UEMS (5148) UEM阳光 - [UEM SUNRISE BHD,澳大利亚项目,土地剥离及库存盈利化计划将作出积极贡献] - James的股票投资James Share Investing


 [UEM SUNRISE BHD,澳大利亚项目,土地剥离及库存盈利化计划将作出积极贡献]

在本季度,Solaris Parq,Serimbun和Kiara Kasih的新产品成功推出但仍处于开发的初始阶段。随着Almas,Sefina和Estuari项目的良好的建设进度和土地出售的完成,让项目开发进度周期的影响在一定程度上得到了缓冲。

由于运营支出减少,特别是新推出的营销和促销费用,营业利润与上一季度相比有所改善。

由于联营公司​​及合营公司的净贡献较高,UEM阳光于期内的盈利较上一季度同期略高。

前景:
继2017年增长5.9%后,马来西亚经济的增长预计将在2018年继续增长。2018年的实际GDP增长预计将增长5.5%,这主要受到强劲外部因素和加强的国内需求的推动。根据2017年房地产市场报告,每单位价格范围内交易价格为500,001令吉至100万令吉的住宅物业市场份额从2010年的5.1%增长至2017年的13.1%。住宅物业交易价值同比增长4.4% - 从2016年的656亿令吉到2017年的685亿令吉。贷款审批率在2018年第一季度提高了,达到43%(2017年第一季度:40%),而批准的贷款总额同比增长2.9%。中长期前景仍然乐观,对战略地点的房地产具有令人鼓舞的需求(当有对的价格和价值主张)。

为满足市场的预期,UEM阳光最近在南部和中部地区推出了中档市场和经济适用住宅产品。位于Iskandar Puteri的Bukit Indah附近的Serimbun于2018年2月推出。包括215套双层露台房屋,建筑面积从1993到2117平方英尺,单价从63万令吉开始,销售额包括预订量截至目前为止为73%。2018年3月,UEM阳光与联邦领土部合作,在吉隆坡Segambut成立了集团首个Rumah Wilayah Persekutuan(“RUMAWIP”)Kondominium Kiara Kasih。这座40层高的大楼共有719套住宅,建筑面积为850平方英尺,单价为RM300000。到目前为止,包括预订在内的销售额为39%。UEM阳光认为,Serimbun和Kondominium Kiara Kasih都将获得值得赞扬的销售。

就UEM阳光增加中区地区业务而言,这集团于二零一八年四月与Mega Legacy Equity私人有限公司订立有条件股东认购协议,以认购Mega Legacy (M) Sdn Bhd ("MLM")之50%+ 1普通股,认购价为2.793亿令吉。 MLM以4亿1640万令吉的购买代价收购了位于吉隆坡甲洞的72.7英亩土地。UEM阳光计划在土地上进行混合商业开发,主要是服务式公寓,其次是商业用品和设施,旨在建立一个综合性乡镇。首次推出的将是2019年定位的中端市场产品。

UEM阳光继续积极盈利化南部及中部地区的库存,并乐观地认为澳大利亚项目,土地剥离及库存盈利化计划的贡献将对这集团2018年的盈利能力及现金流量状况作出积极贡献。于二零一八年二月,UEM阳光推出「新年,新家」活动,其中包括各种价值主张,即轻松进入,轻松计划,轻松移动及轻松优惠,以提升对这集团产品主张的认知,并进一步推动销售及库存盈利化。 2018年第一季度,其销售额达到3.541亿令吉,符合其实现销售目标12亿令吉的轨迹。 2018年,UEM阳光的销售额和GDV目标分别为12亿令吉和10亿令吉,并准备根据市场情况来进一步推出项目。截至2018年3月31日,未记账销售额保持健康,为48亿令吉。

UEM阳光亦于2017年进行了少量非战略性土地剥离,预计将于2018年完成。Iskandar Puteri的土地出让量约为163.92英亩,总面值为3.1亿令吉,预计将在2018年第3季度卖给Country View Berhad。向Kimlun Corporation Berhad出售28.995英亩土地,价值8,210万令吉,预计将于2018年第2季度/第3季度完成。UEM阳光继续为撤资目的来确定非战略性土地。

鉴于澳大利亚墨尔本Aurora Melbourne Central和Conservatory的建设进展强劲,UEM阳光预计两个项目将分别于2018年第3季度及2018年第4季度完成及移交。 Aurora Melbourne Central的首批部分将是第一个可分离的parcels,包括32个level,GDV为8700万澳元。 GDV为3.2亿澳元的Conservatory预计将于2018年底完工并交付。
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我希望将我的策略分享给读者,希望他们在阅读后能够表现出色。我正在使用基本面分析(Fundamental Analysis):

预计公司每年的增长率必须> 14%

我想说服读者学习基本面分析FA以便能从股市赚钱。

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最终决定永远是你的,谢谢。

James Ng
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In the current quarter, the successful new launches of Solaris Parq, Serimbun and Kiara Kasih are still at the initial stage of development. The impact of this project development progress cycle to a certain extent is cushioned with the completion of a land sale and good construction progress from Almas, Sefina and Estuari projects.

Operating profit improved as compared to the immediate preceding quarter due to lower operational expenditure particularly marketing and promotional expenses incurred for new launches.

The Group recorded slightly higher profit for the period as compared to the preceding quarter's corresponding period due to higher net contribution from associates and joint ventures.

Prospects:
The growth for the Malaysian economy is expected to continue in 2018 following the growth of 5.9% in 2017. Real GDP growth for 2018 is expected to grow by 5.5% driven by domestic demand reinforced by strong external factor. Based on Property Market Report 2017, the market share of residential properties transacted in the RM500,001 to RM1m per unit price range grew from 5.1% in 2010 to 13.1% in 2017. The value of residential property transactions increased by 4.4% year-on-year from RM65.6b in 2016 to RM68.5b in 2017. Loan approval rates improved in 1Q 2018 at 43% (1Q 2017: 40%) whilst total amount of loans approved grew by 2.9% year-on-year as at 1Q 2018. The medium to longer term prospects remain positive with encouraging demand for properties in strategic locations with the right pricing points and value proposition.

In meeting the market's expectations, the Group recently launched landed mid-market and affordable residential products in both the Southern and Central regions. Serimbun near Bukit Indah in Iskandar Puteri was launched in Feb 2018. Comprising 215 units of double storey terrace houses with built up area from 1993 to 2117 square feet priced from RM630000 per unit, sales including bookings as at to-date is 73%. In March 2018, the Group in collaboration with the Ministry of Federal Territories launched Kondominium Kiara Kasih, the Group's first Rumah Wilayah Persekutuan ("RUMAWIP") in Segambut, KL. The 40-storey tower features 719 residences with built up area of 850 square feet each priced at RM300000 per unit. Sales to-date including bookings is 39%. The Group is positive that both Serimbun and Kondominium Kiara Kasih will achieve commendable take-up.

With regards to the Group's efforts to increase presence in the Central region, the Group had in April 2018 entered into a conditional Shareholders' Subscription Agreement with Mega Legacy Equity Sdn Bhd for the subscription of 50% + 1 ordinary shares in Mega Legacy (M) Sdn Bhd ("MLM") at a subscription price of RM279.3m. MLM had acquired 72.7 acres of lands in Kepong, KL at a purchase consideration of RM416.4m. The Group plans to undertake a mixed commercial development on the land mainly service apartments followed by commercial offering and amenities with a vision to create an integrated township. The first launch will be a mid-market product targeted in 2019.

The Group continues to aggressively monetise inventories in both the Southern and Central regions and is optimistic that the contribution from the Australian projects, land divestments and inventories monetisation initiatives will contribute positively to the Group's 2018 profitability and cashflow position. In Feb 2018, the Group launched "A New Year, A New Home" Campaign which encapsulate various value proposition namely, Easy Entry, Easy Plan, Easy Move and Easy Privileges to create awareness of the Group's product proposition and further push sales and monetise inventories. In 1Q 2018, it secured sales of RM354.1m in line with its trajectory to achieve the sales target of RM1.2b. The Group remains prudent in its sales and GDV targets of RM1.2b and RM1b respectively for 2018 and ready to activate further launches depending on market condition. Unbilled sales remains healthy at RM4.8b as at 31 March 2018.

The Group has also entered into few non-strategic land divestments in 2017 which are expected to be completed in 2018. The divestment of land in Iskandar Puteri measuring approximately 163.92 acres to Country View Berhad for a total consideration of RM310m is expected to be completed in 3Q 2018, whilst the disposal of 28.995 acres of land to Kimlun Corporation Berhad of RM82.1m is expected to be completed in 2Q/3Q 2018. The Group continues to identify non-strategic lands for divestment purposes.



In view of the strong construction progress from both Aurora Melbourne Central and Conservatory in Melbourne, Australia, the Group expects both projects to be completed and handed over in 3Q 2018 and 4Q 2018, respectively. The initial component of Aurora Melbourne Central to be delivered is the first separable parcels comprising 32 levels, a GDV of AUD$87m. Conservatory with GDV of AUD$320m is expected to be completed and handed over towards the end of 2018.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page https://web.facebook.com/jamesshareinvest/

Final decision is always yours, thank you.

James Ng

https://www.facebook.com/jamesshareinvest/posts/2056600747940002