Latest news with #SuriaCapitalHoldingsBerhad
Daily Express
5 days ago
- Business
- Daily Express
Suria Capital refutes claims concerning ferry terminal
Published on: Saturday, July 19, 2025 Published on: Sat, Jul 19, 2025 By: Jonathan Nicholas Text Size: Ng (middle) with Phoon on her right and Saidi beside Phoon during the press conference yesterday. Kota Kinabalu: There is no reason for Suria Capital Holdings Berhad to change management and operations at the Jesselton Point Ferry Terminal (JPFT), especially with a long-term vision of redeveloping the old Kota Kinabalu Port into a vibrant and integrated waterfront destination. Managing Director Datuk Ng Kiat Min refuted reports that suggested a transfer of operational control to Easybook, as well as a mistaken association with Suria Sabah, a privately-owned shopping mall in Kota Kinabalu. Advertisement 'Suria Capital Holdings Berhad would like to emphasise that the Suria Sabah mall is not affiliated in any way with the company. The two entities are entirely distinct and unrelated. 'The JPFT is operated exclusively by Suria Bumiria Sdn Bhd, a wholly-owned subsidiary of Suria Capital Holdings Berhad, and not by Suria Sabah or any other party,' she stressed. Group Chief Financial Officer Phoon Wai Wah said all 23 passenger operators at Jesselton Point have largely benefited from the transition to the Easybook system which eliminated monopoly. 'Previously, smaller businesses were marginalised, but now the fares are standardised. There is no increase to the terminal fee and we plan to implement more controls to avoid illegal activities as well as digital tagging for sustainability of the six islands. 'We categorically refute the claims made concerning the transfer of operational management and allegations of sudden increases in terminal fees. These statements are not only inaccurate, but also damaging to the integrity and sustainability of Sabah's tourism sector,' he said. Phoon said the group is also considering legal action against the perpetrators, suspecting them to be politically motivated. Tour operator Saidi Yusop, said the system brought the smaller fries justice, quadrupling profits from RM3,000 to RM13,000 per week. 'We would be eaten up by touts during the old system. When tourists arrive they would aggresively approach with prices we cannot match. The worst part is there are many incidents where the passengers are abandoned on the island,' he said. Easybook has been appointed solely as the ticketing platform for the Centralised Terminal Ticketing (CTT) system, which facilitates offline ticket transactions to nearby islands. Jesselton Point terminal meanwhile is the main point to six islands surrounding Kota Kinabalu. Ng said the initiative represents not only a strategic use of valuable land assets but their commitment to supporting Sabah's broader vision for urban renewal, tourism and economic diversification. 'A central element of this waterfront revitalisation is the proposed New Ferry Terminal Complex which is of international standard, which will be seamlessly integrated within the proposed Jesselton Docklands masterplan. 'To facilitate the redevelopment, the current ferry operation at Jesselton Point will be temporarily relocated to South Jetty by the end of 2025. 'This interim facility at the South Jetty will maintain island connectivity for around five-six years while the permanent terminal is being developed within the Docklands complex. 'This entire redevelopment effort is not just a property project. It is a strategic transformation initiative beneficial to the State,' she said. Suria Capital is a public-listed government-linked company (GLC), with 51pc equity held by the State Government and 49pc by public shareholders. The Group's primary business is in port operations, undertaken through Sabah Ports Sdn Bhd. which manages eight major ports across Sabah. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
25-06-2025
- Business
- Daily Express
Suria Group holds steady with resilient 2024 performance
Published on: Wednesday, June 25, 2025 Published on: Wed, Jun 25, 2025 By: Hayati Dzulkifli Text Size: KOTA KINABALU: Suria Capital Holdings Berhad, majority-owned by the Sabah Government, has reported a steady financial performance for the year ending Dec 31, 2024. At its 42nd Annual General Meeting held at Wisma Sabah Ports on Wednesday, the Group shared highlights of a year marked by strategic partnerships and property progress. Group Managing Director Datuk Ng Kiat Min ( pic ) said 2024 was a turning point, particularly with its landmark collaboration with global port operator DP World at Sapangar Bay Container Port. Despite a slight 2.6 per cent dip in revenue to RM271 million, the Group saw gross profit rise by 3.3 per cent to RM80.4 million and pre-tax profit climb by 3.6 per cent to RM50.5 million. Post-tax profit slipped by 1.3 per cent to RM33.9 million, but the Group maintains its long-term focus on sustainable growth and creating lasting value. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
29-05-2025
- Business
- Yahoo
Suria Capital Holdings Berhad's (KLSE:SURIA) Shareholders Have More To Worry About Than Only Soft Earnings
Last week's earnings announcement from Suria Capital Holdings Berhad (KLSE:SURIA) was disappointing to investors, with a sluggish profit figure. We did some analysis, and found that there are some reasons to be cautious about the headline numbers. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. For anyone who wants to understand Suria Capital Holdings Berhad's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from RM3.4m worth of unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. Which is hardly surprising, given the name. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the absence of business growth, that is). That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. We'd posit that Suria Capital Holdings Berhad's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Therefore, it seems possible to us that Suria Capital Holdings Berhad's true underlying earnings power is actually less than its statutory profit. In further bad news, its earnings per share decreased in the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. So while earnings quality is important, it's equally important to consider the risks facing Suria Capital Holdings Berhad at this point in time. For example, we've discovered 1 warning sign that you should run your eye over to get a better picture of Suria Capital Holdings Berhad. This note has only looked at a single factor that sheds light on the nature of Suria Capital Holdings Berhad's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. 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.
Yahoo
29-05-2025
- Business
- Yahoo
Suria Capital Holdings Berhad's (KLSE:SURIA) Shareholders Have More To Worry About Than Only Soft Earnings
Last week's earnings announcement from Suria Capital Holdings Berhad (KLSE:SURIA) was disappointing to investors, with a sluggish profit figure. We did some analysis, and found that there are some reasons to be cautious about the headline numbers. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. For anyone who wants to understand Suria Capital Holdings Berhad's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from RM3.4m worth of unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. Which is hardly surprising, given the name. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the absence of business growth, that is). That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. We'd posit that Suria Capital Holdings Berhad's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Therefore, it seems possible to us that Suria Capital Holdings Berhad's true underlying earnings power is actually less than its statutory profit. In further bad news, its earnings per share decreased in the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. So while earnings quality is important, it's equally important to consider the risks facing Suria Capital Holdings Berhad at this point in time. For example, we've discovered 1 warning sign that you should run your eye over to get a better picture of Suria Capital Holdings Berhad. This note has only looked at a single factor that sheds light on the nature of Suria Capital Holdings Berhad's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. 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. Sign in to access your portfolio
Yahoo
24-03-2025
- Business
- Yahoo
Investing in Suria Capital Holdings Berhad (KLSE:SURIA) five years ago would have delivered you a 104% gain
Suria Capital Holdings Berhad (KLSE:SURIA) shareholders might be concerned after seeing the share price drop 17% in the last quarter. But that doesn't change the fact that the returns over the last five years have been pleasing. Its return of 75% has certainly bested the market return! Unfortunately not all shareholders will have held it for the long term, so spare a thought for those caught in the 28% decline over the last twelve months. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. Suria Capital Holdings Berhad's earnings per share are down 8.5% per year, despite strong share price performance over five years. Essentially, it doesn't seem likely that investors are focused on EPS. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics. We doubt the modest 1.9% dividend yield is attracting many buyers to the stock. On the other hand, Suria Capital Holdings Berhad's revenue is growing nicely, at a compound rate of 4.3% over the last five years. In that case, the company may be sacrificing current earnings per share to drive growth. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time. It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Suria Capital Holdings Berhad the TSR over the last 5 years was 104%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! We regret to report that Suria Capital Holdings Berhad shareholders are down 27% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 0.5%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. On the bright side, long term shareholders have made money, with a gain of 15% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. Is Suria Capital Holdings Berhad cheap compared to other companies? These 3 valuation measures might help you decide. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Malaysian exchanges. 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. Sign in to access your portfolio
