...STRICTLY PRIVATE AND CONFIDENTIAL Serial No. NNNNNNNNNN UNITED GROWTH BERHAD (Company No. 739648-W) Islamic Medium Term Notes pursuant to an Islamic Medium Term Notes Programme of RM2.2 billion under the Shariah principle of Musharakah Joint Lead Arrangers and Joint Lead Managers CIMB Investment Bank Berhad HSBC Amanah Malaysia Berhad (Company No: 18417-M) (Company No: 807705-X) 13 June 2012 IMPORTANT NOTICE Responsibility Statements This Information Memorandum has been approved by the directors of United Growth Berhad (Company No: 739648-W) (“UG” or “Issuer”) and UEM Group Berhad (Company No: 6551-K) (“UEM” or “Obligor”) and UG and UEM accept full responsibility for the accuracy of the information contained in this Information Memorandum. UG and UEM, after having made all reasonable enquiries, confirm that this Information Memorandum contains all information with respect to UG and UEM which is material in the context of the Islamic medium term notes programme of RM2.2 billion (“Programme”) and the offering of the Islamic medium term notes (“Sukuk”) under the Programme. The opinions and intentions expressed in this Information Memorandum in relation to UG and UEM are honestly held, have been reached after considering all relevant circumstances and are based on reasonable assumptions and there are no other facts in relation to UG and UEM or the Programme the omission of which would, in the context of the Sukuk issue, make any statement...
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...Devi Selvaraju Noor Armi Addila Bt Noor Ariff Nur Azlinda Bt A.Azaman Norliza Bt P P Mohamed • 2. AGENDA• INTRODUCTION• MANAGEMENT CONSTRAINT• COMPETITION• UNPROFITABLE ROUTES• INCREASED IN FUEL PRICE• MAINTENANCE COST• RECOMMENDATION • 3. INTRODUCTION• 1994- Privatized 32% controlling stake to Tajuddin Ramli through Naluri Berhad• 1998- Asian Financial Crisis MAS faced substantial losses• 2005- MAS reported loss RM1.3b• 1 Dec 2005- Idris Jala became CEO of MAS• 27 Feb 2006 - BTP 1 was announced • Action taken by management(Government intervention (Constrained freely changing destination, routes and pricing (4. 1. MANAGEMENT CONSTRAINT • 5. Constrained Freely ChangingDestination, Routes And Pricing • MAS suffered high losses due to poor management & fuel price increases. • MAS operations were identified as the causes of the RM1.3 billion loss are: – Escalating fuel prices – Increased maintenance and repair costs – Staff costs – Low yield per available seat kilometre • 6. Government Intervention • Transformation Programme: - Widespread Asset Unbundling (WAU) RM7bil in debt were shifted to Penerbangan Malaysia Berhad (PMB) - Government Linked Corporation (GLC) BTP is also part of the GLC which aims to make all GLCs more successful. • 7. Action Taken By The Management • Increased domestic price • Major cost reductions were made • Improve MAS network • New low cost community airline • Malaysia’s first commuter airline was launched • 8....
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...The original name of Malakoff Corporation Berhad is Malakoff Berhad. It was a plantation-based firm which was formed on 9 Ocktober 1975 and listed on Bursa Malaysia (previously named as the Main Board of the Kuala Lumpur Stock Exchange) in 1976. The company has then changed its corporate direction into power sector after disposing its plantation-based assets in October 1993. Nucleus Avenue (M) Berhad, a subsidiary of MMC Corporation Berhad has offered to acquire Melakoff Berhad (MB) on 17 May 2006. The acquisition includes all the assets except for cash and the assumption of all the debt and liabilities of MB for a total cash of RM9.307.6million. On 30 April 2007, the acquisition was finally completed. MB was then delisted from the official list of the Main Board of Bursa Securities (known as Main Market of Bursa Securities) on 18 July 2007. After being delisted, it was renamed to its present name, Malakoff Corporation Berhad (MCB) on 25 April 2007. Committe to sustainability, we hold the health, safety and security of our staff paramount. We take great care to minimize the impact on the environments in which we operate and as a responsible corporate citizen, we set out to be a good neighbour in whatever we do and wherever we go. At present, Malakoff is the leading IPP in Malaysia with an effective capacity of 5,346 MW comprising of 6 power plants that run on oil, coal and gas. On the international front, as an independent water and power producer (IWPP), we own a net...
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...PADINI HOLDINGS BERHAD PROFILE Company Profile : Padini Holdings Berhad Ticker : PADINI Exchanges : KUL 2007 Sales : 316,870,000 Major Industry : Apparel & Textiles Sub Industry : Apparel Manufacturers Country : MALAYSIA Employees : 1762 Business Description Padini Holdings Berhad. The Group's principal activity is dealing garment, ladies' shoes and accessories. Operations are carried out in Malaysia and Hong Kong. Industry Trend and Development Going forward, we still firmly believe that issues relating to size and brand power will continue to be the predominant competitive features that businesses in the retail fashion industry have to address. Shopping malls, both new and existing ones, are getting larger, and the stores located within them are also expanding in size. The newly-opened Berjaya Times Square and Ikea Store can attest to that. And given the continuing proliferation of brands and the numerous communication channels that exist, it will get increasingly tougher to reach, secure and retain customers. In this chaotic and rapidly evolving market environment, brands, properly and smartly managed, will provide the stability needed to drive growth and market share. Flashback |1971 |Began operations as Hwayo Garments Manufacturers Company, a sole proprietorship carrying out the manufacturing | | |of ladies garments and wholesaling of the finished products to departmental stores. | |1973 ...
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...KENANGA RESEARCH 29 January 2013 Initiating Coverage Padini Holdings Berhad Maturing gracefully MARKET PERFORM Price: Target Price: Share Price Performance RM1.83 RM1.84 We are initiating coverage on Padini Holdings Berhad (“Padini”) with a MARKET PERFORM call and a target price of RM1.84, which is based on a targeted PER of 11.2x on the company’s FY13 EPS of 16.4 sen. Padini has a strong foothold in the domestic market with a vast retail network of nine labels under its portfolio namely Padini, Padini Authentics, PDI, P&Co, Seed, Vincci, Vincci+, Vincci Accessories, and Miki Kids. The group has grown its retail presence over the years to 48 single brand stores, 26 Padini Concept Stores, 20 Brands Outlets, 155 consignment counters, 15 franchises in the domestic market and over 80 franchises and dealers in the international arena. 5-year net profit CAGR of 24.8%. Padini has a strong track record of revenue and earnings growth. It has a 5-year revenue and net profit CAGR of 18.0% and 24.8% respectively, driven primarily by the aggressive floor space expansion of its high-growth Brands Outlet and Padini Concept stores. In just five years, Padini has almost tripled its floor space to 699,136 sq ft, which a net addition of 129,600 sq in the past year alone. Growing beautifully. With five more stores scheduled to open in early FY14, much of the revenue growth in the interim will come mainly from the gradual maturing of its outlets in new malls, which should then generate...
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...Executive Summary Our research on Padini Holdings Berhad reveals its overall position and history in the retail industry since 1971 as well as its vision and mission established to the accomplishment of their corporate goals. On top of that, the financial and strategic objectives set by the management to meet its goals are also outlined in the body of the report. Through the analysis of the financial statements, the liquidity position of the group can be gauged by using a number of measures like the trade receivables and payables period, current and quick ratio, and also its working capital cycle. Collectively, these measures indicate that the group is relatively liquid in nature. Besides, an analysis of the capital structure of the group shows that there is a lack of equity funding as compared to debt funding in the past three years while the group moves to a more conservative approach in managing its debts. On the other hand, while its gearing ratio increases slightly as compared to the past year, it still meets the industry average ratio and hence poses no threat to the going concern of the group. In terms of the share price, it is noted that there is a significant decrease in share price of the group in year 2011 due to a share split involving subdivision of its existing shares to enhance its share liquidity. However, due to the fact that its growth rate in dividend is increasing annually, its share price is expected to increase in future periods. ...
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...Market Analysis Kouselya Namasivayam SCSJ 001 4698 SeGi College Subang Jaya Investment (BA 343) Ms Bavani Chandra Kumar July 2nd, 2015 Summer 2015 2.0 Table of Contents 1.0 Cover Page 1 2.0 Table of Contents 2 3.0 Introduction 3 4.0 Research Reports 5 4.1 Padini Holding Berhad 5 4.2 Bonia Corporation Berhad 9 4.3 Voir Holding Berhad 13 5.0 Conclusion 16 6.0 References 17 7.0 Appendices 19 3.0 Introduction Textile and Apparel Industry Being a highly open economy, Malaysia’s economy is influenced by the large global economic improvements. In the meantime, uncertainties concerning the strength of global economic prospect and the sharp rise in the oil price have outstretched the concerns. These have given impacts to the market sentiments and lead to volatility substantially in late 2014 and early 2015. On the other hand, the rise in fuel and food prices as a consequence of subsidy restructured by the government had directly affected the inflation rate of the country. As a result, this has brought a softening in consumer sentiments and reduced the household spending power. In other term, the retail industry particularly the textile and apparel subsector were negatively impacted and undergone a very challenging year in 2013. In overall, The Malaysian economy is anticipated to record a deliberate growth of 4% - 5% in 2015, reinforced largely by a continuous development in domestic demand and a robust...
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...PADINI HOLDINGS BERHAD (50202-A) AA annual report 2012 annual report 2012 AB PADINI HOLDINGS BERHAD (50202-A) Contents Notice of Annual General Meeting Statement Accompanying the Notice of Annual General Meeting Notice of Nomination of Auditors (“Appendix A”) Corporate Information Corporate Structure Group Financial Highlights Chairman’s Statement Statement on Corporate Social Responsibility Corporate Governance Statement Report of the Audit Committee Statement on Internal Control Profile of Directors Directors’ Responsibility Statement in Respect of the Annual Audited Financial Statements Financial Statements Directors’ Shareholdings and Interests Analysis of Shareholdings List of Group Properties Statement Regarding Revaluation Policy Form of Proxy 2–4 4 5 6 7 8–9 10 – 13 14 – 16 17 – 21 22 – 25 26 – 27 28 – 31 32 33 – 97 98 99 – 102 103 104 105 Contents 1 PADINI HOLDINGS BERHAD (50202-A) annual report 2012 Notice of Annual General Meeting For the financial year ended 30 June 2012 NOTICE IS HEREBY GIVEN that the Thirty First Annual General Meeting of the Company will be held at No. 19 Jalan Jurunilai U1/20, Hicom Glenmarie Industrial Park, 40150 Shah Alam, Selangor Darul Ehsan on 18 December 2012 at 10:00 a.m. for the following purposes:AGENDA Ordinary Business 1. To receive the Audited Financial Statements for the financial year ended 30 June 2012 together with (Ordinary the Reports of the Directors and Auditors thereon. Resolution...
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...PADINI HOLDINGS BERHAD (50202-A) AA annual report 2012 annual report 2012 AB PADINI HOLDINGS BERHAD (50202-A) Contents Notice of Annual General Meeting Statement Accompanying the Notice of Annual General Meeting Notice of Nomination of Auditors (“Appendix A”) Corporate Information Corporate Structure Group Financial Highlights Chairman’s Statement Statement on Corporate Social Responsibility Corporate Governance Statement Report of the Audit Committee Statement on Internal Control Profile of Directors Directors’ Responsibility Statement in Respect of the Annual Audited Financial Statements Financial Statements Directors’ Shareholdings and Interests Analysis of Shareholdings List of Group Properties Statement Regarding Revaluation Policy Form of Proxy 2–4 4 5 6 7 8–9 10 – 13 14 – 16 17 – 21 22 – 25 26 – 27 28 – 31 32 33 – 97 98 99 – 102 103 104 105 Contents 1 PADINI HOLDINGS BERHAD (50202-A) annual report 2012 Notice of Annual General Meeting For the financial year ended 30 June 2012 NOTICE IS HEREBY GIVEN that the Thirty First Annual General Meeting of the Company will be held at No. 19 Jalan Jurunilai U1/20, Hicom Glenmarie Industrial Park, 40150 Shah Alam, Selangor Darul Ehsan on 18 December 2012 at 10:00 a.m. for the following purposes:AGENDA Ordinary Business 1. To receive the Audited Financial Statements for the financial year ended 30 June 2012 together with (Ordinary the Reports of the Directors and Auditors thereon. Resolution...
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...Purpose of report Report is a form of logical expressions and organized. It consists of parts, titles and subtitles. For individual task, we, students BM2205E are required to observe any of ‘Customer Care Program’ of organization or any such programs that shows their effort to be close to the customer. We must choose two (2) organization from the same industry and do report based on their retention program. We need to compare between that two (2) organizations. In addition, we must also observe the impact it brings to the organization in term of performance and profitability. The industry that we can choose is either manufacturing, fast food, education, hospitality, fashion, entertainment, automotive or information technology industry. Reasons for written reports: • To know the background of the organizations • To analyse of business activities (customer care programs) • To provide information and facts • To identify problems • To propose solutions • To recommend actions to be performed • To concluded • To evaluate a research or activities • To synthesize a plan of action Introduction Customer care is also known as customer service. It is a process providing utilities of time and place for customers which included pre-transaction, transaction and post-transaction considerations relations to the exchange process with the customer. In other word, it is the provision...
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...Introduction Bonia Corporation Berhad was established in 1974 and listed on the Main Market of Bursa Malaysia. The company operates in segments of manufacturing, marketing, and retailing of fashionable apparels, footwear, accessories and leather goods. Bonia Group has a network of over 700 sales outlets and 70 boutiques all over the world that include countries like Singapore, Malaysia, Japan, Taiwan, China, Thailand, Myanmar, Vietnam, Indonesia, Brunei, Philippines, Kingdom of Saudi Arabia, Syria and Oman. Successful brands such as SEMBONIA and CARLO RINO was under leading label of BONIA. There are 3 share valuation methods we used to calculate the values of the company per shares, which are I. Net Assets Method of share valuation Net asset value is a method that based on the firm’s assets. Intangible assets which including goodwill should be excluded as the intangible assets include the brand name of the company which is indefinite assets. Unless there are definite assets like patents and copyrights which has limited life, then it can be include in when using this method to calculate the values of company per share as the assets can be sold. The data use to perform the valuation are also easily available as it is based on the firm, firms that have heavy tangible investments. Year | 2006 | 2007 | 2008 | 2009 | 2010 | | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | Non-current assets | | 79,886 | | 66,240 | | 74,546 | | 88,563 | | 81,042 | Current assets...
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...PADINI’s 7 Culture Speed Simplicity Self- Confidence Communication Team Work Learning Culture Consistency Targeting From our research, we can say that the targeting strategies used by PADINI is differentiated marketing where PADINI target several segment by offering different products to satisfy the different groups of customer. The targeted groups of customer are derived from the age range that above 7 to 50 and separated according to age and genders. The following table is showing the different targeted groups by offering different products. Group Age Gender Product Type of Product Infants and kids Below 7 Both Miki Kids Casual Childrens 7-12 Both Seed, PADINI Authentic Fashion style Teenagers or youngsters 12-18 Both Seed, PADINI Authentic Casual Adult 18-30 Female P & Co Younger style(Trendy) Adult 18-40 Both Seed Casual plus classic stylish designed Teenagers or Adult 13 - 50 Female Vincci and Vincci Accessories Female Accessories Adult 18-50 Both PDI Casual stylish designed Adult 18 -60 Both PADINI formal Marketing Differentiation & Positioning PADINI used the differentiation strategies of product and image to place the product occupies in the consumer’s minds. The hottest product of PADINI - Seed, use the product differentiation in term of design to place the product occupies in the consumers’ minds. For example, when a consumer want to buy a semi-formal with classic stylish designed, the Seed’s product...
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...Table of Contents CHAPTER 1 INTRODUCTION 4 Quality of life 4 1.1 Company Profile 9 1.1.2 Name of Company 9 1.1.3 Company History 9 1.1.4 Vision & Mission & Core value 11 1.1.5 Business Objectives 12 1.1.6 Corporate Social Responsibility (CSR) 13 1.2 Leadership Profile 14 1.3 Product Profile 16 CHAPTER 2 INDUSTRY ANALYSIS 17 2.0 Porter’s Five Forces 17 2.1 Intensity of rivalry among existing competitors 17 2.2 Threats of entry 18 2.3 Threat of substitutes 20 2.4 Bargaining power of supplier 20 2.5 Bargaining power of consumers 21 CHAPTER 3 EXTERNAL ANALYSIS 22 3.0 PEST Analysis 22 3.1 Political 22 3.2 Economic 22 3.3 Social 23 3.4 Technology 24 CHAPTER 4 COMPETITOR ANALYSIS 24 4.1 VIOR 25 4.2 GIORDANO 27 CHAPTER 5 INTERNAL ANALYSIS 28 5.1 Bases of competitive advantage 28 5.2 Organisational advantages 28 5.3 Functional/Departmental advantages 28 5.4 Inter-relationships with outside bodies 29 5.6 Financial Ratio Analysis 30 5.6.1 Profitability Ratio Analysis 30 5.6.2 Liquidity Ratio Analysis 31 5.6.3 Leverage Ratio Analysis 33 5.6.4 Activity Ratio Analysis 34 5.7 Value Chain Analysis 35 5.8 Target customer 36 5.9 SWOT 37 CHAPTER 6 STRATEGY ANALYSIS 40 Strategic Option A: S1S2S3O1 - Merger and acquisition strategy 40 RACES Evaluation: 41 Strategic Options B: S1S4T2 - Product development strategy (Defensive Strategy) 44 RACES Evaluation: 44 Strategic option C: W1W2T1 - Technology development...
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...PP16832/01/2013 (031128) Malaysia Company Update 17 January 2013 Buy (unchanged) Share price: Target price: MYR1.83 MYR2.40 (unchanged) Padini Holdings No Stranger To Competition Recent concerns addressed; Maintain BUY. We conducted channel checks to determine whether Padini has been affected by increasing competition. Our on-the-ground findings are that Padini’s brands remain popular among shoppers, and Brands Outlet in particular has been well received. Maintain BUY with an unchanged TP of MYR2.40 (14x 2013 PER). A net dividend yield of 4.4-4.9% and quarterly dividend payments further enhances the stock’s appeal. Paradigm Mall observation. We observed shoppers’ buying pattern at the newly opened mall in Petaling Jaya last weekend (Chinese New Year shopping has started), which houses major local and international apparel brands such as H&M, Uniqlo, Zara, Padini Concept Store (PCS) and Brands Outlet (BO) under one roof. Our findings are that Padini remains the “market leader” in this mall; its PCS and BO brands have a combined 45% “market share”. H&M stood out as the main competitive threat, accounting for a 38% “share of the market”. Extending its market presence. Elsewhere, store expansions will resume in FY6/14 after the slowdown in FY6/13 with only one new Brands Outlet. The five new stores (3 Brands Outlets, 2 Padini Concept Stores) for FY6/14 will all be located outside the Klang Valley, as the group extends its presence in the suburban areas. Besides facing less...
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...TABLE OF CONTENTS INDUSTRY BACKGROUND …………………………………………………….………………………………………….3 BONIA BRANDS ……………………………………………………………………………………………………………..4 MISSION AND VISSION ...............................................................................................................................................….....5 FINANACIAL STATEMENTS ………………………………………………………………………………………………6 • FINANCIAL HIGHLIGHTS ……………………………………………………………………………………...6 • STOCK DATA …………………………………………………………………………………………………….7 COMPETITORS ………………………………………………………………………………………………………………8 • PADINI …………………………………………………………………………………………………………….8 • ESPRIT …………………………………………………………………………………………………………….9 • ELBA ………………………………………………………………………………………………………………10 PEST ANALYSIS …………………………………………………………………………………………………………….11 • POLITICAL ……………………………………………………………………………………………………….11 • ECONOMIC ……………………………………………………………………………………………………….12 • STRENGHT ……………………………………………………………………………………………………….13 • TECHNOLOGY ……………………………………………………………………………………………………14 SWOT ANALYSIS …………………………………………………………………………………………………………….15 • STRENGHT ………………………………………………………………………………………………………...15 • WEAKNESSES ……………………………………………………………………………………………………..16 • OPPORTUNITIES …………………………………………………………………………………………………..17 • THREAT ……………………………………………………………………………………………………………..18 2.0 CUSTOMER TARGET ……………………………………………………………………………………………………..19 • BONIA GROUP ……………………………………………………………………………………………………...
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