As of 30th June 2018, Hohup's 18% entitlements to the JDA at BJC is Rm253, 000,000.
SOURCE : MALTON'S AR 2018, note 18(f),as follow :

18. PROPERTY DEVELOPMENT COSTS (Cont’d)
(f) Pursuant to the Joint Development Agreement (“JDA”) dated 16 March 2010, and the Supplemental
Agreement dated 3 July 2012 (“SA”), Bukit Jalil Development Sdn Bhd (“BJDSB”), a third party, was
required to deliver vacant possession of a parcel of freehold land measuring approximately 50 acres
to Pioneer Haven Sdn Bhd (“PHSB”), a wholly-owned subsidiary company, for development. All the
development costs shall be borne by PHSB. PHSB is entitled to 82% of the gross development value of
the development, whereas BJDSB is entitled to 18% of the gross development value of the development
provided that the total entitlement of BJDSB should not be lesser than RM220,000,000 in accordance
with the terms of the JDA and the SA.
Included in property development costs is freehold land proprietor’s entitlement amounting to
RM314,489,000 (2017: RM394,446,000), of which RM253,358,000 (2017: RM274,778,000) [Note 32 (c)]
is payable to BJDSB, a third party.....

BJDSB is a wholly owned subsidiary of Hohup..

Chunks of payment $$$$ will come in....

QATAR Investment had given notice of intent to take an equity in the Pavilion BJC Mall 2 months ago...

Stay tune...

INSAS BECAME SUBSTANTIAL SHAREHOLDERS IN AUGUST 2013.

Bought all the way to RM1++, NOW Holding 13.5 %

Average cost should be RM1++

:)

Notice of Interest Sub. S-hldr (29A)
HO HUP CONSTRUCTION COMPANY BHD

Particulars of Substantial Securities Holder

Name
Insas Berhad
Address No. 45-5, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
NRIC/Passport No/Company No. 4081-M
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary Shares of RM1.00 each
Name & address of registered holder Insas Plaza Sdn. Bhd.
No. 45-5, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
Date interest acquired & no of securities acquired
Currency Malaysian Ringgit (MYR)
Date interest acquired 15/08/2013
No of securities 270,000
Circumstances by reason of which Securities Holder has interest Acquisition of shares through open market by Insas Plaza Sdn. Bhd.
Nature of interest Indirect
Price Transacted ($$)
Total no of securities after change
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 5,323,800
Indirect/deemed interest (%) 5.22
Date of notice 21/08/2013

Actually is Formis Holdings Berhad now name changed to Omesti Berhad.

It was almost 8 years ago...

Notice of Interest Sub. S-hldr (29A)
HO HUP CONSTRUCTION COMPANY BHD

Particulars of Substantial Securities Holder

Name
Formis Resources Berhad
Address 16th Floor, Menara PanGlobal, 8 Lorong P. Ramlee, 50250 Kuala Lumpur
NRIC/Passport No/Company No. 530701-T
Nationality/Country of incorporation Incorporated in Malaysia
Descriptions (Class & nominal value) Ordinary Shares of RM1.00 each
Name & address of registered holder Formis Holdings Berhad
16th Floor, Menara PanGlobal, 8 Lorong P. Ramlee, 50250 Kuala Lumpur
Date interest acquired & no of securities acquired
Currency Malaysian Ringgit (MYR)
Date interest acquired 28/06/2011
No of securities 21,000,000
Circumstances by reason of which Securities Holder has interest Deemed interested by virtue of Formis Holdings Berhad being a wholly-owned subsidiary of Formis Resources Berhad pursuant to Section 6A of the Companies Act, 1965.
Nature of interest Indirect Interest
Price Transacted ($$) 0.800
Total no of securities after change
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 21,000,000
Indirect/deemed interest (%) 20.59
Date of notice 28/06/2011


Formis Resources first took over 20.59% or 2 1,000,000 shares @80 cents per share

Want to buy leong shares loh...
Hope that it will be selling like in Pasar Malam..

Anyway, QR will be announced on 26th..
Hmmm....any lelong then? haha!

QR till now not announced.
Usually announced by the 15th of March every year.

Why the delay?
Very bad results?
Need to massage?

50％ gross margin, which is what Dayang made in the last QR, is not sustainable. Petronas is an idiot if they allowed their contractors make that kind of profit margin.

Date Price Target Source
18/03/2019 1.20 KENANGA
14/03/2019 1.25 PUBLIC BANK
25/02/2019 1.30 MIDF
25/02/2019 0.92 KENANGA
25/02/2019 0.91 HLG
26/11/2018 0.95 PUBLIC BANK
26/11/2018 1.30 MIDF
26/11/2018 0.83 KENANGA
26/11/2018 0.86 HLG

I thought those IBs kept revising their TP upwards...

No?

LOL

Have you bought?

All the hypes in Oil and Gas, vulnerable to losses later whereas this is a gem, so undervalued...

Park some money here is wisdom.. Hihi

45 cent RI, no body wanted. - OR was 0.5 cent, millions on board for sales and it went off like dirt, no one wanted.. RI undersubscribed..

Now all the shits become gold after a matter of less than 3 months..

This is one of the wonders of the world, the stock market..

That's why so many are addicted and got hooked to the stock markets where there are plenty of joys as well as sorrows.. Haha..

Good luck and huat... Have joys and no sorrows please..

Of course, the bulk of the cash would come in on completion and sales of the BJC Mall scheduled for completion by the 4Q 2020..

@44 cents, the market cap of the Company is only rm165m, yet there are about RM300 million cash flowing into the company in the next 2 years... What a feast..

It will move on...
by then Hohup likely is zero debt or net cash company, be able to pay dividend.. .BJC PARK 2 GDV RM 700 million, 18% will roll in in later years also... There are another Hotel and Office Tower yet to be built by Pioneer Haven in BJC... Some more $$$$...Hohup has balance 2.8 acres land in the BJC project for a condo development ...

Hohup would have grown into a much stronger and bigger property development /construction company after BJC fully completed...

It's cheap.....

JDA with Malton in BJC, Malton's unbilled sales @BJC approximately rm1.0 billion. Hohup's 18% entitlement would be Rm180 million.

The Pavilion BJC Mall, a GDV of about RM 1.4 billion, Hohup's 18% entitlement would be about RM250 million.

WOW! Once the Mall is sold to an equity partner, which can happen anytime soon, all the $$$$$ would come into Hohup's coffers.

4 Blocks of Park Sky Residence is scheduled to be handed over in the next 3-6 months...

$$$$$$ are coming....

Suddenly burst into life with active trading in the 1st hour of the 2nd session in the afternoon.

Something is brewing.

But now the NTA is RM 8.34

FY Ended 31 July
(RM ‘000)
2014 2015 2016 2017 2018
Revenue 254,365 263,122 285,734 337,988 349,777
Profit Before Tax 19,804 24,039 36,239 47,843 43,686
Net Profit Attributable to
Owners of the Company 10,883 17,031 30,683 43,994 39,338
Total Equity Attributable to
Owners of the Company 245,459 260,466 286,718 329,139 356,507
Basic Earnings Per Share (sen) 25.3 39.6 71.3 102.3 91.5
Dividend Per Share (sen) 3.0 6.0 7.5 12.5 18.5


2014 /2015 earnings were even better, but then the share price was only rm2-3

Just hope for the best..

Anyway I have no position..

Disaster

Date Price Target Source News
01/03/2019 0.25 HLG Price Target News
28/02/2019 0.33 BIMB Price Target News
28/02/2019 0.24 AmInvest Price Target News
28/02/2019 0.30 Affin Hwang Capital Price Target News
13/02/2019 0.25 HLG Price Target News
26/11/2018 0.27 HLG Price Target News
26/11/2018 0.33 BIMB Price Target News
26/11/2018 0.24 AmInvest Price Target News
26/11/2018 0.30 Affin Hwang Capital

All these IBs 。。。。。。

Stock prices could be manipulated so are earnings over a period of time, maybe over a full cycle of up and down.. Haha

Market already crashed within the 24 - 36 months, I think, so can buy after the crash.. Lol

Dayang reported 50% gross margin in the last QR... So fantastic... Is Petronas and other oil corporations so generous in dishing out contract m works with a fat gross margin of 50%? ..would it be sustainable? Jobs are scarce and the market place must be very competitive.. Or If you choose to believe that Dayang is simply a super efficient company.. hihi..

Dayang is a super company loh because if you check it out, Petra Energy only last quarter results gross margin is only about 16%...

Haha! Very lucrative lah! Excluding the write back of impairment loss, Dayang achieved a gross margin of 50%.

To close the Gaps kah? 2 Gaps woh.. 118 and 86? Any Sifu please help!! Mati kah... chase high dy.. :(

TP 118?

Looking for Sifu Advice!

Watch out a flying egg next week

https://klse.i3investor.com/m/priceTarget/49342.jsp

RHB INVESTMENT BANK RESEARCH MAINTAINED BUY CALL.
TARGET PRICE :2.70

FY19 will see another phase of expansion for Cocoaland. This is for the company's GUMMIES!
Capex committed as reported in this QR is about RM 12.8M, total projected is rm 56.1m. The Capex for the new Gummy line is RM42 M.

The revenue and profit will be elevated to another level. Could expect the share price will move in tandem. Stay invested.

Below are copy and paste from FY17 Annual Report.

"In addition to its expanding higher quality products
in particular to cater for the sales growth in gummies,
Cocoaland expects to commence a new gummy line
project towards the second half of 2018 located in
Rawang with expected capital expenditure projected
at RM42.0 million. Cocoaland is also working
towards to expand its gummy products in terms of
new flavours and healthier ingredients to cater for
demand in both local and overseas markets.
Cocoaland has projected a RM56.1 million capital
expenditure for FY2018 which is mainly for acquisition
of plant and machinery and factory equipment. The
aim is to upgrade and expand its facilities to further
increase production capacity as well as capability
in producing higher quality products to meet the
growing demand towards naturally healthy foods
and beverages. With the rising labour cost and
production overheads, Cocoaland is exploring new
ways to further enhance automation and workforce
development in its operational and manufacturing
processes to improve operational efficiencies. This
in turn helps to reduce the reliance of labour force.
Cocoaland is aiming for increasing cost-saving
measures and higher productivity in FY2018.
There will be about of US$10.0 million or RM39.0
million for use in the event of merger and acquisition
opportunities. The Group is targeting manufacturers
and distributors in Asian countries."

CHEERS!

Really SALUTE To Dayang for how did they achieve 50% gross margin in view of the following statement read from the Chairman Statement, Penergy Annual Report dated 13th April 2018.

"Although crude oil price has rebounded from
its lowest point following the crash in 2014,
the growth of the upstream segment involving
activities in exploration and drilling, remains
challenging. The full impact of oil majors cost
cutting initiatives (such as PETRONAS’ CORAL
2.0 and CACTUS) began to take effect in 2017
with contract and rates re-negotiations resulting
in reduced rates and depressed margins.

Competitive tenders and bids went through
several rounds of commercial negotiations. The
competition “for a piece of the smaller pie” was
further exacerbated with low barrier to entry into
the Hook up, Commissioning and Top-side Major
Maintenance (HUCTMM) segment. "

and check it out from Investing.com

:(

Google

"baltic dry index futures"

:(

Gross margin of Penergy in the last 4th Q is about 16%.

Gross Margin for Dayang in the last 4th Quarter, after net off reversal of impairment loss, is about 50%.

How did Dayang do it? WOW!

CCK, no doubt a good company with potential. Will buy if below 55..hihi..

Warned on the 20th. I noted distribution..

Wow
In May 2015, Navis Asia VII Management Co Ltd
offered to take over Cocoaland for RM378 Million or rm1. 65 per share. It was rejected by Cocoaland.

Then in June 2015, First Pacific Co Ltd (HK-listed) offered to take over for rm494 million or rm2.16 per shares. It later aborted the offer.

Now 2019, what would be the offer price if someone comes along to take over Cocoaland?

RM3. 20?
It is still too cheap, I think. LOL

Item 4, Other expenses

Loss on fair value changes of financial assets at fair value through profit or loss (15,605)
Impairment of held to maturity investments - (27)
(Loss)/Gain on exchange differences
- unrealised (6,900)

Investment portfolio (Financial Assets) has the biggest say for its profit.

Take profits is the best option.. Haha!
Syndicates also takut, withdrew 1.5million buy queue and sold to the remaining 2,3 hundred thousand follow buy queue..

Can check for yourself at the stock tracker..

Hahaha

This syndicate actually no class.. So easily caught red handed..

Yesterday at 64.5 and 64 today also at 64.5 and 64...

Take care..

Be careful! Syndicate distribution already... Yesterday and this morning, more than a million shares on buy queue suddenly withdrawn and then sold to the few hundred thousands buyers remain in the queue...

Really boring stock... Everyday no volume..FA is good though..

https://klse.i3investor.com/m/blog/PilosopoCapital/150357.jsp

WOW!
Very good article written by Choivo Capital.
DCF valuation for WCE Holdings Bhd.

Fair Value RM 2 +++

Thank you, Jon.

Guys, sorry, just pour some cold water...

I did make money from Naim.
Just to bring out the other side of the story, don't be discouraged and don't be carried away..
Many cheap counters to buy in Bursa..

Haha!
Good luck!

http://www.theedgemarkets.com/article/households-across-malaysia-face-different-realities-income-0

1000 naim holds 500 dayang shares now.

There are plenty of cheap land in Sarawak as the population is scarce with the land bigger than Peninsula. Landed property should be preferred choice than Condominium which naim chose to build in the past years. Why condo?

Demand for its property went down with the collapse of the oil price since end of 2014.

The population as of 2010 census :

https://www.sarawak.gov.my/web/home/article_view/240/175/

Still good demand for its property?

Hohup can't sell its condo in KK near the beach.

Just my thoughts..

Dayang is an associate company, not a subsidiary, of Naim. Its Financial Statement or the Balance Sheet is not consolidated with that of Naim.