【MKH 6114 交流专区】美景控股

哭哭鸟

产业与外汇盈利．美景第三季多赚81%
http://www.sinchew.com.my/node/1561003/

（吉隆坡25日讯）产业业务与未兑现外汇盈利提振，美景控股（MKH,6114,主板产业组）截至2016年6月30日止第三季净利扬升80.58%至3771万5000令吉，抬拉首9个月净利涨149.78%至1亿5466万4000令吉。

首9月营收走高25.61%

第三季营业额起10.26%至2亿8209万5000令吉，首9个月营业额走高25.61%至8亿7069万1000令吉。

该公司透过文告表示，首9个月产业税前盈利报1亿4980万令吉，按年对比为7350万令吉。

种植业务方面，撇除未兑现外汇盈利，首9个月税前盈利从2090万令吉走低至1960万令吉，管理层归咎于原棕油销售与价格走低，从7万2800吨走低至7万500吨，原棕油价格从2091令吉跌至1995令吉。此外，管理层说，待原棕油有更好的销售价格，因此公司保留了3750吨棕油。

酒店、贸易与制造业务税前盈利报900万令吉、370万令吉与150万令吉。

展望未来，管理层认为，公司手握8亿60万令吉未入账销售，加上大宗商品价格走高，未来可取得合理净利。

文章来源：
星洲日报／财经‧2016.08.26

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

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

1	Revenue	282,095	255,838	870,691	693,192
2	Profit/(loss) before tax	62,638	30,291	228,097	97,929
3	Profit/(loss) for the period	40,081	21,196	164,200	72,011
4	Profit/(loss) attributable to ordinary equity holders of the parent	37,715	20,886	154,664	61,919
5	Basic earnings/(loss) per share (Subunit)	8.99	4.98	36.88	14.76
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	7.00	8.00
		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 ($$)	2.9200		2.6300

哭哭鸟

MKH(6114)盈利YOY进步81%，CPO棕油价格利好 +  PE = 6.67!
Thursday, August 25, 2016
http://harryteo.blogspot.my/2016/08/1335-mkh6114yoy81cpo-pe-667.html

MKH(6114)在8月25日公布了最新的业绩，Net Profit按年比较进步了81%。现在全年的EPS = 42.69仙，PE=6.67, 这也是它历史新高的全年盈利。过往的MKH派息政策平均都有30%以上，所以不排除公司在FY2016会派发10仙或者更多的股息。而且Q4一向以来是MKH最强的季度，所以不排除下个季度的业绩会继续把MKH的盈利推向历史新高。

以上是MKH的一些数据给大家参考。

• MKH这个季度的Profit Margin比上个季度低了不少，其中一个原因是因为Income Tax的问题以及种植盈利减少。待会笔者会一一跟大家分析。
• 我们先来看看MKH的资产债务表，公司这个季度有4.9 mil的外汇盈利。主要是因为印尼盾兑换美金走强，MKH全年的unrealized forex gain有RM31.9 mil.
• 公司手上握有287.289 mil的现金，大笔现金可以让他们在经济低迷的时候适时出手买进廉价的地皮。
• 此外，公司的总债务在连续走高6个季度后手持出现减少，这个季度MKH的borrowing减低了14 mil。公司盈利持续进步，相信未来借贷也会慢慢减低。
• 此外，MKH的NTA进步到2.92， 今天的闭市价格 = 2.89，意味着NTA > 股价。
• 而Debt to equity ratio也从0.68下跌到0.65，希望MKH可以早日改善到0.50以下的水平。
  

上图我们可以看到MKH在FY2016的3个季度就突破历史新高盈利，11月公布的业绩相信可以把MKH的盈利推到更高峰。虽然有31.9 mil来自外汇，但是大家154 mil - 32 mil = 122 mil，扣除了外汇盈利之后的MKH还是在3个季度就突破盈利新高。

上图是MKH过往11个季度的产业营业额以及税前盈利，通常Q4的营业都会是最高的。而过往两年Q2的盈利都比Q3高，因此在在800.06 mil的Unbilled sales的加持下，预计下个季度Q4的产业盈利会不俗。

上图是CPO的价格，资料来自大马的MPOB，而昨天CPO的价格更是突破了两年新高的RM2,845, 所以大家可以发现很多种植股的股价都在跑动。

以上是CPO的月份平均价格，8月份还有4天交易日。只要CPO保持在RM2,800的水平，8月的CPO价格可能会是今年最高的。

种植的Operating profit在这个季度是20.494 mil，比上个季度的25.425 mil低了大约5 mil。

因为今年Q3卖出的CPO棕油比全年同期少了接近12,800 MT, 主要是因为公司要把CPO存起来等待好价的时候卖出。不过报告里说到去年10月-6月的CPO价格比今年同期高，这让笔者感到很惊讶。毕竟今年4-6月的CPO价格平均都接近RM2,600, 现在只能希望Q4的种植盈利会更好。

而Q3的其中3,750 MT也会延期到Q4 卖出，而且在棕油价格走高下，Q4的种植贡献应该会比Q3出色。

这个季度的盈利走低的另外一个原因是因为高额的Income Tax Expense。上个季度的盈利比Q3高了不少，但是Income tax才18.099 mil，比这个季度的22.557 mil足足低了4.458 mil。原因可以参考上图。

这个季度的盈利比上个季度差的几个原因如下：

• 上个季度有4.7 mil的gain on bargain purchase on acquisition
• 较高的Sales commissions
• 卖出比去年同期少的CPO, 准备在下个季度价格较高的时候卖出。
• 这个季度的Income tax expense比上个季度高多了4.5 mil
  

管理层对下个季度的展望：

• 公司预计今年年底会达成更好的盈利，因为大部分卖出的产业将会陆续进账。
• 印尼油棕的树龄将会步入平均7岁的成熟期，产量将会增加以提高营业额。
• 此外，预计未来的CPO以及Palm kernel price会走高，借此可以提高Plantation的net profit。
  

虽然这个季度的盈利是FY2016 , 3个季度里最差的，但是Q4的盈利相信会比Q3好。因此MKH现在6.77 PE在产业同行里算是很低的，而且它还有种植业务加成，相信它还有更多的潜质等着投资者们去挖掘。


Harryt30
22.50p.m.
2016.08.25

哭哭鸟

Property business profit announcement can be misleading - Koon Yew Yin
Author: Koon Yew Yin   |   Publish date: Wed, 31 Aug 2016, 06:50 PM
http://klse.i3investor.com/blogs/koonyewyinblog/103394.jsp

As I said many a time before, investors should not buy shares of any company if they do not understand the company’s business. Moreover, investors must also know how and where the company’s profit is derived.

All investors must know that there is currently an oversupply of properties in every town and cities in Malaysia.  Property prices are constantly coming down. As a result, all property companies will be reporting less profit in the next few years.

However, some property companies may report good profit now, but the profit is from property sales of previous years. For example, MKH 3rd quarter profit.



Why the share price is coming down?

The above price chart shows that the share price is coming down in spite of the good profit announcement.  This shows that most investors are quite smart and are aware that there is an oversupply of properties in the market. The profit must be from sales concluded last year or the year before. It is most unlikely that they can continue to report increasing profit in the next few years.

My aim in writing this piece

I want you to avoid losses in share investment. I advise you not to buy MKH and shares from property companies even if it shows good profit now.

Don’t buy down trending stocks!

You must also remember that all expert chartists will advise you not to buy down trending stocks because the price can go further down.

Don’t be a foolish contrarian!

Smart contrarian investors do not rush to buy property shares blindly

icy97

Type	Announcement
Subject	OTHERS
Description	MKH BERHAD ("MKH" OR THE COMPANY") - INCORPORATION OF WHOLLY-OWNED SUBSIDIARY IN AUSTRALIA, MKH LAND (AUST) PTY LTD
Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of MKH wishes to announce that the Company has on 4 October 2016, incorporated a wholly-owned subsidiary company known as MKH Land (Aust) Pty Ltd  (Australian Company No. 615156011) ("MKHLAPL") in Australia under the Corporations Act, 2001. The relevant documents for the said incorporation were received by the Company on 7 October 2016. MKHLAPL is a private company limited by shares with an issued and paid up share capital of AUD100 comprising 100 shares of AUD1.00 each. The intended principal nature of business of MKHLAPL is to acquire development land. The incorporation of MKHLAPL is not expected to have any material effect on the share capital and substantial shareholders’ shareholdings of MKH. It is also not expected to have any material effect on the net assets, gearing and earnings of MKH Group for the financial year ending 30 September 2017. None of the directors and/ or major shareholders of MKH or persons connected with them, have any direct or indirect interest in MKHLAPL. This announcement is dated 7 October 2016.

icy97

美景前景如何？

读者老陈问：

1.美景控股（MKH，6114，主板产业组）前景如何？

2.季度报告显示业绩和盈利都可观但股价不起反跌。正常吗？

3.股坛老将官友缘先生建议投资者不要买这股票，投资者应听从吗？

答：

涉足产业油棕种植业务

1.美景控股主要涉足产业发展及油棕种植业务；前景如何，安联星展研究于8月26日对该公司的最新剖析资料可作为参考。

先看看该公司产业发展业务：美景控股为雪州加影／士毛月地区的主要产业发展商之一。这使它为捷运地下铁（MRT）计划下最受惠的产业发展商。

这主要是该处的公共交通联系系统将显著改善，特别是捷运地下铁系统在加影设立两个地铁站。美景控股在成长中的加影—士毛月走廊拥有偏低价格的土地，这将使它在定价方面拥有更大的伸缩性。

目前该公司的未入账销售维持在8亿100万令吉的健全水平，或等于其2017年财政年产业业务营业额的1.1倍。

目前产业市场具挑战，惟由于美景控股兴建可负担房屋为主，其产业发展计划继续获得市场良好反应。一旦捷运地下铁第一线路在2017年完成，包括衔接加影／士毛月成长走廊，这对美景控股有利，因它在此地区拥有490英亩的产业地库。

同时，加影地区可发展的土地可说是有减无增，使该公司在加影的未来产业发展计划占有优势，预料其产业单位在强劲需求下，有望取得较好定价。

油棕种植业务盈利强劲

当时，安联星展指出，预料美景控股的种植业务盈利强劲。该公司料从强劲的原棕油价格涨潮中受惠。特别是其油棕树龄的优势，该行预测其种植业务在2016财政年的盈利按年成长125%。

该公司在2015至2018年的鲜果串产量复合平均成长率（3年）将达到8%，在2015财政年成长25%。虽然在厄尔尼诺干旱气候下，美景控股在印尼园丘的鲜果串产量保持好。

最便宜的种植股：当时美景控股收市价为2令吉89仙。

该行指出，若以该公司2017财政年的每股盈利为准，本益比落在7.5倍水平。

安联星展认为，这是其研究种植股名单下最便宜的种植股。

该公司的油棕树平均树龄落在6.8年，预料成为未来强劲重复盈利的基础。美景控股在印尼的东加里曼丹，拥有1万5000公顷全面种植油棕的油棕园，持续取得强劲的鲜果串产量，特别是油棕树龄年青。

该公司油棕园在2014年的鲜果串产量成长33%、2015年则成长25%，至29万5000公吨，该行预料在2016及2017年将分别成长12%及8%。每公顷的鲜果串产量达到29公吨。油棕种植业务占美景控股税前盈利约25%。

潜在风险：安联星展也略为点出美景控股未来前景的潜在风险，即要注意其赚幅的挤压，这包括建筑成本走高将侵蚀其产业发展计划的盈利赚幅。至于原棕油价格的波动将增加其盈利的波动程度。

同时，国内家庭债务走高及消费者情绪低落，将可能使产业销售走低、银行融资更为严谨也是造成产业单位销售走低的个中主因。

在负债方面，截至2016年6月杪，美景控股净负债率为43%，其中约35%是自2008年开始在印尼购买种植地时融资欠下的。

业绩好股价跌
或是套利所致

2.该公司股价不起反跌，其中一个可能性，实是在业绩宣布前，市场已经预先反应盈利可观的利好，使股价在宣布前已经扬升。一旦业绩公布后，市场较早预测获得证实，反而是一些较早时以较低价格买进的投资者／或投机者趁机卖出套利的良好时机，并在缺乏足够投资者接手的情况下，使股价不起反跌。只要没有出现内线或违法交易，相信这是正常的现象。

谨慎思考“专家”建议

3.在决定要不要追随任何人的投资建议或意见之前，不妨先谨慎思考有关建议是否合理或正确，或是否适合本身的投资目标与条件，做好本身的功课之后，是否应听从的答案，已是不言而喻了。

文章来源：
星洲日报‧投资致富‧投资问诊‧文：李文龙‧2016.10.09

Tony-Pua

6114    MKH    MKH BERHAD

Quarterly rpt on consolidated results for the financial period ended 30/09/2016

Quarter: 4th Quarter Financial Year End: 30/09/2016 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/09/2016 30/09/2015 30/09/2016 30/09/2015 RM '000 RM '000 RM '000 RM '000 1 Revenue 404,422 348,706 1,275,113 1,041,898 2 Profit/Loss Before Tax 79,987 39,385 308,084 137,314 3 Profit/(loss) attributable to ordinary equity holders of the parent 50,423 25,042 205,087 86,961 4 Net Profit/Loss For The Period 49,857 24,619 214,057 96,630 5 Basic Earnings/Loss Per Shares (sen) 12.02 5.97 48.90 20.73 6 Dividend Per Share (sen) 0.00 0.00 7.00 8.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 3.0500 2.6300

Tony-Pua

6114    MKH    MKH BERHAD

First Interim Single Tier Dividend 7.0 sen

Entitlement Details: First Interim Single Tier Dividend of 7.0 sen per ordinary share of RM1.00 each Entitlement Type: First Interim Dividend Entitlement Date and Time: 16/12/2016  05:00 PM Year Ending/Period Ending/Ended Date: 30/09/2016 EX Date: 14/12/2016 To SCANS Date: Payment Date: 30/12/2016

icy97

发展总值4.6亿
美景控股加影建一马房屋

2016年11月24日
（吉隆坡23日讯）美景控股（MKH，6114，主板产业股）独资子公司Metro K.L City私人有限公司，与一个大马人民房屋（PR1MA）机构合作在加影建屋，发展总值达4亿6400万令吉。

该集团向马交所报备，双方日前签署联合发展协议，在一块占地8.22英亩的永久地皮，建筑约1202个分层住宅单位与4万2000平方尺的商业空间。

根据协议，Metro K.L City私人有限公司必须支付的总初始资本和投资预计达380万令吉。PR1MA和Metro K.L City私人有限公司的净利及成本分担比重为30：70。

美景控股预计，在满足所有合约条件后，项目会在36个月内完成。

该集团说，上述地皮位于加影策略地点，有很好发展潜质。联合发展与集团策略一致，就是与拥有策略地皮的地主合作发展未来的住宅计划。【e南洋】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	MKH BERHAD (50948-T) ("MKH" OR "THE COMPANY")- JOINT DEVELOPMENT AGREEMENT BETWEEN METRO K.L. CITY SDN BHD AND PR1MA CORPORATION MALAYSIA
The Board of Directors of MKH is pleased to announce that its wholly-owned subsidiary company, Metro K.L. City Sdn Bhd ("METRO") has on 21 November 2016 entered into a Joint Development Agreement  ("the JDA") with PR1MA Corporation Malaysia ("PR1MA")for the purpose of undertaking the construction and completion of a mixed development as set out in the JDA on all that parcel of freehold land held under H.S. (D) 6468 PT 5694, Mukim Kajang, Daerah Ulu Langat, Negeri Selangor measuring approximately 33,280 square metres (8.22 acres). Please refer to the attachment for the details of this announcement.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5264501

Attachments MKH Berhad - JDA Details.pdf

icy97

10配1附加股送2红股．筹8581万．美景明年推17亿新盘

（吉隆坡6日讯）美景控股（MKH，6114，主板产业组）建议展开10配1附加股送2红股计划，以筹措8581万1000令吉，主要用于开发房产业务。

该公司预定明年推出高达17亿令吉房产项目，并定下5亿令吉销售目标。

此外，受棕油价格高企提振，美景控股也看好油棕业务获利贡献将翻倍。

该公司今日发表文告说，建议以10配1发行最多4540万2742股附加股，每附加股可获得2股红股，最多涉及9080万5484万股。

若依理论除权价格为准，假设附加股定价为1令吉89仙，该公司最多可以筹措8581万1000令吉，当中的3783万1000令吉将用于建造基建和发展产业、2000万令吉用于补偿地主、2140万用于电动火车站建筑费用、498万令吉作为资本开销，余下160万令吉则是发股费用。

加影士毛月建可负担房产

该公司执行主席丹斯里曾贵秋在汇报会上表示，他有信心产业业务表现维持今年获利。

曾贵秋表示，公司明年将推出17亿令吉发展项目，主要产业项目会集中在加影和士毛月一带，产业类型主要是可负担房产。

地库1350英亩

他说，虽然产业市场面临逆风，但公司大部份土地在早期已经买下，土地成本比其他发展商低。目前，该公司拥有1350英亩地库，发展总值达90亿令吉，足够10年发展。

他补充，公司未入账销售则企于8亿2800万令吉良好水平。

产业部门董事拿督张永贤则解释，目前推出产业项目，有高达40%低于50万令吉，50万至75万令吉房产也占了30至40%，当中大部份是有地房产，此价格定位产品十分受市场欢迎。

询及产业销售，曾贵秋表示，公司之前推出新产业在半年内已经售出40%，去年公司产业项目接近完工时，平均售出率高达80%，他有信心今年可维持一样目标。

种植业务获利贡献料增至35%

对于种植业务，曾贵秋表示，棕油价格走高，预计种植业务获利贡献增至35%。

“公司制定的预算是估计2016年棕油价企于每公吨2200令吉，而目前棕油价格已经突破3000令吉。公司2016财政年的种植业务税前获利是6400万令吉，若除去外汇利好，营运盈利则为2500万令吉。若棕油价格能维持此价格，该部门盈利预料将翻倍。”

目前，该公司在印尼加里曼丹拥有1万8000英亩的种植地。

财务方面，美景控股净负债比为0.42倍，当中种植业务背负7450万美元（约3亿2780万令吉）债务，在近期公司偿还部份贷款后，负债已降至6000万美元（约2亿4000万令吉）左右。不过，这笔贷款主要都是来自内部融资，因此公司冲击不大。

公司现金3亿

但曾贵秋强调，债务从来都不是他担忧的问题，现金流才是一间企业是否能正常营运的关键，目前该公司手握3亿令吉现金。

询及令吉兑换美元走低，对公司是否有造成冲击，曾贵秋表示，基本上公司都有为棕油做期货护盘，美元走高对公司利多于币，美元走高会带动棕油价格。

同时，公司部份棕油销售也以印尼盾进行交易，分散了货币波动风险，万一印尼盾走高时，公司可以选择将这笔资金定存于印尼银行，待马币兑换走高的时候，再换回来。

美景控股2016财政年净利按年上涨135.83%至2亿零508万7000，全年营业额按年上涨22.38%至12亿零7511万3000令吉。

文章来源：
星洲日报‧财经‧2016.12.07

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	MKH BERHAD ("MKH" OR THE "COMPANY")PROPOSED RIGHTS WITH BONUS ISSUE
On behalf of the Board of Directors of MKH (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) and Kenanga Investment Bank Berhad (“Kenanga IB”) (collectively referred to as the “Joint Principal Advisers”) wish to announce that the Company proposes to undertake a renounceable rights issue of up to 45,402,742 new ordinary shares of RM1.00 each in MKH (“MKH Shares”) at an issue price to be determined and announced later (“Rights Shares”), together with a bonus issue of up to 90,805,484 new MKH Shares (“Bonus Shares”) to be credited as fully paid-up, on the basis of one (1) Rights Share for every ten (10) existing MKH Shares held and two (2) Bonus Shares for every one (1) Rights Share subscribed for on an entitlement date to be determined and announced later (“Entitlement Date”) (“Proposed Rights With Bonus Issue”). Further details of the Proposed Rights with Bonus Issue are set out in the attachment below. This announcement is dated 6 December 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5282809

Attachments MKH - Proposed Rights with Bonus Issue.pdf

icy97

联营一马房屋．美景评级不变

（吉隆坡22日讯）美景控股（MKH，6114，主板产业组）在加影联营一马房屋计划（PR1MA），安联星展预期上述产业计划认购率可取得不错反应，维持该公司原有评级。

上述联营计划，发展总值为4亿6400万令吉，为期4年，共建造1202个住宅单位及4万2000方尺的商业单位。

美景控股持有70%的股权。安联星展预期，美景控股将拨出3800万令吉用于上述产业计划。

安联星展说，一般而言，产业发展总值的12%为发展成本。

安联星展表示，上述地库位于加影策略性地点，而加影区捷运站将在2017年中投运，预期上述产业销售价格介于30万令吉至40万令吉。

在该公司尚未正式敲定上述发展计划以前，维持该公司“买进”评级及3令吉20仙目标价不变。

股价：2令吉85仙
总股本：4亿1944万3000股
市值：11亿9500万令吉
30天日均成交量：19万股
最新季度营业额：2亿8209万5000令吉
最新季度盈亏：净利3771万5000令吉
每股净资产：2令吉92仙
本益比：6.76倍
周息率：2.51%
大股东：丹斯里曾秋贵（44.205%）

文章来源：
星洲日报‧财经‧2016.11.23


发股筹资影响中和．美景负债比有望改善

（吉隆坡7日讯）美景控股（MKH，6114，主板产业组）发售附加股筹集资金作为产业发展之用，分析员对此持中和看法，看好该公司负债比有望由0.4倍改善至0.3倍。

美景控股昨日建议展开10配1附加股送2红股的计划，以筹集资金作为产业发展之用，并预计将于2017财政年第三季完成。

安联星展研究指出，假设附加股发售价为1令吉89仙，则最多可以筹措8580万令吉。

该行说，筹集的资金当中44%将作为基建和产业发展、23%则支付地主、25%则作为加影电动火车站的建筑费用。

安联星展对此项企业活动持中和看法，认为将稀释2018至2019财年每股盈利至少9%；至于负债比则有望由2016年9月的0.4倍改善至0.3倍。

有鉴于此，该行并没有调整美景控股财测，只维持“买进”评级和3令吉40仙目标价。

文章来源：
星洲日报‧财经‧报道：刘玉萍‧2016.12.07

icy97

icy97 发表于 11-6-2016 02:50 AM
美景控股1500万令吉购2445公顷种植地
By Tan Siew Mung  / theedgemarkets.com   | June 10, 2016 : 9:00 PM MYT

（吉隆坡10日讯）美景控股（MKH Bhd）以1500万令吉的现金，收购印尼面积2445公顷的种植地段。

...

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	MKH BERHAD - PROPOSED ACQUISITION OF 75% EQUITY INTEREST IN PT SAWIT PRIMA SAKTI BY MKH PLANTATION SDN BHD (FORMERLY KNOWN AS GLOBAL RETREAT (MM2H) SDN BHD) ("THE ACQUISITION")
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 10 June 2016 in relation to the Proposed Acquisition. Further to MKH Berhad's ("MKH") announcement made on 10 June 2016 pertaining to the Proposed Acquisition, the Board of Directors of MKH wishes to announce that its wholly owned subsidiary, MKH Plantation Sdn Bhd ("MPSB") has received the Investment Coordinating Board of Indonesia (Badan Koordinasi Penanaman Modal) approval for the transfer of the Sale Shares from the Vendor to MPSB on 2 December 2016. MPSB has on 9 December 2016 completed the Acqusition. Accordingly, PT Sawit Prima Sakti ("PT SPS") is now a subsidiary company of MKH. PT SPS owns approximately 2,445.49 hectares of oil palm plantation land at Kabupaten Kutai Kartanegara, Kalimantan Timur, Indonesia. This announcement is dated 9 December 2016.

wwit

請問如何把MKH-WB換去母股？

哭哭鸟

美景首季净利跌34%
2017年2月28日
http://www.enanyang.my/news/20170228/美景首季净利跌34/

（吉隆坡27日讯）美景控股（MKH，6114，主板产业股）截至12月31日首季，净利跌33.8%至4078万9000令吉；营业额挫2%，报2亿6102万5000令吉。

美景控股向马交所报备，首季表现失色，主要是因为当季没有政府所颁布的工程贡献，同时，又蒙受420万令吉的账面外汇亏损。

回顾去年同期，该公司的种植业务乃录得一笔2300万令吉的账面外汇收益。

撇除单次因素，首季的经调整税前盈利实为6140万令吉，优于去年同期的5560万令吉。

种植业务表现佳

美景控股称，种植业务较佳的表现，失色弥补房产和建筑业务表现。

董事部预计，2017财年可交出称心业绩，因所推出的楼盘以及上财年的锁定销售将有净利入账。

至于种植业务，也料随着更多油棕树迈入成熟期，收成增加，加上原棕油和棕榈仁价格趋扬，有助推高净利。

6114                                                            

Quarterly rpt on consolidated results for the financial period ended 31/12/2016

Quarter: 1st Quarter Financial Year End: 30/09/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2016 31/12/2015 31/12/2016 31/12/2015 RM '000 RM '000 RM '000 RM '000 1 Revenue 261,025 266,365 261,025 266,365 2 Profit/Loss Before Tax 57,246 90,262 57,246 90,262 3 Profit/Loss After Tax and Minority Interest 40,789 61,570 40,789 61,570 4 Net Profit/Loss For The Period 41,476 67,021 41,476 67,021 5 Basic Earnings/Loss Per Shares (sen) 9.72 14.68 9.72 14.68 6 Dividend Per Share (sen) 7.00 7.00 7.00 7.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 3.0700 3.0400

icy97

EX-date	28 Apr 2017
Entitlement date	03 May 2017
Entitlement time	05:00 PM
Entitlement subject	Rights Issue
Entitlement description	Renounceable rights issue of up to 45,402,742 new ordinary shares in the share capital of MKH Berhad ("MKH Shares" or "Shares") ("Rights Shares") at an issue price of RM1.89 per Rights Share on the basis of one (1) Rights Share for every ten (10) existing MKH Shares held as at 5:00 p.m. on 3 May 2017, together with a bonus issue of up to 90,805,484 new MKH Shares ("Bonus Shares") to be credited as fully paid-up on the basis of two (2) Bonus Shares for every one (1) Rights Share subscribed ("Rights with Bonus Issue")
Period of interest payment	to
Financial Year End	30 Sep 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 Sdn BhdUnit 32-01, Level 32, Tower AVertical Business SuiteAvenue 3, Bangsar SouthNo. 8, Jalan Kerinchi59200 Kuala LumpurMalaysiaTelephone No.: (603) 2783 9299Fax No.: (603) 2783 9222
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	03 May 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)	0
Entitlement indicator	Ratio
Ratio	1 : 10
Rights Issue/Offer Price	Malaysian Ringgit (MYR) 1.890
Par Value	Malaysian Ringgit (MYR) 0.000

Despatch date	05 May 2017
Date for commencement of trading of rights	04 May 2017
Date for cessation of trading of rights	12 May 2017
Date for announcement of final subscription result and basis of allotment of excess Rights Securities	24 May 2017
Listing Date of the Rights Securities	01 Jun 2017

Last date and time for	Date	Time
Sale of provisional allotment of rights	11 May 2017	at	05:00:00 PM
Transfer of provisional allotment of rights	16 May 2017	at	05:00:00 PM
Acceptance and payment	19 May 2017	at	05:00:00 PM
Excess share application and payment	19 May 2017	at	05:00:00 PM

icy97

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	MKH BHD (MKH OR THE COMPANY)RIGHTS WITH BONUS ISSUE
Unless otherwise stated, all definitions used in this announcement shall carry the same meaning as those defined in the announcements dated 6 December 2016 and 24 February 2017 in relation to the Rights with Bonus Issue. We refer to the announcements dated 6 December 2016, 9 January 2017, 27 January 2017, 7 February 2017, 23 February 2017, 24 February 2017 and 14 March 2017 in relation to the Rights with Bonus Issue. On behalf of the Board, AmInvestment Bank Berhad and Kenanga Investment Bank Berhad (collectively, the “Joint Principal Advisers”) wish to announce that the rights issue price is fixed at RM1.89 per Rights Share (“Rights Issue Price”) at an entitlement basis of one (1) Rights Share for every ten (10) existing MKH Shares held by MKH’s shareholders whose names appear in MKH’s Record of Depositors as at 5:00 p.m. on 3 May 2017 (“Entitlement Date”) (“Entitled Shareholders”). The Rights Issue Price of RM1.89 per Rights Share was determined and fixed by the Board after taking into consideration the following:- The theoretical ex-all price (“TEAP”) of MKH Shares of RM2.42 per Share, calculated based on the five (5)-day volume weighted average market price of MKH Shares up to and including 14 April 2017 (being the last day of trading before the Price-Fixing Date) of RM2.9551; and The funding requirements of MKH Group. The Rights Issue Price of RM1.89 per Rights Share represents a discount of around RM0.53 or 21.90% to the TEAP of the MKH Shares. The Joint Principal Advisers also wish to announce that the Company had today entered into an underwriting agreement with AmInvestment Bank, Kenanga IB, Affin Hwang Investment Bank Berhad. Hong Leong Investment Bank Berhad and RHB Investment Bank Berhad (collectively, the “Joint Underwriters”) in relation to the Rights with Bonus Issue, whereby the Joint Underwriters will underwrite up to an aggregate of 24.70 million Rights Shares to be issued, representing 54.41% of the total issue size of the Rights with Bonus Issue, at the Rights Issue Price. In addition, the Company had procured Undertakings from Chen Choy & Sons Realty Sdn. Bhd., Tan Sri Dato’ Chen Kooi Chiew @ Cheng Ngi Chong, Tan Sri Datuk Chen Lok Loi, Datuk Chen Fook Wah and Lotus Way Sdn. Bhd. for the remaining portion, which is 45.59% of the total issue size of the Rights with Bonus Issue. This announcement is dated 17 April 2017.

icy97

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES
Description	MKH BERHAD ("MKH" OR THE "COMPANY")RIGHTS WITH BONUS ISSUE
Unless otherwise stated, all definitions used in this announcement shall carry the same meaning as defined in the Abridged Prospectus dated 3 May 2017 in relation to the Rights with Bonus Issue (“Abridged Prospectus”). We refer to the announcements dated 6 December 2016, 9 January 2017, 27 January 2017, 7 February 2017, 23 February 2017, 24 February 2017, 14 March 2017, 17 April 2017 and 18 April 2017 in relation to the Rights with Bonus Issue and the Abridged Prospectus. On behalf of the Board, the Joint Principal Advisers are pleased to announce that as at the closing date and time of acceptance, excess share application and payment for the Rights with Bonus Issue on 19 May 2017 at 5:00 p.m. (“Closing Date”), MKH had received valid acceptances and excess applications for a total of 55,306,449 Rights Shares. This represents an over-subscription of 12,681,262 Rights Shares or 29.75% over the total number of Rights Shares available for subscription under the Rights with Bonus Issue. Details of the valid acceptances and excess applications received as at the Closing Date are as follows:- Number of Rights shares As a percentage of the total Rights Share available for subscription Total valid acceptances 41,873,448   98.24% Total valid excess applications 13,433,001   31.51% Total valid acceptances and excess applications 55,306,449 129.75% Total avaiable for subscription 42,625,187 100.00% Over-subscription 12,681,262 29.75% Successful applicants of the Rights Shares will be given Bonus Shares on the basis of two (2) Bonus Shares for every one (1) Rights Share successfully subscribed for. The Rights Shares which are not taken up or not validly taken up by the Entitled Shareholders and/or their renouncee(s) and/or their transferee(s) (if applicable) by the Closing Date (“Excess Rights Shares”), will be allotted to applicants who have applied for the Excess Rights Shares in the priority set out in Section 10.7 of the Abridged Prospectus as follows:- (i)   firstly, to minimise the incidence of odd lots; (ii)  secondly, for allocation to Entitled Shareholders who have applied for Excess Rights Shares on a pro-rata basis and in board lot, calculated based on their respective shareholdings as per their CDS Account as at the Entitlement Date; (iii)  thirdly, for allocation to Entitled Shareholders who have applied for Excess Rights Shares on a pro-rata basis and in board lot, calculated based on the quantum of Excess Rights Shares applied for; and (iv) fourthly, for allocation to renouncee(s) and/or transferee(s) who have applied for Excess Rights Shares on a pro-rata basis and in board lot, calculated based on the quantum of Excess Rights Shares applied for. In the event of any Excess Rights Shares balance after steps (i) to (iv) are carried out, steps (ii) to (iv) will be repeated to allocate the balance Excess Rights Shares. The Rights Shares, Bonus Shares and Additional MKH Warrants are expected to be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 1 June 2017. This announcement is dated 24 May 2017.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

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

1	Revenue	278,076	322,231	539,101	588,596
2	Profit/(loss) before tax	69,005	75,197	126,251	165,459
3	Profit/(loss) for the period	48,640	57,098	90,116	124,119
4	Profit/(loss) attributable to ordinary equity holders of the parent	49,368	55,379	90,157	116,949
5	Basic earnings/(loss) per share (Subunit)	11.69	13.20	21.34	27.88
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	7.00	7.00
		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 ($$)	3.1700		3.0400

icy97

MKH 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 42,625,187 new ordinary shares in the share capital of MKH (MKH Shares) (Rights Shares) on the basis of one (1) Rights Share for every ten (10) existing MKH Shares held as at 5:00 p.m. on 3 May 2017, together with a bonus issue of 85,250,374 new MKH Shares (Bonus Shares) to be credited as fully paid-up, on the basis of two (2) Bonus Shares for everyone one (1) Rights Share subscribed (Rights with Bonus Issue)
No. of shares issued under this corporate proposal	127,875,561
Issue price per share ($$)	Malaysian Ringgit (MYR)   1.8900
Par Value($$) (if applicable)	Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units	554,127,440
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 598,179,964.000
Listing Date	01 Jun 2017

icy97

MKH BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Exercise of Warrants
Details of corporate proposal	Exercise of Warrants
No. of shares issued under this corporate proposal	6,018,291
Issue price per share ($$)	Malaysian Ringgit (MYR)   1.5500
Par Value($$) (if applicable)	Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units	560,337,331
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 607,805,295.000
Listing Date	23 Jun 2017

icy97

Type	Announcement
Subject	OTHERS
Description	MKH BERHAD ("MKH" OR "THE COMPANY")- ACQUISITION OF 100% EQUITY INTEREST IN MKH IHS PRECAST SDN BHD
1.0       INTRODUCTION The Board of Directors of MKH wishes to announce that the Company has on 4 July 2017 acquired 2 ordinary shares of RM1.00 each representing 100% equity interest in MKH IHS Precast Sdn. Bhd. (Company No. 1072113-D) (“MIPSB”), for a total cash consideration of RM2.00 only (“the Acquisition”), resulting in MIPSB becoming a wholly-owned subsidiary company of MKH. 2.0       BACKGROUND INFORMATION ON MIPSB MIPSB was incorporated in Malaysia on 29 November 2013 under the Malaysian Companies Act (As Amended) as a private limited company and having its registered office at Suite 1, 5th Floor, Wisma MKH, Jalan Semenyih, 43000 Kajang, Selangor Darul Ehsan. The existing issued and paid-up share capital of MIPSB is RM2.00 comprising of 2 ordinary shares. MIPSB is presently dormant. 3.0       RATIONALE FOR THE ACQUISITION The Acquisition of MIPSB by the Company is for MIPSB to undertake property development projects. 4.0       FINANCIAL EFFECTS The Acquisition has no effect on the issued and paid-up share capital or the substantial shareholders’ shareholdings of MKH and is not expected to have any material effect on the net assets, gearing and earnings of the MKH Berhad Group for the current financial year ending 30 September 2017. 5.0       APPROVALS REQUIRED The Acquisition is not subject to the approval of the shareholders of MKH or any other relevant authorities. 6.0       DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors and/or major shareholders of MKH or its subsidiaries and/or persons connected with them, have any interest, direct or indirect, in the Acquisition. The Board of Directors of MKH is of the opinion that the Acquisition is in the best interest of the Company.