Posted by cwk82 > 2018-10-19 13:02 | Report Abuse

Any latest news? Seem like not bad today.

Posted by Friendship > 2018-10-24 20:18 | Report Abuse

Sime property easily can surge to above 2 over medium to long term

Posted by jnal > 2018-10-25 17:02 | Report Abuse

bloody day for all counter..what happen to klci..

Posted by Friendship > 2018-10-25 20:09 | Report Abuse

Luckily I didn’t buy yet

Posted by Friendship > 2018-10-25 23:39 | Report Abuse

Panic buying tomorrow
Pls don’t surge too high before I buy

Posted by Abang Mad > 2018-10-26 13:25 | Report Abuse

buy...buy...n buy...

Posted by pilato > 2018-10-29 11:38 | Report Abuse

stupid counter,always drop n no up

Posted by Friendship > 2018-10-29 17:20 | Report Abuse

No drop how to buy? Haha

Posted by jnal > 2018-10-29 18:26 | Report Abuse

Budget coming..all glc counter effected..cut loss..even losses..very hard to recover.. foreign already cabut loo...I know friendship already sell b4 the price drop..he3.. tomorrow drop again..u can see..

Posted by Friendship > 2018-10-29 19:10 | Report Abuse

I’ve bought some, around 20% of intended value and will buy more if drop more. Hard to find such values in the market. With PNB and EPF as major shareholders, the counter is well supported. Hold for 3-5 years, easily can double our investment.

Posted by jnal > 2018-10-29 19:52 | Report Abuse

That's true..but new government very hard to say.LGE always say rugi2..investor also takut..lari liooo.

Posted by jnal > 2018-10-29 19:58 | Report Abuse

Also hope this counter fly after new year..topup n close the eyes..coz pnb n epf every day topup..mayb good sign..

Posted by Friendship > 2018-10-29 21:51 | Report Abuse

Lge and dr m r super smart guys
They r playing reverse psychology, I bet that market will rally after budget announcement
US market will rebound also

Posted by Friendship > 2018-10-30 10:37 | Report Abuse

王建民:预算案料捎佳音
50万及以下房贷料放宽
http://www.enanyang.my/?p=1129519

Posted by Ck Sui > 2018-10-30 16:32 | Report Abuse

New low everyday

Posted by jnal > 2018-10-31 18:57 | Report Abuse

Good sign for rebound.. tomorrow TP 1.00..keep topup n waiting..

Posted by Friendship > 2018-11-02 21:49 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/11/02/budget-2019-responses-from-the-banking-sector/

In MayBank CEO’s view, property sector benefit the most from this 2019 budget

Posted by trulyinvest > 2018-11-02 22:11 | Report Abuse

Mana ada good news. In fact many developer oredi ofer free stamp duty for snp n loan n mot even b4 budjet. Doesnt entice me to buy for investment. Somemore got rgpt. Skrg mana ada property less than 500k? Adalah mayb ulu ulu place

Posted by Dondon > 2018-11-02 22:17 | Report Abuse

Mahsing said most of their unit are below 500K ,haha, Ulu or not i not sure

Btw , 1% tax reduce for SME are good news for upper m40 ppl
and these people are always sime darby targeted buyer

If really want to say 2019 budget is good for simeprop,
this is the only indirectly good things i can think about

Posted by trulyinvest > 2018-11-02 22:22 | Report Abuse

Mana ada rm500k below, one bedroom condo unit mayb la. Sime property house sikit sikir rm700k above

Posted by Friendship > 2018-11-03 06:46 | Report Abuse

Trulyinvest

Last time developers have to use own money to absorb stamp duty for buyers. Now government waive stamp duty up to 1 million, developers no need pay so their profit will increase la

5% Rpgt means property price will increase la coz all sellers sure top up price by at least 5% and pass the cost to buyers

Same as 1% stamp duty increase for property price above 1mil

Posted by dompeilee > 2018-11-03 09:53 | Report Abuse

Zeti looks a wee bit distracted during AGM : https://www.youtube.com/watch?v=2hGiuUMw9ik

Posted by trulyinvest > 2018-11-03 10:05 | Report Abuse

This budget definitely not benefit investor. But only a certain extent to first time buyers. How many first time buyers aford to buy property above rm500k? Even got property below rm500k, it is either condo unit wuth one bedroom or landed with ulu ulu place. U can c gamuda cove, a totaly new township in ulu ulu place oso more than 600k for landed house. Ioi ceo oredi said house px they wont drop, instead increase. Kikiki. All big property names like ecowrld tropicana ijmland uem etc.. all house sikit sikit more,than rm700k. It is not like when tax holiday, when luxury cars merz bmw oso drop px, many ppl rush to buy

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Posted by trulyinvest > 2018-11-03 10:07 | Report Abuse

Developer no need,to absorb stamp duty is one,thing. Wethet it atract investor to buy is another thing. Since b4 the budjet, there oredi got tis kind of freebies, to me there is nothing neW. Worse, now got rpgt

Posted by Friendship > 2018-11-03 17:35 | Report Abuse

Do u know that cagamas will guarantee 20% of bank loans? Banks’ risk exposure will be reduced and hence will be more willing to extent financing to borrowers. More liquidity means better property sales and developers set to benefit greatly from this. Also, higher DSR of 70% for loan application means easier to get home loans as well.!

Posted by trulyinvest > 2018-11-03 18:08 | Report Abuse

Senang senang u cakap bank aprove loan. Nanti x mampu bayar instalment, siapa cover? U jadi guarantor?

Posted by trulyinvest > 2018-11-03 18:10 | Report Abuse

Nak pinjam kasi u pun kena tengok kemampuan u... gaji rm4k nak beli rumah rm800k? X ada cermin pun kena pakai ait temgok muka bodoh kau

Posted by Friendship > 2018-11-04 14:00 | Report Abuse

https://www.edgeprop.my/content/1441108/budget-2019-property-sector-biggest-winner-budget-2019-says-maybank-chief

Posted by jnal > 2018-11-08 09:23 | Report Abuse

side way for this week??

Posted by Dakewlest > 2018-11-12 18:36 | Report Abuse

Fund house keep buying simeprop

Posted by jnal > 2018-11-13 15:28 | Report Abuse

that means this counter so value..over sale..this disember time to rebound..

Posted by Abang Mad > 2018-11-22 08:01 | Report Abuse

Yup...Dec will fly back

Posted by beso > 2018-11-27 20:01 | Report Abuse

SIMEPROP reported 93% drop in quarter end 30 sept 2018
habislah
sure drop

Posted by Friendship > 2018-11-27 21:50 | Report Abuse

Revenue was little changed at RM480mil, the company said in a filing with Bursa Malaysia today.

The weaker performance was largely due the share of loss of Battersea of RM5.7mil against a profit of RM86.8mil a year ago, as well as the lack of several one-off gains that boosted its results previously.

“Excluding the share of results of joint ventures and associates, property development performance registered a marked increase of 69.6% mainly contributed by higher sales and development activities at Serenia City and Denai Alam townships, Cantara Residences and Melawati Corporate Centre,” it said
Read more at https://www.thestar.com.my/business/business-news/2018/11/27/sime-darby-property-to-reduce-prices-of-unsold-units/#KfE1QAaqM489e6T6.99

Posted by tikuj > 2018-11-28 08:08 | Report Abuse

the star headline: Sime Darby Property to lower prices of unsold units

Read more at https://www.thestar.com.my/business/business-news/2018/11/27/sime-darby-property-to-reduce-prices-of-unsold-units/#QRMRR14qipQ3qd3C.99

Posted by Dakewlest > 2018-12-02 18:13 | Report Abuse

Any window dressing expected for this stock, like last year??

Posted by Friendship > 2018-12-03 11:42 | Report Abuse

I notice that EPF, PNB and other mega size GLCs have been collecting at this low prices. I think we just follow buy and keep for couple of months I believe price can go up towards its fair value of RM2.00!

Posted by Dakewlest > 2018-12-03 18:10 | Report Abuse

ASB always buy this stock...

Posted by Dakewlest > 2018-12-07 18:20 | Report Abuse

ASB bought again

Posted by jnal > 2018-12-08 13:16 | Report Abuse

30Nov2018-BlackRock already pum in 3.68M..

Posted by commonsense > 2018-12-10 09:20 | Report Abuse

I think the main issue of the company is its valuation. 9m18 PATAMI is only RM110mil. Even if they managed to end FY18 result with a profit of RM200mil (4Q profit need to be around RM90mil more than triple that of the most recent quarter), at the current share price the company is still valued at 35x PE. At this valuation, investors would normally asked for higher sustainable profit growth ( and not declining profit as what Sime Property is facing).

The management strategy to hold off or slow down new launches and focusing on clearing existing high inventory level (4,469 unsold units) by lowering the selling price and intensifying the marketing promotion is logical. However i am worried of the side effects of this strategy such as the compression of profit margin. That being said, if the volume is high enough and can spur profit growth, it will still be a positive thing for investors.

The other negative side effect is on the future perception of Sime Darby projects going forward. Imagine you are one of the earliest buyer of its project. You paid RM800k for your unit. After 2 years holding to your property you would have thought that the property price would have increase or at least remain the same. But now suddenly the unsold property next to your unit is currently being sold at RM750k (since Sime Property is giving discounts). You would be quite devastated to learn this. If Sime Property starts giving off discounts to most of its unsold property, in the future, instead of buying or booking units for newly launch property, people would just wait for Sime to start lowering their prices later. This has a longer term effects on the companies appeal to the market in the future. Which in the end will effect the profit margin and growth.

I think if you are interested in investing in the property industry stocks, you can actually find a lot of other companies that currently trades at lower valuation, in most cases below 10x PE and below 1x BV. There are even certain companies that can actually provide profit growth for FY19.

If you are already invested, better diversify your position a bit given that the current high valuation that the company is trading at. If the company fails to record meaningful growth in FY19, most investors would most probably shift some of their portfolios to other companies.

For those looking to divest some of their portfolio outside of the Property industry, I would recommend them to look at MBMR (https://klse.i3investor.com/servlets/stk/pt/5983.jsp).' target='_blank'>https://klse.i3investor.com/servlets/stk/pt/5983.jsp).

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.0x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Hope Sime Property can proof me wrong and deliver the profit growth that the investors are hoping for.

Good luck.

Posted by Friendship > 2018-12-10 17:18 | Report Abuse

Profit fell short but sales in line
SDPR’s 15MFY12/18 net profit of MYR629m was below our expectation.
Note that SDPR has changed its financial year end to Dec (from June;
18M for FY18). July-Sep 2018 property sales of MYR712m were however
in line. We lower our earnings forecasts by -19% to -31% and our RNAV-TP
to MYR1.25 (-27sen) on a lower 0.45x P/RNAV peg, which is in line with
another government-linked developer, UEMS. Maintain BUY.

Posted by Friendship > 2018-12-10 17:21 | Report Abuse

Value Proposition
 One of the largest developers and land sellers in Malaysia.
 It has a total remaining landbank of 20,572 acres
throughout Malaysia. The bulk of it is located in the Klang
Valley (the main property market) followed by Negeri
Sembilan, Johor and elsewhere in Malaysia.
 Focus is on township development. Its low land cost
provides some product and pricing flexibilities.
 Over the last few years, earnings were boosted by land/
asset sales, hence, the volatility in profit margin.
 Strong backing from Permodalan Nasional Bhd (PNB).

Posted by Friendship > 2018-12-10 17:22 | Report Abuse

Volatile earnings trend due to: 1) asset/land sales, and 2)
lumpy earnings recognition from its 40%-owned Battersea
Power Station project in London.
 SDPR has a dividend payout policy of 20% of net profit. Net
gearing was healthy at 0.21x in end-Sep 2018.
 SDPR has set a sales target of MYR1b for July-Dec 2018

Posted by Friendship > 2018-12-10 17:22 | Report Abuse

Upside
 Higher-than-expected land/asset sales.
 Stronger-than-expected take-up rates for its ongoing and
new projects.
 Better-than-expected operating margin.
 RNAV-accretive land acquisition.

Posted by Friendship > 2018-12-10 17:22 | Report Abuse

Target price of 1.25 coming soon

Posted by Friendship > 2018-12-10 17:33 | Report Abuse

Outlook for remaining 3 months of Financial Period Ending 31 December 2018 (FP2018)

Sime Darby Property is on track to meet its targets of Sales and Unbilled Sales for FP2018 of RM1.0 billion and RM2.2 billion, respectively. A total of 800 – 1,150 property units with a combined estimated GDV of about RM600 – RM650 million are targeted to be launched for the remaining three months of FP2018, comprising mainly properties within the affordable to medium price range.

“The recent Budget 2019 announcement contained measures that have provided more clarity on the property market and affordability aspect. This included stamp duty exemptions for residential properties priced between RM300,000 to RM1 million and financing assistance for first-time home buyers from Bank Negara Malaysia.

“We are cautiously optimistic on the sector’s outlook as the Budget measures will also benefit our potential buyers; about 58% of our launches in FY2018 were priced strategically in the range of RM200,000 to RM800,000 per unit, mainly from the Rumah Selangorku project at Putra Heights and double-storey landed properties at Elmina West, Bandar Bukit Raja and Serenia City,” Amrin said.

Posted by jnal > 2018-12-13 20:43 | Report Abuse

https://www.bharian.com.my/bisnes/hartanah/2018/12/508725/sime-darby-property-berhad-pemaju-induk-mvv-20

Posted by dompeilee > 2018-12-14 20:18 | Report Abuse

Chance to selfie with Zeti, but I didn't take it lol : https://www.youtube.com/watch?v=2hGiuUMw9ik&t=4s

Posted by Friendship > 2018-12-17 09:16 | Report Abuse

Wow Simeprop suspended pending major announcement