NICORP (4464) : Nicorp - A Tale of 3
So who is Hud Abu Bakar actually?
Nicorp - Foraging into Properties?
Ar.
Hud Bin Abu Bakar is one of the core principal for the well known
architecture firm - RSP Group. A UC Berkeley graduate with Master of
Architecture in 1988, Hud Abu Bakar had been putting in different taste
of designs and creativity into the masterpieces and land marks in Kuala
Lumpur.Under his belt, he had proven his abilities through spectacular landmarks like Felda Tower, Miti HQ, Menara BIMB, Matrade Center, Paradigm Mall, KL Hilton, Le Meridian Hotel, Great Eastern Mall, Platinum Park KLCC and many other top notch development that had been undertaken by reputable developer.
His work recognition had earned him distinguish awards such as FIABCI award, Asia Pacific Property Awards, PAM Award and The Edge Dream Home Award.
With his current appointment as the Executive Director of Nicorp, bringing his expertise of architecture and designs with him, Nicorp will be marking for a remarkable come back. After a series of rife speculation on Nicorp which might possibly run into the oil and gas sector, the emergence of Hud Abu Bakar had definitely turn the game around and this time around, Nicorp will have a higher chance of foraying into the property market.
In the big property market with a lot of different players, a strong and above the par position will definitely put you ahead of any other competitor. While Tan Sri Liew Kee Sin will be always regarded as the life and heartbeat of SPSetia back then, his departure from SPSetia into EcoWorld had definitely left SPSetia as a company without the kind of vision that it used to have for a moment.
Hud Abu Bakar had been spending 24 years putting up stylish end into his artwork for big developers and government, and this could be a good time for Hud Abu Bakar to come out with another masterpiece, however, this time should be selling under his own flagship should Nicorp had become the intended vehicle for Hud Abu Bakar to take off his plans.
As one of the top notch architect in Malaysia, Hud Abu Bakar is highly sought after because of his inspirational and creative designs which had been never failed to deliver.
Now with the latest appointment as the executive director of Nicorp, Nicorp vague direction had just becoming clearer after a series of top management reshuffling. With a team that comprises of Dato Siaw Swee Hin, Dato Abdel Aziz and Hud Abu Bakar in the executive position in Nicorp, what will Nicorp become in the coming days had just became more and more interesting, while the current stakes are high that Nicorp might foray into the property development.
Looking at the development that had been happening in Nicorp, no doubt that Nicorp future development will be an interesting with big and bigger names appearing in the management level of Nicorp. At the level of RM 0.12, Nicorp will be a good price to lock into as the same price of private placement exercise that was placed out 3 months ago, while most of the accumulation from Dato Siaw and Dato Abdel Aziz had also been at the range of RM 0.115 to RM 0.125.
Deciding whether to buy a ticket for a Nicorp mega show down? You decide.
Bone's short term TP : RM 0.25 (Maintained)
Cheers and have a nice day.
Regards,
Bone
http://bonescythe.blogspot.com
