The share price of UEM Sunrise Bhd edged up half-a-sen to 97 sen as of 12.17 am today on news of its third property acquisition in Melbourne.
In a note, Kenanga Research maintained a "market perform" call on the company with a target price of RM1.10 for the stock.
It was reported that UEM Sunrise recently completed the third acquisition in Melbourne for RM161 million and has earmarked it for development into a luxury residential project.
"We gather that 10 per cent of the land payment is due upon signing, 10 per cent by year-end and the balance is due in mid-2016.
"The group is also actively trying to reduce its dependency of Johor and move towards the Klang Valley and other property corridors in Malaysia," Kenanga Research said.
The research house said it is neutral to slightly positive on the Australian venture which has a gross development value of RM666 million.
In 2015, sales for UEM Sunrise will be largely driven by Australia, while the group has lined up some new launches in Johor and the Klang Valley in the next two quarters.
Bernama
Tue Aug 04 2015
![UEM Sunrise share rises to 97 sen on acquisition news UEM Sunrise share rises to 97 sen on acquisition news](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-08/81438667877_UEMSUNRISE.jpg)
It was reported that UEM Sunrise recently completed the third acquisition in Melbourne for RM161 million and has earmarked it for development into a luxury residential project.
![KDNK suku kedua dijangka lebih baik, hasil positif ekonomi MADANI - Ahli ekonomi KDNK suku kedua dijangka lebih baik, hasil positif ekonomi MADANI - Ahli ekonomi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-04/71682503318_PEMANTAUANUDARAAPM.jpg)
KDNK suku kedua dijangka lebih baik, hasil positif ekonomi MADANI - Ahli ekonomi
Prestasi paling penting ialah peningkatan perbelanjaan isi rumah, disebabkan oleh keyakinan isi rumah yang semakin baik.
![Jenazah Nidza Afham dikebumi di Puncak Alam Jenazah Nidza Afham dikebumi di Puncak Alam](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/81723691432_NidzaAfham.jpg)
Jenazah Nidza Afham dikebumi di Puncak Alam
Solat jenazah akan diadakan di Masjid Puncak Alam sebelum dikebumikan di Tapak Perkuburan Felda Bukit Cherakah selepas solat Zohor hari ini.
![Ibu Menteri Besar Kedah meninggal dunia Ibu Menteri Besar Kedah meninggal dunia](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51723690075_ibumeninggalduni.jpg)
Ibu Menteri Besar Kedah meninggal dunia
Allahyarham Meriam Ahmad menghembuskan nafas terakhir pada usia 74 tahun di Hospital Sultanah Bahiyah, Alor Setar.
![Skuad bola tampar pantai Pulau Pinang berlatih di Songkhla Skuad bola tampar pantai Pulau Pinang berlatih di Songkhla](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51723688922_bolatamparsukma.jpg)
Skuad bola tampar pantai Pulau Pinang berlatih di Songkhla
Pasukan bola tampar pantai Pulau Pinang di Pantai Samila, Songkhla selama lima hari sebagai persediaan menggalas cabaran membawa pulang pingat pada SUKMA 2024.
![Pemandu treler maut, nahas lima kenderaan di PLUS arah utara Pemandu treler maut, nahas lima kenderaan di PLUS arah utara](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51723688542_KemalanganMaut.jpg)
Pemandu treler maut, nahas lima kenderaan di PLUS arah utara
Kemalangan melibatkan lima buah kenderaan termasuk tiga buah treler, sebuah lori satu tan dan sebuah MPV Toyota Vellfire.
Niaga AWANI: Jiwa SME: Kuih tradisonal sejuk beku 'diterbangkan' ke Tanah Suci
Inovasi pembuatan makanan sejuk beku, terutama kuih muih tradisional telah berjaya membawa produk itu ke peringkat global, terutama dalam memenuhi citarasa jemaah haji dan umrah rakyat Malaysia di Tanah Suci Mekah dan Madinah.
Global Financial Shifts: What emerging economies need to know
We're looking at recent shifts in the global financial scene. Today, we'll talk about how lower inflation and possible Fed rate cuts could impact investor confidence, global stability, and important sectors like tech and real estate. We'll also see how these changes might affect emerging economies like Malaysia, a key player in global trade. Let's break down these topics to understand what they mean for the future.
![MyJPJ rekod lebih RM28 juta transaksi dalam tempoh sebulan MyJPJ rekod lebih RM28 juta transaksi dalam tempoh sebulan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/61723687760_AedyFadlyRamli.jpg)
MyJPJ rekod lebih RM28 juta transaksi dalam tempoh sebulan
JPJ merekodkan kutipan lebih RM28 juta menerusi aplikasi MyJPJ bulan lepas iaitu sebulan selepas transaksi dalam talian diperkenalkan pada Jun.
Urban Redevelopment Act: A comprehensive solution or a temporary fix?
Datuk Chang Kim Loong, Secretary-General of the National House Buyers Association (HBA), will speak about tackling one of the most pressing urban issues of our time: the Urban Redevelopment Act. Is this legislation the comprehensive solution we’ve been waiting for to eradicate urban slums, or is it merely a temporary fix?
![Ringgit kekal dibuka tinggi, menjelang data KDNK suku kedua Malaysia esok Ringgit kekal dibuka tinggi, menjelang data KDNK suku kedua Malaysia esok](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-01/41705320699_TBringgitmalaysia.jpg)
Ringgit kekal dibuka tinggi, menjelang data KDNK suku kedua Malaysia esok
Pada 8 pagi, ringgit meningkat sedikit kepada 4.4150/4250 berbanding dolar AS daripada 4.4170/4235 ketika ditutup pada Rabu.