Posted by samurai_rising > 2020-08-24 21:57 | Report Abuse

worst is over, time to rebound

Posted by lee_m2020 > 2020-08-24 22:28 | Report Abuse

chances get cheaper reentry..woww

Posted by newbie300 > 2020-08-25 10:23 | Report Abuse

no show...?

Posted by newbie300 > 2020-08-25 10:53 | Report Abuse

never perform for so long... fed up

Posted by newbie300 > 2020-08-25 12:31 | Report Abuse

think this is submarine... been con liao...

Posted by Steady Punpipi > 2020-08-27 09:42 | Report Abuse

MyHSR launches HSR tenders | The Star

Posted by Good123 > 2020-08-28 22:58 | Report Abuse

one of the safest property stocks. terlalu Banyak tanah, biz takda , Jual tanah untuk terus hidup

Posted by Good123 > 2020-08-28 22:59 | Report Abuse

susah mau Cari syarikat hartanah ini, boleh Jual tanah Dan rumah sekaligus :)

Posted by Good123 > 2020-08-29 06:59 | Report Abuse



Its managing director/chief executive officer Anwar Syahrin Abdul Ajib (pic) said the Tapah land divestment is akin to what UEM Sunrise has been doing in Iskandar Puteri and company’s plan to use the proceeds towards the funding of new land acquisitions in line with its strategy to rebalance land bank portfolio.

KUALA LUMPUR: UEM Sunrise Bhd is rebalancing its land bank portfolio by entering into a sale and purchase agreement with Lagenda Properties Bhd for the divestment of part of the company’s non-strategic land in Tapah, Perak measuring 252.15ha for RM29.9mil.

The company said in a statement yesterday that the divestment is expected to be completed in August 2021.

Its managing director/chief executive officer Anwar Syahrin Abdul Ajib said the Tapah land divestment is akin to what UEM Sunrise has been doing in Iskandar Puteri and company’s plan to use the proceeds towards the funding of new land acquisitions in line with its strategy to rebalance land bank portfolio.

“Our strategy is to geographically diversify and increase our presence in the Klang Valley. All the while, we have been divesting non-strategic pocket lands in Iskandar Puteri, utilising the proceeds towards acquiring new land in the Klang Valley, ” he said in a statement.

The company still holds 4694.35ha, including the remaining 721.15ha agriculture land, with an estimated gross development value of RM107bil. — Bernama

Posted by Good123 > 2020-08-29 23:41 | Report Abuse

banyak tanah dekat HSR bagus! harga saham Akan Naik selesa depan barangkali :)

https://www.thestar.com.my/business/business-news/2020/08/29/hsr-full-speed-ahead

Posted by Good123 > 2020-08-31 12:56 | Report Abuse

more buyers for properties with lower interest rates hopefully

Posted by Good123 > 2020-08-31 12:57 | Report Abuse

lower interest rate also reduce its finance cost as a result

Posted by Good123 > 2020-08-31 12:57 | Report Abuse

merger between uemland and sunrise BHD, grab for medium and long term

Posted by Good123 > 2020-09-01 07:43 | Report Abuse

BNM seen making final 25bps OPR cut as early as September — DBS

Chong Jin Hun

/

theedgemarkets.com


August 31, 2020 13:15 pm 08

Posted by Good123 > 2020-09-01 08:42 | Report Abuse

Lelong price, uems has plenty of lands for sale

Posted by Good123 > 2020-09-01 09:44 | Report Abuse

Digital Media: UEM Sunrise delivered revenue of RM308 million in the first six months,
down by 78% compared to the first half of 2019 mainly due to lower property sales,
absence of new launches and slower project progress completion. This is a direct impact
of the curtailment in business activities as a result of the Movement Control Order
imposed on 18 March 2020. Losses from foreign exchange and joint venture companies
including impairment of inventories also contributed to the net loss after non-controlling
interests of RM115 million for the period. The Company continues to remain cautious on
the current outlook, and the Company is targeting sales of RM1 billion including land for
the remaining year.

Posted by Good123 > 2020-09-01 09:46 | Report Abuse

It has a cash balance of RM1.38 billion as at 30 June with a low net gearing of
0.40x, reflecting our ability to settle current loan obligations when required. In the interim,
we continue to be on a lookout for strategic landbanks and pursue disposals of non-
strategic landbanks to raise additional cash”.

Posted by Good123 > 2020-09-01 09:47 | Report Abuse

The Group remains cautious on the outlook and will exercise prudence in managing the
challenging environment. It targets a GDV and sales (including land sales) of RM1 billion
each for the remaining year.

Posted by Good123 > 2020-09-01 09:48 | Report Abuse

“We launched our marketing campaign called ‘The Happy Chase’ in conjunction with the million with Residensi AVA in Kiara Bay, Kuala Lumpur capturing the highest interest
followed by Serene Heights Bangi and Senadi Hills”.
2020 Home Ownership Campaign (“HOC”). 22 of our projects in Central and Southern will
be showcased in the campaign. In addition to the 2020 HOC incentives, buyers also get to
benefit from our campaign which offers easy entry, waivers on legal fees, free home
appliances as well as free kitchen cabinets for selected developments. These incentives
together with current setting of low borrowing costs will drive our sales for the remaining
year. As at to-date, we have secured total sales plus commitment of approximately RM500

Posted by Good123 > 2020-09-01 09:48 | Report Abuse

million with Residensi AVA in Kiara Bay, Kuala Lumpur capturing the highest interest
followed by Serene Heights Bangi and Senadi Hills”.

Posted by Good123 > 2020-09-01 09:48 | 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

Posted by Good123 > 2020-09-01 09:50 | Report Abuse

HSR will boost the value of iskandar puteri, Singaporeans will flood this area of Johor for biz or retirement with HSR facility

Posted by Good123 > 2020-09-01 09:58 | Report Abuse

On Australia, “We secured a settlement rate of close to 100% for both Aurora Melbourne
Central and Conservatory with 58 units valued at AUD55 million still pending settlement.
The target is to achieve full settlement within the next six to nine months. In relation to the
recently acquired 1.3-acre freehold land in Collingwood, we have shortlisted a few
architects to submit their proposed designs for the project. The process is ongoing. We will
also be appointing other main consultants to kickstart the project planning soon”.

Posted by Good123 > 2020-09-01 10:44 | Report Abuse

KEY INVESTMENT HIGHLIGHTS

1HFY20 earnings below expectations

Earnings recovery in 2HFY20

1HFY20 new property sales at RM150.9m

Earnings estimates revised downwards

Maintain BUY with a revised TP of RM0.54

1HFY20 earnings below expectations. UEM Sunrise recorded core net loss of -RM61m in 1HFY20 which was below our and consensus expectations. The negative deviation could be attributed to the greater than expected adverse impact from Movement Control Order (MCO) on progress billing of property projects. Note that we have excluded forex gain and inventories write down in our core net income calculations.

Earnings recovery in 2HFY20. 2QFY20 core net loss widened to - RM57.4m from -RM3.5m in 1QFY20 as construction works were stopped during MCO. That brought cumulative core net loss to -RM61m against net profit of RM107m in 1HFY19. The weaker earnings in 1HFY20 were also dragged by low property sales and rental waivers to tenants. Meanwhile, unbilled sales eased to RM1.7b in 2QFY20 from RM1.8b in 1QFY20. Looking ahead, earnings are expected to recover in 2HFY20 as construction works have resumed and progress billing should pick up.

1HFY20 new property sales at RM150.9m. UEM Sunrise chalked up minimal new property sales of RM53.5m in 2QFY20 against new property sales of RM97.4m in 1QFY20 as new sales were affected by MCO in 2QFY20. That brought cumulative new sales to RM150.9m in 1HFY20 which were below management sales target of RM2b but within our sales target of RM1b. Meanwhile, management is revising downward its sales target to RM1b (including land sales) and is also targeting to launch projects with total GDV of RM1b in FY20. Sales momentum is expected to be stronger in 2HFY20, driven by PENJANA incentives namely HOC 2020 and lifting of the 70% margin of financing limit for the third housing loan onwards.

Maintain BUY with a revised TP of RM0.54. We revise our FY20/21F earnings forecasts by -57%/-12.1% as we assume lower progress billing. Correspondingly, our TP for UEM Sunrise is revised downward to RM0.54 from RM0.58 as we widen our RNAV discount to 78% from 75%. We maintain BUY on UEM Sunrise as we expect earnings to return into the black in 2HFY20. Besides, valuation is attractive as it is trading at 71% discount to latest NTA of RM1.42 per share.

Source: MIDF Research - 25 Aug 2020

Posted by Good123 > 2020-09-01 10:45 | Report Abuse

call buy from midf

Posted by Good123 > 2020-09-01 10:53 | Report Abuse

KUALA LUMPUR: UEM Sunrise Bhd has appointed Datuk Noorazman Abd Aziz as its new chairman effective from today.

 

In a statement today, it said Noorazman succeeded Tan Sri Zamzamzairani Mohd Isa who retired in July after holding the position since May 2017.

 

UEM Sunrise said Noorazman, 64, had served the board of the company as non-independent non-executive director since October 2018.

 

He has over 37 years of experience in banking and finance, investments and capital markets, having served as executive director (investments) at Khazanah Nasional Bhd and managing director of Fajr Capital Ltd, a Khazanah investee company.

 

"He has also held key positions at Citigroup, Bank Islam Malaysia Bhd, Kuala Lumpur Stock Exchange and Labuan Offshore Financial Services Authority, to name a few," the property developer said.

 

Managing director and chief executive officer Anwar Syahrin Abdul Ajib said Noorazman's appointment was timely as the industry was facing tremendous challenges and headwinds from numerous factors, including global economic uncertainty and the Covid-19 pandemic.

 

 - Bernama

Posted by Good123 > 2020-09-01 10:55 | Report Abuse

Date: 25/08/2020 

Source : KENANGAStock : UEMS     Price Target : 0.555     |     Price Call : BUY    Last Price : 0.405     |     Upside/Downside :   0.15 (37.04%) Back

2QFY20 CNL of RM57.4m dragged 1HFY20 to CNL of RM61m which disappointed due to slower-than-expected progress billings and sales, impacted by MCO. Slash FY20/21E earnings by 43%/8% but maintain OUTPERFORM with lowered TP of RM0.555 given cheap valuations and it being a beneficiary of a potential revival of the High Speed Rail project.

Below expectations. 2QFY20 core net loss (CNL) of RM57.4m dragged 1HFY20 CNL further to RM61m which disappointed ours and consensus full year profit estimates of RM107m and RM99m respectively. 1HFY20 sales of RM151m was also below our RM1.7b target. The negative deviation is due to lower-than-expected sales and progress recognition arising from the MCO disruption. We derived our 2QFY20 CNL after stripping of impairment of inventories worth RM39.5m. No dividends as expected.

QoQ, 2QFY20 bottom-line worsened to a CNL of RM57.4m (vs. CNL of RM3.5m in 1QFY20) as revenue plunged 43% on lower sales of RM54m (vs RM97m in 1QFY20) and slower progress billings on lower construction activities due to the MCO disruptions.

YoY, 1HFY20 CNL of RM61m deteriorated severely against 1HFY19 CNP of RM105.6m as revenue dropped 78% from lower unit handovers in Melbourne (as most were settled in FY19) coupled with slower domestic billings arising from the MCO impact and existing projects still at relatively earlier stages of construction.

Management lowering launch and sales targets for FY20E to RM1b each (vs previous targets of RM2b each). Management is also targeting to reduce Johor lands exposure and increase landbanks in Klang Valley and Australia. Unbilled sales of RM1.7b would provide visibility for the next 2 years

The worst is over for earnings. 1H20 reflected the worst of the MCO and we expect 2H20 profits to be better supported by (i) settlement of AUD125m Aurora apartments en-bloc sale to Scape Australia which is expected to fetch PAT contributions of c.RM68m and (ii) remainder settlement of AUD49m for Aurora and Conservatory be settled in the next 6-9 months to fetch PAT contributions of c.RM20m.

Reduce FY20/21E earnings by 43%/8% after: (i) lowering FY20/21E property sales target to RM1.0b/RM1.8b (from RM1.7b/RM1.9b) which encapsulates lower land sales to RM250m (from RM300m) for both FY20 and FY21, and (ii) deferring progress billings in FY20 to account for the MCO.

Maintain OUTPERFORM with a lower TP of RM0.555(from RM0.565) on unchanged 0.37x FY21E PBV (-1.5SD). Our Outperform rating is premised on the fact that valuations are cheap coupled with the fact that the revival of HSR would benefit UEMS with 75% of their remaining land bank within Johor.

Source: Kenanga Research - 25 Aug 2020

Posted by Good123 > 2020-09-01 10:55 | Report Abuse

buy call by kenanga

Posted by Good123 > 2020-09-01 11:09 | Report Abuse

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



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

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

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

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

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

Posted by Good123 > 2020-09-01 11:10 | Report Abuse

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

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

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

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

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

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

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

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

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

Posted by Victor Yong > 2020-09-01 11:29 | Report Abuse

High ROI when it rebounds :)

UMSB Historical Data
Time Frame:

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

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

Posted by Victor Yong > 2020-09-01 11:31 | Report Abuse

All target prices were much higher than current price :)

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

Posted by Good123 > 2020-09-02 21:42 | Report Abuse

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

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

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

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

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

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

Posted by Good123 > 2020-09-02 23:46 | Report Abuse

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

Posted by Steady Punpipi > 2020-09-03 05:43 | Report Abuse

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

Posted by Good123 > 2020-09-03 06:53 | 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

Posted by Good123 > 2020-09-03 06:55 | Report Abuse

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

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

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

Source: PublicInvest Research - 25 Aug 2020

Posted by Good123 > 2020-09-03 07:03 | Report Abuse

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

Posted by Good123 > 2020-09-03 07:17 | Report Abuse

UEM Sunrise

UEM Sunrise

GREATER KUALA LUMPUR

Kiara Bay

 BACK

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Greater Kuala Lumpur

Kuala Lumpur

Kiara Bay



ENQUIRE TODAY

INTRODUCTION

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

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

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

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

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

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

Posted by Good123 > 2020-09-03 07:19 | Report Abuse

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

 

The Company has core competencies in macro township development; high-rise residential, commercial, retail and integrated developments; as well as property management and project

Posted by Good123 > 2020-09-03 07:42 | Report Abuse



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

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

The MCO was relaxed on June 10.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Posted by Good123 > 2020-09-03 08:59 | Report Abuse

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

Posted by Good123 > 2020-09-03 14:53 | Report Abuse

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

Posted by Victor Yong > 2020-09-03 19:00 | Report Abuse

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

Posted by Victor Yong > 2020-09-03 19:23 | Report Abuse

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

Posted by Victor Yong > 2020-09-03 20:10 | Report Abuse

Seem the right time to grab it now :)

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

Posted by Victor Yong > 2020-09-03 20:36 | Report Abuse

For remembrance :)


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

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

Posted by Good123 > 2020-09-03 20:50 | Report Abuse



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

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

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

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

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

其中，马星集团、实达集团和UEM阳光，更是有许多项目处于初期。

同时，在和管控令冲击下市场暗淡，产业发展商的新销售普遍按年下跌约31%。

未来一年难有惊喜

“因此，我们不期望未来12到18个月，盈利表现能有惊喜。”

分析员补充，发展商目前积极通过折扣来清空滞销单位，库存水平处于下降趋势。

“我们相信这是一个套现的良好举动。”

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

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

所幸的是，分析员研究的所有发展商，都拥有充足的未入账销售。

“另外，随着商业和建筑活动的恢复，我们估计下半年表现会更强。”

Posted by Good123 > 2020-09-04 06:29 | Report Abuse

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

Posted by Good123 > 2020-09-04 06:33 | Report Abuse

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

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



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

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

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

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

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

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

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

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

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

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

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

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

Sunrise is currently cashing out and reducing its headcount.

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

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

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

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

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

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

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

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

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

Both companies also have presence overseas.

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