YNH PROPERTY BHD

KLSE (MYR): YNHPROP (3158)

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Last Price

0.55

Today's Change

-0.005 (0.90%)

Day's Change

0.535 - 0.555

Trading Volume

6,853,500


4 people like this.

1,049 comment(s). Last comment by Birdie 1 day ago

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

KHONG KAM HOU
75 years of age Malaysian, Male
Senior Independent Non-Executive Director
Chairman, Audit Committee
Member, Nomination Committee
Member, Remuneration Committee
Mr. Khong Kam Hou was appointed to the Board of the Company as a Senior Independent Non-Executive Director
on 31 March 2023. On the same day, he was also appointed as a member of the respective Board Committees. He
was later redesignated as Chairman of the Audit Committee on 1 March 2024.
He graduated from the University of Malaya with a Bachelor's degree in Economics in 1974 and joined the
Department of Inland Revenue, Ministry of Finance, as a tax cadet officer in early 1975. Over the course of his
career from 1975 to 1991, he served in several key units within the Inland Revenue Department, including tax
assessment, corporate tax, and tax investigation. In 1992, he left his role as a senior tax officer and practiced as a
licensed tax consultant from 1992 until 2019.
He has no other directorship in public companies and listed issuers. He has no family relationship with any director
and/or major shareholder of the Company.
He has not been convicted of any offences within the past five (5) years other than traffic offences, if any, and has
not been imposed any public sanction or penalty by the relevant regulatory bodies during the financial year ended
30 June 2024.
He has no conflict of interest or potential conflict of interest with the Company or its subsidiaries.

CHING LEE FONG
46 years of age Malaysian, Male
Independent Non-Executive Director
Member, Audit Committee
Chairman, Nomination Committee
Chairman, Remuneration Committee
Mr. Ching Lee Fong was appointed to the Board of the Company as a Independent Non-Executive Director on 31
March 2023. On the same day, he was also appointed as a member of the respective Board Committees. He was
later redesignated as Chairman of the Nomination Committee and Remuneration Committee on 1 March 2024.
He graduated with a Bachelor of Engineering (Electrical & Electronics) from University Technologi Malaysia. He is
currently serving as a Senior Engineer at Intel Microelectronics Sdn Bhd and brings over 23 years of experience in
the electrical and electronics engineering industry.
He has no other directorship in public companies and listed issuers. He has no family relationship with any director
and/or major shareholder of the Company.
He has not been convicted of any offences within the past five (5) years other than traffic offences, if any, and has
not been imposed any public sanction or penalty by the relevant regulatory bodies during the financial year ended
30 June 2024.
He has no conflict of interest or potential conflict of interest with the Company or its subsidiaries.

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

LEE ZHI YAN
30 years of age
Malaysian, Female
Independent Non-Executive Director
Member, Audit Committee
Member, Nomination Committee
Member, Remuneration Committee
Ms. Lee Zhi Yan was appointed to the Board of the Company as Independent Non-Executive Director on 1 March
2024. On the same day, she was also appointed as a member of the respective Board Committees.
Ms. Lee Zhi Yan graduated with a Bachelor of Commerce from Monash University, Australia. She also holds several
professional qualifications, including membership in the Malaysian Institute of Accountants (MIA), the Malaysian
Institute of Certified Public Accountants (MICPA), and Chartered Accountants Australia and New Zealand (CAANZ).
She began her career as an Accounts Officer at 7-Eleven Australia and later managed vendor details and payments
at Kalari HSE Australia. In 2018, she joined PricewaterhouseCoopers PLT as an Assurance Senior Associate,
contributing to audits, risk assessments, and mentoring junior staff.
In 2021, she became Assistant Planning & Reporting Manager at Dutch Lady Milk Industries Berhad, focusing on
financial planning and process improvements. Currently, as General & Sales Accounting Manager at Goodyear
Malaysia Berhad, she oversees financial reporting, compliance, and accounting activities, while serving as a key
business partner.
She has no other directorship in public companies and listed issuers. She has no family relationship with any
director and/or major shareholder of the Company.
She has not been convicted of any offences within the past five (5) years other than traffic offences, if any, and has
not been imposed any public sanction or penalty by the relevant regulatory bodies during the financial year ended
30 June 2024.
She has no conflict of interest or potential conflict of interest with the Company or its subsidiaries.

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Corporate Development
The Board is pleased to inform that the conditions precedent of the Sales and Purchase Agreement for 163 Retail
Park have been fully met, making the agreement unconditional as of 23rd September 2024. This milestone not
only affirms the value and appeal of our development but also demonstrates the market's recognition of its prime
location and quality. The successful completion of this agreement reinforces our position as a developer of highvalue properties and strengthens the company's financial outlook.

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

For the financial year ended 30 June 2024, YNH Property Bhd (“YNHP” or “the Company”) delivered solid results,
with revenue predominantly driven by the sale of Solasta Dutamas, our flagship project located in Kuala Lumpur.
Meanwhile, in the state of Perak, the Manjung Commercial Shoplots and Manjung Point Township have been the
primary contributors to the Group’s performance, demonstrating the strength of our diversified portfolio.
Located in Dutamas, Kuala Lumpur, Solasta Dutamas has a GDV of approximately RM720 million, and is expected
to contribute positively to the Group’s earnings for the next 2 years. As at 30th September 2024, the construction
of Solasta Dutamas is progressing smoothly, with the first tower already topped out, while the remaining two
towers are at the super-structure stage of construction. The project has been well-received by prospective buyers,
with over 70% of the total units sold. The strategic location and premium offerings of this project provide a strong
outlook for sustained revenue generation.
In Perak, our ongoing township development of approximately 700 acres in Seri Manjung is a long-term growth
engine for YNHP. The Manjung Point Township residential units and Manjung Commercial Shoplots continue to
deliver consistent revenue streams. With a forecasted development horizon of 20 to 30 years, this project positions
the Group well for sustained future profitability.
The value of our Seri Manjung township has been further enhanced by the presence of key facilities such as AEON
Seri Manjung and Pantai Hospital Seri Manjung. These facilities not only improve the quality of life for residents but
also increase the attractiveness and long-term value of our developments in this area.
Looking ahead, the Group is preparing to launch several high-potential projects, including Residensi Bangsar
South, located adjacent to KTM Angkasapuri, Residensi Bangsar South has an estimated GDV of RM470 million,
and is expected to launch in 2025 subject to final authority approvals.
Another prestigious future project by YNHP is the development of Menara YNH. The commercial development
spans around 3 acres along Jalan Sultan Ismail, positioned within the bustling Golden Triangle of Kuala Lumpur
City Centre. The location of Menara YNH offers easy accessibility and close proximity to public transport facilities.
This development has an internal targeted GDV of approximately RM4 billion.
The Menara YNH mixed development will comprise the mix of hotel, service apartments and shopping mall.
Contribution from this project which includes rental income is expected to contribute positively to the Group’s
future earnings.
Last but not least, 163 Retail Park SPA is unconditional as of 23rd September 2024. This provides certainty of the
final payment of Balance Purchase Price due by 22nd December 2024. Approximately RM161 million of the sales
proceeds will be strategically allocated to reduce the company's borrowings, significantly improving our gearing
ratio and generating substantial savings in interest expenses.
The Group remains focused on creating long-term value for our shareholders by pursuing strategic growth
opportunities, optimizing our project portfolio, and maintaining prudent financial management. With a strong
project pipeline, continued demand for quality properties, and supportive market conditions, we are confident that
YNHP is well-positioned for sustainable growth in the coming years.

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Last Price
0.435
Avg Target Price
1.85
Upside/Downside
+1.415 (325.29%)

https://klse.i3investor.com/web/stock/analysis-price-target/3158

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Takda fraud jika Ada directors dah masuk jail macam najib 😂

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Privatize it cheaply, relist without the rm1bil jv projects😎

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Or use a Sdn Bhd to acquire the jv projects at rm1bil or less

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Taking out the controversial rm1bil jv projects would make ynh to fly. Wait n see

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Jika Yu brothers buat accounting fraud macam Enron, dah masuk penjara macam najib dah 😅

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

I think pecat independent directors & CFO solusi jugak

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

As of November 5, 2024, YNH Property Bhd has not publicly disclosed the identity of its Chief Financial Officer (CFO). The company’s leadership includes Chairman and Executive Director Datuk Dr. Yu Kuan Chon and Chief Executive Officer Kuan Yu.  Additionally, the Audit Committee is chaired by Senior Independent Non-Executive Director Khong Kam Hou. 

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Removing and preventing accounting fraud is crucial to maintaining integrity, transparency, and trust within an organization. Here are some steps that can help address and prevent accounting fraud:

1. Establish Strong Internal Controls

• Segregation of Duties: Divide financial responsibilities so no single person handles all aspects of a transaction.
• Authorization and Approval Systems: Ensure all financial transactions are authorized by appropriate personnel.
• Access Control: Restrict access to financial systems to only those who need it.
• Regular Audits: Conduct regular internal and external audits to detect irregularities and ensure compliance.

2. Implement Ethical Standards and Compliance Programs

• Code of Conduct: Develop a clear code of ethics and ensure all employees are familiar with it.
• Training Programs: Provide training on ethical standards, anti-fraud policies, and the consequences of fraud.
• Compliance Monitoring: Continuously monitor adherence to regulations and internal policies.

3. Use Data Analytics and Forensic Accounting

• Data Monitoring Tools: Employ software to analyze transactions and flag unusual patterns or outliers.
• Forensic Accounting: Consider having forensic accountants review the financials if fraud is suspected.

4. Foster a Culture of Transparency and Accountability

• Whistleblower Programs: Implement a system for employees to report suspicious activities anonymously.
• Open Communication: Encourage open communication between departments and maintain a transparent environment.

5. Strengthen Financial Oversight

• Audit Committee Oversight: Ensure that an independent audit committee oversees the company’s financial reporting.
• Regular Financial Reviews: Conduct regular reviews of financial statements, with cross-verification by multiple team members.
• Detailed Reconciliation: Perform regular reconciliation of bank statements, accounts, and balance sheets.

6. Regularly Update Anti-Fraud Measures

• Stay Updated on Fraud Schemes: Fraudsters constantly develop new methods, so staying informed on the latest fraud tactics is crucial.
• Review Policies and Procedures: Regularly update financial policies to adapt to new risks and regulatory requirements.

7. Engage with External Auditors

• Independent Audits: Engage reputable third-party auditors to review financial statements independently.
• Periodic Audits: Carry out periodic, unannounced audits to deter fraudulent behavior.

Taking these actions helps to establish a strong foundation against accounting fraud and promotes an ethical organizational culture.

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Take private & relist excluding the jv rm1bil habis cerita

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Yu brothers Tak macam najib Ka? Tak masuk jel lagi 😀

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Bro Yu Ada curi wang syarikat Ka? Bukan kes najib kan?😅

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

CFO takda junior ac staff buat salah kot ? Ikut arahan Yu Ka? Takda finance director mahupun CFO bukan?😂

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Tak Tau buat proper accounting entries untuk jv rm1bil Ka?😅accountant takda atau bro Yu paksa ac staf sengaja buat salah? Macc dimana?

Good123

27,197 posts

Posted by Good123 > 1 month ago | Report Abuse

Tak pasti sama Ada bro Yu Akan berada di sg buloh bersama bro najib 👀🫵🏻

Michael Kwok

6,480 posts

Posted by Michael Kwok > 1 month ago | Report Abuse

Ynh 46 cents
Possible will up above 50 cents range.but sell on strength.
Let see how it move after above 50 cents.
17/11/24 7pm

Posted by cokodokpisang > 1 month ago | Report Abuse

Sudah 53 cents. Take profit liao.. leave some at 60 sen, to feed the greed.

Posted by cokodokpisang > 3 weeks ago | Report Abuse

Greed satisfied and cleared. Unless it drops back to 0.4x .. hold my horses first

turbochart

598 posts

Posted by turbochart > 3 weeks ago | Report Abuse

Sold @ 0.55. small gain 300😁

Birdie

82 posts

Posted by Birdie > 3 weeks ago | Report Abuse

The bird is flying.

mf

29,385 posts

Posted by mf > 3 weeks ago | Report Abuse

target 0.680

Zachzach

1,266 posts

Posted by Zachzach > 3 weeks ago | Report Abuse

sure or not 0.68?

ZenSen

73 posts

Posted by ZenSen > 3 weeks ago | Report Abuse

Got good news ka?

Ghazaar

333 posts

Posted by Ghazaar > 2 weeks ago | Report Abuse

This YNH quietly shooting up 😯

Posted by cokodokpisang > 2 weeks ago | Report Abuse

Walao.. don't know the basis of it's growth. Financial numbers not great. Got something coming up in their AGM kah? Or the sale of AEON confirm kah? Walao missed out big 30% gain payout. Only got to makan 18%..fingers itchy to buy.. but I know when I buy sure drop.. hahaha

Posted by unknown1234 > 2 weeks ago | Report Abuse

cokodok.. so you bought? why drop so much

yongyong88

572 posts

Posted by yongyong88 > 2 weeks ago | Report Abuse

Peak reached,.... profit-taking,.... Selling has begun... if u r still holding, good luck!

khpwwl

3,482 posts

Posted by khpwwl > 2 weeks ago | Report Abuse

Rsi high will drop, my friend is not listening, now kena

Posted by cokodokpisang > 2 weeks ago | Report Abuse

Walao wei..lucky never buy....had last minute kerja to settle last night..got up late morning.. by the time I cuci mata and backside, price drop liao. Wah piang ah..
Normally I won't praise my boss... but coz him I didn't loose more duit. Anyway YTL n Penta kept me happy today.. tomorrow i think jual liao

turbochart

598 posts

Posted by turbochart > 2 weeks ago | Report Abuse

0.705

mf

29,385 posts

Posted by mf > 2 weeks ago | Report Abuse

run

khpwwl

3,482 posts

Posted by khpwwl > 2 weeks ago | Report Abuse

cuci deep deep

mf

29,385 posts

Posted by mf > 2 weeks ago | Report Abuse

sell

khpwwl

3,482 posts

Posted by khpwwl > 2 weeks ago | Report Abuse

Possible drop to 0.55

turbochart

598 posts

Posted by turbochart > 2 weeks ago | Report Abuse

0.575-13😘

turbochart

598 posts

Posted by turbochart > 2 weeks ago | Report Abuse

Q to buy back @ 0.5🤣

Posted by HKHedgeFund > 2 weeks ago | Report Abuse

will rebound

turbochart

598 posts

Posted by turbochart > 1 week ago | Report Abuse

0.52

hoowk77

440 posts

Posted by hoowk77 > 1 week ago | Report Abuse

run fast fast

Noni

756 posts

Posted by Noni > 1 week ago | Report Abuse

Dr Doom catch you!

Ghazaar

333 posts

Posted by Ghazaar > 1 week ago | Report Abuse

Let him catch 😆 Or I will catch him when the price is less than 50 sen

turbochart

598 posts

Posted by turbochart > 1 week ago | Report Abuse

0.55 sold. Small gain 300😁

Ghazaar

333 posts

Posted by Ghazaar > 1 week ago | Report Abuse

Nice, strong momentum continues 🚀🚀

Michael Kwok

6,480 posts

Posted by Michael Kwok > 2 days ago | Report Abuse

Ynh 55-56 cents
Resistance 60 cents
Support 48 cents
Mantaining support majority more then a bullish
Tp 75-85 cents.
19/12/24 3.20pm

Birdie

82 posts

Posted by Birdie > 1 day ago | Report Abuse

What a mess!!!!!!!!!!

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