News by M

The property investment and development division saw a 6% decline in PBT to RM38.38 million on lower unrealised gains on foreign exchange, as the Singapore dollar weakened against ringgit during the quarter.

The inaugural TheEdgeProperty.com Malaysia’s Best Managed Property Awards 2017 is now open for submissions until Jan 16, 2017.

The land is located along Jalan Conlay below which the MRT Line 2 is expected to connect the Conlay and Tun Razak Exchange stations.

Space, and how people interact with it, is ever evolving.

Propelled by an impressive track record and a solid legacy, Gamuda Land moves forward to raise the bar in upcoming developments.

The research house’s top “buy” picks are City Developments Limited (CDL), CapitaLand and UOL Group at target prices of S$9.90, S$7.20 and S$3.60 respectively.

CapitaLand intends to open eight new shopping malls in 2017, six of which are retail components of integrated developments in China, and one each in Malaysia and India.

CIMB Group Holdings Bhd is bracing for a "slight slowdown" in home and car loans in 2017, as the banking sector contends with weak consumer sentiment, CIMB group consumer banking CEO Samir Gupta said.

Rafizi questioned whether there are enough exports to fully utilise the 600km ECRL as the 70km rail is not fully utilised now.

S P Setia Bhd reported a cumulative nine months in financial year 2016 profit after tax and minority interest of RM383 million, accounting for 59% and 57% of Hong Leong Investment Bank’s and consensus estimates, respectively.