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16 February 2012

New IPO: Sentoria Group

Sentoria Group Berhad (Sentoria) is principally involved in two complementary core business divisions, namely property development and leisure and hospitality. Its property development business division specializes in township developments and resort city developments, while the leisure and hospitality business division owns / leases, manages and operates the hotels / resorts and theme park facilities and attractions.

Its Bukit Gambang Resort City (BGRC) leisure and hospitality facility in Kuantan is the largest integrated resort city in Malaysia that resides on a 547-acre land area and features multiple attractions in a single location.

The Listing Exercise

Future Income Generating Plan...

Looking ahead, Sentoria plans to enhance its recurring income stream from BGRC, by adding new attractions such as Safari Park, Aquarium Park, Adventure Land, and expand the MICE division by constructing a grand ballroom with 3,050 pax capacity to increase the average revenue and length of stay per visitor. Product mix will also be expanded by constructing themed villas (Global Heritage South – Amsterdam, Venice, and Barcelona villa etc) in BGRC, and commercial properties to add development value to acquired land.

As for its property development division, the company is currently looking for opportunities to diversify to other states, such as Selangor and Negeri Sembilan. Currently, it has 237 acres of land, mainly in Kuantan and BGRC, with an estimated GDV of RM1.48bn.

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