Profitability Growth: Anticipated net income growth means that analysts expect the company's profitability to increase. Higher net income can boost the company's earnings per share and potentially its stock price. Positive Outlook: When analysts forecast net income growth, it indicates a positive outlook for the company's financial performance. This could be due to a variety of factors such as increased sales, improved operational efficiency, or cost reductions. Bullish Indicator: Net income growth forecasts are generally seen as a bullish signal. It suggests that the company is on a path to increased profitability, which could lead to higher returns for investors. Investor Confidence: Forecasts of net income growth can boost investor confidence, as they suggest that the company is likely to perform well in the near future. This could lead to increased demand for the company's stock.
Country Heights Holdings Berhad may have many valuable assets due to its diversified portfolio, which could include real estate, land holdings, investments, and other revenue-generating ventures. The company's strategic business decisions, acquisitions, and successful ventures could contribute to the overall value of its assets. It's essential to analyze the specific assets and business strategies of the company to understand the reasons behind its valuable holdings.
Rescuing or positively influencing a company like Country Heights Holdings Berhad would depend on various factors, and it's not solely in the hands of an individual, including Lim Kim Yew. Here are some general considerations:Financial Investment: Lim Kim Yew could inject capital into the company to address any financial challenges it might be facing.Business Strategy: Implementing sound business strategies and operational improvements to enhance the company's performance and competitiveness.Management Expertise: Applying leadership and management skills to streamline operations, cut unnecessary costs, and improve overall efficiency.Market Positioning: Identifying and capitalizing on opportunities in the market to strengthen the company's position and increase revenue.Stakeholder Relations: Building positive relationships with stakeholders, including investors, customers, and partners, to restore confidence in the company.Industry Knowledge: Leveraging industry expertise to navigate challenges and stay ahead of market trends.It's essential to note that the success of such efforts depends on the specific circumstances surrounding Country Heights Holdings Berhad and the broader economic environment. Additionally, collaboration with existing management and stakeholders is often crucial for a successful turnaround.
This article first appeared in The Edge Malaysia Weekly on March 4, 2024 - March 10, 2024
Within a space of five days, Country Heights Holdings Bhd (CHHB) had made a significant reversal in its decision with regard to its quarterly results.
Last Monday, CHHB, which is substantially controlled by Tan Sri Lee Kim Yew, announced that it was unable to release its quarterly results for the period between October and December 2023 because there were delays in verifying claims from creditors, as well as ongoing negotiations with a bank on a defaulted loan.
Last Friday, CHHB issued a press release clarifying further the issues related to its accounts. Close scrutiny reveals that the claims by creditors are related to the Mines Waterfront Business Park (MBWP) development and the amount in question is between RM3 million and RM3.8 million.
As for the loan in default, CHHB stated that the amount is between RM72 million and RM79 million and not RM180 million as reported in the media. Nevertheless, CHHB has already received a proposal from the bank to settle for an amount of RM12 million, which is to be stretched over 24 months.
The property developer stated that the board had initiated the necessary accounting measures so that the financial results would reflect its current position.
The loan is tied to the MBWP and Mines International Exhibition and Convention Centre (MIECC). According to CHHB, the assets are valued at RM550 million.
The value of the assets are grossly higher than the amount in dispute. Hence, on paper, there is really little concern over the state of CHHB’s finances. But what’s puzzling is the delay in resolving the matter, until it has led to a delay in the release of its quarterly results.
Timely information is relevant, especially to CHHB, as it plans to undertake a private placement. The proceeds are to be used to refurbish the Palace of the Golden Horses. A delay in results would certainly not help the company get a better price for the placement exercise.
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Above 60 tak perform as a CEO, blah. Above 60, Lebih baik sebagai independent director
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5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD Change in Boardroom Date of Change: 01/03/2024 Type of Change: Retirement Designation: Managing Director Directorate: Exec Name: YIP CHUN MUN Age: 61 Country: Nationality: Malaysia Qualifications: Working Experience and Occupation: Directorship of public companies (if any): Family relationship with any director and/or major shareholder of the listed issuer: Details of any interest in the securities of the listed issuer or its subsidiaries: 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:
2,XXX acres of FREEHOLD lands at lelong leong price now, the upcoming investors holding foreign currencies so excited now. Selling at 0.10 BV now , cheers !!
LKY mau masuk pasaran untuk menyapu syernya kot? hehehe
5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) Subject : Intention to Deal During Closed Period 1. Details of Intention to Deal During Closed Period Salutation : TAN SRI Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew Designation : Others Description of "Others" Designation : Group Advisor Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 77,766,389 % of Securities Held : 26.210 2. Details of Intention to Deal During Closed Period Salutation : TAN SRI Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew Designation : Others Description of "Others" Designation : Group Advisor Nature of Interest : Indirect Interest Description of Securities : Ordinary Shares No of Securities Held : 57,878,121 % of Securities Held : 19.500 Remarks : This announcement is made due to the intention to deal by companies deemed interested by Tan Sri Lee Kim Yew. 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
KUALA LUMPUR (March 6): Malaysia’s residential property transaction value hit RM196.83 billion in 2023, a fresh record high as noted by the National Property Information Centre (Napic).
The figure was a 9.91% year-on-year (y-o-y) rise from the previous all-time high of RM179.07 billion logged in 2022, Napic said in a statement in conjunction with the release of its Property Market Report 2023 on Wednesday.
As for total transactions, it was largely flat at 399,008, a 2.54% increase from 389,107 in 2022.
**Tan Sri Lee Kim Yew**, the founder of **Country Heights Holdings Bhd (CHHB)**, has demonstrated remarkable resilience and resourcefulness in his journey. Despite facing significant challenges, he managed to rebound and regain his footing in the corporate world. Let's delve into the reasons behind his impressive comeback:
1. **Survival Instinct and Determination**: - After the **1997/98 Asian financial crisis**, which dealt him a devastating blow, many believed he would go bankrupt and fade away from the corporate scene. - However, Lee Kim Yew refused to succumb to adversity. His unwavering determination fueled his survival instinct.
2. **Debt Repayment and Financial Recovery**: - Lee Kim Yew not only paid off **RM1.1 billion** in personal loans but also helped CHHB settle most of its RM1.1 billion debt. - His commitment to financial responsibility and debt repayment allowed him to regain financial stability.
3. **Endurance During High-Interest Rates**: - During the crisis, he faced exorbitant interest rates, reaching as high as **28% per annum**. - Despite the challenges, he persevered, negotiating with bankers and gradually overcoming the burden.
4. **Humility and Adaptability**: - He stepped down as CHHB group managing director in **2007**, taking responsibility for the company's problems and weakened financials. - Passing the baton to his daughter, Dian Lee, demonstrated his humility and adaptability.
5. **Losses and Sacrifices**: - Lee Kim Yew sold his controlling stake in **Sunrise Bhd**, a high-end property firm, to reduce his loans. - He even parted with his **US$30 million private jet**, symbolizing his social and economic status during better times.
6. **Changing Relationships**: - Some of his former "friends" distanced themselves during tough times, emphasizing that he was "a nobody." - His ties to former Prime Minister **Tun Dr. Mahathir Mohamad** didn't shield him from challenges.
7. **Resilience and Redemption**: - Despite setbacks, Lee Kim Yew's resilience allowed him to bounce back. - His story serves as a testament to human strength, adaptability, and the ability to rise from adversity.
In summary, Lee Kim Yew's rebound can be attributed to his tenacity, financial discipline, and willingness to adapt in the face of adversity.
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Profitability Growth: Anticipated net income growth means that analysts expect the company's profitability to increase. Higher net income can boost the company's earnings per share and potentially its stock price.
Positive Outlook: When analysts forecast net income growth, it indicates a positive outlook for the company's financial performance. This could be due to a variety of factors such as increased sales, improved operational efficiency, or cost reductions.
Bullish Indicator: Net income growth forecasts are generally seen as a bullish signal. It suggests that the company is on a path to increased profitability, which could lead to higher returns for investors.
Investor Confidence: Forecasts of net income growth can boost investor confidence, as they suggest that the company is likely to perform well in the near future. This could lead to increased demand for the company's stock.