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.

Posted by Good123 > 2020-09-04 06:45 | Report Abuse

UEM Sunrise hUb app launch

21 June, KUALA LUMPUR – UEM Sunrise Berhad (UEM Sunrise), one of Malaysia’s leading housing developers, unveiled their latest digital customer interactive experience, a mobile app called hUb at ‘The Future of Living by UEM Sunrise’ event in Publika today. The launch was officiated by Kenny Wong, Chief Marketing Officer of UEM Sunrise and Norhizam Abdul Kadir, Vice President, Growth Ecosystem Development of Malaysia Digital Economy Corporation (MDEC) in conjunction with the Malaysia Tech Week 2019.

‘The Future of Living by UEM Sunrise’ builds on the strength of the Company’s EVE (Exciting, bringing Value and Easy to own) philosophy and is part of the Company’s endeavour to ‘Go Digital’ via various collaboration with external partners. UEM Sunrise seeks to anticipate the customers’ evolving needs and continue to improve the efficiency and quality of dealing with them. These are achieved through research, improvements in sales processes and investing in technology. Among the partners for this digital journey are ‘Grab Partners’, Virtareal, HOMEWORKS.MY, Salesforce, Loanplus, InneoNusa, Jom Parking and SOCAR.

Meanwhile, hUb, UEM Sunrise’s first ever app marks an important milestone in the Company’s digital transformation journey. The app was developed to cater to UEM Sunrise’s loyal customers, or “Trésorians” and future home buyers as part of the Company’s efforts to enhance its customers’ experience, by embracing innovation and ‘Go Digital’.

Posted by Good123 > 2020-09-04 06:47 | Report Abuse

General Corporate Information

FINANCIAL YEAR ENDED  :    LATEST  31-12-2019  31-12-2018  31-12-2017  31-12-2016  31-12-2015 

Stock NameUEMSStock Code5148ListingMain MarketSectorPropertyCompany ActivitiesThe principal activity of the Company is investment holding. It also provides shared services for its subsidiaries.

Group Activities

A flagship company for township and property development businesses of UEM Group Berhad (“UEM Group”) and Khazanah Nasional Berhad (“Khazanah”). UEM Group is a wholly owned subsidiary of Khazanah, an investment fund of the Malaysian Government.

UEM Sunrise core businesses are in macro township development, high-rise residential, commercial, retail and integrated developments, as well as property management and project and construction services.
UEMS is currently undertaking various residential, commercial and mixed-use developments in Iskandar Puteri (formerly known as Nusajaya). In the Central Region, UEMS is renowned for its up-market high-rise residential projects as well as commercial developments largely in the Mont’Kiara enclave.

UEMS’s presence extends internationally into Vancouver, Canada  via its 4.8-acre mixed-use development, Quintet and the newly acquired site at Alderbridge. It also oversees the sales and marketing of Khazanah and Tamasek’s Marina One and DUO mixed-use developments in Singapore.   UEMS also retains a landbank in Durban, South Africa.

Principal Products / ServicesTownship development, high-rise residential, commercial, retail and integrated developments; property management and project and construction servicesBoard of DirectorsDato’ Noorazman Abd Aziz
Chairman

Anwar Syahrin Abdul Ajib
Managing Director/Chief Executive Officer

Subimal Sen Gupta
Senior Independent Non-Executive Director

Dato’ Mohd Izani Ghani
Non-Independent Non-Executive Director

Zaida Khalida Shaari
Non-Independent Non-Executive Director

Effizal Faiz Zulkifly
Non-Independent Non-Executive Director

Ungku Suseelawati Ungku Omar
Independent Non-Executive Director

Tan Sri Dr Azmil Khalili Dato’ Khalid
Independent Non-Executive Director

Datin Teh Ija Mohd Jalil
Independent Non-Executive Director

Christina Foo
Independent Non-Executive Director

Secretary / Company SecretariesLiew Irene
SSM PC No.: 201908001893
MAICSA 7022609
Wong Lee Loo
SSM PC No.: 201908001993
MAICSA 7001219Registered OfficeLevel U6, Block C5, Solaris Dutamas
No. 1, Jalan Dutamas 1
50480 Kuala Lumpur
Tel: 603-2718 7788
Fax: 603-6207 8003
Email: cosec@uemsunrise.comBusiness AddressLevel U2, Block C5, Solaris Dutamas,
No 1, Jalan Dutamas 1,
50480 Kuala Lumpur.Share RegistrarBoardroom Share Registrars Sdn. Bhd.
11th Floor, Menara Symphony
No. 5, Jalan Professor Khoo Kay Kim
Seksyen 13
46200 Petaling Jaya
Selangor
Tel: 603-7890 4700
Fax: 603-7890 4670AuditorsErnst

Posted by Good123 > 2020-09-04 06:50 | Report Abuse

Outlook for UEM Sunrise Bhd remains positive 22 Jun 2020 16:08 The Sun DailyOutlook for UEM Sunrise Bhd remains positive PETALING JAYA: The outlook for UEM Sunrise Bhd remains stable premised on its unbilled sales of RM1.8 billion while its FY20–21 earnings will be mainly supported by its completed Australian projects and the new …

UEM Sunrise acquires prime development site in Melbourne for A$43m 19 Jun 2020 21:36 Malay MailManaging Director and CEO of UEM Sunrise Bhd, Anwar Syahrin Abdul Ajib speaks during a press conference in Mont Kiara February 27, 2018.   — Picture by Razak Ghazali KUALA LUMPUR, June 19 — UEM Sunrise Bhd has acquired a prime development site at 21-53

Posted by Good123 > 2020-09-04 09:22 | Report Abuse

hope khazanah will receive a good offer to let go its stake :)

Posted by Good123 > 2020-09-04 11:38 | Report Abuse

if the offer price is 75sen, don't know whether khazanah would let go its stake :)

Posted by Good123 > 2020-09-06 10:14 | Report Abuse

boosting property stocks :) 

The Monetary Policy Committee (MPC) meeting is scheduled on Thursday, Sept 10 with a number of analysts expecting a 25-basis point cut in the OPR.

KUALA LUMPUR: The ringgit is expected to trade in a tight range this week with all eyes on the overnight policy rate (OPR) review.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the statement from Bank Negara Malaysia (BNM) should be closely watched especially on how the central bank sees the economy post-automatic moratorium period, which will expire at month-end.

The Monetary Policy Committee (MPC) meeting is scheduled on Thursday, Sept 10 with a number of analysts expecting a 25-basis point cut in the OPR.

"Recent data points have been quite mixed. We saw July export better than expected when it grew 3.1 per cent but August Purchasing Managers' Index (PMI) fell below 50-point demarcation line," he told Bernama.

Malaysia’s exports increased 3.1 per cent year-on-year in July, albeit at a slower rate than June’s 8.0 per cent.

In terms of value, it was the second highest at RM92.5 billion, after the record high in 2018, compared with June’s RM82.8 billion, signalling that the economy is gradually recovering from the second-quarter economic slump, said Kenanga Research.

In the second quarter, the economy contracted by 17.1 per cent from a marginal growth of 0.7 per cent registered in the first quarter.

The headline IHS Markit Malaysia PMI - a composite single-figure indicator of the manufacturing performance - dipped to 49.3 in August from 50.0 in July.

The IHS Markit said manufacturing production was stable in August, but lost some of the momentum seen during the initial rebound from the lockdown and the latest reading followed a joint-record expansion in June and further growth in July.

On a Friday-to-Friday basis, the ringgit strengthened against the US dollar at 4.1470/1520 from 4.1630/1680 in the previous week.

It hit 4.1400 level, the highest range in seven months, on Tuesday after a three-day weekend due to the National Day celebration on Monday.

The ringgit also traded higher against the Singapore dollar to 3.0410/0458 from 3.0581/0629 last Friday and rose versus the yen to 3.9393/9444 compared with 3.9561/9583.

The local unit climbed vis-a-vis the British pound to 5.5143/5213 from 5.5251/5322 and appreciated against the euro to 4.9150/9214 from 4.9486/9562 previously. - Bernama

Posted by labu83 > 2020-09-07 09:14 | Report Abuse

iwcity n ekovest today ,wow

Posted by labu83 > 2020-09-07 09:28 | Report Abuse

lead come first,sure uems will goreng,good news will coming for change new comittee...
dont miss a boat when they start,when they press price down, u buy lor,

Posted by linheng > 2020-09-07 13:21 | Report Abuse

Why this counter so weak. Iwcity move and its still dead although most brokerage recommend buy

Posted by newbie300 > 2020-09-07 16:01 | Report Abuse

aiyoyo... all the brokerage is a REAL con man... ask us to buy and he sell... see red + red + red...kns

Posted by newbie300 > 2020-09-07 16:02 | Report Abuse

@ Victor Yong, what fact support you said so... ? Mind to share...? all those brokerage can not trust at all...!

Posted by Good123 > 2020-09-07 16:08 | Report Abuse

press down b4 swinging higher? :)

Posted by newbie300 > 2020-09-07 16:09 | Report Abuse

worried is not press down by operator, it is die by itself... no hope...

Posted by newbie300 > 2020-09-07 16:11 | Report Abuse

chose wrong counter to support, should choose Ekovest...really feel shame of the management...

Posted by Good123 > 2020-09-07 16:12 | Report Abuse

permaju case, pressed down to 27sen, now up to 40sen . timing

Posted by newbie300 > 2020-09-07 16:21 | Report Abuse

even LBS also better than this counter... haha...Laugh Die me :)

Posted by Steady Punpipi > 2020-09-07 17:42 | Report Abuse

This is a set up ...today show is interesting

Posted by Steady Punpipi > 2020-09-07 20:17 | Report Abuse

From 0.41 back to 0.385 look at the selling pressure if not Big Shares Holders dispose who else got millions of UEMS shares to throw down ?

Posted by Victor Yong > 2020-09-07 23:58 | Report Abuse

promising :)

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

Posted by newbie300 > 2020-09-08 10:06 | Report Abuse

haha.... LBS slowly shinning than UEMS loh... so called have prestigious location but out of the performance... lausai...! What a shame of management.. keep dumping own share eventually will give chance for another big shark to eat him loh...

Posted by newbie300 > 2020-09-08 16:49 | Report Abuse

malton better than this lor... see how lousy you are...

Posted by newbie300 > 2020-09-08 16:51 | Report Abuse

no surprising later "Kacang Putih Bhd" also shining over this counter...

Posted by Eric Lim > 2020-09-08 17:20 | Report Abuse

time to start collecting

Posted by limkokthye > 2020-09-08 19:26 | Report Abuse

cb company

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

rebound is expected. 

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

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

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

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

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

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

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

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

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

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

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

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

Posted by Good123 > 2020-09-09 10:02 | Report Abuse

related to property, valuation is good too. 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Posted by Good123 > 2020-09-09 10:06 | Report Abuse

boosting uems, land and property value :) 

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

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

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

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

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

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

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

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

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

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

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

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

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

Posted by Good123 > 2020-09-09 10:08 | Report Abuse

further cut. boost sales and lower finance cost :) 

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

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

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

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

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

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

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

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

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

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

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

- Reuters

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Posted by Good123 > 2020-09-09 10:17 | Report Abuse

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

Posted by Good123 > 2020-09-09 10:19 | Report Abuse

uemland sunrise khazanah as the controlling

Posted by Steady Punpipi > 2020-09-09 10:32 | Report Abuse

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

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

possible that it will become a reality?

www.thestar.com.my

The making of a RM150bil GDV company

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

Posted by Good123 > 2020-09-09 11:53 | Report Abuse

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

Posted by Victor Yong > 2020-09-10 09:00 | Report Abuse

UMSB Historical Data

Time Frame:

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

Date Price Open High Low Vol. Change %
Sep 20 0.380 0.405 0.410 0.375 4.66M -6.17%
Aug 20 0.405 0.425 0.435 0.400 85.49M -4.71%
Jul 20 0.425 0.430 0.475 0.420 96.82M -2.30%
Jun 20 0.435 0.475 0.575 0.415 197.93M -9.37%
May 20 0.480 0.425 0.520 0.415 176.23M 11.63%
Apr 20 0.430 0.395 0.480 0.380 198.09M 8.86%
Mar 20 0.395 0.605 0.610 0.275 110.01M -33.05%
Feb 20 0.590 0.585 0.655 0.580 32.36M -1.67%
Jan 20 0.600 0.710 0.725 0.600 26.56M -14.89%
Dec 19 0.705 0.710 0.770 0.700 54.85M -0.70%
Nov 19 0.710 0.695 0.810 0.695 69.85M 3.65%
Oct 19 0.685 0.665 0.725 0.660 28.40M 3.01%
Sep 19 0.665 0.670 0.740 0.665 15.21M -0.75%
Aug 19 0.670 0.790 0.800 0.655 25.51M -16.25%
Jul 19 0.800 0.800 0.850 0.795 36.41M 0.00%
Jun 19 0.800 0.855 0.890 0.795 21.47M -6.98%
May 19 0.860 0.930 0.935 0.835 34.75M -7.53%
Apr 19 0.930 0.825 1.020 0.815 119.11M 13.41%
Mar 19 0.820 0.820 0.895 0.800 27.34M 0.00%
Feb 19 0.820 0.765 0.880 0.755 29.31M 8.61%
Jan 19 0.755 0.665 0.800 0.660 29.15M 13.53%
Dec 18 0.665 0.700 0.735 0.620 13.88M -3.62%
Nov 18 0.690 0.680 0.805 0.680 15.53M 0.73%
Oct 18 0.685 0.830 0.830 0.630 23.99M -17.47%
Highest: 1.020 Lowest: 0.275 Difference: 0.745 Average: 0.642 Change %: -54.217

Posted by Victor Yong > 2020-09-10 09:02 | Report Abuse

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

Posted by Victor Yong > 2020-09-10 09:05 | Report Abuse

strong financially :)

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

Posted by Good123 > 2020-09-10 09:07 | Report Abuse



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

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

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

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

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

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

Posted by Victor Yong > 2020-09-10 10:46 | Report Abuse

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


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

Q1, 2020: NAV RM1.58

Q4, 2019: NAV RM1.61

Q3, 2019: NAV RM1.58

Q2, 2019: NAV RM1.58

Q1, 2019 NAV RM1.57

Posted by Good123 > 2020-09-10 11:27 | Report Abuse

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

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

30 Jun 2020

30 Jun 2019

30 Jun 2020

30 Jun 2019

$$'000

$$'000

$$'000

$$'000

1Revenue

111,957

1,000,568

307,811

1,419,824

2Profit/(loss) before tax

-99,799

86,812

-108,495

129,044

3Profit/(loss) for the period

-93,698

40,221

-115,822

70,545

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

-93,357

40,361

-115,294

70,458

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

-2.06

0.89

-2.54

1.55

6Proposed/Declared dividend per share (Subunit)

0.00

0.00

0.00

0.00



AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

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

1.5500

1.6100

Posted by Good123 > 2020-09-10 11:29 | Report Abuse

m

Posted by Good123 > 2020-09-10 11:42 | Report Abuse

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

Posted by Victor Yong > 2020-09-10 12:31 | Report Abuse

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

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

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


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

Posted by Good123 > 2020-09-10 12:33 | Report Abuse

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

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

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

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

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

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

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

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

Posted by Good123 > 2020-09-10 12:37 | Report Abuse

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

Posted by Good123 > 2020-09-10 12:40 | Report Abuse

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

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

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

Posted by Steady Punpipi > 2020-09-10 13:12 | Report Abuse

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