Non Executive Director of Inari Amertron Berhad since February 21, 2023 until November 23, 2023. He serves as an Independent Director at Liberty Resources Acquisition Corp. since July 29, 2022. He sits on the Board of Hextar Industries Berhad as Independent Non-Executive Director. He served as the General Manager and Chief Operating Officer of Tanco Resort Berhad from 1998 to 2002.
He began his career in 1990 coordinating the development of corporate plans and annual strategic plans for Leisure Holidays Berhad and MBf Food Services Sdn Bhd. He manages a software house that focuses on Customer Relationship Management and Membership Services. He serves as Chairman of Kiara Susila Sdn Bhd. He has been an Independent and Non-Executive Director of Energreen Corporation Berhad (formerly Welli Multi Corporation Berhad) since March 31, 2008.
He began his career in 1990, coordinating the development in corporate and annual strategic plans for Leisure Holidays Group of Companies. He serves as a Director of Priceworth Wood Products Berhad and Speedtoyz Berhad. He serves as an Independent Non-Executive Director of Priceworth International Bhd. He has been an Executive Director of M & A Equity Holdings Berhad (formerly known as SYF Resources Berhad) (formerly M & A Equity Holdings Berhad (formerly known as SYF Resources Berhad) (formerly known as Tomisho Holdings Bhd)) since December 2, 2011 and served as its Non-Independent & Non-Executive Director since July 7, 2010 until December 2, 2011 and served as its Independent Non-Executive Director from March 13, 2003 to July 7, 2010.
He was appointed as an Independent Non-Executive Director of M & A Equity at Insas Berhad on 13 March 2003 and was subsequently re-designated as Executive Director on 2 December 2011. He served as an Independent Non-Executive Director of SEG International Bhd since February 21, 2011 until May 24, 2016. He served as a Non-Independent & Non-Executive Director of Pacific Healthcare Holdings Limited until August 14, 2012. He served as a Director of Mithril Bhd from November 7, 2008 to February 10, 2010.
He served as an Executive Director of Tanco Resort Berhad from 1998 to 2002. In 1992, he ventured into various businesses which involved designing and building individual bungalows for landowners of various housing projects in the Klang Valley as well as building and operating a 100,000 sq ft Information Technology Incubation Centre in University Putra Malaysia. He served as an Independent Director at Kairous Acquisition Corp. Ltd. until 2023.
He graduated with a Bachelor of Engineering in Computer in 1987 and Master of Business Administration in Finance and Marketing in 1989 both from McMaster University, Hamilton, Ontario, Canada.

More n more corp developments, good news.

Recent management updates


Ho Hup Construction Company Berhad Appoints Dato' Sri Chee Hong Leong as Chief Executive Officer
Mar 23

Ho Hup Construction Company Berhad Announces Redesignation of Dato' Wong Kit-Leong from Chief Executive Officer to Executive Director
Mar 22
+ 2 more updates

Ho Hup Construction Company Berhad Appoints Danny Hoe Kam Thong as Independent and Non Executive Member of Remuneration Committee
Aug 30
+ 7 more updates

Debt Coverage: HOHUP's debt is well covered by operating cash flow (26.5%).

Short Term Liabilities: HOHUP's short term assets (MYR949.7M) exceed its short term liabilities (MYR531.9M).

Long Term Liabilities: HOHUP's short term assets (MYR949.7M) exceed its long term liabilities (MYR334.1M).

Wait for its recovery post pandemic started in 2020

ROCE
Last Year -5.9%
3 Years Ago 15.6%

free cash flow~Rm134mil

Price-To-Sales vs Industry: HOHUP is good value based on its Price-To-Sales Ratio (0.4x) compared to the MY Construction industry average (1x).

Price-To-Sales vs Peers: HOHUP is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.7x).

Significantly Below Fair Value: HOHUP is trading below fair value by more than 20%.

ho hup has strategic development in KL, KK, etc. Retained earnings~RM160mil. A good candidate for backdoor listing too. Greatly undervalued, NTA 66sen. It should recover in stages like pre-pandemic, before 2020. Time to accumulate, etc. Do your own study, yah! A syariah compliant stock as well :)

HHCS Historical Data
Time Frame
Monthly
Download Data
01/01/2019 - 04/16/2024
Date Price Open High Low Vol. Change %
04/01/2024 0.140 0.185 0.185 0.140 8.00M -24.32%
03/01/2024 0.185 0.190 0.220 0.120 47.18M -5.13%
02/01/2024 0.195 0.220 0.220 0.190 3.87M -13.33%
01/01/2024 0.225 0.245 0.265 0.210 10.66M -10.00%
12/01/2023 0.250 0.245 0.250 0.240 6.71M +2.04%
11/01/2023 0.245 0.295 0.300 0.245 11.33M -16.95%
10/01/2023 0.295 0.290 0.330 0.285 4.00M +1.72%
09/01/2023 0.290 0.285 0.295 0.265 4.91M 0.00%
08/01/2023 0.290 0.280 0.290 0.255 3.40M +3.57%
07/01/2023 0.280 0.255 0.285 0.255 1.75M +1.82%
06/01/2023 0.275 0.240 0.280 0.225 2.07M +14.58%
05/01/2023 0.240 0.255 0.260 0.240 639.20K -7.69%
04/01/2023 0.260 0.270 0.290 0.255 1.78M -3.70%
03/01/2023 0.270 0.275 0.305 0.255 1.14M -1.82%
02/01/2023 0.275 0.290 0.300 0.270 625.20K -5.17%
01/01/2023 0.290 0.280 0.305 0.255 854.40K 0.00%
12/01/2022 0.290 0.310 0.335 0.290 1.27M -7.94%
11/01/2022 0.315 0.270 0.325 0.270 2.58M +16.67%
10/01/2022 0.270 0.250 0.280 0.245 1.59M +3.85%
09/01/2022 0.260 0.270 0.285 0.250 874.90K -5.45%
08/01/2022 0.275 0.245 0.290 0.245 1.04M +10.00%
07/01/2022 0.250 0.255 0.270 0.240 479.80K -1.96%
06/01/2022 0.255 0.290 0.300 0.255 1.26M -15.00%
05/01/2022 0.300 0.310 0.310 0.280 3.23M -3.23%
04/01/2022 0.310 0.315 0.325 0.310 2.09M -1.59%
03/01/2022 0.315 0.300 0.325 0.290 5.57M +1.61%
02/01/2022 0.310 0.315 0.330 0.300 2.05M -1.59%
01/01/2022 0.315 0.305 0.345 0.300 1.41M +3.28%
12/01/2021 0.305 0.310 0.340 0.290 3.11M -1.61%
11/01/2021 0.310 0.370 0.370 0.290 4.19M -17.33%
10/01/2021 0.375 0.375 0.390 0.365 6.76M -2.60%
09/01/2021 0.385 0.405 0.415 0.375 2.61M -6.10%
08/01/2021 0.410 0.400 0.420 0.400 7.47M +1.23%
07/01/2021 0.405 0.405 0.420 0.395 8.56M 0.00%
06/01/2021 0.405 0.440 0.445 0.400 16.68M -5.81%
05/01/2021 0.430 0.455 0.455 0.400 9.08M -5.49%
04/01/2021 0.455 0.435 0.475 0.435 25.20M +4.60%
03/01/2021 0.435 0.465 0.505 0.420 76.08M -6.45%
02/01/2021 0.465 0.405 0.475 0.400 26.62M +16.25%
01/01/2021 0.400 0.465 0.465 0.400 6.36M -13.98%
12/01/2020 0.465 0.425 0.525 0.425 31.47M +9.41%
11/01/2020 0.425 0.370 0.440 0.355 10.22M +14.86%
10/01/2020 0.370 0.395 0.430 0.370 6.52M -6.33%
09/01/2020 0.395 0.490 0.495 0.395 17.20M -19.39%
08/01/2020 0.490 0.495 0.540 0.475 29.17M -1.01%
07/01/2020 0.495 0.545 0.560 0.475 45.29M -9.17%
06/01/2020 0.545 0.590 0.625 0.525 116.87M -6.84%
05/01/2020 0.585 0.440 0.640 0.425 61.94M +32.95%
04/01/2020 0.440 0.325 0.475 0.325 15.49M +33.33%
03/01/2020 0.330 0.540 0.540 0.240 25.17M -38.89%
02/01/2020 0.540 0.480 0.555 0.465 14.14M +10.20%
01/01/2020 0.490 0.510 0.525 0.490 4.98M -3.92%
12/01/2019 0.510 0.560 0.560 0.510 9.57M -7.27%
11/01/2019 0.550 0.575 0.575 0.510 11.70M -4.35%
10/01/2019 0.575 0.480 0.580 0.480 16.04M +19.79%
09/01/2019 0.480 0.510 0.555 0.480 8.50M -6.80%
08/01/2019 0.515 0.525 0.535 0.450 10.16M -1.90%
07/01/2019 0.525 0.535 0.595 0.520 36.33M 0.00%
06/01/2019 0.525 0.590 0.620 0.515 54.40M -12.50%
05/01/2019 0.600 0.460 0.695 0.455 103.50M +30.43%
04/01/2019 0.460 0.475 0.515 0.420 37.68M 0.00%
03/01/2019 0.460 0.365 0.465 0.360 16.05M +26.03%
02/01/2019 0.365 0.320 0.420 0.320 5.75M +10.61%
01/01/2019 0.330 0.310 0.385 0.305 12.37M +4.76%
Highest:
0.695
Change %:
-55.556

bottom-fishing opportunity, better late than never :)

88% BUY
12% SELL
7 202,700 0.140 0.145 4,700 2
17 1,245,000 0.135 0.150 88,000 5
15 1,288,000 0.130 0.155 80,000 2
6 1,251,000 0.125 0.160 379,000 8
9 1,265,000 0.120 0.165 167,000 4

Change in Principal Officer
HO HUP CONSTRUCTION COMPANY BHD

Date of change 21 Mar 2024
Name DATO' SRI CHEE HONG LEONG
Age 59
Gender Male
Nationality Malaysia
Type of change Appointment
Designation Chief Executive Officer
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Masters
Business Administration
McMaster University, Hamilton, Ontario, Canada
2
Degree
Bachelor of Engineering (Computer)
McMaster University, Hamilton, Ontario, Canada

Working experience and occupation Dato' Sri Chee began his career in 1990, coordinating the development in corporate and annual strategic plans for Leisure Holidays Group of Companies.

From 1992 to 1998, Dato' Sri Chee ventured into various businesses in the property development sector where he held the position of Chief Executive Officer at Canary Homes Sdn Bhd and Canary Infoport Sdn Bhd. He subsequently joined Tanco Resort Berhad where, from 1998 to 2002, he held various positions from General Manager rising to Executive Director and Chief Operating Officer.

In March 2003, he joined M & A Equity Holdings Berhad (Formerly Known as SYF Resources Berhad), a furniture, boards and property development firm, initially as a member of the Board of Directors and was subsequently appointed as Executive Director in 2011 till todate. He also currently sits on the Board of Hextar Industries Berhad as Independent Non-Executive Director and Microlink Solutions Berhad as Non-Independent Non-Executive Director.
Directorships in public companies and listed issuers (if any) 1. M & A Equity Holdings Berhad (Formerly Known as SYF Resources Berhad)
2. Microlink Solutions Berhad
3. Hextar Industries Berhad
Family relationship with any director and/or major shareholder of the listed issuer NIL
Any conflict of interests that he/she has with the listed issuer NIL
Details of any interest in the securities of the listed issuer or its subsidiaries NIL


Announcement Info
Company Name HO HUP CONSTRUCTION COMPANY BHD
Stock Name HOHUP
Date Announced 21 Mar 2024
Category Change in Principal Officer
Reference Number C04-21032024-00001

LEE FOOK YUEN
Company
[HOHUP]: HO HUP CONSTRUCTION COMPANY
Name
LEE FOOK YUEN
Nationality
Malaysia
Role
Shareholder
Direct (units)
26,141,900
Direct (%)
5.04%
Indirect (units)
0
Indirect (%)
0.00%
Total (units)
26,141,900
Total (%)
5.04%
Date of Notice
19-Mar-2024

The wars is going to end. The winner is Israel hehe. Hebat!

Israel-Gaza war: Hamas leader Ismail Haniyeh's 3 sons, grandchildren killed in Israeli air strike
Three sons of Hamas political leader Ismail Haniyeh were killed in an air strike carried out by the Israeli Air Force on Wednesday, the Israel Defense Forces (IDF) informed.

Latest News
Ritik Raj

Updated : Apr 11, 2024, 06:19 AM IST | Edited by : Ritik Raj

It would surge ... Selling ceased

Value buy now, some retailers have no money to hold, main contra hehe

KUALA LUMPUR (April 15): RHB Investment Bank (RHB IB) has maintained its “overweight” rating on the property sector and said it expects the sector to continue to be driven by: i) positive news flow on potential infrastructure projects; ii) active land transactions and iii) influx of investments, especially in the data centre, green energy and manufacturing sectors.

In a sector update on Monday, the research house said developers with sizeable landbanks and industrial segment exposure should see greater benefit from infrastructure developments and rising investment flows.

It said pump priming across the Klang Valley, Iskandar Malaysia and Penang region should lift the sector’s overall valuation.

KUALA LUMPUR: The East Coast Rail Link-Economic Accelerator Projects (ECRL-EAPs) is set to boost socio-economic activities within various sectors such as construction, tourism, trade and industrial development, said the Malaysian Investment Development Authority (MIDA).

The ECRL-EAP is an infrastructure project which started in April 2019 in collaboration with MIDA and China Communications Construction Company (CCCC).

MIDA emphasised that the ECRL is replete with opportunities for local companies and it would be a huge loss if these were to go untapped. Given that the project is the largest ever to be undertaken along the East Coast alignment, it would be ideal for all companies to seize opportunities that arise.

"Areas that could be further explored – being EAP enablers – are construction (products and services); renewable energy; sustainability products and services; education and training centres; shared utility service like waste management, research and development.

"This will create more economic opportunities and new jobs at each of the EAPs," the agency told Bernama.

MIDA also said that the successful implementation of the ECRL requires cooperation and collaboration among all stakeholders, including local governments, key transportation players, government-linked investment companies (GLICs), financial institutions and local communities.

"MIDA is eager to support businesses eyeing ECRL-EAP investments. This will enhance the project's allure for investors. This effort is crucial in maintaining an edge over competing initiatives, like the proposed Thailand's Kra Land Bridge.

"We are calling on more companies to join forces with the government via MIDA, amplifying this groundbreaking initiative," it said.

MIDA will also promote programmes in Kelantan, Terengganu, Pahang and Selangor related to the ECRL-EAPs. It has also initiated engagements with key stakeholders including local governments, industry associations, park managers and developers, GLICs and real-estate investment trusts to raise awareness of the EAPs and to reach a wider audience among potential investors.

"Participation from all stakeholders is highly important. Issues like environmental challenges, such as floods, infrastructure, utility readiness, zoning restrictions, and land categorisations, have been identified.

"To address these concerns, MIDA is currently working closely with key stakeholders such as utility providers, state governments, associations and developers, and other key stakeholders to make sure that the issues are addressed and an enabling environment is provided for development and investment along the route," it said.

MIDA, through the domestic investment coordination platform (DICP), which is under the domestic investment division, plays a role in connecting investors with financiers.

According to the agency, the DICP facilitates direct engagement between investors and financiers, allowing them to discuss funding options, negotiate terms, and explore alternative financing arrangements.

The ECRL is a Malaysian project costing RM50.27 billion. It is currently under construction and aims to connect the east coast city of Kota Bharu in Kelantan to Port Klang, Selangor on the the west coast.

The electrified train will run on a standard gauge double-track railway connecting the East Coast Economic Region states of Pahang, Terengganu, and Kelantan to the central region. It is expected to spur economic growth in areas along its route.

Spanning 665 kilometres, the ECRL is poised to be a game changer for Malaysia, linking the country closely to the Pan-Asia railway network and enhancing connectivity with ASEAN and Eurasia regions.

It is targeted to be completed in December 2026 and operational in January 2027. The ECRL is expected to raise Malaysia's gross domestic product (GDP) by 3.8 per cent in 2047 by enhancing trade, boosting tourism, and stimulating regional development.

The ECRL-EAPs are anticipated to generate RM1.4 trillion for the Malaysian economy by 2047 with a focus on industrial parks, logistic hubs, and transit-oriented developments (TODs).

"This strategic initiative aims to improve connectivity and economic activities along the ECRL route and to ensure inclusive growth across all participating states. The EAPs seek to tackle income and wealth disparities by fostering a shared prosperity agenda," said MIDA.

As of February 2024, the project is 62.4 per cent complete, with each state's alignment progressing steadily. - Bernama

Hohup has the experiences in the construction sector and recovery is coming.

The construction industry in Malaysia is expected to experience growth from 2024 onwards due to several key factors:

Economic Recovery: Post-COVID-19, the industry is recovering from the disruptions caused by the pandemic, with an anticipated increase in construction activities1.
Government Initiatives: The Malaysian government has announced plans like the Public Private Partnership (PPP) 3.0 model to fund infrastructure projects, which is expected to drive growth in the sector1.
Infrastructure Development: There is a focus on large-scale transport and energy projects, which will likely lead to increased demand for construction services1.
Investment: The industry is expected to benefit from both foreign and domestic investment, which will support various construction and energy projects2.
Growth Projections: The market size is estimated to grow significantly, with forecasts predicting a compound annual growth rate (CAGR) of 4.4% to 8.55% between 2024 and 2029132.
Sector Expansion: All subsectors of construction, including commercial, residential, and infrastructure, are expected to perform better, contributing to the overall growth4.
These factors combined suggest a positive outlook for the construction industry in Malaysia, making it a potentially lucrative sector for investment and development in the coming years.

potensi sentiasa wujud :)

Ho Hup Construction Company Berhad, commonly known as Ho Hup Group, has a rich history of involvement in numerous significant construction projects. Here are some of the key projects they have handled to date:

Infrastructure Projects: They have been involved in the construction of infrastructure such as highways, roads, dams, and bridges1.
Building Construction: Their portfolio includes building construction, which encompasses various types of structures1.
Engineering Works: They have expertise in engineering works, including earthworks and steel pipeline construction1.
Railway Projects: Ho Hup Group has worked on railway projects, including securing two East Coast Rail Link (ECRL) railway projects for Section 6, totaling RM102 million in June 20201.
National Projects: They have been part of national projects like the Petronas Twin Towers, National Sports Complex, Kuala Lumpur International Airport (KLIA), Light Rail Transit System (LRT), and the Malaysia–Singapore second crossing23.
Ho Hup Group’s approach to construction is characterized by a focus on project management and the provision of technical expertise, with a commitment to quality and risk management1. Their extensive experience places them as a notable entity in the construction sector in Malaysia.

buy on weakness, it would rebound as usual hehe

30-days Price
Date Price Open High Low Volume
2024-04-12 0.165 0.165 0.165 0.160 341,000
2024-04-09 0.170 0.165 0.170 0.165 380,200
2024-04-08 0.170 0.170 0.170 0.170 110,000
2024-04-05 0.170 0.170 0.175 0.170 560,500
2024-04-04 0.170 0.170 0.175 0.170 311,900
2024-04-03 0.175 0.180 0.180 0.170 825,200
2024-04-02 0.180 0.180 0.180 0.175 417,500
2024-04-01 0.180 0.185 0.185 0.180 431,900
2024-03-29 0.185 0.195 0.195 0.180 584,500
2024-03-27 0.195 0.175 0.195 0.170 1,051,300
2024-03-26 0.175 0.190 0.190 0.175 583,800
2024-03-25 0.190 0.205 0.220 0.190 3,014,100
2024-03-22 0.190 0.180 0.190 0.170 2,744,000
2024-03-21 0.175 0.175 0.185 0.165 3,187,000
2024-03-20 0.175 0.155 0.180 0.155 8,634,900
2024-03-19 0.150 0.140 0.150 0.130 9,045,900
2024-03-18 0.135 0.125 0.135 0.120 6,905,900
2024-03-15 0.125 0.155 0.155 0.125 6,236,600
2024-03-14 0.155 0.155 0.160 0.155 511,700
2024-03-13 0.155 0.155 0.160 0.150 476,300
2024-03-12 0.155 0.155 0.155 0.150 905,900
2024-03-11 0.155 0.165 0.165 0.155 768,100
2024-03-08 0.165 0.175 0.175 0.165 239,800
2024-03-07 0.175 0.165 0.175 0.165 62,800
2024-03-06 0.165 0.170 0.175 0.165 561,600
2024-03-05 0.180 0.175 0.180 0.170 90,700
2024-03-04 0.180 0.180 0.180 0.170 92,800
2024-03-01 0.175 0.190 0.190 0.165 1,496,600
2024-02-29 0.195 0.195 0.195 0.195 0
2024-02-28 0.195 0.195 0.200 0.195 160,000
2024-02-27 0.190 0.195 0.195 0.190 150,000
2024-02-26 0.195 0.195 0.200 0.195 126,700
2024-02-23 0.200 0.205 0.205 0.195 277,500
2024-02-22 0.200 0.210 0.210 0.190 1,796,600
2024-02-21 0.215 0.215 0.215 0.210 290,600
2024-02-20 0.220 0.220 0.220 0.220 5,000
2024-02-19 0.210 0.210 0.215 0.210 64,500
2024-02-16 0.215 0.215 0.215 0.215 68,500
2024-02-15 0.210 0.215 0.215 0.210 37,000
2024-02-14 0.215 0.220 0.220 0.215 32,000
2024-02-13 0.210 0.210 0.210 0.205 87,200
2024-02-09 0.210 0.210 0.210 0.210 30,000
2024-02-08 0.210 0.210 0.210 0.210 25,000
2024-02-07 0.210 0.205 0.210 0.205 46,200
2024-02-06 0.210 0.210 0.210 0.210 0
2024-02-05 0.210 0.210 0.210 0.210 128,500
2024-02-02 0.210 0.220 0.220 0.210 542,700
2024-01-31 0.225 0.220 0.225 0.220 20,000
2024-01-30 0.220 0.225 0.225 0.220 74,000
2024-01-29 0.225 0.230 0.230 0.225 154,900
2024-01-26 0.225 0.225 0.225 0.220 70,000
2024-01-24 0.225 0.225 0.230 0.225 166,300
2024-01-23 0.225 0.215 0.225 0.215 393,400
2024-01-22 0.215 0.215 0.215 0.210 209,100
2024-01-19 0.220 0.225 0.225 0.210 305,600
2024-01-18 0.220 0.225 0.225 0.215 899,200
2024-01-17 0.230 0.230 0.230 0.225 779,500
2024-01-16 0.230 0.250 0.250 0.230 1,009,000

NTA 0.6600
P/B 0.22
RPS 36.15
PSR 0.40
Market Cap 75.1M
Shares (mil) 518.26

oversold$$$$$$$$$$$$$$$$$

RSI(14) Neutral 34.8
Stochastic(14) Oversold 6.3
Average Volume (3M) 1,009,000
Relative Volume 2.4

be greedy when others are fearful... do your own study yah!!!

LIST OF THIRTY LARGEST ORDINARY SHAREHOLDERS
according to the Record of Depositors as at 31 March 2023
No. of
Name Shares Held %
1. AmSec Nominees (Tempatan) Sdn Bhd 56,576,900 11.43
Pledged Securities Account for Ambank (M) Berhad for
Omesti Holdings Berhad (SMART)
2. RHB Nominees (Tempatan) Sdn Bhd 54,079,258 10.93
Pledged Securities Account for Low Chee Group Sdn Bhd
3. Gryphon Asset Management Sdn Bhd 52,645,250 10.64
4. Lee Fook Yuen 21,020,900 4.25
5. Affin Hwang Nominees (Asing) Sdn Bhd 18,744,800 3.79
Pledged Securities Account for Mettiz Capital Limited
6. Cartaban Nominees (Tempatan) Sdn Bhd 17,000,000 3.44
Pledged Securities Account for Kenanga Islamic Absolute Return Fund
7. M&A Nominee (Asing) Sdn Bhd 15,060,000 3.04
Montego Assets Limited
8. Low Chee Group Sdn Bhd 11,033,774 2.23
9. Kenanga Nominees (Tempatan) Sdn Bhd 9,000,000 1.82
Pledged Securities Account for Mary Anne Woon Lai Kheng
10. M&A Nominee (Tempatan) Sdn Bhd 8,850,000 1.79
Pledged Securities Account for Chan Chee Hong (M&A)
11. Low Tuck Choy 6,817,500 1.38
12. RHB Nominees (Tempatan) Sdn Bhd 5,679,000 1.15
Pledged Securities Account for Low Tuck Choy
13. Chan Kong Yew 5,527,000 1.12
14. M & A Nominee (Asing) Sdn Bhd 5,000,000 1.01
For Winfields Development Pte. Ltd.
15. Kwan Siew Deeg 4,642,600 0.94
16. Toh Chai Hoon 4,642,000 0.94
17. Phillip Nominees (Tempatan) Sdn Bhd 4,271,900 0.86
Pledged Securities Account For Tan Siew Booy
18. Hooi Yoke Lin 4,000,000 0.81
19. Inter-Pacific Equity Nominees (Tempatan) Sdn Bhd 3,989,300 0.81
Pledged Securities Account for Kok Tiu Wan
20. Yap Siew Bee 3,800,000 0.77
21. Maybank Nominees (Tempatan) Sdn Bhd 3,525,554 0.71
Maybank Private Wealth Management
for Mohamed Nizam Bin Abdul Razak
22. Maybank Nominees (Tempatan) Sdn Bhd 2,831,500 0.57
Pledged Securities Account for Monteiro Gerard Clair
23. Lim Chau Liang 2,451,700 0.50
ANNUAL REPORT 2022 • 247
LIST OF THIRTY LARGEST ORDINARY SHAREHOLDERS (CONT’D)
according to the Record of Depositors as at 31 March 2023
No. of
Name Shares Held %
24. RHB Capital Nominees (Tempatan) Sdn Bhd 2,411,300 0.49
Pledged Securities Account for Low Choon Chong
25. Young Lee Lee 2,260,000 0.46
26. AmSec Nominees (Tempatan) Sdn Bhd 2,203,000 0.45
Pledged Securities for Yap Siew Bee (MX3809)
27. AmSec Nominees (Tempatan) Sdn Bhd 2,053,000 0.41
Pledged Securities Account for Ahamad Aminnurdin Bin Dinyati
28. Tiong Nam Logistics Holdings Berhad 2,000,000 0.40
29. AmSec Nominees (Tempatan) Sdn Bhd 1,854,600 0.37
Pledged Securities for Mok E. King
30. Lim Lai An 1,650,000 0.33
Total 335,620,836 67.82

stay calm, any selldown is an opportunity even to traders hehe

many properties as assets also hehe

LIST OF
MATERIAL PROPERTIES
As at 31 December 2022
No. Location/Land details
Age of
Building
Date of
Acquisition Tenure Size Existing Use Description
Net Book
Value
RM’000
1. Geran 79551, Lot 101901
(previously known as
HSD 119868, PT 15291),
Mukim Petaling, Daerah
Kuala Lumpur, Negeri
Wilayah Persekutuan
Kuala Lumpur
(Bandar Bukit Jalil)
– 12/09/1995 Freehold 512,591
square
feet
Property
development
Development
Land
1,229
2. Geran 79552, Lot 101901
(previously known as
H.S.(D) 119869, PT 15292),
Mukim Petaling, Daerah
Kuala Lumpur, Negeri
Wilayah Persekutuan Kuala
Lumpur
(Bandar Bukit Jalil)
– 12/09/1995 Freehold 104,335
square
feet
Property
development
Development
Land
98,542
3. Geran 79553, Lot 101901
(previously known as
HSD 119870, PT 15293),
Mukim Petaling, Daerah
Kuala Lumpur, Negeri
Wilayah Persekutuan
Kuala Lumpur
(Bandar Bukit Jalil)
– 12/09/1995 Freehold 320,621
square
feet
Property
development
Development
Land
769
4. Geran 79554, Lot 101901
(previously known as
HSD 119871, PT 15294
Mukim Petaling, Daerah
Kuala Lumpur, Negeri
Wilayah Persekutuan Kuala
Lumpur
(Bandar Bukit Jalil)
– 12/09/1995 Freehold 109,849
square
feet
Property
development
Development
Land
263
5. Ho Hup Tower
Geran 78076, Lot
no.101462, Mukim Petaling,
Daerah Kuala Lumpur,
Negeri Wilayah Persekutuan
Kuala Lumpur
(Bandar Bukit Jalil)
6.5
years
21/9/2016 Freehold 146,812
square
feet
Office Tower Office Tower 97,962
244 HO HUP CONSTRUCTION COMPANY BERHAD • 197301000497 (14034-W)
List of Material Properties
As at 31 December 2022
(Cont’d)
No. Location/Land details
Age of
Building
Date of
Acquisition Tenure Size Existing Use Description
Net Book
Value
RM’000
6. Lot No. B-13-1, B-13-2,
B-13-3, B-13-3A & B-13-5
Pusat Perdagangan Bandar
Bukit Jalil
Persiaran Jalil 1
57000 Kuala Lumpur
4
years
31/12/2017 Freehold 11,246
square
feet
For rental Shop Offce 12,105
7. Laman Iskandaria
Geran 43607 - 43611, Lot
No. PTD 14189 - 14193
Mukim Ulu Sungai Johor,
District Kota Tinggi, Johor
Darul Ta’zim
4
years
02/11/2017 Leasehold 4,303,734
square
feet
Property
development
Development
Land
215,132
9. Carpark B1, B2, B3, LG
and LG1 at Aurora Place,
Persiaran Jalil 1, Bukit Jalil,
Kuala Lumpur
– 31/12/2019 Freehold 2027
bays
Carpark Building 65,800
10. 32 Units of Retail Lots
located at Lower Ground
floor at Aurora Place,
Persiaran Jalil 1,
Kuala Lumpur
– 31/12/2019 Freehold 51,757
square
feet
Retail Lots Building 49,348
11. Exhibition Floor located at
Level 4 at Aurora Place,
Persiaran Jalil 1,
Kuala Lumpur
– 31/12/2019 Freehold 16,685
square
feet
Exhibition
Floor
Building 15,040

need patience for recovery as construction activities should improve from this year onwards.

On 15 August 2023, the Company announced to undertake a Private Placement (“PP”) of up to
49,486,000 new ordinary shares in HO HUP (“HO HUP Shares”). As such, the PP will entail
the issuance of up to 49,486,000 new Shares (“Placement Shares”), representing up to 10.0%
of the total number of issued Shares to independent third-party investors. Bursa Malaysia
Securities Berhad had approved the listing of and quotation for the new ordinary shares in Ho
Hup (“Placement Shares”) on 27 October 2023.
The Proposed Private Placement will be implemented in multiple tranches, if required, within
6 months from the date of approval of Bursa Malaysia Securities Berhad (“Bursa Securities”).
Subsequently, any extension of time for the implementation of the Proposed Private Placement
will be subject to Bursa Securities’ approval. As such, there could potentially be several price
fixing dates depending on the number of tranches and timing of implementation.
On 14 November 2023, the Company had fixed the issue price of the first tranche of the
Placement Shares at RM0.235 per Placement Share to be issued pursuant to the Private
Placement, representing a discount of approximately RM0.0243 or approximately 9.37% to the
5-day volume weighted average market price of Ho Hup Shares from 6 November 2023 to 10
November 2023 of RM0.2593.
On 28 November 2023, the 23,400,000 new Shares @ RM0.2350 has been listed.

retained earnings~RM160mil... keep till 2025-2026...

NTA 66sen @31/12/23, Balance sheet seems ok...

HO HUP CONSTRUCTION COMPANY BERHAD 197301000497 (14034-W)
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
For the financial year ended 31 December 2023
(The figures have not been audited)
3
31 Dec 2023 31 Dec 2022
RM'000 RM'000
(Unaudited) (Audited)
ASSETS
Non-Current Assets
Property, plant and equipment 18,061 203,647
Right-of-use assets 20,243 25,842
Investment properties 135,713 138,837
Intangible assets 39 39
Goodwill 898 11,378
Quarrying rights 502 616
Inventories and other contract costs 83,260 83,260
Investment in joint ventures 567 367
Quarry development costs 3,303 4,346
Other Investment - 2,063
Deferred tax assets 542 684
263,128 471,079
Current Assets
Inventories and other contract costs 510,423 538,757
Contract assets 94,914 141,607
Trade receivables 181,699 202,419
Other receivables 141,809 138,786
Amount due from a joint venture 99 99
Tax recoverable 49 162
Fixed deposits with licensed banks 7,510 11,602
Cash and bank balances 13,238 19,131
949,741 1,052,563
TOTAL ASSETS 1,212,869 1,523,642
EQUITY AND LIABILITIES
Equity attributable to owners of the parent
Ordinary share capital 263,169 256,870
Other reserves (77,104) (77,104)
Foreign currency translation reserve (2,145) (2,091)
Retained Earnings 159,401 234,443
343,321 412,118
Non-Controling Interest 3,555 7,584
Total Equity 346,876 419,702
Non-Current Liabilities
Lease Liabilities 4,543 5,389
Borrowings 316,226 388,805
Deferred tax liabilities 13,347 19,166
334,116 413,360
Current Liabilities
Contract liabilities - 20,457
Borrowings 191,890 261,896
Trade payables 111,572 139,385
Other payables 162,466 192,565
Lease liabilities 4,970 9,945
Provision for taxation 60,979 66,332
531,877 690,580
TOTAL LIABILITIES 1,103,940 865,993 TOTAL EQUITY AND LIABILITIES 1,523,6