Posted by macai > 2024-05-23 18:15 | Report Abuse

https://theedgemalaysia.com/node/712702

Posted by macai > 2024-05-23 18:17 | Report Abuse

KUALA LUMPUR (May 23): Sime Darby Property Bhd (KL:SIMEPROP) said on Thursday it will build and lease out a hyperscale data centre at its Elmina Business Park in a deal worth RM2 billion.
The project is expected to be completed in 2026, the developer said in a statement. Once construction is completed, it will sign a 20-year lease with an undisclosed US-based multinational technology corporation.

Posted by kahfui1221 > 2024-05-23 18:58 | Report Abuse

Looks like Simeprop is joining the data center theme 😀

Posted by kritikos > 2024-05-23 22:31 | Report Abuse

i see fr Zeff's FB that the data centre is for Google...

Posted by Mabel > 2024-05-23 23:04 | Report Abuse

#tatwaiwong Mr mabel,ur story 2021 years lol,say at now.what u need?Hahahahahaha
21/05/2024 1:19 PM

That's Part 1. This is Part 2...

Sime Darby Property Beat expectations and will join YTL Power to build Data Centre.

SDPR's 1Q24 core net profit of MYR124m (+1.2x YoY, -17% QoQ) positively surprised. 3M24 locked-in sales of MYR956m were also above our/management forecast/target. We raise FY24-26 earnings forecasts by +9% to +17% and TP to MYR1.13 (+27sen) on a higher 0.8x rolled forward FY25E P/B (+1SD to mean). The higher P/B is to reflect SDPRs strong position to benefit from rising demand for industrial properties in the Klang Valley.

In addition, Sime Darby Property Bhd (KL:SIMEPROP) said on Thursday it will build and lease out a hyperscale data centre at its Elmina Business Park in a deal worth RM2 billion, marking the group’s entry into the data centre segment.

The project is expected to begin in the second quarter of this year, and be completed in 2026, the developer said in a bourse filing. Once construction is completed, the group will sign a 20-year lease with Pearl Computing Malaysia Sdn Bhd — a wholly-owned unit of Singapore-based Raiden APAC Pte Ltd — with options to renew for two additional five-year terms.

To Our Success !

Meow

Posted by Mabel > 2024-05-24 08:35 | Report Abuse

*Record Highs for SIMEPROP*

Sime Darby Property (SIMEPROP) reported on 21 May’24 (Tuesday) that their quarterly net profit has doubled YoY to MYR123.6 million from MYR60.7 million. They also achieved record high quarterly revenue of MYR978.7 million contributed by higher sales.

SIMEPROP has achieved 32% of the group’s full year sales target of MYR3 billion. The group is expecting further growth with the launch of two landmark projects, The Ophera at KLGCC Resort, and the Elmina Lakeside Mall.

Posted by star899 > 2024-05-24 11:24 | Report Abuse

Sime Property would be another Data Center player with billions ringgit project jointly develop and lease out.

Posted by paktua73 > 2024-05-25 09:35 |

Post removed.Why?

Posted by EngineeringProfit > 2024-05-25 10:28 | Report Abuse

Sunway 2.0?

Posted by chon99 > 2024-05-25 11:21 | Report Abuse

https://www.simedarbyproperty.com/press-releases/sime-darby-property-develop-hyperscale-data-centre-elmina-business-park
What Sime Property has to say ??? Study this report to find out.

Posted by klee > 2024-05-25 13:34 | Report Abuse

Simeprop has the backing of titan PNB.It has huge tracts of cheap land.Now it only need to do a Nvidia or similar tie up,then it will be even bigger than YTL.Anyway this is a good start,it fires up the imaginations of funds.Hope simeprop management can follow up nicely.Rome is not built in a day.

Posted by EngineeringProfit > 2024-05-25 13:36 | Report Abuse

YTL 2.0?

Posted by klee > 2024-05-25 13:39 | Report Abuse

Amanah saham bumiputra holds 46% of simeprop.If they can jack it up to Rm2 or more,imagine how much can that fund payout.Use one stone kill multiple birds.Anwaromics.

Posted by klee > 2024-05-25 13:42 | Report Abuse

Pmx is best at using minimal cash to extract greatest economic benefits.
After all,federal govt BO LUI.Wakaka.So use land la,govt controls plenty of it.

Posted by klee > 2024-05-25 13:43 | Report Abuse

Paktua,good to see you her.hoseh liao.

Posted by klee > 2024-05-25 13:51 | Report Abuse

To prepare for petrol subsidy rationalisation,pmx has implemented epf ac3,raised civil service salary by 13%......next step....jack up amanam saham bumiputras company shares.

Posted by EngineeringProfit > 2024-05-25 14:04 | Report Abuse

Oh Anwaromics kah? Ok ok Faham

Posted by klee > 8 minutes ago | Report Abuse

To prepare for petrol subsidy rationalisation,pmx has implemented epf ac3,raised civil service salary by 13%......next step....jack up amanam saham bumiputras company shares.

Posted by Jerung > 2024-05-26 09:02 | Report Abuse

Still can enter is it too late :)

Posted by EngineeringProfit > 2024-05-26 09:56 | Report Abuse

U jerung shark takut apa? Many bilises coming next week

Posted by Jerung > 2024-05-26 10:55 | Report Abuse

Lol, camouflage only ;), what's TP EProfit macam can go high riding on d cureent trend like suncon and ytlp

Posted by star899 > 2024-05-26 15:12 | Report Abuse

Kuala Lumpur (May 23, 2024)
Sime Darby Property Bhd (KL:SIMEPROP) said on Thursday it will build and lease out a hyperscale data center at its ELmina Business Park in a deal worth RM2 billion "marking the group's entry into the "data center segment ".

Posted by star899 > 2024-05-26 15:16 | Report Abuse

Another huge data center in the making to catch up with YTL CORPORATION and YTL POWER !!!

Posted by star899 > 2024-05-26 15:38 | Report Abuse

The deal is worth RM2 billion (2,000 million) as revealed by Sime Property, a mega property developer and is the "first developer" to venture in data center.
So the properties around there would be sold like hot cakes !!!

Posted by paktua73 > 2024-05-27 08:05 |

Post removed.Why?

Posted by dompeilee > 2024-05-27 10:17 | Report Abuse

😘SOLDDDDDD most of the 5 lots of Sime Prop I was trapped in since May '18 at a cost of $1.2071....for $1.28 & $1.29!!! 🤗 But not before receiving ten dividends...Thank you, Providence!!!✌✌✌

Posted by wahidul > 2024-05-27 10:31 | Report Abuse

the data centre is for GOOGLE

Posted by kahfui1221 > 2024-05-27 14:18 | Report Abuse

Is for GOOGLE? I thought is for META ...

Posted by pang72 > 2024-05-28 12:02 | Report Abuse

The most safer data center play backed by land..

Posted by pang72 > 2024-05-28 12:02 | Report Abuse

This is one data center but will not be the last one

Posted by pang72 > 2024-05-28 13:19 | Report Abuse

Simep will start the multi year's flying with new catalyst - Data Center..
which is pretty similar to YTL...that JV with nvidia then fly

Posted by pang72 > 2024-05-28 14:28 | Report Abuse

Date Open Price Target Price Upside/Downside Price Call Firm View
2024-05-24 1.20 1.57 +0.37 (30.83%)
BUY
TA
2024-05-24 1.20 1.54 +0.34 (28.33%)
BUY
RHB-OSK

Posted by pang72 > 2024-05-28 14:29 | Report Abuse

The next announce data center deal after Google will surge Simep to 1.50

Posted by edcheong > 2024-05-29 10:07 | Report Abuse

Director bought at 1.29 100,000 shares and retail investors are selling..

Posted by kahfui1221 > 2024-05-30 08:57 | Report Abuse

The Sime Darby Property Berhad and LOGOS SE Asia Pte Ltd (LOGOS Property) joint venture (SDPLOG) has successfully closed its RM1 billion industrial development fund

https://www.nst.com.my/business/corporate/2024/05/1056038/sime-darby-property-logos-jv-raises-rm1bil-its-industrial

Posted by wahidul > 2024-05-30 11:06 | Report Abuse

the DC is for GOOGLE as it’s confirmed in the EDGE ,more DC projects coming up soon,fingers crossed

Posted by jocteh > 2024-05-30 11:22 | Report Abuse

https://theedgemalaysia.com/node/713588

Posted by wahidul > 2024-05-30 11:43 | Report Abuse

wow great news,tying up with GOOGLE,more DC jobs on the cards,very resilient counter,soon gonna shoot up trhu the roof,don’t sell just keep and more good news to flow in

Posted by paktua73 > 2024-05-30 11:56 |

Post removed.Why?

Posted by edcheong > 2024-05-30 12:02 | Report Abuse

KUALA LUMPUR: Google will invest RM9.4bil (US$2bil) to house its first Google data centre and Google Cloud region in Malaysia, which is expected to support 26,500 jobs across various sectors and have an economic impact of about RM15.04bil, said the Ministry of Investment, Trade and Industry (Miti).

The project, the technology giant's largest planned investment in Malaysia, will be located in Sime Darby Property's Elmina Business Park in Greater Kuala Lumpur.



As predicted !!!

Posted by edcheong > 2024-05-30 12:43 | Report Abuse

Big deal ! Share price to shoot through the day !

Posted by paktua73 > 2024-05-30 14:18 |

Post removed.Why?

Posted by Jerung > 2024-05-30 14:35 | Report Abuse

will LU today

Posted by troy88 > 2024-05-30 14:39 | Report Abuse

Will prosper from data centre together with Gamuda to reach greater heights..

Posted by Jerung > 2024-05-30 15:30 | Report Abuse

sell on news?

Posted by pang72 > 2024-05-30 15:50 | Report Abuse

If MAHSING can hits 1.70, what stop the great company Simep for 1.70?
Lets wait

Posted by pang72 > 2024-05-30 15:51 | Report Abuse

Hopefully more news coming

Posted by Jerung > 2024-05-31 09:55 | Report Abuse

No effect at all xxx

Posted by Noemo12 > 2024-05-31 10:07 | Report Abuse

https://www.nst.com.my/business/economy/2024/05/1057531/us2b-empowerment-google

Don't worry😁

Posted by kahfui1221 > 2024-05-31 18:54 | Report Abuse

Big trading volume today 😮 Sharks are buying in?

Posted by Mabel > 2024-05-31 22:11 | Report Abuse

Google to invest US$2b for data centre and cloud region in Malaysia

The Ministry of Investment, Trade and Industry (Miti) said it had secured a commitment by Google to invest US$2 billion (RM9.4 billion) to house the first Google data centre and Google Cloud region in Malaysia.

The site will be located at Sime Darby Property Bhd's (KL:SIMEPROP) Elmina Business Park, in Greater Kuala Lumpur.

In a statement on Thursday, Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz said the data centre will power Google's popular digital services, such as Search, Maps, and Workspace, while also playing an essential role in enabling Google to deliver the benefits of artificial intelligence (Al) to users across the country.