【LFECORP 7170 交流专区】隆发工程

icy97

ype	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN
Description	LFE CORPORATION BERHAD ("LFE" OR THE "COMPANY") - PROPOSED REGULARISATION PLAN
PROPOSED REGULARISATION PLAN TO REGULARISE ITS FINANCIAL CONDITION AND LEVEL OF OPERATIONS PURSUANT TO PARAGRAPH 8.04 AND PRACTICE NOTE 17 ("PN 17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("MMLR") ("PROPOSED REGULARISATION PLAN") (Unless otherwise stated, the definitions used herein shall gave the same meanings as set out in LFE's announcement dated 30 September 2013). Reference is made to the announcements made by MIDF Investment on behalf of LFE dated 23 September 2013, 30 September 2013, 1 October 2013, 18 October 2013, 30 December 2013, 7 April 2014, 2 July 2014, 10 July 2014, 25 July 2014 and 7 May 2015 pertaining to the Proposed Regularisation Plan. On behalf of the Board of Directors of LFE, MIDF Investment wishes to announce that in respect of the Proposed Rights Issue, the Board has determined that the issue price of the LFE Shares to be issued pursuant to the Proposed Rights Issue has been fixed at RM0.30 per Rights Share. The Board has fixed the issue price of the Rights Shares at RM0.30 per Rights Share after taking into consideration of the following: (a) the par value of new LFE Shares at RM0.30 each after the Proposed Capital Reduction; (b) the TERP based on the five (5)-day VWAMP of LFE Shares up to and including 20 July 2015; and (c) the funding requirements of LFE. The issue price of RM0.30 per Rights Share represents a premium of approximately 30.43% to the TERP of RM0.23 based on the five (5)-day VWAMP of LFE Shares up to and including 20 July 2015 of RM0.20.

pts2222

新大股東料頒更多工程‧隆發擴海外進軍酒店建設
2015-09-11 11:12
http://biz.sinchew.com.my/node/122496?tid=6

（吉隆坡10訊）隆發工程（LFECORP,7170,主板貿服組）有望獲得新大股東Shapadu頒發更多產業工程合約，同時該公司也將擴張海外業務和進軍酒店建設領域。

重組順利
該公司執行董事劉劍文今日在股東特大後表示，該公司目前進行的重組計劃十分順利。由於近期獲得即將成為其大股東的Shapadu頒發多項工程合約，公司業務有望改善。

但由於部份工程會遲至明年才開始，因此會遲至2016年財政年度才反映在業績上。

該公司從去年至今已經獲得Shapadu頒發4項工程。這些工程分別位於布城、登嘉樓、吉隆坡及倫敦。其位於登嘉樓Kerteh的工程項目已經接近90%完成。

明年4月，公司會開始進行其布城的酒店電機及水務的工程項目。倫敦的項目最遲在2019年完成。

劉劍文補充，目前Shapadu有許多產業發展計劃，該公司將有望獲得頒發更多產業工程合約。

此外，公司目前也打算擴張海外業務。目前公司已經在倫敦以及卡達爾進行相關業務。接著一年，公司將會在進入東南亞的產業管理及酒店業的市場。

馬幣跌為利多
目前，隆發工程在越南、卡達爾以及阿聯酋都擁有業務以及工程執照。

在回應馬幣下跌的問題，他說道，雖然部份進口原料已經上漲20%。但該公司在阿布扎比擁有部份產業的股權。這些產業價值在扣除債務後，仍然有相當不錯的盈利。兩者相較之下，馬幣下跌對公司來說是一項利多。

與此同時，他認為大環境疲軟對公司影響不大。他表示其主要的產業客戶目前沒有放緩產業項目。該公司目前手上已經獲得工程約有4億令吉，接著也會競標約3億令吉工程。該公司以往的競標成功率是20%。

該公司正進行削資及發售新股以籌募資金改善財務，一旦重組完成，負債率將從1.54%下跌至0.12%至0.16%。（ 星洲日報／財經）

icy97

隆发工程末季赚24.7万

财经新闻 财经  2015-09-29 11:57
（吉隆坡28日讯）隆发工程（LFECORP，7170，主板贸服股）截至7月31日止末季，净利达24万7000令吉，上财年同期为净亏损达15万4000令吉。

该公司向马交所报备，末季营业额也大跌56%，从上财年同期的813万9000令吉，跌至358万1000令吉。

根据该公司文告，累积全年，净利达87万9000令吉，飙涨3.43倍，营业额则跌12.67%，录得2802万4000令吉。

末季全部工程的盈利赚幅都有所改善，平均达32%，且赚幅较高，是因为工程已经步入后期，且没有进一步的增加成本。

隆发工程指出，由于该公司已陷入PN17行列，因此，仍需等待重组计划获得批准。

5月7日，马交所批准该公司附有条件重组计划。

9月10日，股东也批准该计划。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2015	31 Jul 2014	31 Jul 2015	31 Jul 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	3,581	8,139	28,024	32,089
2	Profit/(loss) before tax	247	-63	899	352
3	Profit/(loss) for the period	247	-154	879	198
4	Profit/(loss) attributable to ordinary equity holders of the parent	247	-154	879	198
5	Basic earnings/(loss) per share (Subunit)	0.29	-0.18	1.04	0.23
6	Proposed/Declared dividend per share (Subunit)	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 attributable to ordinary equity holders of the parent ($$)	0.1800		0.1300

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EX-date	26 Oct 2015
Entitlement date	28 Oct 2015
Entitlement time	05:00 PM
Entitlement subject	Rights Issue
Entitlement description	RENOUNCEABLE RIGHTS ISSUE OF UP TO 42,450,001 NEW ORDINARY SHARES OF RM0.30 EACH IN LFE CORPORATION BERHAD ("LFE SHARES") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.30 EACH IN LFE HELD AS AT 5.00 P.M. ON 28 OCTOBER 2015 AT AN ISSUE PRICE OF RM0.30 PER RIGHTS SHARE ("RIGHTS ISSUE")
Period of interest payment	to
Financial Year End
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:03-78490777Fax:03-78418151/52
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	28 Oct 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)	42,450,001
Entitlement indicator	Ratio
Ratio	1 : 2
Rights Issue/Offer Price	Malaysian Ringgit (MYR) 0.300
Par Value	Malaysian Ringgit (MYR) 0.300

Despatch date	30 Oct 2015
Date for commencement of trading of rights	29 Oct 2015
Date for cessation of trading of rights	05 Nov 2015
Date for announcement of final subscription result and basis of allotment of excess Rights Securities	19 Nov 2015
Listing Date of the Rights Securities	26 Nov 2015

Last date and time for	Date	Time
Sale of provisional allotment of rights	04 Nov 2015	at	05:00:00 PM
Transfer of provisional allotment of rights	09 Nov 2015	at	05:00:00 PM
Acceptance and payment	13 Nov 2015	at	05:00:00 PM
Excess share application and payment	13 Nov 2015	at	05:00:00 PM

icy97

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN
Description	LFE CORPORATION BERHAD ("LFE" OR THE "COMPANY")RENOUNCEABLE RIGHTS ISSUE OF UP TO 42,450,001 NEW ORDINARY SHARES OF RM0.30 EACH IN LFE ("LFE SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.30 EACH IN LFE HELD AS AT 5.00 P.M. ON 28 OCTOBER 2015 AT AN ISSUE PRICE OF RM0.30 PER RIGHTS SHARE ("RIGHTS ISSUE")
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in our announcement dated 30 September 2013.) Reference is made to the earlier announcements made by MIDF Investment on behalf of LFE in relation to the Rights Issue. On behalf of the Board of Directors of LFE, MIDF Investment wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 13 November 2015 ("Closing Date"), LFE received valid acceptances and excess applications for a total of 18,801,916 Rights Shares. This represents a subscription level of approximately 44.29% of the total number of Rights Shares available under the Rights Issue. Details of valid acceptances and excess applications received as at the Closing Date are as follows: No. of Rights Shares % of total issue Total valid acceptances 11,840,366 27.89 Total valid excess applications 6,961,550 16.40 Total valid acceptances and excess applications 18,801,916 44.29 Total Rights Shares available for subscription 42,449,996* 100.00 Total under-subscribed Rights Shares 23,648,080 55.71 Note: *   Referring to the total of rights issued by SPEEDs when all of the fraction is being disregarded. As the acceptances and excess application fall below the maximum issue size of 42,449,996 Rights Shares, the issue size of the Rights Issue shall be based on 18,801,916 Rights Shares. The Rights Shares are expected to be listed on the Main Market of Bursa Malaysia Securities Berhad on 26 November 2015.

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LFE CORPORATION BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Rights Issue
Details of corporate proposal	RENOUNCEABLE RIGHTS ISSUE OF UP TO 42,450,001 NEW ORDINARY SHARES OF RM0.30 EACH IN LFE ("LFE SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.30 EACH IN LFE HELD AS AT 5.00 P.M. ON 28 OCTOBER 2015 AT AN ISSUE PRICE OF RM0.30 PER RIGHTS SHARE ("RIGHTS ISSUE")
No. of shares issued under this corporate proposal	18,801,916
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.3000
Par Value ($$)	Malaysian Ringgit (MYR)   0.300
Latest issued and paid up share capital after the above corporate proposal in the following
Units	103,701,918
Currency	Malaysian Ringgit (MYR) 31,110,575.400
Listing Date	26 Nov 2015
2. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	PRIVATE PLACEMENT OF 66,666,667 NEW ORDINARY SHARES OF RM0.30 EACH IN LFE ("PLACEMENT SHARES") TO BE SUBSCRIBED BY STRATEGIC INVESTORS AT AN ISSUE PRICE OF RM0.30 PER PLACEMENT SHARE ("PRIVATE PLACEMENT")
No. of shares issued under this corporate proposal	66,666,667
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.3000
Par Value ($$)	Malaysian Ringgit (MYR)   0.300
Latest issued and paid up share capital after the above corporate proposal in the following
Units	170,368,585
Currency	Malaysian Ringgit (MYR) 51,110,575.500
Listing Date	26 Nov 2015
3. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Special Issue
Details of corporate proposal	DEBT SETTLEMENT WHICH COMPRISES ISSUANCE OF APPROXIMATELY 11,197,117 NEW LFE SHARES TO OCBC BANK (M) BERHAD, MALAYAN BANKING BERHAD, HONG LEONG BANK BERHAD AND HONG LEONG ISLAMIC BANK BERHAD
No. of shares issued under this corporate proposal	11,197,117
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.3000
Par Value ($$)	Malaysian Ringgit (MYR)   0.300
Latest issued and paid up share capital after the above corporate proposal in the following
Units	181,565,702
Currency	Malaysian Ringgit (MYR) 54,469,710.600
Listing Date	26 Nov 2015

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Date of change	27 Nov 2015
Name	DATO ROSTHMAN BIN IBRAHIM
Age	43
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	He holds a Bachelor of Science in Management (Finance) from Case Western Reserve University, Cleveland Ohio, USA and Diploma in Business Studies from MARA Institute of Technology.
Working experience and occupation	He started his career as a Corporate Banking Officer in 1996 with Chung Khiaw Bank (M) Bhd and from 1996 till 1999 he was the Corporate Advisory Manager of Business Focus Sdn Bhd. In 1999, he joined Pengurusan Danaharta Nasional Berhad as an Executive. He then joined Crowe Horwath Advisory Sdn Bhd in November 2008 as Principal, Corporate Advisory. He left Crowe Horwath Advisory Sdn Bhd in January 2010 to join Shapadu Corporation Sdn Bhd. as Group Executive Director; a position he holds until now.
Directorship of public companies (if any)	1. ARK RESOURCES BERHAD2. GAS MALAYSIA BERHAD (ALTERNATE DIRECTOR)

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Date of change	27 Nov 2015
Name	DATO SHAFIZ BIN DATO' SHAHRANI
Age	36
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	He completed his Skilled Management from Malaysian Institute of Management and Diploma in Business  with Information Technology from Asia Pacific Institute of Information Technology.
Working experience and occupation	He started his career as Business Development Executive with Shapadu Corporation Sdn Bhd in year 2000 and move on to various position such as Chief Operating Officer, Executive Director, commercial within Shapadu Group. He is currently holding the position as the Group Managing Director in Shapadu Group.
Directorship of public companies (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Indirect InterestShapadu Capital Sdn Bhd - 58,677,250 (32.32%)Deemed interested by virtue of shareholding in Shapadu Corporation Sdn Bhd and Shaakami Corporation Sdn Bhd pursuant to Section 6A of the Companies Act, 1965
Due Date for MAP	27 Mar 2016

icy97

隆發工程出現新大股東

2015-12-08 10:25      
（吉隆坡7日訊）隆發工程（LFECORP，7170，主板貿服組）出現新股東，包括已故土著企業家沙拉尼阿都拉的家族控制的Shapadu公司。

交易所數據顯示，Shapadu公司上月26日透過附加股和私下配股，認購隆發工程的32.32%股權或5千622萬股，崛起成為控股股東。

Shapadu公司主要涉足油氣、房產發展和物流等業務。

此外，Daisy Bliss公司上月26日也透過私下配股，收購隆發工程的6.43%股權或1千166萬6千667股。（星洲日報／財經）

Notice of Interest Sub. S-hldr (29A)

LFE CORPORATION BERHAD

Particulars of Substantial Securities Holder

Name	SHAPADU CAPITAL SDN BHD
Address	Lot 10, Jalan Pelabur 23/1 Seksyen 23 Shah Alam 40000 Selangor Malaysia.
NRIC/Passport No/Company No.	913522-H
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.30 each
Name & address of registered holder	Shapadu Capital Sdn BhdLot 10, Jalan Pelabur 23/1Seksyen 2340000 Shah AlamSelangor Darul Ehsan

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	26 Nov 2015
No of securities	56,225,750
Circumstances by reason of which Securities Holder has interest	Rights Issue and Private Placement
Nature of interest	Direct Interest
Price Transacted ($$)	0.300
Total no of securities after change
Direct (units)	58,677,250
Direct (%)	32.32
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	02 Dec 2015

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Notice of Interest Sub. S-hldr (29A)

LFE CORPORATION BERHAD

Particulars of Substantial Securities Holder

Name	DAISY BLISS SDN BHD
Address	Unit 621, 6th Floor, Block A Kelana Centre Point No. 3, Jalan SS7/19, Kelana Jaya Petaling Jaya 47301 Selangor Malaysia.
NRIC/Passport No/Company No.	1048463-M
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.30 each
Name & address of registered holder	Daisy Bliss Sdn BhdUnit 621, 6th Floor, Block AKelana Centre PointNo. 3, Jalan SS7/19, Kelana Jaya47301 Petaling JayaSelangor Darul Ehsan

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	26 Nov 2015
No of securities	11,666,667
Circumstances by reason of which Securities Holder has interest	Private Placement
Nature of interest	Direct Interest
Price Transacted ($$)
Total no of securities after change
Direct (units)	11,666,667
Direct (%)	6.43
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	02 Dec 2015

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Oct 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Oct 2015	31 Oct 2014	31 Oct 2015	31 Oct 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	3,933	7,739	3,933	7,739
2	Profit/(loss) before tax	288	393	288	393
3	Profit/(loss) for the period	288	393	288	393
4	Profit/(loss) attributable to ordinary equity holders of the parent	288	393	288	393
5	Basic earnings/(loss) per share (Subunit)	0.34	0.46	0.34	0.46
6	Proposed/Declared dividend per share (Subunit)	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 attributable to ordinary equity holders of the parent ($$)	0.2100		0.1800

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2016	31 Jan 2015	31 Jan 2016	31 Jan 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	8,349	8,849	12,281	16,588
2	Profit/(loss) before tax	322	130	610	523
3	Profit/(loss) for the period	322	130	610	523
4	Profit/(loss) attributable to ordinary equity holders of the parent	322	130	610	523
5	Basic earnings/(loss) per share (Subunit)	0.22	0.15	0.41	0.62
6	Proposed/Declared dividend per share (Subunit)	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 attributable to ordinary equity holders of the parent ($$)	0.2500		0.1800

icy97

持續獲利‧隆發工程有望脫離PN17

2016-04-11 17:12      
（吉隆坡11日訊）隆發工程（LFECORP，7170，主板貿服組）有望在持續幾季錄得盈利的情況下，於今年脫離PN17陷困公司行列。

該公司執行董事拿督羅斯曼在股東特大後透露，該公司已在去年11月提呈財務重組計劃於大馬股票交易所，而只要公司持續幾個季度取得盈利，將有望從PN17行列當中除名。

他說，公司已經連續幾個季度取得盈利，符合申請脫離PN17的資格，一旦在接下來公佈的第二季及第三季財報取得盈利，公司則會根據程序申請脫離PN17。

羅斯曼補充道，“希望能在今年6月即能讓公司脫離PN17行列。”

隆發工程董事經理劉劍文說，隆發工程目前在大馬及緬甸合共有逾2億令吉的競標項目，皆是來自電氣機械及建築項目，根據以往經驗，該公司成功競標率為20%。

手握4億訂單

劉劍文也表示，該公司目前手握逾4億令吉的訂單，可供公司忙碌至少3年。

此外，劉劍文指出，該公司目前的盈利貢獻分別是80%來自電氣機械，20%則來自建築業務。

“希望在未來能夠達到50%盈利貢獻來自電氣機械及50%來自建築業務。”

羅斯曼表示，該公司目前在進行中的則是產業發展總值7億令吉，合約為期3年的Shapadu City Village的承包工程。

劉劍文說，該公司在2009年時，80%盈利貢獻來自海外業務，20%來自本地業務，惟隨著海外工程已完成，目前的盈利貢獻則大部份來自本地業務。

積極拓展海外業務

他說，該公司一直極力於拓展海外業務。目前，在越南、卡塔爾及阿布扎比皆設有辦事處。

他說，該公司目前在卡塔爾及阿布扎比的項目已經完成，只剩小型項目在進行中。

不過，劉劍文相信隨著下一屆世界杯足球賽在阿聯酋舉行，該國將會陸續有更多的項目進行。

“公司已接觸卡塔爾當地的一些客戶，關於醫院建設工程，目前尚等待回复。”（星洲日報／財經）

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隆发工程第3季净利飙2.3倍

2016年6月22日
（吉隆坡21日讯）隆发工程（LFECORP，7170，主板贸服股）截至4月杪第三季净利按年大幅度扬227.52%至35万7000令吉或每股净利0.24仙，优于上财年同季的10万9000令吉。

同季营业额则按年扬6.96%，从785万4000令吉，增至840万1000令吉。

累计首9个月，净利按年扬53.16%，录得96万8000令吉或每股净利0.65仙；营业额则按年跌15.38%，至2068万2000令吉。

展望未来，集团将积极竞标机械工程水管（MEP）和建筑领域项目。

隆发工程也会继续勘探国内及区域商机、与国内外业者合作，提升股东价值和强化企业金融基础。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2016	30 Apr 2015	30 Apr 2016	30 Apr 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	8,401	7,854	20,682	24,442
2	Profit/(loss) before tax	357	129	968	652
3	Profit/(loss) for the period	357	109	968	632
4	Profit/(loss) attributable to ordinary equity holders of the parent	357	109	968	632
5	Basic earnings/(loss) per share (Subunit)	0.24	0.13	0.65	0.74
6	Proposed/Declared dividend per share (Subunit)	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 attributable to ordinary equity holders of the parent ($$)	0.3000		0.1800

icy97

隆发工程连2季获利即可脱离PN17

（吉隆坡10日讯）在“白武士”SHAPADU集团协助下，顺利完成重组的PN17公司隆发工程（LFECORP，7170，主板贸服组），正苦拼业绩，期望在下月公布的第四季业绩中续写净利，以达成脱离PN17地位的条件。

交易所资料显示，隆发工程早在去年11月26日完成重组计划；根据上市条例，完成重组后该公司仍需连续两季取得净利，即在截至4月30日止第三季和截至7月31日止第四季取得净利，才能向大马交易所申请脱离PN17。

这意味，在第三季录得35万7000令吉净利的隆发工程，只需在下月公布的第四季业绩中再下一城，即可申请脱离PN17。

从事机械与电子工程服务业务的隆发工程，在著名财团SHAPADU集团的支持下至今已拿下不少订单，其中单是在布城的Precint 2综合发展合约，及在伦敦的住宅酒店发展合约，价值就高达7亿6000万令吉，可望自2017财政年开始带来贡献。

股价：27.5仙
总股本：1亿8156万5702股
市值：4993万令吉
30天日均成交量：9万股
最新季度营业额：840万1000令吉
最新季度盈亏：净利35万7000令吉
每股净资产：30仙
本益比：30.17倍
周息率：－
大股东：SHAPADU集团（32.32%）

文章来源：
星洲日报‧财经‧2016.08.11

icy97

隆发工程末季净利飙64%

2016年9月7日
（吉隆坡6日讯）隆发工程（LFECORP，7170，主板贸服股）末季净利按年激增63.97%，达40万5000令吉，相等于每股净利0.27仙，上财年同期为24万7000令吉

末季营业额则按年提高48.67%，达532万4000令吉，优于上财年同期的358万1000令吉

由于实际税率较低，隆发工程全年净利按年增长56.31%，至137万4000令吉，相等于每股净利0.92仙；营业额却按年下跌7.2%，至2600万7000令吉。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2016	31 Jul 2015	31 Jul 2016	31 Jul 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	5,324	3,581	26,007	28,024
2	Profit/(loss) before tax	489	247	1,458	899
3	Profit/(loss) for the period	405	247	1,374	879
4	Profit/(loss) attributable to ordinary equity holders of the parent	405	247	1,374	879
5	Basic earnings/(loss) per share (Subunit)	0.27	0.29	0.92	1.04
6	Proposed/Declared dividend per share (Subunit)	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 attributable to ordinary equity holders of the parent ($$)	0.3100		0.1800

icy97

PN17公司．隆发工程好戏在后头

2003年上市的隆发工程是一家历史悠久的承包商，运作史可追溯到1967年，专精电机和建筑工程，曾参与海内外知名发展项目，如谷中城（Mid Valley）、马电讯大厦、精明防洪隧道（SMART）、吉隆坡国际机场（KLIA）第三大楼、卡塔尔多哈机场等。

虽然成功上市，隆发工程业绩却因后来陆续遭遇海外投资和电脑分销业务失败，踏上一条颠簸路，长期亏多赚少，表现无法令人满意。

终于，在2012年10月，一笔由前董事拉詹德兰所欠、价值2650万令吉的应收款拨备成了压死骆驼的最后一根稻草，导致隆发工程股东基金跌破缴足资本的25%，而被贬为PN17陷困公司，得进行交易所认可的重大企业重组才能继续上市。

更糟的是，几乎就在同期，隆发工程联同怡保工程（IJM，3336，主板建筑组）、双威、吉朗（ZELAN，2283，主板建筑组）等承包商合组财团，在迪拜重点发展区阿尔林岛（Al Reem Island）赢得的3项大型工程，只执行到一半就遭喊停，这造成隆发工程的6797万令吉应收账被“卡”在中东，严重影响现金流。

经谈判后，发展商Tamouh投资公司同意支付1亿4826万令吉总赔偿，但主要会以其在阿尔林岛的等价地皮和产业抵债，在3项工程订单中持有25至30%股权的隆发工程，因而分得价值6914万令吉的资产，解决了应收账变坏账的忧虑。

然而，连受坏账和资金被套打击，加上为摆脱PN17地位，隆发工程董事部拟出系列重组计划，涉及削资、发新股集资和以股抵债等，以强化财务状况。

经3年努力，隆发工程终于在去年11月完成重组。



白武士有实力
到手订单4亿，意向书4亿

隆发工程从陷困到脱困，扮演最关键角色的自然要属知名财团Shapadu机构；在隆发工程重组之路上，担任“白武士”的Shapadu机构除认购新股注资约2000万令吉，还打算陆续把多项总值超过8亿令吉的工程颁给隆发工程，确保后者中期内无须为工作发愁。

Shapadu注资2千万
颁巨额工程

至今发展显示，Shapadu机构非常看重其在隆发工程的部署，除注资和提供大量工作，连集团董事经理拿督沙菲兹和首席执行员拿督罗斯曼，也亲自出任隆发工程执行董事，显示新大股东绝不是为纯投资而来，显然还有更远大计划。

Shapadu机构是已故商人拿督萨拉尼家族掌控的多元业务集团，业务涉及油气、产业发展和物流服务，经商纪录务实，目前也持有大马气体（GASMSIA，5209，主板贸服组）近5%股权。

截至目前，Shapadu机构已确定颁发超过4亿令吉工作订单给隆发工程，包括价值3亿9000万令吉的布城2区综合发展订单，剩余4亿令吉订单则未正式发出，但绝大部份已获意向书，包括价值7100万英镑（约3亿7000万令吉）的英国酒店与服务公寓兴建合约。

透过以每股30仙从附加股和私下配售中认购32.32%股权，Shapadu机构已崛起成为隆发工程最大股东，目前担任董事经理的刘剑文则持有8.9%股权，退居第二大股东。

在刚过去的2016财政年中，隆发工程营业额报2600万7000令吉，净利则有137万4000令吉，表现不得不失；不过就现况来看，未来业绩才是重头戏，这当然是因Shapadu机构所提供的巨额订单，才刚要开始带来贡献而已。

以2016年营业额作准，单是确定到手的4亿令吉订单，就足以让隆发工程的订单／营业额比高达15倍；若再算上已获意向书的另4亿令吉订单，覆盖比则将进一步攀升至惊人的30倍，这数据甚至还不包括隆发工程可能赢得的其他外部工作。

完成重组
转亏为盈
脱困在望

目前情况分析，《股海捞月》认为隆发工程要取得进一步突破，仍有3个必须实现的进展；第一，是布城2区项目正式动工。第二，是完成脱售阿尔林岛地皮。第三，则是脱离PN17行列。

先说第一进展。

布城2区项目工程值达3亿9000万令吉，对改善隆发工程业绩的作用显著，因有关工程施工期为3年，一旦动工，意味合约值将在3年内陆续兑现，刺激业绩规模迅速膨胀。

最新资料显示，配合发展商要求，隆发工程如今正修改布城2区项目的发展内容中，完成后将重新提交给有关当局，一旦获批后就能随时动工。

再来是涉及卖地的第二进展；资料显示，隆发工程在阿尔林岛仍持有账面值5044万令吉的待售地皮，这是当年工程腰斩后获赔的资产，目前正设法脱售中。

只要有关地皮顺利脱手，隆发工程不但可还清拖欠财团伙伴的剩款，节省利息开销，还能收获一笔新资金，大幅强化营运现金流。

最后是脱离PN17行列。作为一家承包商，隆发工程欲赢得顾客信心，以争取更多新订单，或想重新吸引投资者青睐，PN17“头衔”俨然是负资产，越快摆脱越好，更何况该公司早已符合了脱离PN17公司行列所需的一切条件。

去年11月完成重组后，隆发工程就一直处于有利可图状态，随着今年9月公布的第四季业绩再下一城，该公司其实经已顺利达成脱困要求，即在完成重组连续两个季度书写净利，基本上已一只脚踏出PN17界线外，只差大马交易所点头同意就能完全脱困。


●声明：股海捞月和股海组合提供的资料只供参考，志在助投资者认识一些不获证券行重视的小型股，和追踪相关股后续表现，不是买卖建议，任何投资决定还请先征询专业股票经纪的意见，盈亏自负。

文章来源：
星洲日报‧投资致富‧股海捞月‧文：李三宇‧2016.11.06

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Oct 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Oct 2016	31 Oct 2015	31 Oct 2016	31 Oct 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	3,347	3,933	3,347	3,933
2	Profit/(loss) before tax	524	288	524	288
3	Profit/(loss) for the period	524	288	524	288
4	Profit/(loss) attributable to ordinary equity holders of the parent	524	288	524	288
5	Basic earnings/(loss) per share (Subunit)	0.29	0.34	0.29	0.34
6	Proposed/Declared dividend per share (Subunit)	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 attributable to ordinary equity holders of the parent ($$)	0.2600		0.3100

icy97

连续2个季度获利　隆发冀2个月內脱离PN17

财经  2016年12月08日
（吉隆坡8日讯）隨著隆发工程（LFECORP，7170，主板贸服股）业绩表现良好，符合大马交易所上市条例，该公司预料能够在未来2个月內脱离PN17行列。

隆发工程董事经理刘剑文在股东特大后对《东方財经》表示，今日將公佈最新的2017財政年首季（截至10月31日止）业绩表现，隨后会通过其投资银行MIDF向大马交易所申请脱离PN17，並希望能在未来2个月內获得批准。

同时，该公司执行董事拿督罗斯曼依布拉欣也说，根据条例，公司必须连续2个季度取得盈利，才能够申请脱离PN17，而大马交易所也已批准该公司完成重组计划。他指出，董事局也將会审视今日公佈的最新业绩表现，料能保持盈利，以確保符合脱离PN17的资格。

「一旦符合所有资格，公司便会向交易所申请脱离PN17行列，惟能否获批將取决于交易所。」

隆发工程是自2012年10月1日起，因连续面对数个季度的亏损，而被列入PN17行列。然而，其业绩表现在2016財政年（7月31日结账）逐渐好转，第3季和末季净利均取得良好表现，分別激增227.5%和64%；营业额也各上涨7%及48.7%。

首季净利飆升82.9%

隆发工程在傍晚公佈2017財政年首季（截至10月31日止）净利按年飆升81.9%，至52万令吉，去年同期为29万令吉。营业额则从去年同期的393万令吉，按年下滑14.90%，至335万令吉。

询及未来发展计划时，刘剑文透露，隆发工程將继续专注在建筑和机电工程（M&E）业务，目前手持订单高达4亿7000万令吉，料能够支撑公司未来2至3年的净利成长。

他坦承，虽然建筑市场前景放缓，但在政府积极推广基础建设的努力下，相信能够提振整个建筑领域的发展。该公司在未来也有意竞標轻快铁和捷运项目。

与此同时，罗斯曼依布拉欣认为，建筑领域的好坏取决于整体经济状况，一旦经济放缓將衝击整个建筑领域。

「因此，我们未来也希望能够多元化业务至產业市场，会专注在利基市场。」

该公司目前也正著手计划布城的综合发展项目，包括酒店、服务式公寓和办公楼，预计在2017年下半年动工，將耗时36个月完成。

罗斯曼依布拉欣直言，相信此项目，可带动公司2017財政年全年业绩表现，相比2016財政年会有显著的成长。【e南洋】

icy97

Date of change	03 Jan 2017
Name	ENCIK MOKHTAR BIN MOHD IDRIS
Age	48
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer
Qualifications	Encik Mokhtar completed his Chartered Institute of Management Accountant (CIMA) at Emile Woolf College of Accountancy, London United Kingdom. He is an Associate Member of CIMA and a Member of the Malaysian Institute of Accountant.
Working experience and occupation	Encik Mokhtar has 25 years experiences in Finance and Accounts Management for public and private companies. Prior to joining LFE Corporation Berhad, he is the Senior Manager, Treasury of Shapadu Energy & Engineering Sdn. Bhd., the flagship company under the Shapadu Group of Companies which is primarily involved in the Oil & Gas and Petrochemical industries undertaking several projects with scopes of works that include project management, pipeline construction, hook-up and commissioning, operation and maintenance, provision of marine services and material and equipment supplies for local and overseas clients that include Petronas, ESSO, Murphy Sarawak Limited, British Gas India, Hindustan Oil and Talisman Malaysia Limited.