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May

PETALING JAYA, 27 May 2015 - All toll transactions at Mambau and Lukut Toll Plaza on the Seremban-Port Dickson Highway (SPDH) will be conducted electronically from 12:00 noon on 1 June 2015 (Monday).
 
Starting next Monday, all toll payments at both toll plazas will be made via PLUSMiles cards, Touch ‘n Go cards or SmartTAGs.
 
According to PLUS Malaysia Berhad Managing Director, Dato’ Noorizah Hj Abd Hamid, “Highway users can also purchase preloaded RM5 PLUSMiles Touch ‘n Go cards at a promotional rate of RM5 (card is free) at the toll lanes at Mambau and Lukut Toll Plazas (Both Bounds), as well as at Customer Service Centres at Seremban and Senawang Toll Plazas.”

“In addition, the public can also purchase SmartTAGs at a promotional rate of RM96.00 (inclusive of 6% GST) at Customer Service Centres at Seremban and Senawang Toll Plazas (while stock lasts). The Centres operating hours is from 7:00 am until 10:00 pm daily”, Noorizah added.

In general, SmartTAGs and Touch ‘n Go lanes can accommodate 1,000 and 550 transactions respectively in an hour. Cash lane, on the other hand, can only accommodate 220 transactions per hour.

Integration to Continue in 2015

KUALA LUMPUR, 25 May 2015 – Total Asset Management player, UEM Edgenta Berhad (“UEM Edgenta”) (formerly known as Faber Group Berhad) secured several major local and overseas contracts worth more than RM4.72 billion in 2014 and 2015.

These major contracts are, the RM1.03 billion Asset Management Services for Women and Children’s Hospital for over a period of 27 years; six New Zealand Transport Authority highway maintenance and operations contracts worth more than NZD35 million in fees over the next seven years; runway upgrade for KLIA; road upgrade of Kampung Sg. Serai – Rawang Highway Exit on North-South Expressway; RM3.07 billion 10-year new Concession Agreement for Hospital Support Services; a five-year NZD20 million contract by the Royal Commission for Jubail and Yanbu in Kingdom of Saudi Arabia; and infrastructure works related to Pengerang Integrated Complex in Johor.

Azmir Merican, UEM Edgenta’s Managing Director/Chief Executive Officer shared this during a press conference following the Company’s 52nd Annual General Meeting held today.

He went on to explain the new structure of the Company following the RM1.15 billion merger of the three entities namely Faber Group Berhad, Opus Group Berhad and Projek Penyelenggaraan Lebuhraya Berhad or PROPEL.

“We now have six core business units with high growth potential covering the entire asset life cycle model. They are asset consultancy services, infra services, healthcare, industrial and facilities services (previously Integrated Facilities Management which included oil and gas facilities services), as well as energy services.

“As a more focused entity and by leveraging on our expertise as a Total Asset Management company, we are now well positioned to expand the scope of our healthcare services to include more offerings that are demanded by the sector.

“For industrial services, we are working towards building our capabilities to expand into asset maintenance, plant operations improvements, turnaround services and the oil and gas sector,’ said Azmir.

In order to propel the company to the next level, Azmir stressed that it will continue to focus on deriving synergies from the enlarged company and that integration progress is on track where there are increased cross-selling efforts between the divisions as well as its parent company, UEM Group Berhad.

“Post-merger, we are streamlining and improving internal operations and processes while engaging with employees to embrace our newly redefined vision, mission, values and culture. Efforts are now focused on improving our operational efficiency, procurement and cost model as well as our technology utilisation,” he added.

For the financial year 2014 (“FY2014”), UEM Edgenta reported its first full year consolidated revenue of RM3.1 billion, a 14.4 percent or RM389.6 million increase in comparison to revenue of RM2.7 billion in FY2013.

The Company’s Malaysian operations contributed 53 percent to the FY2014 revenue, while its largest overseas contributor was New Zealand at 25 percent, followed by Canada (12 percent), Australia (6 percent) and the United Kingdom (4 percent).

UEM Edgenta turned in a profit before tax (PBT) of RM324.5 million in FY2014, higher than the preceding year’s PBT of RM317.2 million.

KUALA LUMPUR, 21 May 2015 – Following its Seventh Annual General Meeting (“7th AGM”) today, UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) remains optimistic going forward given the current challenging market conditions of the property sector as it plans to weather it out by leveraging on the diverse mix of product offerings to be launched by the Company  in 2015.

For financial year ended 31 December 2014 (“FY2014”), total revenue increased by 10% to RM2.7 billion compared to the financial year ended 31 December 2013 (“FY2013”) revenue of RM2.4 billion, while profit after tax was recorded at RM479.8 million.

Meanwhile, the Company’s property development sales recorded 20% higher than the Company’s revised sales target of RM2 billion which was announced in August 2014. This was driven by the stellar performance of Aurora Melbourne Central our maiden project in Melbourne, Australia; Residensi22 Mont’Kiara; and Symphony Hills in Cyberjaya.

Anwar Syahrin Abdul Ajib, Managing Director/Chief Executive Officer of UEM Sunrise said he was pleased with the results despite the cooling measures, tightening credit and rising costs. He attributed the 10% growth to progress made from ongoing projects in the Southern and Central Regions as well as International segment.

“Revenue growth was also supported by our strategic land sales to Scope Energy Sdn Bhd, the 40:60 joint venture company between UEM Sunrise and KLK Land Sdn Bhd as well as land sales to FASTrack Iskandar Sdn Bhd, both in Gerbang Nusajaya,” Anwar added.

Unrecognised revenue and unbilled sales as at 31 December 2014 stand at RM3.9 billion and RM5.3 billion respectively which will be recognised over the next two to three years as physical progress of development projects continues, ensuring continuous contribution to its revenue and earnings for the next few years.

UEM Sunrise’s 7th AGM marked the Company’s third consecutive dividend pay-out since its listing in 2008. For FY2014, UEM Sunrise has sought shareholders’ approval for the Company’s first and final single tier dividend of 3.0 sen per ordinary share of 50 sen each. This is one out of the 11 resolutions put into motion during its 7th AGM.

Going forward in 2015, UEM Sunrise has a myriad of new properties that the Company is looking forward to announce that will further sustain the Company’s performance throughout 2015.

“In the Central Region, we will be launching Residensi Sefina Mont’Kiara, Artisan Hills, a premier gated and guarded high-end residential development in Seri Kembangan and Phase 1 of Serene Heights in Bangi. In the Southern Region, we are targeting to launch Estuari, our first landed project in Puteri Harbour and landed residential project in Gerbang Nusajaya, the second phase of Nusajaya development in Johor,” he explained.

Aligned with the Government’s initiative to supply the market with affordable homes, UEM Sunrise plans to launch five 12-storey blocks with 1,109 units of 1,000 sq ft apartments and 108 single storey shop lots in the first half of this year. As at end 2014, the Company, in collaboration with Denia Development Sdn Bhd delivered a total of 3,736 affordable houses and shop offices in Taman Nusantara with another 1,436 currently under construction.  

“Our diverse project mix will ensure that we can weather the challenging conditions in Malaysia and capitalise on opportunities in international markets. Within Malaysia, we have products across market segments, from affordable to premium. We believe that there are market demands and by responding to it with the right products, to cater to the aspirational needs of our potential buyers, then the market will reward us.”

“At the same time, we expect continued income from our overseas developments will cushion any downside in revenue from our local properties. Aurora Melbourne Central has the potential to bolster our earnings for the next three to five years as we have only launched the residential component and still have the retail, commercial and serviced apartment/hotel in the pipeline with an estimated GDV close to AUD180 million which we are most likely to launch before year end. In addition to that we will also launch The Conservatory, a high rise residential mixed development at Melbourne’s Mackenzie Street with an estimated GDV of AUD200.6 million,” he said.

Anwar concluded by stating that UEM Sunrise will continuously meet the market’s demand and expands its portfolio of innovative products that cater to all segments.

“Leveraging on our development expertise and insights into the market needs and expectations, we will continue to focus on enhancing lives to the best of our ability.” 

KUALA LUMPUR, 21 May 2015 – UEM Sunrise Berhad (“UEM Sunrise”) today announced its financial results for the first quarter (“Q1”) ended 31 March 2015 which saw an increase in total revenue by 4% to RM417.4 million from RM401.6 million in Q1 2014.   

Total property development sales for the period also improved to RM390.1 million from RM123.0 million in Q1 2014 driven mainly by the continued strong sales of the Aurora Melbourne Central project in Melbourne, Australia which contributed sales of RM251.4 million in the current period.  Unrecognised revenue as at 31 March 2015 stood at RM3.9 billion compared to RM3.2 billion a year earlier.

Property development activities contributed 90% of its total revenue for the period, increasing slightly to RM376.8 million from RM372.7 million recorded in the corresponding period of 2014 mainly attributable to project completion achieved of its ongoing property development projects in Nusajaya and the Central region while Gross Profit margin also improved to 34.3% from 32.9% in Q1 2014.

Profit after tax and non-controlling interest however decreased by 13.7% to RM53.1 million compared to RM61.5 million in the corresponding period last year. The decrease was mainly due to higher expenses recorded in the current period arising from the sales commission costs accrued for the Aurora Melbourne Central project and lower contribution from associates and joint ventures.

SEREMBAN, 15 May 2015 - The public paying toll electronically at the Mambau and Lukut Toll Plazas on the Seremban-Port Dickson Highway (SPDH) is able to save more than RM48.00 per month on toll beginning 1 June until 30 September 2015.

PLUS Malaysia Berhad (PLUS) Managing Director, Dato’ Noorizah Hj Abd Hamid said, “The savings are made through 20 percent toll rebate which is being offered to Class 1 users paying toll via PLUSMiles card, Touch ‘n Go card and SmartTAG at the Mambau and Lukut Toll Plazas.”

The calculation is based on 30 days per month and PLUS’ 20 percent toll rebate schemes for paying toll electronically as follows:-

Toll savings for Mambau Toll Plaza

Toll Payment Method

Toll Payment for a month (30 days)

Saving

Cash

(No Toll Rebate)

RM192.00

 

No

Electronic

20 Percent Toll Rebate
(Applicable for Class 1 vehicle only)

Including 5 Percent PLUSMiles Rebate for minimum toll payment RM100 a month

RM144.00

 

 

 

RM48.00

Toll savings for Lukut Toll Plaza

Toll Payment Method

Toll Payment for a month (30 days)

Saving

Cash

(No Toll Rebate)

RM48.00

 

No

Electronic

20 Percent Toll Rebate
(Applicable for Class 1 vehicle only)

RM38.40

 

 

 

RM9.60

“In addition, the public can also purchase SmartTAGs at a promotional rate of RM96.00 (inclusive of 6% GST) at Customer Service Centres at Seremban and Senawang Toll Plazas (while stock lasts). The Centres operating hours is from 7:00 am until 10:00 pm daily”, Noorizah added.

They can also purchase preloaded RM5 PLUSMiles Touch ‘n Go cards at a promotional rate of RM5 (card is free) at the toll lanes at Mambau and Lukut Toll Plazas (Both Bounds), as well as at Customer Service Centres at Seremban and Senawang Toll Plazas”.

The move is also part of an effort to encourage the public to switch to electronic toll payment system which is faster and easier as all toll transactions at the Mambau and Lukut toll plazas on SPDH will be conducted electronically beginning 1 June 2015.

Workshop Underscores the Company’s Commitment to HSE Practices and Implementation

KUALA LUMPUR, 13 May 2015 – UEM Group Berhad (UEM Group) organised a full-day Health, Safety and Environment (HSE) Practitioners Workshop recently where the event focused on ways to improve HSE practices in order to ensure the highest possible standards are being applied and implemented across all of its subsidiaries.

Themed “Saving Lives – No Harm to People”, the workshop was attended by over 80 HSE personnel from across UEM Group of Companies. Zabidi Dato’ Md. Adib, Deputy Director General of the Department of Occupational Safety and Health (DOSH), Ministry of Human Resources was also present at the workshop and delivered the opening address.

Workshop participants took part in a fruitful and constructive dialogue as well as shared their personal experiences covering various HSE issues including health hazard identification and management, behaviour-based safety, and Risk Assessment and Risk Control.

Dato’ Izzaddin Idris, Group Managing Director/Chief Executive Officer of UEM Group said, “We value our employees as they are the most important asset in our organisation. HSE-related issues remains high on our agenda and with this in mind, we are embarking on a HSE Culture Transformation Journey where the aim is to inculcate a strong HSE culture that includes an accident-free workplace, developing a system to prevent people from injury, and increasing HSE awareness and safe behavior for all of our employees.”

He added that the workshop is one of many initiatives the Company plans to roll out in the coming months so as to ensure that employees gain a deep understanding on HSE related issues and regulations as well as behave in a safe manner while at work.

The HSE culture is without a doubt a crucial aspect of UEM Group’s operations given the fact that the engineering-based infrastructure and services group is involved in Construction and Asset & Facility Management Services such as expressways and hospital maintenance services.

KUALA LUMPUR, 8 May 2015 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) organised a CSR Programme by extending educational aid for the children of Shelter 1 in Petaling Jaya, Selangor yesterday.

An educational aid of RM31,000 was donated to 21 children, comprising 7 girls and 14 boys aged between three and 13 years old for the purpose of defraying the cost of their tuition fees in order for them to further enhance their studies. These children are currently residing at one of the three homes managed by a Non-Governmental Organisation known as Shelter Home For Children.

The Shelter Home For Children’s General Manager, Cheok Hoong Poh said, “This donation will definitely help the shelter gain a better foothold to improve the children’s education. The children require a lot of assistance in their studies and thus we will be utilising this financial aid to provide them more tuition teachers, invest in more educational programmes like online teaching courses as well as books and other study materials.”

According to Nik Surina Suria, "CSR at UEM Sunrise is categorised into two main pillars – Education Enhancement and Community Development that guide our community initiatives. The Education Enhancement approach is based on a firm belief that education is a fundamental human right and must be extended to every child regardless of gender, race, religion or economic status. This is a second year that sees UEM Sunrise extends its support to the Shelter Home for Children and it is our hope that the contribution will go a long way in assisting these children of Shelter 1 with their educational needs".

At the event, the representatives from UEM Sunrise also brought cheer to the children and brightened their day through the clown and magic show performances by Cha Cha The Clown.

KUALA LUMPUR, 5 May 2015 – The Board of Directors of UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has named Dato’ Roslan Ibrahim as the Company’s new Chief Operating Officer, Development (“COOD”) , effective 1 September 2015.

The appointment follows the resignation of current Chief Operating Officer responsible for development, Lum Tuck Ming who has opted to resign from the position after many years in the role.  Lum’s resignation will take effect 31 August 2015, one year ahead of his employment contract which was scheduled to end 31 August 2016.

“As COOD, Dato’ Roslan’s main task will be to make certain the overall achievement of our projects deliverables are met and in ensuring smooth operation of the organisation which includes project planning and management, construction management and stakeholder management. This applies to UEM Sunrise’s projects in Malaysia and abroad.

Dato’ Roslan’s over 30 years of industry experience which includes a proven track record in managing complex infrastructure projects and who is known for his leadership skill and good stakeholders’ management abilities, would prove beneficial in further strengthening our operational capabilities and in meeting our goals and objectives,” said Anwar Syahrin Abdul Ajib, Managing Director/Chief Executive Officer of UEM Sunrise.

Dato’ Roslan holds a Bachelor of Science (Hons) in Civil Engineering Degree from University of Wales and an MBA in General Management from the renowned Heriot-Watt University of United Kingdom.

He is currently the President Direktor of PT Lintas Marga Sedaya, a 55% subsidiary of UEM Group Berhad (“UEM Group”) that is undertaking the 116-kilometre, RM4.4 billion construction of the Cikampek-Palimanan highway project in Indonesia which is on track for construction completion in June 2015.

Dato’ Roslan joined UEM Group in 2006 and during his tenure, he headed the project team to design and build the Penang Second Bridge Project and was then assigned as the Head of Group Business Development.

He started his career in 1981 and has been involved in several mega projects including the Peninsular Gas Pipeline, the 55-storey Menara Telekom, the Putrajaya Bridges and the Petronas Twin Towers.

“Dato’ Roslan’s hands-on experience in the Petronas Twin Towers project, Malaysia’s most iconic building and crown jewel of Kuala Lumpur, would prove valuable as we embark on our very own iconic project, Aurora Melbourne Central in Australia,” added Anwar.

In the area of Business Development, Dato’ Roslan secured maiden projects in Sudan and Dubai during his tenure with MMC Engineering Group Berhad and IJM Corporation Berhad respectively. Prior to UEM Group, he was the Acting Executive Director for Operations and Business Development in Puncak Niaga Holdings Berhad.

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