UEMS, E&O earnings below expectations
Property sector Maintain neutral: Out of eight property developers under our coverage, two (UEM Sunrise Bhd [UEMS] and Eastern & Oriental Bhd [E&O]) reported earnings below expectations.
UEM Sunrise sells land to South Korean cosmetic co
KUALA LUMPUR (June 29): UEM Sunrise Bhd's wholly-owned subsidiary UEM Land Bhd signed a sale and purchase agreement (SPA) with South Korea-based cosmetic company AmorePacific Corp for the sale of a 10ha (25.
UEM Sunrise’s two-month campaign racks up RM228 mil in sales
PETALING JAYA (June 21): UEM Sunrise Bhd’s Signature Selection-Rendezvous in France 2016 which ran from April 1 to May 31, had generated RM228 million in sales, said its chief operating officer-commercial Raymond Cheah.
UEM Sunrise completes 351 units of affordable homes in Iskandar Puteri
ISKANDAR PUTERI (June 7): Property developer UEM Sunrise Bhd has handed over 20 keys to owners of the Bayu Nusantara affordable homes in Iskandar Puteri (formerly known as Nusajaya) at Iskandar Malaysia, Johor, the group announced in a press release today.
UEMS’ CNI lower due to slower-than-expected work progress
UEM Sunrise Bhd May 30 (RM1) Maintain neutral with a lower target price of RM1.
Investors shrug off developers’ unbilled sales
KUALA LUMPUR (May 30): A comforting tune to most developers amid the tepid property market is their rather healthy unbilled sales levels, which are expected to be sufficient to sustain earnings until next year end, at least.
UEM Sunrise to jointly undertake apartment project on TM’s office site in KL
KUALA LUMPUR (May 27): UEM Sunrise Berhad and Telekom Malaysia Bhd (TM) will jointly undertake a high-rise mixed development project on the telecommunications giant’s Bukit Mahkamah land, along Jalan Raja Chulan in the city centre.
A mixed bag of properties
ALL types of real estate developments — from affordable homes to premium luxury apartments, high-rise units and landed houses — can be launched during the current soft property market, says Raymond Cheah, chief operating officer, commercial, at UEM Sunrise Bhd.
UEM Sunrise launches Melia Residences Phase 3
JOHOR (May 20): UEM Sunrise Bhd officially launched Phase 3 of its Melia Residences (pictured) yesterday, backed by the full take-up of Phase 1 and 2.
Mapex Property Showcase 2016 achieves bookings for homes worth RM36 mil
PETALING JAYA (May 15): The five-day Mapex Property Showcase 2016 saw potential buyers at the fair securing bookings for homes worth RM36 million, said organising chairperson Carrie Fong.
