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Notwithstanding the foregoing
challenges, our businesses generate
strong cash flows which, in
combination with a strong balance
sheet and financial discipline,
should enable us to respond to the
changing market dynamics and
competition as we move forward
and pursue our aspirations.
As a Board, we had spent time in
FYE2019 reviewing our strategies
with the management team in
light of market dynamics, and as
new merger and acquisition and
capital expenditure opportunities
were presented. We remain
acquisitive in nature and will seek
and pursue opportunities in desired
sectors and expand our plantation
landbank, but as always, such
investments will be considered
provided they meet the Group’s
investment returns criteria and the
Board has comfort in the Group’s
gearing and funding capacity.
Appreciation & Acknowledgement
Finally, I would like to close by
thanking the Board for their
guidance and high level of
commitment during the year. I
would also like to thank the Group’s
management team and employees
for their perseverance and hard
work in navigating the bumpy road
we have travelled in the previous
year. Finally, I would like to thank
all our suppliers, business partners
and other stakeholders for their
efforts and contribution in the past
year and to you, our shareholders,
for your continued support and
confidence.
Thank you.
Dato’ Adnan bin Shamsuddin
Chairman
performance
review
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