News by M

Lead analyst at DBS Derek Tan notes the recent share price weakness of S-REITs was due to increased macro uncertainties, coupled with the fourth quarter traditionally being unhappy times for REIT investors.

Revenue declined 3.4% to S$3,439.6 million, mainly because of lower contributions from the Singapore and Australia strategic business units.

In a statement yesterday, Ekovest managing director Datuk Seri Lim Keng Cheng said with the latest contract, the group's total outstanding construction order book stands at RM5.7 billion.

Ekovest managing director Datuk Seri Lim Keng Cheng said with the latest contract, the group’s total outstanding construction order book now stands at RM5.7 billion.

Kesturi stake disposal is in line with strategy for matured infrastructure assets.

Tan Sri Liew Kee Sin can breathe a sigh of relief. The listing of his overseas property development outfit, Eco World International Bhd (EWI), is now on firm footing with Tan Sri Quek Leng Chan’s GuocoLand Ltd set to take up a strategic 27% stake.

CapitaLand Ltd has announced the appointment of Andrew Lim as its new group chief financial officer (CFO) with effect from Jan 1, 2017.

Mah Sing Group Bhd launched its inaugural Lock & Roll deferred financing campaign last weekend where Mah Sing homebuyers can now own their new homes once they have paid the booking fee of RM10,000.

Businessman Tan Sri Desmond Lim Siew Choon is performing a corporate manoeuvre that may unlock value worth billions after emerging as the largest shareholder in WCT Holdings Bhd last Tuesday, say sources.

It is safe to say that private developers have been subdued post-Budget 2017. Industry players, investors and homebuyers had been looking forward to some goodies, particularly initiatives that would increase liquidity such as the easing of lending regulations and a bigger Employees Provident Fund Account 2 allocation. Instead, the thrust of the budget is to address the needs of those in the bottom 40% income group, specifically affordable housing.