Board: MAIN
Sector: REITS
Avg Volume (4 weeks): 1,786,505
4 Weeks Range: 0.745 - 0.805
52 Weeks Range: 0.70 - 1.38
Average Price Target: 1.01
Price Target Upside/Downside: +0.265

YTL REIT (FV: RM1.26). We may upgrade our stance for the property sector to OVERWEIGHT if: (1) banks are to ease lending policies on properties; or (2) consumer sentiment is to improve significantly.
Source: AmInvest Research - 3 Sept 2020

More n more biz :)

CIMB Bank said the RM270mil sustainability-linked term loan to Malaren International Sdn Bhd, a subsidiary of Singapore’s StarHub Group, is the bank’s first sustainability-linked loan (SLL) since announcing its SLL offering in January 2020, with a commitment of RM3bil to SLL for corporate borrowers.

KUALA LUMPUR: CIMB Bank Bhd is providing a RM270mil sustainability-linked term loan to Malaren International Sdn Bhd, a subsidiary of Singapore’s StarHub Group.

This is the bank’s first sustainability-linked loan (SLL) since announcing its SLL offering in January 2020, with a commitment of RM3bil to SLL for corporate borrowers.

In a statement issued on Friday, it said the SLL also marks StarHub’s maiden loan linked to sustainability performance targets.

CIMB Bank said sustainability is an integral part of both CIMB and StarHub’s strategy and operations. StarHub Group is a leading Singapore provider of communications, information and entertainment services.

To incentivise environmental transparency and performance, CIMB will grant a rebate against the loan interest based on StarHub’s performance in its annual CDP Climate Change Scores from FY2021 to FY2023.

“StarHub will be eligible for interest savings each year if it is able to achieve the pre-agreed annual targets on CDP Climate Change Scores, ” it said.

CDP, formerly known as the Carbon Disclosure Project, is a leading global benchmark on the management of climate-related impacts, to assess responders’ progress towards environmental stewardship.

CIMB Bank added it aims to steer clients towards adopting responsible business practices through mitigating negative impacts whilst enabling and incentivising positive corporate behaviours.

“Providing this SLL is part of this sustainability approach, which facilitates corporate borrowers who are keen to enhance their sustainability performance in alignment with one or more of the 17 Sustainable Development Goals (SDGs), ” it said.

Gurdip Singh Sidhu, group chief strategy & design officer, CIMB Group, said this was the bank’s first SLL and this facility is especially meaningful as it brings two large organisations together in this maiden Malaysia –Singapore cross-border sustainability-linked transaction.

“It is a testament also to CIMB’s commitment in driving the sustainability agenda across Asean. Since announcing our SLL offering early this year, we are encouraged by the high levels of interest amongst clients in Malaysia as well as the region, ” Gurdip said.

As for StarHub, its commitment and transformation to become a more responsible and sustainable business began in 2008.

StarHub has implemented many sustainable and green practices across the business, including tackling electronic waste (e-waste), reducing energy and water consumption and promoting actions to address climate change while delivering world-class communications, entertainment and digital solutions to consumers as well as corporate and government clients.

Dennis Chia, chief financial officer of StarHub, added: “As we are driving our business to support the growth and development of new services, we are pleased to underpin our commitment in our sustainability strategy by taking up our very first sustainability-linked loan with CIMB.

“We look forward to more opportunities to participate in sustainability-linked financing to proactively drive a sustainable business and enhance the performance of the company.”

Impressive shareholders of Cimb.


Amanah Saham Bumiputera 2

HSBC BK PLC for The Prudential Assurance Company Limited (OBA ESI)

JPMCB NA for Vanguard Emerging Markets Stock Index Fund

SBL Exempt An For Credit Suisse Securities (Europe) Limited

PAMB for Prulink Equity Fund

Exempt An For State Street Bank & Trust Company (West CLT OD67)

Great Eastern Life Assurance (Malaysia) Berhad (PAR 1)

Amanah Saham Malaysia 3

RSS/SBL Exempt An for CGS-CIMB Securities Sdn Bhd

BNYM SA/NV for Eastspring Investments – Asian Equity Fund

Exempt An for AIA Bhd.

Employees Provident Fund Board (Nomura)


CBNY for Dimensional Emerging Markets Value Fund

Exempt An for Citibank New York (Norges Bank 14)

JPMBL SA for Stichting Depositary APG Emerging Markets Equity Pool

JPMBI for UBS (IRL) Investor Selection Public Limited Company – Global Equity Long Short Fund

Great Eastern Life Assurance (Malaysia) Berhad (PAR 3)

Exempt An for Citibank New York (Norges Bank 1)

Maybank Trustees Berhad for Public Regular Savings Fund (N14011940100)

Some major Shareholders :)


Employees Provident Fund Board


Amanah Saham Bumiputera

Amanah Saham Malaysia 2 – Wawasan

Amanah Saham Malaysia

SBL Exempt An for J P Morgan Securities Plc

CBHK for Fubon Life Insurance Co., Ltd (CTL)

JPMCB NA for Vanguard Total International Stock Index Fund

GIC Private Limited for Government of Singapore (C)

Lelong price now :)

In a Macquarie Equities Research (MQ Research) report released today, CIMB Niaga, a 92.5%-owned Indonesian subsidiary of CIMB Group Holdings (CIMB), reported a 19% fall in year-to-date net profits and return on equity of 7.7% on higher provisions. MQ research sees CIMB as a recovery play and maintains its target price at RM4.50.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

AEON CO. (M) BHD

Particulars of substantial Securities Holder

Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19, Bangunan KWSP, Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes

No Date of change
No of securities
Type of Transaction Nature of Interest
1 11 Sep 2020
796,300
Disposed Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ASIANISLAMIC) IC
Address of registered holder Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Disposal of Shares
Nature of interest Direct Interest
Direct (units) 210,852,400
Direct (%) 15.018
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 210,852,400
Date of notice 14 Sep 2020
Date notice received by Listed Issuer 17 Sep 2020

3.4+ before 30 sep? :)

Date Close
17/09/2020 3.18
15/09/2020 3.23
14/09/2020 3.15
11/09/2020 3.17
10/09/2020 3.18
09/09/2020 3.20
08/09/2020 3.23
07/09/2020 3.24
04/09/2020 3.26
03/09/2020 3.25
02/09/2020 3.28
01/09/2020 3.20
28/08/2020 3.30
27/08/2020 3.37
26/08/2020 3.37
25/08/2020 3.39
24/08/2020 3.40
21/08/2020 3.43

Epf owns 16%+ of Cimb. Adding more n more :)

Circumstances by reason of which change has occurred Citigroup - EPF Board (TEMPATAN) - Acquired 500,000
Nature of interest Direct Interest
Direct (units) 1,635,647,341
Direct (%) 16.48
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 1,635,647,341
Date of notice 11 Sep 2020
Date notice received by Listed Issuer 15 Sep 2020

KUALA LUMPUR (Sept 17): UEM Sunrise Bhd achieved more than RM400 million in sales and bookings in less than two months after the launch of its ‘The Happy Chase’ campaign.

UEM Sunrise managing director and CEO Anwar Syahrin Abdul Ajib said: “We were persistent in pivoting our strategies to continue building the awareness and interest of our products and the UEM Sunrise brand during the movement control order (MCO) and conditional MCO period.”

“We knew that there was pent-up demand from the buyers and their confidence in our products, that we were able to convert much of this leads and interest to actual bookings — showing that our efforts are paying off,” said Anwar in a press statement.

According to the developer, popular projects in the campaign include Residensi AVA, the eco-living condominium suites, which has seen a take-up rate of 55% for the first of two towers. Residensi AVA forms the first phase of Kiara Bay, the 73-acre flagship waterfront development of UEM Sunrise in Kepong.

Meanwhile, Frischia, a contemporary double-storey terraced home offering in Serene Heights Bangi, and phase 1A of Senadi Hills in Iskandar Puteri have seen 91% and 80% take-ups respectively since their launches in July.

The Happy Chase campaign is the group’s response to the enhancement of the government’s reintroduction of the Home Ownership Campaign (HOC) as part of the Short-Term Economic Recovery Plan (Penjana) following the MCO to curb the spread of the Covid-19 pandemic. The campaign will continue until May 31, 2021 in line with HOC 2020.

It offers booking fees from as low as RM1, waiver on sales and purchase agreement and loan legal fees, and a multitude of other rewards including additional rebates and subsidies. Goodies include subsidised maintenance fees for up to two years, free kitchen cabinets and home appliances for selected participating projects.

Meanwhile, the group also launched The Happy Chase Gameshow hosted by popular TV presenter and actor Baki Zainal, together with UEM Sunrise in-house property consultants to present the latest HOC 2020 and UEM Sunrise project updates. Posts of the game show broadcasted live on the UEM Sunrise Facebook page over the past four consecutive Saturdays attracted a total of 219,000 viewers.

“We want to thank our customers for their continued confidence in UEM Sunrise homes. The support shown by these house buyers have bolstered us here in UEM Sunrise to continue giving ‘soul’ to the homes we build and the environment that we design and construct,” said Anwar.

Anwar added that the support from homebuyers gives the group the momentum to capitalise on the positive trend and to continue with its new launches including Allevia, an exclusive high-rise development in the heart of Mont’Kiara; Plot B of Solaris Parq, the office tower component of the 18.76-acre mixed-development masterplan; and Verna, the latest double-storey terraced home offering in Serene Heights Bangi.

lower and lower yearly :)


Astro posts lower 2Q net profit of RM133.65m
By Sunbiz
| 15 Sep 2020 / 18:20
REUTERSPIX

“PETALING JAYAL Astro Malaysia Holdings Bhd saw a 21.1% drop in net profit for its second quarter ended July 31 to RM133.65 million, from RM169.34 million a year before, in line.

Some RHB services including cash withdrawal suffer disruption
By New Straits Times - September 16, 2020 @ 8:30pm



KUALA LUMPUR: If you're an RHB customer and tried to make payment using your debit card and found your card declined, you're not alone.

It appears that RHB Bank is suffering a disruption with some of its services including cash withdrawal at both RHB automated teller machines (ATM) and interbank ATMs.

Customers have taken to social media to voice their complaints as RHB group issued a brief statement on their Facebook an Twitter pages informing of the issue.

"We'd like to inform our systems are undergoing service disruptions and the RHB Mobile Banking app, RHB Now Online Banking and RHB Reflex platforms are currently unavailable. We regret any inconvenience caused and will share updates once the systems are back up," the statement read.

Bagus! Australian unemployment falls, raising recovery hopes

Thursday, 17 Sep 2020 10:52 AM MYT


UEM Sunrise acquires prime development site in Melbourne for AU$43 mln
KUALA LUMPUR, June 19 -- UEM Sunrise Bhd has acquired a prime development site at 21-53 Hoddle Street, Collingwood, Melbourne for AU$43 million (RM1=AU$2.93).




The company, in a statement today, said the 5,390-square metre inner east site, which is currently home to a Melbourne auto dealership, was purchased from Jowett Properties and will be transformed into a mixed-use development.




Managing director and chief executive officer Anwar Syahrin Abdul Ajib said the acquisition of the landmark Collingwood site signals UEM Sunrise’s new chapter in Melbourne and continuation of its active presence in the Australian market following the success of its Aurora Melbourne Central and Conservatory projects.



“There’s no doubt that Collingwood has evolved into a go-to residential and commercial precinct, thanks to its close proximity to the central business district (CBD), vibrant café culture and wonderful sense of community.




“UEM Sunrise looks forward to bringing our development expertise and vision to the area, delivering quality residences and commercial spaces for Melbourne’s growing population and helping stimulate job creation via the project’s delivery,” said Anwar Syahrin, adding that the new site forms part of a broader expansion strategy for UEM Sunrise.





He said the Melbourne commercial and residential sector continues to remain strong despite challenges posed by COVID-19, with the Victorian government committed to ongoing development and approval of shovel-ready projects.




“We are optimistic when it comes to strategic and well-positioned opportunities,” he said.




UEM Sunrise, one of Malaysia’s leading property developers, most recently completed its AU$800 million flagship Australian project, Aurora Melbourne Central in the Melbourne CBD.



The residential component of the project had strong sales success, with 95 per cent of stock selling out within two weeks of launch and 100 per cent of the project sold prior to completion.




Aurora Melbourne Central also achieved a 98 per cent settlement rate for its residences to date.

a partial sin stock, gambling & non-gambling biz inside :)

one of the best sin stocks with non-gambling biz :)

those kaki judi, are expected to return to this stock to judi soon :)

TP: RM4+ to RM5+ :)


Price Target
Date Open Price Target Price Upside/Downside Price Call Source
28/08/2020 3.58 4.20 +0.62 (17.32%) HOLD PUBLIC BANK
28/08/2020 3.58 5.10 +1.52 (42.46%) BUY KENANGA
28/08/2020 3.58 4.26 +0.68 (18.99%) BUY HLG
28/08/2020 3.58 4.20 +0.62 (17.32%) BUY AffinHwang

good for uems.... australia is one of uems's major markets for its property development :)

Australian unemployment falls, raising recovery hopes

Thursday, 17 Sep 2020 10:52 AM MYT
Australia is experiencing its first recession in almost 30 years, prompting the government and central bank to embark on a vast stimulus spending programme to avert a full-blown depression. — AFP pic
Australia is experiencing its first recession in almost 30 years, prompting the government and central bank to embark on a vast stimulus spending programme to avert a full-blown depression. — AFP pic

SYDNEY, Sept 17 — Australia’s unemployment rate fell slightly to 6.8 per cent in August, spurring hopes that the worst of a coronavirus-fuelled recession may have passed.

The country’s statistical agency said today that unemployment had fallen 0.7 points from the 7.5-per cent rate posted in July, with the economy adding 111,000 more jobs.

Australia is experiencing its first recession in almost 30 years, prompting the government and central bank to embark on a vast stimulus spending programme to avert a full-blown depression.

Around a million people have lost their jobs and many more have been forced to take pay cuts or seen hours slashed.

Today’s figures smashed economists’ forecasts of a rise in the unemployment rate to around 8 per cent.

But beyond the headline figure — which is seasonally adjusted — there was some cause for concern.

The number of people present in the job market, hours worked and underemployment remained largely unchanged — pointing to an economy still in serious pain. — AFP

GENT Historical Data
Time Frame:

Monthly
09/28/2018 - 09/17/2020

Date Price Open High Low Vol. Change %
Sep 20 3.35 3.51 3.65 3.35 7.01M -4.56%
Aug 20 3.51 3.83 4.09 3.51 221.95M -8.36%
Jul 20 3.83 4.11 4.24 3.82 149.88M -6.59%
Jun 20 4.10 4.01 4.95 3.97 254.61M 2.50%
May 20 4.00 4.14 4.19 3.86 120.81M -4.08%
Apr 20 4.17 3.73 4.25 3.64 218.90M 11.20%
Mar 20 3.75 4.69 4.89 2.91 256.98M -22.53%
Feb 20 4.84 5.33 5.45 4.84 154.82M -10.00%
Jan 20 5.38 5.90 6.05 5.38 95.64M -9.09%
Dec 19 5.92 5.72 6.03 5.60 92.07M 3.77%
Nov 19 5.70 5.67 6.12 5.62 88.53M 0.34%
Oct 19 5.68 5.61 5.72 5.47 90.45M 1.22%
Sep 19 5.61 5.87 5.87 5.60 132.47M -4.33%
Aug 19 5.87 6.65 6.73 5.70 123.21M -12.66%
Jul 19 6.72 6.69 6.92 6.40 84.20M 1.48%
Jun 19 6.62 6.24 6.86 6.24 65.01M 5.95%
May 19 6.25 6.89 6.89 6.14 62.70M -9.23%
Apr 19 6.88 6.54 6.91 6.41 63.04M 6.02%
Mar 19 6.49 7.13 7.13 6.42 81.57M -8.99%
Feb 19 7.13 6.73 7.38 6.73 65.76M 6.20%
Jan 19 6.72 5.92 6.73 5.72 134.35M 13.77%
Dec 18 5.91 6.05 6.38 5.72 111.90M -2.87%
Nov 18 6.08 7.11 7.53 6.07 178.76M -14.44%
Oct 18 7.11 7.58 7.76 6.87 100.18M -6.02%
Highest: 7.76 Lowest: 2.91 Difference: 4.85 Average: 5.48 Change %: -55.69

WAIT FOR SUDDEN SURGE IN PRICE. AUG 13, LAST MONTH RM4+... :)

PATIENCE WILL GAIN.

Name
Details of Changes
View
Date
Type
No. of Shares
Price
MADAM KOID SWEE LIAN 08-Sep-2020 Acquired 50,000 3.580 View Detail
MR LIM KEONG HUI 12-Jun-2020 Acquired 789,500 4.372 View Detail
TAN SRI LIM KOK THAY 12-Jun-2020 Acquired 789,500 4.372 View Detail
MR LIM KEONG HUI 01-Jun-2020 Acquired 2,000,000 3.993 View Detail
TAN SRI LIM KOK THAY 01-Jun-2020 Acquired 2,000,000 3.993 View Detail
MR LIM KEONG HUI 29-May-2020 Acquired 1,832,200 4.002 View Detail
TAN SRI LIM KOK THAY 29-May-2020 Acquired 1,832,200 4.002 View Detail
MR LIM KEONG HUI 28-May-2020 Acquired 467,800 3.930 View Detail
TAN SRI LIM KOK THAY 28-May-2020 Acquired 467,800 3.930 View Detail
MR LIM KEONG HUI 27-May-2020 Acquired 1,000,000 3.924 View Detail
TAN SRI LIM KOK THAY 27-May-2020 Acquired 1,000,000 3.924 View Detail
MR TAN KONG HAN 18-Mar-2020 Acquired 50,000 3.090 View Detail
MR TAN KONG HAN 13-Mar-2020 Acquired 40,000 4.000 View Detail
TAN SRI FOONG CHENG YUEN 12-Mar-2020 Acquired 40,000 4.370 View Detail
MR TAN KONG HAN 11-Mar-2020 Acquired 20,000 4.540 View Detail
TAN SRI FOONG CHENG YUEN 11-Mar-2020 Acquired 20,000 4.565 View Detail
MR TAN KONG HAN 10-Mar-2020 Acquired 40,000 4.525 View Detail
MR TAN KONG HAN 09-Mar-2020 Acquired 20,000 4.517 View Detail
MR LIM KEONG HUI 23-Jan-2020 Acquired 814,000 5.920 View Detail
TAN SRI LIM KOK THAY 23-Jan-2020 Acquired 814,000 5.920 View Detail
MR LIM KEONG HUI 22-Jan-2020 Acquired 514,700 6.040 View Detail
TAN SRI LIM KOK THAY 22-Jan-2020 Acquired 514,700 6.040 View Detail
MR LIM KEONG HUI 21-Jan-2020 Acquired 1,500,000 6.130 View Detail
TAN SRI LIM KOK THAY 21-Jan-2020 Acquired 1,500,000 6.130 View Detail
MR LIM KEONG HUI 20-Jan-2020 Acquired 192,600 6.160

KIEN HUAT INTERNATIONAL LIMITED 12-Jun-2020 Acquired 789,500 0.000 View Detail
KIEN HUAT REALTY SDN BERHAD 12-Jun-2020 Acquired 789,500 0.000 View Detail
MR LIM KEONG HUI 12-Jun-2020 Acquired 789,500 0.000 View Detail
PARKVIEW MANAGEMENT SDN BHD 12-Jun-2020 Acquired 789,500 0.000 View Detail
TAN SRI LIM KOK THAY 12-Jun-2020 Acquired 789,500 0.000 View Detail
KIEN HUAT INTERNATIONAL LIMITED 01-Jun-2020 Acquired 2,000,000 0.000 View Detail
KIEN HUAT REALTY SDN BERHAD 01-Jun-2020 Acquired 2,000,000 0.000 View Detail
MR LIM KEONG HUI 01-Jun-2020 Acquired 2,000,000 0.000 View Detail
PARKVIEW MANAGEMENT SDN BHD 01-Jun-2020 Acquired 2,000,000 0.000 View Detail
TAN SRI LIM KOK THAY 01-Jun-2020 Acquired 2,000,000 0.000 View Detail
KIEN HUAT INTERNATIONAL LIMITED 29-May-2020 Acquired 1,832,200 0.000 View Detail
KIEN HUAT REALTY SDN BERHAD 29-May-2020 Acquired 1,832,200 0.000 View Detail
MR LIM KEONG HUI 29-May-2020 Acquired 1,832,200 0.000 View Detail
PARKVIEW MANAGEMENT SDN BHD 29-May-2020 Acquired 1,832,200 0.000 View Detail
TAN SRI LIM KOK THAY 29-May-2020 Acquired 1,832,200 0.000 View Detail
KIEN HUAT INTERNATIONAL LIMITED 28-May-2020 Acquired 467,800 0.000 View Detail
PARKVIEW MANAGEMENT SDN BHD 28-May-2020 Acquired 467,800 0.000 View Detail
KIEN HUAT REALTY SDN BERHAD 28-May-2020 Acquired 467,800 0.000 View Detail
MR LIM KEONG HUI 28-May-2020 Acquired 467,800 0.000 View Detail
TAN SRI LIM KOK THAY 28-May-2020 Acquired 467,800 0.000 View Detail
KIEN HUAT INTERNATIONAL LIMITED 27-May-2020 Acquired 1,000,000 0.000 View Detail
PARKVIEW MANAGEMENT SDN BHD 27-May-2020 Acquired 1,000,000 0.000 View Detail
KIEN HUAT REALTY SDN BERHAD 27-May-2020 Acquired 1,000,000 0.000 View Detail
MR LIM KEONG HUI 27-May-2020 Acquired 1,000,000 0.000 View Detail
TAN SRI LIM KOK THAY 27-May-2020 Acquired 1,000,000 0.000

The overnight policy rate (OPR) is clearly higher than the benchmark rates in the advanced countries.

“So, from the carry trade point of view, the ringgit could rise. At the moment, the OPR stands at 1.75% while the US Federal Fund Rate remains at 0.25%.

“That’s a 150-basis-point difference between the OPR and the Fed Fund Rate, ” he said.

In addition, he said the country’s ability to contain the Covid-19 spread was a plus point as the economic recovery process can happen almost immediately, allowing for a sustained increase in the gross domestic product.

Buying land and cash rich property stocks like uems is much better than buying houses directly

More n more infrastructure projects e.g. mrt, lrt, hsr, etc, enhance land and house value in stages.

“ I don't know that the connection between asset purchases and financial stability is a particular tight one," Powell said in a press conference after the Fed concluded a two-day meeting.

NEW YORK: One key investor takeaway from Federal Reserve Chair Jerome Powell's press conference on Wednesday: This central bank is not going to break a sweat fretting about future asset bubbles.

The Fed launched unprecedented support when the coronavirus pandemic hit the United States earlier this year, slashing interest rates and unleashing asset purchases which has pushed bond yields to lows and sent equity prices to record highs.

Still, Powell said the decade-long U.S. economic expansion, which ran prior to the pandemic hitting growth, had included both quantitative easing and low interest rates but was "notable for the lack of the emergence of some sort of a financial bubble."

"I don't know that the connection between asset purchases and financial stability is a particular tight one," Powell said in a press conference after the Fed concluded a two-day meeting.

The central bank said Wednesday that it will continue to purchase $120 billion in government bonds each month in order to support the economy and does not expect to raise interest rates until at least 2023 in order to let some inflation build in the economy.

The central bank's balance sheet has remained steady at around $7 trillion since May as it has reduced some purchases of corporate bonds as spreads have tightened. Its balance sheet stood at approximately $4.29 trillion in the first week of March.

The Fed's policy closely resembles its approach following the 2008 financial crisis, which fueled rallies in assets ranging from equities to real estate, said Scott Kimball, portfolio manager of the BMO Core Plus Bond Fund.

"The rally in the equity markets are the end result of a lot of actions that the Fed has taken along the way, and the Fed is acknowledging that the wealth effect of boosting risk assets is real but not a systematic risk," said Scott Kimball.

The U.S. benchmark S&P 500 is up approximately 51% since its lows in March, bolstered in part by the U.S. central bank's $3 trillion stimulus plan and move to slash interest rates to essentially zero. The index now trades at a trailing price to earnings ratio of 27.2, nearly double its historical average of 16, according to Refinitiv data.

"The Fed is telling investors that they are putting the monetary policy pedal to the metal," said Brian Jacobsen, multi-asset strategist at Wells Fargo Funds, who said that he expects the U.S. equity market to continue to rally, though at a slower pace than the last six months.

Still, there seemed to be some disappointment on Wednesday that the Fed had not gone further. There had been some hopes that the central bank was gearing up to extend the duration of its bond purchases, or ramp up asset purchases more generally, to keep longer bond yields lower and prevent an equity market correction.

Andrew Brenner, head of international fixed income at NatAlliance said the Fed was "nowhere near as dovish as many had thought" with no extension of asset purchases, no increase in buying of longer-end bonds and no yield curve capping, which alongside a view that the Fed will let inflation run, pushed up longer-end yields and hurt equities, he said.

Benchmark 10-year Treasuries dipped, pushing yields up to 0.69% from 0.67% the day before, while the S&P 500 lost 0.46%. 30-year Treasuries also dipped, with yields rising to 1.46% from 1.43% the day before.

Longer term, the Fed's announcement on Wednesday helps the trends that were already in place, investors said.

"It underscores the idea that if you’re hoping to get some kind of yield in the bond market it is still many years down the road," said Jason Ware, chief investment officer at Albion Financial, adding that as a result "it helps stocks look attractive on a relative basis."

- Reuters

will wait for uems to rise sharply :)

He also warned against chasing after performance or “hot” stocks, as some have run far ahead of their fundamentals such as the rubber glove and technology stocks.

“This is not sustainable and there is a high risk of a pull back. We do not want to buy high and sell low,” he said.

While expectations on returns are definitely lower, given the prevailing interest rates and dampened forecasts of economic growth, investors can still be on the lookout for undervalued assets, blue chip stocks or REITs, he added.

Zeng said these assets, as well as hard assets such as prime properties and commodities, are poised to rise sharply once the economy recovers and when inflation kicks in.

Very likely, the effect will spill over To Johor and also Malaysia :)


Fears of Singapore falling into a prolonged recession are subsiding with home sales growing for the fourth-consecutive month

SINGAPORE: Singapore home sales surged to an 11-month high in August, buoyed by demand from locals who are betting that prices will rebound as soon as next year.

The number of new units sold rose 16% to 1,256 last month from 1,080 in July, according to Urban Redevelopment Authority data released yesterday.

That’s the most since September last year and up from a near six-year low in April during the height of the lockdown.

Fears of Singapore falling into a prolonged recession are subsiding with home sales growing for the fourth-consecutive month.

Singapore forecast its worst recession on record in August, with the government estimating the economy could shrink between 5% and 7% this year.

People who are buying now are betting that the economy will rebound.

Prices could increase once the economy starts to recover next year, said Nicholas Mak, head of research and consultancy at APAC Realty Ltd. unit ERA.

Singapore’s gross domestic product could expand by 7% next year, according to an August report by the Asean+3 Macroeconomic Research Office.

More than 80% of the buyers are locals, many of whom are upgrading from public housing to private units or investing.

“It’s definitely a positive sign. Buyers could be sending a signal that the worst could be behind us, ” Mak said. — Bloomberg

52 Weeks Range: 0.275 - 0.81
Average Price Target: 0.50
Price Target Upside/Downside: +0.11

Date Close

17/09/2020. 0.4+ ?????
15/09/2020 0.39
14/09/2020 0.375
11/09/2020 0.38
10/09/2020 0.37
09/09/2020 0.38
08/09/2020 0.385
07/09/2020 0.39
04/09/2020 0.39
03/09/2020 0.395
02/09/2020 0.40
01/09/2020 0.405
28/08/2020 0.405
27/08/2020 0.405
26/08/2020 0.41
25/08/2020 0.405
24/08/2020 0.405
21/08/2020 0.41
19/08/2020 0.405

hopefully, dividend will restart soon, say, this year :) Retained profits ~RM2bil+, can pay dividend anytime.

27-Apr-2018 04-Jun-2018 DIVIDEND Final Dividend RM 0.01 Dividend Detail
28-Apr-2016 27-May-2016 DIVIDEND First and Final Dividend RM 0.0160 Dividend Detail
28-Apr-2015 27-May-2015 DIVIDEND First and Final Dividend RM 0.0300 Dividend Detail
01-Apr-2014 28-May-2014 DIVIDEND First and Final Dividend RM 0.04 Dividend Detail
08-May-2013 28-Jun-2013 DIVIDEND First and Final Dividend RM 0.03 Dividend Detail

yup, it should continue to rise further tomorrow :)

UEM Sunrise achieves over RM400mil sales in two months
By NST Business - September 15, 2020 @ 4:23pm

KUALA LUMPUR: UEM Sunrise Bhd has achieved more than RM400 million sales and bookings in less than two months after the launch of its "The Happy Chase" campaign.

"The Happy Chase" is UEM Sunrise's response to the government's reintroduction of the Home Ownership Campaign (HOC) as part of the Penjana (Short-Term Economic Recovery Plan) following the Movement Control Order (MCO) to curb the spread of the Covid-19 pandemic.

UEM Sunrise said in a significant sales upswing since the beginning of the Recovery MCO, popular projects such as Residensi AVA, the eco-living condominium suites, had seen a take-up rate of 55 per cent of the first of two towers.

Residensi AVA forms the first phase of Kiara Bay, a 73-acre flagship waterfront development of UEM Sunrise in Kepong.
You May Also Like

UEM Sunrise lowers sales target
UEM Sunrise on track to achieve RM1.2b sales target
RM400mil lawsuit against Musa Aman withdrawn
UEM Sunrise optimistic of RM2b sales target

Meanwhile, Frischia, a contemporary double-storey terraced home offering in Serene Heights Bangi, and phase 1A of Senadi Hills in Iskandar Puteri have seen 91 per cent and 80 per cent of their units respectively taken up since their launch in July.

"We were persistent in pivoting our strategies to continue building the awareness and interest of our products and the UEM Sunrise brand during the MCO and Conditional MCO period.

"We knew that there was pent-up demand from the buyers and their confidence in our products, that we were able to convert much of this leads and interest to actual bookings – showing that our efforts are paying off," said managing director and chief executive officer Anwar Syahrin Abdul Ajib.

The campaign - aimed at addressing concerns faced by house buyers, promises exciting rebates, attractive rewards and easy entry - has garnered much interest.

The campaign offered booking fees from as low as RM1, waiver on sales and purchase agreement and loan legal fees and a multitude of other rewards including additional rebates and subsidies.

Anwar said UEM Sunrise would capitalise on the positive trend and continue pushing ahead with its new launches.

They include Allevia, an exclusive high-rise development in the heart of Mont'Kiara; Plot B of Solaris Parq, the office tower component of the 18.76-acre mixed-development masterplan, and Verna, the latest double-storey terraced home offering in Serene Heights Bangi.

"Customers believe in finding happiness through our developments which are surgically tailored for them with the E.V.E. philosophy which is Exciting, bringing Value and Easy to Own.

"Many of them are currently on the lookout for attractive deals, and they know that they can find it in UEM Sunrise products," he added.

Thanks. Already cash out. Move to uems :)

TP to touch 50sen as the first step :)

Date Open Price Target Price Upside/Downside Price Call Source News
25/08/2020 0.405 0.55 +0.145 (35.80%) HOLD PUBLIC BANK Price Target News
25/08/2020 0.405 0.54 +0.135 (33.33%) BUY MIDF Price Target News
25/08/2020 0.405 0.555 +0.15 (37.04%) BUY KENANGA

good. 38.5sen to be cleared. OTW to 40sen and above. :)

:) more n more positive news on the property sector.


SINGAPORE (EDGEPROP) - At least nine in 10 corporate real estate (CRE) leaders in the Asia Pacific are confident that plans to mitigate the impact of Covid-19 will be successful, according to a JLL’s report Optimism in the Face of Crisis. The report is based on the findings of a survey conducted among 200 corporate real estate leaders from the Asia Pacific region.
In their view, working from home will not replace offices. A majority of CRE leaders believe they will maintain or increase total footprint and number of sites in the medium to long term. 76% of them expect moderate or steady rationalisation of real estate portfolios, with those in Australia and Hong Kong focused on steady rationalisation while those in India anticipating massive and accelerated rationalisation.

UEM Sunrise saw its high-rise projects in Mont’Kiara that includes Residensi Astrea (between RM1.16mil and RM1.65mil per unit) and Residensi Solaris Parq (between RM873,800 and RM2.9mil per unit) recording RM80mil in sales in the past two months.

For its soon-to-launched high-end condomimium called Allevia, also in Mont’Kiara and costing between RM1.54mil to RM2.5mil per unit, UEM Sunrise received indications of interest from 600 people in just a week.

:)

Date Close Volume
11/09/2020 0.09 16,089,800
10/09/2020 0.09 19,085,800
09/09/2020 0.10 12,852,300
08/09/2020 0.10 17,498,600
07/09/2020 0.105 3,440,400
04/09/2020 0.11 12,183,200
03/09/2020 0.11 9,324,000
02/09/2020 0.11 8,140,000
01/09/2020 0.115 9,939,600
28/08/2020 0.12 17,191,800
27/08/2020 0.115 26,820,100
26/08/2020 0.115 17,321,600
25/08/2020 0.115 24,826,500
24/08/2020 0.12 24,426,500
21/08/2020 0.13 68,715,600
19/08/2020 0.115 9,786,200
18/08/2020 0.115 15,662,600
17/08/2020 0.11 17,197,400

Rebound strongly next week probably :)

Date Close Volume
11/09/2020 0.38 7,233,100
10/09/2020 0.37 7,302,100
09/09/2020 0.38 4,663,300
08/09/2020 0.385 3,618,500
07/09/2020 0.39 6,985,500
04/09/2020 0.39 3,959,400
03/09/2020 0.395 5,751,900
02/09/2020 0.40 1,289,500
01/09/2020 0.405 3,506,600
28/08/2020 0.405 2,560,000
27/08/2020 0.405 2,713,500
26/08/2020 0.41 4,179,000
25/08/2020 0.405 2,491,600
24/08/2020 0.405 1,741,500
21/08/2020 0.41 1,823,300
19/08/2020 0.405 1,261,100
18/08/2020 0.405 1,693,600
17/08/2020 0.405 1,969,500

by next month ~70%, possible for privatisation like Boustead already announced :)

Upon the maturity of the UEMS
RCPS in October 2020, UEM Group’s
shareholding in UEM Sunrise will increase
to a potential 69.6%.

We also redeemed 123.3 million UEM
Sunrise Redeemable Convertible
Preference Shares (UEMS RCPS) issued
to UEM Group Berhad (UEM Group), our
majority shareholder, in October 2015 at
a redemption value of RM150 million.
The redemption was funded by internally
generated funds. The balance 669.2 million
UEMS RCPS are expected to be converted
into new UEM Sunrise ordinary shares at
RM1.60 per UEMS RCPS for one ordinary
share.

30 LARGEST SHAREHOLDERS AS PER THE RECORD OF DEPOSITORS
(As at 30 April 2020)
No. Name of Shareholder
No. of
Shares held
% of
Issued shares
1. UEM GROUP BERHAD 2,997,491,779 66.06
2. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
URUSHARTA JAMAAH SDN. BHD. (1)
348,871,500 7.69
3. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
EMPLOYEES PROVIDENT FUND BOARD
202,113,137 4.45
4. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD (PAR 1)
53,985,500 1.19
5. HSBC NOMINEES (ASING) SDN. BHD.
JPMCB NA FOR THE NATIONAL FARMERS UNION MUTUAL INSURANCE SOCIETY LTD.
39,671,909 0.87
6. HSBC NOMINEES (ASING) SDN. BHD.
JPMCB NA FOR VANGUARD EMERGING MARKETS STOCK INDEX FUND
26,801,900 0.59
7. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBNY FOR NORGES BANK (FI 17)
23,618,700 0.52
8. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD (PAR 3)
22,714,300 0.50
9. HSBC NOMINEES (ASING) SDN. BHD.
JPMCB NA FOR VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND
20,092,955 0.44
10. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBNY FOR EMERGING MARKET CORE EQUITY PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC.
19,126,845 0.42
11. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
EXEMPT AN FOR AIA BHD.
18,478,200 0.41
12. LIEW SWEE MIO @ LIEW HOI FOO 17,300,000 0.38
13. DB (MALAYSIA) NOMINEE (ASING) SDN. BHD.
THE BANK OF NEW YORK MELLON FOR DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS DELAWARE
EMERGING MARKETS FUND
17,000,000 0.38
14. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBNY FOR DIMENSIONAL EMERGING MARKETS VALUE FUND
16,753,445 0.37
15. CARTABAN NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR STATE STREET BANK & TRUST COMPANY (WEST CLT OD67)
15,100,800 0.33
16. AMANAHRAYA TRUSTEES BERHAD
PUBLIC ITTIKAL SEQUEL FUND
12,835,400 0.28
17. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBLDN FOR POLUNIN EMERGING MARKETS SMALL CAP FUND, LLC
10,659,934 0.24
18. AMANAHRAYA TRUSTEES BERHAD
PUBLIC ISLAMIC DIVIDEND FUND
10,376,500 0.23
19. AMANAHRAYA TRUSTEES BERHAD
PUBLIC SAVINGS FUND
9,090,300 0.20
20. CITIGROUP NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR CITIBANK NEW YORK (NORGES BANK 1)
8,793,100 0.19
21. CITIGROUP NOMINEES (ASING) SDN. BHD.
CBNY FOR DFA EMERGING MARKETS SMALL CAP SERIES
8,599,800 0.19
22. HSBC NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR BANK JULIUS BAER & CO. LTD. (SINGAPORE BCH)
8,361,365 0.18
23. CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.
EMPLOYEES PROVIDENT FUND BOARD (RHBISLAMIC)
7,900,000 0.17
24. AMANAHRAYA TRUSTEES BERHAD
PUBLIC ISLAMIC EQUITY FUND
7,639,600 0.17
25. DB (MALAYSIA) NOMINEE (ASING) SDN. BHD.
BNYM SA/NV FOR NFU MUTUAL GLOBAL GROWTH FUND
7,500,000 0.17
26. UOB KAY HIAN NOMINEES (ASING) SDN. BHD.
EXEMPT AN FOR UOB KAY HIAN PTE. LTD. ( A/C CLIENTS )
6,508,747 0.14
27. DB (MALAYSIA) NOMINEE (ASING) SDN. BHD.
SSBT FUND ZYEF FOR VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND
6,492,365 0.14
28. CARTABAN NOMINEES (ASING) SDN. BHD.
STATE STREET LONDON FUND OD75 FOR ISHARES PUBLIC LIMITED COMPANY
4,825,300 0.11
29. DB (MALAYSIA) NOMINEE (ASING) SDN. BHD.
THE BANK OF NEW YORK MELLON FOR DELAWARE VIP TRUST DELAWARE VIP EMERGING MARKETS SERIES
4,748,132 0.11
30. CARTABAN NOMINEES (ASING) SDN. BHD.
SSBT FUND J724 FOR SPDR S&P EMERGING MARKETS ETF
4,739,288 0.11
TOTAL 3,958,190,801 87.23

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

Geographical information
Revenue and non-current assets information based on the geographical location of customers and assets respectively is as follows:
Revenue
2019
RM’000
2018
RM’000
Malaysia 965,516 1,377,583
Australia 1,942,022 661,840
Singapore 1,923 4,563
2,909,461 2,043,986
Non-current assets
2019
RM’000
2018
RM’000
Restated
Malaysia 9,557,494 8,497,118
Australia 134,822 149,969
South Africa 15,141 16,930
Singapore 2,546 1,971
9,710,003 8,665,988

in RM’000
2019* 2018*
Restated
2017*
Restated
2016*
Restated
2015^
TOTAL ASSETS
Property, plant and equipment, investment
properties and right-of-use assets 1,330,196 1,174,255 1,026,806 947,561 875,042
Land held for property development and
property development costs 6,496,179 6,533,511 6,973,762 6,522,464 5,550,909
Interests in associates, joint ventures & others 1,529,739 1,612,989 1,668,768 1,545,762 1,631,616
Inventories 954,831 1,302,683 609,690 585,244 403,099
Receivables 1,198,200 1,516,919 1,616,486 1,657,565 1,586,681
Goodwill 621,409 621,409 621,409 621,409 621,409
Deferred tax asset 282,926 283,601 308,116 239,388 221,044
Deposits, cash and bank balances 1,057,446 1,078,601 808,004 788,542 1,005,600
Asset held for sale - - - 11,230 -
Total assets 13,470,926 14,123,968 13,633,041 12,919,165 11,895,400
TOTAL EQUITY AND LIABILITIES
Share capital 5,110,276 5,110,276 5,110,276 2,276,643 2,276,643
Share premium - - - 2,829,546 2,829,546
Merger relief reserves 34,330 34,330 34,330 34,330 34,330
Other reserves 13,671 64,216 108,082 152,046 115,439
Retained profits 2,127,889 1,868,067 1,636,333 1,519,316 1,552,602
Non-controlling interests 468,332 363,722 363,127 361,556 360,345
Total equity 7,754,498 7,440,611 7,252,148 7,173,437 7,168,905
Borrowings and lease liabilities 3,416,955 4,683,501 4,219,742 3,714,673 2,750,570
Income tax liabilities 71,760 48,880 55,074 11,781 223,904
Payables 1,579,015 1,182,508 1,322,572 1,279,402 772,205
Provisions and others 648,698 768,468 783,505 739,872 979,816
Total equity and liabilities 13,470,926 14,123,968 13,633,041 12,919,165 11,895,400
Net asset per share attributable to owners of the
parent (RM) 1.61 1.56 1.52 1.51 1.50

Going forward, it is crucial for any organisation to focus on its strengths,
especially during these uncertain times. At UEM Sunrise, we realise
the potential of our strong points and are considering multiple avenues
to ensure the sustainability of our business operations into the future.
Stability in our financial position provides a strong foundation for us to
weather the storm ahead. Our financial discipline over the past few years,
with gross gearing of 0.46x and net gearing of 0.32x as at end FY2019 along
with a cash balance of RM1.1 billion, gives us sufficient liquidity during
these uncertain times. Furthermore, the unutilised SUKUK of RM1.1 billion
to date, provides a further avenue of funding to leverage on opportunities
that will create value for the organisation.
Nevertheless, we recognise that financial strengths alone will not be
adequate. We need to operate as an agile organisation, with CHIEF
values emphasising a high-growth culture strongly embedded among
all employees, to bring UEM Sunrise to greater heights. Innovative
approaches supported by wide adoption of digital tools and Industry 4.0
technologies will be our key source of differentiation. We will continuously
dedicate significant efforts towards these initiatives to ensure relevance in
the new business environment.
Looking further ahead, and considering future scenarios, we seek to
strengthen our core strengths of property development and explore new
opportunities within the real estate space to ensure business viability,
competitiveness and sustainability. Ultimately, we aim to enhance
the lifestyles of our customers and achieve sustainability throughout our
business operations.
Property development is part of a vast ecosystem across a myriad of
industries. Growth in property sales and mortgage approvals are closely
linked with consumer confidence and liquidity in the market. The sector
will continue to play an important role in economic growth; thus, a vibrant
property sector is critical to national development.

Be calm always :)

In addition, we launched new phases in key
development areas such as Serene Heights
in Bangi and Gerbang Nusajaya in Johor.
Despite the prevailing market conditions,
we remain committed to finding the right
opportunities to ensure the sustainability
of our business and will continue to seek
opportunities to replenish our sales funnel.
We also redeemed 123.3 million UEM
Sunrise Redeemable Convertible
Preference Shares (UEMS RCPS) issued
to UEM Group Berhad (UEM Group), our
majority shareholder, in October 2015 at
a redemption value of RM150 million.
The redemption was funded by internally
generated funds. The balance 669.2 million
UEMS RCPS are expected to be converted
into new UEM Sunrise ordinary shares at
RM1.60 per UEMS RCPS for one ordinary
share. Upon the maturity of the UEMS
RCPS in October 2020, UEM Group’s
shareholding in UEM Sunrise will increase
to a potential 69.6%.

In 2019, there were several highlights that will contribute to future business performance:

For our Aurora Melbourne Central development in Australia, we entered into a Contract of
Sale with Scape Australia Management Pty. Ltd. (Scape), the largest asset owner and investor
in the evolving purpose-built student accommodation (PBSA) sector in Australia. This was
valued at AUD125 million and planned for completion in October 2020.
In the Central region, we unveiled Kiara Bay, UEM Sunrise’s newest integrated mixed
development in Kuala Lumpur adjacent to the Kepong Metropolitan Park, spanning 72.7
acres of land. Its first development component was a two-tower residential block launched
in November 2019, Residensi AVA, with a GDV of RM656 million. Comprising 870 units of
serviced apartments, it presents seven different layouts of 2+1, 3 and 4 bedrooms, ranging
between 813 and 1,285 square feet, and priced from RM528,000. Residensi AVA is targeted at
second-generation Kepong residents and is scheduled for completion in 2024.
In the Southern region, we rebalanced our landbank portfolio by reducing our exposure in
Desaru Coast from 678.7 acres to 228.1 acres, which translates to a reduction of future GDV in
Johor by RM7.6 billion. Concurrently, we increased our involvement in retail development in
Puteri Harbour. We acquired 13 strata parcels together with accessory parcels at Somerset,
a family entertainment centre and a double-storey open-sided pergola for RM145 million
from Themed Attractions Resorts & Hotels Sdn. Bhd. (TAR&H), our joint venture (JV) partner
in Desaru Coast.

Strengthening our position as a top property developer in Malaysia, we placed 5th
at The Edge Property Excellence Awards in 2019, moving from 10th position three
years earlier. Across the dimensions of Value Creation, Product Quality, Image
and Innovation & Creativity, UEM Sunrise ranked in the Top 5 across all property
developers nationwide. We were also acknowledged for our “Highest Growth
in Profit After Tax Over Three Years” at The Edge Billion Ringgit Club Awards in
2019. Throughout the period of assessment, we delivered consistent performance
through ensuring customer satisfaction and effective and efficient operations with
improved cashflows, while future-proofing the business.

DELIVERING VALUE TO OUR SHAREHOLDERS

Challenges notwithstanding, the UEM Sunrise group of
companies (the Group) has delivered strong performance,
with revenue up 42% to RM2.9 billion for the financial year
ended 2019 (FY2019) compared to RM2.0 billion in the
financial year ended 2018 (FY2018). The main contributor
to this growth was the completion and settlement of
Aurora Melbourne Central and Conservatory in Melbourne,
Australia. This allowed for full settlement of both
projects’ financing facilities, improving our gross and net
gearing to 0.46x and 0.32x, respectively. Overall sales
remained respectable at RM1.1 billion, and this
was subsequently replenished with new
launches valued at RM1.2 billion in FY2019.
Our inventory monetisation efforts have
also proven to be successful, as we
managed to reduce inventories by 21%
in FY2019 compared to FY2018.
Divestment of non-strategic lands
and assets, as well as land portfolio
rebalancing, remains one of our
key strategies. This strengthens
our balance sheet, enabling us
to effectively deploy our financial
resources in areas most needed,
including embarking on new ventures and opportunities,
local and overseas, since at present, approximately 75% of
our total landbank is in Johor. Moving forward, we will be
expanding the use of digital technology and establishing
strategic partnerships to generate future revenue streams.

KUALA LUMPUR: Cagamas SRP Bhd’s (CSRP) Digital Skim Rumah Pertamaku (Digital SRP) now allows eligible Malaysians to go online to purchase their first home and apply for financing.

This was made possible following the launch of the Digital SRP in collaboration with Didian and MHub, two technology property portals, on Thursday

CSRP chairman, Datuk Bakarudin Ishak said the partnership with Didian and MHub offers an integrated platform which connects home buyers, bankers, developers, and real estate agents.

“We hope Digital SRP will stimulate more than a 50% increase in cumulative SRP loans to RM12.6bil by 2021.


“With these partnerships, CSRP expects a cumulative increase of SRP loans approved by 14,400 in 2020 from a cumulative base of 26,213 in 2019 with a total financing of RMbil, ” he added.


Commenting on the Digital SRP, Bakarudin said this collaboration facilitates three things.

Firstly, it provides new access for prospective first-time house buyers to a wider selection of more than 130,000 properties of which, more than 50% are eligible under SRP, and assistance from nearly 2,000 real estate agents from more than 300 agencies nationwide.

“Secondly, Digital SRP is convenient, time efficient and value enhancing, ” he said.

Prospective buyers can now identify properties eligible under SRP online, check their financing eligibility and apply for loans without having to “walk-in” to the bank.

He pointed out online loan applicants will be contacted by the participating banks for further processing of their application.

“Thirdly and most importantly, CSRP is helping more Malaysians own their first home with this digital initiative, ” he added.

As of June 2020, SRP has benefitted close to 33,000 first time house buyers, of which 90% are from the low-income group, to secure home financing totalling RM6.8bil, since SRP was launched in 2011.

SRP is a government initiative to assist eligible first-time home buyers to obtain up to 110% financing from participating banks, enabling them to own a home without making a down payment.

About 71% of the approved applications were from Selangor, Johor, Kuala Lumpur, Perak and Melaka.

The average loan size was RM206,450 with 86% of the approved applicants being 25 to 40 years of age.

Out of this, 27,600 or 84% of the applications were Islamic financing while the balance 5,400 or 16% were conventional loans.

As of January 2020, Malaysia has close to 26.7 million internet users with a median age of 30.3.

This median age closely corresponds with SRP’s customers who are between 25 and 40 years of age.

Digital SRP is, therefore, expected to enable and facilitate more enquiries and home purchases for internet savvy buyers within this segment.

Housing and Local Government Minister, Zuraida Kamaruddin officiated the launch of the Digital SRP. Also present was Cagamas president/ CEO, Datuk Chung Chee Leong.

Didian director, Chow Nam Kit, said, “Our collaboration with Cagamas to launch the Digital SRP is yet another first for Didian, as we continue to make good on our commitment to our agents and agencies to bring them better opportunities.

“With Digital SRP, our agents will be able to seamlessly apply for SRP on behalf of their customers in just a few clicks. With our exciting upcoming pipeline of projects and more liquidity for buyers through SRP, we are optimistic our agents will have the right tools to help their clients find, purchase, and own their ideal first homes.”

MHub’s CEO, Quek Wee Siong said, “Through this collaboration, MHub aims to help first time home buyers get educated and gain access to the SRP loan scheme by using its intelligent matching platform to pre-qualify these buyers and by channelling their applications to the various banks that offer SRP loans.

"Currently MHub has close to 90,000 homes for sale in this product category with a combined Sales Purchase Agreement (SPA) value of RM27 billion.”

Digital SRP users can also apply for financing by visiting the nearest branch of the participating banks. Currently, there are 25 participating banks nationwide.

SRP is open to first-time house buyers earning RM5,000 and below for single applicants, or RM10,000 and below for joint applicants. They are eligible to purchase a property in either the primary or secondary market with a maximum value of RM500,000.

KUALA LUMPUR: Cagamas SRP Bhd’s (CSRP) Digital Skim Rumah Pertamaku (Digital SRP) now allows eligible Malaysians to go online to purchase their first home and apply for financing.

This was made possible following the launch of the Digital SRP in collaboration with Didian and MHub, two technology property portals, on Thursday

CSRP chairman, Datuk Bakarudin Ishak said the partnership with Didian and MHub offers an integrated platform which connects home buyers, bankers, developers, and real estate agents.

“We hope Digital SRP will stimulate more than a 50% increase in cumulative SRP loans to RM12.6bil by 2021.


“With these partnerships, CSRP expects a cumulative increase of SRP loans approved by 14,400 in 2020 from a cumulative base of 26,213 in 2019 with a total financing of RMbil, ” he added.


Commenting on the Digital SRP, Bakarudin said this collaboration facilitates three things.

Firstly, it provides new access for prospective first-time house buyers to a wider selection of more than 130,000 properties of which, more than 50% are eligible under SRP, and assistance from nearly 2,000 real estate agents from more than 300 agencies nationwide.

“Secondly, Digital SRP is convenient, time efficient and value enhancing, ” he said.

Prospective buyers can now identify properties eligible under SRP online, check their financing eligibility and apply for loans without having to “walk-in” to the bank.

He pointed out online loan applicants will be contacted by the participating banks for further processing of their application.

“Thirdly and most importantly, CSRP is helping more Malaysians own their first home with this digital initiative, ” he added.

As of June 2020, SRP has benefitted close to 33,000 first time house buyers, of which 90% are from the low-income group, to secure home financing totalling RM6.8bil, since SRP was launched in 2011.

SRP is a government initiative to assist eligible first-time home buyers to obtain up to 110% financing from participating banks, enabling them to own a home without making a down payment.

About 71% of the approved applications were from Selangor, Johor, Kuala Lumpur, Perak and Melaka.

The average loan size was RM206,450 with 86% of the approved applicants being 25 to 40 years of age.

Out of this, 27,600 or 84% of the applications were Islamic financing while the balance 5,400 or 16% were conventional loans.

As of January 2020, Malaysia has close to 26.7 million internet users with a median age of 30.3.

This median age closely corresponds with SRP’s customers who are between 25 and 40 years of age.

Digital SRP is, therefore, expected to enable and facilitate more enquiries and home purchases for internet savvy buyers within this segment.

Housing and Local Government Minister, Zuraida Kamaruddin officiated the launch of the Digital SRP. Also present was Cagamas president/ CEO, Datuk Chung Chee Leong.

Didian director, Chow Nam Kit, said, “Our collaboration with Cagamas to launch the Digital SRP is yet another first for Didian, as we continue to make good on our commitment to our agents and agencies to bring them better opportunities.

“With Digital SRP, our agents will be able to seamlessly apply for SRP on behalf of their customers in just a few clicks. With our exciting upcoming pipeline of projects and more liquidity for buyers through SRP, we are optimistic our agents will have the right tools to help their clients find, purchase, and own their ideal first homes.”

MHub’s CEO, Quek Wee Siong said, “Through this collaboration, MHub aims to help first time home buyers get educated and gain access to the SRP loan scheme by using its intelligent matching platform to pre-qualify these buyers and by channelling their applications to the various banks that offer SRP loans.

"Currently MHub has close to 90,000 homes for sale in this product category with a combined Sales Purchase Agreement (SPA) value of RM27 billion.”

Digital SRP users can also apply for financing by visiting the nearest branch of the participating banks. Currently, there are 25 participating banks nationwide.

SRP is open to first-time house buyers earning RM5,000 and below for single applicants, or RM10,000 and below for joint applicants. They are eligible to purchase a property in either the primary or secondary market with a maximum value of RM500,000.