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Earnings were largely driven by higher billings from existing projects e.g. s The Meg, Arica as well as the Senna and Fera landed homes at Andaman Island continued to pick up, as well as its newly launched project, The Lume & The Peak and Conlay. all the projects are fully or almost fully sold. The Lume, which features large units, is already 41% taken up.
Healthy pipeline of launches. Marina Apartments will be launched in early December. This project has a GDV of MYR634m, and features 524 units with sizes ranging 900-1,300sqf and an ASP of around MYR1,200psf, is the first seafacing service apartment project on Andaman Island.
Meanwhile, Senna and Fera Phases 3 and 4 (GDV: MYR306m) will be rolled out in May next year, and the first phase of Elmina landed homes is scheduled to be launched in 2QFY26.
LRT project Segment 1 of the Penang LRT Mutiara Line project, which connects Komtar to Silicon Island may boost Andaman Island land value
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.
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
(Reuters) -Global sales of fully electric and plug-in hybrid vehicles rose 35% in October from the same month last year, led by a 54% jump in sales in China, market research firm Rho Motion said on Wednesday.
What share buyback does is it reduces the number of outstanding shares in the market. No of shares available for us to trade is getting lesser. That depends on how aggressive the COMPANY buys back its shares. It depends on their cash availability.
When no of outstanding shares is getting smaller, this has several effects on the COMPANY financial indicators especially EPS. The COMPANY EPS will increase and higher than usual while there is no growth in their income or business. This also depends on how aggressive the COMPANY buys back its shares.
This also increases major shareholders' stake in the COMPANY. Share buybacks reduces public shares portion while this will increases major shareholders stake holding in the COMPANY. They will get more benefits than the public whenever there is dividend payout. Mr Looi LOVES dividend!!
When any COMPANY believes its share price is under value, the COMPANY wants to show its a good company, they do this by doing share buy back.
BUT in SWIFT case, the number of share buyback is small for the time being. Lets see how bad this COMPANY believes it values more. If their share buyback is not convincing enough, its all for SHOW.
Kebanyakan nuclear power plant Iran terletak di bahagian Barat Iran. Refinery & Storage tanks terletak di bahagian Selatan Iran. Jarak Israel & Iran di antara 1,000 hingga 1,500km bergantung ikut laluan. Ada 3 laluan udara. 1 Israel - Turkey - Iran; 2 Israel - Syria - Iran; 3 Israel - Semenanjung Arab - Iran.
Israel suka guna laluan 3. US ada aircraft fuel tanker standby selalu isi minyak dekat Bahrain. Israel suka guna laluan 3 utk misi pengeboman pelabuhan & oil storage tank di Yemen.
Israel mungkin terpaksa guna kaedah sabotag.
Options remain OPEN.
Nuclear weapons - We all aware there is so much hype on Israeli possesses nuclear warheads BUT we do know this. They have to do nuclear tests especially underground nuclear testing e.g. India, Pakistan & North Korea. So far, Israeli has done none. In fact, several key politicians demanded Israeli to use nuclear weapons on their enemy e.g. Syria in 1970 and Amichai Eliyahu early last year. And yet no nukes so far. We believe Israeli hasnt possess nuclear weapon.
But last week, there was a 4.6 richter scale earthquake in Iran yesterday. Its epicentre in Aradan, Semnan province, at a shallow depth of just 10 km around 10:45 PM local time. USGS also confirmed this. This particular earthquake was a bit extraordinary. There were no aftershocks. Its signatures are very similar with any other nuclear tests by Pakistan, India, North Korea and Russia.
Iran's VLCCs are found anchored away from Kharg Island. Crude oil supplies remains tight as of now.
Lets look at this objectively.
1 If Israel decides to retaliate by striking at Iran’s oil infrastructure, then the most logical target would be the 111 year old Abadan Refinery across the Shatt Al-Arab River bordering between southern Iraq and Iran. This single refinery accounts for roughly a quarter of Iran’s daily domestic fuel supply. This won't have effect on world crude oil price. Israel might consider this option.
2 Striking the country’s largest crude oil export terminal (Kharg Island) however would risk world crude oil price entering triple dollar digits. Iran is currently exporting as much oil to China as Saudi Arabia.
Surely Iran will launch counter strike. What then?
1 Israel is small. Israel only has 3 offshore gas fields, Tamar, Leviathan and Karish (which they got it from Lebanon after they ended maritime dispute in 2022). Tamar offshore gas platform was hit by Iranian missile and were captured and gone viral online.
2 Power plants. There are more than 83 power plants in Israel!!! BUT only 3 of them are more than 1,000 MW Combined Cycle Gas Turbine Power Plant. What interesting about these power plants are they use natural gas supplied by Egypt via a gas pipeline running from Arish, Sinai Peninsular to Ashkelon (just a few kilometer offshore Gaza Strip). If US can sabotage Nord Stream gas pipeline, why not Arish - Ashkelon.
3 Nuclear Power Plants. Israel has no nuclear power generation BUT they have ONE nuclear reactor at Negev Nuclear Research Center near Dimona which were also targeted recently.
Tension remains high. We see Iran is garnering support from all around the world and getting even more bolder e.g. FM visit to Lebanon, Imam Ali Khamenei led Friday prayer recently, Iran President visit to Qatar and Houthi's attacks on over 40 ships in the Red Sea & Gulf of Aden and etc.
Crude oil price remains elevated for the time being.
