THE Minority Shareholders Watch Group (MSWG) is querying Saudee Group Bhd with regard to progress of its HORECA (hotel, restaurant and café) business segments at the latter’s forthcoming annual general meeting (AGM).
Apart from the HORECA segment, MSWG also wishes to know the company’s current market share in its OEM (original equipment manufacturer) segment as well as its strategies to increase its market share in both segments.
“Is there a target market share and time frame for the company to realise its plan?” asked the shareholder activism group.
Meanwhile, MSWG has requested SEAL Incorporated Bhd for a breakdown of the fair value gain on its investment properties by category (and their value) as disclosed in the company’s recent annual report.
The group has said it recognised a fair value gain on investment properties amounting to RM17.1 mil in FY2020 as compared to RM1.01 mil FY2019.
“What is the occupancy rate of each category of investment property in FY2020 and FY2019,” enquired MSWG. “What is the gross rental yield of each category of investment property?”
Elsewhere, MSWG also queried Insas Bhd with regard to the company’s strategies to optimise the return from investment holding & trading division in FY2021 following a pre-tax loss of RM49.2 mil in FY2020.
The division has investments in both local and overseas listed equities that are involved in property, e-commerce, logistics, consumer products and financial services sectors.
Some of its key equity investments comprised Ho Hup Construction Co Bhd, Omesti Bhd and SYF Resources Bhd.
“How would Insas’ investee companies perform in FY2021?” asked MSWG. “In view of the one to five years investment horizon adopted by Insas, is there any investment that is up for recalibration?” – Dec 18, 2020
