Posted by 129055444514385 > 2019-08-23 15:15 | Report Abuse

EPF holds 11%+

Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board(Disposal of 17,002,098 shares on 24 July 2019)Citigroup Nominees (Tempatan)Sdn Bhd Employees Provident Fund Board (AFFIN HWANG-SBL) (Acquisition of 17,002,098 shares on 24 July 2019)

Nature of Interest:
Direct and Indirect Interest

Consideration:



No of Shares Held After Changes:
Direct : 679,489,012 shares (9.9910%)
Indirect/Deemed Interest : 80,980,598 shares (1.1910%)
Total : 760,469,610 shares

Remarks:
You are advised to read the entire contents of the announcement orattachment. To read the entire contents of the announcement or attachment,please access the Bursa website at http://www.bursamalaysia.com


Submitted By:



29/07/2019 07:00 AM


Ref Code: 201907293600263

Posted by 129055444514385 > 2019-08-23 15:17 | Report Abuse

Amanah holds about 44% pulak haha


Circumstances by reason of which change has occurred:
AmanahRaya Trustees Berhad - Amanah Saham Bumiputera(Acquisition of 290,000shares on 10 July 2019)

Nature of Interest:
Direct Interest

Consideration:



No of Shares Held After Changes:
Direct : 2,989,949,600 shares (43.9640%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 2,989,949,600 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



12/07/2019 07:00 AM


Ref Code: 201907123600124

Posted by 129055444514385 > 2019-08-23 15:17 | Report Abuse

nothing to fear :)

Posted by Good123 > 2019-08-23 15:22 | Report Abuse

Terbaik

KUALA LUMPUR: Sime Darby Property Bhd announced yesterday that its Serenia Arina development, the third offering under the Serenia City township in Sepang, Selangor, has been taken up by more than 91% in a single weekend.

This, the developer said in a statement yesterday, proves that demand for property in Kuala Lumpur’s southern growth corridor continues to be unrelenting, as buyers took full advantage of the Spotlight 8 campaign and rushed to snap up 160 units of the 175 double-storey link houses on offer over the weekend launch.

Sime Darby Property general manager Mohd Idris Abdullah said the initial plan was to launch only 100 units of Phase 1 but due to the overwhelming response, the group has now decided to open up an additional 75 units of Phase 2 for Serenia Arina.

“We are excited by the overwhelming public response to Serenia Arina. This proves that demand for residential developments in Sepang remains strong despite the current market conditions,” he said.

“Strategically located in a well-planned suburb and well-connected by land, air, and rail, the township boasts plenty of essentials including hospitals, schools, shops and restaurants nearby,” Mohd Idris said.

Serenia Arina is a 22-acre (8.9ha) freehold development within the township that comprises 200 units of 22ft x 75ft double-storey link homes with built-up areas starting from 1,946 sq ft to 2,152 sq ft.

Slated for completion in August 2021, the development will see the 25 remaining exclusive residential units facing a six-acre lake in Aman South Park launched within the month.

The launch, which is in conjunction with the Spotlight 8 campaign, offers customers the opportunity to buy Sime Darby Property’s wide range of properties, including new launches, across all its townships in the Klang Valley, Negeri Sembilan, and Johor via Weekend Superdeals.

Spotlight 8 runs from July 13 to Sept 29, 2019, with superdeals and new launches happening every weekend throughout the campaign period.

Posted by 129055444514385 > 2019-08-23 15:25 | Report Abuse

institutional investors buy up soon :)

Monday, 29 Jul 2019

5:18PM SIMEPROP EMPLOYEES PROVIDENT FUND BOARD (34,004,196 units Transacted)


Thursday, 25 Jul 2019

5:05PM SIMEPROP EMPLOYEES PROVIDENT FUND BOARD (740,000 units Acquired)


Wednesday, 24 Jul 2019

5:16PM SIMEPROP EMPLOYEES PROVIDENT FUND BOARD (610,000 units Acquired)


Tuesday, 23 Jul 2019

5:25PM SIMEPROP EMPLOYEES PROVIDENT FUND BOARD (530,000 units Acquired)


Monday, 22 Jul 2019

5:09PM SIMEPROP EMPLOYEES PROVIDENT FUND BOARD (220,000 units Acquired)


Friday, 19 Jul 2019

5:49PM SIMEPROP EMPLOYEES PROVIDENT FUND BOARD (502,100 units Acquired)


Thursday, 18 Jul 2019

5:54PM SIMEPROP OTHERS


Monday, 15 Jul 2019

5:54PM SIMEPROP WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR


Friday, 12 Jul 2019

5:18PM SIMEPROP AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA (290,000 units Acquired)


Thursday, 11 Jul 2019

5:03PM SIMEPROP AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA (710,000 units Acquired)


Wednesday, 10 Jul 2019

5:25PM SIMEPROP AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA (3,000,000 units Acquired)


Tuesday, 9 Jul 2019

5:50PM SIMEPROP AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA (2,138,000 units Acquired)


Friday, 5 Jul 2019

5:08PM SIMEPROP EMPLOYEES PROVIDENT FUND BOARD (368,500 units Acquired)

Posted by 129055444514385 > 2019-08-23 15:26 | Report Abuse

before 5pm, i guess epf or amanah will rush in to grab again :)

Posted by 129055444514385 > 2019-08-23 15:31 | Report Abuse

for remembrance :)


Sime Darby Property Q1 net profit jumps more than 7-fold
to RM265 million
Ara Damansara, 29 May 2019 – Sime Darby Property Berhad has reported a net
profit of RM265.1 million for the first quarter ended 31 March 2019, a more than
seven-fold jump from the corresponding quarter a year ago, mainly due to improved
performances from the property development and property investment segments as
well as a gain on disposal of a Singapore property.
This was achieved on the back of RM575.1 million in revenue for the first quarter
period, a 2.8 percent increase from a year ago.
The Group completed the disposal of Darby Park Executive Suites in Singapore as
part of its non-core asset monetisation plan and recorded a gain of RM203.4 million.
Excluding the disposal gain, the Group registered an operating profit of RM70.1
million for the first quarter, a 64 percent improvement against the previous
corresponding period.
“This is a good start to the year. It is still a challenging market but we are executing
strategies to deal with it and we believe we’re on the right track. The strong reception
for our launches indicate that people are still willing to pay for quality products in
great locations and at reasonable prices,” said Acting Group Chief Executive Officer
Dato’ Wan Hashimi AlBakri Wan Amin Jaffri.
“Government initiatives like the Home Ownership Campaign (HOC) and other
incentives have certainly created some excitement in the market which is expected
to improve consumer sentiment further,” Wan Hashimi added.
Sime Darby Property has also recorded a Net Sales Value of RM403.1 million for the
first quarter, an increment of 57 percent from the same period a year ago. As at 31
March 2019, total unbilled sales stood at RM2.1 billion.
 For the first quarter ended 31 March 2019, the Group launched a total of 474 units,
with a combined Gross Development Value of RM362.8 million mainly in City of Elmina,
Bandar Universiti Pagoh, and Serenia City.
 The Group achieved a Net Sales Value of RM403.1 million, a more than 50 percent
jump YoY.
 Total unbilled sales was RM2.1 billion

Posted by 129055444514385 > 2019-08-23 15:32 | Report Abuse

EPF and Amanah are major sharholders , mau short sell pun susah, mereka loaded haha

Posted by 129055444514385 > 2019-08-23 15:33 | Report Abuse

bagus

First quarter period review
The Property Development segment’s profit more than doubled to RM71.8 million for
the period under review, mainly due to higher contribution from Bandar Bukit Raja,
Denai Alam, Nilai Impian townships and Cantara Residences in Ara Damansara,
mitigating the lower contribution from Elmina and Bandar Universiti Pagoh townships.
The Group’s share of results of joint ventures and associates have also improved to
a profit of RM1.8 million from a loss of RM19.0 million. This is mainly due to the
higher contribution from PJ Midtown Development Sdn Bhd and lower share of losses
from Battersea and Sime Darby Sunrise Development Sdn Bhd.
The Property Investment segment registered a profit of RM6.6 million compared with
a loss of RM3.2 million in the corresponding quarter previously. It benefitted from a
better performance in facility and asset management services, lower operating
expenses and improved occupancy at Melawati Mall of 84 percent compared with 78
percent in the previous corresponding quarter.

The Leisure and Hospitality segment recorded a lower loss of RM4.8 million as against
RM5.3 million in the previous quarter, mainly due to higher revenue from TPC Kuala
Lumpur.
Outlook for the rest of FY2019
The Malaysian economy, which is projected to expand between 4.3 percent and 4.8
percent in 2019, remains stable with domestic conditions supporting economic
growth.
Sime Darby Property is confident of achieving its sales target for the year following
the success of its marketing campaigns. The government’s effort to support the
industry with HOC 2019 have also provided a much needed boost for the property
market amidst the broad market slowdown.
In conjunction with the HOC, the Group had introduced its Primetime 8 Campaign,
which featured weekly launches in March and April. For the first three months of
2019, the Group had launched a total of 474 units, with a combined gross
development value of RM362.8 million and an additional 600 over units, worth more
than RM550 million in April 2019. This is in line with the Group’s launch target of
between RM2.0 to RM2.5 billion for the full year.
***ENDS***

Posted by 129055444514385 > 2019-08-23 15:34 | Report Abuse

About Sime Darby Property Berhad
Sime Darby Property is Malaysia’s largest property developer in terms of land bank with 20,374 acres
of remaining developable land. On the back of a successful 46-year track record of developing
sustainable communities, Sime Darby Property has to date built 23 active townships/developments with
a global reach that encompasses assets and operations across the Asia Pacific region and the United
Kingdom. In the UK, as part of a Malaysian consortium, Sime Darby Property is the developer of the
iconic Battersea Power Station project in central London.
Sime Darby Property is a multiple award-winning property group with numerous local and international
accolades. It is the first Malaysian property developer to be awarded the International FIABCI Prix
d’Excellence Awards twice for its Subang Jaya and UEP Subang Jaya townships. The company bagged
its 9th consecutive Gold at the Putra Brand Awards 2018 and its 6th consecutive Top 10 Developers
Awards at the BCI Asia 2015. Sime Darby Property has also been recognised as among the top
developers in Malaysia in the annual The Edge Top Property Developers Awards, a recognition which the
company consistently receives since 2009.
The company has a market capitalisation of RM6.94 billion as at 29 May 2019.
For more information, log on to www.simedarbyproperty.com

Posted by 129055444514385 > 2019-08-23 15:36 | Report Abuse

Outlook Remains Promising, Having Taken Firm Measures
and Supported by Positive Economic and Market Catalysts
Market
Opportunities
and Outlook
Steady Economic Outlook
• Malaysian economy expected to expand between
4.3% to 4.8% in 2019, higher than the global
growth forecast of 3.3% for 2019
• Private sector demand is expected to remain the
main driver of growth
Supportive Regulatory Developments
• Home Ownership Campaign 2019 and the introduction of stamp
duty waivers to assist in generating sales and clearing inventories
• National Housing Policy 2018 – 2025 with focus on improving
affordability and accessibility of quality housing
• Bank Negara Malaysia’s RM1 billion fund to assist the financing of
homes for low income groups

Posted by 129055444514385 > 2019-08-23 15:37 | Report Abuse

Strategic Focus in FY2019
• Target launches of RM2.0 –
2.5bn for FY2019
• Largely comprises of landed
properties (~40% of total)
• KL East: Target opening of
KL East Mall in 4QFY19
• Industrial: Embark on
Built-To-Suit facilities and
industrial parks, leveraging
on partnerships and
strategic land bank (e.g.
Bandar Bukit Raja, Nilai,
Serenia City)
• Pagoh Education Hub
(PEH): Strategic decision to
retain PEH is aligned with
the Group’s strategy to build
facilities management
services for recurring income
• Strategic turnaround of
the Leisure and Hospitality
units to optimise operational
excellence and cost reduction
Malaysia Vision
Valley 2.0: Focus on
the development of a
high-tech and industrial
park
Battersea Power
Station:
Smooth execution of
Phase 2 and Phase 3A
projects
Property
Investment
Property
Development
Leisure &
Hospitality
Strategic Monetisation of non-core assets:
• Land bank of ~320 acres in FY2019
• Investment properties /leisure and hospitality assets

Posted by 129055444514385 > 2019-08-23 15:38 | Report Abuse

Continuous Marketing Efforts to Maintain
Momentum of High Sales
PRIMETIME 8
8
New projects
launches
including dto
platform
>1,100
units booked
77%
Average take-up
throughout
campaign
 K e y p r o d u c t h i g h l i g h t s :
o Elsa (Bandar Bukit Raja), the first product
under the Affordable Collection and Elmina
Valley 5a, recorded 100% & 98% take-up
rates respectively on its launch day
o The Ridge in KL East, also enjoyed a strong
take up of more than 70%
 K e y c a m p a i g n h i g h l i g h t s :
o The Pop Raya 2019 Campaign will
continue to help the Group maintain its
momentum of high sales and take-up of its
products in the coming quarters

Posted by 129055444514385 > 2019-08-23 15:38 | Report Abuse

A new verb in the Property Industry
INDUSTRY Transport
-ation Banking Communication GPS Property E-wallets Food
Delivery
Entertain
-ment Hotel Shopping
PLATFORMS
2 Residential High-Rise Projects currently on the dto platform
dto_001
• Subang Jaya, Freehold
• Target Launch for Sale :
August 2019
• Within walking distance
to Empire Shopping
Gallery
dto_002
• Putra Heights, Freehold
• Target Launch for Sale :
Early 2020
• Within walking distance to
Putra Heights LRT Station
dto_003
• Coming soon
• Landed

Posted by Good123 > 2019-08-23 16:00 | Report Abuse

Sime Darby Property Bhd
(July 22, RM1.02)
Maintain buy with an unchanged target price of RM1.14: We are positive on Sime Darby Property Bhd’s near-term prospects after a recent meeting with the management.

The group’s financial year ending Dec 31, 2019 (FY19) sales target of RM2.3 billion remains intact, while the monetisation of low-yielding and non-core assets is also on track.

We were also encouraged by the management’s efforts to expand its recurring income base through the development of built-to-suit industrial space, which is less competitive compared with other commercial sub-sectors such as retail and office space.

While first quarter ended March 31, 2019 (1QFY19) sales of RM403 million only accounted for 18% of the management’s sales target of RM2.3 billion, the management believes the sales target is on track, benefitting from the group’s ongoing marketing efforts and the government’s homeownership campaign.

The group has lined up about RM1.7 billion worth of launches from May to December 2019, concentrating on landed residential properties within the affordable to medium price range (RM500,000 to RM700,000).

During the meeting, the management reiterated the group’s focus to adopt an active land bank management practice, given its sizeable undeveloped land bank.

It will enhance the role as a master developer for faster turnarounds of future developable land bank of about 8,400 acres (3,399ha).

In addition, the group plans to expedite the disposal of several non-strategic land parcels, in line with its asset monetisation initiatives.

For the remainder of the year, the management expects to conclude the sale of small parcels of land in U-Thant, Kuala Lumpur and Pulau Tikus, Penang (about 20 acres in total).

The group will continue to unlock the value of its non-core assets, and reinvest and expand its recurring income asset portfolio, particularly managed industrial parks.

Capitalising on strong demand for industrial properties, the management has identified strategic locations for industrial developments within the group’s key townships, such as Bandar Bukit Raja in Klang, Serenia City in Sepang and Nilai, Negeri Sembilan.

Over the long term, the reinstatement of the East Coast Rail Link and potential revival of Kuala Lumpur-Singapore high-speed rail (HSR) would also benefit Sime Darby Property’s land bank near/along the proposed stations of the rail alignment.

Meanwhile, the Malaysia Vision Valley 2.0 (MVV 2.0), which is now a state-led private sector-driven development, was officially launched by the menteri besar of Negeri Sembilan on Dec 13, 2018.

Sime Darby Property currently owns about 2,838 acres of land within MVV. The group will have access to a further 8,793 acres of land via the MVV option agreement with Sime Darby Bhd.

Being a master developer of MVV, the management is accessing various options to develop the land, including looking for joint-venture partners and/or developing the land on its own gradually.

Should the HSR being revived, we believe MVV would return to the radar of local and foreign investors. — TA Securities, July 22

Posted by Good123 > 2019-08-23 16:33 | Report Abuse

https://www.scmp.com/news/asia/southeast-asia/article/3023699/protest-push-factor-sees-surge-hong-kong-applications

Posted by Good123 > 2019-08-23 16:44 | Report Abuse

Substantial Shareholders as per the Register of Substantial Shareholders

No. Name of Shareholders No. of Shares Held (Direct Interest) % of Issued Shares No. of Shares Held (Indirect/Deemed Interest) % of Issued Shares
1 Amanahraya Trustees Berhad - Amanah Saham Bumiputera 2,983,811,600 43.87 - -
2 Employees Provident Fund Board 696,491,110 10.24 61,376,400 0.90
3 Permodalan Nasional Berhad 355,183,892 5.22 - -
4 Yayasan Pelaburan Bumiputra - - 355,183,8921 5.22Note:
1 Deemed interested by virtue of its interest in Permodalan Nasional Berhad pursuant to Section 8 of the Companies Act 2016.

Posted by Good123 > 2019-08-23 16:44 | Report Abuse

Cash rich rm700mil + cash & cash equivalents @31.3.2019

Posted by Good123 > 2019-08-23 16:45 | Report Abuse

56.6%
PNB

EPF
11.1%
EPF

KWAP
4.8%
KWAP

FREE FLOAT
27.5%
FREE FLOAT

Posted by Good123 > 2019-08-23 16:47 | Report Abuse

Foreign Shareholding 13.75% 30.7.2019

Posted by 129055444514385 > 2019-08-25 15:27 | Report Abuse

once in a life time opportunity :) those scare here and there... boleh simpan duit dalam FD

Sime Darby Property was created through the integration of the property arms under the former Golden Hope Plantations Berhad, Kumpulan Guthrie Berhad, and Sime Darby Berhad. Apart from its 20,763 acres of landbank spanning from Selangor to Johor, Sime Darby Property also has assets and operations across the Asia Pacific region and the United Kingdom. . It is one of the largest property developers in the country by revenue and gross development value of current projects.

Posted by 129055444514385 > 2019-08-25 15:28 | Report Abuse

agreed wholeheartedly with you... simeproperty is a good buy... Amanah and EPF sapu non-stop... after declaring another profitable quarter with dividend, the share price will reboundly strongly.... simprop is global property player , not just a local company,

Posted by 129055444514385 > 2019-08-25 15:29 | Report Abuse

really good upswing gain :)

52 Weeks Range: 0.845 - 1.28
52 Weeks Price Volatility (%):
2.30%
Average Price Target: 1.11
Price Target Upside/Downside: +0.255

Posted by 129055444514385 > 2019-08-25 15:37 | Report Abuse

NEW CFO & CEO for Sime Property like FGV too this year :)


By FARAH AISYAH

Sime Darby Property Bhd has appointed Betty Lau Sui Hing (picture) as its new group CFO effective April 1, 2019.

She succeeded Datuk Tong Poh Keow who retired from the position on March 31, 2019.

“We are pleased to welcome Lau to the Sime Darby Property family. Her wealth of knowledge and experience will definitely strengthen our senior management team considerably,” Sime Darby Property COO Datuk Wan Hashimi AlBakri Wan Ahmad Amin Jaffri said in a statement yesterday.

As the new group CFO, Lau will oversee the full spectrum of financial management of the group, primarily providing strategic financial leadership and support to the senior management and the board, implementing transformation initiatives across all business segments for better efficiency.

Prior to joining Sime Darby Property, Lau was the CFO of Malaysia Land Sdn Bhd, Hatten Land Ltd and IOI Properties Group Bhd.

She is a Fellow of the Association of Chartered Certified Accountants, a member of the Malaysian Institute of Accountants and a member of the Institute of Chartered Secretaries and Administrators.

Lau’s appointment is part of the group’s effort to strengthen its senior management team and position the company for future growth.

Wan Hashimi AlBakri, who has been with Sime Darby Property for almost 15 years, was the former CEO of Ne-
gara Properties (M) Bhd which is now part of the group as well.

He will assume the acting group CEO position effective May 3, 2019, following the resignation of Datuk Seri Amrin Awaluddin.

In an exchange filing earlier this month, the board of directors accepted the early cessation of Amrin’s employment contract.

Amrin was appointed as a director of the company on July 12, 2017, before being appointed as the group MD on Aug 24, 2017.

He also sits on the board of Taliworks Corp Bhd and CIMB Bank Bhd. He will cease as a member of the board tender committees with effect from May 3, 2019.

The board tender committees comprises Tengku Datuk Seri Ahmad Shah Alhaj ibni Almarhum Sultan Salahuddin Abdul Aziz Shah Alhaj as the chairman; Datuk Jaganath Derek Steven Sabapathy; Datuk Seri Ahmad Johan Mohammad Raslan and Rizal Rickman Ramli as the members.

Posted by 129055444514385 > 2019-08-25 16:51 | Report Abuse

Downgrade to MARKET PERFORM (from OP) on an unchanged TP of RM1.10. Our TP is based on an implied 66% discount to its FD SoP of RM3.24. Our discount is in line with peer SPSETIA, with its valuation pegged closer to the -2.0SD level, given expected thin ROE of 4-5% in FY19-20. We are comfortable with our call as its share price has increased by 9.3% since our OP call in our report dated 24th May 2019, “Delays at Battersea?”, while we believe we have accounted for most foreseeable earnings risk as well as upsides. Additionally, note that our FY21E earnings which accounts for potentially more conservative takeup rates at Battersea Phase 2 and 3a, implies a target PER of 15x on FY21E EPS, close to its peer - SPSETIA’s - implied FY21E PER of 14x (-1.0SD level to our Fwd. 7-year average PER).

Source: Kenanga Research - 31 May 2019

Posted by pilato > 2019-08-27 11:11 | Report Abuse

continue drop everyday

Posted by pilato > 2019-08-27 14:31 | Report Abuse

die oredi this counter

Posted by Scavenger23 > 2019-08-27 14:48 | Report Abuse

why drop 99 from 1 to 0.7++

Posted by pilato > 2019-08-27 16:56 | Report Abuse

Q2 result really that bad?

Posted by from1to10 > 2019-08-27 17:34 | Report Abuse

what happened .. insider move?

Posted by Nepo > 2019-08-27 19:13 | Report Abuse

Oh my god, drive into the drain

Posted by Xia Yidao > 2019-08-27 22:34 | Report Abuse

Anyone know what happened? Please tell us why drop so much. Thanks

Posted by lamy92 > 2019-08-27 23:50 | Report Abuse

Buy backk.. This counter change CEO

Posted by Nepo > 2019-08-28 08:54 | Report Abuse

Any bad news? I think is not not due to bad quarterly result ...

Posted by Scavenger23 > 2019-08-28 17:47 | Report Abuse

QR not bad, topup twice hope will back to rm1

Posted by tomanhead > 2019-08-28 18:31 | Report Abuse

Got dividend

Posted by pilato > 2019-08-28 19:13 | Report Abuse

got dividen 1% only

Posted by pilato > 2019-08-28 19:15 | Report Abuse

https://www.theedgemarkets.com/article/sime-darby-propertys-profit-quadruples-2q-declares-1-sen-dividend

Posted by Good123 > 2019-08-28 20:44 | Report Abuse

Will fly tomorrow

KUALA LUMPUR (Aug 28): Improved contribution from its property development segment boosted Sime Darby Property Bhd's earnings by more than four-fold to RM205.26 million in the second quarter ended June 30, 2019 (2QFY19) against RM46.57 million a year ago.

Earnings per share rose to 3 sen, from 0.7 sen last year, according to a filing to Bursa Malaysia today.

The property developer has declared a first interim single tier dividend of one sen per share for the financial year ending Dec 31 (FY19), payable on Oct 22. In comparison, the company paid three sen per share in the same period last year.

Revenue was 40.26% higher at RM865.9 million, versus RM617.37 million in 2QFY18.

For the cumulative six months, net profit surged more than five-fold to RM470.33 million, against RM80.24 million in the same period last year, while revenue jumped 22.45% to RM1.44 billion, from RM1.18 billion a year ago.

The developer attributed higher earnings in the first half to one-off gains derived from the disposal of properties in Singapore amounting to RM208.8 million. For instance, the preceding quarter had included disposal gains on Darby Park Executive Suites in Singapore of RM203.4 million.

Sime Darby Property said the group's future prospects are underpinned by its continuous commitment to grow core profit, reduce inventories, and to maintain its sales momentum.

In 1HFY19, it achieved sales of RM1.4 billion, with total unbilled sales of RM1.5 billion.

The group targets to launch new properties from its Affordable Collection of below RM500,000 per unit, as well as mid-range products of RM500,000 to RM800,000, via the ongoing Spotlight 8 Campaign.

"The group is committed to its SHIFT20 transformation plan to expand into the key growth sector of industrial and logistics development to increase its profit and recurring income base.

"This will focus on build-to-suit and lease assets as well as managed industrial parks in City of Elmina, Bandar Bukit Raja, Serenia City, Malaysia Vision Valley 2.0 and Kota Elmina," it said.

To actively manage its land bank, the group is pursuing monetisation of non-core strategic land to unlock value from its sizeable land bank.

The board of directors expect FY19 results to be satisfactory, barring unforeseen circumstances.

Sime Darby Property closed one sen or 1.27% higher at 80 sen today, valuing the company at RM5.44 billion. Over the past year, its share price has shrunk by a third from RM1.21.

Posted by Good123 > 2019-08-28 20:46 | Report Abuse

Good move.


To actively manage its land bank, the group is pursuing monetisation of non-core strategic land to unlock value from its sizeable land bank.

Posted by tomanhead > 2019-08-28 21:08 | Report Abuse

tomorrow JUMP !!!

Posted by Jeffreyteck > 2019-08-28 21:32 | Report Abuse

1 cent dividend, or assume 2% yearly, take 40 years to get back capital. Uum, that is good one. Management all rich within one year. Anyway, good opportunity for trading.

Posted by Good123 > 2019-08-29 10:33 | Report Abuse

Rising rigorously now

Posted by kslee81 > 2019-08-29 13:39 | Report Abuse

Coming.....

Posted by LaksaBoy > 2019-08-30 14:08 | Report Abuse

rebound

Posted by MACC_jangan_tidur > 2019-09-05 11:52 | Report Abuse

Trash company why big funds must buy? Got bribery by managements?

Posted by MACC_jangan_tidur > 2019-09-05 11:53 | Report Abuse

1 sen dividend TP 30 sen only.

Posted by Scavenger23 > 2019-09-05 15:41 | Report Abuse

Big block at 0.86 seems they want to collect as much as possible

Posted by Wing23 > 2019-09-12 15:59 | Report Abuse

changing hand inside good QR also cant up

Posted by cwk82 > 2019-09-13 06:49 | Report Abuse

Too bad.