Posted by pang72 > 2 months ago | Report Abuse

MUIPROP up 44% to 35c

Posted by pang72 > 2 months ago | Report Abuse

Crazy property liao lo

Posted by pang72 > 2 months ago | Report Abuse

SIMEPROP is the largest property company in malaysia in land bank 15k acres.. which I like because land is precious now.
Most mid cap property company like KSL, scientek has to buy land from spsetia, UEMS or SIMEPROP to continue their businesses.

One day, Simep stops selling land then they will be in trouble or to get expensive land..

Posted by kahfui1221 > 2 months ago | Report Abuse

Rally for property sector today, nice

Posted by pang72 > 2 months ago | Report Abuse

$1.69 up 10c close at 52wks high..

Awesome!

Posted by pang72 > 2 months ago | Report Abuse

https://www.edgeprop.my/content/1909986/us-data-centre-firm-equinix-invests-rm23m-expand-capacity-malaysia

DC theme never ending...
Equinix bought 3.5acres land for $23mils

Posted by pang72 > 2 months ago | Report Abuse

Selangor land as precious as Johor now

Posted by pang72 > 2 months ago | Report Abuse

What is sumeptoperty land worth if sell every inches for DC?
$13/shares...

However, Simep at $1.69 today!

Undervalue? You think

Posted by kahfui1221 > 2 months ago | Report Abuse

With earnings growth that's superior to most other companies of late, Sime Darby Property has been doing relatively well. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E.

Posted by Invest_888 > 2 months ago | Report Abuse

If HSR from KL to Singapore is approved this year, the massive land bank of Simeprop in SEREMBAN, district of Labu/Nilai, which the HSR Seremban station is located should be benefited significantly.

Posted by tatwaiwong > 2 months ago | Report Abuse

simeprop landbank more nice in hsr is pagor place landbank only

Posted by kahfui1221 > 1 month ago | Report Abuse

Small drop only for simeprop. No need to worry

Posted by Arun008 > 1 month ago | Report Abuse

so much drop

Posted by kahfui1221 > 1 month ago | Report Abuse

How are you doing comrades ... Still holding or cut loss alrdy ?

Posted by Invest_888 > 1 month ago | Report Abuse

Many cut loss. blue chip stocks dropped more than 10%.

Posted by speakup > 1 month ago | Report Abuse

GAME OVER!
time to go back to the real Casino at Genting Highlands, enjoy nice weather and BFM (Bet For Malaysia)

Posted by Jaeger > 1 month ago | Report Abuse

Wow, what a bloodbath! Japan yen carry disaster is being blamed.

Posted by mf > 1 month ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

38,703.27

-1,033.99

2.60%

Nasdaq

NASDAQ Composite

16,200.08

-576.08

3.43%

Posted by chopstick > 1 month ago | Report Abuse

😀

Posted by kahfui1221 > 1 month ago | Report Abuse

SimeProp is one of the MVP stocks today 😃

Posted by DreamGuardian > 1 month ago | Report Abuse

aah, MVP or MPV?

Posted by kahfui1221 > 1 month ago | Report Abuse

What does MPV stand for ?

Posted by SteadyT > 1 month ago | Report Abuse

What's happening today? Dropped 6%

Posted by SCM2023 > 1 month ago | Report Abuse

Few brokering houses recommended this counter. What went wrong?

Posted by lionel messi > 1 month ago | Report Abuse

Almost all property stocks suddenly got sold down today. What's the story?

Posted by SteadyT > 1 month ago | Report Abuse

Not really. Gamuda and IJM are fine

Posted by Investorrr > 1 month ago | Report Abuse

could be dragging down by issues Battersea Power Station JV in.UK with Sp setia

Posted by Investorrr > 1 month ago | Report Abuse

Malaysian consortium, comprising S P Setia Bhd, Sime Darby Property Bhd and the Employees Provident Fund (EPF), together with the support of other private and public sector stakeholders were the key drivers in helping the iconic power station roar back to life.

It wasn’t an easy task, of course. Battersea Power Station was purchased by the current shareholders in 2012. A complex transaction, it took 18 months and involved a team of hundreds, including advisers, financiers and solicitors, before the deal was sealed.

Posted by SCM2023 > 1 month ago | Report Abuse

I believe this is primarily a technical correction for this counter. The correction should be short-lived, and the stock price should resume its upward trajectory with the anticipated strong upcoming earnings.

Posted by abcb > 1 month ago | Report Abuse

Temporary overvalued and overbought

Posted by SCM2023 > 1 month ago | Report Abuse

We will see ATH soon

Posted by kahfui1221 > 1 month ago | Report Abuse

Looks like the market has digested the negative performance of Battlesea project. good good

Posted by HugoUPUPUP > 1 month ago | Report Abuse

Still not stable, when can break 1.60 again?

Posted by edcheong > 1 month ago | Report Abuse

Why no trades allowed today on this counter?

Posted by edcheong > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/08/22/sime-darby-property-achieves-rm28554mil-net-profit-in-1h-sales-of-rm21bil

Posted by Damn > 1 month ago | Report Abuse

Great QR!

Posted by HugoUPUPUP > 1 month ago | Report Abuse

Open high close low, many people sold for great QR?

Posted by Mabel > 1 month ago | Report Abuse

Investorrr could be dragging down by issues Battersea Power Station JV in.UK with Sp setia
15/08/2024 12:28 PM

Between SP Setia and Sime Darby Property, SP Setia has been more affected (shares drop by more than 15%) than Sime Darby Property (drop by 2%) in the Battersea project:

Income Guarantee Agreement: SP Setia’s joint venture agreement for an office tower in Battersea Power Station included an income guarantee for a period of five years. Due to soft market conditions and low occupancy rates, the joint venture reported a significant loss of RM125 million. This agreement has had a more immediate and substantial financial impact on SP Setia compared to Sime Darby Property.

Higher Interest Rates: The higher interest rates in the UK have increased the project’s interest payments, further impacting SP Setia’s financial performance.

Market Reaction: The market reacted strongly to SP Setia’s financial results, leading to a steep decline in its share price by more than 15%, which triggered a suspension of short selling. This sharp decline indicates a lack of investor confidence, exacerbating the impact on SP Setia.

Accounting Impact: While both companies faced accounting impacts due to the International Financial Reporting Standards (IFRS), SP Setia’s losses from the joint venture were more pronounced.

In contrast, Sime Darby Property has managed to maintain a more stable financial performance, partly due to its diversified portfolio and strategic initiatives that have helped mitigate the impact of the Battersea project.

To Our Success !

Meow

Posted by Mabel > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/08/22/malaysia-shines-as-foreign-investors-return-peers-stumble?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20240823&__sta=vhg.uosvpxQddhqne.jsu0sv%7CIFFUJVQ&__stm_medium=email&__stm_source=smartech

The stock benchmark KLCI has risen more than 12% this year on the back of an AI-driven data center boom, outperforming the 6% rise in the MSCI Southeast Asia index .

Posted by Mabel > 1 month ago | Report Abuse

Sales in January-June rose 40% to RM2.1 billion and the company now expects to sell RM3.5 billion worth of properties by the end of December, Sime Darby Property said in a statement following its latest quarterly results announcement. That compares to its earlier forecast of RM3.0 billion for 2024.

The company “is on track to meet its FY2024 targets, bolstered by a strong first half performance”,

Posted by Mabel > 1 month ago | Report Abuse

Sime Darby Property Berhad Announces First Interim Single Tier Dividend for the Financial Year Ending 31 December 2024, Payable on November 6, 2024
Sime Darby Property Berhad announces First interim single tier dividend of 1.5 sen per ordinary share in Sime Darby Property Berhad for the financial year ending 31 December 2024. Ex-Date 14 October 2024, Entitlement date 15 October 2024 and Payment Date 06 November 2024.

Posted by Mabel > 1 month ago | Report Abuse

Sime Darby Property Bhd expects the occupancy rate for Phase 3B of Battersea Power Station in the UK to rise to 50-80% by next year, up from 20% currently and announced First Interim Single Tier Dividend for the Financial Year Ending 31 December 2024, Payable on November 6, 2024.

Posted by joni > 1 month ago | Report Abuse

tomorrow moved 10 sen

Posted by kahfui1221 > 1 month ago | Report Abuse

Sime Darby Property unveils commercial heartbeat of City of Elmina. Beautiful

https://theedgemalaysia.com/node/722978

Posted by Ninja _07 > 1 month ago | Report Abuse

All Property counters down

Posted by HugoUPUPUP > 1 month ago | Report Abuse

wtf, why epf keep selling?

Posted by kahfui1221 > 1 month ago | Report Abuse

Local funds are like that, sell when foreign funds are buying 😗

Posted by Ayie1983 > 4 weeks ago | Report Abuse

Lol, buyers need sellers la bro...foreign buy from local fund

Posted by Kim > 3 weeks ago | Report Abuse

RM1.45
RM1.50

Posted by Kim > 3 weeks ago | Report Abuse

Go cross 1.40 first.
Later sure good once done.