SIME DARBY PROPERTY BERHAD

KLSE (MYR): SIMEPROP (5288)

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Last Price

0.75

Today's Change

-0.02 (2.60%)

Day's Change

0.74 - 0.77

Trading Volume

12,388,400


2 people like this.

1,177 comment(s). Last comment by hhhiii123 1 week ago

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

The show for SIMEPROP is begin now

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

https://www.sinchew.com.my/news/20240104/finance/5244120

Investment bank never ending pushing up property stock..

Sime property target 82c

troy88

2,483 posts

Posted by troy88 > 1 month ago | Report Abuse

Hope to see it break last year's high 0.76 soon. UEMS has already done it

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

Yes, coming

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

82c by next week after johor MRT connecting ceremony and johor special economy zone announcement

moven00

701 posts

Posted by moven00 > 1 month ago | Report Abuse

@ pang72 keep here alive. 👍🏻

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

Move 00,
The fire is heating up SIMEPROP...
It is firing up next week

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

Without many know, we ride on it...till people realise the gem later above rm1

sg999

1,742 posts

Posted by sg999 > 1 month ago | Report Abuse

@pang72, simepro land band not located at johor right? uems is due to huge landbank at iskandar.

calvintaneng

52,841 posts

Posted by calvintaneng > 1 month ago | Report Abuse

SIMEDARBY PLANT EARNINGS ARE MORE SUPERIOR

PALM OIL COMPANY PROFITS IN YEAR 2019 VERSUS NOW IN 2024 (After 4 to 5 Years Show Excellent Growth, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-01-08-story-h-210649988-PALM_OIL_COMPANY_PROFITS_IN_YEAR_2019_VERSUS_NOW_IN_2024_After_4_to_5_Y

duatlai

156 posts

Posted by duatlai > 1 month ago | Report Abuse

From .615 to .725 in 4 trading days,
After profit taking will go even stonger

Posted by Kekuntuman > 1 month ago | Report Abuse

PNB disposed maybe???to give money to asb divident

hhhiii123

644 posts

Posted by hhhiii123 > 1 month ago | Report Abuse

Clear position first, selling force too strong, hope tomorrow won't rebound...

Posted by Iamnotasifu > 1 month ago | Report Abuse

after pull back. Next week Rm2

Posted by bullrun2025 > 1 month ago | Report Abuse

Next week rm20

hhhiii123

644 posts

Posted by hhhiii123 > 1 month ago | Report Abuse

Get ready bullet for wave2, hehe

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

Yes! Wait for wave 2 after this consolidation...
So, tmr wave 2?

Posted by bullrun2025 > 1 month ago | Report Abuse

Anyone top up today???

tatwaiwong

268 posts

Posted by tatwaiwong > 1 month ago | Report Abuse

today have money,so collect 0.670 lo......hahahahaha-:(

tatwaiwong

268 posts

Posted by tatwaiwong > 1 month ago | Report Abuse

today think try new share,collect edgenta 0.995 de,but didint down,so 12.00pm change simperop 0.670.

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

Thought good news regarding the johor special economy zone to bring up SIMEPROP but it is like no news or Agak Agak news..
UEMS starts falling 4% but SIMEPROP up 0.5%.......
Asset back stable stock always no worry of crashing like goreng stock..

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

If you are in UEMS goreng stock, you will be scaring cut lose today . So, it is good to buy FA stock for investment like SIMEPROP.
Hope answer your question SG999

newbie9893

1,829 posts

Posted by newbie9893 > 1 month ago | Report Abuse

E&O already shoot up to the moon, next counter will be Simeprop...buy now to be rewarded very soon

sg999

1,742 posts

Posted by sg999 > 1 month ago | Report Abuse

if uems big fall, simepro will follow as well

hhhiii123

644 posts

Posted by hhhiii123 > 1 month ago | Report Abuse

Ggg, ready to break

newbie9893

1,829 posts

Posted by newbie9893 > 1 month ago | Report Abuse

slowly but surely...go...go...go

jinchan

47 posts

Posted by jinchan > 1 month ago | Report Abuse

still can buy now?

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

70.5c liao

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

Simep is much stable, less volatile

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

I like quiet stock

hhhiii123

644 posts

Posted by hhhiii123 > 1 month ago | Report Abuse

Out and prepare entry again hehe

Posted by bullrun2025 > 1 month ago | Report Abuse

Anyone can advice is it the double top formed for this stock

hhhiii123

644 posts

Posted by hhhiii123 > 1 month ago | Report Abuse

No double top la, anytime this counter will shoot to sky one, just how long you are willing to hold for it

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

Let's break 76.5c 52 wks high..
PROPERTY continues in focus

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

Today up 2c
Tmr up 2c
The next day up lagi 2c..

Then, 77.5c break 52wks high

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

HLIB Retail Research – 23 Jan - Bullish Tracker
Date:
2024-01-23
Firm:
HLG
Stock:
SIMEPROP
Price Target:
1.05
Price Call:
BUY
Last Price:
0.715
Upside/Downside:
+0.335 (46.85%)
SIMEPROP (5288)-Main market, Property
As the largest industrial developer in Malaysia, SIMEPROP’s is well-positioned to capitalize on the thriving industrial segment, which is benefitting from strong FDIs as a result of re-shoring activities by global manufacturers due to rising geopolitical tensions. This should bode well for the industrial contribution to SIMEPROP’s sales, which had seen sizeable increase from 0% in 2019 to 33% of its 9M23 sales. This segment is attractive, fetching higher margin and faster construction time compared to residential.

Landed residential is SIMEPROP’s forte. Overall, green shoots are emerging for residential landed in greater Klang Valley (KV) as evident from the improving and strong take-up rates enjoyed by landed township developers not only in KV but also in the fringe areas of Negeri Sembilan. Given that 94% of the group’s remaining GDV are in the greater KV region, the group is poised to greatly benefit from this trend.

Reiterates BUY with a RM1.05 TP (ascribing a 50% discount to our estimated RNAV of RM2.10) as the group’s strong execution track record and well-planned strategies should allow it to ride this new upcycle.

Positive Cup with Handle formation may spur share prices higher towards 0.765-0.795-0.93 levels

âś…Current price: RM0.71

âś…Entry: RM0.69-0.71-0.715

âś…Resistance: RM0.765-0.795-0.93

âś…Cut loss: RM0.675

âś…FY12/2024E DY: 3.4%

âś…Latest Book value/shr (RM): 1.45

âś…Price/book value (x): 0.49 (-18% vs 10Y avg 0.6x)

âś…Risk profile: Medium

Source: Hong Leong Investment Bank Research - 23 Jan 2024

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

HLG target $1.05

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

Hlib gave $3.90 target for ytlpower way accurate than others..
So, $1.05 for SIMEPROP, hopefully or I believe as accurate as ytlpower target

troy88

2,483 posts

Posted by troy88 > 1 month ago | Report Abuse

Finally showing it's potential..

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

SimeProp is currently the largest industrial developer in Malaysia with more than
RM15bn remaining GDV for industrial developments. The group has several industrial lands in
townships such as Bandar Bukit Raja, Elmina Business Park, Serenia City, Hamilton Nilai City,
Bandar Universiti Pagoh and the more recently acquired Kapar land. The industrial segment
remains attractive given the strong FDI flows to Malaysia, noting that in 2022, Malaysia recorded
its highest net FDI amounting to RM73.3bn (+52.2% YoY) (see Figure #1 below). As a geopolitically
neutral country, Malaysia is well-positioned to benefit from the de-globalization trend as
manufacturers re-shore and recalibrate their supply chains due to the ongoing US-China trade
friction and Russia-Ukraine war.

Credit: HLIB Research

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Ready to soar. In a property upcycle, the developer that will see the largest re-rating in stock price
are those that (i) are pure-play developers; (ii) have largest landbank; (iii) strong execution; and (iv)
undemanding valuation. SimeProp meets all these criteria and currently has a head start in the
upcycle ahead of its peers given its exposure to the attractive segments. With the last hurdle of
labour shortage resolved, we think the group is ready to double down on its effort and go into market
more aggressively moving forward, which should culminate in stronger earnings growth in years to
come.

Credit: Tan Kai Shuen, CFA

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

AmanahRaya Trustee disposing shares to foreign institutional buyer. BUY

hhhiii123

644 posts

Posted by hhhiii123 > 1 month ago | Report Abuse

Trend so geng, break 80 can topup again

pang72

46,696 posts

Posted by pang72 > 1 month ago | Report Abuse

https://www.sinchew.com.my/news/20240124/finance/5332515
Lagenda+SIMEPROP - > Affordable House

hhhiii123

644 posts

Posted by hhhiii123 > 1 month ago | Report Abuse

Good things is I am holding both lagenda and simeprop, wakaka

old boy

159 posts

Posted by old boy > 1 month ago | Report Abuse

Forming a perfect cup and handle pattern weekly chart, strong uptrend if break 0.755

kahfui1221

272 posts

Posted by kahfui1221 > 1 month ago | Report Abuse

HLIB Research upbeat about Sime Darby Property-Lagenda JV housing project in Gurun

https://www.nst.com.my/property/2024/01/1006707/hlib-research-upbeat-about-sime-darby-property-lagenda-jv-housing-propject

Posted by wallstreetrookieNEW > 3 weeks ago | Report Abuse

Added more. Elmina Shah Alam is selling like hot cakes

KingKKK

275 posts

Posted by KingKKK > 3 weeks ago | Report Abuse

Property Sector - Pre-CNY Rally Leaders and Laggards? Discussion about E&O, SIMEPROP, UEMS, SPSETIA, SUNWAY, IOIPG, MAHSING and ECOWLD

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-08-story-h-189225169-Property_Sector_Pre_CNY_Rally_Leaders_and_Laggards_Discussion_about_UEM

hhhiii123

644 posts

Posted by hhhiii123 > 1 week ago | Report Abuse

Today so geng, hehe

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