Posted by 1009 > 2017-08-23 15:09 | Report Abuse

TP 1.50

Posted by LaksaBoy > 2017-08-23 15:49 | Report Abuse

was 3.50 last time

Posted by tt101 > 2017-08-23 16:03 | Report Abuse

TP 1.33

Posted by limch > 2017-08-24 05:12 | Report Abuse

UEM Sunrise Bhd's net profit for the second quarter ended June 30, 2017 jumped 73% to RM94.55 million from RM54.66 million a year earlier, as revenue rose 67% to RM897.8 million from RM537.81 million.
The better earnings was a result of higher property development revenue from the progress made by the group's Residensi 22 project in Mont Kiara, Teega in Puteri Harbour and Aurora Melbourne Central in Australia.
The group also attributed its improved revenue to the sale of Alderbridge land in Richmond, Canada, amounting to C$113 million (RM371 million), which was disposed of to South Street Development Group.
Cumulative net profit for the first six months of the year climbed 170% to RM155.82 million from RM57.68 million a year ago, as revenue grew 81% to RM1.44 billion from RM795.56 million.
http://www.theedgemarkets.com/article/uoa-development-hua-yang-uem-sunrise-ihh-hap-seng-plantations-th-heavy-ijm-corp-magnum

Posted by BN_menang > 2017-08-24 05:22 | Report Abuse

KUALA LUMPUR (Aug 23): UEM Sunrise Bhd's net profit for the second quarter ended June 30, 2017 increased 73% to RM94.55 million from RM54.66 million a year earlier on the back of a jump in its revenue.
Revenue rose 67% to RM897.8 million from RM537.81 million in the previous corresponding period, thanks to increased property development revenue from the progress made by the group's Residensi 22 project in Mont'Kiara, Teega in Puteri Harbour and Aurora Melbourne Central in Australia.
The group also attributed its improved revenue to the sale of Alderbridge lands in Richmond, Canada, amounting to C$113 million (RM371 million), which was disposed of to South Street Development Group.
The sale, the group said, was in line with its decision not to pursue the development of the Richmond lands, and consolidate efforts and focus on developments in Malaysia and Australia, UEM Sunrise said in a statement today.
Cumulative net profit for the first six months of the year climbed 170% to RM155.82 million, from RM57.68 million in the first half of the previous year. The group attributed this to higher revenue and gains from completed projects' revised cost estimates recognised in the immediate preceding quarter and share of lower profit from joint ventures and associates.
Half-year revenue stood at RM1.44 billion, 81% higher than the RM795.56 million reported previously.
UEM Sunrise managing director and chief executive officer Anwar Syahrin Abdul Ajib said the first-half revenue was the group's best since its listing in 2008.
"Notwithstanding the disposal of our Alderbridge lands in Richmond, Canada, contribution from property development revenue has also improved in view of strong construction progress achieved during the period. We are extremely pleased with these results," he said in a statement.
Property development activities contributed 67% of total revenue during the period, the group said.
Property development sales for the period was RM391.7 million, 46% of which was contributed by the southern region of peninsular Malaysia followed by 32% from the central region, while the remaining 22% was from international projects.
"Sales from projects in the southern region continue to contribute positively, continuing the trend that started in the fourth quarter of 2016. With the right location and product mix, we believe that the market is more receptive on landed mid-market residences," said Anwar Syahrin.
UEM Sunrise expects to continue the positive momentum for the rest of the 2017 with the expected completion of several land sale transactions in the remaining months.
UEM Sunrise share rose eight sen or 7.14% to RM1.20 as at 3.47pm, for a market capitalisation of RM5.22 billion.
 http://www.theedgemarkets.com/article/uem-sunrise-2q-net-profit-73-higher-property-development-revenue

Posted by paktua73 > 2017-08-28 11:53 |

Post removed.Why?

Posted by limch > 2017-08-30 21:59 | Report Abuse

UEM Sunrise and Nusajaya Tech Park hosted the inaugural high-speed rail seminar
http://www.starproperty.my/index.php/articles/investment/uem-sunrise-and-nusajaya-tech-park-hosted-the-inaugural-high-speed-rail-seminar/

Posted by rlch > 2017-09-08 07:37 | Report Abuse

PublicInvest TP RM 1.5.

UEMS - Strong Quarter
Date: 24/08/2017

Source : PUBLIC BANK
Stock : UEMS Price Target : 1.50 | Price Call : BUY
Last Price : 1.19 | Upside/Downside : +0.31 (26.05%)

Back

UEMS’ 2QFY17 net profit came in stronger at RM94.5m (+73.0% YoY, +54.9% QoQ) which was within our expectations but above consensus. YTD, the Group’s 1H2017 net profit of RM155.8m (+170.2% YoY) constituted c.52% and c.68% of our and consensus full year estimates. The quarter came in stronger primarily due to one-off gain from sale of its land in Alderbridge, Canada for RM371m. New sales secured in 1H was lower at RM391.7m, down from RM427.1m sold a year ago. The group is expected to ramp up launches in 2H2017 however, with key projects such as Solaris Parq and Mayfair, Melbourne expected to drive sales. We understand that it also looking to dispose RM449.3m worth of inventories, helped by its new marketing scheme i.e “UEM Sunrise’s EASY Own Plan” which was launched recently. Unbilled sales YTD stands at RM3.3bn, down from RM3.7bn in 1QFY17. Maintain Outperform with TP kept unchanged at RM1.50, pegged to c.50% discount to RNAV. We are still of the view that property demand could take longer than expected to recover, especially those with high exposure in Iskandar Malaysia. That said, UEMS has low holding costs and could unlock the land value by outright land sale or via JVs.

Unbilled sales at RM3.3bn. Again, the Group’s unbilled sales depleted further from RM3.7bn in the previous quarter to RM3.3bn currently with no meaningful launches in 1H2017. Property development contributed 67% of total revenue in 2QFY17; with three key contributors including Residensi 22 (Mont Kiara), Aurora Melbourne Central and Teega (Puteri Harbour). Projects in the Central region contributed the highest with 42% of total revenue while 30% are from overseas and 28% from the Southern region.
On track to meet RM1.2bn sales target in 2017. As mentioned earlier, we believe that the Group’s sales should pick up speed with more launches planned in 2H2017 and should be able to meet its sales target of RM1.2bn in FY17. In July alone, it unveiled projects such as Dahlia (Serene Heights, Bangi with RM58.5m GDV) and Mayfair at St Kilda, Melbourne (RM1.1bn GDV). Remaining projects to be launched include Tower A of Solaris Parq, Dutamas with RM370.5m GDV and Serimbun, Bukit Indah (RM142.1m GDV). Remaining landbank is c.13k acres with estimated GDV in excess of RM100bn. It plans to increase its landbank in the Central region and is currently exploring several opportunities with potential land deals to be signed in due course.
Source: PublicInvest Research - 24 Aug 2017
https://klse.i3investor.com/servlets/ptres/41769.jsp

Posted by Good_buy > 2017-09-12 16:17 | Report Abuse

KL-Singapore high speed rail project ‘wide open’: MyHSR CEO
http://www.theedgemarkets.com/article/singaporekl-high-speed-rail-project-wide-open-myhsr-ceo

Posted by Good_buy > 2017-09-12 16:18 | Report Abuse

Only UEM S is sure winner for HSR as land owner. The rest of project still "wide open".

Posted by BN_menang > 2017-09-14 12:57 | Report Abuse

As Iskandar land owner only UEM S is sure winner for HSR.

Posted by Woot2 > 2017-09-18 15:40 | Report Abuse

dead counter ?

Posted by mala173318 > 2017-09-19 06:32 | Report Abuse

yes is dead counter

Posted by Amanda128 > 2017-09-19 16:33 | Report Abuse

Yesterday MACS give me call buy at 1.21, TP1.31 (8.3%), RM1.36 (12.4%)

Posted by HOLLAN5222 > 2017-09-20 00:14 | Report Abuse

Quarter report goods not mean share price will go up but like SENDAI.

Posted by lilian513 > 2017-09-20 11:39 | Report Abuse

any hope for this counter?

Posted by ivan9511 > 2017-09-23 03:36 | Report Abuse

wait 1.05

Posted by Eric Lim > 2017-09-24 23:01 | Report Abuse

hopeless

Posted by johorean8 > 2017-09-30 16:39 | Report Abuse

Dr M urges Johoreans to let inept Umno leaders 'be doomed'
Read more at https://www.malaysiakini.com/news/396815#cCradow0glJ6CGk7.99

Posted by limch > 2017-10-02 17:31 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5560685

Posted by limch > 2017-10-02 17:33 | Report Abuse

Additional CAD$ 746,074(RM 2.45 million) from Canadian land disposal.

Posted by Kubistrader > 2017-10-05 12:03 | Report Abuse

On supportt..

Posted by limch > 2017-10-05 22:26 | Report Abuse

Singapore's bill proves KL-Singapore high speed rail project on schedule - Johor exco
https://www.nst.com.my/news/nation/2017/10/287856/singapores-bill-proves-kl-singapore-high-speed-rail-project-schedule

Posted by limch > 2017-10-05 22:38 | Report Abuse

Property sector expect recovery next year.

Posted by limch > 2017-10-05 22:40 | Report Abuse

Foreign funds selling also possible since Tabung Haji bought this week.

Posted by Supertonic000 > 2017-10-07 22:23 | Report Abuse

i believe it will be moving soon...

Posted by Darren > 2017-10-09 10:13 | Report Abuse

Property sector start moving

Posted by limch > 2017-10-09 13:55 | Report Abuse

UEM Sunrise on track to secure RM1.2b sales in FY17
Read more at http://www.thestar.com.my/business/business-news/2017/10/09/uem-sunrise-on-track-to-secure-rm1pt2b-sales-in-fy17/#IVrV9bb7ZvDsT5ij.99

Posted by limch > 2017-10-10 01:37 | Report Abuse

UEM Sunrise targets 50% take-up for luxury Dutamas homes by year end
https://www.edgeprop.my/content/1208932/uem-sunrise-targets-50-take-luxury-dutamas-homes-year-end

Posted by Nobulshit > 2017-10-13 08:43 | Report Abuse

TH has been securing 1 million units on a daily basis since last week.

Posted by swardodo > 2017-10-13 08:45 | Report Abuse

Still dreaming on property ah? Luxury condo again? What did Bank Negara said yesterday? Go figure lah

Posted by BN_menang > 2017-10-24 11:44 | Report Abuse

HSR who gain? G Kent, YTL, Gamuda, USA etc still fighting.

Posted by BN_menang > 2017-10-24 11:49 | Report Abuse

swardodo you UEM S shortie? You talk at IW City I respect you.

Posted by BN_menang > 2017-10-24 11:52 | Report Abuse

I bought UEM S bec BN rule. HSR is 1 main project.

Posted by Syndicates > 2017-10-24 19:35 | Report Abuse

Why no announcement for the SPA dealt today?

Posted by pidan2014 > 2017-10-26 10:38 | Report Abuse

One of the active Call warrant UEMS-c45 expires 31/10/2017, will be suspended tomorrow. Expect to rebound tomorrow onward... t/p 1.16/20 ..............

Posted by Syndicates > 2017-10-26 19:22 | Report Abuse

Someone squeezing the price. The more you buy the more he block.

Posted by Syndicates > 2017-10-26 19:27 | Report Abuse

Why there's no announcement regarding this?

https://www.thestar.com.my/business/business-news/2017/10/24/uem-sunrise-buying-johor-land-for-rm13m/

Posted by underthebigtree > 2017-10-27 15:36 | Report Abuse

stochastic

Posted by latif11 > 2017-10-27 15:37 | Report Abuse

?

Posted by underthebigtree > 2017-10-27 15:40 | Report Abuse

stochastic

Posted by tt101 > 2017-10-30 14:39 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5585537

Posted by azharul > 2017-10-30 16:42 | Report Abuse

https://www.thestar.com.my/business/business-news/2017/10/30/uem-sunrise-sells-johor-land-to-country-view-for-rm310mil/

Posted by BigDaddyCool > 2017-10-30 17:12 | Report Abuse

Shooting star...more to come tomorrow

Posted by 3r1cl33 > 2017-10-30 20:17 | Report Abuse

Should be spinning top/doji.

Posted by rlch > 2017-10-30 21:15 | Report Abuse

KUALA LUMPUR: Property developer UEM Sunrise Bhd has inked a deal with Country View Bhd
for the sale of 163.9 acres of land in Johor for RM310mil.

UEM Sunrise, via its wholly-owned subsidiary Bandar Nusajaya Development Sdn Bhd, signed a sales and purchase agreement today with Country View Resources Sdn Bhd, a wholly-owned subsidiary of developer Country View Bhd, for the land in Iskandar Puteri, Johor.

The land sale to Country View leaves UEM Sunrise with 10,000 acres of land bank remaining in the Southern Region, totaling approximately RM94bil in gross development value.
Read more at http://www.thestar.com.my/business/business-news/2017/10/30/uem-sunrise-sells-johor-land-to-country-view-for-rm310mil/#cdjUfqLwfibVFTtO.99

Posted by rlch > 2017-10-30 21:18 | Report Abuse

163.9 acres land in Iskandar Puteri(IP) sold at RM 310 million. If use similar valuation for remaining 10,000 acres in IP, UEM S land banks in IP alone worth RM 18.9 billion or 3.7 times current market capitalisation.

Posted by NorazmiAR > 2017-11-01 09:35 | Report Abuse

I'm totally confuse with this UEMS price movement...so many good news already announced and yet price not moving up...what is wrong with this stock?

Posted by nickengk > 2017-11-01 09:52 | Report Abuse

Despite the huge decline in price, the PE is still a lot higher than the peer group. Not cheap ler. Now the focus is affordable housing.

Posted by NorazmiAR > 2017-11-01 10:38 | Report Abuse

https://www.thestar.com.my/metro/smebiz/news/2017/10/31/third-solaris-project-already-80-taken-up-developer-offers-lucky-draw-prizes-to-those-who-buy-servi/

Even newly lauched Solaris Parq which is above RM1000 psft already received 80% booking. All facts and news indicating positive quarterly results in coming months