KLSE (MYR): SURIA (6521)

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Last Price


Today's Change

-0.01 (0.65%)

Day's Change

1.53 - 1.54

Trading Volume


2 people like this.

736 comment(s). Last comment by lionel messi 1 day ago

Posted by learnbyheart > 2020-04-24 10:37 | Report Abuse

dont worry is still in discounted price. Usually they will announced dividend no later than 29 April every year. hopefully better than KWSP rate.


1,328 posts

Posted by kl_guy > 2020-04-24 15:16 | Report Abuse

suria start moving with vol


5,068 posts

Posted by davidkkw79 > 2020-04-24 15:17 | Report Abuse

steady business no need to worry at all


1,328 posts

Posted by kl_guy > 2020-04-25 09:46 | Report Abuse

Look at the chart, its on uptrend with volume increase.
With strong and steady business with estimate eps of 16sen , PE 5.9 with div is a good buy.

Posted by learnbyheart > 2020-04-25 10:57 | Report Abuse

will not let go my hook as i am gradually average up since 0.905 to 0.980

Posted by learnbyheart > 2020-04-25 17:20 | Report Abuse

yeah ..good news that everybody finally aware of this stock. undervalued stock..volume surge a lot..last we seen such hugh volume in 2009 + Waris Harta Sabah own more than 45% holding. No need Urusharta Jemaah to support the price.

Posted by learnbyheart > 2020-04-25 17:51 | Report Abuse

just to recap that application to raise up port tariff submitted by Suria Capital in September 2019. This is another good news in the pipeline. Price surge from RM 1.28 to Rm1.45 for the news only, upon agreement i believe price will surge above RM 1.45.


3,111 posts

Posted by Nepo > 2020-04-29 06:03 | Report Abuse

Ports are allowed to operation, good news.
On the other hand, it looka like Urusharta would like to clear all the shares probably due to shortage of fund


3,111 posts

Posted by Nepo > 2020-04-29 06:37 | Report Abuse

【管控令第42天】获批运作公司需守指南 港口明起恢复进出口运作


6,699 posts

Posted by thesteward > 2020-04-29 08:30 | Report Abuse

Looks like fund distribution

Posted by BornToSpeculate > 2020-04-29 09:05 | Report Abuse

Might take awhile for Urusharta Jemaah to clear. Still has 20 m shares, assuming 1m day is which higher than avg, we have to wait another 20 days.

Posted by learnbyheart > 2020-04-29 17:21 | Report Abuse

wow....interim 2.5 cent dividend..


1,852 posts

Posted by uptrending > 2020-04-29 22:04 | Report Abuse

Urusharta Jemaah must be switching counter. Holding 12 years also lost money. Now everything down, is it a good opportunity for it to switch camp?


1,852 posts

Posted by uptrending > 2020-04-29 22:18 | Report Abuse

Land sales in 2015 for rm229 m still not paid? Still remained as receivable in the book? The property development takes ages to take off the ground? Has it? How long is the waiting time to cash in the 18% share, total rm315 million, plus the receivable of rm229 M, total rm544M?

Cash Flow from the ports operation mainly dumped back as Capex for Ports Development? Development of the Cruise Terminal needs hundreds of millions. Is it a viable project? What are the returns?

Would the Sabah Govt agree with the increase in tariff which will raise imported costs and dampen export profits during the current economic recession?

I am hesitating...

Any sifu can help?

Posted by IvanZhang > 2020-04-29 23:26 | Report Abuse

Do note that some of those lands (concession assets) need to be handed over to Sabah Ports Authority at no costs in the future !!

These assets is RM 836+ million in the book now.


1,852 posts

Posted by uptrending > 2020-04-29 23:34 | Report Abuse

Notes 18 4QFY19

Capital expenditures recognised as concession assets are to be handed over at no costs to
Sabah Ports Authority upon the expiry of the concession period.

Thanks Ivan


1,852 posts

Posted by uptrending > 2020-04-30 00:03 | Report Abuse

Port Concession is 30 years with an option of another 30 years extension. The obligation is for Suria Capital to spend rm 1.3 B Capex over the span of the concession. Up to 31.12.2019, already spent Capex rm1. 019 B

The concession asset will be handed over to Port of Sabah Authority at no cost at the end of the concession period. Almost missed this point.


1,852 posts

Posted by uptrending > 2020-04-30 09:14 | Report Abuse

The concession asset is actually amortised over the concession period. It has already been accounted for in computing for the profits. The amortisation gone straight into the Cash Flow. More cash is generated, more than the net profit before Capex..


1,328 posts

Posted by kl_guy > 2020-04-30 11:42 | Report Abuse

up to go only. operator in control.


3,111 posts

Posted by Nepo > 2020-04-30 11:43 | Report Abuse

The main culprit is Urusharta..

Posted by BornToSpeculate > 2020-04-30 15:53 | Report Abuse

Just be patient. Another 2 weeks to a 1 month they will finishing clearing

Posted by learnbyheart > 2020-04-30 19:05 | Report Abuse

when other counter retrace during closing..suria bounced..good signal


3,111 posts

Posted by Nepo > 2020-04-30 20:30 | Report Abuse

Of all the counters I bought, this counter is the safest. U can buy in and sleep well and collect almost 6% dividend. The biz is monopoly with no rivals and have few hundred millions of money/ assets to collect in future.

The co is allowed in every 5 years to request the Sabah state govt to revise the port tariffs, the funny thing is that the one who approves the revision is also the main shareholder of this co, i.e Sabah government, who hold around 45% of this co.

Quite difficult to realise there is a co like this in klse...


3,111 posts

Posted by Nepo > 2020-05-01 08:40 | Report Abuse

Warisan Harta Sabah, the investment arm of the Sabah State Government, was incorporated with the following objectives:

To act as catalyst for the development of economic sectors identified by the State Government;
To act as the corporate vehicle to equip the State Government with the required skills and resources for overseas ventures and greenfield projects, and also to provide a conducive economic environment for Malaysian non-Sabah companies to set-up operations or undertake joint-ventures in Sabah;
To assist the Small Medium Industries in the State as well as the development and participation of Bumiputeras (Majlis Pembangunan dan Perdagangan Sabah, MPPB)


3,111 posts

Posted by Nepo > 2020-05-01 08:41 | Report Abuse

Warisan Harta Sabah holds around 45% of Suria Capital Bhd


437 posts

Posted by tonywong8 > 2020-05-01 09:24 | Report Abuse



1,393 posts

Posted by aliyusof > 2020-05-02 09:33 | Report Abuse

Uptrending, please help, i am a new investor, not good in financials. What u wrote

"The concession asset is actually amortised over the concession period. It has already been accounted for in computing for the profits. The amortisation gone straight into the Cash Flow. More cash is generated, more than the net profit before Capex".

What are implication, good or bad to the company? Can please help saya sifu? Tqvm


3,111 posts

Posted by Nepo > 2020-05-04 06:37 | Report Abuse

One fine day I buy one lorry to sell vegetables.
I decide to sell vegetables for ten years, so I divide the cost of lorry for 10 years and match with my yearly vegetables sales.
1) my turnover match with my lorry cost, any excess is profit, shortage is loss,

In the case of Suria,repair and maintenance of port is my lorry, every year port operation generates profit.

Good or bad:-
It is Normal accounting entries, it is matching concept. Good application of accounting concept.


1,393 posts

Posted by aliyusof > 2020-05-04 07:42 | Report Abuse

Thank you Sir Nepo, good explanation, understood.


1,700 posts

Posted by chkhooju > 2020-05-04 09:04 | Report Abuse

We need to have more NEPOs in i3. No air and good in explaining issues. TQ Nepo. Keep it up.

Posted by supertrader888 > 2020-05-04 20:25 | Report Abuse

Is time to rebound,tomorrow will break rm1 and move to higher.. !

Posted by dollardollarbill > 2020-05-05 14:43 | Report Abuse

Many stocks have gone back to early Mar levels. For Suria this means RM1.20++

Posted by kuaweishem0 > 2020-05-05 18:31 | Report Abuse

Yes, finally break RM$1.00 mark
(after Urusharta Jamaah S/B ceased as major shareholder on 24/4/19)


10,036 posts

Posted by stncws > 2020-05-10 11:54 | Report Abuse

Tues buy little


10,036 posts

Posted by stncws > 2020-05-10 12:28 | Report Abuse

Dividen 0.025.
How much i got my dividen -100000unit?

Posted by equitydiary > 2020-05-12 09:07 | Report Abuse

Indeed, Sabah is already serving as a regional distribution hub for import trade, break bulk and onward shipment to key Asean markets. The removal of the cabotage policy for Sabah, Sarawak and Labuan in June 2017 by the federal government has allowed easy access to goods from foreign markets.

The removal of the longstanding policy, which means Sabah, Sarawak and Labuan do not need to import goods via ports in Peninsular Malaysia, has helped cut the cost of living in Sabah.

Additionally, the removal of the cabotage policy has enhanced trade efficiency for international shipping lines.

The major ports in the state are managed by Sabah Ports Sdn Bhd.

This unit of SURIA CAPITAL HOLDINGS BHD operates all the eight ports at Kota Kinabalu, Tawau, Lahad Datu, Kunak, Kudat, Sandakan, Sepanggar Bay Container Port and Sepanggar Bay Oil Terminal. But more should to be done to propel Sabah’s economic development

Sabah rising | The Star


3,111 posts

Posted by Nepo > 2020-05-13 22:23 | Report Abuse

Are u sure tp = 0.40???
Pls state your reasons
Don't simply shout shout
Bluffing is very easy.


1,700 posts

Posted by chkhooju > 2020-05-13 22:27 | Report Abuse

Well, he forgot to place a 2 in front. It should read 2.40.


1,037 posts

Posted by wakarimas > 2020-05-16 11:44 | Report Abuse

i doubt this coming quarter result would be solid as previous. Due to covid, the export and import volume should fall drastically. Therefore the result bad


3,111 posts

Posted by Nepo > 2020-05-16 12:03 | Report Abuse

The result is probably bad, if result is not bad,how come the share price is so low.

If you want to bottom fishing抄底,the only time to collect is when the counter is currently trading very badly at the moment and will recover after the incident.

I think value investors will not start to collect Topgloves now because the price is strongly overvalued...


30,957 posts

Posted by stockraider > 2020-05-16 12:39 | Report Abuse

Yes buy buy & buy mah...!!
Cheap & value veli veli safe loh...!!


3,111 posts

Posted by Nepo > 2020-05-20 18:03 | Report Abuse

QR not bad, this result is acceptable.


3,111 posts

Posted by Nepo > 2020-05-22 10:24 | Report Abuse

No hantu, buy and keep, price is dirt cheap. The only problem is not enough fund to buy more.
See if you bought at RM0.9x, u already making paper profit, stay firm.



684 posts

Posted by Allantanks > 2020-05-22 10:45 | Report Abuse

what gem stock. Glad I found it. Will hold and ride all the way up.


3,111 posts

Posted by Nepo > 2020-05-22 11:40 | Report Abuse

Indonesia can build its own ports in Kalimantan, why it needs to loading and unloading through Suria's Port?


437 posts

Posted by tonywong8 > 2020-05-23 18:15 | Report Abuse

With reference to an article appearing in the Malaysian Reserve on 10 April 2018, Suria wishes to clarify that on 23 September 2016, Suria had announced that the Company intends to acquire approximately 28.9 acres of land located at Kota Kinabalu port in Sabah (KK Land) to develop an international cruise terminal and related reality in Kota Kinabalu and that Suria intends to raise funds to acquire the land via fund raising exercise. On 21 March 2018, Suria had further announced that the Company had accepted the Offer to Alienate the 28.9 acres by paying the sum of RM24,237,500 to the Lands and Surveys Department, Sabah being the 50% premium payable.


437 posts

Posted by tonywong8 > 2020-05-23 18:23 | Report Abuse

3.5.11 The concession period for the business of the Port Undertakings shall be a period of thirty (30) years commencing on the Takeover Date ending on the expiry of the term of the concession (“Concession Period”). SPSB shall notify the State and SPA if it intends to extend the concession for a further term of thirty (30) years and if there shall then be no subsisting breach of SPSB’s obligations, the concession may be extended upon terms to be mutually agreed at that time. An annual concession fee of RM3.1 million and annual licence fee of RM50,000 are payable in advance within the first month of each concession year.

3.5.12 SPA shall issue the licence to SPSB in which SPSB shall have the right to carry out the Port Undertakings throughout the Concession Period (“Licence”). The period of the licence shall be co-terminous with the Concession Period.

3.5.13 SPSB shall provide sufficient infrastructures and facilities to comply with the Licence and carry out and/or effect the capital expenditure works. The capital expenditure is estimated to cost RM1,363,000,000 over the Concession Period (“Capital Expenditure”). Nevertheless, the parties shall revise the Capital Expenditure to be incurred by SPSB every five (5) years (“Capital Expenditure Period”) based on a predetermined formula (“Revised Capital Expenditure”).

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