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SIMEPROP (5288) : SIME DARBY PROPERTY BERHAD
kwok_39
Member Star
Posts: 440
Joined: May 2017
Male, MYS
04 Dec 2017, 05:49 PMPost #1

I May put Sime Darby Property at support of rm 0.98 and support 0.78.May see it below Rm 1.00 a while  before any meaningful rebound.

 

kwok_39
Member Star
Posts: 440
Joined: May 2017
Male, MYS
15 Oct 2018, 05:32 PMPost #2

yeahyeahI'm right.Wht I predict on 4 Dec 2017.

KAMALZSO
Member Star
Posts: 7
Joined: Oct 2018
Male, MYS
17 Oct 2018, 07:44 AMPost #3

Time to buy? 

yusofalibee
Member Star
Posts: 12
Joined: Jan 2019
Male, MYS
12 Jan 2019, 04:10 PMPost #4

time to buy

i4value
Member StarMember Star
Posts: 521
Joined: Aug 2020
Male, MYS
30 Dec 2023, 10:18 AMPost #5

The Malaysian property sector had been soft for many years. This slowdown long before Covid-19. A few years back I wrote an article about whether the Bursa property sector will recover by 2024. My idea of recovery is to get back to the 2016/17 performance.

I think the sector is going to do well in 2024. If you look at the housing starts data you can see an uptrend since 2020. It normally takes about 3 to 5 years for property projects to be completed from the start of construction. As such housing starts can be a forward indicator. A continuous uptrend will mean that performance of property companies in the coming years will be better.

The chart below “synchronized” the housing starts with the revenue for the large Bursa property companies (those with equity > RM 1 b) You can see that although the housing starts peaked in 2014 the sector revenue peaked a few years later in 2016/17.

While we have yet to see the data for the housing starts for 2023 or even the large companies revenue for 2023, I am confident that they will be higher than those for 2022. The questions are whether the 2024 revenue will be at the same level as that for 2016/17. And if so, will the stock price respond accordingly.

1

yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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