Is SimeProp Looking For Industrial Ventures With SD Guthrie?
Is SimeProp Looking For Industrial Ventures With SD Guthrie?
Sime Darby Property sees its FY24 sales target being revised upwards from RM3 billion to RM3.5 billion, driven by strong sales momentum in the first half of the year.
Sime Darby Property預計其2024財年銷售目標將從30億馬幣上調至35億馬幣，受到上半年銷售勢頭強勁的推動。
Bookings as of August 2024 have reached RM2.2 billion, and the outlook remains positive for achieving or surpassing the revised target. Analysts said despite falling short on profit guarantees from the Battersea Power Station project, the impact under International Financial Reporting Standards 17 (IFRS 17) is anticipated to be minimal. SimeProp also plans to expand its operations by leasing additional data centres and advancing its SHIFT25 strategy.
截至2024年8月預訂訂單已達到22億馬幣，並且實現或超過修訂的目標的前景仍然積極。分析師表示，儘管未能按照百威發電站項目的利潤保證，但根據國際財務報告準則17（IFRS 17）的影響預計將極小。SimeProp還計劃通過租賃額外的數據中心和推進其SHIFT25戰略來擴大業務。
One analyst maintained the MARKET PERFORM meanwhile another analyst put BUY call, with a target price (TP) of RM1.36 and RM2.00 respectively. The SHIFT25 strategy focuses on enhancing recurring income through initiatives such as Engine 1, 2, and 3, and exploring new business segments including affordable housing. SimeProp's approach to its data centre project involves Google leasing the facility, which is expected to enhance the value of adjacent land and create further benefits within Elmina Business Park.
一位分析師維持了市場表現，而另一位分析師表達了買入看漲的意見，目標價分別爲1.36馬幣和2.00馬幣。SHIFT25戰略專注於通過Engine 1、2和3等舉措增強重複收入，並探索包括可負擔房屋在內的新業務領域。SimeProp的數據中心項目涉及Google租賃設施，預計將增強相鄰土地的價值並在Elmina Business Park內創造更多利益。
Management's briefing highlighted that losses from the Battersea Power Station project are considered non-recurring, and future losses are expected to be minimal. Leasing prospects for 50 Electric Boulevard are promising, with notable commitments from SharkNinja and a global marketing agency. SimeProp aims for 80% occupancy of the office tower by the end of 2025.
管理層簡報強調，百威發電站項目的虧損被視爲非經常性的，預計未來的虧損將很小。50 Electric Boulevard的租賃前景看好，SharkNinja和全球營銷機構已做出顯着承諾。SimeProp旨在在2025年底時將寫字樓塔架的佔用率提高到80%。
In addition, SimeProp's retail portfolio is gaining strength. The recently opened Elmina Lakeside Mall is 98% committed, reflecting strong execution. KL East Mall has achieved a 96% occupancy rate and is now providing a yield of 6.5-7%. The high occupancy rate at Elmina Lakeside Mall is expected to yield similar returns in a shorter time frame.
此外，SimeProp的零售業務組合正在增強。最近新開業的Elmina Lakeside Mall已承諾98%的租賃率，展現出強勁的執行能力。KL East Mall已實現96%的佔用率，目前提供6.5-7%的產量。Elmina Lakeside Mall的高佔用率預計將在較短時間內產生類似的回報。
Looking ahead, analysts say that SimeProp is likely to continue exploring opportunities in the data centre sector and may collaborate with its sister company, SD Guthrie, to further industrial development. SD Guthrie's plan to develop 10,000 acres of estate land in West Malaysia could provide long-term growth prospects for SimeProp.
展望未來，分析師表示，SimeProp可能繼續在數據中心領域探索機會，並與其姊妹公司SD Guthrie合作，進一步推動工業發展。SD Guthrie計劃在西馬來西亞開發10,000英畝的土地，爲SimeProp提供長期增長前景。
譯文內容由第三人軟體翻譯。