MKH Annual Report 2020

CORPORATE INFORMATION 18 ANNUAL REPORT 2020 Chairman’s Statement In line with the good demand for transit-oriented urban development model (“TOD”), MKH has been developing TOD projects that are well-located along the Klang Valley transit system such as Saville @ Cheras (completed project), MKH Boulevard 2, Nexus @ Kajang Station and MIRAI Residences @ Kajang 2 Precinct 1 (ongoing projects) and the upcoming Nexus @ Taman Pertama in Cheras and TR2 Residence @ Jalan Tun Razak, Kuala Lumpur. As at 30 September 2020, the Group recorded an unbilled sales value of RM1.02 billion that is mainly attributable to new and ongoing property development projects namely Hillpark Shah Alam, Kajang 2 Precinct 2, TR Residence, Inspirasi @ Mont Kiara, Kajang East Precinct 1, MKH Boulevard 2, Nexus @ Kajang Station, Bandar Teknologi Kajang Shops, Hillpark 3 Phase 1B Shops, Kajang East Avenue Shops and MIRAI Residences @ Kajang 2 Precinct 1. In recognising the importance of innovation in value creation for our businesses, our oil palm plantation located in East Kalimantan, Indonesia continues to expand on the use of mechanical-assisted collection of fresh fruits bunches (“FFB”) and the use of software apps to ensure efficient FFB evacuation from field to mill. The Plantation Division also utilises drones to enhance our good agriculture practices and monitoring. The combined program assists management to analyse field condition and palm growth; conduct palm census; monitor road access and water flows; mitigate risks such as pest infestations and contribute towards our research capabilities for yield improvement efforts. The Plantation Division is operating as usual albeit with added biosecurity measures against COVID-19. Thorough programs had been implemented to ensure the safety of our workers and neighbouring communities, which had been instrumental to ensure zero occurences of Artist’s impression of the newly launched Kajang 2 Precinct 1 high-rise project, MIRAI Residences