retained earning RM162mil++ flex project stopped and land sold to exsim, so much free cash flow, can use to do share buyback.... should buy as many shares as possible b4 MGO or any takeover offers, etc haha
*Market Update - Retail (200524)* From Jack Goh, UOBKH
- *Malaysian equity market sustaining its bull run 🐂last week,* in tandem with solid performance from global indexes. To note, *Hang Seng Index* is approaching the 20k mark after rebounding >25% from its 15 years-low of 15k in early Jan. Meanwhile, *Dow Jones Index* achieved record high 40k mark last Thursday.
- *Another indicator that market sentiment and interest have been improving📈,* is that average daily value *(ADV) exceeding RM4b for 3 days last week (Wed-Friday).* To note, Bursa’s average ADV was only RM2.1b in 2023, RM2.9b in 1Q24, RM3.4b in May. *We’ve upgraded Bursa MK target price to RM8.76 last week
Net assets per share 66sen. Now 14sen, just invite the cash rich friends to inject n relist after privatisation... Easier for financial engineering etc
NTA 66sen, Current price14sen, Market Cap ... Offer price to take hohup private, say, 28sen, hanya ~RM150mil haha wait n see... better to take it private.... restructure quietly, relist at a much higher value later.
Ho Hup Construction Company Berhad, also known as HOHUP (5169), is a well-known construction company in Malaysia¹². It has been involved in numerous national projects, including:
- **Petronas Twin Towers**: Ho Hup was involved in the construction of the iconic Petronas Twin Towers, a symbol of Kuala Lumpur’s skyline¹². - **National Sports Complex**: The company contributed to the development of sports facilities in Malaysia¹². - **Kuala Lumpur International Airport (KLIA)**². - **Light Rail Transit System (LRT)**². - **Malaysia –Singapore second crossing**².
In addition to these major projects, Ho Hup Construction Company Berhad has completed numerous projects from both the private and government sectors for high-rise intelligent buildings, stadiums, airports, highway & bridges, railways & light rapid transit, off shore marine works, oil & gas works, commercial building development, deep foundation works and many more².
The company also owns a quarry business in Taboh Naning, Alor Gajah, Melaka, which caters to the demand for quarry products from the infrastructure development and construction activities in Melaka, southern Negeri Sembilan, and northern Johor⁴.
On 25th February 1991, Ho Hup Construction Company Berhad gained access to the main board of Bursa Malaysia through an Initial Public Offering (IPO)². This significant step has led to greater access to market share and the birth of the name of Ho Hup Construction Company Berhad².
5169 HOHUP HO HUP CONSTRUCTION COMPANY General Meetings: Notice of Meeting 52049 Indication: Notice of Meeting Description: HO HUP CONSTRUCTION COMPANY BERHAD- FIFTIETH ANNUAL GENERAL MEETING Date of Meeting: 30/05/2024 Time of Meeting: 10:30 AM Venue: Bukit Jalil Golf and Country Resort,1st Floor, Perdana 1 & 2 Room,Jalan Jalil Perkasa 3, Bukit Jalil,57000 Kuala LumpurMalaysia Date of General Meeting Record of Depositors: 23/05/2024 Outcome of Meeting:
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
probably something big is going to happen b4 May 30 its AGM or on AGM day... interesting... must be good news coming.... looking at the shares were sapu recently even today as well
ada sesiapa mau attend ya... hehe Description: HO HUP CONSTRUCTION COMPANY BERHAD- FIFTIETH ANNUAL GENERAL MEETING Date of Meeting: 30/05/2024 Time of Meeting: 10:30 AM Venue: Bukit Jalil Golf and Country Resort,1st Floor, Perdana 1 & 2 Room,Jalan Jalil Perkasa 3, Bukit Jalil,57000 Kuala LumpurMalaysia
if you understand whats going on lately happened on this company, you can decide hold or buy more or sell out. Understand the stock you going to trade is the most important
if you understand whats going on lately happened on this company, you can decide hold or buy more or sell out. Understand the stock you going to trade is the most important
HoHup had been ignored and dumped for so long and its now time for the bulls to act. If you a serious investor, It's time to accumulated and add to your stock portfolio. If you are pessimistic, SELL! If you believed in the prospect of the company, BUY. Decision is yours and this forum should be based on facts (Fundamentals) or trends (Technical). Not heresay
Need to ask them about this during the AGM@May 30.
KUALA LUMPUR (May 17): Ho Hup Construction Company Bhd (KL:HOHUP) said its 52%-owned unit Golden Wave Sdn Bhd (GWSB) has applied with the High Court to be placed under judicial management.
Judicial management is a corporate rescue mechanism where companies seek the appointment of a judicial manager when they are unable to pay their debts, creditors or directors.
In a filing with Bursa Malaysia on Friday, Ho Hup said GWSB’s judicial management application is part of GWSB’s efforts to rehabilitate the company in a bid to regularise its financial condition and maximise returns to creditors as opposed to being wound up.
The application is also to provide GWSB the opportunity to complete its projects.
It will also seek the involvement of an independent professional to facilitate restructuring of GWSB with the assistance of its management.
“There has been a series of events that has affected the cash flow of GWSB due to the Covid-19 pandemic environment, which has significantly slowed down the timing of payments by customers as well as the progress of the projects undertaken by GWSB,” Ho Hup said.
GWSB is 70%-owned by Ho Hup’s property development division Ho Hup Ventures (KK) Sdn Bhd, which is in turn 75%-owned by Ho Hup.
As at end-2023, Ho Hup Ventures’ total liabilities of RM447.49 million exceeded its total assets of RM449.54 million.
The unit contributed close to 40% of Ho Hup’s revenue for the financial year ended Dec 31, 2023 (FY2023).
Ho Hup stated that the application is not expected to have a significant financial or operational impact on the group, and will provide further updates if there is any material development on the matter.
Last week, Ho Hup announced that its RM1 billion mixed development project in Bukit Jalil will be suspended as it plans to sell the 3.09-acre land the project is sited on for RM110 million, cash, to Exsim Group as it seeks to improve its financial position.
Ho Hup have incurred losses for the last three consecutive years. For the financial year ended Dec 31, 2023 (FY2023), the company’s net loss widened to RM75.07 million from RM32.13 million a year earlier, due to impairments of long-standing receivables totalling RM14.7 million, as well as ascertained liquidated damages expenses of RM15.9 million.
The group also experienced lower contribution recognition for projects such as Laman Iskandaria, Kulai, and The Crown, Kota Kinabalu.
Shares of Ho Hup closed unchanged at 14 sen on Friday, giving it a market capitalisation of RM75.15 million. Year to date, the counter has dropped more than 40%.
Hohup assets in bukit jalil are priceless, “This year, the Fiabci International judging committee, comprising over 60 judges from 35 countries, recognised Pavilion Bukit Jalil as the World’s Best Retail Centre,” it said in a statement.
Pavilion REIT deputy chief executive officer Patrick Liau Kong Voon said Pavilion Bukit Jalil’s commitment to sustainability and creating meaningful spaces for the community played a crucial role in swaying the judges.
He attributed Pavilion Bukit Jalil’s success to its size, location, the neighbourhood’s growing catchment, as well as the international events hosted at the mall.
Ho Hup Construction Company Berhad's resilience can be attributed to several factors:
- **Diversified Portfolio**: Ho Hup has a diversified portfolio in construction and related services, which helps mitigate risks associated with any single market or sector². - **Experienced Management**: The company benefits from an experienced management team, capable of navigating through challenging market conditions and making strategic decisions⁵. - **Resource Management**: Effective project resource management ensures that projects meet objectives efficiently, which is crucial for maintaining quality control, safety, health management, time control, and cost control⁵. - **Strategic Asset Sales**: The company's strategy to sell assets, like the Bukit Jalil land, can provide immediate cash flow relief and reduce debt, contributing to its financial stability².
These factors, combined with the company's ability to adapt and evolve in response to market conditions, contribute to its resilience. It's important for Ho Hup to continue leveraging these strengths while seeking new opportunities for growth and profitability.
Ho Hup Construction Company Berhad, commonly known as Ho Hup, is indeed a significant player in the construction and related services industry in Malaysia. The company has a history of growth and has been involved in various construction, property development, and building material projects².
As of the latest information available to me, Ho Hup has been involved in several promising ventures, including joint ventures like the Bukit Jalil City project with Malton Bhd, which includes developments such as Aurora Place and Aurora small offices and versatile offices (Sovo)⁴. These projects have contributed to the company's revenue and are expected to continue doing so.
Downward risk extremely low, heading North extremely high. Sales of 3.09 acres is vital to regularise her cashflow and is deemed positive for the future direction of the company. The share price will be reflected within the next 6 months. Deemed a BUY now
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) HO HUP CONSTRUCTION COMPANY BHD
Particulars of substantial Securities Holder Name LOW LAI YOONG Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 04 Jun 2024 600,000 Disposed Deemed Interest Name of registered holder RHB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Low Chee Group Sdn Bhd Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Disposal of Shares by Low Chee Group Sdn Bhd Nature of interest Deemed Interest Direct (units) 1,362,500 Direct (%) 0.263 Indirect/deemed interest (units) 47,725,732 Indirect/deemed interest (%) 9.209 Total no of securities after change Date of notice 06 Jun 2024 Date notice received by Listed Issuer 06 Jun 2024
Announcement Info Company Name HO HUP CONSTRUCTION COMPANY BHD Stock Name HOHUP Date Announced 06 Jun 2024 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-06062024-00004
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) HO HUP CONSTRUCTION COMPANY BHD
Particulars of substantial Securities Holder Name DATO' LOW TUCK CHOY Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 04 Jun 2024 600,000 Disposed Deemed Interest Name of registered holder RHB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Low Chee Group Sdn Bhd Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Disposal of Shares by Low Chee Group Sdn Bhd Nature of interest Deemed Interest Direct (units) 6,817,500 Direct (%) 1.315 Indirect/deemed interest (units) 53,801,622 Indirect/deemed interest (%) 10.381 Total no of securities after change Date of notice 06 Jun 2024 Date notice received by Listed Issuer 06 Jun 2024
Announcement Info Company Name HO HUP CONSTRUCTION COMPANY BHD Stock Name HOHUP Date Announced 06 Jun 2024 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-06062024-00003
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) HO HUP CONSTRUCTION COMPANY BHD
Particulars of substantial Securities Holder Name LOW CHEE GROUP SDN BHD Address No. 58G, Jalan Wawasan Ampang 2/3, Bandar Baru Ampang, Ampang 68000 Perlis Malaysia. Company No. 198001007547 (61331-A) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 04 Jun 2024 600,000 Disposed Direct Interest Name of registered holder RHB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Low Chee Group Sdn Bhd Address of registered holder Level 4, Tower Three, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur, W.P. Kuala Lumpur Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Disposal of Shares Nature of interest Direct Interest Direct (units) 47,725,732 Direct (%) 9.209 Indirect/deemed interest (units) Indirect/deemed interest (%) Total no of securities after change Date of notice 06 Jun 2024 Date notice received by Listed Issuer 06 Jun 2024
Announcement Info Company Name HO HUP CONSTRUCTION COMPANY BHD Stock Name HOHUP Date Announced 06 Jun 2024 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-06062024-00005
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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....
Good123
27,197 posts
Posted by Good123 > 2024-05-15 09:30 | Report Abuse
Mungkin balik 20-30sen at least.... Just keep.... USAh jual murah kini