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

bnm will also decide further cut in interest rate at 3m today

Posted by Good123 > 2020-09-10 14:43 | Report Abuse

after 3pm, another boost, opr lower further? :)

Posted by padanggrus > 2020-09-10 14:48 | Report Abuse

0.36 , i really wanto cry !

Posted by Good123 > 2020-09-10 15:40 | Report Abuse

buy more to average down the cost, buy from desperate cash retailers :)

Posted by Victor Yong > 2020-09-10 15:57 | Report Abuse

KUALA LUMPUR: Cagamas SRP Bhd’s (CSRP) Digital Skim Rumah Pertamaku (Digital SRP) now allows eligible Malaysians to go online to purchase their first home and apply for financing.

This was made possible following the launch of the Digital SRP in collaboration with Didian and MHub, two technology property portals, on Thursday

CSRP chairman, Datuk Bakarudin Ishak said the partnership with Didian and MHub offers an integrated platform which connects home buyers, bankers, developers, and real estate agents.

“We hope Digital SRP will stimulate more than a 50% increase in cumulative SRP loans to RM12.6bil by 2021.


“With these partnerships, CSRP expects a cumulative increase of SRP loans approved by 14,400 in 2020 from a cumulative base of 26,213 in 2019 with a total financing of RMbil, ” he added.


Commenting on the Digital SRP, Bakarudin said this collaboration facilitates three things.

Firstly, it provides new access for prospective first-time house buyers to a wider selection of more than 130,000 properties of which, more than 50% are eligible under SRP, and assistance from nearly 2,000 real estate agents from more than 300 agencies nationwide.

“Secondly, Digital SRP is convenient, time efficient and value enhancing, ” he said.

Prospective buyers can now identify properties eligible under SRP online, check their financing eligibility and apply for loans without having to “walk-in” to the bank.

He pointed out online loan applicants will be contacted by the participating banks for further processing of their application.

“Thirdly and most importantly, CSRP is helping more Malaysians own their first home with this digital initiative, ” he added.

As of June 2020, SRP has benefitted close to 33,000 first time house buyers, of which 90% are from the low-income group, to secure home financing totalling RM6.8bil, since SRP was launched in 2011.

SRP is a government initiative to assist eligible first-time home buyers to obtain up to 110% financing from participating banks, enabling them to own a home without making a down payment.

About 71% of the approved applications were from Selangor, Johor, Kuala Lumpur, Perak and Melaka.

The average loan size was RM206,450 with 86% of the approved applicants being 25 to 40 years of age.

Out of this, 27,600 or 84% of the applications were Islamic financing while the balance 5,400 or 16% were conventional loans.

As of January 2020, Malaysia has close to 26.7 million internet users with a median age of 30.3.

This median age closely corresponds with SRP’s customers who are between 25 and 40 years of age.

Digital SRP is, therefore, expected to enable and facilitate more enquiries and home purchases for internet savvy buyers within this segment.

Housing and Local Government Minister, Zuraida Kamaruddin officiated the launch of the Digital SRP. Also present was Cagamas president/ CEO, Datuk Chung Chee Leong.

Didian director, Chow Nam Kit, said, “Our collaboration with Cagamas to launch the Digital SRP is yet another first for Didian, as we continue to make good on our commitment to our agents and agencies to bring them better opportunities.

“With Digital SRP, our agents will be able to seamlessly apply for SRP on behalf of their customers in just a few clicks. With our exciting upcoming pipeline of projects and more liquidity for buyers through SRP, we are optimistic our agents will have the right tools to help their clients find, purchase, and own their ideal first homes.”

MHub’s CEO, Quek Wee Siong said, “Through this collaboration, MHub aims to help first time home buyers get educated and gain access to the SRP loan scheme by using its intelligent matching platform to pre-qualify these buyers and by channelling their applications to the various banks that offer SRP loans.

"Currently MHub has close to 90,000 homes for sale in this product category with a combined Sales Purchase Agreement (SPA) value of RM27 billion.”

Digital SRP users can also apply for financing by visiting the nearest branch of the participating banks. Currently, there are 25 participating banks nationwide.

SRP is open to first-time house buyers earning RM5,000 and below for single applicants, or RM10,000 and below for joint applicants. They are eligible to purchase a property in either the primary or secondary market with a maximum value of RM500,000.

Posted by Victor Yong > 2020-09-10 15:57 | Report Abuse

DELIVERING VALUE TO OUR SHAREHOLDERS

Challenges notwithstanding, the UEM Sunrise group of
companies (the Group) has delivered strong performance,
with revenue up 42% to RM2.9 billion for the financial year
ended 2019 (FY2019) compared to RM2.0 billion in the
financial year ended 2018 (FY2018). The main contributor
to this growth was the completion and settlement of
Aurora Melbourne Central and Conservatory in Melbourne,
Australia. This allowed for full settlement of both
projects’ financing facilities, improving our gross and net
gearing to 0.46x and 0.32x, respectively. Overall sales
remained respectable at RM1.1 billion, and this
was subsequently replenished with new
launches valued at RM1.2 billion in FY2019.
Our inventory monetisation efforts have
also proven to be successful, as we
managed to reduce inventories by 21%
in FY2019 compared to FY2018.
Divestment of non-strategic lands
and assets, as well as land portfolio
rebalancing, remains one of our
key strategies. This strengthens
our balance sheet, enabling us
to effectively deploy our financial
resources in areas most needed,
including embarking on new ventures and opportunities,
local and overseas, since at present, approximately 75% of
our total landbank is in Johor. Moving forward, we will be
expanding the use of digital technology and establishing
strategic partnerships to generate future revenue streams.

Posted by Victor Yong > 2020-09-10 16:01 | Report Abuse

Strengthening our position as a top property developer in Malaysia, we placed 5th
at The Edge Property Excellence Awards in 2019, moving from 10th position three
years earlier. Across the dimensions of Value Creation, Product Quality, Image
and Innovation & Creativity, UEM Sunrise ranked in the Top 5 across all property
developers nationwide. We were also acknowledged for our “Highest Growth
in Profit After Tax Over Three Years” at The Edge Billion Ringgit Club Awards in
2019. Throughout the period of assessment, we delivered consistent performance
through ensuring customer satisfaction and effective and efficient operations with
improved cashflows, while future-proofing the business.

Posted by Victor Yong > 2020-09-10 16:03 | Report Abuse

In 2019, there were several highlights that will contribute to future business performance:

For our Aurora Melbourne Central development in Australia, we entered into a Contract of
Sale with Scape Australia Management Pty. Ltd. (Scape), the largest asset owner and investor
in the evolving purpose-built student accommodation (PBSA) sector in Australia. This was
valued at AUD125 million and planned for completion in October 2020.
In the Central region, we unveiled Kiara Bay, UEM Sunrise’s newest integrated mixed
development in Kuala Lumpur adjacent to the Kepong Metropolitan Park, spanning 72.7
acres of land. Its first development component was a two-tower residential block launched
in November 2019, Residensi AVA, with a GDV of RM656 million. Comprising 870 units of
serviced apartments, it presents seven different layouts of 2+1, 3 and 4 bedrooms, ranging
between 813 and 1,285 square feet, and priced from RM528,000. Residensi AVA is targeted at
second-generation Kepong residents and is scheduled for completion in 2024.
In the Southern region, we rebalanced our landbank portfolio by reducing our exposure in
Desaru Coast from 678.7 acres to 228.1 acres, which translates to a reduction of future GDV in
Johor by RM7.6 billion. Concurrently, we increased our involvement in retail development in
Puteri Harbour. We acquired 13 strata parcels together with accessory parcels at Somerset,
a family entertainment centre and a double-storey open-sided pergola for RM145 million
from Themed Attractions Resorts & Hotels Sdn. Bhd. (TAR&H), our joint venture (JV) partner
in Desaru Coast.

Posted by Victor Yong > 2020-09-10 16:03 | Report Abuse

Be calm always :)

In addition, we launched new phases in key
development areas such as Serene Heights
in Bangi and Gerbang Nusajaya in Johor.
Despite the prevailing market conditions,
we remain committed to finding the right
opportunities to ensure the sustainability
of our business and will continue to seek
opportunities to replenish our sales funnel.
We also redeemed 123.3 million UEM
Sunrise Redeemable Convertible
Preference Shares (UEMS RCPS) issued
to UEM Group Berhad (UEM Group), our
majority shareholder, in October 2015 at
a redemption value of RM150 million.
The redemption was funded by internally
generated funds. The balance 669.2 million
UEMS RCPS are expected to be converted
into new UEM Sunrise ordinary shares at
RM1.60 per UEMS RCPS for one ordinary
share. Upon the maturity of the UEMS
RCPS in October 2020, UEM Group’s
shareholding in UEM Sunrise will increase
to a potential 69.6%.

Posted by Victor Yong > 2020-09-10 16:07 | Report Abuse

Going forward, it is crucial for any organisation to focus on its strengths,
especially during these uncertain times. At UEM Sunrise, we realise
the potential of our strong points and are considering multiple avenues
to ensure the sustainability of our business operations into the future.
Stability in our financial position provides a strong foundation for us to
weather the storm ahead. Our financial discipline over the past few years,
with gross gearing of 0.46x and net gearing of 0.32x as at end FY2019 along
with a cash balance of RM1.1 billion, gives us sufficient liquidity during
these uncertain times. Furthermore, the unutilised SUKUK of RM1.1 billion
to date, provides a further avenue of funding to leverage on opportunities
that will create value for the organisation.
Nevertheless, we recognise that financial strengths alone will not be
adequate. We need to operate as an agile organisation, with CHIEF
values emphasising a high-growth culture strongly embedded among
all employees, to bring UEM Sunrise to greater heights. Innovative
approaches supported by wide adoption of digital tools and Industry 4.0
technologies will be our key source of differentiation. We will continuously
dedicate significant efforts towards these initiatives to ensure relevance in
the new business environment.
Looking further ahead, and considering future scenarios, we seek to
strengthen our core strengths of property development and explore new
opportunities within the real estate space to ensure business viability,
competitiveness and sustainability. Ultimately, we aim to enhance
the lifestyles of our customers and achieve sustainability throughout our
business operations.
Property development is part of a vast ecosystem across a myriad of
industries. Growth in property sales and mortgage approvals are closely
linked with consumer confidence and liquidity in the market. The sector
will continue to play an important role in economic growth; thus, a vibrant
property sector is critical to national development.

Posted by Victor Yong > 2020-09-10 16:13 | Report Abuse

in RM’000
2019* 2018*
Restated
2017*
Restated
2016*
Restated
2015^
TOTAL ASSETS
Property, plant and equipment, investment
properties and right-of-use assets 1,330,196 1,174,255 1,026,806 947,561 875,042
Land held for property development and
property development costs 6,496,179 6,533,511 6,973,762 6,522,464 5,550,909
Interests in associates, joint ventures & others 1,529,739 1,612,989 1,668,768 1,545,762 1,631,616
Inventories 954,831 1,302,683 609,690 585,244 403,099
Receivables 1,198,200 1,516,919 1,616,486 1,657,565 1,586,681
Goodwill 621,409 621,409 621,409 621,409 621,409
Deferred tax asset 282,926 283,601 308,116 239,388 221,044
Deposits, cash and bank balances 1,057,446 1,078,601 808,004 788,542 1,005,600
Asset held for sale - - - 11,230 -
Total assets 13,470,926 14,123,968 13,633,041 12,919,165 11,895,400
TOTAL EQUITY AND LIABILITIES
Share capital 5,110,276 5,110,276 5,110,276 2,276,643 2,276,643
Share premium - - - 2,829,546 2,829,546
Merger relief reserves 34,330 34,330 34,330 34,330 34,330
Other reserves 13,671 64,216 108,082 152,046 115,439
Retained profits 2,127,889 1,868,067 1,636,333 1,519,316 1,552,602
Non-controlling interests 468,332 363,722 363,127 361,556 360,345
Total equity 7,754,498 7,440,611 7,252,148 7,173,437 7,168,905
Borrowings and lease liabilities 3,416,955 4,683,501 4,219,742 3,714,673 2,750,570
Income tax liabilities 71,760 48,880 55,074 11,781 223,904
Payables 1,579,015 1,182,508 1,322,572 1,279,402 772,205
Provisions and others 648,698 768,468 783,505 739,872 979,816
Total equity and liabilities 13,470,926 14,123,968 13,633,041 12,919,165 11,895,400
Net asset per share attributable to owners of the
parent (RM) 1.61 1.56 1.52 1.51 1.50

Posted by Victor Yong > 2020-09-10 16:16 | Report Abuse

Geographical information
Revenue and non-current assets information based on the geographical location of customers and assets respectively is as follows:
Revenue
2019
RM’000
2018
RM’000
Malaysia 965,516 1,377,583
Australia 1,942,022 661,840
Singapore 1,923 4,563
2,909,461 2,043,986
Non-current assets
2019
RM’000
2018
RM’000
Restated
Malaysia 9,557,494 8,497,118
Australia 134,822 149,969
South Africa 15,141 16,930
Singapore 2,546 1,971
9,710,003 8,665,988

Posted by Victor Yong > 2020-09-10 16:19 | Report Abuse

Location and
address of property
Brief description
and existing use
Area
(sq meters)
Tenure and
year of expiry
Age of
building
(years)
Net book value
as at 31/12/2019
RM’000
Date of
revaluation/
acquisition
Iskandar Puteri
(fka Bandar Nusajaya)
Iskandar Development Region
Johor Darul Takzim
Land held for property
development and
development in progress
20,351,272 Freehold - 2,344,627 1995
HSD 64677 PTD 108319 &
HSD 64682 PTD 108325
GM 1408, Lot 1033
GM 1410, Lot 1080
Mukim Senai
District of Kulai
Johor Darul Takzim
Land held for property
development
10,116,200 Freehold - 901,031 6-Oct-15
PTD 26684-26689
26691-22693
Mukim Batu
Daerah Kuala Lumpur
Wilayah Persekutuan
Kuala Lumpur
Land held for property
development
269,237 Leasehold
expiring on
29-Dec-2112
- 770,775 02-Apr-19
PTD 43305-43350, 43361-43437
44290-44505, 44520, 44533
Mukim Semenyih
Daerah Ulu Langat
Selangor Darul Ehsan
Land held for property
development
1,269,223 Freehold - 392,076 29-Sep-11
Solaris Dutamas
1 Jalan Dutamas 1
50480 Kuala Lumpur
Building - Retail and Carpark 150,187 Freehold 9 391,100 25-Jul-11*
GM 4733 Lot 149 Seksyen 58
Bandar of Kuala Lumpur
Daerah Kuala Lumpur
Land held for property
development
6,434 Freehold - 324,221 4-Jun-11*
Arcoris
GM 9305 Lot 80199
Mukim Batu
Daerah Kuala Lumpur
Hotel, Retail and Carpark 66,397 Freehold 2 (Hotel),
3 (Retail and
Carpark)
313,647 20-Mar-12
PN 102216 Lot 93720
Mukim Petaling
Daerah Petaling
Selangor Darul Ehsan
Land held for property
development
77,864 Leasehold
expiring on
18-Sep-2093
- 119,269 03-Feb-18
PN 9988 Lot 1108
Pekan Kajang
Daerah Ulu Langat
Selangor Darul Ehsan
Land held for property
development
136,205 99 years lease
expiring on
22-Dec-2090
- 99,663 14-Jun-11*
PN 9989 Lot 1109
Pekan Kajang
Daerah Ulu Langat
Selangor Darul Ehsan
Land held for property
development
98,329 99 years lease
expiring on
22-Oct-2090
- 63,041 14-Jun-11*
PTD 4936-4955 and 7905
Mukim of Batang Padang
Daerah Batang Padang
Perak Darul Ridzuan
Agriculture land 9,710,241 Leasehold
expiring on
18-Aug-2109
- 76,192 19-Aug-10
Aurora Retail
224-252 La Trobe Street
Melbourne, Australia
Building - Retail 2,123 Freehold 2 88,574 24-Aug-18

Posted by Victor Yong > 2020-09-10 16:20 | 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 & INTERNATIONAL FUNDS DELAWARE
EMERGING MARKETS FUND
17,000,000 0.38
14. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBNY FOR DIMENSIONAL EMERGING MARKETS VALUE FUND
16,753,445 0.37
15. CARTABAN NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR STATE STREET BANK & TRUST COMPANY (WEST CLT OD67)
15,100,800 0.33
16. AMANAHRAYA TRUSTEES BERHAD
PUBLIC ITTIKAL SEQUEL FUND
12,835,400 0.28
17. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBLDN FOR POLUNIN EMERGING MARKETS SMALL CAP FUND, LLC
10,659,934 0.24
18. AMANAHRAYA TRUSTEES BERHAD
PUBLIC ISLAMIC DIVIDEND FUND
10,376,500 0.23
19. AMANAHRAYA TRUSTEES BERHAD
PUBLIC SAVINGS FUND
9,090,300 0.20
20. CITIGROUP NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR CITIBANK NEW YORK (NORGES BANK 1)
8,793,100 0.19
21. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBNY FOR DFA EMERGING MARKETS SMALL CAP SERIES
8,599,800 0.19
22. HSBC NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR BANK JULIUS BAER & CO. LTD. (SINGAPORE BCH)
8,361,365 0.18
23. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
EMPLOYEES PROVIDENT FUND BOARD (RHBISLAMIC)
7,900,000 0.17
24. AMANAHRAYA TRUSTEES BERHAD
PUBLIC ISLAMIC EQUITY FUND
7,639,600 0.17
25. DB (MALAYSIA) NOMINEE (ASING) SDN. BHD.
BNYM SA/NV FOR NFU MUTUAL GLOBAL GROWTH FUND
7,500,000 0.17
26. UOB KAY HIAN NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR UOB KAY HIAN PTE. LTD. ( A/C CLIENTS )
6,508,747 0.14
27. DB (MALAYSIA) NOMINEE (ASING) SDN. BHD.
SSBT FUND ZYEF FOR VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND
6,492,365 0.14
28. CARTABAN NOMINEES (ASING) SDN. BHD.
STATE STREET LONDON FUND OD75 FOR ISHARES PUBLIC LIMITED COMPANY
4,825,300 0.11
29. DB (MALAYSIA) NOMINEE (ASING) SDN. BHD.
THE BANK OF NEW YORK MELLON FOR DELAWARE VIP TRUST DELAWARE VIP EMERGING MARKETS SERIES
4,748,132 0.11
30. CARTABAN NOMINEES (ASING) SDN. BHD.
SSBT FUND J724 FOR SPDR S&P EMERGING MARKETS ETF
4,739,288 0.11
TOTAL 3,958,190,801 87.23

Posted by Victor Yong > 2020-09-10 16:27 | Report Abuse

by next month ~70%, possible for privatisation like Boustead already announced :)

Upon the maturity of the UEMS
RCPS in October 2020, UEM Group’s
shareholding in UEM Sunrise will increase
to a potential 69.6%.

We also redeemed 123.3 million UEM
Sunrise Redeemable Convertible
Preference Shares (UEMS RCPS) issued
to UEM Group Berhad (UEM Group), our
majority shareholder, in October 2015 at
a redemption value of RM150 million.
The redemption was funded by internally
generated funds. The balance 669.2 million
UEMS RCPS are expected to be converted
into new UEM Sunrise ordinary shares at
RM1.60 per UEMS RCPS for one ordinary
share.

Posted by newbie300 > 2020-09-10 17:22 | Report Abuse

so the price will fly up in Oct...? or gravity flow to south...?

Posted by newbie300 > 2020-09-10 17:22 | Report Abuse

mind to give more clearer picture?...Thanks

Posted by Steady Punpipi > 2020-09-10 17:50 | Report Abuse

The end for Uemsunset......sad

Posted by Steady Punpipi > 2020-09-10 20:58 | Report Abuse

CEO and KHz keeps disappointing shareholders again and again ....

Posted by Steady Punpipi > 2020-09-11 07:23 | Report Abuse

Today maybe hope to close green after dropping from 0.4x non stop ....maybe miracles will happen ? Lolzzz

Posted by Good123 > 2020-09-11 09:31 | Report Abuse



Chairman Datuk Bakarudin Ishak said the hike would be supported by the newly-launched Digital SRP that provides new access for prospective first-time housebuyers to a wider selection of properties, including SRP.

KUALA LUMPUR: The number of loan approved for the My First Home Scheme (SRP) could increase by 14,400 this year, or 54.93%, from a base of 26,213 in 2019, with a total financing of RM9bil, says Cagamas SRP Bhd.

Chairman Datuk Bakarudin Ishak said the hike would be supported by the newly-launched Digital SRP that provides new access for prospective first-time housebuyers to a wider selection of properties, including SRP. — Bernama

Posted by Good123 > 2020-09-11 09:32 | Report Abuse

KUALA LUMPUR (Sept 11): AmBank Group Research said it remains relatively premature to conclude that there will not be further rate cuts after Bank Negara Malaysia (BNM) decided to leave the policy rate unchanged in the latest MPC meeting, holding the overnight policy rate (OPR) at 1.75%.

In a note today, AmBank chief economist and head of research Dr Anthony Dass said as pointed out by BNM, the downside risk remains although the economic activity continues to recover from the trough in April supported by the stimulus measures.

“Does this mean that BNM has put the brakes on rate cutting following a cumulative 125bps in 2020 to bring the OPR to a record low of 1.75%?

“Hence it is vital at this point in time to realise that just because we are seeing some good economic numbers, it does not mean the worst is over.

“Besides, we need to recognise that we still have a long way to go before this pandemic is really over.

“Thus, we cannot totally discount that rate cuts have come to a total halt,” he said.

Posted by Steady Punpipi > 2020-09-11 09:49 | Report Abuse

Been dropping hard for the past few days ...

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

I think better grab, if khazanah announces like Boustead, too late already :)

Posted by Steady Punpipi > 2020-09-11 10:19 | Report Abuse

Haha ..khz is the one selling non stop ...who else can push down from 0.45 to 0.36 just few weeks high ago...think think ...lolzzz

Posted by Good123 > 2020-09-11 10:20 | Report Abuse

if khazanah offers 50sen to privatise uems, NAV RM 1.55, its stake~70% by next month, the remaining Shareholders especially the institutional funds/investors will make noise

Posted by Steady Punpipi > 2020-09-11 10:20 | Report Abuse

Any reason for the under perform of share price ? Hurt many shareholders pocket ...

Posted by Good123 > 2020-09-11 10:36 | Report Abuse

net assets per share rm1.55, if offer price is less than 1/3 at 50sen , I think nobody will sell to khazanah. limited stocks in the open market :)

Posted by Good123 > 2020-09-11 10:43 | Report Abuse

any weakness is an opportunity to accumulate. govt owns it via khazanah

Posted by Good123 > 2020-09-11 10:47 | Report Abuse

uem land

Posted by Good123 > 2020-09-11 10:51 | Report Abuse



Upbeat projection: The European Central Bank, right, is seen in Frankfurt. Its prediction of a record 8.7% contraction for 2020 is now showing improvement. — AP

FRANKFURT: Some European Central Bank (ECB) policy makers have become more confident in their forecasts for the region’s economic recovery, potentially reducing the need for more monetary stimulus this year, according to euro-area officials familiar with the discussions.

The latest projections for output and inflation will show only slight changes to the June outlook, the people said, asking not to be named because the report will only be published after the Governing Council meets.

The euro gained after the report, which signals relief that while the recovery still remains highly uncertain, some of the downside risks that the ECB stressed in its previous round of forecasts haven’t so far materialised.

The ECB predicted a record 8.7% contraction for 2020 back in June. That figure will now show an improvement, one person said, with private consumption in particular doing much better than expected.

The officials also said that in their view additional monetary support beyond the current 1.35 trillion euro (US$1.6 trillion) emergency bond-buying programme doesn’t appear warranted from the current perspective, though that could change. The next round of forecasts in December will be key for that decision, they said.

The euro jumped, putting it on track to snap six days of declines. It was up 0.3% at US$1.1815 at 3:36pm Frankfurt time. German 10-year bond yields rose slightly.

An ECB spokesman declined to comment. A full discussion of monetary policy will be held soon.

Most respondents in a Bloomberg survey last week predicted an increase in the bond-buying programme by December, with a median estimate of 350 billion euros. Economists don’t expect any action this week.

The ECB has previously stressed downside risks to its outlook such as a second wave of infections, more permanent damage to the labor market and weak consumption as a result of elevated uncertainty.

Recent data suggested that some of those concerns may have eased. Retail sales have already made up all of the ground lost during the worst phase of the crisis, and governments have been reluctant to go back to full-fledged lockdowns even as the virus spreads.

Many nations have extended their furlough programmes, and the European Union has agreed on a massive recovery fund. The less-downbeat view has been reflected in recent comments from some of the ECB’s top officials.

Chief economist Philip Lane, who is in charge of forecasts, argued recently that “what we’ve seen over the summer is more or less in line with our baseline projections.”

Executive board member Isabel Schnabel came to the the same conclusion. As long as the trend remains intact, there’s no reason to change policy, she said. The euro’s relative strength has been added to the ECB’s list of worries though. — Bloomberg

Posted by Good123 > 2020-09-11 10:55 | Report Abuse

with the vacancy tax proposal removed, property stocks should rebound soon :) KUALA LUMPUR: The government decision to put the proposed vacancy tax on the back burner comes as good news for developers and the housing industry as well, say property consultants and economists.

Rahim and Co International research director Sulaiman Saheh said the proposal by Housing and Local Government Minister Zuraida Kamaruddin lacked clarity in the first place.

“Although the intention was to prevent the residential overhang situation from worsening, the implications of implementing the tax amid the challenging period that we are in right now could have other ramifications, ” he said.

Posted by Good123 > 2020-09-11 11:17 | Report Abuse

uems is special because it is land rich, majority owned by khazanah, the country

Posted by Good123 > 2020-09-11 11:18 | Report Abuse

ROI will very high for those who invest in it now , harvest later

Posted by Steady Punpipi > 2020-09-11 11:45 | Report Abuse

Hahaha now show power..0.38

Posted by newbie300 > 2020-09-11 11:53 | Report Abuse

price will tell the truth, what i saw now they are lousy management at this moment..see how they been laosy/lazy for this past few months... maybe few month later also same price...

Posted by newbie300 > 2020-09-11 11:54 | Report Abuse

ppl is working hard to think how to survive/went thru this pandemic, they just act like "eat bao then only sell pao"....

Posted by Good123 > 2020-09-11 13:00 | Report Abuse

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.

Posted by Good123 > 2020-09-11 13:01 | Report Abuse

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 > 2020-09-11 13:53 | Report Abuse

glove, technology- up n down, land value is surely increasing over time which uems has plenty :)

Posted by Good123 > 2020-09-11 15:46 | Report Abuse

those cash rich investors could buy uems instead of buying lands and other properties directly :)

Posted by labu83 > 2020-09-11 15:55 | Report Abuse

i buy more,haha

Posted by labu83 > 2020-09-11 16:00 | Report Abuse

38 cent loading

Posted by Steady Punpipi > 2020-09-11 19:09 | Report Abuse

Hahaha ok.i sell all to you ...pls grab ok

Posted by Good123 > 2020-09-11 22:42 | Report Abuse

Health 17:38, 11-Sep-2020

Hundreds of thousands have been given Chinese COVID-19 vaccines without a single infection

CGTN



Hundreds of thousands of people have been given two Chinese COVID-19 vaccine candidates as part of an emergency program, without a single case of infection or adverse effects, a senior official of a state-owned vaccine developer has said. 

The two vaccines, developed by China National Biotec Group (CNBG), are expected to enter the market as soon as December, said Zhou Song, the company's general legal counsel.  

They can protect people against the novel coronavirus for one to three years, and two shots will cost less than 1,000 yuan (about 146 U.S. dollars), according to Zhou.

The two vaccines are still undergoing phase three trials for safety and efficacy in several countries, including the United Arab Emirates, Bahrain, Peru, Morocco, Argentina and Jordan. 

The emergency program was launched in late July, which allows "high-risk" groups to be vaccinated, such as medical workers, diplomats and people who worked in foreign countries still struggling with the pandemic. 

(Cover image: A coronavirus vaccine candidate from the China National Biotech Group (CNBG) showcased at the 2020 China International Services Trade Fair in Beijing on September 6, 2020. /VCG）

Posted by Steady Punpipi > 2020-09-12 15:03 | Report Abuse

Khz selling continues Mon-Fri been down non stop from 0.45 ........will update next Fri ..guarantee down or i quit this forum !!! lolzzzz

Posted by Good123 > 2020-09-12 16:04 | Report Abuse

khazanah never sell a single share, they who accused khazanah selling the share must be illiterate, buta huruf

Posted by Good123 > 2020-09-12 16:05 | Report Abuse

khazanah's shareholdings will rise to about 70% next month.

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

uems is one of best property stocks for medium term investment, owned by the country via khazanah's stake and owns plenty of lands which tend to rise in value over a period of time

Posted by Victor Yong > 2020-09-12 18:35 | Report Abuse

Rebound strongly next week probably :)

Date Close Volume
11/09/2020 0.38 7,233,100
10/09/2020 0.37 7,302,100
09/09/2020 0.38 4,663,300
08/09/2020 0.385 3,618,500
07/09/2020 0.39 6,985,500
04/09/2020 0.39 3,959,400
03/09/2020 0.395 5,751,900
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