MKH Annual Report 2019

019 M K H B E R H A D CHAIRMAN’S STATEMENT Moving forward, we are confident that the Group is well positioned to create sustainable businesses with our TOD model. While the Klang Valley residential market in general is foreseen to remain challenging, we are confident that our strategy of building affordable housing at good location with TOD concept will continue to receive good take up rate. We are also optimistic that crude palm oil (“CPO”) prices will remain well supported in 2020 with the current CPO price trading above RM3,000/MT as at 10 January 2020 at Malaysia Derivatives Exchange. The adoption of B20 and B30 biodiesel mandate in Malaysia and Indonesia respectively in year 2020 will further increase the demand for CPO. We will continue to focus on our efforts to maximise CPO production and operation efficiency. RM 1.12 billion unbilled sales On behalf of the Board of Directors, I would like to express our sincere appreciation and thanks to our valued shareholders, customers, bankers, business associates and regulatory authorities for their continued support towards the Group. I would also like to extend my heartfelt gratitude to my Board members, management team and all employees for their commitment and teamwork towards the Group’s success. I believe that MKH Berhad is well positioned to achieve greater success in year 2020 with the continued support from all of our stakeholders. Thank you. Tan Sri Dato’ Alex Chen Kooi Chiew Group Executive Chairman Kajang 2 is an award-winning integrated township with excellent connectivity. (Artist’s impression only)