Management Discussion and Analysis

Financial Review

The Group’s revenue in the current financial year ended 30 June 2018 (“FY2018”) decreased by RM 7.4 million or 4.1 % as compared to the immediate preceding financial year ended 30 June 2017 (“FY2017”). The decrease was mainly due to lower property development sales.

Despite the lower Group revenue in FY2018, the profit net of tax attributable to ordinary shareholders increased by RM17.4 million or 73.3% as compared to FY2017. The increase was mainly due to a one-time gain from an investment realization.

As at 30 June 2018, the Group’s cash position remains positive with cash and bank balances of RM82.6 million and short term investments of RM86.4 Million.

Operations Review

Property Development

The property development business contribution to the Group’s profit before tax was RM44.4 million in FY2018 compared to RM35.5 million in FY2017.

Taman Daiman Jaya

Taman Daiman Jaya offers an affordable range of products priced below RM500,000. In FY2018, the development at Taman Daiman Jaya registered record revenue of RM34.3 million with a take up rate of 68% for Precinct Permata comprising 117 units double-storey terrace houses.

Precinct Nilam, a gated and guarded housing scheme for 8 units of double-storey semi-detached houses and 48 units of double-storey cluster houses registered a take up rate of 88% since its initial launch.

During FY 2018, the property development also recorded sales of double-storey terrace houses in Precinct 2B2 and 2C2 which registered a take up rate of 24% since its launch.

Taman Gaya

Taman Gaya registered revenue of RM46.7 million compared to RM46.1 in FY2017. The revenue were mainly from the Precinct Arista Phase 1, which consists of 56 units of cluster houses and 16 units of semi-detached.

With the new sales gallery at Taman Gaya, the commercial land on which the old sales gallery and site office are located has been freed up for commercial purposes. The Group plans to create an F&B hub named ‘The Gaya Garden’ to attract F&B operators for future recurring income stream. Currently, the old sales gallery building is leased to a Thai Food restaurant. Further marketing efforts continue to fill the space. An investment of approximately RM9.0 million has been approved for this project.

The demand for landed residential property in south Johor, especially in the matured township near city center, is still encouraging despite the slowdown in the property market. However, there are many ongoing challenges such as uncertainty of government policy on the low-cost and bumi-lot release application, introducing development charge for property development, shortage of construction workers and continuous precautionary measures taken by the financial institution on end-financing would post further burden to the developers in their project launching.

Property Investment

Property investment division maintained its revenue at RM12.3 million as compared to RM12.5 million in FY 2017. The new supply of office and commercial space continue to enter into the market, mostly in the Iskandar/Medini area. Profit before tax maintains at RM5.2 million in FY2018 despite challenging circumstances.

The four properties are expected to contribute positively to revenue in spite of the fact that the office sector will be challenging going forward. The office space market continues to see aggressive negotiation for renewal rates.

  • Menara Landmark

The office sector suffers from an increase in over supply. Occupancy rate for Johor Bahru Town area shows a descending trend as new office space draws tenants out of the Johor Bahru Town area.

Demand for the Medical Suites remain stable, with no significant increase in occupancy. The team continues to aggressively market the available space. Space is made available even for non-medical businesses.

The car park continues to provide a steady stream of income due to a strong base of season parking and consistent hourly parking demand.

  • Wisma Daiman

Office demand at Jalan Tebrau remains stagnant. The anchor tenant, Public Bank continues to contribute significantly to revenue. Management has explored different options and carried out various feasibilities for this building. Major challenges are the lack of carparks and the new competition from Tebrau One and South Key. Occupancy of Wisma Daiman is expected to drop significantly with the departure of tenants with no new sign ups in sight.

  • Daiman Apartments

The apartments are close to the Causeway and are fully leased out to workers in Singapore.

  • Courts Setapak

The commercial building in Setapak Kuala Lumpur remains fully leased to Courts Malaysia. Tenancy was signed for long term. No significant changes are expected.

Hotel Operations

The hospitality division delivered a revenue of RM57.4 million in FY2018 compared to RM54.2 million in FY2017. The loss before tax was reduced to RM5.6 million from RM7.5 million in FY2017.

The DoubleTree by Hilton hotel’s revenue, average daily rate and gross operating profit met forecasts and are expected to grow year on year. The hotel is expected to contribute positively to the Group’s cash flow.

Under Hilton’s management, the 4 star hotel establishment continues to attract strong corporate and leisure customers because of its strategic location and competitive product offerings. Strong domestic and Singaporean demand gave the hotel stable occupancy both during the weekdays and weekends.

The F&B offerings in the hotel cater to a wide range of consumer needs from both in-house guests and non-guest diners. ‘Makan Kitchen’ showcased several guest chefs from other Hilton Properties to differentiate the buffet offering. Ramadan and other banquet events all proved to be popular. Tosca, the Italian restaurant, has developed an identity and now has a strong following.

Management and hotel operations meet regularly to discuss revenue growth, cost management and profitability. Revenues and profitability are expected to remain stable with consistent growth. There are no significant capital expenditure expected in the next financial year.

Leisure and Recreation

The leisure and recreation business generated RM9.6 million in revenue and a profit before tax of RM913,000 in FY2018 compared to RM9.5 million in revenue and loss before tax of RM94,000 respectively in FY2017. The profit before tax increase is mainly due to the higher income from green fees and reversal of impairment losses on property, plant and equipment in Daiman 18 Golf.

Management carried out a detailed study of the sports business and has started to grow this business. Demand for sports facilities will continue to grow as Malaysians become more health conscious on the back of the Government’s encouragement in sports activities.

  • Golf

A new driving range has been constructed. It was opened for business in July 2017. The F&B business will be enhanced with a new café and an additional banquet ballroom. These will add positive revenue streams to the Group.

  • Sports Complex

Daiman Johor Jaya Sports Complex houses a variety of sports activities. Swimming, badminton and futsal have become popular sports.

  • Bowling Centre

Bowling remains extremely popular with the local market. Daiman Bowl remains profitable and remains as the most popular bowling centre in Johor. No significant changes or capital expenditure are expected.

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Privacy Policy

PERSONAL DATA PROTECTION ACT NOTICE  (PROPERTY DEVELOPMENT) - ENGLISH VERSION

We appreciate your support and value the relationship we have with you as our purchasers, customers, associates, or registrants in our projects.

For the purpose of this Privacy Notice, the terms "we", “our” and "us" shall refer to any company or representative within Daiman Group (collectively, “Daiman Group”) and the terms "you" and “your” shall refer to yourself and/or such other persons or companies represented by you of which you are providing Personal Data.

In compliance with the Personal Data Protection Act 2010, we are currently undertaking an exercise to notify all our valued purchasers, customers, associates, and registrants that we process personal information made available to us.  We have been maintaining your personal information for a variety of purposes such as sales and purchase transactions, general property administration purposes as well as informing you first hand on our up-coming launches of new products, sales promotions or loyalty programs available, as well as updating you on the latest progress of our developments from time to time with the aim of serving you better.

Such Personal Data which you may provide or make available to Daiman Group include information concerning your personal details (such as name, identity card number, passport number, date of birth, age, gender, race, nationality), contact details and any other relevant information that you had disclosed to Daiman Group as may be updated from time to time.

In the event you furnish or make available to Daiman Group any Personal Data relating to a third party eg information of spouse, children, parents, directors, shareholders and/or guarantors (collectively the “Relevant Persons”) you represent that you have obtained the consent of the Relevant Persons to provide Daiman Group with their Personal Data and for Daiman Group to collect, use, disclose and process their Personal Data for the respective purposes.

As you have provided us with your personal data and information, we would like you to feel secure about us processing these data and information.  We are writing this notice to you to help you understand the purposes we collect and process your personal data and information.  Your personal data and information will be used within the Daiman Group of Companies and parties associated with your sales and purchase or lease transactions with us such as the lawyers, banks, financial institutions, and other parties deemed relevant.


DATA COLLECT

Daiman Group collects your Personal Data in various ways, in printed or electronic forms through digital and mobile platforms, such as:

  1. when you register or update an online profile or when you complete or update your information with Daiman Group;
  2. when you submit forms and/or documents to Daiman Group relating to any of our products and/or services as well as products and/or services by third party service providers;
  3. when you enter into any transactions with Daiman Group;
  4. when you make payment related to any transactions with Daiman Group;
  5. when you interact with Daiman Group’s staff;
  6. from your personalised preference through the use of Daiman Group’s website;
  7. when you participate in Daiman Group’s contests, events, market research and surveys;
  8. from information obtained independently by Daiman Group from other lawful sources;


PURPOSES

The personal data and information you provided will be collected, used and otherwise processed by us for, amongst others, the following purposes :

  1. To inform you on impending new product launches and send requested information such as brochures, flyers, promotional campaigns, etc. to you via conventional mail, e-mail, telecommunication means (telephone calls or text messages) or social media.
  2. To enter into the necessary agreement and/or contract with you in the purchase or lease of products/properties from our company.
  3. To send/serve/deliver notices, information updates, and other necessary correspondences to you.
  4. To collect outstanding payments (if any) from you.
  5. To help conduct credit assessments on your behalf, if end-financing is required.
  6. To update our customer relationship management procedures and internal record keeping.
  7. To meet any legal or regulatory requirements relating to our provision of services and products and to make disclosure under the requirements of any applicable law, regulation, direction, court order, by-law, guideline, circular, code applicable to any member companies of our Group.
  8. To update you on the progress of our developments from time to time.
  9. To facilitate vacant possession, keys handover, property/real estate management, customer care and/or defect rectification works.
  10. To provide post vacant possession services such as continuation of security services, club house services (if any), and customer loyalty programs.
  11. To communicate and ensure customer satisfaction which may include conducting surveys to improve the quality of our products and services, and responding to inquiries and complaints and to generally resolve disputes.
  12. For our own internal marketing survey on the profile of the people who expressed interests in our products/projects and their preferences on the types of products/properties.
  13. Compliance with internal policies and procedures including without limitation to risk management, product planning, insurance, audit and administrative purposes.

We would like to continuously communicate with you on our projects, products, services and other matters with you from time to time. Unless you inform us otherwise, by receiving this Notice you consent to our collection and use of your personal data and information for the purposes stated herein.

You may request for access to, correction, or deletion of your personal information at any time hereafter.  Such requests may be channeled via post, email, or facsimile transmission to the following address:

Sales & Marketing Department,

Daiman Group of Companies,
Level 32, Menara Landmark,
No. 12, Jalan Ngee Heng,
80000 Johor Bahru, Johor, Malaysia.
Tel Number                  : 607-2255 888
Facsimile Number       : 607-2255 999
Email                           : daiman@daiman.com.my

________________________________________________________________________________________________________                       

NOTIS PERLINDUNGAN MAKLUMAT DAN DATA PERIBADI (BAHAGIAN HARTANAH) - MALAY VERSION

Kami menghargai sokongan dan hubungan kami dengan anda sebagai pembeli, pelanggan, syarikat bersekutu, atau pendaftar di dalam projek kami.

Tujuan Notis Privasi ini, istilah "kami" merujuk kepada mana-mana syarikat atau wakil dalam Daiman Group (secara kolektif, “Daiman Group”)  dan istilah "anda" merujuk kepada diri anda dan / atau individual lain atau syarikat yang diwakili oleh anda dimana anda berikan maklumat dan Data Peribadi.

Selaras dengan Akta Perlindungan Data Peribadi 2010, kami sedang menjalankan latihan untuk memaklumkan semua pembeli, pelanggan, syarikat bersekutu dan pendaftar kami bahawa kami memproses maklumat peribadi yang tersedia kepada kami. Kami telah mengekalkan maklumat peribadi anda untuk pelbagai tujuan seperti urus niaga jualan dan pembelian, tujuan pentadbiran harta umum serta memaklumkan kepada anda terlebih dahulu mengenai pelancaran produk baru, promosi jualan atau program royalti yang tersedia, serta memaklumkan anda mengenai perkembangan terkini berkenaan dengan pembangunan kami dari semasa ke semasa dengan tujuan untuk memberi servis yang lebih baik.

Data Peribadi yang anda berikan atau disediakan kepada Daiman Group termasuk maklumat mengenai butiran peribadi anda (seperti nama, nombor kad pengenalan, nombor pasport, tarikh lahir, umur, jantina, bangsa, kewarganegaraan), telefon dan / atau nombor telefon bimbit dan  perkara lain yang berkaitan dengan maklumat yang telah anda dedahkan kepada Daiman Group sebagaimana yang dikemaskini dari semasa ke semasa.

Sekiranya anda memberi atau menyediakan apa-apa Data Peribadi kepada Daiman Group yang berkaitan dengan pihak ketiga misalnya maklumat pasangan, anak, ibu bapa, pengarah, pemegang saham dan / atau penjamin (secara kolektif "Orang Yang Berkaitan") yang anda nyatakan bahawa anda telah memperolehi persetujuan “Orang Yang Berkaitan” untuk menyediakan Data Peribadi mereka kepada Daiman Group untuk mengumpul, menggunakan, mendedah dan memproses Data Peribadi mereka untuk tujuan yang bersesuaian.

Kami ingin memastikan bahawa anda merasa Data Peribadi anda dilindungi apabila kami memproses data dan maklumat yang anda berikan kepada kami. Kami menulis notis ini kepada anda untuk membantu anda memahami tujuan kami mengumpul dan memproses maklumat dan Data Peribadi anda. Maklumat dan Data Peribadi anda akan digunakan dalam Daiman Group dan pihak yang berkaitan dengan urus niaga jualan dan pembelian atau pajakan dengan kami seperti peguam, bank, institusi kewangan, dan pihak lain yang dianggap relevan.

 
KOLEKSI DATA PERIBADI

Daiman Group mengumpul Data Peribadi anda dalam pelbagai cara, dalam bentuk cetakan atau elektronik melalui platform digital dan mudah alih, seperti:

  1. apabila anda mendaftar atau mengemas kini profil dalam talian atau apabila anda melengkapkan atau mengemas kini maklumat anda dengan Daiman Group;
  2. apabila anda menghantar borang dan / atau dokumen kepada Daiman Group berkaitan dengan mana-mana produk dan / atau perkhidmatan kami serta produk dan / atau perkhidmatan oleh pembekal perkhidmatan pihak ketiga;
  3. apabila anda membuat sebarang transaksi dengan Daiman Group;
  4. apabila anda melakukan pembayaran yang berkaitan dengan sebarang transaksi dengan Daiman Group;
  5. apabila anda berinteraksi dengan kakitangan Daiman Group;
  6. daripada keutamaan peribadi anda melalui penggunaan laman web Daiman Group;
  7. apabila anda menyertai pertandingan, acara, penyelidikan pasaran dan tinjauan Daiman Group;
  8. daripada maklumat yang diperoleh secara bebas oleh Daiman Group dari sumber lain yang sah;

 
TUJUAN

Maklumat dan Data Peribadi yang anda sediakan akan dikumpulkan, digunakan dan diproses oleh kami untuk, antara lain, tujuan-tujuan yang bersesuaian seperti berikut:

  1. Untuk memaklumkan kepada anda mengenai pelancaran produk baru dan menghantar maklumat yang diminta seperti brosur, risalah, kempen promosi, dan lain-lain kepada anda melalui pos konvensional, e-mel, cara telekomunikasi (panggilan telefon atau mesej teks) atau media sosial.
  2. Untuk membuat perjanjian dan / atau kontrak yang perlu dengan anda dalam pembelian atau pajakan produk / hartanah dari syarikat kami.
  3. Untuk menghantar / menyampaikan / penghantaran notis, maklumat terkini, dan lain-lain surat-menyurat yang diperlukan untuk anda.
  4. Untuk mengumpul bayaran tertunggak (jika ada) daripada anda.
  5. Untuk membantu menjalankan penilaian kredit bagi pihak anda, jika pembiayaan akhir diperlukan.
  6. Untuk mengemas kini prosedur pengurusan hubungan pelanggan dan penyimpanan rekod dalaman.
  7. Untuk memenuhi apa-apa keperluan undang-undang atau pengawalseliaan yang berhubungan dengan penyediaan perkhidmatan dan produk kami dan untuk membuat pendedahan di bawah kehendak mana-mana undang-undang, peraturan, arahan, perintah mahkamah, undang-undang kecil, garis panduan, pekeliling, kod yang terpakai kepada mana-mana syarikat anggota Kumpulan kami.
  8. Mengemas kini perkembangan kemajuan kami dari semasa ke semasa.
  9. Untuk memudahkan pemilikan kosong, penyerahan kunci, pengurusan hartanah / hartanah, penjagaan pelanggan dan / atau kerja pembaikan kerosakan / kecacatan.
  10. Memberi perkhidmatan pemilikan kosong seperti meneruskan perkhidmatan keselamatan, perkhidmatan rumah kelab (jika ada), dan program kesetiaan pelanggan.
  11. Untuk berkomunikasi dan memastikan kepuasan pelanggan yang mungkin termasuk menjalankan tinjauan untuk meningkatkan kualiti produk dan perkhidmatan kami, dan bertindak balas kepada pertanyaan dan aduan dan secara umumnya menyelesaikan pertikaian.
  12. Untuk tinjauan pemasaran dalaman kami mengenai profil orang-orang yang menyatakan kepentingan dalam produk / projek kami dan pilihan mereka mengenai jenis produk / hartanah.
  13. Pematuhan terhadap prosedur dan polisi dalaman adalah termasuk risiko pengurusan tanpa had, perancangan produk, insurans, audit dan tujuan pentadbiran.

Kami ingin terus berkomunikasi dengan anda mengenai projek, produk, perkhidmatan dan perkara-perkara lain dengan anda dari semasa ke semasa. Melainkan jika anda memaklumkan kepada kami sebaliknya, dengan menerima Notis ini anda bersetuju dengan pengumpulan dan penggunaan data dan maklumat peribadi anda untuk tujuan yang dinyatakan di sini.

Anda boleh meminta untuk mengakses, membetulkan, atau memotong maklumat peribadi anda pada bila-bila masa selepas itu. Permintaan tersebut boleh disalurkan melalui pos, e-mel, atau penghantaran faksimili ke alamat berikut:

Bahagian Jualan & Pemasaran,

Daiman Group,
Tingkat 32, Menara Landmark,
No. 12, Jalan Ngee Heng,
80000 Johor Bahru, Johor, Malaysia.
Tel                       : 607-2255 888
No Faks               : 607-2255 999
E-mel                   : daiman@daiman.com.my

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