Latest news with #HockSengLee
Borneo Post
25-06-2025
- Business
- Borneo Post
S'wak govt backs sustainable, innovative devt projects, says Premier
Dr Sim (second left) speaks to Adrianta (left) regarding the designs. At right is the competition's convener Amzar Ahmad. KOTA SAMARAHAN (June 25): The Sarawak government will continue to support developments that demonstrate sustainability, inclusivity and innovation, said Datuk Patinggi Tan Sri Abang Johari Tun Openg. The Premier said this is to ensure that the built environment keeps pace with the state's ambitions. 'Architecture sits at the heart of that agenda. We seek buildings and neighbourhoods that nurture biodiversity, embrace smart technology and, above all, put people first,' he said in a speech for the AIR Architecture Competition prize presentation at Hock Seng Lee (HSL) Tower here today. The text of Abang Johari's speech was delivered by Deputy Premier Datuk Amar Dr Sim Kui Hian, who represented him at the event. The Premier said the competition is aligned with the state government's Post Covid-19 Development Strategy 2030, charting a path towards a high-income, green, and digital economy powered by talent and creativity. 'Competitions like AIR push our collective imagination and help translate policy into projects on the ground,' he added. The AIR Architecture Competition involves a 13-acre land between Kuching International Airport and Saradise. It is HSL's second national architecture competition after 'Langit' in 2021, and was jointly organised with the Malaysian Institute of Architects (PAM). HSL is the landowner and promoter of the competition, which is open to PAM members nationwide. Abang Johari also noted the Project AIR tagline, 'The AIR Above Us, Di Bawah AIR Mengalir', as a simple phrase which distils Sarawak's long tradition of living in harmony with nature—from longhouses upriver to the shophouses of the Nanyang style that line old Kuching. 'Great cities grow from great rivers, whether in Kuala Lumpur or here at Kuching. When we design well, we create not merely handsome façades but healthier, happier communities. 'When we build responsibly, we honour our rivers, our forests, and the generations yet to come,' he said, adding it was heartening to see human-centred emphasis in each of the competition's submissions. In this regard, he called on HSL, PAM and the wider design community to share these ideas through public exhibitions, online forums, and academic studios. Also present were HSL managing director Datuk Paul Yu Chee Hoe and PAM president Adrianta Aziz. abang johari Dr Sim Kui Hian innovation sustainability
Borneo Post
15-06-2025
- Sport
- Borneo Post
Third edition of HSL Samarahan Marathon a resounding success, slots filled ahead of event
Group photo of all winners with distinguished guests after the prize-giving ceremony at La Promenade Mall, Kota Samarahan. – Photos by Kentigern Minggu KOTA SAMARAHAN (June 15): The third edition of Hock Seng Lee's (HSL) Samarahan Marathon was hailed as a resounding success, with slots in the 10 kilometres (km), 21km and 42km categories fully booked ahead of the event. HSL's marketing communication lead Abraham Tiong remarked that the overwhelming response underscores Samarahan's potential as a vibrant community hub. 'The longer distance categories outsold the shorter distances categories first. It was a great surprise and a huge encouragement to us. 'It proved to us that our race course is well-liked by both pros and amateurs. Even before the event, so many were excitedly commenting on social media that this could become one of the 'fastest' races in Malaysia,' he noted in a statement. For the 21km and 42km (full marathon) distances, the race featured four categories: Men's Open, Men's Veteran, Women's Open and Women's Veteran, while the 10km distance included only Men's Open and Women's Open. The event attracted more than 2,000 participants, including locals and international runners from Kenya, China, Singapore, South Korea, Indonesia and Brunei. Some participants who successfully completed the race. The race route incorporated stretches along the newly completed Tanjung Bako Road, Samarahan's natural mangrove swamps and rivers, and even passed through the Universiti Malaysia Sarawak's (Unimas) campus. Both the start and finish lines were located at HSL's La Promenade Mall. 'The course's minimal elevation (mostly flat course) facilitated swift finishing times for many enthusiasts, while also encouraging amateur runners to push their limits,' Tiong said. Co-organised with City Joggers Club and Unimas, the event kicked off yesterday with engaging 3km and 6km fun runs. Mohammad Shawal Roslie, winner of the Men's Veteran full marathon category. In the Men's Veteran full marathon category, supermarket supervisor, Mohammad Shawal Roslie, 41, from Sarikei, clinched first place with a personal best time of 3 hours and 9 minutes. 'I feel ecstatic to have completed the full marathon and won this category,' he told reporters after receiving his prize at La Promenade Mall here today. Mohammad Shawal shared that he trained for about a month for this marathon. He began participating in marathons at age of 39 and has been taking part in the Samarahan Marathon since last year. He also shared his plans to participate in the Bintulu Marathon 2025, scheduled for Aug 3. The Samarahan Marathon was also attended by Ministry of Tourism, Creative Industry and Performing Arts permanent secretary Morshidi Fredrick, Kota Samarahan Municipal Council (MPKS) chairman Abang Ismawi Abang Ali, Next Phase director Yu Ji and other distinguished guests. Abraham Tiong Hock Seng Lee's (HSL) Samarahan Marathon
Yahoo
22-04-2025
- Business
- Yahoo
Magma Group Berhad (KLSE:MAGMA) surges 48%; retail investors who own 49% shares profited along with insiders
The considerable ownership by retail investors in Magma Group Berhad indicates that they collectively have a greater say in management and business strategy A total of 25 investors have a majority stake in the company with 50% ownership Insiders own 40% of Magma Group Berhad Our free stock report includes 4 warning signs investors should be aware of before investing in Magma Group Berhad. Read for free now. If you want to know who really controls Magma Group Berhad (KLSE:MAGMA), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 49% to be precise, is retail investors. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Retail investors gained the most after market cap touched RM487m last week, while insiders who own 40% also benefitted. In the chart below, we zoom in on the different ownership groups of Magma Group Berhad. See our latest analysis for Magma Group Berhad Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. Magma Group Berhad already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Magma Group Berhad's earnings history below. Of course, the future is what really matters. We note that hedge funds don't have a meaningful investment in Magma Group Berhad. Because actions speak louder than words, we consider it a good sign when insiders own a significant stake in a company. In Magma Group Berhad's case, its Top Key Executive, Hock Seng Lee, is the largest shareholder, holding 9.2% of shares outstanding. Hong Im Yew is the second largest shareholder owning 4.7% of common stock, and Lion Industries Corporation Berhad holds about 4.2% of the company stock. In addition, we found that Chee Liang, the CEO has 2.4% of the shares allocated to their name. A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our information suggests that insiders maintain a significant holding in Magma Group Berhad. It has a market capitalization of just RM487m, and insiders have RM194m worth of shares in their own names. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling. The general public-- including retail investors -- own 49% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. We can see that public companies hold 4.2% of the Magma Group Berhad shares on issue. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For instance, we've identified 4 warning signs for Magma Group Berhad (2 are concerning) that you should be aware of. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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