MELAKA IMPRESSIONS AND IMPRESSIONS CITY IMPACT ON YONG TAI

KUALA LUMPUR: RHB Research projects a multi-fold rise in net profit for Yong Tai as the former garment company focuses on property development.

“This would be underpinned by the Impression City project, which would see a potential total gross development value (GDV) rise to RM6.1bil from RM164mil currently,” it said.

The research house said this  ought to keep the group busy for the next eight to 10 years. Impression Melaka, it added, offers a further upside to both earnings and valuations.

“We estimate a valuation range of RM1.03 to RM1.18,” it said as it initiated coverage.

RHB Research said in line with the group’s overall expansion plan into the property sector, Yong Tai has announced several proposals.

They are the RM37mil acquisition of a 17 acre plot in Melaka (Impression Land) for the development of a theatre to produce the Impression Melaka as well as the acquisition of PTS Impression (to hold a 30-year license to stage the show) for RM3mil. It also has a joint venture to develop 100 acres of land adjacent to the Impression Land.

The company is also undertaking a fund-raising exercise to raise more than RM300mil.

“The proposals are expected to be completed/take effect by 1HFY17 (June),” it said.

RHB Research said Impression Melaka, which is the first of its kind outside China, is a live cinematography show that utilises the latest light and sound technologies, modern art concepts and cultural performers.

This is to be the first live largescale Impression Series outside of China and is one of the “entry point project” within the National Key Economic Area (NKEA) initiative for the tourism sector. The performing arts centre is estimated to cost RM300mil, with completion targeted for end-2017.

“Management expects Impression Melaka to contribute RM50mil to RM60milper annum in bottomline thereafter,” it said.

The research house said Impression City is expected to contribute RM5.4bil to total GDV. Concurrent with the construction of the theatre for Impression Melaka, Yong Tai is to develop the land adjacent to it (the development collectively known as Impression City).

The mixed development project includes residential, commercial and retail units. The total GDV over an eight to 10 years period is estimated to be RM5.4bil.

“Management believes the Impression Melaka project would spur the growth of tourism and related industries such as real estate, hotels and eateries, that is catalysts for Impression City.

“We project for Yong Tai to turn around and post a net profit of RM14mil in FY17, accelerating to RM64mil in FY18. This is underpinned by the progress of its property projects. Our forecasts do not factor in the contribution from Impression Melaka, which we have pushed to FY19.

“We derive an indicative valuation estimate range of RM1.03 to  RM1.18 (fully diluted) based on SOP. The low end of our valuation range excludes Impression Melaka while, for its property development business, we have ascribed a 40% discount to its RNAV.

“The top end of our valuation range incorporates the show, where we estimate the business to be worth RM107mil based on DCF. We see upside to our valuation for Impression Melaka as execution risks ease. Our indicative valuation estimate range implies an FY18F P/E of seven to eight times (10.6 to 12 times, fully diluted),” it said.

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MELAKA HISTORICAL CITY TO CELEBRATE HISTORICAL CITY DAY ON 15TH. APRIL 2016

On this coming Friday, 15th. April 2016, Melaka will celebrate her 8th. Anniversary for being declared as Melaka Historical City Day.

In 2015, arrivals of local and foreign tourists to Melaka top 15.7 million. This is an all time high and hopefully Melaka can aim for 20 million visitors by 2020.

There are new attractions being planned and constructed.

A big project by Yong Tai group is Impressions Melaka and Impression City. Chinese and Malaysian investors are involved in this multi billion project.

Melaka Gateway is another major project at Pulau Melaka which includes a new marina, hotels and shopping area. International Cruise ships can berth safely in Melaka as well.

Impression Melaka is an international show directed and put together by Chinese renowned director, Zhang Zi Mou and is scheduled to be opened by end 2017.

This World class shows will be performed at night and guests are expected to spend at least one night for these shows. By doing so, guests must stay in hotels around Melaka including enjoying our food and beverages. Major spin offs are expected for Melaka.

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The Bornean Frog Race 2016

The Bornean Frog Race 2016

Date : 30th April 2016

Participate in an International Amphibian Conservation Event.  Activities include:

  • Talks
  • Exhibitions
  • Photography Workshops
  • Night-Time Frog Search
  • Photo Contest with prizes

The race itself is modeled after the annually-held and highly successful “Bird Race”, and would entail participants going up one or more trails at the Serapi foothills within Kubah National Park, for a period of 2 hours, and returning with digital images of amphibians

Amphibians comprise some 6,771 species, and living representatives include frogs, salamanders and caecilians. From a conservation standpoint, it is remarkable that a large proportion of the world’s amphibians- a third of the known species, are recognized as being under threat.

Website : http://internationalborneanfrograce.weebly.com/

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Magical Ice Festival : Disney’s Frozen

Magical Ice Festival : Disney’s Frozen

Date : 25th March 2016 to 27th March 2016

Venue : SPICE Arena, Penang

Website : http://www.visitpenang.gov.my/portal3/penang-tourism-news/2180-disney-on-ice-presents-magical-ice-festival-live-in-malaysia-2016–official-press-conference-a-meet-the-stars-of-the-show-session.html

Get ready to enter a world of enchantment featuring the most magical moments from across the kingdom in Disney On Ice presents Magical Ice Festival.

You’ll be whisked away into the wintery world of the Academy Award-winning and number one animated feature fi lm of all time, Disney’s Frozen, to join royal sisters Anna and Elsa, the hilarious snowman Olaf, rugged mountain-man Kristoff and his loyal reindeer Sven as they help the sisters along the way in a story full of action, adventure, magic and unforgettable characters.

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New Tourism Malaysia Website 2016 Launch

New Tourism Malaysia Website
A new Tourism Malaysia website is to be launched this 18th February in Kuala Lumpur by the Minister of Tourism and Culture Malaysia, YB Dato’ Seri Mohamed Nazri bin Abdul Aziz. The all new look for the Tourism Malaysia’s Consumer and Corporate Website is also being launched at the Dewan Tun Dr. Ismail, PWTC, Kuala Lumpur.

The first Tourism Malaysia website was developed back in 1998 and since then, the website has been reconstructed a number of times, and the last was in 2012. This re-branding of the new URL (http://www.malaysia.travel/) is to push the consumer website and to differentiate the Tourism Malaysia’s consumer website and Tourism Malaysia’s corporate website where both websites mission is to give out a more user friendly characteristics, making it easier to navigate through the sites.

Tourism Malaysia News Website 2016

A screen capture of the new parallax style template for Tourism Malaysia

To find out more, you can now visit http://www.malaysia.travel/ to see the new look and feel of the brand new Tourism Malaysia website as it is now live for the world. The website style also uses the new Parallax Template which is also responsive for smartphones and tablets and is the trend for 2015 and 2016 where most tourism boards around the world are using too. These new parallax templates are one page design websites that are built with sliders and you can simply scroll down with large images in the background. for the new website, large images of Malaysia are showcased by showing islands, cultures, shopping and more.

Currently, the website also shares a link to the Tourism Malaysia Corporate site and as for the main features, there are links to information about Malaysia, places in Malaysia, experiences, packages and events. There are also videos on Malaysia which pop up to the Tourism Malaysia YouYube Channel. On the last slider section, you see a Package and Promotion page that leads you to various travel packages on Malaysia. And finally at the footer, there is the sitemap with multiple links. Hopefully more information will be revealed at the new Tourism Malaysia Website 2016 Launch happening in February.

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