【KSL 5038 交流专区】顺利实业

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2014	31/12/2013	31/12/2014	31/12/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	166,581	114,085	801,026	680,004
2	Profit/(loss) before tax	153,283	13,014	429,594	255,449
3	Profit/(loss) for the period	129,805	-1,406	340,166	181,530
4	Profit/(loss) attributable to ordinary equity holders of the parent	129,805	-1,406	340,166	181,530
5	Basic earnings/(loss) per share (Subunit)	24.85	-0.36	80.65	46.98
6	Proposed/Declared dividend per share (Subunit)	5.00	0.00	5.00	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 ($$)	2.0900		3.3400

Remarks :

The Board of Directors has proposed a final single tier dividend of 5 sen per share for the financial year ended 31 December 2014, subject to the shareholders' approval at the forthcoming Annual General Meeting of the Company.

icy97

Name	Premiere Sector Sdn Bhd
Address	Unit 07-02, Level 7 Persoft Tower 6B Persiaran Tropicana 47410 Petaling Jaya Selangor Darul Ehsan
NRIC/Passport No/Company No.	539226-U
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary Shares of RM0.50 each
Name & address of registered holder	Premiere Sector Sdn. Bhd. Unit 07-02, Level 7 Persoft Tower 6B Persiaran Tropicana 47410 Petaling Jaya Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Others	25/02/2015	9,522,292	1.570

Description of other type of transaction	Reinvestment of cash dividend pursuant to Dividend Reinvestment Plan
Circumstances by reason of which change has occurred	Reinvestment of cash dividend pursuant to Dividend Reinvestment Plan
Nature of interest	Direct Interest
Direct (units)	308,522,292
Direct (%)	32.68
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	308,522,292
Date of notice	06/03/2015

icy97

Type	Announcement
Subject	OTHERS
Description	KSL HOLDINGS BERHAD ("KSL" OR "THE COMPANY") - ACQUISITION OF SUBSIDIARY
The Board of Directors of KSL is pleased to announce that KSL has on 5 March 2015 acquired two (2) ordinary shares of RM1.00 each of Mission Golf Sdn Bhd, representing 100% of the total issued and paid-up share capital of Mission Golf Sdn Bhd (“Acquisition”) from Ku Ek Mei (1 ordinary share) and Chong Yoong Heong (1 ordinary share) for a total consideration of RM2.00. Following the Acquisition, Mission Golf Sdn Bhd became a wholly-owned subsidiary of KSL. Mission Golf Sdn Bhd was incorporated in Malaysia on 19 December, 2011 and the current issued and paid-up share capital of Mission Golf Sdn Bhd is RM2.00 divided into two (2) ordinary shares of RM1.00 each. The principal activities of Mission Golf Sdn Bhd was those of indoor golf games and entertainment centre. Prior to 5 March 2015, Mission Golf Sdn Bhd has ceased operation. Save for Ku Ek Mei who is the daughter of Ku Hwa Seng, a Director of the Company, none of the Directors and/or major shareholders and/or persons connected with them have any interest, direct or indirect, in the Acquisition. The above Acquisition does not have any material effect on the issued and paid-up share capital of KSL and has no material effect on the earnings and net assets of KSL Group for the financial year ending 31 December 2015. This announcement is dated 6 March 2015.

icy97

產業緩和‧GST衝擊‧順利實業2年財測下調

2015-03-09 16:58      
（吉隆坡9日訊）順利實業（KSL,5038,主板產業組）去年銷售額令人失望，無法達到10億令吉的目標，在產業緩和及消費稅即將開跑，肯納格研究看淡2015年銷售，並下調2015及2016年營業額及淨利預測。

該公司管理層在匯報會上，繼續對2015年達致10億令吉目標有信心，主要是產品價格具競爭，低於同儕，並迎合柔佛州龐大的市場。

該公司2014年的產業銷售只有8億3千萬令吉，低於公司目標和市場預測。

肯納格表示，儘管管理層有信心達致10億令吉銷售目標，但“我們預料這兩年銷售還平平，下調2015及2016財政年的營業額預測各16%至8億3千200萬令吉，主因是銷售稅開跑對產業市場造成不明朗。房貸緊縮也對銷售造成衝擊，特別是柔佛州出現大量高層住宅建築供應。

肯納格同時也將該公司核心淨利預測各下調13%，分別為2億7千200萬及3億零200萬令吉。

40%股息政策等董事部通過

該公司管理層表示，公司已制定40%的股息政策，目前正在等待董事部通過。

在該公司未明確公佈股息政策以前，肯納格維持30%的派息率不變，預計可2015財政年派息10仙，週息率為4.7%。基於調低該公司營業額及淨利預測，肯納格將目標價則從2令吉78仙調低至2令吉48仙，但維持”

超越大市”評級，因2015財政年本益比預測為6.4倍，而同儕本益比為8倍及派息率有望上調。（星洲日報／財經‧報道：謝汪潮）

icy97

顺利实业40%净利派息

财经  2015年03月16日
(柔佛16日讯)顺利实业(KSL，5038，主板產业股)设定股息派发比例，从2015財政年（12月31日结账）开始，將每年从营运取得的核心净利，至少40%用作派股息。

该公司主席邱华成指出，股息政策的目的是让股东攫取公司业务扩充下，带来的更大回报。

產业发展业务强劲的需求，以及產业投资业务稳定的收入，支撑公司整体业务持续正面成长。顺利实业的资產投资项目，包括，位於依斯干达的KSL城市广场及酒店。

邱华成在今日的文告中指出，「股息政策並不只是要回馈现有的股东，也希望能够在更长期內，吸引及壮大机构投资者群。」

文告也指出，派息的幅度和次数將受到一些因素的影响，这包括：集团的財务表现、现金流需求、可作为派息用途的储备及税务优惠、未来的营运情况，未来的扩充计划、资本开销及公司的投资计划。

在2014年12月止的財政年，顺利实业扣除8380万令吉的合理价格收益之后，核心净利为2亿5640万令吉。

该公司在公佈2014財政年末季业绩时宣布派发每股5仙单层终期股息。加上早前的每股5仙中期股息，该公司共派出每股10仙股息。这总共9310万令吉的派息，相等於2014財政年核心净利的36.3%。以3月13日的闭市价2.12令吉计算，这相等於4.7%的週息率。

顺利实业今日报2.16令吉，涨4仙。【东方网财经】

icy97

Type	Announcement
Subject	OTHERS
Description	KSL Holdings Berhad - Dividend Policy
The Board of Directors of KSL Holdings Berhad (“KSL” or “the Company”) wishes to announce that KSL has put in place a dividend policy where a minimum of 40% of KSL Group’s annual net profit from operations (excluding fair value gains) will be distributed to shareholders in the form of dividends in each financial year subject to the factors outlined below. The said dividends would also be eligible for the option of reinvestment by shareholders under the existing Dividend Reinvestment Plan (“DRP”). Shareholders should note that this dividend policy, which shall take effect from the financial year ending 31 December 2015, indicates the Board’s intention of rewarding shareholders and is not legally binding and therefore subject to modification (including reduction or non-declaration thereof) at the Board’s absolute discretion. The ability, quantum, and frequency of KSL to pay future dividends to the shareholders are subject to various factors including but not limited to the financial performance, cash flow requirements, availability of distributable reserves and tax credits, future operating conditions, as well as future expansion, capital expenditure and investment plans of KSL Group. As the Company is a holding company, its income, and therefore its ability to pay dividends, is dependent upon the dividends and other distributions that it receives from its subsidiaries. The payment of dividends or other distributions by the Company’s subsidiaries will depend upon their operating results, financial condition, capital expenditure plans, loan covenants and other factors that their respective boards of directors deem relevant. This announcement is dated 16 March 2015.

icy97

40%净利回馈股东 顺利实业可派13.8仙股息

财经新闻 财经  2015-03-20 11:20
（吉隆坡19日讯）分析员看好顺利实业（KSL，5038，主板产业股）信守制定股息政策的承诺，并相信公司可凭着强劲的竞争力，在充满挑战的环境脱颖而出。

顺利实业在较早前，宣布建立40%派息率的股息政策，分析员对此感到正面，因为公司正履行回馈股东的承诺。

肯纳格研究预计这项政策开跑后，公司的每股净股息和周息率，可从分析员根据30%派息率，预测的10.4仙每股净股息与4.8%周息率，分别提高至13.8仙和6.4%。

但值得注意的是，派息仍取决于公司财务表现、流动现金需求、储备金、税务、未来营运、拓展计以及资本开销等因素。

吸引首购族

分析员认为，顺利实业的产业价格极具竞争力，并以优秀的产业销售组合吸引首购族，相信可在严峻的环境中，继续维持强劲的表现。

同时，公司的产业发展赚幅高企，且经常收入占了总盈利的26%。

这些利好因素将推动盈利增长，帮助顺利实业突破产业市场的挑战。

周息率比同行高

分析员将今年和明年的每股净股息预测，分别提高33%，至13.8仙和15.4仙，周息率预计达6.4%至7.1%。

而顺利实业今年的周息率，比领域同行平均5.1%的周息率来得高，本益比也低于同行平均的8倍，录得6.2倍。

分析员认为目前的股价仍具吸引力，重申“超越大市”评级。【南洋网财经】

icy97

Type	Announcement
Subject	OTHERS
Description	KSL HOLDINGS BERHAD ("KSL" OR "THE COMPANY") - ACQUISITION OF SUBSIDIARIES
The Board of Directors of KSL is pleased to announce that KSL has on 24 March 2015 acquired three (3) ordinary shares of RM1.00 each from the Vendors of the following Companies ("the Acquisition"):- Name of Companies Name of Vendor No. of Share Consideration (RM) KSL Cekap Bina Sdn. Bhd. Khoo Cheng Hai @ Ku Cheng Hai Ku Hwa Seng Ku Tien Sek 1 1 1 1.00 1.00 1.00 KSL Perfect Builder Sdn. Bhd. Khoo Cheng Hai @ Ku Cheng Hai Ku Hwa Seng Ku Tien Sek 1 1 1 1.00 1.00 1.00 Following the Acquisition, KSL Cekap Bina Sdn. Bhd. and KSL Perfect Builder Sdn Bhd became wholly-owned subsidiaries of KSL. Both KSL Cekap Bina Sdn Bhd and KSL Perfect Builder Sdn Bhd were incorporated in Malaysia on 2 January, 2015 with the current issued and paid-up share capital of RM3.00 divided into three (3) ordinary shares of RM1.00 each. KSL Cekap Bina Sdn Bhd and KSL Perfect Builder Sdn. Bhd. are presently dormant. The above Acquisition does not have any material effect on the issued and paid-up share capital of KSL and has no material effect on the earnings and net assets of KSL Group for the financial year ending 31 December 2015. Mr. Khoo Cheng Hai @ Ku Cheng Hai, Mr. Ku Hwa Seng and Mr. Ku Tien Sek are interested in the Acquisition by virtue of them being directors and substantial shareholders of KSL and have abstained from deliberation and voting on the Acquisition. Save as disclosed above, none of the Company's major shareholders and/or Directors and/or person connected to them have any direct/indirect interest in the Acquisition. This announcement is dated 24 March 2015.

sophie006

版主您是否了解KSL还有多少 Warrant 2011/2016  将 Conversion to Ordinary Shares？

太恐怖了，密密麻麻全是 Additional List Announcement:

http://www.bursamalaysia.com/mar ... y=5038&category=all

sophie006

我用的是Hong Leong ebroking. 你可以讲得更具体点吗？如何搜寻？

sophie006

可是大量的凭单行使+抛售，使得股价急剧回落……

cys5051

KSL最近一路跌，有什么坏消息吗？

icy97

发展项目进账走高 顺利实业净利涨32%

财经新闻 财经  2015-05-30 11:44
（吉隆坡29日讯）旗下发展项目进账走高加上销售额带动，顺利实业（KSL，5038，主板产业股）截至3月杪首季，净利按年上涨31.5%。

该公司向马交所报备，首季净利达8248万4000令吉，或相等每股8.82仙，上财年同期为6103万4000令吉，或每股15.8仙。

相比去年的2亿791万8000令吉，首季营业额按年扬升26.9%，达到2亿6383万1000令吉，主要归功于产业发展业务。

顺利实业主席邱华成通过文告指出，消费税开跑后，消费者重新调整日常支出，公司将视之为本财年的一大挑战。

该集团营收主要来自于两个业务，即产业发展业务贡献85.5%，产业投资则占14.5%。

目前正在进行中的柔佛与巴生谷发展项目，发展总值高达30亿令吉除此之外，顺利实业在中南马拥有约2100英亩地库，可以满足未来15至20年的市场需求。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

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

1	Revenue	263,831	207,918	263,831	207,918
2	Profit/(loss) before tax	109,738	80,369	109,738	80,369
3	Profit/(loss) for the period	82,484	61,034	82,484	61,034
4	Profit/(loss) attributable to ordinary equity holders of the parent	82,484	61,034	82,484	61,034
5	Basic earnings/(loss) per share (Subunit)	8.82	15.80	8.82	15.80
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 ($$)	1.9300		2.0300

icy97

销售势头减弱　顺利盈利预测下调

财经  2015年06月09日
（吉隆坡9日讯）顺利实业（KSL，5038，主板產业股）在首季销售势头减弱之后，將销售目標下修，分析员亦因此將该公司2015及2016財政年销售预测分別下调8.5%及7%。

肯纳格研究分析员，在日前出席顺利实业的简报会后发表的报告中指出，顺利实业2015財年首季的销售只录得1亿4990万令吉，佔分析员全年预测的18%。

由於严格的贷款条例及管理层採取保守的策略，导致公司本季度较少推出新项目，这也是其销售落后预测的主要原因。

不过，分析员认为，这其实和整个行业的趋势一致。肯纳格研究追踪的发展商当中，54%均面临销售落后目標的境况。

分析员指出，顺利实业管理层和其竞爭对手一样，將大多数的项目定在2015財年下半年推出，这些项目的发展总值约7亿令吉，並以可负担房屋（每户约50万至60万令吉）为主。

虽然如此，顺利的投资物业表现则有进步，在发展业务放缓之际，继续支撑公司的盈利。

分析员也透露，顺利实业的管理层强调，该公司有意提高经常收入基础，以免过度依赖房地產开发的收益。因此，他们计划在2015年底或2016年初启动其第2项投资產业的建筑活动，这项產业名为KSL City Mall 2。

不过，肯纳格研究认为，由於管理层尚未敲定KSL City Mall2的建筑计划，该商场工程应將在2016年末才会动工，同时公司暂时也无法提供资本开支（CAPEX）方面的资料。

KSL City Mall 2预计將是一项建筑面积为200万平方公尺的5层零售商场，並附有3栋服务式公寓及酒店。

目前顺利实业的资產负债表仍然强劲，其首季净负债维持於相对低的0.3倍。

估值仍具吸引

惟顺利实业一旦开始大规模购买土地，或集资兴建KSL City Mall2，其净负债將攀升至0.52倍或9亿令吉。无论如何，分析员认为，这仍处於他们所能接受的0.5倍至0.6倍之內。

肯纳格研究指出，基於顺利实业在本財政年上半年的销售走弱，因此將其2015財政年销售预测降低8.5%，至7亿6100万令吉；而2016財政年销售预测也降7%，至7亿7300万令吉。但是分析员认为，该股估值仍具有吸引力。

管理层表示，由於低廉的土地成本，及產业投资业务的支撑，该公司的净赚幅將持稳在32%。目前的未入账销售达8亿4700万令吉，预期可支撑2015財政年的核心净利。而2016財政年的核心净利则预期將稍微下跌0.7%，至3亿令吉。

分析员维持顺利实业「跑贏大市」的评级，目標价为2.48令吉。【东方网财经】

icy97

顺利新广场年底动工　提高房產投资比重至30%

财经  2015年06月23日
（吉隆坡23日讯）顺利实业（KSL，5038，主板產业股）指出，位于巴生总发展值为20亿令吉的KSL CITY广场2（KSL CITY MALL 2）预计在今年底开始动工，將于2018年竣工。

顺利实业总裁邱华成今日在出席股东大会后向媒体表示，隨著KSLCITY广场2的落实，房地產投资业务的贡献佔公司营业额比重將提高至30%，目前房地產投资业务佔公司盈利20%。

同时，该新广场也將改善公司的经常性收入和扩大公司的盈利来源。

他指出，该广场將包含，拥有400间套房的酒店和3栋服务式公寓，面积200万平方公尺。

一旦落成將是巴生当地面积最大的广场。有关服务式公寓每单位售价將介于50万至70万令吉之间（每单位面积介于600至1100平方公尺。）

邱华成透露，顺利实业目前將专注于发展KSLCITY广场2的计划。同时，也积极在本地寻找適当的地皮，地点包括檳城、沙巴和砂拉越。

目前，该公司在柔佛州有10项计划正在进行中，总发展价值为26亿令吉。除此之外，该公司目前也在巴生进行3项总发展价值高达4亿1070万令吉的计划。【东方网财经】

james_owk

some sharing. thanks for reading!

KSL HOLDINGS BERHAD AGM on 23 June 2015 and field trip
Sunday, June 28, 2015
http://scuttlebuttinvesting.blog ... n-23-june-2015.html

KSL HOLDINGS BERHAD AGM on 23 June 2015

Questions addressed to the Chairman during the AGM
1.    The Klang mall, said to be 2.2mill square feet slated to be completed by 2018.
o    What is the budget and can you honor your dividend payout of 40% of non-fair value gain profit?
Answer: The mall will be completed in two phases. Phase one will be 1.1mil sq feet and phase 2 will also be 1.1sq feet. The budget for Phase one is approx. RM500-600mil. We will continue to honor the budget of 40% of dividend payout ratio. (editor’s note: when approaching the IR later on, he mentioned that KSL’s strategy is to sell service apt/ SOHO on top of the mall to help finance the mall)

o    When will be the next cycle of major renewal on lease rental of your KSL mall?
Answer: KSL City mall tenancy agreements are renewed on a 1-2 year basis.

o    How do you plan to compete with nearby malls like AEON mall and IOI city mall? What will be the competitive advantage?
Answer: We intend to duplicate our current JB KSL City mall success in Klang

2.    In the latest Q report, there was a new "current other asset" of RM127.8mil. Please explain.
Answer: MASB 32 – Adjustment for the difference between revenue and progress billing received from on-going projects.

3.    Looking at the number of IP you will have in the coming years, do you have any plans to transfer into a REIT for tax savings for your shareholders?
Answer: There are currently no concrete plans to transfer to a REIT. Still under discussion. (Editor’s note: when speaking to the outsourced IR CEO later, he mentioned that they do have intentions to set up a REIT as they have their KSL City mall & hotel and two other investment properties in the pipeline (KSL Mall@Klang and KSL Residence@ Daya hotel)

4.    Given the slowdown in the property market, especially in Johor due to the iskandar hype, do you see your launches and sales slowing down?
o    Are you able to maintain your current sales and revenue target given the soft market?
Answer: We do not deny that the property sales in Johor has slowed down in current months. However we emphasise that we are in the affordable market of approx. RM500k/ unit. Therefore we will still be able to capture sales

5.    What is the total launches by GDV for 2015 - 2017 and what is your expected sales?  
Answer: Please inquire of our CFO for the details. (Editor’s note: the CFO asked to email, however, not sure if will get the list)

6.    I think your share price is pretty low given investor sentiment on pd. Why aren't you buying back shares more aggressively?
Answer: Looking into that. We are buying back shares to stablise the price (editor’s note: the answer here is weak)

7.     In your annual report and on your website, I only see 5 townships: kempas indah, bestari indah, nusa bestari, canary garden and mengkibol. However I read that you have many fragmented land banks in Johor, maybe such as maharani Rivera. Are there any other developments and how can we find out more about them? In recent times we have bigger projects and cannot afford to explain all of them in our annual report.

Answer: Please see our CFO for further details. (Editor’s note: CFO mentioned that there are over 100 land banks. The list of land banks is disclosed during the analyst briefing 4 times a year during the Q result season. For the smaller land banks in small towns, the development is not advertised in the website, but locally through local advertisements. They take their time with development with the smaller land banks but their biggest developments are the 4 townships and the 5 high rises (which are also part of the township).

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Type	Announcement
Subject	OTHERS
Description	KSL HOLDINGS BERHAD ("KSL" or "teh Company")-Acquisition of wholly-owned subsidiary
The Board of Directors of KSL wishes to announce that KSL Perfect Builder Sdn Bhd, a wholy-ownbed subsidiary of the Company has on 30 June 2015 entered inti a Sale and Purchase Agreement to acquire 100% equity interest in Gantang Jaya Sdn Bhd. The details of the announcement is attached herewith. This announcement is dated 30 June 2015.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4787693

Attachments KSL-Acquisition of wholy-owned subsidiary.pdf

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KSL複製模式到巴生 綜合發展計劃成新趨勢

財經財經微觀1 Jul 2015 22:26

報導：謝錦彬

社會環境的變遷，使得人們開始對房產需求出現變化，除了高品質的居住環境，附近還要有購物中心和電影院等娛樂設施，公寓、購物中心和酒店等，多合為一的房地產發展計劃，已成了市場新的發展趨式。

正因為柔佛KSL購物中心（KSL City Mall）的成功，順利實業（KSL，5038，主要板房產）才決定將同樣的發展模式，複製到巴生，迎合當地市場需求。

近來許多新房產項目都趨向綜合發展，即把公寓、購物中心、酒店和辦公室等集合在一個發展計劃內。

在這種模式下，不同類型的房產能夠相互扶持，互惠互利，比起過往獨立存在，此新發展模式帶來的潛在效益更大。

順利實業執行主席邱華成指出，這種發展模式，購物中心與酒店可以相互扶持。

他解釋，購物中心的店家和供應商等遠道而來做考察或準備時，能夠住在酒店內，酒店房客也可到購物中心逛街。同時這也可滿足公寓住戶到購物中心採購日常用品，非常方便，親友到訪也能住在酒店。

設有主題樂園成賣點

“這種模式比起將購物中心和酒店等紛紛獨立開設來來得更好。獨立開設需要依靠周邊的交通與設施的人流，未能像綜合發展計劃般，有其他類型的房產可吸引不同人流推動酒店和購物中心等業務。”

邱華成在接受《中國報》專訪時指出，業者最重要的是了解客戶所需，只要能滿足他們的需求，那客戶會再回來，因此不管在吃、服務和娛樂設施方面都需要做到最好。

“酒店房客不可能只待在房內，像是帶家人出差，自己可以放心去工作，孩子就可以到購物中心、主題樂園等地遊玩，不會覺得無聊。”

他指出，許多國家的酒店都是採用這樣的模式，並且相當成功，將酒店設在購物中心內，十分方便。

他補充，吉隆坡雖然也有這種發展模式，但不同的在于公司旗下的KSL購物中心的酒店是設有主題樂園，這是其他酒店所沒有的。

冀提高房產投資業務貢獻

順利實業為國內房產發展商，負責房產發展與建築業務，該公司在7年前進軍房產投資和酒店業務，進一步擴大經常收入來源。

邱華成說：“我們的專業是興建房產，建造的主要是可負擔房屋，7年前，我們開始轉向房產投資，建造KSL購物中心和KSL酒店（KSL Resort）。”

“在酒店方面，我們對自己有信心，依然採用公司品牌，不是讓他人來管理，長遠來看，還可以打造自己品牌。”

他指出，公司致力參與房產投資，冀開拓新收入來源，以為公司帶來經常性收入，尤其投資酒店可帶來長期收入，不會因外圍不利因素而受影響。

目前，房產發展業務佔公司收入80%，其余20%為房產投資和酒店業務，該公司計劃提高房產投資業務貢獻至30%。
　
“在進軍房產投資領域前，我們在新山有一塊很好的土地，當時一直在想要如何發展，最后決定建造一個大型，且與眾不同的酒店。除了雲頂高原以外，KSL酒店是大馬最大的酒店，共有868間房間，並將設有主題樂園。”

從汽車到房產投資全靠努力

“轉向投資酒店時，許多人都問，你會管理酒店嗎？其實在我們還未開始做房產投資時，順利實業是從事汽車業務的，在轉向房產發展業務時，大家再問，你會做房產嗎？但這幾年下來事實證明，我也將房產發展業務做得相當不錯，只要我努力去做，還是可以的。”

邱華成指出，30年前的順利實業主要經營汽車銷售業務，但當時因經濟不太好，汽車銷量並沒有很好，因此決定轉向房產發展。

在這30年來，在公司團隊的努力下，業務版圖從原本的昔加末，擴展至新山，甚至還到了巴生。

“進軍酒店業務時，很多人都說我們很大膽，但我不這么認為，新加坡人常到新山旅遊，柔佛又有樂高園等，我們就看好這一點。”

他認為，該公司本財年截至3月底首季營業額在房產投資業務推動下高漲，預計該業務未來將進一步推動業績成長，未來若有機會，公司將擴展至其他地區，目前則專注現有業務。

趁低入市省成本

危機往往就是轉機，2008年對許多業者而言，可說是人生中一個很大的危機，這對剛好要進軍房產投資的順利實業，確實一個千載難逢的良機，建材價格下滑，為公司建造KSL購物中心省下20%至30%成本。

邱華成指出，2008年正是KSL購物中心建造之時，當時建材價格大幅下滑，跌幅介于20%至50%不等，反讓公司從逆境中獲利，省下20%至30%成本。

“當時每天都有新加坡人湧入大馬，我們相信此時便是良機，不會有錯，因此不擔心金融危機會影響我們的計劃。”

他指出，新加坡地小人廣，大家能去的地方不多，因此柔佛成了他們的首選，幾乎每個週六和週日都會來馬遊玩，該酒店每逢週末都會爆滿。

KSL酒店房客主要還是以大馬人為主，佔70%，其余30%為外國人，其中以新加坡人居多。

邱華成指出，這個房產模式在柔佛取得相當成功的成績，因此公司希望將該模式複製到其他地區，而KSL City Mall 2將在巴生建造，放眼2018年完成。【中国报财经】

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES
Description	DIVIDEND REINVESTMENT PLAN THAT PROVIDES THE SHAREHOLDERS OF KSL WITH THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND INTO NEW ORDINARY SHARES OF RM0.50 EACH IN KSL (2nd DRP)
We refer to the announcements dated 27 February 2015, 1 July 2015 and 8 July 2015 in relation to the 2nd DRP. On behalf of the Board of Directors of KSL (“Board”), Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that the issue price of the new ordinary shares of RM0.50 each in KSL (“KSL Shares”) to be issued pursuant to the 2nd DRP, which is applicable to the entire final single tier dividend of RM0.05 per KSL Share (“Dividend”) for the financial year ended 31 December 2014, has been fixed today (“Price-Fixing Date”) at RM1.4783 per KSL Share (“Issue Price”). The Issue Price represents a discount of RM0.1642 or approximately 10% to the adjusted volume weighted average market price (“VWAMP”) of approximately RM1.6425, which was arrived at based on the 5-day VWAMP up to and including 7 July 2015, being the last trading day prior to the Price-Fixing Date, of approximately RM1.6925 per KSL Share, and after deducting the Dividend of RM0.05 per KSL Share. On behalf of the Board, HLIB also wishes to announce that the books closure date for the Dividend and the 2nd DRP shall be 23 July 2015. Barring any unforeseen circumstances, the new KSL Shares arising from the 2nd DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 18 August 2015. This announcement is dated 8 July 2015.

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EX-date	21 Jul 2015
Entitlement date	23 Jul 2015
Entitlement time	05:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final single tier dividend of 10% per ordinary share of RM0.50 each in KSL Holdings Berhad (KSL) (KSL Share)
Period of interest payment	to
Financial Year End	31 Dec 2014
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/4647301 Petaling JayaSelangor Darul EhsanTel: (603) 7841 8000Helpdesk Tel: (603) 7849 0777Fax: (603) 7841 8151/52
Payment date	17 Aug 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	23 Jul 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)
Entitlement indicator	Percentage
Entitlement in Percentage (%)	10.0000
Par Value	Malaysian Ringgit (MYR) 0.500