Latest news with #Ter
The Star
07-05-2025
- Business
- The Star
Sunsuria launches foundation focused on education, community and environmental sustainability
Education Minister Fadhlina Sidek (centre) together with Ter (sixth from right) and other guests, watering plants at the groundbreaking ceremony for SJK (C) Sunsuria and the Bandar Sunsuria education hub. SHAH ALAM: Sunsuria Bhd is taking a significant step forward in advancing its environmental, social and governance commitments with the launch of Sunsuria Foundation – focused on driving meaningful contributions across three core pillars: education, community and environmental sustainability. 'Since founding Sunsuria Bhd in 1989, we have grown into a purpose-driven organisation committed to shaping a brighter, more sustainable future,' said Sunsuria Bhd founder and executive chairman Tan Sri Ter Leong Yap. 'The launch of the Sunsuria Foundation is a natural extension of this commitment to society.' To commemorate the launch, the foundation has announced a scholarship for students of Xiamen University Malaysia (XMUM), building on a long-standing partnership through which Sunsuria has contributed a cumulative total of RM12mil to date. Beyond financial support, Sunsuria has also invested significant time, effort and manpower to support the establishment and ongoing development of the university — a testament to its enduring commitment to education. 'We are deeply grateful to Sunsuria for their generous support and longstanding relationship with Xiamen University Malaysia,' said Xiamen University Malaysia president Prof Dr Wang Ruifang. 'Sunsuria's continued commitment has played a supportive role in our journey to nurture and empower the next generation of leaders.' Prior to the launch, Sunsuria had already begun building the foundation for its Education pillar through a range of community-focused initiatives. These include scholarships for students of Concord College International School, the distribution of school supplies to preschool children from SK Kota Warisan and support for educational initiatives at Kuen Cheng High School, Pin Hwa High School, Hin Hua High School and SM Tengku Ampuan Rahimah. Sunsuria has also supported education through book donations, health-related assistance, scholarship awards and career development opportunities for young talents. In addition, Sunsuria is contributing to the construction of SJK (C) Sunsuria in Sepang. Sunsuria has also extended support to local communities and environmental initiatives under its community focus area. To date, RM1.31mil has been contributed towards healthcare, children's homes, elderly care and disaster relief. These efforts include the donation of oxygen machines and face masks during the Covid-19 pandemic in response to critical shortages, as well as the community food drive, youth development sponsorships and contributions towards building funds. In support of environmental sustainability, Sunsuria has planted over 5,000 trees in Sunsuria City. The foundation reflects Sunsuria's commitment to meaningful, purpose-driven contributions across education, community wellbeing and environmental sustainability. It aims to broaden its impact and make a lasting positive contribution to society through focused, sustained efforts in these key areas.
Yahoo
01-04-2025
- Business
- Yahoo
Calculating The Fair Value Of Hap Seng Plantations Holdings Berhad (KLSE:HSPLANT)
Using the 2 Stage Free Cash Flow to Equity, Hap Seng Plantations Holdings Berhad fair value estimate is RM2.36 Hap Seng Plantations Holdings Berhad's RM1.96 share price indicates it is trading at similar levels as its fair value estimate Analyst price target for HSPLANT is RM2.40, which is 1.6% above our fair value estimate Today we will run through one way of estimating the intrinsic value of Hap Seng Plantations Holdings Berhad (KLSE:HSPLANT) by taking the expected future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. Believe it or not, it's not too difficult to follow, as you'll see from our example! Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. 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. Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (MYR, Millions) RM141.3m RM123.3m RM113.8m RM108.9m RM106.8m RM106.5m RM107.5m RM109.3m RM111.8m RM114.8m Growth Rate Estimate Source Analyst x1 Analyst x1 Est @ -7.69% Est @ -4.30% Est @ -1.93% Est @ -0.27% Est @ 0.89% Est @ 1.70% Est @ 2.27% Est @ 2.67% Present Value (MYR, Millions) Discounted @ 8.3% RM130 RM105 RM89.5 RM79.1 RM71.6 RM65.9 RM61.3 RM57.6 RM54.3 RM51.5 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = RM766m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (3.6%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.3%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = RM115m× (1 + 3.6%) ÷ (8.3%– 3.6%) = RM2.5b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= RM2.5b÷ ( 1 + 8.3%)10= RM1.1b 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 RM1.9b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of RM2.0, the company appears about fair value at a 17% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. 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. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. 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 Hap Seng Plantations Holdings 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 8.3%, which is based on a levered beta of 0.800. 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 Hap Seng Plantations Holdings Berhad Strength Earnings growth over the past year exceeded the industry. Currently debt free. Dividends are covered by earnings and cash flows. Dividend is in the top 25% of dividend payers in the market. Weakness No major weaknesses identified for HSPLANT. Opportunity Good value based on P/E ratio and estimated fair value. Threat Annual earnings are forecast to decline for the next 3 years. Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or 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. For Hap Seng Plantations Holdings Berhad, we've put together three fundamental items you should further research: Risks: Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Hap Seng Plantations Holdings Berhad (at least 1 which makes us a bit uncomfortable) , and understanding these should be part of your investment process. Future Earnings: How does HSPLANT'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 High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! 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
Yahoo
31-01-2025
- Sport
- Yahoo
12-year-old girl among figure skaters killed in DC plane crash
RIVERDALE, Md. (WFLA) — A 12-year-old Maryland girl was among the figure skaters who were killed after an American Airlines jet and Army helicopter collided near Washington D.C. Wednesday night. The Department of Parks and Recreation in Prince George's County confirmed that 12-year-old Olivia Ter was one of 64 people aboard the American Airlines flight. Rescue crews said Thursday there were no survivors. 'It's a heart broken': Wesley Chapel coach mourns skating couple killed in DC plane crash Ter was returning home from the U.S. Figure Skating National Development Camp in Wichita, Kansas. Officials said she was one of only four elite youth skaters from the region who attended the training camp. The camp serves as a launchpad for athletes vying for a spot on Team USA in the world championships. Ter trained at the Tucker Road Ice Rink in Prince George's County and was a beloved member of the figure skating community. Those who knew her said she excelled in figure skating programs and inspired others through her talent. 'The impact of Olivia's life will continue to resonate in our youth sports community, and she will be sorely missed,' said Bill Tyler, Director of the Maryland-National Capital Park and Planning Commission, Department of Parks and Recreation, Prince George's County. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
