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9,813 comment(s). Last comment by Good123 at Sep 23, 2020 4:16 PM
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Good123
6411 posts

Posted by Good123 > Sep 22, 2020 9:43 AM | Report Abuse

owned by khazanah, no issue with financing.  5148    UEMS    UEM SUNRISE BERHADOTHERSOTHERS
ISSUANCE OF RM350.0 MILLION ISLAMIC MEDIUM TERM NOTES ("IMTN") PURSUANT TO AN
ISLAMIC MEDIUM TERM NOTES PROGRAMME ("IMTN PROGRAMME"), WHICH TOGETHER WITH AN
ISLAMIC COMMERCIAL PAPER PROGRAMME ("ICP PROGRAMME") SHALL HAVE AN AGGREGATE
NOMINAL VALUE OF UP TO RM2.0 BILLION (WITH A SUB-LIMIT OF RM500.0 MILLION IN
NOMINAL VALUE FOR THE ICP PROGRAMME) UNDER THE SHARIAH PRINCIPLE OF MURABAHAH
(VIA A TAWARRUQ ARRANGEMENT)
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

21/09/2020   05:19 PM

Ref Code: 202009213000165


Victor Yong
6714 posts

Posted by Victor Yong > Sep 22, 2020 10:06 AM | Report Abuse

Q3 results should be +

UEM Sunrise Bhd achieved more than RM400.0m in sales and bookings in less than two months after the launch of its ‘The Happy Chase’ campaign, which will run until 31st May 2021. The campaign is the group’s response to the enhancement of the Government’s reintroduction of the Home Ownership Campaign as part of the Short-Term Economic Recovery Plan (Penjana) following the Movement Control Order to curb the spread of the COVID-19 pandemic. (The Edge)


Victor Yong
6714 posts

Posted by Victor Yong > Sep 22, 2020 11:06 AM | Report Abuse

Location and
address of property
Brief description
and existing use
Area
(sq meters)
Tenure and
year of expiry
Age of
building
(years)
Net book value
as at 31/12/2019
RM’000
Date of
revaluation/
acquisition
Iskandar Puteri
(fka Bandar Nusajaya)
Iskandar Development Region
Johor Darul Takzim
Land held for property
development and
development in progress
20,351,272 Freehold - 2,344,627 1995
HSD 64677 PTD 108319 &
HSD 64682 PTD 108325
GM 1408, Lot 1033
GM 1410, Lot 1080
Mukim Senai
District of Kulai
Johor Darul Takzim
Land held for property
development
10,116,200 Freehold - 901,031 6-Oct-15
PTD 26684-26689
26691-22693
Mukim Batu
Daerah Kuala Lumpur
Wilayah Persekutuan
Kuala Lumpur
Land held for property
development
269,237 Leasehold
expiring on
29-Dec-2112
- 770,775 02-Apr-19
PTD 43305-43350, 43361-43437
44290-44505, 44520, 44533
Mukim Semenyih
Daerah Ulu Langat
Selangor Darul Ehsan
Land held for property
development
1,269,223 Freehold - 392,076 29-Sep-11
Solaris Dutamas
1 Jalan Dutamas 1
50480 Kuala Lumpur
Building - Retail and Carpark 150,187 Freehold 9 391,100 25-Jul-11*
GM 4733 Lot 149 Seksyen 58
Bandar of Kuala Lumpur
Daerah Kuala Lumpur
Land held for property
development
6,434 Freehold - 324,221 4-Jun-11*
Arcoris
GM 9305 Lot 80199
Mukim Batu
Daerah Kuala Lumpur
Hotel, Retail and Carpark 66,397 Freehold 2 (Hotel),
3 (Retail and
Carpark)
313,647 20-Mar-12
PN 102216 Lot 93720
Mukim Petaling
Daerah Petaling
Selangor Darul Ehsan
Land held for property
development
77,864 Leasehold
expiring on
18-Sep-2093
- 119,269 03-Feb-18
PN 9988 Lot 1108
Pekan Kajang
Daerah Ulu Langat
Selangor Darul Ehsan
Land held for property
development
136,205 99 years lease
expiring on
22-Dec-2090
- 99,663 14-Jun-11*
PN 9989 Lot 1109
Pekan Kajang
Daerah Ulu Langat
Selangor Darul Ehsan
Land held for property
development
98,329 99 years lease
expiring on
22-Oct-2090
- 63,041 14-Jun-11*
PTD 4936-4955 and 7905
Mukim of Batang Padang
Daerah Batang Padang
Perak Darul Ridzuan
Agriculture land 9,710,241 Leasehold
expiring on
18-Aug-2109
- 76,192 19-Aug-10
Aurora Retail
224-252 La Trobe Street
Melbourne, Australia
Building - Retail 2,123 Freehold 2 88,574 24-Aug-18
* Revaluation date


Good123
6411 posts

Posted by Good123 > Sep 22, 2020 3:53 PM | Report Abuse

tak pasti, kurangkan pegangan saham ataupun penswastaan.UEM Sunrise Bhd may be on the list of companies that Khazanah Nasional Bhd plans to pare down shareholding in.


Good123
6411 posts

Posted by Good123 > Sep 22, 2020 3:54 PM | Report Abuse

right timing to do it too now UEM Sunrise to buy Eco World? - New Straits Times

19 Sep 2019 · Khazanah Nasional Bhd, which has a 66.06 per cent indirect interest in UEM Sunrise, may thus see its stake diluted.


Good123
6411 posts

Posted by Good123 > Sep 22, 2020 3:55 PM | Report Abuse

uems is very rich in land too :) Lagenda also acquired 623 acres of land from UEM Sunrise Bhd located just next to the 229.73-acre land in Tapah last month. Altogether, Lagenda will have a combined total development area of 853 acres.


Good123
6411 posts

Posted by Good123 > Sep 23, 2020 8:51 AM | Report Abuse



In Asia, Japan's markets reopen on Wednesday after a two-day public holiday, which could trigger some volatility. Australian S


Good123
6411 posts

Posted by Good123 > Sep 23, 2020 9:04 AM | Report Abuse

help to boost property sale here :) SHANGHAI -- Chinese companies are leading the charge in the recovery of Asian corporate earnings, accelerating the shift in the center of global economic power from the West to Asia.

During their most recent quarters, Chinese enterprises grew net profit by 43% from a year earlier, based on results from 201 top-performing, nonfinancial Asian companies. The number outpaces the overall Asian average of 34%.

China's companies have thrived recently for two reasons. The coronavirus pandemic seems to have accelerated the country's industrial transformation, putting its tech giants on top. The economic stimulus agenda rolled out by Beijing also appears to have been effective. Businesses involved in infrastructure projects have staged a dramatic comeback.

Chinese corporations account for 129 out of the 201 best-performing Asian businesses, accounting for about two-thirds of the total.

Sitting at the top of the list is China's biggest e-commerce company Alibaba Group Holding, which boasted a net quarterly profit of $6.71 billion. Chief rival, chat app and game developer Tencent Holdings, also led the pack, reporting earnings of $4.67 billion.

In a display of the company's reach, Tencent's world championship esport tournament at a Beijing gymnasium on Aug. 16, which featured the multiplayer battle-arena game Honor of Kings, drew roughly 570 million online viewers.

Tencent Holdings has seen revenue from online gaming swell by 40%. (Photo by Yusho Cho)

Mobile games, such as Honor of Kings, have seen demand spike as consumers shelter at home during the pandemic. For the second quarter ended June, Tencent's online gaming revenue jumped 40% on the year to 38.2 billion yuan ($5.6 billion).

Smartphone game developer NetEase also reported a 40% rise in its bottom line during the second quarter.

Chinese tech companies earned an aggregate net income of $56.8 billion last quarter, well above the $39.7 billion from a year earlier. Alibaba and Tencent combined turned in $11.3 billion. Those two companies alone earned more than what was generated at 21 leading South Korean companies ($8.9 billion) or 18 top Taiwanese corporations ($8 billion).

The recovery also extends to parts of China's manufacturing industry. Shanghai-based SAIC Motor reported a 27% bounce in net profit for the second quarter. Automobile sales in June outperformed the year earlier number as buyers who balked at car purchases earlier in the year returned to the market.

Construction equipment maker Sany Heavy Industry saw its bottom line swell 70%. State-owned contractors like China State Construction Engineering Corp. and China Railway Construction Corp. grew net income as well.

China was able to contain the spread of the coronavirus and restart economic activity earlier than other countries. The government also extended subsidies and expanded infrastructure investment to accelerate the recovery.



President Xi Jinping's administration front-loaded local government bond issuances and provided funding for public works projects, measures that boosted corporate earnings.

The Asian profit ranking is based on QUICK FactSet data covering 44,000 listed companies worldwide. It compares Asian nonfinancial companies that appear in a roster of 1,000 leading global enterprises. Net incomes from the three-month periods ending May, June and July have been converted into dollars.

Out of 1,000 global corporations that lead in net profit, nearly 730 are nonfinancial. Among that contingent, China and the rest of Asia make up 21%, a share up almost 4 points from a year earlier.

As Asia's presence in the global economy grows, China under Xi continues to stand defiant in friction with the U.S. The shrinking economic gap between the two countries appears to be fueling Beijing's confidence.


Good123
6411 posts

Posted by Good123 > Sep 23, 2020 3:59 PM | Report Abuse

terbang tak lama lagi UEM Sunrise peruntuk tanah untuk pembangunan HSR - Berita Harian

17 Apr 2019 · ISKANDAR PUTERI: Pemaju hartanah terkemuka yang juga pemaju induk Iskandar Puteri, UEM Sunrise Bhd (UEM Sunrise) ...


Good123
6411 posts

Posted by Good123 > Sep 23, 2020 4:00 PM | Report Abuse

above 40sen hsr confirm nanti :)


Good123
6411 posts

Posted by Good123 > Sep 23, 2020 4:05 PM | Report Abuse

RHB Research sees an earnings recovery for the company in the second half of this year on the back of a potential pick-up in billings and property sales boosted by the government’s Home Ownership Campaign (HOC) 2020

PETALING JAYA: Analysts remain bullish on UEM SUNRISE BHD’s long-term outlook although some have lowered their earnings estimate on the property developer.

RHB Research sees an earnings recovery for the company in the second half of this year on the back of a potential pick-up in billings and property sales boosted by the government’s Home Ownership Campaign (HOC) 2020.

“In view of the weak first quarter (Q1) earnings, we cut our FY20-22 earnings forecast by 8%-15%. While we expect second-quarter earnings to also be disappointing, the second half of the year should see some recovery as billings pick up, ” it said in a report yesterday.

Meanwhile, CGS-CIMB Research maintained an “add” call on UEM Sunrise shares with a target price of 59 sen, which is 0.4 times of its FY21 price-to-book value (P/BV).

“We remain positive on UEM Sunrise due to its attractive valuation (0.3 times FY21 P/BV, lower than its peer average of 0.4 times) and improving balance sheet with the completion of the Australia projects and financing having been fully settled, despite weaker earnings in FY20F due to lumpy revenue recognition of its Australia projects in FY19, ” said CGS-CIMB Research.

Last week, UEM Sunrise said its earlier sales and gross development value (GDV) targets of RM2bil for this year could be impacted by the uncertainties in the economy.

The group posted a net loss of RM21.94mil for the first quarter ended March 31,2020, from a net profit of RM30.1mil in the same period last year.

It posted lower revenue of RM195.85mil compared with RM419.26mil a year ago as the ongoing construction works were at the early stages of progress.

CGS-CIMB said UEM Sunrise key projects lined up for the second half of this year include Allevia Mont’ Kiara (GDV RM542mil) and Senadi Hills Iskandar Puteri (GDV RM399mil).

“We view the RM2bil new sales target as too ambitious despite the positive measures announced under the Short-term Economic Recovery Plan amid an expected gross domestic product contraction and higher unemployment, ” it said

Meanwhile, UOB Kay Hian Research said that UEM Sunrise has unbilled sales to sustain earnings for next 1-1.5 years.

The group’s unbilled sales as of end-1Q20 stood at RM1.8bil.

“Despite the weak sentiment in the property market, we reckon the announced incentives for the property sector like the reintroduction of HOC, removal of real property gain tax and loan to value of 70% would be able to generate new sales for UEM Sunrise’s property sales.

“Also, UEM Sunrise guided that it will be reviewing the pricing of its property projects to ensure the pricing of its products is competitive with surrounding competitors, ” UOB Kay Hian said.

The research house foresees UEM Sunrise’s second-quarter results to soften due to the absence of domestic billings amid the movement control order.

Nonetheless, it expects gradual recovery in the second half of the year onward as UEM Sunrise is expected to gradually recognise the progress billings of its unbilled sales, deliver its Australian property (unbilled: RM500mil) and gradual improvement property sales boosted by the HOC 2020.


Good123
6411 posts

Posted by Good123 > Sep 23, 2020 4:15 PM | Report Abuse

Uems will be a strong beneficiary of KL – Singapore High Speed Rail (HSR) Project.

UEMS is the master developer of Gerbang Nusajaya which hosts Iskandar Puteri HSR station. Gerbang Nusajaya commands a gross development value (GDV) of RM42 billion.


Good123
6411 posts

Posted by Good123 > Sep 23, 2020 4:16 PM | Report Abuse

Recent land disposals in Iskandar would allow the group to monetise its vast land bank in Iskandar Johor and redeploy the capital either to pare down its debt or invest in new land bank. This would result in positive earnings in the upcoming quarterly reports.

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