worst ever lost about rm60m...tomorrow down to 10cent ??..no wonder no body want to take the rest of PP...the one that taken PP earlier probably need to take a lot of panadol....
There is some play on this quiet stock. Holding plenty of stock at a big premium. To break even would be my lucky day. Understood that the private placement flogged. rising for the past 2-3 days with some volume. Is something brewing quietly??
Buy hohup nta 66sen retained earnings rm150-200mil. Can pay dividend, target for takeover at current cheap price.. contruction sektor to recover ... hohup will boom again buy
In an effort to expand and grow its construction operation, Ho Hup acquired a new subsidiary, Nippon Awanatech Sdn Bhd. This move aligns with their strategy to enhance their footprint in the construction industry.
Ho Hup Construction Company Berhad, co-founded in 1960, has been a significant player in Malaysia's construction industry. They have a comprehensive range of capabilities in building, civil engineering, specialized intelligent building, trading, and related services.
Some of their notable projects include: - **Petronas Twin Towers** - **National Sports Complex** - **Kuala Lumpur International Airport (KLIA)** - **Light Rail Transit System (LRT)** - **Malaysia – Singapore second crossing** - **Major highways**
They have also completed numerous projects in the private and government sectors for high-rise intelligent buildings, stadiums, airports, highways & bridges, railways & light rapid transit, offshore marine works, oil & gas works, commercial building development, deep foundation works, and more.
For a detailed list of their projects, you can visit their official website or the "Our Projects" page which highlights the work executed at the projects that have contributed to shaping their history.
On 14 November 2023, the Company had fixed the issue price of the first tranche of the Placement Shares at RM0.235 per Placement Share to be issued pursuant to the Private Placement, representing a discount of approximately RM0.0243 or approximately 9.37% to the 5-day volume weighted average market price of Ho Hup Shares from 6 November 2023 to 10 November 2023 of RM0.2593. On 28 November 2023, the 23,400,000 new Shares @ RM0.2350 has been listed
LIST OF THIRTY LARGEST ORDINARY SHAREHOLDERS according to the Record of Depositors as at 31 March 2023 No. of Name Shares Held % 1. AmSec Nominees (Tempatan) Sdn Bhd 56,576,900 11.43 Pledged Securities Account for Ambank (M) Berhad for Omesti Holdings Berhad (SMART) 2. RHB Nominees (Tempatan) Sdn Bhd 54,079,258 10.93 Pledged Securities Account for Low Chee Group Sdn Bhd 3. Gryphon Asset Management Sdn Bhd 52,645,250 10.64 4. Lee Fook Yuen 21,020,900 4.25 5. Affin Hwang Nominees (Asing) Sdn Bhd 18,744,800 3.79 Pledged Securities Account for Mettiz Capital Limited 6. Cartaban Nominees (Tempatan) Sdn Bhd 17,000,000 3.44 Pledged Securities Account for Kenanga Islamic Absolute Return Fund 7. M&A Nominee (Asing) Sdn Bhd 15,060,000 3.04 Montego Assets Limited 8. Low Chee Group Sdn Bhd 11,033,774 2.23 9. Kenanga Nominees (Tempatan) Sdn Bhd 9,000,000 1.82 Pledged Securities Account for Mary Anne Woon Lai Kheng 10. M&A Nominee (Tempatan) Sdn Bhd 8,850,000 1.79 Pledged Securities Account for Chan Chee Hong (M&A) 11. Low Tuck Choy 6,817,500 1.38 12. RHB Nominees (Tempatan) Sdn Bhd 5,679,000 1.15 Pledged Securities Account for Low Tuck Choy 13. Chan Kong Yew 5,527,000 1.12 14. M & A Nominee (Asing) Sdn Bhd 5,000,000 1.01 For Winfields Development Pte. Ltd. 15. Kwan Siew Deeg 4,642,600 0.94 16. Toh Chai Hoon 4,642,000 0.94 17. Phillip Nominees (Tempatan) Sdn Bhd 4,271,900 0.86 Pledged Securities Account For Tan Siew Booy 18. Hooi Yoke Lin 4,000,000 0.81 19. Inter-Pacific Equity Nominees (Tempatan) Sdn Bhd 3,989,300 0.81 Pledged Securities Account for Kok Tiu Wan 20. Yap Siew Bee 3,800,000 0.77 21. Maybank Nominees (Tempatan) Sdn Bhd 3,525,554 0.71 Maybank Private Wealth Management for Mohamed Nizam Bin Abdul Razak 22. Maybank Nominees (Tempatan) Sdn Bhd 2,831,500 0.57 Pledged Securities Account for Monteiro Gerard Clair 23. Lim Chau Liang 2,451,700 0.50 24. RHB Capital Nominees (Tempatan) Sdn Bhd 2,411,300 0.49 Pledged Securities Account for Low Choon Chong 25. Young Lee Lee 2,260,000 0.46 26. AmSec Nominees (Tempatan) Sdn Bhd 2,203,000 0.45 Pledged Securities for Yap Siew Bee (MX3809) 27. AmSec Nominees (Tempatan) Sdn Bhd 2,053,000 0.41 Pledged Securities Account for Ahamad Aminnurdin Bin Dinyati 28. Tiong Nam Logistics Holdings Berhad 2,000,000 0.40 29. AmSec Nominees (Tempatan) Sdn Bhd 1,854,600 0.37 Pledged Securities for Mok E. King 30. Lim Lai An 1,650,000 0.33
Construction is a prime area in which Ho Hup Construction Company Berhad (“HOHUP”) has vast experience in. Through its wholly-owned subsidiaries HOHUP’s specialty in the construction sector includes an array from infrastructure, building construction, engineering, earthworks, highway and road works, railway, bridges, dams, steel pipelines, reservoirs, water treatment plants, sports complexes, drainage works, foundation and engineering, building works, quarry operations, manufacturing and oil & gas works.
The company forayed into this sector with as much fervour as it did with its other divisions. Hence, it is inherent that the extensive list of successfully completed projects is nothing short of remarkable.
From the construction of buildings, highways, roads, dams, and many other projects, the company’s professional work ethic and constant close monitoring, by the on-site and off-site management team, to keep track of the work-in-progress ensures the successful completion of each and every project it undertakes.
Amalgamate all these with HOHUP’s standards upkeep on quality and wide knowledge in this field places the company above and gives it an edge over many other construction companies.
HOHUP was certified ISO 9001 : 2000 (Provision of Construction Management and Services for Building and Civil Engineering Works).
HOHUP’s current business model for the construction division is to focus on project management and provision of technical expertise. HOHUP’s new management team has adopted a conservative approach for undertaking projects with well-defined and well managed risks, supported by strong internal controls and transparent processes. This includes overseeing projects, considering and assessing the risks for all projects on a case-to case basis.
In sourcing for new projects, HOHUP secured two ECRL railway project for Section 6 for a total of RM102 million in June 2020. The projects are part of its mission to expand its Infrastructure division and increase its ability to tender for new projects.
ru-Mix Concrete Sdn Bhd Tru-mix Concrete Sdn Bhd (“TRU-MIX”) was incorporated in Malaysia under the Companies Act, 1965 on 25th November 1991 and it is principally involved in the manufacture and supply of ready-mixed concrete. Since its commencement of operation, TRU-MIX has grown steadily in tandem with the economy of Malaysia. TRU-MIX, a subsidiary of Ho Hup Construction Company Berhad, is led by a General Manager who has more than 20 years of experience in the ready mixed concrete industry. TRU-MIX is proud of its achievement being the supplier for many of the iconic buildings and infrastructure works in the country namely the SMART tunnel, the Bukit Jalil National Stadium, Satellite Building in KLIA, Tetrapods at Kerteh, North-South Expressway Central link, Shapadu Highway, Duke Highway, Condominium Games Village and various condominium projects in established neighbourhoods of Desa Park City, Mont Kiara, Wangsa Maju, Kepong and Bukit Jalil located in the Klang Valley. TRU-MIX is a certified MS ISO 9001:2015 company and it strongly adheres to its quality policy that aims to achieve superior service consistently. This is achieved through: - I) a total commitment for continuous improvement in our business process; II) a clear communication channel for effective understanding of direction and vision of company; III) inculcating a caring attitude to ensure a high level of professionalism; and IV) producing ready-mixed concrete conforming to MS 523 or other relevant specifications laid down by the customer. As at end of 2021, TRU-MIX is operating 3 batching plants in Meru (Klang), Kg.Subang (Subang), Pulau Meranti (Puchong). The operations of these Three (3) batching plants are supported by a fleet of 32-owned mixer trucks. Correspondingly, the fleet of trucks shall be increased and rejuvenated with new and bigger capacity trucks to attain high productivity so as to compete on a level platform with the major players in the industry. With the buoyant economy anticipated from the many infrastructure and iconic projects launched by the Government in the Klang Valley area; the construction industry is expected to be back to its robust conditions. TRU-MIX, as an established ready mixed supplier in the industry, is expected to benefit from this construction boom and also from its own development project launched by the Group. The division is expected to contribute positively to the Group’s bottom line.
Ho Hup ICM-Quarry Sdn Bhd Ho Hup Construction Company Berhad, via its 70% subsidiary company, Ho Hup Venture (Malacca) Sdn Bhd, had on 30 December 2015, completed the acquisition of a quarry business in Taboh Naning, Alor Gajah, Melaka with the view of catering to the demand for quarry products from the infrastructure development and construction activities in Melaka, sourthern Negeri Sembilan and northen Johor. Ho Hup Quarries (Malacca) Sdn Bhd (formerly known as Erakuasa Global Sdn Bhd) (“HHQM”) holds a 75% interest in Ho Hup-ICM Quarry Sdn Bhd (formerly known as ACVICM Quarry Sdn Bhd) (“HHICM”), an incorporated joint venture company (“JV Co”) with a Malacca State Government link company, ICM Industries Corporation Bhd (“ICM”), which holds the balance of 25% equity. The Quarry Land is strategically situated about 5km from the North-South Highway by exiting from the Alor Gajah / Tampin interchange and is within a 15km – 20km radius of Malacca City locality.
Ho Hup Construction Company Berhad (“HOHUP”) rapid rise in the property development sector through its subsidiary company, Bukit Jalil Development Sdn Bhd (“BJD”) is notable. The company, a CIDB licensed developer made its presence known and felt since April 1994 and continuously delivered quality homes to Malaysians.
Henceforth, HOHUP has spearheaded into this industry with much gusto, gaining as much experience as possible whilst making great strides in becoming a major player.
BJD is a special purpose vehicle established to provide impetus to develop entire BANDAR BUKIT JALIL. The company’s core business activity of property development is well supported by its construction and infrastructure parent company, Ho Hup to deliver product and service of the highest quality standard to its customers.
BJD owns 153 acres of freehold prime land which is located near the National Sport Complex with easy access to the Kuala Lumpur City Centre.
The 60-acre commercial prime land owned by BJD covers a land area of 243,000-square metre (or 60.05-acres), held under the Master Title Geran No. 42277, Lot No. 36101. The 60-Acre Land, (known as Lot 36101, PT4774, Mukim of Petaling, District of Kuala Lumpur, Wilayah Persekutuan) located within the Bandar Bukit Jalil, is a near oval shaped parcel of freehold commercial land.
HOHUP’s current business model for property development division is to focus on projects on joint venture arrangements and financing on project basis.
Development of the 60-Acres Land which comprises of the joint development with Pioneer Haven and BJD’s own development provides a firm and sustainable basis to turn around the Group’s financial position. Parcel A is the first phase of the project out of the 10 acres to be developed by BJD which consist of 64 units of shop offices and a 15-storey SOVO which were soft launched in September 2012 and September 2013.
HOHUP is focused on launching of its Laman Iskandaria Township project located towards the South of Malaysia which had gained overwhelming reception.
Similarly, to the construction division, HOHUP is currently adopting a conservative approach for undertaking projects with well-defined and well managed risks. The Group’s emphasis is on the selection of reliable joint venture partners to partner with.
Exquisitely crafted with indelible class. A prestigious development with leading modern design and contemporary architecture. Strategically located in the Southern Gateway of Kuala Lumpur, Bukit Jalil City with excellent connectivity via major highway networks and public amenities such as Pavilion Bukit Jalil Megamall, Bukit Jalil Park, and National Sport Centre will be the epicentre of new vibrant Suburban Township.
A 429-acre development, Laman Iskandaria is a master planned community comprising of landed residences and commercial shoplots. The contemporary and innovative design feature incorporating natural surrounding amidst the hustle and bustle of the city.
First phase launch of the 99.83 acres of Laman Iskandaria, Nadira Residensi, 2 storey terrace house, targeted at the affordable housing segment to meet the growing demand for this housing in the vicinity and The SouQ, 2 storey shoplots will be the commercial units to cater the residents. This promising development brings you an ultimate experience in serenity, joy and harmonious lifestyle with plentiful opportunities for all.
Standing tall next to the best neighbours, The Crown is on the last parcel of land in the most desirable part of Kota Kinabalu, with a host of amenities like entertainment outlets, shops and hospitals. Its finest neighbour is the Crowne Plaza Hotel-a five-star hotel with a sterling reputation throughout the world and a welcome addition to the Kota Kinabalu hospitality scene.
HOHUPGROUP – A name that is no stranger to the industry, Ho Hup Construction Company Berhad, a pioneer in Malaysia’s construction and development industry, is a force to be reckoned with. Carrying 50 years of proven experience and track record, the Group’s portfolio includes several monumental pride of the country, namely the Petronas Twin Towers, the Bukit Jalil International Sports Complex, Kuala Lumpur International Airport (KLIA), the Light Rail Transport (LRT), the Malaysia-Singapore Second Link crossing, the Kerteh Petronas gas pipeline; and major expressways including the North-South Highway and the KL-Kuantan Highway, among many others.
The Group’s property development arm Bukit Jalil Development Sdn Bhd, stands strong with its signature success such as Jalil Sutera – a gated and guarded community of 2-storey Superlink and Semi-Detached homes. Other notable developments include the Jalil Damai Apartments and The Ritz Shop-Offices, Aurora Sovo, Aurora Place & Ho Hup Tower – all located in the fast growing Bukit Jalil City Centre, south of Kuala Lumpur City Centre.
As a pioneer and innovative developer, Ho Hup continues to plan and roll out projects to deliver better, high value-added residential and commercial developments for future generations.
PROJECT MANAGER
TRIBECA – TRIBECA Real Estate Asset Management Sdn Bhd (TRIBECA) is an innovativereal estate development and advisory firm based in Malaysia. Their strategies are founded upon years of experience and sound business acumen with the aim of creating lasting value in real estate investments for their partners, investors and clients. At the same time, their enduring collaborations with the world’s leading names in architecture, interior design, landscaping, civil engineering and construction ensure that all their projects exhibit the highest quality.
TRIBECA is more than just a property developer, it is also a marque that adds value to any property asset. They strongly believe that great property development goes beyond its investment value. As a result, they do their best to make a difference to people’s lives and the environment in all of our business endeavours. Their full-spectrum services include negotiating for curated property transactions, delivering property development services, advising on capital structures, procuring financing, managing assets and creating new enterprises.
TRIBECA can be likened to a rainmaker that creates asset value appreciation in the real estate business and new enterprises, by blending intelligent collaborations with sound investments. Their aim is to help fellow investors create, manage and market sustainable projects, while looking forward to continuously blazing trails in the real estate industry in Malaysia.
Friday, 22 Mar 2024 5:16PM HOHUP LEE FOOK YUEN (1,715,100 units Acquired) Thursday, 21 Mar 2024 5:53PM HOHUP Appointment of CHEE HONG LEONG As Chief Exec Officer
5169 HOHUP HO HUP CONSTRUCTION COMPANY Detailed Status Active. Member of Indices Construction Listed On Main Market $$ Sector Construction $$ Sub-Sector: Construction Share Issued 518.260m Market Cap 98.469m Entitlement-Syariah Yes
The Malaysian construction sector ended 2023 on a high, with total construction work value reaching RM132 billion ringgit, the highest in 4 years. Can this momentum be sustained in 2024? We discuss the outlook for the sector with Chong Tjen-san of CGS International Securities.
Large-scale infrastructure projects can further spur Malaysia's economic development
savemalaysia Publish date: Wed, 27 Mar 2024, 08:55 AM KUALA LUMPUR: Malaysia should focus on initiating large-scale infrastructure projects, which are crucial for the country's economic development as they generate spillover effects and employment opportunities.
This, in turn, would not only enhance productivity but also ensure that Malaysia maintained its global competitiveness, said KGV International Property Consultants executive director Samuel Tan.
He said notwithstanding the underwhelming performance in the fourth quarter of last year, there would be an upside lift for the economy this year, driven by Light Rail Transit, Mass Rapid Transit and Pan Borneo Sabah highway projects.
A spokesperson with a foreign fund management company, who spoke on condition of anonymity, said he anticipated a promising outlook for the construction sector, supported by ongoing government projects.
He said the landscape was bolstered by private-sector construction ventures, buoyed by substantial investments in new semiconductor foundries and data centres.
"Last year, the overall performance of the construction industry was below expectations, with most players recording low earnings.
"The industry remains plagued by rising construction costs, declining order books and a fierce competitive environment.
"However, we believe that industry revenue will show better performance in the coming quarters."
One of the significant infrastructure undertakings in Malaysia is the Pan Borneo Sabah highway.
Big contractors, particularly those with a proven track record in Sabah and robust financial standings, are expected to take the lead in bidding for the remaining contracts as the project's funding mechanism becomes clearer.
According to CIMB Securities, the tender activities for Phase 1B of Pan Borneo Sabah are gaining traction, evidenced by the recent awarding of multiple new contracts.
The research firm said Phase 1B of the highway, valued at RM15.7 billion, encompassed 20 work packages, each averaging about RM785 million.
"Four packages were awarded on March 22 and physical work is set to commence on April 1.
"For the remaining 16 packages, the tender process is expected to conclude by the end of this month, with physical work scheduled to begin in May. So far, a total of 300 companies have participated in the Phase 1B tender and we believe that it would take a few months to shortlist the candidates," it said.
However, CIMB Securities cautioned that the project's margins might face pressure due to stiff competition.
Despite this, cost-competitive contractors still have the opportunity to secure multiple contracts when the tenders conclude.
CIMB Securities noted a distinct lack of public-listed construction companies involved in the Pan Borneo Sabah project.
It said most, if not all, of the contractors chosen for Phase 1A and the initial four packages of Phase 1B were privately held entities.
"However, we anticipate that public-listed contractors will take centre stage in the upcoming bidding processes as the project's funding mechanism becomes more transparent," it added.
5169 HOHUP HO HUP CONSTRUCTION COMPANY Notice of Interest Sub. S-hldr (Section 137 of CA 2016) Particulars of Shareholder Name : LEE FOOK YUEN NRIC/Passport No./Company No. : - Nationality/Country of Incorporation : Malaysia Address: - Descriptions (Class and Nominal Value): Ordinary Shares Name and Address of Registered Holder: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 22/03/2024 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 19/03/2024 Acquired 1,715,100 - Circumstances by reason of which change has occurred: Acquisition of Shares Nature of Interest: Direct Interest Consideration:
No of Shares Held After Changes: Direct : 26,141,900 shares (5.0440%) Total : 26,141,900 shares Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
22/03/2024 07:00 AM
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sslee
4,461 posts
Posted by Sslee > 1 month ago | Report Abuse
Will be very bad quarter.
From Insas quarterly result under property investment the share of profit/(loss) from associate companies : RM (10,933,000)