Posted by soso9999 > 2015-11-09 14:36 | Report Abuse

yeah

Posted by chinaman > 2015-11-10 18:04 | Report Abuse

both genting boss & Mulpha boss has substancial stake in olympia...NTA is myr0.34. personally feel olympia may be privatised by Duta Yap or merge with DutaLand one day-same boss

Posted by soso9999 > 2015-11-10 21:58 | Report Abuse

wow, insider new?

Posted by aa88 > 2015-11-12 10:13 | Report Abuse

dept 100 million plus how to privatised???

Posted by chinaman > 2015-11-12 10:16 | Report Abuse

Dutaland share market capital is over 5 times bigger to swallow Olympia easily

Posted by volks2 > 2015-11-16 16:09 | Report Abuse

today not bad....I think will close at 0.12

Posted by volks2 > 2015-11-16 16:13 | Report Abuse

0.125 now...salty fish turned alive.

Posted by mastermarcus > 2015-11-17 17:23 | Report Abuse

Someone is collecting silently....

Posted by seemal > 2015-11-18 17:47 | Report Abuse

collected.....

Posted by seemal > 2015-11-18 23:18 | Report Abuse

hahaha.....

Posted by aa88 > 2015-11-19 10:29 | Report Abuse

agree chinaman i bought 12c ....waiting kfc

Posted by aa88 > 2015-11-19 10:51 | Report Abuse

earn money this co?

Posted by mastermarcus > 2015-11-19 17:47 | Report Abuse

Tmr going it again.

Posted by soso9999 > 2015-11-19 18:28 | Report Abuse

today high touch 0.145 oh

Posted by DingDong > 2015-11-19 18:38 | Report Abuse

will see tmr..

Posted by mastermarcus > 2015-11-20 09:31 | Report Abuse

Jump in the boat of 0.135.. And got queue at 0.125 and 0.130...hehe..

Posted by soso9999 > 2015-11-20 20:17 | Report Abuse

i just hold

Posted by mastermarcus > 2015-11-26 16:39 | Report Abuse

Hold and keep calm.

Posted by mastermarcus > 2015-11-26 16:40 | Report Abuse

Hold and keep calm.

Posted by chinaman > 2015-12-15 15:30 | Report Abuse

EFFORTS to revive a stalled project located on a prized piece of land at the junction of Jalan Ampang and Jalan Sultan Ismail Kuala Lumpur — which was once earmarked for The Grand Duta Hyatt Hotel — appear to have been re-mobilised.

DutaLand Bhd’s subsidiary Duta Grand Hotels Sdn Bhd made a fresh application to Dewan Bandaraya Kuala Lumpur (DBKL) last month for approval to develop the site, documents sighted by digitaledge Weekly show. Moreover, there appears to have been some activity at the site where a partially built structure stands. Workers have been spotted and part of the safety netting that was visible earlier this year has been removed. This, observers say, is possibly to clean up and fix a new netting prior to construction.

Work on the 2.36-acre plot halted 17 years ago in July 1998 following the 1997/98 Asian financial crisis. It is understood that the initial approval may have been for a gross floor area of 1.89 million sq ft.

While it is widely known that the plan at the time was to build a 52-storey building comprising a hotel, retail lots, offices and serviced apartments, industry players opine that the developer may now consider building a taller structure, possibly even 60 storeys, given that the approving body is now granting higher plot ratios in the city centre.

Construction of the existing building is believed to have halted at the 29th floor. An earlier proposal stated that apart from the retail and office component, a 375-room luxury hotel and 182 serviced apartments were also on the cards.

The new application may be the group’s fourth attempt to restart the project, which is located opposite IGB Corp Bhd’s Renaissance Kuala Lumpur and next to Sunway Group’s Sunway Tower (previously Wisma Denmark). A report indicates that the project was to have recommenced in 2003 but it did not. Then in January 2010, the then KL mayor Datuk Ahmad Fuad Ismail said DBKL had in mid-2009 approved the development of the project but no work started.

In August 2012, Duta Grand Hotels once again submitted a plan for approval by DBKL. Still, nothing transpired.

It is unclear why DutaLand has chosen to restart the project now and whether it is tying up with a partner for the project. DutaLand would not reply to questions sent by digitaledge Weekly.

But in its FY2014 annual report, DutaLand indicated that “the board will look into ways to re-strategise the group’s businesses, including seeking joint-venture partners for its property development projects and/or changing the product mix to adapt to market demand”.

Despite talk of various offers for the site, the developer held on to the asset, which, as at June 30, 2014, had a net book value of RM330.94 million.

A search on the Companies Commission of Malaysia’s website reveals that DutaLand owns a majority stake of 78.39% in Duta Grand Hotels. The other shareholders are Barisan Nominees (Tempatan) Sdn Bhd (5.4%) and Duta Credit Sdn Bhd (16.21%).

As at June 30, 2014, Duta Grand Hotels had accumulated losses of RM82.37 million while total liabilities stood at RM110.85 million, of which RM77.73 million were current.

It is worth noting that Duta Grand Hotels, which was previously known as Kuala Lumpur Landmark Sdn Bhd and Duta Grand Hyatt Sdn Bhd prior to that, has satisfied all charges created between 1995 and 2005.

The history of this project goes back two decades. Hotelier The Hyatt Group had in 1994 awarded the contract to develop the then RM570 million Grand Hyatt Duta to Kuala Lumpur Landmark, which was a subsidiary of Olympia Industries Bhd. Mycom (which is today DutaLand), the holding company of Olympia, subsequently teamed up with Kuala Lumpur Landmark to develop a 52-storey building to house its headquarters and the hotel.

Following the 1997/98 economic downturn, Mycom and Olympia chalked up debts of RM1 billion and had to be restructured. The restructuring was completed several years later and Mycom was requoted as DutaLand in 2007. DutaLand and Olympia are now sister companies. DutaLand’s business today is oil palm plantations and property development and investment while Olympia’s core business is gaming and stockbroking, although it is also in property management and leisure.

For the nine months ended March 31, 2015, DutaLand posted a group revenue of RM33.72 million, down 25% from a year ago. The decline was attributed to a drop in contribution from the plantation division due to lower average fresh fruit bunch prices and production volume as well as a lack of development activity at its property division.

Net profit rose 9.1% to RM45.88 million because of a RM85 million legal settlement.

In FY2014, DutaLand recorded a net profit of RM75.1 million against a net loss of RM18.56 previously, mainly due to a gain from the disposal of Olympia Plaza Sdn Bhd and compulsory land acquisition by the Sabah government.

Tan Sri Yap Yong Seong, better known as Duta Yap, is the group managing director of both DutaLand and Olympia. He and his wife

Posted by soso9999 > 2015-12-15 21:23 | Report Abuse

hold and hold⊙﹏⊙

Posted by chinaman > 2015-12-16 17:52 | Report Abuse

Par value reduced by MYR0.90/ share to MYR0.10/ share only...new shareholder come in with right issue???

Posted by soso9999 > 2015-12-16 19:09 | Report Abuse

i dunno, when will rise up

Posted by Ya Razaq > 2015-12-23 09:57 | Report Abuse

other forum looking for 20 sen

Posted by Ya Razaq > 2015-12-23 11:00 | Report Abuse

one joker saying 30 sen CNY

Posted by Spike > 2015-12-23 11:05 | Report Abuse

time to fly 3018!

Posted by soso9999 > 2015-12-23 14:22 | Report Abuse

ei, why suddenly you all come out to comment , any news???

Posted by soso9999 > 2015-12-23 14:47 | Report Abuse

i alone here 2months already~sad

Posted by mastermarcus > 2015-12-23 19:28 | Report Abuse

Saya Sudah lama sini lo...

Posted by soso9999 > 2015-12-23 22:31 | Report Abuse

any news pls update ya, i holding

Posted by soso9999 > 2015-12-24 07:08 | Report Abuse

holiday liao

Posted by chinaman > 2015-12-29 12:59 | Report Abuse

YES..Too much undervalued...I've highest stake in my portfolio in Olympia...

Posted by chinaman > 2015-12-29 15:27 | Report Abuse

once Kenny heights re-activated together with dutaland, Olympia will rise as dragon again. mont kiara high end market is quite resilient from my understanding.

Posted by laotze > 2015-12-30 10:51 | Report Abuse

Belum lagi

Posted by laotze > 2015-12-30 11:33 | Report Abuse

kasim,20sen pasti sampai,cuma time push up kena tunggu sikit masa lagi.

Posted by soso9999 > 2015-12-30 11:42 | Report Abuse

not enough support~ 2 months alrd~

Posted by laotze > 2015-12-30 14:11 | Report Abuse

kasim
Gua mesti masuk olympia,cuma tunggu lebihkurang satu bulan lagi.
Olympia boleh turun sikit lagi.
Sahkan apa yang gua cakap

Posted by chinaman > 2015-12-30 16:17 | Report Abuse

why? any insider news can share?

Posted by laotze > 2015-12-30 16:20 | Report Abuse

Technical Analysis chart shown.

Posted by soso9999 > 2015-12-30 22:41 | Report Abuse

faster rise up olympia

Posted by aa88 > 2015-12-31 10:25 | Report Abuse

debt 400 million heavy duty need repair la

Posted by KopiPeng668 > 2016-01-01 19:03 | Report Abuse

嗯，嗯，嗯。

Posted by soso9999 > 2016-01-03 19:49 | Report Abuse

new year 2016

Posted by soso9999 > 2016-01-04 20:47 | Report Abuse

buy time

Posted by Tripaka > 2016-01-05 15:18 | Report Abuse

Mandi kerbau....

Posted by soso9999 > 2016-01-05 20:15 | Report Abuse

lim kok thay bought since year 2014 liao la

Posted by soso9999 > 2016-01-06 09:22 | Report Abuse

coming today ????? buy mode start? any news

Posted by Spike > 2016-01-06 09:27 | Report Abuse

Any good news?

Posted by chinaman > 2016-01-06 09:44 | Report Abuse

MULPHA boss also has big stake in Olympia. its crown jewel is Mont Kiara,KL-70 acre co-joint with dutaland & 4D in Sabah-lotto888

Posted by chinaman > 2016-01-06 09:49 | Report Abuse

its the cheapest listed stock in 4D game compared to Bjtoto, Magnum, Bjassets-cashsweep Sarawak...Mont Kiara Kenny Heights will be reactivated this year by Olympia ind