AmFIRST REIT CEO steps down effective Dec 1
In a Bursa Malaysia filing, AmFIRST REIT said Raja Nazirin Shah Raja Mohamad, 59, has resigned as CEO and director of the REIT “to pursue other opportunities”.
Sales momentum to remain strong in FY2023, but weaker than FY2022, says Sime Darby Property
Sime Darby Property Bhd said on Wednesday (Nov 30) that it anticipates the group’s sales momentum to continue into the financial year ending Dec 31, 2023 (FY2023), albeit weaker due to the global economic uncertainties in the year ahead.
Sunway REIT’s 3Q NPI jumps 82%, spurred by retail and hotel segments
Looking ahead, Sunway REIT Management Sdn Bhd — the manager of Sunway REIT — said it remains optimistic on the group’s outlook for FY2022, underpinned by strong growth in its retail segment, gradual recovery in the hotel segment and the new income contribution.
KLCCP Stapled's 3Q net profit jumps 30%, declares eight sen dividend
KLCCP Stapled Group reported a 30.43% rise in net profit to RM176.59 million for the third quarter ended Sept 30, 2022 (3QFY22), from RM135.39 million a year earlier, on the back of improved performances across all business segments.
Paragon Globe to buy land in Johor for RM71.5 mil
Paragon Globe Bhd has proposed to acquire a 42.29ha parcel of land in Johor Bahru for RM71.5 million, which is more than half of its market capitalisation of RM130.66 million.
S&F Capital says proposed RM7.4m Kedah land purchase to be utilised for industrial or residential development
The land is three kilometres away from Phase 4 of the KHTP and will therefore be converted into industrial or residential status from its current agricultural status.
IGB REIT’s 3Q NPI jumps 81%, declares 2.44 sen DPU
IGB Real Estate Investment Trust’s (IGB REIT) net property income (NPI) for the third quarter rose 80.95% to RM101.19 million from RM55.92 million a year earlier, mainly due to lower rental support to tenants arising from the economic reopening and improved retail sales of tenants.
Bank Negara hikes OPR by 25bps to 2.75% on positive economic growth prospects
Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75% on Thursday (Nov 3).
StanChart: BNM expected to hike OPR by 25bps to 2.75%
Ahead of the conclusion of Bank Negara Malaysia’s (BNM) monetary policy committee (MPC) meeting in November, Standard Chartered (StanChart) said it expects the central bank to announce a 25 basis point (bps) hike in the overnight policy rate (OPR) on Thursday (Nov 3), raising it to 2.75%.
Shareholders of Parkson’s HK-listed unit greenlight disposal of commercial properties for RM182 mil
Parkson Holdings Bhd’s 54.97%-owned subsidiary, Parkson Retail Group Ltd (PRG), said its shareholders have given their approval for the disposal of commercial properties in Qingdao, China for 280 million yuan (RM182 million).
