Highlights
KLSE: SIMEPROP (5288)       SIME DARBY PROPERTY BERHAD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.55   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 3,740 Million
NOSH: 6,801 Million
Avg Volume (4 weeks):4,243,165
4 Weeks Range:0.55 - 0.61
4 Weeks Price Volatility (%):
90.16%
52 Weeks Range:0.475 - 0.94
52 Weeks Price Volatility (%):
58.51%
Average Price Target: 0.70
Price Target Upside/Downside: +0.15

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#2]  |  26-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  27-Nov-2020
T4Q P/E | EY: 61.74  |  1.62%
T4Q DY | Payout %: 3.64%  |  224.51%
T4Q NAPS | P/NAPS: 1.39  |  0.40
T4Q NP Margin | ROE: 1.09%  |  0.64%

Headlines

Date Subject
07-Oct-2020 Sime Darby Property headquarters temporarily shut after one staff tests positive for Covid-19
28-Aug-2020 Mplus Market Pulse - 28 Aug 2020
28-Aug-2020 Sime Darby Property - Completed inventories reduced by 22.6% YoY
27-Aug-2020 Sime Darby Property- Impairments Weigh
27-Aug-2020 Sime Darby Property - 1HFY20 Core Net Profit Falls by 78%
27-Aug-2020 Sime Darby Property - Impairment Drag
26-Aug-2020 Mplus Market Pulse - 26 Aug 2020
22-Jul-2020 Mplus Market Pulse - 22 Jul 2020
20-Jul-2020 Property & REIT - Still lacking catalyst
15-Jul-2020 Mplus Market Pulse - 15 Jul 2020
27-May-2020 Sime Darby Property- Cash flow management is the priority for FY20
22-May-2020 PublicInvest Research- A Slow Start
22-May-2020 Sime Darby Property Bhd - Below Our Expectation
22-May-2020 SD Property - Downgrading: Negative Surprise in 1Q20
22-May-2020 Sime-Darby-Property- 1QFY20 core net profit falls by 68%
22-May-2020 Mplus Market Pulse - 27 May 2020
25-Apr-2020 【行家论股/视频】森那美产业 转战网上冲买气
09-Apr-2020 Property & REIT - Near-term outlook uncertain; steps up social responsibility
01-Apr-2020 Property Developers - Distressed Basement Valuations
04-Mar-2020 Stocks on Radar - Sime Darby Property (5288)

Business Background

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  liverpool82 likes this.
 
Good123 a penny stock but part of sime Darby group . should as gold
06/08/2020 4:20 PM
Good123 cyclical play on property stocks could be coming :)

Post-Movement Control Order (MCO), the residential market is expected to see a slow uptick, supported by various stimulus provided by the government, especially the reintroduction of the Home Ownership Campaign (HOC), according to Knight Frank Malaysia managing director Sarkunan Subramaniam.  In a July 13 statement in conjunction with the launch of the Malaysia Real Estate Highlights for 1H2020 bi-­annual report, he said, “The reintroduction of the HOC, which features stamp duty exemptions and the lifting of the margin of financing limit for the third housing loan onwards for property valued at RM600,000 [and above], as well as real property gains tax exemption unveiled in the short-term Economic Recovery Plan (Penjana) will help stimulate the market.”

In addition, Bank Negara Malaysia cut the overnight policy rate (OPR) for the third time during the review period by a further 25 basis points to 1.75% this month to help lower the monthly repayment sum, which, coupled with the automatic loan moratorium for six months from April 1, will provide some relief to households amid the current crisis, he added.

“Also, with a lower monthly repayment sum, borrowers who failed to obtain a loan due to the restriction of the one-third debt service ratio rule may now have higher chances of securing financing,” he said.
06/08/2020 5:24 PM
Good123 Setiap suku tak pernah rugi, tak pernah Minta Wang melalui right issue Dan tak pernah gagal membayar Dividen
06/08/2020 5:40 PM
Good123 jenama sime properties juga baik. dipercayai ramai orang
06/08/2020 5:41 PM
Good123 pernah rugi cuma satu suku tapi tahun itu secara keseluruhan Masih untung
06/08/2020 5:45 PM
Good123 one of the best increase in cash and cash equivalents

SIME DARBY PROPERTY BERHAD
Registration No: 197301002148 (15631-P)

7
Unaudited Condensed Consolidated Statement of Cash Flows (continued)
Amounts in RM thousand unless otherwise stated
Quarter ended
31 March
2020 2019


Net changes in cash and cash equivalents 185,906 72,565
Foreign exchange differences (3,767) (378)
Cash and cash equivalents at beginning of the period 743,338 649,090
Cash and cash equivalents at end of the period 925,477 721,277

For the purpose of the Statement of Cash Flows, cash and cash
equivalents comprised the following:
Cash held under Housing Development Accounts 396,755 362,746
Bank balances, deposits and cash 528,722 358,531
925,477 721,277
06/08/2020 6:43 PM
Good123 simeprop could give a surprise with the monetisation of low-yielding and non-core assets
06/08/2020 6:45 PM
Good123 Also, remember the management’s efforts to expand its recurring income base through the development of built-to-suit industrial space, which is less competitive compared with other commercial sub-sectors such as retail and office space.
06/08/2020 6:47 PM
Good123 the group’s focus to adopt an active land bank management practice, given its sizeable undeveloped land bank.

It will enhance the role as a master developer for faster turnarounds of future developable land bank of about 8,400 acres (3,399ha).

In addition, the group plans to expedite the disposal of several non-strategic land parcels, in line with its asset monetisation initiatives.
06/08/2020 6:48 PM
Good123 The group will continue to unlock the value of its non-core assets, and reinvest and expand its recurring income asset portfolio, particularly managed industrial parks.

Capitalising on strong demand for industrial properties, the management has identified strategic locations for industrial developments within the group’s key townships, such as Bandar Bukit Raja in Klang, Serenia City in Sepang and Nilai, Negeri Sembilan.

Over the long term, the reinstatement of the East Coast Rail Link and potential revival of Kuala Lumpur-Singapore high-speed rail (HSR) would also benefit Sime Darby Property’s land bank near/along the proposed stations of the rail alignment.
06/08/2020 6:50 PM
Good123 Sime Darby Property currently owns about 2,838 acres of land within MVV. The group will have access to a further 8,793 acres of land via the MVV option agreement with Sime Darby Bhd.

Being a master developer of MVV, the management is accessing various options to develop the land, including looking for joint-venture partners and/or developing the land on its own gradually.

Should the HSR being revived, we believe MVV would return to the radar of local and foreign investors.
06/08/2020 6:51 PM
Good123 baguslah, buatlah segera, bagi 90sen special dividen macam Airasia selepas jualan kapal terbang. TQ.


the monetisation of low-yielding and non-core assets is also on track.
06/08/2020 6:53 PM
Good123 NAV ~RM1.41, share price only 62.5sen. pls sell half the net assets and return to the shareholders asap, say, say, special dividend.


the monetisation of low-yielding and non-core assets is also on track.
06/08/2020 6:55 PM
Good123 simeprop Ada banyak aset Di Banyak lokasi Yang strategik. boleh dijualkan dengan harga Yang baik .


the monetisation of low-yielding and non-core assets is also on track.
06/08/2020 6:57 PM
Good123 asb holds so many shares :) Circumstances by reason of which change has occurredAmanahRaya Trustees Berhad - Amanah Saham Bumiputera (Acquisition of 1,337,100 shares on 26 June 2020)Nature of interestDirect InterestDirect (units)3,059,117,200Direct (%)44.981Indirect/deemed interest (units)Indirect/deemed interest (%)Total no of securities after change3,059,117,200Date of notice26 Jun 2020Date notice received by Listed Issuer30 Jun 2020
06/08/2020 7:22 PM
Good123 sime Darby properties Salah satu permata dalam sektor hartanah negara
06/08/2020 7:38 PM
Good123 bagus :)

Maintain OUTPERFORM and TP of RM0.88. We maintain our conservative adjusted P/BV valuation method to ascertain the trough valuations of property stocks amid the prevailing market down-cycle. Our TP remains unchanged despite lowering our P/BV multiple SD to -1.5SD of its 3-year historical band at 0.64x (from -1SD of 0.63x post updating our bands), and on an adjusted BV/share of RM1.38 (from RM1.40) after imputing a 40% discount to its latest available inventory level of completed properties. We believe SIMEPROP remains an OP as we have priced in most negatives to our earnings and valuations given its oversold position (-25% YTD, trading at a 52% discount to BVPS), while coming quarters should see better earnings as work progress is resuming gradually post MCO and on expectations of lumpy land sale gains ahead. We continue to like SIMEPROP for its healthy balance sheet and low gearing levels of 0.25x which bode well during times of uncertainty, and its active inventory clearing efforts to RM6.5b (from RM6.6b in 1Q19).

Source: Kenanga Research - 22 May 2020
06/08/2020 8:49 PM
Good123 the Company remains confident in its financial position, as reflected by its strong
track record and a robust balance sheet. As at 31 March 2020, unbilled sales in hand remained at a healthy
RM1.5 billion, coupled with a targeted pipeline of new launches. The Company’s bank balances also stood
at RM925.5 million with solid cashflow from operations at RM120.5 million, while its net gearing ratio
remained low at 0.26x.
06/08/2020 9:18 PM
Good123 New senior management line-up for Sime Darby PropertyThursday, April 23rd, 2020 at , Money | News

Byy ASILA JALIL

SIME Darby Property Bhd welcomed a new senior management line-up yesterday, including Datuk Azmir Merican Azmi Merican as group MD.

Azmir Merican took office yesterday, after helming asset management and infrastructure solutions firm UEM Edgenta Bhd for over five years.

Prior to his appointment at Sime Darby Property, which was first announced in January 2020, Azmir Merican was MD and CEO of UEM Edgenta from August 2014. He joined UEM Group Bhd, UEM Edgenta’s parent, as group COO of business units in 2012.

During his tenure at UEM Edgenta, Azmir Merican led its ongoing transformation as a technology-driven company in the healthcare support services, property and facility solutions, as well as infrastructure sectors.

“Azmir Merican has an excellent track record of delivering results, and his expertise includes organisational transformation, business restructuring, operational competence and corporate finance,” Sime Darby Property said in a statement yesterday.



Azmir Merican’s (left) expertise includes business restructuring, operational competence and corporate finance. Izzat Alhadjri was appointed as the company’s acting head of corporate communications effective April 1

Azmir Merican replaces Datuk Seri Amrin Awaluddin, who resigned as group MD in May last year to serve as MD of Boustead Holdings Bhd.

Azmir Merican began his career as an investment analyst before becoming a manager in the financial and corporate advisory arm of PricewaterhouseCoopers. Subsequently, he worked with CIMB Investment Bank Bhd before joining AWC Bhd as its group CEO and MD.

With Azmir Merican’s effective appointment, Datuk Wan Hashimi Albakri Wan Ahmad Amin Jaffri, who was serving as acting group CEO, resumes his position as the group’s COO of township development.

Sime Darby Property also appointed Mohd Sohimin Mohd Alayedin as its chief special projects officer. Mohd Sohimin was previously Tropicana Corp Bhd’s ED and has more than 29 years of experience in property development and construction.

He holds a Bachelor of Science in Civil Engineering from California State University, US, and is currently a member of The Institution of Engineers, Malaysia.

In the past, he held senior positions in various companies including Glenmarie Properties Sdn Bhd, a wholly-owned subsidiary of DRB Hicom Bhd, Kumpulan Hartanah Selangor Bhd and Sunway City Bhd.

Another addition to the company’s senior management line-up is Izzat Alhadjri, who was appointed as the company’s acting head of corporate communications effective April 1, 2020.

Sime Darby Property chairman Tan Sri Dr Zeti Akhtar Aziz welcomed the appointment of the new members, whom she said “possess in their respective backgrounds, a wealth of experience and are well-positioned to steer the company forward in an environment that is beset with great global economic uncertainties”.

The developer recorded a net profit of RM598.53 million in 2019 versus a net loss of RM238.46 million in 2018, while revenue increased 29.8% year-on-year to RM3.18 billion in 2019.

Its property development segment remained the key driver as it posted a 597.6% or RM357.1 million jump in contribution compared to the previous year.

The company also achieved total sales of RM3.1 billion last year, exceeding its RM2.3 billion target by 35%.
06/08/2020 10:04 PM
Good123 good. Sime Darby Property hits RM680m in sales with online campaigns during MCOFriday, July 17th, 2020 at , News | Property

by BERNAMA/ pic by RAZAK GHAZALI

VARIOUS online campaigns by Sime Darby Property beginning from March 25 until July 5 have garnered 740 bookings for properties within Klang Valley and Johor valued at RM680 million.

Purchasers were mainly from within the Klang Valley and surrounding areas and some were even from as far as China, the company said in a statement today.

Its website traffic was high throughout the campaigns, averaging more than twice the usual volume, despite sales galleries closed or operating at half capacity during the Movement Control Order (MCO) period.

The first of the well-received online campaigns was the ‘Online Guided Sales Experience’ that provided potential homebuyers with end-to-end virtual sales experience, from prospecting to booking collection via digital means.

The said campaign furnished specially curated online sales kits to provide potential homebuyers all the necessary product information; virtual 360° product tours for more enhanced viewing of a unit; online booking and payment.

Two other campaigns were launched to introduce more great deals for selected projects, riding on the government’s six-month moratorium on loan repayments.

“The successful online campaigns show that Sime Darby Property can embrace digitalisation and adapt to the changing operating landscape,” its group managing director Datuk Azmir Merican said.

“Future Sime Darby Property launches will also benefit from the utilisation of online portals, now part of the digital transformation initiative aimed to revolutionise the company’s property buying process,” he added.

Amid the strong sales momentum, the company will relaunch the ‘Spotlight 8’ campaign starting tomorrow until Sept 27.

Last year’s ‘Spotlight 8’ campaign sold a total of 1,160 units within Klang Valley area achieving over RM1.1 billion in sales.
06/08/2020 10:07 PM
Good123 Sime Darby Property Launches New Campaign After Hitting More Than Half A Billion Ringgit Sales With Online Campaigns During MCO

ARA DAMANSARA, 17 JULY 2020 – Sime Darby Property’s various online campaigns which began on 25 March and ended on 5 July 2020, have garnered more than 740 bookings for properties within the Greater Klang Valley and Johor worth about RM680mil.

The impressive numbers were achieved despite our sales galleries closed or operating at half capacity during the Movement Control Order (MCO) period, standing testament to the Company’s successful manoeuvring of online sales tactics and strategies.

Purchasers were mainly from within the Klang Valley and surrounding areas, and some were even from as far as China. Sime Darby Property’s website traffic was consistently high throughout the campaigns, averaging more than twice the usual volume.

Online Guided Sales Experience Campaign

The first of the well-received online campaigns was the Online Guided Sales Experience that provided potential homebuyers with end-to-end virtual sales experience, from prospecting to booking collection via digital means.

The said campaign furnished specially curated online sales kits to provide potential homebuyers all the necessary product information; virtual 360° product tours for a more enhanced viewing of a unit; online booking and payment.

Special Deals and Your Instalments On Us Campaigns

Two other campaigns were launched to introduce more great deals for selected projects, riding on the Government’s six-month moratorium on loan repayments. The Special Deals and Your Instalments On Us campaigns brought great returns to the Company throughout their respective periods.

Six products featured in the Your Instalments On Us namely Laman Lakeside in Bandar Bukit Raja, Elmina Valley 2 in City of Elmina, and Redup in Bandar Ainsdale, Negeri Sembilan were sold out during the campaign period.

Sime Darby Property Group Managing Director Dato’ Azmir Merican believes that the online campaigns have allowed homebuyers to own prime properties with greater convenience.

“The successful online campaigns show that Sime Darby Property can embrace digitalisation and adapt to the changing operating landscape. Future Sime Darby Property launches will also benefit from the utilisation of online portals, now part of the digital transformation initiative aimed to revolutionise the Company’s property buying process.”

Azmir added that it is heartening to see many homebuyers enjoying incredible deals thanks to the online campaigns curated specially to ease the financial burden of home ownership. On top of that, he believes that buyers have the assurance of receiving well-designed products from Sime Darby Property, a highly reputable property developer with a strong brand presence in the market.

Upcoming Spotlight 8 Campaign

To continue the strong momentum, Sime Darby Property will be bringing back the Spotlight 8 campaign starting 18 July 2020, featuring New Launches and Superdeals at different locations every weekend until 27 September 2020. Purchasers can look forward to maximum savings with Home Ownership Campaign (HOC) 2020 together with these incredible offers. The campaign will kick off with the launch of Elmina Green 3, which being landed and freehold, is the ultimate investment.

Last year’s Spotlight 8 campaign sold a total of 1,160 units within Bandar Bukit Raja, City of Elmina, KL East, Subang Jaya, Serenia City, Putra Heights, Kajang and Negeri Sembilan, achieving over RM1.1bil in sales.

Stay updated on the Spotlight 8 campaign and other Sime Darby Property activities and developments at simedarbyproperty.com, Facebook, Instagram and the Sime Darby Property Mobile App (available for download via the App Store and Google Play).
06/08/2020 11:29 PM
Good123 About Sime Darby Property Berhad

Sime Darby Property is a leading property developer with a strong success rate of developing sustainable communities for over 47 years. With 24 active townships/developments, Sime Darby Property has a wide reach that encompasses assets and operations across the globe. It marks its presence in the UK as part of a Malaysian consortium to develop the iconic Battersea Power Station Project in central London.

As a responsible corporate player, Sime Darby Property and its philanthropic arm Yayasan Sime Darby (YSD) actively roll out various initiatives to assist the underprivileged communities living within and nearby its townships nationwide. A multi-award winning property group with numerous international and local accolades, Sime Darby Property is the only Malaysian property developer to be selected as an index component of Dow Jones Sustainability Indices (DJSI) for the second consecutive year.

It is also the first Malaysian property developer to be awarded the International FIABCI Prix d’Excellence Awards twice for its Subang Jaya and UEP Subang Jaya townships. The company bagged its 10th consecutive Gold at the Putra Brand Awards 2019 and its 6th consecutive Top 10 Developers Awards at the BCI Asia 2015.

Sime Darby Property has also been recognised as among the top developers in Malaysia in the annual The Edge Top Property Developers Awards, a recognition which the company consistently receives since 2009.
06/08/2020 11:30 PM
Good123 Over 85% Take-Up for Sime Darby Property's Elmina Green Three Within 15 Minutes

ARA DAMANSARA, 23 JUNE 2020 – Demand for property in the City of Elmina continues to rise as 187 units of the first two phases of Elmina Green Three homes were taken up within minutes of their preview.

Elmina Green Three is the latest phase of freehold two-storey houses in the Sime Darby Property’s award-winning township in Shah Alam. It comprises 412 units of 20x80 extended linked homes with built-up areas from 2,262 sq ft to 2,983 sq ft.

91 units of Phase 1 homes were open for pre-launch sale during an online preview on 6 June with 100% take-up rate within 15 minutes. Phase 2 preview on 20 June saw a 76% take-up rate in less than half hour. The units are priced from RM709,999 and RM714,499, respectively after rebates and before Bumiputra discount.

Both previews drew great interest from potential homeowners from not just within Malaysia, but also Hong Kong, Singapore, Brunei, and the United Kingdom (UK).

Muhammad Naim Mahmud, who resides in the UK, said that he is familiar with the quality of Sime Darby Property’s products, hence returning as a satisfied buyer.

After reading various online reviews on Elmina Green Three, 49-year-old Naim said the product’s layout and special fittings like water heater, water filter and grilles, drew his interest. He believes these are significant advantages to homebuyers as they do not have to install the features themselves.

Petaling Jaya resident Matthew Anthony sees Elmina Green Three as a long-term family home. The 34-year-old IT security analyst was attracted to the value for money product which offers additional fittings, rebates and reasonable interest rates during this period.

Elmina Green Three comes with an improved interior finishing. Potential homeowners will have a hassle-free move in experience with FittingsPlus features such as instant water heaters, outdoor water filter, air conditioning unit points and piping (without indoor unit), booster pump, and built-in MS Grilles. These features offer peace of mind while maintaining the signature Elmina Green façade.

Sime Darby Property Chief Operating Officer – Township Development Dato’ Wan Hashimi Albakri said the response to Elmina Green Three was overwhelming.

“We were astounded that it took about 15 minutes for all Phase 1 units to be reserved. The Phase 2 public preview last weekend also drew good results with 96 out of 127 units booked.”

“The reception towards Elmina Green Three has given us a sense of comfort in knowing that despite the current period of uncertainty, people are still interested in purchasing a property. The success of our previews demonstrates that with the right marketing strategy and better products, customers will continue to show support,” he said.

Prior to the launch of Elmina Green Three, there was an increase in the company’s website traffic, with enquiries and bookings flooding in on a steady basis for available Sime Darby Property projects. Wan Hashimi believes that the consistent strong brand of City of Elmina is able to attract new prospects and returning customers who are looking for a modern wellness living.

He said that the use of an online portal for bookings was a digital transformation initiative aimed to revolutionise the company’s property buying process, adding that future Sime Darby Property launches will also utilise and benefit from the system.
06/08/2020 11:32 PM
Good123 Continued Commitment to
Performance
For the year ended 31 December
2019, the Group has performed
satisfactorily with a net profit of
RM598.5 million, a significant
improvement from 2018. This is on
the back of a 30 percent rise in
revenue to RM3.2 billion for 2019.
In building our foundations for
consistent financial performance, we
remain committed to offer
predictability in earnings to our
shareholders year-on-year.
I am pleased to inform that the Board
has declared dividends amounting to
3.0 sen per share for the financial
year ended 31 December 2019 with a
total dividend payout to shareholders
amounting to RM204 million.
The dividends declared are a
reflection of the value of the
company. Our future will however
also rely heavily on our continuing
leadership in anticipating and
proactively responding to the newly
emerging trends and to be well-
positioned to meet the consequent
challenges with solutions of the future
– for both customers as well as the
marketplace.
07/08/2020 6:39 AM
Good123 In 2019, our capabilities were also
strengthened through our joint
venture projects, in particular, for the
industrial business segment. We not
only launched the Bandar Bukit Raja
Industrial Gateway, but our project
proved to be a milestone for the
township with Built-to-Suit facilities
and ready supply chain hubs.
07/08/2020 6:41 AM
Good123 Sime Darby Property was not unaffected by the softened market. While the prospects
seemed weak, our strength as a township developer gave us some protection against the
demand and supply situation. Our ability to design and deliver product solutions to a
cross-section of consumers in the market gave us a business advantage, in terms of our
flexibility to diversify our revenue potential across segments. In 2019, a major share of
our offerings was in the affordable product segment, targeted at first-home buyers. This
strategy was instrumental in garnering good response from the market, contributing to
our overall performance.
07/08/2020 6:43 AM
Good123 Additionally, affordability alongside accessibility has been and will
be the key customer value proposition into the future. During the
year under review, we launched Elsa, our first product under the
Affordable Collection in Bandar Bukit Raja, which was fully sold-out
on the launch day itself. This encouraging trend continued with
Serenia City, our youngest township, recording take-up rates of
more than 90 percent.
07/08/2020 6:45 AM
Good123 Beyond Strategies: Realigning with the Changing
Landscapes
The predictions of increased economic and industrial headwinds will
catalyse corporations, particularly those in key sectors, to realign their
strategies moving forward. This global predicament pushes the
Management to remain vigilant in ensuring Sime Darby Property, as the
largest property developer in the country, with international exposure,
is protected via prudent cash flow management, alignment of
immediate priorities and increased engagements with stakeholders.
More than two years after we unveiled our five strategic priorities, we
believe that the Company has gained positive momentum. A key part of
this is the setting-up of a new Industrial and Logistics Development
business segment to spearhead our venture into this new growth area,
especially in Bandar Bukit Raja, Serenia City and City of Elmina. We
expect Bandar Bukit Raja to be a major beneficiary from the opening of
two interchanges connecting the township to the new West Coast
Expressway.
The Malaysia Vision Valley 2.0 is also gaining traction with the
groundbreaking of its first industrial park in Nilai Impian. MVV 2.0 has
been well supported by the Negeri Sembilan State Government and the
revival of two major infrastructure projects, namely the East Coast Rail
Link and the High Speed Rail, would benefit the development.
As for residential development, we will continue to prioritise
developments in key areas, namely townships along the Guthrie
Corridor Expressway, Bandar Bukit Raja, Serenia City and Nilai Impian.
This momentum however is expected to be affected by the global
economic downturn that will beset Corporate Malaysia. While it is
difficult to predict the near-term outlook, Sime Darby Property will
prepare for all eventualities by being agile and respond rapidly to
changes in the internal and external environment.
The COVID-19 pandemic has taught us that disruption comes in many
forms. The restrictions that entail pushes us to rise and meet the
changing requirements, and to keep up, we are using this period to
revisit our current strategies to move towards a more wholesome
approach of township development. This includes creating a supportive
ecosystem for healthcare sector and SMEs as well as forming catalytic
partnerships beneficial to the communities within our developments.
07/08/2020 6:47 AM
Good123 FOREIGN: 40% ASSOCIATES
Battersea Project Holding Company Limited Group
Battersea Power Station Development Company
Limited Group
Battersea Power Station Estates Limited
07/08/2020 6:49 AM
Good123 2019
• Launch of dto, Malaysia’s
first property co-creation
digital platform.
• Sime Darby Property is
reselected as an Index
Constituent in the Dow
Jones Sustainability Index.
• Sime Darby Property makes
more than RM1 billion sales
with Primetime 8 campaign.
• Sime Darby Property
partners a Malaysian-based
environmental NGO to set
up a rainforest knowledge
centre in the City of
Elmina.
• Sime Darby Property
collaborates with TNBX
Sdn Bhd to provide
smarter and greener homes
in the City of Elmina.
• Spotlight 8 campaign hits
RM1 billion sales.
• Groundbreaking
ceremony of Bandar
Bukit Raja Industrial
Gateway.
07/08/2020 6:50 AM
Good123 Total Group Properties 21,176 land area(acres) RM7,256,091,000. @31 Dec 2019. hope , monetise and sell some non-core or strategic ones and pay special dividend to shareholders
07/08/2020 6:56 AM
Good123 Substantial Shareholders as per the Register of Substantial Shareholders@31.3.2020
No. Name of Shareholders
No. of
Shares Held
(Direct Interest)
% of
Issued Shares
No. of
Shares Held
(Indirect/
Deemed Interest)
% of
Issued Shares

1 Amanahraya Trustees Berhad
– Amanah Saham Bumiputera 2,989,949,600 43.964 – –
2 Employees Provident Fund Board 707,989,346 10.410 78,232,573 1.150
3 Permodalan Nasional Berhad 369,183,792 5.429 – –
4 Yayasan Pelaburan Bumiputra1 – – 369,183,792 5.429
5 Kumpulan Wang Persaraan
(Diperbadankan) 401,836,212 5.909 26,547,700 0.390

Note:
1 Deemed interested by virtue of its shareholding in Permodalan Nasional Berhad pursuant to Section 8 of the Companies Act 2016.
07/08/2020 6:59 AM
Good123 ANALYSIS OF SHAREHOLDINGS
as at 31 March 2020
Top Thirty (30) Shareholders as per the Records of Depositors
No. Name of Shareholders
No. of
Shares Held
% of
Issued
Shares
1 Amanahraya Trustees Berhad
Amanah Saham Bumiputera 2,989,949,600 43.964
2 Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board 722,243,419 10.620
3 Kumpulan Wang Persaraan (Diperbadankan) 401,836,212 5.909
4 Permodalan Nasional Berhad 369,183,792 5.429
5 Amanahraya Trustees Berhad
Amanah Saham Malaysia 2 – Wawasan 138,000,000 2.029
6 Amanahraya Trustees Berhad
Amanah Saham Malaysia 118,109,900 1.737
7 Amanahraya Trustees Berhad
Amanah Saham Bumiputera 2 107,000,000 1.573
8 Citigroup Nominees (Tempatan) Sdn Bhd
Great Eastern Life Assurance (Malaysia) Berhad (PAR 1) 60,760,649 0.893
9 HSBC Nominees (Asing) Sdn Bhd
JPMCB NA for Vanguard Total International Stock Index Fund 57,546,024 0.846
10 Amanahraya Trustees Berhad
Amanah Saham Malaysia 3 53,885,437 0.792
11 HSBC Nominees (Asing) Sdn Bhd
JPMCB NA for Vanguard Emerging Markets Stock Index Fund 53,637,342 0.789
12 Cartaban Nominees (Tempatan) Sdn Bhd
PAMB for Prulink Equity Fund 50,181,727 0.738
13 HSBC Nominees (Asing) Sdn Bhd
HSBC BK PLC for Kuwait Investment Office (KIO) 41,043,100 0.604
14 Guoline (Singapore) Pte Ltd 40,749,100 0.599
15 Amanahraya Trustees Berhad
Amanah Saham Bumiputera 3 – Didik 40,274,300 0.592
16 Maybank Nominees (Tempatan) Sdn Bhd
Maybank Trustees Berhad for Public Ittikal Fund (N14011970240) 40,000,000 0.588
17 Citigroup Nominees (Asing) Sdn Bhd
CBNY for Norges Bank (FI 17) 37,240,800 0.548
18 Citigroup Nominees (Tempatan) Sdn Bhd
Exempt An for AIA Bhd 36,816,658 0.541
19 Quek Leng Chan 34,450,000 0.507
20 Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA) 34,196,500 0.503
21 Maybank Nominees (Tempatan) Sdn Bhd
Maybank Trustees Berhad for Public Regular Savings Fund (N14011940100) 32,230,416 0.474
22 Cartaban Nominees (Asing) Sdn Bhd
Exempt An for State Street Bank
07/08/2020 7:01 AM
Good123 MIDF Research in a recent report said the aggressive overnight policy rate (OPR) cuts have improved home buyers’ purchasing power.

“Bank Negara cut its overnight policy rate for the fourth time this year by 25 basis points (bps) to a record low of 1.75% in July due to the severe impact of the Covid-19 pandemic on the global economy. The aggressive OPR cuts this year are positive to the sector as it improved home buyer’s purchasing power by reducing loan installments.

“We estimate monthly installments to reduce by 14%, after 125 bps cut for 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 home buyers’ issue of securing home financing, as the record low yield has boosted the affordability of home buyers.”

MIDF Research also said it expected loan demand to recover in the second half of 2020.

Citing Bank Negara’s statistics, it said total applied loan for the purchase of property improved sequentially by 52.9% month-on-month to RM13.1bil in May, after plunging by 64.8% month-on-month in April.

“Note that total applied loan recorded steep decline in April due to the disruption to business activity following the commencement of the MCO.

“Nevertheless, total applied loan in May was lower by 61.8% year-on-year while cumulative total applied loan in the first five months of 2020 was lower by 33.6% year-on-year, indicating buying interest was subdued.”

Looking ahead, the research house expected buying interest to recover in the second half of this year, spurred by incentives introduced by the government.

Under the Short-Term Economic Recovery Plan (Penjana), which was announced in June, the government reintroduced the Home Ownership Campaign (HOC). Under the HOC, stamp duty exemption will be provided on the transfer of property and loan agreement for the purchase of home priced between RM300,000 and RM2.5mil.
07/08/2020 7:31 AM
Good123 The Dow Jones Industrial Average rose 0.68% and the S
07/08/2020 7:36 AM
Good123 jikalau property cyclical play Dah sampai, boleh Naik berapa %? :)
07/08/2020 8:47 AM
Good123

Expensive housing: People sit at a rooftop cafe as residential buildings stand in the background in Seoul. Home prices in Seoul have risen more than 50% since 2017, the fastest pace in the world. — Bloomberg

SEOUL: Even with unemployment spiking as the coronavirus pandemic swept South Korea in February, Baek Seung-min asked his wife to quit her nursing job to help reach a dream they had spent a lifetime chasing: buying their own apartment.

The 35-year-old interior designer said giving up his wife’s 58 million won (US$48,000) salary would improve their chances of securing a property after the government introduced a host of measures aimed at cooling rampant property prices.

The unusual plan was to cut his wife’s income for a while so the couple’s annual earnings were low enough to be eligible for a quota system in new property developments designed to give more low-income newlyweds access to housing.

Even so, Baek and his wife decided to settle two hours west of his Seoul workplace in Incheon, where borrowing rules were looser and apartments far cheaper.

“Seoul home prices grew way out of reach, we had to go all the way to Incheon to buy our place, ” Baek said. “The government is crushing our dreams when they curb loans and tell us not to buy homes, it enrages me.”

Despite more than 20 cooling policies introduced by President Moon Jae-in’s government, home prices in Seoul have risen more than 50% since 2017, the fastest pace in the world, according to statistics site Numbeo.

The surge has dashed the hopes of many young families and signalled that the “middle class contract” that helped build Asia’s fourth-largest economy may have slipped out of reach.

When the left-leaning Moon took office in 2017, his central promise was to create a level playing field for all South Koreans and a society where hardworking people could raise a family and afford a home.

But tighter mortgage rules featuring vastly lower loan-to-value ratios, along with various tax penalties to discourage speculative transactions, are contributing to higher rents and larger down payment requirements – hurting those the policies are intended to help.

Mortgage rules for Seoul now cap borrowing at 40% of the value of the home. Pockets of the glitzy suburb of Gangnam are also subject to a transaction permit system, meaning sales without a permit can be made invalid if a purchase is considered “speculative”.

Critics say such policies mean the “gold spoon” children of the wealthy can snap up the best homes with their cash, leaving “dirt spoons” trapped as second-class citizens – fuelling the inequality Moon promised to tackle.

While some families are cutting their incomes to improve their chances of getting a boost onto the property ladder, others are getting divorced on paper to reduce real estate taxes or not registering their marriage to keep separate home-buying applications, according to two lawyers and a tax accountant Reuters spoke to.

Anger at Moon’s economic policies has wiped out a surge in his approval ratings from the handling of the coronavirus pandemic, slipping back to a near nine-month low of 44.5%, according to a Real Meter survey yesterday. The Presidential Blue House declined to comment.

On Tuesday, Finance Minister Hong Nam-ki said stabilising home prices was the government’s biggest public welfare policy goal as plans were announced to add more than 132,000 new homes in Seoul through 2028.

For decades following the 1950-53 Korean War, South Koreans saw a degree from a top university and an apartment in Seoul as the fastest way to the middle class, which explains why about three-quarters of household wealth is concentrated in real estate.

But now, “dirt spoons” who studied hard and secured white-collar jobs such as lawyers and interior designers say the cooling measures Moon introduced have made it impossible for them to buy a property in Seoul even with a six-figure salary.

It now takes an average South Korean household more than 14 years of income to buy an average Seoul home, assuming zero expenses. It was 11 years when Moon took office, KB Bank data shows. — Reuters
07/08/2020 10:11 AM
JXnotJAX how is this profit making company and so many good news still low? undervalued la this stock, city of elmina whole batch of lands still not developed,
07/08/2020 4:20 PM
JXnotJAX let's buy up, potential RM 1 after qr too undervalued
11/08/2020 11:52 AM
OldWiseMan100 Post removed. Why?
12/08/2020 12:06 AM
JXnotJAX close very nice indeed! next week steady up
14/08/2020 5:02 PM
mf gap down
26/08/2020 1:44 PM
Jeffreyteck Few months ago Apr ....Zeti convinced of Sime Darby Property's resilience in the event of severe setbacks. Then in May, Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2020 (1QFY20) plunged 95% to RM14.15 million. Today Aug, Sime Darby Property swings to loss in 2Q.
Good efforts.
LT negative amidst huge borrowings. ST trading play as may be seen as opportunities of its low price.
26/08/2020 5:54 PM
Good123 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

288,225

865,897

764,962

1,441,029

2Profit/(loss) before tax

-98,252

179,458

-87,328

480,938

3Profit/(loss) for the period

-99,416

191,996

-97,356

466,318

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

-81,766

205,259

-67,613

470,334

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

-1.20

3.00

-1.00

6.90

6Proposed/Declared dividend per share (Subunit)

0.00

1.00

0.00

1.00



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 ($$)

1.3900

1.4300
26/08/2020 8:40 PM
Jeffreyteck MK land nta is close to $1 but price around $0.145.
04/09/2020 7:21 AM
Jeffreyteck Sime Seremban project has 90% take-up rate.... uum, enough to pay management and bod.
25/09/2020 10:13 AM
matg buy and keep
25/09/2020 3:31 PM
matg wah panjang umur terus spike
25/09/2020 4:24 PM
limkokthye An employee at Sime Darby Property (Group) headquarters here has been tested positive for Covid-19. This was confirmed by the conglomerate through its statement issued today. It said the employee was tested positive on Oct 6 and was currently undergoing treatment at the hospital. Following that, it said the headquarters would be temporarily closed for deep cleaning and disinfection exercises.
08/10/2020 6:11 PM
RainT keep how long ?
18/10/2020 7:38 PM


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