Further to the Company’s third announcement made on the 19th of May  2017, the Board of Ranhill Holdings Berhad wishes to inform that as at the date of this announcement, parties to the MOU have completed the review and testing of the Joint Billing System.  The Parties are presently awaiting the official approval for the Proposed Joint Billing Exercise from the State Government.

 

Unless otherwise stated, defined terms in this announcement shall carry the same meaning as defined in the previous announcements.

 

We will make the necessary announcement when there are material developments.

 

The announcement is dated 28th August 2017.

KUALA LUMPUR (Aug 28): Ranhill Holdings Bhd's net profit for its second quarter ended June 30, 2017 (2QFY17) plunged 61.57%, from RM37.77 million to RM14.51 million, on recognition of rationalisation and relocation costs.

Quarterly revenue came in at RM367.98 million, 3.06% higher than the RM357.04 million recorded for the corresponding quarter in the preceding year.

For the cumulative six months (1HFY17), Ranhill reported a 32.4% fall in its net profit to RM30.21 million from RM44.67 million a year ago, although quarterly revenue increased 2.58% to RM719.93 million from RM701.79 million in 1HFY16.

In a filing with Bursa Malaysia today, the company said the decrease in profit was mainly due to the RM6.1 million rationalisation and relocation cost recognised in the quarter, while a one-off recognition of negative goodwill of RM20.1 million recognised in 2Q 2016 made up the other variances.

The company added that the growth in its top line was due to increase in volume of water consumption coupled with an increase in customer base arising from new housing and industrial developments, lifting its environment business segment performance.

On prospects, the company said that its non-revenue water (NRW) division spearheaded by Ranhill Water Services has secured Johor Phase 5 NRW jobs in Johor, and is actively involved in negotiations of NRW works in other states in Malaysia.

Additionally, the company said that it is in the final phase of negotiation with regards to the 300MW Combined Cycle Power Plant in Sandakan, which will contribute additional revenue and profit to the group.

As for its international environment segment, the company said its joint venture with SIIC Environment Holdings Ltd is now properly poised to commence exploring new opportunities for industrial waste-water concession contracts and other potential water related works in China and other South East Asia countries under the One Belt One Road initiative.

Ranhill share price increased 0.5 sen today to close at 81.5 sen, for a market capitalisation of RM723.98 million.

Down little by little. We can't describe it as a good result as last year Q2, factory was shot down for about 2 weeks for maintenance while this Q2 did not.

9.6 leh.

Back to same price. Can buy more. Somebody need cash.

Bank Negera Q2 report shows most bank are doing well. AMMB, CIMB Q2 results out show that.

Too worry. you better sell. Don't invest.

Excellent.

Wait at 0.29.

Bullshit. If you think shares capital gain is realized gain, then you are totally wrong. Shares prices cannot go down also until it's mum also cannot recognized. That's why it is unrealized gain until you sell them.

The author is just based on data as fact., curious2.

http://www.theedgemarkets.com/article/kip-mall-kota-warisan-targets-full-takeup-end2017

only 90000 units. Not much. still got room 10000 units to collect. No bullet. Got to wait again.

Good new now from JPMorgan. No more sell down. Next week up.

KUALA LUMPUR (Aug 25):  J.P. Morgan analyst Harsh Wardhan Modi upgraded the recommendation on Ammb Holdings Bhd to overweight from rating suspended.

Modi predicted AMMB Holdings will trade at 5.20 ringgit within a year, implying a 15 percent increase from the last close. The target is 6.1 percent above the consensus average of 4.90 ringgit. AMMB Holdings had 4 buy recommendations, 11 holds and 3 sells before today.

Modi is in the minority on the stock, which has lost 9.6% in the past month. The last time the stock was raised to to buy was July 7, by TA Securities Holdings Berhad's Team Coverage.

In the past six years and nine months, JPMorgan has rated AMMB Holdings neutral four times, underweight twice and overweight once. The shares rose an average 5.9 percent in the periods rated neutral, fell an average 24 percent in the periods rated underweight and rose 12 percent in the period rated overweight.

Analysts raised their consensus one-year target price for the stock by 9.4 percent in the past six months. Forecasts range from 2.65 ringgit to 6.10 ringgit.

Modi covers 22 companies; 10 are rated overweight, 9 are rated neutral and 3 are rated underweight.

The following table shows the analyst's ratings history, the stock performance during the span of those recommendations and index comparisons:

 

 

     Date       Rating  Price RangePercent ChangeFtse Bursa Malaysia Klci4.52Juneringgit -16,5.112017Neutralringgit-11%-0.9%4.87ringgit -May 4,5.562017Underweightringgit-5.6%1.9%3.90Oct.ringgit -10,5.622016Neutralringgit33%5.6%3.98Aug.ringgit -24,7.022014Underweightringgit-42%-11%6.93ringgit -July 8,7.182014Neutralringgit-3.2%-1.6%5.38Juneringgit -16,8.082011Overweightringgit12%22%6.05Nov.ringgit -18,7.152010Neutralringgit4.9%3.8%

Result is out. You are right, YSL888.

Don't come here, short-sighted melling0809, you will become rubbish when you are here. Go away!

http://www.klsescreener.com/v2/news/view/273419

You can say whatever you want to say. High Costing and dilution of shares (conversion from tonnes of warrants and coming more) are culprits. Take care tomorrow lah.

AMMB (Trading Buy, TP: RM5.40): Sale of ANZ stake scrapped as RHB deal collapses. Australia and New Zealand Banking Group Ltd’s (ANZ) plans to sell its stake in AMMB Holdings (AmBank) have fallen through after a proposed acquisition of the Malaysian lender by a domestic rival was scrapped, sources familiar with the matter said. ANZ had been in talks to sell a 24% holding, worth around USD790m (RM3.4bn) at current market prices, to a Malaysian pension fund KWAP. But the failure of AMMB and its bigger rival RHB Bank to agree on terms had also scuttled this deal, the sources said. (Reuters)

Good prospect. Not afraid of competition.

The occupancy of office building especially in Klang Valley remains sluggish as a result of oversupply in the
past few years. However, Menara KOMTAR which is mostly occupied by the sponsor of Al-Salām REIT,
Johor Corporation Group. This provides long term occupancy reliability for Menara KOMTAR. As at end of
Q2-2017, Menara KOMTAR recorded an occupancy rate of 93% (FY2016: 93%).
The QSR Properties which are on a Triple Net arrangement with 100% occupancy rate and the resiliency of
food and beverages industry provides stability to Al-Salām REIT. KFCH College Building is being 100%
tenanted by the education and hospitality division of KPJ group of companies which provide long term
occupancy steadiness.
The Manager will ensure the existing assets within the portfolio are well maintained to ensure the stability of
rental income, stable income distributions for Al-Salām REIT and create long-term value for its unitholders.
Apart from that, the Manager is actively identifying good assets for new acquisition to continuously improve
the yield and ensure further growth of Al-Salām REIT.

Retail business in Malaysia continues to remain challenging in 2017 with the consumer confidence in 2016 yet
to recover due to the sluggish economy. In Johor Bahru, the competition is set to intensify with supply of new
sizeable malls which will change the retail landscape in the city. Given the strategic location of KOMTAR
JBCC in the city centre of Johor Bahru and directly connected to CIQ and the transportation hub, JB Sentral,
the Manager is confident that it will provide the competitive advantage in weathering the incoming
competition.
KOMTAR JBCC is the core asset in Al-Salām’s asset portfolio making up of about 48% of the total portfolio.
The tenancy which was due for renewal mostly in third quarter 2017, have seen significant numbers of
renewal. The numbers of non-renewal of tenancy represent less than 5% of the total net lettable area in
KOMTAR JBCC and the vacancy has been progressively filled up with new tenants. Accordingly, KOMTAR
JBCC has improved its occupancy rate from 93% in FY2016 to 96% as at the end of the current quarter as
well as its revenue for Q2-2017 compared to Q2-2016.
The above reflects the confidence of the retailers on the prospect of KOMTAR JBCC despite the current soft
retail market and incoming competition from the new malls.
@Mart Kempas Community Hypermarket recorded an average occupancy rate of 92% (FY2016:90%) as at
the end of the current quarter. Being a community mart which offers shoppers a good range of necessary
household products, @Mart Kempas will remain resilient in this challenging economic situation.

I collected
20200 units in total now.

Take paham, buy more.

http://www.klsescreener.com/v2/news/view/272937

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5524273

10.92 cents.

Better Q2 result already. sit tight to go up.

Some like to shake the world economic. Then buy cheap.

Wait and see!

KUALA LUMPUR (Aug 23): Tambun Indah Land Bhd’s second quarter net profit dropped 29.67% to RM20.09 million, from RM28.57 million a year earlier, dragged by its property development division.
 
Revenue for the quarter ended June 30, 2017 (2QFY17) slumped 32.79% to RM70.12 million, from RM104.33 million previously, no thanks to fewer ongoing projects and lower new property sales recorded, given the overall market condition.
 
The Penang-based property developer did not declare any interim dividend.
 
For the cumulative six months (1HFY17), Tambun Indah’s net profit dropped 15.52% to RM44.09 million, from RM52.19 in the same period a year ago, while revenue declined 22.23% to RM150.59 million, from RM193.65 million.
 
Commenting on its financial performance, Tambun Indah said it had launched two projects in Penang during the latest quarter — the first phase of Pearl Saujana and Pearl 28 — valued at a gross development value of RM109.9 million and RM22.2 million respectively.
 
Tambun Indah said as at June 30, its ongoing projects — valued at RM1.6 billion in GDV — had achieved an average take up rate of 78.7%.
 
“The group noted steady progress billings from 13 ongoing projects, mainly from flagship township of Pearl City, including Avenue Garden, Raintree Park 2 and Pearl Tropika. Other developments beyond the township include Straits Garden, Bukit Residence, Permai Residence and Camellia Park,” Tambun Indah said in its statement to the local bourse today.
 
In the pipeline, the group's total property development projects are worth RM3 billion in GDV, while its unbilled sales amounted to RM132.8 million, which should contribute positively for the next two to three years, it said.
 
To date, Tambun Indah has launched more than 8,400 units of mainly residential properties in Penang, with total GDV of around RM3.2 billion. Its landbank stands at 631.46 acres, all of which are in Penang.
 
Tambun Indah said the outlook for the property industry continues to be challenging.
 
“Based on the foregoing and subject to successful implementation of the projects, the group will continue with its efforts to achieve satisfactory performance in the current financial year,” the statement added.
 
Shares in Main Market-listed Tambun Indah, controlled by its managing director Teh Kiak Seng with a 39.16% stake, closed unchanged at RM1.22 today, for a market capitalisation of RM528.63 million.

http://www.klsescreener.com/v2/news/view/272469

Buy more. Don't be afraid.

Ambank and RHB bank loh...

Yes, joetay.

Harry got stuck in Evergreen.

Not sure carries high risk.

I bought Ammnb and Rhb was due to forseeing they will fail in merging. So its prices will go up back to original. Cheers!

QoQ +71.71% YoY +131.00%

i bought AMMB and RHB was due to forseeing they will fail in merging. Then prices go up back to original.

On way back to RM5.50. If QR s good, then rise beyond this.

Very good!

Bullshit again. Now 5.8% GDP in Q2. Prove that economic is better. will see banks performing better. Now also cannot talk realistically, how to talk about future realistically? No body know about. future. If you want, you better prefict how you are young to die and when.

Better don't merge with RHB. Growing business. wait for its result. All RHB and Ambank prices will fly.

Consumer will spend more money. Business is better.

Given the continued strong performance in the
second quarter of 2017, the Malaysian economy
recorded a strong growth of 5.7% in fi rst half of 2017.
At this point, compared to the beginning of the year,
there are considerable improvements in the operating
environment of the economy. Looking ahead, it is
likely for the Malaysian economy to expand by more
than 4.8% for the whole year of 2017. Leading
indicators such as the Department of Statistics
Malaysia’s composite leading index, MIER Business
Conditions Index and MIER Consumer Sentiments
Index, suggest continued expansion of the domestic
economy.

Given the continued strong performance in the
second quarter of 2017, the Malaysian economy
recorded a strong growth of 5.7% in fi rst half of 2017.
At this point, compared to the beginning of the year,
there are considerable improvements in the operating
environment of the economy. Looking ahead, it is
likely for the Malaysian economy to expand by more
than 4.8% for the whole year of 2017. Leading
indicators such as the Department of Statistics
Malaysia’s composite leading index, MIER Business
Conditions Index and MIER Consumer Sentiments
Index, suggest continued expansion of the domestic
economy.

http://www.channelnewsasia.com/news/business/malaysia-surprises-with-5-8-gdp-growth-may-add-fuel-to-early-9135012

The Company sells some (not many), not the boss. The boss is one of the shareholders in the Company. It could be the Company decision. Sometime, comany needs cash. Sometimes they want to see market liquilities. Like even CIMB chairman sold some CIMB shares before, but business progress.