Posted by Victor Yong > 2020-09-14 09:08 | Report Abuse

UEM Sunrise saw its high-rise projects in Mont’Kiara that includes Residensi Astrea (between RM1.16mil and RM1.65mil per unit) and Residensi Solaris Parq (between RM873,800 and RM2.9mil per unit) recording RM80mil in sales in the past two months.

For its soon-to-launched high-end condomimium called Allevia, also in Mont’Kiara and costing between RM1.54mil to RM2.5mil per unit, UEM Sunrise received indications of interest from 600 people in just a week.

Posted by Good123 > 2020-09-14 11:52 | Report Abuse



KUALA LUMPUR: Foreign funds changed course by turning to be net buyers to the tune of RM70.91mil in comparison to net selling the previous week, according to MIDF Research.

“This was the first net inflow of September where the first week of the month saw foreign investors as net sellers at RM589.38mil.

“Combined, for the first two weeks of September, foreign investors were net sellers to the tune of RM518.47mil,” MIDF said in its weekly fund flow report.

The research house noted that retailers are net buyers of RM456.61mil worth of equities last week, with local institutions at -RM527.51mil net during the same period.

MIDF said last week was the 10th consecutive weeks of local retailers as net buyers on Bursa Malaysia to the tune of net RM5.03bil, in comparison of local institutions as net sellers at RM707.40mil and foreign investors at -RM4.02bil since early July.

MIDF said foreign selling happened only on Monday and Tuesday at net outflows of RM72.45mil and RM11.52mil respectively, before buying momentum started on Wednesday.

The largest net inflow was on Thursday at RM94.81mil and the smallest was on Friday at RM1.33mil.

“So far in 2020, foreign investors net selling has amounted to RM20.87bil worth of equities on Bursa. Local players, institutions are net buyers at RM10.88bil and retailers at RM9.61bil,” MIDF said.

“In comparison to the other three south east Asian markets that we tracked last week; Philippines recorded the least foreign net outflow while Indonesia experienced the biggest outflow compared to the others,” it added.

In terms of participation, the retail investors recorded a weekly increase of 21.28% in average daily trade value (ADTV) while the foreign investor experienced the decrease of ADTV of 14%.

Posted by Good123 > 2020-09-14 14:27 | Report Abuse

mont Kiara is one of the jewels of uems :)

Posted by Good123 > 2020-09-14 14:28 | Report Abuse

75% of uems lands is in Johor. HSR, etc would boost the value of its lands.

Posted by Good123 > 2020-09-14 14:29 | Report Abuse

Johor is a good place for Singaporeans to retire, closer to home, cheap, etc.

Posted by Good123 > 2020-09-14 15:37 | Report Abuse

turned green, uptrend :)

Posted by Good123 > 2020-09-14 15:49 | Report Abuse

booster soon :)

HSR full speed ahead

ECONOMY

Saturday, 29 Aug 2020

By ROYCE TAN

Posted by Good123 > 2020-09-14 16:15 | Report Abuse



UEM Sunrise's Senadi Hills project has received strong response.

KUALA LUMPUR: UEM Sunrise Bhd’s has recorded more than RM400mil in sales and bookings just less than two months after the launch of its “The Happy Chase” campaign.

UEM Sunrise said in a statement on Monday the campaign was its response to enhance the government’s reintroduction of the Home Ownership Campaign (HOC) as part of the “Short-Term Economic Recovery Plan” or Penjana.

“In a significant sales upswing since the beginning of the Recovery MCO, popular projects include Residensi AVA, the eco-living condominium suites, have seen a take-up rate of 55% of the first of two towers, said the company, which is one of Malaysia’s leading property developers.

Residensi AVA forms the first phase of Kiara Bay, the 73-acre flagship waterfront development of UEM Sunrise in Kepong.

UEM Sunrise said Frischia, its double-storey terraced homes in Serene Heights Bangi, and phase 1A of Senadi Hills in Iskandar Puteri recorded a take-up rate of 91% and 80% of since the launch in July.

Its managing director/chief executive officer, Anwar Syahrin Abdul Ajib (pic below) said the company has been persistent in pivoting its strategies to continue building the awareness and interest of its products and the UEM Sunrise brand during the MCO and Conditional MCO period.



“We knew that there was pent-up demand from the buyers and their confidence in our products, that we were able to convert much of this leads and interest to actual bookings – showing that our efforts are paying off, ” he said.

UEM Sunrise said “The Happy Chase” campaign, which is to address concerns faced by house buyers, promises exciting rebates, attractive rewards and easy entry has garnered much interest.

The attractiveness of the campaign include waiver on sales and purchase agreement and loan legal fees; and other rewards including additional rebates and subsidies.

“We want to thank our customers for their continued confidence in UEM Sunrise homes. The support shown by these house buyers have bolstered us here in UEM Sunrise to continue giving ‘soul’ to the homes we build and the environment that we design and construct, ” Anwar said.

He added that this gives UEM Sunrise the momentum to capitalise on the positive trend and continue pushing ahead with its new launches including Allevia, an exclusive high-rise development in the heart of Mont’Kiara; Plot B of Solaris Parq, the office tower component of the 18.76-acre mixed-development masterplan; and Verna, the latest double-storey terraced home offering in Serene Heights Bangi.

‘The Happy Chase’ campaign will continue until May 31,2021 in line with HOC 2020. For details, visit http://thehappychase.uemsunrise.com

Posted by Good123 > 2020-09-14 16:16 | Report Abuse

（吉隆坡14日讯）消息人士向theedgemarkets.com透露，Tan Sri Zamzamzairani Mohd Isa将接替Datuk Mohaiyani Shamsudin，担任马银行（Malayan Banking Bhd）的主席。

《The Edge Malaysia》周刊上月报道，Zamzamzairani据说是接替Mohaiyani的候选人。后者在执掌3年多后将退休。

8月10日至16日的周刊引述消息称，Mohaiyani在董事部任职9年后将退休，外界纷纷猜测谁将接替她在我国最大银行集团的职位。

“现年71岁的Mohaiyani担任集团主席3年多（于2017年4月1日获委任），8月22日在该银行董事部任职9年。在出任主席之前，她是该银行的独立董事。”

报道指出：“消息称，为了保持良好的企业监管，她选择在9年后离任。据悉，从技术上讲，没有规定要求她离职，因为企业监管规则仅规定独立董事的任期不得累计超过9年，而Mohaiyani从2011年8月至2017年3月担任独立董事不到6年。作为主席，她是非独立非执行董事，是马银行最大股东国民投资机构（PNB）的代理人。”

消息说，董事部还没有确定她的退休日期，但她可能在年底前离开。Mohaiyani是马银行首位女主席。

同时，市场关注谁将接替Mohaiyani的主席职。

“根据多方消息来源，该集团的内部候选人是Dr Hasnita Hashim。她自2016年7月以来担任马银行的独立董事，也是马银行资产管理私人有限公司的主席。”

报道指出：“其他消息人士说，这个职位可能由外部候选人担任。上个月（2020年7月）卸下UEM阳光（UEM Sunrise Bhd）主席职的Zamzamzairani据说是候选人之一。”

截稿时，马银行还没有发表声明回应theedgemarkets.com的报道。

截至10时21分，马银行跌12仙或1.61%，报7.33令吉，市值达837亿5000万令吉。

成交量约90万股。

 

（编译：陈慧珊）

 

English version：Zamzamzairani to be appointed Maybank chairman — sources

Posted by Victor Yong > 2020-09-14 16:51 | Report Abuse

:) more n more positive news on the property sector.


SINGAPORE (EDGEPROP) - At least nine in 10 corporate real estate (CRE) leaders in the Asia Pacific are confident that plans to mitigate the impact of Covid-19 will be successful, according to a JLL’s report Optimism in the Face of Crisis. The report is based on the findings of a survey conducted among 200 corporate real estate leaders from the Asia Pacific region.
In their view, working from home will not replace offices. A majority of CRE leaders believe they will maintain or increase total footprint and number of sites in the medium to long term. 76% of them expect moderate or steady rationalisation of real estate portfolios, with those in Australia and Hong Kong focused on steady rationalisation while those in India anticipating massive and accelerated rationalisation.

Posted by Good123 > 2020-09-14 21:11 | Report Abuse

our turn soon :) Biz Analysis 20:29, 14-Sep-2020

China’s rising new home prices reflect economic recovery: White Peak

By Global Business

02:01



China’s new home price rise reflects the country’s economic recovery following challenges earlier in the year due to the novel coronavirus pandemic, said European residential property developer White Peak.

White Peak group CEO and founding partner Jesper Jos Olsson told CGTN in an interview that the latest August home price increase was “very, very healthy.”

“No real surprises, I think a four to five percent increase is very, very healthy, and I think it goes to show that the recovery of the economy is strong since the beginning of the year,” said Olsson.

China’s latest official data shows that new home prices in China rose at a slightly faster monthly pace in August as consumer demand in the housing market shows signs of recovery from the COVID-19 pandemic. On an annual basis, home prices rose 4.8 percent in August, matching July’s pace.

New home prices in China’s top four first-tier cities – Beijing, Shanghai, Guangzhou and Shenzhen – rose by 0.6 percent month-on-month in August, up 0.1 percent from a month earlier, according to data from the National Bureau of Statistics (NBS).

Olsson said his firm expects China to continue on its current growth path for several decades. “Well, I think they (prices) will continue on this path ... China is now only 60 percent urban, so we have many decades of this growth,” said Olsson.

Meanwhile, new home prices in over 30 second-tier cities also saw the same monthly growth rate, while third-tier cities rose at a faster pace of 1 percent. Olsson said, moving forward, the focus of growth would continue to be in the medium and smaller cities. 

“So, if you look at the whole market, basically, the tier-two and three and smaller cities are the largest part of the market, and we have been focusing on those for thirteen years. So, we are very excited at the continuing," he said. 

"This is, obviously, also the stage where most of the urbanization is continuing. So, we are very excited to be in that market."

Olsson also said real estate will remain a major pillar of the Chinese economy, as it has a “very deep supply chain" that creates a lot of jobs and helps urbanization.”

“Urbanization also generates productivity because moving people into cities is, of course, great for productivity. So, it is, of course, an important sector,” he said.

The property market has been a major driver of China’s economic recovery, with home sales and investment growing at a robust pace in recent months after the novel coronavirus lockdowns were lifted. Yet policymakers remain wary of the risks of overheating as they try to support a crucial sector of the economy without stoking excessive speculation.

Since July, many major cities have imposed new restrictions on property transactions to arrest sharp price rises.

 (With input from Reuters)

Posted by linheng > 2020-09-15 04:52 | Report Abuse

IWCITY already spike up. Will accumulate UEM at this price.
Hopefully mkt will revalue this counter soon

Posted by Good123 > 2020-09-15 08:06 | Report Abuse



HSBA was neutral on Malaysia since it has not performed as poorly as some eighbours. It was neutral on Malaysia since it has not performed as poorly as some neighbours.

SINGAPORE: Beaten-down equities in Southeast Asia have become irresistibly cheap, according to analysts at HSBC who recommend investing in Indonesia and across the region in a contrarian note on Monday that forecasted the best returns from laggard Singapore.

On a day when social curbs returned to Jakarta, Europe's biggest bank said a combination of recovering growth, low interest rates and strong balance sheets made it the right time to buy stocks in some of the world's worst performing markets.

"At the beginning of pandemic, the visibility of these factors was foggy at best, but we think clarity has emerged now and these factors should be supportive for ASEAN equities," strategists Devendra Joshi and Herald van der Linde said in a note.

"We upgrade Indonesia and Thailand to overweight (and) remain overweight on Singapore," they said, calling out Singapore developer Capitaland and Indonesian conglomerate Astra International among the financial, telecom and consumer firms they also recommend in the region.

The call comes as Southeast Asia's equity markets lag the global recovery amid persistent outflows from foreign investors and with many fund managers feeling it is too soon to return - something HSBC views as a positive.

"As activity picks up and the global recovery continues, we think foreign institutional investor flows should come back and support the market," the analysts said.

Their base case is for a gain of 19% from Sept. 9 index levels in Singapore this year and for gains of 18% in Indonesia and Thailand, with "best case" gains of between 36% and 40%.

They turned cautious on the Philippines where a lack of fiscal spending power could delay recovery and neutral on Malaysia since it has not performed as poorly as some neighbours.

Reuters also reported that Asian bonds recorded a third straight month of net foreign inflows in July, but buying slowed due to an escalation in Sino-U.S. tensions and the worsening pandemic situation in some areas.

Foreigners purchased a net $489 million worth of Asian government and corporate local currency bonds last month compared with $3.97 billion in July, data from regional banks and bond market associations in Indonesia, Malaysia, Thailand, South Korea and India showed.

Khoon Goh, head of Asia Research at ANZ, said the slowdown was due to worsening U.S.-China tensions, with the U.S. imposing technology sanctions on Chinese telecommunications giant Huawei.

But he remained constructive on portfolio flows in the near-term.

"True, the overall growth outturn over Q2 was worse than expected. But investors’ focus has shifted to the pace of recovery now," he said.

In August, South Korean bonds received a net $839 million of foreign money, which was the eight successive monthly inflow this year, while Malaysian bonds attracted a net $715 million.

On the other hand, foreigners sold a net $264 million worth of Indonesian bonds, on worries over its fiscal deficit and ailing economy.

This month, Indonesian bonds have fallen further on concerns about new lockdown measures and a parliamentary panel's recommendations for changes to the central bank law, which could reduce the central bank's independence.

At the end of August, foreign holdings in Indonesia's local currency government debt were down to 28.24%, the lowest since August 2010.

Overseas investors also sold a net $449 million in Indian bonds, which was the sixth successive month of net sales this year.

The world's second-most populous country lags only the United States globally in overall number of infections, but it has been reporting more daily cases than the United States since mid-August.

Thai bonds also witnessed a net $351 million worth of foreign outflows last month.

Posted by Good123 > 2020-09-15 08:31 | Report Abuse



The Dow Jones Industrial Average rose 327.69 points, or 1.18%, to 27,993.33, the S

Posted by Good123 > 2020-09-15 08:57 | Report Abuse

above 40sen anytime from now :)

Posted by Good123 > 2020-09-15 08:58 | Report Abuse

grab from impatient traders/retailers

Posted by Good123 > 2020-09-15 10:44 | Report Abuse

better late than never. rebounding

Posted by Good123 > 2020-09-15 10:50 | Report Abuse

after Boustead, uems goes for similar route?

Posted by Good123 > 2020-09-15 10:51 | Report Abuse

would uems accelerate like Boustead if similar proposal is announced?

Posted by Victor Yong > 2020-09-15 15:19 | Report Abuse

good. 38.5sen to be cleared. OTW to 40sen and above. :)

Posted by Victor Yong > 2020-09-15 15:20 | Report Abuse

TP to touch 50sen as the first step :)

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

Posted by Good123 > 2020-09-15 16:44 | Report Abuse

malton rose to 58sen. uems should follow next :)

Posted by Good123 > 2020-09-15 16:47 | Report Abuse

khazanah should spin off some of uems assets as uems reits :)

Posted by Good123 > 2020-09-15 20:53 | Report Abuse

Thursday , dijangka pecahkan paras harga 40sen :)

Posted by Good123 > 2020-09-15 21:47 | Report Abuse

spin off some properties as REITs. high valuation. 

KUALA LUMPUR (Reuters) - Iskandar Waterfront Holdings (IWH) is planning to list in the first half of 2021 to raise at least RM5bil after getting the go-ahead to start work on a mega project, its executive vice chairman said.

A RM1.24bil deposit and advance payment completed on Tuesday fulfilled its initial contractual obligations to the government to allow the group and its partner China Railway Engineering Corp (CREC) to start work on Bandar Malaysia.

The mega-project on the fringe of Kuala Lumpur city centre was initially announced in 2011, scrapped in 2017 and reinstated in April this year.

IWH's IPO plan has been contingent on the multi-billion city development project progressing, and after scrapping plans for a backdoor listing in 2017, it revived a plan to list on its own last year.

Executive Vice Chairman Lim Kang Hoo said in an interview that infrastructure construction and earthworks are planned for early next year.

IWH intends to submit its IPO application by the end of this year, and is targeting long-term institutional investors like pension funds, Lim said.

He said IWH is valued at RM20bil, based on valuations of more than 4,000 acres of land it owns in the south of the Malaysian peninsular.

Plans are to raise a minimum 25% of that value in the listing.

"This is a fully asset-backed IPO. Buying one share is like buying one square foot of the land," he said.

Lim said RM3.7bil of the proceeds will be used to clear debt incurred from acquiring 60% of the Bandar Malaysia project alongside CREC from the Ministry of Finance.

The project is suppose to serve as the terminus for a planned Kuala Lumpur-Singapore high-speed rail link.

The company also plans to expand to other parts of Malaysia and in Southeast Asia.

IWH has appointed CIMB to lead its listing, while ICBC, Bank of China and CITIC are bookrunners, Lim said.

(Reporting by Liz Lee; Editing by Jan Harvey)

Posted by Good123 > 2020-09-16 00:35 | Report Abuse

China 20:21, 15-Sep-2020

China's COVID-19 vaccine could be ready for public in November: expert

Updated 20:45, 15-Sep-2020

CGTN

01:01



Wu Guizhen, the chief biosecurity expert from China's Center for Disease Control and Prevention (CDC), said on Monday that ordinary Chinese residents could start receiving COVID-19 vaccines as early as November, adding that the current Phase III clinical trials have been going smoothly.

China has been leading the world in research and development of a vaccine against COVID-19. Nine vaccines have entered Phase III of clinical trials around the world, and five of them are being developed by China, according to Wu.

Wu said that the novel coronavirus is a high-risk virus and needs to be produced in a negative pressure environment. Experts from the health commission departments are now intensively reviewing production workshops. Two have passed examination and approval, and a third is being evaluated.

More than 30 novel coronavirus vaccines worldwide have entered the clinical trial stage, nine of which have entered the Phase III clinical trial stage.

Posted by Good123 > 2020-09-16 11:22 | Report Abuse



SHANGHAI/NEW YORK: Most Asian shares rose on Wednesday, extending a rally driven by upbeat Chinese and U.S. economic data, but the dollar, U.S. yields and gold held steady as investors awaited the Federal Reserve's view on the economy at its policy meeting.

Following robust industrial output and retail sales data from China and higher U.S. factory production investors are focusing on the Fed's policy statement due Wednesday, the first since Chair Jerome Powell announced an increased tolerance for higher inflation.

"The risk is if we see no new developments since his Jackson Hole shoutout, this could have near-term pressure on yields ticking up, gold and precious metals complex lower, dollar higher and general risk-off in U.S. equities," said Kay Van-Petersen, global macro strategist at Saxo Capital Markets.

"If we do get a surprise on the accommodative side - we've gotten this a few times from smooth Jay (Powell) - then we could get the inverse of all that, including the next big structural break higher in gold."

The Fed is due to announce its decision at 1800 GMT Wednesday, followed by a news conference from Powell.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.5% higher. Australian shares gained 0.74% and Taiwan's tech-heavy board added 1.16%.

However, Chinese blue-chips pulled back 0.1% as investors booked profits after three days of gains.

Investors also await Japan's parliamentary approval of Yoshihide Suga as the country's next prime minister on Wednesday. Suga will then form a new cabinet.

Japan's Nikkei erased early losses and was last up 0.14%.

The Fed meeting comes as U.S. lawmakers remain at an impasse over a new stimulus package amid lingering concerns about the recovery of the world's largest economy from the coronavirus pandemic.

"There is some expectation that with the U.S. Congress unwilling/unable to agree to a new fiscal package, monetary policy may need to step in to fill the void," NAB analyst Tapas Strickland said in a note. "Accordingly markets will be focused on any changes to forward guidance and to any balance sheet adjustments."

The Bank of Japan and the Bank of England announce their respective policy decisions on Thursday.

E-mini futures for the S

Posted by Good123 > 2020-09-16 11:24 | Report Abuse



Fears of Singapore falling into a prolonged recession are subsiding with home sales growing for the fourth-consecutive month

SINGAPORE: Singapore home sales surged to an 11-month high in August, buoyed by demand from locals who are betting that prices will rebound as soon as next year.

The number of new units sold rose 16% to 1,256 last month from 1,080 in July, according to Urban Redevelopment Authority data released yesterday.

That’s the most since September last year and up from a near six-year low in April during the height of the lockdown.

Fears of Singapore falling into a prolonged recession are subsiding with home sales growing for the fourth-consecutive month.

Singapore forecast its worst recession on record in August, with the government estimating the economy could shrink between 5% and 7% this year.

People who are buying now are betting that the economy will rebound.

Prices could increase once the economy starts to recover next year, said Nicholas Mak, head of research and consultancy at APAC Realty Ltd. unit ERA.

Singapore’s gross domestic product could expand by 7% next year, according to an August report by the Asean 3 Macroeconomic Research Office.

More than 80% of the buyers are locals, many of whom are upgrading from public housing to private units or investing.

“It’s definitely a positive sign. Buyers could be sending a signal that the worst could be behind us, ” Mak said. — Bloomberg

Posted by Good123 > 2020-09-16 11:43 | Report Abuse



CBRE|WTW group managing director Foo Gee Jen (pic) has expressed optimism about the local property market despite the global pandemic and its impact on the economy.

KUALA LUMPUR: The current sluggish market could be a “period of opportunity” for buyers and investors, according to property experts and consultants.

CBRE|WTW group managing director Foo Gee Jen (pic) has expressed optimism about the local property market despite the global pandemic and its impact on the economy.

“There is a lot of opportunity in the market as there are plenty of available assets that weren’t available before, ” he said during a panel discussion at the 2020 National Housing and Property Summit here yesterday.

Foo said sellers were also “more reasonable” with their prices now.

“Many are willing to negotiate. Furthermore, compared with the previous crises when interest rates were in the double digits, it’s really low today.”

Foo also pointed out that despite the current economic situation, the property market has not crashed.

“Even with the pandemic, the market has not hit a hard landing.”

The property market, he said, had been “moving sideways” for six years now, adding that the situation is likely to persist this year as well.

“The market has been moving like a crab since 2014. But the issue is, are our homes expensive or salaries too low?”

Savills Malaysia deputy managing director Nabeel Hussain said Malaysia’s property market is considered attractive to foreign investors because of the affordability.

“Malaysian properties are considered among the least expensive in the region and globally. We also have one of the most successful affordable housing regimes in the world.” Despite the economic slowdown, Nabeel said the property market had not ground to a halt.

“We still have property transactions this year, they are just a bit slow.

“Yes, we’re worried about the virus, but things need to keep moving. We can’t just sit down and do nothing.”

Meanwhile, Juwai IQI Holdings global chief economist Shan Saeed pointed out that the Straits of Malacca was one of the most important shipping waterways in the world and would continue to make Malaysia a vital trade destination for global powerhouses such as China.

“We expect Malaysia to stabilise by the fourth quarter of this year, ” he said.

The full-day summit was organised by KSI Strategic Institute for Asia Pacific and co-organised by FIABCI Malaysia.

To boost the local property sector, the government reintroduced the Home Ownership Campaign (HOC) in June under the Short-Term Economic Recovery Plan (Penjana).

Under the campaign, stamp duty exemption is provided 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 agreement effective for sales and purchase agreements signed between June 1 and May 31,2021.

In addition, real property gains tax (RGPT) exemption is also given to Malaysians for the disposal of up to three properties between June 1,2020 and Dec 31,2021.

The HOC was kicked off in January to address the overhang problem in the country. The campaign, which was initially intended for six months, was extended for a year.

The HOC proved successful, having generated total sales of RM23.2bil in 2019, surpassing the government’s initial target of RM17bil.

Posted by Good123 > 2020-09-16 15:06 | Report Abuse

continue to rise eeok? :) （吉隆坡15日讯）UEM阳光（UEMS，5148，主板产业股）推出“追逐快乐”促销活动，2个月内创造了超过4亿令吉的销售额及订单。

UEM阳光在文告中指出，这是配合政府提出的短期经济复苏计划（PENJANA），而推出这项促销活动，以帮助更多人购买房屋。

因此，复苏行动管控令（RMCO）实施以来，UEM阳光录得高量的销售额及订单，其中位于甲洞的Residensi AVA首两座大楼的认购率达55%。

而7月刚推出的万宜Frischia双层住宅，以及依斯干达公主城的Senadi Hills第一期，认购率更是高达91%及80%。

UEM阳光董事经理兼总执行长安华沙林指出，该公司理解购屋者们的需求，和他们在管控令期间对市场信心的压抑，因此制定销售策略，努力将人们的购兴转化为实际的预订及购买行为。

UEM阳光计划在未来，于满家乐推出两项房产计划，以及于万宜继续推出双层排屋计划。

闭市时，UEM阳光报39仙，扬1.5仙或4%，成交量288万7800股。

Posted by Victor Yong > 2020-09-16 15:28 | Report Abuse

yup, it should continue to rise further tomorrow :)

UEM Sunrise achieves over RM400mil sales in two months
By NST Business - September 15, 2020 @ 4:23pm

KUALA LUMPUR: UEM Sunrise Bhd has achieved more than RM400 million sales and bookings in less than two months after the launch of its "The Happy Chase" campaign.

"The Happy Chase" is UEM Sunrise's response to the government's reintroduction of the Home Ownership Campaign (HOC) as part of the Penjana (Short-Term Economic Recovery Plan) following the Movement Control Order (MCO) to curb the spread of the Covid-19 pandemic.

UEM Sunrise said in a significant sales upswing since the beginning of the Recovery MCO, popular projects such as Residensi AVA, the eco-living condominium suites, had seen a take-up rate of 55 per cent of the first of two towers.

Residensi AVA forms the first phase of Kiara Bay, a 73-acre flagship waterfront development of UEM Sunrise in Kepong.
You May Also Like

UEM Sunrise lowers sales target
UEM Sunrise on track to achieve RM1.2b sales target
RM400mil lawsuit against Musa Aman withdrawn
UEM Sunrise optimistic of RM2b sales target

Meanwhile, Frischia, a contemporary double-storey terraced home offering in Serene Heights Bangi, and phase 1A of Senadi Hills in Iskandar Puteri have seen 91 per cent and 80 per cent of their units respectively taken up since their launch in July.

"We were persistent in pivoting our strategies to continue building the awareness and interest of our products and the UEM Sunrise brand during the MCO and Conditional MCO period.

"We knew that there was pent-up demand from the buyers and their confidence in our products, that we were able to convert much of this leads and interest to actual bookings – showing that our efforts are paying off," said managing director and chief executive officer Anwar Syahrin Abdul Ajib.

The campaign - aimed at addressing concerns faced by house buyers, promises exciting rebates, attractive rewards and easy entry - has garnered much interest.

The campaign offered booking fees from as low as RM1, waiver on sales and purchase agreement and loan legal fees and a multitude of other rewards including additional rebates and subsidies.

Anwar said UEM Sunrise would capitalise on the positive trend and continue pushing ahead with its new launches.

They include Allevia, an exclusive high-rise development in the heart of Mont'Kiara; Plot B of Solaris Parq, the office tower component of the 18.76-acre mixed-development masterplan, and Verna, the latest double-storey terraced home offering in Serene Heights Bangi.

"Customers believe in finding happiness through our developments which are surgically tailored for them with the E.V.E. philosophy which is Exciting, bringing Value and Easy to Own.

"Many of them are currently on the lookout for attractive deals, and they know that they can find it in UEM Sunrise products," he added.

Posted by Victor Yong > 2020-09-16 15:31 | Report Abuse

hopefully, dividend will restart soon, say, this year :) Retained profits ~RM2bil+, can pay dividend anytime.

27-Apr-2018 04-Jun-2018 DIVIDEND Final Dividend RM 0.01 Dividend Detail
28-Apr-2016 27-May-2016 DIVIDEND First and Final Dividend RM 0.0160 Dividend Detail
28-Apr-2015 27-May-2015 DIVIDEND First and Final Dividend RM 0.0300 Dividend Detail
01-Apr-2014 28-May-2014 DIVIDEND First and Final Dividend RM 0.04 Dividend Detail
08-May-2013 28-Jun-2013 DIVIDEND First and Final Dividend RM 0.03 Dividend Detail

Posted by Victor Yong > 2020-09-16 15:36 | Report Abuse

52 Weeks Range: 0.275 - 0.81
Average Price Target: 0.50
Price Target Upside/Downside: +0.11

Date Close

17/09/2020. 0.4+ ?????
15/09/2020 0.39
14/09/2020 0.375
11/09/2020 0.38
10/09/2020 0.37
09/09/2020 0.38
08/09/2020 0.385
07/09/2020 0.39
04/09/2020 0.39
03/09/2020 0.395
02/09/2020 0.40
01/09/2020 0.405
28/08/2020 0.405
27/08/2020 0.405
26/08/2020 0.41
25/08/2020 0.405
24/08/2020 0.405
21/08/2020 0.41
19/08/2020 0.405

Posted by Victor Yong > 2020-09-16 15:54 | Report Abuse

Very likely, the effect will spill over To Johor and also Malaysia :)


Fears of Singapore falling into a prolonged recession are subsiding with home sales growing for the fourth-consecutive month

SINGAPORE: Singapore home sales surged to an 11-month high in August, buoyed by demand from locals who are betting that prices will rebound as soon as next year.

The number of new units sold rose 16% to 1,256 last month from 1,080 in July, according to Urban Redevelopment Authority data released yesterday.

That’s the most since September last year and up from a near six-year low in April during the height of the lockdown.

Fears of Singapore falling into a prolonged recession are subsiding with home sales growing for the fourth-consecutive month.

Singapore forecast its worst recession on record in August, with the government estimating the economy could shrink between 5% and 7% this year.

People who are buying now are betting that the economy will rebound.

Prices could increase once the economy starts to recover next year, said Nicholas Mak, head of research and consultancy at APAC Realty Ltd. unit ERA.

Singapore’s gross domestic product could expand by 7% next year, according to an August report by the Asean+3 Macroeconomic Research Office.

More than 80% of the buyers are locals, many of whom are upgrading from public housing to private units or investing.

“It’s definitely a positive sign. Buyers could be sending a signal that the worst could be behind us, ” Mak said. — Bloomberg

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

will wait for uems to rise sharply :)

He also warned against chasing after performance or “hot” stocks, as some have run far ahead of their fundamentals such as the rubber glove and technology stocks.

“This is not sustainable and there is a high risk of a pull back. We do not want to buy high and sell low,” he said.

While expectations on returns are definitely lower, given the prevailing interest rates and dampened forecasts of economic growth, investors can still be on the lookout for undervalued assets, blue chip stocks or REITs, he added.

Zeng said these assets, as well as hard assets such as prime properties and commodities, are poised to rise sharply once the economy recovers and when inflation kicks in.

Posted by Good123 > 2020-09-16 23:00 | Report Abuse

PARIS (Sept 16): The global economy appears to be recovering from the coronavirus slump faster than thought only a few months ago, thanks to improving outlooks for China and the United States, the OECD said on Wednesday.

The world economy is on course to contract 4.5% this year, the Organisation for Economic Cooperation and Development said, which — though unprecedented in recent history — was up from the 6% contraction that it forecast in June.

Provided the virus is kept from spreading out of control, the global economy will bounce back into growth next year by expanding 5%, trimmed from a June forecast of 5.2%, the Paris-based policy forum said.

However, a stronger resurgence of the virus or more strict measures to contain it could chop 2-3 percentage points from the 2021 outlook, the OECD warned.

The OECD said its forecasts were built on the assumption that local outbreaks would continue and would be targeted with local action rather than nationwide lockdowns. It also assumed a vaccine would not be widely available until late next year.

The OECD said governments and central banks' actions to support households and companies' incomes had helped avert worse downturns and should therefore be kept up, as outbreaks keep appearing sporadically.

Its brighter overall outlook for this year masked big differences between major economies with the United States, China and Europe seen performing better than feared, while India, Mexico and South Africa may do worse as they struggle to contain the virus.

Having been the first country to experience the outbreak and having moved swiftly to control its spread, China was forecast to be the only country in the G20 group of economic powers to see growth this year, with an increase of 1.8%, up from a June projection of a contraction of 2.6%.

Meanwhile, the US economy, the world's biggest, was also forecast to fare better this year than previously feared with a contraction of 3.8%, still dire but far better than the -7.3% forecast previously.

Posted by Good123 > 2020-09-16 23:06 | Report Abuse

for remembrance :)

Why UEM Land acquires Sunrise?

About the offer…


On 4th November 2010, UEM Land Bhd plans to take control of Sunrise Bhd in a RM1.4bil deal. Shareholders of Sunrise are given 2 options:

UEM Land to acquire Sunrise shares at RM2.80 via the issuance of UEM Land shares at RM2.10 each, or

Sunrise shareholders get 2.80 redeemable convertible preference shares (RCPS) for every one offer share.



 

Why Sunrise?


Reasons given by UEM Land were:

Leveraging on Sunrise Group's robust financial strengths and prospects

Accelerate UEM Land's own business expansion

To secure new development projects

And, to create another Capital Land (Singapore state-own company which is one of Asia's biggest property developers)


After the deal is completed…

UEM Group's shareholding in UEM Land will fall to around 60%

Major shareholder of Sunrise will have stake of around 9% in UEM Land

Sunrise will be delisted from Bursa Malaysia

But, the brand name of Sunrise will be retained

Creating an enlarged group with combined asset base of over RM5bn





Finance Malaysia thinks that the acquisition would compliment UEM Land's lack of expertise in high-rise, high-end property development. What UEM Land's business was in macro township development, such as the Nusajaya project. Mont Kiara, being the award winning development by Sunrise, is a clear example. UEM Land knows that Nusajaya would NOT be perfect without a brand and expertise such as Sunrise's.

Posted by Victor Yong > 2020-09-17 07:35 | Report Abuse

“ I don't know that the connection between asset purchases and financial stability is a particular tight one," Powell said in a press conference after the Fed concluded a two-day meeting.

NEW YORK: One key investor takeaway from Federal Reserve Chair Jerome Powell's press conference on Wednesday: This central bank is not going to break a sweat fretting about future asset bubbles.

The Fed launched unprecedented support when the coronavirus pandemic hit the United States earlier this year, slashing interest rates and unleashing asset purchases which has pushed bond yields to lows and sent equity prices to record highs.

Still, Powell said the decade-long U.S. economic expansion, which ran prior to the pandemic hitting growth, had included both quantitative easing and low interest rates but was "notable for the lack of the emergence of some sort of a financial bubble."

"I don't know that the connection between asset purchases and financial stability is a particular tight one," Powell said in a press conference after the Fed concluded a two-day meeting.

The central bank said Wednesday that it will continue to purchase $120 billion in government bonds each month in order to support the economy and does not expect to raise interest rates until at least 2023 in order to let some inflation build in the economy.

The central bank's balance sheet has remained steady at around $7 trillion since May as it has reduced some purchases of corporate bonds as spreads have tightened. Its balance sheet stood at approximately $4.29 trillion in the first week of March.

The Fed's policy closely resembles its approach following the 2008 financial crisis, which fueled rallies in assets ranging from equities to real estate, said Scott Kimball, portfolio manager of the BMO Core Plus Bond Fund.

"The rally in the equity markets are the end result of a lot of actions that the Fed has taken along the way, and the Fed is acknowledging that the wealth effect of boosting risk assets is real but not a systematic risk," said Scott Kimball.

The U.S. benchmark S&P 500 is up approximately 51% since its lows in March, bolstered in part by the U.S. central bank's $3 trillion stimulus plan and move to slash interest rates to essentially zero. The index now trades at a trailing price to earnings ratio of 27.2, nearly double its historical average of 16, according to Refinitiv data.

"The Fed is telling investors that they are putting the monetary policy pedal to the metal," said Brian Jacobsen, multi-asset strategist at Wells Fargo Funds, who said that he expects the U.S. equity market to continue to rally, though at a slower pace than the last six months.

Still, there seemed to be some disappointment on Wednesday that the Fed had not gone further. There had been some hopes that the central bank was gearing up to extend the duration of its bond purchases, or ramp up asset purchases more generally, to keep longer bond yields lower and prevent an equity market correction.

Andrew Brenner, head of international fixed income at NatAlliance said the Fed was "nowhere near as dovish as many had thought" with no extension of asset purchases, no increase in buying of longer-end bonds and no yield curve capping, which alongside a view that the Fed will let inflation run, pushed up longer-end yields and hurt equities, he said.

Benchmark 10-year Treasuries dipped, pushing yields up to 0.69% from 0.67% the day before, while the S&P 500 lost 0.46%. 30-year Treasuries also dipped, with yields rising to 1.46% from 1.43% the day before.

Longer term, the Fed's announcement on Wednesday helps the trends that were already in place, investors said.

"It underscores the idea that if you’re hoping to get some kind of yield in the bond market it is still many years down the road," said Jason Ware, chief investment officer at Albion Financial, adding that as a result "it helps stocks look attractive on a relative basis."

- Reuters

Posted by Good123 > 2020-09-17 07:55 | Report Abuse

uemland spent about rm1.4bil to acquire sunrise, now market cap of uems ~rm1.7bil . super cheap. our singapore land :)

Posted by Victor Yong > 2020-09-17 08:35 | Report Abuse

More n more infrastructure projects e.g. mrt, lrt, hsr, etc, enhance land and house value in stages.

Posted by Victor Yong > 2020-09-17 08:39 | Report Abuse

Buying land and cash rich property stocks like uems is much better than buying houses directly

Posted by Victor Yong > 2020-09-17 08:45 | Report Abuse

The overnight policy rate (OPR) is clearly higher than the benchmark rates in the advanced countries.

“So, from the carry trade point of view, the ringgit could rise. At the moment, the OPR stands at 1.75% while the US Federal Fund Rate remains at 0.25%.

“That’s a 150-basis-point difference between the OPR and the Fed Fund Rate, ” he said.

In addition, he said the country’s ability to contain the Covid-19 spread was a plus point as the economic recovery process can happen almost immediately, allowing for a sustained increase in the gross domestic product.

Posted by Good123 > 2020-09-17 09:12 | Report Abuse

uptrend, above 40sen now

Posted by Good123 > 2020-09-17 09:12 | Report Abuse

confirmed uptrend started :)

Posted by Good123 > 2020-09-17 10:01 | Report Abuse

wait for traders to exit at 40sen now. stronger rebound thereafter :)

Posted by Good123 > 2020-09-17 10:07 | Report Abuse

uem sunrise, sunrise day, today :)

Posted by Good123 > 2020-09-17 10:42 | Report Abuse

rebounding continuously

Posted by Good123 > 2020-09-17 10:53 | Report Abuse

Fed pledges to keep rates low until it achieves maximum employment

Updated 09:08, 17-Sep-2020

CGTN



The Federal Reserve building in Washington, D.C., U.S. /VCG

The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero and signaled to maintain this target range until at least 2023.

The recovery has progressed more quickly than generally expected, but overall activity remains well below its level before the pandemic and the path ahead remains highly uncertain, Fed Chairman Jerome Powell said at a virtual news conference Wednesday afternoon, after the Fed's two-day policy meeting.

The central bank chief noted roughly half of the 22 million jobs that were lost in March and April have been regained as many people returned to work, and unemployment rate remained elevated at 8.4 percent as of August. He added that the level of unemployment is probably 3 percent higher than the official data, considering those people who are misidentified as employed and the declined labor force participation.

Looking ahead, the Federal Open Market Committee (FOMC), the Fed's policy setting body, projected the unemployment rates to continue to decline, according to the latest economic projections.

The median projection for unemployment rate is 7.6 percent at the end of this year, and 4 percent by the end of 2023. It's still above the historically low of 3.5 percent the country experienced before the COVID-19 pandemic.

Inflation, meanwhile, is expected to reach 1.2 percent by the end of this year, and will gradually pick up before reaching two percent by the end of 2023.

The central bank also noted that the path of the economy will depend significantly on the course of the virus.

"The ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term," the Fed said in its latest FOMC statement.

In light of these assessments, the FOMC decided to keep the target range for the federal funds rate at 0 to 0.25 percent, a level which hasn't been unchanged since March.

The committee expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to two percent and is on track to moderately exceed 2 percent for some time, according to the statement.

When asked to explain the specifics about inflation overshooting, Powell told reporters that "we're resisting the urge to try to create some sort of a rule or a formula here."

"We want to achieve inflation that averages two percent over time," said the Fed chairman. "And if we do that, inflation expectations will be right at two percent and that will help us achieve two percent inflation over time and avoid the situation where the central bank loses its ability to support the economy."

Powell also noted that more fiscal support is likely to be needed to support economic recovery, as unemployment rate remains high, numerous small businesses are struggling, and state and local governments are in dire financial situation.

"It will take a while to get back to the levels of economic activity and employment that prevailed at the beginning of this year, and it may take continued support from both monetary and fiscal policy to achieve that," he said. 

Source(s): Xinhua News Agency

Posted by Good123 > 2020-09-17 10:53 | Report Abuse

Economy 18:32, 16-Sep-2020

OECD lifts economic outlook on stronger-than-expected U.S., Chinese recoveries

CGTN

The global economy appears to be recovering from the coronavirus slump faster than thought only a few months ago thanks to improving outlooks for China and the United States, the Organization for Economic Cooperation and Development (OECD) said on Wednesday.

The world economy is on course to contract 4.5 percent this year, the organization said, which was up from the 6 percent contraction that it forecast in June.

Provided the virus is kept from spreading out of control, the global economy will bounce back into growth next year by expanding 5 percent, trimmed from a June forecast of 5.2 percent, the Paris-based policy forum said.

However, a stronger resurgence of the virus or more strict measures to contain it could chop 2-3 percentage points from the 2021 outlook, the OECD warned.

Posted by Good123 > 2020-09-17 10:54 | Report Abuse

The OECD said its forecasts were built on the assumption that local outbreaks would continue and would be targeted with local action rather than nationwide lockdowns. It also assumed a vaccine would not be widely available until late next year.

The OECD said governments and central banks' actions to support households and companies' incomes had helped avert worse downturns and should therefore be kept up as outbreaks keep appearing sporadically.

Its brighter overall outlook for this year masked big differences between major economies, with the United States, China and Europe seen performing better than feared while India, Mexico and South Africa may do worse as they struggle to contain the virus.

As the first country to experience the outbreak and having moved swiftly to control its spread, China was forecast to be the only country in the G20 group of economic powers to see growth this year with an increase of 1.8 percent, up from a June projection of a contraction of 2.6 percent.

Meanwhile, the U.S. economy, the world's biggest, was also forecast to fare better this year than previously feared with a contraction of 3.8 percent, still dire but far better than the -7.3 percent forecast previously.

(Cover: VCG)

Source(s): Reuters