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[公司专区] 5148 UEMS UEM阳光

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发表于 2011-8-9 18:41 | 显示全部楼层
明天想进uemland 来玩玩。

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发表于 2011-8-9 19:11 | 显示全部楼层
多空一线:UEM置地尝试轻微反弹
2011-08-09 13:47

美股道琼斯工商指数于上周间大幅回挫时深深冲击着港股恒生工商指数、日股日经225指数与马股富时隆综合指数的交投趋势,马股在重量级蓝筹股项的重挫时跌破1500点支撑。

这项大幅下挫走势主导着富时隆综合指数 于8月8日间的回挫行情,一度下探1476.24点后以1496.99点报收。

富时隆综指于周一间的整日波幅介于38.95点(1476.24– 1515.19点)间。它于闭市时收1,496.99点,按日跌27.44点或1.80%。依从富时隆综指30只组合股项的表现来分析,大马股市已告处于短期调整趋势中。

富时隆综指30只组合股项处于技术巩固水平间,带领富时隆综指进入短期回调盘整走势中。上升股项为67只而下跌股项为1051只。

UEM置地控股(UEMLand,5148,主板产业股)于8月6日闭市时反弹了。它于闭市时收2.16令吉,按日下挫21仙或8.86%

UEM置地控股于8月8日间跌破中期支撑趋势线(B1:B2)。60分钟分时线平滑异同移动均线指标(MACD) 于8月8日处于调整交投走势中。

它的60分钟分时线图于8月8日进入它的短期调整走势中。UEM置地控股的60分钟分时线趋势或会处于一段巩固回调走势中,或会于近期间尝试一段轻微技术反弹。

敏源




http://www.nanyang.com/node/374707?tid=704

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发表于 2011-8-9 23:41 | 显示全部楼层
各位请谨记,UEMland的本益比是高达50的,然后没有股息。买这股必须有心理准备。

收购sunrise后,要从中得到利益也需要几年的时间。

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发表于 2011-8-25 18:25 | 显示全部楼层
UEM Land 2Q net profit surges to RM88.93m      

KUALA LUMPUR: UEM LAND HOLDINGS BHD [] net profit for the second quarter ended June 30, 2011 more than doubled to RM88.93 million from RM40.35 million a year earlier due mainly to an increase in its revenue.

The company said on Thursday, Aug 25 that its revenue for the quarter surged to RM509.40 million from RM88 million in 2010.

Earnings per share was 2.17 sen compared to 1.23 in 2010, while net assets per share was RM1.03.

For the six months ended June 30, UEM Land’s net profit surged to RM106.54 million from RM43.49 million in 2010, on the back of a more than five-fold increase in revenue to RM697.09 million.

Reviewing its performance, UEM Land said the higher revenue recorded quarter under review was mainly from higher direct development projects and developed land sales.

The company said the higher revenue of RM372.8 million was from the group’s various direct development projects compared to the immediate preceding quarter of RM165.5 million mainly due to higher contribution from the overall developments.

Meanwhile, it said developed land sales rose to RM122.1 million compared to immediate preceding quarter of RM7.3 million mainly from strong sales performance for the Southern Industrial & Logistics Clusters (SiLC) due to high demand for industrial land arising from relocation of Singapore factories to Nusajaya.

On its prospects, UEM Land said the momentum from the group’s performance in the second quarter of 2011 would provide a strong platform for the current financial year.

“In particular, the total unbilled sales of RM1.53 billion as at June 30, 2011 will support revenue and profit for the current and subsequent financial years,” it said.

http://www.theedgemalaysia.com/b ... es-to-rm8893m-.html

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发表于 2011-8-25 23:46 | 显示全部楼层
UEM置地 首半年淨利漲1.5倍
企業25/08/2011 21:01

(吉隆坡25日訊)UEM置地(UEMLAND,5148,主要板房產)購併陽光(SUNRISE)后帶動次季業績增長,上半年淨利按年勁揚1.5倍至1億654萬令吉。

 截至6月底首半年,該公司已發展項目及直接投資項目均獲利,加上新併購子公司,上半年營業額按年增長4.5倍至6億9709萬令吉。

 UEM置地次季營業額則按年增長4.8倍至5億940萬令吉,淨利勁揚1.2倍至8893萬令吉;已發展土地項目銷售貢獻1億2210萬令吉。

 該公司在馬證交所報備文告中指出,淨利受營業額大幅增長帶動上揚,上半年強勁增長動力建立穩建平台。

 “截至6月底,公司未進賬銷售高達15億2860萬令吉,將貢獻至未來營業額和盈利。”

http://www.chinapress.com.my/node/246073

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发表于 2011-8-26 20:19 | 显示全部楼层
UEM Land active, up on firm earnings     
  
KUALA LUMPUR: UEM LAND HOLDINGS BHD [] shares were actively traded on Friday, Aug 26 after its net profit for the second quarter ended June 30, 2011 more than doubled to RM88.93 million from RM40.35 million a year earlier due mainly to an increase in its revenue.

At 9.18am, UEM Land added two sen to RM2.12 with 792,000 shares done.

The company said on Thursday, Aug 25 that its revenue for the quarter surged to RM509.40 million from RM88 million in 2010.

Earnings per share was 2.17 sen compared to 1.23 in 2010, while net assets per share was RM1.03.

For the six months ended June 30, UEM Land’s net profit surged to RM106.54 million from RM43.49 million in 2010, on the back of a more than five-fold increase in revenue to RM697.09 million.

http://www.theedgemalaysia.com/b ... firm-earnings-.html

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发表于 2011-9-5 20:43 | 显示全部楼层
International schools add to Mont’Kiara’s appeal      
  
WHILE property prices are usually driven by accessibility and location, Sunrise Bhd has incorporated international schools within the Mont’Kiara area, giving an edge to its developments when it comes to attracting prospective buyers and tenants, especially expatriates.

Sunrise general manager of branding and community development Anne Tong told The Edge Financial Daily that the first founder of Sunrise started off by building condominiums. When expatriates started moving to Mont’Kiara, the company set off to boost its occupancy by ensuring the development is self-sufficient and attractive to them.

That was when the company, now a part of UEM Land Holdings Bhd, looked at international schools, then a rarity in Kuala Lumpur.

Sunrise built the first international school in Mont’Kiara, the Mont’Kiara International School (MKIS), which was later sold.


Tong sees a rising trend of residents buying homes in Mon't Kiara to stay in.
MKIS opened along with the completion of Mont’Kiara Palma in 1994, a year after the completion of Sunrise’s first condominium in the area, Mont’Kiara Pines.

There are now three international schools in the Mont’Kiara vicinity — MKIS, Garden International School and the French International school (Lycee Français de Kuala Lumpur), making the area a favourite of expatriate families.

“When we see foreign expatriates move in, most have young families. If we don’t have an international school, where would they go?” Tong asked.

Tong said prices of properties developed in Mont’Kiara have seen steady capital appreciation and good rental yields due to the expatriate market as well as an increasing local owner-occupier base drawn to the area’s amenities.

Apart from the international school, other amenities in the Mont’Kiara area are several shopping malls and commercial centres, parks, golf and equestrian clubs as well as easy access to the Kuala Lumpur city centre and several highways.  

Sunrise itself also provides a number of privileges for its residents, such as the free community shuttle bus system and a community activities centre. These are fully funded by the developer.  

The three international schools offer plenty of choices for expatriates of all nationalities. MKIS follows the North American curriculum, offering a complete school education from kindergarten to high school. Garden International School is based mainly on the British curriculum while French-speaking families can opt for the French school.

“MKIS has paid its way by attracting expatriate families with school-going children to take up residence in Mont’Kiara condominiums. Our annual resident surveys over the years indicate that approximately 20% of school-going children in Sunrise-managed condominiums study in MKIS,” said Tong.

Tong also sees a rising trend of residents buying homes in Mont’Kiara to stay in, rather than for rental or investment purposes. Malaysians now live in more than 50% of homes in Mont’Kiara.

“It’s a trend (for Malaysians) to want to enter international schools. It’s not easy, but there are many locals who are already studying in Garden International School or MKIS,” Tong said.

Moving forward, the company may also build colleges. However, it would not be in the Mont’Kiara area given the scarcity of land there.

“Sunrise is now part of UEM Land, which has a lot of land, so there are ample possibilities”, she said.

“In Iskandar Malaysia, Johor, UEM Land is bringing in all the foreign universities. They have Marlborough College, Newcastle University and I think they [Newcastle University] are starting the first intake next month. So if you have a huge area, then that is feasible and will greatly enhance the entire development. Iskandar will be very exciting. But in Mont’Kiara, I don’t think there is much more to do as the area is already developed and is thriving.

There is also not much more land left to develop for schools,” said Tong.

http://www.theedgemalaysia.com/i ... tkiaras-appeal.html

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发表于 2011-9-8 18:28 | 显示全部楼层
UEM Land - proxy for govt land developments, says Maybank IB      
  
KUALA LUMPUR: UEM LAND HOLDINGS BHD [] shares were active in early trade on Thursday, Sept 8 after Maybank IB Research initiated coverage on the stock with a Buy call and said that with strong Khazanah parentage, UEM Land was one of the frontrunners for government land developments in Singapore and Malaysia.

At 9.08am, UEM Land added two sen to RM2.09 with 1.73 million shares done.

Maybank IB in a note Sept 8 said the positive merger with Sunrise has raised UEM Land’s profile given Sunrise's expertise in high-rise integrated developments and branding.

“UEM Land is also starting to reap the fruits of its flagship developments in Iskandar Malaysia.

“We initiate coverage on UEM Land with a Buy and RM2.70 TP (20% disc. to RM3.36 RNAV). The broader market weakness offers opportunity to buy for the long term,” said the research house.

http://www.theedgemalaysia.com/b ... ys-maybank-ib-.html

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发表于 2011-9-9 01:38 | 显示全部楼层
母公司助拓展
UEM置地衝出依斯干達

財經 08/09/2011 21:05

券商:馬銀行投銀
目標價:2.70令吉


UEM置地 (UEMLAND,5148,主要板房產)與國庫控股(Khazanah)的母子關係良好,成為政府在國內和新加坡多塊地的計劃發展“領跑者”(front runner),業務營運不再限于大馬依斯干達(Iskandar Malaysia)。

 這包括雙溪毛糯(Sungai Buloh)面積3000英畝的地,UEM置地目前是顧問委員會的成員,協助公積金局(EPF)規劃發展藍圖。

 該公司也競投數塊政府地,例如位于孟沙的19英畝聯合利華(Unilever)地和富都監獄21英畝的發展計劃。

 如果UEM置地都獲標,將成為盈利和估值增高的強大推動力。

 另外,UEM置地踏足獅城。在新加坡一項總值110億新元(約275億令吉)的政府地發展計劃,被委任為工程管理公司,雖盈利貢獻不大,約額外帶來盈利預測的3%至4%,但有助推廣總值190億令吉的努莎再也(Nusajaya)房產計劃。

 UEM置地的未進賬銷售額達16億令吉,並估計每年銷售額介于19億至29億令吉,預計該公司未來3年的淨利年複成長率(CAGR)達24%。

 此外,也將受惠于政府下放政聯企業股權的計劃,進一步提高股票流通。

 閉市時,UEM置地報2.09令吉,揚2仙,成交量830萬9600股。

http://www.chinapress.com.my/node/249531

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发表于 2011-9-10 14:33 | 显示全部楼层
UEM Land a proxy for govt development      
  
UEM Land Holdings Bhd
(Sept 8, RM2.09)
Initiating coverage with buy rating at RM2.07 with target price of RM2.70: With strong Khazanah Nasional Bhd parentage, we view UEM Land as one of the frontrunners for government land developments in Singapore and Malaysia. The positive merger with Sunrise has raised its profile given Sunrise’s expertise in high-rise integrated developments and branding.

UEM Land is also starting to reap the fruit of its flagship developments in Iskandar Malaysia. We initiate coverage on UEM Land with a “buy” and RM2.70 target price (20% discount to RM3.36 realisable net asset value). The broader market weakness offers opportunity to buy for the long term.

UEM Land is the frontrunner for government land developments, including the Rubber Research Institute of Malaysia’s 1,214ha in Sungai Buloh. UEM Land is sitting on the advisory panel, assisting EPF in formulating the master plan for the land. The company has also submitted bids for other government land — the 7.7ha Unilever land in Bangsar and 8.5ha Pudu jail redevelopment in Bukit Bintang West in Kuala Lumpur. The securing of these developments will provide a strong impetus to UEM Land’s earnings and valuation.

We are excited over its appointment as project manager for the S$11 billion (RM27 billion) Marina South and Ophir-Rochor government land developments in Singapore. The earnings impact for a project manager role is minimal, at 3% to 4% of our earnings before interest and tax (Ebit) estimates, but we believe its presence in Singapore has a more positive impact, promoting UEM Land’s RM19 billion of properties in Nusajaya (within Iskandar). UEM Land could also benefit from outright land sale by M+S Pte Ltd, if any.

Iskandar’s property prices should be boosted by a better transport system (Singapore-Johor Bahru intra-city train and rail transit system) and warmer bilateral ties. We expect increasing relocation/outsourcing economic activities from the island republic due to relatively cheaper costs in Iskandar. Flagship projects in Johor (Pengerang, Tanjung Langsat) will provide the population growth and are re-rating catalysts for the property/land prices in Iskandar.

Our 24% three-year net profit compound annual growth rate is premised on RM1.6 billion unbilled sales (0.8 times 2012 forecasts) and RM1.9 billion to RM2.9 billion per year sales forecasts. It could benefit from the government-linked company’s share divestment plan which will improve its trading liquidity. Our 20% discount is to reflect its large exposure in Nusajaya (73% of total landbank, 62% total gross development value). — Maybank IB Research, Sept 8

http://www.theedgemalaysia.com/i ... vt-development.html

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发表于 2011-9-27 18:29 | 显示全部楼层
OSK Research: UEM Land’s next strong support at 97c to RM1.07      
  
KUALA LUMPUR: OSK Research said at 25.0 times consensus FY11 price-to-earnings, UEM Land is definitely one of the few bigger market-cap stocks with such high valuation.

It said on Tuesday, Sept 27 that in the current nervous equity market, its high valuation may attract further selling pressure on the stock.

OSK Research said probably due to the same reason, its share price came down by 8% with huge volume on Monday.

It added that an obvious downtrend has already been established since it has violated the foundation of the “Descending Triangle” and its share price is expected to continue trending lower until that downtrend line is violated.

“Shall the downtrend line continue to extend lower, UEM Land’s share price might eventually retrace much lower as the next strong support can only be found at the 97 sen to RM1.07 area,” it said.

http://www.theedgemalaysia.com/b ... t-97c-to-rm107.html

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发表于 2011-9-29 22:41 | 显示全部楼层
產業領域重新活躍 
UEM置地受追棒


(吉隆坡29日訊)產業領域的併購消息,帶動UEM置地(UEMLAND,5148,主板產業股)週四受投資者熱捧,在買盤扶持下,全日昇揚14仙或8.383%至1.81令吉掛收。

該股全日交投熾熱,共有2024萬4400股易手,成為第7大熱門股項。

該股早盤以全日最低的1.63令吉開跑後呈節節上升,並迅即突破昨日閉市水平。該股一路探高,最終以1.81令吉全日最高點結束全日交易。

近期產業股企業活動頻頻,加上官方各項大型基建計劃的周邊效應帶動,產業領域不僅再次成為投資者的交易對象,也重回分析員的視野。

UEM置地佔盡優勢

首次評估該股的聯昌國際研究分析員看好該股值得「買進」,目標價設在2.57令吉。

分析員樂觀展望,UEM置地在各方面皆佔盡優勢。分析員相當看好UEM置地與陽光(SUNRISE)的合併效益,UEM置地可仗著龐大市值入圍成份股一員,盈利前景同樣得到改善。

同時,該公司也預期通過依斯干達經濟特區的工程,從新國投資者前來大馬投資的趨勢中分得一杯羹。

「我們認為,兩者合併後幾乎沒有業務重疊的問題,反而可借此大幅提升UEM置地的競爭實力規模。」

UEM置地預期每年推出50億令吉的產業樓盤,目標之高遠甚於同業馬星集團(MAHSING,8583,主板產業股)與實達集團(SPSETIA,8664,主板產業股)設下介於20億至30億令吉的預期範圍。

UEM置地的策略是,透過稍微壓低產業售價,達到推高銷售表現。

http://www2.orientaldaily.com.my ... O8J0RbB99iM31HX0iE2

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发表于 2011-10-3 19:02 | 显示全部楼层
Quality project management key to Sunrise's success      

Sunrise Bhd’s projects have gained a loyal following among property buyers due to its product design and effective project management, said UEM Land Holdings Bhd COO Lum Tuck Ming.

Lum was formerly executive director and COO of Sunrise and recently appointed COO of UEM Land following a corporate exercise which saw Sunrise becoming part of UEM Land.

Sunrise, the developer synonymous with the development of the high-end enclave of Mont’Kiara, is ranked eighth in The Edge Top Property Developers Awards this year.

“I’d like to thank all those involved including the staff and board of directors for the teamwork and all the hard work put into all our projects,” Lum said after receiving the award at The Edge Property Excellence Awards 2011 last Thursday.

He attributed Sunrise’s win to product design and quality management standard.

Project management, he said, can also help mitigate rising cost of construction.


Housing and Local Government Minister Datuk Wira Chor Chee Heung presenting the award to Lum.
“We work and discuss with the entire team on how to properly manage the way we design and construct our properties in order to reduce cost through effective project management. We consider using alternative products that offer the same value and quality.

“We believe that cost can be controlled with careful management and by improving the efficiency and effectiveness of the design,” he added.

Among its projects are luxury condos 10 Mont’Kiara and 28 Mont’Kiara as well as commercial developments such as Solaris Dutamas. Recent launches including Summer Suites on Jalan Sultan Ismail in Kuala Lumpur and Quintet in Canada have received overwhelming response.

According to Lum, among Sunrise’s upcoming launches is Mont Kiara Arcoris (MK20) project situated opposite Plaza Mont’Kiara with an estimated gross development value of RM1 billion. Sitting on six acres (2.4ha), it will feature a mix of luxury serviced residences, SoHos, a hotel, business suites and boutique retail outlets. It is also preparing to launch a few projects in Puteri Harbour and in East Ledang, both in Nusajaya, Johor

http://www.theedgemalaysia.com/i ... nrises-success.html

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发表于 2011-10-6 12:02 | 显示全部楼层
Stocks to watch: Mah Sing, plantations, MEGB, UEM Land               
Written by Joseph Chin of theedgemalaysia.com         
Wednesday, 05 October 2011 21:34

KUALA LUMPUR: Despite the rally on Wednesday, Oct 5, which enabled the FBM KLCI to snap two days of losses, investors are expected to stay on the sidelines until the economic outlook of the US and Europe is on a much firmer footing.

A one-day rally, led by local funds, would not be enough to convince investors to start bottom fishing unless there is a more solid recovery overseas.

However, expectations of positive news from the Budget 2012 proposals could galvanise sentiment at least in the medium term.

In a recent report, RHB Research Institute said it expected the market volatility to continue. Its top picks, mainly include companies with stable cash flows, as well as those with above-market dividend yields, and thus reflect a more cautious stance.

“However, we also believe that the Government will likely accelerate execution of ETP projects, hence the inclusion of Gamuda in our list. Our back-test analysis shows that our top picks tend to outperform the benchmark index during market downturns (e.g. 2008) and at least perform in line during market upturns,” it said.

RHB Research said year-to-date, some sectors underperformed due to global macroeconomic issues (semicon, banks, transport), while others were affected by domestic issues (CONSTRUCTION [], building materials), cyclical reversals (oil & gas, PLANTATION [] and timber), and specific issues (utilities and motor).

“Three sectors outperformed for the YTD including media (+5.4%), insurance (+8.7%) and telecom (+16.4%). For each sector, the star performers were MCIL (+20.9%), Kurnia Asia (+26.7%), MNRB (+12.6%), DiGi (+28.9%) and TM (+31.3%),” it said

Among the stocks to watch on Thursday are MAH SING GROUP BHD [], plantations, Masterskill Education Group Bhd (MEGB), UEM LAND HOLDINGS BHD [] and REXIT BHD [].

Mah Sing plans a lifestyle township in Rawang with an estimate gross development value (GDV) of RM948 million.

It was acquiring Semai Meranti Sdn Bhd which owns 225.7 acres of freehold within the Northern Growth Corridor in Rawang, for RM57 million.

“The land will be developed into a lifestyle township with an estimated GDV of approximately RM948 million, offering beginner homes priced from RM390,000,” it said.

Plantations would continue to be weighed down by weaker crude palm oil futures which had fallen to more than a year’s low. CPO for third-month delivery fell RM25 to RM2,785 on Wednesday.

Over the past few days, plantations were among the major losers. On Wednesday, PPB fell 30 sen to RM15.76, United Plantations 28 sen to RM17.20, BLD Plantations 20 sen to RM5.60, KLK 16 sen to RM20.

In Masterskill Education Group Bhd (MEGB), Siva Kumar s/o M. Jeyapalan has emerged as a substantial shareholder in the education group.  A filing showed he acquired 41.20 million shares or a 10.05% stake on Wednesday.

The Inland Revenue Board has notified UEM Land Holdings Bhd’s unit Bandar Nusajaya Development Sdn Bhd (BND) to pay RM73.836 million as additional tax and penalty for the year of assessment 2006.

It said BND has started the appeal process against the additional assessment.

“After taking into account the various advice from the consultants, the company believes that the grounds for the appeal are valid and hence no additional provision for income tax has been made by the company,” UEM Land said.

In Rexit Bhd, Chia Kwoon Meng has emerged as a substantial shareholder with 9.813 million shares or 5.3%. A filing showed he acquired the shares on Sept 7.

Interestingly, he ceased to be a substantial shareholder of FUTUTECH BHD [] after he disposed of 2.58 million shares in the open market on Sept 23.

http://www.theedgemalaysia.com/b ... -megb-uem-land.html

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发表于 2011-10-19 18:18 | 显示全部楼层
UEM, Najcom to build hospital?      

Kuala Lumpur: Privately held Najcom Sdn Bhd and its joint-venture partner UEM Group Bhd are understood to have bagged the contract to build the women and children’s hospital in Kuala Lumpur costing between RM700 million and RM900 million, sources said.

It is understood that the two parties had won the award, which is slated to be via a private finance initiative, in an open tender. It was earlier speculated that IJM Corp Bhd was the frontrunner to bag this job, but Penang-based Najcom and UEM are believed to have secured the job after clearing the last hurdle.

Company officials declined to comment when contacted by The Edge Financial Daily.  

While UEM Group is a government-linked company wholly-owned by Khazanah Nasional Bhd, little is known of Najcom and the parties behind it.

A check with the Companies Commission of Malaysia reveals that Najcom is 52.5% controlled by Zainabbi Abubacker and 47.5% by Datuk Haja Najmudeen Kader.

Najcom’s financials were not available as a certificate relating to exempt the private company was lodged. The company is not known as a top-tier contractor but it has done quite a few restoration jobs in Penang — repairing and refurbishing old buildings.

According to the Construction Industry Development Board (CIDB) website, the company has a paid-up capital of RM750,000 and the most recent job it undertook was to build the Institut Farmaseutikal Dan Nutraseutikal Malaysia in Universiti Sains Malaysia in 2008 for RM80 million. The contract was reportedly awarded by Ketua Pengarah Kejaya Raya.

In 2005, it was awarded a RM11.15 million contract to renovate Kompleks Mahkamah Pulau Pinang.

Apart from these two projects, Najcom’s other contracts were mostly below RM10 million, and largely for renovation and restoration works, according to the CIBD website.  

It is not known where the exact location of the new hospital will be, other than that it will be in Kuala Lumpur.  Nevertheless, the Women and Children’s Hospital was mentioned in both the 2011 and 2012 budgets.

When announcing Budget 2012 earlier this month, Prime Minister Datuk Seri Najib Tun Razak had kept it brief and said the Women and Children’s hospital would be built through a government-and-private-sector joint venture.

UEM Group has built an empire dealing in expressways, township and property development, engineering and construction, among others.

Some of the larger companies under its stable include PLUS Expressways Bhd, UEM Land Holdings Bhd, UEM Builders Sdn Bhd, Faber Group Bhd, Time Engineering Bhd and Time dotCom Bhd.

The group has several large construction contracts, including the second Penang bridge along with a Chinese party, and was active in the merger and acquisition scene over the past year.

Late last year, it proposed to privatise PLUS Expressways Bhd (together with the Employees Provident Fund) for RM23 billion, while UEM Land undertook a takeover of property developer Sunrise Bhd for RM1.4 billion and Time dotCom Bhd announced the acquisition of several companies to boost its income.

http://www.theedgemalaysia.com/i ... build-hospital.html

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发表于 2011-10-25 22:12 | 显示全部楼层
Ascott to manage UEM Land JV’s Somerset Puteri Harbour      

KUALA LUMPUR: The Ascott Ltd will manage and operate 204 units of service residences, to be known as Somerset Puteri Harbour, in Nusajaya, Iskandar Malaysia under an agreement with Nusajaya Consolidated Sdn Bhd.

Nusajaya Consolidated, a 50:50 joint venture between UEM Land Bhd and UNITED MALAYAN LAND BHD [], had on Tuesday, Oct 25 signed two agreements with Ascott.

UEM Land said under the technical advisory agreement, Ascott will provide technical advisory services to Nusajaya Consolidated during the development of Somerset Puteri Harbour.

Under the serviced residence management agreement, Ascott will manage and operate the serviced residences on behalf of Nusajaya Consolidated when  completed in 2013.

Somerset Puteri Harbour will be a four-storey serviced residence at the Puteri Harbour integrated waterfront and marina development in Nusajaya.

The serviced residence offers spacious apartments ranging from studios to three-bedroom units that come fully furnished with modern amenities. With facilities such as a gymnasium, swimming pool, restaurant and residents’ lounge available in the property, Somerset Puteri Harbour provides the ideal home away from home for residents to live, work and play.

UEM Land as the master developer of Nusajaya has set a target for the regional city to come alive by 2012.

To achieve this, it has adopted a strategy to partner several property developers to transform Nusajaya into a world class sustainable city that offers holistic and integrated lifestyle, with immense potential growth for investors.

http://www.theedgemalaysia.com/b ... puteri-harbour.html

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发表于 2011-10-27 18:36 | 显示全部楼层
RHB Research ups UEM Land fair value to RM1.65      

KUALA LUMPUR: RHB Research Institute has raised the fair value for UEM Land to RM1.65 from RM1.40 but maintains its underperform rating.

It said on Thursday, Oct 27 that due to the growing presence of more “Singapore Inc.” in Johor in the midst of uncertain global economic environment, its optimism on the Iskandar development is revived slightly.

“We therefore narrow our discount to RNAV to 35% (from 45%) to derive our revised fair value of RM1.65 (from RM1.40),” it said.

On Tuesday, UEM Land announced that its 50:50 JV company with UM Land – Nusajaya Consolidated Sdn Bhd had inked two agreements with The Ascott Limited (under Capitaland).

The agreements were for Ascott to provide technical advisory services as well as manage and operate 204 units of service residences to be known as “Somerset Puteri Harbour” in Nusajaya upon its expected completion.

“We believe the strategic tie-up is via UM Land as Capitaland has a 21% stake in the company. This new Somerset will be Ascott first presence in Johor,” it said.

http://www.theedgemalaysia.com/b ... value-to-rm165.html

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发表于 2011-11-9 23:47 | 显示全部楼层
UEM Land up on RM1.3b Angkasa Raya project      

KUALA LUMPUR (Nov 9): Shares of UEM Land Bhd to a high of RM2.16 on Wednesday as buying interest perked up on its unit, SUNRISE BHD []’s plan for a RM1.3 billion  landmark project, Angkasa Raya.

At 11.22am, it was up three sen to RM2.14. There were 4.04 million shares done at prices ranging from RM2.12 to RM2.16.

On Tuesday, Sunrise unveiled plans for the project which has an estimated gross development value of RM1.3 billion and is poised to be the group’s new flagship developed. The building will be on the 1.59 acre site of the former Wisma Angkasa Raya, which was demolished in August.

Comment: The 29-year-old Wisma Angkasa Raya, Kuala Lumpur’s first high-rise office building, was demolished in August 2011.

UOB Kay Hian Research said in June 2008, Sunrise paid RM179 million for the 69,171 sq ft Angkasa Raya parcel, or a land cost of about RM2,588 psf.

“Assuming a plot ratio of 10 times, the land cost per plot ratio works out to be RM259 psf. Adding RM600 psf for the CONSTRUCTION [] of an up-market development and factoring in an efficiency ratio of 80%, the total construction cost is about RM1,100 psf per net saleable area.

“We reckon UEM Land could garner a decent margin of 18-36%, assuming a conservative ASP of RM1,300 to RM1,500psf,” it said.

UOB Kay Hian said the project would add about 2.0 sen to our fully-diluted RNAV/share.

It maintained its earnings forecasts for now. A back-of-the-envelope calculation showed that the development could add RM30m to UEM Land's bottom line in FY13-17, or about 9% of its FY12 net profit, it added

“We maintain our BUY call with a target price of RM2.68 (25% discount to RNAV/share of RM3.57). This new valuation takes into account of the lingering uncertainty of the property market as well as the gloomy outlook of the macro picture,”

http://www.theedgemalaysia.com/b ... a-raya-project.html

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发表于 2011-11-9 23:55 | 显示全部楼层
Sunrise unveils RM1.3 billion project in city centre      

KUALA LUMPUR: Sunrise Bhd, a wholly-owned unit of UEM Land Holdings Bhd, has unveiled plans for its new landmark project, Angkasa Raya, which has an estimated gross development value of RM1.3 billion and is poised to be the group’s new flagship development.

Situated at the intersection of Jalan Ampang and Jalan P Ramlee, directly across the Petronas Twin Towers, the building will be on the 1.59-acre site of the former Wisma Angkasa Raya, which was demolished in August 2011.

“There are obviously challenges in the world and the property market now but we believe that this building will not only be iconic in Malaysia but also the world over. Everywhere in the world, the primest of prime properties will always be sought after,” said Datuk Tong Kooi Ong, chairman of Sunrise at the unveiling of the building’s design yesterday.

Tong, who is also on the board of UEM Land, added that the development is scheduled to be launched in the fourth quarter of 2012. At a construction cost of more than half a billion ringgit, work will start early next year and the development is expected to complete in 2016.

Despite the global economic uncertainty, Tong is confident Angkasa Raya will perform well.

Standing at 268 metres with 65 floors, the development will integrate a Grade A premium office, a luxury hotel with over 200 five-star suites, over 280 high-end serviced residences, signature retail spaces and three sky levels.


(From left) Tong, UEM Land Holdings Bhd MD/CEO Datuk Wan Abdullah Wan Ibrahim, UEM Group MD/CEO Datuk Izzaddin Idris and Scheeren.
“With the unobstructed view of the Petronas Twin Towers and the KL skyline, it offers a unique dinning experience.,” said Ong Chou Wen, general manager of projects, Sunrise.

Designed by renowned architect Ole Scheeren, founding principal of architecture firm Büro Ole Scheeren, the building comprises five distinct elements — three floating elevated tower blocks and two multi-level zones of open horizontal slabs.

The challenge, said Scheeren, was to design a building that is both respectful to and harmonious with the Petronas Twin Towers, and yet with a very different idea and qualities of architecture.

“The design of Angkasa Raya was inspired by Malaysia’s multicultural and diverse society. It proposes a new model of urban and cultural inclusiveness,” he said.

The offices, designed in alignment with sustainable architectural principles, are targeted at multinational companies, while the high-end serviced residences are sized from 500 to 2,000 sq ft.

The development is aiming for a Green Building Index certification. In line with its green practices, the tower facades are clad with modular aluminium sun-shading, geometrically optimised and carefully oriented to reduce solar heat

http://www.theedgemalaysia.com/i ... in-city-centre.html

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发表于 2011-11-10 18:36 | 显示全部楼层
UEM Land extends rebound on positive newsflow      

PETALING JAYA :  Shares in UEM Land Holdings Bhd extended their rebound after falling sharply in September, buoyed by positive newsflow on its projects and bargain hunting activities after a bout of heavy foreign selling.   

Since hitting a 52-week low of RM1.58 on Sept 26, shares of the government-linked property developer has been rebounding strongly, gaining some 35.4% to close at RM2.14 yesterday.

Yesterday  the stock added three  sen to RM2.14 on heavy volume of 10.56 million shares, following the unveiling on Tuesday of its latest project, Angkasa Raya, opposite the Petronas Twin Towers in the heart of the Kuala Lumpur City Centre (KLCC) area.

Despite the recent rally though, the stock remains 15% down year-to-date, and is trading 37% lower than the year high of RM3.40 chalked up on Jan 13, 2011.

The stock price slump in September coincided with the global sell-down in the wake of the US credit downgrade and European debt problems. As UEM Land was gaining favour with foreign investors throughout this year, following the acquisition of Sunrise Bhd, it was among the stocks that foreigners held —  and decided to sell.

While the global uncertainties had created concerns over the outlook of the property sector, UEM Land continued to enjoy brisk sales for its most recently launched project, Arcoris Suites Mont’Kiara, developed by its subsidiary Sunrise.


(From left) Tong, Buro Ole Scheeren partner Eric Chang, Ole Scheeren founding principal Ole Scheeren, UEM Group group MD/CEO Datuk Izzaddin Idris and UEM Land MD/CEO Datuk Wan Abdullah Wan Ibrahim with a model of Angkasa Raya at the project's launch on Tuesday.
Sunrise had already sold most of the units in Arcoris Suites ahead of the official launch at the end of October. Some 90% of the available 262 units were sold following an earlier preview ahead of the launch, and the project was fully sold out after the launch.

The business suites are priced from RM383,000 or RM660 psf, with built-ups ranging from 660 sq ft to 850 sq ft.

The good response, despite the external uncertainties and concerns over an oversupply of office space in Kuala Lumpur and overbuilding in Mont’Kiara, is a strong testament to the Sunrise brand, industry observers said. The strong sales of Arcoris Suites followed the sell-out of the first phase of Summer Suites in Kuala Lumpur earlier this year, and Quintet in Richmond, Canada, which were all developed by Sunrise.  

Analysts had earlier given the thumbs up for UEM Land’s acquisition of Sunrise, as Sunrise would give the former a strong brand, technical expertise and a strong pool of near term earnings from unbilled sales and a pipeline of ready-to-launch projects in the Klang Valley.   

Sunrise’s latest project, Angkasa Raya, is a RM1.3 billion mixed development project designed by world renowned architect Ole Scheeren.

Situated at the intersection of Jalan Ampang and Jalan P Ramlee, the building will be on the 1.59-acre site of the former Wisma Angkasa Raya, which was demolished in August 2011. It will be standing at 268 metres with 65 floors, and comprise grade A premium office space, a luxury hotel, over 280 high-end serviced residences, signature retail spaces and three sky levels.

“There are obviously challenges in the world and the property market now but we believe that this building will not only be iconic in Malaysia but also the world over. Everywhere in the world, the primest of prime properties will always be sought after,” said Datuk Tong Kooi Ong, chairman of Sunrise at the unveiling of the building’s design on Tuesday.

The project is expected to bring an estimated net profit of RM30 million per year to UEM Land’s bottom line for the financial years 2013 to 2017, according to UOB Kay Hian’s research note yesterday. The research firm has a “buy” call on UEM Land, valuing the stock at RM2.68, a 25% discount to its revalued net assets value per share (RNAV/share) of RM3.57.

“The project would add about two sen to our fully-diluted RNAV/share. We maintain our earnings forecasts for now. A back-of-the-envelop calculation shows that the development could add RM30 million to UEM Land’s bottom line for FY13-17, or about 9% of its FY12 net profit. We maintain our buy call with a target price of RM2.68.

“This new valuation takes into account the lingering uncertainty of the property market as well as the gloomy outlook of the macro picture,” the research house said.

Over the longer term, UEM Land’s vast land bank in Iskandar Malaysia will be a bigger attraction for investors, as the land is seen as proxy for warming Malaysia-Singapore bilateral relations, growing cross-border investments to Johor and narrowing gap between Singapore and Johor land prices.  

In June, UEM Land was appointed the project manager for M+S Pte Ltd, a joint venture company 60% owned by Khazanah Nasional and 40% by Temasek. M+S was set up to undertake the development of several prime plots of land in Singapore — Ophir-Rochor and Marina South — in exchange for the KTM Bhd land in Tanjong Pagar.

“We are excited over UEM Land’s appointment as project manager for the S$11 billion (RM26.7 billion) Marina South and Ophir-Rochor government land developments in Singapore.

“The earnings impact for a project manager role is minimal, at 3%-4% of our Ebit (earnings before interest and tax) estimates, but we believe its presence in Singapore has a more positive impact — in promoting UEM Land’s RM19 billion of properties in Nusajaya,” according to Maybank Investment Bank in an earlier research report.

For the six months ended June 30, UEM Land’s net profit more than doubled to RM106.54 million from RM43.49 million a year earlier. Its net assets per share on June 30 stood at RM1.03, placing the stock’s price-to-book at 2.08 times.

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