Showing posts with label Oriental. Show all posts
Oriental privatisation target?
KUALA LUMPUR: Oriental Holdings Bhd, which had seen its share price jump by as much as 16.5% in the past week, could be the next privatisation target.
Sources said this followed several announcements of corporate moves which would probably be a prelude for greater things to come.
“This will always catch the market by surprise. The buying of the Kingsley Hotel for about RM202mil is definitely a pointer to bigger things to come for Oriental,” a source said.
It is learnt that Oriental's single majority shareholder, Boon Siew Sdn Bhd, may decide to privatise the company to strengthen its position as part of efforts to regionalise the company.
Boon Siew Sdn Bhd, founded by the late Tan Sri Loh Boon Siew, has a 43% stake in the company. Today, it is controlled by Loh's family, which is said to be also undergoing a leadership transition very soon.
The word is out that their grandsons will take over the helm of the company within this year or next.
It is also understood that the company is in talks to purchase more land for its plantation ventures in Indonesia while the major shareholder also has big plans to purchase some parcels of land in Britain and the United States.
“They want to shore up their presence in the Western economies. But before this, they want to ensure the company is firmly in the Loh's family control.'' said another source.
Oriental, which had surged by 90 sen or 16.5% in the past trading week, could garner more interest once these leadership handover plans are firmly in place.
Market observers also point out that the share price decline by 27 sen on Friday could be a knee-jerk reaction to the lower year-on-year quarterly net profit, which was announced on Thursday.
Oriental recently announced that its year-on-year net profit for the fourth quarter ended Dec 31, 2011 declined by 12.8% to RM108.77mil on the back of a 15% drop in revenue to RM718.55mil.
However, for the full financial year 2011, Oriental saw its year-on-year net profit rising by 15.6% to RM288.5mil on a slight decline in revenue from RM3.23bil in FY2010 to RM3.1.3bil.
In notes accompanying its financial statements, Oriental said the lower revenue was due to inventory shortages in its automotive business segment, which was one of the main contributors to earnings.
However, profits rose because it was able to sell some of the existing models slightly higher than its carrying value
Oriental buys Kingsley Hotel in central London
KUALA LUMPUR: Oriental
Holdings Bhd has acquired the Kingsley Hotel in central London for a
cash consideration of £42.71 million (RM203.9 million) yesterday.
This marks one of the biggest acquisitions by the RM3.3 billion market cap company in recent years and comes at a strategic time with the upcoming Olympic Games in London.
In an announcement to Bursa Malaysia yesterday, Oriental said its wholly-owned subsidiary Kah Motor Company Sdn Bhd had entered into a sale and purchase agreement with Curzon Hotel Properties (GP) Ltd, The Curzon Hotel Properties Ltd Partnership and Curzon Hotels (Operator) Ltd for the acquisition of “the Kingsley hotel, its business, the lease and the assets in London”.
The London property in question comprises a freehold land with the six-storey Kingsley Hotel on it with a total built-up of about 71,000 sq ft. The Kingsley Hotel commands a four-star rating and has 129 en suite bedrooms, a brasserie restaurant, bar and lounge together with seven meeting rooms.
The hotel is strategically located in central London’s midtown district, near Covent Garden and New Oxford Street and is in close proximity to two underground stations — Holborn (Piccadilly Central Line) and Tottenham Court Road (Central Line).
Oriental said the funding for the £42.71 million acquisition will be
internally generated by Kah Motor and the deal is expected to be
completed by the end of the first quarter.
Oriental added that no valuation had been carried out on the property and therefore the new book value of the property cannot be disclosed as it is not known. Nonetheless, it said based on the property’s earnings before interest, tax, depreciation and amortisation in 2011, the purchase price translates into a yield of 5%. Oriental will not assume liabilities from the acquisition.
The acquisition will cater for the expansion of the group’s hospitality division, said Oriental, which nevertheless noted that the slowing global economy including that of Europe and the UK could be a material risk to the acquisition.
Oriental’s largest shareholder is Boon Siew Sdn Bhd, with a 43% stake in the company, which has interests in plantations, automotive sector, property development and others. Oriental and Boon Siew were founded by the late Tan Sri Loh Boon Siew.
Oriental closed unchanged yesterday at RM5.28, with 150,700 shares traded. The stock has risen sharply by 22.8% from a low of RM4.30 in November due to renewed investor interest in its growing plantation operation in Indonesia.
This article appeared in The Edge Financial Daily, February 3, 2012.
Note: Personally, I am not favor the deal, Oriental should actively look for business opportunities on plantation or property division with its huge cash reserve > 2 billions in bank so that it can grow its top and bottom lines. The revenue and profit has been stagnated last 5 year, it seem like the management not aggressive enough instead on growing business and rewarding shareholders. It is may be the reason why the share is deeply undervalued.
This marks one of the biggest acquisitions by the RM3.3 billion market cap company in recent years and comes at a strategic time with the upcoming Olympic Games in London.
In an announcement to Bursa Malaysia yesterday, Oriental said its wholly-owned subsidiary Kah Motor Company Sdn Bhd had entered into a sale and purchase agreement with Curzon Hotel Properties (GP) Ltd, The Curzon Hotel Properties Ltd Partnership and Curzon Hotels (Operator) Ltd for the acquisition of “the Kingsley hotel, its business, the lease and the assets in London”.
The London property in question comprises a freehold land with the six-storey Kingsley Hotel on it with a total built-up of about 71,000 sq ft. The Kingsley Hotel commands a four-star rating and has 129 en suite bedrooms, a brasserie restaurant, bar and lounge together with seven meeting rooms.
The hotel is strategically located in central London’s midtown district, near Covent Garden and New Oxford Street and is in close proximity to two underground stations — Holborn (Piccadilly Central Line) and Tottenham Court Road (Central Line).
 |
| The Kingsley Hotel in central London is strategically located and is close to two underground stations. |
Oriental added that no valuation had been carried out on the property and therefore the new book value of the property cannot be disclosed as it is not known. Nonetheless, it said based on the property’s earnings before interest, tax, depreciation and amortisation in 2011, the purchase price translates into a yield of 5%. Oriental will not assume liabilities from the acquisition.
The acquisition will cater for the expansion of the group’s hospitality division, said Oriental, which nevertheless noted that the slowing global economy including that of Europe and the UK could be a material risk to the acquisition.
Oriental’s largest shareholder is Boon Siew Sdn Bhd, with a 43% stake in the company, which has interests in plantations, automotive sector, property development and others. Oriental and Boon Siew were founded by the late Tan Sri Loh Boon Siew.
Oriental closed unchanged yesterday at RM5.28, with 150,700 shares traded. The stock has risen sharply by 22.8% from a low of RM4.30 in November due to renewed investor interest in its growing plantation operation in Indonesia.
This article appeared in The Edge Financial Daily, February 3, 2012.
Note: Personally, I am not favor the deal, Oriental should actively look for business opportunities on plantation or property division with its huge cash reserve > 2 billions in bank so that it can grow its top and bottom lines. The revenue and profit has been stagnated last 5 year, it seem like the management not aggressive enough instead on growing business and rewarding shareholders. It is may be the reason why the share is deeply undervalued.
Aberdeen nibbling at Oriental shares
PETALING JAYA: Aberdeen Asset Management plc has been slowly nibbling at shares of conglomerate Oriental Holdings Bhd and controls about 44.62 million shares or 7.19% equity interest in the company.
At end-March this year, the fund had about 38.1 million or 6.14% of Oriental shares. Aberdeen first surfaced as a substantial shareholder in September last year, with 31.08 million shares or 5.01% equity interest. At yesterday’s closing price of RM4.46, the block of shares it owns in Oriental is worth some RM198.99 million.
At the same time, the Employees Provident Fund (EPF) has been paring down its stake in the company.
In July 2010, EPF’s holdings in the company stood at 58.68 million shares or 9.46%, making the fund the company’s second-largest shareholder after Boon Siew Sdn Bhd, which has a 52.76% stake directly and indirectly.
As at Nov 30, EPF’s stake in Oriental stood at 44.25 million shares or a 7.13% stake.
“Oriental has about RM2.7 billion in cash and it only has loans and other short-term debts of around RM500 million. The group is basically sitting on a RM2.2 billion pile of cash, which makes it an attractive stock to buy,” an industry observer told The Edge Financial Daily.
The observer said the group’s net cash position could be the reason for investment funds to acquire its shares.
At end-March this year, the fund had about 38.1 million or 6.14% of Oriental shares. Aberdeen first surfaced as a substantial shareholder in September last year, with 31.08 million shares or 5.01% equity interest. At yesterday’s closing price of RM4.46, the block of shares it owns in Oriental is worth some RM198.99 million.
At the same time, the Employees Provident Fund (EPF) has been paring down its stake in the company.
In July 2010, EPF’s holdings in the company stood at 58.68 million shares or 9.46%, making the fund the company’s second-largest shareholder after Boon Siew Sdn Bhd, which has a 52.76% stake directly and indirectly.
As at Nov 30, EPF’s stake in Oriental stood at 44.25 million shares or a 7.13% stake.
“Oriental has about RM2.7 billion in cash and it only has loans and other short-term debts of around RM500 million. The group is basically sitting on a RM2.2 billion pile of cash, which makes it an attractive stock to buy,” an industry observer told The Edge Financial Daily.
The observer said the group’s net cash position could be the reason for investment funds to acquire its shares.
Tag :
Oriental
分享锦集 : 深读年报 寻宝藏
30/11/2010
股票投资者在收到他持有股份的公司的常年报告书之后，能翻开来细读的，少之又少。大部分投资者，对年报都不屑一顾，更不要说深入阅读了。而他投资于这家公司的资金，可能多达百万令吉，投入这么大笔的资金，却对有关公司的实况，一无所知，这种草率的态度，实在令人费解。大部分股票投资者，都申诉股票资料难找，实际上刚好相反。
上市公司都必须遵守上市条例，按时公布公司的营业状况，这就是公司每三个月发布一次的季报和每年发布一次的年报，他们所必须公布的资料都是上市条例所规定的，不得偷工减料，这些资料足供投资者评估股票的价值。投资者只要细读，对公司股份的价值，即使不能深入了解，最低限度，也会有一个清楚的概念。
股票投资者在收到他持有股份的公司的常年报告书之后，能翻开来细读的，少之又少。大部分投资者，对年报都不屑一顾，更不要说深入阅读了。而他投资于这家公司的资金，可能多达百万令吉，投入这么大笔的资金，却对有关公司的实况，一无所知，这种草率的态度，实在令人费解。大部分股票投资者，都申诉股票资料难找，实际上刚好相反。
上市公司都必须遵守上市条例，按时公布公司的营业状况，这就是公司每三个月发布一次的季报和每年发布一次的年报，他们所必须公布的资料都是上市条例所规定的，不得偷工减料，这些资料足供投资者评估股票的价值。投资者只要细读，对公司股份的价值，即使不能深入了解，最低限度，也会有一个清楚的概念。
Oriental in RM200m hospital venture
By Vasantha Ganesan
Published: 2009/06/23
The auto and plantation group will hold a controlling 51 per cent stake in the specialist hospital in Malacca
Published: 2009/06/23
The auto and plantation group will hold a controlling 51 per cent stake in the specialist hospital in Malacca
Auto and plantation group Oriental Holdings Bhd (OHB)(4006) plans to open a RM200 million specialist hospital in Malacca in 2012 to strengthen its healthcare division.Called the Melaka Straits Medical Centre, OHB will hold a controlling 51 per cent stake in the hospital that will be located in the new reclaimed coastal tourist township of Klebang in Malacca.Boon Siew Sdn Bhd, the controlling shareholder of OHB, will hold another 20 per cent, followed by Bagan Specialist Centre with 29 per cent.Boon Siew also holds the majority stake in Bagan Specialist Centre which is located in Seberang Prai, Penang."This 300-bed hospital will offer multi-diciplinary specialist healthcare services with niche specialisation in heart, lung and cancer treatment," OHB director Datuk Dr Tan Chong Siang told Business Times.Dr Tan said Malacca was chosen because land was available. The reclamation project there is handled by Ultra Green Sdn Bhd, a construction and property development subsidiary of OHB.The hospital is expected to create 500 new jobs. Construction is due to start in November this year."We choose to expand at this time of challenging economic situation because we see the synergistic opportunity presented in a field we have been involved in for the past 22 years," said Dr Tan, who is also the medical superintendent of Bagan Specialist Centre."It is a concept well received by the public from our track record, we believe we are ready now for expansion," he added.According to Dr Tan, the existing hospital, Bagan Specialist Centre in Seberang Prai in Penang, operates on the basis of good quality at minimum cost, minimum discomfort and optimum speed. It plans to do the same for the new hospital. In the year ended December 31 2007, Bagan Specialist Centre made a net profit of RM6.83 million on revenue of RM39.23 million.As for OHB, its net profit eased 3 per cent to RM314 million in 2008 while revenue was up 14 per cent to RM5.1 billion.
Tag :
Oriental
Oriental enters into JV with Honda Motor
01-08-2008: The Edge
KUALA LUMPUR: Oriental Holdings Bhd and its substantial shareholder Boon Siew Sdn Bhd (BSSB) have invited Honda Motor Co Ltd to take up a 50% stake in Oriental’s wholly-owned subsidiary, Kah Assembler Sdn Bhd (KASB) due to the liberalisation of the regional motorcycle market and the challenges posed by the Asean Free Trade Area (Afta) agreement. In a statement yesterday, Oriental said Honda Motor would acquire a 50% stake comprising 1.25 million shares of RM1 each in KASB for about RM15.5 million cash on a willing buyer, willing seller basis. It said the parties had entered into a joint venture agreement. Oriental said KASB would become its associated company and funds would be injected for working capital and new shares would be issued to the respective parties. It said KASB would change its name to Boon Siew Honda Sdn Bhd or such other name as approved by the Companies Commission of Malaysia. It said the restructuring was to take advantage of the growth opportunities in the emerging markets, in particular Asia. Both Oriental and Honda Motor proposed to develop and strengthen the Honda motorcycle operations in Malaysia and enhance the competitiveness of the products through Honda Motor’s research and development support, production technology and distribution network. Honda Motor holds a 4% stake in Oriental and is a substantial shareholder of some of Oriental’s subsidiaries.
Blogged with the Flock Browser
Tag :
Oriental
Oriental to expand plantation ops
By David Tan, The Star 27-June-2008
GEORGE TOWN: Oriental Holdings Bhd has drawn up a plan to expand its oil palm plantation business, which also includes a possible listing of the division. Group chairman Datuk Loh Cheng Yean said the company aimed to increase the plantation size to 60,000ha from 40,000ha now in two to three years. “Some RM500mil to RM600mil would need to be invested. We are looking at acquiring more oil palm plantations in Asia,” she said after the company's AGM yesterday. Apart from Malaysia, Loh said the group had oil palm plantations in Indonesia.
In 2007, the group’s plantations produced a record crop of 512,378 tonnes compared with 399,990 tonnes the year before. The yield in Malaysia, however, fell to 92,956 tonnes versus 104,691 tonnes in 2006. Loh said the drop was expected because the palms suffered slightly from stress due to the preceding year’s high yield, she said. “With the anticipated higher crude palm oil price in 2008, our plantation sector should enjoy a price-driven boost to earnings.
“The push for biofuel as an alternative energy source by various governments, coupled with higher soybean prices, will benefit the sector,” she said. For the first quarter ended March 31, the group posted a pre-tax profit of RM132.7mil on revenue of RM1.27bil. That compares with RM88mil and RM1bil respectively a year earlier.
GEORGE TOWN: Oriental Holdings Bhd has drawn up a plan to expand its oil palm plantation business, which also includes a possible listing of the division. Group chairman Datuk Loh Cheng Yean said the company aimed to increase the plantation size to 60,000ha from 40,000ha now in two to three years. “Some RM500mil to RM600mil would need to be invested. We are looking at acquiring more oil palm plantations in Asia,” she said after the company's AGM yesterday. Apart from Malaysia, Loh said the group had oil palm plantations in Indonesia.
In 2007, the group’s plantations produced a record crop of 512,378 tonnes compared with 399,990 tonnes the year before. The yield in Malaysia, however, fell to 92,956 tonnes versus 104,691 tonnes in 2006. Loh said the drop was expected because the palms suffered slightly from stress due to the preceding year’s high yield, she said. “With the anticipated higher crude palm oil price in 2008, our plantation sector should enjoy a price-driven boost to earnings.
“The push for biofuel as an alternative energy source by various governments, coupled with higher soybean prices, will benefit the sector,” she said. For the first quarter ended March 31, the group posted a pre-tax profit of RM132.7mil on revenue of RM1.27bil. That compares with RM88mil and RM1bil respectively a year earlier.
Tag :
Oriental
1st Quarter FY08 Earning Updates
1. BLDPLNT - BLD Plantation reported 60.6 mil revenue with net profit of 19.3 mil which it EPS resulted as 22.72 sen. EPS for FY08 expected to be significant improve as the average CPO remain above RM3000 in conjuction with more planted area slow become mature. As present, the group has a total landbank of 53K ha of which 23K ha are planted areas with about 50% maturity. And BLDPLNT is still borrowing money to expand its planting programme. If CPO continue to rally next two year which will generate big cash flow from operating to help to reduce bank borrowing.
2. Oriental Holding - Oriental reported 1,274 mil revenue with net profit of 75 mil which translates to 14.63 sen. Based on it last Annual Report shown that the group have total palm oil landof 39K ha in Malaysia and Indonesia which planted are of 25K ha, and 90% of the planted area are matured . The FFB yield per Ha is 25.37 MT. The group anticipates their plantation sector continue increase the contribution of the bottomline. With recently Fuel price hikes in Malaysia, not sure it will help to its Honda motorbike distribution business.
2. Oriental Holding - Oriental reported 1,274 mil revenue with net profit of 75 mil which translates to 14.63 sen. Based on it last Annual Report shown that the group have total palm oil landof 39K ha in Malaysia and Indonesia which planted are of 25K ha, and 90% of the planted area are matured . The FFB yield per Ha is 25.37 MT. The group anticipates their plantation sector continue increase the contribution of the bottomline. With recently Fuel price hikes in Malaysia, not sure it will help to its Honda motorbike distribution business.
Tag :
BLD Plantation,
Oriental
Oriental 3Q'07 Earning Report Summary
3rd quarter EPS = 20.38 sen
9 months EPS = 47.59 sen
NTA = RM 6.34
Cash in Bank = RM1.5 billion
Review
The year-to-date revenue of RM3,251.4 million was 8.0% higher than the corresponding period
last year with year-to-date profit before tax of RM386.1 million, a 16.2% higher than the
corresponding period last year.
The performance of the automotive retailing subsidiaries for both Malaysia and Singapore was
in tandem with the overall sentiment of the motor industry. The motor vehicle sales in Malaysia
continued to be affected by lower vehicles sales during this current difficult operating
environment. However, motor vehicle sales in Singapore show some sign of recovery as compared to previous two quarters. The performance of other non-automotive related
subsidiaries in the Group was slightly better than expected. The performance of the overseas
plantation was boosted by the significant higher CPO prices and higher crop production.
However, the unfavourable exchange trimmed the contribution resulting in a slightly higher
contribution as compared to last quarter. The performance of the hotel and resort sector was
cyclical and the contribution was higher this quarter.
9 months EPS = 47.59 sen
NTA = RM 6.34
Cash in Bank = RM1.5 billion
Review
The year-to-date revenue of RM3,251.4 million was 8.0% higher than the corresponding period
last year with year-to-date profit before tax of RM386.1 million, a 16.2% higher than the
corresponding period last year.
The performance of the automotive retailing subsidiaries for both Malaysia and Singapore was
in tandem with the overall sentiment of the motor industry. The motor vehicle sales in Malaysia
continued to be affected by lower vehicles sales during this current difficult operating
environment. However, motor vehicle sales in Singapore show some sign of recovery as compared to previous two quarters. The performance of other non-automotive related
subsidiaries in the Group was slightly better than expected. The performance of the overseas
plantation was boosted by the significant higher CPO prices and higher crop production.
However, the unfavourable exchange trimmed the contribution resulting in a slightly higher
contribution as compared to last quarter. The performance of the hotel and resort sector was
cyclical and the contribution was higher this quarter.
Tag :
Oriental
Oriental 2Q'07 Segment Results
Please click on the Title to see the segment breakdown
Oriental Palm Oil segment contribute nearly 30% of the 1 half of this year on profit before tax. I would expect contribution from oil palm business will continue to grow as price of CPO. We will see how the Oriental to utilize of her RM1.4 billion free cash siting in Bank right now. Accumulate Oriental when price drop around RM6.50....
Oriental Palm Oil segment contribute nearly 30% of the 1 half of this year on profit before tax. I would expect contribution from oil palm business will continue to grow as price of CPO. We will see how the Oriental to utilize of her RM1.4 billion free cash siting in Bank right now. Accumulate Oriental when price drop around RM6.50....
Tag :
Oriental
Oriental Holding Berhad Quarterly Result 2QFY07
Comments: Oreintal continue to build up huge positive cash flow. Latest free cash
Review of earnings and/or revenue of the Company and its subsidiaries for current quarter and financial year-to-date
The year-to-date revenue of RM2,054.7 million was 2.0% higher than the corresponding period
last year with year-to-date profit before tax of RM226.6 million, a 17.8% higher than the corresponding period last year.
The performance of the automotive retailing subsidiaries for both Malaysia and Singapore was in tandem with the overall sentiment of the motor industry. The motor vehicle sales in Malaysia
continued to be affected by lower vehicles sales. However, motor vehicle sales in Singapore were at the same level as previous quarter. The performance of other non-automotive related subsidiaries in the Group was slightly better. Due to the favourable exchange, the performance of the overseas plantation improved significantly as compared to last quarter. The performance of the hotel and resort sector was cyclical and due to the cold weather, the contribution was wer this quarter.
Material Change in Profit Before Taxation ("PBT") reported on as compared with the immediate preceding quarter
The Group’s PBT for the second quarter of 2007 was RM137.9 million as compared to RM88.7 million in the preceding quarter. The Group’s revenue for the second quarter of 2007 was RM1,048.8 million when compared to RM1,005.9 million in the preceding quarter.
The Group’s PBT for the second quarter of 2007 increased by RM49.2 million or 55.5% and the revenue increased by RM42.9 million or 4.3% when compared to the preceding quarter.
The higher crop production and the slightly higher CPO prices helped to improve the operating profit and together with the favourable foreign exchange, contribution from the overseas plantation improved significantly for this quarter. Revenue and contribution from the automobile retailing in Singapore remained at the same level as previous quarter. The low vehicles sales resulted in drop in revenue and contribution of the automotive retailing in Malaysia. Performance of the hotel and resort sector was slightly lower compared to the peceding quarter.
in bank is stand as RM 1.48 billion.
Review of earnings and/or revenue of the Company and its subsidiaries for current quarter and financial year-to-date
The year-to-date revenue of RM2,054.7 million was 2.0% higher than the corresponding period
last year with year-to-date profit before tax of RM226.6 million, a 17.8% higher than the corresponding period last year.
The performance of the automotive retailing subsidiaries for both Malaysia and Singapore was in tandem with the overall sentiment of the motor industry. The motor vehicle sales in Malaysia
continued to be affected by lower vehicles sales. However, motor vehicle sales in Singapore were at the same level as previous quarter. The performance of other non-automotive related subsidiaries in the Group was slightly better. Due to the favourable exchange, the performance of the overseas plantation improved significantly as compared to last quarter. The performance of the hotel and resort sector was cyclical and due to the cold weather, the contribution was wer this quarter.
Material Change in Profit Before Taxation ("PBT") reported on as compared with the immediate preceding quarter
The Group’s PBT for the second quarter of 2007 was RM137.9 million as compared to RM88.7 million in the preceding quarter. The Group’s revenue for the second quarter of 2007 was RM1,048.8 million when compared to RM1,005.9 million in the preceding quarter.
The Group’s PBT for the second quarter of 2007 increased by RM49.2 million or 55.5% and the revenue increased by RM42.9 million or 4.3% when compared to the preceding quarter.
The higher crop production and the slightly higher CPO prices helped to improve the operating profit and together with the favourable foreign exchange, contribution from the overseas plantation improved significantly for this quarter. Revenue and contribution from the automobile retailing in Singapore remained at the same level as previous quarter. The low vehicles sales resulted in drop in revenue and contribution of the automotive retailing in Malaysia. Performance of the hotel and resort sector was slightly lower compared to the peceding quarter.
Current year prospects
The performance of the plantation subsidiaries is expected to improve further with the increase
in crop production, provided that the CPO prices stay at the current level and foreign exchange remains favourable. The performances of the automotive related subsidiaries are expected to be in tandem with the industry trend. The revenue and the contribution from the overseas subsidiaries in the tourism and hospitality industry are expected to improve. Barring unforeseen circumstances, the Board of Directors expects the Group’s performance for Year 2007 to be satisfactory.
The performance of the plantation subsidiaries is expected to improve further with the increase
in crop production, provided that the CPO prices stay at the current level and foreign exchange remains favourable. The performances of the automotive related subsidiaries are expected to be in tandem with the industry trend. The revenue and the contribution from the overseas subsidiaries in the tourism and hospitality industry are expected to improve. Barring unforeseen circumstances, the Board of Directors expects the Group’s performance for Year 2007 to be satisfactory.
Tag :
Oriental
Oriental and Penang island properties updates (TheEdge Malaysia)
The company owns 118 acres of vacant freehold land on Penang island alone, mainly in the northeast as well as in Bayan lepas. The properties were acquired many years ago and Oriental is carrying them at a low cost of RM54.3 mil in the balance sheet, or RM10.56 psf. The company has amarket cap of RM3.08 billion and net cash of RM1.06 billion.
The government which has pledged some RM5.7 bilion for three projects to improve the island's infrastructure. The new infrastructure is expectedto drive up the property demand.
In the past one-and a half year, land prices in penang have appreciated 25% to between RM150 to RM280 psf. A high-end condo in Gurney Drive could fetch up to RM450. Industry player reckon prices could go up further.
The government which has pledged some RM5.7 bilion for three projects to improve the island's infrastructure. The new infrastructure is expectedto drive up the property demand.
In the past one-and a half year, land prices in penang have appreciated 25% to between RM150 to RM280 psf. A high-end condo in Gurney Drive could fetch up to RM450. Industry player reckon prices could go up further.
Tag :
Oriental
Jaya Tiasa Bhd and Oriental Holding Bhd
Jaya Tiasa share is closed at RM5.95 and Oriental is closed at RM 5.80.
Investor could realise some of the gain of Jaya Tiasa at RM 6.00 -7.00 in near term although it long term prospect continue to bright when their palm oil plantation start to mature and contribute significantly to the bottom line after 2010.
Customer should continue to hold the Oriental and I expect the share will continue it upward trend since PER is <10x. The share should value at least RM7.20.
Investor could realise some of the gain of Jaya Tiasa at RM 6.00 -7.00 in near term although it long term prospect continue to bright when their palm oil plantation start to mature and contribute significantly to the bottom line after 2010.
Customer should continue to hold the Oriental and I expect the share will continue it upward trend since PER is <10x. The share should value at least RM7.20.
Tag :
Jaya Tiasa,
Oriental
Oriental Holding Bhd - Introduction
Oriental Holding Bhd - Buy
Oriental Holdings Berhad is engaged in investment holding, the provision of commission agency services and the provision of management services. The Company operates in six segments: automotive and related products, which includes retailing, assembly and distribution of motor vehicles; manufacture of engines, seats and other related parts, as well as traders of spare parts, accessories and related component parts; plastic products, which includes the manufacture, assembly and distribution of plastic component parts; manufacture of plastic technical and industrial goods and equipment; hotels and resorts; investment holding and financial services, which includes investment in shares and bonds, letting of properties and leasing companies; plantation, which includes cultivation of oil palm, and others, including property development. Oriental Holdings Berhad operates in Malaysia and Singapore. In September 2006, Boon Siew Sdn. Berhad had a 43% interest in the Company.
The current NTA per share stand for RM5.9 and it has RM2.4 per share cash in bank. At current share price of RM 4.40, the counter is very attractive.
Oriental Holdings Berhad is engaged in investment holding, the provision of commission agency services and the provision of management services. The Company operates in six segments: automotive and related products, which includes retailing, assembly and distribution of motor vehicles; manufacture of engines, seats and other related parts, as well as traders of spare parts, accessories and related component parts; plastic products, which includes the manufacture, assembly and distribution of plastic component parts; manufacture of plastic technical and industrial goods and equipment; hotels and resorts; investment holding and financial services, which includes investment in shares and bonds, letting of properties and leasing companies; plantation, which includes cultivation of oil palm, and others, including property development. Oriental Holdings Berhad operates in Malaysia and Singapore. In September 2006, Boon Siew Sdn. Berhad had a 43% interest in the Company.
The current NTA per share stand for RM5.9 and it has RM2.4 per share cash in bank. At current share price of RM 4.40, the counter is very attractive.
Tag :
Oriental
