Steady bonbibi If fake Q, after people take on the Q sell, the so called fake Q will dissapear but unfortunately , the big Q stay intact and no withdrawal....foreign big fund try to make an exit , lousy company!!!
I been suffered big loss at this stopid counter after holding for few year....few year ago, bought at rm0.84 , I thought I’m smart enough coz buy in at lower price after it drop all the way from RM2.56 in 2013....now trading at RM0.415, I’m loss 50% again
This stock potential to drop below RM0.30 if big fund loss patience and dump at lower price
The Cheras new land buying is lousy investment decision!! Almost RM650 per sqft which is way too high Below RM500 per sqft only consider reasonable The margin from this project less than 15% some more provided 100% sold which is bad business decision
The 2nd fast turnaround project in Cheras We are neutral on UEMS’s latest land acquisition near Taman Connaught MRT in Cheras. This newly acquired land, which has an estimated GDV of MYR1b, will be priced affordably (MYR500k/unit), targeting the young homeowners. The new project will likely enhance our 2023 EPS by +0.04sen. We maintain our earnings forecasts, MYR0.43TP (on 0.3x PBV and HOLD rating. Our picks for the sector: SPSB and ECWI. Acquires 6.86 acres land in Tmn Connought UEMS has signed a SPA with Accolade Land S/B to acquire 6.86 acres of freehold land adjacent to the Taman Connaught MRT station in Cheras for MYR197m (MYR659psf). The land will be developed into high-rise transit- oriented development that is targeting young homeowners who are looking for residences with immediate accessibility into the city centre. Neutral on the land deal We are neutral on the latest land purchase in Cheras due to its relatively higher land cost of MYR659psf versus recent land acquisition by Sunway near EkoCheras Mall at MYR289psf. The premium pricing (19.7% of estimated GDV of MYR1b), however, could be attributed to its close proximity to Taman Connaught MRT station and ready development order as well as an estimated plot ratio of 6. The land, which will be developed into high-rise apartments priced at around MYR500k/unit, is aiming at young homeowners. Could enhance our RNAV by +0.6sen UEMS plans to launch the project by 2H2022. Assuming a pretax margin of 15% and development period of 5 years, we expect the project to enhance our 2023 EPS by merely +0.04sen, while enhancing our RNAV estimate by +0.6sen. We keep our earnings forecasts unchanged for now pending further details from management.
Even Maybank Investment also rated the Cheras land is buy at high side compare wth Sunway who bought only at RM289 per sqft
I'm personally working at property company as well, this is very bad decision, very dissapointed , I'm holding the UEM Sunrise share at RM0.91 since few year ago
UEMS da keluar dari "ICU" . Is a time to monitor or accumulate it b4 it out from "hospital" . Case will be like MSM which was flying after out from "hospital". :)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
RAYDALIO_MALAYSIA
95 posts
Posted by RAYDALIO_MALAYSIA > 2021-06-01 10:11 | Report Abuse
Steady bonbibi
If fake Q, after people take on the Q sell, the so called fake Q will dissapear but unfortunately , the big Q stay intact and no withdrawal....foreign big fund try to make an exit , lousy company!!!
I been suffered big loss at this stopid counter after holding for few year....few year ago, bought at rm0.84 , I thought I’m smart enough coz buy in at lower price after it drop all the way from RM2.56 in 2013....now trading at RM0.415, I’m loss 50% again
This stock potential to drop below RM0.30 if big fund loss patience and dump at lower price