PPHB (8273) - PPHB - Revaluation of Properties

The said revaluation exercise was undertaken to reflect the fair value of the Group’s properties in the financial statements of the Group for the financial year ended 31 December 2017. 
DETAILS OF THE REVALUATION

Detailed breakdowns of the Revaluation are as follows:-      PUBLIC PACKAGES PROPERTIES SDN. BHD.
Location	Carrying Amount as at 31.12.16	Revaluation on 31.10.2017	Revaluation surplus
	RM	RM	RM
Lot 5632 Mukim 11 (Nibong Tebal) Seberang Perai Selatan, Penang	7,700,000	12,800,000	5,100,000
84 Lebuhraya Kapal, Penang	265,000	455,000	190,000
5-2-4 Edgecumbe Court, Penang	320,000	500,000	180,000
Unit SB15 Block A, No. 1 Persiaran Gurney, Penang	820,000	1,220,000	400,000
Unit I-4-3 Taman Desa Relau, Penang	170,000	260,000	90,000
Unit 368-2-04 Belisa Row Jalan Burma, Penang	500,000	580,000	80,000
No. A-17-02, Verticas Residensi, off Jalan Ceylon, Kuala Lumpur	1,840,350	1,900,000	59,650
Lot15 Jalan Utas 15/7, Section 15, 40000 Shah Alam, Selangor	4,369,317	5,800,000	1,430,683
		Total	7,530,333

The recognition of revaluation surplus (RM7,530,333) has resulted in an increase in Net Assets (“NA”) per share of the Group of approximately RM0.04 for the financial period ended 31 December 2017.

 - Thanks to stteck for the additional info below -
Based on last published report and after share split, the NA per share is 1.04. With this revaluation of properties, the NA per share is 1.08. PB ratio is 0.71. Rooms for the share price to advance.
 

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