SIME DARBY PROPERTY BERHAD

KLSE (MYR): SIMEPROP (5288)

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Last Price

1.42

Today's Change

-0.02 (1.39%)

Day's Change

1.40 - 1.44

Trading Volume

1,091,900

Corporate Figure or Shareholder
Discussions
2 people like this. Showing 50 of 1,531 comments

kahfui1221

Looks like the market has digested the negative performance of Battlesea project. good good

1 month ago

HugoUPUPUP

Still not stable, when can break 1.60 again?

1 month ago

edcheong

Why no trades allowed today on this counter?

1 month ago

Damn

Great QR!

1 month ago

HugoUPUPUP

Open high close low, many people sold for great QR?

1 month ago

Mabel

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 month ago

Mabel

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”,

1 month ago

Mabel

Sime Darby Property Berhad Announces First Interim Single Tier Dividend for the Financial Year Ending 31 December 2024, Payable on November 6, 2024
Sime Darby Property Berhad announces First interim single tier dividend of 1.5 sen per ordinary share in Sime Darby Property Berhad for the financial year ending 31 December 2024. Ex-Date 14 October 2024, Entitlement date 15 October 2024 and Payment Date 06 November 2024.

1 month ago

Mabel

Sime Darby Property Bhd expects the occupancy rate for Phase 3B of Battersea Power Station in the UK to rise to 50-80% by next year, up from 20% currently and announced First Interim Single Tier Dividend for the Financial Year Ending 31 December 2024, Payable on November 6, 2024.

1 month ago

joni

tomorrow moved 10 sen

1 month ago

kahfui1221

Sime Darby Property unveils commercial heartbeat of City of Elmina. Beautiful

https://theedgemalaysia.com/node/722978

1 month ago

Ninja _07

All Property counters down

1 month ago

HugoUPUPUP

wtf, why epf keep selling?

1 month ago

kahfui1221

Local funds are like that, sell when foreign funds are buying 😗

1 month ago

Ayie1983

Lol, buyers need sellers la bro...foreign buy from local fund

1 month ago

Kim

RM1.45
RM1.50

1 month ago

Kim

Go cross 1.40 first.
Later sure good once done.

1 month ago

Kim

Ready to go
They need 1.43 - 1.45

1 month ago

Kim

To tear 1.41

1 month ago

kahfui1221

Continue to tear 1.41 tmr 😆

1 month ago

HugoUPUPUP

drop bloodly😭

1 month ago

solid

Good f epf :)

4 weeks ago

klee

here i come....

4 weeks ago

klee

Nta 1.51 Stock pr 1.4....EPF day2 sapu....This biggest property co will reap the full benefits of a strengthening economy n the upcoming HSR....look at what happen to frontkn when EPF hari2 beli dia...

3 weeks ago

HugoUPUPUP

Please shot to moon.

3 weeks ago

kahfui1221

This month very hard to shot to moon

3 weeks ago

klee

sold..

3 weeks ago

klee

double hoot9e

3 weeks ago

StarOfTheBull

SD Guthrie owns around 11,000 ha of land on Carey Island, accounting for roughly 85% of the island.
Upon the development kick off, other than SD Guthrie, the beneficiaries would be Sime Property, Sime Darby and other construction companies.
https://www.thestar.com.my/business/business-news/2024/08/13/monetisation-of-carey-island-to-buoy-sd-guthrie

3 weeks ago

Mabel

The reduction of interest rate will benefit property, infrastructure, utility companies while lower interest rates can present challenges for banks, they can also create opportunities through increased lending activity and improved asset quality.

2 weeks ago

kahfui1221

We'll find out tonight how much the Fed will cut rates

2 weeks ago

newbie9893

Fed cut rate by 0.5%

2 weeks ago

Mabel

Good News this morning. Here are the key points:

Fed Cuts Rates: The Federal Reserve cut interest rates by half a percentage point, citing increased confidence in inflation moving towards 2%.

Economic Projections: Policymakers expect further rate cuts, with the benchmark rate falling to 2.75%-3% by 2026.

Market Reactions: US stocks gained, the US dollar fell, and Treasury yields dropped following the announcement.

Labour Market Concerns: The Fed’s decision reflects concerns about a potential slowdown in the job market, despite progress on inflation.

2 weeks ago

abcb

Super bullish chart,may continue to move forward to 1.60 and above

2 weeks ago

Mabel

Indeed abcd!

Meow Meow Meow

2 weeks ago

SCM2023

A sudden surge in prices may be imminent, as attention is expected to shift to property counters soon, with most chart indicators showing a positive uptrend.

2 weeks ago

Kim

1.50 sudah no more? kikiki

RM1.60 to tear this week --->> RM1.80

2 weeks ago

Ninja _07

Sell Call from Kenanga

1 week ago

kahfui1221

Only 6.21% downside. Nothing to worry about it

1 week ago

Mabel

https://theedgemalaysia.com/node/728787

DneX try to capitalise on Google’s announcement this week, unfortunately it was a one day show. The excitement just cool down as everyone is still busy with Mulan..

KUALA LUMPUR (Oct 2): Google held a groundbreaking ceremony on Tuesday at The St Regis Kuala Lumpur to commence the construction of its first data centre in Malaysia at Sime Darby Property Bhd's (KL:SIMEPROP) Elmina Business Park in the City of Elmina township, Selangor.

The hyperscale data centre will be built according to Google’s customised specifications and infrastructure requirements. It is targeted to be completed in early 2026 and will be operated by Google upon completion. Located in Elmina Business Park, the park is designed to support the digital economy with infrastructure such as large-scale water and energy solutions. It expects to attract data centres, large-scale manufacturers, and small and medium enterprises. About 35,000 job opportunities are expected to be created upon the park’s completion in 2035.

4 days ago

HugoUPUPUP

Everyday drop😥

3 days ago

klee

PMX vs ISRAEL IRAN WAR.
Rally can ah?

1 day ago

speakup

GE16 jgn undi PM palestin

1 day ago

HugoUPUPUP

@speakup:Tapi I takut pas too, nanti genm tutup i tak boleh pergi gamble.

10 hours ago

mf

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