KLSE (MYR): SIMEPROP (5288)
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Last Price
1.37
Today's Change
-0.03 (2.14%)
Day's Change
1.34 - 1.40
Trading Volume
18,891,700
Ann. Date | Date | Type | Name | Title | View |
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SIMEPROP is the largest property company in malaysia in land bank 15k acres.. which I like because land is precious now.
Most mid cap property company like KSL, scientek has to buy land from spsetia, UEMS or SIMEPROP to continue their businesses.
One day, Simep stops selling land then they will be in trouble or to get expensive land..
3 weeks ago
https://www.edgeprop.my/content/1909986/us-data-centre-firm-equinix-invests-rm23m-expand-capacity-malaysia
DC theme never ending...
Equinix bought 3.5acres land for $23mils
3 weeks ago
What is sumeptoperty land worth if sell every inches for DC?
$13/shares...
However, Simep at $1.69 today!
Undervalue? You think
3 weeks ago
With earnings growth that's superior to most other companies of late, Sime Darby Property has been doing relatively well. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E.
3 weeks ago
If HSR from KL to Singapore is approved this year, the massive land bank of Simeprop in SEREMBAN, district of Labu/Nilai, which the HSR Seremban station is located should be benefited significantly.
3 weeks ago
GAME OVER!
time to go back to the real Casino at Genting Highlands, enjoy nice weather and BFM (Bet For Malaysia)
2 weeks ago
Dow Jones
Dow Jones Industrial Average
38,703.27
-1,033.99
2.60%
Nasdaq
NASDAQ Composite
16,200.08
-576.08
3.43%
2 weeks ago
could be dragging down by issues Battersea Power Station JV in.UK with Sp setia
1 week ago
Malaysian consortium, comprising S P Setia Bhd, Sime Darby Property Bhd and the Employees Provident Fund (EPF), together with the support of other private and public sector stakeholders were the key drivers in helping the iconic power station roar back to life.
It wasn’t an easy task, of course. Battersea Power Station was purchased by the current shareholders in 2012. A complex transaction, it took 18 months and involved a team of hundreds, including advisers, financiers and solicitors, before the deal was sealed.
1 week ago
I believe this is primarily a technical correction for this counter. The correction should be short-lived, and the stock price should resume its upward trajectory with the anticipated strong upcoming earnings.
1 week ago
Looks like the market has digested the negative performance of Battlesea project. good good
5 days ago
Investorrr could be dragging down by issues Battersea Power Station JV in.UK with Sp setia
15/08/2024 12:28 PM
Between SP Setia and Sime Darby Property, SP Setia has been more affected (shares drop by more than 15%) than Sime Darby Property (drop by 2%) in the Battersea project:
Income Guarantee Agreement: SP Setia’s joint venture agreement for an office tower in Battersea Power Station included an income guarantee for a period of five years. Due to soft market conditions and low occupancy rates, the joint venture reported a significant loss of RM125 million. This agreement has had a more immediate and substantial financial impact on SP Setia compared to Sime Darby Property.
Higher Interest Rates: The higher interest rates in the UK have increased the project’s interest payments, further impacting SP Setia’s financial performance.
Market Reaction: The market reacted strongly to SP Setia’s financial results, leading to a steep decline in its share price by more than 15%, which triggered a suspension of short selling. This sharp decline indicates a lack of investor confidence, exacerbating the impact on SP Setia.
Accounting Impact: While both companies faced accounting impacts due to the International Financial Reporting Standards (IFRS), SP Setia’s losses from the joint venture were more pronounced.
In contrast, Sime Darby Property has managed to maintain a more stable financial performance, partly due to its diversified portfolio and strategic initiatives that have helped mitigate the impact of the Battersea project.
To Our Success !
Meow
1 day ago
https://www.thestar.com.my/business/business-news/2024/08/22/malaysia-shines-as-foreign-investors-return-peers-stumble?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20240823&__sta=vhg.uosvpxQddhqne.jsu0sv%7CIFFUJVQ&__stm_medium=email&__stm_source=smartech
The stock benchmark KLCI has risen more than 12% this year on the back of an AI-driven data center boom, outperforming the 6% rise in the MSCI Southeast Asia index .
1 day ago
Sales in January-June rose 40% to RM2.1 billion and the company now expects to sell RM3.5 billion worth of properties by the end of December, Sime Darby Property said in a statement following its latest quarterly results announcement. That compares to its earlier forecast of RM3.0 billion for 2024.
The company “is on track to meet its FY2024 targets, bolstered by a strong first half performance”,
18 hours ago
pang72
https://www.simedarbyproperty.com/press-releases/sime-darby-property-continues-see-high-demand-city-elmina-98-overall-take-elmina
HIGH DEMAND
3 weeks ago