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UEM Sunrise Bhd (KL:UEMS) has received development approval for its 0.49ha site in Perth, Australia - The Oval Subiaco East
Greater Kuala Lumpur - The Connaught One serviced apartment; KAIA Heights Equine; Intrika double storey terrace; Radia, Bukit Jelutong serviced apartment;
Kiara Bay - Residensi AVA @ KIARA BAY; Residensi ZIG @ Kiara Bay serviced apartment;
Mont'Kiara - The MINH Condominium; Allevia Condominium; Residensi22 Apartment; Residensi Sefina; 28 Mont’Kiara; Arcoris SoHo; Arcoris Residences; Astrea; Arcoris Suites; Arcoris Plaza;
Dutamas - Publika Shopping Gallery, Solaris Dutamas;
Solaris Parq - Residensi Solaris Parq Apartment; Solaris Parq The Office
Selangor - Serene Heights, Semenyih;
Cyberjaya - Mozart Terrace; Beethoven Semi-detached; Schubert Terrace; Schumann 2 Terrace; Verdi Eco-dominium Apartment
25 Sept 2024 — Three of UEM Sunrise Bhd's (KL:UEMS) projects in Iskandar Puteri, Johor, with a combined gross development value (GDV) of RM499 million
Gerbang Nusajaya; Puteri Harbour - Teega Tower/ Imperia Tower/ Puteri Harbour International Ferry Terminal; East Ledang Housing; Nusa Idaman Condominium; Senadi Hills Terrace; Nusa Bayu;
Desaru Coast - The Maris Desaru Coast/ The Maris Precinct 1 Semi detached
Malaysia Vision Valley - Forest Heights/ OSKAR Residence/Arden Hill/ Broadhill Resince / Begonia Forest Heights
This is how market reacts based on analyst reports. Very often they will short sell whenever they received bad review. They don't have time to go through every analyst reports. They usually missed out a lot of things. When this happens, some of us sees this has an opportunity to acquire shares at cheaper price and make some money. Let me give you several examples.
There are market expectations. They get their numbers from local investment banks. Local investment banks compared theirs with Bloomberg. Bloomberg has set certain numbers e.g. revenue & EPS growth y-o-y. UEM Sunrise missed their expectations. But at the same time, they especially Investment Banks and their financial analysis or CFA, knew UEM Sunrise sales and launches has picked up since last August. They also believe UEM Sunrise will improve its earnings and sales from property development & land sales segment in coming quarters. We can see that in 3QFY24 recently compared with 1QFY24 and 2QFY24.
They also confirmed that UEM Sunrise is on course to exceed its new sales target of MYR1.0 bil for this year. And they also give some assurance that UEM Sunrise unbilled sales of MYR2.9bil is good. This will provide UEM Sunrise some idea how their revenue and cashflow going to be for the next 18 to 36 months. They know UEM Sunrise financial position remains solid.
Those short sellers will soon covering their shorts and start buying again UEM Sunrise.
Fu*k 'em all!!
PS They didn't not take into consideration on Johore - Singapore Economic Zone
In 3Q24, the company rolled out MYR808m worth of projects in Iskandar Malaysia, include Aspira Hills Phase 1 (GDV: MYR313m), Aspira LakeHomes 4, 5 and 6 (GDV: MYR230m) and DiReka Square shops (GDV: MYR249m). All units at Aspira Hills and DiReka Square are now fully booked or sold. Expect a portion of these sales to flow through to its 4Q24 and 1Q25 books.
Sales for existing projects were encouraging, and pointed to an improvement.
Take-up rates forThe Minh rose to 68% in 3Q24(2Q24:58%), while that for The Connaught One increased to 50% (2Q24: 42%), and Residensi ZIG, to 33% (2Q24: 19%).
PS When you ride or drive fast things, you need to have some feel. You don't simply go fast like a nut case. You need to know how your tires grip. How your suspensions react on small bumps. And how your brakes bite.
Many CFAs provide little details. Unlike them, Loong Kok Wen, she gives particular attention to small details.