PPHB (8273) - PPHB - Revaluation of Properties

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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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