Latest news with #NPE
The Star
a day ago
- Business
- The Star
IJM continues to target more job wins for FY26
PETALING JAYA: IJM Corp Bhd is aiming for a higher project replenishment target for its financial year 2026 (FY26) despite missing its target again in its FY25 ended March 31, analysts say. UOB Kay Hian Research (UOBKH Research) said that the construction and property group guided for a higher replenishment range of between RM6bil and 7bil in FY26 after the release of its FY25 results, which beat expectations. A decent chunk of the replenishments will be from the delayed New Pantai Expressway (NPE) extension worth RM1.4bil and government housing project in Nusantara, Indonesia, estimated at RM1bil. Other key replenishment opportunities include the Penang LRT, the Penang Airport and road projects in Sabah and Sarawak. For FY25, IJM reported a core net profit of RM526.9mil, up 55.5% year-on-year following recognition of major construction milestones that saw its construction-segment earnings picking up significantly during 4Q25. Otherwise, UOBHK Research said that property sales had softened due to delayed launches, while infrastructure earnings declined due to lower throughput for tolls and ports. The construction segment's order book came in at RM11.1bil, comprising RM6.6bil from local jobs and RM4.5bil from foreign jobs in Singapore and Britain. Total job replenishments for the division stood at RM2.7bil. Meanwhile, Hong Leong Investment Bank Research (HLIB Research) said the recent approval for the long-awaited RM1.4bil NPE extension project will lift the group's order book. 'With this win, IJM has hit 40% of our FY26 contract-win assumption and we anticipate more wins this year mainly from data centres and the Nusantara project in Indonesia. 'On the balance-sheet front, IJM's low net gearing of 0.28 times provides ample space to fund the projects,' HLIB Research said. According to the research house, the NPE extension project will be fully funded by the company with no financial commitment from the government. The 15km extension will be fully elevated, linking three major highways – IJM's existing NPE and Besraya highways – with the upcoming LIKE Expressway. Construction will begin in the third quarter of this year with completion slated in 2029. Once operational, the NPE extension is poised to add to IJM's recurring income stream, said HLIB Research. As for the group's property division, UOBKH Research said total property sales came in at RM1.5bil in FY25 as delayed launches back in 3Q25 resulted in sales coming in at the lower end of IJM's target. Unbilled sales stood at RM1.54bil and going forward, IJM is targeting RM2bil in sales in FY26 in line with its previous guidance prior to the delays. As for the group's British ventures, contributions from its newly acquired JRL Group Holdings Ltd could begin as early as FY26. 'The current construction churn rate for the JRL Group is around £400mil with net margins of between 2% and 3%. 'While JRL is currently loss-making, this is largely due to balance-sheet issues causing project delays, which should be solved via a capital injection,' UOBKH Research said. The research house has a 'buy' rating on the stock with a higher target price of RM3.15 from RM3 before.
Yahoo
2 days ago
- Business
- Yahoo
I've just been sent £170 fine for not paying a parking ticket … six years ago
I have received two letters from National Parking Enforcement Ltd (NPE) demanding £170 for failing 'to correctly use a pay & display machine' in a car park six years ago. It doesn't specify what I did incorrectly – I'm guessing I made a typo when entering my car reg because the buttons on the machines are so faded and Os and zeros look identical. I'm told I face court and a damaged credit rating if I don't stump up. ML, Fakenham It looks as though NPE is hurrying to collect the money before the clock runs down. Private parking operators have to issue a ticket within 14 days of the alleged contravention if sending by post. If it's taped to your windscreen and you fail to pay, the operator has an additional 56 days to send a notice to your home address. You say you never received any notice and were unaware of the alleged debt until the legal threats arrived. Private parking charges are not legally enforceable without a county court judgment, and the statute of limitations bars court action once six years have passed. Related: 'Pay here': the QR code 'quishing' scam targeting drivers The demands you received were sent days before the six years were up, and the deadline has since expired. Moreover, NPE has failed to provide evidence that you breached the terms and conditions. When you demanded details and proof of what you had done wrong it repeated, robotically, that you had used the machine incorrectly. It declared to me that it could not discuss cases with a third party, and refused to answer if, and when, it issued a parking charge notice and why it did not follow up earlier. I believe a court would take a dim view of this, even if it agreed to hear the case, so you could probably ignore it. But if you are worried, I suggest you write to NPE stating that you will not pay unless it provides all those details by a specific date. We welcome letters but cannot answer individually. Email us at or write to Consumer Champions, Money, the Guardian, 90 York Way, London N1 9GU. Please include a daytime phone number. Submission and publication of all letters is subject to our terms and conditions.
The Guardian
2 days ago
- Business
- The Guardian
I've just been sent £170 fine for not paying a parking ticket … six years ago
I have received two letters from National Parking Enforcement Ltd (NPE) demanding £170 for failing 'to correctly use a pay & display machine' in a car park six years ago. It doesn't specify what I did incorrectly – I'm guessing I made a typo when entering my car reg because the buttons on the machines are so faded and Os and zeros look identical. I'm told I face court and a damaged credit rating if I don't stump up. ML, Fakenham It looks as though NPE is hurrying to collect the money before the clock runs down. Private parking operators have to issue a ticket within 14 days of the alleged contravention if sending by post. If it's taped to your windscreen and you fail to pay, the operator has an additional 56 days to send a notice to your home address. You say you never received any notice and were unaware of the alleged debt until the legal threats arrived. Private parking charges are not legally enforceable without a county court judgment, and the statute of limitations bars court action once six years have passed. The demands you received were sent days before the six years were up, and the deadline has since expired. Moreover, NPE has failed to provide evidence that you breached the terms and conditions. When you demanded details and proof of what you had done wrong it repeated, robotically, that you had used the machine incorrectly. It declared to me that it could not discuss cases with a third party, and refused to answer if, and when, it issued a parking charge notice and why it did not follow up earlier. I believe a court would take a dim view of this, even if it agreed to hear the case, so you could probably ignore it. But if you are worried, I suggest you write to NPE stating that you will not pay unless it provides all those details by a specific date. We welcome letters but cannot answer individually. Email us at or write to Consumer Champions, Money, the Guardian, 90 York Way, London N1 9GU. Please include a daytime phone number. Submission and publication of all letters is subject to our terms and conditions.
New Straits Times
5 days ago
- Business
- New Straits Times
IJM Corp's construction book may expand to RM11bil with new deals
KUALA LUMPUR: IJM Corp Bhd is expected to see growth in its construction order book and a pickup in property earnings going into financial year 2026 (FY26). Hong Leong Investment Bank Bhd (HLIB Research) said the group's outstanding order book stands at RM6.6 billion, representing 2.6 times cover on FY25 construction revenue. The firm said IJM's effective order book could expand to RM11.1 billion, including contributions from construction associates JRL Group, which is pending completion, and Hexacon. "Contracts secured in FY25 amounted to RM2.7 billion, falling below management's guidance of RM5 billion, largely due to delays in the NPE extension. Nevertheless, IJM has started FY26 strongly, securing approval for the NPE extension worth RM1.4 billion. "Management is targeting a replenishment rate of RM6 billion to RM8 billion, backed by five to six data centre tenders, Penang LRT Segment 2, and airport jobs, in addition to NPE 2.0 and Nusantara PFI," it said in a note. HLIB Research also anticipates the potential conversion of two Nusantara private finance initiatives in FY26, namely the public housing project worth RM1.5 billion and the 26km multi-utility tunnel project. "In our view, IJM, possibly through a joint venture, could generate returns from availability charges. However, the conversion of the latter could spill over into FY27, in our view," it added. The research house remains upbeat on the group's longer-term prospects in the ports segment. This is supported by investments in MCKIP, the ECRL and the Phase 1 carbon capture, utilisation and storage project under the National Energy Transition Roadmap, which could add five million tonnes per annum of throughput. HLIB Research said toll volumes remained healthy in the fourth quarter and expressed confidence that the NPE restructuring will not result in toll rate cuts in the near term. It noted that IJM has also maintained that plans to monetise mature highways remain in place, though the timing remains uncertain. The firm has kept its 'Buy' call on IJM, raising its target price slightly to RM2.96 from RM2.92. "We continue to see trading opportunities in the stock given its valuation discount to peers, potential contract wins and monetisation news flow. "Key catalysts include contract awards, while risks involve unfavourable restructuring terms, high material costs and labour shortages," it said.
The Sun
26-05-2025
- General
- The Sun
DBKL urged to carefully examine historical elements to be retained in urban redevelopment
KUALA LUMPUR: The Kuala Lumpur City Hall (DBKL) has been urged to carefully examine historical elements to be retained in urban redevelopment involving 139 identified areas, said Communications Minister Datuk Fahmi Fadzil. He said the retention of historical elements is crucial to serve as memories, especially for the original residents of a place, in the pursuit of sustainable and resilient development. 'This area was once a squatter area consisting of wooden houses, due to relocation during the construction of the New Pantai Expressway (NPE). So, there is some history here because some residents, including my staff, were relocated to this area once upon a time. 'So, they have memories of growing up in this area, so that future generations know that before they were born, in previous generations, there was such a community. 'I believe this will help us have strong roots, including in terms of culture, identity, and memories of the place where we were born and raised,' he said. Fahmi, who is also the Member of Parliament for Lembah Pantai, said this when met by reporters after officiating the groundbreaking ceremony for Taman Rimba Bukit Kerinchi at Pantai Sentral Park, developed by IJM Land and Amona Group, here today. Also present were DBKL Planning Executive Director Datuk Zulkurnain Hassan, IJM Land Chief Executive Officer (CEO) Datuk Tony Ling, and Director cum CEO of Amona Group, Datuk Che Hasnadi Che Hassan. Fahmi said that for Lembah Pantai, several areas including Taman Bukit Angkasa have been identified for redevelopment due to housing projects developed 30 to 40 years ago, whereby infrastructure, such as lifts, are now in a dilapidated and worn-out condition. 'To ensure that all residents, especially owners, benefit, we need clear laws. Therefore, DBKL's aspiration to assist in the redevelopment of these 139 areas around Kuala Lumpur needs to move in tandem with a new act, namely the Urban Renewal Act,' he said. Meanwhile, he said thousands of trees, including Meranti Damar, Meranti Daun, and Merawan Siput Jantan species, will be replanted at Taman Rimba Bukit Kerinchi, which is expected to be completed by the end of this year. 'I have asked the developer to consider several aspects, including the history of the area, so that it can be incorporated into the design of the park. 'If we look at the Kuala Lumpur area, there are communities that have long been in certain areas before they were developed, and I hope here we can celebrate that history by incorporating it either in the design or the selection of trees. 'Once upon a time, the Kampung Kerinchi community informed that there were several areas used as places where the community came to find bamboo to be cut and sold, so maybe we can look at what species they are,' he said.
