August 23, 2014 12:30 PM ET

Real Estate Management and Development

Company Overview of Selangor Dredging Bhd

Company Overview

Selangor Dredging Berhad, an investment holding company, is engaged in the property development business in Malaysia and Singapore. The company operates through Property Investment, Hotel Operations, Investment Holding, Property Development, and Others segments. The company also operates a boutique urban resort hotel, known as Hotel Maya Kuala Lumpur. In addition, it is engaged in commercial property leasing, as well as provides management and property support services. The company was founded in 1962 and is based in Kuala Lumpur, Malaysia.

West Block

18th Floor

Wisma Selangor Dredging

142-C, Jalan Ampang

Kuala Lumpur,  50450

Malaysia

Founded in 1962

Phone:

60 3 2161 3377

Fax:

60 3 2161 6651

Key Executives for Selangor Dredging Bhd

Selangor Dredging Bhd does not have any Key Executives recorded.

Selangor Dredging Bhd Key Developments

Selangor Dredging Bhd Announces New Property Projects

Selangor Dredging Bhd is working on niche property developments with a combined gross development value (GDV) of more than MYR 400 million. The developments slated for launch are superlink homes in JIA@Melawati and SqWhere@Sungai Buloh, a serviced apartment block that is part of a larger commercial development located opposite the Kampung Baru Sungai Buloh MRT station. The company will be launching 79 JIA Melawati link houses by November. The GDV for that will be about MYR 75 million. Next year, the company will be launching the second phase of serviced apartments in Sungai Buloh and that would be around MYR 330 million. All in, the company will be launching projects with GDV of about MYR 500 million in six to nine months. SDB is looking to acquire more landbank. It is on the lookout for suitable locations in Penang, the Klang Valley and Singapore.

Selangor Dredging Seeks Acquisitions

Selangor Dredging Bhd (KLSE:SDRED) (SDB) is seeking acquisitions. SDB Managing Director Teh Lip Kim said, "SDB is looking to acquire more landbank. It is on the lookout for suitable locations in Penang, the Klang Valley and Singapore."

Selangor Dredging Bhd Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014

Selangor Dredging Bhd reported unaudited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported revenue of MYR 87.042 million compared to MYR 70.799 million a year ago. Profit from operations was MYR 14.172 million compared to MYR 16.305 million a year ago. Profit before taxation was MYR 15.113 million compared to MYR 11.922 million a year ago. Profit for the period attributable to owners of the company was MYR 10.581 million or 2.48 sen per basic share compared to MYR 9.258 million or 2.17 sen per basic share a year ago. Net cash outflows from operating activities were MYR 7.934 million compared to net cash flows from operating activities of MYR 0.742 million a year ago. Purchase of property, plant and equipment MYR 1.294 million compared to MYR 0.562 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 16, 2013
Four Units of Office Suites at Level 6, Plaza 138, No. 138, Jalan Ampang
 

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