HO HUP CONSTRUCTION COMPANY

KLSE (MYR): HOHUP (5169)

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Last Price

0.14

Today's Change

+0.005 (3.70%)

Day's Change

0.135 - 0.14

Trading Volume

104,100

Price Target

A price target is an analyst's projection of a share's future price. 

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

0.14

Avg Target Price

0.84

Upside/Downside

+0.70 (500.00%)

Price Call

0

SELL

0

HOLD

0

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
13 people like this. Showing 50 of 5,576 comments

Good123

Expecting to surge

Market Depth
Best Buy
Position

Price

Volume

Orders

1

0.14

117,000

3

2

0.135

410,000

8

3

0.13

873,000

16

4

0.125

271,000

5

5

0.12

1,155,000

7

Best Sell
Position

Price

Volume

Orders

1

0.14

10,000

1

2

0.15

93,000

5

3

0.155

30,000

1

4

0.16

120,000

3

5

0.165

100,000

2

1 day ago

Good123

Yg desperate to jual, dah jual yesterday, hari in strong rebound expected. Let's see yah

1 day ago

Noni

Habis dah

1 day ago

Good123

Buat duit yah :)

Ho Hup Construction Company Berhad is currently involved in several ongoing projects. Here are some of the notable ones:

- **Rehabilitation works along Sungai Besut**: Ho Hup, through its joint venture DSE-HH JV, has been awarded a contract worth **RM221.4 million** for rehabilitation works along Sungai Besut, Terengganu. This project includes constructing a breakwater, revetment, silt curtain, beach nourishment, and other associated works¹.

- **Infrastructure Projects**: Ho Hup has secured two ECRL railway projects for Section 6 totaling **RM102 million** as part of its mission to expand its Infrastructure division².

- **Trans Eastern Kedah Interland Highway**: The group’s ongoing job on the Trans Eastern Kedah Interland Highway is valued at **RM230 million**³.

These projects reflect Ho Hup's continued commitment to infrastructure development and its role in significant construction initiatives in Malaysia.

1 day ago

Good123

Ho Hup Construction Company Berhad is involved in a wide range of projects that showcase its capabilities in various sectors. Here are some additional projects they are known for:

- **Property Development**: Ho Hup is actively engaged in property development, with projects like **Flex SOVO @ Bukit Jalil** and **Laman Iskandaria @ Kulai**².

- **Major Infrastructure**: The company has been involved in national projects such as the **Petronas Twin Towers**, **National Sports Complex**, **Kuala Lumpur International Airport (KLIA)**, **Light Rail Transit System (LRT)**, and the **Malaysia–Singapore Second Crossing**².

- **International Presence**: Ho Hup has completed international projects through its subsidiaries in countries like **India**, **Madagascar**, **Mauritius**, **China**, **South Africa**, **Thailand**, and **Indonesia**².

- **Historical Contributions**: They have contributed to the construction of high-rise intelligent buildings, stadiums, airports, highways & bridges, railways & light rapid transit, offshore marine works, oil & gas works, and commercial building development².

These projects demonstrate Ho Hup's extensive experience and its role as a significant player in the construction and civil engineering sectors, both locally and internationally.

1 day ago

Good123

Banyak projek yg cun termasuk di kk sabah, check it guys :)

www.hohupgroup.com.my/

1 day ago

Good123

Volatility creates trading opportunities. Sekejap je dah balik 14sen kini

1 day ago

Good123

1m shares++ traded. Big fight hari ni

1 day ago

Good123

mau memecut dah :)



Time Price Chg Vol
09:24:56 0.140 1,100
09:24:23 0.140 +0.005 20,000
09:18:04 0.135 207,000
09:18:04 0.135 +0.005 200,000

1 day ago

Good123

HO HUP CONSTRUCTION COMPANY BHD KLSE Summary
Main Market : Construction
0.140
0.000 (0.0%)
Open
0.140
High
0.140
Low
0.130
Volume
1,289,100
T-O
0.140

1 day ago

Good123

NTA 0.6600
P/B 0.21
RPS 36.15
PSR 0.39
Market Cap 72.6M
Shares (mil) 518.26

RSI(14) Neutral 33.1
Stochastic(14) Oversold 11.1
Average Volume (3M) 1,071,400
Relative Volume 1.2

1 day ago

Good123

It could be like cypark, wait n see

1 day ago

Ron90

wah!..revenue drop so LOW, to 15m only..especially from construction and property (drop kaw-kaw)..so bad.. with current environment, become worst.. hutang over 500m for a 70m company?

1 day ago

Good123

ready buyers, below 14sen, sapu bersih.... waiting for it to go up... nothing else it seems

1 day ago

Good123

weighted average price, these buyers are expected to buy in stages on the way up :)

1 day ago

Good123

look like similar modus operandi :)
enjoy!

30-days Price
Date Price Open High Low Volume
2024-04-15 0.140 0.160 0.160 0.140 4,630,000
2024-04-12 0.165 0.165 0.165 0.160 341,000
2024-04-09 0.170 0.165 0.170 0.165 380,200
2024-04-08 0.170 0.170 0.170 0.170 110,000
2024-04-05 0.170 0.170 0.175 0.170 560,500
2024-04-04 0.170 0.170 0.175 0.170 311,900
2024-04-03 0.175 0.180 0.180 0.170 825,200
2024-04-02 0.180 0.180 0.180 0.175 417,500
2024-04-01 0.180 0.185 0.185 0.180 431,900
2024-03-29 0.185 0.195 0.195 0.180 584,500
2024-03-27 0.195 0.175 0.195 0.170 1,051,300
2024-03-26 0.175 0.190 0.190 0.175 583,800
2024-03-25 0.190 0.205 0.220 0.190 3,014,100
2024-03-22 0.190 0.180 0.190 0.170 2,744,000
2024-03-21 0.175 0.175 0.185 0.165 3,187,000
2024-03-20 0.175 0.155 0.180 0.155 8,634,900
2024-03-19 0.150 0.140 0.150 0.130 9,045,900
2024-03-18 0.135 0.125 0.135 0.120 6,905,900
2024-03-15 0.125 0.155 0.155 0.125 6,236,600
2024-03-14 0.155 0.155 0.160 0.155 511,700

1 day ago

Good123

i think these major buyers or operators would absorb all these shares at lelong prices now and then sudden surge in volume and price thereafter. wait n see, opportunity for traders kot? hehe

1 day ago

Good123

Ho hup's nice project in KK, Sabah... suit those who wanted to avoid peninsula or extremists in peninsula hehe

https://thecrownkk.com/en_US/site-progress/



many retirees opt for sarawak or sabah too. more united and peaceful unlike the peninsula with extremism, etc

1 day ago

Good123

Ho hup projek in Johor... good for singaporeans to retire or holiday home too :) https://lamaniskandaria.com.my/

1 day ago

Good123

hohup bukit jalil projek next to pavilion bkt jalil, lawa dan berpotensi tak terhingga... terindah :) https://flexsovo.com/

1 day ago

Good123

good4hohup projek in johor :)

Mr Liew also pointed to a Memorandum of Understanding signed by Singapore and Malaysia in January, to set up a new Johor-Singapore Special Economic Zone (SEZ) aimed at boosting cross-border economic connectivity between both countries.

If this becomes a reality, it will add to greater flows of labour between the two economies, helping to expand further economic activity and business opportunity for both Singapore and Johor, said Mr Liew.

There will also be more alternative accommodations for foreign workers if SEZ succeeds, he added.

1 day ago

Ron90

got property projects everywhere but no buyer.. end up hutang banyak lor.. unless government project like ecrl or highways,, than payment confirm.

1 day ago

Good123

Based on the track record, even in 2020, when the pandemic started, Hohup was doing very well. Now, on recovery path. Just hang on, accumulate in stages, and expect a handsome return pretty soon. Good luck! :)

31 Dec, 2020
2.32 0.000 1.0600 80.9m 9.6m 4 2020-12-31 31 Dec, 2020 2021-02-24 2.2% 15.8% 63.1% View
2.76 0.000 1.1400 68.0m 11.4m 3 2020-09-30 31 Dec, 2020 2020-11-20 2.4% 19.3% 30.1% View
3.41 0.000 1.1100 63.0m 14.1m 2 2020-06-30 31 Dec, 2020 2020-08-26 3.1% 11.2% 188.6% View
3.84 0.000 1.0900 80.3m 15.8m 1 2020-03-31 31 Dec, 2020 2020-05-28 3.5% 39% 199.1% View
31 Dec, 2019
6.30 0.000 1.0500 166.5m 26.0m 4 2019-12-31 31 Dec, 2019 2020-02-27 6.0% 59.7% 300.2% View
4.34 0.000 1.0400 104.8m 16.3m 3 2019-09-30 31 Dec, 2019 2019-11-28 4.2% 233.3% 197.5% View
1.30 0.000 1.0000 52.5m 4.9m 2 2019-06-30 31 Dec, 2019 2019-08-26 1.3% 8% 28.2% View
1.41 0.000 0.9842 42.4m 5.3m 1 2019-03-31 31 Dec, 2019 2019-05-30 1.4% 18.3% 38.7% View
31 Dec, 2018
1.73 0.000 0.9700 101.0m 6.5m 4 2018-12-31 31 Dec, 2018 2019-02-26 1.8% 18.7% 31% View
1.46 0.000 0.9500 48.8m 5.5m 3 2018-09-30 31 Dec, 2018 2018-11-29 1.5% 19.6% 26.6% View
1.81 0.000 0.9300 51.7m 6.8m 2 2018-06-30 31 Dec, 2018 2018-08-29 1.9% 21.4% 37.2% View
2.31 0.000 0.9200 58.5m 8.6m 1 2018-03-31 31 Dec, 2018 2018-05-18 2.5% 12.5% 30.3% View
31 Dec, 2017
2.64 0.000 0.9000 68.1m 9.9m 4 2017-12-31 31 Dec, 2017 2018-02-26 2.9% 32.7% 7.9% View
1.99 0.000 0.8700 42.6m 7.4m 3 2017-09-30 31 Dec, 2017 2017-11-24 2.3% 31.2% 56.7% View
2.89 0.000 0.8500 33.4m 10.8m 2 2017-06-30 31 Dec, 2017 2017-08-28 3.4% 12.7% 46.8% View
3.31 0.000 0.8200 35.5m 12.4m 1 2017-03-31 31 Dec, 2017 2017-05-19 4.0% 34.7% 35% View
31 Dec, 2016
2.62 0.000 0.8000 44.7m 9.2m 4 2016-12-31 31 Dec, 2016 2017-02-20 3.3% 46.5% 52.4% View
4.92 0.000 0.8200 70.5m 17.2m 3 2016-09-30 31 Dec, 2016 2016-11-25 6.0% 15.4% 0.5% View
5.84 0.000 0.7700 47.5m 20.3m 2 2016-06-30 31 Dec, 2016 2016-08-24 7.6% 6.6% 43.5% View
5.50 0.000 0.7200 81.1m 19.1m 1 2016-03-31 31 Dec, 2016 2016-05-23 7.6% 2.3% 5% View
31 Dec, 2015
5.63 0.000 0.6600 86.1m 19.5m 4 2015-12-31 31 Dec, 2015 2016-02-25 8.5% 12.9% 3.3% View
5.01 0.000 0.6000 62.8m 17.3m 3 2015-09-30 31 Dec, 2015 2015-11-18 8.4% 22% 6.4% View
3.84 0.000 0.5600 61.6m 14.2m 2 2015-06-30 31 Dec, 2015 2015-08-19 6.9% 29.4% 16.8% View
5.98 0.000 0.5200 88.0m 20.1m 1 2015-03-31 31 Dec, 2015 2015-05-19 11.5% 2.6% 77.6% View
31 Dec, 2014
6.64 0.000 0.4000 75.0m 20.6m 4 2014-12-31 31 Dec, 2014 2015-02-27 16.6% 11.6% 59.8% -
6.00 0.000 0.3300 95.0m 18.5m 3 2014-09-30 31 Dec, 2014 2014-11-27 18.2% 8.4% 566.5% View
6.65 0.000 0.2800 88.5m 17.0m 2 2014-06-30 31 Dec, 2014 2014-08-25 23.8% 50.7% 164.2% View
6.66 0.000 0.3000 82.4m 11.3m 1 2014-03-31 31 Dec, 2014 2014-04-24 22.2% 12.3% 2916.5% View
31 Dec, 2013
12.65 0.000 0.8100 47.8m 12.9m 4 2013-12-31 31 Dec, 2013 2014-02-27 15.6% 365.2% 6910.3% View
2.72 0.000 -0.4200 61.6m 2.8m 3 2013-09-30 31 Dec, 2013 2013-11-29 -6.5% 57% 522.1% View
6.32 0.000 -0.4400 16.7m 6.5m 2 2013-06-30 31 Dec, 2013 2013-08-20 -14.4% 1620% 171.7% View
0.37 0.000 -0.5000 23.3m 375.0k 1 2013-03-31 31 Dec, 2013 2013-05-23 -0.7% 103.8% 114.3% View

1 day ago

Good123

cantiklah hehe

Price Target
A price target is an analyst's projection of a share's future price.

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

0.14

Avg Target Price

0.84

Upside/Downside

+0.70 (500.00%)

https://klse.i3investor.com/web/stock/analysis-price-target/5169

1 day ago

Good123

www.expatgo.com › my › 2024/04/08Sabah’s MM2H Programme to Commence Next Month, State Says
Apr 7, 2024 · The Sabah-Malaysia My Second Home (Sabah-MM2H) programme, which has been teased and long-awaited for months, is poised for implementation by next month. According to Sabah’s Tourism, Culture, and Environment Minister, Datuk Christina Liew, the programme’s launch hinges on finalising necessary amendments, already greenlit by the state Cabinet.

www.thestar.com.my › news › nationSabah's Malaysia My Second Home expected to start by next month,...
Apr 7, 2024 · Sunday, 07 Apr 2024. 11:00 AM MYT. KOTA KINABALU: The much-anticipated Sabah-Malaysia My Second Home (Sabah-MM2H) programme is expected to be implemented by next


$$$$$$$$$$$$$ bantu boost property sale nya kat KK Sabah..

23 hours ago

Good123

sabah mm2h, much easier to obtain, etc. :)

Are you eligible to apply?
The MM2H programme is open to all countries recognised by Malaysia but the programme has numerous requirements.

Open to all citizens of countries recognized by Malaysia. (Except Israel regardless of race, religion and gender).
Main applicant must visit Sabah in the recent years. Sabah immigration will request entry to Sabah stamp on your passport.
Main applicant can bring along spouse and children below 18 years old. Main applicant must NOT be younger than 30 years old. If you are between 30-50 years old, it is recommended to furnish school acceptance letter or residence address to increase chance of MM2H approval.
Main applicant may be required to show proof of residence address in Sabah as supporting documents such as Sales & Purchase Agreement (Buy a house) or Tenancy Agreement (Rent a house) in Sabah.

Financial Requirements

Main applicant below and above 50 years are both required to show proof offshore income of RM10,000 per month.
Main applicant below 50 years old is required to show liquid assets worth a minimum of RM500,000 and above 50 years old is RM350,000.
Main applicant is required to open a RM150,000 fixed deposit in Sabah for those aged >50 years / RM300, 000 for those aged <50 years for 10 years after MM2H approval.
On second year, MM2H holder may withdraw up to RM50,000 for those aged >50 years / RM150,000 for those aged <50 years for approved expenses related to house purchase, car, education for children and medical purposes from Fixed Deposit.
Incentives and Benefits
Enjoy 10-years multiple entry visa, MM2H visa is renewable every 10 years.
Fast and easy approval within 3-4 months.
Low financial requirement for entry.
Main applicant can bring along spouse, children, parents, maid and pets.
Fixed deposits are under your name, entitled to earning annual bank interest. It is completely risk free.
Part of the fixed deposit can be withdrawn after 1 year if you purchase property, car, school fees or medical expenses.
Enjoy tax-free income remitted into Malaysia.
Unlimited number of property purchase.
MM2H holders are eligible to apply for bank loans up to 80% for property purchase.
MM2H program termination process is easy and fast. It can be completed within 5 working days and you can withdraw your MM2H fixed deposit.
Application Procedures
Part 1 (Document Preparation)
Schedule a Zoom meeting with SummerPlace (MM2H) Sdn. Bhd. for personalized consultation.
Sign up Sabah MM2H application and make deposit payment.
Prepare Letter of Good Conduct and other documents according to Application Checklist.
Sign relevant documents and courier to Malaysia office.
Part 2 & 3 (MM2H Submission)
Part 4 (Visa Endorsement)

https://summerplace.co/sabah-mm2h/

23 hours ago

Good123

• Corporate governance reforms are spreading in Asia; with Asian shares yet to price these in, their risk-reward proposition is extremely attractive
• Asian governments are likely to remain committed to these reforms given the strong incentives such as rising retail participation in the share markets
• Sectors across Asia that are beneficiaries of the corporate “value up” trend

18 hours ago

Good123

hohup,rebound is near. chhb ~30sen now from ~20sen :)

7 hours ago

Good123

The construction and property sector in Malaysia is expected to perform well due to several factors:

Economic Growth: The steady growth of the Malaysian economy provides a solid foundation for the expansion of the construction industry.
Government Initiatives: The Malaysian government has been actively promoting the construction industry through various projects and infrastructure programs, including roads, bridges, and public transportation systems.
Foreign Direct Investment (FDI): Malaysia’s high growth potential and strategic position have attracted significant FDI, particularly in the real estate and commercial construction sectors.
Industry Forecast: The construction market size in Malaysia was estimated at USD 35.5 billion in 2023 and is expected to reach USD 67.3 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 6.6%.
Private Sector Contribution: The private sector has emerged as a primary contributor to construction growth, with key projects including high-rise residential development, industrial projects, and data centre developments.
National Infrastructure Projects: Projects like the 5G network rollout and Mass Rapid Transit (MRT) extension are expected to boost economic growth and create jobs.
These factors combined suggest a positive outlook for the construction and property sector in Malaysia, with anticipated growth and development in the coming years.

6 hours ago

Good123

The expected rise in property prices in Kuala Lumpur, Johor, and Kota Kinabalu can be attributed to several factors:

Economic Recovery: As Malaysia recovers from the economic impacts of the pandemic, there is renewed optimism in the market, which is driving up property prices.
Government Support: The Malaysian government’s commitment to supporting property seekers and the overall market is likely to result in increased demand and higher property prices.
Interest Rates: While the Overnight Policy Rate (OPR) increases have led to higher savings rates among property seekers, this also indicates a more stable and growing economy, which can contribute to rising property prices.
Buyer Sentiment: Despite a quarter-on-quarter decline in the Sale Demand Index, there is still a rise in average listing prices for homes, indicating a cautious optimism among sellers about the market’s future trajectory.
Rental Market Strength: The strong demand in the rental market, sustained throughout 2023, suggests that the property market remains robust, which can lead to higher property values.
Affordability Challenges: High property prices and interest rates have led many individuals to turn to renting, which in turn can drive up property values as investors seek to capitalize on the strong rental demand.
These factors combined suggest that the property market in these areas is expected to see an upward trend in prices in the near future.

6 hours ago

Good123

Direct Biz transactions to-date :)

Summary from 27/05/2009 to 14/03/2024
Highest Price 1.6700 First Occurred on 30/04/2014
Lowest Price 0.1300 First Occurred on 14/03/2024
Highest Volume 21.000m First Occurred on 28/06/2011

6 hours ago

Good123

Ho Hup Construction Company Berhad was co-founded in 1960 by Mr. Low Chee. It has grown to become one of the largest companies in construction and related services in Malaysia.

As a market leader in Malaysia, Ho Hup Construction Company Berhad brings together a comprehensive range of capabilities in building, civil engineering, specialized intelligent building, trading, and related services. Ho Hup Construction Company Berhad also known as the company with a very comprehensive fleet of light and heavy modern construction equipment.

With strong roots in its local markets and through its network of subsidiaries, Ho Hup Construction Company Berhad also plays a significant role in the world market for major engineering structures, civil engineering, dredging, road building and infrastructure projects. Ho Hup Construction Company Berhad has successfully completed numerous international projects through its subsidiaries in India, Madagascar, Mauritius, China, South Africa, Thailand and Indonesia.

Locally, Ho Hup Construction Company Berhad has completed numerous projects from both the private and government sectors for high-rise intelligent buildings, stadiums, airports, highway & bridges, railways & light rapid transit, off shore marine works, oil & gas works, commercial building development, deep foundation worksand many more.

Ho Hup Construction Company Berhad is known as the company with vast involvement in national projects namely the Petronas Twin Towers, National Sports Complex, Kuala Lumpur International Airport (KLIA), Light Rail Transit System (LRT), Malaysia –Singapore second crossing and major highways. “Our Projects” page highlights the details of work executed at the projects of which have contributed in shaping our history.

On 25th February 1991, Ho Hup Construction Company Berhad gained access to the main board of Bursa Malaysia through an Initial Public Offering (IPO). This significant step has led to greater access to market share and the birth of the name of Ho Hup Construction Company Berhad.

The company underwent a major transformation in 2009 and to date, the Group’s spectrum of activities now consist of three main divisions namely; property development, construction & civil engineering works and ready mix.
OUR VISION
To be a reputable property development & construction company delivering sustainable products and services that enrich and improve the living standards of our customers and the community.
OUR MISSION
• To employ cost effective methods without compromising on quality considerations
• To provide a safe work environment and improve the livelihood of our employees
• To enhance long term stakeholders returns

6 hours ago

Good123

BOARD OF DIRECTORS
Tan Sri Datuk Seri (DR) Mazlan Bin Lazim
Chairman/Senior Independent Non-Executive Director

Profiles
Dato’ Sri Chee Hong Leong
Chief Executive Officer

Profiles
Dato' Wong Kit-Leong
Executive Director

Profiles
Dato' Wong Gian Kui
Executive Director

Profiles
Datin Chan Bee Leng
Non-Independent Non-Executive Director

Profiles
Mr. Low Kheng Lun
Non-Independent Non-Executive Director

Profiles
Mr. Thevanaigam Rajan Chitty
Independent Non-Executive Director

Profiles
Mr. Danny Hoe Kam Thong
Independent Non-Executive Director

6 hours ago

Good123

AUDIT COMMITTEE
Mr. Thevanaigam Rajan Chitty (Chairman)

Tan Sri Datuk Seri (DR) Mazlan Bin Lazim

Mr. Danny Hoe Kam Thong

NOMINATION COMMITTEE
Mr. Danny Hoe Kam Thong (Chairman)

Tan Sri Datuk Seri (DR) Mazlan Bin Lazim

Mr. Thevanaigam Rajan Chitty

REMUNERATION COMITTEE
Tan Sri Datuk Seri (DR) Mazlan Bin Lazim

Mr. Danny Hoe Kam Thong

EXECUTIVE COMMITTEE
Mr. Monteiro Gerard Clair (Chairman)

Dato’ Sri Chee Hong Leong

Dato’ Wong Kit-Leong

Dato’ Wong Gian Kui

6 hours ago

Good123

PRINCIPAL BANKERS
Ambank (M) Berhad
Hong Leong Bank Berhad
Bank Pembangunan Malaysia Berhad
Sabah Development Bank Berhad

6 hours ago

Good123

accumulate if u have holding power :)

During the first quarter of 2024, resilient economic data propelled global equities, with the MSCI World rising 8.5%. Developed market equities, particularly in the US, Europe and Japan, performed strongly, while emerging market equities underperformed amid concerns over China's growth. Meanwhile, there remains a positive return for India, albeit at a slower pace. In Malaysia, the market saw a recovery with a +5.6% increase this year, reversing the 2.7% decline experienced in 2023. All sectors showed gains year-to-date as of March 2024, with Utilities, Property, Energy, and Construction leading the way, while Tech and Healthcare sectors lagged behind

5 hours ago

Good123

KUALA LUMPUR: Bursa Malaysia opened marginally higher as bargain hunters pushed stocks up after knee jerk selling yesterday.

At 9.11am, FTSE Bursa Malaysia (FBM) KLCI was up 0.14 per cent or 2.22 points to 1,537.22 versus Tuesday's close of 1,535.

5 hours ago

Good123

volatility in the short term is a chance to make money in the medium or long term

5 hours ago

Good123

Listed On Main Market
Sector
Construction
Sub-Sector:
Construction
Share Issued:
518.260m
Market Cap: RM69.965m
Entitlement-Syariah Yes

5 hours ago

Good123

insider ada beli... yakin. add to portfolio for 1-3 years..

Friday, 22 Mar 2024
5:16PM
HOHUP LEE FOOK YUEN (1,715,100 units Acquired)

4 hours ago

Good123

currently, greatly oversold, nanti, overbought balik hehe

RSI(14) Neutral 31.6
Stochastic(14) Oversold 7.7
Average Volume (3M) 1,084,100
Relative Volume 0.1

4 hours ago

Good123

accumulate on share price weakness :)

4 hours ago

Good123



KUALA LUMPUR: Better prospects for the local bourse in 2024 will foster a more conducive environment for initial public offerings (IPO) this year, especially from among small and medium enterprises (SMEs).

Mohd Sedek Jantan, the head of wealth research and advisory and designated portfolio manager at UOB Kay Hian Wealth Advisors, said the barometer index is anticipated to perform positively this year, projecting the index to reach 1,605 points.

He noted that the Malaysian stock market displayed a positive trajectory in the first quarter of 2024 with the FBM KLCI index ending at 1,536.07, up 5.60 per cent. An upward trend was sustained throughout the quarter, with the index reaching its peak at 1,558, underpinned by a resilient domestic economy and effective policy implementation.

Other key factors driving this growth included appealing valuations, high dividend yields, and a depreciation in ringgit, which attracted additional investments.

"The correlation between initial public offerings (IPOs) and market indices can be intricate. Generally, positive market indices, indicative of investor confidence and economic health, can foster a conducive environment for IPOs," he told Bernama.

He said that given the market's anticipation of forthcoming rate cuts, the upward trajectory will likely persist.

"Small and mid-cap stocks may serve as indicators of growth or value," he continued. "However, it's important to note that the IPO performance is influenced not only by broader market conditions but also by individual company prospects and macroeconomic factors at the time of the IPO."

Therefore, Sedek said companies which want to do an IPO must be prepared to navigate through transient market windows and potential shifts in valuations, adding that the post-listing performance will serve as a crucial gauge of success.

Mohd Sedek said despite a subdued market in the first quarter, Malaysia and Indonesia remain prominent destinations for IPO issuers in the region. Nine IPOs were listed on Bursa Malaysia, comprising eight in the ACE Market and Prolintas Infra Business Trust in the Main Market.

Overall, the Asean region saw 38 IPOs, raising US$1.0 billion. This marked a decline of 27 per cent in the number of IPOs and a 31 per cent fall in proceeds.

He also reckons that the move to expedite to three months for new applications received from March 1 for the Main Market and ACE Market demonstrates a strategic initiative to simplify and accelerate the listing process, which will have positive effects in multiple areas.

"This development is set to stimulate market activity, fostering increased investor confidence in the strength of our regulatory framework and market transparency. In addition, the accelerated approval process can help boost economic growth by making it easier for companies to access capital quickly," he said.

This, in turn, allows them to pursue expansion projects, encourage innovation, and create more job opportunities.

"This initiative competitively positions Malaysia, potentially making it a preferred choice for companies considering public listings in the region.

"The simplification of IPO approvals creates a more dynamic and flexible capital market environment that promotes effective capital allocation and investment decision-making," he added.

In 2023, IPO issuances improved to RM3.6 billion from 2022's RM3.5 billion via the listing of 32 companies.

The benchmark FBM KLCI declined by 2.7 per cent last year, ending at 1,454,66. - Bernama

3 hours ago

Good123

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He said that given the market's anticipation of forthcoming rate cuts, the upward trajectory will likely persist.

"Small and mid-cap stocks may serve as indicators of growth or value," he continued.

3 hours ago

Good123

We need multiple transportation options. We are also working with Handal Indah to ensure a seamless connection for Johoreans,” he said in a press conference after the inaugural ceremony of the first cross-border electric bus here on Tuesday (April 16).

Onn Hafiz said this was one of the steps the state government was taking to address congestion issues in Johor, especially after the Rapid Transit Link (RTS) between Johor Baru and Singapore had been completed.

1 hour ago

Good123

The prices of properties in **Johor** have the potential to rise due to several factors:

1. **Rapid Transit System (RTS) Link Development**:
- The **RTS Link**, which is slated for completion by the end of **2026**, is a significant catalyst for Johor's property market. It enhances connectivity with Singapore and revitalizes the local property market, especially in **Johor Bahru**.
- As the RTS Link reached **50% completion in April 2023**, the demand index for residential properties in Johor Bahru increased by **17%**⁶.
- The improved transportation infrastructure is expected to attract more buyers and investors, potentially driving property prices upward.

2. **Decrease in Overhang Properties**:
- Johor has grappled with a significant overhang issue in its residential property market, but recent trends show improvement.
- According to the **National Property Information Centre (NAPIC)**, Johor's overhang fell by **19.6%** from **5,258 units in 2022 to 4,228 units in 2023**⁶.
- This reduction in unsold properties indicates a healthier market and may contribute to price stability and growth.

3. **Positive Economic Initiatives**:
- Johor's transformation efforts, including the designation of **Forest City** as a special financial zone (SFZ), the proposed **Johor-Singapore Special Economic Zone (SEZ)**, and the potential revival of the **Kuala Lumpur-Singapore high-speed rail (HSR)**, have boosted property demand and enhanced values⁶.
- These initiatives create investor confidence and attract buyers, potentially leading to price appreciation.

4. **Proximity to RTS Stations**:
- Properties located near RTS stations are likely to experience increased demand due to improved accessibility to Singapore.
- Buyers may seek properties close to the **Bukit Chagar station** (next to the JB checkpoint) and the underground **Woodlands North station** in Singapore.

5. **Gross Rental Yield**:
- Johor's gross rental yield of **6.25%** surpasses the national average of **5.16%**⁶.
- Favorable rental yields can attract investors and contribute to property price growth.

In summary, the combination of transportation infrastructure development, reduced overhang, positive economic initiatives, and attractive rental yields positions Johor's property market for potential price appreciation in the coming years. 🏡📈

1 hour ago

Good123

The potential for property prices in Kota Kinabalu to rise can be attributed to several factors:

1. **Economic Growth**:
- Kota Kinabalu, as the capital of Sabah, is experiencing ongoing economic development which can lead to increased demand for properties.
- Economic initiatives and investments in the region can boost job opportunities, attracting more residents and increasing the need for housing.

2. **Tourism**:
- As a popular tourist destination, Kota Kinabalu's property market can benefit from the tourism sector.
- Properties may be sought after for short-term rentals or as vacation homes, driving up prices.

3. **Urbanization**:
- The city's continuous urbanization leads to the development of new residential and commercial areas.
- This urban expansion can result in higher property values, especially in well-developed and accessible areas.

4. **Infrastructure Development**:
- Improvements in infrastructure, such as roads, public transportation, and amenities, can make certain areas more desirable.
- Properties in well-connected areas, or those slated for future development, may see an increase in value.

5. **Supply and Demand**:
- The balance between the available property supply and buyer demand significantly affects prices.
- If demand outpaces supply, especially in prime locations, property prices are likely to rise.

6. **Interest Rates**:
- Lower interest rates can make mortgages more affordable, increasing the number of potential buyers and investors.
- This increased buying power can lead to higher property prices due to greater competition for available properties.

7. **Market Sentiment**:
- Positive market sentiment can encourage more transactions and investment in the property market.
- When buyers and investors are optimistic about the market's future, they are more willing to pay higher prices.

🏠📊

1 hour ago

Good123

The potential rise in property prices in **Bukit Jalil** can be attributed to a combination of factors, including:

1. **Economic Growth and Urbanization**:
- Bukit Jalil has undergone significant transformation from a former rubber plantation estate to a thriving urban area. This urbanization has created opportunities for suburbs within the Klang Valley, and the growth of the population in the capital city is likely to have a spillover effect on the surrounding neighborhoods¹.
- The area has seen an increase in business establishments and educational institutions, which has, in turn, increased the student population and working professionals in the area¹.

2. **New Developments**:
- There is a second wave of development in Bukit Jalil, including a mixed-use project comprising serviced apartments, shop offices, office towers, retail malls, and hotels. This project is expected to be built over 20 years with an estimated gross development value of RM21 billion⁴.

3. **Rising Demand for Commercial Properties**:
- The demand for commercial properties in Bukit Jalil has been vibrant in the last few years. This rising commercial segment suggests a firm demand for developments in the area⁵.

4. **Connectivity**:
- Bukit Jalil is well connected by a synergy of roads, highways, and public transport, making it an attractive location for residents and investors alike².

5. **Population Growth**:
- The area is recognized as a new growth area in the south of Kuala Lumpur, with a fast-growing population². This increase in population can lead to higher demand for residential properties.

These factors, combined with the general market sentiment and economic conditions, can contribute to the potential rise in property prices in Bukit Jalil. 🏠📈

1 hour ago

Good123

Ho Hup Construction Company Berhad's growth can be attributed to several factors, despite facing some challenges:

1. **Reinvestment for Growth**: The company has been reinvesting its profits into the business, which is a common strategy for long-term growth. This reinvestment has led to higher sales and could potentially result in increased returns on capital employed (ROCE) in the future¹.

2. **Expansion of Operations**: Ho Hup has a significant presence in local markets and is involved in major engineering structures, civil engineering, dredging, road building, and infrastructure projects, which may contribute to its growth³.

3. **Market Position**: Despite a decrease in ROCE in recent years, the company's market position and the scale of its operations have expanded, indicating a focus on growth and market penetration¹.

4. **Industry Average**: The company's ROCE is around the average for the construction industry, which suggests it is maintaining a competitive position within its sector¹.

5. **Stock Performance**: There is an opportunity for investors as the stock has declined in the last five years, which could indicate a potential undervaluation if the company's growth strategies pay off¹.

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1 hour ago

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