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Last Price Today's Change   Day's Range   Trading Volume
0.425   +0.02 (4.94%)  0.405 - 0.425  7,415,700
9,874 comment(s). Last comment by tkl88 at Nov 26, 2020 7:50 PM
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Good123
8325 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
8325 posts

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

call buy from midf


Good123
8325 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
8325 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
8325 posts

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

buy call by kenanga


Good123
8325 posts

Posted by Good123 > Sep 1, 2020 11:09 AM | Report Abuse

banyak tanah untuk dijual :) (吉隆坡27日讯)UEM阳光(UEMS,5148 ,主要板房产)继续重组地库组合,旗下位于霹雳州打巴约623.07英亩的部分非战略性土地,将以2990万令吉脱售给房产公司Lagenda(LAGENDA,7179,主要板消费)。



UEM阳光子公司Symphony Hills私人有限公司已经与Lagenda子公司DBE发展签署买卖协议。UEM阳光仍继续拥有剩余的1782英亩农业用地,预计此项脱售计划将于明年8月完成。

UEM阳光董事经理兼总执行长安华沙林说,在巴生谷地域多元化和增加地库一直是公司主要战略,过去也曾套用在依斯干达公主城土地,并将所得收益用于收购巴生谷土地。

他指出,出售打巴土地的情况与依斯干达公主城相似,并计划根据公司重组地库投资组合的策略,将所得款项用作收购新土地的资金。

“尽管疫情使营运环境存在不确定性,但我们对利益相关者带来战略价值和快速周转的机会保持开放的态度。”

包括剩下的1782英亩,该公司仍持有约1万1600万英亩土地,估计发展总值为1070亿令吉。


Good123
8325 posts

Posted by Good123 > Sep 1, 2020 11:10 AM | Report Abuse

:) KUALA LUMPUR (July 28): MIDF Research has upgraded the property sector to "positive" (from "neutral") and said new property sales outlook will improve gradually in the second half of calendar year 2020 (2HCY20) due to the National Economic Recovery Plan (Penjana) incentives.

The research house noted the incentives include reintroduction of Home Ownership Campaign (HOC) for residential properties from RM300,000 to RM2.5 million from June 1, 2020 to Dec 31, 2021, uplifting the 70% margin of financing limit for the third housing loan onwards for properties valued at RM600,000 and above during the HOC period, and real property gains tax exemption from June 1, 2020 to Dec 31, 2021 for three residential properties per individual.

It expects the incentives to stimulate buying interest and support new property sales.

Besides, it said the work-from-home culture due to the Covid-19 pandemic may play a role in future home buyers' decision making as homebuyers may upgrade houses for bigger spaces and better lifestyle in accommodating to the new culture.

Moreover, MIDF said the aggressive overnight policy rate cuts this year by Bank Negara Malaysia to record low is positive to the sector as it improves homebuyer’s purchasing power by reducing loan instalment.

“We estimate the monthly instalment to reduce by about 14%, after 125 basis points cut for a RM500,000 loan with a loan repayment period of 30 years, which is quite significant in our view.

"Hence, we think the record low interest rate will partly help to alleviate homebuyers’ issue of securing home financing as the record low yield has boosted affordability of homebuyers,” it said in a note today.

The research house added most of the developers are trading at undemanding valuations with the recent drop in share prices.

“Notably, S P Setia Bhd, IOI Properties Bhd and UEM Sunrise Bhd are trading below -2 standard deviation of [their] five-year mean price-to-book while Eco World Development Group Bhd, Mah Sing Group Bhd, UOA Development Bhd and Eastern


Victor Yong
7890 posts

Posted by Victor Yong > Sep 1, 2020 11:29 AM | Report Abuse

High ROI when it rebounds :)

UMSB Historical Data
Time Frame:

Monthly
09/12/2018 - 09/01/2020

Date Price Open High Low Vol. Change %
Sep 20 0.405 0.405 0.405 0.405 - 0.00%
Aug 20 0.405 0.425 0.435 0.400 2.56M -4.71%
Jul 20 0.425 0.430 0.475 0.420 96.82M -2.30%
Jun 20 0.435 0.475 0.575 0.415 197.93M -9.37%
May 20 0.480 0.425 0.520 0.415 176.23M 11.63%
Apr 20 0.430 0.395 0.480 0.380 198.09M 8.86%
Mar 20 0.395 0.605 0.610 0.275 110.01M -33.05%
Feb 20 0.590 0.585 0.655 0.580 32.36M -1.67%
Jan 20 0.600 0.710 0.725 0.600 26.56M -14.89%
Dec 19 0.705 0.710 0.770 0.700 54.85M -0.70%
Nov 19 0.710 0.695 0.810 0.695 69.85M 3.65%
Oct 19 0.685 0.665 0.725 0.660 28.40M 3.01%
Sep 19 0.665 0.670 0.740 0.665 15.21M -0.75%
Aug 19 0.670 0.790 0.800 0.655 25.51M -16.25%
Jul 19 0.800 0.800 0.850 0.795 36.41M 0.00%
Jun 19 0.800 0.855 0.890 0.795 21.47M -6.98%
May 19 0.860 0.930 0.935 0.835 34.75M -7.53%
Apr 19 0.930 0.825 1.020 0.815 119.11M 13.41%
Mar 19 0.820 0.820 0.895 0.800 27.34M 0.00%
Feb 19 0.820 0.765 0.880 0.755 29.31M 8.61%
Jan 19 0.755 0.665 0.800 0.660 29.15M 13.53%
Dec 18 0.665 0.700 0.735 0.620 13.88M -3.62%
Nov 18 0.690 0.680 0.805 0.680 15.53M 0.73%
Oct 18 0.685 0.830 0.830 0.630 23.99M -17.47%
Highest: 1.020 Lowest: 0.275 Difference: 0.745 Average: 0.643 Change %: -51.205


Victor Yong
7890 posts

Posted by Victor Yong > Sep 1, 2020 11:31 AM | Report Abuse

All target prices were much higher than current price :)

Price Target
Date
Open Price
Target Price
Upside/Downside
Price Call
Source
25/08/2020
0.405
0.55
+0.145 (35.80%)
HOLD
PUBLIC BANK
25/08/2020
0.405
0.54
+0.135 (33.33%)
BUY
MIDF
25/08/2020
0.405
0.555
+0.15 (37.04%)
BUY
KENANGA
25/08/2020
0.405
0.45
+0.045 (11.11%)
HOLD
HLG
25/08/2020
0.405
0.45
+0.045 (11.11%)
HOLD
AmInvest


Good123
8325 posts

Posted by Good123 > Sep 2, 2020 9:42 PM | Report Abuse

UEM Sunrise Bhd launched “The Happy Chase Gameshow” contest on Aug 14. It is part of “The Happy Chase” campaign, which the developer recently introduced in conjunction with the Home Ownership Campaign (HOC 2020).

“The Happy Chase is UEM Sunrise’s answer to our customers who are looking to find their dream homes. We are giving potential house buyers a chance to win additional property rebates and prizes through ‘The Happy Chase Gameshow’. It allows them to have fun playing games and win prizes for their new home,” said chief marketing officer Kenny Wong in a press statement.

TV presenter and actor Baki Zainal is hosting the gameshow together with various UEM Sunrise property consultants, who will provide updates on HOC 2020 and the developer’s projects.

The gameshow will be aired live on UEM Sunrise’s Facebook page from 4pm to 5pm every Saturday and will run for four consecutive weeks starting from Aug 15.

House buyers and potential owners can take part in the gameshow and participants who give the correct answer for the trivia questions will win additional property rebates and prizes, including branded home appliances and shopping vouchers.

Additionally, anyone who successfully refers their friends and family (upon signing of sale and purchase agreement) to any of the developer’s projects through The Happy Chase microsite will get a RM1,000 reward.


Good123
8325 posts

Posted by Good123 > Sep 2, 2020 11:46 PM | Report Abuse

this hidden gem has a lot of lands for sale. one of the safest property stocks at current price :)


Steady Punpipi
4247 posts

Posted by Steady Punpipi > Sep 3, 2020 5:43 AM | Report Abuse

Rest assured with theiré massive landbank in Iskandar Putri where I m living the value has been climbing up yearly that even before any effect from RTS or HSR ...


Good123
8325 posts

Posted by Good123 > Sep 3, 2020 6:53 AM | Report Abuse

30 LARGEST SHAREHOLDERS AS PER THE RECORD OF DEPOSITORS
(As at 30 April 2020)
No. Name of Shareholder
No. of
Shares held
% of
Issued shares
1. UEM GROUP BERHAD 2,997,491,779 66.06
2. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
URUSHARTA JAMAAH SDN. BHD. (1)
348,871,500 7.69
3. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
EMPLOYEES PROVIDENT FUND BOARD
202,113,137 4.45
4. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD (PAR 1)
53,985,500 1.19
5. HSBC NOMINEES (ASING) SDN. BHD.
JPMCB NA FOR THE NATIONAL FARMERS UNION MUTUAL INSURANCE SOCIETY LTD.
39,671,909 0.87
6. HSBC NOMINEES (ASING) SDN. BHD.
JPMCB NA FOR VANGUARD EMERGING MARKETS STOCK INDEX FUND
26,801,900 0.59
7. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBNY FOR NORGES BANK (FI 17)
23,618,700 0.52
8. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD (PAR 3)
22,714,300 0.50
9. HSBC NOMINEES (ASING) SDN. BHD.
JPMCB NA FOR VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND
20,092,955 0.44
10. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBNY FOR EMERGING MARKET CORE EQUITY PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC.
19,126,845 0.42
11. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
EXEMPT AN FOR AIA BHD.
18,478,200 0.41
12. LIEW SWEE MIO @ LIEW HOI FOO 17,300,000 0.38
13. DB (MALAYSIA) NOMINEE (ASING) SDN. BHD.
THE BANK OF NEW YORK MELLON FOR DELAWARE GROUP GLOBAL


Good123
8325 posts

Posted by Good123 > Sep 3, 2020 6:55 AM | Report Abuse

TP of RM0.55, pegged at c.75% discount to RNAV.

Central region again the revenue leader. Property development activities contributed 79% towards the Group’s total revenue, of which 40% is from the Central region, led by Residensi Solaris Parq, Serene Heights Bangi and Kondominium Kiara Kasi. 31% is from the Southern region, mostly from Aspira ParkHomes, 68 Avenue and Aspira Lakehomes. The balance of 29% is from its Australian developments; Conservatory and Aurora Melbourne Central. Investment properties contributed 17% of the total revenue while others contributed 4%.

Sales still slow. Sales achieved YTD was only RM151m (with some RM205m properties launched) of which 50% was contributed by the Central region, mainly Residensi Astrea, Residensi Solaris Parq and Residensi AVA. 45% is from the Southern region, mostly Aspira ParkHomes, Denai Nusantara and Estuari Gardens while the balance 5% was from Conservatory in Melbourne. Unbilled sales as at 30 June 2020 stood at RM1.7bn, from RM1.8bn in 1QFY20. As expected, the Group revised its FY20 target sales from RM2bn to RM1bn. The Group plans to launch around RM650m worth of properties in Central and RM350m in Southern. In Central, it plans to launch high-rise Residensi Allevia in Mont’Kiara towards the end of the third quarter of this year. In Iskandar Puteri, it launched Aspira ParkHomes’ latest phase plus a new residential development Senadi Hills and its commercial development Senadi Square in June and July.

Source: PublicInvest Research - 25 Aug 2020


Good123
8325 posts

Posted by Good123 > Sep 3, 2020 7:03 AM | Report Abuse

https://www.iproperty.com.my/news/reasons-to-invest-in-melbourne-ctr/


Good123
8325 posts

Posted by Good123 > Sep 3, 2020 7:17 AM | Report Abuse

UEM Sunrise

UEM Sunrise

GREATER KUALA LUMPUR

Kiara Bay

 BACK

Jump to section

 Currency MYR (RM) 

Malaysia

Greater Kuala Lumpur

Kuala Lumpur

Kiara Bay



ENQUIRE TODAY

INTRODUCTION

Feel more alive in Kiara Bay, KL’s new heartbeat.

Introducing KIARA BAY, a 73-acre masterplan development poised to transform one of KL’s earliest townships into an awe-inspiring eco living destination-brought to you by UEM Sunrise, the makers of Mont’Kiara; in partnership with Melati Ehsan Group.

Located next to the popular KL Metropolitan Park, KIARA BAY consists of three distinctive districts offering waterfront elevated city living with a difference:

• The Waters - the lakefront district where life is constantly in motion.
• The Walk - a captivating and bustling commercial hub filled with energetic activities.
• The Village - designed especially for active multi-generational living.

Beyond the manicured spaces are work-conducive areas, social hotspots and outdoor spaces for the young and old to live their best life–be it fast or slow. Come together in KL's new heartbeat. This is KL living redefined. This is KIARA BAY.

KIARA BAY’s much awaited first residential development is now unveil. Register now live life full at KIARA BAY.


Good123
8325 posts

Posted by Good123 > Sep 3, 2020 7:19 AM | Report Abuse

UEM Sunrise Berhad ("UEM Sunrise" or the "Company") (Company No. 830144-W) is a public-listed company and one of Malaysia’s top property developers. It is the flagship company for township and property development businesses of UEM Group Berhad ("UEM Group") and Khazanah Nasional Berhad ("Khazanah"). UEM Group is wholly-owned by Khazanah, an investment holding arm of the Government of Malaysia.

 

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
8325 posts

Posted by Good123 > Sep 3, 2020 7:42 AM | Report Abuse



KAF, in its report on Property: Improvement in Loan Approvals, said housing loan applications in June-July amounted to RM25bil and RM30bil, respectively, much higher than with 2019’s monthly average of about RM22bil.

PETALING JAYA: Loan approvals improved in the June-July period compared to April and May when the country was under the more stringent movement control order (MCO), KAF Research said.

The MCO was relaxed on June 10.

KAF, in its report on Property: Improvement in Loan Approvals, said housing loan applications in June-July amounted to RM25bil and RM30bil, respectively, much higher than with 2019’s monthly average of about RM22bil.The June-July housing loan applications were also higher compared with the last five-year monthly average of about RM19bil.

The research firm said there was a “delayed effect” between submission of loan applications by house buyers and approvals of those applications by banks.

“We also believe the lower approval rate in June was due to low residential loan applications in April-May. We expect stronger loan approvals after July.”

On a year-to-date basis, disbursement was 36% lower compared with the the January-July period a year ago.

Due to the unprecedented business and economic standstill during the more stringent MCO, the recovery movement control order period saw residential loan applications and approvals picking up in June and July combined, with applications rising a staggering 223% and approvals 160%, KAF said.

In absolute amounts, July’s approved residential loans amounted to RM9bil, the same as 2019’s monthly average.

“If this trend were to continue until the end of the year, (it is) likely that the contraction in the amount disbursed this year will narrow to only slightly above 20% year-on-year (y-o-y), from the current year-to-date contraction of 36% y-o-y, ” the report said.

It said last year’s Home Ownership Campaign (HOC) spurred demand for housing, with total transactions improving by 6% y-o-y, generating more than 200,000 transactions. This led to a reduction in completed unsold units, also known in property parlance as an overhang.

That 2019 HOC saw stamp duty waivers and rebates and discounts on housing. The current HOC has additional measures which include the removal of the 70% loan-to-value (LTV) cap on the purchase of the third house onwards. The government also tweaked the real property gains tax (RPGT).

The report said it is the removal of the 70% LTV that “should lead to a significant pick-up in upper-end market transactions”.

“Eventually, (this pick-up) would anchor the recovery of the mass market, ” it added.

Bank Negara implemented the 70% LTV in late 2010 as a result of multiple-unit purchases by single borrowers, “suggesting increasing investment activity of a speculative nature, ” a 2010 Bank Negara release said.

As for property counters themselves, the report said valuations are “cheaper” today and developers with strong institutional backing or strong balance sheets are likely to survive the market shock.

Meanwhile, Kenanga Research is also upbeat about the loan growth scenario. Looking at household loans, it said this was driven by a broad-based rise in loan disbursements, especially for big-ticket items like auto purchases and mortgages.

On a broad-base, loan repayments also picked up in July despite the moratorium with RM22.7bil in July versus April’s 15bil and March’s RM30bil. The moratorium ends on Sept 30.“Loan disbursements outpaced repayments, ” the Sept 1 Kenanga report said.

Loan applications were underpinned by the household segment, which saw a 22% rise compared to June 2020 and a 15% rise compared to a year ago. This rise was due mainly to house and vehicle purchases.

In terms of approvals, the research firm said July approvals rose 39% compared with June, driven mainly by the purchase of houses and cars.


Good123
8325 posts

Posted by Good123 > Sep 3, 2020 8:59 AM | Report Abuse

khazanah might sell uems to private group as the govt should withdraw from doing biz


Good123
8325 posts

Posted by Good123 > Sep 3, 2020 2:53 PM | Report Abuse

hopefully, uems will be privatised by khazanah to resell to the private sector or dispose it off to private group


Victor Yong
7890 posts

Posted by Victor Yong > Sep 3, 2020 7:00 PM | Report Abuse

I think the minister proposed vacancy tax to drive the share price down purposely, then cancel the proposal for the share price to rebound for macai kot? :)


Victor Yong
7890 posts

Posted by Victor Yong > Sep 3, 2020 7:23 PM | Report Abuse

Expecting property stocks to rebound strongly after zuraida’s vacancy tax proposal ia cancelled :)


Victor Yong
7890 posts

Posted by Victor Yong > Sep 3, 2020 8:10 PM | Report Abuse

Seem the right time to grab it now :)

Date Close Volume
02/09/2020 0.40 1,289,500
01/09/2020 0.405 3,506,600
28/08/2020 0.405 2,560,000
27/08/2020 0.405 2,713,500
26/08/2020 0.41 4,179,000
25/08/2020 0.405 2,491,600
24/08/2020 0.405 1,741,500
21/08/2020 0.41 1,823,300
19/08/2020 0.405 1,261,100
18/08/2020 0.405 1,693,600
17/08/2020 0.405 1,969,500
14/08/2020 0.405 4,898,900
13/08/2020 0.415 10,579,600
12/08/2020 0.415 5,970,000
11/08/2020 0.43 9,596,100
10/08/2020 0.415 3,863,000


Victor Yong
7890 posts

Posted by Victor Yong > Sep 3, 2020 8:36 PM | Report Abuse

For remembrance :)


Stamp duty waiver on MOT - uemsunrise.com
Available in all 20 participating properties in Central and Southern. Don’t miss out. T&C. Own a home with the lowest booking fee in town. All you need is RM1*, and you’re all set. RM1* booking fee. Waiver on SPA.

In early November, UEM Land Holdings Bhd started the property merger ball rolling by proposing a conditional takeover of Sunrise Bhd at RM2. It will create Malaysia's largest property company with a market capitalisation of nearly RM10 billion and a 12,000-acre landbank. ...Nov 29, 2010
www.theedgemarkets.com › article
UEM Land-Sunrise merger | The Edge Markets


Good123
8325 posts

Posted by Good123 > Sep 3, 2020 8:50 PM | Report Abuse



(吉隆坡3日讯)熬过了艰苦的次季后,分析员认为产业和产托股,将在下半年迎来强劲回弹。

大马投行研究今日发布报告指出,分析员追踪研究的10只股中,有高达7只今年次季表现逊过预期,只有3只符合预期。

在产业方面,只有IOI产业(IOIPG,5249,主板产业股)、马资源(MRCB,1651,主板产业股)和UEM阳光(UEMS,5148,主板产业股)在次季表现达标。

至于不达标的,则有绿盛世(ECOWLD,8206,主板产业股)、克立斯建筑(CRESBLD,8591,主板建筑股)、马星集团(MAHSING,8583,主板产业股)、森那美产业(SIMEPROP,5288,主板产业股)和实达集团(SPSETIA,8664,主板产业股)。

分析员点出,所有业者在次季录得较低营收甚至是蒙亏,因为2019冠状病毒病疫情引发的管控令措施,导致业者营收入账缓慢。

其中,马星集团、实达集团和UEM阳光,更是有许多项目处于初期。

同时,在和管控令冲击下市场暗淡,产业发展商的新销售普遍按年下跌约31%。

未来一年难有惊喜

“因此,我们不期望未来12到18个月,盈利表现能有惊喜。”

分析员补充,发展商目前积极通过折扣来清空滞销单位,库存水平处于下降趋势。

“我们相信这是一个套现的良好举动。”

同时,相信大部分发展商在决定继续或延迟未来推介前,仍会保持谨慎,并会持续评估市况。

“我们认为消费者情绪应该暂时保持疲弱,开销会集中在必需品,而高价产品如产业的支出则会放缓。”

所幸的是,分析员研究的所有发展商,都拥有充足的未入账销售。

“另外,随着商业和建筑活动的恢复,我们估计下半年表现会更强。”


Good123
8325 posts

Posted by Good123 > Sep 4, 2020 6:29 AM | Report Abuse

https://www.edgeprop.my/content/uem-land-sunrise-merger


Good123
8325 posts

Posted by Good123 > Sep 4, 2020 6:33 AM | Report Abuse

at current fire sale price, easier to swallow uem sunrise? :) UEM Sunrise to buy Eco World?

By Sharen Kaur
September 20, 2019 @ 11:14am



(File pix) A view of a UEM Sunrise development in Puteri Harbour, Johor. UEM Sunrise’s landbank is mostly located in Johor. Courtesy Photo

IS UEM Sunrise Bhd taking over Eco World Development Group Bhd? Rumours are rife that UEM Sunrise and Eco World are merging.

This would make the new entity one of the largest property developers by landbank in Malaysia.

Sources said UEM Sunrise may buy over Eco World in a shareswap deal that could see the latter’s substantial shareholder, Tan Sri Liew Kee Sin, ending up with a 15 to 20 per cent stake in the former.

Khazanah Nasional Bhd, which has a 66.06 per cent indirect interest in UEM Sunrise, may thus see its stake diluted.

“This is one of several proposals by bankers. It makes sense because you will consolidate two major players and create a property champion with a large landbank and brand power,” said a source with knowledge of the matter.

As a combined entity, it will have total landbank of 7,284ha with a potential gross development value (GDV) of RM190 billion.

Sime Darby Property Bhd is the largest landowner in Malaysia with more than 8,093ha.

Bursa Malaysia data showed that there had been several transactions by major shareholders of Eco World since early this year.

“The way Eco World shares were transacted looked like a prelude to a takeover. Eco World shares are actively being juggled around, an indication that something is about to happen,” said the source.

The source also said Khazanah has received several proposals to buy its stake in UEM Sunrise but nothing has materialised.

“The fund has been looking for someone with entrepreneurial and professional skills to lead UEM Sunrise and bring it back to its glory days as one of the top luxury brands in Malaysia. UEM

Sunrise is currently cashing out and reducing its headcount.

Liew is one of Malaysia’s prominent property captains. He has led two of the nation’s premier development companies over the last 28 years, and was instrumental in securing the coveted Battersea Power Station regeneration project in the United Kingdom in 2012.

TA Securities senior vice-president of research Kaladher Govindan said subject to pricing the research house is mildly “negative” on any merger talk.

He said during this challenging environment, developers should focus on clearing unsold inventory to free up capital and redeploy it to existing projects.

“We note that Eco World’s plate is full now with no urgency to replenish its landbank in Malaysia,” he told the New Straits Times.

Kaladher believes that UEM Sunrise is too huge for Eco World to swallow.

“We believe it is better for Eco World to replenish its GDV via the traditional land acquisition method instead of merging with UEM Sunrise to avoid overstretching the developer’s balance sheet.”

Eco World has a remaining landbank of 1,961ha with a potential GDV of RM75.3 billion, while UEM Sunrise has 5,295ha with a potential GDV of RM113.92 billion.

Eco World has 20 projects in the Klang Valley, Iskandar Malaysia and Penang, ranging from affordable to luxury schemes.

UEM Sunrise’s landbank is mostly located in Johor. The company focuses on macro township development as well as highrise residential, retail and integrated developments.

Both companies also have presence overseas.

Eco World has developments in the United Kingdom through its associate, Eco World International Bhd, while UEM Sunrise has projects in Australia.


Good123
8325 posts

Posted by Good123 > Sep 4, 2020 6:45 AM | Report Abuse

UEM Sunrise hUb app launch

21 June, KUALA LUMPUR – UEM Sunrise Berhad (UEM Sunrise), one of Malaysia’s leading housing developers, unveiled their latest digital customer interactive experience, a mobile app called hUb at ‘The Future of Living by UEM Sunrise’ event in Publika today. The launch was officiated by Kenny Wong, Chief Marketing Officer of UEM Sunrise and Norhizam Abdul Kadir, Vice President, Growth Ecosystem Development of Malaysia Digital Economy Corporation (MDEC) in conjunction with the Malaysia Tech Week 2019.

‘The Future of Living by UEM Sunrise’ builds on the strength of the Company’s EVE (Exciting, bringing Value and Easy to own) philosophy and is part of the Company’s endeavour to ‘Go Digital’ via various collaboration with external partners. UEM Sunrise seeks to anticipate the customers’ evolving needs and continue to improve the efficiency and quality of dealing with them. These are achieved through research, improvements in sales processes and investing in technology. Among the partners for this digital journey are ‘Grab Partners’, Virtareal, HOMEWORKS.MY, Salesforce, Loanplus, InneoNusa, Jom Parking and SOCAR.

Meanwhile, hUb, UEM Sunrise’s first ever app marks an important milestone in the Company’s digital transformation journey. The app was developed to cater to UEM Sunrise’s loyal customers, or “Trésorians” and future home buyers as part of the Company’s efforts to enhance its customers’ experience, by embracing innovation and ‘Go Digital’.


Good123
8325 posts

Posted by Good123 > Sep 4, 2020 6:47 AM | Report Abuse

General Corporate Information

FINANCIAL YEAR ENDED  :    LATEST  31-12-2019  31-12-2018  31-12-2017  31-12-2016  31-12-2015 

Stock NameUEMSStock Code5148ListingMain MarketSectorPropertyCompany ActivitiesThe principal activity of the Company is investment holding. It also provides shared services for its subsidiaries.

Group Activities

A flagship company for township and property development businesses of UEM Group Berhad (“UEM Group”) and Khazanah Nasional Berhad (“Khazanah”). UEM Group is a wholly owned subsidiary of Khazanah, an investment fund of the Malaysian Government.

UEM Sunrise core businesses are in macro township development, high-rise residential, commercial, retail and integrated developments, as well as property management and project and construction services.
UEMS is currently undertaking various residential, commercial and mixed-use developments in Iskandar Puteri (formerly known as Nusajaya). In the Central Region, UEMS is renowned for its up-market high-rise residential projects as well as commercial developments largely in the Mont’Kiara enclave.

UEMS’s presence extends internationally into Vancouver, Canada  via its 4.8-acre mixed-use development, Quintet and the newly acquired site at Alderbridge. It also oversees the sales and marketing of Khazanah and Tamasek’s Marina One and DUO mixed-use developments in Singapore.   UEMS also retains a landbank in Durban, South Africa.

Principal Products / ServicesTownship development, high-rise residential, commercial, retail and integrated developments; property management and project and construction servicesBoard of DirectorsDato’ Noorazman Abd Aziz
Chairman

Anwar Syahrin Abdul Ajib
Managing Director/Chief Executive Officer

Subimal Sen Gupta
Senior Independent Non-Executive Director

Dato’ Mohd Izani Ghani
Non-Independent Non-Executive Director

Zaida Khalida Shaari
Non-Independent Non-Executive Director

Effizal Faiz Zulkifly
Non-Independent Non-Executive Director

Ungku Suseelawati Ungku Omar
Independent Non-Executive Director

Tan Sri Dr Azmil Khalili Dato’ Khalid
Independent Non-Executive Director

Datin Teh Ija Mohd Jalil
Independent Non-Executive Director

Christina Foo
Independent Non-Executive Director

Secretary / Company SecretariesLiew Irene
SSM PC No.: 201908001893
MAICSA 7022609
Wong Lee Loo
SSM PC No.: 201908001993
MAICSA 7001219Registered OfficeLevel U6, Block C5, Solaris Dutamas
No. 1, Jalan Dutamas 1
50480 Kuala Lumpur
Tel: 603-2718 7788
Fax: 603-6207 8003
Email: cosec@uemsunrise.comBusiness AddressLevel U2, Block C5, Solaris Dutamas,
No 1, Jalan Dutamas 1,
50480 Kuala Lumpur.Share RegistrarBoardroom Share Registrars Sdn. Bhd.
11th Floor, Menara Symphony
No. 5, Jalan Professor Khoo Kay Kim
Seksyen 13
46200 Petaling Jaya
Selangor
Tel: 603-7890 4700
Fax: 603-7890 4670AuditorsErnst


Good123
8325 posts

Posted by Good123 > Sep 4, 2020 6:50 AM | Report Abuse

Outlook for UEM Sunrise Bhd remains positive 22 Jun 2020 16:08 The Sun DailyOutlook for UEM Sunrise Bhd remains positive PETALING JAYA: The outlook for UEM Sunrise Bhd remains stable premised on its unbilled sales of RM1.8 billion while its FY20–21 earnings will be mainly supported by its completed Australian projects and the new …

UEM Sunrise acquires prime development site in Melbourne for A$43m 19 Jun 2020 21:36 Malay MailManaging Director and CEO of UEM Sunrise Bhd, Anwar Syahrin Abdul Ajib speaks during a press conference in Mont Kiara February 27, 2018.   — Picture by Razak Ghazali KUALA LUMPUR, June 19 — UEM Sunrise Bhd has acquired a prime development site at 21-53


Good123
8325 posts

Posted by Good123 > Sep 4, 2020 9:22 AM | Report Abuse

hope khazanah will receive a good offer to let go its stake :)


Good123
8325 posts

Posted by Good123 > Sep 4, 2020 11:38 AM | Report Abuse

if the offer price is 75sen, don't know whether khazanah would let go its stake :)


Good123
8325 posts

Posted by Good123 > Sep 6, 2020 10:14 AM | Report Abuse

boosting property stocks :) 

The Monetary Policy Committee (MPC) meeting is scheduled on Thursday, Sept 10 with a number of analysts expecting a 25-basis point cut in the OPR.

KUALA LUMPUR: The ringgit is expected to trade in a tight range this week with all eyes on the overnight policy rate (OPR) review.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the statement from Bank Negara Malaysia (BNM) should be closely watched especially on how the central bank sees the economy post-automatic moratorium period, which will expire at month-end.

The Monetary Policy Committee (MPC) meeting is scheduled on Thursday, Sept 10 with a number of analysts expecting a 25-basis point cut in the OPR.

"Recent data points have been quite mixed. We saw July export better than expected when it grew 3.1 per cent but August Purchasing Managers' Index (PMI) fell below 50-point demarcation line," he told Bernama.

Malaysia’s exports increased 3.1 per cent year-on-year in July, albeit at a slower rate than June’s 8.0 per cent.

In terms of value, it was the second highest at RM92.5 billion, after the record high in 2018, compared with June’s RM82.8 billion, signalling that the economy is gradually recovering from the second-quarter economic slump, said Kenanga Research.

In the second quarter, the economy contracted by 17.1 per cent from a marginal growth of 0.7 per cent registered in the first quarter.

The headline IHS Markit Malaysia PMI - a composite single-figure indicator of the manufacturing performance - dipped to 49.3 in August from 50.0 in July.

The IHS Markit said manufacturing production was stable in August, but lost some of the momentum seen during the initial rebound from the lockdown and the latest reading followed a joint-record expansion in June and further growth in July.

On a Friday-to-Friday basis, the ringgit strengthened against the US dollar at 4.1470/1520 from 4.1630/1680 in the previous week.

It hit 4.1400 level, the highest range in seven months, on Tuesday after a three-day weekend due to the National Day celebration on Monday.

The ringgit also traded higher against the Singapore dollar to 3.0410/0458 from 3.0581/0629 last Friday and rose versus the yen to 3.9393/9444 compared with 3.9561/9583.

The local unit climbed vis-a-vis the British pound to 5.5143/5213 from 5.5251/5322 and appreciated against the euro to 4.9150/9214 from 4.9486/9562 previously. - Bernama


labu83
2469 posts

Posted by labu83 > Sep 7, 2020 9:14 AM | Report Abuse

iwcity n ekovest today ,wow


labu83
2469 posts

Posted by labu83 > Sep 7, 2020 9:28 AM | Report Abuse

lead come first,sure uems will goreng,good news will coming for change new comittee...
dont miss a boat when they start,when they press price down, u buy lor,


linheng
481 posts

Posted by linheng > Sep 7, 2020 1:21 PM | Report Abuse

Why this counter so weak. Iwcity move and its still dead although most brokerage recommend buy


newbie300
168 posts

Posted by newbie300 > Sep 7, 2020 4:01 PM | Report Abuse

aiyoyo... all the brokerage is a REAL con man... ask us to buy and he sell... see red + red + red...kns


newbie300
168 posts

Posted by newbie300 > Sep 7, 2020 4:02 PM | Report Abuse

@ Victor Yong, what fact support you said so... ? Mind to share...? all those brokerage can not trust at all...!


Good123
8325 posts

Posted by Good123 > Sep 7, 2020 4:08 PM | Report Abuse

press down b4 swinging higher? :)


newbie300
168 posts

Posted by newbie300 > Sep 7, 2020 4:09 PM | Report Abuse

worried is not press down by operator, it is die by itself... no hope...


newbie300
168 posts

Posted by newbie300 > Sep 7, 2020 4:11 PM | Report Abuse

chose wrong counter to support, should choose Ekovest...really feel shame of the management...


Good123
8325 posts

Posted by Good123 > Sep 7, 2020 4:12 PM | Report Abuse

permaju case, pressed down to 27sen, now up to 40sen . timing


newbie300
168 posts

Posted by newbie300 > Sep 7, 2020 4:21 PM | Report Abuse

even LBS also better than this counter... haha...Laugh Die me :)


Steady Punpipi
4247 posts

Posted by Steady Punpipi > Sep 7, 2020 5:42 PM | Report Abuse

This is a set up ...today show is interesting


Steady Punpipi
4247 posts

Posted by Steady Punpipi > Sep 7, 2020 8:17 PM | Report Abuse

From 0.41 back to 0.385 look at the selling pressure if not Big Shares Holders dispose who else got millions of UEMS shares to throw down ?


Victor Yong
7890 posts

Posted by Victor Yong > Sep 7, 2020 11:58 PM | Report Abuse

promising :)

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
25/08/2020 0.405 0.55 +0.145 (35.80%) HOLD PUBLIC BANK
25/08/2020 0.405 0.54 +0.135 (33.33%) BUY MIDF
25/08/2020 0.405 0.555 +0.15 (37.04%) BUY KENANGA


newbie300
168 posts

Posted by newbie300 > Sep 8, 2020 10:06 AM | Report Abuse

haha.... LBS slowly shinning than UEMS loh... so called have prestigious location but out of the performance... lausai...! What a shame of management.. keep dumping own share eventually will give chance for another big shark to eat him loh...


newbie300
168 posts

Posted by newbie300 > Sep 8, 2020 4:49 PM | Report Abuse

malton better than this lor... see how lousy you are...


newbie300
168 posts

Posted by newbie300 > Sep 8, 2020 4:51 PM | Report Abuse

no surprising later "Kacang Putih Bhd" also shining over this counter...


Eric Lim
321 posts

Posted by Eric Lim > Sep 8, 2020 5:20 PM | Report Abuse

time to start collecting

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