DUTALAND BHD

KLSE (MYR): DUTALND (3948)

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Last Price

0.295

Today's Change

0.00 (0.00%)

Day's Change

0.295 - 0.295

Trading Volume

1,500


4 people like this.

7,431 comment(s). Last comment by ocbc 2 months ago

redpeople

270 posts

Posted by redpeople > 2015-05-22 19:57 | Report Abuse

Manusia memang susah lar.. Masa untung tak make compliment, masa rugi psycho orang.. Guys, buy and sell own risk kay.. Gaya sikit lah, aduhai...

albukhary

3,043 posts

Posted by albukhary > 2015-05-25 00:17 | Report Abuse

Lets pray together, hopefully it will climb up to 70sen in the next few days.

Posted by DarKLoRD888999 > 2015-05-26 16:54 | Report Abuse

Shit company

lam7894

76 posts

Posted by lam7894 > 2015-05-26 23:40 | Report Abuse

Good improvement for its financial position. Net cash per share is around Rm0.03.

albukhary

3,043 posts

Posted by albukhary > 2015-05-27 01:29 | Report Abuse

Fantastic Result!!!!

Posted by BURSAMASTER > 2015-05-27 07:10 | Report Abuse

Dutaland...Huge jump on profit to rm70m from a net loss position from corresponding qtr. But be wary of market direction as Dow dropped 190 points overnight

redpeople

270 posts

Posted by redpeople > 2015-05-27 09:34 | Report Abuse

darklord888999, please say thank you to me lar..

albukhary

3,043 posts

Posted by albukhary > 2015-05-27 10:42 | Report Abuse

Hahaha...

albukhary

3,043 posts

Posted by albukhary > 2015-05-27 13:07 | Report Abuse

THE BEST EVER RESULT FOR DUTALAND. RM70 Million Profit..
EPS 6.72sen...
Loan borrowing reduce by RM60 million.
Cash also increase from RM4 mil to RM30 million.

redpeople

270 posts

Posted by redpeople > 2015-05-27 17:29 | Report Abuse

haiz.. inilah manusia..

lloydlim

3,971 posts

Posted by lloydlim > 2015-05-27 17:55 | Report Abuse

Big guy is accumulating now!

MrNobody

790 posts

Posted by MrNobody > 2015-05-27 17:57 | Report Abuse

BIG GUYS?

dont make me laughdie la. i know them so well. they will accumulate?

pig also climb tree la.

so silly so naive.

hoteye

4 posts

Posted by hoteye > 2015-05-29 08:04 | Report Abuse

this dutalnd slowly show a turn from loss to profit,
can be expected.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2015-05-29 08:07 | Report Abuse

Pathetic.... this company earn Money or lose money, u even don't know.

luke

1 posts

Posted by luke > 2015-05-29 21:11 | Report Abuse

Potential to move further north?

albukhary

3,043 posts

Posted by albukhary > 2015-05-31 23:03 | Report Abuse

Potential to jump

sharizal78

323 posts

Posted by sharizal78 > 2015-06-01 13:24 | Report Abuse

this company profit or not last Q?, share price keep down after Q report relase..

Posted by DarKLoRD888999 > 2015-06-01 15:40 | Report Abuse

I already watch this stock for a month where is the up trend? Redpeople

JbHotSpot

193 posts

Posted by JbHotSpot > 2015-06-01 19:55 | Report Abuse

Be patient

angku

489 posts

Posted by angku > 2015-06-03 13:22 | Report Abuse

i am very patient already

Posted by DarKLoRD888999 > 2015-06-03 14:25 | Report Abuse

patient for?

sharizal78

323 posts

Posted by sharizal78 > 2015-06-03 17:15 | Report Abuse

index rebounce also not moving... fuhh

albukhary

3,043 posts

Posted by albukhary > 2015-06-04 14:34 | Report Abuse

Dutaland = Butaland
Kikikiki

davidkkw79

5,068 posts

Posted by davidkkw79 > 2015-06-11 14:41 | Report Abuse

Dutaland = Holland

limayseng

2,076 posts

Posted by limayseng > 2015-06-24 14:59 | Report Abuse

I hv yet to see this counter start paying div , not even 0.1 cent....? yes going to Holland liao loh...

TengkuFaisal

1,132 posts

Posted by TengkuFaisal > 2015-08-09 15:41 | Report Abuse

hyyatt hotel in progresss??? never heard of hyyatt hotel.

you mean adadis shoe and not adidas ?


btw. go check out yourself near KLCC convention already a Hyatt Hotel open for biz ..


sometime you have to differentiate a bull from a bullshit.

albukhary

3,043 posts

Posted by albukhary > 2015-08-10 02:41 | Report Abuse

Tengku Faisal, pls study before you comment people.
Don't always thought ppl are brainless.

TAH

797 posts

Posted by TAH > 2015-08-15 22:46 | Report Abuse

Stubborn share ,good not to touch unless got strong holding power

TAH

797 posts

Posted by TAH > 2015-08-18 18:09 | Report Abuse

In the bull market, tis counter is the last to move

TAH

797 posts

Posted by TAH > 2015-08-22 22:43 | Report Abuse

Monday Crash .

TAH

797 posts

Posted by TAH > 2015-08-23 16:37 | Report Abuse

Why buy so fast? Wait till most of the shares drop 80% to 90 %. Then consider what stocks to pick .Control your emotion.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2015-09-29 08:10 | Report Abuse

Dow jone is crashing now...the truth not six sense telling u all...better run

Posted by BrokerSahamRHB ol63ll27o7 > 2015-09-30 11:36 | Report Abuse

laii

cherry88

986 posts

Posted by cherry88 > 2015-10-01 15:10 | Report Abuse

Time to relook this counter. Accumulating stage. Will soon burst toward RM0.60

kkng0819kk

1,566 posts

Posted by kkng0819kk > 2015-10-16 15:32 | Report Abuse

Past glory days not far away!

Posted by birkincollector > 2015-10-19 19:50 | Report Abuse

good chance to go up based on chart

and just revalued their plantation land with surplus of 32mil

kkng0819kk

1,566 posts

Posted by kkng0819kk > 2015-11-17 18:36 | Report Abuse

Below .45 can buy?

chinaman

3,302 posts

Posted by chinaman > 2015-12-15 15:29 | 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 equitydiary > 2016-01-06 21:30 | Report Abuse

Duta Grand Hotel, revised application submitted today (6 Jan):
http://www.epbt.gov.my/osc/Borang_info.cfm?ID=372115&NoForm=Form2

King Musang

1,077 posts

Posted by King Musang > 2016-01-06 21:46 | Report Abuse

No wonder share is moving... Easily TP 0.60 before CNY...

calvintaneng

56,638 posts

Posted by calvintaneng > 2016-01-14 09:37 | Report Abuse

GO GO POWER RANGER!!!

kakashit

1,472 posts

Posted by kakashit > 2016-01-14 10:30 | Report Abuse

no no, its prop developement will go to Holland.

oil n gas expatriates are leaving klcc due to retrenchment.

The whole Klang Valley is flooded with hotels n motels, Harrods hotel no longer take part in the hotel besides Pavillion.

cherry88

986 posts

Posted by cherry88 > 2016-01-14 11:02 | Report Abuse

Prop dev will go "holland" in general but we must look at each property in specifc area. You can't claim all property counters are bad just becasue the industry is not promising. You are too short sighted in this area.

calvintaneng

56,638 posts

Posted by calvintaneng > 2016-01-14 11:13 | Report Abuse

In the Dutaland Annual Report Chairman Stated That Palm Oil Plays The Most Prominent Role for Now.

So Ongoing EL NINO Will Propel PALM OIL PRICES FOR DUTALAND PLANTATIONS!

Since DUTALAND Has Pared Down Borrowings to Reduce Gearing The Next Few Quarter Results Will Show Better Earnings.

The Favourable Wind of Fortune is Blowing for DUTALAND By Ongoing EL NINO

cherry88

986 posts

Posted by cherry88 > 2016-01-14 11:20 | Report Abuse

Calvin, you have pointed out the very key factor for its undervaluing that not easy to get in other counters - EL Nino; propery undervalue (you have calculate out the per sq feet data) and today golden finger - Lim Pei Tiam is on the board. The only factor that do not have in current trend is the forex advantage. Haha

calvintaneng

56,638 posts

Posted by calvintaneng > 2016-01-14 12:22 | Report Abuse

Yes Cherry88

Cherry88?

What a nice name?


I remembered Lim Pei Tiam well.

I bought Kheesan around 50 cents. I saw Lim Pei Tiam in Kheesan. Kheesan priced crossed 90 cents. Up 80 %

I also saw him buying SUPER ENTERPRIZE When I bought Super about Rm1.25.
Lim Pei Tiam bought Super all the way up to cross Rm2.00.
Then Super turned turbo mode and powered to Rm3.80 and taken private! Up 200%

Again when I recommended Pohuat (power huat) at Rm1.25 Lim Pei Tiam was there!
Pohuat did even better! Up 200% and still going strong.

This year Lim Pei Tiam has bought 4 Million DUTALAND Shares. He is now Top No. 17 Share Holder of DUTALAND

Let's see How Far This Jumbo Jet can Fly.

Posted by Khaw Seek Chuan > 2016-01-14 21:51 | Report Abuse

El Nino will cause weather to be more unpredictable and hotter in Malaysia, which is very unfavorable for plantation. Get the fact right.

marll

39 posts

Posted by marll > 2016-01-14 22:01 | Report Abuse

cpo price will up when production is lesser (due to el nino). so how will it reflect on plantation stock performance/price? think again

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