With the locked-in unbilled sales of RM547.3 million (FY2023: RM841.2 million), the Group is well positioned for FY2025 with new and ongoing developments such as MIRAI Residences @ Kajang 2 Precinct 1, Nexus @ Taman Pertama, TR2 Residence @ Jalan Tun Razak, Kajang East Avenue 2 Shops, Akina @ Kajang 2 Precinct 3 Phase 1 and Phase 2, Residensi Naluri and Gaya Residency. These sales will ensure sustainable income recognition for the next two years, with additional contributions from strategically located projects in Kuala Lumpur, Cheras and Kajang. The Group’s planned launches in FY2025 comprising of landed retail shops development known as Kajang 2 Precinct 3 Avenue and MKH Avenue II, landed residential development known as Annya @ Kajang 2 Precinct 3 (Phase 3), low-rise apartment development known as RSKU @ Hillpark Shah Alam and high-rise service apartments known as TR Prestige @ Jln Cochrane Kuala Lumpur with a total estimated GDV of approximately RM835.6 million will be phased according to prevailing market sentiments. Property Development and Construction PROSPECTS THE BOARD IS OPTIMISTIC AND EXPECTS TO ACHIEVE SATISFACTORY RESULTS FOR FINANCIAL YEAR ENDING 30 SEPTEMBER 2025 (FY2025) SUPPORTED BY ONGOING AND PLANNED NEW DEVELOPMENT PROJECTS AS WELL AS PROFIT CONTRIBUTION FROM OUR OIL PALM PLANTATION DIVISION. Plantation Management Discussion and Analysis The CPO prices remain well supported with current CPO price trading at approximately RM3,800 to RM4,000 per MT (net of export levy and duty) in Indonesia due to strong demand and tighter global supply. The CPO prices remain well supported with current CPO price trading at approximately RM3,800 to RM4,000 per MT (net of export levy and duty) in Indonesia due to strong demand and tighter global supply. Supported by enhanced production efficiencies and favourable CPO prices, we anticipate to achieve satisfactory results from our plantation division for FY2025. The Group will continue to expand on the use of mechanical assisted collection of FFB to increase production efficiencies and to maximise oil extraction in the CPO mill. PG. 54 MKH BERHAD ANNUAL REPORT 2024 Laying The Foundation of Excellence Where People Matter Guided by Leadership, Inspired by People Delivering Value That Matters to People
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