KLSE (MYR): SIMEPROP (5288)
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Last Price
1.49
Today's Change
+0.04 (2.76%)
Day's Change
1.44 - 1.50
Trading Volume
13,232,800
Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
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Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) |
Need more power. Don't forget to pawn your castles, mansions and bungalows - all in here pls
3 weeks ago
Google launched its 4th data center in SG. Total investments is 6B. Google only invested 2B in Sime MY. Lots of growth potential in MY. Sime Prop is main beneficiary. Amazon AWS has three locations in KL, NSembilan. Sime is a must buy.
3 weeks ago
Need more power. Don't forget to pawn your castles, mansions and bungalows - all in here pls
3 weeks ago
https://theedgemalaysia.com/node/714040
“Top picks for the DC construction play include Gamuda and Sunway Construction Group Bhd (KL:SUNCON), which have secured a total of at least RM2 billion worth of DC contracts.
3 weeks ago
https://www.tradingview.com/x/BR4lUXsy
look likes can touch 1.70 in september if no bad news
3 weeks ago
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.
2 weeks ago
RHB released their TP two days ago ... I think people take profit today for Haji celebration
2 weeks ago
ministry to announce MM2H,Malaysia my second home by today soonest,the cabinet already given approval
2 weeks ago
All this data centre things, contractor like gamuda and subsidiaries makes money firstly, SIme will be 2-3 yrs later.... maybe
2 weeks ago
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 )
2 weeks ago
No more ride with technology wave ...?
https://www.thestar.com.my/business/business-news/2024/06/18/simeprop-to-gain-from-tech-wave
1 week ago
hahha, just added another 3k share when it's 1.35. Good luck all long-term investors.
1 week ago
Notice of new substantial holder - EMPLOYEES PROVIDENT FUND BOARD on 19-Jun-2024.
346,631,000
Total:5.10%
1 week ago
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
6 days ago
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/
4 days ago
paktua73
morning..
today its good day for bargain below rm1.30..
tut tut
on coming week will reach rm1.40..
3 weeks ago