KUB - A&W

It holds the A&W franchise in Malaysia and Thailand, plans to transform its landmark A&W restaurant in Section 52, PJ into two office towers with a GDV of rm263 million in 2015.

The project will mark KUB’s maiden foray into the property market. Its subsidiary has experience in constructing schools, colleges and stadiums. In 2013, the unit contributed 6% to the group’s revenue.

KUB Malaysia is maintaining its not for sale stance on its 40% stake in A&W Malaysia Sdn Bhd after the loss making fast food chain managed to turn around itself around and made a net profit of rm1.89 million in 2013.

KUB Malaysia said it will not be selling any of its assets or divesting any of its businesses for now (July 2014). Its gearing ratio reduced to 0.28 times and a business yield of 9% in 2013.

It had dismissed reports that it is bidding to build a waste to energy incinerator in Kepong but it plans to bid for more incinerator projects in areas such as Johor, Melaka, and NS.

KUB Malaysia, in a 40:60 JV with Berjaya Corp Bjd, operates a 700 acre landfill in Bukit Tagar, Selangor, under a long term government concession.

As for its agro business, KUB Malaysia targets to grow its land bank particularly in Sabah and Sarawak from its current 20000ha to 50000ha in the next three years from 2014.

The bulk of KUB’s net profit in 2013 was driven by its agro business, which contributed rm10.36 million in net profit.

KUB Malaysia counts UMNO linked Gaya Edisi Sdn Bhd and Minister of Finance Inc as its shareholders with 29.62% and 22.55% stakes respectively.