Company’s net tangible asset per share is higher than bid
PETALING JAYA: Superior Pavilion Sdn Bhd (SPSB) and Odyssey Wealth Sdn Bhd (OWSB) may have to again raise their offer price for Kumpulan Jetson Bhd shares and its irredeemable convertible unsecured loan stocks (Iculs) as the company’s shares are now trading at a three-month high, according to TA Securities Bhd research head Kaladher Govindhan.
SPSB, which is controlled by brothers SM Nasarudin SM Nasimuddin and SM Faliq SM Nasimuddin of the Naza Group, and OWSB, in which the brothers have a 50% stake, raised the offer to RM1 per share from the original offer of 70 sen and to 93 sen per Icul from 65 sen on Monday.
However, the revised offer price is still more than one-third below the net tangible asset per share of RM1.54 as at June 30.
A little known construction and property firm listed on the Bursa Malaysia main market, Kumpulan Jetson’s share price has been languishing since the beginning of the year and only started to show some life at the end of July when the counter rose a few sen from the 50-sen level it had been treading over the year.
Its share price shot up 67% to close at RM1.22 on Aug 21 from 73.5 sen after trading resumed following a suspension on Aug 20 when the first offer was announced.
The company’s share price has risen over 160% to close at RM1.34 yesterday from three months ago.
The brothers were said to want to maintain the company’s listing and use it for a backdoor listing of the Naza Group’s property assets including Naza TTDI Sdn Bhd (formerly TTDI Development Sdn Bhd).
The Naza Group is mainly involved in automotive trading and property development.
The brothers, who said before that they were making the offer in their personal capacity, could not be contacted for further information.
Showing posts with label SUTERA. Show all posts
Showing posts with label SUTERA. Show all posts
Thursday, September 17, 2009
Monday, September 14, 2009
Can Naza’s Young Boss Handle Platinum Park KLCC?
What are you doing at the age of 24?
Recently, I was impressed by a cover story of The Edge City & Country – ‘Naza’s Young Boss’. To my surprise, he is only 24 but S M Faliq S M Nasimuddin is already managing director of Naza TTDI Sdn Bhd, the property arm of the Naza group of companies.
Naza TTDI Sdn Bhd
Managing Director: S M Faliq S M Nasimuddin (24 years old)
"I know what I am doing, I believe in what I am doing, so trust me. Nonetheless, I also have a good team. I believe in team work because I won’t be able to do without my team. Source: Faliq’s Business Philosophy – ‘Always Have a Vision’"
Some features of Platinum Park KLCC:* High-end integrated residential & commercial development in KLCC
* RM4.1-billion developments
* 9.1 acres
* Completion for whole project on 2018
* 3 condominium towers
* 3 grade-A office blocks
o 50-storey office tower – Menara Felda (Federal Land Development Authority)
o 30-storey office building (Government-linked Company, to be confirmed)
o 50-storey office tower – Naza Tower (Naza Group of companies)
* 1 five-star hotel / serviced apartment tower
* 1.5-acre landscaped park
Can S M Faliq S M Nasimuddin handle RM4.1-billion mega project like Platinum Park? What say you?
Thursday, September 10, 2009
Study: Local auto brands close gap with foreign makes
KUALA LUMPUR: Malaysian auto brands have narrowed the gap with the non-national makes in overall sales satisfaction among new vehicle owners in the country, a survey conducted by JD Power found.
“As a whole, Malaysian national brands (Inokom, Naza, Perodua and Proton) improved by an average of six points from 2008,” said JD Power in its Asia Pacific 2009 Malaysia Sales Satisfaction Index (SSI) Study released yesterday.
“In contrast, the non-national brands included in the study decreased by an average of seven points, as a whole.”
Although national brands still trailed non-national brands by 16 index points, JD Power said the gap was considerably less than the 29 points in 2008. “National brands overall demonstrate the greatest improvement in the delivery timing factor and have also improved considerably from 2008 in the sales initiation and delivery process factors,” said JD Power in the statement.
The latest survey on customer satisfaction showed that overall sales satisfaction among new vehicle owners in Malaysia increased from 2008 by 3 points to 781.
Among the nine brands ranked in the study, Isuzu rated the highest in overall new-vehicle sales satisfaction with a score of 805. JD Power said Isuzu performed particularly well in six of seven factors: delivery process; paperwork; dealer facility; salesperson; deal and sales initiation.
Isuzu was followed by Toyota (798) and Suzuki (793). Toyota performed well in the delivery timing. Also ranking above the industry average were Honda, Mitsubishi and Nissan (tied at 783 each).
“Shortened delivery times are largely attributable to the economic downturn and reduced demand at dealerships,” said Taku Kimoto, general manager for Malaysia at JD Power Asia Pacific, Singapore.
“In light of this, consumer expectations around delivery times are changing. Dealers and manufacturers will need to continuously improve in this area to keep pace with these expectations.”
The study also found that the percentage of customers who negotiated the price of their vehicle increased by 7% from 2008 to 72% in 2009. At the same time, the percentage of customers who believed it was necessary to negotiate to obtain the lowest price and also indicated that they did not enjoy negotiating had increased by 6%.
“Given the current economic environment, customers are becoming more price sensitive,” said Kimoto. “Although some customers are reluctant to negotiate, they feel strongly about pushing to receive lower prices.”
The 2009 Malaysia SSI Study was based on the responses of more than 2,400 new vehicle owners who purchased their vehicles between September 2008 and April 2009. The study was fielded between March and June 2009.
For latest Bursa Malaysia indices, charts and other information click here
“As a whole, Malaysian national brands (Inokom, Naza, Perodua and Proton) improved by an average of six points from 2008,” said JD Power in its Asia Pacific 2009 Malaysia Sales Satisfaction Index (SSI) Study released yesterday.
“In contrast, the non-national brands included in the study decreased by an average of seven points, as a whole.”
Although national brands still trailed non-national brands by 16 index points, JD Power said the gap was considerably less than the 29 points in 2008. “National brands overall demonstrate the greatest improvement in the delivery timing factor and have also improved considerably from 2008 in the sales initiation and delivery process factors,” said JD Power in the statement.
The latest survey on customer satisfaction showed that overall sales satisfaction among new vehicle owners in Malaysia increased from 2008 by 3 points to 781.
Among the nine brands ranked in the study, Isuzu rated the highest in overall new-vehicle sales satisfaction with a score of 805. JD Power said Isuzu performed particularly well in six of seven factors: delivery process; paperwork; dealer facility; salesperson; deal and sales initiation.
Isuzu was followed by Toyota (798) and Suzuki (793). Toyota performed well in the delivery timing. Also ranking above the industry average were Honda, Mitsubishi and Nissan (tied at 783 each).
“Shortened delivery times are largely attributable to the economic downturn and reduced demand at dealerships,” said Taku Kimoto, general manager for Malaysia at JD Power Asia Pacific, Singapore.
“In light of this, consumer expectations around delivery times are changing. Dealers and manufacturers will need to continuously improve in this area to keep pace with these expectations.”
The study also found that the percentage of customers who negotiated the price of their vehicle increased by 7% from 2008 to 72% in 2009. At the same time, the percentage of customers who believed it was necessary to negotiate to obtain the lowest price and also indicated that they did not enjoy negotiating had increased by 6%.
“Given the current economic environment, customers are becoming more price sensitive,” said Kimoto. “Although some customers are reluctant to negotiate, they feel strongly about pushing to receive lower prices.”
The 2009 Malaysia SSI Study was based on the responses of more than 2,400 new vehicle owners who purchased their vehicles between September 2008 and April 2009. The study was fielded between March and June 2009.
For latest Bursa Malaysia indices, charts and other information click here
Monday, September 7, 2009
NAZA SUTERA 1.1
Individual Naza Sutera 1.1 M
Condition : Used
Price : RM 18,800.00 Best Offer
Used Car Home> Cars> Passenger Car>
All Cars By awmumyv Car loan Tell Friend
Make Naza
Model Sutera
Registered 2006
Manufactured 2006
CC 1075
Transmission Manual
Mileage 69999
General Information
Listing ID MYA181726
Date Posted 9/3/2009
Seller's Description
One owner ,nice interior ,easy to maintain ,all standard part ,tip-top condition ,trade in welcome.
Location SEMABOK MELAKA!!!
Ah Ti 0166617890
Gan 0162298611
Ong 0163306022
Note : The seller assumes all responsibility for listing this item. Please contact the seller to resolve any questions before or after purchasing the item. Currency is in Ringgit Malaysia (RM) unless otherwise noted
used NAZA SUTERA 1.1.
Dealer NAZA SUTERA 1.1(M)
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Condition : Used
Price : RM 21,333.00
Used Car Home> Cars> Passenger Car>
All Cars By honghuat Car loan Tell Friend
Click On The Small Picture To Enlarge
Seller's Description
*** NAZA SUTERA 1.1(M) *** 21333 !!!
WELL MAINTAN, CAREFUL OWNER, SUITABLE FOR HOUSE WIFE,100% ACC FREE,ORIGINAL CONDITION,VERY CLEAN INTERIOR,LOW MILEAGE,WE ACCEPT TRADE IN,
*WE CAN PROVIDE LOWEST INTEREST FROM BANK
*ALL THE CAR INSPECTION BY PUSPAKOM,
*THE OWNERSHIP GUARANTEE TRANSFERABLE.
khaipeng@hotmail.com
HONG HUAT MOTOR CO.
7G,LORONG DELIMA 3,ISLAND GLADES,
11700 PENANG WEST MALAYSIA.
www.honghuat.com.my
*PLEASE CALL MR.SENG 012-4367555 OR MR.SHANDRU 017-5553989 *
Make Naza
Model SUTERA 1.1 (M)
Series SUTERA
Fuel Petrol
Registered 2006
Manufactured 2006
CC 1075
Transmission Manual
Exterior Color KUNING
Interior Color GRAY
Doors 5
Seat 5
Mileage 51122
No. Owner 1
Owner Type Private
Paint Solid
Engine Type 1.1 (M)
Fuel System FUEL INJECTION
Specification
Air Bag(s)
Accident Free
Under Warranty
Air Conditioning
Central Locking
Power Steering
Power Windows
Cassette Player
CD Player
CD Changer
AM/FM Radio
Alarm System
ABS
Auto Cruise
Reverse Sensor
Electronic Mirror
Alloy Rims
Leather Seats
Catalytic Cvt.
General Information
Listing ID MYA181208
Date Posted 9/1/2009
Loan N/A
Seller ID honghuat
Contact Person 012-4367555/012-4283981
Company Hong Huat Motor Company
7-G, Lorong Delima 3,
Island Glades
11700 island glades, Penang Malaysia 04-6588484/04-6587686
Office No. 04-6588464,04-6587686,
Mobile No. 012-4308928/012-4247333
URL Visit Homepage
Note : The seller assumes all responsibility for listing this item. Please contact the seller to resolve any questions before or after purchasing the item. Currency is in Ringgit Malaysia (RM) unless otherwise noted
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