Outlook of CCB Group

Near-Term Prospects

• Total committed sales for FY2010 up to 31 December 2009 is RM112.2 million, out of which new sales committed this year is RM74.4 million. Total revenue recognised up to 31 October 2009 is
  RM71.8 million.
   
• The Group is expected to remain profitable for FY2010.
   
• Development for Financial Year 2010, 2011 and 2012 (Period covered: 1 Feb 2009 to 31 Jan 2012)

Medium-to-Long Term Prospects

• NCIP will be the main contributor to future Group earnings in the next few years.
   
• We will complete the main access and reclamation works for CLSB Land by FY2011.
   
• An interchange providing access to the Bandar Cemerlang development via the Johor Bahru-Kota Tinggi highway is presently under construction and is scheduled for completion together with the Johor Bahru-Kota Tinggi highway by end of 2010. Phase 1 & 2 of Bandar Cemerlang will commence in FY2013 and this project is
  expected to contribute positively to the revenue and profit of the Group.
   
• The completion of the Sg Johor Bridge project in tandem with the new Senai-Desaru Highway in 2 years time will boost land value of 794-acre landbank in Kota Tinggi. This land has been zoned for mixed development and it is possible to start developing this land in 10 years’ time into a retirement homes cum mixed development
  project.
   
• Education
  - Proposed construction of a new campus for our college which is expected to be in operation by FY2011
  - With the proper campus and hostel facilities, the college will be able to attract foreign students
  - Total project cost of the new campus is expected to be approximately RM6 million