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Sinar Daily
4 days ago
- Business
- Sinar Daily
JDT retains status as Malaysia's most valuable football team
This high valuation is attributed to the addition of three heritage players and several quality foreign imports, bringing head coach Xisco Muñoz's squad to 39 players in total. Jairo Da Silva (centre) is currently the second most valuable player in the JDT squad with a market value of RM4.4 million. – Photo: Johor Southern Tigers SHAH ALAM - Super League giants Johor Darul Ta'zim (JDT) have further cemented their status as Malaysia's most valuable football club, with the Southern Tigers now valued at €14.08 million (RM71.8 million), according to the latest figures from football market analysis site Transfermarkt. This high valuation was attributed to the addition of three heritage players and several quality foreign imports, bringing head coach Xisco Muñoz's squad to 39 players in total. The most valuable player in the current JDT lineup was new Harimau Malaya heritage striker Joao Figueiredo, who was valued at €2 million (RM9.96 million) following his confirmed signing with the club. The most valuable player in the current JDT squad is the new Harimau Malaya heritage striker, Joao Figueiredo (left), who is valued at €2 million (RM9.96 million). – Photo: Johor Southern Tigers Brazilian striker Jairo Da Silva ranked second at €900,000 (RM4.4 million), followed by fellow heritage player Jon Irazabal at €600,000 (RM3 million). Hector Hevel, who joined from Portuguese club Portimonense, was estimated to be worth €400,000 (RM2 million). Meanwhile, the most valuable local player in the squad remained JDT's standout star Arif Aiman Mohd Hanapi, a four-time Most Valuable Player at the National Football Awards, with a market value of €650,000 (RM3.2 million). So far, JDT has signed eight new players for the 2025/2026 season: Irazabal, Hevel, Figueiredo, Jairo, Antonio Glauder, Ibrahim Manusi, Moussa Sidibe and Jonathan Silva, with the combined value of these new signings amounting to approximately RM28 million. This aggressive recruitment strategy involving top-tier heritage and foreign players is part of JDT's serious preparations for next season's Asian Champions League Elite (ACLE), the Asean Club Championship (ACC) and domestic competitions in the Malaysian League. The club also released 11 players at the end of last season, including Jese Rodriguez, Alvaro Gonzalez, Jordi Amat, Murilo Henrique, Jonathan Viera, Roque Mesa and Anselmo de Moraes, as well as local players Safiq Rahim, Farizal Marlias, Izham Tarmizi and Ramadhan Saifullah, whose contracts were not renewed. Despite these reinforcements, JDT's current market value has dipped slightly from last season's figure of €17.2 million (RM85.62 million), when the club had bolstered its squad for the ACLE group stage. However, the club's valuation was expected to rise again should JDT continue its pursuit of high-calibre signings in line with its ambitious goal of qualifying for the FIFA Club World Cup in the future. Next season is set to be one of JDT's most challenging yet, with the club competing in three major tournaments namely the Malaysian League, ACC and ACLE. More Like This
New Straits Times
03-07-2025
- New Straits Times
Pahang Customs foils RM4.4mil e-waste, aluminium scrap smuggling attempts
BENTONG: The Pahang Customs Department has thwarted attempts to smuggle seven containers filled with electronic waste (e-waste) and aluminium scrap worth approximately RM4.4 million in two separate raids at Port Klang, Selangor. The operations, carried out simultaneously on May 21, were part of a joint effort involving the Bentong Customs enforcement division and the Selangor Department of Environment (DoE). State Customs director Mohd Asri Seman said the first raid at 1.15pm uncovered three containers at North Port containing 46,726kg of e-waste, valued at about RM700,890. "The importer had falsely declared the e-waste as 'copper concentrate' to evade the requirement for an import permit. Further investigations revealed the materials were brought in without the necessary permits or proper customs declarations," he said at a press conference here today. The second raid led to the discovery of four containers holding 105,760kg of aluminium scrap, worth an estimated RM3.7 million. These too were falsely declared as other goods in an attempt to smuggle them into the country. Asri said authorities became suspicious after reviewing documents submitted by the importer, which claimed the materials originated from South America and Japan. He said the importation of e-waste is conditionally prohibited and requires an approval letter from the DoE director-general. Both cases are being investigated under Section 135(1)(a) of the Customs Act 1967. Upon conviction, offenders may be fined up to RM500,000, face imprisonment of up to five years, or both.
The Sun
03-07-2025
- The Sun
Customs seizes RM4.4 million in smuggled e-waste and metal scrap
BENTONG: The Pahang Customs Department successfully intercepted two smuggling attempts involving electronic waste and aluminium scrap, confiscating seven containers with an estimated value of RM4.4 million at North Port, Port Klang. Director Mohd Asri Seman stated that the operations, conducted simultaneously on May 21, were a joint effort between the Bentong Customs Enforcement Division and the Selangor Department of Environment. 'In the first raid at 1.15pm, three 40-foot containers were found to contain 46,726kg of e-waste valued at RM700,890, believed to have been imported without a permit or proper customs declaration,' he said during a press conference. The second operation uncovered four containers carrying 105,760kg of aluminium flakes, falsely declared as other goods, with an estimated worth of RM3.7 million. Mohd Asri explained that such imports require approval from the Standard and Industrial Research Institute of Malaysia (SIRIM) and are regulated by the Ministry of Investment, Trade and Industry (MITI). Investigations revealed that the smugglers misdeclared the items as copper concentrate to evade import permit requirements. Both cases are being probed under Section 135(1)(a) of the Customs Act 1967.
Business Times
02-07-2025
- Business
- Business Times
MMC Port moves closer to launching Malaysia's biggest IPO in 13 years
[SINGAPORE] Port operator MMC Port Holdings moved closer to what could be Malaysia's biggest initial public offering (IPO) in 13 years by lodging a draft prospectus with the securities regulator, the regulator's website showed on Wednesday (Jul 2). Parent MMC Corporation, which owns 100 per cent of MMC Port Holdings, will sell up to a 30 per cent stake in the port operator in the IPO, the draft prospectus showed. Reuters reported in February that MMC Port's listing could raise more than RM6 billion (S$1.8 billion) as early as the second half of this year, citing two sources with knowledge of the matter. That would make it Malaysia's biggest IPO since private hospital operator IHH Healthcare's US$2.1 billion listing in 2012. MMC Port's IPO offering comprises up to 4.27 billion shares, including 3.99 billion shares for institutional investors and 286.1 million shares for retail, according to the draft prospectus. The draft prospectus did not specify the IPO size or the timetable for its launch. MMC Port did not immediately respond to a request for comment. Its net profit dropped 9.2 per cent to RM636.6 million in 2024 from 701.13 million in 2023, while revenue rose nearly 10 per cent to RM4.4 billion, the draft prospectus showed. MMC Port will not receive any proceeds from the IPO, but it is upbeat about its financial strength. 'Our board is of the view that our company presently does not require additional equity funding for our business,' it said in the draft prospectus. REUTERS
The Sun
27-05-2025
- Business
- The Sun
Al-Salām Reit reports 7.5% revenue growth in Q1 FY25, long-term outlook positive
KUALA LUMPUR: JLG Reit Managers Sdn Bhd, the manager of Al-Salām Real Estate Investment Trust (Al-Salām Reit), achieved a strong year-on-year growth in revenue of 7.5%, recording RM21.4 million in the first quarter (Q1) ended March 31, 2025 (FY25), compared to RM19.9 million in the same period last year. Net property income (NPI) stood at RM14.9 million in Q1 FY25 compared with RM13.7 million a year ago, representing an increase of 8.8%. Growth in revenue and NPI was primarily driven by the higher rentals from Komtar JBCC, reflecting Al-Salām Reit's strategic focus on optimising asset performance. Komtar JBCC recorded an occupancy rate of 64% for Q1 2025, marking a return to pre-Covid levels. Al-Salām Reit declared a distribution per unit (DPU) of 0.51 sen in Q1 FY25, translating into a payout of 90.2%. Al-Salām Reit's DPU of 0.51 sen in Q1 FY25 is 70% higher than the declared DPU of 0.30 sen in Q1 FY24. The retail mall segment for Al-Salām Reit contributed strongly to revenue growth, delivering a revenue of RM12.4 million in Q1 FY25, representing a year-on-year increase of 13.8%, from RM10.9 million in Q1 FY24. NPI from the retail segment also grew 21.7% year-on-year, from RM6.0 million in Q1 FY24 to RM7.3 million in Q1 FY25. The strong performance was primarily attributed to Komtar JBCC's improvements in rental income and promotional income, following the reconfiguration of the al-fresco dining zone on the ground floor with several F&B tenant openings. Other assets in the retail portfolio, such as @Mart Kempas and Mydin Hypermart Gong Badak continue to demonstrate resilience as community-focused hypermarkets, providing essential daily provisions. Under a triple net lease arrangement, Mydin Hypermart Gong Badak continues to deliver steady contributions to Al-Salām Reit's core income. The food and beverage (F&B) segment, consisting of 42 KFC and Pizza Hut outlets, contributed a stable revenue of RM4.4 million in Q1 FY25, in line with Q1 FY24 revenue of RM4.4 million, demonstrating stability in rental income despite headwinds. Due to the triple net lease arrangement for the F&B segment, revenue translated into full NPI at RM4.4 million. Occupancy for the F&B segment remains at 100%. The industrial segment consisting of strategic assets of QSR Brands also posted stable results, with a revenue of RM2.9 million in Q1 FY25 compared to RM2.8 million in Q1 FY24, representing a modest 3.6% year-on-year increase. Under arrangements for triple net leases, the industrial segment's revenue also translated to an NPI of RM2.9 million for Q1 2025. Occupancy for the F&B segment remains at 100%. The office segment of Al-Salām Reit, consisting of Menara Komtar, posted a revenue of RM1.7 million in Q1 FY25 compared to RM1.9 million in Q1 FY24. NPI stood at RM0.5 million in Q1 FY25 compared to RM0.7 million in Q1 FY24. There were some tenant movements throughout the year, which resulted in a slight decline in occupancy from 93% in Q1 FY24 to 85% in Q1 FY25. Despite a lower revenue and NPI in the office segment, this has minimal impact on the portfolio as the office segment represents 6% of Al-Salām Reit's total portfolio value. Tenant take-up at Menara Komtar is expected to improve by the end of 2025, supplemented by ongoing asset enhancement initiatives (AEIs) at Komtar JBCC, increasing Menara Komtar's appeal as a preferred office space within JBCC. Furthermore, the expected economic spillover from nearby developments is anticipated to positively impact Menara Komtar's performance. Al-Salām Reit CEO Zulhilmy Kamaruddin said the Q1 results showed overall improvement, especially in the retail segment, underpinned by Komtar JBCC's stronger performance. '2025 will see a strategic focus on reconfiguring Komtar JBCC's layout and tenant mix, reflecting our vision for Komtar JBCC's position primarily as a transit-oriented mall. 'We expect Komtar JBCC to benefit from strong traffic flows once the JB-Singapore RTS Link is completed. 'We are committed to revitalising Komtar JBCC through AEIs, which include reconfiguration of existing spaces to improve tenant take-up rate and occupancy. This has garnered strong interest from mini-anchors, which we expect to translate into sign-ups by the end of 2025,' he said in a statement. In 1Q FY25, Komtar JBCC saw the opening of an F&B zone on the second floor with several grab-and-go-type F&B and some fast food chains, in line with its transit-oriented proposition. Reconfiguration of a new lifestyle dining concept zone with al-fresco dining on the ground floor has also been completed, with new tenant openings in May 2025 by Dim Sum Place and The Ramen Stall, both familiar halal brands from Singapore. 'We are focused on our goal to improve the performance of Al-Salām Reit. It is an exciting year ahead for us, where we will see Komtar JBCC undergo sectional refurbishments with a curated tenant mix. 'We are also actively streamlining our portfolio theme to provide our investors and stakeholders with more clarity and focus moving forward, focusing on our JB-based assets, aligning with the flurry of economic activities arising from the JS-SEZ and JB-Singapore RTS Link. 'Moving forward, Al-Salām Reit remains focused on delivering sustainable, long-term returns to its unitholders. We are actively managing our capital to address our gearing levels and conducting active portfolio review and optimisation. 'This demonstrates our commitment to enhancing shareholder value. With ongoing efforts to drive rental growth and occupancy, we are well-positioned to capitalise on emerging opportunities in the retail and commercial sectors in Johor Bahru. Our strategy continues to prioritise value creation for unitholders, supported by a disciplined approach to growth and yield enhancement,' Zulhilmy said. Al-Salām Reit expect Komtar JBCC to benefit from strong traffic flows once the JB-Singapore RTS Link is completed.
