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Overview
Financial Highlight
Headlines
Business Background Landmarks Bhd operates as an investment holding company. Along with its subsidiaries, the company is engaged in the Hospitality and wellness and Resort and destination development segment. In Hospitality and wellness segment it offers the provision of hotel management and wellness services. In Resort and destination development segment it is engaged in the development of resorts and properties. Its properties include The Canopi Resort, The Andaman Resort, and Treasure Bay Bintan. It operates in Malaysia and Indonesia and earns the majority of the revenue from Malaysia from its Hospitality and wellness segment.
  RISK8888 this airport been delay for few time. no progress news so far. Indonesia govt not sure will push for it to open this year? not sure. 21/03/2021 11:15 PM RISK8888 if the price not going up, then please go down back to 20sens. i'm glad to collect more. 21/03/2021 11:16 PM Invest_888 If Malaysian and Indonesian population are 70% vaccinated, this counter will sure fly. But, I think need to take another 1-2 years. 24/03/2021 12:25 PM RISK8888 they keep repeating the same thing bout the airport 2019 say 2020 ready, 2020 say 2021 ready, 2021 say 2022 ready...never ending. no progress picture, no progress video...they not taking it seriously... 24/03/2021 10:48 PM MF0001 MANY STOK STILL SLEEPING MARH LATER BUNGEE JUMP PPL WILL SKED SKED :DDDDDDDDDDDDDDDDDDDDDDDDDDDD 17/05/2021 10:16 AM  Michael Kwok I snap up at 45 cents.Its seem someone buying by in a range of 2-8 millions shares per day.60 cents range a must. 01/07/2021 12:18 PM see2sea Wow..great! Let see the boom..let me experience limit up for Landmark if have..lol 01/07/2021 1:39 PM drken91 https://www.thedatai.com anyone else booked their stay yet? if not, book your tickets here heheh - surely not high-rise condo one.. hehe 14/09/2021 10:46 PM Mc_Wei Landmark CEO, Mark Wee bought into Blumont for $0.0004. Now he wants to sell Blumont shares to Landmark for $0.005 (increase of 1150%) in exchange for Landmark's assets. No wonder Landmark share price won't go up, it's being run by a very "smart" CEO. https://www.businesstimes.com.sg/companies-markets/businessman-mark-wee-owns-514-of-blumont-shares-after-close-of-offer https://www.theedgemarkets.com/article/landmarks-seals-conditional-share-sale-agreements-blumont-worth-s634-mil 01/10/2021 11:18 PM BalaSan This deal to sell land in Bintan to Blumont looks like a shady deal. Mark Wee and Fong Chee Khuen are shareholders in Blumont. One is the CEO, one is the COO of Landmarks. Which hat are they wearing? On what basis did the board members approve this? Landmarks is not selling land to Blumont. No cash is coming in. They are exchanging land in Bintan for shares in Blumont. What is the use of having shares in Blumont? It’s being run by the same group of people. It will be the same result. The land would be sold, they pay themselves salary, no dividends is announced. What does Landmarks benefit to exchange this land for shares in Blumont? When all asset is sold and money spent, what is the 29% stake in Blumont going to be? By then, Mark Wee and his cronies should be good enough to retire. Why is Genting turning a blind eye to what they are doing to the company all these years? Their % in the company has been diluted by the current management. Soon, they will not be the majority shareholder. This deal must be stopped. There should be a change in BOD and management before Landmarks is stripped of everything. 15/10/2021 6:35 PM Mc_Wei Landmark CEO is slowly transferring all Landmarks assets to Blumont, a company with net assets worth $2.7m only. Who would want to buy Landmark anymore? Landmark major shareholder Genting still sleeping, maybe not aware. 20/11/2021 1:03 AM  Musang King It's OK as long as our Landmark NTA is still intact after this exercise. The control of Bintan Project Developments and Financing are now passed over to the Blumont Group in S'pore. 30/03/2022 6:29 PM Mc_Wei Blumont NTA is $0.0001. Market price is $0.004. P/NTA is 40x. Blumont will buy Landmark assets by issuing its own shares to Landmark at hyperinflated price at $0.005 31/03/2022 6:37 PM Mc_Wei From Landmark's circular part 1, page 90 (dated 24.3.2022). They already mentioned "significantly large premium". All the best to Landmark shareholders. As for the justification to the NA per Blumont Share of SGDO.0001 as compared to the Issue Price, which is at a significantly large premium, which is not detrimental to the non-interested shareholders of Landmarks premised on the followings: (i) the Issue Price to be issued pursuant to the Proposed Disposals, represent a Significantly large premium as compared to the NTA per share attributable to the owners of Blumont based on the audited financial statements for the FYE 31 December 2020 of SGDO.0001 . However, assuming that the Proposed Disposals had been completed on 31 December 2020, being the end of the most recently completed financial year of Blumont Group, the pro forma NT A attributable to the owners of Blumont is expected to be at SGD78.72 million with the pro forma NTA per Blumont Share is expected to increase to SGDO.0018. The NTA of Blumont may improve further in the mid to long term period when the Target Companies start generating profits, of which Blumont will be able to operate the Natra Bintan Hotel within a shorter time frame. 31/03/2022 6:39 PM BalaSan Good luck to Landmarks on this deal if it goes through. Blumont gets the revenue generating assets like Natra along with some plots of land that they now own and can sell. In return they give shares to Landmarks. To me, it’s like exchange revenue generating business and plots of land for toilet paper. Landmark’s NTA is most probably inflated and not updated. If you believe that their asset is worth that much, you would be in for a surprise when it’s time to sell. Landmarks is left with only Anmon to generate cash. It will not cover the cost of KL and Singapore office. It will not even cover the cost of maintaining the operations of Bintan. I wonder how are they also going to repay their loan regularly. 05/04/2022 12:53 PM  speakup https://www.thestar.com.my/news/nation/2022/04/14/malaysians-have-booked-holidays-until-2023 nobody cuti cuti malaysia? 14/04/2022 2:09 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
