LCL 另类‘黑金'股 - 营业额真的可以倍增？

os

上个月五号，MR Low 发表了一遍耐人寻味的新闻。
他说，营业额很可能会翻一倍。
伴随着几个动作，转版,海外業務貢獻將翻一倍,搭上建筑王牌 IJM,印度设厂，低營運成本15%至20%，Smart Investor 里的信心满满，一落直下后反弹的技术走势等。。。
如果 200 7的营业额真的可以开翻，如果净利也可以跟着开翻，那么，ROE 有望 > 20%, PE 也可以来到 3.x.
他的业务其实很普通，enter barrier 也相当低，就是做装修。策略则是跟着‘黑金’跑，和 IJM 合作海外，目前我想应该是最好的组合。

os

Friday January 5, 2007

LCL targets double-digit revenue rise
KAJANG: Furnishing services firm LCL Corp Bhd aims to double its revenue this year as it targets hotel projects in the Middle East and other nations with booming oil revenue, managing director Low Chin Meng said.   

LCL, which provides customised interiors, mainly for hotels and convention centres.   The company has furnished Malaysian embassies across the world, from Cuba to Beijing.  

Low has identified Kazakhstan, Libya and Sudan as countries where the company would be looking for projects.   The company has current jobs in the United Arab Emirates that make up 70% of the firm's order book of about RM400mil.   

It expected to finish the bulk of its Dubai projects this year, Low said yesterday.  “You will see a doubling of revenue, very likely.   

“We have never achieved such an order book before, and we have to get them done this year, so our revenue will double,” he added.   

LCL earned about RM121mil in revenue for the nine months to Sept 30 last year, up 50% from RM81mil in the corresponding period in 2005, stock exchange data shows. – Reuters

os

LCL Corp associate lands RM68.8m Dubai job

LCL Corporation Bhd said its associated company in Dubai, LCL Interiors LLC (LCL Interiors) has received a letter of acceptance from CSHK Dubai Contracting (LLC) (CSHK) for interior finishes sub-contract works worth RM68.8 million for the service apartment in the Burj Dubai Development.

In a statement on July 26, the company said that LCL Interiors was awarded the sub-contract works for all interior finishes to the service apartment (17th to 41st floor), the front of the house areas and interior finishing of the four passenger lift cabs on July 24.

LCL Corporation said the sub-contract works would commence immediately with completion scheduled for October 2007, and is expected to contribute positively towards its earnings for the current financial year.

Including the latest job, LCL Interiors had received three interior fit-out works from the same developer, amounting to RM139 million.

LCL Corp said Emaar Properties PJSC, the owner of the Dubai Mall Hotel, Burj Dubai, where CSHK is the main contractor for the project, nominated the sub-contract works.

LCL Corp group managing director Low Chin Meng said its on-going projects in Middle East made up 41% of its total projects worldwide and that the company is expected to secure more projects riding on the development boom in the Middle East.

x x x

LCL making strides in Kazakhstan

July 3 2006

LCL Corp Bhd is fast carving a name for itself in Kazakhstan, and over time plans to expand its business to the country's neighbours such as Uzbekistan and Turkmenistan.

LCL group managing director Low Chin Meng said Kazakhstan holds much future potential and business promise riding on the construction and property boom in the country.
"In Kazakhstan alone, we have a firm order book of RM40 million which is expected to more than double in the next few years as more offices and homes crop up," Low told Business Times recently.

In total, Kajang-based LCL has an order book of RM300 million for both its local and overseas businesses.
An interior and renovation and refurbishment specialist, LCL is possibly the only Malaysian company operating in Kazakhstan in the field of interior fit out or a total solutions provider in interior designing and refurbishing offices and homes.

The low-profile company made its foray into Ansara only last year due to the efforts of Malaysian Ambassador to the country Datuk Tan Tai Heng and his staff.
"Tan was looking for Malaysian companies to invest in Kazakhstan and we ourselves were curious to know more about this country of 15 million people," said Low.

He said part of the reason LCL decided to give Kazakhstan a try was because Malaysia's construction industry has become extremely competitive.
"There were 4,000 contractors in town jostling for limited jobs valued at RM1 billion a year. LCL directors gave their consent and we made our first venture overseas into Dubaitwo years ago."

Kazakhstan, which is rich in oil and gas, gained independence from the Soviet Union nine years ago.
Low said LCL is in the midst of building its first plant in India costing RM8 million together with IJM Corp Bhd via their joint venture company.
Through the plant, IJM Corp will blaze the trail by building homes and offices and LCL will follow suit complementing the property projects by producing furniture products and materials to be fitted out into the homes and offices.

"We plan to build a plant in Kazakhstan next year but the investment amount has not been decided yet," said Low.
He said LCL and other Malaysian companies from various sectors have enormous potential to be successful in Ansara because the new regime in Kazakhstan is reinventing and reengineering itself away from the socialist era.
Low said Ansara is bored with its dull architectural design from Europe and wants something fresh for a change, including designs from the orient.

Furthermore, the appreciating euro caused interior jobs to become costly and Ansara is not willing to fork out more money by engaging European contractors.
He said LCL is working closely with a local contractor Stroy Contract and hopes to strike a partnership by next year with a view to own equity via a joint venture company.
Low said rather than go into the US or Japan which are already established in the field of interior fit out, Malaysian companies should try to penetrate Central Asia.
He said Kazakhstan and its neighbours are so used to American, Italian and other European products and are looking for something new.

"Malaysian products can have a chance provided companies are daring and willing to take the chance," said Low, who is an avid carpenter and also owns restaurants.
He said Kazakhstan's infrastructure sector is booming with the construction of new bridges and roads. There are also opportunities in the oil and gas and services sector.
Established 21 years ago, LCL is Malaysia's biggest and only listed interior fit out company with a market share of 15 per cent and businesses in United Arab Emirates, Sudan, Qatar, India, Japan and Brunei.

Low said LCL is also eyeing the India, China and the West Asian markets.
He said half of LCL's revenue is from its overseas operations and the other half from local projects but it plans to increase the overseas and domestic ratio to 70:30.
Listed in 2003, the second board company plans to transfer to the main board next year.
It has fitted out 70 per cent of all the government ministries in Putrajaya and some of its projects include Westin Hotel, the Kuala Lumpur International Airport Golden Lounge and decorated 10 Malaysian embassies worldwide.

LCL started out as a furniture maker 25 years ago but has since branched out into woodworking, stone, glass, ceiling, furnishing (fabric, upholstery) and also has a retail division.
It has 10 subsidiaries and employs 2,000 workers.

[ 本帖最后由 os 于 7-2-2007 12:46 AM 编辑 ]

os

樂觀看待業務成長
LCL擬進軍北非巴林蘇丹 推薦給朋友    列印
updated:2007-01-30 19:32:01 MYT
  
（吉隆坡訊）LCL企業（LCL，7177）對今年的業務表現感到樂觀，並計劃進軍北非、巴林、蘇丹和巴基斯坦等新興市場。
該公司董事經理劉增明表示：“我們樂觀公司的海外業務將持續成長，尤其是在中東地區和印度。2005年海外業務貢獻僅約10%，但在2006年海外業務板塊預計將增加至約30%。以LCL企業目前的訂單數量來看，我們相信在2007年海外業務貢獻將翻一倍至約70%。”

他指出，有別於過去的10%至15%，目前超過30%的發展成本是用於室內裝修上。目前國內的市場規模介於10至12億美元，但僅中東市場就比本地市場大上50倍。

因此，為了滿足海外市場需求，LCL企業已在印度真奈設廠，並預計將在2007年3月全面投入運作。投入運作後，該廠將提高公司的產量30%，同時減低營運成本15%至20%，有助於提升公司的競爭力。
他說，印度除擁有鄰近中東、中亞和非洲的地理優勢，以及低廉的營運成本外，該國的成長動力也是LCL企業選擇當地投資的主要原因。

“印度的內部裝修領域擁有巨大的增長潛能，因為這個新興經濟體，剛獲選為2010年共和聯邦運動會的主辦國，因此為了配合該項運動盛事，當地的新豪華飯店工程將會不斷的進行。” （星洲日報／財經‧2007.01.30）

[ 本帖最后由 os 于 7-2-2007 12:48 AM 编辑 ]

os

Thursday June 8, 2006

Overseas ops to drive LCL’s revenue growth this year
By Leong Hung Yee
BANGI: LCL Corp Bhd expects to register 20% growth in revenue for the year ending Dec 31, 2006, driven by its overseas operations, particularly in the Middle East and India, said group managing director Low Chin Meng.

“We are confident of continued strong growth as we have been consistently posting 20% annual growth over the past few years,” Low told StarBiz after the company's AGM yesterday.
As an integrated interior service provider, LCL's operations include the design, implementation, manufacturing and maintenance of interior fit-out (IFO) works and services encompassing ceiling, flooring, furniture and steelworks.

Last year, LCL posted a net profit of RM8.1mil on revenue of RM116mil. For the three months ended March 31, the company registered a net profit of RM2mil against RM1.7mil in the previous corresponding period. Revenue for the period rose 37.5% to RM38.4mil from RM27.9mil a year ago.
Besides its order book of RM300mil, which would keep the company busy over the next year, Low said LCL was tendering for local and overseas projects valued at between RM1.6bil and RM1.7bil.

Low expressed optimism that the company would be able to secure between 15% and 20% of the projects it had tendered for.
LCL is believed to be the biggest player in the local IFO sector with some 15% market share.
“In Dubai, we have tendered for more than RM500mil worth of projects,” Low said, adding that Oman, Abu Dhabi and Sudan were other development hotspots the group could tap.

The group announced on Tuesday its associated company in Dubai, LCL Interiors LLC, had won a RM20.97mil sub-contract for the design, supply and installation of all finishes to the podium of Dubai Mall Hotel.

The project, scheduled for completion in mid-2007, is expected to contribute positively to group earnings this year.
Low expects LCL's overseas revenue contribution to increase to 50% this year, and 60% next year.

In a separate filing with Bursa Malaysia on Tuesday, LCL said it had secured a contract worth RM10.9mil for the upgrading of Rebak Marina Resort in Langkawi.

[ 本帖最后由 os 于 7-2-2007 12:50 AM 编辑 ]

os

LCL banks on overseas business
January 30 2007

INTEGRATED interior fit-out specialist LCL Corp Bhd expects to double the contribution from its overseas business this year to 70 per cent, as it steps up marketing activities in oil-producing countries.
"Where the oil flows, the country will experience a boom in infrastructure and high-end properties," LCL said in a statement.

LCL has already established a foothold in Kazakhstan, Qatar and UAE with projects in hand totalling more than RM400 million.

The group has tendered for projects worth more than RM1 billion in the Middle East alone with a historical track record of 15 per cent success rate.

The group will also focus on new geographical markets, namely North Africa, Bahrain, Sudan and Pakistan, the statement added.

"We are bullish on LCL's growth overseas, especially in the Middle East and India.

"In 2005, our overseas contribution was just 10 per cent but in 2006 the overseas portion is expected to increase to about 30 per cent.

"With LCL's current order book, we believe the overseas contribution will double in 2007 to approximately 70 per cent," managing director Low Chin Meng said.

To cater for demand overseas, LCL has set up a factory in Chennai, India, which will be fully operational by March 2007.

It will increase the group's total capacity by 30 per cent and cut operational cost by 15-20 per cent. India was chosen because of its proximity to the Middle East, Central Asia and Africa.

India also presents itself as a potential market, as it will host the Commonwealth Games in 2010. New luxury hotels will be built to cater for the event.

"Interior fit-out gives the highest margins among the other construction-related segments and has gained importance as a country develops.

"Today, over 30 per cent of the developer's cost goes to interior fit-out compared to 10-15 per cent in the past.

"The size for the local market alone is between RM1 billion to RM1.2 billion a year, while in the Middle East, the market is more than 50 times bigger," Low said.

Besides Malaysia and the Middle East, LCL has also completed projects in the US, Europe, China, Singapore, North Korea, Brunei, India and Cuba.

[ 本帖最后由 os 于 7-2-2007 12:52 AM 编辑 ]

os

LCL eyes oil-producing countries to drive growth

Email us your feedback at fd@bizedge.com

Integrated interior fit-out company LCL Corporation Bhd is eyeing oil-producing countries, where infrastructure and high-end property sectors are booming, to grow its business.

LCL said in a statement on Jan 29 that it had established its foothold in Kazakhstan, Qatar and United Arab Emirates (UAE) with projects at hand totalling over RM400 million.

It said the group had tendered for projects worth more than RM1 billion in the Middle East alone, adding that it would also focus on new geographical markets in North Africa, Bahrain, Sudan and Pakistan.

"We are bullish on LCL's growth overseas especially in the Middle East and India. In 2005, our overseas contribution was just 10% but in 2006 the overseas portion is expected to increase to about 30%.

"With LCL's current order book, we believe the overseas contribution will double in 2007 to approximately 70%," said LCL group managing director Low Chin Meng.

LCL said its factory in Chennai, India, which was set up to cater to the overseas demand, would be fully operational by March.

It said the factory would increase the group's total capacity by 30% while operational cost would decrease by 15% to 20%, enabling it to be more cost-competitive.

Low said interior fit-out gave the highest margins compared to other construction-related segments, accounting for over 30% of the developer's cost compared with 10% to 15% in the past.

"The size for the local market alone is between RM1 billion to RM1.2 billion a year while in the Middle East, the market is more than 50 times bigger," he added.

Besides Malaysia and the Middle East, LCL has completed projects in the United States, Europe, China, North Korea, Singapore, Brunei, India and Cuba. It has joint-venture partners in India, Japan and the Middle East.

os

Saturday February 24, 2007

Overseas ops to buoy LCL earnings

By YEOW POOI LING

KAJANG: LCL Corp Bhd’s future earnings will be buoyed by overseas operations, with the bulk coming from the Middle East.  

Managing director Low Chin Meng said the company, which provided interior fit-out services, anticipated overseas contribution to make up 70% of revenue for the current financial year ending Dec 31, 2007, compared with 10% in 2005.  

For 2006, LCL expected the figure to be some 30% , he added. (The company is likely to release its full-year results by end of this month.)

“Three years ago we started venturing abroad, and today we are quite established in the Middle East and doing well in India. We are expanding into Central Asia and are also looking at North Africa. With this expansion, the world is our market,” Low told StarBiz.  
The group’s order book currently stands at some RM400mil. Of that, 75% would be completed by end of this year, he said.  

LCL was also bidding for over RM1.5bil worth of projects, he said, adding that the success ratio was historically about 15%. Its focus is on hotels, resorts, commercial buildings and convention centres.  

He noted that the local market was insufficient to sustain the group’s earnings although LCL was the market leader with a 15% share.

“There are probably 5,000 interior contractors in this country. Most of them are small-scale players and not many have overseas operations,” he said.  

“Concentrating on one market may not be enough for us. The Middle East is 50 times bigger than Malaysia. The Middle Eastern people are not very involved in this kind of business. The demand now is rising due to the construction boom. There is a shortage in providers of our kind of service,” he said.  

India, on the other hand, has a lot of potential, especially in the hospitality industry.  
“Demand for hotels in India will increase 10 times between now and 2010 as it is hosting the 2010 Commonwealth Games. This is an area that will give us a strong order in the next two years,” Low said.  

In India, LCL’s subsidiary LCL Furniture Sdn Bhd has a 50:50 joint venture with IJM (India) Infrastructure Ltd (IJMII).  

Low said the group could leverage on IJM’s reputation in India given the latter’s strong order book as well as knowledge of the country.  

“IJM can give us a lot of guidance. There are also a lot of projects that we can work with them on. It is a win-win partnership,” he said, adding that Hyderabad, in particular, was attracting many foreign investors to its information technology industry.  
The partnership with IJM was a result of a new business model that LCL started implementing about six months ago.  

The group would partner main contractors like IJM to bid for projects together instead of working as a sub-contractor.  

“This is one way we can lock in a bigger order book. If we were to team up with many of them, we would be able to be part of the project from the beginning,” Low said, adding that the impact of the new model would be visible in a year’s time.  
On Central Asia, Low said the margins were high for countries like Russia, Kazakhstan and Uzbekistan because their economies were relatively young since they broke off from the Soviet Union.  

He added that Libya, Ethiopia and Nigeria in the North African region were “up and coming” as they had discovered oil and would have surpluses to sustain economic growth.  
The group does not have a written dividend policy in place, but he said it would continue its historical dividend of 10 sen per share.  

Based on the share price of RM1.91, this translates into a yield of 5.2%. Based on TA Securities’ estimate of earnings per share of 27 sen for 2006, the stock is trading at a price-to-earnings ratio of almost seven times.

os

装修佬果然没有让人令人失望，交出了季对季 166.76% 和全年 54.95% 的净利成长率。
比 TA 预测的 EPS高出５仙。
装修佬也依照惯例，派发10仙股息。

snicker

几时派发股息和他的栽止日是？

os

今年的 10sen 股息只是建议而已，还未正式宣布。根据历史纪录，则会在五月宣布。

LCL 上市才三年，只有两次派息纪录：
Date Announced: 10/05/2006, Ex-Date 18/08/2006,
First and Final Dividend 10 SEN LESS 28%

Date Announced: 27/05/2005, Ex-Date:08/09/2005,
FIRST & FINAL TAX EXEMPT 10.00 %  (10 SEN)

os

LCL eyes Dubai listing
By Marina Emmanuel, marinae@nstp.com.my
February 21 2007

INTERIOR fit-out specialist LCL Corp Bhd is eyeing a listing on the Dubai stock exchange by 2010.

The company, which ventured overseas in 2005 to carve a name for itself as a global interior fit-out player, is concentrating its efforts in oil-rich countries such as the United Arab Emirates, Qatar, Sudan, Kazakhstan, Bahrain, Saudi Arabia, Brunei and Libya.

"We are going where the oil flows and to countries which are spending heavily on infrastructure developments and are willing to spend a lot for high quality interior finishes in these developments," LCL's group managing director Low Chin Meng told a recent media briefing in Langkawi.

LCL touts itself as the only Malaysia interior fit-out contractor to have secured high-profile development jobs in West Asia.

This includes the Dubai Mall Hotel (a part of the Burj Dubai Development which will hold the tallest tower in the world) and Atlantis, the Palm.

Low said a listing on the Dubai bourse - via its associate company LCL Interiors LLC - would give LCL a foothold and boost its growth in West and Central Asia.

"Dubai's position," he noted, "is a strategic one with quick access to Europe where we source for our interior materials.

"Dubai is also three hours away from Africa and can serve as our hub in securing more businesses," Low added.

LCL is bidding for jobs worth RM800 million in Dubai involving hotels and office buildings.

"Some of these jobs are being sought via joint ventures with other interior fit-out companies and we are negotiating with several Malaysian partners in jointly bidding for these projects," Low said.

LCL is also in the final stages of submitting the necessary documents to the Securities Commission for its proposed transfer of listing from Bursa Malaysia's second board to the main board.

LCL's services range from conceptualisation to design, build, installation and project management.

Low said the Malaysian interior fit-out market is estimated to be worth RM1.2 billion and LCL commands a 15 per cent share of it.

"The market is quite saturated owing to the fact that there are many players and this is why we ventured out abroad two years ago," he added, saying that of the RM1.2 billion worth of projects that LCL is currently bidding for, more than half are located overseas.

"We are not only bidding for new buildings," he added, "but also refubishment projects".

LCL last year won contracts worth RM17.6 million for the refurbishment and renovation at Westin Langkawi Resort Spa (formerly Sheraton Perdana).

Prior to this, Sheraton Langkawi Beach Resort singled out LCL as the contractor for a RM10 million renovation project carried out over 18 months.

LCL's on-going projects total RM331 million and they include Langkawi's Rebak Marina Resort, private residences in Kazakhstan along with a project in Sudan.

x x x

02-03-2007: LCL gets RM41m contract
Email us your feedback at fd@bizedge.com

LCL Corporation Bhd via its wholly owned subsidiary LCL Furniture Sdn Bhd, together with its joint venture partners PJ Indah Sdn Bhd and Ocean Electrical Co Sdn Bhd (LCL-PJIndah-Ocean JV), have bagged a RM40.9 million interior out-fit for the proposed maritime centre (package 3) at Precinct 5, Putrajaya.  LCL in a statement on March 2 said the project involved the complete interior fit-out works as well as mechanical, electrical, audiovisual works for the maritime centre. Work on the project, starting this month, would take one year to complete.  According to 's group managing director Low Chin Meng, the company had handled various jobs in Putrajaya such as the residential project in Precinct 4 and the Ministry of Finance Building. "We envision the maritime centre will be one of the more advanced and beautiful maritime centres in the region upon completion," he said.  Apart from its success in the local market, Low said the company was also doing well especially in the Middle East and India. Its order book now stood at RM350 million and to be completed in 2007.

x x x

LCL机构与联营公司 获海事中心4千万合约 2007/03/03 11:38:53 ●南洋商报

file:///D:/song/misc/song/2006/New%20Folder/images/w5b/dummy.gif

（吉隆坡2日讯）LCL机构（LCL，7177，二板贸服股）与联营公司，取得布城海事中心（Maritime Centre）总值4千零90万令吉的室内装潢合约。
LCL机构发表文告说，上述合约包括了室内装潢、机械、电子，以及影音设备，工程将在3月份开始，预料在1年后完成。

LCL机构董事经理刘增铭表示：“海事中心是布城另外一个旗舰地标，我们很高兴获选负责这个工程。”

他说，LCL机构除了在本地市场取得成功外，在海外市场也表现不俗，尤其是中东和印度；该集团现有的订单约达3亿5千万令吉，并且将在2007财政年完成。

另一方面，LCL机构也在2006年10月19日宣布高达缴足资本10％的私人配售计划以及8送3红股计划，以便提高该集团的缴足资本，进而把LCL机构转移到主板挂牌。

该集团预测将会从上述企业活动总筹集700万令吉，并且用作营运资本。

os

LCL 最近的简报：
- Domestic market = RM 1b - 1.2b; Middle Eash 50 times bigger
- Has over RM 300 m overseas contract
- Fitting out luxury hotels in Dubai and Doha
- 13 ongoing projects in Khzakhstan
- Dabai largest hotel, the Atlantis Resort, worth over 100 mil dirham, 1539 rooms.
- 130 mil dirham Burj Dubai Hotel, 300-rooms with 400-rooms serviced apartment
  (Highest building in the world)
- LCL will complete both of tis project (Atlantis & Burj) by the end of this year (2007).
- Higher value-add with bigger profit margin
  (highest margin compare to construction related industries)
- Currently (Feb 2007) has about RM 400 mil worth of ongoing projects, locally and abroad,
  and has tendered over RM 1.2bn (record of average 15% secured ratio)
- Tendering in North Africa, Bahrain, Pakistan, Moscow
- IJM and LCL collaborate on Hotel Hyderabad 300-room Novotel
- 2000 workers locally and abroad
- Face challenge of limited finances to back up development projects,
  intense to carry out corporate exercise soon to raise capital
- Ambitious plan to reach RM 1 bn turnover within the next three years
- First phase of factory in India, costing RM 8mil,
  is expected to be completed early this year.

隐忧：
由于不断的接获大工程，Cash Flow 也变得有些紧逼。
Balance Sheet 也如往常一般，还未获得显著的改善。
由于公司要集资以应付越来越多的工程，除了 Paid Up 10% 的 Private Placement 外，有可能会乘发红股顺便来个附加股和凭单。

8years

很好的介绍，谢谢。可以再深入讲解它的account 吗？你是否对low chin meng有什么了解，可以分享吗？

研究后，我应该会找机会投资20%资金。

飛翼高達

内部消息，lcl努力朝着main board前进！
估计在今年内会换版

os

还有没有其他消息呢？
转板的议程已经拖了五个多月，可能还有些细节不符合 SC 和 Bursa 的标准吧。
希望接下来可以顺顺利利。
LCL 在 2006年 10月 19日 就已经建议10% Private Placement,8 送 3 红股和转版。

x x x

大约3，4个星期前，南洋有一篇关于老板在Langkawi的访谈和对LCL的报道。
不过我在南洋网站却找不到，无法贴上来。
关于老板的内容大约如下：
1。 小时家贫，受教育不高，做木匠帮补家用。
2。 现在公司拓展活动，十分忙碌，每天东飞西飞，超时工作。
3。 虽然如此，记者可以随时联络他。

LOW CHIN MENG - GROUP MANAGING DIRECTOR
Mr Low Chin Meng, a Malaysian aged 43, was appointed as Group Managing Director and Audit Committee Member of LCL Corporation Berhad on 4 November 2003. Currently, he is also the Chairman of the Executive Committee of the Board, the Remuneration Committee and Employee Share Option Committee. He is also a member of the Nomination Committee and the Risk Management Committee.
Low Chin Meng is the founder of the LCL Group of Companies. He brings with him extensive experience in the interior fit-out industry as a result of over 23 years of direct working experience in the industry. He has been instrumental to the success, growth and development of the LCL Group of Companies. He then steered LCL to become a public listed company in the Bursa Malaysia. He is currently responsible for the overall management and strategic direction of LCL.
Low Chin Meng is the brother of Low Chin Fui, another fellow director of the Group. Mr Low does not have any conflict of interest in any business arrangement involving the Group nor has been convicted of any offences within the past 10 years.

2005 薪酬 RM100k - 150k
2006 薪酬 RM150k - 200k

35.41% shares at 24 April 2006 : 13,601,500 Direct + 738,000 Deemed
33.22% shares at 30 April 2005 : 12,666,000 Direct + 738,000 Deemed


x x x x x x

LCL 第二和第三大股东：
Mohd Akib  % shares at 30 April 2005 : 3,207,000 : 7.95%
Syed Ariff % shares at 30 April 2005 : 2,027,000 : 5.02%
Mohd Akib  % shares at 24 April 2006 : 3,207,000 : 7.92%
Syed Ariff % shares at 24 April 2006 : 2,027,000 : 5.01%

30 APRIL 2005 的股权分析：
1 - 99                      2   0.15          100    0.00
100 - 1,000               905  69.35      268,700    0.67
1,001 - 10,000            254  19.46    1,119,700    2.77
10,001 - 100,000          109   8.35    3,726,800    9.24
100,001 - 2,017,594(*)     33   2.53   20,036,600   49.65
2,017,595 and above (**)    2   0.15   15,200,000   37.67
————————————————————————————
TOTAL                   1,305  100.00  40,351,900  100.00

24 APRIL 2006 的股权分析：
1 - 99                      2   0.19          100   0.00
100 - 1,000               770  71.83      213,800   0.53
1,001 - 10,000            194  18.10      820,400   2.03
10,001 - 100,000           68   6.34    2,240,300   5.53
100,001 - 2,024,694 (*)    35   3.26   23,719,300  58.57
2,024,695 and above (**)    3   0.28   13,500,000  33.34
—————————————————————————————————————
TOTAL                   1,072  100.00  40,493,900  100.00

在 30 April 2005，Top 30 Shareholder 总共控制了 34,545,500 或 85.61% 的股权。
在 24 April 2006，Top 30 Shareholder 总共控制了 36,081,300 或 89.10% 的股权。

PUBLIC SHAREHOLDING SPREAD:
at 31 December 2006 is 40.93% comprising 1,251 public shareholders holding
at 30 June 2006     is 40.93% comprising 1,047 public shareholders holding
at 31 December 2005 is 42.80% comprising 1,076 public shareholders holding


基本上，LCL的股权大架构依然，可以看到大股东们有进行少量增持，而散户的人数则可能因为股价的滑落而减少了。不过从去年 12 月的 Public Shareholding Spread 里，散户的人数似乎又开始增加了。

[ 本帖最后由 os 于 25-3-2007 11:16 AM 编辑 ]

8years

谢谢资料。

有没有LOW CHIN MENG的管理诚信的资料呢？？从小就贫是好点，23年经营也是好（不会搞其他行业），就是对小股东有诚信吗？？有没有这方面资料呢？

是public bank的郑还是megan的杨？？

[ 本帖最后由 8years 于 25-3-2007 01:18 PM 编辑 ]

scsiang82

INTERIOR fit-out firm LCL Corp Bhd is one of the few Malaysian companies that has successfully taken advantage of opportunities in the Middle East.

The second board-listed company entered Dubai in 2005. “Four years ago, when visiting that part of the world, I saw the pace of growth that led us to go there,” group managing director Low Chin Meng said.

“The office and warehouse rentals in Dubai were very high and we had to pay a year's rent upfront. It put off many Malaysian companies, but we were willing to take the risk.”

In fact, it had gone a step further by launching a showroom in Dubai on March 27.

Speaking to Malaysian reporters in Dubai in conjunction with the launch, he said it had invested RM1.5mil in the showroom, which would be used to capture the market for loose furniture, upholstery fabrics, and stones and marbles for property finishing.  

“We expect the market to be good for the next five years. After that, we expect our growth to come from the Indian hotel construction industry and possibly Kazakhstan,” Low said.

The company already has offices in Hyderabad, India, and Kazakhstan.

LCL is bidding for more than RM1.3bil worth of contracts in the Middle East region.


The 4,500-sq ft showroom in Al Karama, Dubai costing RM1.5mil

Datuk Syed Ariff Fadzillah, executive chairman of Dubai-based LCL Interiors LLC, said he was confident of securing orders totalling RM1bil by year-end.

Ongoing projects for the company include interior fit-out (IFO) work for parts of the prestigious Burj Dubai Mall Hotel worth 135 million dirham (RM131mil) and the equally prestigious Atlantis The Palm hotel valued at 106 million dirham (RM103mil).
Outside Dubai, the company is bidding for IFO jobs in Abu Dhabi in the UAE, as well as in Saudi Arabia and Bahrain. LCL is working with other Malaysian companies. They are Zelan Holdings Sdn Bhd, IJM Construction Sdn Bhd, Sunway Construction Sdn Bhd and LFE Engineering Sdn Bhd to bid for a RM1.4bil contract at the Al Reem Island project in Abu Dhabi. The company was eyeing projects worth not less than RM10mil “to justify the investment,”said Low. LCL plans to transfer to the main board in June. “In the first half of this year, there will be a lot of good news,” he said. The company has a policy of taking care of the welfare of craftsmen brought from Malaysia to Dubai for 12- to 18-month stints. The company has an air-conditioned complex at the Jebel Ali Investment Park, Dubai, which can house 460 people. It has a central kitchen that cooks packed meals to be delivered to project sites. Currently, 108 people occupy the three-storey building. “Workers should just concentrate on work and not have to worry about accommodation and where to find food,” a Dubai-based manager told StarBiz. The company has seen overseas contribution to revenue grow from 10% in 2004 and 2005 to 30% in 2006, and expects the figure to rise to 70% of an expected RM300mil in revenue for the financial year ending Dec 31, 2007. Last year the company's net profit grew 60% to RM13mil on revenue of RM170.6mil. The Malaysian business contributed RM100mil to RM200mil to the company's revenue annually, but the gross profit margin for Dubai was 25%, while in Malaysia that figure was only 15%,he said. He said while its business in Dubai was lucrative, LCL still struggled for recognition in the Middle East as it was considered a small player in that region. He added that LCL was considering to introduce a vendor development programme to bring more products of Malaysian companies, especially high-end furniture and fittings, to the Middle East.

8years

在我投资组合有很大比重

scsiang82

LCL CORPORATION BERHAD ("LCL" OR THE "COMPANY")

- PROPOSED BONUS ISSUE OF UP TO 21,878,000 NEW ORDINARY SHARES OF RM1.00 EACH ("BONUS SHARES") ON THE BASIS OF ONE (1) NEW ORDINARY SHARES OF RM1.00 EACH IN LCL ("LCL SHARE(S)" OR "SHARE(S)") FOR EVERY TWO (2) EXISTING LCL SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED ("PROPOSED BONUS ISSUE");
- PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED AND PAID-UP CAPITAL OF LCL FROM THE SECOND BOARD TO THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD ("PROPOSED TRANSFER"); AND
- PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL FROM RM50,000,000 COMPRISING 50,000,000 SHARES TO RM500,000,000 COMPRISING 500,000,000 SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL")
(COLLECTIVELY KNOWN AS THE "REVISED PROPOSALS")

Contents :

On 19 October 2006, OSK Investment Bank Berhad (formerly known as OSK Securities Berhad) ("OSK") on behalf of the Board of Directors of LCL ("Board"), had announced that the Company proposes to implement the following proposals:-

(a) a private placement of up to ten percent (10%) of the issued and paid-up share capital of the Company, to investor(s) that will be identified at a later stage;

(b) a bonus issue of up to 17,859,600 new Shares on the basis of three (3) new LCL Shares for every eight (8) LCL Shares held at an entitlement date to be determined;

(c) the transfer of the listing of and quotation for the entire issued and paid-up share capital of LCL from the Second Board to the Main Board of Bursa Malaysia Securities Berhad ("Bursa Securities"); and

(d) an increase in the authorised share capital of LCL from RM50,000,000 comprising 50,000,000 Shares to RM500,000,000 comprising 500,000,000 Shares.

On behalf of the Board, OSK wishes to announce that the aforementioned proposals have been revised as follows:-

(a) a bonus issue of up to 21,878,000 new Shares ("Bonus Shares") on the basis of one (1) new LCL Share for every two (2) LCL Shares held at an entitlement date to be determined ("Proposed Bonus Issue");

(b) the transfer of the listing of and quotation for the entire issued and paid-up share capital of LCL from the Second Board to the Main Board of Bursa Securities ("Proposed Transfer"); and

(c) an increase in the authorised share capital of LCL from RM50,000,000 comprising 50,000,000 Shares to RM500,000,000 comprising 500,000,000 Shares ("Proposed Increase in Authorised Share Capital")

(collectively to be referred to as the "Revised Proposals").

Further details on the Revised Proposals are set out in the file attached below.