SIME DARBY PROPERTY BERHAD

KLSE (MYR): SIMEPROP (5288)

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Last Price

1.24

Today's Change

0.00 (0.00%)

Day's Change

1.21 - 1.26

Trading Volume

38,120,000

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Discussions
2 people like this. Showing 50 of 1,351 comments

macai

KUALA LUMPUR (May 23): Sime Darby Property Bhd (KL:SIMEPROP) said on Thursday it will build and lease out a hyperscale data centre at its Elmina Business Park in a deal worth RM2 billion.
The project is expected to be completed in 2026, the developer said in a statement. Once construction is completed, it will sign a 20-year lease with an undisclosed US-based multinational technology corporation.

1 week ago

kahfui1221

Looks like Simeprop is joining the data center theme 😀

1 week ago

kritikos

i see fr Zeff's FB that the data centre is for Google...

1 week ago

Mabel

#tatwaiwong Mr mabel,ur story 2021 years lol,say at now.what u need?Hahahahahaha
21/05/2024 1:19 PM

That's Part 1. This is Part 2...

Sime Darby Property Beat expectations and will join YTL Power to build Data Centre.

SDPR's 1Q24 core net profit of MYR124m (+1.2x YoY, -17% QoQ) positively surprised. 3M24 locked-in sales of MYR956m were also above our/management forecast/target. We raise FY24-26 earnings forecasts by +9% to +17% and TP to MYR1.13 (+27sen) on a higher 0.8x rolled forward FY25E P/B (+1SD to mean). The higher P/B is to reflect SDPRs strong position to benefit from rising demand for industrial properties in the Klang Valley.

In addition, Sime Darby Property Bhd (KL:SIMEPROP) said on Thursday it will build and lease out a hyperscale data centre at its Elmina Business Park in a deal worth RM2 billion, marking the group’s entry into the data centre segment.

The project is expected to begin in the second quarter of this year, and be completed in 2026, the developer said in a bourse filing. Once construction is completed, the group will sign a 20-year lease with Pearl Computing Malaysia Sdn Bhd — a wholly-owned unit of Singapore-based Raiden APAC Pte Ltd — with options to renew for two additional five-year terms.

To Our Success !

Meow

1 week ago

Mabel

*Record Highs for SIMEPROP*

Sime Darby Property (SIMEPROP) reported on 21 May’24 (Tuesday) that their quarterly net profit has doubled YoY to MYR123.6 million from MYR60.7 million. They also achieved record high quarterly revenue of MYR978.7 million contributed by higher sales.

SIMEPROP has achieved 32% of the group’s full year sales target of MYR3 billion. The group is expecting further growth with the launch of two landmark projects, The Ophera at KLGCC Resort, and the Elmina Lakeside Mall.

1 week ago

star899

Sime Property would be another Data Center player with billions ringgit project jointly develop and lease out.

1 week ago

paktua73

with hyper rally on DC thematic
simeprop will hit huge benefit on it..

paktua n team qe set own target at rm1.60
aiming on T-34 to reach our target..


tut tut
happy weekend all simeprop fighters

6 days ago

EngineeringProfit

Sunway 2.0?

6 days ago

klee

Simeprop has the backing of titan PNB.It has huge tracts of cheap land.Now it only need to do a Nvidia or similar tie up,then it will be even bigger than YTL.Anyway this is a good start,it fires up the imaginations of funds.Hope simeprop management can follow up nicely.Rome is not built in a day.

6 days ago

EngineeringProfit

YTL 2.0?

6 days ago

klee

Amanah saham bumiputra holds 46% of simeprop.If they can jack it up to Rm2 or more,imagine how much can that fund payout.Use one stone kill multiple birds.Anwaromics.

6 days ago

klee

Pmx is best at using minimal cash to extract greatest economic benefits.
After all,federal govt BO LUI.Wakaka.So use land la,govt controls plenty of it.

6 days ago

klee

Paktua,good to see you her.hoseh liao.

6 days ago

klee

To prepare for petrol subsidy rationalisation,pmx has implemented epf ac3,raised civil service salary by 13%......next step....jack up amanam saham bumiputras company shares.

6 days ago

EngineeringProfit

Oh Anwaromics kah? Ok ok Faham

Posted by klee > 8 minutes ago | Report Abuse

To prepare for petrol subsidy rationalisation,pmx has implemented epf ac3,raised civil service salary by 13%......next step....jack up amanam saham bumiputras company shares.

6 days ago

Jerung

Still can enter is it too late :)

5 days ago

EngineeringProfit

U jerung shark takut apa? Many bilises coming next week

5 days ago

Jerung

Lol, camouflage only ;), what's TP EProfit macam can go high riding on d cureent trend like suncon and ytlp

5 days ago

star899

Kuala Lumpur (May 23, 2024)
Sime Darby Property Bhd (KL:SIMEPROP) said on Thursday it will build and lease out a hyperscale data center at its ELmina Business Park in a deal worth RM2 billion "marking the group's entry into the "data center segment ".

5 days ago

star899

Another huge data center in the making to catch up with YTL CORPORATION and YTL POWER !!!

5 days ago

star899

The deal is worth RM2 billion (2,000 million) as revealed by Sime Property, a mega property developer and is the "first developer" to venture in data center.
So the properties around there would be sold like hot cakes !!!

5 days ago

paktua73

morning..
yes Klee you also here yer
haha..

paktua here will aiming rm1.60..
hopefully will hit before sept 24..



tut tut
today possible will hot simeprop,gamuda,Notion, ytlpowr n sns

4 days ago

dompeilee

😘SOLDDDDDD most of the 5 lots of Sime Prop I was trapped in since May '18 at a cost of $1.2071....for $1.28 & $1.29!!! 🤗 But not before receiving ten dividends...Thank you, Providence!!!✌✌✌

4 days ago

wahidul

the data centre is for GOOGLE

4 days ago

kahfui1221

Is for GOOGLE? I thought is for META ...

4 days ago

pang72

The most safer data center play backed by land..

3 days ago

pang72

This is one data center but will not be the last one

3 days ago

pang72

Simep will start the multi year's flying with new catalyst - Data Center..
which is pretty similar to YTL...that JV with nvidia then fly

3 days ago

pang72

Date Open Price Target Price Upside/Downside Price Call Firm View
2024-05-24 1.20 1.57 +0.37 (30.83%)
BUY
TA
2024-05-24 1.20 1.54 +0.34 (28.33%)
BUY
RHB-OSK

3 days ago

pang72

The next announce data center deal after Google will surge Simep to 1.50

3 days ago

edcheong

Director bought at 1.29 100,000 shares and retail investors are selling..

2 days ago

kahfui1221

The Sime Darby Property Berhad and LOGOS SE Asia Pte Ltd (LOGOS Property) joint venture (SDPLOG) has successfully closed its RM1 billion industrial development fund

https://www.nst.com.my/business/corporate/2024/05/1056038/sime-darby-property-logos-jv-raises-rm1bil-its-industrial

1 day ago

wahidul

the DC is for GOOGLE as it’s confirmed in the EDGE ,more DC projects coming up soon,fingers crossed

1 day ago

wahidul

wow great news,tying up with GOOGLE,more DC jobs on the cards,very resilient counter,soon gonna shoot up trhu the roof,don’t sell just keep and more good news to flow in

1 day ago

paktua73

yes .soon rm1.60 also many will rushing buy in..
better load today price still lower..

remember ytlpowr from 1.10 now above rm5
vstec from 1.50 now 3.74

so simeprop now rm1.26 how????



tut tut
looking forward to see above rm2.50 by sept24

1 day ago

edcheong

KUALA LUMPUR: Google will invest RM9.4bil (US$2bil) to house its first Google data centre and Google Cloud region in Malaysia, which is expected to support 26,500 jobs across various sectors and have an economic impact of about RM15.04bil, said the Ministry of Investment, Trade and Industry (Miti).

The project, the technology giant's largest planned investment in Malaysia, will be located in Sime Darby Property's Elmina Business Park in Greater Kuala Lumpur.



As predicted !!!

1 day ago

edcheong

Big deal ! Share price to shoot through the day !

1 day ago

paktua73

paktua yakin on coming weeks simeprop will above rm1.50..


tut tut
let see on 1st week of june

1 day ago

Jerung

will LU today

1 day ago

troy88

Will prosper from data centre together with Gamuda to reach greater heights..

1 day ago

Jerung

sell on news?

1 day ago

pang72

If MAHSING can hits 1.70, what stop the great company Simep for 1.70?
Lets wait

1 day ago

pang72

Hopefully more news coming

1 day ago

Jerung

No effect at all xxx

18 hours ago

kahfui1221

Big trading volume today 😮 Sharks are buying in?

9 hours ago

Mabel

Google to invest US$2b for data centre and cloud region in Malaysia

The Ministry of Investment, Trade and Industry (Miti) said it had secured a commitment by Google to invest US$2 billion (RM9.4 billion) to house the first Google data centre and Google Cloud region in Malaysia.

The site will be located at Sime Darby Property Bhd's (KL:SIMEPROP) Elmina Business Park, in Greater Kuala Lumpur.

In a statement on Thursday, Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz said the data centre will power Google's popular digital services, such as Search, Maps, and Workspace, while also playing an essential role in enabling Google to deliver the benefits of artificial intelligence (Al) to users across the country.

5 hours ago

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