About Disrupt-X: As a leading global IoT solutions innovator, Disrupt-X provides smart solutions for various industries as it has been committed to supporting the growth of technology and digitalisation through the continuous development of smart solutions since its establishment in 2018. The company’s innovative plug-and-play smart solutions for various industries have helped businesses save money by reducing waste and increasing efficiency. Disrupt-X’s hallmark is providing seamless integration to existing systems in use. One of its innovations has been through its Disrupt-X IoT Cloud Platform where it manages the entry and exit of vehicles by detecting the number plates of vehicles without the need of any RFID or parking tickets.
KUALA LUMPUR, 18 May 2023 – UEM Sunrise Berhad (UEM Sunrise or the Company) today announced its financial results for the first quarter ended 31 March 2023 (1Q 2023). The Company recorded a revenue of RM241 million driven by higher construction progress from local developments, mainly Residensi AVA in Kiara Bay, Serene Heights in Semenyih, Residensi Allevia and Residensi Astrea both in Mont’Kiara and KAIA Heights in Equine Park, Seri Kembangan. This is in addition to the revenue secured from the Company’s property investments, facilities management, and others.
Its gross profit margin improved to 44% in 1Q 2023 in comparison to 24% in the first quarter of 2022 (1Q 2022) due to the recognition of project cost savings, while its operating expenses and operating profit improved by 7% and 12%, respectively compared to 1Q 2022. In tandem with the higher gross profit, after considering the performance of its joint ventures and associates, the Company recorded a profit after tax and non-controlling interests of RM15.4 million for 1Q 2023.
Its inventories further reduced by 53% to RM176 million as of 31 March 2023 (RM372 million as of 31 March 2022) while its cash balances remained strong at RM1.1 billion, a 35% increase from its position of RM813 million as of 31 March 2022. Its net gearing remained moderate at 47% as of 31 March 2023.
Property sales in the quarter were RM168 million; 61% from Central mainly from Residensi Allevia, Symphony Hills in Cyberjaya and Serene Heights while the remaining 39% was from Southern mostly from Estuari Gardens, Senadi Hills and Aspira Square, all in Iskandar Puteri. As of 31 March 2023, UEM Sunrise has unbilled sales of RM1.7 billion.
Commenting on the financial results, Sufian Abdullah, Chief Executive Officer of UEM Sunrise said, "Our gross margin this quarter is strong pursuant to higher margins for selected completed developments in both Central and Southern regions, in addition to the contribution of the settlement of remaining units in Aurora Melbourne Central. Combined with a slight decline in our operational expenses among others, we maintain a positive earnings position for the quarter under review”.
He continued, "We are entering into the second stage of Triage this year after achieving the majority of the initiatives rolled out last year. Triage is the first part of our three-phase strategic turnaround plan and takes place from 2022 to 2023. This will be followed by Stabilise (2024 to 2025) and Sustain (2026 and beyond). Leveraging on this momentum, we will continue to strengthen fundamentals and deliver launches as planned to further increase stakeholders’ confidence in the Company. Among our endeavours this year is to reinforce our pipelines and launch new projects worth RM2.5 billion to the market. We are also targeting sales of RM1.5 billion as a follow through to the planned launches”.
Touching on the key new launches in 2023, “The preview of our latest development in Mont’Kiara; The MINH, to the media on 9 May was met with very warm reception. The two-tower luxury residence features 496 units varying from 149m2 to 279m2 (1,607 to 3,010 square feet) in terms of size and has a total GDV of RM979 million. It is the first development to be launched under the CLUB Edition of the Happy+ product series. Branded as a prestigious resort-inspired lifestyle home motivated by the Indochine design expression – it showcases a combination of French Colonial design infused with Vietnamese traditions. We target to officially launch The MINH on 27 May. Happy+ is a residential product series which segments its products into five categories; namely KASIH series, RISE series, NEST series, CLUB Edition and LUXE Collection, catering to homebuyers with varying lifestyles and life-stage needs, delivering a more streamlined customer experience and implement innovative product features into its future products moving forward”.
“We are also excited to introduce our first transit-oriented development, The Connaught One, featuring 1,334 residential units sized between 42m2 to 118m2 (452 to 1,270 square feet) and 15 retail units in Taman Connaught, Cheras; a two-tower residential development, which will be directly connected to the Taman Connaught MRT Station. Residents will also have direct connectivity to the Cheras-Kajang Highway and Jalan Cheras; near the Middle Ring Road 2. With an estimated total GDV of RM743 million, this will be a RISE Series product under the Happy+ product series; attainable homes that embody practical living and flexible designs with agile spaces to shape and shift buyers’ lifestyle. We target to launch The Connaught One before the end of June this year”.
“In the third quarter of this year, we target to introduce our latest development in Kiara Bay, giving the opportunity for those who missed out on Residensi AVA to own a residence near the majestic Kepong Metropolitan Park. Slated as our third Happy+ product this year and codenamed as KMP7 for now, this new development in Kiara Bay has a biophilic design concept that connects residents more closely to nature. The three-tower development features 1,126 residential units with sizes ranging between 42m2 to 140m2 (450 to 1,508 square feet). With an estimated GDV of RM646 million, this will be our second RISE series this year after The Connaught One”.
“Other than these key projects, we will continue to launch new phases of our existing developments, mainly double storey landed homes, in Serene Heights, Semenyih as well as Senadi Hills and Gerbang Nusajaya both in Iskandar Puteri”.
The Company continues to pursue its sustainability agenda as guided by the UEM Sunrise Sustainability Blueprint 1.0 and will be producing its own Sustainable Development Design Guidelines to act as a reference for stakeholders to comply with when integrating sustainability elements into its design procedures. It remains committed to the sustainability agenda and will engage and collaborate with relevant stakeholders to raise awareness and adopt sustainability practices.
KUALA LUMPUR, 9 May 2023 – UEM Sunrise Berhad ("UEM Sunrise" or the "Company") announced that it would officially open the latest development in Mont’Kiara; THE MINH to the general public on 27 May. The Indochine-inspired design has received a warm reception, having had 70% of its first tower, Tower B taken up through an introductory preview with the Company’s business associates and Trésorians, UEM Sunrise’s premium loyalty members.
An acronym for Mont'Kiara Indochine-inspired Nature Homes which also means ‘bright’ in Vietnamese, THE MINH takes inspiration from the Indochine design expression - A style borne from the harmonious combination of French Colonial design and the sensitivities and traditions of vernacular design in Vietnam.
Located in the serene and quiet neighbourhood along Jalan Kiara 7 and on an elevated site adjacent to Bukit Kiara Hill, the luxury residence comprises 496 units total with two towers, each 42 storeys high with only six units per floor. THE MINH features four types of room layouts, A, B, C and D, and ranges from 149m2 (1,607 sq ft) to 279m2 (3,010 sq ft). Types A and B follow a bungalow design concept. Types C and D are semi-detached designs with private lift lobbies, versatile lanai areas and junior suites. Since these two units are located side by side, they can easily combine into a mega-bungalow unit with an impressive 534m2 (5,743 sq ft), with its own internal private lift, perfect for those who value a more private residence.
The bedroom and junior suite designs have taken into consideration being self-sufficient, catering to flexible and multi-generational living within the same home. This is part of the Company’s response to the new normal to provide spaces which can function independently too.
Furthermore, each unit comes with one EV charger-ready powerpoint, allowing residents to charge their electric vehicles in the comfort and safety of their homes.
As THE MINH towers over the breathtaking Mont'Kiara skyline, residents can enjoy commanding views of its surroundings, including the city skyline, Bukit Kiara Hill or Kuala Lumpur.
Each unit adopts a spacious open-plan layout to cater to each resident's current and future lifestyle needs, including a combinable breakfast and kitchen space. With a layout designed around openness, this greatly encourages more interaction among family members on a day-to-day basis and guests during social events. In addition, this allows natural ventilation and sunlight to beam into each home, which helps reduce the reliance on air conditioning and artificial lighting during the day.
THE MINH offers luxurious yet family-friendly amenities which come with two levels, including the first Spa Hut in Mont'Kiara, offering hot jacuzzis, saunas, halotherapy/salt chambers, and meditation huts, an all-inclusive wellness centre intended to rejuvenate the mind, body, and soul, giving residents the ultimate luxurious living experience.
In addition, THE MINH has an 80m lap pool, a children's pool, an open, green-filled space for residents to host various outdoor activities and user-friendly indoor and outdoor gymnasiums.
THE MINH boasts a cascading waterfall with a cantilevered dining terrace at the end of the 80m lap pool, providing extravagant views highlighting THE MINH's other amenities.
THE MINH’s multi-level car park is designed with a speed ramp that gives residents direct access to their respective car park levels without passing through other car parks.
THE MINH is also the Company’s first freehold residence to launch under the CLUB Edition, offering residents high-end features and resort-inspired living. This edition is one of five UEM Sunrise's Happy+ product series categories. It caters to homebuyers with varying lifestyles and life-stage needs, delivers a more streamlined customer experience, and implements innovative product features into its future products.
At the recent THE MINH Media Preview held at the Company's Showcase in Mont'Kiara, UEM Sunrise Chief Marketing Officer Kenny Wong, in his speech, expressed how incredibly excited the team at UEM Sunrise was to announce the launch of the Company's next foray into the luxury market.
"We have specially designed a home that fosters more interaction between family members and guests in the common areas. Taking cues from shifts in how we create spaces to adapt to the new normal, we have also designed bedrooms to be more spacious, while adding a touch of luxury that compliments THE MINH’s Indochine theme.
Seeing the positive response to THE MINH’s Tower B, we’re happy to announce that we’ll be opening up our second tower, Tower A, very soon. So, stay tuned for this.” added Kenny.
Commenting on the success of THE MINH’s introductory preview, UEM Sunrise Chief Executive Officer Sufian Abdullah said that the launch of THE MINH is among the Company's numerous lineups of product announcements for 2023.
“Our focus remains consistent to ensure we offer diverse products that cater to various market segments as well as our homebuyers’ needs. Our expertise as a master developer allows us insights into niche markets that are sustainable and value-driven,” says Sufian.
For more information about the Company’s first residence under the CLUB Edition THE MINH, visit uemsunrise.com or the UEM Sunrise Showcase in Mont'Kiara.
Chief Marketing Officer Kenny Wong gave his opening remarks and some facts regarding The MINH to members of the media. The luxury residence is set to open to the public on 27 May.
Chief Development Officer Mardiana Rahayu Tukiran presented a product briefing to members of the media regarding The MINH’s design concept as well as its family-friendly layout and amenities.
From left to right - Chief Development Officer Mardiana Rahayu Tukiran; Chief Marketing Officer Kenny Wong; and Chief Operations Officer, Central Liong Kok Kit addressing questions from members of the media during The MINH’s Media Preview Q&A session
UEM Sunrise senior management team posed for a group photo in front of The MINH scale model. From left to right – Chief Strategy & Transformation Officer Irwin Mohd Eusoff; Chief Operations Officer, Central Liong Kok Kit; Chief Executive Officer Sufian Abdullah; Chief Development Officer Mardiana Rahayu Tukiran; and Chief Marketing Officer Kenny Wong.
With The MINH’s spacious open-plan layout caters to each resident's lifestyle needs including a combinable breakfast and kitchen space, this greatly encourages more interaction among family members on a day-to-day basis and guests during social events.
The MINH’s spacious open-plan layout allows natural ventilation and sunlight to beam into each home, which helps reduce the reliance on air conditioning and artificial lighting during the day.
PLUS Malaysia Berhad (PLUS) won the Silver Award for the Best Crisis Management Strategy Category at the Marketing-Interactive 2023 Public Relations Awards held in Singapore on 27th April 2023.
PLUS' “RFID Rollout Blowout!” Crisis Management Strategy, executed in 2022, was selected among 6 leading international and regional finalists from the US, Indonesia, Hong Kong and Singapore.
PLUS’ Corporate Communications team initiated a crisis communications strategy to counter the negative public perception issues that arose when the RFID system was implemented across the North-South Expressway in January 2022.
As a result of the crisis management strategy, public issues related to the notion and perception of the implementation of RFID have been addressed, and now highway users are switching to the RFID system, in line with the Government's goal of implementing the Multi-Lane Fast Flow (MLFF) congestion free highway in 2025.