【SUNRISE 交流专区】阳光依旧

ccube

经过上次的挑战RM4失败回调。。阳光又悄悄的来到了RM3.90
等待下一个利好消息。。一举突破 RM 4

ccube

看来KLCI下一波涨潮要来了。。
只要这个季度的业绩不错，在加上财政预算案给产业更多优惠
阳光有机会一举突破 RM 4

ccube

观察了那么久。。。在少过RM3.8 时就是买入的良机

VALUE_INVESTOR

最新消息 theedgedaily: UOB Asset buys 5.3% of Sunrise

ccube

基本面还是很好的。。看好的可以趁低吸购 今天闭市 RM3.56
  
02-08-2007: UOB Asset buys 5.3% of Sunrise


KUALA LUMPUR: UOB Asset Management Ltd has emerged as substantial shareholder in Sunrise Bhd after acquiring a 5.33% stake comprising 22.89 million shares from the open market.

According to filings to Bursa Malaysia, the Singapore-based asset manager had acquired the shares for unit trust funds and clients.

ccube

卖压太重了
为了减少风险。。我减少了一半的持股。。
由于这支股已帮我开了一番。
卖了一半之后。。。已拿回本钱。
剩下的为纯盈利。。。
有持无恐。。作长线投资

ccube

狂飆1545.5%
陽光全年淨利增至1.08億 推薦給朋友    列印
updated:2007-08-11 12:09:52 MYT


（吉隆坡訊）陽光（SUNRISE，6165）截至2007年6月30日止，全年淨利狂飆1545.5%，從前期的657萬令吉增至1億810萬9000令吉。

全年營業額則從前期的3億5918萬5000令吉，勁揚55.38%至5億5809萬8000令吉。


該公司建議派發每股3.9仙終期股息。

ccube

可惜碰到了美国风暴。。。。 要不然就冲翻天了

ccube

14-08-2007: Sunrise’s earnings to grow 30% over next 2 years

Email us your feedback at fd@bizedge.com


ASEAMBANKERS Equity Research anticipates Sunrise Bhd’s earnings growth momentum to continue, averaging 30% over the next two years, underpinned by strong unbilled sales and upcoming new launches.

“With present unbilled sales of RM1.3 billion as of July 31, 2007 and upcoming four new properties launches in FY08 worth RM2 billion, Sunrise’s growth over the next two years is visible and exponential,” it said in a research report yesterday.

The research house said the upcoming launches, progressively in FY08, are 11@MK, Residence Ph 2 “build-then-sell” bungalows, MK28 and MK20 (commercial), it said.

However, the sterling growth did not factor in the RM51million worth of gains on the disposal of Plaza Mont’ Kiara car park and retail space to Quill Capita Trust to be completed in FY08 which it had deemed as exceptional items.

It maintained its “buy” recommendation on Sunrise and raised its target price to RM4.90 from RM4.62 based on 12 times FY09 earnings per share (EPS) which offers a 46% upside for investors.

Commenting on Sunrise’s net profit of RM108.1 million for the financial year ended June 30, 2007, Mayban Research said it came within its expectations. Revenue rose to RM558.09 million from RM359.18 million.

“We have fine-tuned our earnings forecast for FY08-FY09 by 2% to 3%. Nevertheless, we believe our earnings forecast for FY08 could be conservative if take-ups for upcoming launches surpass our expectations,” it said.

Sunrise had also proposed a final gross dividend per share of 3.9 sen, bringing the total for FY07 to 11.4 sen, which offers 3.4% gross dividend yields.

Aseambankers Research said Sunrise’s improved performance was mainly due to its ability to double property sales from RM500 million last year to RM1.2 billion in FY07, arising from strong take ups for Solaris Dutamas, Meridin and 10@Mont’Kiara during the financial year.

“This couples with contribution from on-going Solaris MK commercial developments and residential developments such as Kiara Designer Suites and Banyan.”

“However, earnings before interest and tax (EBIT) margins (ex-EI) for FY-07 was lower at 28.8% against 36.1% in FY06. This lower margin was mainly due to projects like Solaris Dutamas, Meridin and 10@MK which are still at their infancy,” it said.

Aseambankers Research also said Sunrise executive chairman Tong Kooi Ong had, at an analysts’ briefing on the FY07 results, described its venture into the Canadian housing market in Vancouver as an opportunistic buy into a two-hectare parcel of land in a fast-growing, mature township with accessibility and migration growth.

The site would be developed in two phases with a total gross development value of RM1.1 billion to RM1.3 billion, with phase one of the project targeted for launch in 1H08.

“The profit margin of the project, as we anticipated, is typical of any developed country with an average pre-tax profit margin of between 15% and 20%.”

“According to the chairman, the property development model of Canada is largely similar with Malaysia and hence project financing is not a major consideration as long as the project sells. We have yet to include this development in our earnings forecasts for Sunrise,” it said.

Meanwhile, Credit Suisse maintained its “outperform” on Sunrise and raised its target price to RM4.50. It also increased earnings per share (EPS) forecasts by 24% for FY08 due to the non-current RM51 million profit in sale of assets, and 15% for FY09 to factor in the MK20, MK28 and Vancouver projects.

“As EPS are projected to peak at 45 sen in FY09 coupled with tightening liquidity, we are applying a lower 10 times price-to-earnings (versus 12 times) to FY09 EPS to arrive at a target price of RM4.50 compared to RM4.30 previously,” it said.

It said the launch of MK11 at an estimated RM670 per sq ft this month would be the next catalyst as it was a new benchmark for Sunrise.

ccube

最新業績驕人•多項優勢助陣
陽光業務前景展望佳 推薦給朋友    列印
updated:2007-08-14 12:40:17 MYT


（吉隆坡訊）陽光（SUNRISE，6165）最新業績亮麗，分析員認為，該公司具備多項優勢，預料其業務前景有希望保持燦爛耀眼。

該公司2007財政年全年淨利從前期的660萬令吉激升至1億810萬令吉，而營業額則增長55%至5億5810萬令吉。若扣除去年一次過虧損，該公司稅前盈利按年增長22%，這主要是產業銷售走高所致。


該公司在滿家樂地區的數項產業發展計劃，皆獲得市場良好反應。這些發展計劃的總銷售毛額達27億令吉，而其中13億令吉為截至2007年6月30日為止尚未入賬銷售額。

SJ證券研究分析員指出，該公司建議派發每股3.9仙的終期股息（需扣稅27%），使它全年每股毛股息達11.4仙（淨股息為8.3仙），使它毛周息率為3.4%（淨周息率為2.5%）。

分析員表示，以調整淨資產價值模式，該公司的目標價格為4令吉30仙。該公司的優勢，包括強勁品牌、經驗豐富的管理層、在滿家樂地區地利優勢，以及偏高未入賬銷售等。 （星洲日報/財經•2007.08.14）

ccube

Sunrise poised for RM2bil sales

Unbilled sales largely from 10@Mont’ Kiara and Solaris Dutamas

By C. S. TAN

PETALING JAYA: Property developer Sunrise Bhd is building up one of the biggest reserves of unbilled sales in the country.

The company's unbilled sales rose to RM1.3bil as at end-June from RM1.1bil at end-December and RM720mil at end-June last year.

The larger contributions to these unbilled sales came from its 10@Mont' Kiara (MK10) condominium and Solaris Dutamas commercial projects, with unbilled sales of more than RM500mil each, analysts said.

Unbilled sales are similar to order books of construction companies in that both refer to sales secured from customers but not booked as revenue in the profit and loss account yet.

Typically, unbilled sales are booked as sales revenue as construction of the project progresses.

  
»RM100mil per acre has been achieved with our recent launches« DATUK MICHAEL YAM
Sunrise's unbilled sales could rise to RM2bil this year if the upcoming marketing launch of 11@Mont' Kiara (MK11) was successful, analysts said.

Sunrise managing director Datuk Michael Yam told StarBiz recently that the company would launch MK11 before the end of the year. The selling price for MK11 had yet to be determined.

“Costing, especially construction costs, is being finalised but the selling price will be in line with current market prices in the Mont' Kiara and Hartamas area.

“In tandem with the bullish sentiment and positive factors, particularly for prime high-end residential properties, registration has been very good, not only among our repeat customers but also from Singaporean prospects,” he added.

Analysts said they understood MK11 would be a condominium comprising only 338 units but the project value would be high as the average unit would be priced at about RM720 psf, and for a 2,700 sq ft unit, the price tag would be RM1.9mil.

Yam said that MK11, which would stand on 6.7 acres, was estimated to have a gross development value (GDV) exceeding RM650mil.

Those were interesting numbers, analysts said, because it showed that Sunrise had reached a stage in which it could realise a GDV or total sales of about RM100mil an acre.

Yam confirmed that rate of GDV. “It depends on the location, type or mix of development and price point. In general, RM100mil per acre has been achieved with our recent launches,” he said.

That is a high level of added value because, in contrast, a township developer would require 50 acres or more in a good location to produce a GDV of RM100mil.

  
Sunrise developed Mont' Kiara into an exclusive area that has become synonymous with luxurious condominiums. “We still have 85 acres undeveloped in the area,” Yam said.

Noting that, analysts believe if the company continues to achieve a GDV of RM100mil an acre, the rest of its land-bank offered the potential of a GDV totalling RM8.5bil.

That could increase further if the market for luxurious properties retains buoyancy.

If Sunrise launches MK11 at an average RM720 psf, that would not even set a record in the area, although it is a rich price.

The record still stands in the Sunway Palazzio condominium that was priced at RM846 psf. That is being developed by Sunway City Bhd in the Sri Hartamas suburbs that are adjacent to Mont' Kiara.

Aseambankers said in a note that Sunrise had four new property projects that would be launched in its current financial year ending June 30, 2008.  

These are MK11, MK20, MK28 and Residence 2 bungalows and, together, the GDV would be about RM2bil.

ccube

27-09-2007: Sunrise’s unbilled sales may rise to RM2b in FY08

Email us your feedback at fd@bizedge.com


HWANGDBS Vickers Research has maintained its “buy” call on Sunrise Bhd at RM3.34 with a revised net asset value of RM4.90 on the back of earnings visibility for the next two years with high unbilled sales projected.

“Sunrise remains one of our top picks in the sector for being the leading luxury property developer in the country. Its strong branding is evident from the brisk sales of its properties and high percentage of repeat buyers.

“It remains one of the cheapest stocks among its peers and trading at 32.3% discount to its RNAV (revised net asset value). We believe the current market weakness presents a good opportunity to accumulate,” it said in a research note.

HWANGDBS Vickers Research revised its earnings FY08 (-17.2%) and FY09 (-9.3%) forecast for Sunrise due to the deferment in launching 11@Mont’ Kiara, and also adjusted the timing of project launches and revenue recognition for other planned projects in the pipeline such as MK20 and MK28.

“We expect Sunrise earnings to grow at a CAGR (compounded annual growth rate) of 34.4% for FY07-10. We believe Sunrise is able to maintain the earnings momentum with the good mix of products planned for the next three years,” it said.

HWANGDBS Vickers Research said Sunrise’s recent preview of 11@Mont’ Kiara was well received. “We understand more than 75% of the 338 units with estimated GDV (gross development value) of RM810 million have been pre-booked even before its official launch expected end-2007.”

“By just assuming 50% of the bookings translated into sales, we are estimating Sunrise to garner RM304 million on its launch at end of the year. Sunrise’s competitive advantage is evident from the constant brisk sales of its properties,” it said.

The research house expects the successful launch of 11@Mont’ Kiara together with three other projects would increase its unbilled sales to the unprecedented RM2 billion level in FY08, underpinning earnings for the next two years.

It said the new project also indicated Sunrise’s capability of improving the GDV per acre of its landbank in Mont’ Kiara. “We estimate 11@Mont’ Kiara’s GDV per acre increased by 37.5% to RM135 million compared to its previous project, 10@Mont Kiara,” it said.

ccube

吉隆坡訊）陽光（SUNRISE,6165）未來3至5年盈利透明度高，包括鎖定未入賬銷售額豐厚，旗下策略性黃金地點的產業計劃受落，使分析員對其業務前景十足信心，未來盈利表現可期。

分析員說，陽光陸續推出5項產業發展計劃，總發展價值為32億令吉，以及未入賬銷售額13億令吉，未來3至5年的盈利透明度高，未來3年的營業額及淨利累積平均成長率，分別達31%及33%。

該公司首季的銷售額達1億2000萬令吉，而截至2007年9月30日為止未入賬銷售額則達高13億令吉，盈利表現看俏。

分析員指出，公司在滿家樂地區發展的產業計劃繼續獲得市場良好反應，包括SOLARIS滿家樂、SOLARIS杜達瑪士、家樂設計師套房、BANYAN、MERIDIN、以及10滿家樂等。

該公司甫宣佈的2008年財政年首季業績顯示，淨利激增260%至7540萬令吉，營業額增長114%至2億零60萬令吉。這歸功於更佳銷售額、更積極收賬、及脫售滿家樂大廈商業單位、停車場獲得9000萬令吉營業額（4660萬盈利）之故。

SJ證券表示，扣除上述脫售商業及停車場單位所獲得的特別盈利，該公司營業額則成長27%，而按年稅前盈利則增長13%。

探討回退股票

該公司在首季沒有派發股息，不過，管理層探討回退股票獎掖股東的可能性。

根據調整淨資產價值估計模式，該公司目標價達4令吉30仙。該公司的優勢包括強勁品牌、經驗豐富的管理層、在滿家樂發展區根深地固地位、偏高未入賬銷售額、以及從政府多項產業措施中受惠。

該公司宣佈符合預測最新業績之後股價走高，以3令吉50仙全日最高價開市，揚升14仙。全天收市時起10仙，至3令吉46仙，成交量為79萬7300股。

亞歐美研究表示，陽光2008財政年首季淨利僅達全年預測的19.2%，這是意料之中，因為自2006年杪以來沒有推出新產業計劃。

相信該公司全年核心淨利成長仍有望達38%，主要是截至2007年9月30日為止未入賬銷售額達13億令吉，以及即將要推出兩項計劃-MK11及RESIDENCE第二期，總發展價值達9億1000萬令吉，並預料會在2007年12月推介，預訂單已達80%。

預料今年杪時，該公司未入賬銷售額將達19億令吉的新高水平。預測全年核心淨利預測保持在1億4900萬令吉。目前在2008財政年預測本益比10.1倍水平，加上4.7%毛股息，仍然具吸引力。

安聯研究認為，滿家樂地區蓬勃產業價值，將使陽光受惠匪淺，在滿家樂持有其餘87.76英畝地庫，料在未來5至8年里作出良好盈利貢獻。

陽光最近在加拿大里奇蒙收購4.84英畝土地，以供綜合產業發展計劃，以及在吉隆坡城中城附近1.65英畝土地興建一幢辦公室大廈，預料使2009財政年盈利朝向新高水平

Mr.Business

原帖由 ccube 于 5-2-2007 09:29 PM 发表
个人认位这是一个很不错的公司。
可攻可守
买价：RM1.66    ->> 更新RM3.50(27/9/2007)  !!!!   
优点：
1。 稳定的业绩,高档产业赚幅高.  
2。 优于定期存款的股息， RM0.10/年  0。10/2。23 = 4。4%
...

恭喜【SUNRISE 交流专区】成立，请继续热烈讨论！

ccube

谢谢版主。。。
我买支股已回本，现在是纯盈利，放进冰箱了 :-)
有新消息。。请大家贡献贡献

mjchua

6165	SUNRISE	240,000	921,600.00	02/07/2007	3.840
6165	SUNRISE	36,000	138,960.00	18/07/2007	3.860
6165	SUNRISE	35,000	135,100.00	19/07/2007	3.860
6165	SUNRISE	36,000	141,120.00	24/07/2007	3.920
6165	SUNRISE	33,400	117,300.80	03/10/2007	3.512
6165	SUNRISE	11,000	35,860.00	23/11/2007	3.260
6165	SUNRISE	8,000	27,520.00	30/11/2007	3.440

ccube

拿督任广财(阳光（Sunrise，6165，主板产业股）董事经理):放宽交易条例 产业前景保持正面 2007/12/28 18:28:20
●南洋商报


问：您对于2008年大马产业市场的展望？


答：2008年，产业市场前景将保持正面。由于物价上涨，产业仍是最保值的投资项目，抗衡通货膨胀。另外，人口及年轻人口增加，使基本房屋需求提升，加上利率处于低水平而且市场资金充裕。

随着投资、产业拥有权及交易等条例放宽，产业市场料受到激励。

问：2008年大马产业市场的趋势？

答：基于较好的基本面，加上大马经济增长率可能达6％或以上，我们继续看好产业市场。

随着产业盈利税被废除、外资购买产业条件放宽、政府积极宣传“大马第二家园”及外资购买产业贷款条件更简捷，产业领域的销售额也随着上涨。

另外，年轻人口多、人口增长率每年达2.4％、银行更容易获得房屋贷款，促进房屋需求。

雇员公积金局会员允许提款也是产业领域另一项认购率的催化剂。2008年1月起，会员可以从第二户头提取款项支付房屋贷款，预计，约有90亿令吉的流动现金将流入市场内。

截至目前，阳光的销售额及未来计划的登记，都反映了非常好的购买情绪。

问：贵公司于2008年将专注在什么类型的发展项目？

答：我们将继续专注于高档的住宅产业，同时，以高素质的零售及商务产业互补，以满足购屋者越来越高的要求。

我们欲复制结合了高素质国际学校、商务中心，综合零售空间及世界级设备的高档公寓住宅区发展概念。

阳光在满家乐的产业卖点是良好的地点、环境、安全、独特的生活品味、优良基本设备、服务及公共设备。而且，我们将持续给予顾客更好的产品。

阳光在满家乐的产业资本增值达40％，同时，租金回酬达8至12％，其中60％的购屋者为重复买者。

问：对于明年收益的预测？

答：我们有信心，截至2009年6月30日的财政年，所推介计划都获得很好的认购率。2006及2007年，本公司推出的工程获得热烈反应，而预先登记也反映了购屋者强烈的购屋情绪。

基于良好的信誉，我们有信心，接下来推介的4项新工程将很快获得认购。

另外，截至2007年9月30日，阳光未结帐的销售额达12亿令吉，因此，预计明年销售营业额及收益将明显上涨。

东邪

6165            
Notice of Cessation of Substantial Shareholder (29C)  

Particulars of Shareholder 39  

Name : United Overseas Bank Limited
NRIC/Passport No./Company No. : 193500026Z
Nationality/Country of Incorporation : Singapore

Address:
80 Raffles Place, UOB Plaza, Singapore 048624

Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each


Name and Address of Registered Holder:
Cartaban Nominees (Asing) Sdn Bhd, Level 3A, Menara Standard Chartered, 30
Jalan Sultan Ismail, P O Box 13150, 50250 Kuala Lumpur, Malaysia.


Details of Changes

Date of Notice : 31/12/2007

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 26/12/2007 Disposed 920,000 -


Circumstances by reason of which change has occurred:  
Open market sale by UOB Asset Management Limited for Unit Trust Funds managed
on discretionary basis

Nature of Interest:
Deemed interest

Consideration:



No of Shares Held After Changes:
Direct : 0 shares (0.0000%)  
Indirect/Deemed Interest : 0 shares (0.0000%)  
Total : 0 shares

Remarks:
The Form 29C was received on 31st December 2007.


Submitted By:
Sylvia Chong


31/12/2007   05:50 PM

东邪

6165            
Notice of Cessation of Substantial Shareholder (29C)  

Particulars of Shareholder 39  

Name : UOB Asset Management Ltd
NRIC/Passport No./Company No. : 198600120Z
Nationality/Country of Incorporation : Singapore

Address:
80 Raffles Place, UOB Plaza 2, #09-00, Singapore 048624

Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each


Name and Address of Registered Holder:
Cartaban Nominees (Asing) Sdn Bhd, Level 3A, Menara Standard Chartered, 30
Jalan Sultan Ismail, P O Box 13150, 50250 Kuala Lumpur, Malaysia.


Details of Changes

Date of Notice : 31/12/2007

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 26/12/2007 Disposed 920,000 -


Circumstances by reason of which change has occurred:  
Open market sales by UOB Asset Management Ltd for Unit Trust Funds managed on a
discretionary basis

Nature of Interest:
Deemed interest

Consideration:



No of Shares Held After Changes:
Direct : 0 shares (0.0000%)  
Indirect/Deemed Interest : 0 shares (0.0000%)  
Total : 0 shares

Remarks:
The Form 29C was received on 31st December 2007.


Submitted By:
Sylvia Chong


31/12/2007   05:50 PM

东邪

6165            
Notice of Interest Sub. S-hldr (29A)  

Particulars of Shareholder 38  

Name : Employees Provident Fund Board
NRIC/Passport No./Company No. : EPF ACT 1991
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur

Descriptions (Class and Nominal Value):
Ordinary shares of RM1 each


Name and Address of Registered Holder:
Refer to remarks


Details of Changes

Date of Notice : 24/12/2007

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 24/12/2007 Acquired 24,157,300 -


Circumstances by reason of which change has occurred:  
Accumulation of several purchases of shares from open market by EPF and
accumulation of shares managed by portfolio manager of EPF

Nature of Interest:
Direct

Consideration:



No of Shares Held After Changes:
Direct : 24,157,300 shares (5.6070%)  
Indirect/Deemed Interest : 0 shares (0.0000%)  
Total : 24,157,300 shares

Remarks:
Kindly refer to Bursa Malaysia's website via
http://announcements.bursamalaysia.com for full text of this announcement


Submitted By:
Sylvia Chong


31/12/2007   06:37 PM