Highlights

AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 18 Jan 2019, 09:32 AM

 

AmWatch - Stock Focus of The Day

Author:   |    Publish date:


UEMS: No default on Melbourne’s Aurora and Conservatory, settlement remains on track Buy

We maintained our BUY recommendation on UEM Sunrise (UEMS) with an unchanged fair value of RM1.00 based on a 40% discount to its RNAV (Exhibit 1). We made no changes to our FY18-FY20 earnings forecasts.

The Australian Financial Review on 8 Jan 2018 reported that Malaysia's UEM Sunrise is prepared for as much as a 10% default rate on the settlement of apartments in its A$330mil Melbourne Central Business District (CBD) tower due to tough market conditions and weak prices of Australian properties. It quoted UEM Sunrise managing director/chief executive officer Anwar Syahrin Abdul Ajib as saying that “if we can get more than 90% (on the settlement), we will be more than happy”.

Despite the less-than-rosy outlook in Australia, UEM Sunrise said there are no defaults on its Melbourne apartment projects Aurora and Conservatory, and it is on track to settle the units which have been handed over.

QUICK TAKE

Media Prima: New out-of-home solution a mesh with online media Hold

RETAIL RESEARCH

Stocks On Radar: Econpile, D&O Green Technologies, QES Group, Puncak Niaga

ECONOMIC HIGHLIGHT

US: Fed decision will be strongly data dependent

NEWS HIGHLIGHTS

Glove Sector: Big Four glove makers see RM6.7b in market cap wiped off in three days

Cryptocurrency: Lee Kim Yew ropes in Crypto S11 Digital for crypto-wallet venture

Connectcountry Holdings: Sells stake in Rapid Power for RM1.4mil

Automobile Sector: VW, Ford to reveal deeper alliance next week — sources

Source: AmInvest Research - 10 Jan 2019

Share this

  Be the first to like this.
 


 

402  326  492  672 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.22+0.06 
 SAPNRG 0.285-0.005 
 SUMATEC 0.005-0.01 
 MYEG 1.01-0.06 
 BARAKAH 0.08+0.02 
 NEXGRAM 0.020.00 
 IRIS 0.15+0.005 
 XINGHE 0.045+0.005 
 KNM 0.09+0.01 
 ECONBHD 0.515+0.045 

TOP ARTICLES

1. 当遇上基本面投资法(下) 能赚钱就是好战略/冷眼 【冷眼专栏】漫漫投资路
2. 当遇上基本面投资法(上) “反向”战略非唱反调/冷眼 【冷眼专栏】漫漫投资路
3. Fear on Bumi Armada is probably overdone - felicity Good Articles to Share
4. THE PERCEPTION OF P/E or: How I learned to fear my Wife the bursa journey that worked for me. 2000-2019
5. Stocks on Radar - Elsoft Research (0090) AmInvest Research Reports
6. FPI FY19 revenue growth expected to hit 15% FPI 2大因素前景看好台灣聯友今年再 尋突破
7. Is QL Resources worth investing now? kcchongnz kcchongnz blog
8. [转贴]《东方华尔街》告诉你,炒家如何炒高一只股 Good Articles to Share
Partners & Brokers