Is SimeProp Looking For Industrial Ventures With SD Guthrie?
Is SimeProp Looking For Industrial Ventures With SD Guthrie?
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.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预计其2024财年销售目标将从300亿马币上调至350亿马币，这得益于上半年强劲的销售势头。
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，预订额已达到220亿马币，而实现或超越修订后的目标的前景依然乐观。分析师表示，尽管来自百达西电站项目的利润保证不及预期，根据国际财务报告准则17（IFRS 17）的影响预计将会很小。SimeProp还计划通过租用额外的数据中心和推进其SHIFT25战略来扩大其业务规模。
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.
一位分析师维持市场表现，同时另一位分析师表示买入，目标价分别为1.36马币和2.00马币。SHIFT25战略侧重于通过Engine 1、2和3等举措增强循环收入，并探索包括廉价住房在内的新业务领域。SimeProp对其数据中心项目的方法涉及谷歌租赁设施，预计将增强相邻土地的价值，并在Elmina Business Park内创造进一步的利益。
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.
管理层的简报强调，百达西电站项目的损失被视为非经常性损失，预计未来的损失将会很小。50 Electric Boulevard的租赁前景令人鼓舞，并且有来自SharkNinja和一家全球营销代理公司的重要承诺。SimeProp旨在在2025年底前让办公楼塔架的入住率达到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的零售组合正日益壮大。最近开业的Elmina Lakeside Mall的租赁率已达98%，体现了强大的执行力。KL East Mall的入住率达到96%，目前提供6.5-7%的收益。Elmina Lakeside Mall的高入住率预计将在较短的时间内产生类似的回报。
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.
展望未来，分析师表示SimeProp很可能继续探索数据中心领域的机会，并可能与其姊妹公司SD Guthrie合作，进一步推动工业发展。SD Guthrie计划在马来西亚西部开发1万英亩的庄园土地，这对SimeProp来说可能提供长期的增长前景。