【SPB 1783 交流专区】雪兰莪实业

icy97

外汇亏损拖累‧雪兰莪实业次季亏1690万

（吉隆坡27日讯）马币回扬，导致雪兰莪实业（SPB，1783，主板产业组）面对外汇亏损，截至2016年4月30日第二季亏损1690万4000令吉，前期净利713万令吉。

第二季营业额走强31.61%至3000万2000令吉，首半年营业额报6024万3000令吉，增加27.85%。

根据文告，该公司产业投资项目仍取得高出租率，惟外汇走强，以致亏损报5880万令吉。产业发展及投资各亏220万4000及2464万4000令吉。

展望未来，该公司在白沙罗高原及澳洲的资产仍取得高出租率，公司也会在下半年在白沙罗高原推出高端产业。

Bukit Permata产业项目则面对市场放缓，公司暂停该产业项目，若产业领域回温，不排除会在2017年初重新推出。

管理层预期，大马及澳洲业务展望正面，惟汇率走势将影响公司的盈利。

文章来源：
星洲日报‧财经‧2016.06.28

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	30,002	22,796	60,243	47,120
2	Profit/(loss) before tax	-15,245	8,332	-29,975	67,978
3	Profit/(loss) for the period	-16,904	7,130	-33,012	65,219
4	Profit/(loss) attributable to ordinary equity holders of the parent	-16,904	7,130	-33,012	65,219
5	Basic earnings/(loss) per share (Subunit)	-4.92	2.07	-9.61	18.98
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 ($$)	6.9500		7.5700

icy97

雪兰莪实业第三季净利下滑3.7%
By Sangeetha Amarthalingam / theedgemarkets.com   | September 23, 2016 : 8:53 PM MYT

（吉隆坡23日讯）雪兰莪实业（Selangor Properties Bhd）第三季净利下滑3.7%至4298万令吉，或每股12.51仙，相比去年同期的4464万令吉，或每股12.99仙。

据该集团今日向大马交易所的报备，产业发展业务的税前亏损扩大，以及投资控股的税前盈利走低。

截至7月杪的2016财年第三季，营业额由2489万令吉，增5.38%至2623万令吉。

综合首9个月的表现，净利下挫91%至996万令吉，或每股2.9仙，同期是1亿986万令吉，或每股31.97仙；营业额则从7201万令吉，扬20.1%至8648万令吉。

展望未来，该集团指出，产业投资业务料保持稳定，并继续为集团作出贡献。

至于在白沙罗高原的Menara Milenium和澳洲珀斯的Claremont Shopping Centre将继续享有高租用率。

“集团计划今年末季在白沙罗高原推出18层高的高档公寓。这不太可能在本财年确认显著的盈利。”

该集团已暂停Bukit Permata项目的销售，这是由于经济环境不利，以及银行收紧放贷，导致市场信心疲弱。

雪兰莪实业指出，根据市场状况，该项目可能在2017年中期重新推出。

“在白沙罗高原地库的发展计划，处于初步规划阶段，其中考量为周边捷运项目提供接轨和连接的设计。”

除了无可预见的情况，该集团预计大马和澳洲的营运在今年将保持乐观。

“不过，鉴于我们的海外投资，外汇波动将影响集团获利。”

（编译：陈慧珊）

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	26,232	24,891	86,475	72,011
2	Profit/(loss) before tax	44,628	46,339	14,653	114,317
3	Profit/(loss) for the period	42,976	44,642	9,964	109,861
4	Profit/(loss) attributable to ordinary equity holders of the parent	42,976	44,642	9,964	109,861
5	Basic earnings/(loss) per share (Subunit)	12.51	12.99	2.90	31.97
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 ($$)	7.1000		7.5700

icy97

高比较基础拖累
雪兰莪实业净利挫88%

2016年12月28日
（截至27日讯）雪兰莪实业（SPB，1783，主板产业股）截至10月31日末季，净利按年锐减88.14%，主要是因为上财年同季有一笔来自脱售地皮的庞大收益。

该集团末季净赚5739万8000令吉，或每股净利16.7仙，显著低于上财年同季的4亿8382万令吉或140.8仙，这归咎于上财年同季，有一笔因脱售地皮获得的4亿390万令吉收益入账。

同时，集团旗下的产业发展业务也蒙受亏损。

不过，营业额却从2748万令吉，按年增长28.64%至3534万9000令吉。

合计全年，净利按年萎缩88.65%至6736万2000令吉，或每股净利19.6仙；营业额则提高22.45%，达1亿2182万令吉。

排除不可预见的情况下，雪兰莪实业预计2017财年国内及澳洲的业务将维持正面。

不过，对于海外投资，集团认为，波动的外汇将影响盈利表现。【e南洋】

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	35,349	27,480	121,824	99,491
2	Profit/(loss) before tax	84,106	514,738	98,759	629,055
3	Profit/(loss) for the period	57,398	483,819	67,362	593,680
4	Profit/(loss) attributable to ordinary equity holders of the parent	57,398	483,819	67,362	593,680
5	Basic earnings/(loss) per share (Subunit)	16.70	140.80	19.60	172.77
6	Proposed/Declared dividend per share (Subunit)	0.00	50.00	0.00	50.00
		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 ($$)	7.3100		7.5700

icy97

Type	Announcement
Subject	OTHERS
Description	SELANGOR PROPERTIES BERHAD ("SPB" OR THE "COMPANY")- REVALUATION OF PROPERTIES
The Board of Directors of SPB wishes to announce that the Company had undertaken a revaluation exercise on all its investment properties (hereinafter collectively referred to as “Asset”) held by SPB and its subsidiaries (collectively referred to as the “Group”). The purpose of the revaluation is to comply with the accounting standards under the Malaysian Financial Reporting Standards (“MFRS”) 140 on Investment Property. Following the revaluation exercise, there is a revaluation surplus for an aggregate amount of RM20.736 million, details as set out in the table attached. This will result in an increase of 6.0 sen in the net asset per share of the Group. The valuation on the Asset was conducted by VPC Alliance (KL) Sdn Bhd. The date of valuation for the Asset is as at 31 October 2016. The total value placed on the Asset by the valuer is RM637.554 million. The valuation reports of the Asset are available for inspection at the Registered Office of the Company at Lot 6.05, Level 6, KPMG Tower, 8 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor Darul Ehsan during normal office hours from Monday to Friday (except for Public Holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 27 December 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5299749

Attachments SPB-2016 Assets Valuation.pdf

icy97

Type	Announcement
Subject	OTHERS
Description	Selangor Properties Berhad ("SPB") - Proposed Final Dividend and Special Dividend
The Board of Directors of SPB is pleased to announce that a final single-tier exempt dividend of 12.0 sen per Ordinary Share of RM1.00 each and a special single-tier exempt dividend of 8.0 sen per Ordinary Share of RM1.00 each have been proposed in respect of the Company's financial year ended 31 October 2016. The proposed dividends will be subject to the shareholders' approval at the forthcoming Fifty-Fifth Annual General Meeting of SPB. The entitlement and payment dates of the dividends will be announced at a later date. This announcement is dated 19 January 2017.

icy97

EX-date	07 Mar 2017
Entitlement date	09 Mar 2017
Entitlement time	05:00 PM
Entitlement subject	Others
Entitlement description	Final single-tier exempt dividend of 12.0 sen per Ordinary Share of RM1.00 each and a special single-tier exempt dividend of 8.0 sen per Ordinary Share of RM1.00 each for the financial year ended 31 October 2016
Period of interest payment	to
Financial Year End	31 Oct 2016
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	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:03 27839299Fax:03 27839222
Payment date	23 Mar 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	09 Mar 2017
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)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.2
Par Value	Malaysian Ringgit (MYR) 1.000

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2017	31 Jan 2016	31 Jan 2017	31 Jan 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	30,451	30,049	30,451	30,049
2	Profit/(loss) before tax	46,420	-14,730	46,420	-14,730
3	Profit/(loss) for the period	44,046	-16,108	44,046	-16,108
4	Profit/(loss) attributable to ordinary equity holders of the parent	44,046	-16,108	44,046	-16,108
5	Basic earnings/(loss) per share (Subunit)	12.82	-4.69	12.82	-4.69
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 ($$)	7.4800		7.3100

icy97

新项目提振．雪兰莪实业冀维持净利

（吉隆坡1日讯）尽管产业市场乏力，雪兰莪实业（SPB，1783，主板产业组）有信心产业发展业务可在新公寓项目的提振下转亏为盈，并放眼2017财政年集团业绩表现可至少持平。

截至今年1月31日第一季，该公司的人事和营运开销减少，进而成功转亏为盈，净赚4404万6000令吉，前期则是亏损1610万8000令吉；惟产业发展业务亏损恶化，从7万8000令吉扩至321万4000令吉。

该公司第一季营业额略增1.34%，从3004万9000令吉提高到3045万1000令吉。

该公司首席财务员李达忠日前在股东大会后向《星洲财经》表示，除去脱售资产及外汇兑现的一次性收益，有信心2017财政年可至少维持2016财政年净利表现。

他说，预期白沙罗AIRA Residence项目今年可贡献约4亿2500万令吉的营收，因此有信心产业发展业务可在2017财政年内录得收益。

该公司10月推出的首座AIRA Residence公寓，预计将在2020年正式完工。李达忠说，尽管这项房产项目属利基、较为高级的住宅，每平方英尺标价1600至1700令吉，但目前认购率已超越30%，预计可在今年年杪达50%。

他补充，第二期的64单位中，该公司拥有49单位，经装修后将与首座公寓一并亮相。

此外，李达忠指出，该公司也计划在2019年推出白沙罗大厦（Wisma Damansara）综合型产业的第一阶段，目前已呈交发展准证（DO）的申请，料可在今年年杪获批，2018年初动工。

该公司目前也为留住现有长期租户、保持具竞争力的市价及达到多媒体超级走廊运作（MSC）地位，而翻新位于白沙罗的千禧楼（Menara Millennium）。李达忠估计，为期5年的翻新计划成本费用为5560万令吉。

至于坐拥地库，他说，该公司截至目前的坐拥逾300英亩的地库，包括白沙罗、鹅唛、士拉央及乌鲁冷岳，并透露该公司正积极寻觅适合地段，尤其有市镇发展潜能，且面积大于50英亩的巴生谷地段，资本支出待定。

无意扩充海外

另一方面，李达忠指出，该公司澳洲柏斯的产业租赁业务表现如常，其购物商场及双层店屋出租率为100%，为期3年的租赁期限目前已达1至2年，已决议再续约。

他补充，该公司海外及产业投资业务表现稳定，目前暂无扩充海外业务的打算，预计2017财政年该公司国内及海外业务将贡献各半的营收。

文章来源：
星洲日报‧财经‧报道：陈学颖‧2017.03.02

icy97

雪兰莪实业次季转盈

2017年6月28日
（吉隆坡27日讯）雪兰莪实业（SPB，1783，主板产业股）截至4月杪的2017财年次季，净赚860万令吉，去年同期为净亏1690万4000令吉。

次季营业额涨9.76%，报3262万8000令吉。

累计首半年，公司净赚5264万6000令吉，去年同期为净亏3301万2000令吉。营业额扬5.53%，报6307万9000令吉。

公司在业绩报告指出，当季产业投资营业额增加，主要因为高出租率和租金走高。

同时，澳洲业务也录得较高营业额，归功于租金收入上扬和有利的汇率。

如无意外，雪兰莪实业看好今年本地和澳洲营运。

不过，海外投资方面，外汇波动可能影响盈利能力。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2017	30 Apr 2016	30 Apr 2017	30 Apr 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	32,628	29,727	63,079	59,776
2	Profit/(loss) before tax	11,249	-15,245	57,669	-29,975
3	Profit/(loss) for the period	8,600	-16,904	52,646	-33,012
4	Profit/(loss) attributable to ordinary equity holders of the parent	8,600	-16,904	52,646	-33,012
5	Basic earnings/(loss) per share (Subunit)	2.50	-4.92	15.32	-9.61
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 ($$)	7.2800		7.3100

icy97

雪兰莪实业
股价有上涨空间

2017年6月29日

分析：达证劵
目标价：5.98令吉

最新进展:

雪兰莪实业（SPB，1783，主板产业股）截至4月杪2017财年次季，净赚860万令吉。

次季营业额涨9.76%，报3262万8000令吉。

累计首半年，净赚5264万6000令吉；营业额扬5.53%，报6307万9000令吉。

行家建议:

目前，雪兰莪实业的管理层，仍然维持白沙罗高原Aira Residence公寓（发展总值8亿5000万令吉）在2017年底，取得50%认购率的内部目标。该项目已有逾60%单位被预定。

此外，位于Bukit Permata项目的重新推介计划，管理层估计将在2017年第四季或2018年初正式推介。

至于公司位于白沙罗高原地库的重新发展计划，正处于初步规划阶段，并商讨连接附近捷运，以为居民带来便捷。

另外，雪兰莪实业的资产负债表仍然稳固，负债率低于1%，因此，我们相信还有举债的空间，用在重新发展白沙罗高原项目或扩展地库。

我们维持5.98令吉的目标价，意味着仍有23.6%的上涨空间，这是根据2018财年0.8倍的股价对账面价值比计算。



【e南洋】



净利超标．项目看俏．雪兰莪实业财测上调

（吉隆坡28日讯）雪兰莪实业（SPB，1783，主板产业组）首半年核心净利超越预期，加上Aira产业项目认购率逾60%及白沙罗大厦地库发展计划看俏，分析员一致维持该公司原有评级不变。

联昌研究表示，该公司首半年净利符合全年净利预测的95%，亦符合市场盈利预测的55%。

截至4月30日止第二季，该公司净利报860万令吉，此前亏损为1690万4000令吉。

联昌研究表示，撇除外汇及资产脱售因素，该公司核心净利实际上跌17%。

税务低于预期

尽管业绩下滑，但联昌认为，该公司盈利超越预期，主要是税务低于预期之故。

联昌决定，提高该公司2017至2019财政年的每股净利成长预测，幅度介于32至87%，但未来3年的股本回酬则介于2至4%。

达证券指出，该公司首半年正常化的净利为2710万令吉，预期下半年见有更多Aira产业项目进账。

达证券表示，Aira产业项目发展总值为8亿5000万令吉，该公司放眼今年杪可达50%的认购率，时至今日，该项目已经获得60%的认购率。

针对白沙罗大厦地库发展计划一事，达证券预期该公司今年第四季或明年初将公布新的发展计划，以符合交通大蓝图的计划。

白沙罗大厦地库位于白沙罗高原（Damansara Heighs），占地8英亩。

雪兰莪实业早前曾透露，白沙罗大厦将在2年内，启动建筑计划。

联昌补充，虽然第二季产业亏损按年扩大至480万令吉，但可能是正面的现象，联昌怀疑该公司将对白沙罗大厦重新发展计划做出更多准备功夫。

达证券认为，该公司净负债比低于0.01倍，为白沙罗发展计划提供了借贷空间。



文章来源：
星洲日报‧财经‧报道：谢汪潮‧2017.06.28

icy97

雪兰莪实业第三季净利挫54.6% 业务子公司进账较低
Sangeetha Amarthalingam/theedgemarkets.com
September 26, 2017 18:59 pm MYT

（吉隆坡26日讯）雪兰莪实业（Selangor Properties Bhd）截至2017年7月31日止的财政年第三季（2017财年第三季）净利劲挫54.6%至1950万令吉，同期净赚4300万令吉，因业务子公司的进账较低之故。

每股盈利也萎缩至5.68仙，同期高达12.51仙。

然而，第三季营业额走高至3190万令吉，同期报2600万令吉，涨幅达22.5%。

雪兰莪实业今日向大马交易所发文告报备，产业投资业务的税前盈利减少，主要是因为员工成本和营运支出增加，而产业发展业务蒙亏则是因为白沙罗高原（Damansara Heights）AIRA Residence的营销成本、企业和行政成本走高所致。

累计2017财年首9个月的业绩表现，雪兰莪实业净利飙涨近8倍至7220万令吉或每股21仙，相比同期的1000万令吉或每股2.9仙。

合共3季营业额年增10.7%至9490万令吉，同期累计8580万令吉。

展望未来，雪兰莪实业表示，产业投资业务料将保持稳定，或继续为该集团带来进账。

该集团位于白沙罗高原的Menara Milenium和澳洲柏斯的Claremont购物中心的投资产业将继续享有高出租率。

“AIRA Residence项目的销售及持续不断的建设进度料将为截至2017年10月30日止的财年（2017财年），带来进账。Bukit Permata项目预计在2018年初重新启动，惟仍取决于市况，相信将有助于推动业绩表现。”

位于白沙罗高原的地库发展计划仍处于初步规划阶段，并考量到环绕捷运（MRT）项目的整合和衔接设计。

雪兰莪实业表示：“Wisma Damansara的工地正在进行初步规划工作，预计两年后将开始建设工程。”

该集团指出，如无任何意外的话，大马和澳洲的业务今年将继续保持正面走势，惟外汇兑汇的风险将继续冲击其海外投资的获利能力。

（编译：倪嫣鴽）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2017	31 Jul 2016	31 Jul 2017	31 Jul 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	31,861	26,013	94,940	85,789
2	Profit/(loss) before tax	22,088	44,628	79,757	14,653
3	Profit/(loss) for the period	19,509	42,976	72,155	9,964
4	Profit/(loss) attributable to ordinary equity holders of the parent	19,509	42,976	72,155	9,964
5	Basic earnings/(loss) per share (Subunit)	5.68	12.51	21.00	2.90
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 ($$)	7.3800		7.3100

icy97

雪兰莪实业
可举债买地发展

2017年9月28日

分析:达证券
目标价:5.98令吉

最新进展:

由于海外投资业务的外汇收入不佳，雪兰莪实业（SPB，1783，主板产业股）截至7月杪第三季，净利按年暴跌54.6%至1950万9000令吉，或每股净利5.68仙。

累计首9个月，净利按年暴涨6.24倍，至7215万5000令吉。

行家建议:

若排除2870万令吉的外汇收入，首9个月净利占我们和市场预期的74%和84%，其实高于预期。

根据最新业绩报告，该公司目前处于净现金，意味着还有更大举债空间，以用来发展白沙罗大厦和买地。

白沙罗高原地库再发展计划，目前处于初步阶段，正在考虑如何设计发展，以整合和链接附近的捷运站。据知，白沙罗大厦已展开初步策划工程，预计将会在2年内正式推介；而Bukit Permata项目将在明年初再次推介礼。

发展总值达8亿5000万令吉的Aira Residences，共105个单位，已获得超过60%的下订率，管理层有信心能在今年底达到50%的内部销售目标。

我们仍建议买入评级，目标价维持5.98令吉，是2018财年0.8倍的本益比。



【e南洋】



净利走高．财务强稳．雪兰莪实业下半年发功

（吉隆坡27日讯）雪兰莪实业（SPB,1783,主板产业组）第三季核心净利走高，加上处于净现金地位，具备融资空间，分析员寄望产业业务下半年可发功，提振业务表现。

截至2017年7月31日第三季，该公司营业额起22.48%，至3186万1000令吉；净利则滑落54.6%，至1950万9000令吉。

联昌研究表示，该公司第三季核心净利按年走高23%，至1430万令吉，归功于澳洲产业业务进账及较高的租金收入。

“雪兰莪实业业绩表现符合盈利预测的82%，但仅市场盈利预测的71%。”

联昌认为，该公司主要的租金收入依旧可为该公司做出正面贡献。位于雪州AIRA产业项目正在建造中，该公寓未来的销售仍可获得提振，预期在2018或2019年推出。

达证券表示，AIRA产业项目发展总值为8亿5000万令吉，共有105单位，目前被订购的单位达60%，占管理层50%的销售目标。

达证券说，雪兰莪实业业绩重推武吉钻石产业项目，预期在2018年展开相关计划。此外，该公司也准备发展白沙罗高原的地库计划。次项计划链接捷运站，预期在2019财政年推介。

针对发展资金方面，达证券说，雪兰莪实业目前处于净现金地位，具备庞大融资空间。

联昌认为，在较低的税务下，进而上调2017至2019财政年的每股盈利预测，调高1至2%。

联昌补充，该公司三分一资产为现金，且手上的地库尚未有明确的发展方向，因此继续以重估净资产估值（RNAV）折价50%设定目标价。



文章来源：
星洲日报／财经 ‧ 报道：谢汪潮‧2017.09.27

Tony-Pua

雪兰莪实业末季净利挫64%
2017年12月28日
http://www.enanyang.my/news/20171228/雪兰莪实业末季净利挫64/

（吉隆坡27日讯）雪兰莪实业（SPB，1783，主板产业股）截至10月杪末季，净利按年大跌64.4%。

该公司今天向交易所报备，净利从2016财年同期的5739万8000令吉或每股16.70仙，大减至2044万4000令吉或每股5.95仙。

营业额却从一前年的3513万6000令吉，年增28.7%至4522万5000令吉。

据该公司财报，该季的澳洲业务和产业发展业务营业额贡献按年增加，让该季整体营业额走高。

然而，产业投资却面对113万令吉亏损，相比前年同期的收益2793万令吉；加上投资控股方面的盈利贡献，按年大减95.5%，导致末季净利按年表现失色。

全年赚9260万

累计全年，净利录得9259万9000令吉或每股26.95仙，按年上涨37.5%；营业额报1亿4016万5000令吉，年升15.9%。

1783    SPB    SELANGOR PROPERTIES BHD

Quarterly rpt on consolidated results for the financial period ended 31/10/2017

Quarter: 4th Quarter Financial Year End: 31/10/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/10/2017 31/10/2016 31/10/2017 31/10/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 45,225 35,136 140,165 120,925 2 Profit/Loss Before Tax 34,692 84,106 114,449 98,759 3 Profit/(loss) attributable to ordinary equity holders of the parent 20,444 57,398 92,599 67,362 4 Net Profit/Loss For The Period 20,444 57,398 92,599 67,362 5 Basic Earnings/Loss Per Shares (sen) 5.95 16.70 26.95 19.60 6 Dividend Per Share (sen) 0.00 20.00 0.00 20.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 7.3900 7.3100

icy97

Type	Announcement
Subject	OTHERS
Description	SELANGOR PROPERTIES BERHAD ("SPB" OR THE "COMPANY")- REVALUATION OF PROPERTIES
The Board of Directors of SPB wishes to announce that the Company had undertaken a revaluation exercise on all its investment properties (hereinafter collectively referred to as “Asset”) held by SPB and its subsidiaries (collectively referred to as the “Group”). The purpose of the revaluation is to comply with the accounting standards under the Malaysian Financial Reporting Standards (“MFRS”) 140 on Investment Property. Following the revaluation exercise, there is a revaluation deficit for an aggregate amount of RM6.594 million, details as set out in the table attached. This will result in a decrease of 1.92 sen in the net asset per share of the Group. The valuation on the Asset was conducted by VPC Alliance (KL) Sdn Bhd. The date of valuation for the Asset is as at 31 October 2017. The total value placed on the Asset by the valuer is RM633.074 million. The valuation reports of the Asset are available for inspection at the Registered Office of the Company at Lot 6.05, Level 6, KPMG Tower, 8 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor Darul Ehsan during normal office hours from Monday to Friday (except for Public Holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 27 December 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5649049

Attachments SPB - Revaluation of Properties 2017.pdf

icy97

Date of change	27 Dec 2017
Name	MR WEN CHIU CHI
Age	61
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Managing Director
New Position	Executive Chairman
Directorate	Executive
Qualifications	Bachelor of Commerce degree from the University of Western Australia.
Working experience and occupation	He was appointed as a Director of the Company on 20 April 1979. He held the position of an Executive Director from 1979 to 2000. In year 2000, he assumed the position of the Managing Director of the Company.
Family relationship with any director and/or major shareholder of the listed issuer	Son of Puan Sri Datin Chook Yew Chong Wen
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest - 71,247 ordinary shares

icy97

Date of change	27 Dec 2017
Name	PUAN SRI DATIN CHOOK YEW CHONG WEN
Age	95
Gender	Female
Nationality	Malaysia
Designation	Chairman
Directorate	Executive
Type of change	Retirement
Qualifications	Not Applicable
Working experience and occupation	Not Applicable
Family relationship with any director and/or major shareholder of the listed issuer	Mother of Mr Wen Chiu Chi
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Indirect interest - 234,447,236 ordinary shares in Selangor Properties Berhad ("SPB"). Deemed interested in Kayin Holdings Sdn. Berhad, the holding company of SPB, by virtue of Kayin (M) Sdn. Bhd., which holds 100% of the shares in Kayin Holdings Sdn. Berhad. The entire issued share capital of Kayin (M) Sdn. Bhd. are collectively controlled by trusts settled by Puan Sri Datin Chook Yew Chong Wen for herself being the primary beneficiary and for her family members.

icy97

雪兰莪实业
豪华房产需求不振

2017年12月29日

分析:达证券
目标价:5.28令吉

最新进展:

雪兰莪实业（SPB，1783，主板产业股）截至10月杪末季，净利按年大跌64.4%，至2044万4000令吉或每股5.95仙。

营业额年增28.7%，报4522万5000令吉。

累计全年，净利录得9259万9000令吉，年涨37.5%；营业额报1亿4016万5000令吉，年升15.9%。

行家建议:

扣除特殊项目取得收益3560万令吉，包括未实现外汇亏损1770万令吉、财务资产的公允价值损失400万令吉，及投资产业的公允价值收益2190万令吉，雪兰莪实业2017财年经调整净利达5870万令吉。

这符合我们全年预期，但高于市场预测。

展望未来，发展总值达8亿5000万令吉的Aira住宅计划，预计2021年完成，将助推高产业业务净利。

而Bukit Permata项目的再次推介礼，管理层维持在明年上半年推出。

鉴于政府实行产业冻结令，该公司位于白沙罗高原Wisma Damansara的重建计划，已经受到审查，我们对这个决定不感到惊讶，预计高级公寓领域前景维持低迷。

该公司7.6%的潜在回酬，让我们维持“守住”评级，目标价稍微上调至5.28令吉。



【e南洋】

icy97

雪实业检讨白沙罗计划‧市场不意外

（吉隆坡28日讯）雪兰莪实业（SPB,1783,主板产业组）全年业绩符合预期，分析员对于该公司重新检讨白沙罗大厦发展计划不感意外，因政府近期宣布冻结高档产业计划，而共管公寓前景依然黯淡。

全年业绩符预期

达证券表示，若不包含一笔3560万令吉的特别项目，雪兰莪实业2017财年正常化净利增长31%至5870万令吉，符合该行预期，相等于该行全年财测的97%。

该公司未宣布派息，但该行预期董事部将在2018年1月建议派发12仙终期股息。

雪兰莪实业旗下产业投资部门的正常化税前盈利下跌6.0%，因出租率下滑，同时产业发展部门亏损收窄至1660万令吉，澳洲业务表现最出色，税前盈利跃升54.8%至3260万令吉。

总值8亿5000万令吉的Aira Residences项目预料在2021年完成，到时将可支撑产业部门的盈利。管理层也维持预计于明年上半年重新推出Bukit Permata项目。

至于白沙罗大厦重新发展计划则因政府冻结令而将进行检讨，达证券对此决定不感过度意外，因高档共管公寓前景依然黯淡。该行早前就已担心此项目将展延。

该行将雪兰莪实业的目标价从5令吉27仙略为调高至5令吉28仙和保持“守住”评级，这是根据14倍本益比和1倍股价对账面值估值。

达证券认为该公司估值高于同行是合理的，因其白沙罗市中心的资产价值可轻易达到10亿令吉（相等于其17亿令吉市值的64%），而净流动资产共7亿8200万令吉，相等于每股2令吉28仙或市值的45%。

文章来源：
星洲日报／财经·2017.12.29

icy97

Type	Announcement
Subject	OTHERS
Description	Selangor Properties Berhad ("SPB") - Proposed Final Dividend
The Board of Directors of SPB is pleased to announce that a final single-tier exempt dividend of 12.0 sen per Ordinary Share has been proposed in respect of the Company's financial year ended 31 October 2017. The proposed dividend will be subject to the shareholders' approval at the forthcoming Fifty-Sixth Annual General Meeting of SPB. The entitlement and payment dates of the dividend will be announced at a later date. This announcement is dated 24 January 2018.

icy97

SELANGOR PROPERTIES BERHAD

EX-date	07 Mar 2018
Entitlement date	09 Mar 2018
Entitlement time	05:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final single-tier exempt dividend of 12.0 sen per Ordinary Share for the financial year ended 31 October 2017
Period of interest payment	to
Financial Year End	31 Oct 2017
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	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:03 27839299Fax:03 27839222
Payment date	23 Mar 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	09 Mar 2018
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)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.12