UEM SUNRISE BERHAD

KLSE (MYR): UEMS (5148)

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Last Price

1.03

Today's Change

+0.05 (5.10%)

Day's Change

0.975 - 1.04

Trading Volume

18,167,400


20 people like this.

13,890 comment(s). Last comment by 凯翔 赖 1 day ago

Dartmaster

1,029 posts

Posted by Dartmaster > 2018-02-27 20:06 | Report Abuse

joe you sure this is orange?? doesnt sound like him le ...

joetay

3,737 posts

Posted by joetay > 2018-02-27 20:09 | Report Abuse

Winner* 洪福齐天 original nick is flyinghigh.

and the way flyinghigh insults ppl is exactly the same way orange88 insults ppl.

the insulting imprint is the same.

joetay

3,737 posts

Posted by joetay > 2018-02-27 20:12 | Report Abuse

and furthermore, i never mentioned another of orange88's nick of championcw, yet this joker is able to say this championcw nick out in chrissycon sub-forum.

so they r the same person.

would u be having nothing-better-to-do then find out who i fingered out as orange88????

joetay

3,737 posts

Posted by joetay > 2018-02-27 20:13 | Report Abuse

this is the proof:


pretty_life
2430 posts
Posted by pretty_life > Feb 27, 2018 06:36 PM | Report Abuse

Lolzzz....don’t trade with toyoink lar...that one is syndicate and ppl manipulate it ...me just earn little nia...just one BMW nia...heheh...you all is earn Bentley ler? I envy you alll...pls teach me how to trade hsi-h and hsi-c...

Duit and rchi pls teach me ler


Winner* 洪福齐天
3059 posts
Posted by Winner* 洪福齐天 > Feb 27, 2018 07:39 PM | Report Abuse

2bits, that jeotail go everywhere to scold ppl for nothing la.. nobody step on her tail la... go find out from calvin, orange, championcw etc... she is the No. 1 psycho in i3, better avoid...


joetay
1976 posts
Posted by joetay > Feb 27, 2018 08:00 PM | Report Abuse X

so winner(loser), how u morph so fast from orange88 into ur current form?????

btw, u need to up ur postings to achieve 2. yesterday it was 1.44 replies for every 1 posting.

lol............

Tham Leong

247 posts

Posted by Tham Leong > 2018-02-27 20:31 | Report Abuse

Up up Calvin

Eldon Ong

158 posts

Posted by Eldon Ong > 2018-02-27 20:49 | Report Abuse

so tomorrow expect to up or down?

Simon Loh

255 posts

Posted by Simon Loh > 2018-02-27 23:56 | Report Abuse

“2017 has been a very good year for us. The significant amount of improvement (in net profit) is related to property development — our core business, which has been pretty steady with unbilled sales standing at RM4.8 billion as of Dec 31 last year,” the CEO Anwar said.

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-02-28 08:55 | Report Abuse

mane itu calvin...sudah senyap

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-02-28 09:28 | Report Abuse

i think game over for now.Pity those investors who believe in this this shitty counter

Dartmaster

1,029 posts

Posted by Dartmaster > 2018-02-28 10:10 | Report Abuse

Oi why no sell down? just 2 cents sell down?

Dartmaster

1,029 posts

Posted by Dartmaster > 2018-02-28 10:14 | Report Abuse

dont la me want collect cheap. give me chance ma

joetay

3,737 posts

Posted by joetay > 2018-02-28 10:18 | Report Abuse

Winner* 洪福齐天 , how u morph so fast from orange88???

Dartmaster

1,029 posts

Posted by Dartmaster > 2018-02-28 10:40 | Report Abuse

JOE what consumer COUNTER TO BUY when market is bad! tips!

peja87

212 posts

Posted by peja87 > 2018-02-28 12:54 | Report Abuse

sell sell sell...where's calvin? a great analysis from Singapore...where?

sleepyzzz

38 posts

Posted by sleepyzzz > 2018-02-28 14:43 | Report Abuse

privatisation on the way?

peja87

212 posts

Posted by peja87 > 2018-02-28 15:30 | Report Abuse

kah kah..die lo

david81

279 posts

Posted by david81 > 2018-02-28 17:18 | Report Abuse

no eyes to see this stock....really stuck for long

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-02-28 22:56 | Report Abuse

Jv here & there but share price does not reflect appreciation.Soh hai company.Roll investor money to make company profit.

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-03-01 09:00 | Report Abuse

FY17 CNP of RM272m met our (98%) expectation but beat street’s estimates (115%). Headline sales of RM1.49b also beat both management’s, and our, targets. Dividend has also been resumed (1.0 sen). Net gearing inched up to 0.48x. UEMS targets FY18E sales of RM1.20b and is looking to unload more non-core assets. Minor tweaks to FY18E CNP (-2%) post house-keeping. Downgrade to MARKET PERFORM with unchanged TP of RM1.20.

Headline sales beats target. FY17 CNP of RM272m met our expectation (98%) but exceeded street (115%) which could be due to lower billings assumptions. Headline property sales of RM1.49b beat both management and our targets of RM1.20b and RM1.22b, respectively, thanks to the stronger-than-expected take-ups from Solaris Parq. After a year absence of dividends, UEMS has resumed dividend payment with 1.0 sen for FY17 vs. our expected zero dividend.

Higher billings. QoQ, 4Q17 CNP dipped by 71%. Although top-line grew by 5% on higher billings and sale of completed units, EBIT margins compressed by 8.8ppt to 11.7% because there were fewer project completions while higher A&P expenses was incurred due to the launch of Mayfair, Melbourne and Solaris Parq. YoY, FY17 CNP grew by 84% largely due to pick-up in billings for its Australia projects, the Alderbridge land disposal and local project completions (e.g. Arcoris) which resulted in EBIT margins expanding by 5.2ppt to 17.0%. This more than negated the sharp 64% drop in associate/JCE contributions. Net gearing is now at 0.48x. Management sets FY18E property sales target at RM1.20b which is conservative considering FY17 sales. FY18E sales will be driven by RM1.0b new launches (only local) and RM1-1.5b worth of unsold products (WIP/inventories at market value). The group has also earmarked RM300-350m worth of assets for disposal to ensure that its net gearing remains manageable while ensuring there is room to capitalise on land banking opportunities.

Minor tweaks to FY18E CNP (-2%) post house-keeping and we introduce our FY19E estimates. We are maintaining our FY18-19E sales target at RM1.23-1.24b and also expect dividend of 1.0 sen each over FY18-19. The group’s unbilled sales are at RM4.77b; but note that UEMS does progressively recognize its Australia projects in the income statement although payments are only received from buyers upon completion. As a result, based on our computations, the balance of unrecognized revenue is RM1.95b or close to 1-year visibility.

Downgrade to MARKET PERFORM (from OP) with an unchanged TP of RM1.20 based on 72% discount to its FD RNAV of RM4.36. Our applied discount is close to -0.5SD of its historical mean after considering their big exposure in Johor. We note that its share price has rebounded sharply since the start of the year as well. Sales outlook is more stable and we like their active efforts in balance sheet management and inventory clearing, which has resulted in resumption of dividends. However, we note that their net gearing is inching closer to our net gearing comfort threshold of 0.5-0.6x. Meanwhile, sales trajectory continued to remain flat. We will review our call if there are fresh catalysts.

Risks include: (i) weaker or stronger-than-expected property sales, (ii) margin fluctuations, (iii) changes in real estate policies, and (iv) changes in lending environments.

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-03-01 09:06 | Report Abuse

many good coverage from IB but price still remains stagnant.Sohai management

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-03-01 14:58 | Report Abuse

Ma hai counter..

peja87

212 posts

Posted by peja87 > 2018-03-01 21:51 | Report Abuse

sell sell sell...better use your money in forex..

peja87

212 posts

Posted by peja87 > 2018-03-03 16:46 | Report Abuse

next week mother up..dun woli

Posted by Mohd Fahmi Bin Jaes > 2018-03-03 16:54 | Report Abuse

No

joetay

3,737 posts

Posted by joetay > 2018-03-03 18:00 | Report Abuse

loser洪福齐天 /loserorange,

today must be a very busy day for u.

joetay

3,737 posts

Posted by joetay > 2018-03-03 18:01 | Report Abuse

loser洪福齐天 /loserorange,

today must be a very busy day for u.

need to flag so many posts.

lol............

peja87

212 posts

Posted by peja87 > 2018-03-04 22:46 | Report Abuse

tomorrow up..don't believe me..hahaha

david81

279 posts

Posted by david81 > 2018-03-05 12:44 | Report Abuse

wow...big drop today

Posted by Mohd Fahmi Bin Jaes > 2018-03-05 12:45 |

Post removed.Why?

peja87

212 posts

Posted by peja87 > 2018-03-05 12:45 | Report Abuse

kah kah kah

tht1

50 posts

Posted by tht1 > 2018-03-05 17:48 | Report Abuse

touching 52 week low today potential break 52 week low.(RM 101.00)

peja87

212 posts

Posted by peja87 > 2018-03-05 18:58 | Report Abuse

true...penny stock after this..hahaha

peja87

212 posts

Posted by peja87 > 2018-03-05 20:26 | Report Abuse

tomorrow rebound....pls dont believe me..i'm lying

Posted by Mohd Fahmi Bin Jaes > 2018-03-05 20:27 | Report Abuse

Ok

jeff619

59 posts

Posted by jeff619 > 2018-03-07 11:11 | Report Abuse

BUY BUY BUY 0.995 6000 LOTS

jeff619

59 posts

Posted by jeff619 > 2018-03-07 11:16 | Report Abuse

UP UP UP

david81

279 posts

Posted by david81 > 2018-03-07 13:37 | Report Abuse

getting cheaper each day....

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-03-07 16:15 | Report Abuse

Ma hai company

mala173318

1,376 posts

Posted by mala173318 > 2018-03-07 17:59 | Report Abuse

ge14 around the corner.i wonder why this stock kena wack

Eldon Ong

158 posts

Posted by Eldon Ong > 2018-03-08 10:00 | Report Abuse

rubbish stock!

jeff619

59 posts

Posted by jeff619 > 2018-03-08 12:12 | Report Abuse

ALL IN NOW.

abc333

1,521 posts

Posted by abc333 > 2018-03-08 12:17 | Report Abuse

since all advice to stay away from this. better buy some. should back to 1.2. if this happen than someone will jump out calling for TP1.8. that time better run.

peja87

212 posts

Posted by peja87 > 2018-03-08 13:11 | Report Abuse

save yourself..sell sell sell

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-03-09 07:13 | Report Abuse

Now a penny stock.cheapest.in bursa..lai2 cheap sale.ma hai

jeff619

59 posts

Posted by jeff619 > 2018-03-09 12:23 | Report Abuse

WILL REBOUMCE SOON. TP. 1.27

abc333

1,521 posts

Posted by abc333 > 2018-03-09 12:32 | Report Abuse

1.08 first.

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-03-09 14:45 | Report Abuse

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