rising revenue, profitability and net assets per share (RM1.75) 38sen/1.75 = P/B= 0.21 fire sale price
6181 MALTON MALTON BHD Quarterly rpt on consolidated results for the financial period ended 31/12/2019 Quarter: 2nd Quarter Financial Year End: 30/06/2020 Report Status: Unaudited Submitted By:
Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2019 31/12/2018 31/12/2019 31/12/2018 RM '000 RM '000 RM '000 RM '000 1 Revenue 701,865 252,931 817,783 410,867 2 Profit/Loss Before Tax 13,221 8,922 16,656 16,821 3 Profit/(loss) attributable to ordinary equity holders of the parent 8,125 2,587 9,434 7,035 4 Net Profit/Loss For The Period 8,008 2,038 9,205 6,486 5 Basic Earnings/Loss Per Shares (sen) 1.54 0.49 1.79 1.33 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) 1.7500 1.7500
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 accessthe Bursa website at http://www.bursamalaysia.com
The Pavilion Bukit Jalil mall comprises one block of retail mall with five levels of retail spaces and two levels of basement parking. The mall, scheduled to open in the third quarter of 2020, will have a net lettable area of 1.8 million sq ft.
The Pavilion Bukit Jalil mall is part of the wider Bukit Jalil City project, with a gross development value of RM4 billion, which is being undertaken by Pioneer Haven.
On July 9, 2018, The Edge Malaysia Weekly had reported quoting sources that Canada Pension Plan Investment Board was in talks with Malton on the purchase of up to a 49% stake in the Pavilion Bukit Jalil mall.
Malton shares closed unchanged at 52.5 sen today, with 696,300 shares done, bringing it a market capitalisation of RM277.27 million. Pavilion REIT units, meanwhile, ended the day up one sen or 0.61% at RM1.66, with 6.25 million shares traded, valuing it at RM5.04 billion.
Regal Path secures RM1.1bil for Pavilion Bukit Jalil mall BUSINESS Tuesday, 29 Oct 2019
8:02 AM MYT
Done deal: Regal Path inked the facilities agreement with four banks to acquire Pavilion Bukit Jalil mall. (From left) UOB Bank (Malaysia) Berhad managing director Ng Wei Wei, Maybank managing director Michael Oh-Lau, Regal Path Sdn Bhd director Hong Lay Chuan, OCBC Bank (Malaysia) Berhad CEO Dato’ Ong Eng Bin, OCBC Bank (Malaysia) Berhad managing director Tan Ai Chin and CIMB Bank Berhad group head corporate banking Lo Nyen Khing signing the agreement at Pavilion Hotel Kuala Lumpur.
Regal Path Sdn Bhd (Regal Path) successfully secured syndicated banking facilities of up to RM1.1bil for the acquisition of Pavilion Bukit Jalil mall from Pioneer Haven Sdn Bhd - a wholly owned subsidiary of Malton Berhad (Malton).
The iconic Pavilion Bukit Jalil Mall - being one of the country’s largest regional shopping hubs, is part of the 20ha Bukit Jalil City integrated lifestyle development in the southern corridor of Klang Valley to be developed by Malton.
On Oct 10, Regal Path inked the facilities agreement with four banks, namely CIMB Bank Berhad, Malayan Banking Berhad, OCBC Bank (Malaysia) Berhad and United Overseas Bank (Malaysia) Berhad at Pavilion Hotel Kuala Lumpur.
The syndicated banking facilities will be utilised to finance the acquisition of the Pavilion Bukit Jalil mall. Regal Path is a joint venture company of Malton’s wholly-owned subsidiary Khuan Choo Realty Sdn Bhd, Qatar Investment Authority’s (QIA) wholly owned subsidiary Q PBJ Sdn Bhd, and Tan Sri Desmond Lim via his private vehicle Jelang Tegas Sdn Bhd.
The Joint Mandated Lead Arrangers commented that, “We are proud to be the key financial partners for this landmark project. We are confident that with the strategic partnership between Tan Sri Desmond Lim of Pavilion Group and QIA, and leveraging on the strong expertise of Pavilion as the retail manager, Pavilion Bukit Jalil mall will be another key shopping destination for both the local community and foreign tourists alike, similar to the highly successful and award-winning Pavilion KL.”
“Albeit the prevailing tough market conditions, the successful closure of this billion ringgit syndication signifies the confidence by the syndicate banks in the combination of the best expertise and the able leadership of the sponsors in delivering yet another iconic destination mall. We are confident that the sponsors would be able to rejuvenate Bukil Jalil into an integrated cosmopolitan lifestyle development and a destination to be reckoned with in the near future, ” added the Joint Mandated Lead Arrangers.
Slated for completion by March 2021, Pavilion Bukit Jalil mall will attract locals and tourists alike. Slated for completion by March 2021, Pavilion Bukit Jalil mall will attract locals and tourists alike.
The three strategic investors entered into a Subscription Agreement with Regal Path on May 28 to participate in the ownership of Pavilion Bukit Jalil mall. The signing ceremony of the syndicated banking facilities marks a momentous milestone as it underscores the lenders’ strong support and confidence in the solid partnerships and business prospects of the stakeholders involved in the Pavilion Bukit Jalil mall landmark transaction.
The partnership with QIA in Pavilion Bukit Jalil mall is the latest example of QIA investing in high-end, world-leading retail outlets and real estate across the globe. With QIA’s participation, it is indeed a testimony of confidence, not just in the projects managed under the ‘Pavilion’ brand, but Malaysia as a stable and high potential investment destination. The solid and long-term partnership signifies their combined efforts to drive the nation’s economy forward.
QIA’s participation in the ownership of Pavilion Bukit Jalil mall is in tandem with the government’s efforts to attract genuine foreign investments and spur the Foreign Direct Investment growth, making Malaysia the preferred destination for investment.
The 20ha prime freehold land in Bukit Jalil City will be one of the country’s largest regional shopping hubs. The 20ha prime freehold land in Bukit Jalil City will be one of the country’s largest regional shopping hubs.
Slated for completion by March 2021, Pavilion Bukit Jalil mall is set to be the crown jewel of Bukit Jalil City. Tapping into the retail expertise of retail management team from Pavilion KL - an award-winning and Malaysia’s most successful mall, the Pavilion Bukit Jalil mall will feature a good mix of retailers, attracting a steady pool of local and international visitors. With an estimated net lettable area of 1.8 million sq ft, the iconic Pavilion Bukit Jalil mall will be one of the country’s largest regional shopping hubs that will rejuvenate Bukit Jalil into a vibrant destination for business, best-in-class shopping experience, dining, leisure and entertainment hub catering to both locals and tourists alike.
Cash rich partner from Qatar for Pavilion Bukit Jalil, surely rebound sooner or later :)
The syndicated banking facilities will be utilised to finance the acquisition of the Pavilion Bukit Jalil mall. Regal Path is a joint venture company of Malton’s wholly-owned subsidiary Khuan Choo Realty Sdn Bhd, Qatar Investment Authority’s (QIA) wholly owned subsidiary Q PBJ Sdn Bhd, and Tan Sri Desmond Lim via his private vehicle Jelang Tegas Sdn Bhd.
The Joint Mandated Lead Arrangers commented that, “We are proud to be the key financial partners for this landmark project. We are confident that with the strategic partnership between Tan Sri Desmond Lim of Pavilion Group and QIA, and leveraging on the strong expertise of Pavilion as the retail manager, Pavilion Bukit Jalil mall will be another key shopping destination for both the local community and foreign tourists alike, similar to the highly successful and award-winning Pavilion KL.”
This malton still needed more time ? next year pavilion ? Hhmmm now ding dong which to go in for uems or mashing or glomac or Malton ? Any latest advise ?
Ismpro888 I ask myself the same question. What to buy, when to buy? My main concern now is how long will the shutdown last? Quarterly results could get affected badly if the shutdown continues for few months. So maybe waiting for reporting of Apr - June results in August 2020 may be recommended. We need some clarity to the situation.
my friend working at bank told me bank give home loan ,need 30% down payment 100 customer submit loan approved 3 customer only. bank difficult approved loan
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Posted by 荷兰股王 > 2020-02-21 22:40 | Report Abuse
How nice ?