no need to make video lah , at this price can get 2,300+ acres of FREEHOLD land in KL , Selangor , NS , Kedah , you are getting these lands now at $1 psf , lelong leong , santa is coming to town. Du Du...
Executive Director Appointment - MISS KHAVITHA DEVI A/P POTHURAJU on 25-Mar-2024. Executive Director Appointment - MADAM SHAFINA BINTI SYAFEI on 25-Mar-2024. Director Appointment - DR ZHANG YAN on 25-Mar-2024.
This CHHB land itself market values at 450 million for sale now, who is bidding to taking over ? Ecoworld ? Sunway or international bidders ?? Cheers !
Since this company is trying to consolidate and rebuild, I'd like to suggest changing its display name to something more attractive. Ask people what "CHHB" is and most likely you'd draw a blank. Likely with most at i3investor too... and these are people who follow Bursa Malaysia.
Due to length limitation, can't have it in full. But why not: COUNTRY or, COUNTRYH or, CHEIGHTS or "something else". Instead of CHHB which is so anonymous.
he Group recorded total revenue of RM19.1 million in the current quarter ended 30 September 2024 as compared to RM14.6 million in the preceding year corresponding quarter ended 30 September 2023. The increase of revenue mainly contributed by the sale of completed property from Belezza Phase 3 Project and a sale of land amounting to RM4 million during the current quarter ended 30 September 2024.
The Group recorded profit before tax of RM15.2 million for the current quarter ended 30 September 2024 as compared to RM4.6 million loss before tax in the preceding year corresponding quarter ended 30 September 2023. This was mainly due to the disposal gain of a wholly-owed subsidiary company, Magnitude Knight (M) Sdn Bhd, amounting to RM6.8 million and a sale of land amounting to RM3.9 million during the current quarter ended 30 September 2024.
5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD Consolidated results for the financial period ended 30/09/2024 (Amended) Quarter: Others Financial Year End: 30/06/2025 Report Status: Unaudited Submitted By: 3 Months 3 Months 3 Months 3 Months 01/07/2024 to 30/09/2024 01/07/2023 to 30/09/2023 01/07/2024 to 30/09/2024 01/07/2023 to 30/09/2023 RM '000 RM '000 RM '000 RM '000 1 Revenue 19,094 14,576 43,286 37,721 2 Profit/Loss Before Tax 15,173 (4,633) 4,923 (13,531) 3 Profit/(loss) attributable to ordinary equity holders of the parent 14,947 (5,537) 5,605 (14,691) 4 Net Profit/Loss For The Period 14,666 (5,198) 3,887 (14,461) 5 Basic Earnings/Loss Per Shares (sen) 5.01 (1.85) 1.88 (4.90) 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 2.0800 2.0700 Remarks:
The Company has changed its financial year end from 31 December to 30 June as announced on 22 November 2024. The next financial year end of the Company will be 30 June 2025 covering a period of 18 months.This amended announcement is made to refect the financial year end of the Company as 30 June 2025 instead of 31 December 2024 as stated in the financial results announcement released on 28 November 2024. 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
Country Heights Holdings Berhad (CHHB) is a Malaysian conglomerate founded on May 10, 1984, by Tan Sri Lee Kim Yew. Initially focusing on property development, the company has diversified into various sectors, including hospitality, wellness, lifestyle, tourism, and investments.
CHHB is renowned for several notable projects:
Mines Wellness City: A transformation of the world's largest open-cast tin mine into a sprawling resort city, featuring the Mines Resort & Golf Club and the Palace of the Golden Horses hotel.
Borneo Highlands Resort: An eco-friendly resort in Sarawak, Malaysia, known for its natural beauty and the Hornbill Golf & Jungle Club, which won the CNBC Award for Best Golf Development Malaysia in 2008.
In addition to property development, CHHB has expanded into:
Healthcare & Wellness: Through the Golden Horses Health Sanctuary (GHHS) Healthcare, established in 2001, offering preventive health screening services within a resort setting.
Blockchain & Finance: In 2021, the company ventured into digital finance with the establishment of Golden Horse Digital Investment Bank Ltd (GHDIB), a fully licensed digital investment bank offering a range of financial services.
CHHB is listed on the Main Market of Bursa Malaysia under the stock code 5738.KL.
For more detailed information, you can visit their official website:
Country Heights Holdings Berhad (CHHB) has the potential for a rebound, depending on several factors, including its strategic direction, financial health, and market conditions. Here are some reasons why it could rebound:
1. Diversified Business Portfolio
CHHB is involved in multiple sectors, including property, hospitality, wellness, and digital finance, which provides resilience against sector-specific downturns.
2. Strategic Assets
Iconic properties like Mines Wellness City and the Palace of the Golden Horses are strong assets with significant brand recognition. Efforts to maximize their value could drive growth.
3. Digital Finance Ventures
The establishment of Golden Horse Digital Investment Bank aligns with the growing interest in digital banking and blockchain, positioning CHHB for future growth in the fintech sector.
4. Potential Market Recovery
If Malaysia's property and tourism markets continue to recover post-pandemic, CHHB could benefit from increased demand for its properties and hospitality services.
5. Support from Government Initiatives
Government efforts to stimulate economic recovery and promote digital transformation might create opportunities for CHHB.
6. Management Initiatives
Leadership changes, restructuring, or cost optimization could improve the company’s financial performance and market confidence.
Key Considerations
Debt Levels: CHHB's financial health, particularly its ability to manage debt, will be crucial for a rebound.
Investor Sentiment: Positive news, strong earnings, or strategic partnerships can boost investor confidence.
Macroeconomic Factors: Interest rates, inflation, and global economic trends could influence its performance.
If CHHB executes its strategies effectively and capitalizes on growth sectors, it has the potential to rebound.
If Country Heights Holdings Berhad (CHHB) has significant landbank assets that have not been revalued, it could present a hidden value that the market has not yet fully recognized. Here’s how this factor could contribute to the company's potential rebound:
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1. Unlocking Hidden Value
Undervalued Assets: If the landbank is carried at historical cost on the balance sheet, the actual market value could be significantly higher due to appreciation over time.
Catalyst for Revaluation: Revaluing the landbank to reflect current market prices could boost CHHB’s net asset value (NAV) and attract investor interest.
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2. Strategic Development Potential
Prime Locations: If the landbank includes properties in high-demand areas, CHHB could capitalize by developing them or selling them at a premium.
Joint Ventures: Partnering with other developers to unlock the value of these lands could create steady revenue streams.
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3. Leverage for Fundraising
Collateral for Financing: Higher land values can enhance borrowing capacity, allowing CHHB to finance new projects or restructure existing debts.
Asset Monetization: Selling non-core landbank assets could generate cash flow for growth or debt reduction.
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4. Enhanced Market Perception
Improved Valuation Metrics: Revaluation can improve key financial metrics like price-to-book ratio, attracting long-term investors.
Increased Transparency: Providing updated land values can bolster investor confidence in the company’s management and strategy.
---
Challenges
Regulatory and Accounting Standards: The revaluation process must comply with accounting and regulatory requirements, which can be complex and time-consuming.
Market Timing: Selling or developing the landbank should align with favorable market conditions to maximize returns.
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Potential Impact on Stock Price
A revaluation or monetization of CHHB’s landbank could significantly enhance shareholder value, making it a strong rebound candidate. However, the market must be made aware of these hidden assets through clear communication and strategic initiatives.
Reference is made to the earlier announcements dated 21 July 2023, 2 August 2023, 17 January 2024, 7 February 2024, 17 July 2024, 31 July 2024 and 5 August 2024.
On behalf of the Board, TA Securities wishes to announce that the Board had on even date (“Price-fixing Date”) fixed the issue price for the Private Placement at RM0.19 per Placement Share (“Issue Price”).
The Issue Price represents a discount of 9.70% to the 5-day VWAP of CHHB Shares up to and including 15 January 2025 of RM0.2104, being the last market day immediately preceding the Price-fixing Date.
This announcement is dated 16 January 2025.
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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
27,730 posts
Posted by Good123 > 2024-03-15 10:46 | Report Abuse
dah dapat wang kopi pagi ni? :)