COUNTRY HEIGHTS HOLDINGS BHD

KLSE (MYR): CHHB (5738)

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Last Price

0.20

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0

Financial
Market Cap

Market Cap

65 Million

NOSH

326 Million

Latest Quarter

Latest Quarter

30-Sep-2024 [#0]

Announcement Date

02-Dec-2024

Next Quarter

31-Dec-2024

Est. Ann. Date

07-Mar-2025

Est. Ann. Due Date

01-Mar-2025

QoQ | YoY

400.08% | 369.95%

T4Q Result

Revenue | NP to SH

56,650.000 | -90,887.000

RPS | P/RPS

17.39 Cent | 1.15

EPS | P/E | EY

-27.90 Cent | -0.72 | -139.49%

DPS | DY | Payout %

0.00 Cent | 0.00% | 0.00%

NAPS | P/NAPS

1.90 | 0.10

QoQ | YoY

18.39% | -9.53%

NP Margin | ROE

-159.04% | -14.65%

F.Y. | Ann. Date

30-Sep-2024 | 02-Dec-2024

Latest Audited Result

Latest Audited Result

31-Dec-2023

Announcement Date

30-Apr-2024

Next Audited Result

31-Dec-2024

Est. Ann. Date

30-Apr-2025

Est. Ann. Due Date

29-Jun-2025

Annual (Unaudited)

Revenue | NP to SH

51,085.000 | -110,935.000

RPS | P/RPS

15.68 Cent | 1.28

EPS | P/E | EY

-34.05 Cent | -0.59 | -170.26%

DPS | DY | Payout %

0.00 Cent | 0.00% | 0.00%

NAPS | P/NAPS

1.90 | 0.11

YoY

-35.9%

NP Margin | ROE

-212.28% | -17.89%

F.Y. | Ann. Date

31-Dec-2023 | 07-Mar-2024

Annualized Result

Revenue | NP to SH

259,716.000 | 33,630.000

RPS | P/RPS

79.72 Cent | 0.25

EPS | P/E | EY

10.32 Cent | 1.94 | 51.61%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

275.34% | 271.69%

NP Margin | ROE

8.98% | 5.42%

F.Y. | Ann. Date

30-Sep-2024 | 02-Dec-2024

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 1 / 4 25.00% 1 / 8 12.50%
Total Positive Profit Years 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Positive Profit 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Profit Growth 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Adjusted EPS Growth 1 / 4 25.00% 1 / 8 12.50%
Total Dividend Years 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE -3.67% -3.26%
Average Net Profit Margin -178.89% -185.06%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 1 / 5 20.00% 1 / 10 10.00%
Total Positive Profit Years 1 / 5 20.00% 3 / 10 30.00%
Continuous Quarters Of Positive Profit 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Profit Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 5 0.00% 0 / 10 0.00%
Total Dividend Years 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Dividend 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE -7.46% -3.03%
Average Net Profit Margin -114.24% -53.75%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 56,650 259,716 51,085 99,946 65,300
NP to SH -90,887 33,630 -110,935 -19,466 -51,668
Dividend 0 0 0 0 0
Adjusted EPS -27.90 10.32 -34.05 -6.52 -17.32
Adjusted DPS 0.00 0.00 0.00 0.00 0.00

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 59.52% 31.00% 14.75% 34.82% 40.84%
NP to Owner 400.08% 369.95% 138.15% 165.78% 168.77%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adjusted EPS 400.08% 369.95% 138.15% 165.78% 168.77%
Adjusted DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 10.89% -13.25% -43.32% 408.40% 297.72% 159.86% 11.43% -21.77% -48.89%
NP to Owner 18.07% -75.91% -366.88% 130.32% 165.09% 272.76% -35.90% -114.71% -469.87%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Adjusted EPS 18.08% -75.88% -366.82% 130.32% 165.09% 272.76% -35.90% -114.71% -469.87%
Adjusted DPS 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
4 people like this. Showing 50 of 1,898 comments

alienbiru

time to turn green?

2024-04-09 17:42

ocbc

Fantasic view of CHHB's land , this smart guy will have to buy a unit from developer
https://www.youtube.com/watch?v=Ho_iLlz3TWg

2024-06-19 18:48

ocbc

This CHHB land itself market values at 450 million for sale now, who is bidding to taking over ? Ecoworld ? Sunway or international bidders ?? Cheers !

2024-06-21 13:46

curiousq

today, lee kim teong no pok kai

2024-07-09 16:54

rogers123

Up Up Up

2024-07-10 12:36

hoowk77

sell sell sell

2024-07-10 12:39

ocbc

be greedy when everyone is fearful.

2024-07-11 10:24

confidential

NTA 2.07...easily goreng to rm1? Let's see...

2024-07-11 14:26

Buayabuster

Selll n run at 42c

2024-07-11 14:49

YieldSeeker

Turning profits in the next q ?

2024-07-25 09:00

alienbiru

sel sell sellll

2024-07-25 17:34

hoowk77

at this current price, buy buy buy

2024-07-30 12:34

YieldSeeker

I think wait a bit longer and buy ..

2024-08-01 18:44

flydelta

worst..many up, this counter is retired.

2024-08-07 11:16

rockwork1

20 sen is coming, u dare to buy?

2024-08-08 15:16

YieldSeeker

If got extra money, I dare 😆

2024-08-12 16:13

koyokui

Buy back. Matter resolved

2024-09-10 22:08

Ahmad Cendana

Since this company is trying to consolidate and rebuild, I'd like to suggest changing its display name to something more attractive. Ask people what "CHHB" is and most likely you'd draw a blank. Likely with most at i3investor too... and these are people who follow Bursa Malaysia.

Due to length limitation, can't have it in full. But why not:
COUNTRY or, COUNTRYH or, CHEIGHTS or "something else".
Instead of CHHB which is so anonymous.

2024-09-11 08:38

hoowk77

buy buy buy

2024-10-03 12:59

hoowk77

private placement at 0.26, buy now at 15% cheaper. good deal

2024-10-09 13:26

alienbiru

nxt resistancce 0.26

2024-10-28 17:15

curiousq

he Group recorded total revenue of RM19.1 million in the current quarter ended 30 September 2024 as compared to RM14.6 million in the preceding year corresponding quarter ended 30 September 2023. The increase of revenue mainly contributed by the sale of completed property from Belezza Phase 3 Project and a sale of land amounting to RM4 million during the current quarter ended 30 September 2024.

The Group recorded profit before tax of RM15.2 million for the current quarter ended 30 September 2024 as compared to RM4.6 million loss before tax in the preceding year corresponding quarter ended 30 September 2023. This was mainly due to the disposal gain of a wholly-owed subsidiary company, Magnitude Knight (M) Sdn Bhd, amounting to RM6.8 million and a sale of land amounting to RM3.9 million during the current quarter ended 30 September 2024.

2 months ago

koyokui

Buy. Qr profit after long time

2 months ago

flydelta

no action, no show..

2 months ago

curiousq

lee kim tiong still can;t wake up after pokkai

2 months ago

alienbiru

ok cutloss first byebye

2 months ago

Good123

keep some, dah profitable semula

5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD
Consolidated results for the financial period ended 30/09/2024 (Amended)
Quarter: Others
Financial Year End: 30/06/2025
Report Status: Unaudited
Submitted By:
3 Months 3 Months 3 Months 3 Months
01/07/2024 to 30/09/2024 01/07/2023 to 30/09/2023 01/07/2024 to 30/09/2024 01/07/2023 to 30/09/2023
RM '000 RM '000 RM '000 RM '000
1 Revenue 19,094 14,576 43,286 37,721
2 Profit/Loss Before Tax 15,173 (4,633) 4,923 (13,531)
3 Profit/(loss) attributable to ordinary equity holders of the parent 14,947 (5,537) 5,605 (14,691)
4 Net Profit/Loss For The Period 14,666 (5,198) 3,887 (14,461)
5 Basic Earnings/Loss Per Shares (sen) 5.01 (1.85) 1.88 (4.90)
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) 2.0800 2.0700
Remarks:

The Company has changed its financial year end from 31 December to 30 June
as announced on 22 November 2024. The next financial year end of the Company
will be 30 June 2025 covering a period of 18 months.This amended announcement
is made to refect the financial year end of the Company as 30 June 2025 instead
of 31 December 2024 as stated in the financial results announcement released on
28 November 2024.
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


03/12/2024 07:00 AM


Ref Code: 202412033100015

4 weeks ago

Good123

Country Heights Holdings Berhad (CHHB) is a Malaysian conglomerate founded on May 10, 1984, by Tan Sri Lee Kim Yew. Initially focusing on property development, the company has diversified into various sectors, including hospitality, wellness, lifestyle, tourism, and investments.

CHHB is renowned for several notable projects:

Mines Wellness City: A transformation of the world's largest open-cast tin mine into a sprawling resort city, featuring the Mines Resort & Golf Club and the Palace of the Golden Horses hotel.

Borneo Highlands Resort: An eco-friendly resort in Sarawak, Malaysia, known for its natural beauty and the Hornbill Golf & Jungle Club, which won the CNBC Award for Best Golf Development Malaysia in 2008.


In addition to property development, CHHB has expanded into:

Healthcare & Wellness: Through the Golden Horses Health Sanctuary (GHHS) Healthcare, established in 2001, offering preventive health screening services within a resort setting.

Blockchain & Finance: In 2021, the company ventured into digital finance with the establishment of Golden Horse Digital Investment Bank Ltd (GHDIB), a fully licensed digital investment bank offering a range of financial services.


CHHB is listed on the Main Market of Bursa Malaysia under the stock code 5738.KL.

For more detailed information, you can visit their official website:

3 weeks ago

Good123

Country Heights Holdings Berhad (CHHB) has the potential for a rebound, depending on several factors, including its strategic direction, financial health, and market conditions. Here are some reasons why it could rebound:

1. Diversified Business Portfolio

CHHB is involved in multiple sectors, including property, hospitality, wellness, and digital finance, which provides resilience against sector-specific downturns.


2. Strategic Assets

Iconic properties like Mines Wellness City and the Palace of the Golden Horses are strong assets with significant brand recognition. Efforts to maximize their value could drive growth.


3. Digital Finance Ventures

The establishment of Golden Horse Digital Investment Bank aligns with the growing interest in digital banking and blockchain, positioning CHHB for future growth in the fintech sector.


4. Potential Market Recovery

If Malaysia's property and tourism markets continue to recover post-pandemic, CHHB could benefit from increased demand for its properties and hospitality services.


5. Support from Government Initiatives

Government efforts to stimulate economic recovery and promote digital transformation might create opportunities for CHHB.


6. Management Initiatives

Leadership changes, restructuring, or cost optimization could improve the company’s financial performance and market confidence.


Key Considerations

Debt Levels: CHHB's financial health, particularly its ability to manage debt, will be crucial for a rebound.

Investor Sentiment: Positive news, strong earnings, or strategic partnerships can boost investor confidence.

Macroeconomic Factors: Interest rates, inflation, and global economic trends could influence its performance.


If CHHB executes its strategies effectively and capitalizes on growth sectors, it has the potential to rebound.

3 weeks ago

Good123

If Country Heights Holdings Berhad (CHHB) has significant landbank assets that have not been revalued, it could present a hidden value that the market has not yet fully recognized. Here’s how this factor could contribute to the company's potential rebound:


---

1. Unlocking Hidden Value

Undervalued Assets: If the landbank is carried at historical cost on the balance sheet, the actual market value could be significantly higher due to appreciation over time.

Catalyst for Revaluation: Revaluing the landbank to reflect current market prices could boost CHHB’s net asset value (NAV) and attract investor interest.



---

2. Strategic Development Potential

Prime Locations: If the landbank includes properties in high-demand areas, CHHB could capitalize by developing them or selling them at a premium.

Joint Ventures: Partnering with other developers to unlock the value of these lands could create steady revenue streams.



---

3. Leverage for Fundraising

Collateral for Financing: Higher land values can enhance borrowing capacity, allowing CHHB to finance new projects or restructure existing debts.

Asset Monetization: Selling non-core landbank assets could generate cash flow for growth or debt reduction.



---

4. Enhanced Market Perception

Improved Valuation Metrics: Revaluation can improve key financial metrics like price-to-book ratio, attracting long-term investors.

Increased Transparency: Providing updated land values can bolster investor confidence in the company’s management and strategy.



---

Challenges

Regulatory and Accounting Standards: The revaluation process must comply with accounting and regulatory requirements, which can be complex and time-consuming.

Market Timing: Selling or developing the landbank should align with favorable market conditions to maximize returns.



---

Potential Impact on Stock Price

A revaluation or monetization of CHHB’s landbank could significantly enhance shareholder value, making it a strong rebound candidate. However, the market must be made aware of these hidden assets through clear communication and strategic initiatives.


3 weeks ago

curiousq

Reference is made to the earlier announcements dated 21 July 2023, 2 August 2023, 17 January 2024, 7 February 2024, 17 July 2024, 31 July 2024 and 5 August 2024.

On behalf of the Board, TA Securities wishes to announce that the Board had on even date (“Price-fixing Date”) fixed the issue price for the Private Placement at RM0.19 per Placement Share (“Issue Price”).

The Issue Price represents a discount of 9.70% to the 5-day VWAP of CHHB Shares up to and including 15 January 2025 of RM0.2104, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 16 January 2025.

3 weeks ago

Good123

As of January 21, 2025, Mr. Tang Kiah Ming holds a direct interest of 26,653,600 ordinary shares in Country Heights Holdings Berhad (CHHB), representing 8.264% of the company’s total shares. This significant acquisition was primarily through a private placement of 20,000,000 shares on the same date, supplemented by previous market transactions.

Despite extensive research, detailed public information about Mr. Tang Kiah Ming’s professional background and affiliations is limited. Notably, he is listed among the top shareholders of CHHB, holding 3,000,000 shares, which accounts for approximately 0.98% of the company. 

CHHB, established in 1984, is a prominent Malaysian property development conglomerate. The company is renowned for transformative projects such as the Mines Resort City, which converted the world’s largest open-cast tin mine into a world-class resort. Their diverse portfolio spans property development, hospitality, healthcare, and more. 

In recent developments, CHHB has faced financial challenges, including a default on Islamic term financing facilities totaling RM181.1 million as of August 2024. The company attributed this to cash flow constraints arising from delays in client payments. 

Given Mr. Tang’s substantial investment during this period, it suggests a strategic move to capitalize on potential recovery and growth opportunities within CHHB. However, without more comprehensive public information, further insights into his specific motivations or future plans remain speculative.

5 days ago

Good123

Net assets per share rm2.08, if issue with bank resolved; pb value 0.3 pun ada 62sen+++ worth taking calculated risk? Tanya mr tang dia insider hehe

5 days ago

Good123

Dah untung balik, runding dengan bank, sure ok.. Mau wang je. Chhb juga boleh jual aset/subsi etc. Biz modelnya kembali profitable tahniah yay🙇😻🙅
5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD
Quarterly rpt on consolidated results for the financial period ended 30/09/2024
Quarter: 3rd Quarter
Financial Year End: 31/12/2024
Report Status: Unaudited
Submitted By:
Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
30/09/2024 30/09/2023 30/09/2024 30/09/2023
RM '000 RM '000 RM '000 RM '000
1 Revenue 19,094 14,576 43,286 37,721
2 Profit/Loss Before Tax 15,173 -4,633 4,923 -13,531
3 Profit/(loss) attributable to ordinary equity holders of the parent 14,947 -5,537 5,605 -14,691
4 Net Profit/Loss For The Period 14,666 -5,198 3,887 -14,461
5 Basic Earnings/Loss Per Shares (sen) 5.01 -1.85 1.88 -4.90
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) 2.0800 2.0700
Remarks:
The Company has changed its financial year end from 31 December to 30 June
as announced on 22 November 2024. The next financial year end of the Company
will be 30 June 2025 covering a period of 18 months.
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

28/11/2024 07:00 AM


Ref Code: 202411283100688

5 days ago

Good123

buy some, better late than never :)

Using the given stock price of **RM0.205 (20.5 sen)**, let's calculate the valuation metrics.

---

### **1. Price-to-Earnings (P/E) Ratio**
\[
P/E = \frac{\text{Stock Price}}{\text{Earnings per Share (EPS)}}
\]
- **EPS (YTD 2024)** = **1.88 sen** (RM0.0188)
\[
P/E = \frac{0.205}{0.0188} = 10.91
\]
- Interpretation: At a **P/E of 10.91**, investors are paying **10.91 times** the company's earnings. This should be compared with industry peers.

---

### **2. Price-to-Book (P/B) Ratio**
\[
P/B = \frac{\text{Stock Price}}{\text{Book Value per Share (BVPS)}}
\]
- **BVPS** = **RM2.08**
\[
P/B = \frac{0.205}{2.08} = 0.0986
\]
- Interpretation: A **P/B of 0.10** means the stock is trading at only **10% of its book value**, indicating **undervaluation** based on assets.

---

### **3. Enterprise Value (EV)**
\[
EV = \text{Market Cap} + \text{Total Debt} - \text{Cash}
\]
- **Market Cap** = **Stock Price × Shares Outstanding**
\[
0.205 \times 298.25 \text{ million} = RM61.13 \text{ million}
\]
- **Debt** = RM35.44 million
- **Cash** = RM8.74 million
\[
EV = 61.13 + 35.44 - 8.74 = RM87.83 \text{ million}
\]

- Interpretation: The company's **total valuation including debt** is RM87.83 million.

---

### **4. EV/EBITDA Ratio**
\[
EV/EBITDA = \frac{EV}{EBITDA}
\]
- **EBITDA (YTD 2024)** = RM8.75 million
\[
EV/EBITDA = \frac{87.83}{8.75} = 10.04
\]
- Interpretation: An **EV/EBITDA of 10.04** suggests a fair valuation compared to earnings before interest, tax, depreciation, and amortization.

---

### **Conclusion**
- **P/E of 10.91** is reasonable but should be compared to industry peers.
- **P/B of 0.10** suggests deep undervaluation based on assets.
- **EV/EBITDA of 10.04** indicates fair valuation based on operating performance.
- **Stock trading at a huge discount to book value**—possible concerns on asset quality or market perception.

5 days ago

Good123

Already profitable :) be +

COUNTRY HEIGHTS HOLDINGS BERHAD [198401006901(119416-K)]
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE
INCOME FOR THE NINE MONTHS PERIOD ENDED 30 SEPTEMBER 2024
CURRENT
YEAR
QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT
YEAR
TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30-Sep-24 30-Sep-23 30-Sep-24 30-Sep-23
Note RM'000 RM'000 RM'000 RM'000
Revenue 14 19,094 14,576 43,286 37,721
Cost of sales (5,707) (4,017) (15,014) (11,392)
Gross profit 13,387 10,559 28,272 26,329
Interest income 11 8 37 26
Other operating income 13,287 885 14,372 4,028
Selling and marketing expenses (502) (1,628) (1,778) (3,912)
Administrative expenses (2,740) (3,673) (8,368) (9,406)
Other operating expenses (7,198) (8,446) (23,788) (22,922)
Finance costs (1,072) (2,338) (3,824) (7,674)
Profit/(Loss) before tax 18 15,173 (4,633) 4,923 (13,531)
Income tax expense 19 (507) (565) (1,036) (930)
Profit/(Loss) for the year 14,666 (5,198) 3,887 (14,461)

5 days ago

Good123

Surging sales and profitability, if talam could turnaround, CHHB should learn from it... capital reduction, share consol.... Cyberjaya Edu group, share surged after share consol... for genuine biz/company, share consol & capital reduction boosted share prices unlike the devil, hidden hand group e.g. pasukhas, xox, permaju, mlabs, netx, etc etc

5 days ago

Good123

CHHB has more than RM100mil++ retained earnings... tak payah capital reduction... dan juga share consol... NTA ~RM2++ haha

5 days ago

Good123

Biz dah kembali profitable , bank sanggup berbincang... mau bayaran je... investors pun berminat memandangkan sales UP, profit UP... tweak biz model, zaman dah berbeda, bukan lagi zaman madey kutty, takda perlindungan bagi kroni2 lagi hehe

5 days ago

Good123

Despite ongoing litigation with MBSB Bank over payment defaults, Country Heights Holdings Bhd (KL:CHHB) is moving forward confidently. The company has launched a strategic tender process to attract both local and international investors for its flagship projects—the Mines Waterfront Business Park (MWBP) and the Mines International Exhibition and Convention Centre (MIECC).

Key aspects of the initiative include global investor outreach, with tenders accepted in US dollars and at an RM4.50 exchange rate for Malaysian investors. The projects, originally valued at over RM445 million, are positioned as prime investment opportunities. CHHB has also emphasized transparency and fairness in the tender evaluation process.

This move highlights CHHB’s resilience and commitment to growth, seeking strong investment partnerships despite its ongoing legal challenges.

4 days ago

Good123

💪 **Tang Kiah Ming** is a Malaysian individual who has emerged as a substantial shareholder in **Country Heights Holdings Berhad (CHHB)**, a Malaysian company listed on Bursa Malaysia. Here's a breakdown of the key details:

### Key Information:
1. **Shareholding Disclosure**:
- **Direct Interest**: 26,653,600 ordinary shares (8.264% stake) as of 21 January 2025.
- Acquired through:
- **Private placements**:
- 5.8 million shares on 9 August 2024.
- 20 million shares on 21 January 2025.
- **Open market transactions**: Net acquisition of 853,600 shares (after accounting for some disposals).

2. **Context**:
- The transactions are disclosed under **Section 137 of the Companies Act 2016**, which mandates reporting of significant shareholding changes.
- Private placements suggest strategic investment, often used by companies to raise capital from select investors. Tang’s participation indicates financial capacity and interest in CHHB’s growth.

3. **Role/Background**:
- While not explicitly stated, Tang is likely a **high-net-worth individual** or **institutional investor** (though the notice specifies "Direct Interest," implying personal ownership).
- Not directly linked to CHHB’s prominent founder, Tan Sri Dato’ Seri Leong Hoy Kum, but the sizable stake could signal influence or alignment with the company’s strategy.

4. **Company Profile**:
- **CHHB** is involved in property development, hospitality, and healthcare, with projects like the Country Heights Damansara township and the Palace of the Golden Horses hotel.

### Why This Matters:
- An 8.26% stake makes Tang a **substantial shareholder**, potentially granting voting power or board representation.
- The timing (2024–2025) and method (private placements) suggest confidence in CHHB’s future or strategic collaboration.

### Limitations:
- The document uses **future dates** (e.g., 21 January 2025), which may indicate a hypothetical example or typo. If this is a real notice, verify its current validity.

In summary, **Tang Kiah Ming** is a significant investor in CHHB, leveraging private placements and market transactions to build a notable stake in the company. Their identity beyond this filing remains private, as is common in regulatory disclosures.

4 days ago

Good123

Lky can consider to sell everything to sunway or ioi group if mau bersara 😛

4 days ago

Good123

Retained earnings masih Few hundred million RMs, waiting for your yearly dividend 2025🤗

4 days ago

Good123

Sell for RM100m? haha

Property Index
ISIN: MYL5738OO009
Stock Exchange: Bursa Malaysia
Listing Board: Main Market
Sector: Property
Sub-Sector: Property
Currency: MYR (Malaysian Ringgit)
Shares Per Lot: 100
Issued Shares: 325.788 million


😂Market Capitalization: RM65.157 million at 20sen per share now je

4 days ago

Good123

Event Summary

Country Heights Holdings Berhad (CHHB, 5738) has issued 25.8 million new shares through private placement to Homedopt founder Tang, increasing his stake to 8.264% and making him a major shareholder. His holdings consist of two share subscriptions (5.8 million shares in August 2024 and 20 million shares in January 2025) and an open-market purchase of 853,600 shares.

Homedopt is Malaysia’s first home adoption platform, designed to help homeowners avoid foreclosure through an “adoption model” while offering returns to investors.

Key Analysis
1. Impact of Shareholding Changes
• Country Heights Holdings Berhad (CHHB): The private placement raises capital, potentially for business expansion or debt restructuring. However, the dilution effect on existing shareholders needs to be considered.
• Tang: As a strategic investor, his involvement could drive synergies between CHHB and Homedopt, possibly expanding into property preservation or distressed asset management.
2. Homedopt Model Analysis
• Operational Mechanism: “Adopters” pay a fee to “adopt” properties facing foreclosure, helping owners retain ownership while generating returns through rental income or appreciation.
• Sustainability: The model depends on a stable real estate market and legal backing, with risks if economic downturns lead to adopter withdrawals.
3. Questionable Timeline
• The reported share subscription dates (August 2024 and January 2025) are in the future, possibly due to a typo. The actual timeline needs verification.

Potential Impacts & Opportunities
• CHHB’s Strategic Shift: A partnership with Homedopt could expand CHHB’s business into property finance and distressed asset management, enhancing cash flow diversification.
• Market Signal: Tang’s large stake suggests confidence in CHHB’s valuation or industry outlook, possibly attracting investor interest.
• Regulatory Risks: Changes in Malaysia’s foreclosure laws could impact Homedopt’s viability, making it crucial to monitor policy developments.

Industry Context
• Malaysia’s Foreclosure Market: Economic fluctuations have increased foreclosed properties, but traditional auction processes are complex. Homedopt offers an alternative solution.
• International Comparisons: Similar models exist in Western markets (e.g., “Leaseback”), but require localization to fit legal and cultural differences.

Unresolved Issues & Recommendations
1. Verification Needed
• Was the private placement priced below market value? Did it receive shareholder approval?
• Homedopt’s actual performance data (e.g., success rates, bad debt ratios) and regulatory compliance.
2. Areas to Watch
• CHHB’s upcoming announcements (fund utilization, collaboration plans).
• Whether Tang joins the board or takes on a management role.
• Malaysia’s 2024 real estate policies and interest rate trends.

Conclusion

This shareholding change may signal CHHB’s intention to integrate strategic resources and explore property innovation services. However, investors should remain cautious of share dilution and business model risks while monitoring the progress of CHHB-Homedopt integration and Malaysia’s real estate policy trends.

4 days ago

Good123

last resort, LKY exits and sell his stake to china conglomerate. happy ending

1 day ago

Good123

LKY is prepared to sell his stake to China Group... many China citizens in the Board now :) Back toRM1-RM2 if Rich China Group acquires LKY's stake

Dr. Zhang Yan
Independent Non-Executive Director
Dr. Zhang Yan was appointed as the Non-Independent Director of Country Heights Holdings Berhad on 25 March 2024. With a wealth of experience in private fund, stock exchange, and business park, Dr. Zhang has made significant contributions to various sectors.

Dr. Zhang Yan holds a master’s degree from Tsinghua University and a PhD from Peking University. Dr. Zhang’s educational background includes a PhD in Education Administration from Peking University, an MBA degree from Tsinghua University, and a Bachelor of Chemical Engineering from Changzhou University.

He is the founder of the Asia-Pacific Financial Town. Under Dr. Zhang’s guidance, the Asia-Pacific Financial Town has emerged as the first financial town in Hainan province and the third business park fund in China. Since its establishment in 2017, this business park has attracted 2300 enterprises and initiated a fund of 120 billion RMB. It has accumulated tax payments of 1.5 billion RMB. Since the establishment of a free trade port in Hainan in 2018, the Asia-Pacific Financial Town has continuously carried out financial innovation and is an important base for China’s fund opening up to the outside world.

In the realm of industrial investment, Dr. Zhang has been instrumental in creating platforms such as the Tianjin Equity Exchange (TJS) Mining Board and the China Mining United Fund. These initiatives provide essential infrastructure for resource transactions and investment, facilitating growth and development in the mining sector. Furthermore, Dr. Zhang’s involvement in various funds and listed companies underscores his commitment to driving innovation and value creation in the industry.

As the Chairman of Arcland Resources Inc., a Canadian listed company, Dr. Zhang brings a wealth of knowledge and experience to the role. His strategic vision and leadership continue to guide the company towards success in the dynamic and competitive landscape of the resource sector. Dr. Zhang’s dedication to excellence and innovation makes him a valuable asset to Arcland Resources Inc. and the broader industry.


Xiong Wei
Executive Director, Digital Technology
Mr. Xiong Wei holds a Communication Engineering degree from Hezhou University of China. He is a serial entrepreneur and investor in the internet finance industry and has rich experience in start-up enterprise strategic planning and investment operations.

He is also a pioneer in the blockchain and cloud computing industry and has both international and domestic work experience.

Mr. Xiong Wei is the chairman and founder of Hong Kong Al Life Investment Services Ltd. In 2008, he established Shenzhen Hengzhongxin Intelligent Technology Co. Ltd. In 2018, he was the second prize winner of China’s National Mobile Internet Innovation Competition.

1 day ago

Good123

retained earnings beratus ratus juta RM, tapi tak mampu bayar ansuran bank... jualkan semua kpd taikun lain sama ada luar negara ataupun tempatan.. dah lama jadi kroni madey, bila kutty dah mau mati, kebodohan LKY terdedah hehe

1 day ago

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