Latest news with #RM1.64
The Sun
26-05-2025
- The Sun
Customs seize 272 tonnes of scrap iron worth RM1.64 million
KLANG: The Selangor Royal Malaysian Customs Department (JKDM) seized 272.6 tonnes of scrap iron worth RM1.64 million that was illegally brought in, following the detention of 14 containers at West Port Free Zone recently. Assistant Director-General of Customs (Enforcement) Raizam Setapa @ Mustapha said all the goods were confiscated after a series of inspections and seizure conducted by his department last April. He said preliminary investigations revealed that the scrap metal was imported from several countries in the Americas, Europe, and Asia, and is believed to have been brought in for recycling purposes in this country. 'Inspections found that the goods were declared as copper alloy, alternators, and used vehicle components, including aluminum powder, in Customs Form 1 to mislead the authorities. 'All the goods confirmed as scrap iron were seized for not having an Import Permit issued by the Standards and Industrial Research Institute of Malaysia (SIRIM) as outlined under Item 5, Part 1, Fourth Schedule, Customs (Prohibition of Imports) Order 2023,' he said during a press conference at Wisma Kastam, Pulau Indah here today. In other developments, Raizam said JKDM Selangor also seized 26,238 liters of alcoholic beverages worth RM188,724 after detaining a 40-foot container on May 6. He said the container arrived at Port Klang on April 22, with the goods declared as furniture. Raizam also stated that his department successfully foiled attempts to smuggle five types of commodities, including rice, chewing tobacco, and 21 units of washing machines and clothes dryers, with a total value of RM3.5 million through seizures involving the West and North Port Free Zone areas throughout April and May. 'All cases are being investigated under Section 135(1)(a) of the Customs Act 1967 for importing prohibited goods contrary to a prohibition and Section 133(1)(a) of the same act for making false declarations,' he said.
Barnama
26-05-2025
- Barnama
Customs Seize 272 Tonnes Of Scrap Iron Worth RM1.64 Million
KLANG, May 26 (Bernama) -- The Selangor Royal Malaysian Customs Department (JKDM) seized 272.6 tonnes of scrap iron worth RM1.64 million that was illegally brought in, following the detention of 14 containers at West Port Free Zone recently. Assistant Director-General of Customs (Enforcement) Raizam Setapa @ Mustapha said all the goods were confiscated after a series of inspections and seizure conducted by his department last April. He said preliminary investigations revealed that the scrap metal was imported from several countries in the Americas, Europe, and Asia, and is believed to have been brought in for recycling purposes in this country. "Inspections found that the goods were declared as copper alloy, alternators, and used vehicle components, including aluminum powder, in Customs Form 1 to mislead the authorities. "All the goods confirmed as scrap iron were seized for not having an Import Permit issued by the Standards and Industrial Research Institute of Malaysia (SIRIM) as outlined under Item 5, Part 1, Fourth Schedule, Customs (Prohibition of Imports) Order 2023," he said during a press conference at Wisma Kastam, Pulau Indah here today. In other developments, Raizam said JKDM Selangor also seized 26,238 liters of alcoholic beverages worth RM188,724 after detaining a 40-foot container on May 6. He said the container arrived at Port Klang on April 22, with the goods declared as furniture. Raizam also stated that his department successfully foiled attempts to smuggle five types of commodities, including rice, chewing tobacco, and 21 units of washing machines and clothes dryers, with a total value of RM3.5 million through seizures involving the West and North Port Free Zone areas throughout April and May. "All cases are being investigated under Section 135(1)(a) of the Customs Act 1967 for importing prohibited goods contrary to a prohibition and Section 133(1)(a) of the same act for making false declarations," he said.
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New Straits Times
26-05-2025
- New Straits Times
[UPDATED] Customs seizes RM1.64mil worth of smuggled scrap metal in Port Klang
KLANG: Over 272.6 tonnes of smuggled scrap metal worth RM1.64 million have been seized by the Customs Department. It also thwarted four other smuggling attempts involving illicit beer, electrical appliances, rice, and chewing tobacco, valued at an additional RM1.87 million. Customs Department assistant director general (enforcement) Raizam Setapa @ Mustafa said that a total of 14 shipping containers were detained last month at the West Port Free Zone. "Inspections revealed the contents were declared as copper alloy, alternators, used car parts, and aluminium flakes originating from the US, Europe, and Asia," she told reporters at Wisma Kastam, Pulau Indah, today. She said that scrap metal was subject to an import permit issued by Sirim, as it is prohibited under Schedule 4 of the Customs Order (Prohibition on Imports) 2023. "Our investigations found that the scrap metal was brought in by various importers without the necessary documentation. "We believe these importers intended to use the scrap metal for recycling activities," she added, adding that the shipments were initially flagged for further inspection to determine whether the contents were e-waste or scrap metal. Subsequent analysis confirmed that the shipments contained scrap metal, not e-waste. Meanwhile, Raizam said that 51,138 tins of illicit beer worth RM978,319 were seized on May 6 following an inspection of a container at North Port. "Checks showed the shipment came from a neighbouring country and was falsely declared as chairs. "We believe the beer was smuggled into Malaysia to be sold on the black market," she said. Raizam said that her officers foiled three other smuggling attempts in April involving rice worth RM304,640, chewing tobacco worth RM65,785, and washing machines and dryers worth RM521,400. "Inspections revealed these goods were smuggled via four shipping containers and falsely declared as foodstuffs, pan masala, and women's sandals to avoid detection," she said. All five cases are currently under investigation under Section 135(1)(a) of the Customs Act 1967 for false declaration. If convicted, offenders may be fined not less than 10 times the value of the goods or RM100,000, whichever is greater, and not more than 20 times the value of the goods or RM500,000, whichever is greater, or be imprisoned for not less than six months and not more than five years, or both. Those with information on smuggling activities are urged to contact the Customs Department Hotline at 1800 88 8855 or visit the nearest Customs Department office. Informants' identities will be kept strictly confidential.
New Straits Times
26-05-2025
- New Straits Times
Customs seizes smuggled scrap metal worth RM1.64 million in Port Klang
KLANG: The Customs Department has seized over 272.6 tonnes of smuggled scrap metal worth RM1.64 million after seizing 14 shipping containers at the West Port Free Zone here last month. They also thwarted four other smuggling attempts involving illicit beer, electrical appliances, rice, and chewing tobacco worth an additional RM1.87 million. Customs Department Assistant Director General (Enforcement) Raizam Setapa @ Mustafa, speaking at a press conference at Wisma Kastam in Pulau Indah here today, said checks revealed that the contents were declared as copper alloy, alternators, used car parts and aluminium flakes. The materials, she said, originated from America, Europe and Asia.
Yahoo
31-03-2025
- Business
- Yahoo
Is Kerjaya Prospek Group Berhad (KLSE:KERJAYA) Worth RM2.1 Based On Its Intrinsic Value?
The projected fair value for Kerjaya Prospek Group Berhad is RM1.64 based on 2 Stage Free Cash Flow to Equity Kerjaya Prospek Group Berhad is estimated to be 27% overvalued based on current share price of RM2.07 Our fair value estimate is 33% lower than Kerjaya Prospek Group Berhad's analyst price target of RM2.45 How far off is Kerjaya Prospek Group Berhad (KLSE:KERJAYA) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow. Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model. We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (MYR, Millions) RM40.4m RM127.3m RM135.1m RM142.4m RM149.2m RM155.9m RM162.5m RM169.0m RM175.6m RM182.3m Growth Rate Estimate Source Analyst x1 Analyst x1 Est @ 6.13% Est @ 5.37% Est @ 4.84% Est @ 4.47% Est @ 4.21% Est @ 4.03% Est @ 3.90% Est @ 3.81% Present Value (MYR, Millions) Discounted @ 9.7% RM36.8 RM106 RM102 RM98.2 RM93.9 RM89.4 RM84.9 RM80.5 RM76.2 RM72.1 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = RM840m The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 3.6%. We discount the terminal cash flows to today's value at a cost of equity of 9.7%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = RM182m× (1 + 3.6%) ÷ (9.7%– 3.6%) = RM3.1b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= RM3.1b÷ ( 1 + 9.7%)10= RM1.2b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is RM2.1b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of RM2.1, the company appears slightly overvalued at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Kerjaya Prospek Group Berhad as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 9.7%, which is based on a levered beta of 1.031. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for Kerjaya Prospek Group Berhad Strength Earnings growth over the past year exceeded its 5-year average. Debt is not viewed as a risk. Dividends are covered by earnings and cash flows. Dividend is in the top 25% of dividend payers in the market. Weakness Earnings growth over the past year underperformed the Construction industry. Opportunity Annual earnings are forecast to grow faster than the Malaysian market. Good value based on P/E ratio compared to estimated Fair P/E ratio. Threat Revenue is forecast to grow slower than 20% per year. Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. What is the reason for the share price exceeding the intrinsic value? For Kerjaya Prospek Group Berhad, we've compiled three essential elements you should further research: Risks: As an example, we've found 1 warning sign for Kerjaya Prospek Group Berhad that you need to consider before investing here. Future Earnings: How does KERJAYA's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. Simply Wall St updates its DCF calculation for every Malaysian stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
