Property and construction company Brem Holding is set to launch its new medium high-end development project in Mont Kiara with an estimated GDV of RM450m in Dec this year, said its MD Datuk Khoo Chai Kaa.
To be known as Kiara Harmony 1, the development project which will have an indicative price of RM530 to RM550 per sq ft with built-ups of 1,300 sq ft to 1,800 sq ft respectively.
Moving forward, Khoo said the group is looking forward to acquire more land in town area,
however he did not want to disclose the details on the land acquisition as it is still at premature stage. (SunBiz)
Share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each in Brem Holding Berhad ("BREM") into two (2) ordinary shares of RM0.50 each in BREM ("SPLIT SHARES")
I saw this announcement, what is the benefit of share split to us being the shareholder?
Hi Picker, for me share split is only to encourage more retailer and shareholder to participate as the price of the share becomes cheaper as a result of the exercise. other than that, nothing more.
How come Brem sell away 2.2% Titi kaya which own 100% Eng ANN Realty with so many under value property land in Klang and NPO Builder that have 46acres of land in petaling for only 1.89m, that means that titi kaya only valued for 85.9m and yet that is the controlling equity for brem in titi kaya. I think they are trying to wipe off the most valuable asset of brem into related parties pocket.
did not see any award announcement on any construction project ? This business segment contributes substantial revenue for Brem, how is Brem going to sustain the earning with pessimistic outlook on property segment ?
Really could not comprehend such a low level of staff cost that stand at RM 4.3 MM only for business revenue in excess of RM 100 MM.. I must be missing something or this is blatant exploitation of cheap labor .. chinese company really suck!
The sale of 1.24 hectars of land in mukim batu, KL for RM 80 MM last year is a big winner. This land was acquired less than RM 20/sqft yet but sold at RM 185/sqft..
This company is merely valued at RM307 mil only @ 89 sen/share. To know how undervalued the company is, one has to look at some of its land bank in Klang stated in its annual report. For example, it has a 109 acres of freehold development land valued at RM204,000 only!!! No typo here. Many of its development land plots are way undervalued based on its annual report.
However, this is a counter to be kept for next generation as the current management team is kind of sleeping & not dynamic enough to unlock the value of its good land bank at a faster pace. If the management team is not capable of managing a few more projects at the same time, they should at least monetize a few cheap land bank to unlock the true value of the company and settle all the bank borrowings instead of incurring interest expense unnecessarily. Not declaring any cash dividend for FY 3/2016 is obviously not welcome by its long term loyal & retiree shareholders.
This counter will fly if there is a new and more dynamic team to take over the management.
Residensi Prima Harmoni 2 comprises 598 residential units and is spread across 7.2 acres of freehold land in one of Kuala Lumpur’s most sought-after addresses. Units sport spacious built-up sizes ranging from 1,157 sq ft to 2,942 sq ft consisting of 3 – 4 bedrooms and 2 – 6 bathrooms. With 7 design options to choose from, eligible buyers get to enjoy modern layout designs that ooze luxury and style. The homes offer a panoramic view of the surroundings and the city scape.
Priced from RM671,060 to RM1,746,360, Residensi Prima Harmoni 2 is targeted at professionals, families and investors. Launched in January 2015, the development is scheduled for completion in 2019. The developer is offering eligible buyers attractive packages, which include a 5% to 8% Bumiputera discount.
Prospects The on-going construction works will contribute positively to the performance of the Group for the financial year ending 31 March 2017. The property market is expected to improve for the remaining financial year ending 31 March 2017. It is expected that there will be stable revenue and profit derived from water supply and services sector. For the property investment and investment holding sector, the rental receivable in Kepong Brem Mall is expected to continue contribute positively to the results of the Group
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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....
lching
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Posted by lching > 2014-09-30 14:37 | Report Abuse
why suddenly jump up?