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SEAL: The company is involved in property development, property management and timber.
Its asset per share stood at rm1.16 as at 3QFY2014.
The company has shown a turnaround in the last seven consecutive quarters. It began with a turnaround with the completion of the first phase of its 5ha Bayan City project in Penang. The company plans to launch the second phase of the project, which has a GDV of rm1 billion.
Bayan City is a JV with Penang based Koperasi Tunas Muda.
Seal is planning to move to the Klang Valley eyeing small land tracts to acquire. It is seeking to expand its focus to the central region.
It had launched a mixed development property JV with KL City Hall and Dwitasik Sdn Bhd in Bdr Sri Permaisuri Cheras. The project is set for completion in 2018 worth GDV of rm800 million.
It is moving into property development and property management, to create a portfolio of recurring income for the company.
Seal has almost zero borrowings with cash and cash equivalents for 2014 of rm113.3 million.
The company has small parcels of land in Sungai Petani, Kedah (4ha) and Langkawi (2.4ha). Seal is mulling either developing both or holding an outright land sale.
YFG: The integrated engineering and mechanical company which managed to turnaround for the financial year ended June 30 2012 with a net profit of rm1.25 million from a net loss of rm12.3 million in the previous year, has chartered commendable growth in the subsequent financial year.
After all the company turnaround is due mainly to disposal of non profitable subsidiaries and kitchen sinking exercise involving impairment and write off.
The company posted a higher net profit of rm4.6 million on the back of rm135.8 million revenue in FY2013. For the current financial year, it is also moving on the right track. In the nine months ended March 31 2014 it registered a higher net profit of rm1.6 million from rm901000 mainly due to higher revenue of rm121.8 million and a gain of disposal of a subsidiary.
While it has performed well over the past two years, its profit margins are low.
In Aug 2013, it had bagged a rm256 million from Palikota Sdn Bhd for a high rise development in Sabah, making its first move to diversify from its mainstay E&M business, which accounted for 90% of its revenue.
It had subsequently secured a rm42.4 million contract to undertake a mixed commercial development cum bus terminal in KK.
It is also diversifying into property development.
Near future expansion plans include growing its recurring income business and businesses related to renewable to renewable energy and hospitality. It aims to grow its order book for its renewable energy business.
Currently (July 2014), it has an order book in excess of rm550 million.
Its cash and cash balances stood at rm2 million as at March 31 2014 and operation cash deficit of rm17.6 million for the nine months just ended.
It has total borrowings of rm29.7 million as at March 31 2014 while its accumulated losses stood at rm22.6 million.
General Technology Sdn Bhd in which YFG director Lim Choong Yik is related to, surfaced as YFG’s substantial shareholder with a 9.60% stake on Sept 2013. Choong Yik has a direct stake of 1.64% stake and indirect stake of 0.49% in YFG.
Sine the new shareholders emerged in the company, it has ceased all overseas to focus on the domestic market.
The company is bidding for some rm800 million worth of bids comprises E&M projects.
In May 2014, it was awarded a rm32 million MRT contract for the Sungai Buloh depot. It has also a rm110 million engineering procurement and construction job in hand to build a 13MW biomass renewable energy plant in Bera, Paahng.
PUC: It is raising fresh capital to possibly venture into the solar energy business.
It had proposed a private placement of 845 million shares to raise to rm15.63 million at an indicative price of 18.5 sen. The proceeds of rm11.33 million raised are expected to be invested in new businesses.
In addition, it proposed a bonus issue with free warrants.
It is planning to set up a solar power plant in Malaysia to participate in the FIT programme.
It has been in the business of providing electronic publishing systems to the Chinese language publishing industry. It also operates a biometrics division that develops fingerprinting security systems and IT solutions.
Its asset per share stood at rm1.16 as at 3QFY2014.
The company has shown a turnaround in the last seven consecutive quarters. It began with a turnaround with the completion of the first phase of its 5ha Bayan City project in Penang. The company plans to launch the second phase of the project, which has a GDV of rm1 billion.
Bayan City is a JV with Penang based Koperasi Tunas Muda.
Seal is planning to move to the Klang Valley eyeing small land tracts to acquire. It is seeking to expand its focus to the central region.
It had launched a mixed development property JV with KL City Hall and Dwitasik Sdn Bhd in Bdr Sri Permaisuri Cheras. The project is set for completion in 2018 worth GDV of rm800 million.
It is moving into property development and property management, to create a portfolio of recurring income for the company.
Seal has almost zero borrowings with cash and cash equivalents for 2014 of rm113.3 million.
The company has small parcels of land in Sungai Petani, Kedah (4ha) and Langkawi (2.4ha). Seal is mulling either developing both or holding an outright land sale.
YFG: The integrated engineering and mechanical company which managed to turnaround for the financial year ended June 30 2012 with a net profit of rm1.25 million from a net loss of rm12.3 million in the previous year, has chartered commendable growth in the subsequent financial year.
After all the company turnaround is due mainly to disposal of non profitable subsidiaries and kitchen sinking exercise involving impairment and write off.
The company posted a higher net profit of rm4.6 million on the back of rm135.8 million revenue in FY2013. For the current financial year, it is also moving on the right track. In the nine months ended March 31 2014 it registered a higher net profit of rm1.6 million from rm901000 mainly due to higher revenue of rm121.8 million and a gain of disposal of a subsidiary.
While it has performed well over the past two years, its profit margins are low.
In Aug 2013, it had bagged a rm256 million from Palikota Sdn Bhd for a high rise development in Sabah, making its first move to diversify from its mainstay E&M business, which accounted for 90% of its revenue.
It had subsequently secured a rm42.4 million contract to undertake a mixed commercial development cum bus terminal in KK.
It is also diversifying into property development.
Near future expansion plans include growing its recurring income business and businesses related to renewable to renewable energy and hospitality. It aims to grow its order book for its renewable energy business.
Currently (July 2014), it has an order book in excess of rm550 million.
Its cash and cash balances stood at rm2 million as at March 31 2014 and operation cash deficit of rm17.6 million for the nine months just ended.
It has total borrowings of rm29.7 million as at March 31 2014 while its accumulated losses stood at rm22.6 million.
General Technology Sdn Bhd in which YFG director Lim Choong Yik is related to, surfaced as YFG’s substantial shareholder with a 9.60% stake on Sept 2013. Choong Yik has a direct stake of 1.64% stake and indirect stake of 0.49% in YFG.
Sine the new shareholders emerged in the company, it has ceased all overseas to focus on the domestic market.
The company is bidding for some rm800 million worth of bids comprises E&M projects.
In May 2014, it was awarded a rm32 million MRT contract for the Sungai Buloh depot. It has also a rm110 million engineering procurement and construction job in hand to build a 13MW biomass renewable energy plant in Bera, Paahng.
PUC: It is raising fresh capital to possibly venture into the solar energy business.
It had proposed a private placement of 845 million shares to raise to rm15.63 million at an indicative price of 18.5 sen. The proceeds of rm11.33 million raised are expected to be invested in new businesses.
In addition, it proposed a bonus issue with free warrants.
It is planning to set up a solar power plant in Malaysia to participate in the FIT programme.
It has been in the business of providing electronic publishing systems to the Chinese language publishing industry. It also operates a biometrics division that develops fingerprinting security systems and IT solutions.
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