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limkokthye
4158 posts

Posted by limkokthye > Sep 8, 2020 7:26 PM | Report Abuse

cb company


Good123
8491 posts

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

rebound is expected. 

Maybank Investment Bank Research (Maybank IB), in a report yesterday, said further policy easing measures, such as a new developer interest bearing scheme (DIBS) could be announced in Budget 2021 in November.

PETALING JAYA: Property developers can expect better earnings in the second half of the year, thanks to the normalisation of construction jobs, policy easing measures and a low interest rate environment.

Maybank Investment Bank Research (Maybank IB), in a report yesterday, said further policy easing measures, such as a new developer interest bearing scheme (DIBS) could be announced in Budget 2021 in November.

“Under DIBS, developers will be allowed to pay the interest on a property buyer’s home loan during the entire construction period. This would help to lift buying sentiment and encourage demand by making the upfront cost lower or more affordable.

“From our channel checks, we understand that the new DIBS has been discussed with various government and central bank representatives. We were told that selling prices would be more transparent under the new DIBS.”

Maybank IB, although positive on the policy to lift buying sentiment, cautioned that a much weaker economy due to rising job cuts and business closures, as well as more auctioned properties, may stifle the effects of the stimulus.

“The end of the six-month loan moratorium at the end of this month could lead to more business closures and a number of auctioned properties. Higher non-performing loans could prompt banks to be more selective and careful in approving loans, hence, affecting the demand for properties.

An analyst with a local bank-backed brokerage said the Home Ownership Campaign (HOC) will help to spur property sales for the remainder of the year. “The HOC has helped to spur sales, making properties more affordable and attractive to buyers. We expect this trend to continue for the rest of 2020.”

The government reintroduced the HOC in June under the Short-Term Economic Recovery Plan (Penjana). Under the campaign, stamp duty is exempted on the transfer of property and loan agreement for the purchase of homes priced between RM300,000 and RM2.5mil.

Meanwhile, the exemption on the instrument of transfer is limited to the first RM1mil of the home price, while full stamp duty exemption is given on loan agreements for sale and purchase agreements signed between June 1 and May 31,2021. In addition, the government has announced a real property gains tax exemption for Malaysians for the disposal of up to three properties between June 1,2020 and Dec 31,2021.

Maybank IB has maintained a neutral view on the sector and thinks property stocks will remain newsflow-driven.

“Our ‘buys’ are Sunway Bhd, SP Setia Bhd and Tambun Indah Land Bhd. We like Sunway for its diversified earnings base while SP Setia’s 2021 and 2022 earnings growth would be strong.”


Good123
8491 posts

Posted by Good123 > Sep 9, 2020 10:02 AM | Report Abuse

related to property, valuation is good too. 

PropertyGuru Group chief executive officer and managing director Hari V Krishnan (pic) added: “Our strong financial performance over the last few years has enabled us to invest aggressively and smartly, to build what is today an integrated and differentiated technology platform that caters to the unique opportunities in South-East Asian markets."

KUALA LUMPUR: Property technology company PropertyGuru Group announced that it has received an additional investment of S$300mil in recent funding rounds by leading global investment firms TPG and KKR (via KKR Asian Fund III).

This investment comes at an extraordinary time for PropertyGuru. With 24% y-o-y revenue growth, PropertyGuru beat 2019 forecasts and continues to lead in South-East Asia with a 57% market share (4x nearest player).

PropertyGuru is the proptech leader across all five markets in the region with its No.1 marketplaces – PropertyGuru in Singapore and Malaysia, Batdongsan.com.vn in Vietnam, DDproperty.com in Thailand, and Rumah.com and RumahDijual.com in Indonesia.

Over the past year, business momentum and financial performance has been very strong across multiple key markets.

The funding will accelerate PropertyGuru’s growth strategy across all key markets as the group ramps up its investment to meet the rapidly evolving needs in the property ecosystem.

The continued support of TPG (over the past five years) and KKR (over the past two years) will see PropertyGuru further invest in identified strategic areas of growth, including its mortgage marketplace launched this year – PropertyGuru Finance (an end-to-end sales enablement solution for property developers), PropertyGuru FastKey and data capabilities to empower property seekers across South-East Asia to “Find.Finance.Own” their homes.

Since its founding in 2007, PropertyGuru has secured its leadership by continuing to provide increasing value to all its customers and users, ” said PropertyGuru Group board chairman Olivier Lim.

“We have scaled rapidly across South-East Asia by anticipating and addressing consumer needs with a data-driven strategy underpinned by a talented team of ‘gurus’.

“This year, amidst the changing business realities, the demonstrable strength of our platforms has solidified our relative market leadership and provides new opportunities to accelerate both organic and inorganic growth with new investments.

“This increased support from TPG and KKR to accelerate growth is a great validation of the group’s successful performance, its leadership team and their strategy to unlock the opportunities that will achieve the group’s ambitions in the region.”

PropertyGuru Group chief executive officer and managing director Hari V Krishnan (pic) added: “Our strong financial performance over the last few years has enabled us to invest aggressively and smartly, to build what is today an integrated and differentiated technology platform that caters to the unique opportunities in South-East Asian markets.

“The additional investments from TPG and KKR will enable us to continue building South-East Asia’s property trust platform, and accelerate our momentum in key markets like Malaysia and Vietnam.

“Over the last 13 years we have helped create the proptech industry in this region, and as the market leader we look forward to providing further innovations to digitise the property sector.”

PropertyGuru’s belief in technology as a connector and solution to resolve home-seekers’ pain-points has seen it relentlessly invest and expand its service offerings in data and digital tools to improve transparency in the property ecosystem for consumers, developers, and agent partners across South-East Asia.This year, PropertyGuru expanded into home finance with the launch of a mortgage marketplace in Singapore, as well as a major upgrade to the property seeker experience in Vietnam.


Good123
8491 posts

Posted by Good123 > Sep 9, 2020 10:06 AM | Report Abuse

boosting uems, land and property value :) 

StarBiz reported on Monday that among infrastructure projects in the pipeline, the revival of MRT3 and HSR appear imminent.

PETALING JAYA: The revival of infrastructure projects such as the Mass Rapid Transit Line 3 (MRT3) and the KL-Singapore High Speed Rail (HSR), should they happen soon, could provide a ray of light amid the gloomy outlook for the construction sector.

Analysts said that while sentiment for construction has improved with the reopening of the economy, there is an absence of a re-rerating catalyst. According to TA Research, the Bursa Malaysia Construction Index remains depressed, closing at 163.29 points on Monday.

“Even though it has rebounded from a recent low of 121.91 points recorded on March 19, (during the knee-jerk panic selldown after the movement control order on March 18) it has declined steeply by 52.6% from a five-year peak of 344.84 points in May 2017, and is just 10.5% higher from the trough of 147.74 points recorded during the period of Pakatan Harapan (PH) administration, ” it said in a report yesterday.

The research firm said it was maintaining an underweight on the sector and will reassess valuation if any mega infrastructure projects come to fruition. There was a lack of mega infrastructure projects by the PH administration after it came to power after the 14th General Election in 2018.

However, considering the multiplier effect in terms of job creation and the trickle down effect on sub-sectors, there are expectations that some big-ticket projects may be rebooted to stimulate the economy, which has slowed down significantly since the outbreak of Covid-19.

StarBiz reported on Monday that among infrastructure projects in the pipeline, the revival of MRT3 and HSR appear imminent.

Analysts said the mid-term recovery plan, which will most likely to be tabled in Parliament in October prior to the tabling of Budget 2021 in early November, are more appropriate platforms to revive some mega projects. TA Research also views MRT3 as “a low-hanging fruit” project, which could be implemented in the foreseeable future. “With MRT2 expected to be completed by late-2022, in order to ensure continuity of MRT projects and to minimise demobilisation and mobilisation costs associated with construction machinery, especially the tunnel-boring machine, as well as the project team, especially tunnelling experts, MRT3 has to be rolled-out in the near future, ” it said.

It anticipates the project delivery partner (PDP) would require about six to 12 months from the appointment of PDP to kick-off the construction work.

The MMC-Gamuda joint venture was initially appointed as the project PDP in October 2014 to implement MRT2, before the overall completion of MRT1 in July 2017.

Prior to GE14, the project was on the verge of being awarded at a contract value of RM45bil. Subsequently, the value was lowered to around RM20-25bil with the tunnelling portion estimated to be worth RM12bil, or RM6bil each for MMC and Gamuda, said Alliance DBS.

In the current context, the research firm said that an ideal structure to minimise risk and capitalise on the current low interest rate environment would be for the project to be undertaken via the PDP structure.

The project is likely to be financed by bonds issued by Danainfra, it said in a recent report.


Good123
8491 posts

Posted by Good123 > Sep 9, 2020 10:08 AM | Report Abuse

further cut. boost sales and lower finance cost :) 

Bank Negara Malaysia (BNM) is seen easing its overnight policy rate by 25 basis points to a record low of 1.50%, according to seven out of 13 economists polled, having already delivered 125 bps of rate cuts this year.

KUALA LUMPUR: Economists are split on whether Malaysia's central bank will cut interest rates this week, with a slim majority in a Reuters poll betting on a rate reduction, as policymakers balance the need to support a virus-hit economy with a pick-up in exports.

Bank Negara Malaysia (BNM) is seen easing its overnight policy rate by 25 basis points to a record low of 1.50%, according to seven out of 13 economists polled, having already delivered 125 bps of rate cuts this year.

The remaining six economists expect the central bank to keep interest rates at 1.75%, already a historic low.

Malaysia's export-reliant economy saw its worst slump ever in the April-June period due to the fallout from the coronavirus pandemic, while unemployment has remained stubbornly high, but exports have started to rebound in the third quarter.

"Even though a pick-up in exports should support manufacturing, the rest of the economy will continue to be under downward pressure," said Prakash Sakpal, Asia senior economist for ING, who forecast a 25 bps rate cut in the poll.

"Mining, construction and services were the worst-affected in Q2 (second quarter) and will remain so over the rest of the year," he said, adding that the "elevated" jobless rate was hurting consumer spending.

Malaysia's exports rose for the second straight month in July, expanding 3.1% from a year earlier on higher shipments of manufactured goods and agricultural commodities.

But other releases have shown the economy still struggling, with unemployment rising to 5.1% in the second quarter and consumer prices continuing to fall in July.

Southeast Asia's third-largest economy shrank 17.1% in the April-June period, its first contraction since the 2009 global finiancial crisis. BNM last month sharply cut its GDP forecast for 2020, expecting the economy to contract 3.5%-5.5% this year.

The government has also sought to support the economy with fiscal stimulus, rolling out a 260 billion ringgit ($62.44 billion) package in March. ($1 = 4.1640 ringgit)

- Reuters


Good123
8491 posts

Posted by Good123 > Sep 9, 2020 10:11 AM | Report Abuse

trough was over in Q2. next quarter will improve further :) 

The services sectors such as tourism, hospitality and retail sub-sectors had been massively disrupted by the pandemic especially with the enforcement of lockdown measures and social distancing.

PETALING JAYA: The Covid-19-induced recession saw Malaysia’s gross domestic product (GDP) plunge 17.1% year-on-year in the second quarter of 2020, making it the worst performer in terms of economic growth among the Asean-5 countries.

MIDF Research, in a report yesterday, said the sharp contraction in growth was mainly due to the nationwide lockdown in place.

“By expenditure side, the biggest contributor to the negative economic growth was the private consumption. For instance, out of the 17.1% year-on-year contraction in Malaysia’s GDP, 10.7% was solely from private consumption while the remaining 6.4% came from the rest of the components.”

MIDF Research said the economies of the Asean-5 countries, namely Indonesia, Malaysia, the Philippines, Singapore and Thailand, stumbled 10.2% year-on-year in the second quarter of this year as a result of the Covid-19 pandemic.

“In contrast, during the Global Financial Crisis, Asean-5 growth remained in the positive territory as negative growth in Malaysia, Singapore and Thailand was offset by sustained economic growth in Indonesia and the Philippines.

“Similar to Malaysia, the Philippines and Singapore also recorded over 10% negative contributions from private consumption alone. However, this was an exception for Thailand as net export (-4.6%) was the biggest contributor to the negative 12.2% year-on-year economic fallout in the second quarter, ” said the research house.

By supply side, in unison, MIDF Research said the services sector contributed the most to the economic contraction in Asean-5 countries. “Services sector in the Philippines was negative 9.7%, followed by Malaysia (-9.2%), Singapore (-8.6%), Thailand (-8%) and Indonesia (-2.8%), somehow in line with the degree of overall GDP contraction.

“The services sectors such as tourism, hospitality and retail sub-sectors had been massively disrupted by the pandemic especially with the enforcement of lockdown measures and social distancing.”

Large share of low-skilled, low-wage and part-time workers are employed in this sector, making them more vulnerable to the recent economic shock, according to the research house.

“In Malaysia, the share of low-skilled workers to total employment in the services sector in 2019 was more than 20%, the highest compared to other sectors. Under this sector, concentration of low-skilled employment could be observed mostly in the food and beverage and accommodation (43.1%) sub-sectors, followed by transportation and storage (22.3%).

“In contrast, the agriculture industry contributed positively to GDP for Malaysia ( 0.1), the Philippines ( 0.1%) and Indonesia ( 0.3) but not for Thailand. Instead, in Thailand, the positive contribution to growth was from the construction sector ( 0.2%). Meanwhile, in Singapore, all key economic sectors contributed negatively to growth as activities in sectors declined during the quarter.”

For most of the countries, MIDF Research said the economic downturn in the second quarter of 2020 is believed to be the trough, adding that the general economic condition will improve gradually moving forward, in line with the easing restrictions both domestically and globally.

“While the reopening of economies can be a positive development for most of the sectors, the strength of recovery remains at risk from another wave of Covid-19 cases.

“Meanwhile, some economies continue to struggle in containing the Covid-19 outbreak.

“Among Asean-5 countries, the Philippines and Indonesia are currently experiencing a surge in the number of daily Covid-19 cases.”


Good123
8491 posts

Posted by Good123 > Sep 9, 2020 10:17 AM | Report Abuse

net assets per share~rm1.55, price/book~38/155~ 0.245, best buy now :)


Good123
8491 posts

Posted by Good123 > Sep 9, 2020 10:19 AM | Report Abuse

uemland sunrise khazanah as the controlling


Steady Punpipi
4279 posts

Posted by Steady Punpipi > Sep 9, 2020 10:32 AM | Report Abuse

Seems like selling has subsided ....time to collect


Good123
8491 posts

Posted by Good123 > Sep 9, 2020 11:11 AM | Report Abuse

possible that it will become a reality?

www.thestar.com.my

The making of a RM150bil GDV company

30 Nov 2019 · ... UEM Sunrise (UEMS) and Eco World Development Group (ECW). ... it is likely that UEM Group will end-up as the largest shareholder


Good123
8491 posts

Posted by Good123 > Sep 9, 2020 11:53 AM | Report Abuse

stay invested. don't bother with 1-2sen volatility :)


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 9:00 AM | Report Abuse

UMSB Historical Data

Time Frame:

Monthly
09/21/2018 - 09/10/2020

Date Price Open High Low Vol. Change %
Sep 20 0.380 0.405 0.410 0.375 4.66M -6.17%
Aug 20 0.405 0.425 0.435 0.400 85.49M -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: 0.642 Change %: -54.217


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 9:02 AM | Report Abuse

Period Ending: Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Period Length: 6 Months 3 Months 12 Months 9 Months
Cash From Operating Activities (RM millions) -177.62 -77.15 1660.23 869.52


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 9:05 AM | Report Abuse

strong financially :)

Quick Ratio MRQ0.73
Current Ratio MRQ1.37
LT Debt to Equity MRQ37.13%


Good123
8491 posts

Posted by Good123 > Sep 10, 2020 9:07 AM | Report Abuse



(吉隆坡8日讯)分析员认为,产业公司下半年的销售应该会改善,且预见“危”与“机”在末季并存,因此,中和看待该领域。

马银行投行研究今日发布报告指,管控措施放松后,建筑工程已恢复正常,且在当下低息环境与政府振兴配套提振下,房产销售应该能够改善,进而带动产业股项下半年盈利回升。

根据报告,分析员追踪研究的绝大部分产业股,在次季皆蒙受亏损,归咎于管控令干扰及出现减值亏损;只有恒大置地(TAMBUN,5191,主板产业股)的实际盈利达标。

至于实达集团(SPSETIA,8664,主板产业股)、UEM阳光(UEMS,5148,主板产业股)和森那美产业(SIMEPROP,5288,主板产业股),在次季趁机对滞销库存进行必要的价格调整,因而产生了减值亏损。

分析员也说,产业股项当前从订单转成买卖合约的平均转换率为40%到50%,取决于产业类型。

对于末季的展望,分析员点出的危机,包括暂缓还贷措施在9月底到期后,可能导致许多生意倒闭,产业拍卖增加。


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 10:46 AM | Report Abuse

Opportunity to grab at lelong price now. rich in lands. potential for privatisation too :)


Q2, 2020: Net assets per share (NAV) RM1.55

Q1, 2020: NAV RM1.58

Q4, 2019: NAV RM1.61

Q3, 2019: NAV RM1.58

Q2, 2019: NAV RM1.58

Q1, 2019 NAV RM1.57


Good123
8491 posts

Posted by Good123 > Sep 10, 2020 11:27 AM | Report Abuse

GLC macam uems, malas? Q2, 2020 Vs Q2, 2019. Q3 should be much better :)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

30 Jun 2020

30 Jun 2019

30 Jun 2020

30 Jun 2019

$$'000

$$'000

$$'000

$$'000

1Revenue

111,957

1,000,568

307,811

1,419,824

2Profit/(loss) before tax

-99,799

86,812

-108,495

129,044

3Profit/(loss) for the period

-93,698

40,221

-115,822

70,545

4Profit/(loss) attributable to ordinary equity holders of the parent

-93,357

40,361

-115,294

70,458

5Basic earnings/(loss) per share (Subunit)

-2.06

0.89

-2.54

1.55

6Proposed/Declared dividend per share (Subunit)

0.00

0.00

0.00

0.00



AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

7
Net assets per share attributable to ordinary equity holders of the parent ($$)

1.5500

1.6100


Good123
8491 posts

Posted by Good123 > Sep 10, 2020 11:29 AM | Report Abuse

m


Good123
8491 posts

Posted by Good123 > Sep 10, 2020 11:42 AM | Report Abuse

expecting big jump when khazanah announces any corporate exercise if any like Boustead


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 12:31 PM | Report Abuse

free fall in glove stocks. But land-based property stocks like uems should be good buy now for the medium term :)

In 2010, market cap was about RM10bil. In 2020 now, crashed to about RM1.8bil. Value buy in a decade.

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.


low gearing ~40%, ~ RM1.4 bil liquid assets, HSR would boost its landbank and project value in iskandar puteri. Lelong price now, personal opinion. NAV RM1.55, khazanah is the largest shareholder, as solid as rock. expecting above 60sen if HSR start date has been confirmed.


Good123
8491 posts

Posted by Good123 > Sep 10, 2020 12:33 PM | Report Abuse

boosting property stocks. KUALA LUMPUR (Sept 10): The widely debated Vacancy Tax on unsold high-end properties will likely not be imposed next year as it is still being reviewed by the Housing and Local Government Ministry (KPKT). 

Minister Zuraida Kamaruddin said the proposed tax, which has been presented to the Economic Council meeting for discussion, is not an urgent matter for the ministry to resolve. 

"We are reviewing it and it is not our priority currently. Let the developers manage it. 

"The Vacancy Tax idea only came around when we thought about unsold high-end properties...and it is not going to be implemented in 2021, we have other mechanisms," she said. 

She was speaking to reporters after launching the Cagamas SRP Bhd's Digital Skim Rumah Pertamaku (Digital SRP) here today. 

According to Zuraida, there are currently 29,000 unsold high-end units worth RM29 billion ringgit. 

She said KPKT’s utmost priority is to ease house ownership for the people. 

"We want to make sure that the B40 and the M40 income groups will be able to purchase houses in a much easier way through the banks," she added.


Good123
8491 posts

Posted by Good123 > Sep 10, 2020 12:37 PM | Report Abuse

purposely drive down the price of property stocks, now announced vacancy tax tak jadi. rebound after lunch. macai needs money for Sabah election? :)


Good123
8491 posts

Posted by Good123 > Sep 10, 2020 12:40 PM | Report Abuse

flying higher after the lunch break? KUALA LUMPUR (Sept 10): The widely debated Vacancy Tax on unsold high-end properties will likely not be imposed next year as it is still being reviewed by the Housing and Local Government Ministry (KPKT). 

Minister Zuraida Kamaruddin said the proposed tax, which has been presented to the Economic Council meeting for discussion, is not an urgent matter for the ministry to resolve. 

"We are reviewing it and it is not our priority currently. Let the developers manage it.


Steady Punpipi
4279 posts

Posted by Steady Punpipi > Sep 10, 2020 1:12 PM | Report Abuse

Kzh and Uems CEO shld resign asap hopeless ...disappoint shareholders


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 1:46 PM | Report Abuse

uems should rebound after the lunch break with PN's flip flop suggestion :)

PROPERTY 1h ago
Govt will not impose vacancy tax for unsold high-end units
KUALA LUMPUR: The widely debated Vacancy Tax on unsold high-end properties will likely not be imposed next year as it is still...


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 1:52 PM | 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 & construction services.
UEM Sunrise is the master developer of Iskandar Puteri, one of the five flagship zones of Iskandar
Malaysia. Iskandar Puteri is envisioned to become the largest fully integrated urban development
in Southeast Asia that will provide significant investment, financial and business opportunities to
the economic growth and development of the region. In the Central Region, the Company is
renowned for its award-winning and up-market developments, located largely in the affluent
Mont'Kiara enclave, Serene Heights Bangi, Bukit Jelutong in Shah Alam, Symphony Hills in Cyberjaya
and Seremban as well as the creative retail in Solaris Dutamas, known as Publika. The Company is
currently undertaking a flagship development in the 73-acre Kiara Bay in Kepong.
Internationally, the Company extends into Australia, with Aurora Melbourne Central – one of the
tallest buildings in the country - and the 42-storey Conservatory, an iconic landmark located in the
heart of Melbourne CBD. In Durban, South Africa, the Company has 30 acres of joint venture
beachfront mixed development land.


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 1:54 PM | Report Abuse

KUALA LUMPUR: Cagamas SRP Bhd’s (CSRP) Digital Skim Rumah Pertamaku (Digital SRP) now allows eligible Malaysians to go online to purchase their first home and apply for financing.

This was made possible following the launch of the Digital SRP in collaboration with Didian and MHub, two technology property portals, on Thursday

CSRP chairman, Datuk Bakarudin Ishak said the partnership with Didian and MHub offers an integrated platform which connects home buyers, bankers, developers, and real estate agents.

“We hope Digital SRP will stimulate more than a 50% increase in cumulative SRP loans to RM12.6bil by 2021.


“With these partnerships, CSRP expects a cumulative increase of SRP loans approved by 14,400 in 2020 from a cumulative base of 26,213 in 2019 with a total financing of RMbil, ” he added.


Commenting on the Digital SRP, Bakarudin said this collaboration facilitates three things.

Firstly, it provides new access for prospective first-time house buyers to a wider selection of more than 130,000 properties of which, more than 50% are eligible under SRP, and assistance from nearly 2,000 real estate agents from more than 300 agencies nationwide.

“Secondly, Digital SRP is convenient, time efficient and value enhancing, ” he said.

Prospective buyers can now identify properties eligible under SRP online, check their financing eligibility and apply for loans without having to “walk-in” to the bank.

He pointed out online loan applicants will be contacted by the participating banks for further processing of their application.

“Thirdly and most importantly, CSRP is helping more Malaysians own their first home with this digital initiative, ” he added.

As of June 2020, SRP has benefitted close to 33,000 first time house buyers, of which 90% are from the low-income group, to secure home financing totalling RM6.8bil, since SRP was launched in 2011.

SRP is a government initiative to assist eligible first-time home buyers to obtain up to 110% financing from participating banks, enabling them to own a home without making a down payment.

About 71% of the approved applications were from Selangor, Johor, Kuala Lumpur, Perak and Melaka.

The average loan size was RM206,450 with 86% of the approved applicants being 25 to 40 years of age.

Out of this, 27,600 or 84% of the applications were Islamic financing while the balance 5,400 or 16% were conventional loans.

As of January 2020, Malaysia has close to 26.7 million internet users with a median age of 30.3.

This median age closely corresponds with SRP’s customers who are between 25 and 40 years of age.

Digital SRP is, therefore, expected to enable and facilitate more enquiries and home purchases for internet savvy buyers within this segment.

Housing and Local Government Minister, Zuraida Kamaruddin officiated the launch of the Digital SRP. Also present was Cagamas president/ CEO, Datuk Chung Chee Leong.

Didian director, Chow Nam Kit, said, “Our collaboration with Cagamas to launch the Digital SRP is yet another first for Didian, as we continue to make good on our commitment to our agents and agencies to bring them better opportunities.

“With Digital SRP, our agents will be able to seamlessly apply for SRP on behalf of their customers in just a few clicks. With our exciting upcoming pipeline of projects and more liquidity for buyers through SRP, we are optimistic our agents will have the right tools to help their clients find, purchase, and own their ideal first homes.”

MHub’s CEO, Quek Wee Siong said, “Through this collaboration, MHub aims to help first time home buyers get educated and gain access to the SRP loan scheme by using its intelligent matching platform to pre-qualify these buyers and by channelling their applications to the various banks that offer SRP loans.

"Currently MHub has close to 90,000 homes for sale in this product category with a combined Sales Purchase Agreement (SPA) value of RM27 billion.”

Digital SRP users can also apply for financing by visiting the nearest branch of the participating banks. Currently, there are 25 participating banks nationwide.

SRP is open to first-time house buyers earning RM5,000 and below for single applicants, or RM10,000 and below for joint applicants. They are eligible to purchase a property in either the primary or secondary market with a maximum value of RM500,000.


Good123
8491 posts

Posted by Good123 > Sep 10, 2020 2:09 PM | Report Abuse

bnm will also decide further cut in interest rate at 3m today


Good123
8491 posts

Posted by Good123 > Sep 10, 2020 2:43 PM | Report Abuse

after 3pm, another boost, opr lower further? :)


padanggrus
87 posts

Posted by padanggrus > Sep 10, 2020 2:48 PM | Report Abuse

0.36 , i really wanto cry !


Good123
8491 posts

Posted by Good123 > Sep 10, 2020 3:40 PM | Report Abuse

buy more to average down the cost, buy from desperate cash retailers :)


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 3:57 PM | Report Abuse

KUALA LUMPUR: Cagamas SRP Bhd’s (CSRP) Digital Skim Rumah Pertamaku (Digital SRP) now allows eligible Malaysians to go online to purchase their first home and apply for financing.

This was made possible following the launch of the Digital SRP in collaboration with Didian and MHub, two technology property portals, on Thursday

CSRP chairman, Datuk Bakarudin Ishak said the partnership with Didian and MHub offers an integrated platform which connects home buyers, bankers, developers, and real estate agents.

“We hope Digital SRP will stimulate more than a 50% increase in cumulative SRP loans to RM12.6bil by 2021.


“With these partnerships, CSRP expects a cumulative increase of SRP loans approved by 14,400 in 2020 from a cumulative base of 26,213 in 2019 with a total financing of RMbil, ” he added.


Commenting on the Digital SRP, Bakarudin said this collaboration facilitates three things.

Firstly, it provides new access for prospective first-time house buyers to a wider selection of more than 130,000 properties of which, more than 50% are eligible under SRP, and assistance from nearly 2,000 real estate agents from more than 300 agencies nationwide.

“Secondly, Digital SRP is convenient, time efficient and value enhancing, ” he said.

Prospective buyers can now identify properties eligible under SRP online, check their financing eligibility and apply for loans without having to “walk-in” to the bank.

He pointed out online loan applicants will be contacted by the participating banks for further processing of their application.

“Thirdly and most importantly, CSRP is helping more Malaysians own their first home with this digital initiative, ” he added.

As of June 2020, SRP has benefitted close to 33,000 first time house buyers, of which 90% are from the low-income group, to secure home financing totalling RM6.8bil, since SRP was launched in 2011.

SRP is a government initiative to assist eligible first-time home buyers to obtain up to 110% financing from participating banks, enabling them to own a home without making a down payment.

About 71% of the approved applications were from Selangor, Johor, Kuala Lumpur, Perak and Melaka.

The average loan size was RM206,450 with 86% of the approved applicants being 25 to 40 years of age.

Out of this, 27,600 or 84% of the applications were Islamic financing while the balance 5,400 or 16% were conventional loans.

As of January 2020, Malaysia has close to 26.7 million internet users with a median age of 30.3.

This median age closely corresponds with SRP’s customers who are between 25 and 40 years of age.

Digital SRP is, therefore, expected to enable and facilitate more enquiries and home purchases for internet savvy buyers within this segment.

Housing and Local Government Minister, Zuraida Kamaruddin officiated the launch of the Digital SRP. Also present was Cagamas president/ CEO, Datuk Chung Chee Leong.

Didian director, Chow Nam Kit, said, “Our collaboration with Cagamas to launch the Digital SRP is yet another first for Didian, as we continue to make good on our commitment to our agents and agencies to bring them better opportunities.

“With Digital SRP, our agents will be able to seamlessly apply for SRP on behalf of their customers in just a few clicks. With our exciting upcoming pipeline of projects and more liquidity for buyers through SRP, we are optimistic our agents will have the right tools to help their clients find, purchase, and own their ideal first homes.”

MHub’s CEO, Quek Wee Siong said, “Through this collaboration, MHub aims to help first time home buyers get educated and gain access to the SRP loan scheme by using its intelligent matching platform to pre-qualify these buyers and by channelling their applications to the various banks that offer SRP loans.

"Currently MHub has close to 90,000 homes for sale in this product category with a combined Sales Purchase Agreement (SPA) value of RM27 billion.”

Digital SRP users can also apply for financing by visiting the nearest branch of the participating banks. Currently, there are 25 participating banks nationwide.

SRP is open to first-time house buyers earning RM5,000 and below for single applicants, or RM10,000 and below for joint applicants. They are eligible to purchase a property in either the primary or secondary market with a maximum value of RM500,000.


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 3:57 PM | Report Abuse

DELIVERING VALUE TO OUR SHAREHOLDERS

Challenges notwithstanding, the UEM Sunrise group of
companies (the Group) has delivered strong performance,
with revenue up 42% to RM2.9 billion for the financial year
ended 2019 (FY2019) compared to RM2.0 billion in the
financial year ended 2018 (FY2018). The main contributor
to this growth was the completion and settlement of
Aurora Melbourne Central and Conservatory in Melbourne,
Australia. This allowed for full settlement of both
projects’ financing facilities, improving our gross and net
gearing to 0.46x and 0.32x, respectively. Overall sales
remained respectable at RM1.1 billion, and this
was subsequently replenished with new
launches valued at RM1.2 billion in FY2019.
Our inventory monetisation efforts have
also proven to be successful, as we
managed to reduce inventories by 21%
in FY2019 compared to FY2018.
Divestment of non-strategic lands
and assets, as well as land portfolio
rebalancing, remains one of our
key strategies. This strengthens
our balance sheet, enabling us
to effectively deploy our financial
resources in areas most needed,
including embarking on new ventures and opportunities,
local and overseas, since at present, approximately 75% of
our total landbank is in Johor. Moving forward, we will be
expanding the use of digital technology and establishing
strategic partnerships to generate future revenue streams.


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 4:01 PM | Report Abuse

Strengthening our position as a top property developer in Malaysia, we placed 5th
at The Edge Property Excellence Awards in 2019, moving from 10th position three
years earlier. Across the dimensions of Value Creation, Product Quality, Image
and Innovation & Creativity, UEM Sunrise ranked in the Top 5 across all property
developers nationwide. We were also acknowledged for our “Highest Growth
in Profit After Tax Over Three Years” at The Edge Billion Ringgit Club Awards in
2019. Throughout the period of assessment, we delivered consistent performance
through ensuring customer satisfaction and effective and efficient operations with
improved cashflows, while future-proofing the business.


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 4:03 PM | Report Abuse

In 2019, there were several highlights that will contribute to future business performance:

For our Aurora Melbourne Central development in Australia, we entered into a Contract of
Sale with Scape Australia Management Pty. Ltd. (Scape), the largest asset owner and investor
in the evolving purpose-built student accommodation (PBSA) sector in Australia. This was
valued at AUD125 million and planned for completion in October 2020.
In the Central region, we unveiled Kiara Bay, UEM Sunrise’s newest integrated mixed
development in Kuala Lumpur adjacent to the Kepong Metropolitan Park, spanning 72.7
acres of land. Its first development component was a two-tower residential block launched
in November 2019, Residensi AVA, with a GDV of RM656 million. Comprising 870 units of
serviced apartments, it presents seven different layouts of 2+1, 3 and 4 bedrooms, ranging
between 813 and 1,285 square feet, and priced from RM528,000. Residensi AVA is targeted at
second-generation Kepong residents and is scheduled for completion in 2024.
In the Southern region, we rebalanced our landbank portfolio by reducing our exposure in
Desaru Coast from 678.7 acres to 228.1 acres, which translates to a reduction of future GDV in
Johor by RM7.6 billion. Concurrently, we increased our involvement in retail development in
Puteri Harbour. We acquired 13 strata parcels together with accessory parcels at Somerset,
a family entertainment centre and a double-storey open-sided pergola for RM145 million
from Themed Attractions Resorts & Hotels Sdn. Bhd. (TAR&H), our joint venture (JV) partner
in Desaru Coast.


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 4:03 PM | Report Abuse

Be calm always :)

In addition, we launched new phases in key
development areas such as Serene Heights
in Bangi and Gerbang Nusajaya in Johor.
Despite the prevailing market conditions,
we remain committed to finding the right
opportunities to ensure the sustainability
of our business and will continue to seek
opportunities to replenish our sales funnel.
We also redeemed 123.3 million UEM
Sunrise Redeemable Convertible
Preference Shares (UEMS RCPS) issued
to UEM Group Berhad (UEM Group), our
majority shareholder, in October 2015 at
a redemption value of RM150 million.
The redemption was funded by internally
generated funds. The balance 669.2 million
UEMS RCPS are expected to be converted
into new UEM Sunrise ordinary shares at
RM1.60 per UEMS RCPS for one ordinary
share. Upon the maturity of the UEMS
RCPS in October 2020, UEM Group’s
shareholding in UEM Sunrise will increase
to a potential 69.6%.


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 4:07 PM | Report Abuse

Going forward, it is crucial for any organisation to focus on its strengths,
especially during these uncertain times. At UEM Sunrise, we realise
the potential of our strong points and are considering multiple avenues
to ensure the sustainability of our business operations into the future.
Stability in our financial position provides a strong foundation for us to
weather the storm ahead. Our financial discipline over the past few years,
with gross gearing of 0.46x and net gearing of 0.32x as at end FY2019 along
with a cash balance of RM1.1 billion, gives us sufficient liquidity during
these uncertain times. Furthermore, the unutilised SUKUK of RM1.1 billion
to date, provides a further avenue of funding to leverage on opportunities
that will create value for the organisation.
Nevertheless, we recognise that financial strengths alone will not be
adequate. We need to operate as an agile organisation, with CHIEF
values emphasising a high-growth culture strongly embedded among
all employees, to bring UEM Sunrise to greater heights. Innovative
approaches supported by wide adoption of digital tools and Industry 4.0
technologies will be our key source of differentiation. We will continuously
dedicate significant efforts towards these initiatives to ensure relevance in
the new business environment.
Looking further ahead, and considering future scenarios, we seek to
strengthen our core strengths of property development and explore new
opportunities within the real estate space to ensure business viability,
competitiveness and sustainability. Ultimately, we aim to enhance
the lifestyles of our customers and achieve sustainability throughout our
business operations.
Property development is part of a vast ecosystem across a myriad of
industries. Growth in property sales and mortgage approvals are closely
linked with consumer confidence and liquidity in the market. The sector
will continue to play an important role in economic growth; thus, a vibrant
property sector is critical to national development.


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 4:13 PM | Report Abuse

in RM’000
2019* 2018*
Restated
2017*
Restated
2016*
Restated
2015^
TOTAL ASSETS
Property, plant and equipment, investment
properties and right-of-use assets 1,330,196 1,174,255 1,026,806 947,561 875,042
Land held for property development and
property development costs 6,496,179 6,533,511 6,973,762 6,522,464 5,550,909
Interests in associates, joint ventures & others 1,529,739 1,612,989 1,668,768 1,545,762 1,631,616
Inventories 954,831 1,302,683 609,690 585,244 403,099
Receivables 1,198,200 1,516,919 1,616,486 1,657,565 1,586,681
Goodwill 621,409 621,409 621,409 621,409 621,409
Deferred tax asset 282,926 283,601 308,116 239,388 221,044
Deposits, cash and bank balances 1,057,446 1,078,601 808,004 788,542 1,005,600
Asset held for sale - - - 11,230 -
Total assets 13,470,926 14,123,968 13,633,041 12,919,165 11,895,400
TOTAL EQUITY AND LIABILITIES
Share capital 5,110,276 5,110,276 5,110,276 2,276,643 2,276,643
Share premium - - - 2,829,546 2,829,546
Merger relief reserves 34,330 34,330 34,330 34,330 34,330
Other reserves 13,671 64,216 108,082 152,046 115,439
Retained profits 2,127,889 1,868,067 1,636,333 1,519,316 1,552,602
Non-controlling interests 468,332 363,722 363,127 361,556 360,345
Total equity 7,754,498 7,440,611 7,252,148 7,173,437 7,168,905
Borrowings and lease liabilities 3,416,955 4,683,501 4,219,742 3,714,673 2,750,570
Income tax liabilities 71,760 48,880 55,074 11,781 223,904
Payables 1,579,015 1,182,508 1,322,572 1,279,402 772,205
Provisions and others 648,698 768,468 783,505 739,872 979,816
Total equity and liabilities 13,470,926 14,123,968 13,633,041 12,919,165 11,895,400
Net asset per share attributable to owners of the
parent (RM) 1.61 1.56 1.52 1.51 1.50


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 4:16 PM | Report Abuse

Geographical information
Revenue and non-current assets information based on the geographical location of customers and assets respectively is as follows:
Revenue
2019
RM’000
2018
RM’000
Malaysia 965,516 1,377,583
Australia 1,942,022 661,840
Singapore 1,923 4,563
2,909,461 2,043,986
Non-current assets
2019
RM’000
2018
RM’000
Restated
Malaysia 9,557,494 8,497,118
Australia 134,822 149,969
South Africa 15,141 16,930
Singapore 2,546 1,971
9,710,003 8,665,988


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 4:19 PM | Report Abuse

Location and
address of property
Brief description
and existing use
Area
(sq meters)
Tenure and
year of expiry
Age of
building
(years)
Net book value
as at 31/12/2019
RM’000
Date of
revaluation/
acquisition
Iskandar Puteri
(fka Bandar Nusajaya)
Iskandar Development Region
Johor Darul Takzim
Land held for property
development and
development in progress
20,351,272 Freehold - 2,344,627 1995
HSD 64677 PTD 108319 &
HSD 64682 PTD 108325
GM 1408, Lot 1033
GM 1410, Lot 1080
Mukim Senai
District of Kulai
Johor Darul Takzim
Land held for property
development
10,116,200 Freehold - 901,031 6-Oct-15
PTD 26684-26689
26691-22693
Mukim Batu
Daerah Kuala Lumpur
Wilayah Persekutuan
Kuala Lumpur
Land held for property
development
269,237 Leasehold
expiring on
29-Dec-2112
- 770,775 02-Apr-19
PTD 43305-43350, 43361-43437
44290-44505, 44520, 44533
Mukim Semenyih
Daerah Ulu Langat
Selangor Darul Ehsan
Land held for property
development
1,269,223 Freehold - 392,076 29-Sep-11
Solaris Dutamas
1 Jalan Dutamas 1
50480 Kuala Lumpur
Building - Retail and Carpark 150,187 Freehold 9 391,100 25-Jul-11*
GM 4733 Lot 149 Seksyen 58
Bandar of Kuala Lumpur
Daerah Kuala Lumpur
Land held for property
development
6,434 Freehold - 324,221 4-Jun-11*
Arcoris
GM 9305 Lot 80199
Mukim Batu
Daerah Kuala Lumpur
Hotel, Retail and Carpark 66,397 Freehold 2 (Hotel),
3 (Retail and
Carpark)
313,647 20-Mar-12
PN 102216 Lot 93720
Mukim Petaling
Daerah Petaling
Selangor Darul Ehsan
Land held for property
development
77,864 Leasehold
expiring on
18-Sep-2093
- 119,269 03-Feb-18
PN 9988 Lot 1108
Pekan Kajang
Daerah Ulu Langat
Selangor Darul Ehsan
Land held for property
development
136,205 99 years lease
expiring on
22-Dec-2090
- 99,663 14-Jun-11*
PN 9989 Lot 1109
Pekan Kajang
Daerah Ulu Langat
Selangor Darul Ehsan
Land held for property
development
98,329 99 years lease
expiring on
22-Oct-2090
- 63,041 14-Jun-11*
PTD 4936-4955 and 7905
Mukim of Batang Padang
Daerah Batang Padang
Perak Darul Ridzuan
Agriculture land 9,710,241 Leasehold
expiring on
18-Aug-2109
- 76,192 19-Aug-10
Aurora Retail
224-252 La Trobe Street
Melbourne, Australia
Building - Retail 2,123 Freehold 2 88,574 24-Aug-18


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 4:20 PM | 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 & INTERNATIONAL FUNDS DELAWARE
EMERGING MARKETS FUND
17,000,000 0.38
14. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBNY FOR DIMENSIONAL EMERGING MARKETS VALUE FUND
16,753,445 0.37
15. CARTABAN NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR STATE STREET BANK & TRUST COMPANY (WEST CLT OD67)
15,100,800 0.33
16. AMANAHRAYA TRUSTEES BERHAD
PUBLIC ITTIKAL SEQUEL FUND
12,835,400 0.28
17. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBLDN FOR POLUNIN EMERGING MARKETS SMALL CAP FUND, LLC
10,659,934 0.24
18. AMANAHRAYA TRUSTEES BERHAD
PUBLIC ISLAMIC DIVIDEND FUND
10,376,500 0.23
19. AMANAHRAYA TRUSTEES BERHAD
PUBLIC SAVINGS FUND
9,090,300 0.20
20. CITIGROUP NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR CITIBANK NEW YORK (NORGES BANK 1)
8,793,100 0.19
21. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBNY FOR DFA EMERGING MARKETS SMALL CAP SERIES
8,599,800 0.19
22. HSBC NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR BANK JULIUS BAER & CO. LTD. (SINGAPORE BCH)
8,361,365 0.18
23. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
EMPLOYEES PROVIDENT FUND BOARD (RHBISLAMIC)
7,900,000 0.17
24. AMANAHRAYA TRUSTEES BERHAD
PUBLIC ISLAMIC EQUITY FUND
7,639,600 0.17
25. DB (MALAYSIA) NOMINEE (ASING) SDN. BHD.
BNYM SA/NV FOR NFU MUTUAL GLOBAL GROWTH FUND
7,500,000 0.17
26. UOB KAY HIAN NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR UOB KAY HIAN PTE. LTD. ( A/C CLIENTS )
6,508,747 0.14
27. DB (MALAYSIA) NOMINEE (ASING) SDN. BHD.
SSBT FUND ZYEF FOR VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND
6,492,365 0.14
28. CARTABAN NOMINEES (ASING) SDN. BHD.
STATE STREET LONDON FUND OD75 FOR ISHARES PUBLIC LIMITED COMPANY
4,825,300 0.11
29. DB (MALAYSIA) NOMINEE (ASING) SDN. BHD.
THE BANK OF NEW YORK MELLON FOR DELAWARE VIP TRUST DELAWARE VIP EMERGING MARKETS SERIES
4,748,132 0.11
30. CARTABAN NOMINEES (ASING) SDN. BHD.
SSBT FUND J724 FOR SPDR S&P EMERGING MARKETS ETF
4,739,288 0.11
TOTAL 3,958,190,801 87.23


Victor Yong
8060 posts

Posted by Victor Yong > Sep 10, 2020 4:27 PM | Report Abuse

by next month ~70%, possible for privatisation like Boustead already announced :)

Upon the maturity of the UEMS
RCPS in October 2020, UEM Group’s
shareholding in UEM Sunrise will increase
to a potential 69.6%.

We also redeemed 123.3 million UEM
Sunrise Redeemable Convertible
Preference Shares (UEMS RCPS) issued
to UEM Group Berhad (UEM Group), our
majority shareholder, in October 2015 at
a redemption value of RM150 million.
The redemption was funded by internally
generated funds. The balance 669.2 million
UEMS RCPS are expected to be converted
into new UEM Sunrise ordinary shares at
RM1.60 per UEMS RCPS for one ordinary
share.


newbie300
168 posts

Posted by newbie300 > Sep 10, 2020 5:22 PM | Report Abuse

so the price will fly up in Oct...? or gravity flow to south...?


newbie300
168 posts

Posted by newbie300 > Sep 10, 2020 5:22 PM | Report Abuse

mind to give more clearer picture?...Thanks


Steady Punpipi
4279 posts

Posted by Steady Punpipi > Sep 10, 2020 5:50 PM | Report Abuse

The end for Uemsunset......sad


Steady Punpipi
4279 posts

Posted by Steady Punpipi > Sep 10, 2020 8:58 PM | Report Abuse

CEO and KHz keeps disappointing shareholders again and again ....


Steady Punpipi
4279 posts

Posted by Steady Punpipi > Sep 11, 2020 7:23 AM | Report Abuse

Today maybe hope to close green after dropping from 0.4x non stop ....maybe miracles will happen ? Lolzzz


Good123
8491 posts

Posted by Good123 > Sep 11, 2020 9:31 AM | Report Abuse



Chairman Datuk Bakarudin Ishak said the hike would be supported by the newly-launched Digital SRP that provides new access for prospective first-time housebuyers to a wider selection of properties, including SRP.

KUALA LUMPUR: The number of loan approved for the My First Home Scheme (SRP) could increase by 14,400 this year, or 54.93%, from a base of 26,213 in 2019, with a total financing of RM9bil, says Cagamas SRP Bhd.

Chairman Datuk Bakarudin Ishak said the hike would be supported by the newly-launched Digital SRP that provides new access for prospective first-time housebuyers to a wider selection of properties, including SRP. — Bernama


Good123
8491 posts

Posted by Good123 > Sep 11, 2020 9:32 AM | Report Abuse

KUALA LUMPUR (Sept 11): AmBank Group Research said it remains relatively premature to conclude that there will not be further rate cuts after Bank Negara Malaysia (BNM) decided to leave the policy rate unchanged in the latest MPC meeting, holding the overnight policy rate (OPR) at 1.75%.

In a note today, AmBank chief economist and head of research Dr Anthony Dass said as pointed out by BNM, the downside risk remains although the economic activity continues to recover from the trough in April supported by the stimulus measures.

“Does this mean that BNM has put the brakes on rate cutting following a cumulative 125bps in 2020 to bring the OPR to a record low of 1.75%?

“Hence it is vital at this point in time to realise that just because we are seeing some good economic numbers, it does not mean the worst is over.

“Besides, we need to recognise that we still have a long way to go before this pandemic is really over.

“Thus, we cannot totally discount that rate cuts have come to a total halt,” he said.


Steady Punpipi
4279 posts

Posted by Steady Punpipi > Sep 11, 2020 9:49 AM | Report Abuse

Been dropping hard for the past few days ...

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ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 YONGTAI 0.365+0.07 
 MTRONIC 0.135+0.015 
 HWGB 0.88+0.035 
 SAPNRG 0.125+0.005 
 AT 0.195+0.01 
 MTRONIC-WA 0.09+0.015 
 KNM 0.23+0.02 
 PHB 0.030.00 
 INIX 0.33+0.065 
 EAH 0.03-0.005 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
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5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
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