Author Topic: UEM SUNRISE  (Read 2767 times)

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UEM SUNRISE
« on: April 21, 2016, 07:07:08 AM »



Wednesday, 20 April 2016 | MYT 10:20 PM
UEM Sunrise plans RM2b debt notes






   

KUALA LUMPUR: UEM Sunrise Bhd has proposed to issue Islamic Medium-Term Notes (IMTN) of up to RM2bil in nominal value and a sub-limit of RM500mil in nominal value.
The property company said on Wednesday the corporate exercise would be under the Islamic Medium-Term Notes Programme and Islamic Commercial Papers (ICP).

The issuance was made under the Shariah principle of Murabahah via a Tawarruq arrangement or sukuk programme.

"The sukuk programmes will give UEM Sunrise the flexibility to raise funds via the issuance of ICPs and/or IMTNs from time to time.

"The proceeds from the issuance shall be utilised for Shariah-compliant general corporate purposes of the company," it said.

The ICP programme has been assigned an indicative rating of MARC-1/S and the IMTN programme has been assigned an indicative rating of AA-/S respectively by Malaysian Rating Corp Bhd. - Bernama

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Re: UEM SUNRISE
« Reply #1 on: April 21, 2016, 07:18:44 AM »



产业市场前景蒙尘 UEM 阳光销售目标砍至15亿
财经新闻 财经  2016-04-20 11:06

 

安华沙林

(吉隆坡19日讯)产业市场前景蒙尘,促使UEM阳光(UEMS,5148,主板产业股)把今年的销售目标,从20亿令吉,调低至15亿令吉。
《星报》引述UEM阳光董事经理兼总执行长安华沙林谈话报道,虽然这个举措相当保守,但公司希望能够较为务实,且不会失信于人。
“若市场会在今年强劲复原,相信这情况只会发生在第4季,并由巴生谷的强劲销售增长所推动。”
放眼购巴生谷30亿地
此外,UEM阳光正放眼在巴生谷,收购价值高达30亿令吉的土地。
今年,公司将拨出5亿令吉来扩展地库,并寻找合适的联营伙伴,以联手展开市镇项目。
安华沙林表示,公司有能力应付较小型的产业发展项目,但还是更倾向与合适的伙伴,共同发展更大型的项目。
“UEM阳光不需持有项目的所有股权。如今,公司有意打造一个如同新满家乐(Mont Kiara)般的市镇。”
他也点出,虽然巴生谷地区的购买力较为强劲,但在努沙再也门户(Gerbang Nusajaya)方面,售价介于40万至50万令吉的MeliaReidences等房屋项目,依然可获市场青睐

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Re: UEM SUNRISE
« Reply #2 on: May 24, 2016, 08:36:34 AM »



财经  2016年05月23日
UEM阳光提升营销策略应对市场低迷

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(吉隆坡23日讯)UEM阳光(UEMS,5148,主板產业股)表示,今年產业领域仍具挑战,同时,需求量料將保持低迷。

对此,该公司將通过提升营销策略,以及提高產业相关业务的发展,来应对目前充满挑战的產业环境。

UEM阳光执行董事拿督莫哈默依扎丁在出席该公司股东常年大会时表示,「我们认为,2016年对產业领域而言,依旧充满挑战。另外,由于经济环境放缓、贷款政策收紧,再加上消费者及商业情绪疲弱,因此我们相信產业的需求將会保持低迷。」

由于该公司首席执行员安华沙林放长假,因此UEM集团首席执行员依扎丁將作为UEM阳光的执行董事,目前暂代安华沙林的职务。据了解,安华沙林將会在斋戒月后回到工作岗位。


在充满挑战的环境下,该公司將致力通过促销及与外部合作,来提升营销策略,另外亦会管理营运成本来提升表现。

与此同时,UEM阳光亦將会持续提升產业相关业务的表现,如通过零售业务Publika来达到內部成长的效果。另外,他们將强化產业管理、项目管理以及租赁服务等的营业额表现。

不断收购地皮

另一方面,该公司未来还有进一步收购地皮的打算,同时今年內亦將再推出新的產业项目。

UEM阳光在4月杪推出Melia住宅项目的第3个阶段,至今已获得50%的认购率。该项目共有5个阶段,发展总值为5亿7300万令吉

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Re: UEM SUNRISE
« Reply #3 on: May 27, 2016, 02:50:35 PM »



Higher finance costs, lower contribution from JVs eat into UEM Sunrise' 1Q earnings
By Gho Chee Yuan / theedgemarkets.com   | May 27, 2016 : 2:32 PM MYT   
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KUALA LUMPUR (May 27): UEM Sunrise Bhd saw its net profit for the first quarter ended March 31, 2016 (1QFY16) plunge 94.3% to RM3.02 million or 0.07 sen per share, mainly attributable to lower profit from operations, higher finance cost and lower contribution from associates and joint venture.

According to its bourse filing today, the group recorded a higher finance cost for the quarter at RM21.26 million, from RM12.67 million a year earlier, due to increase in borrowings and lower capitalisation of interest following the completion of projects.

It said lower contribution from associates and JVs also weighed down its earnings. It recognised RM9.3 million from its JV, as compared to last corresponding period's RM19.2 million.

In 1QFY15, it posted a net profit of RM53.14 million or 1.17 sen per share.

Quarterly revenue was 38.3% lower at RM257.75 million, from RM417.45 million, due to reduction in property development sales in the Southern region.

No dividend was declared for the current quarter under review.

In view of the weaker 1QFY16 result, UEM Sunrise expects outlook for the property industry to remain challenging and is not likely to recover in the short term.

The group said it has broadened its offering of affordable and mid-market homes with the launch of two new projects in the Southern region, namely Denai Nusantara and Melia Residences.

It intends to launch Camellia, the next phase of its Serene Heights project in the Central region, going forward.

According to UEM Sunrise, it currently has an unrecognized revenue of RM4.7 billion from on-going projects, which will continue to support its revenue and earnings.

Over at the Southern region, it plans to commence sales of the final phase of industrial lots in Southern Industrial & Logistics Clusters, during the year.

"We will continue to identify opportunities to expand its geographical presence to other locations in Malaysia, particularly in the Klang Valley which will provide greater flexibility to roll out new products in line with market demand, and support the group's long term growth aspirations," it added.

Barring any unforeseen circumstances, the group said it expects to deliver a satisfactory set of results for the current financial year.

At noon break, UEM Sunrise rose 1.96% or 2 sen to RM1.04, with 606,200 shares done.

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Re: UEM SUNRISE
« Reply #4 on: May 28, 2016, 09:16:26 AM »



财经  2016年05月27日
UEM阳光联合马电讯 隆市发展高楼综合项目

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(吉隆坡27日讯)UEM阳光(UEMS,5148,主板產业股)宣布,与旗下间接子公司--SUNRISE QUALITY私人有限公司,和马电讯(TM,4863,主板贸服股)联手展开一项土地发展协议,共同开发吉隆坡市2块地皮,佔地约1.69英亩。

UEM阳光发文告指出,上述地皮用作高楼综合发展项目。

马电讯是上述位於拉惹朱兰路(RAJA CHULAN)地皮的註册和受益人。

在2015年1月,马电讯向有兴趣的人士发出邀请,提交商业和技术建议,共同发展该地皮。


与此同时,SUNRISE QUALITY私人有限公司需支付一笔1亿5000万令吉的土地成本担保予马电讯。

UEM阳光在文告中表示,上述协议符合公司策略,旨在专注收购合適发展地库,尤其是在具有潜力的巴生谷。

上述地皮地理位置优越,靠近公共交通设施。

如无意外,上述项目预计在2022年竣工。

首季净利暴跌94%

另一方面,较低的营运盈利和较高的融资成本,拖累UEM阳光(UEMS,5148,主板產业股)2016財政年首季(截至3月31日止)净利按年暴跌94%,至302万令吉,去年同期则为5314万令吉。

產业发展销售减少,则导致营业额也从去年同期的4亿1745万令吉,按年下滑38%,至2亿5775万令吉

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Re: UEM SUNRISE
« Reply #5 on: June 29, 2016, 07:18:51 AM »



UEM阳光上挑战RM1.17
28点看 2016年6月29日
多空一线·敏源

经过两个交易日的震荡后,市场恢复稳定,富时隆综指一度反弹至1635.86点后,持续处于1630点的支撑线上报收。


综指于闭市时报1634.04点, 按日涨4.52点或0.28%,全日交投波幅介于14.92点(1620.94点至1635.86点)。

综指30只成分股处于技术反弹走势。

UEM阳光(UEMS,5148,主板产业股)于闭市时反弹,收于1.07令吉,按日涨6仙或5.94%。

UEM阳光的30分钟分时图表的交投趋势,突破一道顶头阻力线(B3:B4)。

它的日线平滑异同移动均线指标(MACD)的交投走势,处于一个上升走势中。

它处于“0”支撑线上波动,UEM阳光的后市交投走势,或会出现一段回试下限支持线的支撑。

UEM阳光的日线图表走势于回试后,或会显现反弹走势,料会上挑1.08至1.17令吉的阻力关口。


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本文纯属技术面分析,仅供参考,并非推荐购买。投资前请咨询专业金融师。


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Re: UEM SUNRISE
« Reply #6 on: July 01, 2016, 12:10:26 PM »



iday, 1 July 2016
UEM Sunrise, WCT and Jubilant abort RM3bil JV






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Under the deal, UEM Sunrise via its unit Sunrise Bhd would invest RM215mil to acquire a 50% stake in WCT’
Under the deal, UEM Sunrise via its unit Sunrise Bhd would invest RM215mil to acquire a 50% stake in WCT’
 
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PETALING JAYA: UEM Sunrise Bhd has called off a joint venture (JV) with WCT Holdings Bhd and Jubilant Courtyard Sdn Bhd to develop a RM3bil township in Serendah, Selangor.

“The parties have mutually agreed on June 30 to rescind the agreement in light of the current weak property market conditions,” the company said in a filing with Bursa Malaysia.

Under the deal, UEM Sunrise via its unit Sunrise Bhd would invest RM215mil to acquire a 50% stake in WCT’s wholly owned subsidiary Jubilant Courtyard.

Jubilant Courtyard owns 608 acres in Serendah that is being developed into an integrated mixed-development township.

If UEM Sunrise had pursued its plans, it was slated to be the group’s fourth project in Selangor and expected to be launched in 2017.

The group has in total 13,000 acres of land, which is close to 10,000 acres located in Johor with the rest in Selangor and the Klang Valley.

The revenue from the JV was estimated to be about RM300mil per annum for the next 10 years.

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Re: UEM SUNRISE
« Reply #7 on: July 14, 2016, 02:31:03 PM »



UEM Sunrise shines after Bank Negara OPR cut
By Ahmad Naqib Idris / theedgemarkets.com   | July 14, 2016 : 12:53 PM MYT   
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KUALA LUMPUR (July 14): UEM Sunrise Bhd rose as much as three sen or 3% after Bank Negara Malaysia cut the overnight policy rate (OPR) to 3% from 3.25%. UEM Sunrise shares could have risen on expectation that lower interest rates will encourage consumers to take bank loans for property purchases.

Bank Negara said in a statement yesterday that it had cut the OPR, due to slower global economic growth concerns. "Looking ahead, there are increasing signs of moderating growth momentum in the major economies," Bank Negara said.

At Bursa Malaysia today, UEM Sunrise shares rose to their highest so far at RM1.12. At 12:30 p.m., the eighth most-active stock settled at RM1.11, with some 16 million shares exchanged.

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At RM1.11, UEM Sunrise has a market capitalisation of RM4.95 billion. Yesterday, UEM Sunrise shares added six sen to RM1.09, to become the eighth most-active entity.

In a note today, Hong Leong Investment Bank analyst Jason Tan said the research firm had a "hold" call on UEM Sunrise shares, with a 91 sen target price. Tan said Bank Negara's rate cut was seen having a positive impact on the Malaysian property sector's near-term sentiment.

Tan said this was despite Hong Leong's view that the OPR cut would have limited impact on the property segment, given the muted impact on affordability.

“Based on our calculation, a 25bps rate cut will reduce monthly instalment by circa 3% or RM67 per month, for properties worth RM500,000 with loan tenure of 30 years.

“For every RM3,000 of fixed monthly instalment, a 25bps cut will raise the amount of loan eligibility from RM585k to RM603k or a 3% increase,” he said.

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Re: UEM SUNRISE
« Reply #8 on: August 08, 2016, 03:50:12 PM »


morning sold 1.19

just covered 1.13

CHEERS

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Re: UEM SUNRISE
« Reply #9 on: August 08, 2016, 03:52:01 PM »


POOKIMON

POOKIMON

POOKIMON

 :D :D :D :D

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Re: UEM SUNRISE
« Reply #10 on: October 19, 2016, 07:03:37 AM »



Wednesday, 19 October 2016 | MYT 12:00 AM
UEM Sunrise's unit loses to taxman in RM73.8mil suit






 Estuari in Iskandar Puteri, Johor Baru, which covers about 160ha, is one of UEM Sunrise's projects. The first phase of development for Estuari is Estuari Gardens.
Estuari in Iskandar Puteri, Johor Baru, which covers about 160ha, is one of UEM Sunrise's projects. The first phase of development for Estuari is Estuari Gardens.
 
KUALA LUMPUR: UEM Sunrise Bhd’s indirect unit Bandar Nusajaya Development Sdn Bhd (BND) won against the Inland Revenue Board (IRB) in two lower courts, but its luck ran out at the Federal Court, the country’s highest court.

The property developer, which is ultimately controlled by Khazanah Nasional Bhd (66.06% indirect stake), told Bursa Malaysia that the Federal Court had ruled in favour of IRB, which sought additional tax and penalty totalling RM73.84mil from BND.

UEM Sunrise said the court also instructed BND to follow the alternative appeal route provided under Section 99 of the Income Tax Act 1967 and appeal the matter to the Special Commissioners of Income Tax.

“Accordingly, the Notice of Additional Assessment (Form JA) from the IRB dated Sept 22, 2011 has now become due and payable. The additional tax and penalty is RM50,921,871.28 and RM22,914,840.73 respectively,” it said.

The company said BND would immediately begin its appeal before the Special Commissioner of Income Tax by filing an application for extension of time to lodge an appeal pursuant to Section 100 of the Income Tax Act 1967.

BND is one of the major subsidiaries of the UEM Sunrise group with most of the landbank in Nusajaya (now renamed Iskandar Puteri) being held by BND and its subsidiaries.

To recap, BND received in October 2011 the notice of additional assessment from the IRB which asked it to pay additional tax and penalty of RM73.84mil in respect of the year of assessment 2006.

In September 2012, the Kuala Lumpur High Court had allowed BND’s judicial review application to set aside the additional tax assessment. Ruling in favour of BND, it declared that the IRB had no legal basis to raise the additional tax assessment.

The IRB then appealed but the Court of Appeal in May 2014 dismissed its appeal with costs of RM30,000. The following month the IRB filed an application for leave to the Federal Court

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Re: UEM SUNRISE
« Reply #11 on: October 20, 2016, 07:03:52 AM »

2016-10-19 17:23
公主港展延.UEM阳光财测下调
UEM阳光预料明年在国内外推出发展总值近69亿产业项目,估计其销售目标将比今年10亿令吉来得高,惟其公主港3亿令吉售地计划延至明年才能完成,因而遭到分析员下调财测。
(吉隆坡19日讯)UEM阳光(UEMS,5148,主板产业组)预料明年在国内外推出发展总值近69亿产业项目,估计其销售目标将比今年10亿令吉来得高,惟其公主港3亿令吉售地计划延至明年才能完成,因而遭到分析员下调财测。

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子公司败诉须缴7284万

另外,UEM阳光旗下子公司努沙再也与公司及内陆税收局诉讼官司败诉,联邦法院勒令该公司必须缴付总额7283万6711令吉的税收及罚款。受到此负面消息拖累,该公司股价全天下挫1.65%或2仙,至1令吉19仙。

在与管理层会面后,大众研究表示,尽管该公司上半年推出发展总价值5亿5300万令吉产业项目,只达到4亿2700万令吉销售。但最近该公司将会在柔佛伊斯干达区推出发展总值5亿令吉的SiLC3和Bukit Indah有地房产,相信这将令该公司达成今年10亿令吉销售目标。

在售地计划延迟、销售入账预测调整及更高市场行销费用下,分析员下调该公司2016至2018年财测,分别降低46%、17%及15%。

至于其海外项目方面,位于墨尔本ST Kilda发展总值将由原本7亿5000万令吉增加至10亿令吉,主要原因是该公司更改原定计划,从原定的翻修计划变更成重建。

UEM阳光明年陆续推出新项目,有望突破今年销售目标,分别是发展总值4亿8500万令吉的Gerbang Nusajaya、吉隆坡Solaris 3和Artisan Hill的29亿令吉发展计划。

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海外方面,该公司也在澳洲及温哥华分别推出10亿及25亿令吉发展总值项目,惟产业项目推出和销售目标有待该公司管理层明年初公布。截至目前,该公司明年国内外推出的产业计划,发展总值高达68亿8500万令吉。

大众补充,管理层也正在寻求将手上地库现金化机会,特别是伊斯干达一带。该公司目前在当地手持1万3000英亩土地,发展总值预估为1000亿令吉。

尽管产业目前面临逆风,但是大众研究认为U E M阳光大部份产业计划都能按时推出,明年销售预料会更上一层楼,给予“超越大市”评级,目标价为1令吉85仙。

文章来源:
星洲日报‧财经‧报道:傅文耀‧2016.10.19


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Re: UEM SUNRISE
« Reply #12 on: October 27, 2016, 04:12:48 PM »


GO
GO
GO

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Re: UEM SUNRISE
« Reply #13 on: November 07, 2016, 06:56:31 AM »



UEM Sunrise units served with C$15.14m claims
Posted on 7 November 2016 - 05:38am
sunbiz@thesundaily.com
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PETALING JAYA: UEM Sunrise Bhd has been served with a notice of civil claim demanding C$15.14 million (RM47.39 million) for the alleged breach of agreement in Canada.

In a filing with the stock exchange last Friday, UEM Sunrise said its indirect wholly owned subsidiaries UEM Sunrise (Canada) Development Ltd and UEM Sunrise (Canada) Alderbridge Ltd had received the claim notice filed at the Vancouver Registry of the Supreme Court of British Columbia, Canada by Magnum Projects Ltd.

The claim notice alleges breach of an agreement dated March 27, 2015 whereby Magnum had been appointed the sole and exclusive agent for the purpose of selling market residential, non-market residential and strata office strata lots that were to be developed on certain lands and premises in Canada.

Based on the initial advice received from its solicitors, UEM Sunrise believes they have a good arguable case to the claim and will be vigorously defending it.

“The claim is not expected to have any material financial and operational impact on the UEM Sunrise group,” it said.

UEM Sunrise added that further announcements will be made as and when there are material developments in the matter

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Re: UEM SUNRISE
« Reply #14 on: November 09, 2016, 08:11:18 AM »



2016-11-08 16:51
产业低迷.遭追税罚款.UEM阳光净利双重冲击
UEM阳光遭受双重打击,除了面对产业市场低迷外,也受内陆税收局(IRB)额外征税和罚款7380万令吉的冲击,分析员因此下调2016至2018财政年财测。
(吉隆坡8日讯)UEM阳光(UEMS,5148,主板产业组)遭受双重打击,除了面对产业市场低迷外,也受内陆税收局(IRB)额外征税和罚款7380万令吉的冲击,分析员因此下调2016至2018财政年财测。

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马银行研究表示,今年对UEM阳光而言是艰辛的一年,该公司除了面对国内产业市场低迷和墨尔本产业延迟推介的影响外,也遭IRB额外征税和税务罚款,预料该公司净利将因为被追税而受负面冲击。

有信心10亿销售达标

联邦法院日前裁定,IRB可向UEM阳光子公司努沙再也镇发展公司(Bandar Nusajaya Development)征收额外5090万令吉税务和罚款2290万令吉。

马银行表示,UEM阳光有可能延迟推介总值5亿令吉,位于依斯干达公主港的南方工业和物流集群区(Silc)第三期,因为必须重新呈交申请。

“不过,该公司有信心能够在今年达到10亿令吉的销售目标(今年上半年已锁定4亿2700万令吉的新产业销售)。”

该行补充,主要是受目前在进行的项目和总值3亿9300万令吉,出售公主港(Puteri Harbour)整体商业空间所推动。

广告

 
马银行指出,UEM阳光目前在与潜能买家进行出售商业空间的协商。

马银行基于UEM阳光被征收附加税和税务罚款,下调2016财政年/2017财政年/2018财政年财测,分别下调37%/0.4%/0.3%。

马银行维持UEM阳光“守住”评级和维持1令吉10仙目标价。

文章来源:
星洲日报‧财经‧报道:刘玉萍‧2016.11.08

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Re: UEM SUNRISE
« Reply #15 on: February 06, 2017, 12:35:03 PM »



Hi

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Re: UEM SUNRISE
« Reply #16 on: February 08, 2017, 06:45:04 AM »



财经  2017年02月07日
UEM阳光推SILC 3 放眼全年4亿销售额

UEM阳光推SILC 3 放眼全年4亿销售额
谢浩志(右起)、安华沙林和里昂胡默出席SILC第3阶段项目首份土地销售协议签约仪式。

(吉隆坡7日讯)隨著座落于依斯干达公主城(Iskandar Puteri)的南方工业与物流集中区(SILC)第3阶段项目今日正式推出,UEM阳光(UEMS,5148,主板產业股)期望该项目可在2017全年为公司贡献3亿令吉至4亿令吉的销售额,或相当于全年营业额的20%。

同时,UEM阳光今日和香港搬运、物流及文件管理公司嘉柏国际(Crown Worldwide)签署销售协议(SPA),將上述项目內一块面积逾4英亩或18万平方尺的土地,以1600万令吉的价格售予后者,而后者也成为了SILC第3阶段项目的首位投资者。

嘉柏国际进驻

UEM阳光首席营运员谢浩志在今日的SILC第3阶段项目推介礼后向媒体透露,相关项目佔地196英亩,发展总值(GDV)估计为8亿令吉。除了嘉柏国际购下的首块土地,仍有85块工业用地供海內外投资者进驻。


「我们正和世界各地的投资者进行洽商,而SILC首阶段和次阶段项目已全部售罄。」

他指出,截至目前为止,SILC项目的大多投资来自大马,占53%,其次是占23%的新加坡;美国、澳洲、中国等10国则分別占有其余的投资数额。此外,嘉柏国际董事经理里昂胡默称,SILC项目的地理位置极具战略性,加上整个园区蓬勃的工业氛围,所以决定投资当地。「嘉柏国际计划投资3700万令吉,在此地建造可容纳150万箱企业文件的仓库,同时建设我们在大马南方的搬运业务子公司(Crown Relocations)和世界流动子公司(CrownWorld Mobility)总部。」

同样出席推介礼的UEM阳光董事经理兼首席执行员安华沙林亦表示,当嘉柏国际在2018年第3季启动在SILC3项目內的业务后,当地的工作机会也將大量增长。

询及脱售予嘉柏国际的土地每平方尺售价,谢浩志仅表示,大马任何座落于优良位置的工业区,土地售价介于每平方尺90令吉至135令吉之间。

另一方面,谢浩志称,UEM阳光的海外业务进展良好,目前依然和本地业务各別为公司贡献约一半的营业额。

年杪澳洲推新盘

「我们去年在澳洲墨尔本等地买下了一些土地,並计划在今年杪推出相关產业项目。」

对于近期中国大力投资大马的现象,谢浩志认为,中国商家在本地的发展项目,如柔南森林城市(Forest City)等定价较高,和UEM阳光旗下项目定位不同;同时,中国投资者虽然表现激进,但未必会是坏事。

UEM阳光週二闭市报1.12令吉,以平盘掛收,全天成交量为613万6600股。

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Re: UEM SUNRISE
« Reply #17 on: February 22, 2017, 06:35:27 AM »



Tuesday, 21 February 2017 | MYT 5:00 PM
UEM Sunrise to develop RM750mil project on MCOBA land
image: http://www.thestar.com.my/~/media/online/2017/02/21/09/10/dcx_doc6oylntjuru0pycqdcph.ashx/?w=620&h=413&crop=1&hash=6F93800D1F355E51CEC6DF508B6043A930197EDC
Anwar Syahrin says the project offers an opportunity to leverage on the next property market upcycle.
Anwar Syahrin says the project offers an opportunity to leverage on the next property market upcycle.
 
KUALA LUMPUR: UEM Sunrise Bhd’s unit, Sunrise Innovation Sdn Bhd, will develop the Malay College Old Boys Association’s (MCOBA) land in Kuala Lumpur into a mixed development project, with a gross development value (GDV) in excess of RM750mil.

The group said its subsidiary would build two blocks of service apartments, together with other supporting facilities on the 1.07ha site, located along Jalan Syed Putra in Seputeh.

“The unit size ranges from 1,100 sq ft to 1,500 sq ft, and the units are targeted for mostly owner occupiers, especially families and upgraders from the surrounding areas,” the parties said in a joint statement.

Under the deal inked between the group and the association on Tuesday, the development will also involve the construction of a new office building for MCOBA and a banquet hall with a capacity for 1,200 people.

UEM Sunrise managing director and chief executive officer Anwar Syahrin Abdul Ajib said the project provided an opportunity to leverage on the next property market upcycle.

“MCOBA land’s strategic location would appeal to city dwellers, due to its proximity to amenities and commercial hubs such as Mid Valley City and KL Sentral.

“Being centrally located and with easy access to the surrounding hotspots, the development will become a new landmark for the locality,” he said.

MCOBA president Tunku Datuk Ahmad Burhanuddin Tunku Datuk Seri Adnan said the collaboration would unlock the value of its asset and generate sustainable income for the association.

“This development is for our future as we continue our tradition and commitment to be part of the stakeholder support system to produce Malaysia’s leaders and captains of industries,” he said. - Bernama

Read more at http://www.thestar.com.my/business/business-news/2017/02/21/uem-sunrise-to-develop-rm750mil-project-on-mcoba-land/#WQlQOqG9boHeDWZe.99

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Re: UEM SUNRISE
« Reply #18 on: March 13, 2017, 09:57:40 PM »



UEM阳光3.7亿
卖加拿大3地皮
90点看 2017年3月13日
(吉隆坡13日讯)UEM阳光(UEMS,5148,主板产业股)子公司UEMS Alderbridge,以1亿1300万加元(约3亿7257万2300令吉)脱售新西敏市(New Westminster)的三块地皮。

UEM阳光向马交所报备,UEMS Alderbridge上周五已与买家签署合约,而买家也已经支付5万加元(约16万4855令吉)的不可退还定金。


上述地皮面积总计4.9英亩,属于永久地契。

UEM阳光表示,脱售符合其专注于国内市场的策略,并将国际业务重心转移至澳洲。

目前,该公司在澳洲共有两个进行中的项目,第三个正在筹备中。

这些举动可让UEM阳光更专注于在上述国家扩大业务版图。

同时补充,脱售所得将作为公司在12个月以内的营运资本。

如无意外,脱售建议料在第三季完成。

闭市时,UEM阳光以1.23令吉挂收,起4仙或3.36%,成交量有3476万股。


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Re: UEM SUNRISE
« Reply #19 on: March 15, 2017, 06:52:47 AM »



UEM阳光
卖地皮降负债
46点看 2017年3月15日
分析:肯纳格投行


目标价:1.33令吉
最新进展:


UEM阳光(UEMS,5148,主板产业股)子公司UEMS Alderbridge,以1亿1300万加元(约3亿7257万2300令吉)脱售新西敏市(New Westminster)的三块地皮。

UEMS Alderbridge上周五已与买家签署合约,而买家也已经支付5万加元(约16万4855令吉)的不可退还定金。

行家建议:

我们正面看待UEM阳光的资产负债表,因为脱售土地能助公司将2017财年净负债,从0.52倍降至0.45倍。

同时,也助该公司增加澳洲项目所需的营运资本。

纳入土地销售后,UEM阳光2017财年销售额预测,上调30%至15亿9000万令吉,包括原本12亿2000万令吉的房地产销售额预测。

加上售地收益后,该股2017财年核心净利也上调45%。

但维持2018财年销售额12亿3000万令吉,及核心净利预测不变。

我们认为,UEM阳光的房地产前景稳定,且资产负债表改善,维持“跟随大市”评级,上调目标价至1.33令吉。




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Re: UEM SUNRISE
« Reply #20 on: March 15, 2017, 08:30:20 AM »
Buy on rumour sell on news....
AIRASIA
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Re: UEM SUNRISE
« Reply #21 on: March 20, 2017, 06:08:57 AM »



2017-03-19 19:57
洪建文.壮士断臂=力挽狂澜?
在投资界有一名句“不要把所有鸡蛋放在一个篮子里”,顾名思义就是要投资者分散风险,将资产多元化,但UEM阳光却决定逆向操盘来个壮士断臂,以集中资源寻回昔日荣光。
在投资界有一名句“不要把所有鸡蛋放在一个篮子里”,顾名思义就是要投资者分散风险,将资产多元化,但UEM阳光(UEMS,5148,主板产业组)却决定逆向操盘来个壮士断臂,以集中资源寻回昔日荣光。

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UEM阳光上周宣布,将以1亿1300万加元(约3亿7257万令吉)脱售列治文地库,淡出加拿大市场,以全心发展大马及澳洲业务,立刻引来市场一阵叫好声,A证券行说这将提振2017财政年盈利43%,B证券行说这将强化集团资产负债表,场面好不热闹。

不过,翻回UEM阳光2015年年报,该公司主席丹斯里阿末达祖丁阿里在阐述集团未来发展策略将“简单而有效”,其中一大重点就是多元化地域版图,现在看来格外讽刺。更叫人关注的是,这家公司的态度怎么会在短短一年就出现360度的转变?

老实说,UEM阳光为何会暂停扩张策略,转向稳守大马和澳洲市场,一点都不叫人意外。首先,加拿大业务并非其核心业务所在,而这块土地成本为7020万加元(2亿零850万令吉),现在有人拿着近倍的溢价求购,精明的商人会选择脱手,还是抱着它发展前途不明,发展总值高达5亿1690万加元(约17亿令吉)的综合发展计划?

再来,大马才是其业务大本营,最新财报显示本地产业营收占集团比重的75%,其中依斯干达特区更是重点发展项目所在,在大本营营运环境严峻的情况下,你自然会想方设法将更多资源投放在大本营上,希望大本营能过度难关,而释放非核心资产就是立即见效的方法。

但是,释放非核心资产也只是一时之策,UEM阳光前途问题依旧未解。诸多分析员仍对集团未来前景忧心忡忡,主要是国内产业市场未见曙光,集团要如何确保业务长期稳定增长,甚至是解决过度曝险依斯干达特区问题都值得关注。

回想起当年UEM置地与阳光合并,打造出这家曾为全马市值最高的产业公司时,风光无限的依斯干达特区正是其“瑰宝”所在,结果不到10年时移世易,珍宝却成为了烫手山芋,不免让人感到唏嘘。

文章来源:
星洲日报‧投资致富‧投资茶室‧文:洪建文‧2017.03.19

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Re: UEM SUNRISE
« Reply #22 on: May 18, 2017, 12:17:17 PM »



MALAYSIACORPORATE
TOP STORIES
Hot Stock
UEM Sunrise shines on 1Q profit jump
Chong Jin Hun
/
theedgemarkets.com

May 18, 2017 11:03 am MYT

-A+A
KUALA LUMPUR (May 18): UEM Sunrise Bhd rose as much as seven sen or 5% after the property developer said first quarter net profit rose 1,929% from a year earlier.

UEM Sunrise shares rose to their highest so far today at RM1.36.

At 10:35am, the stock was traded at RM1.33 for a market value of RM6.08 billion.

UEM Sunrise saw some 30 million shares traded, making the stock Bursa Malaysia's sixth most-active entity.

Yesterday, UEM Sunrise said net profit rose to RM61.27 million in the first quarter ended March 31, 2017 (1QFY17) from RM3.02 million. Revenue was higher at RM541.76 million compared to RM257.75 million.

UEM Sunrise's latest reported net assets per share stood at RM1.52.

Today, CIMB Investment Bank Bhd analyst Saw Xiao Jun said UEM Sunrise's 1QFY17 core net profit at RM56 million accounted for 30% and 26% of CIMB's and consensus full-year forecast respectively.

He said UEM Sunrise's 1QFY17 core net profit met expectations and CIMB had upgraded UEM Sunrise shares.

"We raise our revalued net asset value (RNAV) by 18% to reflect the higher Johor land value based on recent transacted prices. This lifts our target price (TP) to RM1.32, still based on 60% discount to RNAV," Saw said. He said CIMB raised its UEM Sunrise TP to RM1.32 from RM1.12.

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Re: UEM SUNRISE
« Reply #23 on: May 19, 2017, 06:57:56 AM »



UEM阳光扩充地库 首选巴生谷悉尼墨尔本
UEM阳光扩充地库 首选巴生谷悉尼墨尔本

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(吉隆坡18日讯)巴生谷一带、澳洲墨尔本和悉尼等城市的土地,將是UEM阳光(UEMS,5148,主板產业股)扩充地库的首选地点。

UEM阳光的地库面积,包括联营的土地,目前高达1万3000英亩,而当中有1万英亩坐落在柔佛州、2004英亩位于打巴、雪州有300英亩,而巴生谷一带则有60英亩,至于海外的土地则只有13英亩。UEM阳光旗下地库大部份集中在依斯干达公主城。

UEM阳光在今日股东大会后召开记者会,今日卸任的主席丹斯里阿末达祖丁阿里在会上表示,「我们过于曝露在柔佛州的產业市场,而当地的竞爭激烈,面对多重挑战,因此公司將更极力寻找柔佛州之外的大片土地进行发展。」


UEM阳光昨日宣布,委任马电讯(TM,4863,主板贸服股)前任首席执行员丹斯里詹占为该公司的新主席。

同行出席的公司董事经理兼首席执行员安华沙林则表示,公司会专注在墨尔本和悉尼这2个城市,寻找价格適合的土地,物色过程曾浮现多次收购机会,惟最终因价格问题,而没能完成。

他说,以目前公司所坐拥的地库规模来看,潜在的土地发展总值高达1800亿令吉,可供公司用作未来逾30年的发展。

「但柔佛房市严峻,去年的房贷批准率已经证明了一切,我们与联营公司的管理层在多番討论后,將谨慎推出新盘。」

安华沙林也说,年初至今已经推出3亿令吉的房產项目,今年全年预计將推出17亿令吉的项目,绝大部份將在下半年开始推出,其中较为大型的有Solaris以及Sefina產业项目。

今年销售目標12亿

「我们除了会推出高端价格房產项目外,也將推出更多的中端价格楼盘,因为该类別的楼盘在去年的反应不错,而我们的中端价格楼盘是介于50万至70万令吉。」阿末达祖丁阿里称,公司为了保留手上的现金,以用作营运或收购,所以在去年並没派发股息。

UEM阳光2016財政年的营收按年增长5.2%,至18亿令吉;惟净利则按年跌42.73%,至1亿4730万令吉。而该公司也在去年达到13亿6000万令吉的销售额,高于设定的10亿令吉,至于今年的销售目標为12亿令吉。

该公司也在昨日公佈2017財政年首季(截至3月31日止)业绩,净利大起19倍,至6127万令吉,营收则按年升110%,自5亿4176万令吉。

该股盘中大热上扬,惟闭市时以1.29令吉掛收,全天无起落,成交量为4368万5700股,是全场第12大热门股。

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Re: UEM SUNRISE
« Reply #24 on: May 19, 2017, 08:00:52 AM »
KUALA LUMPUR (May 18): With a landbank of 5,261ha and potential gross development value (GDV) of RM80 billion, developer UEM Sunrise Bhd remains a strong company, says outgoing chairman Tan Sri Ahmad Tajuddin Ali, Bernama reported today.

He explained that the land was inherited with no holding costs and is good for development for up to the next three decades

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Re: UEM SUNRISE
« Reply #25 on: May 19, 2017, 01:51:30 PM »



Business NewsHome > Business > Business News
Friday, 19 May 2017
UEM Sunrise on firm footing with large land bank
image: http://www.thestar.com.my/~/media/online/2016/05/27/06/05/uem-sunrise2.ashx/?w=620&h=413&crop=1&hash=00C46E0EDAD9C3BDD6044EA92C895B133CB779FD
UEM Sunrise has appointed Tan Sri Zamzamzairani Mohd Isa as its new chairman, effective today, to replace Ahmad Tajuddin who chose to retire, but still holds the chairmanship for the UEM Group board
UEM Sunrise has appointed Tan Sri Zamzamzairani Mohd Isa as its new chairman, effective today, to replace Ahmad Tajuddin who chose to retire, but still holds the chairmanship for the UEM Group board
 
KUALA LUMPUR: With a large land bank of 5,261 ha and potential gross development value (GDV) of RM80 bil, property developer UEM Sunrise Bhd remains a strong company, said outgoing chairman Tan Sri Ahmad Tajuddin Ali.

He said the land was inherited with no holding costs and is good for development for up to the next 30 years.

“The current soft market has enabled the company to strengthen its internal processes and further build the required fundamentals to achieve goals and vision,” he told a press conference after the company”s ninth annual general meeting here.

UEM Sunrise has appointed Tan Sri Zamzamzairani Mohd Isa as its new chairman, effective today, to replace Ahmad Tajuddin who chose to retire, but still holds the chairmanship for the UEM Group board.

Ahmad Tajuddin said with the soft economic landscape and stricter lending environment, there was still notable demand for mid-market landed properties.

“The company recognises an opportunity to leverage on the existing land bank to develop double-storey terrace houses in both the southern and central regions to meet increased demand formid-market landed properties,” he added.

Managing director/chief executive officer Anwar Syahrin Abdul Ajib said the company’s existing land bank is mainly in Johor (4,047 ha), followed by Perak, Selangor and Kuala Lumpur, as well as in Durban, South Africa.

“We may want to take advantage of opportunities arising from the land bank in the near term, especially in the Klang Valley and at nearby strategic infrastructure and transportation hubs,” he said.— Bernama

“For the international presence, the focus is on projects in Australia,especially in Melbourne and Sydney. We may also want to develop our land bank in Durban, and are looking for suitable investors fora retail, residential and hotel projectat the beautiful waterfront area,” he added.

Anwar Syahrin said the sales target for UEM Sunrise this year is RM1.2 bil, on the back of GDV of RM1.7 bil, from planned launches.— Bernama


Read more at http://www.thestar.com.my/business/business-news/2017/05/19/uem-sunrise-on-firm-footing-with-large-land-bank/#5AWJGBASQ0eE67uf.99

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Re: UEM SUNRISE
« Reply #26 on: May 25, 2017, 02:15:13 PM »




Malaysians Must Know the TRUTH
WEDNESDAY, MAY 24, 2017

NAJIB BETRAYAL OR NOT, AT LEAST FOREST CITY ‘PUT US ON THE MAP’: UEM SUNRISE GRATEFUL FOR LIMELIGHT FROM CONTROVERSIAL JOHOR PROJECT

While the influx of major home builders from China has rattled some local developers in Johor, Malaysia, UEM Sunrise is thankful that this has boosted the popularity of its brand.
“You have to look at the positives of it, in the sense that they have put us on the map,” UEM Sunrise’s CEO Anwar Syahrin Abdul Ajib told The Straits Times earlier in May.
“Because of Forest City, people know about UEM Sunrise – I look at it from that angle,” he said, referring to China-based Country Garden’s US$100 billion (RM429.80 billion) project in Johor consisting of four man-made islands.
Such massive investment has alarmed some Malaysian property players, who are worried that the large-scale project would result in a supply glut in Johor and drag down residential prices, impacting developers with sizeable developments in the state.
UEM Sunrise could be among those at risk as it is the master developer of Iskandar Puteri, previously known as Nusajaya, one of Johor’s five flagship zones. But instead of worrying, Anwar revealed that inquiries from Chinese nationals regarding its developments have risen by more than two-fold since 2014.
He also highlighted the strong buying power of this group, narrating that a Chinese investor had recently requested to purchase around 250 homes at the 350-unit Estuari Gardens that was launched two years ago. At its project, two-storey link houses measuring 2,709 sq ft are priced from RM1.4 million (S$450,700).
“To the Chinese, 250 is a very small number,” he explained. However, he did not agree to the purchase. “I didn’t want the easy way out; I want to make sure that we have a good mix of international population at Estuari Gardens.”
Given Malaysia’s sluggish real estate market at present, UEM Sunrise has adopted a more conservative stance when it comes to selling houses since Anwar was appointed as the CEO in September 2014.
Although the firm sold 1,300 units at Teega Residences in Puteri Harbour in only two weeks in late-2012, it now shuns large-scale launches in favour of selling by 100s or 200s amidst the weaker market sentiment.
In 2016, UEM Sunrise prioritised low-cost and mid-market projects like Melia Residences in Gerbang Nusajaya. It rolled out 100 units there in three batches and found buyers for 78 to 95 percent of the launched units.

Anwar is also confident on Iskandar Puteri’s most important development, Puteri Harbour, which is conceived as the Sentosa Cove of Malaysia. The developer even appointed the marina operator of Singapore’s Sentosa Cove to build the public and private marinas there.
“It’s only about 20 to 30 percent complete. We plan to build a convention centre, more hotels and retail malls. There is a lot planned to build up this community.”
Furthermore, he pointed out that the development of the entire Iskandar Puteri is still ongoing.
“If you look at gross development value (GDV), the estimated target is more than RM30 billion, and we have invested only about RM10 billion. It’s going to take another 30 years,” Anwar added.
Among developments by UEM Sunrise are:
1. Radia Residences
2. Residensi Sefina
– http://www.propertyguru.com.my

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Re: UEM SUNRISE
« Reply #27 on: July 21, 2017, 08:43:26 PM »





UEM Sunrise eyes 50% take-up rate for third project in Melbourne by year-end
Emir Zainul
/
theedgemarkets.com

July 21, 2017 18:56 pm MYT
-A+A
KUALA LUMPUR (July 21): Property developer UEM Sunrise Bhd has launched its third development in Melbourne, Australia — a luxury residential project with a gross development value (GDV) of RM1.1 billion.

Dubbed Mayfair, it features 158 high-end apartments located on Melbourne's premier boulevard, 412 St Kilda Road, and will be different from the company's two previous projects there.

"This is targeting a different market altogether. We're looking at empty nesters, those who have made it and feel that they don't need to live in a big mansion but wants to live somewhere closer to town in an ultra-luxurious development and address," UEM Sunrise managing director and chief executive officer Anwar Syahrin Abdul Ajib told a media conference today.

The company is expecting a 50% take-up rate for the new project by year-end, Anwar added, noting that it is targeting Australian citizens, as well expatriates with permanent resident status there.

Touted as the new "tower of power" in the area, Anwar said construction works on Mayfair will commence in the second quarter of 2018, with completion by the second quarter of 2021.

UEM Sunrise chief operating officer Raymond Cheah said the new project is a collaboration between UEM Sunrise and architectural firm Zaha Hadid Architects and assisted by Australian-based Elenberg Fraser.

"We wanted to design something that is not only for now, but to pass on to future generations and potentially, we hope that it would be a Unesco Heritage site 150 years from now. Ultimately, Zaha Hadid won us over as it encapsulates our vision and our aspiration," he said, noting that Zaha Hadid won the design competition over the likes of Foster and Partner, UNStudio and Cox Architecture.

To date, UEM Sunrise's Aurora Melbourne Central residential project has been fully taken up. It is currently at 30% construction progress, slated for completion by the end of next year.

The company has sold 93% of its second Australian project called Conservatory, which features a 42-storey tower housing 446 apartments. Construction has reached 28%, with full completion by early 2019.

Anwar said projects in Australia accounted for 23% of UEM Sunrise's property development revenue in the first quarter ended March 31, 2017.

"We have invested RM410 million worth of land (in Melbourne), and that has given us close to RM5 billion worth of GDV. We are now looking around for more opportunities. Raymond (Cheah) has been busy travelling and looking for more sites (to develop) in Melbourne, as well as Sydney.

"If the numbers are right and returns are there, then we will seriously look into that," he added.

Apart from Australia, UEM Sunrise has two other overseas projects — a 4.8-acre mixed project in Vancouver, Canada, and a 30-acre joint venture beachfront mixed development in Durban, South Africa.

UEM Sunrise shares closed down one sen or 0.81% at RM1.22, with 1.43 million shares done, bringing it a market capitalisation of RM5.54 billion.

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Re: UEM SUNRISE
« Reply #28 on: August 23, 2017, 03:07:06 PM »




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Re: UEM SUNRISE
« Reply #29 on: August 23, 2017, 03:39:22 PM »
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Re: UEM SUNRISE
« Reply #30 on: August 23, 2017, 04:21:11 PM »
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Re: UEM SUNRISE
« Reply #31 on: August 23, 2017, 04:30:08 PM »




Business NewsHome > Business > Business News
Wednesday, 23 August 2017 | MYT 2:53 PM
UEM Sunrise Q2 earnings up 73%, boosted by higher revenue
BY DALJIT DHESI

image: http://www.thestar.com.my/~/media/online/2017/08/04/23/11/corporate_news.ashx/?w=620&h=413&crop=1&hash=3CD5B421CA134C399345E060AAEF0AECD1A02727

 
PETALING JAYA: UEM Sunrise Bhd posted a set of commendable results which saw its net profit surged by 73% for the second quarter ended June 30, 2017, boosted by its higher property development revenue.

Net profit for the period stood at RM94.5mil compared with RM54.7mil a year ago. Revenue for the second quarter jumped by 67% to RM897.8mil from RM537.8mil in the same period last year. Earnings per share rose to 2.08 sen from 0.93 sen previously.

For the first six months, total revenue increased to RM1.44bil compared with RM795.6mil in the corresponding period in 2016, an increase of about 81%.

Profit after tax rose by 170% to RM155.8mil from RM57.7mil previously. Property development activities contributed 67% of total revenue for the current period with the three major revenue contributors being Residensi 22 in Mont’Kiara, Aurora Melbourne Central in Melbourne and Teega in Puteri Harbour.

Projects in the central region contributed the highest; 42% of property development revenue followed by 30% from international projects and 28% from the Southern region.

Property development sales for the period was RM391.7mil, 46% of which was contributed by the southern region mainly from Estuari Gardens, Melia Residences and Denai Nusantara followed by 32% from the central region, particularly from Symphony Hills, Serene Heights Bangi and Residensi 22 Mont’Kiara.

The remaining 22% was from the company’s international projects, mostly Conservatory and Aurora Melbourne Central in Australia. 

To date, it has launched projects with total gross development value (GDV) of about RM1.2bil, the latest being Mayfair in Melbourne, Australia
which commands a GDV of RM1.1bil, in addition to a new phase of Serene Heights Bangi, Dahlia in mid-July 2017 and Phase 3E of Melia Residences in early June 2017.

Commenting on the financial results, UEM Sunrise managing director and CEO Anwar Syahrin Abdul Ajib said: “Our revenue of RM1.4bil for the first half of 2017 is the best compared to past years’ corresponding financial period, since the listing of UEM Sunrise in 2008.

“Notwithstanding the disposal of our Alderbridge lands in Richmond, Canada, contribution from property development revenue has also improved in view of strong construction progress achieved during the period.

“We expect to see the completion of Residensi 22 Mont’Kiara, Estuari Gardens and Bayu Angkasa apartment, a sub-phase of Nusa Bayu in Iskandar Puteri by year end.”

Teega at Puteri Harbour has been delivered progressively to our buyers since February and the company have also started on the delivery of Arcoris Mont’Kiara’s 262 business suite units starting from end of June, he noted.

He added that the SOHO units are targeted to be delivered to the buyers in stages starting towards the end of this month whereas the serviced residences are targeted for delivery in the third quarter of 2017.

The four-star Hyatt House hotel is expected to commence operations in the first quarter of next year, he added.

Anwar said: “Sales from projects in the southern region continue to contribute positively continuing the trend that started in the fourth quarter of 2016.

“With the right location and product mix, we believe that the market is more receptive on landed mid-market residences. In response to this shift in demand, we plan to launch a new project, Serimbun in Iskandar Puteri, in the fourth quarter of this year.

“In the central region, we plan to launch a high-rise residential development, Solaris Parq Residences in Solaris Dutamas in October this year.”
TAGS / KEYWORDS:
Corporate News

Read more at http://www.thestar.com.my/business/business-news/2017/08/23/uem-sunrise-reports-commendable-second-quarter-results/#BQdpOYUuWzvTbxTR.99

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Re: UEM SUNRISE
« Reply #32 on: October 31, 2017, 10:39:34 AM »




Highlight
Maybank Kim Eng upgrades UEM Sunrise to buy; target RM1.32
Bloomberg
/
Bloomberg

October 31, 2017 10:18 am MYT

-A+A
(Oct 31): Maybank Kim Eng analyst Wong Wei Sum upgraded the recommendation on UEM Sunrise Bhd to buy from hold.

Sum raised the target price to RM1.32 from RM1.28, implying a 18% increase from the last regular trade. The target is 3.3% above the consensus average of RM1.28. UEM Sunrise had three buy recommendations, nine holds and four sells before today.

Investors who followed Sum's recommendation missed out on the 0% return on the shares in the year before today.

Analysts raised their consensus one-year target price for the stock by 9.1% in the past six months. Forecasts range from RM0.85 to RM1.60.

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Re: UEM SUNRISE
« Reply #33 on: October 02, 2018, 03:27:03 PM »



MALAYSIACORPORATE
UEM Sunrise to study SST waivers impact on property prices
Rachel Chew
/
EdgeProp.my

October 02, 2018 14:36 pm +08

-A+A
KUALA LUMPUR (Oct 2): UEM Sunrise Bhd is studying if it is even possible to reduce property prices thanks to exemptions on certain construction materials and services from the Sales and Service Tax (SST) on property prices as any savings may be offset by the rise of other construction costs.

Its managing director and CEO Anwar Syahrin Adul Ajib said the developer is currently still studying the selling price adjustment with the SST waivers.

"I have to do the study... I would love to reduce selling price, but from the perspective of cost at this moment, we have other cost to take into consideration, such as development charges, premium and land cost. All other costs are rising although [there is] no more Goods and Services Tax [GST] and SST," said Anwar at the sidelines of the launch of partnership between Grab and UEM Sunrise.

He was responding to a recent statement made by Finance Minister Lim Guan Eng last week that the government may review the SST exemptions should developers not reduce the selling prices of their residential properties.

In a report yesterday, Lim said he hoped developers will give a positive response towards the government's request to lower housing prices.

"All these other costs make up the selling price. If we have savings [from the tax], we can pass [down to the consumers]. But we have to look at the cost. The development charge can go up to 25% and that adds up to the price," Anwar noted.


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Re: UEM SUNRISE
« Reply #34 on: December 05, 2018, 04:48:06 PM »
Nice! Thanks!  :D :clap: :thumbsup: :cash: