The investment bank has maintained an "overweight" call on the property sector, with its top picks being IOI Properties Group Bhd, with a target price (TP) of RM3.30; OSK Holdings Bhd (TP: RM2.37), Sime Darby Property Bhd (TP: RM2.05), and Sunway Bhd (TP: RM4.51).

https://theedgemalaysia.com/node/720026

WCT 1.30
Simep 1.61

Meanwhile, several land owners are already benefiting from one-off property disposal gains in recent months and we believe there will be more to come given the insatiable demand for data centre in Malaysia. Developers with land in Johor include UEM Sunrise and EcoWorld while Sime Darby Property should benefit from future development in the Klang Valley region.

https://klse.i3investor.com/web/blog/detail/PublicInvest/2024-07-19-story-h-156190826-THEMATIC_The_New_Epicentre_of_Southeast_Asia

Epf comes to rescue glc stock

SIMEPROP] Change In Substantial Shareholder's Shareholding - EMPLOYEES PROVIDENT FUND BOARD on 23-Jul-2024
Stock
[SIMEPROP]: SIME DARBY PROPERTY BERHAD
Announcement Date
23-Jul-2024
Director's Particular:
Name
EMPLOYEES PROVIDENT FUND BOARD
Details of Changes:
Currency
-
Date of Change Type Number of Shares
18-Jul-2024 Acquired 7,214,300
Registered Name
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA)
Nature of Interest
Indirect Interest
Date of Change Type Number of Shares
18-Jul-2024 Acquired 921,400
Registered Name
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board - IC
Nature of Interest
Direct Interest
Nature Interest
Direct and Indirect Interest
Shares
Ordinary Shares
Reason
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board - IC (Acquisition of 921,400 shares on 18 July 2024) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (NOMURA) (Acquisition of 7,214,300 shares on 18 July 2024)
Total no of securities after change:
Direct (units)
263,411,800
Direct (%)
3.87
Indirect (units)
136,107,600
Indirect (%)
2.00
Total (units)
399,519,400
Total (%)
5.87
Date of Notice
19-Jul-202

Next beautiful target $2.00

7.20 up8c..
Cimb be the best uptrend stock in bluechip..
Sooner to taking down MBB

I can see the fact that low PE in property counter will be continue to be low
Where's, high PE big cap property counter under glc like Simep, UEMS, MAHSING.. Ecoworld will be continue to higher and higher...

I derive the fact but I think that is the trend for choosing property counter

What is going on?

In view of 大妈 switch the mainland property to Malaysia property..
I reckon Malaysia property sector

7.23 up 11c....
Ada byk orang Fomo liao...
Before you can't sleep when see 7.60, you better don't buy...
Let's me sleep well will do:)

Foriegner snaps up sumeptoperty shares in big way..
China 大妈 buy KL property in big way

Beside that, the property market in ever hot now

Yes! How many more data center award is on the way?

Uncle, why does sumeptoperty is not included in the list?
It is not cheap in PE but the future is good with recent data center developments

Breaking 7.25 52wks high

The best growth bank in SEA..

...... Stronger Sotong is coming...

Sime Darby Property - Shifting From Second to Fifth Gear; Keep BUY
Date:
2024-06-12
Firm:
RHB-OSK
Stock:
SIMEPROP
Price Target:
2.00
Price Call:
BUY
Last Price:
1.63
Upside/Downside:
+0.37 (22.70%)
Maintain BUY, TP rises to MYR2.00 from MYR1.54, 49% upside with c.2% yield. We think the market has not fully priced in the upside potential of Google’s recent announcement of its USD2bn investment in Malaysia. The tech giant’s announcement of MYR1.74bn in capex for the first Google data centre (DC) and Google Cloud region may just be the beginning. The potential impact of this on earnings may be under-estimated. Our new TP reflects the incremental value of the contribution from the Google facility, as well as the faster turnaround of Sime Darby Property’s industrial parks ahead.

This could be further lifted should the group decide to release its hefty CET-1 portfolio to reward shareholders

DIVIDEND YIELD COULD BE > 7%!!

Maintain OUTPERFORM and TP of RM7.25 based on an unchanged GGM-derived FY25F PBV of 0.93x (COE: 10.5%, TG: 3.0%, ROE: 10.0%) against FY25F BVPS of RM7.75. It is positioned as a leading dividend candidate with yields averaging above 7% at current price levels. This could be further lifted should the group decide to release its hefty CET-1 portfolio to reward shareholders. The stock will still likely be monitored closely as a proxy of Boost Bank’s deliveries. There is no adjustment to our TP based on ESG given a 3-star rating as appraised by us. RHBBANK is one of our 2QCY24 Top Picks.

So, the lesson learn is you need to put yourself to right place to success

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E8%8A%B1%E6%97%97%E4%B8%8A%E4%BF%AE%E6%88%91%E5%9B%BD%E5%A2%9E%E9%95%BF%E8%87%B352-%E5%9B%BD%E8%A1%8C%E6%96%99%E4%BC%9A%E5%8D%87%E6%81%AF25%E5%9F%BA%E7%82%B9

47 seconds ago



pang72

财经新闻
花旗上修我国增长至5.2% 国行料会升息25基点
2024年07月22日

0 seconds ago

财经新闻
花旗上修我国增长至5.2% 国行料会升息25基点
2024年07月22日

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E8%8A%B1%E6%97%97%E4%B8%8A%E4%BF%AE%E6%88%91%E5%9B%BD%E5%A2%9E%E9%95%BF%E8%87%B352-%E5%9B%BD%E8%A1%8C%E6%96%99%E4%BC%9A%E5%8D%87%E6%81%AF25%E5%9F%BA%E7%82%B9

Correction may finish...
Hopefully up 1c tmr...
Resume uptrend

Anywhere, just give me 7% dividend will do.
The rest of who buy who sell beyong my control..
I wanna know... I wanna count money only..

When angmo panic, I buy more.
When angmo cherish, I sell to them

Net sell then good lo..cheap price mah
Wait till you net buy, I huat No1

When analyst upgrades the TP to sky high, the legend is end..
Please revisit TOP glove, SUPERMX history

AI burst liao la

Because, he is giler

Trump will impose another 100 tarrif hike to mess up the entire globe business. including US economy will be affected

It is possible from Jan to Jun for 7% gain.
It is difficult now..
So, I declare I can't make 7% 2H24 so i keep into RHB to realise my dividend earnjng

Why? Market crashing mah, 7% still can win 99.9% investors mah

Market uncertainty - > dividend defensive 7% yield (Rhb)
I confidently beat everyone just only invest in 7% yield till end year

US rate cut may delay by rate hike again under Trump administration.
Bank continues to earn big money instead

I afraid it can't drp further because most fund will park their earning into Rhb for 7% dividend

1151 counters drop
51 counter up

This is the effect of trump be the president

Fuyu...
All wait for $25 and market crashing...
People is very smart now

Market in turbulence.
Hide at bluechip the wise choice

Correction come finally..
So, can sleep liao

17.50c dividend expected

Good!

Good learning

Wow! The boss like one by one?
How come Facebook spreading the one by one news?

Don't gambling la..
This is for dividend 7%

This week, Rhb up 10c from 5.60 to 5.70
It is considered the higher gain for numerous weeks.
More to go. Hopefully

This week, cimb up 2c from 7.13 to 7.15!
OK! Slow and steady up.