SIME DARBY PROPERTY BERHAD

KLSE (MYR): SIMEPROP (5288)

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Last Price

1.62

Today's Change

+0.07 (4.52%)

Day's Change

1.56 - 1.64

Trading Volume

21,858,100

Price Target

A price target is an analyst's projection of a share's future price. 

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

1.62

Avg Target Price

1.01

Upside/Downside

-0.61 (37.65%)

Price Call

0

SELL

3

HOLD

28

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
2 people like this. Showing 50 of 1,422 comments

sharun

https://www.tradingview.com/x/BR4lUXsy

look likes can touch 1.70 in september if no bad news

1 month ago

kahfui1221

Price movement of SimeProp is slow but it still will go up ..

1 month ago

Noemo12

Too Slow, Please move🤣

1 month ago

jeffrey1166

tp can set rm2

1 month ago

Noemo12

Yeah, RM2 tp here

1 month ago

jeffrey1166

ya

1 month ago

sharun

slow and steady to TP 2

1 month ago

troy88

Simeprop, Mahsing, Suncon, Gamuda will power ahead driven by DC power!

1 month ago

BudiLee

Now it's 1.41 , should I buy it?

1 month ago

edcheong

Maintain BUY, TP rises to MYR2.00 from MYR1.54, 49% upside with c.2% yield. We think the market has not fully priced in the upside potential of Google’s recent announcement of its USD2bn investment in Malaysia. The tech giant’s announcement of MYR1.74bn in capex for the first Google data centre (DC) and Google Cloud region may just be the beginning. The potential impact of this on earnings may be under-estimated. Our new TP reflects the incremental value of the contribution from the Google facility, as well as the faster turnaround of Sime Darby Property’s industrial parks ahead.

1 month ago

kahfui1221

Waiting for it to break RM1.50 first

1 month ago

jeffrey1166

keep buying

1 month ago

edcheong

Singtel in talks to build data centre in Iskandar Puteri, Johor.

1 month ago

Noemo12

Imagine if Singtel corporate with....😎bummmm!💣

1 month ago

Ninja _07

Hahahahahaha.... RHB IB release TP, straight away price drop!

1 month ago

kahfui1221

RHB released their TP two days ago ... I think people take profit today for Haji celebration

1 month ago

wahidul

ministry to announce MM2H,Malaysia my second home by today soonest,the cabinet already given approval

1 month ago

kahfui1221

Going back up after Haji holiday 😊

1 month ago

Skywalker00

All this data centre things, contractor like gamuda and subsidiaries makes money firstly, SIme will be 2-3 yrs later.... maybe

1 month ago

SinGor

Data Center are not anything special from normal Industrial Building---Data Center
real Cost are the Control Panel that store Data ( 75% of Total Investment ) Real beneficiary next 50years are TNB and Water supplier "Syabas" Selangor or Ranhill Johor. KPS is the sole beneficiary next 50years as water chemical supplier to Syabas ( mother
and Son )

1 month ago

BudiLee

Time to collect and buy some more while the price is cheap

1 month ago

kahfui1221

Price is cheap when it's less than RM1, BudiLee 😅

1 month ago

Noemo12

When will be the next LU~😂

1 month ago

Noemo12

hahha, just added another 3k share when it's 1.35. Good luck all long-term investors.

1 month ago

kahfui1221

I will wait cheaper price to collect again ..

4 weeks ago

tatwaiwong

Notice of new substantial holder - EMPLOYEES PROVIDENT FUND BOARD on 19-Jun-2024.
346,631,000
Total:5.10%

4 weeks ago

sweetylemon

This counter will continue to go up now that EPF come in

4 weeks ago

fruitcake

big boys bought like hell😂😂

4 weeks ago

Noemo12

Something brewing?🤣

4 weeks ago

wahidul

EPF now a substantial shareholder

3 weeks ago

pang72

Blogs Headlines
RHB Investment Research Reports
Sime Darby Property - Shifting From Second to Fifth Gear; Keep BUY

rhbinvest
Publish date: Wed, 12 Jun 2024, 10:46 AM
Maintain BUY, TP rises to MYR2.00 from MYR1.54, 49% upside with c.2% yield. We think the market has not fully priced in the upside potential of Google’s recent announcement of its USD2bn investment in Malaysia. The tech giant’s announcement of MYR1.74bn in capex for the first Google data centre (DC) and Google Cloud region may just be the beginning. The potential impact of this on earnings may be under-estimated. Our new TP reflects the incremental value of the contribution from the Google facility, as well as the faster turnaround of Sime Darby Property’s industrial parks ahead.
The USD2bn investment by Google. Last month, Google announced its commitment to invest USD2bn in Malaysia. The Google DC at Elmina Business Park (EBP) will power the tech giant’s popular digital services, such as Search, Maps and Workspace. When operational, Malaysia will join the 11 countries in which Google has built and now operates DCs. Note that, in the Asia-Pacific, countries and areas where Google Cloud operates include India, Singapore, Jakarta, Hong Kong, Taiwan, Japan, Australia and Seoul.
The remaining MYR7.5bn of investments may come later. So far, Google has only announced its DC and Google Cloud region, which are worth about MYR2bn (or MYR1.74bn, based on the contract value secured by Gamuda (GAM MK, BUY, TP: MYR7.08)). We think there could be further investments for subsequent phases (which may be what the remaining MYR7.5bn is for) in EBP at a later stage. While the initial Google DC is estimated to have a capacity of 80MW, the entire 49-acre site earmarked for Google at EBP could accommodate 200-250MW, based on our estimate.
Expanding its assets under management (AUM) aggressively. The DC investment is expected to boost SDPR’s total AUM significantly from MYR4.4bn currently (includes a concession arrangement for Bandar Universiti Pagoh). By FY26, we think its AUM may be worth MYR6-7bn, which could generate a total recurring income of MYR120-130m at the operating level. We raise our FY26 earnings forecast by about 3% to reflect the initial contribution from Google DC, as the facility may only be completed in 2H26.
SDPR has both landbank and a robust balance sheet to accommodate more DC demand. SDPR is well-positioned to capture the prevailing investment wave, driven by global tech giants, in the South-East Asia region. The company currently has five industrial park projects with a remaining total land area of >2,000 acres, and we believe that the basic infrastructure facilities are ready at these industrial sites, since projects are ongoing. SDPR is an experienced player in industrial development, and the segment now accounts for 30% of its total property sales.
Source: RHB Research - 12 Jun 2024

3 weeks ago

kahfui1221

Sime Darby Property has achieved an impressive 98% overall take-up rate for Elmina Ridge 1 following its second stage release over the weekend
https://www.businesstoday.com.my/2024/06/27/high-demand-for-elmina-ridge-1-with-98-take-up-rate/

3 weeks ago

troy88

Simeprop + Gamuda no worries..

3 weeks ago

wahidul

ON THE RISE,MOVING TOWARDS TP 2.00

3 weeks ago

kahfui1221

Nice, reaching 1 year high today

2 weeks ago

zhadao92

Hi, any1 of you receive email regarding virtual court convened meetin (CCM). may i know what is it regarding

2 weeks ago

tatwaiwong

国家能源转型计划 (NETR) 为开发商提供了将闲置土地改造成太阳能发电场并实施屋顶太阳能解决方案的机会,在促进可持续发展的同时提升房地产价值。SIMEPROP 走在了前列,将屋顶太阳能解决方案融入住宅项目,并计划在吉打州日莱 (365 英亩) 和柔佛州巴莪 (635 英亩) 建设大型地面太阳能发电场。他们还在沙阿南埃尔米纳市的 1,000 户家庭中试行太阳能解决方案,开创绿色城镇并减少碳足迹。通过参与这些举措,SIMEPROP 不仅将非核心土地货币化,还通过积极生产、分配和消费太阳能巩固了其在 NETR 中的作用。

1 week ago

kahfui1221

Sime Darby Property forms joint venture with GSPARX to carry out rooftop solar projects

https://theedgemalaysia.com/node/718600

1 week ago

paktua73

long wait today reach paktua 1st destination rm1.50..
even now retrace back..
sail since 24hb may below rm1.20 now rm1.50..
glad see many follow paktua load 1sr stage 1.20 below
then below rm1.30..
now all make good Profit..




tut tut
love see good profit again

1 week ago

nasgee

eessyyylyy rm2 soon

1 week ago

wenyisang

huat ar~

1 week ago

kahfui1221

Not that easy becuz its number of shares outstanding is quite huge

6 days ago

Mabel

All analysts are super bullish on AI data centres stocks, utilities stocks, construction and semiconductor stocks, hence these gems will perform very well in 2024/5.

Offensive Strategy: Contractor and Real Estates company like Gamuda, Sunway, Sime Darby Property and SingTel.

Defensive Strategy: Utilities company like YTL Power, Tenaga and Infrastructure companies like SingTel, NTT and TM.

5 days ago

kahfui1221

PTT Synergy Group Bhd (PTTS) has entered into sale and purchase agreements with Sime Darby Property (Serenia City) Sdn Bhd and Sime Darby Property (Ampar Tenang) Sdn Bhd for the acquisition of two pieces of land with for a total cash consideration of RM22mil.

https://www.thestar.com.my/business/business-news/2024/07/17/ptts-acquires-two-pieces-of-land-from-sime-darby-property-for-rm22mil

5 days ago

pang72

Sime Darby Property - Shifting From Second to Fifth Gear; Keep BUY
Date:
2024-06-12
Firm:
RHB-OSK
Stock:
SIMEPROP
Price Target:
2.00
Price Call:
BUY
Last Price:
1.63
Upside/Downside:
+0.37 (22.70%)
Maintain BUY, TP rises to MYR2.00 from MYR1.54, 49% upside with c.2% yield. We think the market has not fully priced in the upside potential of Google’s recent announcement of its USD2bn investment in Malaysia. The tech giant’s announcement of MYR1.74bn in capex for the first Google data centre (DC) and Google Cloud region may just be the beginning. The potential impact of this on earnings may be under-estimated. Our new TP reflects the incremental value of the contribution from the Google facility, as well as the faster turnaround of Sime Darby Property’s industrial parks ahead.

1 hour ago

wenyisang

huat ar~

1 hour ago

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