Monday 6 May 2013

I-Bhd, a mini Mid Valley City in the making?

Mid Valley City - 50 acres
i-City - 72 acres

Mid Valley City - ?
i-City - RM5b

GDV to acreage ratio
i-City's GDV/acreage ratio is as good as Mid Valley City's

Both have direct access from the Federal Highway. (direct link to i-city expected to complete by end of 2013)

i-City was planned by world-renowned urban planning firm, Jerde Partnership, which is famous for Roppongi Hills development in Tokyo and SP Setia's KL EcoCity project.

Joint venture with Central Group of Thailand to develop a regional shopping centre that would be held as a long term investment. Agreement is expected to be signed by end of May 2013. Will be built on 14 acres of land in i-City. Gross floor area 1.7m sq ft. Net leasible area about 1m sq ft. Upon completion of the mall, I-Berhad's 40% stake in the special purpose vehicle alone could possibly worth more than its current market cap.

Central Pattana, a subsidiary of Central Group, is the largest developer and operator of shopping centres in Thailand.

Participation of Thai Central Group could bring in some Thai components in the retail malls, something different from most of the malls in Klang Valley anchored either by Jusco or Parkson.

Audit earnings forecasts for FY13 and FY14 are profit before tax RM65m and RM120m respectively. EPS could be around RM0.50/share and RM1/share in FY13 and FY14 respectively.

Shah Alam General Hospital which is within walking distance of i-City is nearing completion.

Zero debt

Wednesday 1 May 2013

Why we should not UBAH government

Warning: This posting is strictly not for naive readers

We should be appreciative and vote for the present government because:

1. Under the present government, Malaysia is safe, secured and has low crime rate.

2. We have well-planned cities with smooth traffic on the roads. Driving is brisk. We hardly have traffic congestion, waste time on the road, lose productivity, get frustrated and become aggressive drivers which could very likely contribute to high cases of road accidents and road bullies. In case of emergency, ambulances are not trapped in jam. Find parking lot is not a problem. Ample car parks are provided. While having many tolled roads, people are not burdened as the government has been subsidizing the toll. The government is caring and yet humble not to claim any credit, knowing the subsidy is actually the tax payers' money.

3. Our government managed to attract major foreign investments such as Lynas and Raub Australian Gold Mining into Pahang, bringing rare earth and cyanide to our country.

4. Minimal corruption cases in Malaysia

5. Efficient bus network system. Singapore has about 3000 buses serving their citizens while in Klang Valley which has similar population, needs only 1000 buses to serve the people. How efficient we are. Our bus network is so well-planned that there is minimal or no direct buses connecting various townships in Klang Valley. One who is travelling from Cheras to PJ has to go to KL, then hop into another bus to get to PJ. We need not have direct bus from Cheras to PJ.

6. Singapore has many MRT stations well-integrated with bus terminal. We don't see that at our existing LRT stations and proposed MRT stations. Malaysia Boleh

7. Improving university rankings

8. Fresh graduates earnings good salaries. More than enough to make ends meet and so much spare cash to spend

9. We get free teh tarik from out water tap. People like countries like Singapore and Japan get only clean water.

10. Relationship among component parties of the government are so harmony. They are not racial  based and not protecting a particular race from the threats of other races... So 1Malaysia...

11. Government is so people centric that close to 5m households out of 6.7m households in Malaysia eligible for BRIM (earnings below RM3k)

12. Good ranking in press freedom (145th out of 179)

13. Good judicial system in Malaysia

14. Transparent and fair general election

15. We perform better that countries that are blessed with rich natural resources, natural tourist attractions, strategically located at the major shopping lane, free from major natural disasters.

16. Our country is cleaner than our neighbouring country.

17. We absorb foreign talents while our neighbouring country absorbs foreign labours.

18. Good law enforcement in Malaysia

19. The culture of "Boleh bincang?" "Boleh kau tim?" show how flexible we are resolving problems

20. "懒人多屎尿 " (loosely translated into lazy people frequent toilet more often) Public toilets are not built at some LRT stations as Malaysians are generally hardworking. We do not visit the toilet so frequent

21. Government well-educated the public not to litter, spitting in public places, indiscriminate parking

22. We have very professional, caliber, clean and humble MPs who have the people in mind all the time

23. Our sophisticated fighter jets fly without engines and submarine that can surface all the time

and more....

And yet you still want to UBAH government???

Importance of vote swing

Just a few days to go before the Malaysians (+ hantus) decide.

If you manage to persuade someone to vote (of course for the right party), one vote is gained.

If you manage to persuade someone to switch his/her vote intended for Party X to Party Y, TWO vote are actually gained. (One less vote for Party X, one more vote for party Y, a difference of two votes)

Share with your family and friends who listen and are open for discussion about the situation in our country but let them decide whom to vote for as we are in a democratic country.

Vote for right party for the betterment of the country and the people.