February 25, 2015

Company announcements: HLFG, IBHD, HLCAP, MUHIBAH, HLBANK, AXIATA

HLFG - Quarterly rpt on consolidated results for the financial period ended 31/12/2014

Announcement Type: Financial Results
Company NameHONG LEONG FINANCIAL GROUP BERHAD  
Stock Name HLFG  
Date Announced25 Feb 2015  
CategoryFinancial Results
Reference NoHL-150224-217E4

Financial Year End30/06/2015
Quarter2
Quarterly report for the financial period ended31/12/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

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
1Revenue
1,142,551
1,176,364
2,226,060
2,349,193
2Profit/(loss) before tax
796,122
753,177
1,543,115
1,565,753
3Profit/(loss) for the period
629,690
610,387
1,221,564
1,247,756
4Profit/(loss) attributable to ordinary equity holders of the parent
423,839
411,753
815,994
841,942
5Basic earnings/(loss) per share (Subunit)
40.50
39.50
77.90
80.70
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
13.00
13.00


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 ($$)
11.5500
10.9500

Remarks :
Net assets per share attributable to ordinary equity holders of the parent (RM) is computed as Total Equity (excluding Non-controlling Interest) divided by total number of ordinary shares in circulation (excluding Treasury shares).
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


IBHD - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameI-BERHAD  
Stock Name IBHD  
Date Announced25 Feb 2015  
CategoryGeneral Announcement
Reference NoII-150225-44454

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionSTATUS OF MEMORANDUM OF UNDERSTANDING (MOU) TO FORM A STRATEGIC PARTNERSHIP WITH AMBANK

We refer to the Company's announcement on 13 November 2014 in respect of the Memorandum of Understanding (MOU) to form a strategic smart partnership with Ambank.

Further to the said announcement, there are no new developments to the said MOU. The Company will make the appropriate announcement on any new developments to the MOU, if any.

This announcement is dated 25 February 2015.



HLCAP - Quarterly rpt on consolidated results for the financial period ended 31/12/2014

Announcement Type: Financial Results
Company NameHONG LEONG CAPITAL BERHAD  
Stock Name HLCAP  
Date Announced25 Feb 2015  
CategoryFinancial Results
Reference NoHC-150224-AAC31

Financial Year End30/06/2015
Quarter2
Quarterly report for the financial period ended31/12/2014
The figureshave not been audited

Attachments

HLCB-2nd Quaterly Results.pdf
530 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

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
1Revenue
63,651
67,146
126,592
123,332
2Profit/(loss) before tax
15,290
16,975
34,276
35,434
3Profit/(loss) for the period
15,798
22,714
34,139
47,016
4Profit/(loss) attributable to ordinary equity holders of the parent
15,798
22,714
34,139
47,016
5Basic earnings/(loss) per share (Subunit)
6.55
9.58
14.18
19.83
6Proposed/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 ($$)
2.5300
2.5200

Remarks :
Net assets per share attributable to ordinary equity holders of the parent (RM) is computed as Total Shareholders' Funds (excluding Minority Interest) divided by total number of ordinary shares in circulation.
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


MUHIBAH - OTHERS MUHIBBAH ENGINEERING (M) BHD (“MUHIBBAH” OR “THE COMPANY”) ACCEPTANCE OF LETTER OF AWARD BY THE CONSORTIUM OF JGC CORPORATION - PT. JGC INDONESIA - MUHIBBAH FOR THE ENGINEERING, PROCUREMENT, CONSTRUCTION, INSTALLATION AND COMMISSIONING FOR RGT1 MINIMUM SEND-OUT CAPABILITY IMPROVEMENT PROJECT FOR THE EXISTING LNG REGASIFICATION TERMINAL IN SUNGAI UDANG, MELAKA, MALAYSIA

Announcement Type: General Announcement
Company NameMUHIBBAH ENGINEERING (M) BHD  
Stock Name MUHIBAH  
Date Announced25 Feb 2015  
CategoryGeneral Announcement
Reference NoCC-150225-43732

TypeAnnouncement
SubjectOTHERS
DescriptionMUHIBBAH ENGINEERING (M) BHD (“MUHIBBAH” OR “THE COMPANY”)

ACCEPTANCE OF LETTER OF AWARD BY THE CONSORTIUM OF JGC CORPORATION - PT. JGC INDONESIA - MUHIBBAH FOR THE ENGINEERING, PROCUREMENT, CONSTRUCTION, INSTALLATION AND COMMISSIONING FOR RGT1 MINIMUM SEND-OUT CAPABILITY IMPROVEMENT PROJECT FOR THE EXISTING LNG REGASIFICATION TERMINAL IN SUNGAI UDANG, MELAKA, MALAYSIA

INTRODUCTION

The Board of Directors (“the Board”) of Muhibbah is pleased to announce that the Consortium of JGC Corporation - PT. JGC Indonesia - Muhibbah (the “Consortium”) has accepted the letter of award from Regas Terminal (Sg. Udang) Sdn. Bhd., a subsidiary company of PETRONAS Gas Berhad for undertaking the Engineering, Procurement, Construction, Installation and Commissioning (“EPCIC”) For RGT1 Minimum Send-Out Capability Improvement Project for the existing LNG Regasification Terminal in Sungai Udang, Melaka, Malaysia for a total contract sum of approximately RM116 million, exclusive of Goods and Services Tax (“the Contract”).


DURATION OF CONTRACT

The Contract is for twenty-two (22) months, commencing from the first (1st) quarter of 2015 and is expected to be completed by fourth (4th) quarter 2016.


FINANCIAL EFFECTS

The Contract is expected to contribute positively to the earnings and net assets of Muhibbah Group for the current and future financial years.

The Contract does not have any impact on the share capital and/or shareholding structure of Muhibbah.


DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders and persons connected to the Directors and/or major shareholders have any interest, direct or indirect, in the Contract.


DIRECTORS' STATEMENT

The Board, after considering all the relevant factors, is of the opinion that the acceptance of the Contract is in the best interest of Muhibbah Group.


This announcement is dated 25 February 2015.



HLBANK - Quarterly rpt on consolidated results for the financial period ended 31/12/2014

Announcement Type: Financial Results
Company NameHONG LEONG BANK BERHAD  
Stock Name HLBANK  
Date Announced25 Feb 2015  
CategoryFinancial Results
Reference NoHB-150224-752C0

Financial Year End30/06/2015
Quarter2
Quarterly report for the financial period ended31/12/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

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
1Revenue
1,023,448
1,054,971
2,038,006
2,084,377
2Profit/(loss) before tax
707,025
663,406
1,410,960
1,362,745
3Profit/(loss) for the period
551,602
520,287
1,099,170
1,064,774
4Profit/(loss) attributable to ordinary equity holders of the parent
551,602
520,287
1,099,170
1,064,774
5Basic earnings/(loss) per share (Subunit)
31.24
29.55
62.26
60.48
6Proposed/Declared dividend per share (Subunit)
15.00
15.00
15.00
15.00


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 ($$)
8.6500
8.2400

Remarks :
The Net assets per share attributable to ordinary equity holders of the parent (RM) is computed as Total Shareholders' Funds (excluding Minority Interest) divided by total number of ordinary shares in circulation.
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


HLBANK - Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameHONG LEONG BANK BERHAD  
Stock Name HLBANK  
Date Announced25 Feb 2015  
CategoryEntitlements (Notice of Book Closure)
Reference NoHB-150224-57643

EX-date10/03/2015
Entitlement date12/03/2015
Entitlement time05:00:00 PM
Entitlement subjectInterim Dividend
Entitlement descriptionInterim single tier dividend of 15 sen per share
Period of interest payment to
Financial Year End30/06/2015
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noHong Leong Share Registration Services Sdn Bhd
Level 5, Wisma Hong Leong
18 Jalan Perak
50450 Kuala Lumpur
Tel No: 03-2164 1818
Payment date 26/03/2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers12/03/2015 
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 indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.15

Remarks :
This announcement is dated 25 February 2015.


HLBANK - OTHERS HONG LEONG BANK BERHAD - Interim single tier dividend of 15 sen per share

Announcement Type: General Announcement
Company NameHONG LEONG BANK BERHAD  
Stock Name HLBANK  
Date Announced25 Feb 2015  
CategoryGeneral Announcement
Reference NoHB-150224-57420

TypeAnnouncement
SubjectOTHERS
DescriptionHONG LEONG BANK BERHAD
- Interim single tier dividend of 15 sen per share

The Board of Directors of Hong Leong Bank Berhad is pleased to declare an interim single tier dividend of 15.0 sen per share for the financial year ending 30 June 2015.

This announcement is dated 25 February 2015.



AXIATA - Quarterly rpt on consolidated results for the financial period ended 31/12/2014

Announcement Type: Financial Results
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced25 Feb 2015  
CategoryFinancial Results
Reference NoAG-150224-64905

Financial Year End31/12/2014
Quarter4
Quarterly report for the financial period ended31/12/2014
The figureshave been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

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
1Revenue
4,813,422
4,512,261
18,711,777
18,370,841
2Profit/(loss) before tax
840,449
726,566
3,114,456
3,533,039
3Profit/(loss) for the period
613,719
586,327
2,344,413
2,738,577
4Profit/(loss) attributable to ordinary equity holders of the parent
594,932
575,632
2,348,665
2,550,021
5Basic earnings/(loss) per share (Subunit)
6.90
6.70
27.40
29.90
6Proposed/Declared dividend per share (Subunit)
14.00
14.00
22.00
22.00


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 ($$)
2.4200
2.3000
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


AXIATA - OTHERS AXIATA GROUP BERHAD (“AXIATA”) – HEADLINE KEY PERFORMANCE INDICATORS (“KPIs”) FOR FINANCIAL YEAR ENDING ("FY") 31 DECEMBER 2015 AND ACHIEVEMENT OF HEADLINE KPIs FY2014

Announcement Type: General Announcement
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced25 Feb 2015  
CategoryGeneral Announcement
Reference NoAG-150224-66863

TypeAnnouncement
SubjectOTHERS
DescriptionAXIATA GROUP BERHAD (“AXIATA”) – HEADLINE KEY PERFORMANCE INDICATORS (“KPIs”) FOR FINANCIAL YEAR ENDING ("FY") 31 DECEMBER 2015 AND ACHIEVEMENT OF HEADLINE KPIs FY2014

 Axiata wishes to announce its FY2015 Headline KPIs.

These Headline KPIs have been set and agreed by the Board of Directors and Management of Axiata Group (“Group”) and shall not be construed as forecasts, projections or estimates of the Group or representations of any future performance, occurrence or matter as they are merely a set of targets/aspirations of future performance aligned to the Group's strategy and which have been derived on the assumptions that the Group shall operate under the current business environment under which they had been determined.

FY2015 Headline KPIs      

 

Proposed FY2015 Headline KPIs 

Revenue Growth (%)

 4.0

Earnings before Interest, Tax, Depreciation and Amortisation (“EBITDA”) Growth (%)

 4.0 
Return on Invested Capital (“ROIC”) (%)  8.7 
Return on Capital Employed (“ROCE”) (%) 

 

 
7.7 

 

 

In establishing the FY2015 Headline KPIs, the Management of Axiata has taken into consideration the following:-

  • No material increase in competition in the mobile market space of the Group’s major operating countries; 
  • No material Regulatory changes impacting the operating companies;
  • No material change in currency volatility, liquidity shortages and interest rates in the Asia- Pacific region in general, and in the Southeast Asia in particular;
  • No material change in CAPEX budget spending in all operating companies (‘OpCos’); and
  • Excludes divestment and merger acquisition impact.

Moving Forward 

Moving forward, the Group will continue to transform and expand its core business as well as to increase the focus on data leadership and profitability given its exponential growth opportunity. The Group will remain aggressive but targeted in its investments, towards achieving a diversified and balanced portfolio. The Group is committed to optimise the financial performance through disciplined OPEX and CAPEX spend, executed via diligent cost management initiatives and measures.

Axiata is expected to regain momentum in FY2015, as Celcom completed its IT transformation, enabling it to expedite the launch of new products; and XL is currently well placed to benefit from Axis integration. Smart, Robi and Dialog are expected to continuously deliver steady growth for the Group.

FY2014 Headline KPIs Achievements

  

Below are the Group FY2014 achievements against 2014 Group Headline KPIs:-  

                           

 

 
 

FY2014

Headline KPIs

 
 

FY2014 Achievement @ Constant Currency

 
 

FY2014 Achievement @ Actual Currency

 

Revenue Growth (%)

10.1

4.4

1.9

EBITDA Growth (%)

1.8

-1.2

-3.7

ROIC (%)

9.3

8.9

9.0

ROCE (%)

7.8

7.5

7.6

 

FY2014 has been a challenging year with slowing industry growth, intense competition and adverse political environment in some markets. Despite strong performance from most operating companies, the Group performance was impacted by forex volatility in Indonesia, political worsening in Bangladesh as well as the impact to international mobile termination revenues in Sri Lanka.

   

Within Malaysia, in 2014 Celcom was impacted by issues arising at the tail-end of its IT transformation, including inability to launch new products and services. This has since then been resolved in 4Q14. The integration of Axis in XL also affected its profitability in the short term. However, the consolidation has been successfully completed at the end of 3Q14, well ahead of schedule.

   

Amidst this backdrop, at constant currency, the Group recorded moderate Revenue growth of 4.4% year-on-year. EBITDA declined 1.2% driven by IT transformation issue in Celcom and Axis integration in XL. ROIC and ROCE are slightly below KPI, at 8.9% and 7.5% respectively, on the back of continued optimisation of investments.

  

At actual currency, Group performance was also adversely impacted by forex losses, particularly due to the depreciation of Indonesian Rupiah against Ringgit Malaysia. Accordingly, the Group recorded FY2014 Revenue growth of 1.9%, EBITDA decline of 3.7%, ROIC 9.0% and ROCE 7.6%.

This announcement is dated 25 February 2015.

 

 

 



AXIATA - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced25 Feb 2015  
CategoryChange in Boardroom
Reference NoAG-150225-BFAB3

Date of change25/02/2015
NameDr Muhamad Chatib Basri
Age49
NationalityIndonesian
Type of changeAppointment
DesignationDirector
DirectorateIndependent & Non Executive
Qualifications2001 : Ph.D. Economics, Australian National University

1996 : Master of Economic Development, Australian National University

1992 : Bachelor of Science in Economics, Faculty of Economics, University of Indonesia  
Working experience and occupation Role in the Government of Indonesia

•Minister of Finance of Republic of Indonesia, 21 May 2013-20 October 2014
•Chairman of Investment Coordinating Board, Republic of Indonesia, 14 June 2012-1 October 2013
•Vice Chairman of the National Economic Committee of the President of the Republic of Indonesia, 2010-2012
•Special Adviser to the Minister of Finance of the Republic of Indonesia, 2006 – 2010
•Sherpa, of the President of the Republic of Indonesia, Dr. Susilo Bambang Yudhoyono in the G-20 summit in Washington,
November 2008
•Deputy Minister of Finance of the Republic of Indonesia for G-20, 2006-2010
•Member of Advisory team to the Indonesian National Team on International Trade Negotiation, 2005- 2012
•Advisor to the Coordinating Minister for Economic Affairs of the Republic of Indonesia, 2004 –2005

Role In Scholarly Works And International Organisations

•Member of the High Level Trade Expert Group, co-chaired by Jagdish Bhagwati and Peter Sutherland, 2010-2011. The
report was launched in Davos, January 2011 by President Yudhoyono (Indonesia), Prime Minister Cameron (UK) and
Chancellor Merkel (Germany)
•Member of Independent Regional Advisory Group for Asia Pacific, International Monetary Fund (IMF), 2010-2012
•Chairman of the Institute for Economic and Social Research, 2005-2009
•Adjunct Fellow, The Australian National University, 2012-
•Senior Lecturer, Department of Economics, University of Indonesia, 1992
•Member of The Terrestrial Carbon Group and ex-Member of Forecasting Panel, Pacific Economic Outlook Forecasters, 2004-2007 and Advisory Team to the Indonesia-Japan Joint Forum on Investment,2005
•Associate Director for Research, the Institute for Economic and Social Research, Faculty of Economics University of Indonesia (LPEM FEUI), Jakarta, Indonesia, December 2001 – April 2004
•Visiting Research Fellow at the Institute of South East Asian Studies, Singapore, 2001
•Lecturer for Faculty of Economics University of Indonesia, 1995 - Present
•Research Assistant at the Department of Economics, Research School of Pacific and Asian Studies, Australian National University, 1994-2001

Role in the Private Sector

•December 2014 - Present : Chairman of the Indonesia Infrastructure Finance, a private non-banking financial institution owned by Indonesian Ministry of Finance, International Finance Corporation, Asian Development Bank, Deutsche Investions-und Entwicklungsgesellschaft mbh (DEG)and Sumitomo Mitsui Banking Corporation
•Served as Independent Commissioner for PT Astra International Tbk, PT Semen Gresik Tbk, PT Astra Otoparts Tbk and PT Indika Energy Tbk
•Member of Asia Pacific Advisory Board of Toyota Motor Corporation, 2010 -2012
•Senior Partner and Co-Founder CReco Consulting, a Jakarta Based consulting firm, 2010-2012 (On Leave : 2012-2014) 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 

Remarks :
Dr Muhamad Chatib Basri (Male) has previously served as Independent Non-Executive Director of Axiata Group Berhad from 23 November 2010 to 14 June 2012.


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