股海宝藏：柏年控股土地生黄金

大马股市的地产股拥有不少多年前留下的土地，现已增值多倍。但是，不少二线地产股股价却严重低估。

现在，笔者以柏年控股（BREM，8761，主板建筑股）证明之。

根据该公司1亿6854万股（不包括库存股）计算，在加总了所有土地价值后，该公司资产实值相等于每股8.32令吉！

“2012年12月，第一控股工业出售莎亚南20英亩工业地，净赚6900万令吉。”

“2013年11月，亿顺机构买雪州斯里肯邦岸（Sri Kembangan）14.4英亩商业地段，净利约1亿令吉。”

这两则新闻说明“土地生黄金”是铁一般事实。

今日，网络世界之虚拟货币比特币全球爆红，几年上上涨千倍。这种无国家央行承认与担保，单靠信心支撑的货币，其价值无中无有；参与买卖者是在赌博，不是投资。

土地就不同，它是人类必需品之一，可用以生产各类楼房工厂，属于投资性最强的资产。土地还可保值，抗通胀，其价值长期上涨，尤其是地点优越，位于大城市的地价，涨幅惊人。

大马股市的地产股拥有不少多年前留下的土地，现已增值多倍。但是，不少二线地产股股价却严重低估。现在，笔者以柏年控股证明之。

地产化为盈利推动股价
柏年控股的资产实值每股8.32令吉，但股价只有1.49令吉，即资产折扣高达82%在总资产中，地产占95%，它不但不会贬值，而且还有逐年增值潜能。

由于大马产业市场将稳健发展，何况公司地皮大部分位于产业最热卖地点的吉隆坡与巴生谷，再加上地皮成本十分廉宜，所以公司产业发展之盈利将逐年强力增长，成为推动股价上升的动力。

派送红股机率高
公司的四大核心业务即产业发展、产业投资、建筑和水供服务全都赚钱。在2014年3月财政年首二季，各业务盈利如下：
1.产业发展1821万令吉
2.产业投资213万令吉
3.建筑538万9000令吉
4.水供999万7000令吉
5.联号7万7000令吉

公司首二季净赚1881万，即每股净利11.2仙。笔者预期，全年净利保守可达每股20至22仙，则本益比6.6倍至7.3倍。

如果公司按照就派发每股6仙股息，则股息会酬率是4.11%公司拥有14亿338万令吉高素质资产，而净贷款仅4563万令吉，所以财务稳健。

至于公司未分配盈利之储备金，已高达3亿11万令吉，将来用以派送红股的机率相当高。

大胆超廉价买地赚大钱 廉价地产好股大胆买进可致富。
一人的信心，力量不大；千万人的信心加起来就是一股强大力量，大到可把比特币推高上千倍。

今日，大马股市地产股，不少在资产价值方面最强，最有增值潜能，但股价大平卖，只因为市场人士还缺乏信心。

在股市，“先知先觉赚大钱，后之后觉赚小钱，不知不觉赚不到钱。”

因此，如果长期投资买进柏年控股这类般价高度低估的地产好股，抱着以超级廉价买地皮，
做发展商的心态耐心待股，以每股1.49令吉买进资产实值每股8.32令吉、管理好、盈利佳、财务稳、股息诱人的柏年控股，问题就不是赚不赚钱，而是赚多少钱。



http://www.nanyang.com/node/589331?tid=687

The RM20b Grocery War

Sales by hypermarkets were around RM13b a year, representing a market share of 14.8% of the entire RM87.8b retail market, excluding houses and cars. The mini-market sub-sector made RM1.84b in sales while convenience stores registered a total revenue of about RM530m. (Source: Retail Group Malaysia, 2012)

Hong Kong-owned GCH Retail (M) Sdn Bhd:
Giant (127)
Cold Storage (16)
Jasons (1)
Mercato (2)

UK-based Tesco (M) Sdn Bhd (JV between Tesco (70%) and Sime Darby (30%))
Tesco (49)

Japan’s AEON Co Ltd:
AEON BIG (formerly Carrefour) (28)

Homegrown Mydin Mihamed Holdings Bhd
Mydin (11)
KR1M (113)
MyMart (8)
MyMydin (51)
Sam’s Grocer (1)

Homegrown 99 Speedmart Sdn Bhd
99 Speedmart (503)

Homegrown KK Supermarket and Superstore Sdn Bhd
KK Mart (157)

Locally owned international franchise Seven Convenience Bhd
7-Eleven (1,479)

Hypermarkets
Giant
Tesco
Mydin
AEON
BiG (formerly Carrefour)
Econsave
Pacific

Supermarkets
Cold Storage
Mercato
Village Grocer
Jaya Grocer

Convenience Stores
7-Eleven
KK Mart
Quick & Easy
Happy Mart
MyMart
Mesra
Select
Petron
Star Mart

Mini-Markets
99 Speedmart
Kedai Rakyat 1Malaysia
MyMydin
Mom-and-pop shops (50,000)

The Edge Malaysia, 30 December 2013

A slap in Najib's face, but a much heavier one in the people's face

Before GE13

Works Minister Shaziman Abu Mansor said the toll charges on the Kesas Highway were to have been raised to RM3 (for Class One vehicles) but Prime Minister Datuk Seri Najib Tun Razak decided against it because it would place a financial burden on the people.

http://www.thestar.com.my/News/Nation/2013/01/14/Kesas-toll-charges-reduced-from-midnight-Monday-Updated.aspx

After GE13
The toll rate hike next year is unavoidable as it is an express condition in the concession agreement between the government and highway concession companies, according to Minister in the Prime Minister's Department Abdul Wahid Omar.

He said the toll rate should have been revised in 2011, as stated in the concession agreement. "However, the rate was maintained, but the government had to fork out RM400 million in compensation from taxpayers' money, which could have been used for other purposes.

"And now it's time to fulfill the condition,"

He said the hike was therefore a fair measure for taxpayers, coupled with the fact that highways were alternative routes which they don't use everyday.

http://www.malaysiakini.com/news/249379

Comments:
1. See the reality before and after general election

2. The money used to compensation the concessionaires for freeze in toll rates actually come from taxpayers, not Najib's own pocket nor Barisan Nasional. 

3. It may be unfair to use public fund to subsidize the scheduled toll hikes as taxpayers who do not/ seldom use the expressway will be subsidizing those expressway users.

4. "And now it's time to fulfill the condition,". Ya. And now it's time to face the reality, paying the price for accepting election sweetener, which is a thick bitter pill thinly coated with sugar. People start to taste the bitterness after finishing consuming the thin layer of sugar.

5. "highways were alternative routes which they don't use everyday"?? More than 1 million of tollable traffic in Klang Valley daily. Do the regular and daily users of the expressways really have alternatives? One who lives in Klang and travel to work in KL city center has to pay toll expenses of RM16 per day. Do they really have a choice considering much longer time, more fuel has to be burnt, having to bear with more stress and frustration if they were to travel on toll-free roads. Do the people have choice when the public transports are so much lacking?

Kanger International Berhad

At IPO price of 25sen/share, Kanger's market cap upon listing will be RM107.5m

Kanger recorded PATAMI of RM6.369m and RM5.034m (annualised) in FY12 and FY13 respectively.

Based on the offer price of 25sen/share and market cap of RM107.5m, it will be traded at trailing PE of 16.9x (FY12) and 21.4x, whereas the china stocks listed in Bursa are traded at an average trailing PE of 2.2x (souce: Hong Leong trading platform)

Company	IPO Price (RM)	Closing price (RM) 6 Dec 13	IPO date
Xingquan International Sports Holdings Limited	1.71	0.86	Jul 09
XiDeLang Holdings Limited	0.58	0.35	Nov 09
Multi Sports Holdings Limited	0.85	0.19	Aug 09
Maxwell International Holdings Bhd	0.54	0.285	Dec 10
K-Star Sports Limited	2.15	0.12	May 10
HB Global Limited (Sozo)	0.80	0.17	Dec 10
China Stationery Limited	0.95	0.195	Feb 12
China Ouhua Winery Holdings Limited	0.60	0.075	Nov 10
China Automobile Parts Holdings Limited	0.68	0.385	Jan 13
Kanger International Berhad	0.25	?	Dec 13

Based on closing prices on 6 Dec 2013, all the China companies listed in Bursa are traded below their respective IPO price.

Will Kanger command higher PE than its countrymates and exceptionally stay above its IPO price?

Where does electricity tariff go?

Bursa Malaysia Listed China Based Companies

Company	IPO Price (RM)	IPO date
Xingquan International Sports Holdings Limited	1.71	Jul 09
XiDeLang Holdings Limited	0.58	Nov 09
Multi Sports Holdings Limited	0.85	Aug 09
Maxwell International Holdings Bhd	0.54	Dec 10
K-Star Sports Limited	2.15	May 10
HB Global Limited (Sozo)	0.80	Dec 10
China Stationery Limited	0.95	Feb 12
China Ouhua Winery Holdings Limited	0.60	Nov 10
China Automobile Parts Holdings Limited	0.68	Jan 13
Kanger International Berhad	0.25	Dec 13

Boilermech eyes IPPs as new area of growth

Boilermech Holdings Bhd has set its sights on IPPs as its new area of growth.

Although the company already has IPPs as its clients, Boilermech executive director Chia Lik Khai said it is looking to expand its product offering beyond selling just the boiler to the market segment.

"We have been providing some of these boiler systems piecemeal, but I think the approach now has to be more integrated"

He said Boilermech is in talks with IPPs in other countries in the region that supply power using renewable energy. It already has a few customers on board thus far on this integrated concept.

"We work more solution-based, serving customers' energy requirements, be it to maximise energy power generation or fuel cost savings"

Boilermech is still focused on the palm oil industry, which contributes more than 90% of the company's revenue.

With exports taking up half of its revenue portion, Boilermech is looking to expand its penetration within Malaysia and Indonesia; and geographical reach to other markets like the Philippines, Thailand, Central and South America, and Africa.

"We are also looking at how to increase our service and repair contribution to serve our existing customer base better, and to increase some revenue from there"

It looks to doubling the contribution to revenue from service and maintenance from just 5% currently over the next 3 years.

Moving forward, Boilermech is looking at widening its services to the palm oil industry, which is looking at more efficient and environment friendly ways to manage fuel.

"We believe the palm oil industry has the opportunity to develop a lot more potential in renewable energy generation [biomass and biogas power], and in solving environmental problems of solid waste"

Chia said the company's strategy is to bring more green technology into the palm oil milling industry to improve efficiencies and reduce environmental footprints. He noted that 3R's of reduce, reuse and recycle.

On that note, the company is looking at expanding clean energy and at new technology solutions that can ensure the sustainability of the palm oil industry in the longer term.

It is also looking to expand its coverage to other agricultural and resource-based industries.

Since 2005, Boilermech has been involved in the design, manufacture, installation and commissioning of biomass boilers. It also provides boiler repair and refurbishment services.

On average, Boilermech manufactures 8 boilers per month with a 25-tonne per hour capacity. In the next phase of growth, it looks to produce 12 boilers per month. The boilers have a lifespan of up to 25 years.

Boilermech targets a 20% growth for its revenue yoy and at least a 15% growth for its PBT.

With a current order book of RM360m, which could last the company for 1.5 years based o its current financial year's annualised revenue of RM213m, this garners the company about 60% of local market share, according to Leong.

The Edge Financial Daily, 2 December 2013

Guesstimate Canone's EPS post sale of Kianjoo

Value of Kianjoo at RM3.30/share = RM1,465,753,693.8

Value of 32.9% stake in Kianjoo held by Canone = RM482,232,965.26

Canone's debt as of 30 September 2013 = RM467,818

Canone will be in net cash post disposal of Kianjoo

Assume the sale proceeds to be utilised to fully settle the debt => zero finance cost

Annualise the 9M results, operating profit= RM78.384m

Ignore interest income and apply zero financial expenses assuming all the debts are fully settled, PBT is RM78.384

Assuming 25% tax rate, net profit = RM58.788m

Assuming minority interest 10%, PATAMI = RM52.9092m

Canone total number of oustanding shares = 152.4m

EPS = 34.7sen

Low profile Keck Seng gains momentum

Tuesday, 26 November 2013 10:03

KECK SENG (M) BHD is a plantation company that has been off investors’ radar screen due to its low profile.

Those who have invested in the company would have been rewarded by its recent share price surge last year.

The share price reached its peak in May this year on rumours of a corporate exercise and special dividend which bumped up the share price to RM7.76.

The counter closed at RM7.53 yesterday, translating into a gain of 97% from RM3.82 a year ago, with an average trading volume of over 220,000 shares.

Investors who invested in the company before the 2008/09 crisis would have seen their investments multiplying by 290%.

Keck Seng’s market capitalisation has also grown exponentially within a five-year period.

Based on the closing price of RM7.53 yesterday, its market capitalisation reached  RM2.71 billion from just RM694.4 million in 2008.

Market watchers attributed the rally in the share price earlier this year to the renewed interest in the group’s assets spinning off into real estate investment trusts (REITs).

Keck Seng has a diverse portfolio of businesses in property development, share investment, oil palm estates, hotel and resorts.

The plantation firm is a unit of the Keck Seng group. Its other vehicles include Hong Kong-listed Keck Seng Investments Ltd and Keck Seng (Singapore) Pte Ltd.

It is not clear how much of the group’s properties which carry a total book value of RM530 million will go to REITs.

The company’s 2012 annual report reveals that the company has agriculture and housing development land in Johor worth a net book value (NBV) of RM227.53 million.

Keck Seng has a golf course, several residential and commercial developments as well as oil palm estates — all of which have not been revalued since 1980.

Keck Seng also owns several properties around the globe. It owns hotel buildings in the US and Canada worth a NBV of RM137.36 million.

In Singapore, it owns an office building with a NBV of RM4.14 million. Its properties in Malaysia, consisting of office blocks, a condominium, villas and a shopping complex, are worth RM161.09 million.

Keck Seng is sitting on a huge cash pile of RM761 million or RM2.11 per share, according to the 2012 annual report. The cash pile doubled in 2010 financial year (FY10) after it accepted a takeover offer from Khazanah Nasional Bhd for Parkway Holdings Ltd shares.

The company’s palm oil division has been the main revenue earner in the last five years, contributing more than 70% of total revenue. Earnings have been affected by the volatility in commodity prices and weather conditions.

In FY12, Keck Seng saw a decline in revenue from its palm oil and manufacturing divisions. Revenue from its main income earner dipped 25.1% to RM759.47 million from RM1.01 billion a year ago.

The company attributed the decline in earnings to the lower production of fresh fruit bunch (FFB), declining selling prices and higher cost of production.

Its refineries suffered a setback when the Indonesian government implemented  export duties which benefited its own processed palm oil exports last year.

“This development had negatively affected the margins of refineries in Malaysia. On Jan 1, 2013, the country responded with a new export duty structure but the impact  on our refinery is yet to be seen,” the company said in its annual report.

For the six months ended June 30, FY13, Keck Seng’s revenue from its palm oil division dropped 19% to RM311.64 million from RM384.57 million a year ago due to the lower selling price of refined oil.

The company foresees stiff competition in its export of refined oil.

“The performance of the refinery will be very much dependent on the price of other substitute oils and exchange rates of the US dollar against the ringgit while the FFB processed by the mill in 2013 is expected to be marginally higher than that in 2012,” the company said in a statement.  

Keck Seng posted a higher net profit of RM68.55 million in the first half of FY13  compared with RM40.61 million a year ago despite the lower contribution from Keck Seng’s main revenue generator. Earnings were lifted by higher foreign exchange gains.

Keck Seng has delivered consistent dividends at 10 sen per share since 2009. They make up about 30% of the company’s annual net profit.

For FY12 ended Dec 31, the plantation player posted a net profit of RM95.57 million versus a net loss of RM29.83 million a year ago.

The company is 30% owned by the Ho family, with a large portion of it under private vehicle Ho Yeow Hoon & Sons Pte Ltd.

Managing director Datuk Ho Kian Hock has a 6.91% direct interest and another 24.25% deemed interest in Keck Seng.

This article first appeared in The Edge Financial Daily, on November 26, 2013.

RTD beverage consumption per capita per year

President and CEO of Permanis Sdm Bhd, Erwin Selvarajah says there is great potential of the ready-to-drink beverage market in the country. “Malaysia, unlike other countries, has a low per capita beverage consumption per year of about 100 cans. In Singapore and Thailand, it is between 300 and 400 cans compared with the US and Europe where the figure is higher at between 800 and 1,000 cans.

Yoong Onn expands to meet peak demand

KUALA LUMPUR: Little known Yoong Onn Corp Bhd is on an expansion trail to meet the growing demand for home linen and bedding accessories.

Yoong Onn expects to increase its production capacity by 50% from its planned expansion on the newly acquired piece of land adjacent to its factory. The new capacity will come in handy during the seasonal peak period when demand tends to spike.

“With the new factory in place, we will be able to increase our production capacity to an additional 50% by 2015,” said Yoong Onn head of production Eric Chew, adding that it currently produces 3,000 bedsheets a day.

The 2.22-acre (0.88ha) piece of land in Nilai, Negeri Sembilan, was purchased at RM5.7 million for expanding Yoong Onn’s manufacturing and warehousing operations.

While the family-owned Yoong Onn is a familiar name in the investing community, its homegrown brands — Jean Perry, Novelle and Louis Casa — are well-known premium household brands in the local home linen and bedding accessories market.

“We have diligently cultivated our homegrown brands over the decades and they are our key assets,” managing director Roland Chew told The Edge Financial Daily.

From its humble beginnings as a store in Petaling Street, Kuala Lumpur, Yoong Onn now owns 14 homegrown brands, 16 fully owned retail outlets and 120 counters in department stores and hypermarkets. It exports to more than 10 countries worldwide.

“According to an independent report, we are a leading player in this market with a share of more than 30%,” said Chew.

Yoong Onn is the first company listed on Bursa Malaysia dealing in the home linen and bedding accessories business.

Kenanga Research in its note dated Oct 29 described the company as a hidden gem waiting to be discovered. Based on its share price of 78 sen, Kenanga said the stock is deeply undervalued with a price-earnings ratio (PER) of 6.2 times, which is at a 40% discount to its peers’ average of 10.4 times.

“Yoong Onn is trading at only 0.9 times its book value of 87 sen [at share price of 78 sen]. We believe the discounts are not justified due to its good earnings growth prospect and superior dividend yield,” the research house said in the report.

The company has achieved a good five-year net profit compound annual growth rate of 14%, according to Kenanga Research. “We reckon that its strong earnings growth track record reflects the growing demand for its products as Malaysia’s household income rises.”

Kenanga noted that Yoong Onn has given out regular dividends, thanks to its strong balance sheet. The company is in a net cash position of RM7.24 million after taking into account borrowings of RM24.12 million.

Its share price has been on a steady climb since last month from 70 sen to a historical high of 90.5 sen on Nov 4. It closed at 88 sen last Friday.

Sales to premium department stores make up half of the total revenue. Projected sales to hotels and hospitals generate 10% and overseas exports contribute 20%.

According to Chew, Yoong Onn is well-known locally in department stores such as Parkson, Aeon, The Store and Robinsons.

“We grow faster when we partner with department stores as they are expanding rapidly.

“In smaller towns where the population is not big enough for us to set up a boutique, we rely on department stores to which we supply our products where growth is very consistent,” he said.

Chew acknowledges that competition from low-cost manufacturers in China and Vietnam has always been a concern. Hence, Yoong Onn targets more sophisticated, middle- to high-end customers who value quality and comfort rather than mere functionality.

“As we invest a lot in innovation, quality and design, it is pointless to compete with any player who only competes on prices by compromising on quality. We don’t want to lose our focus and head into the wrong game,” said Chew, adding that Yoong Onn is a trendsetter producing about 50 new designs every month.

He said compared with overseas manufacturers, Yoong Onn has a superior understanding of the local culture and markets, which enables it to deliver designs popular with the locals.

“Chinese manufacturers are not well-versed with fusing Malaysian culture into their designs and they mainly sell to price-sensitive customers. This is not our target group,” said Chew.

Yoong Onn purchases raw materials from 10 factories in India, Pakistan and China with which it has established strong working relationships for many years.

“We don’t operate our printing and dyeing here in Malaysia. We provide the factories with the specifications, designs and colours and they print and dye for us,” said Chew, adding that manufacturing products that are less-labour intensive has been effective in helping to reduce labour costs.

Yoong Onn is a licensed manufacturing warehouse under the Royal Customs and Excise Department, which enables its goods produced for export to be exempted from customs duties.

http://www.theedgemalaysia.com/business-news/262138-yoong-onn-expands-to-meet-peak-demand.html

Process of lease extension for leasehold properties

The applicant (homeowner) will have to submit the following to the state land office:

a) Application form to surrender and re-alienate land to extend lease duration (Borang 12A Permohonan Untuk Menyerahkan Balik Tanah – mengenai kesemua tanah itu)
b) Personal land lease rights (of the applicant) form (Borang Perihal Tanah Peribadi Pemohon)
c) Table 1 – Rule 2 – Land Rights of Malaysian Government (Jadual 1 – Peraturan 2 Kanun Tanah Negara Perintah Tanah Kerajaan)
d) Personal details of the applicant (Borang Butir-Butir Permohonan Tanah Oleh Individu)
e) The original title of the property (Surat Ikatan Hak Milik Asal)
f) Copy of quit rent and assessment receipts for the current year (Salinan cukai tanah and resit cukai taksiran untuk tahun ini)
g) Two copies of NRIC (Dua salinan kad pengenalan)

Note:
If the lease has already expired, the applicant needs to submit the Application for Land Re-alienation form (Permohonan Permerimilikan Tanah). The land will then be checked by a settlement officer, who will submit a report to EXCO for approval. Upon approval, the land will need to go through a re-alienation process by the land administrator. If the re-alienation is approved, the Land Office will issue a Notice (Form 5A) to the property owner, that Land Revenue is Due. The owner will then need to pay a premium.

Source: The Sun 08 November 2013

Tourism appeal for i-City

THE tourism component for i-City is shaping up nicely and the recent tie-up with Best Western International to develop and manage the first hotel there will give the park an added boost as i-City may look forward to retaining longer-staying visitors.

The three-star Best Western i-City has a gross development value (GDV) of RM50mil and is the first of two hotels planned for i-City. The 216-room boutique hotel is currently under construction and is slated for opening late next year.

“The hotel will enhance the number of visitors to i-City’s leisure park and attractions, given visitors can now opt to stay within the vicinity of i-City’s theme park,” said Datuk Eu Hong Chew, deputy chairman of I-Berhad, the developer of i-City.

In addition, Best Western will also be managing the serviced suites by providing hospitality and building management services.

The serviced suites, which comprise 826 units of serviced residences, will be launched at the end of 2013 and are poised to be the first hotel-branded residential development in Shah Alam.

Eu noted that owners of this residential development should be able to enjoy premium capital value and rental yield due to the nature of the residences and its location in the heart of an integrated development such as i-City.

However, I-Berhad has not given any indication of the pricing for its serviced suites.

Last year, I-Bhd launched its first residential project, i-Residence, at RM500psf, which was a benchmark price for the area at that time.

Shah Alam has been described as among the top five property hotspots in the Klang Valley. But no doubt, these suites would cater to a different crowd compared to the average property investor.

“The fact that it is located within a MSC Cybercentre environment means that tech-savvy urbanites can be a part of i-City’s plug-and-play environment, thanks to the Cisco Connected Real Estate connectivity.

“All in, the serviced suites will be managed at high quality levels and at the same time, the owners of these units will be able to avail themselves to hotel services and amenities such as the concierge, housekeeping and catering provided by Best Western International,” Eu said.

I-Berhad is confident that the development taking place in i-City would indeed create demand for its leisure properties as Eu expects the hotel to have one of the shortest gestation periods thanks to the attractions based in the park.

i-City has established itself as a pioneer of the niche “urban leisure development” which integrates leisure with residential and office development in an urban setting. The first phase of the 30ha development was completed in 2008 with 500,000sq ft of cybercentre offices.

Eu added that the hotel was the third building block in the development of i-City as a tourism destination after the establishment of its first two components, its various theme parks as well as CentralPlaza@i-City, a retail mall.

i-City has, to-date, invested RM70mil in various rides and attractions to develop its main tourism component.

Sprawled over 10ha, i-City has four notable theme parks — City of Digital Lights, SnoWalk, WaterWorld and FunWorld.

It also houses Malaysia’s first interactive wax museum with the House of Horror as the main feature.

Eu said I-Berhad is looking at pumping in another RM30mil over the next few years to boost i-City’s theme parks.

He estimates 30% growth in its visitor count in the near future, which currently averages about 90,000 visitors every week.

“With the allure of Red Carpet, the House of Horror and our constant upgrading as well as introduction of new attractions — all of which fulfill the criteria as Visit Malaysia Year 2014 tourism products — our ultimate hope is to make i-City an enchanting tourism product that will appeal to both local and international visitors,” he said.

Earlier this year, I-Berhad also signed a joint venture agreement with CPN Global Company Limited, a wholly-owned subsidiary of Central Pattana Plc Ltd (CPN), to jointly develop the CentralPlaza @ i-City regional retail mall. CPN is Thailand’s largest retail developer.

Currently in the design stage, the project will be developed on a freehold plot of land measuring 4.5ha with gross floor area of around 1.5mil sq ft and net leasable area of around 1mil sq ft.

Upon completion by end-2016, the RM580mil CentralPlaza will be the biggest shopping mall project in Shah Alam.

“We envisage the mega mall to further expedite the maturity of i-City as a wholesome township that boasts corporate, leisure and residential components encompassing office towers, Cyber office suites, a theme park, hotels, serviced apartments and data centers,” said Eu.

Another notable development that would add to i-City’s tourism appeal is its upcoming Clark Quay-type riverfront food and beverage project.

“Facing the picturesque Sungai Rasau, the 1km-long development will feature a slew of al fresco F&B outlets alongside water-based rides and specialty retail shops, all of which are targeted at our international visitors,” he added.

Clearly, i-City has a lot on its plate for its tourism component alone and Eu is optimistic about the future of the park as a tourism destination.

http://www.thestar.com.my/News/Community/2013/11/04/Tourism-appeal-for-iCity-Deal-set-to-bring-major-hotel-brand-to-development.aspx

Power Industry in Sarawak

Impoundment od Sarawak's 3rd hydroelectric dam in Murum began in September 2013.

Reserve capacity of 600MW to ensure power network security.

Mulling over a plan to build 2 more hydroelectric dams with a combined installed capacity of 2500MW, one in Baleh (1295MW) and one in Baram (1200MW).

Sarawak Energy's projection of power demand

Demand	2013(MW)	2020(MW)	2025(MW)
Organic and system requirement	1,130	1,600	2,130
SCORE customers	880	2,550	3,700*
Export	0	230	430
TOTAL	2,010	4,380	6,260

*Includes potential customers of SCORE Phase 2

SCORE Phase 1: Power supply and demand in 2020

PLANT	Capacity (MW)
Existing	1,110
Bakun	2,400
Murum	944
Balingan	600
TOTAL	5,044
Current reserve criteria	600
Available to meet demand	4,454

Hydroelectric dam in Sarawak: Bakun, Batang Ai, Murum

It takes about 6 years to complete the 944MW Murum Dam

7 SCORE companies in total have signed power purchase agreements with SEB for a combined 1920MW for power plants in Samalaju Industrial Park.

Total investment to date by the PPA customers is RM13.62b.

Source: The Edge Weekly 28 October 2013

Oil Palm Plantation Land Area in Malaysia and Indonesia

Indonesia which currently has 8 million hectares of its land under oil palm has set a target of
achieving 12 million hectares by 2020.

Total land area in malaysia under oil palm has remained fairly stable at around 5 million hectares

(source: Imaspro Corporation Berhad Annual Report 2013)

Investments in Samalaju

Samalaju Industrial Park, located 62km from the industrial town of Bintulu, 180km from Bakun Dam

Samalaju Industrial Park 8,000ha

Tokuyama Corp (Japanese)	Polycrystalline silicon plant Total 200 ha Phase 1 – RM3b – 40 ha – capacity 6,200 tonnes per year – total staff strength 500 - Construction began in Feb 2011, fully operational November 2013 Phase 2 – 30 ha - RM5b – capacity 13,800 tonnes per year – total staff strength 550 - expected to complete by mid 2014, commissioned a year later Total 5 phases
Press Metal Bintulu Sdn Bhd (Malaysian)	Aluminium ingots and billets 194ha
Pertama Ferroalloys Sdn Bhd	Manganese ferroalloy smelting plant 200ha
OM Materials (Sarawak) Sdn Bhd	RM1.53b silicon manganese smelting plant 60ha Phase 1 USD592m ferro alloy smelter plant (308,000tonne per annum ferrosilicon alloys)
Asia Advanced Materials (South Korean)	Metalic silica – scheduled to commence operations in 4Q2013
Asia Minerals Ltd (Hong Kong)	Silicon manganese
Sakura Ferroalloys Sdn Bhd (JV between Assmang Ltd, Sumitomo Corporation and China Steel)	80MW manganese smelter. Annual production of 100,000 tonnes of high-carbon ferro-manganese and 60,000 tonnes of silicon manganese. Investment RM1b. Expected to come online in 2015.

SEB has committed some 2,100MW via long-term power purchase agreements (PPAs) with energy-intensive industries in Samalaju Industrial Park, Bintulu. The latest PPA signed last month was with Malaysian Phosphate Addictives (Sarawak) Sdn Bhd for the supply of 150MW to its RM1.04bil phosphorous plant project. (Star)