Simon2020, thank you for yr good analysis. yes- just bought knm a bit with this strong point on borsig

We should ask why many still flock to SIN, AU, Canada, UK, NZ property despite of very very high price vs Malaysia???? Falling MYR with cheap property price in Malaysia still incur high over-hang unsold property.Why? How sure we are that price is the only consideration for investors?

KUALA LUMPUR, July 7 — The Johor state government said it will meet with property developers to solve the glut of over 80,000 unsold Bumiputera properties worth tens of millions of ringgit.

Johor state housing and local government committee chairman Datuk Md Jais Sarday said he would be engaging talks with the Real Estate and Housing Developers Association (Rehda) soon to find a remedy on this issue.

“I have been told that developers are facing a lot of constraints, including cash flow as a result of holding on to the Bumi units for long periods,” he was quoted as saying in The Star.

“We have to find a win-win situation to address this issue as we need developers to continue building low and affordable homes,” he added.

According to the news report, the Bumiputera properties comprise condominiums, apartments, shop lots, industrial lots and luxury houses.

In the same report, Johor Rehda chairman Datuk Steve Chong said he looked forward to the meeting with Md Jais.

“These unsold bumi lots are a problem facing [by] all developers,” he was quoted as saying.

He pointed that all projects in Johor are required to set aside 40 per cent as Bumiputera lots.

Govt., + LHDN+custom's eagerness to increase tax revenue backfired with nothing as many choose close business. many other place with lower cost such as vietnam, thailand, myammar investor can opt. from nowadays. we already lose the competitivenss as low cost base for MNC. many will jobless going forward. PEN as MNC eletronic base hit the most

your guys fallen into foxy Lee's trap...he purposely push down price to speed up MGO at peanut price...highly manipulated to downside

TheContrarian is Lee, Mulpha boss himself who talk bad of own co. wakaka....

Mr Lee Seng Huang already have 48.72% stake, so far. will Mulpha MGO soon?

Instead of become Ardent's white knight- why not become own saviour first? Charity starts at home ma...don't tell me Lee not aware that everyone is pissed off with its Mafia's performance...wa kaka

very aggressive Lee attack again. This time via HKG listed Sun Hung Kai & Co, buy Ardent Leisure-theme park operator in AU, NZ which is in trouble now....waloe....Lee- why can't show your real power push-up own share first before attack others?? till now, all ikan bilis supporters still suffering under your lousy leadership????

Following Lee Eng Leong's appointment as executive director on 3 july, he has relinquished his role as group CFO of MIB

I still haven't receive it...not sure if less than 18,000 shares got dividend or not?

so, now we can figure why Fairfax must sell sensationalised, malicious news to keep floating. its in big trouble actually with no bidder for it. wa kaka. This is karma

SYDNEY: US private equity giant TPG Capital Sunday walked away from its offer to buy Fairfax Media, with reports saying the embattled Australian media empire would spin-off its property advertising business instead.

TPG and its partner Canada’s Ontario Teachers’ Pension Plan Board was in a bidding war with US investment firm Hellman & Friedman — former owners of US multimedia company Getty Images and German publisher Axel Springer — over Fairfax.

TPG made an offer in May of Aus$1.20 (92 US cents) a share that valued Fairfax at Aus$2.82-Aus$2.87 billion, while Hellman & Friedman proposed to buy the firm at Aus$1.225-Aus$1.250 a share.

But after a period of due diligence, TPG said it was withdrawing from the sale process.

“The TPG/OTTP consortium has today (Sunday) exited the Fairfax due diligence process and has elected not to proceed with an offer,” a TPG spokesman said in a statement.

“TPG thanks the Board and senior management team of Fairfax for the integrity and focus they have brought to the discussions.”

Hellman & Friedman on Friday sent a letter to Fairfax’s board saying it had not walked away, but did not submit a binding bid, Fairfax publication The Australian Financial Review reported.

Both offers were for the entire firm, which includes mastheads The Sydney Morning Herald, The Age and Financial Review, the lucrative property advertising Domain Group and its events and digital business units.

Without any binding offers, Fairfax was expected to end the buyout process Monday and instead announce plans first flagged in February to spin-off Domain, the Financial Review added.

Fairfax had previously said it wanted to list Domain as a separate entity while retaining up to 70 percent of its shares.

Like its global peers, Fairfax has slashed jobs and costs owing to falling circulation and advertising revenue.

But Domain has fared better, with chief executive Greg Hywood telling a business conference in May that revenues jumped 10 percent in the first 17 weeks of this year.

The group is the main rival in Australia to News Limited, Rupert Murdoch’s Australian empire, which is also suffering from falling revenues.

Since AVEO 77% shareholders motive-co-incident many are Aveo residents-to play politics by kicking out Mulpha; won't it be better off just cash out, reduce debts with some dividend to shareholders which we always lament lack of? so many years holding with nothing in return sure make everyone shun mulpha. Lee said its due to undervalued cause it use share buyback instead of dividend; somehow unappeciated as reward to shareholders. But, shareholders said its due no dividend-no one support it. its an chicken and egg argument.

Mulpha actually not so bad with many quality assets in AU. But, somehow his boss's poor public relations cause investors avoid this counter. Look at Tony-Airasia; almost everyday got fantastic news to engage with media. Mulpha must learn from Tony master in public relations to build up his poor image and reputation at public.

Fairfax AU media looks more interested to target non-executive chairman of Aveo, Lee with hidden motive of character assasination then the Aveo's EXECUTIVE CEO, Geoff Grady or the company itself. Fairfax NO mention Geoff as executive CEO at all-whom should be more accountable and defend hard company's image- but only deliberately highlight Lee on negative spot light. The blind also can see why. Aveo is just Mulpha's small 22% interest associate.

waloe... be an asian champion still not enough? wanna fight with american airlines giant with long haul to US. sure boh wan win kui lo america? wakaka.

went to mct onecity yesterday-1st time visit, thought parking space will full. to my suprise, all parking vacant..feel bit scary unlike other fully parked mall. anyway, still snap some photos at highest open 9th floor grown with grass i/o flowers. wa ka ka....only one tenant selling shows at ground floor. all others closed due to Raya holiday i guess?

Radzi should be a lawyer, defend hard the indefensible. long haul low cost model is unsubstainable.

Loss Myr277K but some may misread as myr277Million.

CKP is accumulating. He intend to launch hostile take over on NG, his nemesis's counter. wa ka ka...just kidding

in life, we shouldn't bite the hand who feeds us like CKP...wakaka

Chinasian is the financier who bankrolling this project. Without finance support, if nexgram ask for further cash thru right issue...I guess everyone fleece. wa ka ka

KUALA LUMPUR: Rapid Rail Sdn Bhd dan Scomi Engineering Berhad mengenal pasti 13 pengubahsuaian kritikal berkaitan keselamatan yang perlu dilakukan terhadap tren monorel 4 gerabak sebelum mengembalikannya untuk diservis.

Dalam kenyataan hari ini, Ketua Pegawai Eksekutif Rapid Rail, Datuk Zohari Sulaiman berkata, setakat 25 Mei lepas, Scomi mengenal pasti 26 pengubahsuaian yang perlu dibuat terhadap tren berkenaan.

Menurutnya, daripada jumlah itu, 13 pengubahsuaian adalah kritikal demi keselamatan dan perlu dilakukan sebelum tren berkenaan dikembalikan untuk diservis.

“Walaupun Scomi mengisytiharkan tren monorel 4 gerabak itu layak beroperasi, tetapi sebagai pengendali rel bandar yang bertanggungjawab, profesional dan berpengalaman, Rapid Rail tidak akan mendedahkan keselamatan orang ramai kepada sebarang risiko,” katanya.

Zohari berkata, Rapid Rail hanya akan menggunakan tren berkenaan setelah mendapat pengesahan Scomi.


Katanya, setelah jurutera Scomi mengesan kekurangan pada tren itu dan mencadangkan beberapa pengubahsuaian yang perlu dilakukan, ia tidak segera dilakukan dan ini meningkatkan risiko terhadap keselamatan penumpang.

“Perkara yang menjadi keutamaan segera Rapid Rail ialah memastikan Scomi yang memperakui pelbagai pengubahsuaian perlu dilakukan terhadap tren monorel 4 gerabak itu, melakukannya dengan segera dan teliti.

“Tiada pihak dan perkara lebih penting daripada keselamatan pelanggan kami dan orang ramai,” katanya.

Rapid mengeluarkan kenyataan itu sebagai respons terhadap laporan media yang memetik kenyataan Scomi tentang keadaan tren monorel dan kelayakannya untuk beroperasi.

Dear Radzi, at least MUI wont ask for money-right issue from us. Unlike AAX will ask right issue money sooner. wa ka ka. debts AAX myr3.5 billion -keep rising like everest...MUI assets much many times larger & can cover its debts. AAX only left with junk aircraft. wa kaka

nekosan, always say one thing, do one thing. talk bad about Olympia, but curi curi buy it. wa kaka

UK GE shows Hung parliament. almost half UK reject Brexit idea. looks like UK must stick with EU for some time...for arrogant May, she has to resign with shameful result beyond her imagination.

CKP will get its due soon-Karma...Nexgram new directors do the right thing. cool down, focus on job done, make profit not fighting with evil small people.

Indon construction workers now got intense competition from crazy hardworking Chinaman workers....this is good news, so that we don't rely too much on INDON only

Behind the scene, many large local developers only secure orders and sub-con secretly to chinaman without our knowledge. so, same modus operandi. many local sub-con complaint on chinaman contractors too cheap cost competing with locals

No need to worry on execution. They'll sure engage Chinaman contractors to realise it who can do same job at lower cost than us. should worry about order replenishment.

KUALA LUMPUR: Nexgram Holdings Bhd's joint development project, Angkasa Icon City in Sepang will have a gross development value (GDV) of RM1.15bil.

In a reply to a query from Bursa Malaysia Securities, it said on Wednesday based on the estimation and valuation by the consultatnts, the estimated development cost is between RM600mil and RM650mil.

To recap, its unit Nexgram Land Sdn. Bhd had on May19 inked a joint development agreement with ChinaAsian Capital Holding Ltd to undertake a joint development for a mixed commercial development provisionally known as “Angkasa Icon City”. The land is owned by its unit Nextnation Datacity Sdn. Bhd.

The project will comprise of one block of hotel, one block of small office, virtual office and one block of service suite apartments.

Nexgram said work on the project would depend on the date of approval of the building plans. The proposed completion date is 60 months from the approve development order and building planbs and an extension of 12 months.
Read more at http://www.thestar.com.my/business/business-news/2017/06/07/nexgram-joint-angkasa-city-devt-gdv-at-rm1pt15b/#SZvU4ZeM0dOC0o8G.99

chinaman boss who cooking account book no to be charged, jailed?

lesson: don't invest in any GLC...no accountability since not grandfather's money after all losses

this is a tactic to cheap privatisation. I guess he sold to proxy....we must STOP this damn cheap dirty tactic. we must ask for unlocking assets + capital repayment to protect minority. SC, BS- pls do something

i'm so surprised the billionaire Tan Sri KKP has to sell 2.5million shares at damn cheap my0.18/ only. is he really short of cash? i guess unlocking huge assets are matter of time

Calvin, you're right. but, most are traders nowadays, today makan, today berak...not many willing to hold long term unless investors with iron will

To be fair, all O&G companies also got impairment loss on assets. This is one-off only. At this critical stage, there should be M&A to achieve economy of scale. But, somehow it happens very slow as lamented by PETRONAS chief. O&G industry is strategic importance to our nation in ensuring sustainable energy and low cost supply chain. Thus, govt. wont let this industry collapse and will do the necessary. if govt. do nothing, oil supply shock will cause inflation super high like what happen to Venezuela. many become beggars, prostitutes at street.

should sack all his lousy management & replace with talents. Kasi malu...myr100million loss per Qtr.Crazy loss...Shah Hakim with fat salary still there? in their dictionary, missing a word MALU

no need right issue....Many non-core assets which are non-performing should be sell out to reduce gearing+ interest cost. MUDAJAYA is one of them...keep make loss only

KUALA LUMPUR: IJM Corp, Malaysia’s biggest builder by revenue, may spin off its infrastructure unit and sell some non-core assets as part of a plan to focus on growing its main revenue-generating businesses.

The company may also consider paring its 56% stake in IJM Plantations Bhd. through local or foreign partnerships that could contribute to a larger landbank for the unit, chief executive officer Datuk Soam Heng Choon said in an interview on Tuesday.

The move is also aimed at improving trading of IJM Plantations shares as liquidity is low, he said.

IJM’s non-core assets have a book value of more than RM600mil, Soam said. That includes a 24.5% stake in oil and gas services provider Scomi Group Bhd and a hotel in Selangor state, he said.

Change of guard in Scomi again?

retail Metrojaya pull down its profit as usual. e-commerce Lazada kill off retail business. should just sell out or merge with AEON with much better management

Ample assets but still loss due to unproductive management. Tan Sri KKP already old...must bring in new talents or change of guard to turnaround

High interest payment myr25Million per Qtr, MYR100Million per annum eat up all his profit margin. if debts can be lowered, profit will rise substantially. 1st Qtr pay higher tax myr8million. Thus, end up with negligible loss myr1.3Million~anway, its positive as LHDN is haunting whoever pay lower tax

Last Qtr report shows cash level at myr142Million. Not sure about the job burning rate. But, look forward for Ophir marginal oil field prospect to kick start soon

if IJM management are proven genius and strong, any challenging industry also they can overcome. But, if the management is lousy, it will still mediocre result even during bullish economy. I'll say there is indeed improvement since IJM join in as strategic shareholder.

Amazing profit result but with amazing falling price....why???look see look see with interest this counter quite some time..so funny movement.-anything amiss???

If it can minimize loss which is widely expected in oil& gas industry now, it's considered good. let's wait and see if IJM can do the miracle as what they did in IJM with amazing result. This time I'm sure Pak Lah counter already wake up. wa kaka

SCOMI become salted fish since Pak Lah left politics last 10 years ago. when can we see scomi back to glory. we miss Pak Lah a lot as nicest PM we ever had

At an inaugural lecture held in honour of former premier Abdullah Ahmad Badawi, prime minister Najib Abdul Razak today credited his predecessor for unwavering loyalty to Umno and Barisan Nasional.

Najib during his speech at the event hosted by Pertubuhan Legasi Tun Abdullah Ahmad Badawi in Putrajaya, also took a subtle jab at those he said have betrayed Umno and the country.

"I would like to honour his loyalty all this while, no matter what happened, he continued to give full support and stood beside me, the government, Umno and BN.

"Not even once did he think of doing any actions to betray the party and the country, or go as far as leaving the party," he said, without mentioning any names...


Read more: https://www.malaysiakini.com/news/383483#ixzz4i57AW0xt