SIME DARBY PROPERTY BERHAD

KLSE (MYR): SIMEPROP (5288)

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Last Price

0.755

Today's Change

-0.015 (1.95%)

Day's Change

0.74 - 0.77

Trading Volume

10,883,400

Overview

Market Cap

5,135 Million

NOSH

6,801 Million

Avg Volume (4 weeks)

20,214,463

4 Weeks Range

0.73 - 0.82

4 Weeks Price Volatility (%)

22.22%

52 Weeks Range

0.445 - 0.82

52 Weeks Price Volatility (%)

81.33%

Previous Close

0.755

Open

0.77

Bid

0.75 x 356,600

Ask

0.755 x 861,800

Day's Range

0.74 - 0.77

Trading Volume

10,883,400

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#4] | 23-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 25-May-2024

T4Q P/E | EY

12.50 | 8.00%

T4Q DY | Payout %

3.33% | 41.68%

T4Q NAPS | P/NAPS

1.48 | 0.51

T4Q NP Margin | ROE

12.15% | 4.05%

Company Profile

Sector: PROPERTY

Sector: PROPERTY

Subsector: PROPERTY

Subsector: PROPERTY

Description:

Sime Darby Property Berhad is a Malaysia-based property developer, which is mainly engaged in three business segments: Property development, Property investment, and Leisure and Hospitality. Its Property development segment is involved in the development of landed to strata properties, covering residential, offices, retail and industrial developments, such as townships and complexes. The revenue of this segment is derived from both property sale and land sale. Its Property investment segment undertakes property leasing and provides property management services for shopping malls and galleries. Its Leisure and Hospitality segment covers the management and operation of various hospitality and leisure assets, such as Sime Darby Convention Centre in Kuala Lumpur, Impian Gold and Country Club in Selangor, Malaysia, as well as Darby Park Executive Suites in Singapore, among others. The Company has business presence in Malaysia, Singapore, Australia, United Kingdom and Vietnam.

Discussions
2 people like this. Showing 50 of 1,177 comments

pang72

The show for SIMEPROP is begin now

1 month ago

pang72

https://www.sinchew.com.my/news/20240104/finance/5244120

Investment bank never ending pushing up property stock..

Sime property target 82c

1 month ago

troy88

Hope to see it break last year's high 0.76 soon. UEMS has already done it

1 month ago

pang72

Yes, coming

1 month ago

pang72

82c by next week after johor MRT connecting ceremony and johor special economy zone announcement

1 month ago

moven00

@ pang72 keep here alive. 👍🏻

1 month ago

pang72

Move 00,
The fire is heating up SIMEPROP...
It is firing up next week

1 month ago

pang72

Without many know, we ride on it...till people realise the gem later above rm1

1 month ago

sg999

@pang72, simepro land band not located at johor right? uems is due to huge landbank at iskandar.

1 month ago

calvintaneng

SIMEDARBY PLANT EARNINGS ARE MORE SUPERIOR

PALM OIL COMPANY PROFITS IN YEAR 2019 VERSUS NOW IN 2024 (After 4 to 5 Years Show Excellent Growth, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-01-08-story-h-210649988-PALM_OIL_COMPANY_PROFITS_IN_YEAR_2019_VERSUS_NOW_IN_2024_After_4_to_5_Y

1 month ago

duatlai

From .615 to .725 in 4 trading days,
After profit taking will go even stonger

1 month ago

Kekuntuman

PNB disposed maybe???to give money to asb divident

1 month ago

hhhiii123

Clear position first, selling force too strong, hope tomorrow won't rebound...

1 month ago

Iamnotasifu

after pull back. Next week Rm2

1 month ago

bullrun2025

Next week rm20

1 month ago

hhhiii123

Get ready bullet for wave2, hehe

1 month ago

pang72

Yes! Wait for wave 2 after this consolidation...
So, tmr wave 2?

1 month ago

bullrun2025

Anyone top up today???

1 month ago

tatwaiwong

today have money,so collect 0.670 lo......hahahahaha-:(

1 month ago

tatwaiwong

today think try new share,collect edgenta 0.995 de,but didint down,so 12.00pm change simperop 0.670.

1 month ago

pang72

Thought good news regarding the johor special economy zone to bring up SIMEPROP but it is like no news or Agak Agak news..
UEMS starts falling 4% but SIMEPROP up 0.5%.......
Asset back stable stock always no worry of crashing like goreng stock..

1 month ago

pang72

If you are in UEMS goreng stock, you will be scaring cut lose today . So, it is good to buy FA stock for investment like SIMEPROP.
Hope answer your question SG999

1 month ago

newbie9893

E&O already shoot up to the moon, next counter will be Simeprop...buy now to be rewarded very soon

1 month ago

sg999

if uems big fall, simepro will follow as well

1 month ago

hhhiii123

Ggg, ready to break

1 month ago

newbie9893

slowly but surely...go...go...go

1 month ago

jinchan

still can buy now?

1 month ago

pang72

70.5c liao

1 month ago

pang72

Simep is much stable, less volatile

1 month ago

pang72

I like quiet stock

1 month ago

hhhiii123

Out and prepare entry again hehe

1 month ago

bullrun2025

Anyone can advice is it the double top formed for this stock

1 month ago

hhhiii123

No double top la, anytime this counter will shoot to sky one, just how long you are willing to hold for it

1 month ago

pang72

Let's break 76.5c 52 wks high..
PROPERTY continues in focus

1 month ago

pang72

Today up 2c
Tmr up 2c
The next day up lagi 2c..

Then, 77.5c break 52wks high

1 month ago

pang72

HLIB Retail Research – 23 Jan - Bullish Tracker
Date:
2024-01-23
Firm:
HLG
Stock:
SIMEPROP
Price Target:
1.05
Price Call:
BUY
Last Price:
0.715
Upside/Downside:
+0.335 (46.85%)
SIMEPROP (5288)-Main market, Property
As the largest industrial developer in Malaysia, SIMEPROP’s is well-positioned to capitalize on the thriving industrial segment, which is benefitting from strong FDIs as a result of re-shoring activities by global manufacturers due to rising geopolitical tensions. This should bode well for the industrial contribution to SIMEPROP’s sales, which had seen sizeable increase from 0% in 2019 to 33% of its 9M23 sales. This segment is attractive, fetching higher margin and faster construction time compared to residential.

Landed residential is SIMEPROP’s forte. Overall, green shoots are emerging for residential landed in greater Klang Valley (KV) as evident from the improving and strong take-up rates enjoyed by landed township developers not only in KV but also in the fringe areas of Negeri Sembilan. Given that 94% of the group’s remaining GDV are in the greater KV region, the group is poised to greatly benefit from this trend.

Reiterates BUY with a RM1.05 TP (ascribing a 50% discount to our estimated RNAV of RM2.10) as the group’s strong execution track record and well-planned strategies should allow it to ride this new upcycle.

Positive Cup with Handle formation may spur share prices higher towards 0.765-0.795-0.93 levels

✅Current price: RM0.71

✅Entry: RM0.69-0.71-0.715

✅Resistance: RM0.765-0.795-0.93

✅Cut loss: RM0.675

✅FY12/2024E DY: 3.4%

✅Latest Book value/shr (RM): 1.45

✅Price/book value (x): 0.49 (-18% vs 10Y avg 0.6x)

✅Risk profile: Medium

Source: Hong Leong Investment Bank Research - 23 Jan 2024

1 month ago

pang72

HLG target $1.05

1 month ago

pang72

Hlib gave $3.90 target for ytlpower way accurate than others..
So, $1.05 for SIMEPROP, hopefully or I believe as accurate as ytlpower target

1 month ago

troy88

Finally showing it's potential..

1 month ago

wallstreetrookieNEW

SimeProp is currently the largest industrial developer in Malaysia with more than
RM15bn remaining GDV for industrial developments. The group has several industrial lands in
townships such as Bandar Bukit Raja, Elmina Business Park, Serenia City, Hamilton Nilai City,
Bandar Universiti Pagoh and the more recently acquired Kapar land. The industrial segment
remains attractive given the strong FDI flows to Malaysia, noting that in 2022, Malaysia recorded
its highest net FDI amounting to RM73.3bn (+52.2% YoY) (see Figure #1 below). As a geopolitically
neutral country, Malaysia is well-positioned to benefit from the de-globalization trend as
manufacturers re-shore and recalibrate their supply chains due to the ongoing US-China trade
friction and Russia-Ukraine war.

Credit: HLIB Research

1 month ago

wallstreetrookieNEW

Ready to soar. In a property upcycle, the developer that will see the largest re-rating in stock price
are those that (i) are pure-play developers; (ii) have largest landbank; (iii) strong execution; and (iv)
undemanding valuation. SimeProp meets all these criteria and currently has a head start in the
upcycle ahead of its peers given its exposure to the attractive segments. With the last hurdle of
labour shortage resolved, we think the group is ready to double down on its effort and go into market
more aggressively moving forward, which should culminate in stronger earnings growth in years to
come.

Credit: Tan Kai Shuen, CFA

1 month ago

wallstreetrookieNEW

AmanahRaya Trustee disposing shares to foreign institutional buyer. BUY

1 month ago

hhhiii123

Trend so geng, break 80 can topup again

1 month ago

pang72

https://www.sinchew.com.my/news/20240124/finance/5332515
Lagenda+SIMEPROP - > Affordable House

1 month ago

hhhiii123

Good things is I am holding both lagenda and simeprop, wakaka

1 month ago

old boy

Forming a perfect cup and handle pattern weekly chart, strong uptrend if break 0.755

1 month ago

kahfui1221

HLIB Research upbeat about Sime Darby Property-Lagenda JV housing project in Gurun

https://www.nst.com.my/property/2024/01/1006707/hlib-research-upbeat-about-sime-darby-property-lagenda-jv-housing-propject

4 weeks ago

wallstreetrookieNEW

Added more. Elmina Shah Alam is selling like hot cakes

3 weeks ago

KingKKK

Property Sector - Pre-CNY Rally Leaders and Laggards? Discussion about E&O, SIMEPROP, UEMS, SPSETIA, SUNWAY, IOIPG, MAHSING and ECOWLD

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-08-story-h-189225169-Property_Sector_Pre_CNY_Rally_Leaders_and_Laggards_Discussion_about_UEM

3 weeks ago

hhhiii123

Today so geng, hehe

1 week ago

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