UEM SUNRISE BERHAD

KLSE (MYR): UEMS (5148)

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Last Price

1.10

Today's Change

-0.05 (4.35%)

Day's Change

1.08 - 1.12

Trading Volume

15,702,700

Financial
Market Cap

Market Cap

5,564 Million

NOSH

5,058 Million

Latest Quarter

Latest Quarter

31-Mar-2024 [#1]

Announcement Date

28-May-2024

Next Quarter

30-Jun-2024

Est. Ann. Date

18-Aug-2024

Est. Ann. Due Date

29-Aug-2024

QoQ | YoY

-70.09% | -46.74%

T4Q Result

Revenue | NP to SH

1,323,238.000 | 68,551.000

RPS | P/RPS

26.16 Cent | 4.21

EPS | P/E | EY

1.36 Cent | 81.17 | 1.23%

DPS | DY | Payout %

0.75 Cent | 0.68% | 55.34%

NAPS | P/NAPS

1.35 | 0.81

QoQ | YoY

-9.48% | -10.82%

NP Margin | ROE

6.00% | 1.00%

F.Y. | Ann. Date

31-Mar-2024 | 28-May-2024

Latest Audited Result

Latest Audited Result

31-Dec-2023

Announcement Date

30-Apr-2024

Next Audited Result

31-Dec-2024

Est. Ann. Date

30-Apr-2025

Est. Ann. Due Date

29-Jun-2025

Annual (Unaudited)

Revenue | NP to SH

1,339,060.000 | 75,727.000

RPS | P/RPS

26.47 Cent | 4.16

EPS | P/E | EY

1.50 Cent | 73.48 | 1.36%

DPS | DY | Payout %

0.75 Cent | 0.68% | 50.10%

NAPS | P/NAPS

1.35 | 0.81

YoY

-5.97%

NP Margin | ROE

6.42% | 1.11%

F.Y. | Ann. Date

31-Dec-2023 | 27-Feb-2024

Annualized Result

Revenue | NP to SH

899,824.000 | 32,712.000

RPS | P/RPS

17.79 Cent | 6.18

EPS | P/E | EY

0.64 Cent | 170.10 | 0.59%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

-56.8% | -46.74%

NP Margin | ROE

4.13% | 0.48%

F.Y. | Ann. Date

31-Mar-2024 | 28-May-2024

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 1 / 4 25.00% 2 / 8 25.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 0.25% 0.27%
Average Net Profit Margin 5.68% 5.89%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 0 / 5 0.00% 0 / 10 0.00%
Total Positive Profit Years 3 / 5 60.00% 8 / 10 80.00%
Continuous Quarters Of Positive Profit 2 / 5 40.00% 2 / 10 20.00%
Continuous Quarters Of Profit Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 5 0.00% 0 / 10 0.00%
Total Dividend Years 2 / 5 40.00% 5 / 10 50.00%
Continuous Quarters Of Dividend 2 / 5 40.00% 2 / 10 20.00%
Continuous Quarters Of Dividend Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Quarters Of Adjusted Dps Growth 2 / 5 40.00% 2 / 10 20.00%
Average ROE -0.38% 1.95%
Average Net Profit Margin -4.46% 4.19%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 1,323,238 899,824 1,339,060 1,927,049 1,614,009
NP to SH 68,551 32,712 75,727 133,331 -22,308
Dividend 37,938 0 37,938 31,732 12,646
Adjusted EPS 1.36 0.64 1.50 2.64 -0.44
Adjusted DPS 0.75 0.00 0.75 0.63 0.25

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue -46.69% -6.57% -6.57% -32.00% -31.34%
NP to Owner -70.09% -46.74% -46.74% -52.28% -55.01%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adjusted EPS -70.37% -46.67% -46.67% -52.94% -55.40%
Adjusted DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue -1.18% -18.02% -31.33% -32.80% -44.25% -53.31% -9.12% -17.04% -30.51%
NP to Owner -9.48% 407.29% -48.59% -56.80% 246.63% -75.47% -5.97% 439.45% -43.20%
Dividend 0.00% 200.00% 19.56% 0.00% 0.00% 0.00% 50.00% 200.00% 19.56%
Adjusted EPS -9.33% 408.29% -48.40% -57.33% 245.08% -75.72% -5.66% 440.02% -43.09%
Adjusted DPS 0.00% 200.00% 19.56% 0.00% 0.00% 0.00% 50.00% 200.00% 19.56%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
20 people like this. Showing 50 of 13,755 comments

theyoungman

Be patience.
Invest with care. Avoid speculate, punt and contra. Do not use margin & loan facilities. Slowly but surely. Be focus.

2 weeks ago

theyoungman

https://theedgemalaysia.com/node/711846

UEM Sunrise, partners to develop renewable energy park in Johor
By Emir Zainul / theedgemalaysia.com
16 May 2024, 04:19 pm

1 week ago

凯翔 赖

UEM阳光携手伙伴在柔州建可再生能源工业园区 https://theedgemalaysia.com/node/711859 (Share from StockHunter)

1 week ago

theyoungman

Nice, stay positive @Kai. Let's hope for the best.
Slowly but surely. Do not rush. Do not contra.

1 week ago

kkl123

Cut if bad QR
I buy back

1 week ago

Gentingbig

adui you cut and ran today but my source ask me to jump in today. haha they only buy when the chart look good so i follow blindly

1 week ago

5354_

HSR discussions with Singapore only after obtaining Cabinet approval, says Loke
https://theedgemalaysia.com/node/712062

1 week ago

Goldberg

One-gigawatt hybrid solar power plant project. RHB-OSK TP RM1.60
-----------------------------------------------------------------
Property developer UEM Sunrise Bhd (KL:UEMS) and its partners plan to develop a 40-acre renewable energy industrial park in Iskandar Puteri, Johor.

UEM Sunrise, ITRAMAS Corp Sdn Bhd and China Machinery Engineering Corp (CMEC) signed a pact to develop a park “strategically designed to attract Chinese manufacturers and suppliers” across the renewable energy and electric vehicle (EV) value chains, as well as high-tech research firms, according to a joint statement.

The park is part of the one-gigawatt hybrid solar power plant project led by UEM Sunrise's majority shareholder UEM Group Bhd, which in turn is wholly owned by Khazanah Nasional Bhd, and is one of the flagship catalytic projects under Malaysia’s National Energy Transition Roadmap (NETR).

RHB-OSK comments-

Maintain BUY and MYR1.60 TP, 36% upside. We are upbeat with UEM Sunrise’s partnership with ITRAMAS Corp (ITRAMAS) and China Machinery Engineering Corporation (CMEC) to develop the first renewable energy (RE) industrial park in Johor. We think the partnership is strong given the profile and businesses of ITRAMAS and CMEC. The RE industrial park development is one of the catalytic projects under Malaysia’s National Energy Transition Roadmap (NETR). More importantly, this initiative is meaningful as it should result in greater job opportunities and commercial activities in Nusajaya.

1 week ago

theyoungman

Chart is for reference, not for making decision to buy or sell.
Use FA method is better, TA is like for reference only.
After doing sufficient analysis based on FA, then you decide to start collecting it or not to collect, at which price (max and min), etc.
Be firm on own analysis and investment decisions.
There is no other people out there would help us to make money, they have no obligation to do so too. Even if have, what are the motives and intentions behind it (to let us make money from them? any logics?).
So making investment decisions are solely our own decisions, nothing related to anyone. IMHO only. No offence.

However, if after putting efforts in analysing a company, and yet it still failed (loss money in mid or long term, or short term, usually investment is for mid long term with ignoring short term price fluctuation), if still failed, then it could mean we have not done enough study, can't blame our luck anyway. We have to bear the consequences as it is our own decision.

Slowly but surely. Wish all of you guys make handsome profits in near future.

Last but not least, DO NOT speculate, punt & contra (SPC). Avoid using margin & loans facilities.

Cheers.

my2c only.

1 week ago

Goldberg

HB-OSK -TP1.60

Maintain BUY and MYR1.60 TP, 36% upside. We are upbeat with UEM Sunrise’s partnership with ITRAMAS Corp (ITRAMAS) and China Machinery Engineering Corporation (CMEC) to develop the first renewable energy (RE) industrial park in Johor. We think the partnership is strong given the profile and businesses of ITRAMAS and CMEC. The RE industrial park development is one of the catalytic projects under Malaysia’s National Energy Transition Roadmap (NETR). More importantly, this initiative is meaningful as it should result in greater job opportunities and commercial activities in Nusajaya.

1 week ago

theyoungman

Be patience.
Go

1 week ago

凯翔 赖

When QR out?

1 week ago

theyoungman

@Kai, don't kanchiong. Relax ya. Buy on dip, sell into strength?

1 week ago

foresteri

benefit from SEZ

1 week ago

turbochart

Uems winwin forest City😁

5 days ago

凯翔 赖

I received the dividend in the early morning yesterday

4 days ago

Beginner69

I received the dividend as well also yesterday if you didnt receive maybe yours is nominee account


4 days ago

Sallay

I am still wonder why my UEMS div didn't show up in my acc.

2 days ago

Sallay

Could it be..eemm Rakuten play me out, anyone care to explain....

2 days ago

Sypher

Rakuten pays out a bit later I believe

2 days ago

rlch

I use Maybank only received dividend today.

2 days ago

intansri

When u use Rakuten for your trading account, the account is under nominee name and not under your name directly. So dividend will pay to nominee, another word your share is not registered under your name in the Bursa CDS account

2 days ago

Sypher

Rakuten will pay it out but it will take some time. I have received dividends multiple times on Rakuten, but a bit later then pay out date

2 days ago

Abcdefg123456789

Result not good

1 day ago

5354_

UemS is future play ie HSR?

1 day ago

5354_

Will RHB-OSK maintain TP RM 1.6 after QR? Other IBs' TP seem way wrong.

1 day ago

Abcdefg123456789

Qr 可能导致明天股价暴跌

1 day ago

Stevelucky88

预计跌2天半, 因为每个人都要$, 不会跌太多放心, 很快就进入6月

1 day ago

newbie9893

i will collect more if UEMS limit down tomorrow

1 day ago

Stevelucky88

今年到明年都是她的世界,就算进入高点都不太过担心不会有大事。不会睡不着

1 day ago

凯翔 赖

UEM Sunrise’s 1Q earnings down 48% on higher expenses, lower sales https://theedgemalaysia.com/node/713348 (Share from StockHunter)

1 day ago

ks55

Whether UEMS makes 0.3 sen or 0.16 sen is not an issue. As long as it is not making loses, you can safely ignore the profit. You are not buying UEMS for its profit or dividend, but for the value of its land in Nusajaya.

1 day ago

Abcdefg123456789

@Stevelucky88 跌两天半?

17 hours ago

Stevelucky88

@Abcdefg123456789 yes, 今天不会跌太多 你看就懂了

16 hours ago

凯翔 赖

一开市就跌6¢了

16 hours ago

prudentinvestor

Earned so little money yet its share price can be pushed through the roof. Over speculation in this counter.

16 hours ago

5354_

>70% Uems owned by Khazanah or Govn.

凯翔 赖
一开市就跌6¢了

8 minutes ago


prudentinvestor

Earned so little money yet its share price can be pushed through the roof. Over speculation in this counter.

16 hours ago

5354_

RHB coverage stocks have their retailers buying as well?

16 hours ago

5354_

NTA RM 1.35 meaning still have 25 sen discount to RM 1.1 share price.

16 hours ago

prudentinvestor

If you are only looking at nta, then you should look at RHB Bank. Its nta is RM7.30 but is trading at only RM5.50. It has a dividend yield of over 7%.

15 hours ago

Sypher

Of course it's a highly speculative counter. We are talking about a company that owns majority of the land bank in a developing financial state next to Singapore.

A lot of us are investing based on that.

15 hours ago

prudentinvestor

Net borrowings should be around RM3 billion. Keck Seng has net cash of over RM1.1 billion, makes lots of money and has over 8,000 acres of land in Johor Bahru.

15 hours ago

凯翔 赖

业绩赚8百多万,股价表现仿佛是亏了8百多万。

15 hours ago

Stevelucky88

他不跌其他人怎么会恐慌卖出

15 hours ago

5354_

Yes, even RHB said QR below expectation but TP RM 1.6 still maintain.

9 hours ago

5354_

UEM Sunrise - More Strategic Partnerships to Come; BUY
Date:
2024-05-29
Firm:
RHB-OSK
Stock:
UEMS
Price Target:
1.60
Price Call:
BUY
Last Price:
1.11
Upside/Downside:
+0.49 (44.14%)
Maintain BUY and MYR1.60 TP, 40% upside. UEM Sunrise’s 1Q24 earnings are below expectations. Revenue for the quarter declined, as land sales decreased and the number of new launches held was minimal. We expect earnings to strengthen ahead, as more projects will be rolled out, while the number of non-core land disposals should increase. We believe some strategic deals may also materialise in the coming weeks. Despite a temporary blip in earnings, we continue to view UEMS as a good proxy for Iskandar Malaysia’s multi-year growth story.
1Q24 results. Development revenue was mainly underpinned by Residensi Allevia and KAIA Heights. However, overall revenue softened due to the lower amount of land sales (MYR48m vs MYR153m in 4Q23) as well as the number of launches being minimal during the quarter. As such, the company’s EBIT margin contracted to 14%, from 23% in the previous quarter. Net gearing inched up slightly to 0.47x, from 0.45x in FY23.
Decent sales in 1Q24. 1Q24 property sales totalled MYR232.6m, vs MYR367m in 4Q23. Sales were mainly contributed by ongoing projects (65% from the Klang Valley, and 35% from the southern region) as there were no new launches in 1Q24. The take-up rates for The Minh and The Connaught One rose to 40% (from 46% in 4Q23) and 37% (from 32% in 4Q23).
Major launches in 2Q-4Q. About MYR800m worth of new projects will be rolled out this year from 2Q onwards. Launches in the pipeline are mainly from the southern region, including shop lots at DiReka Square (GDV: MYR165m), and landed homes in Aspira Hills (GDV: MYR266m) and Estuari (GDV: MYR188m). In the Klang Valley, new launches will only be landed homes in Serene Heights and Symphony Hills.
Expect more strategic partnerships to come. Management guided that UEMS’ participation in the renewable energy industrial park will be different from the industrial JV projects in the past, and investors should also expect more catalytic partnerships to come in the coming weeks. We think there will be more plans to kickstart more industrial developments at Gerbang Nusajaya, going forward.
Forecasts. We maintain our earnings forecasts as we expect new launches and some non-core land disposals (potentially amounting to MYR1bn) as well as land monetisation via strategic partnerships to lift earnings in 2H. Unbilled sales remained relatively unchanged at MYR2.61bn vs MYR2.65bn in 4Q23.
Maintain TP. Our TP is based on a 25% discount to RNAV with a 2% ESG discount applied, given our ESG score of 2.9 out of 4 for the company.
Source: RHB Research - 29 May 2024

9 hours ago

凯翔 赖

UEM Sunrise shares fall to three-week low after 1Q results https://theedgemalaysia.com/node/713407 (Share from StockHunter)

9 hours ago

raymondroy

flashback..... company was called Sunrise Bhd headed by the likes of Datuk Tong Kooi Ong, Tan Sri Danny Tan Chee Sing and Datuk Allan Lim.... were the original builders of Mont Kiara, from MK1 back in mid 1990s to I believe MK11 sometime 2010s, wonderful builder of condos.... and then came UEM and gobbled it up, today they dont build much..... being govt just acquire state land and sell ..... acquire and sell, how difficult is that? Yet manages only paltry profit if any..... wonder what the Board and management of this company does? Wish it had the glory days of Sunrise Bhd :-) peace

8 hours ago

Mini Bull

do you all know Itramas is what type of company ?

1 hour ago

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