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10,207 comment(s). Last comment by koyokui at Dec 2, 2021 9:56 AM
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labu83
2563 posts

Posted by labu83 > Jul 23, 2020 2:56 PM | Report Abuse

Don miss chance, volume buyer coming


Gaussian
2451 posts

Posted by Gaussian > Jul 24, 2020 9:41 PM | Report Abuse

Beware


CoolBull
3615 posts

Posted by CoolBull > Jul 29, 2020 5:18 PM | Report Abuse

recovery coming


CoolBull
3615 posts

Posted by CoolBull > Jul 29, 2020 5:18 PM | Report Abuse

maybe soon


CoolBull
3615 posts

Posted by CoolBull > Jul 29, 2020 5:18 PM | Report Abuse

fairly soon


labu83
2563 posts

Posted by labu83 > Jul 30, 2020 5:07 PM | Report Abuse

Rts confirm today, time to sapu


James Ng
2378 posts

Posted by James Ng > Jul 31, 2020 11:00 AM | Report Abuse

https://klse.i3investor.com/blogs/general/2020-07-31-story-h1511466216.jsp
[转贴] [UEM SUNRISE BHD:收入下降,联营公司和合资企业的不利业绩以及未实现的外汇损失] - James的股票投资James Share Investing


linheng
1089 posts

Posted by linheng > Aug 6, 2020 2:25 AM | Report Abuse

Delayed start for RTS project rally


linheng
1089 posts

Posted by linheng > Aug 7, 2020 3:15 AM | Report Abuse

4 Weeks Range: 0.40 - 0.455
Market is good buy still sleeping. Near 4 wk low.
Guess just buy and wait for the RTS play to begin


Bmw X5
7105 posts

Posted by Bmw X5 > Aug 12, 2020 11:00 AM | Report Abuse

yoyo uems 0.415 good entry price before Johor/ Singapore fully reopen ...massive landbanks in Johor ...


Bmw X5
7105 posts

Posted by Bmw X5 > Aug 12, 2020 11:01 AM | Report Abuse

collect now b4 FOMO ya


Bmw X5
7105 posts

Posted by Bmw X5 > Aug 17, 2020 12:08 PM | Report Abuse

Naik jgn tak Naik beb


DreamKaiser
1223 posts

Posted by DreamKaiser > Aug 20, 2020 11:09 PM | Report Abuse

still sleeping


DreamKaiser
1223 posts

Posted by DreamKaiser > Aug 20, 2020 11:10 PM | Report Abuse

still hibernating


DreamKaiser
1223 posts

Posted by DreamKaiser > Aug 20, 2020 11:11 PM | Report Abuse

maybe need to vote bn back into power to bring construction & property back into life


Bmw X5
7105 posts

Posted by Bmw X5 > Aug 21, 2020 7:22 AM | Report Abuse

Uems still holding on to massive landbanks in Johor Bahru . Now is the best time to buy


Bmw X5
7105 posts

Posted by Bmw X5 > Aug 21, 2020 7:24 AM | Report Abuse

Of all the property stocks, UEMS has the highest exposure in Johor; about 77% of its land bank is in this region.

We believe management’s move to diversify its land bank beyond Nusajaya — with an immediate focus on landed homes in Puteri Harbour and Gerbang Nusajaya — is a step in the right direction.

We also feel the same about its successful maiden launch of Nusajaya Tech Park (joint venture with Singapore-based Ascendas Pte Ltd).


Up_again
542 posts

Posted by Up_again > Aug 21, 2020 7:33 AM | Report Abuse

Uems, dropping share price for the past 10 years


labu83
2563 posts

Posted by labu83 > Aug 21, 2020 9:39 AM | Report Abuse

property just start today , surprise coming news ..
spsetia, iwcity, uems will follow...........lovely 3 stock


DreamKaiser
1223 posts

Posted by DreamKaiser > Aug 22, 2020 1:15 AM | Report Abuse

aah


DreamKaiser
1223 posts

Posted by DreamKaiser > Aug 22, 2020 1:16 AM | Report Abuse

sudah ada stirrings skt kah


DreamKaiser
1223 posts

Posted by DreamKaiser > Aug 22, 2020 1:16 AM | Report Abuse

sudah nmpk mcm ada mau mari skt la


samurai_rising
289 posts

Posted by samurai_rising > Aug 24, 2020 9:57 PM | Report Abuse

worst is over, time to rebound


Michael R.
3780 posts

Posted by Michael R. > Aug 24, 2020 10:28 PM | Report Abuse

chances get cheaper reentry..woww


newbie300
188 posts

Posted by newbie300 > Aug 25, 2020 10:23 AM | Report Abuse

no show...?


newbie300
188 posts

Posted by newbie300 > Aug 25, 2020 10:53 AM | Report Abuse

never perform for so long... fed up


newbie300
188 posts

Posted by newbie300 > Aug 25, 2020 12:31 PM | Report Abuse

think this is submarine... been con liao...


Bmw X5
7105 posts

Posted by Bmw X5 > Aug 27, 2020 9:42 AM | Report Abuse

MyHSR launches HSR tenders | The Star


Good123
11009 posts

Posted by Good123 > Aug 28, 2020 10:58 PM | Report Abuse

one of the safest property stocks. terlalu Banyak tanah, biz takda , Jual tanah untuk terus hidup


Good123
11009 posts

Posted by Good123 > Aug 28, 2020 10:59 PM | Report Abuse

susah mau Cari syarikat hartanah ini, boleh Jual tanah Dan rumah sekaligus :)


Good123
11009 posts

Posted by Good123 > Aug 29, 2020 6:59 AM | Report Abuse



Its managing director/chief executive officer Anwar Syahrin Abdul Ajib (pic) said the Tapah land divestment is akin to what UEM Sunrise has been doing in Iskandar Puteri and company’s plan to use the proceeds towards the funding of new land acquisitions in line with its strategy to rebalance land bank portfolio.

KUALA LUMPUR: UEM Sunrise Bhd is rebalancing its land bank portfolio by entering into a sale and purchase agreement with Lagenda Properties Bhd for the divestment of part of the company’s non-strategic land in Tapah, Perak measuring 252.15ha for RM29.9mil.

The company said in a statement yesterday that the divestment is expected to be completed in August 2021.

Its managing director/chief executive officer Anwar Syahrin Abdul Ajib said the Tapah land divestment is akin to what UEM Sunrise has been doing in Iskandar Puteri and company’s plan to use the proceeds towards the funding of new land acquisitions in line with its strategy to rebalance land bank portfolio.

“Our strategy is to geographically diversify and increase our presence in the Klang Valley. All the while, we have been divesting non-strategic pocket lands in Iskandar Puteri, utilising the proceeds towards acquiring new land in the Klang Valley, ” he said in a statement.

The company still holds 4694.35ha, including the remaining 721.15ha agriculture land, with an estimated gross development value of RM107bil. — Bernama


Good123
11009 posts

Posted by Good123 > Aug 29, 2020 11:41 PM | Report Abuse

banyak tanah dekat HSR bagus! harga saham Akan Naik selesa depan barangkali :)

https://www.thestar.com.my/business/business-news/2020/08/29/hsr-full-speed-ahead


Good123
11009 posts

Posted by Good123 > Aug 31, 2020 12:56 PM | Report Abuse

more buyers for properties with lower interest rates hopefully


Good123
11009 posts

Posted by Good123 > Aug 31, 2020 12:57 PM | Report Abuse

lower interest rate also reduce its finance cost as a result


Good123
11009 posts

Posted by Good123 > Aug 31, 2020 12:57 PM | Report Abuse

merger between uemland and sunrise BHD, grab for medium and long term


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 7:43 AM | Report Abuse

BNM seen making final 25bps OPR cut as early as September — DBS

Chong Jin Hun

/

theedgemarkets.com


August 31, 2020 13:15 pm 08


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 8:42 AM | Report Abuse

Lelong price, uems has plenty of lands for sale


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 9:44 AM | Report Abuse

Digital Media: UEM Sunrise delivered revenue of RM308 million in the first six months,
down by 78% compared to the first half of 2019 mainly due to lower property sales,
absence of new launches and slower project progress completion. This is a direct impact
of the curtailment in business activities as a result of the Movement Control Order
imposed on 18 March 2020. Losses from foreign exchange and joint venture companies
including impairment of inventories also contributed to the net loss after non-controlling
interests of RM115 million for the period. The Company continues to remain cautious on
the current outlook, and the Company is targeting sales of RM1 billion including land for
the remaining year.


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 9:46 AM | Report Abuse

It has a cash balance of RM1.38 billion as at 30 June with a low net gearing of
0.40x, reflecting our ability to settle current loan obligations when required. In the interim,
we continue to be on a lookout for strategic landbanks and pursue disposals of non-
strategic landbanks to raise additional cash”.


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 9:47 AM | Report Abuse

The Group remains cautious on the outlook and will exercise prudence in managing the
challenging environment. It targets a GDV and sales (including land sales) of RM1 billion
each for the remaining year.


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 9:48 AM | Report Abuse

“We launched our marketing campaign called ‘The Happy Chase’ in conjunction with the million with Residensi AVA in Kiara Bay, Kuala Lumpur capturing the highest interest
followed by Serene Heights Bangi and Senadi Hills”.
2020 Home Ownership Campaign (“HOC”). 22 of our projects in Central and Southern will
be showcased in the campaign. In addition to the 2020 HOC incentives, buyers also get to
benefit from our campaign which offers easy entry, waivers on legal fees, free home
appliances as well as free kitchen cabinets for selected developments. These incentives
together with current setting of low borrowing costs will drive our sales for the remaining
year. As at to-date, we have secured total sales plus commitment of approximately RM500


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 9:48 AM | Report Abuse

million with Residensi AVA in Kiara Bay, Kuala Lumpur capturing the highest interest
followed by Serene Heights Bangi and Senadi Hills”.


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 9:48 AM | Report Abuse

UEM Sunrise Berhad ("UEM Sunrise" or the "Company") is a public-listed Company and one of
Malaysia's leading property developers. It is the flagship Company for township and property
development businesses of UEM Group Berhad ("UEM Group") and Khazanah Nasional Berhad
("Khazanah"). The Company has core competencies in macro township development; high-rise
residential, commercial, retail and integrated developments; as well as property management and
project


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 9:50 AM | Report Abuse

HSR will boost the value of iskandar puteri, Singaporeans will flood this area of Johor for biz or retirement with HSR facility


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 9:58 AM | Report Abuse

On Australia, “We secured a settlement rate of close to 100% for both Aurora Melbourne
Central and Conservatory with 58 units valued at AUD55 million still pending settlement.
The target is to achieve full settlement within the next six to nine months. In relation to the
recently acquired 1.3-acre freehold land in Collingwood, we have shortlisted a few
architects to submit their proposed designs for the project. The process is ongoing. We will
also be appointing other main consultants to kickstart the project planning soon”.


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 10:44 AM | Report Abuse

KEY INVESTMENT HIGHLIGHTS

1HFY20 earnings below expectations

Earnings recovery in 2HFY20

1HFY20 new property sales at RM150.9m

Earnings estimates revised downwards

Maintain BUY with a revised TP of RM0.54

1HFY20 earnings below expectations. UEM Sunrise recorded core net loss of -RM61m in 1HFY20 which was below our and consensus expectations. The negative deviation could be attributed to the greater than expected adverse impact from Movement Control Order (MCO) on progress billing of property projects. Note that we have excluded forex gain and inventories write down in our core net income calculations.

Earnings recovery in 2HFY20. 2QFY20 core net loss widened to - RM57.4m from -RM3.5m in 1QFY20 as construction works were stopped during MCO. That brought cumulative core net loss to -RM61m against net profit of RM107m in 1HFY19. The weaker earnings in 1HFY20 were also dragged by low property sales and rental waivers to tenants. Meanwhile, unbilled sales eased to RM1.7b in 2QFY20 from RM1.8b in 1QFY20. Looking ahead, earnings are expected to recover in 2HFY20 as construction works have resumed and progress billing should pick up.

1HFY20 new property sales at RM150.9m. UEM Sunrise chalked up minimal new property sales of RM53.5m in 2QFY20 against new property sales of RM97.4m in 1QFY20 as new sales were affected by MCO in 2QFY20. That brought cumulative new sales to RM150.9m in 1HFY20 which were below management sales target of RM2b but within our sales target of RM1b. Meanwhile, management is revising downward its sales target to RM1b (including land sales) and is also targeting to launch projects with total GDV of RM1b in FY20. Sales momentum is expected to be stronger in 2HFY20, driven by PENJANA incentives namely HOC 2020 and lifting of the 70% margin of financing limit for the third housing loan onwards.

Maintain BUY with a revised TP of RM0.54. We revise our FY20/21F earnings forecasts by -57%/-12.1% as we assume lower progress billing. Correspondingly, our TP for UEM Sunrise is revised downward to RM0.54 from RM0.58 as we widen our RNAV discount to 78% from 75%. We maintain BUY on UEM Sunrise as we expect earnings to return into the black in 2HFY20. Besides, valuation is attractive as it is trading at 71% discount to latest NTA of RM1.42 per share.

Source: MIDF Research - 25 Aug 2020


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 10:45 AM | Report Abuse

call buy from midf


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 10:53 AM | Report Abuse

KUALA LUMPUR: UEM Sunrise Bhd has appointed Datuk Noorazman Abd Aziz as its new chairman effective from today.

 

In a statement today, it said Noorazman succeeded Tan Sri Zamzamzairani Mohd Isa who retired in July after holding the position since May 2017.

 

UEM Sunrise said Noorazman, 64, had served the board of the company as non-independent non-executive director since October 2018.

 

He has over 37 years of experience in banking and finance, investments and capital markets, having served as executive director (investments) at Khazanah Nasional Bhd and managing director of Fajr Capital Ltd, a Khazanah investee company.

 

"He has also held key positions at Citigroup, Bank Islam Malaysia Bhd, Kuala Lumpur Stock Exchange and Labuan Offshore Financial Services Authority, to name a few," the property developer said.

 

Managing director and chief executive officer Anwar Syahrin Abdul Ajib said Noorazman's appointment was timely as the industry was facing tremendous challenges and headwinds from numerous factors, including global economic uncertainty and the Covid-19 pandemic.

 

 - Bernama


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 10:55 AM | Report Abuse

Date: 25/08/2020 

Source : KENANGAStock : UEMS     Price Target : 0.555     |     Price Call : BUY    Last Price : 0.405     |     Upside/Downside :   0.15 (37.04%) Back

2QFY20 CNL of RM57.4m dragged 1HFY20 to CNL of RM61m which disappointed due to slower-than-expected progress billings and sales, impacted by MCO. Slash FY20/21E earnings by 43%/8% but maintain OUTPERFORM with lowered TP of RM0.555 given cheap valuations and it being a beneficiary of a potential revival of the High Speed Rail project.

Below expectations. 2QFY20 core net loss (CNL) of RM57.4m dragged 1HFY20 CNL further to RM61m which disappointed ours and consensus full year profit estimates of RM107m and RM99m respectively. 1HFY20 sales of RM151m was also below our RM1.7b target. The negative deviation is due to lower-than-expected sales and progress recognition arising from the MCO disruption. We derived our 2QFY20 CNL after stripping of impairment of inventories worth RM39.5m. No dividends as expected.

QoQ, 2QFY20 bottom-line worsened to a CNL of RM57.4m (vs. CNL of RM3.5m in 1QFY20) as revenue plunged 43% on lower sales of RM54m (vs RM97m in 1QFY20) and slower progress billings on lower construction activities due to the MCO disruptions.

YoY, 1HFY20 CNL of RM61m deteriorated severely against 1HFY19 CNP of RM105.6m as revenue dropped 78% from lower unit handovers in Melbourne (as most were settled in FY19) coupled with slower domestic billings arising from the MCO impact and existing projects still at relatively earlier stages of construction.

Management lowering launch and sales targets for FY20E to RM1b each (vs previous targets of RM2b each). Management is also targeting to reduce Johor lands exposure and increase landbanks in Klang Valley and Australia. Unbilled sales of RM1.7b would provide visibility for the next 2 years

The worst is over for earnings. 1H20 reflected the worst of the MCO and we expect 2H20 profits to be better supported by (i) settlement of AUD125m Aurora apartments en-bloc sale to Scape Australia which is expected to fetch PAT contributions of c.RM68m and (ii) remainder settlement of AUD49m for Aurora and Conservatory be settled in the next 6-9 months to fetch PAT contributions of c.RM20m.

Reduce FY20/21E earnings by 43%/8% after: (i) lowering FY20/21E property sales target to RM1.0b/RM1.8b (from RM1.7b/RM1.9b) which encapsulates lower land sales to RM250m (from RM300m) for both FY20 and FY21, and (ii) deferring progress billings in FY20 to account for the MCO.

Maintain OUTPERFORM with a lower TP of RM0.555(from RM0.565) on unchanged 0.37x FY21E PBV (-1.5SD). Our Outperform rating is premised on the fact that valuations are cheap coupled with the fact that the revival of HSR would benefit UEMS with 75% of their remaining land bank within Johor.

Source: Kenanga Research - 25 Aug 2020


Good123
11009 posts

Posted by Good123 > Sep 1, 2020 10:55 AM | Report Abuse

buy call by kenanga

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